The Challenge - Debt free in two years!

Herewego

So long as your debt is not increasing it will be fine, all work and no play.....................

jtr2803

Now if I remember rightly it was Woo and Becsicle who were twisting my arm to go to Ireland.....do you two have shares in holiday companies?

Actually, I agree! If you can almost cover it with Ebay then it's a no brainer...and obviously you need to try out your new board. It proves that you are a true DFW now though Adam when you have weighing up whether it's right to go or not!

Look forward to seeing the new figures

Woowoo

jtr2803 wrote: »

Now if I remember rightly it was Woo and Becsicle who were twisting my arm to go to Ireland.....do you two have shares in holiday companies?

Actually, I agree! If you can almost cover it with Ebay then it's a no brainer...and obviously you need to try out your new board. It proves that you are a true DFW now though Adam when you have weighing up whether it's right to go or not!

Look forward to seeing the new figures

Were on commission lol

Ceniza

Well, the figures are in and so far I've only made my madatory payments to my debts. I've got a few things coming up this month work wise. I'm helping some people out with a few bits so should get some extra cash in, and also eBay will be getting a few items on there for sale. At the moment here are my figures, but there will be another update later on in the month

My updated debt diary
Last update: 02-november-2010
[STRIKE]
Capital One CC - £0 @ 30% (down from: £968.83)
Lloyds TBS overdraft - £0 @ 12.3% (down from: £2,000)
Loan from OH No.1 - £0 @ 0% (down from: £600)
Egg Banking CC - £0 @ 21.90% (down from: £943.30)
[/STRIKE]£200 to Loan from OH No.2 - £1,400 @ 0% (Down from: £2,000)
£383.87 to Lloyds Loan - £17,723.35@ 14.5% (down from: £18,831.22)

Total Debt: £19,123.35

Woowoo

Well done Adam, you will soon be sub £19k x

Kepp

Well done Adam! :T

You're definitely getting away from me on this one!

Ceniza

Thanks guys

Ceniza

I think I might have to be the first casualty of the DF by Dec2011. I've tried several different possibilities, and even my DFD of Jan2013 requirers agressive repayments (although does exclude bonus).

I'd have to clear £1,300 a month, and that doesn't include the interest payments - it's just not possible, no way...

Kepp

Oh no

Don't be disheartened though - £1,300 a month excluding interest would have been a lot to try and do.

Why not try to knock it down a month at a time instead? It's smaller and more achievable - my current repayments are based on trying to knock mine down to Dec 2012.

You may still be surprised at how many months you can still knock off, especially with a bonus factored in

Ceniza

I think I can knock 6 months with my bonus so June 2012 would be realistic for me to aim for at this moment in time. Unless I sell about £5k worth of stuff (which I don't have).