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The Challenge - Debt free in two years!
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Month end again. Debts paid, here's Aprils totals so far:
My updated debt diary
Last update: 04-April-2011
[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 - £400 @ 0% (Down from: £2,000)
£491.19 to Lloyds Loan - £16,599.00 @ 14.5% (down from: £18,831.22)
Total Debt: £16,999.00
I have re-done my snowball, on account of me not achieving an £800 re-payment each month since I originally did it. From May, if I achieve an £800 repayment, I will be May 2013 for debt free, however, this doesn't include my October bonus, so with that factored in (on the assumption I get the same) I should achieve July 2012.Adam's diary - My Debt Diary - The Challenge | LBM May 2010 with £23,343.35 | £16,141.46 to go...
Cleared: £7,369.16 / 30.85% | Current DFD: Oct2012 from Jan2014 | July repaid: £600/£800
Goals: Aug-11 37% | Nov-11 60% | Feb-11 67% | May-12 76% | Aug-12 86% | Dec-12 debt free0 -
You'll be catching me soon if I don't find some motivation from somewhere!LBM Aug 09: £18,650.47 - Current: £12,854.93 (£5946.79)
Barclays: £2,928.34 Lloyds: £2,499.60
MBNA: £3,788.99 Overdraft: £1,900.00 Mum: £1,738.00
Surveys: £6.60/£40.000 -
I'm about £6k behind you - I have a long way to go yet! But challenge accepted
Adam's diary - My Debt Diary - The Challenge | LBM May 2010 with £23,343.35 | £16,141.46 to go...
Cleared: £7,369.16 / 30.85% | Current DFD: Oct2012 from Jan2014 | July repaid: £600/£800
Goals: Aug-11 37% | Nov-11 60% | Feb-11 67% | May-12 76% | Aug-12 86% | Dec-12 debt free0 -
Made another £200 payment to OH, meaning the payment at the end of the month will be my last one, leaving me room to overpay my loan from end of May! Helps keep me closer to my DFD and keep me on track
My updated debt diary
Last update: 08-April-2011
[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]£400 to Loan from OH No.2 - £200 @ 0% (Down from: £2,000)
£491.19 to Lloyds Loan - £16,599.00 @ 14.5% (down from: £18,831.22)
Total Debt: £16,799.00
Adam's diary - My Debt Diary - The Challenge | LBM May 2010 with £23,343.35 | £16,141.46 to go...
Cleared: £7,369.16 / 30.85% | Current DFD: Oct2012 from Jan2014 | July repaid: £600/£800
Goals: Aug-11 37% | Nov-11 60% | Feb-11 67% | May-12 76% | Aug-12 86% | Dec-12 debt free0 -
Hi Adam,
The images you uploaded for that spreadsheet aren't working on my work internet so can't see them but it sounds like a good spreadsheet!
Is that something you would be able to email to me?Debt at LBM Apr 2010 £28,767 Debt free as of Nov 2013 :j0 -
Yeah sure I can email you I changed work computer so I've lost your email. Could you send me one so I have it again (if you still have mine).
Welcome back!Adam's diary - My Debt Diary - The Challenge | LBM May 2010 with £23,343.35 | £16,141.46 to go...
Cleared: £7,369.16 / 30.85% | Current DFD: Oct2012 from Jan2014 | July repaid: £600/£800
Goals: Aug-11 37% | Nov-11 60% | Feb-11 67% | May-12 76% | Aug-12 86% | Dec-12 debt free0 -
Just sent you an email, hopefully to the right address!Debt at LBM Apr 2010 £28,767 Debt free as of Nov 2013 :j0
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Cool I got it thanks. Will email you now - need some info's first
EDIT: Actually, just realised this only works with one debt, i.e., a loan. I need to adapt it to make changes to support more than one debt with multiple APRs and repayments
Adam's diary - My Debt Diary - The Challenge | LBM May 2010 with £23,343.35 | £16,141.46 to go...
Cleared: £7,369.16 / 30.85% | Current DFD: Oct2012 from Jan2014 | July repaid: £600/£800
Goals: Aug-11 37% | Nov-11 60% | Feb-11 67% | May-12 76% | Aug-12 86% | Dec-12 debt free0 -
That's your challenge for today then!
Never mind work, this is far more important! Debt at LBM Apr 2010 £28,767 Debt free as of Nov 2013 :j0 -
How many do you have? Are they all a fixed amount to repay, or is the CC a % of balance?Adam's diary - My Debt Diary - The Challenge | LBM May 2010 with £23,343.35 | £16,141.46 to go...
Cleared: £7,369.16 / 30.85% | Current DFD: Oct2012 from Jan2014 | July repaid: £600/£800
Goals: Aug-11 37% | Nov-11 60% | Feb-11 67% | May-12 76% | Aug-12 86% | Dec-12 debt free0
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