We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Challenge - Debt free in two years!
Options
Comments
-
You're still doing well though Woo, slowly but surely.
You might find something comes up and you can pay more, we might find something comes up and we can pay less, just have to do all we can every month
Debt at LBM Apr 2010 £28,767 Debt free as of Nov 2013 :j0 -
I'm lucky at the moment as well that the interest on a 19k debt is only £65 a month - that won't last!Debt at LBM Apr 2010 £28,767 Debt free as of Nov 2013 :j0
-
That is really good going to have gotten your interest so low, my debt is costing me about £95 in interest at the moment.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 -
Got lucky with the 0% deals a couple of times, but have been turned down for the last few I applied for
Debt at LBM Apr 2010 £28,767 Debt free as of Nov 2013 :j0 -
It does really give you a boost when you drop a K.
I'm aiming to pay a £1,000 plus interest every month so that I can drop a K a month. Have managed it for Apr and May so far. Will be harder though when my interest goes back up!
WOW - that's some achievement if you can keep it up. I'm sure if I stopped being so careless with money I could do the same, but I've never been one to keep an eye on where my money goes. I need to be more aware of what I'm spending every penny on!I'm lucky at the moment as well that the interest on a 19k debt is only £65 a month - that won't last!
Oh how lucky you are. Mines around £200 (depending on the number of days in the month). I am still waiting to hear if I can get that 0% credit card to do a cash balance, if so, that would be fantastic. I can then clear an extra £200 a month, which would mean I could do a k a month too
Not getting my hopes up though.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 -
My money does go on very little else other than repayments, otherwise there's no way I could do that much on my salary.Debt at LBM Apr 2010 £28,767 Debt free as of Nov 2013 :j0
-
My biggest problem is my £800 rent...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 -
Do you pay that all yourself?
Our rent is £750 but we split it 50:50.Debt at LBM Apr 2010 £28,767 Debt free as of Nov 2013 :j0 -
That's my share...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 -
Wow, guessing renting is expensive down in Brighton then!Debt at LBM Apr 2010 £28,767 Debt free as of Nov 2013 :j0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards