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The Challenge - Debt free in two years!

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  • mrsb83_2
    mrsb83_2 Posts: 914 Forumite
    Great news!

    I must confess to being a bit jealous :o Moving the DFD forward is the best feeling of all!
    Total Debt Sept 2010 - £24,132.38 / Current - £0.00/ 100% paid

    DFD - [STRIKE]Aug 2014[/STRIKE] 24th Aug 2012

    £10 a day // Jun - £64/£300 / Jul - £133/£310 / Aug - £281/£310
  • Kepp
    Kepp Posts: 4,390 Forumite
    Part of the Furniture Combo Breaker
    Excellent news :D
    Debt at LBM Apr 2010 £28,767 Debt free as of Nov 2013 :j
  • Ceniza
    Ceniza Posts: 761 Forumite
    mrsb83 wrote: »
    Great news!

    I must confess to being a bit jealous :o Moving the DFD forward is the best feeling of all!

    I'm working through the spreadsheets as we speak. It's all getting very complicated. But, I think my DFD may come down as quick as next summer...
    beccie wrote: »
    Excellent news :D

    Why thank you :)
    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 free
  • Ceniza
    Ceniza Posts: 761 Forumite
    Well, not as good as I thought, DFD only moves to October 2012. Which means my original target of being debt free in 2 years was only overshot by 5 months. Considering I had over £23k of debt to begin with, I don't think this is too bad :)
    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 free
  • Kepp
    Kepp Posts: 4,390 Forumite
    Part of the Furniture Combo Breaker
    October 2012 is still great news, and gives you breathing space on the overpayments if you need it any month :)
    Debt at LBM Apr 2010 £28,767 Debt free as of Nov 2013 :j
  • Ceniza
    Ceniza Posts: 761 Forumite
    yeah and being 0% as well helps. I need to clear it all by Dec 2012 anyway because that's when the 0% runs out and then it's 20%
    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 free
  • jtr2803
    jtr2803 Posts: 3,232 Forumite
    I think you have done very well to be on target to clear that soon! My debt plan is supposed to finish Dec 2012 so it looks like I need to step my game up a bit! :D

    Very happily married on 10th April 2013 :D
    Spero Meliora
    Trying to find a cure for Maldivesitis :rotfl:
  • **Kat**_2
    **Kat**_2 Posts: 969 Forumite
    Well done on getting the card and decreasing your DFD :)
    Loan - [STRIKE]£6991.95[/STRIKE]£6180.01; Barclays Res - [STRIKE]£600[/STRIKE] £0 - £22 per week :eek:, NWB Grad O/D - [STRIKE]£1185[/STRIKE] £887.86 18.28% SWALEC - [STRIKE]£700[/STRIKE] £0 NPOWER [STRIKE]£220[/STRIKE] £0 Kays - [STRIKE]£591.28[/STRIKE] £0 TOTAL DEBT - [STRIKE]£10,288.23[/STRIKE] £7,000.01 31.96 % Paid off. BS Fund - £1 Savings Fund - £41.17 % Challenge Member 1
  • Ceniza
    Ceniza Posts: 761 Forumite
    jtr2803 wrote: »
    I think you have done very well to be on target to clear that soon! My debt plan is supposed to finish Dec 2012 so it looks like I need to step my game up a bit! :D
    **Kat** wrote: »
    Well done on getting the card and decreasing your DFD :)

    Thanks guys.

    Just setup the transfer for the 0% which came out at £7,300 in total, so that will be going straight onto the loan when it clears by the end of this week (I hope).

    :D
    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 free
  • jtr2803
    jtr2803 Posts: 3,232 Forumite
    I am now down to Oct 2012 ;)

    Very happily married on 10th April 2013 :D
    Spero Meliora
    Trying to find a cure for Maldivesitis :rotfl:
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