Shifting a 24K debt in a year?????

o2bfree

I am sure you can clear MBNA by 17th November that is ages. A £1 a day would get £58 off straight away.

Hope you are feeling better soon

Kepp

Shuffled things around a bit and £53 is now on it's way too MBNA - I am going to get this shifted as fast as possible!

Me and OH have decided not to go shopping this week - we are allowing ourselves £5 from the change pot towards any bits we need to get to use up other stuff. Should be some interesting meals and if it works then I can send my half of the food budget (£20) towards MBNA. 57p spent last night on a pot of cream to make pasta sauce with

We had the fire brigade out to one of the flats in our building but despite hanging out our window along with everyone else, nobody quite seemed to get what had happened!

My fairy wings that I gave away of Freecycle were collected last night - my attempts to declutter my life are beginning!

jtr2803

That's a great start on MBNA!

We always seem to have police around the other side of the block we live in, I blame the unworking drug dealers...I am sure there are at least two down there!

I need to go through our second bedroom and see if there is any ebay-able bits in there, it's full of 'stuff'!

Kepp

I definitely need to get myself in gear on the Ebay thing too!

Am also going to get some books sorted out to put on Green Metropolis.

Have done my October budget ready for payday on Friday - it's all looking pretty good. Should be a chance to shave a bit off here and there as well.

Have bought stuff ready to make my Halloween costume as well, whole thing should be put together for £7. I LOVE Halloween and was so disappointed to miss it last year - I tried to get them into the idea in Zimbabwe but I think they just thought that I was a little bit weird! :rotfl:

Kepp

All this talk of DFDs on everyone else's diaries has got me thinking.

I have now updated my DFD to include what I will be adding on in Nov and that puts my DFD to Jul 2013 from Jan 2013.

I also know that I want to knock months off the same as everyone else, but not been sure what's a realistic goal - if I pay at the rate I have been (£880 a month) even if I excluded interest then I can only get the date down to Dec 2012. If I wanted to join in on the other challenge I would have to pay off £1678 a month excluding interest! :eek:

So to keep it realistic for me but to also make it a challenge my goal is to get my DFD down to Dec 2012

Woowoo

Thats a very good goal Beccie and I am sure you will get there, that's even better than what you had originally anticipated prior to adding your trip.

Kepp

Saw on Woo's diary bout setting some goals and decided I think that will work for me, so here we go!

Goals:

Short-term: Pay off MBNA by 17 Nov.

Medium-term: Reduce my debt down to what it was before I paid for Borneo by Dec 2010 (Snowball currently showing this as Feb 11 so got to shave 2 months off.)

Long-term: Bring my DFD down to Dec 2012 from Jul 2013.

How I'm going to do this:

Short-term: 49 days left to clear £636 works out as £13 a day.

Medium-term: 93 days left to clear £2,232 difference plus the £646 interest making £2,878 total. Works out as £31 a day including the £13 to MBNA till that's paid.

Long-term: Hoping to achieve this with short and medium-term goals.

This month I managed to pay a total £888.36 towards my debts so if I'd been aiming for the £31 a day I would have been only £41.64 short, so I think this is do-able!

I'm happy as all this sounds so much more achievablw when I look at it like this!

Wish me luck!

jtr2803

Thats a lot of goals! I am sure you can do it hun, we MSE-ers seem to have this knack of producing money out of thin air .

I wish I could pay off/save £800, I feel quite silly with my £300 odd a month now :rotfl:.

x

Kepp

Ooo, re-count, forgot the £90 I paid to Egg as that only came out yesterday so actually I would have beaten that target by £48.36 as I actually paid £978.36 off my debts in Sept! :j

I still think your savings are brilliant Jody and especially with having to pay out for the car as well. And at least you have saved that much, not paid off interest with it, so well done :T

x

Woowoo

I think your goals are a very good idea.

When you break it down to the daily amount it sounds much more achieveable and far less scary!