Debt free by Summer 2012 (if not sooner!)

DebtFree2012

Have created myself a signature now - haven't put a DFD on yet as that part of my SS is in progress lol. It's not like I've not got the time to do it- while off yet lol.

DebtFree2012

Aww I need some shopping and my mum saw my shopping list so she went out and got it for me bless her and she won't take any money for it. I am so pleased )

DebtFree2012

Ok so Goal 1 is to pay off Cap1 who I owe £4397.08 and they are charging me monthly interest of 2.3% which doesn't sound alot but is £97 a month. When you think all I have been paying is £130 a month, £33 to actual debt is nothing - sickening,

So I have number crunched and estimated overpayments based on budget etc and by end of Dec I should be down to 1640 or there abouts. I would love to set myself a challenge of £1500 but as I know things crop up and are unforseen I am tempted to say £1700 and anything else is a bonus.

Paying my other debts at min payment until then will leave then as apx
Tesco (RBS) 2325
Virgin 7157

OMG The current balance is only 7281 so I will have paid over 100 a month and still over just under 100 difference after a year!!!

I feel sick.

dippy_dolly

I've just read your posts and was surprised no-one has commented! Just wanted to say hello, you are not alone and good luck with your challenge!

DebtFree2012

Aww thank you - I think every time I post other people do theirs too and I am lost in the volume lol.
I am quite happy plodding along in diary land even if not happy with credit cards ! haha

Thanks for dropping by xx

runmichellerun

Hello! Have you seen this thread? https://forums.moneysavingexpert.com/discussion/2158327 It's a challenge to be debt free before the Olympics in 2012. Seems perfect for you...

Woowoo

Your link worked!

I will catch up later, sooo much work still to do

DebtFree2012

runmichellerun wrote: »

Hello! Have you seen this thread? https://forums.moneysavingexpert.com/discussion/2158327 It's a challenge to be debt free before the Olympics in 2012. Seems perfect for you...

How strange is that - great minds think alike! I will look into that so thanks very much - have a great weekend

DebtFree2012

Woowoo wrote: »

Your link worked!

I will catch up later, sooo much work still to do

YEY :j
Aw thanks for dropping by. My diary's hotting up now I have my focus. Thanks to you mostly!

Have transferred all my pennies (literally) in each of my online savings accounts (4 with barclays, why please?!) into my current account and gained £1.20 which I shall pay to CC on tuesday when I pay my pennies into the bank.

Have a fab weekend and don't work too hard - roll on 4pm for me. :T

Woowoo

Hi DF

Just caught up on your diary.

Good luck with clearing that Cap 1 card, get chucking them pennies at it, it will soon start coming down!

I have subscribed so will be here cheering you on all the way x