Debt free by Summer 2012 (if not sooner!)

DebtFree2012

Thanks HL.

Right

41p paid from one account to Virgin
6.39 paid from 2nd account to Virgin.

I need to up my game if this debt's gonna go.

Skint_but_Optimistic

Every payment made is a payment made.

Get well for the jollybobs and stop beating yourself up. Enough pennies make a pound and all that.

DebtFree2012

Very true,

right - as I have the 0% card for 18 months I am going to throw everything at Virgin still.

I have August, Sept, Oct, Nov and Dec pay left for this year. I need to make the following payments respectively 300, 340, 300, 280, 700 to stay on my target.

Then in Jan (if not before) I am hoping to be offered a 0% card and transfer the balance to that. If I am going to clear Virgin by Dec 2012 then I am reliant on a 0% deal.

The target figures aren't just random ones, they are out of my budget and savings so I hope to be able to meet them. Going into 2012 I will have apx 5441 on balance once Dec's payments have cleared and interest added. Assuming I can stick to budget I will make my final payment in October becoming Virgin free (oh er) in Nov.

Once that's gone I will hit the other 0% card assuming I wasn't able to transfer the whole balance when I get my 0% card in Jan. That runs out in March 2013 which is ages away but when you are looking at it by payments made it isn't!

So only 1 CC to tackle after that which the balance should be around 2k in March 2013. I'll wipe that out in a few months if no other CC debts on. July 2013 according to my figures.

The remainder of the year will be spent clearing my 0% loan - last payment in Dec 2013 and then my fixed loan comes to a natural end in Feb 2014 which will be my last ever debt payment!

So I have my mini targets which I will report on monthly for the rest of this year. Debt should be around the 21505 mark down from 30k in Dec 2010.

Watch this space

Skint_but_Optimistic

Thats absolutely fantastic work. you should be really proud of yourself.

How do you track your payments? Do you add to a spreadsheet or are you like me with a little printed off spreadsheet covered in post it notes with amounts on which get amended as I make payments?

Just curious.

I like to look at it and think about it so I like it in the plastic wallet in my bag.

DebtFree2012

I have everything on a spreadsheet - it's evolved over the year/s so it's pretty much has everything on I need now. It allows me to forecast too and make changes fairly easily. Everything's in one place so makes it easier for me.

I have my lists of to do's on post its literally all over LOL

xx

Skint_but_Optimistic

haha!! yeah so similiar then, The master spreadsheet and the printed off one with the post it notes.

It does work writing it all down as well.

Sorry for being nosey, I just wondered if I was missing a marvellous trick x

DebtFree2012

Lol - not at all and be as nosey as you like - I'm always looking to improve so ideas welcome ) x

miggy

Just sticking my head round the door to say well done and enjoy your hols!

DebtFree2012

Thanks Miggy

xx

Winnie_in_Pooh

Brain hurts from the calculation post but I think I gathered you'll be debt free by Feb 2014 and you have a fab plan to get there which is AWESOME :j:j:j

I want a spreadsheet with post it's on it too! I have a scribbled on envelope stuffed with receipts

Hope you have a fabby holiday and the anti-biotics kick in and clear up the horrible sinusitis soon xxx