SS's 2007 Debt Free Challenge

slowlyfading

That's great keep going, i'm sure you'll find you'll knock off a lot more than that in the end!
Nicola x

southernscouser

slowlyfading wrote: »

That's great keep going, i'm sure you'll find you'll knock off a lot more than that in the end!
Nicola x

I bloody hope so! :rotfl:

I'm desperate to buy my own place next year but I'm sure I'm being disillusoinal! :rolleyes:

kathfisch

southernscouser wrote: »

I bloody hope so! :rotfl:

I'm desperate to buy my own place next year but I'm sure I'm being disillusoinal! :rolleyes:

It could be just the motivation you need!

Just focus on the steps, not the whole debt, and the end'll be here before you know it!! :T

slowlyfading

southernscouser wrote: »

I bloody hope so! :rotfl:

I'm desperate to buy my own place next year but I'm sure I'm being disillusoinal! :rolleyes:

Not at all, maybe this is the key to motivation for you? Just focus on having your own space and having a very definite goal keep that chin up.
Nicola x

ZTD

southernscouser wrote: »

Well it's definate that this time next week I'll be under the £20k mark!

Depressingly even though it is a milestone I'm not even half way through this debt! :undecided

I'm currently 3 months ahead of my DFD but that is still only July 2009! :doh:

I wanna knock about 15 months off that! :eek:

First of all I would say "very well done!". Why? Because debt is not a linear thing. Because of interest etc, most debt is reduced at the end of the term, and not as much at the beginning (when the interest bill is higher). In other words, after half the time, you will have paid less than half the money off.

So if you've knocked 3 months off it, yet still are not half way through, that means you will knock off much greater than 6 months by the time you get to the end. How much more depends on your interest rates.

Back to the snowball calculator you go...

D&DD

Hi SS Kaths right you know focus on chunks at a time..Our will power always seems to waver just after a milestone so make sure you get your next target firmly placed in your mind for when you hit the sub £20k Say sub 17 by June Keep up the betting malarky it seems to be helping no end in getting your total down and may even be buying you a good few bricks for that house in years to come ,you never know :T

southern_chick

Hi SS

can't give you any techincal advice, can't even say anything to make you laugh so thought i'd send you :grouphug: :grouphug: :grouphug: instead
you are doing so well, keep it up (the good work that is!!)

SC XX

elantan

ok how comes your making soooo much money on the mbing?

southernscouser

elantan wrote: »

ok how comes your making soooo much money on the mbing?

Theres loads of bookies out there hun! I must have done over 40 myself and thats only the tip!

JAMIEDODGER

well done ss!!! just wanted to say congratulations to you! you are doing really well hun:)