Pinot's Potty debt free journey!!!

Alice_in_Poorland

I only got a FB account so I could keep an eye (not spy) on DS1. I noticed a professional footballer wanted to be friends with him, he thought it was great!! When we looked at his page it all looked legitimate but would a professional footballer really want to be friends with my son.......I don't think so. Luckily my DS could see what we were getting at.

Good luck with ebay and hope that MBNA start to play nice.xx

hillside777

Just a very quick post! Not that you'll have time to read it.
You always seem to be so busy and rushing round like there's no tomorrow.
I was going to write like a blue something fly, but thought I had better not be so rude. :rotfl:

Trust you are keeping well. It's great to hear that you have work and the contract. Long may it continue.

kerri_dfw

PinotGrigio41 wrote: »

We had the car tax due on Mr Pinots car on the 31 December, so this hasnt given us much lee way unfortunately, but at least they arent both in the same month as yours ! Yuk !:(

I have but one word for you re: car tax.... POTS!!! £3.85 a week into the pot, car tax done (based on £200ish tax). That's 55p a day simples pots pots potty pots It's taken me 25+ years to work out why pots are good

PinotGrigio41

kerri_dfw wrote: »

I have but one word for you re: car tax.... POTS!!! £3.85 a week into the pot, car tax done (based on £200ish tax). That's 55p a day simples pots pots potty pots It's taken me 25+ years to work out why pots are good

Thanks Kerri,

I have pots for the car tax but unfortunately they only started in dec and with both cars needing taxing in the space of two months there wasn't enough in them to cover it, but thankyou ! Give it a few months then they will have built up !

PinotGrigio41

bonnington wrote: »

Just a very quick post! Not that you'll have time to read it.
You always seem to be so busy and rushing round like there's no tomorrow.
I was going to write like a blue something fly, but thought I had better not be so rude. :rotfl:

Trust you are keeping well. It's great to hear that you have work and the contract. Long may it continue.

Bit of a whirlwind me ! Doesn't give me much time to think, dwell or worry , well I do occasionally but try not too ! I'm good thanks, lovely to hear from you

BlushingRose

Found your diary hon - am going to subscribe and then give it a proper read tomorrow!

PinotGrigio41

BlushingRose wrote: »

Found your diary hon - am going to subscribe and then give it a proper read tomorrow!

Hello you, lovely to see you ! Diary is rather long and ramble as I'm sure you will discover shortly! Feel free to skip lots! Keep dropping by though, the more the merrier and it's good to hear how you are doing x:D

PinotGrigio41

Alice_in_Poorland wrote: »

I only got a FB account so I could keep an eye (not spy) on DS1. I noticed a professional footballer wanted to be friends with him, he thought it was great!! When we looked at his page it all looked legitimate but would a professional footballer really want to be friends with my son.......I don't think so. Luckily my DS could see what we were getting at.

Good luck with ebay and hope that MBNA start to play nice.xx

I think on this occasion it's me that's playing awkward rather than mbna ::rotfl:

That was actually a really scary Facebook story , and so lucky that you spotted it ! Poor dd1 has to tell us if anyone contacts her and explain to us how she knows them before she is allowed to add them. I feel bad for her sometimes as we are far stricter than the majority of her friends parents, but all credit to her she seems to accept it! Well........ Most of the time ! :rotfl:

Hopelessly_Hopeful

Re calculation - I think the easiest way to do it is (I am a simple soul)

Amount outstanding now (divided) by amount outstanding at the start (times) 100 (divided) by 1 = %Amount still left to pay from original balance. So logical tells us we can take that number away from 100 to see what we have paid off rather than what we owe.

So Happy, for your unsecured debt, 69225 / 69579 X 100 / 1 =99.49% to pay or 0.51 paid off.


Hope that helps. Please don't be embarrassed if anyone can't work it out, we will just find another way to explain so please shout up. We are stronger together and all that

Try not to be disheartened by 0.51%. when was the last time you saw a reduction rather than an increase. It will gather momentum but will feel slow at the start. My debt went up by 2.5% at the stage you are at Happy, 21 months in I am now at 40%. I try to focus on celebrating minigoals as this keeps me going. Ever the hopeful one I set up a simple excel spreadsheet (I can't really do formulae just basic add up sum and didn't even know how to do that at the start so did it manually). What's really great is that I predicted creditor balance for each month upto the end of the DMP. I alter as neccesary each month and chip away at the balance .




HHx

HappyNow

PinotGrigio41 wrote: »

Take your total debt and divide by 100. In my case that = 967.96
Then take your new total and divide by the answer above, so for me -
88538.73 / 967.96 = 91.45 that is my percentage.
I then take that percentage above away from 100 and that will give you the percentage you have paid off - So for me its 8.55% or thereabouts

debtfreewannabe321 wrote: »

how much you have paid off divided by the amount you started with times 100........so i worked yours out to be 0.27 %

And pinot.......i think yours would be 8.53% does that sound right?>!

Hopelessly_Hopeful wrote: »

Amount outstanding now (divided) by amount outstanding at the start (times) 100 (divided) by 1 = %Amount still left to pay from original balance. So logical tells us we can take that number away from 100 to see what we have paid off rather than what we owe.

So Happy, for your unsecured debt, 69225 / 69579 X 100 / 1 =99.49% to pay or 0.51 paid off.

Try not to be disheartened by 0.51%. when was the last time you saw a reduction rather than an increase. It will gather momentum but will feel slow at the start. My debt went up by 2.5% at the stage you are at Happy, 21 months in I am now at 40%. I try to focus on celebrating minigoals as this keeps me going.

HHx

Thank you all so much for your replies, I can do it now . It's actually quite easy once you know how, I think I'd got myself confused.

And I am definitely not disappointed with my 0.51%. For years my debts have gone UP every month by several %, so in 'real terms' as the politicians say, my achievement since starting this is probably nearer to 5%. Anyway Pinot, sorry for hi-jacking your diary with my mathematical dumbness!

And yes, I agree completely about the Facebook thing. It's a wonderful resource, used sensibly. Some of the Radio One DJs (Fern Cotton for one) are currently doing a profile-raising exercise on Facebook security called ShareTakeCare with a game for youngsters to play. It's here -

http://www.bbc.co.uk/radio1/surgery/sharetakecare/game/

As the DJs are even cooler than us parents, the kids might be interested?