The "Pay ALL your debt off by Xmas 2012" challenge - PART 2!!!

karenann76

eddi wrote: »

I know a lot of us DF'ers have already set up spreadsheets to keep track of payments etc but if you haven't and you'd like to do one but don't know where to start I thought I'd share mine and if it helps anyone then I'm truly happy I did myself this spreadsheet this week to keep track of the amount of each of my debts, payments made and a summary sheet of how I'm doing toward the target and totals to update the forum (after I made such a dogs dinner of my initial adding up lol)

The first sheet has basic instructions just so you know how it all operates as I've added lots of formulas to make things work automatically with only basic input of initial figures and then subsequent payments

I've made this blank copy and shared it so I think you should be able to make/save a copy for yourself in Google Docs or download a copy and then enter your own info.

https://docs.google.com/spreadsheet/ccc?key=0ArMQ10ztnRXIdFdpUFNuR3JsNTZrTnhqeXRwWVFhUUE

Let me know if the link doesn't work... I may have dome something supremely untechnical whilst sharing :rotfl:

Thanks for that....yours is better than mine!!! I will swap everything onto a copy of your!

mf0u1098

Just watched Martin Lewis on BBC Northwest news talking about payday loans... he's very hyper!

My friend at work mentioned she was going to see a mortgage advisor about borrowing an extra £5k on her new mortgage when it's up for renewal, I think my face said it all! It looked like this :eek::eek::eek:

I worked out for her that her debt is all currently at 0% for another 12-18months (credit card, overdraft and family). She wanted to pay her dad back asap so I told her the different options other than adding to her mortgage. Her interest on adding £5k to her mortgage would be £4695 over 25 years so almost double! A 5 yr loan at 8% would be over £1k in interest but getting a new 0% credit card every 12 months at 3.2% fee would only cost about £250 in interest!!! It's amazing the difference...

KS2008

Hi all,

Well done on all your updated totals - very inspiring :beer:

I opted for sending my old mobile off to M*zuma in the end rather than Ebay because it all honesty it just seemed a lot less effort! So £60 arrived in my account today and I have paid it straight off the dreaded Vanquis...So my updated total is:

#265 £90/£4478.17 :j

I am desperate to pay off the Vanquis card and hope to pay off a big chunk this month (I don't get paid until 31st January!) if I really work hard then I think it might be possible to pay the whole darn thing off - which would be uber exciting! But, as others have said, I dont want to pay the whole thing off at the beginning of the month and then have to spend on it again

In other news, I have booked a cottage today for myself and 3 friends to go to for 2 nights in March for my birthday - it works out at £35 each for the 2 nights so quite MSE :rotfl:

I opted to book this on my debit card (the others are obviously all paying me back within the next few days) instead of the credit card thus avoiding a 2% surcharge AND the fact the money they gave me would never have ended up as a payment off the credit - my credit card statement is testament to this!! :cool::D

It came out of £150 expenses I was owed so as soon as they have paid me back it is going STRAIGHT off horrible Vanquis card :T

camuk81

psychopathbabble wrote: »

068 £602.22 / £6,492.82 9.27%

Thanks for the spreadsheet It's much easier to keep track of payments, as I update my snowball with interest etc so it's only accurate for a few days a month.

To clauclate intrest start with amount in column A then apr in column B (I struggled with % so pop in a figure) then add the following into excel

=A*B%/12

This should give interest over a one year period then divided by 12 months

camuk81

mf0u1098 wrote: »

My friend at work mentioned she was going to see a mortgage advisor about borrowing an extra £5k on her new mortgage when it's up for renewal, I think my face said it all! It looked like this :eek::eek::eek:

A 5 yr loan at 8% would be over £1k in interest but getting a new 0% credit card every 12 months at 3.2% fee would only cost about £250 in interest!!! It's amazing the difference...

Martin would be over the moon and you working this out!

mf0u1098

fritterprincess wrote: »

Even better I have paid off my debt to my parents!! woohoo:j

:T:T:T Well done fritterprincess, I bet that feels absolutely brilliant!!!

Brokenpromiseland

jakes-mum wrote: »

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Search swagcode spoiler on google that gives any codes for free bucks when they come out so check periodically through the day
Refer people!! if they sign up through your link you get a match of their search bucks
Search twice a day
Envelope on top bar should have a red 1 appear next to it every day, open it, click to open the video inside and shut the new tab immediately, then click the second clickable button in the email and select 'didnt see an advert' to recieve 3 bucks.

Thank you I just have to keep working at it

mf0u1098

GreenSaints wrote: »

Hi all,

Just a quick update - paid £65.88 towards my CC, so I have finally broken the £1000 mark!

Member #27 £1022.42/£22,922.39 (4.46%)

Well done for getting over that magic £1k mark!!! :T:T:T

rosiest

Does anyone know if you can cancel car insurance early and get money back. car insurance is up in June and we pay yearly but quidco doing a really good cashback offer and the quote is good but wont still be there in june so i thought if we could canx and get refund of moneyfrom now til june and set up new insurance now but dont know if thats possible ?

mf0u1098

loubie_lou wrote: »

New profile making my eyes hurt!

Anyhow.....................car only cost £75 quid.................phewwwwwwwwwwwwwwwwwwwwwwwww! :beer::beer:

:T:T:T I think we've all sighed a relief for Geraldine!