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Yeeeeeeeeees!
Comments
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Congratulations clarab, that is so encouraging for everybody!!:j:j All the best for paying off the last part, then you can put yourself down on the:beer: DF Roll of Honour!
Hummingbird x£10 a day extra in May '18[B]£35/310[
Virtual Sealed Pot 2018 £500/£2500 = 20%
You can find my diary here:http://forums.moneysavingexpert.com/showthread.php?t=5189836:beer:0 -
Well done you! That's great news! So jealous but soon will be in the same boat as you
xxx Life is too short not to love what you do.0 -
Well done you.
I've never even thought about reducung the mortgage to interest only and paying the rest off the debt. Is this a 'normal' thing for DFW's to do? Is it worth it in the end as you either end up increasing the term on your mortgage or paying higher monthyl amounts?0 -
It fits in with the general principle of debt repayment. Pay down the highest APR first ***jellyjenny wrote: »Well done you.
I've never even thought about reducung the mortgage to interest only and paying the rest off the debt. Is this a 'normal' thing for DFW's to do? Is it worth it in the end as you either end up increasing the term on your mortgage or paying higher monthyl amounts?
So, if you have a 5% mortgage and a 15% credit card, you put the mortgage on IO if you can and you pay down the 15% card. But if you have interest free credit cards, you put the mortgage on repayment and overpay if you can, servicing the 0% cards with minimum payments only - being sure you can clear them when you 0% ends.
[*** Occasionally you see debt situations where things are really tight, but there is a loan with not so long to go. In these cases, it can be worth paying down the loan before higher APR debt, just to get some slack into the situation]Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Awesome story and very inspiring!!! Well done for all your hard work and sacrifice!... Am really pleased that your life has turned a corner!!! ⭐ DEBT FREE : 18/02/2025 ⭐
Follow your heart & be true to yourself always
My life is full of abundance and prosperity
NST April: Food/Spends = £240.00/£60.00 NSD = 7 /12
Be kind - Eat well - Exercise - Be mindful0
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