I want I be free of debt my 31/12/14

haycorns

The one where the 0% runs out first, or june/july one with the smallest amout so you can feel like you are winning.

I would leave the 2016 to last in case your plans slip.

Twinmummy4

Household Information
Number of adults in household........... 2
Number of children in household......... 4
Number of cars owned.................... 1
\
Monthly Income Details
Monthly income after tax................ 1700
Partners monthly income after tax....... 396.16
Benefits................................ 692.4
Other income............................ 0
Total monthly income.................... 2788.56
\
Monthly Expense Detail
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 320\
Management charge (leasehold property).. 0\
Council tax............................. 80\
Electricity............................. 59\
Gas..................................... 49\
Oil..................................... 0\
Water rates............................. 43.61\
Telephone (land line)................... 13\
Mobile phone............................ 44\
TV Licence.............................. 13\
Satellite/Cable TV...................... 30\
Internet Services....................... 13\
Groceries etc. ......................... 400\
Clothing................................ 15\
Petrol/diesel........................... 120\
Road tax................................ 14.58\
Car Insurance........................... 37\
Car maintenance (including MOT)......... 25\
Car parking............................. 0\
Other travel............................ 0\
Childcare/nursery....................... 312\
Other child related expenses............ 0\
Medical (prescriptions, dentist etc).... 0\
Pet insurance/vet bills................. 0\
Buildings insurance..................... 0\
Contents insurance...................... 26.69\
Life assurance ......................... 24\
Other insurance......................... 0\
Presents (birthday, christmas etc)...... 10\
Haircuts................................ 7.5\
Entertainment........................... 120\
Holiday................................. 0\
Emergency fund.......................... 10\
Total monthly expenses.................. 1786.38\
\
\
Assets\
Cash.................................... 0\
House value (Gross)..................... 0\
Shares and bonds........................ 0\
Car(s).................................. 4000\
Other assets............................ 0\
Total Assets............................ 4000\
\
No Secured nor Hire Purchase Debts\
\
Unsecured Debts\
Description....................Debt......Monthly...APR\
Loan...........................2688......186.......10.1\
Cc1............................1400......25........0\
Cc2............................1600......30........0\
Cc3............................3500......50........0\
Total unsecured debts..........9188......291.......- \
\
\
Monthly Budget Summary\
Total monthly income.................... 2,788.56\
Expenses (including HP & secured debts). 1,786.38\
Available for debt repayments........... 1,002.18\
Monthly UNsecured debt repayments....... 291\
Amount left after debt repayments....... 711.18\
\
Personal Balance Sheet Summary\
Total assets (things you own)........... 4,000\
Total HP & Secured debt................. -0\
Total Unsecured debt.................... -9,188\
Net Assets.............................. -5,188

Tixy

Hi

If you can stick to that SoA and put the whole of the £1000 towards yours you debt each month then you should be able to easily be debt free within your target timescale.

Are you certain you have budgeted enough in your expenses (e.g. is £180 for a year enough for clothing/shoes etc for all of you?), and is the child related expenses at nil realistic (no kids activities/hobbies/pocket money etc you need to budget for).

Are you planning to overpay the 0% cards or planning to put anything above the minimum in to a savings account and then settle in full just before the 0% ends?

Some people prefer the idea of paying it all off the cards straight away so they cannot dip in to the savings and its therefore harder to get sidetracked from the goal of being debt free.
Others will put it in savings first to earn a small amount of interest (and to potentially double up as an emergency fund).

Twinmummy4

Your right I do need t add something for child related expensive although these are hit n miss not all the time

I plan t chip away at the cards pay whatever I have towards. Maybe half of what's left each week to a savings pot and half to credit cards.

I'm a bit worried I am now gonna have 3 cards to juggle but I just need t be organised and have everything written down.

I have sorted £20 outta my change pot today so that'll go towards once I get to the bank.

Twinmummy4

Will be updating figures 1st jean but making good progress paid a chunk off cc and paid some of catalogue too.

Fixed wi gas and electric
Still to ring virgin and reduce package as waste

C u all on the 1st can't wait to put it in print how much less I owe. Xx