When's your Debt Free Date?

jeanlucb

Update after giving a go at working for myself... In the last three months of being a full time photographer, I've steadily earned £300 more every month than the big steady job I've had for 15 years! Ah! So it's going well, for now. My wife has also sold a flat that she could not get rid off last month, and paid me back a few IOUs that I gave her about 6 years ago, in total £375 that went straight to my debts.

LBM 31/12/13 - As of 22/07/15: CC1 {MBNA @ 6.9% for life} £2,264 | CC2 {Lloyds @ 0% for 35 months} £6,440 | DFD: Jul 2017 - Total £8,704

Aphidgirl

If I'm very frugal throughout August and September then I could be debt free by October 1st 2015! :j

Maybe November is more realistic but I'll aim for October and see how it goes.

Digging_2

Feb 2020 according to various different calculators online.... although it will be sooner than that, as some of my credit cards have different interests rates within the same card.


Eg, total £5300 on 1 CC:
£2554.61......... 0% to 18/03/16
£677.25........... 0% to 18/08/15
£2068.14......... 29.9%


So I have entered 29.9% as APR for that CC. No calculators online allow a break down.


So while I'm hating the Feb 2020 DFD I know it'll be faster. Just wish I find a more realistic DFD.

Tyrone_Black

I won't clear it at least until the 0% expires (April 2017 on a small bit, July 2017 on a bigger bit) but expect to have enough in savings to cover it by July 2016.

YoungBusinessman

Worked this out last night to be no more than 2 years away, cant get exact date as some big expenses coming up.

will1am3

will1am3 wrote: »

My current debt is around 27k and DFD is July 2021 but hopefully sooner

Debt now down to 23k so moving in the right direction and can see the light!

Chrysanthemum5

Well done everyone

My personal debt will be paid off in June 2016

Got £1,600 to go

Husband will be down from 11k to 7500 also in June 1016 and then it will be feb 2018 all done

Muhren

At the moment mine will be March 2017, 3 days after my 34th birthday.

Former_MSE_Andrea

If you posted on this thread when we first started it and have worked hard and managed to bring your date forward let us know!

That's a milestone in itself!

123mortgagefree

My aim is December 2016!
Halifax CC: £1100 - paid by December 2015
Virgin 0% for 24 months: £950 - paid by April 2016
Loan: £3600 - paid by December 2016


Car finance not included as this is relatively low and want to snow ball all debts then start overpaying my Mortgage. Staying positive and well prepared with lots of spreadsheets keeping me on track for my goal!