When's your Debt Free Date?

Ellieseleven

Mine is March 2017 but hoping to bring that closer, we've already reduced it from 2021

antonia86

Ours is Sept 2017 but hoping for Sept 2015, if we can continue to overpay - and then have another baby

smiffy64

Tixy wrote: »

Hi smiffy.

A lot of people calculate it on a snowball calculator (entering details of your debts and what you pay off them each month).

http://www.stoozing.com/calculator/snowball-calculator.php

Other people have it calculated on spreadsheets but the above is a good starting point.

thanks i will try this at the weekend and see what it is

mobo1980

At the minute i have a small loan to pay off debt free date is may 2017 but im gonna pay this off sooner once im able to interest on it is ridiculous :mad:

thetommo85

May 16th 2015 - my 30th birthday.

Nearly £10k to clear before then - hopefully this is realistic :-)

mum2one

i'm July 2023........

that is unless
1- I marry a rich man or
2- I win the lottery.... x

Cranny44

Mine is currently April 2018.. I have already knocked off 3 months and hope to eventually be paid up by March 2017 if i can keep on with the 0% transfers.

jeanlucb

One month on from my first post in this thread, I have some great news!

I used Martin's form template to reclaim the packaged account fees that Natwest charged me for my Advantage Gold Account from the year 2000! And they wrote to me yesterday to say they will pay back those charges from 2000 till 2010 (when i should have received a letter explaining what the charges are) for a total of £1,881!! I will try and challenge them (to say that I knew what the charges were, but I did not know I had an alternative to get an account without charges) to still pay back the charges from March 2010 till last month, which could be 4 years @ £15 pcm + 8% interest max which could be an extra £777.

So last month, here was the damage: CC1 £11,000 | CC2 £6,330 | CC3 £3,400 | OD £4,000 = Total £24,730

I put all my overdraft in a new credit card and stopped paying interest for nothing. Destroyed one CC after I got the Natwest money. My DFD was January 2016, I can now safely say it should be September 2015, and maybe even July 2015!! Phew. £3348 paid off since last month!

________________________________________________

LBM 31/12/13 - As of 27/02/14: CC1 £10,848 | CC2 £6,000 | CC3 £4,500

Total £21,348

Newyorkdreams

Ours is 31 December 2015, 3 years to pay off £60K.:eek:

We are hoping for our first baby in the next 12 - 18 months so if mother nature isn't playing ball, it might be good news for our DFD as we can plough our maternity leave savings into that, bringing it forward quite a few months.

Always a silver lining!

NYD

Monkeyballs

The estimated DFD on my step Change DMP is 27/07/16...

But when I started it was 27/10/16 so in 8 months I've shaved three months off I'd ideally be able to shave a couple more off too and be debt free by my 40th birthday on 27/04/16

MB