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Mola makes it HALF WAY!!!!!!!

Molanole
Molanole Posts: 1,563 Forumite
Debt-free and Proud!
in Debt-free wannabe
Just thought I'd share........ Yippeee!!! :j :j :j

Debts as at 09.08.2007

Egg Loan (7.9%) £12,046.50
HSBC Loan (7.9%) £6,029.70
M&S &more card (3.9%) £2,160.98

Total debt: £20,237.18 :T :doh: :doh:

I'm setting myself a HUGE challenge. I've got a year before OH and I get married, and 11 months living with the in-laws. I'm going to attempt to pay off £17K in 11 months, plus save for the wedding. Who thinks I can do it?:rolleyes: :cool:
Debt Free Nerd No. 89, LBM: April 2006, Debt at highest (Sept 05): £40,939.96
NOW TOTALLY DEBT FREE!!!!!!!! Woooo hooooooo!!! DEBT FREE DATE: 23 December 2009
«134

Comments

  • rayday2
    rayday2 Posts: 3,960 Forumite
    Get married at Gretna Green you can do both lol!

    Well done!
  • elantan
    elantan Posts: 21,022 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    i know you will do it ...fantastic news mrs well done
  • rog2
    rog2 Posts: 11,650 Forumite
    10,000 Posts Combo Breaker
    Well Done Moley :dance: _party_ _party_ :dance:
    I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
    If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.

    HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7

    DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS
  • HairyHandofDartmoor
    HairyHandofDartmoor Posts: 13,960 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You've done so well! Based on previous performance I say YES you can do it! But tell us your secret. HOW do you intend to do it?
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = £58,766 😱 DEBT FREE 31 OCTOBER 2017 :T 🎉
    EMERGENCY FUND 1 = £50/£5,000. EMERGENCY FUND 2 = £10/£5,000.
    CHRISTMAS SAVINGS = £0/£500. SEF = £1,400/£12,000 PREMIUM BONDS ME = £350. PREMIUM BONDS DH = £300.
    HOLIDAY MONEY = £0 TIME LEFT TO PAY OFF MORTGAGE = 5 YEARS 1 MONTHS
  • Molanole
    Molanole Posts: 1,563 Forumite
    Debt-free and Proud!
    HairyHandofDartmoor wrote: »
    You've done so well! Based on previous performance I say YES you can do it! But tell us your secret. HOW do you intend to do it?

    Ah, thanks for the vote of confidence. Do you know I'm not entirely sure. I've armed myself with a VERY tight budget, but allowed myself some spending money so I don't go insane.

    The plan is to make overpayments as soon as possible after I get paid, only take out my months cash allowance and then hide the cards away. Now that I've moved I've got a VERY long commute to work so there won't be opportunities for after work drinks, or just popping for a glass of wine. I'll be asleep as soon as I walk in the door! Sleeping will hopefully negate spending. Not the most technical of plans but I'm hoping it's a goer for me!
    Debt Free Nerd No. 89, LBM: April 2006, Debt at highest (Sept 05): £40,939.96
    NOW TOTALLY DEBT FREE!!!!!!!! Woooo hooooooo!!! DEBT FREE DATE: 23 December 2009
  • Shineyhappy
    Shineyhappy Posts: 1,933 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Well done :j I hope that you and your OH are both very proud!! :T

    I am sure you will be able to pay off the rest of it before the wedding! Keep us updating on your progress!
    Debt Free - done
    Mortgage Free - done
    Building up the pension pot
  • ltm07
    ltm07 Posts: 966 Forumite
    That's fantastic,over £20k paid off in just over 2 years,well done. OH & i are £31.5k in debt & threads like this are an inspiration. Well done again & good luck with the rest of your debt. All the best.
    Debt at LBM(July 1st 07)-£35,053.92 Debt on 1st Anniversary of LBM(July 1st 08)-£33,170.11 (31st January 09)-£32,318.73Paid off so far £2,735.19(7.8%) Average paid off p.m. £143.95 L/H supporter 115 DFD target February 2018 DFD March 2028. PAD(Started 28/12/08) £253.77 £10 a day Feb £110/£280 WEDDING Paid off £1,585.96 Saved Up £925.40
  • ltm07
    ltm07 Posts: 966 Forumite
    Sorry,under 2 years!
    Debt at LBM(July 1st 07)-£35,053.92 Debt on 1st Anniversary of LBM(July 1st 08)-£33,170.11 (31st January 09)-£32,318.73Paid off so far £2,735.19(7.8%) Average paid off p.m. £143.95 L/H supporter 115 DFD target February 2018 DFD March 2028. PAD(Started 28/12/08) £253.77 £10 a day Feb £110/£280 WEDDING Paid off £1,585.96 Saved Up £925.40
  • Molanole
    Molanole Posts: 1,563 Forumite
    Debt-free and Proud!
    ltm07 wrote: »
    That's fantastic,over £20k paid off in just over 2 years,well done. OH & i are £31.5k in debt & threads like this are an inspiration. Well done again & good luck with the rest of your debt. All the best.

    Thanks ltm! The OH and I have combined debts of about £41K right now. For the first time since we met three years ago I now have less debt than he does! He's very proud of me but doesn't seem to be inspired enough to tackle his own debt so proactively which is why we're keeping them seperate up until we get married! Many peeps on here have suffered my whinges about his lack of motivation on more than one occasion!! I know just how tough it can be so hang in there. You'll get there soon!
    Debt Free Nerd No. 89, LBM: April 2006, Debt at highest (Sept 05): £40,939.96
    NOW TOTALLY DEBT FREE!!!!!!!! Woooo hooooooo!!! DEBT FREE DATE: 23 December 2009
  • Imelda
    Imelda Posts: 1,402 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    well done Molanole, surely the second half will go down quicker as you're now paying a lot less interest?

    Have you checked through your SOA recently to see if anyone can suggest further tightening?
    Saving for an early retirement!
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