debt free in a year or less

in Debt free diaries
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piranha84piranha84 Forumite
9 Posts
Fourth Anniversary
Forumite
I thought i would start this diary as i have been having a read through other since the start of the year and i have been inspired to start my own.

So a little about me, for the past 3 years i have been in a trust deed (scotland) looking back i wish i never started one but thats another story my original term was 36 months but due to a wage rise last year i owe another £4122.22:eek: my monthly payment toward it has increased by £84 per month so should be cleared in just over a year. I hope to pay this quicker with some overpayments and play to use this diary as a way to keep track of where i am on a monthly basis.

The only other debt i have is i owe my parents £800 i pay this back at £80 per month.

In total i owe £4922.22 that works out at:
£410.19 per month (minimum)

BRING IT ON

Replies

  • beanieloubeanielou Forumite
    82.9K Posts
    Part of the Furniture 10,000 Posts Mortgage-free Glee! Name Dropper
    Forumite
    Happy shiny new diary :)
    Keep posting!
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~**
    MFW. Finally mortgage free February 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. ***Be the difference.***
  • piranha84piranha84 Forumite
    9 Posts
    Fourth Anniversary
    Forumite
    beanielou wrote: »
    Happy shiny new diary :)
    Keep posting!

    will do:beer:
  • piranha84piranha84 Forumite
    9 Posts
    Fourth Anniversary
    Forumite
    So it was pay day last friday and guess what, my wages were 4 hr short so that leaves me with £60 less for the month and still have school uniforms to buy and both my parents birthdays are this month, so could only make £80 of money owed and £329 to my trust deed. I'm going to put a load of stuff on eBay over the next few days and see if that at least covers both the birthdays. total amount still to pay is £4513.22
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