Help me sort out OH please!!!

SarahNeedle1872

Hey....

posted this on the CC thread, but no replies yet.... http://forums.moneysavingexpert.com/showthread.html?t=544302
Can any of u lovely people help, OH had a mini-LBM a few days ago so I wanna hit him........ with a plan, while the iron's hot:D .

Cheers

Sarah x

GettingThingsDone

ouch!

how about the snowballer?

gtd

GettingThingsDone

£500 at 39.9% with minimum payment of 5%

October 2007 £500.00 £500.00 £25.00 £475.00 £16.10
November 2007 £491.10 £491.10 £24.55 £466.54 £15.30
etc until 2017

gtd

Mindspace

Hi Sarah,

The intrest will be about 16 approx pounds after 25 min payment is made. Hope I'm right in calculating the intrest.

Sure, some one along will correct me if i'm wrong!

RAS

GettingThingsDone wrote: »

£500 at 39.9% with minimum payment of 5%

October 2007 £500.00 £500.00 £25.00 £475.00 £16.10
November 2007 £491.10 £491.10 £24.55 £466.54 £15.30
etc until 2017

gtd

Ten years to pay off £500.

How much would the total paid be????

SarahNeedle1872

Thanks GTD, I didn't think of that!:o

RAS - he will definately NOT be paying only the minimum payment each month! :mad: Not if he ever wants a peaceful life anyway!. Once I can do the calcs, I hope to have a plan for him to pay it at a rate of at least £100pcm.

I have the card now anyway, so definately no more spends on it.... and I think he has seen the error of his way :rolleyes:

Cheers

Sarah x

GettingThingsDone

Sarah, no probs! show your OH the snowballer - it might help him understand the extent of the problem

gtd

SarahNeedle1872

GettingThingsDone wrote: »

Sarah, no probs! show your OH the snowballer - it might help him understand the extent of the problem

gtd

I hope it does... he's getting there I think - after the last 6 months or so of me nagging!:D
My favourite phrases to wind him up are 'we can't afford it' or 'we've got NO money'
I think he also began to realise things could be different when I told him I had cleared a £3.5k cc bill by selling/savings/tarting in less than a year. We even had a brief chat yesterday about what his username would be if he were to sign up here - 6 months ago he would have thrown the pc out the window at the suggestion!:eek:
I guess some people just take longer than others.

Sarah x

ZTD

SarahNeedle1872 wrote: »

I think he has seen the error of his way :rolleyes:

Was this before or after Casualty managed to extract the card from where you'd "placed" it?

SarahNeedle1872

ZTD wrote: »

Was this before or after Casualty managed to extract the card from where you'd "placed" it?

:rotfl: :rotfl: Definately AFTER

supersavershal

SarahNeedle1872 wrote: »

:rotfl: :rotfl: Definately AFTER

Im in the same position as you, only my OH has not had any kind of lightbulb moment.His mantra is "its only debt if you cant afford to pay it" , by this he means minimum payments.Iv taken his cards off him too.I hope you get this sorted I wont give up on my spendthrift OH yet.I am a very determined woman.He likes "toys" so ive given him my budget plan until christmas which if he follows will clear our 3 cc, and allow him to have a nintendo wii bought with cash.I know its like bribing a child but if it gets the cc paid I dont care.