I want to stop drowning

wishingthemortgaheaway

debtaghh wrote: »

I feel unwell, dizzy spells , pains and generally rubbish

I had a quick look earlier and once I’ve made my payments tomorrow my shortfall will be approx £350 I think.

Booooo to illness look after yourself.

Ouch to the £350 - no chance of a 0% balance transfer?

debtaghh

Thanks.

To be honest a 0% won’t really help as a lot of them are in that already. I’m just going to try and pay as much as possible off and be frugal.

debtaghh

Morning,

I’m now full of cold/flu

I will make payments today and then update my signature! Apart from that and the washing I don’t think I’ll do much else.

debtaghh

Signature updates and payments made. Feels like I’m still so far from being debt free!

sweetpea26

Hi Debtaghh

steps out of lurkdom to say keep going...debt can be overwhelming but chipping away a bit at a time eventually works.

what about putting up a percentage paid off... or a total paid off.

It will motivate you and make you feel you are winning the battle a bit at a time.

Take good care of yourself, we cannot change the mistakes of the past but we can put new methods in place so we can achieve our goals.

debtaghh

Thanks sweetpea, I’m not really sure how to work out the percentage 🤔

System

Great idea of sweet pea . Hope you feel better soon.

enthusiasticsaver

Well done. You have paid off £4052 since October. That is 4.63% of the total debt of £87549.

debtaghh

enthusiasticsaver wrote: »

Well done. You have paid off £4052 since October. That is 4.63% of the total debt of £87549.

Thanks, how do you work it out?

enthusiasticsaver

You divide the amount paid off by the total amount of debt (starting figure) and then multiply by 100. Most calculators work it out for you but each month you will take that £87549 as your starting figure then divide by the amount repaid so next month it will be £4052 plus whatever you pay off in February. The percentage will increase by roughly 1% each month at your current repayment rate.