We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Working Hard Debt Diary - Here goes

1…2526283031…183

Comments

  • hypno06
    hypno06 Posts: 32,296 Forumite
    10,000 Posts Combo Breaker
    Well, my next target is HSBC at £6700......plus I have a small loan that I can't overpay on of about £1600 so that needs saving up and paying in full.....so we could have a very non competitive race to get the next couple of things paid off.....:confused:
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
  • WorkingHardDFW
    WorkingHardDFW Posts: 1,324 Forumite
    Sounds good :cool:

    You've got me thinking...........

    I've thought about trying to pay off our loan smaller loan early as well. The balance is only (:p ) £2818 with an apr of 5.8% but it doesn't finish until 6/09.

    If I saved the £400 extra each month rather than debt busting I could pay the loan off in Dec, by which time it will have reduced to c£1.7k and therefore from Jan 09 I would have an extra £287 to throw at the debts.

    .............little working of my excell spreadsheet.......

    If I did this it would mean that it would bring our DFD to 11/09 and any extra debt busting would bring this forward even more........

    Question - Can I make £1600 between now and the end of the year to pay off the loan?
    Working Hard to be Debt Free - one day :A soon
    DFW Long Hauler 74; Mortgage overpayments MFiT-2 challenger 100
    Total Nov07 £36000, Sep10 £1623:o:)
  • hypno06
    hypno06 Posts: 32,296 Forumite
    10,000 Posts Combo Breaker
    Can you make £1600 by the end of the year - of course you can - you said a few posts ago that you want to make £400 a month extra.....well, there are 4 months between now and Christmas, so a perfect challenge for you :T
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
  • WorkingHardDFW
    WorkingHardDFW Posts: 1,324 Forumite
    Yeap I know with the £400 pm challenge and with the added incentive of paying off the loan by the end of the year I am buzzing...........

    ......simple things get us DFW motivated.......

    How about you?
    Working Hard to be Debt Free - one day :A soon
    DFW Long Hauler 74; Mortgage overpayments MFiT-2 challenger 100
    Total Nov07 £36000, Sep10 £1623:o:)
  • hypno06
    hypno06 Posts: 32,296 Forumite
    10,000 Posts Combo Breaker
    Well, I have got to finish paying egg £132 to clear that one.....then will be hitting the HSBC with any extra that comes our way.....mugging old ladies, sending children down pits and the like....you know, the usual :D
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
  • WorkingHardDFW
    WorkingHardDFW Posts: 1,324 Forumite
    :rotfl: Who need scruples when it comes to debt busting :rotfl:

    I fear my kids will have empty bedrooms when they get back from my in laws next week:D . Ebay here I come.......
    Working Hard to be Debt Free - one day :A soon
    DFW Long Hauler 74; Mortgage overpayments MFiT-2 challenger 100
    Total Nov07 £36000, Sep10 £1623:o:)
  • hypno06
    hypno06 Posts: 32,296 Forumite
    10,000 Posts Combo Breaker
    see........simple :D
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
  • WorkingHardDFW
    WorkingHardDFW Posts: 1,324 Forumite
    Almost as easy as getting into debt in the first place !? :cool:
    Working Hard to be Debt Free - one day :A soon
    DFW Long Hauler 74; Mortgage overpayments MFiT-2 challenger 100
    Total Nov07 £36000, Sep10 £1623:o:)
  • hypno06
    hypno06 Posts: 32,296 Forumite
    10,000 Posts Combo Breaker
    ah now, if it was THAT easy, I would have been debt free 8 years ago!!
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
  • WorkingHardDFW
    WorkingHardDFW Posts: 1,324 Forumite
    Yeap me too although I did say almost as easy :grin:
    Working Hard to be Debt Free - one day :A soon
    DFW Long Hauler 74; Mortgage overpayments MFiT-2 challenger 100
    Total Nov07 £36000, Sep10 £1623:o:)
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture