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Twinklie returns - debt free by 2020?

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  • twinklie
    twinklie Posts: 5,176 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Finally got my Yougov payout! :j
    Reduction in daily mortgage interest since October 23 (new mortgage) - £2.36 July 25
    % of house owned/% of mortgage paid off. July 25 - 38.82%/31.66%
    MFiT-T7 #21
    MFW 2025 #2
    MF Date: Oct 37 Feb 37
  • twinklie
    twinklie Posts: 5,176 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    DH's CC - £326.33.
    My CC - £1,338.94.
    Car Loan - £8,602.
    My Loan - £125.
    DH's Phone - £194.
    My Phone - £27.


    Total debt at the start of 2020 = £10,613.27.


    So I'm hoping to essentially pay off everything except the car loan this year, which would total approximately £3,993.67 (inc. car loan payments). That would leave us with a debt of £6,619.60.


    Seems sensible to round up to an aim of paying off 4K of debt.
    Reduction in daily mortgage interest since October 23 (new mortgage) - £2.36 July 25
    % of house owned/% of mortgage paid off. July 25 - 38.82%/31.66%
    MFiT-T7 #21
    MFW 2025 #2
    MF Date: Oct 37 Feb 37
  • You got this! A little bit of discipline and focus and you'll get there :)
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