Day of days- clearing my debt!!!

headinthesand_3

thanks

I think she plans to at least start off the first few months breast feeding then when she goes back to work we will prob go to bottle

headinthesand_3

Decided to start comping

I will of course use and cash wins to pay off debts and any items will go on ebay and then that money will be thrown at my debts!!!

headinthesand_3

just entered about 20 comps!

fingers crossed!!!!

headinthesand_3

Decided to kick myself up the a**e

I rang Natwest to get a settlement figure on my loan and it came out at £21135.25! which is a lot but less than £24975.76 in fact its £3840.51 less!

So here is a question am I £3840.51 better off? or is that just wishful thinking?

Obviously that only counts if I pay it off now but it still makes me feel better!!!

headinthesand_3

Just snowballed again!

Credit card clear by March 2010!!
Total debt free is August 2013!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

headinthesand_3

but just worked out if after cc are cleared, and this is a big IF I continue to save the amount I pay off my credit cards I will save £12000 over the remaining loan period,

So I could be Debt free and have £12000 in the bank in 2013!!! Very wishful thinking!! but better than a kick in the b*****ks

headinthesand_3

If I transfer Egg to lifetime balance card I can drop CCDFD to JAN 2010!!!!!

headinthesand_3

Just done some more figures

Wage: £23400 net

loan: £4464 a year

Maintance: £5400 a year ( 450 month)

Which leaves: £13536 to live on (1128 a month )

If I pay off my credit cards in a year

CC total £7485 ( £623 a month )

Which leaves : £6051 left over to live on ( £504.25 a month)

Is this really possible? Can I pay for everything and be credit card free in a year??

I know alot of people think it will be easy to do and there are people doing the £4000 a year challenge, but honestly how realistic is it?

headinthesand_3

Hopefully only got to buy milk today!

other than that should be a NSD

He's a question, would it in the long run be cheaper to buy a cow?? I wonder what the saving would be? Would it be like solar panels which apparently pay for themselves in 10 years

headinthesand_3

Finally got my expenses from work so got paid £2565 this month!!! So an extra £300 off my cards!!

Also April challenge of riding my bike everywhere this month, except when I pick my kids up for the weekend ( 160 mile round trip, twice!!!) Shouldn't be too hard, and I have already filled up with petrol so should have no petrol to buy in April!!!!!