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Crunchy pays off the loan early, and other stories

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Comments

  • It's still a big difference and if you keep up at same pace you'd get to be debt free in couple years. I know it seems a long way off but you will get there 
    *Dad loan - £5300 - £7200
    *Virgin Credit Card - £3552.50 - £0
    *Natwest - £1828.35 -£0.00

    Barclaycard - £2315.25 - £0.00

    Creation Finance - £960.32 £840
    *Total debt - £8040/£11641.17*


    Savings
    *Savings Buffer - £100/£1500
    *Emergency Fund - £1500/£1500


    New diary- https://forums.moneysavingexpert.com/discussion/6474943/the-three-cs-coffee-clothes-credit-cards/
  • crunchy_time
    crunchy_time Posts: 520 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    edited 14 November 2020 at 4:30PM
    Afternoon all!
    I’ve decided I want this £8500 of consumer debt paid off by the end of 2021 when I will be 40!

    Just slushed another £11 at the husbands loan that was left over in my account from cancelling a direct debit.

    I get paid on Thursday and will get the tax I over paid at the beginning of the year so will then slush £600 towards husbands loan.

    Hope everyone is bearing up well in lockdown! 

    Crunchy xx
    Debt-free Jan 2023 | MFW date Dec 2033. Start date 1st January 2023 £257,509 (23 years left)
    Current Mortgage: £235,698
    Emergency Fund = £8,256 Target £10,000
    Currently paying off CC £1204 - Saved £100 so far


  • That's what about £650 a month on average. How much are you managing at the moment? 
    *Dad loan - £5300 - £7200
    *Virgin Credit Card - £3552.50 - £0
    *Natwest - £1828.35 -£0.00

    Barclaycard - £2315.25 - £0.00

    Creation Finance - £960.32 £840
    *Total debt - £8040/£11641.17*


    Savings
    *Savings Buffer - £100/£1500
    *Emergency Fund - £1500/£1500


    New diary- https://forums.moneysavingexpert.com/discussion/6474943/the-three-cs-coffee-clothes-credit-cards/
  • That's what about £650 a month on average. How much are you managing at the moment? 
    We pay £356 on one loan and £182 on the other so £538 but in the new year I am going to round it up to £400 and £200 so £600. So it's more than doable.  
    We have £125 left in the food budget till the end of the month that, fingers crossed, will be enough.
    Debt-free Jan 2023 | MFW date Dec 2033. Start date 1st January 2023 £257,509 (23 years left)
    Current Mortgage: £235,698
    Emergency Fund = £8,256 Target £10,000
    Currently paying off CC £1204 - Saved £100 so far


  • That's good sounds like you will get there in the end! 
    *Dad loan - £5300 - £7200
    *Virgin Credit Card - £3552.50 - £0
    *Natwest - £1828.35 -£0.00

    Barclaycard - £2315.25 - £0.00

    Creation Finance - £960.32 £840
    *Total debt - £8040/£11641.17*


    Savings
    *Savings Buffer - £100/£1500
    *Emergency Fund - £1500/£1500


    New diary- https://forums.moneysavingexpert.com/discussion/6474943/the-three-cs-coffee-clothes-credit-cards/
  • Hi Crunchy l am aiming for end of 2021 to have the loan in my sig clear. There is another loan but it's a part of the mortgage account..will cross that bridge in Jan 2022. Race you to the bottom? In a nice friendly way of course 🙂
  • Hi Crunchy l am aiming for end of 2021 to have the loan in my sig clear. There is another loan but it's a part of the mortgage account..will cross that bridge in Jan 2022. Race you to the bottom? In a nice friendly way of course 🙂
    Challenge accepted!!!x
    Debt-free Jan 2023 | MFW date Dec 2033. Start date 1st January 2023 £257,509 (23 years left)
    Current Mortgage: £235,698
    Emergency Fund = £8,256 Target £10,000
    Currently paying off CC £1204 - Saved £100 so far


  • Hi Crunchy l am aiming for end of 2021 to have the loan in my sig clear. There is another loan but it's a part of the mortgage account..will cross that bridge in Jan 2022. Race you to the bottom? In a nice friendly way of course 🙂
    Challenge accepted!!!x
    I'm aiming for end of 2021 for my credit cards as well 🙏
    *Dad loan - £5300 - £7200
    *Virgin Credit Card - £3552.50 - £0
    *Natwest - £1828.35 -£0.00

    Barclaycard - £2315.25 - £0.00

    Creation Finance - £960.32 £840
    *Total debt - £8040/£11641.17*


    Savings
    *Savings Buffer - £100/£1500
    *Emergency Fund - £1500/£1500


    New diary- https://forums.moneysavingexpert.com/discussion/6474943/the-three-cs-coffee-clothes-credit-cards/
  • Evening all!
    Currently having a break from my assignment. Finding this own hard. I still have 1000 words to write and it’s due on Tuesday. I shall go for a run tomorrow and then focus hard on it all morning. And I want to do a masters!!!! I blow my own mind sometimes!
    The kettle blew up today so that is something I must start to shop around for. It lasted 6 years so its had some good innings.  I shall try and keep husband in check for a reasonable priced one.
    I really should start my Christmas shopping but I seem to have lost all enthusiasm! Maybe that can be my treat after I have finished this assignment!
    Right, better get back to it, it’s not going to write itself!
    Crunchy xx
    Debt-free Jan 2023 | MFW date Dec 2033. Start date 1st January 2023 £257,509 (23 years left)
    Current Mortgage: £235,698
    Emergency Fund = £8,256 Target £10,000
    Currently paying off CC £1204 - Saved £100 so far


  • Join in @Sarahwithlove 😀 we will be each others' debt free cheerleaders without the side of beatch 😂
    Good luck with the assignment Crunchy! 
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