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Hoping this helps. Looking to pay off all my debts before I reach 50

All my accounts are set up on token payments with no interest or charges being incurred so will be hoping to make the token payments each week and if I can afford it paying extra too

I am 50 in 480 weeks so have worked out I need to pay £23.04 each week to clear my debt balance of £11,059.20

Below are debts and token payment amounts set. These are weekly

ROBWAY £2860 (£4 A WEEK)
MOOR O2 £1473 (£2 a week)
Moor 118118 £3100 (£2 a week)
Savvy £460 (£1 a week)
Lowell £2580 (£3 a week)
Likely £586.20 (£10.63 a fortnight, debt company pay 20% every time I pay)
Total minimum £17.32 a week


Comments

  • DrCarrie
    DrCarrie Posts: 923 Forumite
    Ninth Anniversary 500 Posts Debt-free and Proud! Photogenic
    Hoping this helps. Looking to pay off all my debts before I reach 50
    Me too! Good luck, keep positing it is helping me. Early days foe me too. I am 50 in less months than you, but it feelslike a good traget doesn't it!
    3-month emergency fund (Cash ISA & PBs): £4744/ £6,000
    Stocks and shares ISA: £1497
    Additional pension contributions £0
    Overpayment on mortgage: £0
    Big Renno..£0
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