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My Snowball Diary
steveuk7979
Posts: 9 Forumite
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
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
0
Comments
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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!steveuk7979 said:Hoping this helps. Looking to pay off all my debts before I reach 50Signiture dated 23/09/2025
3-month emergency fund (Cash ISA and PBonds): £5,382/ + £1,500 = £6,882 /£7,500 (Target 1)
Stocks and shares ISA: £2,232.94
Additional pension contributions £0 (target £450pcm)
Overpayment on mortgage: 1% at a time (£1,518)
Big Renno...and appliances. Front of the house, fridge freezer, dishwasher and washing machine)0
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