We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Question About The Snowball Website

Hi,

Just a quick question about the whatsthecost website and the snowball tool thing.

Does anyone know, if I pay more off my debts in a month than I initially entered into the snowball, i.e. I said I would pay £500 but I have paid £700 off in total, does the DFD come down automatically or do I have to re-snowball ?

I hope this makes sense ?
Debt @ LBM 07/01/08 £53669.61 Current Debt £42657.83
Long Hauler # 94

Comments

  • It will change it automatically. For example, I paid an extra £250 off a credit card last month and my DFD came down by a month.
    Second and final LBM 01/01/11 Nearly got there but fell of wagon. HAVE to do it this time :mad:
  • Kaz2904
    Kaz2904 Posts: 5,797 Forumite
    1,000 Posts Combo Breaker Mortgage-free Glee!
    That's the great thing about it actually because every month you get a pretty accurate picture of where you stand and how long you have left to go.
    Mine's being going since April 2006 and happily adjusts itself monthly. I love looking at it and seeing the progress I've made over this time!
    Debt: 16/04/2007:TOTAL DEBT [strike]£92727.75[/strike] £49395.47:eek: :eek: :eek: £43332.28 repaid 100.77% of £43000 target.
    MFiT T2: Debt [STRIKE]£52856.59[/STRIKE] £6316.14 £46540.45 repaid 101.17% of £46000 target.
    2013 Target: completely clear my [STRIKE]£6316.14[/STRIKE] £0 mortgage debt. £6316.14 100% repaid.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247.1K Work, Benefits & Business
  • 603.7K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.