Countdown to becoming debtfree.....in 2 months.....

themaccas · 30 January 2008 at 6:40PM

When I look at the original debt figure now I can't believe we bought so much utter crap and useless stuff!!:rotfl: Week after week we'd go shopping and come home with bags of stuff that we actually thought we needed:rolleyes: , handing over the credit card and debit card to pay was like playing russian roulette, we'd never know if it would be rejected. I never want to go back there again.:o

Don't get me wrong we are VERY pleased to be paying it off and never thought we would actually do it so quickly. It's been quite a lesson though and it's not been easy no matter how it looks. When I pay the final payment, I'm going to go and have a drink, no matter what the time of day:rotfl:

Mozette · 30 January 2008 at 7:12PM

Just.... WOW!!!....Amazing
Good for you!

kizzykizzywizzy · 30 January 2008 at 7:34PM

Well done, you've done briliantly.
I'm so desperate to be where you are now!!
Keep going you are within an inch of achieving your goal:j

themaccas · 1 February 2008 at 11:11AM

Well nothing much to report at the moment debt wise. OH has been paid and we have £1200 to either put towards the debt or put into the savings pot towards our holiday fund. I could do half and half but don't really see much point as I have paid the minimum cc payments so our debt has actually reduced by £150. Would love to see the debt halve but I think the holiday fund will win the day that way we'll be half way to that total and I won't feel so stressed about it.

Gemmzie · 1 February 2008 at 11:36AM

I'd pay off the first national and save the rest, the other two are 0% anyway

Huge congrats for getting there too

mummum2 · 1 February 2008 at 11:48AM

MHO agree with Gemmzie, pay off FN and put rest towards holiday fund.

Verbatim · 1 February 2008 at 12:00PM

Well done. It's great that you're so close to being debt free now.

themaccas · 1 February 2008 at 1:24PM

Hi thanks, actually First National is also 0%, we took it out pre LBM over 4 years to buy some sofas, it has 4 months left to run - feels like we have had it forever!

I miscalcualted our savings and actually have £1705 because I have a SO from our bills account account the day after I get paid for £500. My salary goes into a seperate account and covers all the bills including mortgage and childcare and there is usually £500 left after all this has been paid which goes direct to our savings acc. OH's pay just goes towards our monthly budget - food/petrol/spends and we strictly budget this, that way we have around £1200 left from his salary to go towards debt repayments/savings/school fees. So I have decided that this month I will transfer the £1200 to holiday savings, that means we will have £2905 in the pot, nearly half way there, next month we'll concentrate on clearing the remaining debt.