Jenna's Debt-Free by May 2009 Diary

hideous_kinky

I've seen other people do this and I thought it's about time I did the same! I've had university debts for 5 years now and have only managed to pay off £2,000 or so. That's pretty terrible. So now I plan to pay my credit cards and loan off in a year! I also have an overdraft of £3000 but that's too much to think about right now, I'll tackle that in May 2009 . These long term plans can be a bit over-whelming and I tend to give up so hopefully writing this will deter me!

I owe £2740 and I can afford to pay off £265 a month if I really tighten my belt. I've used the Snowball Debt Calculator hxxp://www.whatsthecost.com/snowball.aspx which has helped me prioritise what I pay off and save money on interest. Going by this my debts should be payed off as follows:

Barclays Loan - Owe £150 (£32 a month) - October 08
Barclaycard - Owe £1090 (£203 a month) - November 08
Egg Card - Owe £1500 (Min until others paid off then £265) - May 09


So I have joined the free bingo clubs, registered for mystery shopping and use pigsback. This weekend I'm joining Quidco. Any other ideas that might help me better the above or at least save for some treats over the next year?!

Even if no-one answers me it feels good to have written this down. Must keep to it...

jak

Hey hun, you are doing the right thing! It's always bettter to have a plan! Post your SOA so people can advise where to cut back!
Good luck
J
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