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Playing with Numbers

August 28th, 2015 at 12:17 am

It's been a while since I've taken a proper good look at my debt. Ugh. I hate it. I spent a while earlier working out some numbers.

Four paydays until my massive bnpl item from last year will be added. I keep on paying 200 each pay to my actual bill, so it will be 800 less by then.

111 left to pay of J's cot and mattress. I have until April to pay this.

Last week I just paid the minimum to BoS. I checked my budget this morning and I had budgeted 90, so I sent an extra 42 to make it up.

I set up faster payment via my bank for the new credit card. If I paid 106.30 every month I would have it paid off in 26 months. Nothing has been put to it yet.

21 months left to payoff Tesco credit card before the interest-free period is up. Balance now is 1555. I'd have to pay 74.04 to get it paid off by then.

I would love to pay it all off, obviously. I need to find a way to pay extra to the 0% cards so I'm not carrying that debt over when it ends.

The catalogue is the biggest problem though. If I wasn't paying that I'd have extra to pay to the credit cards. Also, I still have to get rid of the remaining BOS balance.

Right now I pay 300 each pay to debt, roughly.

Catalogue: 200 + 15 bnpl payment
BoS: 70 (although 90 this pay)
Tesco: 30 (35 today though)

I need to add Nationwide's credit card payment on to this too.

Hmm. I didn't actually solve anything.

5 Responses to “Playing with Numbers”

  1. wheelchairindia Says:

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  2. VS_ozgirl Says:

    Sometimes everything seems depressing and like it will never end. When this happens (like now), remind yourself of how far you've already come. I don't know how much debt you've paid off (I can only see BNPL) but you are 274 better off than before- think of the tortoise and the hare, who won the race? One day it will finally be over.

  3. creditcardfree Says:

    By moving the debt to the 0% card you did address some of the interest being charged on your debt. That is a good thing!! It still is a lot of debt, and it still will take time to pay off. Keep moving forward. It will get better if you keep working on it.

  4. ceejay74 Says:

    I still would pay the minimums on your 0% balances and work on ridding yourself of the catalogue debt. Chances are you'll be able to take advantage of another 0% transfer once those CC rates go up. Right now that debt is costing you nothing while the catalogue debts are eating away your income. (Now that I know what they are, they make my blood boil.)

  5. FrugalTexan75 Says:

    You have been making so much progress. It may feel very slow moving at times, but every step forward, no matter how small, gets you that much closer to the goal. Keep on keeping on friend!

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