Thursday, 2 June 2011
Ten year plan
If anyone has previously read my other blog, then they will know that I have recently talked about our 10 year plan to clear all our personal debt. The idea is to clear the overdraft, credit cards and my debt managment plan (DMP) within the next 10 years, although it will be more like 8 years. The idea was to start by clearing the overdraft on an account of Beloved's which is no longer in use. Well, I have to report that when we were paid last week, we paid off half the overdraft and by next month, this will be gone. One debt will be gone, we then start snowballing on the credit cards. I'm feeling very positive about this and I know that in the past, on my other blog, I was always moaning and being negative, well this is an attempt to stay positive about the debt and our finances and not let it control and run my life.