Wednesday, 7 March 2012
Debt management review
Well, I've just completed my yearly review of my debt management plan. I'm pleased to report that I have been able to increase my monthly repayment and at this moment, I will be debt free in 10 years. As I wanted to, I have been able to get the term down to 10 years. This is a real achievement, I'm very happy. There is a chink of light at the end of the tunnel now and there will now be another year of paying off debt with a view to reducing the term again next year. At least, I will be debt free at the latest by the time I'm 51, hopefully a lot sooner. We can then think about savings, the mortgage and of course pensions - yes they still play on my mind, but today was a good result.