Debt Update 2 - November 2019

Debt Update 2 - November 2019

  1. Natwest Credit Card 1 (£5000)  - Was £2340 - Now £2275
  2. Natwest Credit Card 2 (£5000)  - Was £1900 - Now £1800
  3. Barcleycard Credit Card (£10,000) - Was £5100 - Now £4935
  4. HSBC Overdraft  (£1150) - Was £850 - Still £850   
  5. Natwest Overdraft 1 (£200) - Was £200 - Still £200 
  6. Natwest Overdraft 2 (£500) - Was £500 - Still £500 
  7. Very Catalogue (£540) - Was £296.81 - Now £200
  8. Loan (£3000) - Was £2887.75 - Now £2693.56
  9. Capital One 1 (£1000) - Was £602.79 - Now £538.76
  10. Capital One 2 (£1000) - Was £39.47- Now £86.44
  11. Sunny Loan (£250) - Was £206.40 - Now £0   
Total Was £14629.07 - Now £14080.76 - Reduction of £548.31(3.13%)
Percentage paid off from original total of £27,000 - 47.85%
Percentage of Octobers Salary paid off of debt - 15.29%
Actual Payments made - £1115.24 (31% of salary)
Interest and re-spending - £567.23 - £325.26 was actual spending and a small amount of interest on the credit cards, the rest £241.97 was interest on my loan which is pretty disgusting and I am really regretting taking it out now :( 

So essentially looking at that 15% of our salary is wasted in the debt cycle, must try harder next month, which will be difficult with Christmas! 

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