Ooh, that's interesting...
Mar. 31st, 2005 07:09 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
dennyOne of the figures from the latest round of threatening letters from various credit card and loan companies had obviously been jumping around in the back of my head trying to get my attention - which it finally managed as I was walking home from work today. It suddenly occurred to me that over the last few years, difficult though they have been, I have nonetheless paid off a substantial amount of my largest loan.
Similar though less dramatic reductions apply to a few of my other debts... which means that the total sum of them is not quite as astoundingly high has I had thought. In fact, according to the calculations I've just made, the equity in my house won't leave me with about £10,000 to pay off from my debt mountain... it will clear it entirely, and possibly leave me with something like £3000 of spending money.
So that was nice.
My intention is to leave my £5000 or so of student loans outstanding, and continue to pay them off at a relatively sedate pace, which means that I should be able to clear all my other debts and still have something like £8000 (!) of disposable (!!) cash. So that'll pay for the car then :)
I think I might need to go for a lie down...
Update:
D'oh, there's always something :) I have to pay my dad back some money (he loaned me the deposit when I bought the house), I forgot a large-ish web-hosting bill, and of course there will be some legal fees sucked off from the house sale before I get my take. Oh well. I still come out of this £10k better than I thought I would, which is still a nice thing to realise :)
Similar though less dramatic reductions apply to a few of my other debts... which means that the total sum of them is not quite as astoundingly high has I had thought. In fact, according to the calculations I've just made, the equity in my house won't leave me with about £10,000 to pay off from my debt mountain... it will clear it entirely, and possibly leave me with something like £3000 of spending money.
So that was nice.
My intention is to leave my £5000 or so of student loans outstanding, and continue to pay them off at a relatively sedate pace, which means that I should be able to clear all my other debts and still have something like £8000 (!) of disposable (!!) cash. So that'll pay for the car then :)
I think I might need to go for a lie down...
Update:
D'oh, there's always something :) I have to pay my dad back some money (he loaned me the deposit when I bought the house), I forgot a large-ish web-hosting bill, and of course there will be some legal fees sucked off from the house sale before I get my take. Oh well. I still come out of this £10k better than I thought I would, which is still a nice thing to realise :)
![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png){kind=small}
(no subject)
Date: 2005-03-31 06:26 pm (UTC)(no subject)
Date: 2005-03-31 06:35 pm (UTC)Glad to hear you're in a reasonable position :)
(no subject)
Date: 2005-03-31 06:39 pm (UTC)(no subject)
Date: 2005-03-31 06:41 pm (UTC)(no subject)
Date: 2005-03-31 06:36 pm (UTC)(no subject)
Date: 2005-03-31 06:40 pm (UTC)The car, that is.
(no subject)
Date: 2005-03-31 07:06 pm (UTC)(no subject)
Date: 2005-03-31 10:44 pm (UTC)