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Debt Diet Savings

Date: Tue, 01/30/2007 - 04:52

Submitted by anonymous
on Tue, 01/30/2007 - 04:52

Posts: 202330 Credits: [Donate]

Total Replies: 6


Hi there,

I'm not heavily in debt and I have a 'positive net worth' I'm just trying to balance my savings and my loan payments according to the debt diet.

I have a monthly income of £2038 after pension and taxes and things and I currently put £160 into savings for a 6 month round the world trip that I plan to take in 3 years. £50 towards other holidays but only £50 into long-term savings. Do my savings for trips and holidays count as part of by 10% savings or should this kind of expenditure come out of the 25% 'everything else' category.

I'm just trying to keep everything in balance. Have enough money to live well and travel and still be responsible about my debt and my future.


I'm not in debt anymore, either. Should I leave? Too bad.

Actually this could be a positive thing to discuss. Many people here are setting up a savings now that they're getting things paid off and actually have the money to do so this year.

And Dbaker--I agree that our resident mathmetician would be awesome at this. :)


lrhall41

Submitted by Jessi on Tue, 01/30/2007 - 15:04

( Posts: 3361 | Credits: )


I have worked my way out of all debt too-well except for the LVNV thing- and I am still gonna be here!! I think it's important for people to see that there is hope, and it can be done. Also, it's important when you can finally start saving for an emergency, so you don't have to fall back on cc or pdls..Just my 2 cents!!..KAren


lrhall41

Submitted by Bossy4455 on Tue, 01/30/2007 - 18:24

( Posts: 5854 | Credits: )