Pay ALL your debt off by Xmas 2017

1…9899101103104…201

Comments

  • swimminginaseaofdebt
    swimminginaseaofdebt Posts: 942 Forumite
    First Anniversary First Post
    Evening everyone,

    #150 checking in with an updated total of £1021.27/£3729.05.
    VSPC 2019 #10 - £168.80/£100 VSPC 2020 #4 - £262.03/£200 VSPC 2021 #9 - £242.88/£200 VSPC 2022 #3 - £188.03/£200 VSPC 2023 #7 - £0/£200
  • kirtsypoos
    kirtsypoos Posts: 3,824 Forumite
    First Anniversary First Post Combo Breaker Cashback Cashier
    Evening all!

    #006 checking in with £2280.10/£10000 please muppets :D
    :j PAID VERY, Barclaycard x3, Vanquis, Natwest, O/D, Tesco & MBNA x2 PAID :j LBM 24/07/15 - Original Debt: £0/31010.23 (100% paid) :eek:
    Mortgage - £151.316.54 :eek:
  • Glittery_2
    Glittery_2 Posts: 139 Forumite
    Blackberrycurved wrote: »
    Thanks Glittery but you need a certain amount to live don't you? Food, bills, things break and need fixing so you can not spend but you still need an amount to live and that's how I end up borrowing because I can't actually pay everything without. Will keep trying though

    Are you struggling to just pay the bills ?
    If so, maybe stop paying your debt down (temporarily), get up to date with your Utilites/Rent/Mortgage etc
    Then when you're sorted, get a little emergency fund in place...so when things break and need fixing it is not a struggle.
    Then start again on the debt pay down once you are in a more secure place.

    No shame in halting debt pay down for a minute.

    Big hugs to you
    2017 [STRIKE]48000[/STRIKE]
    2018 [STRIKE]25900 [/STRIKE]
    2019[STRIKE]11950 [/STRIKE]to pay off
    £[STRIKE]4400[/STRIKE] to pay off !
    DEBT FREE :)
  • Blackberrycurved
    Blackberrycurved Posts: 402 Forumite
    First Anniversary Name Dropper First Post
    It's good advice glittery I suppose I keep thinking if I can get the debts down I'll be £200 a month better off. I only earn about 10k so it's tough
    DF by 2023 No 17 £1,644 /£6000 Total debt £18,000 at the start of DFW Journey. 201814TH JULY 2021 DEBT FREE now in control365 1p challenge No 49
  • muppets
    muppets Posts: 1,476 Forumite
    Name Dropper First Post First Anniversary Debt-free and Proud!
    xbethanyx wrote: »
    Hi!
    I know I'm a bit late, but please could I still join? I have been trying to sort myself out this year and I'm determined to do pay it all off by my 30th birthday which is end of the year so this would tie in great and hold me accountable!
    I've paid a fair chunk off this year so far, but my current official balance as of today is £7,126.98.
    Thanks :)
    Morning xbethanyx and welcome. You are # 143
    PAYDBX 2020 - #01 Pd £15,029.29 / £13,140.66 - 114% 🎉

    MFiT-T5 #36
    3-6 mth EF #5     €2,445 / 11,100
    Mortgage - PD 126,846.35/ 271,495.07 46.72%[ MF was Aug 2038 now Sept 2035 😲
  • muppets
    muppets Posts: 1,476 Forumite
    Name Dropper First Post First Anniversary Debt-free and Proud!
    Glittery wrote: »
    Are you struggling to just pay the bills ?
    If so, maybe stop paying your debt down (temporarily), get up to date with your Utilites/Rent/Mortgage etc
    Then when you're sorted, get a little emergency fund in place...so when things break and need fixing it is not a struggle.
    Then start again on the debt pay down once you are in a more secure place.

    No shame in halting debt pay down for a minute.

    Big hugs to you
    Blackberrycurved wrote: »
    It's good advice glittery I suppose I keep thinking if I can get the debts down I'll be £200 a month better off. I only earn about 10k so it's tough


    I Agree with Glittery.

    I listen to Dave Ramsey, he is a bit full on sometimes, but he does these things called the baby steps.
    Before you begin you need to make sure you are current on Utilites/Rent/Mortgage etc.
    Look after the 4 walls, Food, electric/gas, rent/mortgage and fuel/ car payment/insurance(if you pay monthly)

    Then Step 1 save an emergency fund of $1000 (I think this is too much but save a small amount that makes you feel comfortable)

    Step 2 pay down any spare money at the debts.

    Step 3 3-6 months emergency fund.

    There are more steps but they come after.
    PAYDBX 2020 - #01 Pd £15,029.29 / £13,140.66 - 114% 🎉

    MFiT-T5 #36
    3-6 mth EF #5     €2,445 / 11,100
    Mortgage - PD 126,846.35/ 271,495.07 46.72%[ MF was Aug 2038 now Sept 2035 😲
  • muppets
    muppets Posts: 1,476 Forumite
    Name Dropper First Post First Anniversary Debt-free and Proud!
    Front page has been updated.

    Everyone is doing a fab job paying down their debts. No matter how big or small the payments, just remember you ARE getting closer to debt freedom.

    I do subscribe to some of your threads (I don't always post) but I do read the struggles and strains some of you go through. Every payment post I see puts a smile on my face. :):)
    PAYDBX 2020 - #01 Pd £15,029.29 / £13,140.66 - 114% 🎉

    MFiT-T5 #36
    3-6 mth EF #5     €2,445 / 11,100
    Mortgage - PD 126,846.35/ 271,495.07 46.72%[ MF was Aug 2038 now Sept 2035 😲
  • parsniphead
    parsniphead Posts: 2,897 Forumite
    First Anniversary First Post
    Blackberrycurved wrote: »
    It's good advice glittery I suppose I keep thinking if I can get the debts down I'll be £200 a month better off. I only earn about 10k so it's tough

    Its very hard blackberry curved when you earn a low amount. Im on £9600 at the moment and do get down paying off small amount.......but.......we have less debt this month than last.

    Try to keep positive.
    1 debt v's 100 days chapter 34: T3sco bank CC £250/£525.24 47.59%

    [STRIKE]MBNA - [/STRIKE]GONE, [STRIKE]CAP ONE[/STRIKE] GONE, [STRIKE]YORKS BANK [/STRIKE]GONE, [STRIKE]VANQUIS[/STRIKE] GONE [STRIKE] TESCO - [/STRIKE], GONE
    TSB CARD, TSB LOAN, LLOYDS. FIVE DOWN, THREE TO GO.
  • dktreesea
    dktreesea Posts: 5,736 Forumite
    muppets wrote: »
    Front page has been updated.

    Everyone is doing a fab job paying down their debts. No matter how big or small the payments, just remember you ARE getting closer to debt freedom.

    I do subscribe to some of your threads (I don't always post) but I do read the struggles and strains some of you go through. Every payment post I see puts a smile on my face. :):)


    Wish I could thank this 100 times instead of just the once. :)
  • Glittery_2
    Glittery_2 Posts: 139 Forumite
    edited 19 March 2017 at 7:21PM
    Blackberrycurved wrote: »
    It's good advice glittery I suppose I keep thinking if I can get the debts down I'll be £200 a month better off. I only earn about 10k so it's tough

    Totally understand.
    Not sure if you saw me in any other challenges, but I have been trying to pay my debt down a couple of years. Started off with 7kish and then this time 12,800 :(
    There was always some disaster that meant I ended up borrowing more, car crashed (no insurance pay out), lost my job twice, vets bills, and was also on a low income for a good two years.

    Before I came back onto this challenge I scrapped together £500 to put into a savings account (that was tough, I'm a natural spender not saver).
    Funnily enough since having that buffer, nothing has gone wrong.
    It's like the law of sod, if you don't have it, something always goes blimming wrong.

    Anyway, I don't mean to ramble on and make it about myself.
    Just trying to tell you that it's not hopeless, and you will be able to do this.
    2017 [STRIKE]48000[/STRIKE]
    2018 [STRIKE]25900 [/STRIKE]
    2019[STRIKE]11950 [/STRIKE]to pay off
    £[STRIKE]4400[/STRIKE] to pay off !
    DEBT FREE :)
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.6K Spending & Discounts
  • 235.1K Work, Benefits & Business
  • 607.8K Mortgages, Homes & Bills
  • 173K Life & Family
  • 247.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards