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What helps you get out of debt?
camz2017
Posts: 347 Forumite
Quick question - I have been doing a bit of reading around, but what things do you guys think helped you the most get out of debt? Is it surveys, coupons, refinancing etc?
Check out my diary if you want, it's really me being way too honest about my life, often in ways I don't even like myself. Prob more a life blog than my debt diary:
https://forums.moneysavingexpert.com/discussion/5732123
Hoping to get some habits of my own going! All help appreciated.
Check out my diary if you want, it's really me being way too honest about my life, often in ways I don't even like myself. Prob more a life blog than my debt diary:
https://forums.moneysavingexpert.com/discussion/5732123
Hoping to get some habits of my own going! All help appreciated.
BC 0/15305.83 MBNA: 0/11231.16 TESCO 0/822.87 LOAN 0/4272.67
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What do i think the way is ?
Don't spend more than i earn.0 -
Compelling life goalDebt is a symptom, solve the problem.0
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Quick question - I have been doing a bit of reading around, but what things do you guys think helped you the most get out of debt? Is it surveys, coupons, refinancing etc?
Check out my diary if you want, it's really me being way too honest about my life, often in ways I don't even like myself. Prob more a life blog than my debt diary:
https://forums.moneysavingexpert.com/discussion/5732123
Hoping to get some habits of my own going! All help appreciated.
Budget - Work out your earnings, your expenditure and your owings. The start of the recovery for us was when I did exactly that. Yes, the DMP helped in terms of taking the heat off, but it wasn't until I exited the DMP and set up direct payments that I saw the debit reduce. 11 months from now we will be debt-free but that process only started when I set everything out in a spreadsheet to understand my true positionAugust 2011 - Total Debts - £47,352.12
November 2018 - Total Debts - £0:beer:0 -
Budgeting, saving and dont overspend. Refinancing wont help. Surveys and coupons might but are time consuming.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
Save £12k in 2026 Challenge £12000/£9500
365 day 1p Challenge 2026 £667.95/£374.01
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php0 -
budgeting, keeping bills and spendable money separate. Only spending available money even if it means eating spaghetti on toast for a couple of days.Paid off the last of my unsecured debts in 2016. Then saved up and bought a property. Current aim is to pay off my mortgage as early as possible. Currently over paying every month. Mortgage due to be paid off in 2036 hoping to get it paid off much earlier. Set up my own bespoke spreadsheet to manage my money.0
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budgeting has been working for me, lots of NSD's and hunting for discount/vouchers when you do need to spend. Homemade lunches and coffees in work. Resist the urge to spend by having all the food you need with you.0
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Budgeting as well! I use YNAB and last year whilst my debt didn't go down, it didn't go up for the first year in ages. This year is now the year my debt will go down, by actually sticking to my budget.
Also earning extra money by doing extra work and using Quidco0 -
This has made me feel good thanks guys, I already use YNAB and have done religiously since September when I had my LBM. It gives me way too much pleasure seeing my YNAB numbers reflect exactly my bank accounts and every penny being given a job somewhere.
I have taken the route of budget for everything and bide the time. I have not spent too much time on these surveys etc as people often discuss which was my underlying question I guess, e.g. how much value vs time am I getting from that and my gut seems to be right, ie time consuming not a tonne of value.
I love the idea of having all the food you need with you - something I am real bad at. So my goal is to try and always have food ready and prepared
It'll take me a while to get debt free but I will get there!!BC 0/15305.83 MBNA: 0/11231.16 TESCO 0/822.87 LOAN 0/4272.670 -
Budgeting & joining quite few of the debt free challenges here. Updating my spreadsheet & posting my progress here helps a lot.0
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What helps you get out of debt ?
Individual voluntary arrangement.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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