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I can do it: £41,000 debt in October 2023. Debt-free in March 2027?
Updated Debt-Free Plan October 2023 I updated my debt free plan to including paying off secured debt (including student loan). Now buying house in Autumn/Winter 2024, pushing back my DFD by 2 years to 2027 (was 2025). Starting debt in October 2023 Total debt: £41,265.45 -Credit cards: £12,532.70 -Loans: £11,248.18 -Student…
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Single income, AuDHD, £31k debt, no savings
I’m trying to decide what to do, between instigating the
process towards a self-managed DMP, or ‘just’ continuing to try and pay debts
each month until it is clear (likely in around 4-5 years…) I would really value the thoughts of those in this forum – I don’t have any
family to discuss this with, and live on my own (with…
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Finally taking back control after a decade of debt
Hello, Long-time lurker, first-time poster. I've had CC debt ever since moving to London after university around 9 years ago. Coming here for work on a very low wage, I quickly ate through my savings and started racking up debt on credit cards, without any real means to pay it off. Came to a bit of a head when I ended up…
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My diary of getting 'nearly debt free' by the end of 2026
Hello! We had an awful couple of years financially, genuinely due to no fault of our own (house moves falling through, ripped off by a builder, our car being written off you name it, it happened). It left us in quite a bit of debt. We are now totally settled and tackling the debt. I earn £50k a year and my husband similar.…
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Long Road To Pay Off Debt
Wanted to make a thread to hold myself accountable. Also to see if there is any way we can make savings. Took out loans and credit cards due to a wedding and debt consolidation really. Not taking out anymore credit and working off paying all this down. Thanks for reading. SOA below. Income (Me & Wife) - 4696.08 Life…
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Looking forward to be debt free - one day 🤞
Sat and worked out my debts today (excluding mortgage) and feeling sad but at the same time ready to face the truth that I need to repay £29,318.21 in total. My debts are Loan 1 - £15,738.41 Car Loan 2 - £9800 Caravan Cc - £1716.40 Sofa - £2063.40 My savings are currently £0 as had to move funds to cover this months bills…
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Three Years of Tears to Yippee I'm Debt Free!
Hello All... This week I have finally faced my debt demons and I know I have to do something about it. I am 59 years old, married and financially, to the outer world I look like I am doing well, I have a good income, I go on nice holidays, drive a nice car and live in a nice house but I have been for the last few years…
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A new chapter is ....... FINALLY HERE
So i'm sloping back in with a new diary, been missing (but still reading) for 10 months, MH took a nose dive in October, all work related and quite frankly horrid. After lots of chats with DH,crying and not really knowing what to do with my life I spoke to my manager and as of September I will be working less hours with a…
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Mummyto3boys crawls out of the mire mark 2
So it's been years. So much so my old diary is closed, shut up like a long forgotten relic. The baby I last had is almost 12 😱. I still have debts but great things have happened. Such as I have paid off our mortgage, then moved home and still have no mortgage! I haven't been in my OD for years. I have a job I adore which…
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Must try harder…again!
Well, here I am, back again! I have missed our chats, your worldly wisdom and opinions on biscuits! After losing my old dog in January I took a while to sulk, wallow in sadness and grump quietly…you know how it is 😖 Anyway we quickly cracked on the dog front and I have a 17 week German shepherd sleeping against my leg. We…
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Debt Free Diary Newbie. Post 1
No clue where to start but hoping, like others, that tracking my situation will not only hold me more accountable but help me see some progress in my thinking, spending, saving and what not! Total Debt to date 9th July 2025 Student overdraft from 2015: £1550 now at £330 Credit card from 1999:£5615 now £2068 (0% Interest on…
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Go your own way
Hi team, I'm new to the MSE forums, having joined in March to help me clear up my credit report and improve my financial intelligence post-IVA. Thought I would get a diary going to tell my tale so far and share some insight on how I'm now 'going my own way' with my money having ditched the debt. So, here's my story so…
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Switching stories
Hi all, new to forums so not sure if this is the right place but I'd really appreciate some guidance on how to fix situation. Last month I decided to take control of finances and applied for and received a new credit card with 0% to pay off old HSBC credit card debt. All went well EXCEPT that after the balance had been…
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Taking Action ...
Not sure if this is the best place to post but will go for it. I'm struggling at the moment financially/ debt....Thinking I could pay that off from wages at the end of November , life has thrown another curveball ball in that I'm now facing redundancy .. I'm trying not to feel overwhelmed but its hard ...I I've done a SOA…
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I will have two credit card balances with debt left come February, what should I do?
Hello, I am on a debt free journey and I'm feeling very positive with one of my credit cards set to be paid off by the start of 2026. I will then have one card with approximately £900 (a balance transfer with the 0% period ending in March 2026) and another card with £1242 (with a 0% period that ends in June 2027). I was…
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Moved: Default notice help
This discussion has been moved.
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Debt, Diet and Decluttering - The Lifetime Diary
Does anyone else get the urge to sort every single issue in their life at the same time, get totally overwhelmed then bury their head in the sand or is that just me? I can't just focus on one thing at a time, my brain will not allow it so here I am again tackling the following; * Pay off £7,450.68 - Lloyds CC * Pay off…
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Countdown to Part Time…
I’ve been inspired by your diaries so decided to start my own. Firstly, I am going to say I know I’m in a privileged position of having paid off my mortgage and that although I’m in debt, my financial position is really quite sound. BUT I am bad at living within my means and I allow credit card debt to rack up, then take a…
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My debt free diet
I am writing this while i am work so i have things clear and i know why i need to do this i work in a toxic atmosphere and toxic workplace with a director who is always on my back about the most mundane things. It is getting me down and the only way i can see out of this is to become debt free and then i will have more…
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Fresh Start At Fox Towers.
(shiny new diary and the title makes me feel like I am in an Enid Blyton book) For those of you who are new, and those who are not, quick life re-cap: Household consists of me, Mr Fox, and Mini Fox. Regular visitors are the 4 stepkids, 2 of which are now adults. I work full time and Mr Fox is currently SAHD'ing to Mini…
