Attention newbies with debt! What is your 2006 New Year debt resolution?

oriana

My 2006 resolution is to take control of my finances (45K debt _pale_ ), now that i have finally taken my head out of the sand!! :T

i will also be visiting this website regularly to get ideas and advice. :money:

James240

not a newbie but like a few people have stated on here i want to stick to the budget that i set myself. Instead of saying "oh ill just take £30 and go that much into my over draft" or drawing a tenner here and there out.

I want to try and get as much of my debt down this year if i stick to my budget then i can get nearly £6000 of my loan through overpayments.......but to do this i need to stick to my budgets....


Hopefully i can make a big impression on my debts as i want to be debt free!! :j

Avogirly

I slipped up a little over christmas. So my NYR is to get back on track, redo my spreadsheet budget, lots of home cooking and to have a really enjoyable cheap year!

r-world

My humungous debt of £88k beats all of you put together and at current repayment levels, I expect to be debt free in 2030! I could feel suicidal but I'm making inroads - I've been with Payplan for over a year, and hope to make some full and final settlement payments to the smaller debts this year.

[Deleted User]

Don't lose heart r-world but £88k sounds monstrous to me or are you including your mortgage? Have you taken any free financial advice recently regarding your debt and your options?

r-world

FRaid it's unsecured debt racked up by arranging ever-increasing loans to pay off previous loans and cc's. However, I quit smoking in August to help with repayments and am selling on ebay regularly.

Rache_2

My resolutions:

-to get addicted to not spending as easily as I became addicted to spending
-to reduce our debt by £5000 (at least) before 2006 is out
-to think before I buy
-to grasp the concept of "delayed gratification"

Thefunkygibbons

I hope to clear about £32000 off the mortgage this year

Losing a few pound in weight would be nice but that depends on the old injury improving

Little_Bear_4

- to think not twice, not three times but four times before I buy it!!
- to leave my switch card at home during my working day
- to stick stick stick to my budget!!!!

and

- to find out what the 2 pound challenge is (can anyone enlighten me - or is it basically saving our 2 pound coins?!)

good luck to all towards becoming a lot more debt free in 2006 by the way...

in*the*red_6

- to find out what the 2 pound challenge is (can anyone enlighten me - or is it basically saving our 2 pound coins?!)
Think that's exactly it. I'm going to start this from today - so far £2 coin savings equal £2!