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

frosty

Hi andrewzx13,if you go back to the main debt free wannabe page,go down to the bottom of the page and on the left hand side you will see "new thread" click on this and then write your request there, a lot of people will come along with the answer you are looking for,good luck and welcome to mse.

Kateelizabee

Hi, this is my first post to this forum, and I think this is an appropriate place to start.

I have three resolutions:

1. Pay off my highest interest Student Loan (7.4%) by November 06.
2. Record *everything* I buy this year, from sewing machines to bottles of water.
3. Go back to Michigan for Thanksgiving and have the trip paid for in full before I go or by the following credit card statement.

I think the first one should be fine, my loans are in dollars and I can take advantage of the exchange rate, I figure if I "fail" at keeping the journal all year, keeping it for a few months is better than nothing and I've already found flight prices and have started to put away some money :j

karenharrison

Every year I've resolved I'll reduce my debts, but they always seem to get bigger. Most of this is because every time I switch to a 0% card, I quickly use up the balance on the old card again!
This year I've resolved not to spend on credit cards, and pay at least one off in full. Ebay are going to come in useful - I'm selling all my old junk on there and using the profits to pay off debt. Beats cold wet car boot sales!

Happy new year and luck to all moneysavers. :beer:

MoneyMonkey

New Years resolution? The trouble with me, is as soon as I make a New Years resolution, it is immediately destined to fail!

However...
I am in the process of shifting a 7K loan from an expensive Cahoot flexible load to a nice cheap fixed rate loan at Nationwide (6.7%). I have put down to pay it back over a 12 month period (£604pcm :eek: ). Since I can make over payments, I hope to have fully repaid it by Xmas 2006 :j .

This is clearly going to be a challenge, but what a great xmas pressie to myself.

Wish me luck!

MM.

renegade

whilst I am not in debt, but I really do want and need a good second hand car, so again I am going to try to stop the ciggies( did it for 2 months just before xmas) and save that money in my 'special car account'. I will also buy everything on my cash back card(earned#13.00 in Nov/ Dec far more than any points I could have got at tesco using their card,could have enough to go a long way to my goal by the end of the year.

in*the*red_6

I've just this morning decided on my New Year debt resolution and it's to get down to half of our highest ever debt total. That means our total debt by Dec 2006 needs to be down to £8,991.

JAMIEDODGER

pay of both credit cards. total £1100

ILoveHenryJames

My resolution will be to reduce total debts to 0.