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It's my (snowballing) Birthday!!!
sammey90
Posts: 166 Forumite
Hi all
This time last year, I had NO money, literally nothing, even before January began. I get paid early for Christmas, over-spent because I can't add up (or subtract, either way i got it wrong!), then was forced to go overdrawn in January (without permission, so tons of fees). That set into motion a year of money being even more of a problem, and playing catch-up.
So, i created my very first snowball, and stopped lurking.
I am now 1 snowball year old, and have paid off £3,819.62!
Who'd have thought it?!!
This time last year, I had NO money, literally nothing, even before January began. I get paid early for Christmas, over-spent because I can't add up (or subtract, either way i got it wrong!), then was forced to go overdrawn in January (without permission, so tons of fees). That set into motion a year of money being even more of a problem, and playing catch-up.
So, i created my very first snowball, and stopped lurking.
I am now 1 snowball year old, and have paid off £3,819.62!
Who'd have thought it?!!
Oh for Goodness' Sake!! Here we go again 
Total debt £4,839.51 (Still adding it up though )
Now : £4, 759.81
Total debt £4,839.51 (Still adding it up though
)Now : £4, 759.81
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Comments
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Well done :jNo you're not a vegetarian if you eat any animal or fish, so do not insult genuine veggies by calling yourself one! :mad:
Thanks to everyone who posts competitions. You are the stars of the board :T:j:T0 -
Congratulations on your First Birthday!!!!:beer:
Just worked out my snowballing schedule for the next year and you've really inspired me about how much can be achieved when you get organised! Well done!:TLBM Dec 09 - £27,227Debt Free by Xmas 2013 - #109 - £726.54/£10865 (6.68%)0 -
Hi Velma
It's weird, but I have paid off that much without going the extra mile - they;ve become 'bills' - does that make sense?
It has left me skint most months, but at least now it's a constructive skint!!Oh for Goodness' Sake!! Here we go again
Total debt £4,839.51 (Still adding it up though )
Now : £4, 759.810 -
:beer:
Congratulations!
:j:jStarting debt: 3399.39 / Debt now: 2975.39VSP Challenge 2012: £39.58/£100 Crazy Clothes Challenge 2012: £3.00/£150
£2 savers club #20: £302012 earnings: £67.50Long Haul DFW Supporter #2040 -
Whats a snowballing what everybody is on about.
Michelle0 -
From what Ive read it seems snowballing would be:
Paying as much as you can on the card/bill with the highest APR then paying the minimum payments on everything else.Weight loss November 09-January 10: [STRIKE]13lbs[/STRIKE] [STRIKE]20lbs[/STRIKE] 27lbs! :j0 -
Congratulations and well done :T
Snowballing is the the most effective way to tackle your debts, it's really helped me to prioritise my debts, it's great seeing my debts going down and it's much easier when you get the hang of it.
Good luck for the future.Nearly debt free
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Well done. You should be very proud of yourself xxDebtFree FEB 2010!Slight blip in 2013 - Debtfree Aug 2014 :j
Savings £132/£1000.0 -
Well done! I think when you're in this for the long haul like we and a lot of others are, its easy to miss the fact that every month the debt goes down... you lose that early rush of achievment when you start out!
Im happy to say that within reason I have a more comfortable life now. Still cant afford a holiday or wild spends, but the stress has settled, and in 2 years or less I will be debt free
Hang in there!0 -
Well done!! This is my first snowballing month, I cant wait to update my payments. Its inspiring to see someone doing so well!
x Trying to jump back onto the moneysaving wagon .... :cool:0
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