Debt free by Summer 2012 (if not sooner!)

DebtFree2012

Right - lol - I knew would do this.

I have decided to use my bonus to pay my overdraft off so that it's gone! That's if there's enough lol.

I have worked out my new DFD and had a good going through my forecast and have reduced DFD by 1 month! Jan 2014 now!! What a great New Year that will be. If I am very lucky I may save enough during 2013 to pay it off in Dec using Xmas and birthday money also. How exciting. So now only 35 paydays until DFD which is 1047 days. Coming down all the time.

I will be overdraft free at the end of the month, store card free in July and first CC free in feb 2012.

Bring it on

x x x

Woowoo

Loving your determination DF, just wish it was contagious lol!

Poorbuthappy55

DebtFree2012 wrote: »

Hi everyone

Huge congrats on paying OD off. I had the dilemma of whether to pay my OD off however the charge for it is minimal comp to if I used that amount of OD to pay to cards. It's a constant nag as I would feel so much better if it was gone. You have me thinking now!

/QUOTE]

Hi DF

The reason for clearing the OD was psychological - I now have a pathological fear of going in the red or seeing a minus on my statement!!!!! this stops me thinking of the OD as my money which I always had in the past.

Good luck and keep going!

PBHx

DebtFree2012

Ditto to that again PBH - I think of my OD as part of my balance and I refuse to any more. Hopefully by next month I won't have one any more as long as this bonus comes up trumps. Fingers crossed!

x x

DebtFree2012

I have cut every single one of my credit cards up!

Woowoo

Well done DF, make sure your close the accounts as you clear them as well! You can actually close the accounts before clearing them as well, which removes all temptation and means they can't jack the rate!

Poorbuthappy55

DebtFree2012 wrote: »

I have cut every single one of my credit cards up!

I admire your determination!!

I did that a few years ago (before MSE) but didnt cancel them and when the new ones came in the post it was like Christmas and I went out and bought all the things/days out we wanted - what an idiot I was but not anymore.

DebtFree2012

Woowoo wrote: »

Well done DF, make sure your close the accounts as you clear them as well! You can actually close the accounts before clearing them as well, which removes all temptation and means they can't jack the rate!

Hey Woo

I tried to close them all but only Tesco and Next would allow me, cap1 and virgin said it's not policy blah blah bulls**t!

I will SOOOOO be closing them when paid off - so excited!

x x x

DebtFree2012

Poorbuthappy55 wrote: »

I admire your determination!!

I did that a few years ago (before MSE) but didnt cancel them and when the new ones came in the post it was like Christmas and I went out and bought all the things/days out we wanted - what an idiot I was but not anymore.

Been there done that too! I actually cleared most of my debt years ago but then i didn't close everything off and started all over again! So annoying looking back and don't have anything to show for it.

x x x

**Kat**_2

Well done you are doing so well! I would pay your overdraft off first - that way a) one debt is gone and b) you're not using debt to pay off debt xx