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Well chuffed! Bonus pay, big chunk in debt gone!
WelshWoofer
Posts: 5,076 Forumite
Just had to tell you all, had my bonus pay today and it was more than expected. It means that I have paid an extra £1700 off my only remaining credit card leaving less than £1000 left!
In total since January I have paid £5000 off credit cards, £1000 off a loan (now settled early) and a £500 OD. This is in addition to the regular payments off a long standing loan now below £3000!
In addition, I have bought all Xmas presents except one - all with cash saved up , no credit cards - and have most of the money ready for the Xmas food shopping and extras.
I even have an emergency savings account! Who'd have thought!?
It's all down to this site and all of the tips and encouragement you all provide.
I hope to have the last CC down to £500 by the end of January.
Just thought I'd pass on my good news - if I can do it anyone can!
In total since January I have paid £5000 off credit cards, £1000 off a loan (now settled early) and a £500 OD. This is in addition to the regular payments off a long standing loan now below £3000!
In addition, I have bought all Xmas presents except one - all with cash saved up , no credit cards - and have most of the money ready for the Xmas food shopping and extras.
I even have an emergency savings account! Who'd have thought!?
It's all down to this site and all of the tips and encouragement you all provide.
I hope to have the last CC down to £500 by the end of January.
Just thought I'd pass on my good news - if I can do it anyone can!
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Comments
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Well done you!! Nice one, I am pleased for you.
Just wish I had a job where I get a bonus.....:rolleyes:Bank Balance: In the black for the moment.
Sainsburys Loan: Cleared July 2010
Credit cards: AMEX Airmiles Card: direct debit set to clear balance monthly
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:beer:
Well done!!
:TWhether you think you can, or think you can't, you are usually right.0 -
This is just the sort of post we all need, as people start to worry about xmas and stuff. Thanks for posting.I want a job that is less than an hour driving away from my house! Are you listening universe?
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:beer: Thats great news Rachel what a brilliant time to get it as well :T
You have done so well in getting your debts down so much this year you're nearly there !!!0 -
Thanks!
I don't know if I have a little bit of a different perspective than others - when my credit card is paid off I'll feel virtually debt free. The loan is a manageable, budgeted-for debt, so kind of feel that it's not really a debt IYKWIM.
I will try to make in-roads with this too when the card is paid but am not worried about it. Would be nice for it to disappear too though!0 -
Absolutley brilliant! You are in for a nice stress free Christmas. Well doneWe finally did it! Debt free 28/6/10 :T :beer: :T :beer:0
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Congrats - always so good to read happy DFW news!
:beer:0 -
Congrats :beer:
Bonus time for me in April. Hoping for a similar figure.
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Where do you work.. I think a change of career is needed for me!
Well done though!Total 'Failed Business' Debt £29,043
Que sera, sera.
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Well done on that lovely bonus and an even bigger well done for chucking it all at your debt!
Great, inspirational post and I can feel your excitement. Brilliant! :T :TBack on the DFW Wagon:
CC - £3,300 on 0% til 04/2020
CC - £4,500 on 0% til 02/2019
Loan - £12,063.84 as at 4/1/180
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