We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Are you going to have a debt-free Christmas?
Comments
-
Another one, not debt free but no increase in debt this year and really looking forward to paying more off debts next year. We got control just in time
“A budget is telling your money where to go instead of wondering where it went.” - Dave Ramsey0 -
Unfortunately Christmas will be going on the credit card this year as I chose to pay off debts rather than save for christmas (thought it would be cheaper that way).
But, as soon as all the spending is done we will be transferring it to a credit card which will be 5.9% interest for the life of the balance, as we have some spare capacity on that card! (Never would have thought of that last year!).
Not ideal I know but last year we were paying 19.9% on our xmas spending, and we have still paid off £10,500 since Mar '06 (that includes the current xmas spending).
Will be working very hard, as always, to pay it off asap. So a much more relaxed christmas for us knowing there will be no unpleasant financial surprises in the new year!Finally Debt Free After 34 Years, But Still Need to Live Frugally
Debt in July 2017 = £58,766 😱 DEBT FREE 31 OCTOBER 2017 :T 🎉
EMERGENCY FUND 1 = £50/£5,000. EMERGENCY FUND 2 = £10/£5,000.
CHRISTMAS SAVINGS = £0/£500. SEF = £1,400/£12,000 PREMIUM BONDS ME = £350. PREMIUM BONDS DH = £300.
HOLIDAY MONEY = £0 TIME LEFT TO PAY OFF MORTGAGE = 5 YEARS 1 MONTHS0 -
All Christmas saved and paid for!
Still have debt, but not any Christmas debt this year (or last year either!)0 -
Debt free and all presents bought within our means and budget. Like many on this board I have brought presents throughout the year and we are sharing the cost of this years Christmas dinner with relatives.
Hopefully we'll have a good un!
EM xYou can discover more about a person in an hour of play than in a year of conversation.
Plato
Make £2018 in 2018 no. 37 - total = £1626.25/£2018 :j0 -
All presents paid for out of my account this year. First time in ages! There is no way i'm putting anything on a credit card! I will have to in April though......thats when my car insurance is due. That'll be about a grand so have no option with that.0
-
same- bought a few items each week or one 'big' item since beginning of sept. did daughters friends in the poundshop and bought cheap 75p wrapping paper in asda. put a few £ on iceland saving card a week and will get xmas lunch with that.
im learning
Keeley x0 -
Christmas does not increase our debts :j
I am an avon lady, and any money I earn pays for Christmas, birthdays and the extras that are needed. I save the money throughout the year to pay for it. I learnt the hardway the first Christmas when I was at home with the kids!Proud to be dealing with our debts - We WANT to be debt free DEC 09 :rolleyes:
Grocery challenge: £230 / £230 left0 -
1st CC free xmas for several years.....which is nice!This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
-
For the first year that I can remember, we will not be incurring any additional debt to pay for Christmas. We fully intend to enjoy the festivities. We have, over the last months, stocked the freezer. We are having home made christmas cake, pudding and mince pies - the cake is still soaking up the last of my cheap brandy :mad:
On a serious note, I have told the family not to expect expensive presents, and that we also do not want them to spend a lot on presents for us, and we're all agreed on that.
Just need to stock up on some cheap, but drinkable wine, dust off the DVD of 'The Great Escape' and look forward to a superb Christmas, with no nasty bills in January.
A very Merry Christmas to ALL DFWs:xmassign:I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.
HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7
DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS0 -
never done xmas on credit... this year will be the same... but i did overspend on my mums xmas present so i will be using my savings money next month (december) to buy the vouchers and work prezzies needed 0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards