No Debt, No Beer

Piquant_2

InsertWittyName wrote: »

August 11 balance was: -£18,875.00
September 11 balance was: -£18,560.22
October 11 balance was: -£18,375.98
November 11 balance was: -£16,570.76
December 11 balance was: -£13,353.26
January 12 balance was: -£12,110.10
February 12 balance was: -£11,262.81
March 12 balance was: -£10,601.67
April 12 balance was: -£9,542.58
May 12 balance was: -£7,927.74
June 12 balance was: -£4,974.51
July 12 balance was: -£3,967.39
August 12 balance was: -£2,927.70
September 12 balance was: -£1,494.55
October 12 balance was -£578.72!

November 12 balance is £0

I'm officially debt free! :T

Congratulations! Well done on clearing all that debt, enjoy the freedom of real disposable income!

Igamogam

Just popped over from the PAD thread to say:j:beer::j:beer::j:beer::j:beer::j:beer::j:beer::j:beer:

InsertWittyName

Ok, so next 'goal' is to save up enough to pay my tax before 31st Jan so I don't have to dip into my ISA to take the money out.

I already have the money in the ISA, but I'd rather not have to withdraw it...

So, first payment of £21 today towards the £3,117.90 I need :eek:

StressedSteph

InsertWittyName wrote: »

August 11 balance was: -£18,875.00
September 11 balance was: -£18,560.22
October 11 balance was: -£18,375.98
November 11 balance was: -£16,570.76
December 11 balance was: -£13,353.26
January 12 balance was: -£12,110.10
February 12 balance was: -£11,262.81
March 12 balance was: -£10,601.67
April 12 balance was: -£9,542.58
May 12 balance was: -£7,927.74
June 12 balance was: -£4,974.51
July 12 balance was: -£3,967.39
August 12 balance was: -£2,927.70
September 12 balance was: -£1,494.55
October 12 balance was -£578.72!

November 12 balance is £0

I'm officially debt free! :T

wow that is absolutely fantastic, i am sooooo jealous. WEll done you :T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T

StressedSteph

Am off to read you full thread now to figure out how the heck you did it xxx

Squidge123

Congratulations! You've inspired me to get myself into gear and sorted

InsertWittyName

So, saving is going pretty well, almost up to £1k of the ~£3.1k I need.

Need to save around £40 per day to hit the target though and only 2 paydays remaining!

InsertWittyName

Quick update!

Just over £2.5k saved now for the tax payment due end of this month, should easily do it with a payday left before I need to make the payment - which means I can leave the savings I made already for the payment safely in the ISA

Increased my pension contributions via salary sacrifice considerably too, which will start this month. Making the most of my higher rate tax status.

Also in the process of setting up the First Direct 8% regular saver for both me and my missus, which will put £600 a month direct into savings.

Getting there.

InsertWittyName

The First Direct savers are setup and the first 2 x £300 paid

Had to use £600 of what I'd put aside to offset the tax savings in the ISA, but glad I set them up anyway.

Haven't had a beer or a cigarette so far this year either (they go hand in hand for me!) :T

InsertWittyName

Payday so I've paid the freelance tax - I'm now £3,117.90 lighter! :eek:

First higher payment to the company pension too, so £400 gone into that this month.

Still not had a beer or a cigarette, doing well

Next target to is try and fill the remainder of my cash ISA allowance before the end of this tax year (April 5th) - need £2,070.55 to max it out.