Debtfreeeju's Random Ramblings (AKA getting rid of £10k in 15 months!)

debtfreeeju

Right, so about a month ago I had my LBM, after many false-LBMs over the years. And now I'm proud to be dealing with my debt one day at a time - I'll get there eventually!

A bit about me: I'm 25, live with OH in rented accommodation and have been in debt since I was 18. My parents have been fab and have really helped with my debt, but I still owe £9650. Luckily the remaining debt is owed to my Dad so no interest, but I want to clear this ASAP so I can start thinking about being a grown up and saving for a house/wedding/the future.

The aim: to be debt-free by January 2013.

So far I have:
1. Cut up the credit cards (bar one which is stored safely at home for emergencies)
2. Cut the limit on the one remaining CC dramatically (from £4000 to £750) to avoid any spending-spree temptation
3. Implemented a very strict budget and am trying my best to stick to it
4. Started to aim for as many NSDs per month as possible, and am giving the 'make £5 per day' challenge all I've got
5. Been ebaying madly - made £230 so far!
6. Given notice on our rented house and found somewhere much cheaper (and, I think, more lovely) to live.

Who wants to join me on my debt-busting journey? I can promise ups, downs, tears, stress and hopefully a light at the end of the tunnel!

debtfreeeju

I'm back (though I'm sure no one is reading this). November was a lot tighter than I expected money-wise due to Christmas shopping (all done now - woohoo!) and a trip to Paris - OH took me for our anniversary, 'twas lovely but ended up spending more than I'd wanted to - Paris is expensive! Had to rely on the credit card...

But yesterday was payday and it's a new month. I've cleared the credit card again and have re-done my December budget to account for this. Have still managed to put £85 into the ISA (which will be used to pay off debt come the end of the FY) and have paid the usual £250/month off my loan from my dad.

I'm aiming to spend just £15 this month on groceries - did a big shop at the end of November and am spending the Christmas period with relatives so I should just have to buy bread, milk etc for the rest of the month. I'll be very pleased if I manage it!