One debt at a time

Sar

Hi everyone,
I have lurked on these boards for years, and regularly join challenges but the amount of debt I have overwhelms me and I end up burying my head in the sand and never completing any of them! So, I have had (yet another) LBM and have sat down and thought about how it is best for me to tackle my debts. I have decided to challenge myself to pay off one debt at a time, with the idea being to focus on my highest APR debt and pay that off, before moving onto the next one and so on. Hopefully I will find this much less daunting than trying to tackle them all in one go, and seeing the debt coming down and eventually clearing will give me the boost to keep going! I am not giving myself a time limit, just to pay off as much as I can as quickly as possible!
There may be another challenge like this, if so please point me in the direction of it.
If anyone would like to join this challenge let me know what debt you are tackling first and I will make a challenge list (this will also keep me motivated!)
So, here goes...

Wish me luck,
Sar

One debt at a time challengers
#1 Sar £0/£2867.42 - 0% paid
#2 Seashell £0/£2200 - 0% paid

ErikaRex

That's a really positive step, wishing you the best of luck

wobblylemon

Good luck Sar! Keep us updated as that number goes down

artnoble

This is the route I'm going to go I think. All my debts have defaulted mainly from 2008. Really need to setup my future. So I'm gonna tackle two at a time I think.

Sar

Thanks for the encouragement and good luck! Artnoble if you want to put yours on here we can have our own mini challenge and motivate each other along the way (which for me is going to be a very long journey!)

alyxzandra

Good luck!

cutestkids

good luck have you tried the payment a day challenge on here I find it really good for focusing and even if you only pay 50p some days it all adds up

artnoble

Sar wrote: »

Thanks for the encouragement and good luck! Artnoble if you want to put yours on here we can have our own mini challenge and motivate each other along the way (which for me is going to be a very long journey!)

Yeah that'll be good.. Thats one thing I need is motivation!!

I'll PM you

wants.to.be.debt.free

Wishing you lots of luck with Debt Number 1

badger_

Good luck

SEASHELL

I've just been trying to convince myself to do this and would love to join you. I really need to focus myself and start to make inroads into my ever increasing debt.My first debt will be to my capital one cc with is £2200 and the one with the highest APR. Good luck with yours xx