Debt Free by Dec 2015.............

[Deleted User]

Ok so I currently have about £12,513.90 worth of debt spread over 4 creditors.

I have repayments up until June 2017 but my aim is to cut 18 months off of this & get it all paid by December 2015.

1) 2361.42 - Int Fee
2) 8348.48 - Fixed Balance will not change
3) 1400.00 - Int Free for another 12 Months
4) 403.69 - This one may change every month.

I am going to do this by keeping any spare cash from my monthly budget aside & using this to pay off more debt.

Also when debt no1 gets paid off in April 2014 I will use the payments for this to go towards debt no2.

I have been here before & planned to be debt free by December 2012 but that has obviously not happened as I decided to have surgery which I had to pay for.

Mini Challenges

Debt Under 12k -
Debt Under 11k -
Debt Under 10k -
Debt Under 9k -
Debt Under 8k -
Debt Under 7k -
Debt Under 6k -
Debt Under 5k -
Debt Under 4k -
Debt Under 3k -
Debt Under 2k -
Debt Under 1k -
Debt GONEEEEEEEEEEEEE -

D xxx

[Deleted User]

Ok so wee update just made a payment of £58.00 towards debt no4.

This is a card that I use regularly though cos I have DD's set up so that I can earn point so this one does go up & down really.

I usually try to clear this balance every month but its been creeping up for the last 2/3 months but I am gonna work to get this back in control hopefully before Christmas time.

Dxxx

[Deleted User]

Ok so its not currently going well - This is LBM No2 for me & today I still ended up shopping on my CC.

I am going to remove them from my purse immediately.

This is not a good start.

Dxxx

[Deleted User]

Grrrrrrrrrrr I'm sat here working out where very penny is going to go when I get paid at the end of this month - I cannot wait till I have a little bit more money & dont have to worry about this.

Ok so I have worked out that I will hopefully be debt free in 38 months!

So 38 months left of this writing everything down & juggling everything around to manage.

By the time I get to the 39th month I am going to start saving up - OMG I will actually have some money in the bank can you imagine!

Dxxx

[Deleted User]

Oh I have also started doing Avon aswell - Anything I earn from this I am going to keep aside then each April when I do my Tax Return as I need to register as Self Employed the amount that is left I will pay to my debt!

I am just getting so confused about this Tax Return business cos I have never been Self Employed before - But I might just register online & hope for the best - I will keep an accurate record of everything that I buy for business purposes so that I can claim it all back.

Dxxx

OrangeFairy

Hi Dolly

Subscribed to your thread. Good luck with your debt busting. You sound like you are finding a good balance. Well done on starting Avon. I hope you make some much needed £s to bring that DFD earlier. Are you able to over pay or save and pay off your big debt when you have just that left?

x OF x

Scuff

Hello! I've subscribed good luck!

katy_ann

Good luck, Ive just subscribed, Im hoping to be DF by dec 2015 too x

[Deleted User]

OrangeFairy wrote: »

Hi Dolly

Subscribed to your thread. Good luck with your debt busting. You sound like you are finding a good balance. Well done on starting Avon. I hope you make some much needed £s to bring that DFD earlier. Are you able to over pay or save and pay off your big debt when you have just that left?

x OF x

I am going to just save then when I have the full balance get a settlement on the loan then pay it all off.

Oh I know my first Avon order came today so I am making my deliveries tomorrow!!

Dxxx

[Deleted User]

Scuff wrote: »

Hello! I've subscribed good luck!

Thank you!

Dxxx

[Deleted User]

katy_ann wrote: »

Good luck, Ive just subscribed, Im hoping to be DF by dec 2015 too x

Thank you - Oh I am really really wanting to do it this time!

Feeling positive about it & cant wait to see the figures come down every month.

Dxxx