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I've got myself into a MASSIVE debt in 9 months...

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  • weebit
    weebit Posts: 411 Forumite
    Time for a check-in.

    Looking back, it's been an amazing year. I've paid off close to £11,000 which is amazing! I've cut back on some things but not all and still managed it.

    Looking forward, I'm aiming to pay off more next year to reduce my total debt to below £25,000 by Xmas 2017. Still on track to pay it all by Summer 2019, but obviously hope to pay off sooner.

    I'm getting closer to my dream of owning a home. If i can pay off £11,000 in one year, that means once I'm debt free I can instead save that money to build a deposit.

    I'm the happiest I've felt about my debt in many years. There is still a long way to go, but I feel like I'm getting there :)
    Aiming to pay off £50,312.94 in less than 3 years - Starting from December 2015
    Current debt total: £32,756.02 (as of 1st March 2018)
    Date Free Date Aim: Summer 2019 (8 extra months needed :( )
  • Swash
    Swash Posts: 209 Forumite
    Seventh Anniversary 100 Posts Name Dropper Combo Breaker
    Congratulations on what you've achieved so far x
    "Nothing is permanent in this wicked world, not even our troubles".
  • FinallyGettingFree
    FinallyGettingFree Posts: 52 Forumite
    Debt-free and Proud!
    That's awesome Weebit, sounds like you are really on the right track. Good luck for 2017!
    :j DEBT-FREE AS OF 3/11/15 :T

    Money Saving Challenge 2016 #74: €200 / €3000

    :eek: Debts at highest: £11k :eek:
    [STRIKE]TSB credit card £4,500 [/STRIKE] / [STRIKE]Payday loans £2000[/STRIKE] / / [STRIKE]Overdraft £3000[/STRIKE] / [STRIKE][/STRIKE] / [STRIKE]Barclaycard £1800[/STRIKE]
  • Tahlullah
    Tahlullah Posts: 1,086 Forumite
    Hello Weebit, how are you doing?

    Tx
    Still striving to be mortgage free before I get to a point I can't enjoy it.

    Owed at the end of -
    02/19 - £78,400. 04/19 - £85,000. 05/19 - £83,300. 06/19 - £78,900.
    07/19 - £77,500. 08/19 - £76,000.
  • Fletchasketch
    Fletchasketch Posts: 471 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    Definitely time for another update!
    May'18 DEBT FREE!

    £6025 PB's: £1427 Nutmeg Pot: £51'174 Company Shares £512.09 InvestEngine £8.21 Freetrade £569.46 Stake
    £2457.92 TCB.
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