Pay ALL your debt off by Xmas 2014!

blubella

I've no idea how people pay soooo much off of their debts...a bit disheartened that i've only paid another measly £44.95

That's a grand total of #101 £368.97/2500.00 this month which is actually a miracle... a bit of good luck thanks to the tax office and credit card refund fee, budgeting £100 food and £100 fuel...onwards with the slog I guess!

ItsOver

blubella wrote: »

I've no idea how people pay soooo much off of their debts...a bit disheartened that i've only paid another measly £44.95

I felt a bit like that too when I see people paying off £1500+ in a month! But everyones circumstances are different.

I paid off £666 this month but when you break it down:

£100 refund from the water company (over payments throughout the years)
£80 cash from Christmas
£20 Envirophone
£40 Trade in for cash (great site by the way if anyone has any old games)
£70 ebay sale

This adds up to £310. If you knock that off the £666 then you can see I managed £356 from my wage, which is actually less than you I think!

Some months are "luckier" than others. I had a lucky month.

BritAbroad

108 here.

Made more payments this morning - now at £2733.66/£10,000.

Jonesy88

Welcome mothernerd :wave: you're number 147!

Blubella - please dont be disheartened, as ItsOver says it all depends on everyone's circumstances. Some months are definitely easier than others but every little counts!

BritAbroad - you are flying!

A payment of £80 from me, making:

#02 £500/£3500

Woohoo! Down to the 3k mark i'm hoping i'll be able to continue this and knock £500 off the debt a month. Fingers crossed.

spreadsheet updated to here.

ETA: I cannot wait for minicooper to declare our monthly thread amount -it's amazing

starnac

blubella wrote: »

I've no idea how people pay soooo much off of their debts...a bit disheartened that i've only paid another measly £44.95

First off don't be disheartened. you haven't ONLY paid off £44.95; you HAVE paid off £44.95. It is still a reduction in debt. Don't knock it. Every single penny helps.

Personally I have paid off a bigger chunk than I thought I would thanks to refunds from both gas and electric providers after we switched. February will also see a big(ish) payment thanks to no council tax. Like It'sOver said "Some months are luckier than others"

Keep going x

marliepanda

Scraping into the january totals with another £200 payment, taking me to £400/£5300

Really chuffed as my initial budget had my not making any progress til february, so glad to be ahead!

Sandypan

I think paying debts off and losing weight are very similar!!

It's easy to put weight on/spends £'s on a credit card BUT
harder to lose weight/pay debts off!

Some people have more to lose/pay off than others!

Some people appear to be better at it than others!

Some months are easier than others!

You need a motivation to get started - thanks to this site for giving me mine!


It feels great when you've achieved it but it's a battle for life!

Any other analagies?

amr547

today is poop. i feel really poop. i have to tell myself im doing really well... its jsut slow progress - but its my own fault!

marliepanda

amr547 wrote: »

today is poop. i feel really poop. i have to tell myself im doing really well... its jsut slow progress - but its my own fault!

Looking at your signature you're doing really well!

I have up days and down days. I have managed to spend nothing on myself this month (except for Pepsi Max... thats my vice, £8 on 8 2 litre bottles over the month) I am lucky in that my boyfriend has been spoiling me otherwise I would no doubt have splurged on myself.

I have no willpower, but I AM getting so much better. And its only month 1 (not sure how long you've been going)

We will all get there, even if not this month or this year, progress is progress! I love this thread as I love seeing my %% go up and up, even when I feel I am only making small dints. I may just think '£53 is nothing' but its 1% of my debt! And 100 of those and I'm done!

minicooper272

blubella wrote: »

I've no idea how people pay soooo much off of their debts...a bit disheartened that i've only paid another measly £44.95

Everyone's circumstances are different though - I can feel jealous of the payments too, but as long as you pay what you can afford, that's what matters.

Sandypan wrote: »

I think paying debts off and losing weight are very similar!!

It's easy to put weight on/spends £'s on a credit card BUT
harder to lose weight/pay debts off!

I completely echo this one - not just paying off debt, but money management in general. I get the same feeling of deprivation when I go on a really frugal spending month, and will feel equally as guilty when I splurge and think 'was it worth it'. The only nice thing is, it's so much easier to return that cardigan you didn't really need...

amr547 wrote: »

today is poop. i feel really poop. i have to tell myself im doing really well... its jsut slow progress - but its my own fault!

amr it's only January - you did really well last year and reached your target quite quickly - the months will pass so quickly!

Pay day for me! Don't have the energy for online banking right now so payments tomorrow I will also let you all know January totals tomorrow - cut off at midnight tonight!