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Our Journey to a Debt Free 2016

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Comments

  • PinkPoppies
    PinkPoppies Posts: 562 Forumite
    Have my head in the clouds a bit today... gazing at my spreadsheet and looking to the future.

    In about 3 months we will hopefully have cleared the last of the CC, just leaving our loan. The loan has a very low interest rate so once the CC is gone all the money we would have put towards it will go to an mortgage offset savings account.

    I finally got round to filling out the offset account application paperwork today, so have added it to my signature to spur me on a bit!
    Total Starting Debt August 2014- £38,061
    Current Debt- £3600
    Mortgage Offset Savings- £600
    90.5% paid off so far...
  • DFB35
    DFB35 Posts: 476 Forumite
    Ninth Anniversary 100 Posts Name Dropper Combo Breaker
    I have subscribed to your thread and want to join you on your journey to becoming debt free! Looking forward to reading your diary :)
  • PinkPoppies
    PinkPoppies Posts: 562 Forumite
    Thank you DFB! :)

    We had a nice long walk in the sunshine yesterday, although wasn't totally frugal as we bought some picnic goodies and stopped at a cafe. Off to do similar today in a bit, although going to be stricter with the treats! ;)
    Total Starting Debt August 2014- £38,061
    Current Debt- £3600
    Mortgage Offset Savings- £600
    90.5% paid off so far...
  • DebtFree2012
    DebtFree2012 Posts: 3,573 Forumite
    Sounds right up my street hun. I think we may do something similar on Saturday maybe - will have to check the weather.

    You are doing fab with the debt busting - just checking your signature.
    Debt - CCV £3792
    CCB £1383 (took a hit for a holiday)
    Loan 1 £1787
    Loan 2 £1683
    Total £8601 Was £39302
  • debtfreeoneday
    debtfreeoneday Posts: 5,082 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Name Dropper
    Great news re the CC and the starting of saving towards the offset!!!
    DFW (08/08) £64,346.53 Gone (02/19)
    MFW (08/08) £118k Gone (09/23)
  • PinkPoppies
    PinkPoppies Posts: 562 Forumite
    Lazy day at home today hiding from the rain! Will try and find a film for the kids to watch on Amazon this afternoon, they are bored already!

    Seeing as it's Chinese New Year today I think I might see what sort of Chinese food I can rustle up with the children this evening. Pretty sure we have some fresh noodles and other bits and bobs lurking in the freezer.
    Total Starting Debt August 2014- £38,061
    Current Debt- £3600
    Mortgage Offset Savings- £600
    90.5% paid off so far...
  • debtfreeoneday
    debtfreeoneday Posts: 5,082 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Name Dropper
    We've stuck a film on after a morning of painting and playing!

    What rainy afternoons are all about!
    DFW (08/08) £64,346.53 Gone (02/19)
    MFW (08/08) £118k Gone (09/23)
  • PinkPoppies
    PinkPoppies Posts: 562 Forumite
    Unless we have a very very frugal week until the end of the month I'm not sure we are going to get any more paid off in February, so I'm looking forward to March now.

    Bit disappointed that we didn't manage to get under £25k this month but it was always an ambitious target!

    Had a busy day today rushing around getting jobs done out and about. Just having a quick coffee and then need to crack on with the housework!
    Total Starting Debt August 2014- £38,061
    Current Debt- £3600
    Mortgage Offset Savings- £600
    90.5% paid off so far...
  • debtfreeoneday
    debtfreeoneday Posts: 5,082 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Name Dropper
    Even if you don't get anymore paid off, well done on what you have done and you will definitely smash £25k next month!
    DFW (08/08) £64,346.53 Gone (02/19)
    MFW (08/08) £118k Gone (09/23)
  • crunch_time
    crunch_time Posts: 1,353 Forumite
    Agree with debtfreeoneday! You are making brilliant progress. Onwards to March! (Cant believe we are nearly in March already!!)


    Crunchy xx
    19/8/19 vs now Current Total debt £14,188 Savings £2757
    Overdraft £1600 vs £1050
    HSBC1 £1900 vs £3868
    HSBC2 £4100 vs £3730
    Virgin 1 £3050 vs £2800
    House stuff and improvements £4460 Virgin 2 £2740
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