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Pay ALL your debt off by Xmas 2015!

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Comments

  • amr547
    amr547 Posts: 1,665 Forumite
    Part of the Furniture Combo Breaker
    When I'm off work next week I am aiming to go to Santand#r and get them to close my account! I also need to change my address with NW....banks are such a faff.
  • BirdSeed
    BirdSeed Posts: 133 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    edited 21 December 2014 at 5:18PM
    amr547 wrote: »

    Edited to add - does anyone out money in a separate account for eg birthdays,car costs etc? Wondering if it would better to do this or keep it all saved in a lump sum somewhere.


    I have a few additional saver accounts linked to my current account. I transfer £75 a month into one specifically for birthdays and Christmas. It doesn't have a great interest rate but it's easily accessible and pays for presents and towards birthday celebrations too. If I use my current account to pay for anything, I replace that money out of this account. Part of me thinks it's psychological but then part of me thinks it's really useful. On average I put £900 per year away (to spend mostly on other people!!!).

    A vision without a plan is just a dream.
  • parsniphead
    parsniphead Posts: 2,897 Forumite
    Part of the Furniture 1,000 Posts
    Roundthebend wrote: »
    Some of the reports it creates:

    imagejpg1_zps150be371.jpg

    I like this being a visual learner plus I can't seem to get along with YNAB.
    1 debt v's 100 days chapter 34: T3sco bank CC £250/£525.24 47.59%

    [STRIKE]MBNA - [/STRIKE]GONE, [STRIKE]CAP ONE[/STRIKE] GONE, [STRIKE]YORKS BANK [/STRIKE]GONE, [STRIKE]VANQUIS[/STRIKE] GONE [STRIKE] TESCO - [/STRIKE], GONE
    TSB CARD, TSB LOAN, LLOYDS. FIVE DOWN, THREE TO GO.
  • rubywhatashmoo
    rubywhatashmoo Posts: 587 Forumite
    Part of the Furniture 500 Posts Home Insurance Hacker! Debt-free and Proud!
    I'm late to the party but please sign me up! I could do with having a "real" look at my balances after I get paid next week and pay off the last bit of this year's challenge total but could I get a number now anyway?!
  • Roundthebend_2
    Roundthebend_2 Posts: 170 Forumite
    Cashback Cashier
    parsniphead wrote: »
    I like this being a visual learner plus I can't seem to get along with YNAB.

    Ditto :)
    It doesn't have the budget thing (although you can set some, I haven't fully explored the app, I just do it myself and add them as recurring payments) but the cost of the app is significantly cheaper so triply worth it for me :)
    £1k emergency fund (#33) £140/£1000 10.4%
    DFBXmas 2015 (#033) £3,328.76/£49,404 6.7% :)
    Sealed Pot Challenger #474 £16.27/£100 target
  • grassgirl
    grassgirl Posts: 407 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    Wow round the bend, how did you make so much in Dec? :)

    A tiny payment of £1.65 off today, still yet to buy prezzies! Heh
    January 2025 - Debt £20,006
  • rubywhatashmoo
    rubywhatashmoo Posts: 587 Forumite
    Part of the Furniture 500 Posts Home Insurance Hacker! Debt-free and Proud!
    Actually just read through this thread and it's gotten me all motivated so I've checked where I'll be up to at Christmas and can declare a total! :D

    £8202.00 to be cleared in the next 369 days! :xmassign: 2015!

    (£22.23 a day in case anyone was wondering :rotfl:)
  • Roundthebend_2
    Roundthebend_2 Posts: 170 Forumite
    Cashback Cashier
    grassgirl wrote: »
    Wow round the bend, how did you make so much in Dec? :)

    A tiny payment of £1.65 off today, still yet to buy prezzies! Heh

    My husband won £1k in the christmas draw at work. Sheer luck! Xx
    £1k emergency fund (#33) £140/£1000 10.4%
    DFBXmas 2015 (#033) £3,328.76/£49,404 6.7% :)
    Sealed Pot Challenger #474 £16.27/£100 target
  • GingerFurball_2
    GingerFurball_2 Posts: 990 Forumite
    Debt-free and Proud!
    Final DD payment for the year comes off tomorrow, then I'll just need to make the additional payment once interest goes on the loan statement to make it £100 in total paid off the loan this month.

    It'll leave me £1250 short of my year's goal, but that's still a hell of a better place to be in than £5k of debt!
    DEBT FREE!

    Debt free by Xmas 2014: £3555.67/£4805.67 (73.99%)
    Debt free by Xmas 2015: £1250/£1250 (100.00%)
  • amr547
    amr547 Posts: 1,665 Forumite
    Part of the Furniture Combo Breaker
    Does anyone else find they think about money more on Sunday? I always find myself in bed pondering how I could save more / spend less:rotfl:
This discussion has been closed.
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