Pay ALL your debt off by Xmas 2015!

IrishRose12

Another £24 paid off this week. But Hopefully will be paying off a bigger amount next week as it's PAYDAY!!! :T

So ATM I'm at #066 £100/£1700

joee

May I join please, I am aiming to clear £1550.20

takingcontrolatlast

I would like to join as well please - This year i would like to clear a £730 loan and £3200 to family - i will update monthly. Thank you

0/£730 - loan
0/£3270 - family

BritAbroad

108 checking in.

Made more payments over the past couple of days to both the car and the cc, so now at £2014.31/£9139.48.

However, I did actually use the cc as well to pay the car repair bill. Needs must, I guess,

dktreesea

rubywhatashmoo wrote: »

In a way it's easier as all of our big bills are covered all at once then I don't need to save much money to cover the rest of the month - just what's needed for the annoying small things that come out part way through the month (phone contract, netflix etc.) and food shopping. I wouldn't mind if my other half got paid in the middle of the month though so we were getting a wage in every other week!

What I found hard about being paid monthly was the bills would come in through the month and by the time I had paid them all - no point in adding to the debt by delaying them - I felt like, with the paltry amount left, I had worked all month for not very much, and have to stretch this greatly diminished amount out for another 30 days.


Now, I just pay the bills as soon as they arrive, and if all this leaves me with is £20 for the week, I can make do, because I'm only trying to last for 7 days and live on optimism/hope that this will be a once in a blue moon event and that the next week's money left over will be more than this.

Fmess

luckystarr wrote: »

Thank you Fmess... I tried the free trial of YNAB but was not 100 % on it so I reluctant to spend £35 on it at the moment.

With regards to the spread sheet would anybody have a template I could look at so i can get the ball rolling .

Will be paying money off at the end of the month as waiting for payday

If you PM me your email address, I am happy to send you mine and then you can adapt them to suit you.

Pablosammy

joee wrote: »

May I join please, I am aiming to clear £1550.20

Hey joee. I'll update the spreadsheet on Tuesday and assign you your number (I'm in work until then), welcome! :T

These payments keep rolling in, we're on target for a bumper month for repayments. Which is ace, seeing as it's long January and we're all skint post-Christmas! Keep the momentum up everyone, you're doing amazingly.

dktreesea (do I say that like '!!!!!! Tracey' with a Geordie accent? :rotfl:) - it's frustrating being in that 'treading water' situation, but it will get better. Keep setting yourself little achievable targets.

Pepperoni

Keep needing to eat into my debt repayment pot! Argh. Perhaps my budgeting at the beginning of the month isn't realistic enough. Will look closely at where our money has gone before deciding on next months budget - next month I'm intending to start putting money away each month for certain things and I think that will help massively as so far we pay as it comes up (and thats where £200 unexpectedly has gone this month).

chocoholicqueen

Just adding my sofa payment and extra weekly payment to my total.

#055 £542.07/£10,000

Mat_Lock

Pablosammy wrote: »

These payments keep rolling in, we're on target for a bumper month for repayments. Which is ace, seeing as it's long January and we're all skint post-Christmas! Keep the momentum up everyone, you're doing amazingly.

we had a big January last year, it's amazing how much can be paid back despite it being 'that month' in the year.

I was so OCD today I had to make sure I put an amount of petrol in the car so that I had exactly £100 left in my account.