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One debt at a time.
Legacy_user
Posts: 0 Newbie
Like a lot of people I have debts to clear but looking at the whole picture is daunting and depressing , so what's the one debt you pledge to clear in 2016 ?
I have an outstanding debt of £2400 that I would love to be free of by this time next year .
I have an outstanding debt of £2400 that I would love to be free of by this time next year .
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Comments
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Is this your debt with the highest interest rate?
You should aim to clear the highest interest first as its the one which is costing you the most money.0 -
My aim is to have my debt down below 10k by this time next year. So about 3k to pay off next year, so £250 a month.
All my credit cards are either 0% or life of balance at 4.9%. So will be paying off the 4.9% and using my other cards to do 0% balance transfers when my 0% offers expire.
I'm also planning to have more than 1k saved in my emergency fund - at the moment it's £300 and also £500 saved in my holiday fund (got a holiday in 2018 I'm saving up for)0 -
Id love to pay off my overdraft by June. It currently stands at £2000 and they are going to start charging fees again in June. I will do it!!0
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I have my signature debt on a 0% deal and want to clear it before that expires." Your vibe attracts your tribe":D
Debt neutral
27/03/17 from £40k:eek: in the hole 2012.
Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
RYSAW17 £1900 2016 £2,535.16 2015 £1027.200 -
My smile loan should be cleared by end of the year. They cut quite a bit from it themselves due to an error they made. Then I will be debt free (unless you count old student loans for which I earn less than the threshold)Paid off the last of my unsecured debts in 2016. Then saved up and bought a property. Current aim is to pay off my mortgage as early as possible. Currently over paying every month. Mortgage due to be paid off in 2036 hoping to get it paid off much earlier. Set up my own bespoke spreadsheet to manage my money.0
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Hi all
By This time next year I aim to have cleared my target CC and then the most of the next CC which I aim to target.
Both of these amount to approx £8,000 :eek:
Good luck all and me SP 9#531=£620/SP 10 # 531=?PDBX 2016 #2 = £16,766.67/£12,000
PDBX 2017 #2 = £1,200/£12,000
''If you want the rainbow, you gotta put up with the rain''0 -
Hi all
By this time next year I would aim to have my CC bill reduced by £3000. It's currently £9,200 all on 0 per cent at present but with some of this reverting to standard rate in January and May 2016. That's my target. Good luck everyonePay ALL your debts by Xmas 2016 - No 30 £981.00/£3000:
Remember your a womble - 2016 - No 16 - £95.14
£2 Savings Club 2016 - No 46 -- £38/SIZE]0 -
Is this your debt with the highest interest rate?
You should aim to clear the highest interest first as its the one which is costing you the most money.
Yes -its the highest the other debt is a long period 0 % credit card.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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