Giving myself 2 years to get out of Debt

Fivebyfive

Newbie poster here, long time Watcher/Lurker though.

I have 3 debts that i really want rid of, one of these has been ongoing for 10 years and I have barely made a dent out of it

Currently it will take me 5 years to pay off at the rate im paying and so far I have the following balances

CC - £2134.83
Debt 1 - £192.00
Debt2 - £4504.99

The debts can all be overpaid and I have no interest on them, CC is 0% until June, so that is my aim for the next 2 years. ....Get rid of the debt and start saving.

[Deleted User]

Hiya,

Good luck with your journey.

Pmo2
X

datlex

Hope it goes well.

Seasidegal58

Good luck - posting on the board will help you enormously in focusing.

Fivebyfive

Thank you all for the replies and encouragement.

I have been trying to earn a little more money towards debts this month, I didn't realise how much time it has taken but I'm getting there.

• I have cashed out £24 from Ch*ckout Sm&rt which should be arriving in my bank in next 5 days
• Requested refund from B0unts as i have been trying for many days now to get a voucher and no luck
• I found my old 0ne P0ll account which i had £36 raised and forgot about 5 years ago so I have £2 more to earn and im cashing out
• Swagbucking! - taking all my free time but earning vouchers towards xmas presents.
• 3Bay- found a few items to sell....books are not selling at all so going to try a different selling site for them. I Marie Kondo'd the house before moving last year so i have nothing left to sell!
• Changed bank accounts through Quidco but i wont see any money until February for that.

I think that is it all so far.

I will post an SOA soon in the hopes it helps :rotfl:

[Deleted User]

Good luck!

Dxxx

lucy-lou

Good luck, I started my diary yesterday too after lurking for a few days and it is the kick up the bum I need!!

I have given myself 6 months to clear my debt and for the first time in 8ish years and determined to do it.

I am going for a payment a day to keep plugging away at it! So will see how that goes.

I will subscribe to your diary and follow your progress, I like that we have started together! X

Fivebyfive

Thank you

Hi Lucy-lou I have subscribed to your diary also, good luck with the journey and payment a day sounds like its working so far.

I like how your signature is set, It might just be the thing i need to keep me updating as I pay :-)

lucy-lou

Hi Fivebyfive,
Thanks for subscribing, knowing people are watching definitely helps.
I am using my signature for 2 things:
1) to keep track of total progress
2) because I will not want to increase the total owed so should stop me spending on the cards!
Fingers crossed it works!!

Fivebyfive

Hi Lucy-Lou
I see what you mean, its so much easier to keep track of.

I have tried so many times to get a voucher on B0unts, I'm refreshing every few mins now, this is definitely the last time i am using the app. Its a shame really as it really spurned me on with the fitness.

Had to 'borrow' money from another budget category to pay for DS1 phone top up as i forgot to budget for it this month. I've been using YNAB for a year now and love it. I still end up spending out of my budgets though so i need to clamp down on that.

Waiting for my refund from b0unts and money from Ch3ckout Sm&rt in next week or so which should keep me afloat until Payday next week. I did want to pay it towards debts but its going to have to be put back in budget.

ab_saver

Hi - just stopping by to offer some encouragement - you seem very on it. Budgeting can be a bit of a nightmare as I find unexpected costs have a habit of cropping up (or I'm not leaving enough leeway... hmm...) but you have a plan for where the money is going to come from (this doesn't involve more debt!)