Small Steps Out Of Massive Debt!

DebtFreeMonkey

Just had a skim read of parts of your diary. You've done amazing and I'm currently taking all the inspiration/motivation I can from your diary!

GeorgianaCavendish

Chrystal wrote: »

Keeping my fingers crossed for you. X

Thank you Chrystal!

Alicia1804 wrote: »

Just had a skim read of parts of your diary. You've done amazing and I'm currently taking all the inspiration/motivation I can from your diary!

Thank you so much Alicia, both for reading and taking the time to leave such a lovely comment. I'm really glad that my diary has been useful

Seasidegal58

GeorgianaCavendish wrote: »

Re: balance transfers, I've got an offer for 0% with MBNA (but 5% transfer fee). I've been hoping that Barclaycard might offer a balance transfer rate, but nothing so far.

Re Barclaycard - is it worth ringing them to see if they will offer you something? I remember doing that when I started debt busting and it did work.

You're doing well Georgiana.

Naomim

Hi GC,

So glad to see you are still here, stealthily debt busting

I've had a long two year break where I went silly and didn't budget, spent and stuck my head in the sand. So I'm back, ready to get stuck in.

NaomiM

GeorgianaCavendish

Naomim wrote: »

Hi GC,

So glad to see you are still here, stealthily debt busting

I've had a long two year break where I went silly and didn't budget, spent and stuck my head in the sand. So I'm back, ready to get stuck in.

NaomiM

Great to see you back Naomi! You can do it! :T

GeorgianaCavendish

It's been a while since I last updated, where did the time go?

As of 4 days ago, I have finally paid off my Student Loan :T
The amount of the monthly repayment can now be snowballed into my tackling my credit card debt, my first significant snowball!

I've got 2 payments left on the HSBC loan with last payment falling at the end of January 2020. I'll then have another monthly payment to roll into the snowball, as well as a small cash back in February.

I've got £400 left on my Lloyds card at 0% promo rate which is expiring at the end of December which is my current focus. After that, my target is £625 on Tesco 0% expiring at the end of March.

ChasingSunshine

You are making great progress with paying down the debt. Well done on paying off your student loan. Great to have one less thing to think about each month and the HSBC loan is nearly gone as well.

Honeysucklelou2

Well done GC! Fantastic news about the student loan!

PositiveBalance

Well done on getting rid of the student loan. :T


Now that you can start snowballing properly you will be able to watch the remaining debts tumble with glee.

GeorgianaCavendish

Thank you so much! I am really happy about the Student Loan being gone, it feels a bit like the end of a chapter (I was vvvv bad with money during my student days).

I have a confession, I went crazy in the Black Friday sales and ordered tons of stuff pretty much just for the sake of it. I sent most of it back today (staggering to the Post Office weighed down with packages) and I feel much calmer now. Weirdly, I think paying off the Student Loan triggered this spending binge - like it is too scary to be free of such a big financial burden. I know I really need to work on it because hopefully I'll be getting rid of more debts in the year to come and I don't want to go through this every time.