Debt Free By 2020

DebtBuster2017

Another day almost over and one step closer to pay day and my last ever Argos payment! I already have the letter written out to them to cancel the card once it's paid off

DebtBuster2017

Woohoo and I've just spoken to someone about the old credit card I cancelled and they've confirmed it's been closed as of today, not before they tried to persuade me into keeping the card mind you!

[Deleted User]

Brilliant xx

missmental123

Hi,
I'm hoping to be debt free by March 2020 too!I think 2020 has a nice ring to it!
Good luck with it all.
MM

DebtBuster2017

Thank you MM, good luck with your journey too

Had a letter today from aqua saying they are reducing my interest rate by 8% per annum - thanks but I've no intention of using it again. Only two more payments to make on this card then it's being cancelled.

monz

Hey

Have you considered doing surveys. These helped me loads (infact got me officially out debt 6 months earlier and a chunk house deposit winning grand prize) helps with xmas and that xxx

niamh3012xo

What website did you use for this?!:p

DebtFreeDuo

DebtBuster2017 wrote: »

Hi DebtFreeDuo, yes I think you're right and I should put the extra to my savings account. My problem is I'm very impatient and just want this debt gone as soon as possible. I find it all so confusing and I'm constantly checking my balances wanting them to come down quicker than they currently are. I'm paying over the minimums on all of my debts but they still seem to come down so slowly. I think I just need to chill out a bit and stop obsessing over it.

I know exactly what you mean, why don't you look at it as though your savings cancel out a certain amount of debt? Take me, I currently have £4000 in my help to buy ISA, it makes more sense to leave it there because when I'm finally ready to buy I will get a 25% bonus from the government plus I get interest each year, now I could use this to clear off some debt but the way I see it is that I will be worse off doing this and if I wanted to at any point I could pay off debt with this so in actual fact my debts are more around the £2k mark than the £6k mark. This should hopefully help give you some motivation in that if you touch your savings you will effectively be adding to your debt.

DebtBuster2017

Sorry for the late replies, been trying to take a step back so I don't get too obsessed with the debt busting!

I do the isay surveys that pay amazon vouchers but would love to know what website you use, a grand prize win sounds awesome!

DFD you're right, I will definitely build up my savings as I think this would be more beneficial in the long run. My ultimate goal is to save enough for a deposit for my own place, and once I've got my debts down considerably then I will open a help to buy isa.

DebtBuster2017

Payday yesterday and the last payment to Argos has been made so that's one debt gone forever