We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a very Happy New Year. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
Pay ALL your debt off by Xmas 2018
Comments
-
#29 checking in with £5,683.10 paid / £12,500LBM Aug 2017.
Debt at LBM - £30,055
Debt at highest - £43,148.59
Current debt - £18,880.00
EF - £1,000.00
Challenges
PAYDBX 2021 - #29 Pd £2,355 / £8,000 PAYDBX 2020 - Pd £6,459.00 | PAYDBX 2019 - Pd £16,945.60 | PAYDBX 2018 - Pd £15,010.60.0 -
#22 checking in with another £35 paid
£708/£5000Total debts £21050! :eek: now £10941. 76. Total extra income made in Jan22 £109. 27 Feb 22 £45.25 Total extra income made in 2022 £154.52 Aiming for debt free at 45 - 41 months to go!0 -
#98 Checking in with my monthly update. Just been paid and have allocated another £500 to the debts this month:
As my cards are on 0% I'm paying just over the minimum and the rest into savings in an interest paying account so a grand total of £2565 has bitten the dust.
I've just corrected the totals as I'm confusing myself with what the balance on the cards is now and what it was. I have savings of £2300 which, with minimum payments made, leaves £5000 left to pay of an original £7565 = £2565 paid off.
I also received the bank switch fee of £150 (I had included in the figures but wanted to report it)
OSWL (start 13st) by 30Jun20 6/10
£1/day Xmas'20-62 £214/£366 saved
Grocery Challenge Jun £742/£320 spentHomeowner wannabe by July 2020 - WooHoo!!
Starter Emergency Fund £1000/£1000 saved0 -
#145 £7957.01 / £19261 (41.31%)0
-
#22 checking in again
Another £22.50 paid so now £730.50/£5000Total debts £21050! :eek: now £10941. 76. Total extra income made in Jan22 £109. 27 Feb 22 £45.25 Total extra income made in 2022 £154.52 Aiming for debt free at 45 - 41 months to go!0 -
#82. £3657.72/9547
great big thanks to allJan 2025 £26561.43/£0. I want to clear £9000 this year (2025)0 -
Hi, can I join please? Have recently graduated form Uni and have a total of £5633 over various credit cards and accounts, not including my overdraft as that is interest free for the next 2 years, and am gradually paying that off each month. All debts are on 0% apart from my AMEX card which is my main daily usage card and is paid of in full each month.
I am now working and picking up overtime shifts when able to so am aiming to make a decent dent in the debt this year, however we are in the process of buying a house so need to be realistic with my target. I aim to pay off this amount over the next 2 years.
Thaaaaaaaanks :-)Total debts £6471.03 / £6261 all currently on 0% interest
Make £2018 in 2018 = £1010
Focus on 1% challenge = £64.500 -
#81 checking in at 48.5%, 4.85k/10k
My £250 regular saver doesn't come out until the end of the month due to direct debit timing, but comes out of the pay I just received, so this month I will officially hit 50% debt paid, actually 51%.
I've calculated that at £350pm it will then be 14 paydays exactly if I continue paying at this rate. So DFD of June payday 2019. I will have savings at Christmas which would be more then my debt owed, but I think I will end up keeping it as my emergency fund and paying off the debt until June.19/12/14: Spent 10 years of savings!!
:heart2: ..... to buy my first home. :heart2:
11K OP 31.03.19
Current goal: €151,000 deposit Ireland and counting, to buy Spring 2022 we hope!0 -
#145 £7962.01 / £19261 (41.34%)0
-
End of month update from me
#159
£1196.84/£7500 = 15.96 %
Had a very good month!My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £46444.23 :eek:£40773.61 /£46444.23 87.8% paid0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.8K Spending & Discounts
- 246.1K Work, Benefits & Business
- 602.2K Mortgages, Homes & Bills
- 177.8K Life & Family
- 260K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards
