Pay ALL your debt off by Xmas 2018

Willowtree222 · 10 March 2018 at 9:24PM

#71 with another £276! X

£2106/10,000so far!

a_silver_lining · 10 March 2018 at 9:39PM

Have now taken my 2.7k savings and earmarked it for difference places. My £1250 in my regular saver is now for debt repayment, so!

£4150 / 10k - 41.5%

I have another £250 going into the saver just before payday and then £100 just after pay day, so by the end of this month will be at 45%

gotta keep chugging at it!

sunshine81 · 11 March 2018 at 8:32AM

#145 £6489.88 / £19261 (33.69%)

After a_silver_lining posting, I don't know whether to withdraw £1000 of my £2000 savings and use that for debt repayment... does make sense I guess...

a_silver_lining · 11 March 2018 at 9:41AM

sunshine81 wrote: »

#145 £6489.88 / £19261 (33.69%)

After a_silver_lining posting, I don't know whether to withdraw £1000 of my £2000 savings and use that for debt repayment... does make sense I guess...

If it helps sunshine81, the £1250 I took off the debt is in a regular saver and still being paid into each month and doesn't mature until August. Technically it is not yet paid off the debt but earmarked for it.

I have an old boiler and an old cat and I know realistically I need a bigger emergency fund before I pay the lump off, probably 3k. So this account gives me a possibility of dipping in. I also have actual savings (the 600 and 795 in my other saving places, which will not be used for the debt)

The reason I have now put the £1250 in the paid debt calculations is that I was getting excited about how much I have saved and I need to stop thinking of it as my money.

I hope that helps x