500 days to debt free-achievable????

500daysaway · 6 January 2018 at 9:00AM

The last five years have been spent on exotic holidays, friends getting married so of course costly hen weekends, going to wedding usually as not closely incurred a hotel stay, present, new outfit, hair, nails, beauty etc. Good memories though! Then came the babies, baby showers, present’s, 1st birthday parties! I know I didn’t need to spend but obviously had no idea about my incoming/expenditure! Horrified to say the least!

Mumoffourkids · 6 January 2018 at 9:28AM

Hi, just read through your diary. You have a great amount to put towards your debt but only if your budget is realistic as others have said.

I have debt of just over £23000 but there is only me earning in my house and I have six kids! I have budgeted for treats and activities for the kids and if it takes me a little longer to pay my debt off then so be it.

If your budget doesn't work then don't be afraid to change it and spend a bit more in yourself. If you don't you may go mad and have a spending spree!

Good luck and I am sure you can do it.

500daysaway · 6 January 2018 at 9:49AM

Thanks Mum of four kids, I think if I can get the interest costing stuff paid off first I’ll increase my budget for treats to pay off the 0% debt but right now I feel sick about the debt so couldn’t even think about spending any more! Good luck with bringing down your debt.

500daysaway · 6 January 2018 at 12:11PM

:mad:Have signed up to yougov to see if I can make any more cash. Ebay not going si well!

MeenaM · 6 January 2018 at 12:20PM

Hi and welcome

If you are looking for some inspiration why not take a listen to Dave Ramsey podcasts , free to listen to from your phone, they are inspirational imo

you will get there , stay focused on the light at the end of the tunnel and believe me when you make that first payment towards reducing your debt it feels so good! you will just want to continue doing it ,

good luck

MeenaM · 6 January 2018 at 12:22PM

500daysaway wrote: »

:mad:Have signed up to yougov to see if I can make any more cash. Ebay not going si well!

im doing that one too , at least is doesnt waste your time by booting you off if you dont qualify for the survey after spending time answering the initial questions , i have 1250 points so far since starting in November , 5000 needed for £50

ebay is slow i think atm a lot have said that

500daysaway · 2 March 2018 at 8:22PM

So 54 days down and I have managed to transfer everything onto 0% so have incurred some charges for the transfers. I have reduced my overall debt by £1200 although it is not as much as I would have hoped for at this stage.

500daysaway · 4 April 2018 at 6:35PM

So I am exactly 3 months into my debt free diary and so far I have only managed to shave off £1108 off so I still have £28314 to go! !!!128561;!!!128561;
My overdraft charge was £41 this month.

enthusiasticsaver · 4 April 2018 at 7:33PM

If all the cards are now at 0% I would tackle the overdraft next. £41 charges for one month are extortionate.

500daysaway · 4 April 2018 at 7:43PM

I know! I have worked out how much I need to pay to each card in accordance with when the 0% runs out. I cancelled a trip away at end of Feb so managed to not spend what I would have but then after my car running like a dream it cost me £700 last month to fix it. I had no success with Ebay and generally have felt I!!!8217;ve lost all hope!