New diary

fatrab

Absolutely delighted for you! I'm so pleased that you've got the overdraft completely wiped out, I remember being stuck in mine every month, it was horrible.


Please do keep in touch and let us know how you're getting on. I'm sure other folk will pop up in similar situations to yours and you can tell them your story and that it can be done!


You've been so determined from the start and it's paid off. Well done

Debtnomoreplease

30th April 2018-Overdraft done and dusted! To be no more!!!! Eeekkkkkk!!!

My debt today stands at £399. I will aim to clear down to £350 by the end of the month.

Money in savers, a few bits for the rest of the week and my
Weekly budget set. Feeling super determined! I'm aiming to pay an extra £50 off last CC (luckily 0%) by the end of the month and have another £100 to put into my savers....planning on smashing the overtime in second job.

January 30th 2018, my debt stood at £4000. I've overcome my biggest, scariest debt...£2500 overdraft. I've been so focused to pay it off, as I was scared the bank would just one day take it away and leave me in a huge mess! The letter from Halifax stating they were changing overdraft fees late last year, really made me re-think....was I paying for nice things for myself? Nope, paying a lot of my wage to the bank!!!! Never again!!!

Feeling chilled, happy and determined to clear £399 and get some serious savings behind me.

Happy Monday!

pidge04

Your diary is so inspiring!

How well you have done!

I cannot wait to be in the same position as you one day.

Amazing!

Debtnomoreplease

Thank you Pidge :-)

I don't know where the last few days have gone!

Anyway, still doing my nightly budgets and reading up on diaries etc...keeps me motivated.

Still working second job and overtime, so feeling very tired...always seems to hit me mid week!

Anyway, by the end of the month I'm hoping to be 100% debt free with minimum of £800 as emergency fund.

Debtnomoreplease

Wow, I can't believe it's the 20th of the month!! Doesn't time fly when you're debt busting!

Nothing major to report, had a few unexpected bills and thugs to pay for, but I have been so thrilled I've been in a position to help and friend out, who has had a terrible time lately. It's awful, but in the past i have avoided friends sometimes (if it meant putting my hand in my pocket) not because I'm mean with my money, but because not had the money to help. Etc. I don't mean paying loads out, I'm mean being able to buy extra bits of food in to cook for him etc, which I've been able to do this month. I could of used that extra £50 or so I've spent on paying my last £399 off. However, I think it's gone to much better use. As my friend is forever grateful.

Got me thinking back to all the things I've missed out on,m because of being in debt-what a waste! Never again will I get in such a mess! Remembering all the things I've missed out has really motivated to never be in that position again.

Things I've gained whilst becoming debt free and lessons I've learnt:
sleep! Something that is so unbelievably valuble. I'm useless without sleep, so I 100% need it.

stress and worry is a killer. Feelings I don't handle very well and need to always do my best to not ever create these feelings for myself again. Obviously sometimes things can't be helped, but I created this mess this time and created stress and worry for myself.

Confidence and determined attitude to not give up! I've had this final £4000 in my sight and been ready to smash it from January! Shame I wasn't as focused when it was at £11,000, but we are here to learn lessons.

amazing how far a fiver can go (when you have to)

the value of not wasting food and the value of good food. Sadly, the nice joints of meat etc have gone out of the window (mostly) but that's not forever.

De-cluttering is so therapeutic and mind relaxing! Also, makes you an extra bit of cash on the side ;-)

Payday loans-never ever again! Once taken, extremely easy to fall into the dreaded cycle.

Tomorrow never comes. If you want to do something, do it now and don't wait to start tomorrow or I'll deal with that tomorrow...most of us know, 2+ years later and £1000s more in debt!

This site is amazing!

And much more, but the sun in shining and I'm off for a walk. Will update later!

Happy sunny, Sunday!

Debtnomoreplease

Nearly pay day and debt free!!! Seriously can not wait for final card to be paid in two days and to have some serious savings under my belt...will take a few months. However, been so used to paying out huge amounts a month on debt, so will be easier to save and see it grow.

Debtnomoreplease

Been up since the crack of dawn with pure excitement!

31/05/18=IM DEBT FREE!!!!!!!!

Not only am I debt free, I've managed to build a £1000 emergency fund too.

The year can only get better! All the overtime and second job, with a full time job, little babysitting jobs here and there, less spending and being totally focussed has been so worth it!!

I've paid over £4000 off and saved £1000, since January this year. A few bumps in the road as to why it's not been paid off sooner, but nothing major and that's just life-likes to throw a few extra bills in when you feel organised! Ha ha!

The thought of my wage being mine next month is one fabulous feeling! However, I'm so very aware of how easy it was to get into debt, so I will not relax until I've got my saving pots full. I will still do overtime-maybe not as much, as I'm truly exhausted!

I will still do a weekly budget too.

Next steps:
.Add another £1000 to emergency fund.
. Start Christmas fund-£500 (I don't go crazy at Christmas) it's about spending time with friends and family for me.
. Car fund-£1000 minimum.
. Holiday fund-not sure how much yet.

Overall, It's taking me my whole late 20's to pay off well over £11,000 not including the shocking interest! Sadly, I only got seriously focussed on my last £4000. If I'd of been this focused from the beginning, it would of been paid off a long time ago. But no point dwelling-I've done it!!!

I'm working today and tonight-no rest for the wicked ;-) However, tomorrow I will treat myself to a bottle of wine and a yummy takeaway. I could go out, but I'm no where near comfortable wasting money on a huge night out! So friends, wine and takeaway as my celebration is all I need.

This isn't a 'rub it in' statement, i hope it encourages people to grab their debt with both hands and smashing it to pieces! I've got that many little booklets full of budgets, £100 cross etc it truly made me focus. My favourite method, which helped me see the money go down. I have envelopes with each debt I had, in that envelope I used Monopoly money to show how much money I owed to that debt. Taking a few £100 out each month, really helped me see the debt go down physically and mentally for me and when one envelope was empty-it really spurred me on to empty the next envelope.

I will keep updating my savings goals etc on here and keep checking on others on here.

One happy, exhausted bunny!

Debtnomoreplease

I just wanted to add the sort of debt I had. Firstly, (years ago) started off with a credit card which I ran up, so in came the pat day loans (absolute nightmare-I never missed a payment, but that's because I got other loans out to cover them and so on) lost a lot of sleepless nights due to those loans and interest rates!! So then followed the bank loans, and £2500 overdraft-my recent nightmare!

I can not thank this site enough and for the likes of enthusiastic saver to tell me to clear my overdraft, after many years of burying my head I didn't realise the bank could take that overdraft back at any time-more sleepless nights! Never again!

So, credit cards (for more) bank loans, payday loans, family loans and overdrafts was what got me in such a mess. All my fault, I know.

In a way, I'm glad it's taking along to clear all this debt (years) as its been hard and exhausting and far from easy. If it as easy, no doubt I'd be back in a mess sooner rather than later, but not a chance I want credit for anything again-the thought makes my stomach turn!!

wishingthemortgaheaway

Wooooo hooooooo congratulations. And well done.

What a great way to end May.

Well done.

Debtnomoreplease

Thank you wishingthemortgagheaway.

Certainly a good way to end May! ;-)