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My journey to becoming debt free in 2018

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  • System
    System Posts: 178,351 Community Admin
    10,000 Posts Photogenic Name Dropper
    Upped my credit card limit to £1250 yesterday, won't ever use over 50% of that, want to keep it low as possible.

    Hopefully that'll help my credit, also paid off this months payments today as I was getting impatient waiting for pay day on Tuesday lol. Will replace funds on Tuesday, but good news is I'm below £1000 now.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • beanielou
    beanielou Posts: 95,599 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    You are getting there :)
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.     ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • System
    System Posts: 178,351 Community Admin
    10,000 Posts Photogenic Name Dropper
    beanielou wrote: »
    You are getting there :)

    Definitely, it feels good to be at this stage, I know my credit won't change much from here due to my amount of defaults but I've not missed a payment on anything in a long time, so hopefully it increases a little more with the debts being settled and me paying off my phone contract etc.

    A picture of where I stand today, 23rd July 2018.

    gvYLJgF.png

    Think I'll be cutting October off and just overpaying in September. Makes more sense to do, I don't really see the point in waiting.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • System
    System Posts: 178,351 Community Admin
    10,000 Posts Photogenic Name Dropper
    edited 1 August 2018 at 1:19PM
    Tidied up my graph a little to make it better to view...

    Here is where I stand, will hopefully clear off October's debt during September, but I may pay off my last payment to my girlfriend. The good news is, by October I'll have an extra £800 a month to save...

    ZMgpWqE.png

    Pretty cool to think I started out here
    Tu7rvW1.png

    I'm glad I've kept to it, it needed to be done.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • System
    System Posts: 178,351 Community Admin
    10,000 Posts Photogenic Name Dropper
    In other news, I have now finished paying off all the dental work I wanted doing :-)

    So now these final 2 months are literally my last debts, hopefully that's the last of it going forward also!
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • System
    System Posts: 178,351 Community Admin
    10,000 Posts Photogenic Name Dropper
    Talking to myself a bit here, but paid off £100 towards October's debt yesterday.

    Will pay off the remaining £185 by next month, just putting spare money here and there towards it. So my debt should be finished by next month, at the absolute latest. So the schedule has worked out just about right, which is perfect as I start my new job in February, so need to save as much as absolutely possible!
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • beanielou
    beanielou Posts: 95,599 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    vq12 wrote: »
    Talking to myself a bit here, but paid off £100 towards October's debt yesterday.

    Will pay off the remaining £185 by next month, just putting spare money here and there towards it. So my debt should be finished by next month, at the absolute latest. So the schedule has worked out just about right, which is perfect as I start my new job in February, so need to save as much as absolutely possible!
    Sounding good:T:j
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.     ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • System
    System Posts: 178,351 Community Admin
    10,000 Posts Photogenic Name Dropper
    Wish next week would hurry up so I can pay off my EE balance lol!

    I'll probably end up doing it this week and just moving the money over on payday, eager to close them off now lol!
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • System
    System Posts: 178,351 Community Admin
    10,000 Posts Photogenic Name Dropper
    PZcxXQA.png

    13/08/2018

    Let's do this, I want to get this done by next month!
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • beanielou
    beanielou Posts: 95,599 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Not long now :)
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.     ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
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