1 debt vs 100 days chapter 31

edited 13 April 2019 at 9:40PM in Debt-free Wannabe Challenges
411 replies 25K views
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  • chocolatebumchocolatebum Forumite
    334 Posts
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    can i join in please, i did do this previously but kind of fell by the wayside the last time.

    i plan on clearing my debit with the highest apr which stands at £489.45

    things i have did previously when doing it,

    100 square to colour in, i divide what i want to pay by 100 and every time i pay of 1% i colour in a box (nothing more satisfying than a bit of colouring in)
    i round down account on a sunday night to the nearest £5 and send the extra to debt payments
    savings made when i go food shopping i put into an account and if it hasn't been needed throughout the month it goes to the debt (e.g if during my weekly shop it tells me on my receipt i saved 2.30 on the shopping i will transfer that into account, i don't pay it straight to debt in case it is needed for food budget throughout the month but if at end of month it hasn't been used then it goes to debt payment)
    DEBT
    31/12/2018 = £21,740.10 - 31/12/2019 = £18,581.29 (14.53% PD)
    31/01/2020 - £18,685.22 (14.05% PD)
  • edited 5 January 2019 at 12:21AM
    AmaraAmara Forumite
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    edited 5 January 2019 at 12:21AM
    Hi Chocolatebum, pleased to see you. What's a lovely idea with colouring! I like it. I think my problem is this £2.30 saved on shopping is nothing, so I don't count it. But I should, we know old say about looking after pennies. I added up recently all my spendings through the month and I had £1449.46 figure. It seems to me too much. It includes mortgage, son's swimming lessons, life insurance, everything except food, another £300 , debt payments £420 and savings £200. I build up savings a bit and then something happens to the car and I have to use them to fix it. Frustrating.
    Robi90, that's interesting what you said about being mindful with money rather looking for earning more. I've always had in mind I need more income. I do, but it works both ways.
    1 debt vs 100 days challenge part 35 100/300
    Gaining assets :T
  • crazy_cat_ladycrazy_cat_lady Forumite
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    Any change I get that is smaller that a £1 coin goes into a money box and at the end of the month I add it all up and pay it towards the debt. It's a small amount that soon adds up...
    I also have a post it note on the inside of my purse that says in huge capital letters 'No Debt No Mortgage' - it's a tip from Frugalwoods, but it's amazing how it makes me think twice before I start spending.
  • millionaire_in_trainingmillionaire_in_training Forumite
    5.8K Posts
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    I’m excited to get started :j
    5 Year plan. April 2020 to June 2025- CC and mortgage free by time I'm 60
    Currently CC £23,674.36 /£14,895.41/£14315.42
    Mortgage £28,214.65/ £26,254.71/ £25,746.43
    By end 2020 I want CC at £ 19,000.00.
    By end 2021 I want CC at £10,000.00
  • AmaraAmara Forumite
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    I took old piggy bank and put my change there. I've got over £1 already :D
    1 debt vs 100 days challenge part 35 100/300
    Gaining assets :T
  • can i join in? my goal is £2000 in 100 days! i have started a little early as payday was yesterday so ive paid £230 so far!

    it wont make a huge difference in our debt but its a good start!
  • beanieloubeanielou Forumite
    77K Posts
    Part of the Furniture 10,000 Posts Mortgage-free Glee! Name Dropper
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    can i join in? my goal is £2000 in 100 days! i have started a little early as payday was yesterday so ive paid £230 so far!

    it wont make a huge difference in our debt but its a good start!

    It all helps :)
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~**
    MFW. Finally mortgage free February 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.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. ***Be the difference.***
  • LoLoLoLo Forumite
    545 Posts
    Part of the Furniture 100 Posts
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    Nearly time to get started. I’m feeling really focused this time round and hopeful that this is the year I sort myself out financially. I used to be really good at saving for things and then when I was married we got in the habit of paying for things on credit cards and not worrying about the interest etc. Now that I am divorced I want to regain the good habits I used to have.
  • Sun_AddictSun_Addict Forumite
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    I've taken time over the last few days to try and set a budget for the coming year. I decided to try the 50/30/20 approach. 50% of income for needs such as bills and food, 30% for wants such as holidays, clothes,etc and 20% for debt/savings. I've got spreadsheets set up and it all looks do-able, I just need to stick to it :)

    The debt has to be paid off by the end of March or I'll have to pay interest or do a balance transfer - I am determined not to do either.
    Christmas Savings 2021 £518.15/£600
    Emergency Fund £5400/£10,000
    September NSD: 6/12
  • Calling14Calling14 Forumite
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    And I' m off the starting blocks £190.80 paid today. Result of staying in trying harder not to spend this year, avoided sales so far.



    £190.80/1716.80 £1526 left to squash.


    Thanks Amara, hope to back on with another payment this week. Fingers crossed x
    LBM 13039 1.1.13 Now £0 Finally Debt Free
    Mortgage free Oct 2019:)
    EFund/savings £18051 11/8/21
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