Back again and hoping to make it stick this time

lynnsey30

Well after a few years in the debt wilderness I have decided 2019 I am going to tackle my debts head on. So I'm going to keep this diary so I can see the progress and probably set backs along the way. At the moment my debt free date is August 2026 but I would like to make it earlier than that.

lynnsey30

Small victory in the shape of a no spend day today hopefully have the same tomorrow and Monday than I will be able to pot the bit I have in my purse

lynnsey30

Became a Granny again yesterday and another nsd so all in all a good day. Popping the change from my purse into my pot today as don't need to buy anything. Couple of debt payments going out tomorrow so balances reducing slowly but surely

lynnsey30

Been a crazy week so not had chance to update not been making those pads but money coming in tomorrow so going to get back on it. Realistic target for the year is to pay off my lowest lowell account and to cover all the interest on the hsbc loan.

Homegrown0

Congratulations on becoming a granny again and welcome to new diary-hood.

Have you got a plan?

beanielou

Happy shiny new diary
Congratulations on another grand child

lynnsey30

Thanks for the welcome and congratulations my plan is to make at extra payments I can and rework the budget every 2 weeks as this is how often I get my esa just worked out how much of paid in January and it comes to £232.42 over 1% of my total debt very pleased with this and hoping to build on the momentum in February

JohnJ76

Hello, good luck with your diary. And you have every right to be pleased, it is 1% you don't have to worry about and is certainly much more encouraging than for the debt to go up by 1%. I have a spreadsheet that colours in a square whenever i hit a %, not much on it yet but more than a a few months ago!

lynnsey30

Johnj76 that's a fab idea love the thought of being able to see the 1%s add up. Managed to pay another £35 off yesterday so good start to February also set up a payment plan with another company so I'm pleased about that.

lynnsey30

Well another £84.30 paid off to various places today and iv nearly hit my 1% for February and it's only the 5th!!! Loving seeing these balances reducing its quite addictive actually

JohnJ76

well done, can't take credit for that idea though, when we saved for a house deposit i read that someone had drawn a house made of 100 squares, each one a % of their target so we did the same. Visualizing something is a great way to keep motivated, whether it be squares or seeing balances fall. As you say, it then almost becomes addictive wanting to get to the next milestone, and the 1% targets are a very manageable way to do it no matter what size the debt (or goal) but you are making it look easy so I think you need to stretch it to 2%+ this month :-)