Debt free before August 2023

savingholmes

Fabulous. As soon as my new mortgage goes through I want to do a bank switch too. I could do with that kind of boost

Poppy1984

Hey 👋 

I am on top of the world!!! I've managed some more overpayments and managed to bring my loan to one payment remaining ONE that means that next month will be my final fixed payment 😁😁😁😁 I've got just over £100 to find to overpay to make sure it's all gone by the end of the year.

I actually cannot believe this, I am sooo sooo sooo excited!!! It feels like it's been like this for so long and that this time felt like it would never come. 

This time next month I will be celebrating becoming debt free 🎉🎉🎉🎉 

to anyone that might be reading this who has just began their journey or wanting to begin but not there yet. You can do this!!!!! Almost 4 years ago I was in such a mess that I thought I was going to have to declare bankruptcy and lose our home I couldn't sleep and I couldn't concentrate at work. It's the best thing I ever did dealing with this debt and I will never ever get into this situation again. 

I will update again when the time arrives, I can't wait to add to the roll of honour 😁

poppy

enthusiasticsaver

Well done on almost getting rid of the debt.  How did you manage the overpayments with your income drop?  You are very focused.  

Poppy1984

enthusiasticsaver said:

Well done on almost getting rid of the debt.  How did you manage the overpayments with your income drop?  You are very focused.  

Thank you! 

I've been using the app olio to collect food that would have been thrown away for free which has really helped me save money on my food shopping which was my biggest outgoing after bills. I am very strict with meal planning so every penny saved I've thrown at the loan. 

Also something we had planned was just cancelled so that's freed up some extra money which again I've thrown at the loan. I also cashed out some money earned on prolific, shoppix, Quidco and top cash back and used that to over pay too.

Poppy

gollygosh

Hello Poppy, I’ve just read from start to finish and wanted to say how wonderfully you’ve done. Fab attitude and so very close to the end. Nearly time for a new year challenge….saving for the dream house with garden? Brilliant, just brilliant 👍

Poppy1984

gollygosh said:

Hello Poppy, I’ve just read from start to finish and wanted to say how wonderfully you’ve done. Fab attitude and so very close to the end. Nearly time for a new year challenge….saving for the dream house with garden? Brilliant, just brilliant 👍

Oh wow can't believe you read from the start to now @gollygosh thank you so much I really appreciate your kind worlds. Yes that's the plan!!! 😁😁😁 it's been a slog I've had some real dark days but it's 100% been worth every single second of effort to get here. 

Poppy :heart; 

enthusiasticsaver

Poppy1984 said:

enthusiasticsaver said:

Well done on almost getting rid of the debt.  How did you manage the overpayments with your income drop?  You are very focused.  

Thank you! 

I've been using the app olio to collect food that would have been thrown away for free which has really helped me save money on my food shopping which was my biggest outgoing after bills. I am very strict with meal planning so every penny saved I've thrown at the loan. 

Also something we had planned was just cancelled so that's freed up some extra money which again I've thrown at the loan. I also cashed out some money earned on prolific, shoppix, Quidco and top cash back and used that to over pay too.

Poppy

That is brilliant. You are very resourceful. Once the debt is gone you will need to set yourself some savings challenges. What a fantastic start to 2022 to be debt free. 

Poppy1984

enthusiasticsaver said:

Poppy1984 said:

enthusiasticsaver said:

Well done on almost getting rid of the debt.  How did you manage the overpayments with your income drop?  You are very focused.  

Thank you! 

I've been using the app olio to collect food that would have been thrown away for free which has really helped me save money on my food shopping which was my biggest outgoing after bills. I am very strict with meal planning so every penny saved I've thrown at the loan. 

Also something we had planned was just cancelled so that's freed up some extra money which again I've thrown at the loan. I also cashed out some money earned on prolific, shoppix, Quidco and top cash back and used that to over pay too.

Poppy

That is brilliant. You are very resourceful. Once the debt is gone you will need to set yourself some savings challenges. What a fantastic start to 2022 to be debt free. 

Thank you @enthusiasticsaver

Yes, I've started to think about different goals, I definitely want to have an emergency fund and different pots for yearly expenses but now that I'm on top of budgeting I think rather than seperate accounts /pots which I have now. I'll just have them all in one account and use a spreadsheet or my spending app to keep a track of what I've got for each category, eg Xmas, mot, car insurance etc! 

Then I will be looking at saving for things like holidays, new car, house with garden, I'll also need to save some money to help my ds financially. So although I'm going to be consumer debt free money is still going to be tight and I will have to continue to be careful and budget. Ideally I'd like to get a better paid job, but we'll see what happens. I am excited for 2022, a fresh start and new beginning 😁 

Poppy

capuchin

wow, what a journey! Great job

Poppy1984

capuchin said:

wow, what a journey! Great job

Thank you @capuchin 😁😁😁