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Pay ALL your debt off by Xmas 2020
Comments
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Fabulous 143 yahoody xTotal debt £18,000 at the start of DFW Journey. 2018 14TH JULY 2021 DEBT FREE / 2026 trying to stay debt free2
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Sent another little payment so only have 558.85 to go.
£3,259.78 / £3,818.63
LBM Debt Total : £48,326.50
Pay All Your Debt Off By Xmas 2023 - #50 £1,495.29 / £12,000.00
Saving For Christmas 2023 - £1 a day challenge - #6 £100/£1095.003 -
That's awesome news @Tortoiseshell20 !Tortoiseshell20 said:#143 I'm debt free!!
Congratulations on your debt freedom!
Whoop Whoop!!!!!!!1 -
H NewStarter,NewStart09 said:Latest Update
Now putting things on Ebay to sell to add to my weekly contributions rather than make monthly payments some how I incrued more interest even though my combined monthly payment was double the minimum? Cant get my head around that - as I paid less interest last month?3935.89/11885 34% trying my best to be positive about clearing this by ChristmasBright note I do have £3000 in savings keeping that in case I loose my job in another lock down
Trying to figure out is it worth making little payments weekly or a big payment when due?
Thanks
NewStarter09
How much are you paying in interest? How many credit cards do you have and who with?
I get you wanting to hold onto your savings...but I suspect you will be paying more in interest incurring debt than you will sat in your savings account (Mine is about 0.95% at the moment which is pants). Please check out Martin Lewis main site he explains about using your savings to pay off debt unless its on 0% deals. If you pay off say £2500 and keep £500 back you then might be able to get some 0% balance transfer deals which would help with the debt busting.
Please note I am not trying to teach you to suck eggs, I am trying t help.
Best of luck.
Bizzy0 -
Evening Everyone,
#030 in the house!
DH Virgin CC 0% paid £158 DD today remaining £1092
MY Tesco CC 0% paid £492.50 DD today remaining £1477.50
Total debt was £10,033.44 in Jan 2020 Now £2569.50
PS Things went a little wrong last month with Easyjet, s the figures were wrong last month...but back on track this month!
I have some survey money due in the next few days, so will report back and hope a few more ebay items will have sold by then too!
Keep up the debt busting...every little bit helps!
Bizzy4 -
congratulationsTortoiseshell20 said:#143 I'm debt free!!LBM Debt Total : £48,326.50
Pay All Your Debt Off By Xmas 2023 - #50 £1,495.29 / £12,000.00
Saving For Christmas 2023 - £1 a day challenge - #6 £100/£1095.002 -
Paid £16.82
#134 - £5,120.09 / £7,985 - 64.12%
EMERGENCY FUND CHALLENGE - £2,292.05 / £6000
DEBT FREE DATE - 16/02/2021
Pay Debt by Xmas 2021 - No.134 - £2,871.64 / £2,871.64 - 100% Paid
Pay Debt by Xmas 2020 - No.134 - Target: £7,985 / Achieved: £5,113.36
Pay Debt by Xmas 2019 - No.134 - Target: £15,985.00 / Achieved: £8,0005 -
Good morning everyone! Please put me down for £10 to the usual CC which now makes it £420.14/£1000 paid.Number 17-Pay off all your debt by Xmas 2024 Tesco CC £50/£127.95 Debt=39% paid.3
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Paid another £65 towards the card and got an interest adjustment credit from the last payment so.
£3,324.83 / £3,818.63 - £493.80 to goLBM Debt Total : £48,326.50
Pay All Your Debt Off By Xmas 2023 - #50 £1,495.29 / £12,000.00
Saving For Christmas 2023 - £1 a day challenge - #6 £100/£1095.004 -
Chipping away, slowly
#120 - £5966 / £7500 = 79.5%
4
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