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Pay ALL your debt off by Xmas 2020

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Comments

  • Fabulous 143 yahoody x
    DF by 2023 No 17 £1,644 /£6000 Total debt £18,000 at the start of DFW Journey. 201814TH JULY 2021 DEBT FREE now in control365 1p challenge No 49
  • ZaSa1418
    ZaSa1418 Posts: 651 Forumite
    500 Posts Third Anniversary Name Dropper
    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/£1095.00
  • #143 I'm debt free!!
    That's awesome news @Tortoiseshell20 !
    Congratulations on your debt freedom!
    Whoop Whoop!!!!!!!
  • Latest Update 
    3935.89/11885 34% trying my best to be positive about clearing this by Christmas
    Bright note I do have £3000 in savings keeping that in case I loose my job in another lock down
    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? 
    Trying to figure out is it worth making little payments weekly or a big payment when due?
    Thanks
    NewStarter09
    H NewStarter,
    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. 
    Bizzy
  • 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!
    Bizzy
  • ZaSa1418
    ZaSa1418 Posts: 651 Forumite
    500 Posts Third Anniversary Name Dropper
    #143 I'm debt free!!
    congratulations 
    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/£1095.00
  • 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.
  • ZaSa1418
    ZaSa1418 Posts: 651 Forumite
    500 Posts Third Anniversary Name Dropper
    edited 10 September 2020 at 3:44PM
    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 go
    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/£1095.00
  • Danspen
    Danspen Posts: 31 Forumite
    Third Anniversary 10 Posts
    edited 10 September 2020 at 10:19PM
    Chipping away, slowly 
    #120 - £5966 / £7500 = 79.5%
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