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Last £5000 to clear
Comments
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Oh that's a good idea!Bizzywizard said:Well done on your journey. You sound like me! The only thing I have done differently was switch two bank accounts, so I have free money, which got rid off my overdraft. So might help you too. Sorry my question mark does not work.
Store card £140 £117 - Store card £150 - Overdraft £200 - PayPal £364 - Loan 1 £5052 - Loan 2 £1733 - Credit card £2890 - Car hire purchase £3200 - Savings £0.1 -
You are almost there - and years ahead of me. Stop beating yourself up and celebrate what you have achieved.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
(If took bigger lump sum = 53.3K or 41.8%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise)
(If bigger lump sum £15.8/30K 52.67%)
5) SIPP £4.8K updated 29/7/251 -
Blooming nora woman. You're knocking it out of the park! That's amazing. Come summer you'll be a different person. One with only one creditor. Amazing work pidge xxxLoan 1 £5200/£8000
Loan 2 £300/£5800
Total £5500/£138002 -
Thank you so much!!!Kitten868 said:Blooming nora woman. You're knocking it out of the park! That's amazing. Come summer you'll be a different person. One with only one creditor. Amazing work pidge xxx
Really appreciate this!!Store card £140 £117 - Store card £150 - Overdraft £200 - PayPal £364 - Loan 1 £5052 - Loan 2 £1733 - Credit card £2890 - Car hire purchase £3200 - Savings £0.1 -
You should congratulate yourself on almost paying off the second overdraft and the loan. When those are gone it will just be the credit card. Just think how great that will be.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
The 365 Day 1p Challenge 2025 #1 £667.95/£391.55
Save £12k in 2025 #1 £12000/£110002 -
Thank you so much for this. Your advice has been invaluable for a lot of us.enthusiasticsaver said:You should congratulate yourself on almost paying off the second overdraft and the loan. When those are gone it will just be the credit card. Just think how great that will be.
It's going to feel so good to get down to one debt and that is only 4 months away. Not long at all.
Store card £140 £117 - Store card £150 - Overdraft £200 - PayPal £364 - Loan 1 £5052 - Loan 2 £1733 - Credit card £2890 - Car hire purchase £3200 - Savings £0.2 -
Glad you are feeling more upbeat!Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
(If took bigger lump sum = 53.3K or 41.8%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise)
(If bigger lump sum £15.8/30K 52.67%)
5) SIPP £4.8K updated 29/7/251 -
Hi, just wanted to stop by and say well done on your achievements so far! Amazing work
3 -
Thank you so much for the positive comments and support!
I worked out my budget for 25th March through to 25th April last night.
I won't be able to pay the £250 off my overdraft. I will pay £150 off though and if any babysitting jobs come in, I'll use that money to clear a bit more.
I'll make my loan payment and an over-payment too. Then there will just be 3 payments to go!
On June 25th, I'll make my last loan payment. I've done this a bit topsy turvy but when the final loan payment is made, I will start to focus on my £1000 emergency fund. I really regret not doing this when I started out in February 2018 but I am going to crack on with this as soon as I can.
Happy Sunday... The sun is shining here xStore card £140 £117 - Store card £150 - Overdraft £200 - PayPal £364 - Loan 1 £5052 - Loan 2 £1733 - Credit card £2890 - Car hire purchase £3200 - Savings £0.1 -
look at you flying through this debt well done pidge you're doing amazing xxNEXT TARGET: Halifax credit card DEC 22 £0 / £4499.12POAMAYC 2011 £6378.35 POAMAYC 2012 £5000.78POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14POAMAYC 2015 £7565.24 POAMAYC 2016 £8000.90 POAMAYC 2017 £7278.80 POAMAYC 2018 £13208.18POAMAYC 2019 £13309.28 POAMAYC 2020 £15026.053
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