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Last £5000 to clear
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When do you reckon you'll be debt free?Bottom line;
£49k paid off
Car HP paid off
Debt Free!
Saved Escape fund and moved out.
Current focus; saving Emergency fund2 -
I don't know.... I haven't really thought about it...but I should start to plan for that. I would be really happy if I could get it below £2999 by Christmas. I have to get through this next month and then seriously work out how and when I am going pay this one off. Thanks for asking.... That has got me thinking!Kakiste said:When do you reckon you'll be debt free?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 -
Taste the victory first. Then make your future plans. You're so close! I ended up paying off one of our loans early by like 2 days as I was too excited xxxLoan 1 £5200/£8000
Loan 2 £300/£5800
Total £5500/£138003 -
I can completely understand this! Wow, 53% paid off... Go Kitten! Great stuff!!Kitten868 said:Taste the victory first. Then make your future plans. You're so close! I ended up paying off one of our loans early by like 2 days as I was too excited xxx
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 £0.3 -
How exciting - one week to go! Then down to 1 debt. We still have 3 and they are all still big!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 29/7/252 -
Thank you so much for cheering me on! I really appreciate this!
You have paid off a really good chunk of debt there, savingholmes!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 -
Thanks - it is less than a third of what it was at our worst but it feels endless!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 29/7/252 -
Tomorrow, my last loan payment will be paid. This feels like a huge deal for me. I've been paying this for 60 months and I have really struggled to pay it. I can say with some confidence that I am cured of my habit to pay off credit card debt with loans! I've learned this lesson late but I have learned it now!
5 years ago when I took this loan out, I was in a pretty bad place. I was burned out at work, trying to juggle a pretty stressful job with a small child. I felt very depressed at that time. I was spending wildly and trying to keep up with contributing half with my housemate (who is my husband legally but absolutely not my soul mate in any way.... I can't even bring myself to refer to him as my husband!).
I have made lots of progress in terms of managing my mental health and getting my spending under control and paying off my debt. Things are so much more stable with work and home.
So, I will retire this diary and use my latest one... Its time to throw everything at my final debt, my credit card.
Thank you so much for reading and commenting and cheering me on!
I can't say how grateful I am and how much that support has helped.
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 £0.5 -
Congratulations on your last loan payment.
Bottom line;
£49k paid off
Car HP paid off
Debt Free!
Saved Escape fund and moved out.
Current focus; saving Emergency fund3 -
Huge congrats on paying off the loan Total Debt @ LBM: £26,380.49
- Total debt: £2,500
- % of my debt gone forever: 90%
My Debt Free Diary3
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