I do feel that you need to have an emergency fund of some sort because it’s a mindset. However do keep in mind that David Ramsey advises $1000 and at the current exchange rate that is around £700 so you could take a slice off the top and pay it towards a card. It’s whatever works best for you. Keep going you are doing great.
Total debt Feb 2012 = £54354.11 😳
😁Debt Free and you can do it too
The biggest one is just keep going a day at a time. There will be bumps in the road but they are only a set back and not a catastrophe that they may have being previously. It’s really all about little things because he quickly add up. For instance selling things you no longer need, making savings on your electric and gas, getting the cheapest mobile phone tariff, goingSim only, shopping around for the cheapest food and meal planning. Also if you know that there’s going to be major expense plan for it and then save for that on the side. For instance we had to pay for our daughters wedding and a new kitchen, items we would previously have got a loan out for or put on credit cards. Remember that every pound you pay off is a pound you will never pay interest on again. Another tip to keep you motivated is the have a 100 or 1000 square. I personally just had 100 squares drawn on a sheet with totals decreasing down the side by here is a more creative example. https://debtfreecharts.com/products/game-of-loans
I got real satisfaction from Colouring in each square. So if you did your current signature amount that would be either £518 per square or for a thousand it would be £51.84 per square, then they are manageable chunks to keep you motivated. Good luck
Total debt Feb 2012 = £54354.11 😳
😁Debt Free and you can do it too
thanks @roomontheend , defo take these tips on board
@DayDreamerandGeneralWaster tbh. my tips are dont shop when hungry. Go to shops with defined list. And dont deviate (unless its an obvious miss or really really needed). dont fall for BOGOF deals, shop mainly at lidl & aldi. occasionally elsewhere.
Meal planning is another key element., although we are not good at it. somehow we manage to stick to it. and keep it to tunder 300 limit.
365 Day 1p challenge - £371.49 / 667.95 Emergency Fund £425 / £1000 DFW - £TBC
Replies
😁Debt Free and you can do it too
Emergency Fund £425 / £1000
DFW - £TBC
😁Debt Free and you can do it too
Emergency Fund £425 / £1000
DFW - £TBC
Emergency Fund £425 / £1000
DFW - £TBC