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"Lightbulb moment - 67k down. Need to execute a recovery plan"
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I got rid of CC debt by paying off small amounts at least weekly and at times daily by rounding the bank account to the nearest whole £! If it was just a few pence odd then I'd save it to do weekly but anything above 50p got paid off - every little helps, as they say!
I only just found out from the Martin Lewis show.. That you pay interest as per the balance statement rather than the payments made after the statement.
So this is defo something to start doin! Thanks for the tip!
I really wanna try and clear this gigantic debt within 3 years. So any other tips from anyone would be great.
I am on the hunt for a 2nd job too. Especially as many are popping up due to Xmas holidays. Wish me luck!
Emergency Fund £425 / £1000
DFW - £TBC
Pay
Emergency Fund £425 / £1000
DFW - £TBC
😁Debt Free and you can do it too
Emergency Fund £425 / £1000
DFW - £TBC
Pay
Emergency Fund £425 / £1000
DFW - £TBC
With extra income from 2nd job, and early xmas pay from main job. Decided to take a leap of faith and pay off “B CC” completely. Such a nice feeling to have 1 less on the list.
So B CC has now been locked away, out of sight n out of mind!
Only another load more to go! Lol…..
But with xmas round the corner and a long road til Jan Payday, Im not sure much more extra than minimum payments will be made on other debts for a few weeks. But will still continue with extra shifts at 2nd job as time allows….
Think next priority will be Overdraft and “S CC”. Will try reduce the smaller amounts, before tackling the huge beasts!
Emergency Fund £425 / £1000
DFW - £TBC
Emergency Fund £425 / £1000
DFW - £TBC
with that £70 you will now be able to pay £100 a month of the overdraft. Getting out of my overdraft (and removing it from my account so it wouldn’t show as available) was one of the best things ever
Emergency Fund £425 / £1000
DFW - £TBC