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Biting the bullet

in Debt free diaries
68 replies 4.3K views
12346

Replies

  • Honeysucklelou2Honeysucklelou2 Forumite
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    Well done on the huge progress you have made in 2020.  Keep going!
    paydbx2023 #36 £1415/£4300 . 2023 savings challenge £5/£2000 EF £60. Savings 2 £10.00
  • savvylondonersavvylondoner Forumite
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    Finally I seem to have been offered a few (albeit minor!) BT cards. I've also bitten the bullet once more and cut up the trusty AMEX that's been haunting me. So, with a money transfer to pay off my PayPal Credit (this one's been really annoying me) and a BT to take a big chunk of AMEX away it feels good. These transfers will both be paid off in 6 months. Current plan is to hit sub £5k by end of June...
  • savvylondonersavvylondoner Forumite
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    So PayPal now on £0 - I hate how these payments take ages to process and so glad to have cleared this with MT money that's on 0%. 
    Current totals (now sub 10k!)

    £1200 on 0% CC1
    £1200 on 0% CC2
    £2800 on Lloyds
    £4500 on AMEX

    Total now £9700 :smile:
  • bamgbostbamgbost Forumite
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    Well done! Making good progress!  Whats your target Debt free month?
    365 Day 1p challenge - £371.49 / 667.95
    Emergency Fund   £425 / £1000
    DFW - £TBC
  • savvylondonersavvylondoner Forumite
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    If I keep going this aggressively then July 2021 is possible...
  • savvylondonersavvylondoner Forumite
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    I'm still being strict with myself - posting to try to keep accountable. I transferred 'spending money' to monzo on payday, but every time I have a NSD I transfer my daily budget to AMEX CC to chip away. Feels so good to be in single figures for first time I can remember. Lack of opportunities to spend, and shifting shopping to Aldi have both helped massively on this final strait.
  • savvylondonersavvylondoner Forumite
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    Doing some spreadsheet work... DFD of 25 July still definitely possible. For the first time (ever?!) I've stuck to groceries budget this month. One more C&C at Aldi to pay and it'll be within budget by 2p!! Can't say it's been that easy but with careful planning it's possible. Continuing to pay down as I can... every time I have a NSD I chip a bit more off.
  • savvylondonersavvylondoner Forumite
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    Does anyone know how long balances take to get reported to ClearScore? Checked my new score today - it's gone up a tiny but, but debt total is still what it actually was in November and there's about £3k to come off!!
  • AspirationAspiration Forumite
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    Sorry can’t answer the question but what fantastic progress!! Well Done!! 
    April 2020 - £102,222 Loans/CC’s.

    Jan 2022 - £0
    Cleared - £102,222

    Jan 2022 - Now time to build suitable investments and a business!
  • SarahwithloveSarahwithlove Forumite
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    Generally they tend to be one or two months behind. 
    *RBS credit card - £1930.50* - £0.00
    *Tesco Credit card - £3604.30* - £0.00
    *Finance - £581.91 - £0.00
    *Dad loan - £5300 - £3800
    *M+S Credit Card - £0
    *MBNA Credit Card - £1211.88 - £0
    *Virgin Credit Card - £3075 - £0
    *Total debt - £3800*
    *Sinking Fund - £2500/£2500*
    *Emergency Fund -£250/£5000*
    *Mortgage Overpayment - £46.90/£1000*
    Premium Bonds - £200/£1000
    Facing Reality - My Debt Free Diary
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