Climbing Out Of This £45,000 debt

pennywisepoundstupid

Just wanted to say well done and good luck on your debt free journey.

flyingscotsman67

well done you are doing great

Jophi2b

And the journey continues! I have managed to clear one of my credit accounts and have continued to jiggle my accounts about a lot, so the majority of my debt is on 0% interest now. I am focussing as hard as I can on paying off those that aren't first. 
Current situation in order of priority is -
         
Credit account 1 -   2,500
Credit account 2 -   8,900
Credit account 3 -   4,550       (0%)
Credit account 4 -   1,600       (0%)
Credit account 5 -  13,500     (0%)

Total -                   £31,050

My next short term goal is to get my total debt under £30k, which will be a third of the way to my debt free goal.

lynneee

Well done, good progress! 👍 

Jophi2b

I am actually starting to feel like I am winning this battle now! I have managed to break below 30k barrier. Also been doing a bit more jiggling about to get as much of my debt onto 0% as possible.

Updated situation in order of 'paying off priority' is -
         
Credit account 1 -   4,900
Credit account 2 -   4,500       (0%)
Credit account 3 -   1,560       (0%)
Credit account 4 -  4,750        (0%)
Credit account 5 -  13,315     (0%)

Total -                   £29,025

My next short term goal is to get rid of Credit account 1 asap.  It is the only debt that I am currently paying monthly interest on, and it needs to GO!

Jophi2b

Now below £25k! Wahoo!

Still focusing on Credit account 1, working on getting it cleared by end of November.

Updated situation in order of 'paying off priority' is -
         
Credit account 1 -   2,500
Credit account 2 -   4,350       (0% til Feb 23)
Credit account 3 -   1,450       (0% til Feb 23)
Credit account 4 -   4,600       (0% til Jun 23)
Credit account 5 -  12,000     (0% til Oct 23)

Total -                   £24,900

vampirotoothus

Great job, keep up the good work V x