Emergency fund £8,500/£8,500
Mortgage overpayment £260
Debtfree!
£21,228.07 paid off in 22 months
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feel like i'm going around in circles
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Actually a lot better, I've managed to work some extra over time so can afford to pay some smaller debts off at the end of the month. I've taken a week off work to use my holidays and I feel 10x better for itBabyStepper said:Just wondering how things are going for you.
I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe boards and spending & discounts boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
Debt owed;Abound - £0/£7,092.16
DFW Challenges!
365 Day 1p Challenge 2026 #9 £104.30
Pay off all your debts by Christmas 2026! #14 £0/£7,092.16
Make £2026 in 2026! £602.40/£2026
Savings goal £162.79/£10002 -
Wow some great advice there! I'll be looking at buying a house within a few years with my OH. So definitely don't want to end up paying the extra because of my own silly mistakes! Thank you 😁pearsforlife said:Whatever you do don’t trash your credit file - it may seem like an easy way out at the moment but here is my experience;
About 5k of debt that I defaulted on, went to buy a house a few years later and over the course of my 2 year fixed rate mortgage (subprime mortgage due to my credit history) I ended up paying £16,000 extra interest than I would with a high street bank. Those defaults didn’t just cost me £5k - they cost me £21,000.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe boards and spending & discounts boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
Debt owed;Abound - £0/£7,092.16
DFW Challenges!
365 Day 1p Challenge 2026 #9 £104.30
Pay off all your debts by Christmas 2026! #14 £0/£7,092.16
Make £2026 in 2026! £602.40/£2026
Savings goal £162.79/£10000 -
Sorry haven't checked this in a while. I'll reply to your previous questions when I can get onto my laptop.MovingForwards said:When you said your OH would be paying half the rent, I thought your half was £300, hence saying the CT is a lot.
If the property total rent is £300 then the CT you are paying is rediculous. Is there an outstanding CT debt?
Can you comment on the other questions I asked?I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe boards and spending & discounts boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
Debt owed;Abound - £0/£7,092.16
DFW Challenges!
365 Day 1p Challenge 2026 #9 £104.30
Pay off all your debts by Christmas 2026! #14 £0/£7,092.16
Make £2026 in 2026! £602.40/£2026
Savings goal £162.79/£10000 -
Great news about the extra work, just make that extra cash work hard for you and bash down those debts! Glad you feel better after your break.jadewest94 said:
Actually a lot better, I've managed to work some extra over time so can afford to pay some smaller debts off at the end of the month. I've taken a week off work to use my holidays and I feel 10x better for itBabyStepper said:Just wondering how things are going for you. 1
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