A new outlook. 9 October 2020 at 11:52AM in Debt free diaries 5 replies 281 views

JLS1901

Hello everyone!
I've decided to start a new diary for the last slog of my debt free journey. I've had diaries on here before and reading back through them I can see what a neagtive mindset I had around money and how to deal with it. 
When I started this journey in 2017/8 my total debt was: £15941.42
My current debt total right now is: £7047.94
This consists of car finance (HP) of £3047.94 which ends in August 2022 and a personal loan of £4000 (57 months to go). 

It's nice to see in numbers how far I have come and how much has changed over the years

I can make overpayments on the loan so I'm going to try and clear this as quickly as possible then pay off the car finance.
I'm a full time student and have some side hustles which provide extra income. 

I'm gonna use this diary to keep me accountable. 

Happy Friday everyone

ladyholly

Good luck in the rest of your journey 

RelievedSheff

Well done in coming as far as you have so far. 

JLS1901

Just a little update debt at present is £6423.
My side hussle has come to an end so payments do the debt will probably be a little less for a while, I'm loojking at other things I can do on the side but I also need to really apply myself to this last year of uni I can't afford to fail.
I can't wait to be qualified and working again and have the security of a full time wage (hopefully!)

Sarahwithlove

Good luck. I think as a student the important thing is to focus on your studies and then if you manage to save anywhere then great but education should come first. Have you got a budget for food etc? Do you meal plan? 

JLS1901

Sarahwithlove said:

Good luck. I think as a student the important thing is to focus on your studies and then if you manage to save anywhere then great but education should come first. Have you got a budget for food etc? Do you meal plan? 

Hey thanks for the reply Yes I agree uni should be the top priority at present. I will probably just chuck bits at the debt as and when I can. 

Yes I meal plan and batchcook, have a fully working YNAB budget.

I've made another extra payment to the loan so the debt total is now at £5923.27
Happy Friday everyone