£69k debt free wannabe

Jensfrugalyear

So just totalled up our debt and we are under £60k mark 🥳🥳

Marbles card is down to 969
My barclaycard is at 7866 (but usually about 100 in interest to be added)
Tesco is at 2786
MBNA is at 4584
Sainsburys card 6494
Bank of scotland card 3686

Loans
Natwest is at 19532
Car loans are 5376 and 6058 - these amounts are what are left to pay so include the interest

Next step is to get credit card balances under 25k as they are currently at 26384

Suffolk_lass

Well done, good progress. I presume you have looked at 0% interest no fee cards to see if you can reduce the interest you are paying a bit?

My journey started by looking at where I was paying the most interest and changing that first. Back in the day, I even took out 0% cash advance for 9 months (£10k for me, £15k for DH) on MBNA cards and paid off the cards then moved the balance around every few months because it was in two places. Sadly, I don't think they are on offer now

Jensfrugalyear

Suffolk_lass said:

Well done, good progress. I presume you have looked at 0% interest no fee cards to see if you can reduce the interest you are paying a bit?

My journey started by looking at where I was paying the most interest and changing that first. Back in the day, I even took out 0% cash advance for 9 months (£10k for me, £15k for DH) on MBNA cards and paid off the cards then moved the balance around every few months because it was in two places. Sadly, I don't think they are on offer now

Thanks, I have looked at 0% but don't have any options to do that yet. Hoping as I pay stuff off I'll be able to get more offers which will help. 

anjyeah

Well done! Happy that you have reached your debt-busting milestones and I'm sure you'll be even more delighted (and motivated) once you've reached your targeted 25k for the credit cards. Congrats! 

LittleMissDetermined

This is a huge milestone well done! That’s 13% reduction in your overall debt 

keep that momentum, what you’re doing is clearly working

LMD x

Jensfrugalyear

LittleMissDetermined said:

This is a huge milestone well done! That’s 13% reduction in your overall debt 

keep that momentum, what you’re doing is clearly working

LMD x

Thanks LMD 😀 

Really chuffed with the progress so far. Its the kids birthday next month, oldest is 18 so may not be paying off as much the next month, but I am determined to get that Marbles card paid off by end of August

Jensfrugalyear

Hey, I have been listening to the debt free dad podcast recently but have binged them all and now have no more to listen too. Does anyone else have any recommendations for debt free podcasts?

LittleMissDetermined

Jensfrugalyear said:

Hey, I have been listening to the debt free dad podcast recently but have binged them all and now have no more to listen too. Does anyone else have any recommendations for debt free podcasts?

Sorry, I can't help with this as I didn't even know this was a thing!  May give them a listen when things have settled down... I tend to read the forums for advice and guidance on debt.

If you are after any topic of podcast I can recommend 'Off Menu' for comedy, 'White Wine Question time' for current affairs and Fearne Cotton's 'Happy Place'. 

LMD x

Jensfrugalyear

Down to under £500 on my Marbles card and it feels like the hardest to pay off so far. Not sure if I'm just being impatient though as I'm so close to getting it cleared 😆

Went from 1k balance to 500 really quickly but have slowed down progress due to the kids birthdays this weekend. However I am so proud that this is the first time in years I have paid for gifts and day out with cash and not debt.

Hope everyone else's journeys are going well

BlueJ94

Jensfrugalyear said:

Down to under £500 on my Marbles card and it feels like the hardest to pay off so far. Not sure if I'm just being impatient though as I'm so close to getting it cleared 😆

Went from 1k balance to 500 really quickly but have slowed down progress due to the kids birthdays this weekend. However I am so proud that this is the first time in years I have paid for gifts and day out with cash and not debt.

Hope everyone else's journeys are going well

Wow that's amazing well done! You've sure given me a kick up my bum to pay off my debt!