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Debt Reset....
Comments
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Fantastic news and no doubt a huge weight off your mind 🥳👏I get knocked down but I get up again (Chumbawamba, Tubthumping) -.literally have been run over by a bike, mobility scooter and a car - still here 💪4
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Well done on clearing the debt and it's good you have options for income moving forward.
Debt Busting Again in 2026
Starting Debt 03.05.26 £5345. Total 01.10.26 £2994
Challenge 1 - Clear M&S Card: Starting Balance 03.05.26 £600, cleared 05.07.26
Challenge 2 - Clear V12 Finance: Starting Balance 05.07.26 £600, cleared 12.08.26
Challenge 3 - Clear Barclaycard: Starting Balance 12.08.26 £940, current total 01.10.26 £344
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Congratulations on clearing the debt! Great news
"Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee3 -
Congratulations on clearing the debt! A fantastic achievement. You must feel great!Debt free November 20224
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Brilliant news well done xxslowly working towards being MF one small over payment at a time :T4
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Fabulous achievement. Good that you've still got some emergency fund too.
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Thanks all. I'm a bit concerned that I've paid the debt off using my boiler replacement fund but I'll cross that bridge when I come to it. Hopefully I can build it back up somehow.3
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Congratulations @CRANKY40
Of course, you will be able to repay yourself the boiler fund.
1. Celebrate being debt free, maybe just a cup of tea and a biscuit, remember to reflect on why you wanted the debt cleared, what it feels like to not be in debt.
2. Have confidence in yourself that you can build up your savings
3. Make yourself a list of all the things your can do to save money, make money (grow your own, meal planning, batch cooking, surveys..)
4. Write a statement of affairs
5. Write a realistic budget
6. Ensure your savings are pulling their weight and are earning decent interest.
I have ever faith you can and will repay the boiler fund.Fashion on a ration 2025 0/66 coupons spent
79.5 coupons rolled over 4/75.5 coupons spent - using for secondhand purchases
One income, home educating family7 -
Brilliant that you’ve paid off the debt, I’m sure you’ll build the emergency fund back up.Success is not final, failure is not fatal: it is the courage to continue that counts. Car loan 1 £17,425, Car loan CC 0% BT £2940, CC 0% CT £1820 . Debt Free Diary to try & keep spending in check.2
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Thanks @Baileys_Babe. I write my budget down every month and tick items off as they are paid. I've done that every month for the last 15 years or so. I put money aside every month for Christmas and birthday presents. Likewise I've always batch cooked for the freezer. I've moved my savings to a better rate of interest.....I'm confident that I can stay out of debt now because I can't afford to be in debt. If I don't have the money for something now then I just can't have it. Simple as that.6
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