20K to Debt Free by June - Finally Debt Free 27/06/23

LeeXenon

Afternoon all, kicking off today with a £9.20 PAD to CC1. Everything still appears to be on track, albeit not leaving myself with much left over for leisure spending - This is fine, clearing debt is the #1 priority. Started to send money to various pots to cover bills expected over the next 12 months, including Christmas, car/boiler servicing costs etc. Need to remain focused!

LittleMissDetermined

That's a decent PAD to make, considering that almost all of mine are just £1's to that remaining CC (unless a Prolific cash out happens) You're doing well, look how far you have come
LMD x

LeeXenon

LittleMissDetermined said:

That's a decent PAD to make, considering that almost all of mine are just £1's to that remaining CC (unless a Prolific cash out happens) You're doing well, look how far you have come
LMD x

Thank you LMD, and you too! I am indeed using Prolific and Mturk to supplement the PAD's.
Also, good morning! £4.26 PAD to CC1 today.

LeeXenon

Managed to get access to CC2 again today, little PAD of £31.17 to CC2 to celebrate!

LeeXenon

Not sure why but I'm feeling the financial pinch this month! I think I'm going to be using some of my Prolific cashouts to supplement slightly increased fuel usage this month and grab some last bits ready for our little holiday abroad at the end of the month. Need to pull through and avoid any further unnecessary spending!

LeeXenon

Progress Review
Just comparing progress from when I started this thread back in December, it's nice to see how far I've come (looking at the figures!)

CC1 Was £  3,916.58, Now £  2,148.44
CC2 Was £  7,352.29, Now £  5,593.83
Car (HP) Was £  9,655.98, Now £  7,020.78

All in all since December I've paid off an eyewatering £6,161.80 worth of debt.
Interestingly if I stuck to my original plan I would have paid off £4,999.20, so I appear to have overpaid £1,162.60!

I definitely need to keep up the momentum, the end-goal will be worth it. 

LittleMissDetermined

It's always a good idea to stop and reflect on just what you've achieved in your debt free journey. It can be quite astonishing really, especially with the little payments adding up! 

It certainly looks like you're nailing the overpayments, well done! 
LMD x

LeeXenon

LittleMissDetermined said:

It's always a good idea to stop and reflect on just what you've achieved in your debt free journey. It can be quite astonishing really, especially with the little payments adding up! 

It certainly looks like you're nailing the overpayments, well done! 
LMD x

Thanks LMD, the only drawback is I do feel very financially strained at times, although I view this as the price to pay for getting into this much debt! 

LittleMissDetermined

You can try and find a balance, so that it feels less of a punishment. I had to, as it all got a bit much at one point.

One thing is for certain, it makes me never want to get into debt again!

LeeXenon

Back from the Canaries, not much to report other than I remain on track at this time.
Spending was certainly very high but I'm glad I've kept on the rails in terms of meeting the intended target.

Outstanding debt down to £13,833.65, from £14,763.05. (£929.40 payments made this month).

Another win is that I've managed to continue loosing weight despite eating like a horse whilst I'm away, obviously the extra exercise has given me a higher calorie maintenance to play with!