New Year, New me

LittleMissDetermined

Hopefully the boiler won’t be too much to replace. It’s amazing how much Prolific payouts add up to as well.

As long as the debt is tracking downwards then you’re winning in my book!
LMD x

bigbeff

I hope everyone is doing ok. I'm just umming and ahhing on my budget plan for next year and I was wondering what everyone did. Currently I have a regular saver that expires in march which I have been putting £200 a month into - I plan to drip feed this into another one I have already opened at 5% interest. I also have a tax savings account as half my income is self employed - this worked well this year, I've already made January's payment!! 
My question is, what other savings bits do you have? And do you have separate accounts for each? It's all worked quite well for me this year and I have made a huge impact on my debt, just reflecting to see if I could do things differently in the new year. 

ThisLife

Just caught up on your diary, you have done so well this year! You seem so determined and focussed. I like the idea of paying over small bits of income e.g. Prolific, straight to debt. I think I'll start to do that, every little bit will add up 

Keep it up, you're doing amazing!

bigbeff

ThisLife said:

Just caught up on your diary, you have done so well this year! You seem so determined and focussed. I like the idea of paying over small bits of income e.g. Prolific, straight to debt. I think I'll start to do that, every little bit will add up 

Keep it up, you're doing amazing!

Thanks @ThisLife. I found decided that because I didn't have that money in the first place, I wouldn't miss it! 

LittleMissDetermined

ThisLife said:

Just caught up on your diary, you have done so well this year! You seem so determined and focussed. I like the idea of paying over small bits of income e.g. Prolific, straight to debt. I think I'll start to do that, every little bit will add up 

Keep it up, you're doing amazing!

You should join the payment a day chapter 2023 thread to keep you motivated!

bigbeff

Morning all. 

Today is a sewing and sorting day for me today - living in a small house means I feel like I’m constantly clearing out (although I have learnt to buy less as a result!) 
Gym this morning for a body conditioning class, although I can barely move after glutes class yesterday and 5 mile walk. 

Stood on scales - 164lbs. I aim to drop two pounds a week and I’m going to reward myself with a new pair of shoes if I get to 154lbs by then end of Jan…. targets for weight as well as money!

Will walk to town later, a couple of shops had good sales and I have a couple of birthdays coming up and might get Christmas gift bags for next year. 

Still thinking about savings pots - I’ll keep thinking on that. Payday tomorrow so I’ll re-evaluate what goes where then

Have a good day!

bigbeff

Just made my an overpayment to my loan bringing it below the £6k mark 😃

Hoping for a cash out on prolific today before I total up exactly how much I’ve paid off this year.

Been for a walk with my little bro this morning, now having a wardrobe sort out ready for the new year! Hope everyone is having a good day!

LittleMissDetermined

Enjoy your shopping trip!  In terms of savings, I have a Monzo account and have pots for different savings goals. 

LMD x

bigbeff

So, summing up this year. 

My debt has gone down 62% from £15842.68 to £5981.16. That is total debt payments of £9861.52! I am so pleased with my efforts - kinda bummed I got myself into that situation in the first place, think how I could have spent that money, but happy with how far I have come. Another few months and the rest will also be gone so by this time next year I will be officially debt free (first time in years!). 

Happy New Year everybody!

ThisLife

That's amazing! You have done so well this year, you will get to the finish line in no time.