My long overdue journey to becoming debt free!!

MissPennySave

Hello!!!  I'm back!! After a super super busy weekend and a crazy busy week so far, I have finally found the time to sit down and update my balances!!!

Balances as at 14 Nov 22 vs 16 March 23
CC1 £1669.23/£375.00
CC2 £7980.00/£7660.00
CC3 £4825.00/£4625.00
CC4 £16888.98/£15360.00
Loan £15263.75/£14203.28

Grand total = £46,626.96/£42,223.28

Great to see some good progress! £4403.68 paid off!

I have now had my compensation review and I am getting a 4.46% payrise, a 5% bonus plus the 2% cost of living bonus, so off I go to update my spreadsheet!!!

MPS  x

shell16

Ah what a wonderful update post!  Just goes to show how much progress you are making!  Great news on your salary increases, bonus and Cost of living payments too.

Shell x

MissPennySave

Thank you!  I love seeing it in black and white!!!!x

LittleMissDetermined

Fab update, well done! And congratulations on the pay rise and bonus, that's great news!  Don't think we are getting anything this year, nobody has informed me of anything anyway and the end of the month is drawing near.
LMD x

Elisheba

Brilliant news about the pay increase 😁. And almost at the £5k paid off mark! Great stuff. Onwards and downwards. 

MissPennySave

 1 down 4 to go

MissPennySave

Morning everyone, so all my DDs have now been paid this month so it's time for my monthly balance update:

Balances as at 14 Nov 22 vs 13 Mar 23
CC1 £1669.23/£0 - 100% paid off
CC2 £7980.00/£6160.00
CC3 £4825.00/£4625.00
CC4 £16888.98/£15160.00
Loan £15263.75/£13958.15

Debt paid off so far £6773.81

Grand total = £46,626.96/£39,853.15

MPS x

Baileys_Babe

Congratulations on clearing CC1 🏆 

What are your plans for the money you were paying to CC1?

MissPennySave

Baileys_Babe said:

Congratulations on clearing CC1 🏆 

What are your plans for the money you were paying to CC1?

Thank you.  Well it's my children's birthdays in June and July and we are going on holiday in August, so I will use some of the extra money to put aside for those, then from September it will all just go towards clearing next the CC.  

LittleMissDetermined

MissPennySave said:

Baileys_Babe said:

Congratulations on clearing CC1 🏆 

What are your plans for the money you were paying to CC1?

Thank you.  Well it's my children's birthdays in June and July and we are going on holiday in August, so I will use some of the extra money to put aside for those, then from September it will all just go towards clearing next the CC.  

This is a good plan, so you won't be tempted to use credit