My long overdue journey to becoming debt free!!

MissPennySave

Ending the weekend on a high, I did spend today but it was preplanned Xmas presents that had 20% off and came out of my Xmas fund, so I am counting this as a successful no spend weekend!

MissPennySave

Monday again! Aiming for a NSD today. In other news here I am wishing all my DDs came out already so I can see my new total outstanding balance!!  MPS.x

MissPennySave

Little update, just checked my debt overpayment saving space after cashing out some survey money, and it's up to £17.05 already!  Not too bad for less than 2 weeks worth of little top ups that I haven't even noticed! MPS.x

MissPennySave

Morning all, and happy Tuesday!  My plan for today is to finish off my Christmas shopping so that's all done and dusted. My overpayment pot is up to £24.21 as of today, I plan to make a payment at the end of every month so I'll try and get a few more survey's done today and tomorrow and see if I can get it up to £30.  I think that's all for now! MPS.x

shell16

@MissPennySave, I have just got my last present delivered for Christmas today and Im now all done and dusted.  Just need to wrap mine.

Your overpayment pot is coming along nicely, I too have a PAD pot where I add my save the change from the bank account and also surveys, and I too make a lump sum payment to one of the CC's.  Much better doing it that way!

Great to see you are keeping focus!
Shell x

MissPennySave

Being organised definitely pays off!  I got 90% finished today, just need to order a few more bits but they are online so will do that tomorrow.  Give my bank card a rest!

I was paying debts daily but I think a bigger lump sum will be better for me mentally!  I am 100% committed to this journey, even if I am wishing the next 3 and a bit years away!!! MPS.x

MissPennySave

So it's been 2 weeks and 1 day since I started my diary/journey so I thought I would try and give myself a little boost and put up some updated figures, so here goes:

Balances as at 14.11.22 / 29.11.22:
CC1 (0% until May 23) - £1669.23 / £1319.00
CC2 (0% until Sept 23) - £7980.00 / £7980.00
CC3 (0% until Jan 24) - £4825.00 / £4825.00
CC4 (4.9% until May 26) - £16888.98 / £16702.00
Total CCs = £ 31,363.21 / £30,826.00 

Loan (ends April 27, £342.60 p/m) - £18142.43 / £18125.00

Grand total = £49,505.64 / £48,951.00  

So in two weeks I have cleared £554.64 and gone down into the next thousand barrier!  Glad I did this, as it has definitely given me a little boost!!!  

MPS.x

RobM99

Have you looked at your current spending? (A digression, I know).

MissPennySave

RobM99 said:

Have you looked at your current spending? (A digression, I know).

Yes, I have a budget spreadsheet all set up which has all my bills on down to the last penny.  I have a separate account for day to day spending, this doesn't include groceries etc, these come out of my main billing account.  

RobM99

MissPennySave said:

RobM99 said:

Have you looked at your current spending? (A digression, I know).

Yes, I have a budget spreadsheet all set up which has all my bills on down to the last penny.  I have a separate account for day to day spending, this doesn't include groceries etc, these come out of my main billing account.  

Ah,  good stuff!