📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

PAY ALL YOUR DEBT OFF BY XMAS 2023

1262729313283

Comments

  • Hi Everyone. 

    £238.88 paid off today taking my total to:

    #6 £1463.58/£12,000
    Total debt when my journey began in December 2022- £66,133.42
    Current debt May 2024- £40,064.57
    Repaid 39.42%

    My Debt Free Wannabe Diary
    https://forums.moneysavingexpert.com/discussion/6411146/the-final-bite-of-the-cherry-journey-to-clear-66k#latest

  • shell16
    shell16 Posts: 1,354 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    @Birdee  Thats great! Now 43% paid off!
                                                                                             

     Debt Free - 04/03/23.  Total LBM August 2021 £15410.70

  • stuartp2000
    stuartp2000 Posts: 182 Forumite
    Tenth Anniversary 100 Posts Name Dropper Combo Breaker
    edited 1 February 2023 at 8:08PM
    #18 £1556.76 / £8000

    Received switch bonus from FD so that and a monthly payment means I have cleared debt 3. 
    Normal payment then on other debts have gone through as well.

    That then frees up £25 more each month to go to the other and bigger debts, 

    Will aim to clear next by end of May which will then add another £70 to throw against the final debt.

    Ahead of schedule so feeling motivated.
    Challenges
    MFW 2025 #6 - 14871.56/14,000

    Completed Challenges
    MFW 2024 #35 - 9,000/9,000
    Pay off all debts by 2023 - #18 8,000 / 8,000

  • Keedie
    Keedie Posts: 2,854 Forumite
    Ninth Anniversary 1,000 Posts Photogenic Combo Breaker
    Everyone is doing so amazingly well! 👏🏾👏🏾👏🏾

    Paid £105.54 off the debt, so

    #42 £743.41/£8,000 (9.29% cleared)
    Debt Free Diary:- The Mental Debt Struggle
    (Original Debt on 15/07/2016 was £33,056.76) 🙈 but Debt Free on 09/02/2025 🎉
    2025 SAVINGS: Emergency Fund (£604.30/£5,000) 12.09% saved
    2025 CHALLENGES: #16 Sealed Pot Challenge ~ 18 || #9 50 Envelope Challenge 22/50
  • Jrcoal5
    Jrcoal5 Posts: 647 Forumite
    Fourth Anniversary 500 Posts Name Dropper
    Payment gone to a credit card £28.90 takes my total paid so far to 
    #23 £692.35/£3000
    Pay off debt by Xmas 2023 #23
    paid £7112/£7800-**DEBT FREE April 2024**

    My debt free diary https://forums.moneysavingexpert.com/discussion/6436651/clearing-my-debt-after-25-years#latest

    £9400 saved for emergency fund 

  • shell16
    shell16 Posts: 1,354 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Hello, I'd like to join this please. I have about £25k overall so I'd like to clear £15k by Xmas 23.
    Morning @Rochelle13 and welcome!  Your number is 52, please add this to your signature and when updating please quote your number with a running total of the amount you have paid off in bold so I do not miss any of your payments as in the example below.  Good Luck!

    #52 - £100/£15000

                                                                                             

     Debt Free - 04/03/23.  Total LBM August 2021 £15410.70

  • Tara66
    Tara66 Posts: 20 Forumite
    Sixth Anniversary 10 Posts
    Hi All hope everyone had a great debt busting February!

    Won £100 on Premium Bonds

    #47 - £655.50/£4348
  • shell16
    shell16 Posts: 1,354 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Tara66 said:
    Hi All hope everyone had a great debt busting February!

    Won £100 on Premium Bonds

    #47 - £655.50/£4348
    Thats great news!
                                                                                             

     Debt Free - 04/03/23.  Total LBM August 2021 £15410.70

  • Tara66 said:
    Hi All hope everyone had a great debt busting February!

    Won £100 on Premium Bonds

    #47 - £655.50/£4348
    Fantastic!! Well done :)
    Life gets in the way...PADding is addictive...Saving's better than spending...
    2025 1p challenge #41 | Cash envelope challenge #01 | SPC #017
    Sealed pot 2025 £6573 | EF £1000/£1000 | Sabbatical £3364/£6000 | Travel savings £1508 | Sinking pots £2571
  • Hello 

    Current debt is 3649.10 from the original 4222. 

    So I have paid off 572 /4222 and am number 22
    Nevertheless she persisted.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.