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PAY ALL YOUR DEBT OFF BY XMAS 2023

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Comments

  • £100 payment to CT today so now I'm at:

    #55 £140.20 / £4800

    #55 DFBXMAS23 £1465.70 / £4800

    CC#1 £877.00  CC#2 £1315.72

    Savings: £153.00
  • jody51
    jody51 Posts: 20 Forumite
    Tenth Anniversary 10 Posts Debt-free and Proud! Combo Breaker
    Payday tomorrow- payments for this month will total £1250. 

    #31- £2495/£18010
  • Jrcoal5
    Jrcoal5 Posts: 647 Forumite
    Fourth Anniversary 500 Posts Name Dropper
    Decided to pay a chunk off the credit card now rather than keeping holiday savings will save that instead the next 2 paydays so paid £400.63
    total now #23 £1341.31/£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 

  • Sorry for my lack of updates, number 32 checking in.
    I have paid off so far:

    £740.99 / £5000

  • kmcld2
    kmcld2 Posts: 73 Forumite
    Part of the Furniture 10 Posts Photogenic Name Dropper
    edited 24 February 2023 at 12:28AM
    #54 - £150 / £4786
    Thank you
    Mortgage Free Wannabe:June 2020: £43,025.945 year fixed rate: 1.84%Monthly payment: £190.91Mortgage free by: 30/06/25Mortgage term: 23 yearsMy mortgage free diary is here.
    Pay All Your Debt Off By Xmas 2023 - #54: £3132 / £4786.74 (65.44%)
  • nomi01
    nomi01 Posts: 463 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    £175 paid to debt and another credit card cleared 

    PAYDBXMAS23 #26 £1761.54/£5000 paid
    🎄PAYDBXMAS21 #11  £11,300/£11300
    Target met.
    💥PAYDBXMAS22  #11 £5000/£5000 target met.
    PAYDBXMAS23 #26 £5000/£5000 paid

  • LittleMissDetermined
    LittleMissDetermined Posts: 9,690 Forumite
    Part of the Furniture 1,000 Posts Debt-free and Proud! Photogenic
    edited 24 February 2023 at 10:30AM
    Thanks for the update @shell16 everyone is doing fantastically well!  I am eagerly awaiting pay day on Monday so I will add a post with an update then :) 
    LMD x
    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
  • Keedie
    Keedie Posts: 2,854 Forumite
    Ninth Anniversary 1,000 Posts Photogenic Combo Breaker
    Thanks for running this @shell16, it's always so good to see the Friday totals 🤗. Really motivating.

    Can I please be a real pain and change my target (again 🤦🏾‍♀️)? I've had a complete rethink of my finances, and a target of £6,000 instead of £8,000 would allow me to stretch myself but is more realistic.

    If it can be changed, then my tally would be

    #42 £843.41/£6,000 (21.18%)

    I promise that's the last request! Thanks x
    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
  • shell16
    shell16 Posts: 1,354 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 24 February 2023 at 10:44AM
    @Keedie, no problem at all, all changed for you, your total is 14% paid.  This is your target so you need to be comfortable with it.  I agree setting a target which is unrealistic can derail progress, it ultimately needs to be achievable but stretching as you say. :smiley:

    Shell x

                                                                                             

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

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