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PAY ALL YOUR DEBT OFF BY XMAS 2023
Comments
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Hello there, I was number 49 on the 2022 thread.
#49 - £0 / £5,477.17
A bit of background...
My original starting debt was around £17,000 in January 2021. I joined the previous debt free wannabe challenge in 2022, with my starting January 2022 debt being £10,483.77, here's how I did last year:
Loan 1: Starting balance £7514.45 - now £4,217.17
Loan 2: Starting balance £1244.32 - now £0
Credit Card 1: Starting balance £1325- now £990 (was down to zero but accumulated some debt in December...)
Credit Card 2: Starting balance £400 - now £270
My end of 2022 total debt remaining was £5,477.17, and the total paid off in 2022 was £5,006.60.
In 2023, I'm finally going to get debt-free and build my savings and investments. It hasn't been quick or easy but looking at my progress I know I can get there (whilst saving for my wedding as well!).
My immediate goals are to pay off the two credit cards in January/February, then make some additional payments on my remaining loan. I had made some good spending habits in 2022 but they slipped a bit towards the end of the year with Christmas etc. but I am refocusing now.
Good luck debt free wannabes
6 -
Thanks for the number. First check in after pay day.
#24 - £950/£4,384.36
DEBT FREE
Starting Debt = £25,046.68 (Nov 2019)
Current Debt = £0
Total paid off = £25,046.68 (100%) June 2023
Pay Debt by Xmas23 #24 - £4,384.36/£4,384.36
Pay Debt by Xmas22 - £4,957.69/£9,342.053 -
#18 - 61.28/8000
standard monthly payment to one account plus small Chase Cashback and small underspend
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 / 8,0003 -
£4 paid today
#4 £153.78 / £4000
March NSD 14/15
Debt £9607.54/£11296.89
CC2:£2274.64/£2299.36 CC3: £1848/£1924.91 CC4:£25/£978.50 CC5: £1155/£1331.24 CC6: £3754.90/£4191.09 CC7: £550/£607.39
CC1: paid off 14/02/23PAYDBXMAS23 #4 £1432.74/£4000
Saving for Xmas 23 £30/£365
4.94% £570.89/£107
make £2023 in 2023 #24 £71.24/£20233 -
Hey all, hope you’re doing well. Off to a start today £153.31 paid off. Looking forward to having it all gone!!Save £25,000 in 2025: #45-£524.15/25, 000
PAD 2025: £609.19/61003 -
@shell16 thank you for doing this , much appreciated
#29 target for 2023 £11,200.00
Good luck everyone
Pay ALL your debt off by Xmas 2021 no 50 Target for this year £12,000
Pay all your debt off by Xmas 2022 target £15,000 pd £7969.95 / 15,000
SPC 2022/23 014
Pay all of your debt off by XMAS 2023
#no 28 target £11,200.002 -
#26 £209.12/£5k
£9.12 paid to debt this morning🎄PAYDBXMAS21 #11 £11,300/£11300
Target met.
💥PAYDBXMAS22 #11 £5000/£5000 target met.
PAYDBXMAS23 #26 £5000/£5000 paid3 -
Cc 2 payment gone today so paid £23.49
#23 £146.49/£3000
Pay off debt by Xmas 2023 #23My debt free diary https://forums.moneysavingexpert.com/discussion/6436651/clearing-my-debt-after-25-years#latest
paid £7112/£7800-**DEBT FREE April 2024**
£9400 saved for emergency fund3 -
No problem at all, your number is 28 xwelshspendthrift said:@shell16 thank you for doing this , much appreciated
#29 target for 2023 £11,200.00
Good luck everyoneDebt Free - 04/03/23. Total LBM August 2021 £15410.70
3
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