Dark Sunday Debt Free in 2024

After many attempts, I’ve started a new diary for the final push to eventually be debt free in 12 to 24 months.

I’ll post some numbers in the next few days.
Jan. 2023 Final LBM
CCs £27.6k Now £27.8k
Savings £21k Now £18.5k
NAD Feb. 7/14

Comments

  • So here we go, Credit Card debt is quite high, but so is savings. Will pay some savings to the only non 0% CC later this week. 

    Credit Cards £27.6k of which £20k on 0%
    Savings £21k
    Net -£6.6k

    Ideally, I’d like to keep savings quite high, especially ISAs at 4%+ Interest. So the plan is to reduce the 3.9% CC £7.6k ASAP, then clear the 0% CCs when the deals expire, by October 2024.
    Jan. 2023 Final LBM
    CCs £27.6k Now £27.8k
    Savings £21k Now £18.5k
    NAD Feb. 7/14
  • Wee bit paid to CC, good to start reducing debt again after the crazy festive season
    Jan. 2023 Final LBM
    CCs £27.6k Now £27.8k
    Savings £21k Now £18.5k
    NAD Feb. 7/14
  • Been a good start to the year. Savings now only circa £1k lower than the CC debt. All but 1 of the CCs are on 0% balance transfers. 
    Jan. 2023 Final LBM
    CCs £27.6k Now £27.8k
    Savings £21k Now £18.5k
    NAD Feb. 7/14
  • Good luck. I admire your nerve in holding the savings. I paid everything off and started again.
    Not all who wander are lost - J.R.R.Tolkien
    🌊 A smooth sea never made a skilled sailor 🌊
    2024 challenges - (1) £8k savings challenge = £900 so far (2) 1 stone weight reduction = 0 so far
    My WW and friends diary is here 😁 … 
    https://forums.moneysavingexpert.com/discussion/6259606/must-try-harder/p1

  • 2023 was a very expensive year with some major birthdays & consequent extra expensive holidays. Lost a wee bit of financial discipline since mid year. Need to refocus for 2024. Make budgets, but not too strict & adhere to them.
    Jan. 2023 Final LBM
    CCs £27.6k Now £27.8k
    Savings £21k Now £18.5k
    NAD Feb. 7/14
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