Debt free March 2026

RS156

2 years and 7 months!

I started 4 months ago and have cleared 12% of my debts.

Debt free for me doesn't include the mortgage - that will be step 2 😜 credit cards is step 1 which is in progress.

I downloaded 'debt payoff planner' (android app) in March and I really like it. It tells me how much to pay to each account every month, and sets out goals along the way (I.E. when a certain debt is cleared).

This isn't very exciting so I'm not sure anyone will find or read this, but that's OK. It's just a bit of personal accountability.

I get really excited each month when I get paid and go on and clear around £500 of debt each month.

Onwards and upwards!
Currently cleared £2022/£16700.

enthusiasticsaver

The app sounds interesting and paying off 12% in 4 months is awesome. That presumably means 36% over the year. Is your budget under control and do you have emergency savings ? 

I look forward to seeing your progress. 

RS156

enthusiasticsaver said:

The app sounds interesting and paying off 12% in 4 months is awesome. That presumably means 36% over the year. Is your budget under control and do you have emergency savings ? 

I look forward to seeing your progress. 

I'm fairly happy budget wise that I have enough to do the things I want each month and buy things for the family or house if we need them. We've got a trip coming up at the end of the year which is very exciting and falls within the budget (putting a couple of hundred away each month already). 

Must be around the 36%, and the app says March 2026 I'll be clear.

If I was in a pinch I've got 3k that is my daughters (from me, she's only young so doesn't need it yet) that I could use and replace if something bad happened 🙈 technically it's my money, but I want the savings for her future.

Once I've cleared my cards I'd really like to have 2k at least in my own savings for a rainy day 🤞🏼 and then I'll start overpaying the mortgage! 

NeverendingDMP

You are doing well. Another vote here from the app. Really handy to use to project how paying extra makes the difference 

RS156

14.8% now 🙌🏼 slowly but surely!