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Here Goes...Starting Up on a Journey
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You have done brilliantly. I would continue posting monthly as it is a good record and may help keep you on track.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
The 365 Day 1p Challenge 2025 #1 £667.95/£162.90
Save £12k in 2025 #1 £12000/£70000 -
I’m always interested to see how things are going.Mortgage at 01.01.14 £119,481.83:eek: today £0 Emergency fund £5.5/5.5k & £200/200 cash.:jWeight 24/02/19 14st 7lb now 12st determined to stop defining myself by my mistakes. Progress not perfection.:T100%through my 1% mortgage challenge. 100% through my pb challenge.0
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Ok thanks for the feedback, I'll keep updates to monthly then.0
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Paid off my last loan which feels great. Now to clear my card debt but onto 2025. Merry Xmas all.3
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Feels great doesn't it!*Dad loan - £5300 - £7300
*Virgin Credit Card - £3552.50 - £0
*Natwest - £1828.35 -£400
Barclaycard - £2315.25 - £0.00
Creation Finance - £960.32 £860
*Total debt - £8560/£11641.17*
Savings
*Savings Buffer - £1000/£1500
*Emergency Fund - £1000/£1500
New diary- https://forums.moneysavingexpert.com/discussion/6474943/the-three-cs-coffee-clothes-credit-cards/1 -
I don't comment but I do follow along!
You've done amazing this year!1 -
So 12 months in, things are looking much better and back in control of my finances.
End of Dec-24 Update:
Credit Cards and Overdraft: £34,123
Loans: £0
Total Debt: £34,123
Emergency Fund: £300
Started Journey Jan-24:
Reduction in debt from previous month: £2,651
Total Reduction in Debt: £22,506
Notes:- Some great totals over the past 12 months.
- Delighted to have cleared all loans in the 12 months so they will incur no more interest
- Got balance transfer offers from two current card providers so it adds confidence I'll be able to move some of my current 0% balances when the promo periods end later this year.
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Hello - I'm also following along with interest - keep going with the updates xDF
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