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Busting this debt before 40

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Comments

  • Rhyddid2026
    Rhyddid2026 Posts: 965 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    I have one of those clocks that gradually lights up before the alarm. It really helps in winter.
    Is today the day??!!??
    Debts                04/01/25       02/02/26  
    Natwest2           £6,509.97      £5,100 
    NatWest CC      £7,612.74       £6,535
    Lloyds CC          £6,112.60      £4,450
    1st Direct CC     £176.03         £3.53
    CC total             £20,411.34    £16,088.53
    TSB OD             £500              £0
    1st Direct OD     £600             £0
    Car loan             £4,000          £4,000
    1st Direct Loan  £10,684.44    £7,655
    Total                  £36,195.78    £27,743.53
    EF £1,100.13
    HF £101.43
  • Debtfree2026
    Debtfree2026 Posts: 106 Forumite
    100 Posts First Anniversary Name Dropper
    Congratulations!  I can't wait for that moment!
    MBNA: Jan 2025 =£10,413.25, Feb 2026 =£0
    HSBC Loan: Jan 2025 £15,156.57, Feb 2026 =£8,982.25

    Total: Jan 2025= £27,688.27, Feb 2026 = £8,982.25
  • 1stTimer
    1stTimer Posts: 492 Forumite
    Part of the Furniture 100 Posts Name Dropper Photogenic
    🥳🥳 Huge congratulations!
    The 365 Day 1p Challenge 2026 #26 £198.24/£667.95
    Save £12k in 2026 #12 £1593.75/£7500

    Car Loan Dec 25- £14,114.74 (60mth)
                     Jan 26- £9857.07 (42mth)
  • Rhyddid2026
    Rhyddid2026 Posts: 965 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    Congratulations!! 🎉🎉
    That must feel so good! You've pretty much performed a miracle in my eyes, I hope you feel very proud of yourself.
    Debts                04/01/25       02/02/26  
    Natwest2           £6,509.97      £5,100 
    NatWest CC      £7,612.74       £6,535
    Lloyds CC          £6,112.60      £4,450
    1st Direct CC     £176.03         £3.53
    CC total             £20,411.34    £16,088.53
    TSB OD             £500              £0
    1st Direct OD     £600             £0
    Car loan             £4,000          £4,000
    1st Direct Loan  £10,684.44    £7,655
    Total                  £36,195.78    £27,743.53
    EF £1,100.13
    HF £101.43
  • Sarahwithlove
    Sarahwithlove Posts: 3,470 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    Congratulations on being debt free! That's so exciting 
    *Dad loan - £5300 - £7000
    *Virgin Credit Card - £3552.50 - £0
    *Natwest - £1828.35 -£0.00

    Barclaycard - £2315.25 - £0.00

    Creation Finance - £960.32 £0
    *Total debt - £7000/£11641.17*


    Savings
    *Sinking Fund - £800/£2500
    *Emergency Fund - £1000/£1000

    New diary- https://forums.moneysavingexpert.com/discussion/6474943/the-three-cs-coffee-clothes-credit-cards/
  • Chocolatefund
    Chocolatefund Posts: 203 Forumite
    Tenth Anniversary 100 Posts Debt-free and Proud! Photogenic
    Debtfree2026 said:
    Congratulations!  I can't wait for that moment!
    Thank you!  You’ll get there too, you’ve already made fantastic progress. :smile:
    The financial wealth building journey.

    Busting this debt before 40. Started in August 2024 with debt = £19,966. August 1st 2025 debt = £0 and busted!
    Debt free dairy https://forums.moneysavingexpert.com/discussion/6547320/busting-this-debt-before-40/p1

    Savings goals by 31st December 2025;
    Emergency Fund: £3,674 / £4000
    SIPP: £4,375 / £5000
    S&S ISA: £766 / £1000

    “Save me now and I’ll save you later” - Your money

    I eat far too much chocolate...
  • Chocolatefund
    Chocolatefund Posts: 203 Forumite
    Tenth Anniversary 100 Posts Debt-free and Proud! Photogenic
    Sarahwithlove said:
    Congratulations on being debt free! That's so exciting 
    Thank you!  It still feels a bit unreal.  I’ve been so focused on it, I need to focus that energy elsewhere now!
    The financial wealth building journey.

    Busting this debt before 40. Started in August 2024 with debt = £19,966. August 1st 2025 debt = £0 and busted!
    Debt free dairy https://forums.moneysavingexpert.com/discussion/6547320/busting-this-debt-before-40/p1

    Savings goals by 31st December 2025;
    Emergency Fund: £3,674 / £4000
    SIPP: £4,375 / £5000
    S&S ISA: £766 / £1000

    “Save me now and I’ll save you later” - Your money

    I eat far too much chocolate...
  • Cherryfudge
    Cherryfudge Posts: 14,434 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    That's wonderful! Congratulations!
    I think a bit of sunshine is good for frugal living. (Cranky40)
    The sun's been out and I think I’m solar powered (Onebrokelady)

    Fashion on the Ration 2025: Fabric 2, men's socks 3, Duvet 7.5, 2 t-shirts 10, men's socks 3, uniform top 0, hat 0, shoes 5 = 30.5/68
    2024: Trainers 5, dress 7, slippers 5, 2 prs socks (gift) 2, 3 prs white socks 3, t-shirts x 2 10, 6 prs socks: mostly gifts 6, duvet set 7.5 = 45.5/68 coupons
    20.5 coupons used in 2020. 62.5 used in 2021. 94.5 remaining as of 21/3/22
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