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Busting this debt before 40

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  • rachmac3
    rachmac3 Posts: 368 Forumite
    Part of the Furniture 100 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        02/08/25   

    Tesco CC          £6,509.97       £6,030 (now NatWest2)
    NatWest CC      £7,612.74      £7,080
    Lloyds CC          £6,112.60      £5,075
    1st Direct CC     £176.03         £19.92
    CC total             £20,411.34   £18,204.92
    TSB OD             £500             £0
    1st Direct OD     £600             £250 (0%)
    Car loan             £4,000          £4,000
    1st Direct Loan  £10,684.44   £9,246.15
    Total                  £36,195.78   £31,451.07
    EF £400.56
  • Debtfree2026
    Debtfree2026 Posts: 91 Forumite
    10 Posts Name Dropper
    Congratulations!  I can't wait for that moment!
    Nationwide CC: £1,309.48/£1,209.48/£447.96/£0
    Littlewoods: £808.91/573.66/£472.66/£0
    MBNA: £10,413.25/£10,425.28/£9,749.12/£9,830.00/£8.700/£7,900/£7,400/£7,200
    HSBC Loan: £15,156.57/£14,697.28/£14,237.99/£13,778.70/£13,319.41/£12,860.12/£12,400.83/£11,941.54/£11,482.25

    Total: £27,688.21/£26,893.67/£25,583.89/£24,663.27/£23,527.82/£23,149.41/£21,560.12/£20,300.83/£19,341.54/£18,682.25
  • 1stTimer
    1stTimer Posts: 350 Forumite
    Part of the Furniture 100 Posts Name Dropper Photogenic
    🥳🥳 Huge congratulations!
    Save £12k in 2025 #32 
    Make £2025 in 2025 #28
    JAN- £695.23 FEB- £599.43 MAR- £709.42 APR- £1102.89 MAY- £776.76 JUNE - £966 JULY - £1104.84

    Total 2025 -£5954.57

     
  • rachmac3
    rachmac3 Posts: 368 Forumite
    Part of the Furniture 100 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        02/08/25   

    Tesco CC          £6,509.97       £6,030 (now NatWest2)
    NatWest CC      £7,612.74      £7,080
    Lloyds CC          £6,112.60      £5,075
    1st Direct CC     £176.03         £19.92
    CC total             £20,411.34   £18,204.92
    TSB OD             £500             £0
    1st Direct OD     £600             £250 (0%)
    Car loan             £4,000          £4,000
    1st Direct Loan  £10,684.44   £9,246.15
    Total                  £36,195.78   £31,451.07
    EF £400.56
  • Sarahwithlove
    Sarahwithlove Posts: 3,344 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    Congratulations on being debt free! That's so exciting 
    *Dad loan - £5300 - £7200
    *Virgin Credit Card - £3552.50 - £0
    *Natwest - £1828.35 -£0.00

    Barclaycard - £2315.25 - £0.00

    Creation Finance - £960.32 £840
    *Total debt - £8040/£11641.17*


    Savings
    *Savings Buffer - £100/£1500
    *Emergency Fund - £1500/£1500

    New diary- https://forums.moneysavingexpert.com/discussion/6474943/the-three-cs-coffee-clothes-credit-cards/
  • Chocolatefund
    Chocolatefund Posts: 197 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: £3,445 / £4000
    SIPP: £3,932 / £4000
    S&S ISA: £637 / £1000

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

    I eat far too much chocolate...
  • Chocolatefund
    Chocolatefund Posts: 197 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: £3,445 / £4000
    SIPP: £3,932 / £4000
    S&S ISA: £637 / £1000

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

    I eat far too much chocolate...
  • Cherryfudge
    Cherryfudge Posts: 13,247 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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