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Debt free by December 2025

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Would anyone like to join me in a challenge to be debt free by the end of 2025?! My thought is to divide up my debt by 12, and aim to pay that much (minimum) off each month.

My current debt is around £6000 (I'll update properly on 1st January) so will need to pay off £500 a month.

Who's with me? Drop your debt and repayments below and I'll create a list of challengers!
My debt free diary | Post Office loan: £2131 1429.38 | Barclaycard: £4429 1988.12 | Paypal Credit £322.71 574.91 | Monzo Flex £169.03 |

Total £4151.44 | £2900.30 of £7051.74 paid off since diary started October 2024.

Comments

  • lilian1977
    lilian1977 Posts: 5,157 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Reserved for challengers. 
    My debt free diary | Post Office loan: £2131 1429.38 | Barclaycard: £4429 1988.12 | Paypal Credit £322.71 574.91 | Monzo Flex £169.03 |

    Total £4151.44 | £2900.30 of £7051.74 paid off since diary started October 2024.
  • I'll be aiming for July but there is a thread that usually runs on here and is very popular called Debt Free by Christmas. 

    They usually start it in the new year. 
    Debt Free - 4th June 2025
  • lilian1977
    lilian1977 Posts: 5,157 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Oh OK ill join that when I see it pop up then 🤦‍♀️
    My debt free diary | Post Office loan: £2131 1429.38 | Barclaycard: £4429 1988.12 | Paypal Credit £322.71 574.91 | Monzo Flex £169.03 |

    Total £4151.44 | £2900.30 of £7051.74 paid off since diary started October 2024.
  • Pay off all your debts by Christmas 2025 

    Is it's name. I don't know how to post a link though sorry x
    Jan 18 Joint debts 35,213

    Mortgage Jan 18- 77224 May 25- just under 65k

    June 25 Debts in my name only £5170. DH can't keep track...
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