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Pay off all your debts by Christmas 2025!
Comments
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#8 - a lovely £1,206.61 / £5,500 so far.
Debt | £224.10 / £471.90 M1 | £131.88 / £858.65 Mobile | £443.45 / £3,370.22 L1 | £383 / £6,460 CC2 | £26.25 / £0 M2 | £1,159.55 / £1,159.55 CC1 | £2,368.23 / £12,309.32 Total
Savings | £953.64 / £1,233 Other | £1,000 / £1,000 EF | £1,953.64 / £2,233 Total2 -
#24 - £711.74/£7113.80 realised today I've paid off 10% of my debt so far. I've paid off my Very account now so only 5 more debts to go. I've also got a couple of minimum payments to come out later this month. I took some time to sense check my budget each month and I should be able to pay off everything by December if all goes to plan.
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#7 £150 paid today. Total is now £1,256/6500
Challenges
NSD August- 1/10
Pay off all your debts by Christmas 2025 #7 £6,500/£6,500 - All gone, paid off.
52 Week Envelope Saving Challenge #7 £848/£1,378 -(32/52)
The Save £12k in 2025 challenge #4 £12,317/£30,500
2025 Mortgage-Free Wannabes #61 £13,852/£38,000 (mortgage offset)
Mortgage - Jan 2025 £75,600- current bal £65,895 Target MF (Jun 26) 330 days.
Loan - Jan 2025 £4,095 - Current balance £2,309
"Look after the pennies and the pounds will look after themselves"
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The first (new) loan payment "wasn't due" for Feb as I changed the payment date to be closer to payday, but made a £400 payment nonetheless. Won't catch myself slacking.#5 £2,144.15/£12,934.78.Debt @ LBM 01/11/24 - £14,161.59Debt current - £10,845.80
"When it's good, it's fun. When it's bad, it's funny". Trying to take things one step at a time.5 -
Good evening! Could I join please? Brand new debt on 0% CC until Jul 26 but I'm desperate to get rid of it asap. Thank you!
£1350/£8000 (17%)
Mortgage: £173,700 Sep 22 £160,920 Apr 25
MF Date: Sep 52 Mar 52
2025 Goals:
1) EF2 #84 £4000/£10000
2) Pay off all your debts by Christmas 2025 #34 £2,400 to go
3) MFW25 #51 £1628.22/£5000
MFiT-T7 #5
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#33 ThriftyMissus I’ve now paid £2048.47 of £7881.*edited my post as got total debt figure wrong 🤦🏻♀️3
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#11 £100.80 sent to family debt today.
£1008.43/4746.643 -
few planned payments and a little overpayment this week:
#30 £225 / £7400
Keep up the hard work
Pay Off Debts by Xmas 2025 debt £0/74003 -
#33 ThriftyMissus
I’ve now paid a total of £2631 of my debt of £7881.
This is 33.38% paid.I got the total and percentage paid wrong in my last post so that’s just a symptom of how wrong I can be with money 🤦🏻♀️4 -
To get a 'percentage paid', divide the total you've paid by the total outstanding then multiply by 100. In my case (£2,144.15 ÷ £12,934.78) x 100 = 16.57. So I've paid 16.57% of my total outstanding.
It's actually more tricky than that, when you consider overpayments reduce the total interest paid so the reduce total outstanding. How do you work that out each time 👀Debt @ LBM 01/11/24 - £14,161.59Debt current - £10,845.80
"When it's good, it's fun. When it's bad, it's funny". Trying to take things one step at a time.3
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