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Pay off all your debts by Christmas 2025!

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Comments

  • Charlie_21
    Charlie_21 Posts: 123 Forumite
    Eighth Anniversary 100 Posts Name Dropper Photogenic
    #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 Total
  • meachybee
    meachybee Posts: 43 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    #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.
  • Pinkpieuni
    Pinkpieuni Posts: 160 Forumite
    100 Posts Name Dropper Photogenic
    #7  £150 paid today. Total is now £1,256/6500

    Challenges

    NSD Sept- 3/10

    Pay off all your debts by Christmas 2025 #7 £6,500/£6,500 - All gone, paid off.

    52 Week Envelope Saving Challenge #7  £1,378/£1,378 -(52/52)

    The Save £12k in 2025 challenge #4 £12,317/£30,500

    2025 Mortgage-Free Wannabes #61 £21,284/£38,000

    Mortgage -  Jan 2025 £75,600- current bal £52,516 Target  MF (Jun 26) 299 days.

    Loan  - Jan 2025 £4,095 - Current balance £2,054

    "Look after the pennies and the pounds will look after themselves"

  • RedLipstick
    RedLipstick Posts: 113 Forumite
    100 Posts First Anniversary Name Dropper
    edited 12 February at 9:45AM
    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  £159,400 Sep 25

    MF Date: Sep 52 Mar 52


    2025 Challenges:

    EF #84 | MFW25 #51 | MFiT-T7 #5 | Pay off all your debts by Christmas 2025 #34

  • Thriftymissus
    Thriftymissus Posts: 283 Forumite
    100 Posts Photogenic Name Dropper
    edited 16 February at 10:30AM
    #33 ThriftyMissus I’ve now paid £2048.47 of £7881. 

    *edited my post as got total debt figure wrong 🤦🏻‍♀️
  • SuperSavingD
    SuperSavingD Posts: 570 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    #11 £100.80 sent to family debt today.

    £1008.43/4746.64
  • st182
    st182 Posts: 164 Forumite
    Sixth Anniversary 100 Posts Photogenic
    few planned payments and a little overpayment this week:

    #30 £225 / £7400

    Keep up the hard work  :)
    Pay Off Debts by Xmas 2025 debt £0/7400
  • Thriftymissus
    Thriftymissus Posts: 283 Forumite
    100 Posts Photogenic Name Dropper
    edited 16 February at 10:40AM
    #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 🤦🏻‍♀️


  • BrotherUuurgh
    BrotherUuurgh Posts: 125 Forumite
    100 Posts Name Dropper
    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 - £14,161.59
    Debt 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.

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