Pay off all your debts by Christmas 2025!

Thriftymissus

BrotherUuurgh said:

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 👀

you have the best forum name ever
yeah, I accidentally knocked off £700 off my total debt figure and that in itself made the percentage I'd paid wrong, I can't imagine how to work out the percentage with interest and overpayments taken into account, for me, I have interest-free amounts, which sounds less stressful but for some reason, the fact most is owed to HMRC stresses me out no end.

BrotherUuurgh

Thriftymissus said:

you have the best forum name ever
yeah, I accidentally knocked off £700 off my total debt figure and that in itself made the percentage I'd paid wrong, I can't imagine how to work out the percentage with interest and overpayments taken into account, for me, I have interest-free amounts, which sounds less stressful but for some reason, the fact most is owed to HMRC stresses me out no end.

...And yet you're over a third of the way there only two months in   Keep it up.

Thriftymissus

Ah thank you @BrotherUuurgh, it was at around £20k last year, I’m feeling so much better. 🙏

_Dolly_Rocker_

Hey all, 

I would love to join in. 

Totals debt for me is £7,450.68.  

I paid £680.68. 

£660.68/£7,450.68

£6,770.00 to go!

Thriftymissus

#33 Thriftymissus
Hi, I have paid £177.50 off my credit card via a tiny 'rounding up' payment of £2.50 today and a direct debit of £175. I have now paid off £2808.5 of the £7881 I had at the start of the year. There is a but, I have %$£"&* all in my current account. I need to be careful and not put myself under pressure.

Dinodiva

Hello can I join please?  I am new here but really want to be debt free by the end of this year. I feel like fhe support and accountability on here will really help. I can already imagine my debt free future 🙏🏼

I have paid off £1000 so far this year and started with £6904 and now have £5904 left. Hopefully I am recording it right like this £1000/£6904!

_Dolly_Rocker_

Dinodiva said:

Hello can I join please?  I am new here but really want to be debt free by the end of this year. I feel like fhe support and accountability on here will really help. I can already imagine my debt free future 🙏🏼

I have paid off £1000 so far this year and started with £6904 and now have £5904 left. Hopefully I am recording it right like this £1000/£6904!

Welcome! I just joined this thread yesterday and already can't wait to be debt free (again)!

32b3in2013

Good morning

Another payment made today.  I have started on the next account to pay off

Total for  Number 25 now - £5072.88/£10,000.

I have sold some handbags and trainers to a consignment company, so should soon have another payment made in advance of payday.  I am determined to get these debts gone.

Happy Wednesday everyone

32b3

Thriftymissus

#33 Thrifty Missus.
£3157 paid off in total.
now at £4724 left of £7881 


hello, as someone with an addictive personality 🤦🏻‍♀️ I have continued to pay small, and some not so small,  amounts to my debts each day and have ignored my own advice I’ve said out loud on here 🤪  of being careful and not putting myself under pressure. I’ve now paid off 40% of totals outstanding. 

This is now a sum I can aim to pay off across 3 accounts  before Christmas in scheduled monthly direct debits. There isn’t any interest being added. With this in mind, I recognise a sound thing to do is to chip away with small amounts now and again, if genuinely possible, but relax a bit and let the direct debits take their course. 

I’m on NSD number 15 in February and have a target of 22, I’ve been extremely frugal, as well as doing surveys in the small hours, flogging clothes every Sunday and chucking a cash birthday gift at the debt. 

Sorry for the essay! I’m trying to say I’ve been working hard at this and happy to slow down a lot now. 🙏

Good luck all and thank you so much for this challenge. It has massively helped me get things straight for the coming year.

SuperSavingD

#11 £33.74 Paid to cc.

Total now £1042.17/£4746.64.  

Can make a larger payment next week once OH has been payed, think it’s Tuesday so not too long to wait now.  How good does it feel clearing the debt and seeing that balance reduce.  Onwards and downwards we all go!