Debt-free by November 2025

greenglove

Cara_ said:

Hello greenglove

I am sorry you are struggling at the moment and that your goal to buy a house seems such a long way into the future. Perhaps it might be easier to focus on getting rid of the debt so that you are only dealing with one issue and then focus on the house deposit once the debt has gone.

I know 2026 seems a long way off but time will pass quickly, especially once the baby is born - congratulations and good luck with the debt busting.

Cara

Thank you Cara. One issue at a time sounds completely sensible. Thank you so much for your message, very kind 

greenglove

Feeling a bit more in control today. I get paid next week but have started having to use my credit card for travel to work argh! Have been putting off cycling to work while it has been so cold and icy. Will need to review budget vs actual spend at the end of this month and rejig the budget. Have also had to put some little top up grocery items on credit card so will need to review grocery spend too.

In a bid to stop feeling overwhelmed and be able to live in the now, I have set some 5 year goals. This means they are here and down on paper, but I have plenty of time to get there.
-buy car
-travel Summer 2026 Australia, NZ
-save house deposit

Cara_

I'm pleased you are feeling more in control today. It's early days so you will find that you need to tweak your budget but you will get there. Great goals to focus on - I've been to Australia and it is fantastic. NZ is on my wishlist.

greenglove

End Jan 2025 debt totals:

Plata loan £521.98 - 3 payments left
Abound loan £4294.09 - 8 payments left
Halifax credit card £1935.64 - 8 payments left
Barclaycard credit card £4735.57 - 11 payments left

Total debt remaining - £11,487.28
Reduction in debt from last month - £833.89

Maternity fund total - £963
-shortfall in wage Jan 2025 £0
___________________________
fund total - £963

Feeling good, positive, in right frame of mind for ongoing debt-busting!
Got an excellent food shop this week with loads of fresh fruit and veg and wholesome food like nuts, seeds, oats, yoghurt for less than £90. Have then taken up a 65% off deal with gousto and we got 5 meals (for 2 people) for next week for £15.40!

greenglove

hello! I haven't posted in a while but wanted to keep track of things here.

Update from previous post:

Plata loan £521.98 PAID OFF
Abound loan £4294.09 £2539 - 3 payments left
Halifax credit card £1935.64 £1939.64
Barclaycard credit card £4735.57 £4839.97

Total debt remaining - £11,487.28 £9319.18

debt-free countdown date remains for December this year - 7 months! Unfortunately the credit card balances haven't gone down, I have reduced the monthly payments on these to minimums for now in order to pay off the abound loan more quickly. Once that is paid off in July, then I can throw every spare penny at the 2 last remaining debts to get them gone.

My partner and I now have a baby! All doing great. Maternity leave fund for my partner is working well so far and going to plan to cover her shortfall in wages. I am working extra hours in a second job to help cover this which is hard, but I just need to keep trying to be super organised with my time to make sure I can do the work, look after myself and make sure I am spending quality time with my family. It will be a busy 7 more months, but I can almost see the light at the end of the tunnel and I just cannot wait to be able to live and enjoy my money and my life WITHOUT DEBT!

in_need_of_direction

Congratulations on the new arrival 

1stTimer

Congratulations on your baby!

greenglove

Hello! Posting update for myself so I can keep myself accountable. Things gone a little off-plan due to general life and navigating it with a new baby and partner on mat leave. I am getting there, just a little slower recently that I would like. But the goal of being debt-free remains in sight - current debt-free date is March 2026. The last credit card balance may take a little longer than my plan to pay off, as there is some wages coming up at end Jan and Feb 2026 where my partner on mat-leave gets paid nearly £0, so i will need to use ££ from planned credit card payments to support her. I will cross that bridge at the time to finalise payment amounts and update accordingly.

Abound loan £4294.09 £2539 £430.29
Overdraft £800
Santander credit card £385.73
Halifax credit card £1939.53
Barclaycard credit card £4832.04

Total debt remaining - £11,487.28 £9319.18 £8387.59

26 August 2025

Unsecured Debt	Planned payment	Balance remaining
Abound	£434.75	PAYOFF!
Overdraft	£545.32
Santander credit card	£0
Halifax credit card	£60
Barclaycard credit card	£60

26 September 2025

Unsecured Debt	Planned payment	Balance remaining
Overdraft	£300.81	PAYOFF!
Santander credit card	£385.73	PAYOFF!
Halifax credit card	£353.53
Barclaycard credit card	£60

26 October 2025

Unsecured Debt	Planned payment	Balance remaining
Halifax credit card	£1040.07
Barclaycard credit card	£60

26 November 2025

Unsecured Debt	Planned payment	Balance remaining
Halifax credit card	£597.76	PAYOFF!
Barclaycard credit card	502.31

26 December 2025

Unsecured Debt	Planned payment	Balance remaining
Barclaycard credit card	1100.07

26 January 2026

Unsecured Debt	Planned payment	Balance remaining
Barclaycard credit card	1100.07

26 February 2026

Unsecured Debt	Planned payment	Balance remaining
Barclaycard credit card	1100.07

26 March 2026

Unsecured Debt	Planned payment	Balance remaining
Barclaycard credit card	849.52	PAYOFF!

Now, I'm off on a long drive to Cornwall to get some sea air and swims and beers and switch off from debt/work/life for a few days!!!!!!!