Hopefully debt free before Mortgage renewal in June 2026

Tezzadp

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Tezzadp

Cara_ said:

That's a good end of the month update and you’ve made great progress by reducing your debt by over £2,000 since January.

You have been very disciplined with your spending but perhaps you need a small treat to look forward to when hit a mile stone. This is just a thought as I do realise being debt free is the goal and while it is coming closer, it is still a few months away and I would hate you to lose focus after doing so well.

I feel confident that you will hit your goal of being below £4,000 at the end of May.

Thank you 

I dont really have much treats tbh, Although i did treat myself today at shopping and bought some doughnuts as a small little treat and still managed to come in under budget  I wouldnt know what id want as a treat, i dont have anything to look forward to really except to finally being debt free, but even that is exciting and scary at the same time. i do get a little down now and again but ive always been like that lol. Maybe in a couple of years i can save up and have a nice holiday, that would be nice. but for now i will keep my focus on getting out of this debt and lift some of the weight off my shoulders. 

Thanks soo much for having faith in me and keeping me encouraged to keep going. Its very much appreciated

Tezzadp

vampirotoothus said:

You have done brilliantly this month. Well done. V x

Thank you. I appreciate the support and encouragement 

rachmac3

Wow! You've made amazing progress in just a few months, well done!

Spendless

A treat might mean a visit to a coffee shop, a day trip, an outing, doing something with your daughter.

Its advisable to consider it because many people (myself included)get eventually 'bogged down' by constantly being focused on the debt repayments part way through the journey. The initial momentum has gone but theres still a distance to the finishing line. Giving yourself a 'reward' if you like at this stage can help with the 'this is never ending' feelings. 

Tezzadp

No money spent today

1st of the month means a whole host of direct debits came out my bank today:

£517.72 mortgage
£15.00 TV licence
£16.62 Car tax monthly payment (ive realised that this car tax costs me more than my insurance would if i paid it monthly. The next car i get i want a £0/£20/£35 tax per year car   
£50.00 E-ON Electricity 

Debt payments 

Natwest CC Daily payment £2.24 Total daily payments made this month £4.47

Total of all Natwest CC payments, including weekly payments made this month £4.47 leaving a balance of £4423.76

*This month refers to 30th April to 29th May (the day before pay day)

Tezzadp

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Tezzadp

rachmac3 said:

Wow! You've made amazing progress in just a few months, well done!

Thank you 

Tezzadp

Spendless said:

A treat might mean a visit to a coffee shop, a day trip, an outing, doing something with your daughter.

Its advisable to consider it because many people (myself included)get eventually 'bogged down' by constantly being focused on the debt repayments part way through the journey. The initial momentum has gone but theres still a distance to the finishing line. Giving yourself a 'reward' if you like at this stage can help with the 'this is never ending' feelings. 

Thanks for that. I might have a ride out to the beach at some point this week while im off, its been too hot these last couple of days tho for me, but if its a bit cooler at the weekend. i might take the dog for a walk on a beach somewhere. Only thing is the dog doesnt like going in the car she gets nervous, wont settle and sometimes is sick and the nearest beach is at least an hour and a half away lol. So it could be an eventful day 

I know what u mean tho, i dont really want much in life anyway and think most things are a waste of money, you value money more when you dont have any to spend i guess. Id like to pay the debts of as quickly as possible then i can have a bit of money spare to do other things with. im hoping 10 more months and it will all be gone. 

Tezzadp

No money spent today
No direct debits today

Friday means its standing order for £40 into my emergency/savings bank account day. Balance now stands at £307.50

Debt payments 

Natwest CC Weekly payment £14.00 (weekly payments increase by £1 per week until the debt is gone)

Natwest CC Daily payment £2.25 Total daily payments made this month £6.72

Total of all Natwest CC payments, including weekly payments made this month £20.72 leaving a balance of £4407.51

*This month refers to 30th April to 29th May (the day before pay day)