Hopefully debt free before Mortgage renewal in June 2026

Cara_

Having a daily reminder with the payment a day and the diary entry is a good way to keep your focus on your end goal. Your dedication will, I’m sure, see the £6,000 gone by the end of the year and it will be a great way to celebrate a new year. I’m sure with your approach, the debt to your family member will be soon repaid too.

Well done on the food shop, coming in under budget can be difficult. Will the budget savings be put towards the debt or will you use them for a treat to celebrate a repayment milestone?

Going on holiday is a great goal to have – do you have a destination in mind?

Tezzadp

No money spent today
No direct debits today

Debt payments

Hastings loan daily payment : £1.40 (total for this month (31st Jan until today) so far £9.59) - leaving a final payment of £67.40 in Jan 2028 (36 monthly payments) = Balance outstanding now £2663.38

Tezzadp

Cara_ said:

Having a daily reminder with the payment a day and the diary entry is a good way to keep your focus on your end goal. Your dedication will, I’m sure, see the £6,000 gone by the end of the year and it will be a great way to celebrate a new year. I’m sure with your approach, the debt to your family member will be soon repaid too.

Well done on the food shop, coming in under budget can be difficult. Will the budget savings be put towards the debt or will you use them for a treat to celebrate a repayment milestone?

Going on holiday is a great goal to have – do you have a destination in mind?

Hopefully i can get it repaid by the end of the year. Ive started off strong with a couple of months where i have no big expenses to pay, like xmas, Car MOT, car insurance or any major birthdays, but towards the end of the year alot of these tend to come at once which means my payments might have to decrease at some stages. But i still hope to get the majority of these paid this year if i possibly can. I will try my best.

Yes i always see how much cash i have left at the end of the month and then use what is left to pay off a chunk of my debt in one go. Which hopefully means i can clear it a lot quicker. 

Erm ive not really thought about a destination tbh. I'd love to go on a cruise and see different places, but anywhere warm with nice views and good food would be good.

VAP_Driver

I’ve just read through your thread from the start, and you’re doing really well. You’ve got your goals, have a plan how to get there, and are getting on with making them happen.

i know this phase is tough- it feels like you’re just existing, and although you’re making progress, the end seems such a long way off. But some day, and hopefully quicker than you might think, you’ll get there. And the reason that will happen is because of the things that you’re doing now. The satisfaction that you’ll feel (never mind the relief!) will be so much greater because it was all your effort, determination and sacrifice that will have got you there.

I’ve bookmarked this, and if you’ll have me, will come along for the journey. If you need some encouragement, or someone to vent to, just shout!

Tezzadp

No money spent today

Friday is Standing order of £40.00 into my emergency/savings account day. Total paid so far this month* £80.00 = Bank balance now £404.50

Debt payments

Virgin CC : £29.00 weekly Friday payment (an additional £1 added ever Friday until this debt is repaid) - Total paid so far this month* £57.00 = Balance outstanding now £1070.00

Hastings loan daily payment : £1.41 (total paid so far this month* £11.00) - leaving a final payment of £65.42 in Jan 2028 (36 monthly payments) = Balance outstanding now £2661.97

*This month refers to 31st Jan until today, and will run until 27th Feb (the day before pay day

Tezzadp

VAP_Driver said:

I’ve just read through your thread from the start, and you’re doing really well. You’ve got your goals, have a plan how to get there, and are getting on with making them happen.

i know this phase is tough- it feels like you’re just existing, and although you’re making progress, the end seems such a long way off. But some day, and hopefully quicker than you might think, you’ll get there. And the reason that will happen is because of the things that you’re doing now. The satisfaction that you’ll feel (never mind the relief!) will be so much greater because it was all your effort, determination and sacrifice that will have got you there.

I’ve bookmarked this, and if you’ll have me, will come along for the journey. If you need some encouragement, or someone to vent to, just shout!

Thank you for a really encouraging and motivating comment. The things you have said are exactly how i feel sometimes, like im just existing, just getting up going to work, eating the bare minimum, going nowhere and doing nothing with my life. But i really am hoping that the sacrifices and effort i am putting in now will help me to get to my end goal as quickly as possible and keep the period of stress, boredom, self pity, anxiety, depression to an absolute minimum.

I sometimes have days/times where i feel like i can't live like this, spending absolutely nothing, living hand to mouth. But then i remind myself of my end goal and that if i carry on the way im going it will all be over before the end of the year and i can begin to get my life back on track before the mortgage is due for renewal next June. Now i hate the thought of having to spend any money on anything else but my debts. If i dont need it to physically survive then i wont buy it, that's my motto until my debts are paid at the very least. 

Thanks for joining me on my journey, i'd gladly have you along to help me on my way to debt freedom. I know i will need some help, encouragement and advice on the way for sure.

Thanks again for your kind comment and inspiring words of encouragement 

VAP_Driver

Climbing a big hill is a lot harder than walking along the valley floor. Your lungs are burning, your legs are burning, and the hill seems to go on forever. Every now and then, you may lose your footing and slide back down somewhat, until you manage to dig your heels in and stop yourself. And all the while you’re thinking ‘Why did I decide to climb this hill? Maybe I should give up and head back down, it’ll be so much easier’. And some people do.

But for the ones who stick with it, at some point as the path starts to flatten, you realise you’re nearly at the top. You start to take bigger, more confident strides and the fatigue and the pain seems to drift away. And then you have that delicious moment when you’ve reached the summit, where you don’t need to work hard anymore. And you take a look around at the marvellous view, where the road ahead is both so much easier, and clear to see. And best of all, you get to look back at how far you’ve come, and you can feel incredibly proud of the journey you’ve been on. And optimistic and excited of what’s to come.

Just keep plodding up the hill, one step at a time. Every one may only a little closer to the top. But, it’s a little closer.

Tezzadp

VAP_Driver said:

Climbing a big hill is a lot harder than walking along the valley floor. Your lungs are burning, your legs are burning, and the hill seems to go on forever. Every now and then, you may lose your footing and slide back down somewhat, until you manage to dig your heels in and stop yourself. And all the while you’re thinking ‘Why did I decide to climb this hill? Maybe I should give up and head back down, it’ll be so much easier’. And some people do.

But for the ones who stick with it, at some point as the path starts to flatten, you realise you’re nearly at the top. You start to take bigger, more confident strides and the fatigue and the pain seems to drift away. And then you have that delicious moment when you’ve reached the summit, where you don’t need to work hard anymore. And you take a look around at the marvellous view, where the road ahead is both so much easier, and clear to see. And best of all, you get to look back at how far you’ve come, and you can feel incredibly proud of the journey you’ve been on. And optimistic and excited of what’s to come.

Just keep plodding up the hill, one step at a time. Every one may only a little closer to the top. But, it’s a little closer.

Thats a really good analogy, i could just envisage myself on that hill going up it each step at a time as i was reading what you wrote and i could feel the nice fresh cold air getting cleaner and cleaner with each step. I am only at the foot of the hill at the moment but im going to take it one step at a time and i really cant wait to feel what its like to get to the top and breathe that nice fresh debt free air at the summit. 

I've got this 

VAP_Driver

The thing you may not have given yourself enough credit for is, just by realising there is a problem and committing to do something about it, you took the first step. And that’s by far the hardest one to take, because it’s the easiest one to not take. That one step is such a big one, it took you halfway up the hill.

You’re absolutely right. You’ve got this.

Tezzadp

No money spent today and no direct debits today as its the weekend.

Dept Payments

Hastings loan daily payment : £1.42 (total paid so far this month* £12.42) - leaving a final payment of £63.55 in Jan 2028 (36 monthly payments) = Balance outstanding now £2660.55

*This month refers to 31st Jan until today, and will run until 27th Feb (the day before pay day