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Let's get this sorted then!
Comments
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Oooo I woke up with finance related dread for the first time in a long time. It's the weekend, when I usually check all the finances and put them into my debt repayment document. December hit me hard!
I'll do it all this evening, family visits first, but in the meantime I will remind myself that as well as the milestones mentioned a few days ago I have
-An emergency fund (took a battering this month but still something in it)
-A high interest regular savings account for the EF
-Shares (cost me £1, but it all counts as part of this journey)
-Practiced managing money better, saving money, and planning for my future.
Debts 04/01/25 01/06/26
Natwest X2 £14,122.71 -
Barclaycard - £10,200
Lloyds CC £6,112.60 £3,795
1st Direct CC £176.03 £0
CC total £20,411.34 £13,995
OD £1100 £0
Car loan £4,000 £3,000
1st Direct Loan £10,684.44 £5,275
Total £36,195.78 £22,270
EF £2,210
HF £1.064 -
Aannd for Christmas my mum gave me money to buy my first premium bonds! That'll make me feel better about the December finances, another positive to add to the list
Debts 04/01/25 01/06/26
Natwest X2 £14,122.71 -
Barclaycard - £10,200
Lloyds CC £6,112.60 £3,795
1st Direct CC £176.03 £0
CC total £20,411.34 £13,995
OD £1100 £0
Car loan £4,000 £3,000
1st Direct Loan £10,684.44 £5,275
Total £36,195.78 £22,270
EF £2,210
HF £1.066 -
Final tally of the year (not the full year comparison and signature change as that's the start of January).
I wanted to get my debts down to 29,500 by Christmas. I managed that at the start of the month but then some food and fuel went on to the 1stD credit card that is for that purpose and cleared every payday.
As of today they are £29,451.01 !!
I did it!!
£6744.77 paid off my debts this year.Debts 04/01/25 01/06/26
Natwest X2 £14,122.71 -
Barclaycard - £10,200
Lloyds CC £6,112.60 £3,795
1st Direct CC £176.03 £0
CC total £20,411.34 £13,995
OD £1100 £0
Car loan £4,000 £3,000
1st Direct Loan £10,684.44 £5,275
Total £36,195.78 £22,270
EF £2,210
HF £1.069 -
Amazing work, well done.2
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Thanks!
I promise I'm not just repeating my wins over and over to get everyone to congratulate me. I'm trying to keep myself motivated through the last weeks of the year and the disappointment of the December expense.Debts 04/01/25 01/06/26
Natwest X2 £14,122.71 -
Barclaycard - £10,200
Lloyds CC £6,112.60 £3,795
1st Direct CC £176.03 £0
CC total £20,411.34 £13,995
OD £1100 £0
Car loan £4,000 £3,000
1st Direct Loan £10,684.44 £5,275
Total £36,195.78 £22,270
EF £2,210
HF £1.062 -
The debt payoff is a long slog, if celebrating those small wins keeps you motivated then that is something to keep repeating. The diary is meant to be something to keep you accountable, but also a place to come and revisit when that motivation drops a bit.4
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That's an amazing result, well done! It's good to remind yourself on how far you've come. Seeing it in black and white is a real motivator."Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee1
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Not only have you paid off a lot, you have met your target and your debt figure now starts with a 2. Well doneJune 2026, Mortgage free, Emergency fund fully funded & £200/200 cash maximum pb holding .:jWeight 12st challenge 11st 2lb
Gift to children challenge £40k in 2 years. Short term gift challenge 7 presents and $1300 can by September.
Determined to stop defining myself by my mistakes. Progress not perfection. I’m not perfect but I’m good enough.
https://forums.moneysavingexpert.com/discussion/6673398/hopefully-cruising-with-focus-towards-retirement#latest2 -
I am more than happy to congratulate you. You have paid off a large sum, looked after yourself, your home and your animals, emptied someone else's storage container and worked two jobs all whilst having to manage a health issue.
A big well done from me and all the best for 2026.4 -
Well done on reaching your goal!*Dad loan - £7000 - £7000
*Tesco Credit Card (0% 9/9/27) - £3623.18 - £3623.18
*Nationwide Loan - £11,000 -£11000.00
*Total Debt - £21623.18/£21623.18*
Savings
*Sinking Fund - £1400/2000
*Emergency Fund - £0/£3000
New diary- https://forums.moneysavingexpert.com/discussion/6474943/the-three-cs-coffee-clothes-credit-cards/3
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