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Plodding Along
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InDebtEnby
Posts: 99 Forumite
I've been on here for a good few months now so it's about time I start my own diary.
I have been in debt since I was 18 when I got my first credit card and I'm 41 and a half now. The debt has fluctuated over the years with the highest being around the £20k mark, but my head was firmly buried in the sand then. I started to really tackle the debt in late 2022 and in June managed to get down to £3000 which I owe my mum. Then I took out a £12k loan for a campervan
The plan is to overpay on the van loan while building up savings for all of the annual stuff. I am in a unique position where I don't pay for rent or utilities as that is covered by work and I get a good wage, but only for 7 months as my job is seasonal and then I drop down to 10 hours per week for the remaining 5 months. Last year the amount coming in from less hours was enough to cover bills, but I do like to have about £3000 set aside to cover costs, on top of the emergency fund of £1000.
I have been in debt since I was 18 when I got my first credit card and I'm 41 and a half now. The debt has fluctuated over the years with the highest being around the £20k mark, but my head was firmly buried in the sand then. I started to really tackle the debt in late 2022 and in June managed to get down to £3000 which I owe my mum. Then I took out a £12k loan for a campervan
The plan is to overpay on the van loan while building up savings for all of the annual stuff. I am in a unique position where I don't pay for rent or utilities as that is covered by work and I get a good wage, but only for 7 months as my job is seasonal and then I drop down to 10 hours per week for the remaining 5 months. Last year the amount coming in from less hours was enough to cover bills, but I do like to have about £3000 set aside to cover costs, on top of the emergency fund of £1000.
August No Spend Challenge: 1/12
2025 No Spend Days: 88/100
Bank Loan Original End Date: 08/2030
Current End Date: 08/2030
2025 No Spend Days: 88/100
Bank Loan Original End Date: 08/2030
Current End Date: 08/2030
4
Comments
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I earned a little bit of interest today, so I've added that to the emergency fund.August No Spend Challenge: 1/12
2025 No Spend Days: 88/100
Bank Loan Original End Date: 08/2030
Current End Date: 08/20300 -
A little bit of cashback from TCB so moved that to the emergency fund.August No Spend Challenge: 1/12
2025 No Spend Days: 88/100
Bank Loan Original End Date: 08/2030
Current End Date: 08/20300
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