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  • FIRST POST
    • wedschild
    • By wedschild 8th Aug 18, 8:39 PM
    • 5Posts
    • 5Thanks
    wedschild
    My Journey To A Debt Free Me
    • #1
    • 8th Aug 18, 8:39 PM
    My Journey To A Debt Free Me 8th Aug 18 at 8:39 PM
    The time has come for me to really start clearing all of this unsecured debt I've got after receiving a significant pay rise at work and my childcare costs greatly reducing to almost zero. After leaving my full time job almost 2 years ago and taking a much lesser paid part time job, I never really changed my lifestyle and as such, have managed to rack up 6955.38 on credit accounts and credit cards. I'm managing the monthly payments fine but I want to clear them completely so that I can start overpaying on the mortgage

    First step in the journey is debt number one. Studio for 173.38. It's the lowest balance with the highest interest rate. The minimum payment is 12.00 roughly. The plan is to pay this off in one go on 1st September as I get my backdated pay rise which more than covers that payment.
    DEBTFREE WANNABE 0.00 / 6955.38
Page 1
    • loopybecs
    • By loopybecs 8th Aug 18, 9:15 PM
    • 600 Posts
    • 2,085 Thanks
    loopybecs
    • #2
    • 8th Aug 18, 9:15 PM
    • #2
    • 8th Aug 18, 9:15 PM
    Happy new diary!!
    Mortgage: 88,000.00 86,500.00
    Loan From Parents: 15,300.00 15,100.00
    Emergency Fund: 100.00/5,000.00

    New Car Fund: 50.00/6,000.00
    Single mama to 2 little girlies
    • WannabeFree
    • By WannabeFree 8th Aug 18, 9:23 PM
    • 1,748 Posts
    • 15,141 Thanks
    WannabeFree
    • #3
    • 8th Aug 18, 9:23 PM
    • #3
    • 8th Aug 18, 9:23 PM
    Happy new diary

    Good luck
    x
    Once you hit rock bottom, that's where you perfectly stand; That's your chance of restarting, but restarting the right way.
    • beanielou
    • By beanielou 8th Aug 18, 9:48 PM
    • 56,147 Posts
    • 226,966 Thanks
    beanielou
    • #4
    • 8th Aug 18, 9:48 PM
    • #4
    • 8th Aug 18, 9:48 PM
    Happy shiny new diary
    Great idea to tackle the highest APR one first
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. MFW 2018. No 144
    • SSDD23
    • By SSDD23 9th Aug 18, 8:35 AM
    • 66 Posts
    • 171 Thanks
    SSDD23
    • #5
    • 9th Aug 18, 8:35 AM
    • #5
    • 9th Aug 18, 8:35 AM
    Good luck x
    • wedschild
    • By wedschild 9th Aug 18, 12:38 PM
    • 5 Posts
    • 5 Thanks
    wedschild
    • #6
    • 9th Aug 18, 12:38 PM
    • #6
    • 9th Aug 18, 12:38 PM
    Thanks for the support all
    DEBTFREE WANNABE 0.00 / 6955.38
    • wedschild
    • By wedschild 9th Aug 18, 12:48 PM
    • 5 Posts
    • 5 Thanks
    wedschild
    • #7
    • 9th Aug 18, 12:48 PM
    • #7
    • 9th Aug 18, 12:48 PM
    I've had a little peruse around the site. Despite being a member over 10 years ago and getting some PPI refunds (thank you MSE!), I wanted to see if there's anything else I could take a punt on. I've sent some enquiries off via Resolver. If they prove fruitful, then great and if not, it was worth a shot.
    DEBTFREE WANNABE 0.00 / 6955.38
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