Well! What a month it has been. It was only last month I decided I would no longer live in denial and above my means. It was only last month that I decided I wanted to become debt free, and it was only last month that I looked at my budget and spending habits, and decided to change them.
To be honest, this month has flown by with many highs and lows but I'm pleased to say that I've made it. The first thing I did was read up on the best way to clear debt and the snowball method kept coming up. I put my debts in order from the smallest to largest debt and decided to tackle one of my credit card debts which had a balance of £1600.
I then looked at my bank statement and noticed that I was spending a lot in Tesco for lunch, so I decided to bring last nights dinner in everyday to save money. I'm still doing this, and now I look forward to my lunch. Before I would get bored of eating the same ploughman's sandwich daily but now its something different everyday.
However, I did have a huge set back as I broke my iPad. I still haven't had this repaired just yet but just to update you all, I did find a company that could do it and return it back to me within two days for just £64. I'll be sending it off when I break up for the Christmas hols.
Right! Now for the numbers...
So after lots for careful spending and buying petrol from Asda which is by far the cheapest where I live in London. I've ended up with £200 leftover in my bank account the day before payday to pay towards my debts. This has never happened to me before! It's got me really pumped up, and feeling like I can take on the world lol! Please excuse my over-the-top-nessss... I'm just really pleased with myself. I also returned a pair of £140 Aldo boots which were faulty, and I decided I didn't need them and to make do with what I already have.Last months figures...
Original Debt - £24,180Credit Card #1 - £1600
Car Loan #2 - £10,962
Credit Card #2 - £3500
Car Loan #1 - £2000
Total - £18,062
Novembers figures...
Credit Card #1 - £1,260Car Loan #2 - £10,759
Credit Card #2 - £3480
Car Loan #1 - £1990
Total Current Debt - £17,489
Total Debt Paid - £573
I know its not much but its a start for me and I'm hoping next month, i'll be able to save more but with Christmas on the horizon I'm not so sure. Not giving up just yet though, I'll still try my best.
Have you managed to save or make any extra debt payments this month? Share some of your achievements with me...