*UPDATE* November 2013 debt repayment figures...


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 - £24,180

Credit Card #1 - £1600
Car Loan #2 - £10,962
Credit Card #2 - £3500
Car Loan #1 - £2000

Total - £18,062

Novembers figures...

Credit Card #1 - £1,260
Car 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...


Labels:

Debt Busting Chick!: *UPDATE* November 2013 debt repayment figures...

24 Nov 2013

*UPDATE* November 2013 debt repayment figures...


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 - £24,180

Credit Card #1 - £1600
Car Loan #2 - £10,962
Credit Card #2 - £3500
Car Loan #1 - £2000

Total - £18,062

Novembers figures...

Credit Card #1 - £1,260
Car 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...


Labels:

8 Comments:

At 24 November 2013 at 14:00 , Blogger lemonadebudget.com said...

Woohoo, well done you! x

 
At 25 November 2013 at 06:34 , Anonymous Chris Lee Vella said...

Congrats! paying that much in a month is a very big deal! keep up the good work! btw what app is that?

 
At 25 November 2013 at 11:05 , Blogger Nikki M said...

Thanks hun! I'm a very happy bunny :)

 
At 25 November 2013 at 11:10 , Blogger Nikki M said...

Cheers Chris! If I keep this up hopefully I'll be debt free much sooner than anticipated. For the app I just searched budget app in the search bar in apps and it came up. It doesn't give any other name so I assume it's just called 'budget app'. I hope that helps.

 
At 26 November 2013 at 14:13 , Anonymous Balazs Hende said...

Congrats for your progress Nikki! Keep the good work going on :)

 
At 28 November 2013 at 06:14 , Anonymous Hayley @ A Disease Called Debt said...

Congratulations! It sounds like you've been doing brilliantly with budgeting this month. Tracking my spending has definitely been helpful in my debt payoff journey. Before I started accounting for everything, I frittered money away left, right and centre. Now though, I can see where I'm overspending and make adjustments before the damage is done.

This is the first time I've come across your blog, so I just wanted to say Hello and how lovely it is to 'see' a fellow UK debt blogger!

 
At 28 November 2013 at 13:28 , Blogger Nikki M said...

Thank you for your support and welcome to my blog.

 
At 28 November 2013 at 13:30 , Blogger Nikki M said...

Welcome to my blog and thanks for taking the time to comment.

It's great to speak to another uk debt blogger such as yourself too.

Loved your post about becoming a bridal make up artist. It really got me thinking.

 

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