Every two weeks I will be sharing my debt payment progress report with you. I’ll share my new debt total and some of the things I have done to make this happen. It will help me record my journey and it will also help me to stay motivated!
Debt payment progress report – my new total!
As of December 7th 2018 my new debt total is £14,620.03 (My starting debt total was £16,814.29)
That means that in the last couple of weeks I have paid off £250.53. My new total debt payment to date is now £2194.26, which I have calculated to equate to 13% of my debt total. (I should note that I have paid in more than this, however some money has gone straight to interest). The following debts now remain:
- Loan One £6561.46
- Loan Two £5805.21
- Credit Card One £0
- Credit Card Two £2253.36
Whilst work has continued to be slow, working hard on my side hustles has really helped me to get through the past couple of weeks and ensure I can cover all of my minimum payments plus a little bit extra. I’m not bounding forward with my debt free journey at the moment but my total is still going down and that’s what matters.
Ebay and Prolific Academic were my biggest earners throughout November and are continuing to help me this month. I managed to hit my goal of making an extra £200 by the 28th, plus a little more. I’m definitely going to be continuing my efforts to make sure Christmas is comfortable. Yes I love this festive season, but I refuse to move backwards for the sake of one or two good nights out and a pile of gifts.
I’m also starting to prepare for the new year, getting my tax return out of the way and readying myself for the busy return to work after some time off over Christmas. January is often one of my busiest months and so being prepared ahead of time with things like my blog will free up as much time as possible for me to earn a bigger income and dig further into my debt total.
You can find my previous reports here.