All of a sudden we have arrived in a brand new year. It has been almost an entire month since I last did a debt payment progress report. After I got caught up in the festive season I decided to just ride the wave instead of fighting against it. I took a break from writing, but not from my debt journey. Let me catch you up on where I am now!

Debt payment progress report – my new total!

As of January 11th 2019 my new debt total is £14,435.87 (My starting debt total was £16,814.29)

That means that since I last updated you about a month ago I have paid off £184.16. My new total debt payment to date is now £2378.42, which I have calculated to equate to 14% 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 £6399.46
  • Loan Two £5743.05
  • Credit Card One £0
  • Credit Card Two £2293.36

debt payment progress report 12 total

If you’ve been following my journey closely you will know that it has been just over a month since I last updated you on my debt free journey. As you can see, I have made some progress on my debt total, but not by leaps and bounds. Unfortunately December was a very expensive month and whilst I was able to make all minimum payments I couldn’t afford to throw anything extra at my debt. My totals have all gone down however thanks to interest the dent I have made in the past four weeks feels tiny!

You can probably tell from the way I’m talking in this post that I’m disheartened and a bit frustrated. I stopped posting for a while partially because I was really busy around Christmas and things, but more so because this debt free journey is bloody hard. I really do enjoy sharing my progress because it motivates me to carry on and I know it helps some of you too, but sometimes hiding away for a bit feels like the best option.

Now that we’re well and truly into the new year I feel like I’m out of my slump and ready to take on 2019. This year has so much potential and I’m really excited to see what I can achieve if I keep moving forward, even if it is slow sometimes!

You can find my previous reports here.

debt payment progress report 12 - pinterest

2 Replies to “Debt Payment Progress Report 12 – 11/01/19”

    1. Thank you so much Lorna! That’s exactly what I need to keep reminding myself! I appreciate you taking the time to leave a comment 🙂

Leave a Reply

Your email address will not be published. Required fields are marked *