The UK Version of the Baby Steps

The UK Version of the Baby Steps

Dave Ramsey's The Total Money Makeover is a book I have spoken about many times before. His debt payment process of using the Baby Steps is an absolute favourite amongst the debt free community and it has helped many people across the world to become financially free. It is however aimed at financial practices and products in America. The tips can therefore be a little hard to navigate if, like me, you are based in the UK. Here is my guide to the UK version of the Baby Steps. Please remember to Read more [...]
debt payment progress report 13 - 250119

Debt Payment Progress Report 13 – 25/01/19

Every two weeks I share my debt payment progress report with you. I post my new debt total and some of my money making efforts. It can be so easy to get caught up in the day to day payments, especially when my total is going down slowly. These reports help me to record my journey and stay motivated as I look back over the progress I've made so far! My new total! As of January 25th 2019 my new debt total is £14,272.74 (My starting debt total was £16,814.29) That means that since I last updated Read more [...]
failure can happen on your debt free journey and that's ok

Failure can happen on your debt free journey and that’s OK

Whether it's a blip or a major set back, failure can happen on your debt free journey. From using your credit card on something you know you shouldn't have to needing to spend £1000 on your car repairs, it happens to all of us. The important thing is that you learn from it and ensure that you do everything you can so that it doesn't happen to you again. Reasons we fail on our debt free journey. There are so many things that can make us feel like we have failed. From personal experience, lack of Read more [...]
how do we get into debt?

How do we get into debt?

Here on My Debt Diary I talk a lot about what I'm doing to get out of debt. Everything from putting together an emergency fund, saving money and making extra money to make sure that my debt total goes down as quickly as possible. The same goes for the debt free community as a whole. What we don't discuss so much, is how do we get into debt in the first place. I reached out to a handful of fellow money bloggers who each have their own story to tell when it comes to debt. Whilst debt is equally Read more [...]