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 [...]
how to handle your debt when you can't afford the minimum payments

How to handle debt when you can’t afford the minimum payments.

This is a guest post by Sara Williams. She is a debt adviser and runs the Debt Camel website which looks at everything to do with debt, from getting a payday loan refund to checking your credit rating before applying for a mortgage. Emma is clearing her debt using the snowballing approach. That’s great – it lets you pay off your debt fast and also results in you having a fantastic credit rating at the end. But snowballing only works if you can make at least the minimum debt repayments each Read more [...]
how to spread the cost of christmas

How to Spread the Cost of Christmas

Last week I wrote this post on how to plan for a debt free Christmas. I discussed the importance of working out a budget for Christmas in advanced. This allows you to set aside money each month to ensure you spend the festive season debt free. I wanted to follow that post with some tips on how to get organised and spread the cost of Christmas. In particular, spreading the cost of food and gifts. Spread the cost of gifts Gifts are always the largest expense for me, as I imagine they are for most Read more [...]