My Debt Diary

Debt Payment Progress Report 10 – 16/11/18

November 16, 2018

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 November 16th 2018 my new debt total is £14,707.43 (My starting debt total was £16,814.29)

That means that in the last two weeks I have paid off £163.13. My new total debt payment to date is now £2106.86, which I have calculated to equate to 12.5% 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 £6723.67
  • Loan Two £5706.35
  • Credit Card One £0
  • Credit Card Two £2277.41

dept payment progress report total - 161118

Although I have had another slow fortnight with regards to my debt payments, I am in no way disappointed. If you read my goals update post on Monday you will know that I had to revise my focus a bit. Whilst I would love to pay off my debt as quickly as possible, work tends to slow down for me in the winter months and I have to adjust my budget to suit.

Instead of ploughing every spare penny I have into my credit card I am choosing to be a bit more conservative with my money, keeping some aside just in case my freelancing work drops dramatically. The most important thing is that I am able to afford all of my minimum payments and bills. Then of course there’s the added cost of the Christmas period to consider!

As I have said countless times before, the amount I pay each week, month or year isn’t the focus. The important thing is that I continue to pay off my debt piece by piece. Even when progress is slow, the small payments I am making add up so quickly and make such a big difference over time. If you’re finding that your debt free journey is moving slowly at the moment, stick with it. As long as your total is going down, even by pennies, that is what matters!

 

You can find my previous reports here.

 

debt payment progress report ten - 161118 - pinterest

Leave a Comment · Debt Free Journey, Debt Payment Progress

Leave a Reply Cancel reply

Your email address will not be published.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

Recent Posts

  • Competition: Win a Hamper
  • Be Inspired & Stay Creative
  • Festive giveaway
  • Essential Steps To Selling Your Home
  • 3 Ways To Use Your Home As Financial Leverage To Pay Off Debt

Recent Comments

  • mydebtdiary on Debt Payment Progress Report 14 – 08/02/19
  • mydebtdiary on Cheap Wedding Rings | Five Frugal Things for January 2019
  • mydebtdiary on Debt Payment Progress Report 15 – 22/02/19
  • Becca on Debt Payment Progress Report 15 – 22/02/19
  • Mia on Debt Payment Progress Report 14 – 08/02/19

Archives

  • August 2020
  • July 2020
  • December 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018

Categories

  • Budget
  • Christmas
  • debt
  • Debt Free Community
  • Debt Free Journey
  • Debt Payment Progress
  • Emergency Fund
  • Finance Book of the Month
  • Financial Freedom
  • Five Frugal Things
  • General
  • Goal Setting
  • Healthy Finances
  • Mental Health
  • Money
  • Money Making
  • Money Saving
  • My Debt Story
  • Personal Finance
  • Random Facts About Me
  • Self Employed
  • Uncategorized
  • Work
  • working from home
  • Your Debt Diary

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Copyright © 2021 · Simply Pro by Bloom Blog Shop.