385 days to go to debt free living

11 December 2008

I will still have the mortgage of course, but I will be free of all my other debt by 31st December 2009.
This is a bold statement to make, as it won't be easy, but after a few days of feeling sorry for myself, which is very unproductive, I'm ready to kick this debt into touch. I've done my basic budget, and if I need to buy anything outside of it, I will have to make the money somewhere. I'm not quite committing to a no spend year, but I've not given myself any money for clothes, books, gifts or coffee!

Basic 2009 budget:

Bill account £900 (includes mortgage over payment)
Fuel £60
Sponsor Child £18
Child costs £70
Grocery £200
Haircut £10

All other money will go to debt repayment.

Further reading: Extra money earned September

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6 comments:

apieceofwoodDec 11, 2008 04:06 AM
You go! I know you can do it!
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lauraDec 11, 2008 05:11 AM
Thank you....you can too. How much are you aiming for in 2009?
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debtfree2009Dec 11, 2008 07:25 AM
I just wrote on my blog about being debt free in 2009. We will need to keep each other accountable because it is so easy to give into the wants.
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Miss MDec 11, 2008 12:02 PM
I think setting goals that are a stretch keep you motivated. I did a similar goal in 2007, paid off all my credit card debt in one year. I still keep a pretty lean budget, I have more goals to go - both debt and savings. Keep focused and you can do it. It's a wonderful feeling not having a huge debt hanging over your head.
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Sharon RoseDec 12, 2008 09:08 AM
Hi there-very best of luck to you, keep motivated and this will happen!!
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no more spendingDec 12, 2008 11:49 PM
thank you for your support debt free, miss m and sharon-rose. It's fellow bloggers that keep me going :)
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