Can I do it?

A question about : Can I do it?

Gosh, this actually feels quite exciting doesn't it?! I always thought we would take years and years to pay our debts off but now I'm wondering if we can actually do it in a year? I daren't get overexcited but it's got to be worth a go!

So we have
Mortgage I Ј88,000 with 23 years to go
Mortgage II Ј48000 with 23 years to go
Car loan I Ј4900 2 years 8 months
Car loan II Ј4800 4 years
Bank loan Ј3450 2 years 8 months
Barclaycard Ј2675
Lloyds CC Ј565
Next catalogue Ј589
Littlewoods catalogue Ј281

I'm going to go with snowballing because quite frankly, I just prefer the psychological aspect of paying off whole debts, even little ones.

I have already had one week of no spending, except for Saturday because my fridge bulb went and it was driving me completely potty but shopping about I got one for Ј1.99 in Boyes (instead of Ј6.99 in morrisons, same brand!). I do have two kids and I have to work so it's not going to be easy.

So far I have
Switched utilities saving Ј40/month
Switched phone and broadband saving Ј26/month
Switched car insurance saving Ј8/month
Will be going onto sim only plan in March instead of upgrading
Cancelled unnecessary DDs and standing orders
Checked my credit file (that was VERY depressing but onwards and upwards!)
Sold some stuff on eBay making Ј60.10

Don't know what else I can do for now except stop spending and get creative at tea time.

Off to see how others are doing it!!

Best answers:

• After all my determination this month I have saved all of the above, had 18/24 no spend days, have run down the cupboards and freezer and feel like I have worked my socks off.
  And the result? Actually worse off than any month we've ever had since I sarted my new job in 2013. Thanks to a hefty bill of Ј260 and a Ј200 car service we are seriously down and Positively is struggling. All that for nothing, we have three days till payday and I am scraping for coinage to buy milk. Saying that, I haven't increased any debt and after paying my Littlewoods payment I have Ј190 (exactly, I like round numbers!) left and I think I might just got it next month, that will be Ј70 extra a month I can put towards other debts.
  I have learnt so much from reading through everyone's diaries but don't feel confident enough to comment yet, perhaps I will make that my aim this week
  Thinking Positively
• Wow, you have already made a great start though - great savings and good selling too! Will look forward to seeing you positively cut down those digits
• Hiya
  I'm new too, well after years of lurking. When you say a year do u mean the non-mortgage debts?
  Good luck on your debt free journey, it is quite exciting
• Oh yeah, defo not the non mortgage ones, and TBH the car loans are probably a bit ambitious but all the ones in my sig for sure.... thanks guys
• Hurrah, a positive day at last!! Got my wage slip through for Thusrday (only the day after tomorrow) and there's an extra Ј150 in there for some overtime I did!
  So income for March
  Salary Ј1260
  child Benefit Ј136
  Outgoings
  New electricity account 52
  broadband and phone Ј28
  Pet ins Ј6.97
  Car ins 18.89
  Home ins 27.16
  computer payment Ј14.82
  AA Ј17.86 ( I know this seems a lot but includes parts insurance, I do about 25,000 miles a year and my car is getting on a bit so I want to be covered)
  Life ins Ј12
  contact lenses Ј20
  Subs 26
  Mobile Ј33
  Swimming lessons Ј49
  Cubs subs Ј30
  Pay off old elec account Ј89
  TOTAL Ј480.98
  Fuel Ј200
  Food Ј200 (family of four)
  Debt payment
  Barclaycard Ј2675 .... Ј100
  Lloyds CC Ј598.... Ј50
  Next Ј520... 60
  Littlewoods Ј190.... Am going to pay the whole lot and close the account, this was at nearly Ј2000 4 years ago so this is a HUGE deal for me!!
  TOTAL DEBT REPAYMENTS Ј400
  So Ј1396 coming in, Ј1280.98 going out which leaves me Ј115.02 for my emergench fund. hurrah for budgeting, this is amazing!! I have my envelopes ready for divvying up the different amounts, cannot wait to go to the cash machine on Thursday and actually allocate the money to their envelopes, can't wait to call littlewoods and tell them to close my account, next up is Next, gonna smash it!!
  What are your plans for payday?!
• Excuse my multiple posts but I am thinking a bit today.
  I read someone else's 'confession' about buying designer bags and selling on at a loss when the guilt sets in.
  I have to admit that I do similar stuff but not with any one particular item. I have o er the last few months sold a load of things that I have bought in haste and never used, I have usually felt awful the minute I have clicked buy but hate returning things. That horrible feeling you get when you buy something you don't need AND can't really afford, I wish I could bottle that feeling and have a sniff every time I feels like buying something.
  I would be intrigued to know more about the psychology of this 'must-have-it-now-regardless-of-the-consequences' attitude and how to break it. I have been soooo good with my spending this month but have bought two just eat takeaways when I have got home from work and just too tired to make anything (I work 12 hour shifts). The second I pay I just feel awful and know that I've wasted money when I should have just got up and made something. I try really hard to remember that horrible feeling and will make effort to do so! At the moment I am desperate to paint my sons bedroom (it's a fairly inoffensive share of blue from before we moved in but it doesn't match the rest of the house and drives me crazy). b&Q are doing Dulux for Ј10 a tin this weekend and I a soooooo tempted, someone dissuade me!
• Last year I completed the NHS C25k programme which I stopped after the Easter holidays, I'd done 5k in 28 mins which was my target and was so pleased with myself. Then I just went off running. No matter how much I chastised myself I just couldn't put my running shoes back on. And then today that light came back on!!
  I got up having just decided "today I will go for a run". I don't know where it's come from but I did, I put all my gear on (worrying about my wobbly bottom which is considerably wobblier than it was this time last year), dropped the kids off at school, tied the dogs lead round my waist and off we went. I was expecting to only be able to do a few metres but I am shocked at having run over half the way round my 5k route. It took me 50 mins but that was with a lot of walking interspersed between runs, even managed a short sprint towards the end.
  So the fitness must still be there somewhere! I had that runners high for over an hour after, had a lovely soak in the bath and am actually looking forward to getting out on Friday. I wonder if part of it is because tomorrow is payday day and I am so excited about paying off and closing my first DFW credit account that I need something else to think about ?!
• Good luck Positively, subscribing
• Goof luck, subscribed also!