At the start of 2021, I saw this post from @moneysavvymumuk on Instagram.
I adapted the idea to make my own as I figured that £1000 would be a struggle over the year. I turned it into £750 over the year and instead of saving, I would use this to pay things off, paying off additional amounts each week.
I am pleased to say that I managed it and paid, in fact, more than £750 off over the year. This made a real difference to my finances. It is definitely worth thinking about if you want to save some money, or pay something off a bit faster over the year.
Here’s the record of my payments over the year – ignore the colours. I was originally going to keep a record on my computer, but decided having this in front of me in my office each week was better. I was going to highlight each week but decided to put dates instead of highlighting – this is better to look back and reflect on when good times are to pay.