Is it too early to start talking about the year almost being over? Debatable.
Soon, we'll be in 2026 and the motivation to fix your life will hit (usually around 1am on a random Sunday), that's if it hasn't started creeping in already.
That's why the last few weeks of the year are perfect for action planning.
The good news is, we're going to do it together.
Over the next few weeks, we'll tackle a range of problem areas and get action ready, so when 1 January comes around, you can focus on doing rather than strategising.
Debt is one of most expensive hurdles to confront when cleaning up your finances - both literally and mentally. So let's do the hard part first.
If conquering your debt:
- Has been on your to-do list forever
- Lives rent free at the back of your mind
- Or feels too overwhelming to begin…
then this is especially for you.
I think I can spare you the detailed explain as to how expensive it is to hold long-term debt - but just in case you don't believe me…
💰 £1,000 credit card debt after 5 years, on a 25% APR would be approx. £3,052.
That's about £2K in interest you could have put to much better use.
💸 DEBT DETOX PLAN
PHASE 1: FACE THE NUMBERS
→ List every debt, interest rate and minimum payment.
It's uncomfortable but clarity turns fear into focus.
PHASE 2: CUT THE COST
→ Balance transfer cards (0% for up to 24 months)
→ Consolidation loans - simpler and sometimes cheaper
You will need to assess each option to ensure it's applicable to your situation.
PHASE 3: AUTOMATE & PROTECT
→ Automate your debt payments immediately after payday
→ Where feasible, maintain small contributions to emergency savings
We need to reduce the likelihood of you falling into more debt.
PHASE 4: RESET YOUR SPENDING
Most people reduce their debt and end up falling back into it due to habits.
→ Audit your outgoing. Cancel or renegotiate anything that doesn't earn its keep.
→ Identify your problem areas and set some limits
We need to attack the root even whilst we're making progress.
PHASE 5: Build forward
Once your debts shrink or have been cleared, redirect your payments to savings or investments.
You'll want to spend it & technically you can. But we're making wiser financial decisions aren't we? 😶
That's all for today.
If you're keen to make sure progress not just with debt, then my 1:1 calendar is still open for a few weeks before the year ends. Book a session 🗓️
Till next time,
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