I paid off £25k worth of debt in 11 months – here's how you can too & the quick cuts you can make now to save hundreds

A WOMAN has revealed how she paid off £25,000 worth of debt in less than a year by making just a few small changes.

Anna often shares money-saving tips and advice on her YouTube channel and revealed the secrets to shedding her enormous debt in just 11 months.

Speaking in the video, Anna said: “I do encourage you to use some or all of these tips because while it isn’t easy it is possible.

“If I can do it you can do it! I really hope you manage to crush your debt as quickly as I did.”

Here we share Anna’s top tips to reaching financial freedom.

Reduce interests

Anna says: “The first thing I did in that category was to reduce interest on all of my debts, credit card, loans things like that.

“One thing I didn’t know is that you can move things from one 0 per cent credit card to another 0 per cent credit card for free.

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“I always pay the fee whilst moving things around. One of my friends told me they never do this so I looked for the deals on the credit cards you can move to

“One of my 0 per cent cards that was coming to an end – I thought I was going to have to either pay to get it moved. It’s usually a three or four per cent fee or just pay it off in full.”

Anna then used the money she would have paid towards the fee towards her loan, minimising the total interest she had to pay.

Stop buying certain things

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“I didn’t give everything up because for me I need to have certain things in my life to be happy so I stopped buying certain things and just reduced others,” she says.

She ditched little luxuries such as coffees and takeaways meaning she had extra cash to put away each week.

Decrease going out

Anna says: “I massively decreased the amount of times I was going out drinking and eating out.

“Working in an office job and living in London it’s really easy to get sucked into constantly being busy and it really adds up

“I didn’t want to become someone who never goes out. I just learned to say no and prioritise what I want to do.”

Food inventory and meal plan

“This involves very regularly taking everything you own out of your cupboards and your freezer and writing down everything you have and its expiration date.

“Use that to plan your meal plan for your week or two ahead.

“This massively decreased my food waste and cut my monthly food spend down.”

Increase your income

“I applied for a promotion at work.

“I was lucky enough to be successful which increased my income and all of that additional spend I was getting I put straight towards my debt and made sure I had no lifestyle inflation.

“I got two additional zero hours part time jobs. This might sound like a lot but because they were zero hours and I could pick when I wanted to work it really wasn’t that bad.

“My main role is very mentally stressful and mentally draining whereas these were more physical jobs at bars and restaurants.

“It was a nice scenery change if nothing else, I got to meet new people and earn some extra cash. I was getting around £300 extra a month and there was no commitment.

“I also made around £100 in one week for pet sitting and it really wasn’t much effort as long as they are local.”

Anna also sold valuables she no longer used to bag a little extra cash, including bagging £90 for a Go-Pro.

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“I used an American Express card that gave me Nectar points, by doing that I got about £150 worth of free shopping at Sainsbury’s.

“That was massive because that money I would have spent on food I put straight into my debt.”

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