We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Lurking Debt Free Wannabbe update
ANDY597
Posts: 430 Forumite
Hello All
Its been a little while since my last update on my path to be a debt free wannabee. The bad news since my last update is that my debt has actually increased on CC from £4700 to £5433.
However, the good news is that this wasn’t down to frivolous spending, it was a couple of emergency repairs, splitting up with my wife at Christmas (back on track now) and buying a family holiday for 4 which was long overdue.
The other good news is that my target to be debt free by the end of June is still on track despite this increase.
Here goes my current SOA:
£5433 left to go:
£200 estimated bonus from work in May
£450 from monthly budget Apr – June @ £150 per month
£3800 employee share save maturing at end of June that I’ve been saving for 5 years.
£200 expected cashback from my current mobile phone deal – 12month free by redemption
£350 sitting in quidco as paid, waiting to be withdrawn - Set the limit at £500 to stop withdrawal
£450 tucked away in an ISA
£100 tucked away in paypal from ebay sale/writers share – see income boards
£30 topcashback
£ X income expected from ebay, car boots, writers share and book sales until June
£X – awaiting validaton or missing earnings awaiting quidco/topcashback enquiry – breakdown as follows:
£101.95 tracked but not yet paid
£597.00 awaiting enquiry resolution - oldest date december 06 - so lets not count that, call it surprise bonus
Total projected income £5580 + the last X amounts.
There’s a little room for slippage there with the extra income, but I think I am on track.
So hopefully come the end of June, I will be migrating south to the Mortgage Free Boards.
Best regards to all
A
Its been a little while since my last update on my path to be a debt free wannabee. The bad news since my last update is that my debt has actually increased on CC from £4700 to £5433.
However, the good news is that this wasn’t down to frivolous spending, it was a couple of emergency repairs, splitting up with my wife at Christmas (back on track now) and buying a family holiday for 4 which was long overdue.
The other good news is that my target to be debt free by the end of June is still on track despite this increase.
Here goes my current SOA:
£5433 left to go:
£200 estimated bonus from work in May
£450 from monthly budget Apr – June @ £150 per month
£3800 employee share save maturing at end of June that I’ve been saving for 5 years.
£200 expected cashback from my current mobile phone deal – 12month free by redemption
£350 sitting in quidco as paid, waiting to be withdrawn - Set the limit at £500 to stop withdrawal
£450 tucked away in an ISA
£100 tucked away in paypal from ebay sale/writers share – see income boards
£30 topcashback
£ X income expected from ebay, car boots, writers share and book sales until June
£X – awaiting validaton or missing earnings awaiting quidco/topcashback enquiry – breakdown as follows:
£101.95 tracked but not yet paid
£597.00 awaiting enquiry resolution - oldest date december 06 - so lets not count that, call it surprise bonus
Total projected income £5580 + the last X amounts.
There’s a little room for slippage there with the extra income, but I think I am on track.
So hopefully come the end of June, I will be migrating south to the Mortgage Free Boards.
Best regards to all
A
0
Comments
-
Good luck - I am sure you will be on target for June!Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)Life begins at the end of your comfort zone (Neale Donald Walsch)0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.8K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards