Knit Witch's NitWit LBM, debt busting with yarn!
Knit_Witch
Posts: 4,436
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Okay I need to shift £3k of various debts, I need to shift rather a lot of weight :eek: and I need a plan! At the moment I have lots of yarn so I am planning on knitting to keep me away from snacking and on-line shopping :rotfl:
The main thing is I reckon I can clear £200 a month - possibly more so I need to knuckle down and do so! (and not buy any more! )
The main thing is I reckon I can clear £200 a month - possibly more so I need to knuckle down and do so! (and not buy any more! )
Must use my stash up!
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Okay it looks as though I can make an extra payment of £30 tomorrow - this will be purely off the capital and not interest - so that should help matters out!
I just need to keep away from on-line yarn sellers :rotfl:Must use my stash up!0 -
Aha! A shiny new diary :hello: I shall subscribe and listen to your yarns with interest and amusement, no doubt.
Happy diary days :TTotal debt at October 2008: £67,213.30
Total debt today: £0 - debt and mortgage free 29th November 2013 :T
Sealed Pot Challenge member 14
Save £12K in 2014 - £6,521.90/£6K member 138
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If you have a ridiculous stash of yarn (as I have of fabric) could you knit things and sell them, even at a loss because you've already bought the yarn, to help clear the debt?
Feel free to dismiss this idea out of hand - I would hate to sew just to sell items, but might consider sticking a couple of things on etsy if I were still in debt.
Good luck with both your challeges0 -
If you have a ridiculous stash of yarn (as I have of fabric) could you knit things and sell them, even at a loss because you've already bought the yarn, to help clear the debt?
Feel free to dismiss this idea out of hand - I would hate to sew just to sell items, but might consider sticking a couple of things on etsy if I were still in debt.
Good luck with both your challeges
Luckily I don't have that much (yet :rotfl:) and I don't think my knitting is good enough to sell , but that is worth thinking of for a little way down the line (the main thing is to NOT add any more yarn or patterns until I have used up a lot of what I have AND cleared a fair chunk of the debt as well!)Must use my stash up!0 -
Hello Knit Witch, :hello:
..Fantastic user-name!
Happy shiny new diary; love the idea of knitting your way out of debt (clever you - I never managed to learn that skill, much to Mum's disappointment).
Good Luck on your debt-busting journey.
Rx
(subscribed )0 -
Hello Knit Witch, :hello:
..Fantastic user-name!
Happy shiny new diary; love the idea of knitting your way out of debt (clever you - I never managed to learn that skill, much to Mum's disappointment).
Good Luck on your debt-busting journey.
Rx
(subscribed )
Thank you *Robin* (waves back )Must use my stash up!0 -
Hello There :beer:
I wish I could knit....I'm left-handed and my Grandma tried to teach me left-handed knitting....and I did it for a little while but got bored....that's just typical of me...LoL :rotfl:
I'm always envious of people that can knit....so go for it and enjoy...
Well Done on the extra £30 payment...that's great.... :T
I'm going to subscribe if that's okay....Keep up with your Journey....0 -
Subscribing here too - you've reminded me that I have a lace-pattern shawl to finish off....
Good luck with losing the lbs and the ££££sHome: 06/08: £145,145.00 Currently: £106,249.36 Amount paid off: £38,895.64 (26.8%)
Ethel's: 05/18: £99,000.00 Currently: £99,000.00 Amount paid off: £0 (0.0%)
Tor: 05/18: £82,500.00 Currently: £82,500.00 Amount paid off: £0 (0.0%)
Debt-free: 17/02/20170 -
Hi Knit Witch,
I'm also on a yarn diet this year in an effort to pay for our house. I have cheated a little by getting Mum to buy me projects as my Christmas &Birthday gifts, but even without that I would have plenty to get along with! Love a bit of Ravelry for a free pattern too.
I shall subscribe, hopefully we can be a bit of mutual supportMortgage Outstanding Nov '16 £142,772.75Mortgage Additional OPs 2017 Target £4522.80/ Actual £865.00GC Feb 0/£2000
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