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  • FIRST POST
    NinjaSavingKat
    Ultimate Challenge. 457 days / 16600!!!
    • #1
    • 29th Sep 12, 10:52 PM
    Ultimate Challenge. 457 days / 16600!!! 29th Sep 12 at 10:52 PM
    So, dear fellow DFW's I want to join the ranks!..and apologise about how long this is!!

    I have researched, read and re-read so many incredibly encouraging threads, got myself excited over challenging myself and thought it was now time to make this REAL and make it public!!

    I WANT TO BUY MY OWN HOUSE!!! I cannot do this when a considerable amount of my earnings will go to debts... so this is the plan...

    From the 1st October I have precisely 457 days until the end of 2013. I personally refuse to enter 2014 ( by all means possible ) with any debt. This means working harder and longer, reducing out-goings to meagre proportions and selling everything I can afford to.

    So this is the break down - rounded up to the nearest 100 for absolute ease as I checked these amounts a month ago and have since paid towards them!! ....

    350 - Overdraft. This is being paid back in another 3 payments of 80 and will be gone by 01st January! REPAID!!! Reached 1000 since first posting but the ENTIRE amount was still paid on time!!!

    350 - Ex-Boyfriend. For motorbike gear. 2 more payments of 175. Refuse to start the New Year owing him anything ( despite him being very lovely and very understanding and not demanding at all ).. REPAID!!!

    1000 - Credit Card.Will be maxed shortly due to motorbike insurance.. will be selling stuff to cover this but for now the credit card has to take the brunt. (600 available at the moment ). Will be cleared by 31st December if it kills me and I live on beans! REPAID!!!


    2500 - Student Loan. Money paid @ 150 per month minimum and will be complete by at least October 2013 due to the amount of overtime at work I intend to get my dirty mitts on...
    REPAID!!!

    3200 - Nationwide Loan. This was for the Motorbike ( needed for commuting to work ). I am paying 133 per month, never missed a payment but have set up a standing order that I can transfer however much more I can afford each month in order to reduce the amount. I want this gone by 30th June. This means an extra 317 a month. Once the first three are repaid the surplus funds will be channelled into this loan! REPAID!!!

    9300. Northern Bank. This is for a piece of land bought back home!....297 monthly. I pay half / my parents pay the other half. But the loan is in my name. I want to take responsibility for the whole thing. REPAID!!!

    The Nationwide and Northern loans reduced in interest the more I pay off. Not sure if this is the same with all but it helps knowing that I can get rid of it all that much faster....

    So there you go 16600. Works out at 37 a day. Which will make me think before I buy that bottle of water or choccie bar I really don't need ( although vintage clothing store are more of a temptation )..

    So... no clothes shopping for 15 months, I will beg, borrow and swap if I want something new. I have asked for vouchers for Christmas..I buy food from Approved Food, reduced vegetables in Tescos, earn points in every store possible, and am selling all my books, and unwanted items... I am making hampers for close friends only and one hamper to send home to Ireland for 4 people ( max 40 ) for Christmas.. I get deals on line where I can, promotions, vouchers, coupons ...everything!!

    Petrol hits 200.. I make 1700, my outgoings are around 1300 ( including food ) when I pay each loan its minimum repayment... this is manageable. But to get rid as fast as I want I need to be earning another 700 a month. This is where the overtime at work comes in.. I need to work three extra Sundays a month...

    I have no family over here to move in with, no one to fall back on but me.. I am renting a room where all bills are included and share my life with a tabby called Dorothy. I don't drink, smoke or right now go out.....It will be worth it in the end I believe that for sure. This money saving / money making malarky is thrilling..

    So there you go folks... Onwards and upwards...


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    Last edited by NinjaSavingKat; 29-11-2013 at 5:01 PM.
Page 2
  • NinjaSavingKat
    Oh no! The baby clothes!! But seeing it's a charity you are helping another mother in need! This is a good thing... not quite the same but I have decided to sell a very beautiful expensive vintage dress that doesn't quite do up and that I shouldn't have bought in the first place....finger crossed for both of us..

    YEAH!! for the credit!! That is excellent news!!

    You will get new shoes some day don't worry - until then tesco carrier bags work a treat...

    On the road of life..
  • NinjaSavingKat
    .....even more exciting my debt is actually 15,211. This drop my daily average to 34 a month.. every little helps..

    On the road of life..
  • butterflywingz
    Good luck!!...well done for being so positive...with that attitude you will certainly do it!!

    xx
  • NinjaSavingKat
    Thanks Butterfly... onwards and upwards!

    On the road of life..
  • Countingdownthedays
    You will get new shoes some day don't worry - until then tesco carrier bags work a treat...
    Originally posted by NinjaSavingKat
    I have my limits... At least class it up with Waitrose bags :-)
    CC1 = 10,323 10,183.69
    CC2 = 8,437 8,200
    Loan = 3200 500
    Total = 21,960 18,883.69

    10/day challenge: 10
  • chickadee
    Hi there, you sound like a very positive person. You're already very motivated I can see. I just wanted to pop in to say I'll be following your thread with interest. I'm thankfully through that stage myself, but I have been there, not to the same level, but it wasn't good.

    One of the things I'm sure will motivate you is to get the smaller debts out of the way quickly, then you can concentrate on the others. Have you checked with your bike loan company that you are able to make extra payments without a penalty? If not, you might be better putting the funds into savings and still paying at the same rate to avoid a penalty. I'd hate to see your hard-earned cash going to pay an early repayment penalty.

    The other thing is to put as little as possible onto the credit card, as the interest rates are spectacular. I would definitely put all of my efforts into repaying this as the interest will probably be much more than the bike loan interest. Rule is, pay off the higher interest rate debts first, so you aren't increasing your debt with interest if possible.

    Your progress with the extra income is encouraging. I really need a clear-out as well but Ebay is a pet hate of mine. I have made cash on it over the years though but I'm really lazy about listing things.

    Why not pop over to the old-style board for food inspiration?

    Well done on a good start, keep it up!
    Sealed Pot Challenge #8 Member No: 36
  • NinjaSavingKat
    This is SO long ..very sorry people...

    One of the things I'm sure will motivate you is to get the smaller debts out of the way quickly, then you can concentrate on the others
    . You are right with the smaller debts. These are the ones I am getting rid of next month as I have overtime coming in. Overdraft and The Ex will be paid off together.Then I concentrate on the larger ones!

    Have you checked with your bike loan company that you are able to make extra payments without a penalty? If not, you might be better putting the funds into savings and still paying at the same rate to avoid a penalty. I'd hate to see your hard-earned cash going to pay an early repayment penalty.
    I have checked with them ( Nationwide ) and already set up a system whereby I can transfer whatever extra funds I have available each month without being penalized ( basically using the account number and sort code of my loan account ). I didn't want to up my base payment (134) just in case I hit a rough month. I intend to transfer equal amounts as of January to rid myself of it by the end of June! This monthly payment will jump to 460 ( ish ) per month in order to be rid by the end of June...

    The other thing is to put as little as possible onto the credit card, as the interest rates are spectacular. I would definitely put all of my efforts into repaying this as the interest will probably be much more than the bike loan interest. Rule is, pay off the higher interest rate debts first, so you aren't increasing your debt with interest if possible.
    The CC is already nearly full up again and the only down side is needing it for bike repairs / damage etc. This will also be paid off and full up in November as well - HOWEVER I will need to use it to pay my motorbike insurance for the year as monthly payments add on another 160. I am saving / earning extra from then until now ( God bless Ebay ) and might be able to fill that deficit and not use the CC. Its gonna be about 570 and what I can't get hold of may come from the bank of Mum and Dad - but that's one route I like to avoid even if it means a month of interest on the CC.

    Your progress with the extra income is encouraging. I really need a clear-out as well but Ebay is a pet hate of mine. I have made cash on it over the years though but I'm really lazy about listing things.
    I managed to make 350 in the space of a month when I wanted a new camera a few years back. I am planning to be quite ruthless as I mentioned above in actually selling a beloved unworn gorgeous vintage number... someone will buy it I am sure!..

    Maybe I cheated a bit by being all over this site before posting.. thank you for your advise though. My largest loan I have yet to check on regarding repayment. I KNOW I got written into the contract that I can pay back each month as much as I want however I am not sure if they want a fixed monthly payment or whether I can do a top-up payment like Nationwide when some months are tight. ( This one will jump from 297 per month to 712 ish ) - bearing in mind my parents half own this loan and pay me 140 each month. I still don't want my self employed Dad giving me anything - he works too hard...

    Anyway this one is not being touched until January either and I go home to Northern Ireland in a week so can talk to bank them face to face and make sure I know whats what... I got a few extra privileges as I have banked there since I was 10yrs old and my parents and brother bank at the same branch - small town etc...

    So there you go... I just need to earn around 700 more per month to be comfortable.. this means overtime at work which is not always guaranteed unfortunately...

    So ebay it is....

    On the road of life..
  • NinjaSavingKat
    So my little update for the day... I am on day 3 of the NSD. Had to buy passport photos for a per-arranged ID card I need - does this count. Otherwise I have food all packed for the day ( two meals as it's gonna be a LONG day )... posted a 5 jacket someone bought on Ebay this morning along with just over 5 to a dvd buy back website..

    Was ruthless with my books last night and scored 53 on Amazon.....just need to package them and get rid of them although their October offer is giving me another 5 on top of that..... still awaiting FatBrain money to come through - apparently it takes two weeks... no worries. I am patient..

    Photographed another few items for Ebay including some beloved tea-cups.... Now have at least 10 items to list although at work until very very late so will have to do them before work tomorrow...

    Ooooh I love this money making shizzle...

    On the road of life..
  • NinjaSavingKat
    Never sure if people are reading here but posting make me feel little beady eyes are keeping track of me - makes me worker harder and not spending anything!

    So I shall post an update.. Fat-Brain have credited me with about 12.45 / two items posted and paid for on eBay 13.89 / the BT cheque is 7.54 .. so I have a guaranteed = 33.88. Which is hitting and smashing my 5 a day challenge for October.

    Non-guarateed / Vouchers comes from Amazon - 49.03. ( ISBN checked, boxed and ready to go on Monday ). Its just such a shame this is in vouchers and not cash.

    I found a wandering 10.72 in one of my nationwide accounts that will be added to the above aforementioned 33.88 to make a whopping great 44.58 to be sent to my CC.

    HOWEVER.. I am awaiting the "no insertion fee" for Ebay although I heard a rumor of "only pay if you sell" possibly being offered now.. i need to get these listed and hitting a 10 day listing to avoid my hols back to see the penny-pinching mother in Ireland next week...so at least something is "on the go" whilst I am gone!

    I have a set of beautiful tea-cups that I am going to list for 25 ( free postage ) .. bit ambitious but someone might want them for a vintage themed wedding / party etc. This includes the dress I would like to list for 150 which will break my heart but I will remain strong.. this is why I want a free insertion weekend as I NEED to put up 12 pictures etc..

    But there you go. I have a SPA weekend in central London courtesy of a very wonderful girlfriend with free board and lodgings for two nights and a full SPA day on Saturday..

    So there you go...
    Last edited by NinjaSavingKat; 04-10-2012 at 7:38 PM. Reason: wording

    On the road of life..
  • Heffi1
    Hi I have subscribed to follow you on your journey, you are doing well and I am a little jealous of the spa day you have planned I hope you have a nice time.
    YNAB has been a revelation and is helping me make my money go further than it ever has before. If you fancy trying it, use my referral link and get 10% off the cost. http://ynab.refr.cc/CD3RJDL
  • NinjaSavingKat
    Ahhh Heffi1 don't be jealous.... its only up the road from work so not a complete holiday... and I have to get up at 0500 tomorrow for work and spend 18 on a rail card cause I can't bring my motorbike.... then wait until 2000 for my friends to arrive.. think I might have a snooze and watch some mind-numbing TV..........( its all lies I am gonna be all over MSE instead )..

    However I do intend to wallow like a hippo on Saturday in their pool...

    I am thinking though - how do I recoup the 18 which dashes my already hard earned monetary funds - along with the money desperately required for a b/wax...

    I have budgeted 150 for this weekend which I now feel is WAY too much...despite the travel tomorrow morning there wont be any need to buy an evening meal - as my friends are arriving late and wrecked I am hoping we can avoid a sit down dinner and just get a pizza - thus not stretching to the 50 allocated for the day....

    Saturday is unfortunately a day "out and about" in the evening following the SPA'ing... I don't drink and have strict rules about not wasting my money on alcohol for other people so ALWAYS buy my own drinks... so if its just food and a travel card I could easily stay under the 50 ( and I have a TasteCard free for a 60 day trial that arrived today ) without being a drag on my friends ( there is only three of us doing this )...

    Sunday is intending to be a shopping day but one of my little friends is worse off that me and in denial awaiting a pay out from a dead Grannies estate - which is looking to be a lot less than she expected - which means we may not shop until we drop - although I certainly wont..

    So fingers crossed I can come home with some change from this 150 - which was planned months ago ....

    Just about to leave work in next 30 minutes... 4th NSD DOWN...
    Last edited by NinjaSavingKat; 04-10-2012 at 9:12 PM.

    On the road of life..
  • NinjaSavingKat
    Another little update.. this NSD challenge has got to me. I am determined to make it to another full day and have a full 5 in a row!!!.

    SO bar the pre-arranged SPA travel money tomorrow which I am not counting, I have just made myself enough food to get me through the ENTIRE day..

    Porridge I can make up at work with raisins, Grilled veg and potatoes for lunch, sandwiches for later in the day if I feel peckish ( 3 rounds ), we got some Tesco value yoghurt ( 1kg ) decanted into a tub as its cheaper than individual pots in the long run... two bananas, two mint choccie bars and a wee bag of roasted nuts, ( courtesy of Approved Foods ), a bag of Tesco value nachos (45p and delish ) and salsa ( AP again ) for in front of TV while I wait for my girlies to arrive at the hotel.. oh and two naughty cans of Pepsi cause they make me happy..

    NOW I could go for a walk about London for a while instead of staying in but this is facing temptation - so I have decided against it...

    So there you go - not bad for being 0100 and knowing I have to get up at 0445...

    Treats...

    On the road of life..
  • NinjaSavingKat
    Well what a day.. I've secured my 5 from webuydvds.co.uk.. And am sat in a 4* hotel in central London.. However got duped when I went to a local beautician for a b/wax.. In house they wanted 45???.. 5 minutes down the road was 12.. Used hot wax and they added 8 without telling me the price difference.. Gutted. Knew I should have asked. She was very good though and I will go back.. Gave her 3 cause she was that good as a tip.. Then went to the till to pay. Coulda kicked myself..

    But I will earn this back somewhere..

    Scared as I'm the first into the hotel they took my CC dets.. Warned my girls not to touch anything..:-))..

    So I'm under my budget..50 for the day set aside at the beginning of the month and planned for. 23 + 18.50 travel ...eeeek! A few pennies left for a very small but of food- thankfully the girls don't want to go out..

    Travel recoup next week as I'm off to Ireland and won't use petrol! Also paid for friends birthday gift out of remaing funds and not the funds specifically put aside.. That'll go straight to the CC..

    Determined to have cheap fun this weekend..:-))..

    Is this an NSD fail..b/wax planned but the 8 overspend is a fail yes?? I think so- cant cheat here.. Boo hiss...

    Onwards and upwards..

    On the road of life..
  • Heffi1
    Well what a day.. I've secured my 5 from webuydvds.co.uk.. And am sat in a 4* hotel in central London.. However got duped when I went to a local beautician for a b/wax.. In house they wanted 45???.. 5 minutes down the road was 12.. Used hot wax and they added 8 without telling me the price difference.. Gutted. Knew I should have asked. She was very good though and I will go back.. Gave her 3 cause she was that good as a tip.. Then went to the till to pay. Coulda kicked myself..
    Originally posted by NinjaSavingKat
    Bloody hell that was an expensive mistake, but never mind I bet you had a nice pampering session and your skin is lovely and smooth now
    YNAB has been a revelation and is helping me make my money go further than it ever has before. If you fancy trying it, use my referral link and get 10% off the cost. http://ynab.refr.cc/CD3RJDL
  • NinjaSavingKat
    Hey Heffi1... It's a bit much paying 20! Really annoyed but my local one is really bad.. You live and learn. Did think this week was going too well..:-))..
    Yes skin is lively now.. Lol!

    On the road of life..
  • NinjaSavingKat
    Oooooooh Cash Britain is on! Wow I need to get out more...

    On the road of life..
  • Mockingjay
    Ha naughty spending! I do wonder how much a year I spend on removing hair.. It's probably a scary number!!
    CC1 - 8746 2801 71%
    LBM September 2012 - Current DFD Oct 14
  • brokemedic
    Never sure if people are reading here but posting make me feel little beady eyes are keeping track of me - makes me worker harder and not spending anything!

    Non-guarateed / Vouchers comes from Amazon - 49.03. ( ISBN checked, boxed and ready to go on Monday ). Its just such a shame this is in vouchers and not cash.
    Originally posted by NinjaSavingKat
    People are reading lol, it's always good to hear how other people are doing.. makes you feel like you aren't on your own.

    Is it possible for you to sell the amazon vouchers?

    bm
    One debt in 100 days 384/1264(865 left)
    Pay all your debt off by xmas 2014 276/18864
    NSD 4 and 4 in a row
  • NinjaSavingKat
    Hello BM... Never thought of that. I think they just credit it to your account!! Glad your Having a wee read... Sky box or no? Confess..!! :-)

    On the road of life..
  • NinjaSavingKat
    Ok so Spa weekend went well.. Lovely food last night in Covent Garden ( I challenged a (12.5%) service charge.. ) Anyone else do that? Course they didn't budge but I didn't do my homework on it beforehand.. Is it enforceable?

    Anyho I need a pat on the back please.. I put all my purchases back in Primark ( I know it's cheap cheap cheap but it all adds up ) bar cheapo pj's that I needed! Figured I'll be at home A LOT in the near future so might as well feel comfortable..

    88.50 spent! Not good but this has been planned for months and it's under my 150 estimate! Any leftovers are going straight to the CC tonight!!

    On the road of life..
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