Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • twiggy86
    • By twiggy86 16th Oct 14, 12:36 PM
    • 1,246Posts
    • 6,230Thanks
    twiggy86
    DFW journey starts today
    • #1
    • 16th Oct 14, 12:36 PM
    DFW journey starts today 16th Oct 14 at 12:36 PM
    Hi

    Been lurking for a while but today I am determined to get things under control - so this is my fourth step!
    Here's my background info! I half inherited a house last year so have finally moved out of the parents and in to the real world of responsibility! The key reason for my debt is that the house needed extensive work doing (completely re-wired, replumbed, plastering, flooring etc etc!) Whilst I had some savings for the work, this quickly ran out and so resorted to putting it on my credit card to get the house into a habitable state. There's still lots more work that needs doing and so I need to get back on track money wise and get some savings otherwise this will continue to spiral.

    First step was to calculate my total debt:-
    Credit card - £6,652.48
    Next - £436.48
    Overdraft - £480.52 (interest free)
    Parents - £820
    TOTAL - £8,389.68 (eek)


    So my second step was to apply for an interest free credit card to transfer some of my current balance. However unfortunately I got refused.
    So my first question is - I know Martin says to space out applications but how long should I leave in between? I've made an appointment to speak to someone at the bank next weekend but worried this isn't enough time between applications but also really want to get some debt shifted.


    I've also started working on a budget so that I know exactly where I stand (third step!) My second question is - if I budget £20 for X and £50 for Y etc - where do you keep your money? (No I'm not a burglar!) Do you keep it in your bank and just note how much is in each pot or do you draw it out the bank and keep it in separate envelopes? I have got a couple of accounts with my bank so all my household DD come out of one so that is separate from my everyday money. I know I would feel more in control if I had it in separate envelopes but then what if I do online shopping?!


    I hope this is the right post for this - any help would be greatly appreciated!
Page 28
    • twiggy86
    • By twiggy86 8th Mar 16, 5:25 PM
    • 1,246 Posts
    • 6,230 Thanks
    twiggy86
    Nothing really to update! Went to circuits last night despite not wanting to and actually impressed myself! I've also printed out (at work of course) some workouts called Neila Rey so I've been doing some of them. I know the basics of what exercises to do but without a structure I know I don't push myself as much as can. I must make myself go running again as well. Kind of having a mental block against it at the moment as don't feel fit enough so scared to get out there - which is silly considering I was doing hill sprints last night!


    Been debating whether or not to increase my mortgage overpayments to £200. Obviously if I don't the money wont be frittered away but would either use the extra £100 to put towards the house and/or the emergency fund. I don't think I'll do it for the end of this month as I'm not entirely sure when I'll get paid from my new job, if my tax will be correct etc. Plus a few years ago my boss gave me £200 towards my expenses for me to use and top up each month (if that makes sense). However in my pre LBM days, this of course got spent so I will be £200 down from this pay. I use my CC to pay for any expenses which is at over £100 for this month's expenses, of course I don't have to pay this straight off but that is not the MSE thing to do, so they will go on payday as they normally do!
    Last edited by twiggy86; 08-03-2016 at 5:29 PM.
    LBM 16.10.14 - TOTAL - £9,863.64 - now £1,344.82
    LBM2 10.10.16 - TOTAL - £5,224.87- now £4,890.88
    £1,000 EF #31 - £438.40/£1,000
    Pay off by xmas 2015 £6,329.96/£5,000
    Pay off by xmas 2016 £613.14/£1,957.96
    Mortgage overpayments 2015 - £500, 2016 - £1,000
    • twiggy86
    • By twiggy86 10th Mar 16, 2:38 PM
    • 1,246 Posts
    • 6,230 Thanks
    twiggy86
    Woohoo! Finally got to the £5 payout level on Swagbucks so that has been swiftly requested! Seriously need the help if I'm going to have any chance of meeting my £5 per day challenge! Although I have been wondering if I can count the money from the lodger now?
    LBM 16.10.14 - TOTAL - £9,863.64 - now £1,344.82
    LBM2 10.10.16 - TOTAL - £5,224.87- now £4,890.88
    £1,000 EF #31 - £438.40/£1,000
    Pay off by xmas 2015 £6,329.96/£5,000
    Pay off by xmas 2016 £613.14/£1,957.96
    Mortgage overpayments 2015 - £500, 2016 - £1,000
    • twiggy86
    • By twiggy86 14th Mar 16, 10:26 AM
    • 1,246 Posts
    • 6,230 Thanks
    twiggy86
    What a difference a bit of sun can make! OH has been out in the garden all weekend and I've helped where I can without getting in the way! So nice to feel a bit of progress again, even though it still looks like a building site, we've managed to clear away quite a bit of the rubbish so at least it's a tidy building site!

    Finally posted some things on Gumtree to attempt to get a few pennies in, no interest yet though. Put some roof tiles on there for £20 but if they don't go by next weekend, I'll put them on there for free I think as it will save us having to pay to get rid of them and OH wants the space. He's been looking out for free/cheap stone to build the garden wall with and has got quite a pile now! Luckily there was some in the front garden wall which he's now demolished and moved the stone round the back, although it will all need cleaning up.

    Managed to get myself to ParkRun on Saturday and was determined not to think about my time but focus on my posture and staying relaxed. However, of course then I was disappointed with my time! But it was definitely the easiest and most relaxed I've been whilst running - probably because I was going so slow!

    In money news - popped to parents on Saturday to borrow their jet wash and dad gave me the contents of their change jar which is about £34! He's bagged some of it up so I will take it to the bank in dribs and drabs when I'm going as they're funny about taking lots in one go! Must put in my car so I can pop in with some if I pass a bank. Also finally money has changed to payable in TCB! So that's £44.85 requested and will use £44.07 to pay off the holiday as I got it for booking the holiday. We did use the lodgers money to pay for tipping of the dirt etc this weekend so the decision was made for as to what to use this money for! But as the house pot is empty we wouldn't have been able to make so much progress without it, so I don't mind. Plus lodger spent a couple of hours yesterday burning some of the scrap wood which was in the garden, so at least that gets rid of it for free! He said he'll do the rest today as well.
    LBM 16.10.14 - TOTAL - £9,863.64 - now £1,344.82
    LBM2 10.10.16 - TOTAL - £5,224.87- now £4,890.88
    £1,000 EF #31 - £438.40/£1,000
    Pay off by xmas 2015 £6,329.96/£5,000
    Pay off by xmas 2016 £613.14/£1,957.96
    Mortgage overpayments 2015 - £500, 2016 - £1,000
    • twiggy86
    • By twiggy86 17th Mar 16, 3:58 PM
    • 1,246 Posts
    • 6,230 Thanks
    twiggy86
    Ok so I had a call about a training contract that I applied for last year offering me an interview! I've spent the last 2 days debating what to do as I'm due to start my new job in just over a week and it's not in my nature to mess people around. However I decided that as the interview isn't for another 4 weeks, I agreed to the interview as it gives me a chance to get a taste of the new job before the interview and so giving myself more time to make a decision. I can always have the interview but it doesn't mean I have to take the job, should I be fortunate enough to be offered it. I just feel like the new job is a really exciting step forward, and although a training contract is what I need to finally have the "label" of being qualified. Oh I don't know! But at least now I have time to think about it!

    In money news, TCB money hit the bank account so I used £44.07 to pay down the holiday which means we (well mainly me!) have paid off over half the holiday already! My OH is on track to clear his half before it's due.

    Also I paid £20 of the bagged change from my parents into the bank today. I will shortly be shuffling off to pay it off the CC which will mean my total debt is then under £1,500!!!!
    LBM 16.10.14 - TOTAL - £9,863.64 - now £1,344.82
    LBM2 10.10.16 - TOTAL - £5,224.87- now £4,890.88
    £1,000 EF #31 - £438.40/£1,000
    Pay off by xmas 2015 £6,329.96/£5,000
    Pay off by xmas 2016 £613.14/£1,957.96
    Mortgage overpayments 2015 - £500, 2016 - £1,000
    • twiggy86
    • By twiggy86 17th Mar 16, 4:00 PM
    • 1,246 Posts
    • 6,230 Thanks
    twiggy86
    WOOOHOOO - Under £1.5k!!!
    LBM 16.10.14 - TOTAL - £9,863.64 - now £1,344.82
    LBM2 10.10.16 - TOTAL - £5,224.87- now £4,890.88
    £1,000 EF #31 - £438.40/£1,000
    Pay off by xmas 2015 £6,329.96/£5,000
    Pay off by xmas 2016 £613.14/£1,957.96
    Mortgage overpayments 2015 - £500, 2016 - £1,000
    • twiggy86
    • By twiggy86 10th Apr 16, 9:27 AM
    • 1,246 Posts
    • 6,230 Thanks
    twiggy86
    Wow I haven't been around for a while!


    New job is going really well, really happy at the moment. Plus my boss seems pleased with my work. It is going to cost £84 a month to park but that is covered by the payrise I got. Plus I'm meeting a friend in town next week and so wont have to pay to park! So that claws back about £2!


    Been paying bits and pieces off the CC so its now down to £1,320.19. Can't wait to get it under £1k. Actually just cant wait to get it gone so then I can focus more on getting the house finished!


    I'm sure there's more to report but cant think right now!
    LBM 16.10.14 - TOTAL - £9,863.64 - now £1,344.82
    LBM2 10.10.16 - TOTAL - £5,224.87- now £4,890.88
    £1,000 EF #31 - £438.40/£1,000
    Pay off by xmas 2015 £6,329.96/£5,000
    Pay off by xmas 2016 £613.14/£1,957.96
    Mortgage overpayments 2015 - £500, 2016 - £1,000
    • Bobarella
    • By Bobarella 10th Apr 16, 8:45 PM
    • 7,966 Posts
    • 51,192 Thanks
    Bobarella
    Keep going Twiggy you are very close to 1k now. Inspirational!
    £800 to pay =70% repaid
    RR 2016 #2 December £0.17 2016-£55.16 2015- £84.20)
    Wombling Free 2016#5 £2,227.06 2015 £1027.20
    NST December
    PAYDBX #7 £1890.53/£2,700 (70%)
    • kindofagilr
    • By kindofagilr 14th Apr 16, 1:12 PM
    • 5,901 Posts
    • 19,689 Thanks
    kindofagilr
    Well done Twiggy so so close to 1k xx
    At LBM DFD was Dec 2024
    £47,166.44
    /£32,401.93 ~ 24/11/2016
    ~31.30% Paid

    POAMAYC 2016 #87 PD £7454.80/£7,000

    Current Target: Tesco 1: £2600.00/£2264.84 ~ 0% APR (till Aug 17) ~ (as of 24/11/16)
    Next Target: Virgin - R: £4095.34/£3666.71 ~ 0% APR (till July 17) ~ (as of 24/11/16)

    Mortgage (Start Date 01/04/09 ~ 30 year term, due to end 01/07/39)
    £104,409/£88,612 (as of 31/10/16) ~ 15.12% Paid

    Survey/Shop and Scan Earning's ~ 2015/£58.50 ~ 2016/£112.50

    My Debt Free Diary (Link)
    • monz
    • By monz 19th Apr 16, 9:27 AM
    • 1,925 Posts
    • 4,050 Thanks
    monz
    You are getting there Twiggy!!! x
    Debt (1/9/14) £6,702.11 Debt free (30/11/2016)
    Florida 2017 saving £2,598.93 (shd be £2,778.93/£180 short)
    Gym 0/15 Dec
    house deposit £3,500/10,000
    Xmas 2017 - 0/365 No.35
    • AleMrsT
    • By AleMrsT 17th Jul 16, 10:13 PM
    • 463 Posts
    • 1,144 Thanks
    AleMrsT
    Hi Twiggy I hope you're well, you havent posted for a while so thought I'd stop by to see if you're ok? Hope things are still good in your new job, I think you have a holiday and your birthday coming up soon if I remember reading correctly, so hope you're looking forward to these Post soon if you can, I miss your updates. MrsT x
    Debt @ LBM Nov 2014 = £7586.85
    DEBT AT START OF DMP JAN 2015 £7202.85 now £5468.26
    NCC £2060.00/£2414.66 HCC £1677.87/£1973.50 LOAN £932.06/£1759.69 OVERDRAFT £798.33/£1055
    General savings for Christmas/holidays etc £1000.07/£500
    Furniture £950/PAID
    • twiggy86
    • By twiggy86 10th Oct 16, 3:06 PM
    • 1,246 Posts
    • 6,230 Thanks
    twiggy86
    Oh wow! I haven't been on here in too long and come back to some lovely messages!

    However - I am here to confess my sins! But firstly - yes AleMrsT, I came back from holiday last week and had my 30th birthday whilst I was there!

    Good news - I have paid a teeny sum off my Hfax CC - a measely £176.53! I have also continued to overpay my mortgage by £100 a month - so that's an extra £1,000 gone off that! That's it for good news on the money front I'm afraid... read on if you dare!!!!

    Bad news - due to me being disorganised I forgot to make my minimum payment on my interest free CC meaning they are now charging me interest! But that is the least of my sins!

    We decided to crack on and decorate the living room as were growing extremely tired of living in a building site. However to do this I borrowed £1,000 from my parents which I will start paying back next pay day. We also got the sofa on finance - it interest free but disappointed that I've added back to the debts.

    In the build up to holiday and on holiday I spent a "bit" on my CC which I will aim to pay off this month and next - total of £552.14.

    I'm hoping I haven't forgotten any other "oops" moments! And that you guys can stop me going further off track! On the bright side its almost two years since my LBM and I'm a lot better off than I was before! Also I applied for a CC balance transfer this morning and was accepted! Also I'm loving my "not-so-new" job and my bosses are amazing!


    Right must catch up on what's been going on since I've been awol!
    LBM 16.10.14 - TOTAL - £9,863.64 - now £1,344.82
    LBM2 10.10.16 - TOTAL - £5,224.87- now £4,890.88
    £1,000 EF #31 - £438.40/£1,000
    Pay off by xmas 2015 £6,329.96/£5,000
    Pay off by xmas 2016 £613.14/£1,957.96
    Mortgage overpayments 2015 - £500, 2016 - £1,000
    • twiggy86
    • By twiggy86 10th Oct 16, 3:59 PM
    • 1,246 Posts
    • 6,230 Thanks
    twiggy86
    Oh dear - there was more bad news that I'd forgotten about! My EF is now down to £438.40 - due to an emergency I hear you ask? No - that also went towards the living room renovations and yes the house pot is also nearly depleted!


    I did however just pay £152.14 off the new CC debt. And I had also managed to double insure the house (didn't see the auto renewal letter in amongst all the post holiday letters) but managed to cancel without incurring a charge even though it had renewed on Saturday!
    LBM 16.10.14 - TOTAL - £9,863.64 - now £1,344.82
    LBM2 10.10.16 - TOTAL - £5,224.87- now £4,890.88
    £1,000 EF #31 - £438.40/£1,000
    Pay off by xmas 2015 £6,329.96/£5,000
    Pay off by xmas 2016 £613.14/£1,957.96
    Mortgage overpayments 2015 - £500, 2016 - £1,000
    • AleMrsT
    • By AleMrsT 10th Oct 16, 4:24 PM
    • 463 Posts
    • 1,144 Thanks
    AleMrsT
    Hi Twiggy! Its great to see you back, glad you enjoyed your holiday. I went AWOL for a little while too, I didnt really have anything to update so thought it was rather boring for me to post that things are just plodding along.
    I'm sure your new debts can be dealt with, and at least the money was used on something in particular rather than it just being built up from ad hoc spends here and there with nothing to show for it, which is how my debts built up.
    Debt @ LBM Nov 2014 = £7586.85
    DEBT AT START OF DMP JAN 2015 £7202.85 now £5468.26
    NCC £2060.00/£2414.66 HCC £1677.87/£1973.50 LOAN £932.06/£1759.69 OVERDRAFT £798.33/£1055
    General savings for Christmas/holidays etc £1000.07/£500
    Furniture £950/PAID
    • twiggy86
    • By twiggy86 11th Oct 16, 3:57 PM
    • 1,246 Posts
    • 6,230 Thanks
    twiggy86
    Ok so I don't want to get rid of the progress I had made so I'm posting my signature from before I went awol below - hope that will give me more motivation and then I'll give some thought as to how to set out my new signature as don't want to add the new debt to my old debt total as don't think that accurately reflects the picture!


    LBM 16.10.14 - TOTAL - £9,863.64 - now £1,344.82
    £1,000 EF #31 - £1,035/£1,000
    Pay off by xmas 2015 £6,329.96/£5,000
    Pay off by xmas 2016 £613.14/£1,957.96
    Mortgage overpayments 2015 - £500, 2016 - £300
    LBM 16.10.14 - TOTAL - £9,863.64 - now £1,344.82
    LBM2 10.10.16 - TOTAL - £5,224.87- now £4,890.88
    £1,000 EF #31 - £438.40/£1,000
    Pay off by xmas 2015 £6,329.96/£5,000
    Pay off by xmas 2016 £613.14/£1,957.96
    Mortgage overpayments 2015 - £500, 2016 - £1,000
    • AleMrsT
    • By AleMrsT 11th Oct 16, 4:01 PM
    • 463 Posts
    • 1,144 Thanks
    AleMrsT
    Perhaps add another line in beneath your old debt and call it 2016 debt, with the total and th3n update what you have left of it once you've made payments to it. That would be the easiest way to track it i think.
    Debt @ LBM Nov 2014 = £7586.85
    DEBT AT START OF DMP JAN 2015 £7202.85 now £5468.26
    NCC £2060.00/£2414.66 HCC £1677.87/£1973.50 LOAN £932.06/£1759.69 OVERDRAFT £798.33/£1055
    General savings for Christmas/holidays etc £1000.07/£500
    Furniture £950/PAID
    • twiggy86
    • By twiggy86 11th Oct 16, 5:56 PM
    • 1,246 Posts
    • 6,230 Thanks
    twiggy86
    Ok so new signature. Disappointed in myself for not just getting it all paid off and being debt free now. However, a positive is that I paid the holiday off in full and it was only through "treating" myself that I put stuff on my CC but my justification was that it was my 30th birthday! Now to get back on the straight and narrow!
    LBM 16.10.14 - TOTAL - £9,863.64 - now £1,344.82
    LBM2 10.10.16 - TOTAL - £5,224.87- now £4,890.88
    £1,000 EF #31 - £438.40/£1,000
    Pay off by xmas 2015 £6,329.96/£5,000
    Pay off by xmas 2016 £613.14/£1,957.96
    Mortgage overpayments 2015 - £500, 2016 - £1,000
    • Bobarella
    • By Bobarella 12th Oct 16, 10:53 PM
    • 7,966 Posts
    • 51,192 Thanks
    Bobarella
    Hey Twiggy
    Nice to see you back!
    Bob
    £800 to pay =70% repaid
    RR 2016 #2 December £0.17 2016-£55.16 2015- £84.20)
    Wombling Free 2016#5 £2,227.06 2015 £1027.20
    NST December
    PAYDBX #7 £1890.53/£2,700 (70%)
    • twiggy86
    • By twiggy86 13th Oct 16, 1:36 PM
    • 1,246 Posts
    • 6,230 Thanks
    twiggy86
    Couple of good results on the money front this week. So we cancelled our sky and moved to Virgin back in June. However part of the kick to get back on here was a letter from sky saying our bill was overdue. So I had let the dd run for a month or so and then cancelled. Turns out when we cancelled it was actually a scam number and not sky so they had no record of our cancellation. Couple of calls later and they have agreed to cancel on the date we believed meaning they are not only wiping our account of the debt owed but also will be refunding us approx. £140! This was the only bill in OH's name previously so now everything is in my name so I feel more in control!

    So in my optimism I checked my account yesterday to see if it had gone in (it hadn't) but we have been credited £191 by Wessex water! A while back our outside tap was left trickling and they put our dd up, presumably based on the usage going forward including the trickling tap, so we've been paying too much. This is my guess anyway as waiting for a letter to explain.

    I also received £2.54 from TCB so that went off the cc.

    Really enjoying feeling back in control!
    LBM 16.10.14 - TOTAL - £9,863.64 - now £1,344.82
    LBM2 10.10.16 - TOTAL - £5,224.87- now £4,890.88
    £1,000 EF #31 - £438.40/£1,000
    Pay off by xmas 2015 £6,329.96/£5,000
    Pay off by xmas 2016 £613.14/£1,957.96
    Mortgage overpayments 2015 - £500, 2016 - £1,000
    • twiggy86
    • By twiggy86 13th Oct 16, 4:17 PM
    • 1,246 Posts
    • 6,230 Thanks
    twiggy86
    Oh and I nearly forgot to mention that my bosses bought me a running gps watch for my birthday/thank you! I've been debating getting one so I'm extremely grateful but need to get out for a run! Will have to wait until tomorrow though as its circuits tonight.


    Oh I can't remember if I mentioned on here but I had wanted to do 12 running events this year. Probably wont hit that target but I have done 8, so that's not bad going considering I didn't really start until May (with just a terrible one in January!)
    LBM 16.10.14 - TOTAL - £9,863.64 - now £1,344.82
    LBM2 10.10.16 - TOTAL - £5,224.87- now £4,890.88
    £1,000 EF #31 - £438.40/£1,000
    Pay off by xmas 2015 £6,329.96/£5,000
    Pay off by xmas 2016 £613.14/£1,957.96
    Mortgage overpayments 2015 - £500, 2016 - £1,000
    • monz
    • By monz 14th Oct 16, 9:44 AM
    • 1,925 Posts
    • 4,050 Thanks
    monz
    8 is amazing to have done!!x
    Debt (1/9/14) £6,702.11 Debt free (30/11/2016)
    Florida 2017 saving £2,598.93 (shd be £2,778.93/£180 short)
    Gym 0/15 Dec
    house deposit £3,500/10,000
    Xmas 2017 - 0/365 No.35
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

2,764Posts Today

6,413Users online

Martin's Twitter