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  • FIRST POST
    • louby40
    • By louby40 17th Jun 16, 7:57 AM
    • 852Posts
    • 2,213Thanks
    louby40
    Round and round the overdraft....soon to be no more
    • #1
    • 17th Jun 16, 7:57 AM
    Round and round the overdraft....soon to be no more 17th Jun 16 at 7:57 AM
    Having lurked and read quite a few diaries I thought I'd start my own. If it's down on paper then I can read back and see my progress (or not)

    My debts aren't massive but my bugbear is my overdraft as I do believe if I can get that sorted everything else will fall into place

    My debts are:

    £400-500 overdraft every month
    £970 cc (just moved to 0% which I shall pay £50-100 a month off)
    £5500 left on my car loan (ends in Jan 2019)
    £106,000 mortgage at £600 pm

    I have £150 in an emergency fund

    I'm just in the process of moving my current account to First Direct to take advantage of their £250 free overdraft service and £100 incentive to switch. I need to keep my o/d under the £250 and slowly begin to chip away.

    My over spends are having 2 very tall teenage boys who eat a lot and extra trips to the supermarket. I also treat myself to a manicure/gel polish every month.

    I'm a single mum and work as a teacher so I buy stuff for my class, extra craft bits, second hand books from Amazon, it soon mounts up.

    I also need to be stricter with my boys and refuse the £2.50 they ask for lunch everyday.

    I shop in Lidl and cook a lot from scratch - my slow cooker is my saviour!

    I need to keep a strict spending diary and stop buying unnecessary things.
    Last edited by louby40; 11-09-2016 at 3:01 PM.
    Parents£885 Debt Free July 2017 Sealed Pot Challenge 10 #572 Debt free by Xmas 2017 #32 £2545/£3442
    Car loan £4218. Mortgage £98,160
Page 21
    • Poor_Single_lady
    • By Poor_Single_lady 20th Apr 17, 9:55 PM
    • 716 Posts
    • 2,418 Thanks
    Poor_Single_lady
    This is good!
    2017- 5 credit cards plus loan
    Overdraft And 1 credit card paid off.

    2018 plans - reduce debt
    • louby40
    • By louby40 22nd Apr 17, 2:09 PM
    • 852 Posts
    • 2,213 Thanks
    louby40
    It's the end of the holidays and I'm sad. So nice to be off and to be chilled doing my own thing.

    Back to work on Monday, I'll be fine once I've spent an hour there.

    We've just got back from a 9km walk, it's a lovely day. Now I'm going to peg out some washing and enjoy my afternoon.
    Parents£885 Debt Free July 2017 Sealed Pot Challenge 10 #572 Debt free by Xmas 2017 #32 £2545/£3442
    Car loan £4218. Mortgage £98,160
    • mummytogirls
    • By mummytogirls 22nd Apr 17, 5:25 PM
    • 4,977 Posts
    • 13,985 Thanks
    mummytogirls
    I feel the same Louby, hate the end of the holidays but manage to get back into it quite quickly! xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £8020.30 - 16/04/17 - 65.38% paid off
    • Honeysucklelou2
    • By Honeysucklelou2 22nd Apr 17, 6:46 PM
    • 132 Posts
    • 265 Thanks
    Honeysucklelou2
    We've been back a week, not long though to bank holiday weekend. Hope the summer term is a good one Louby.
    paydbx #90 £275/£10,000.
    365 day penny challenge £37.66/£667.95
    Loan £17k in 2012- £1094 in April 2017. Home improvement loans £3342 March 2017
    • louby40
    • By louby40 22nd Apr 17, 8:14 PM
    • 852 Posts
    • 2,213 Thanks
    louby40
    Yes not long and then it's only 4 weeks to half term! Typical educators counting down the weeks to the next holiday

    Parents£885 Debt Free July 2017 Sealed Pot Challenge 10 #572 Debt free by Xmas 2017 #32 £2545/£3442
    Car loan £4218. Mortgage £98,160
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