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
    • SophieLoui23
    • By SophieLoui23 19th Jul 16, 11:51 AM
    • 153Posts
    • 399Thanks
    SophieLoui23
    Here we go...
    • #1
    • 19th Jul 16, 11:51 AM
    Here we go... 19th Jul 16 at 11:51 AM
    It's finally time I sat down and worked out everything I owe and a game plan to sort it. So here goes:

    All loans at 2% APR and are things I need to work on clearing:
    Car loan: £3,250.00 £100.00
    Small business loan: £4,145.60 £3,754.42
    Personal loan: £4,575.13 £4,500
    Second mortgage: £35,638.18 £5,500
    Running total: £47,608.91 £13,854.42

    Other:
    Debt to Dad: £550 £300
    Debt to friend: £1,700 £1,550
    Insurance excess: £290
    British Gas bill: £21.12
    Vets bill due by 15/08/16: £207.40
    Running total: £2,768.52 £2,140

    Total debt: £50,377.43 £15,994.42

    And on top of it all, I'm trying to find a new job, after my last contract ended in April.

    By August 2018 I aim to achieve:

    - Degree finished (retaking third year of four year course starting October 2016)
    - Career focused qualification complete (starting September 2016)
    - All 'bad marks' on my credit report will finally be wiped (last one due to be removed Aug 2018)
    - Aiming to have at least 18 months full time employment on a decent salary
    - Debt free! (Excludes mortgage on my home and student loan)
    - Potentially able to remortgage to a better rate

    It's a lot to work on, but I am determined to get to grips with this now.
    Last edited by SophieLoui23; 01-12-2016 at 12:38 AM.
Page 4
    • SophieLoui23
    • By SophieLoui23 25th Sep 16, 8:27 PM
    • 153 Posts
    • 399 Thanks
    SophieLoui23
    its all healed woo!! my eyes white lol xx
    Originally posted by monz
    Yay!! Glad you're better

    Hope everyone has had a good weekend. I've had fairly low spend one. Desperately needed some new clothes, so went on a charity shop haul on Friday and came back with a huge pile of clothes!! My mum had given me £40 the week before and I spent a total of £52, so just £12 of my own cash. Got some lovely pieces, including a Harrods cashmere scarf and a Ralph Lauren cardigan, as well as a couple of skirts, dresses, cardigans, jeans and a coat. Very pleased. Before my LBM I would happily spend £50 on a couple of tops. I think charity shop trips will the way forward for the foreseeable future. I used to just buy books from them but I found some incredible bargains, some still with the labels on. Must make sure I limit this 'cheaper' way of shopping though, else it will soon add up.

    Just sold my other car Got £2,200 for it. Waiting for the money to clear (bank transfer), then I'll pay £2,100 off my car loan and keep £100 to pay off a bill that's headed my way.

    Need to chase up my solicitor tomorrow to get a confirmed completion date for the BTL house. Cannot wait to pay a big chunk of the debt off and update my figures
    Last edited by SophieLoui23; 25-09-2016 at 8:34 PM.
    December Beauty Products - UU so far: 9 IN's: 9
    November Beauty Products - UU: 32 IN's: 16

    College attendance: 8/9 Uni attendance: 7/9
    Stock clearance: 211 161
    • SophieLoui23
    • By SophieLoui23 26th Sep 16, 4:43 PM
    • 153 Posts
    • 399 Thanks
    SophieLoui23
    Quick update:

    - Solicitor has said that the latest they would expect to complete should be 6th of October
    - Money from car is due to be in my account tomorrow

    Finally got round to tackling a packing box full of paperwork that I had 'hidden' from myself. I've now got a bag full of shredding to do, a tiny pile of paperwork that needs to be filed and a small pile of 'need to sort' paperwork. Nothing too big and will try and work on it this evening whilst watching a film or something.

    Got round to looking at my credit report. I have a rough idea of whats on it, but today I properly sat down and looked at it, made notes and finally plucked up the courage to contact all the payday lenders that I previously used back in 2011/2012 when my financial situation was absolutely dire. Told myself that I will never, ever go back to that horrible situation. So, I've got my statement of accounts from them all, some I'd already complained to in June so I've got final responses from them and I've escalated them to the Ombudsman. I've complained to the others that I hadn't got round to yet, so just need to keep on top of that. It's taken me all day, but I'm praying it will be worth it. I didn't realise quite how much I had borrowed (or been charged!) until I sat down today and properly had a look at it all. Don't really have any expectations, but if I could get back some of the interest or get some of it removed from my credit file, then it would be a great help.

    Hope everyone is okay
    December Beauty Products - UU so far: 9 IN's: 9
    November Beauty Products - UU: 32 IN's: 16

    College attendance: 8/9 Uni attendance: 7/9
    Stock clearance: 211 161
    • SophieLoui23
    • By SophieLoui23 27th Sep 16, 10:11 AM
    • 153 Posts
    • 399 Thanks
    SophieLoui23
    Money from the car sale has gone in my bank today

    I've just paid £2k off the car loan and updated my diary totals. Had to keep £200 for bills that are due. So happy
    December Beauty Products - UU so far: 9 IN's: 9
    November Beauty Products - UU: 32 IN's: 16

    College attendance: 8/9 Uni attendance: 7/9
    Stock clearance: 211 161
    • monz
    • By monz 27th Sep 16, 11:09 AM
    • 1,948 Posts
    • 4,087 Thanks
    monz
    Well done x
    Debt (1/9/14) £6,702.11 Debt free (30/11/2016)
    Florida 2017 saving £2,698.95 (shd be £2,778.93/£80 short)
    Gym 0/15 Dec
    house deposit £3,500.02/10,000
    Xmas 2017 - 8/365 No.35
    • ramblehan
    • By ramblehan 27th Sep 16, 12:28 PM
    • 342 Posts
    • 684 Thanks
    ramblehan
    Great news!
    LBM June 2015: £24025.75!
    The big bad three:£22,034 8.8% down 91.2% to go:
    Tax savings: £400/£1800
    'Very little is needed to make a happy life' Marcus Aurelius
    • SophieLoui23
    • By SophieLoui23 27th Sep 16, 1:02 PM
    • 153 Posts
    • 399 Thanks
    SophieLoui23
    Great news!
    Originally posted by ramblehan
    Well done x
    Originally posted by monz
    Thank you
    December Beauty Products - UU so far: 9 IN's: 9
    November Beauty Products - UU: 32 IN's: 16

    College attendance: 8/9 Uni attendance: 7/9
    Stock clearance: 211 161
    • SophieLoui23
    • By SophieLoui23 28th Sep 16, 7:58 PM
    • 153 Posts
    • 399 Thanks
    SophieLoui23
    Another good day today

    Set up a sale on my stock items on FB at lunch time. Had one sale so far but tons of people interested so hoping that I can shift some stock.

    Got my Sainsbobs delivery using the £50 voucher that didn't work last time

    Spoke to another food company who I had got birthday vouchers for that expired 3 years(!!!) ago. Didn't think I'd get anything back but they have said they will honour it. That's another £65 worth of food vouchers for the next couple of months. It's a smaller food shop that specialises in gormet, homemade frozen meals so it'll be added to the freezer for special treats. Although I only have a tiny freezer and it's pretty full right now... Hmmm...

    Hope everyone's had a good day.

    Freezing in my house, so about to make hot chocolate with marshmallows I have left over. Yum!
    December Beauty Products - UU so far: 9 IN's: 9
    November Beauty Products - UU: 32 IN's: 16

    College attendance: 8/9 Uni attendance: 7/9
    Stock clearance: 211 161
    • SophieLoui23
    • By SophieLoui23 29th Sep 16, 11:18 AM
    • 153 Posts
    • 399 Thanks
    SophieLoui23
    A week to completion and I've just had my transfer documents through to sign. Very excited
    December Beauty Products - UU so far: 9 IN's: 9
    November Beauty Products - UU: 32 IN's: 16

    College attendance: 8/9 Uni attendance: 7/9
    Stock clearance: 211 161
    • SophieLoui23
    • By SophieLoui23 30th Sep 16, 7:59 PM
    • 153 Posts
    • 399 Thanks
    SophieLoui23
    Made a few sales over the past couple of days so I've rounded off some of my debts and updated my figures

    So glad it's Friday
    December Beauty Products - UU so far: 9 IN's: 9
    November Beauty Products - UU: 32 IN's: 16

    College attendance: 8/9 Uni attendance: 7/9
    Stock clearance: 211 161
    • SophieLoui23
    • By SophieLoui23 2nd Oct 16, 5:05 PM
    • 153 Posts
    • 399 Thanks
    SophieLoui23
    Yesterday I crashed my car. Bad enough that the car looks awful but thankfully not bad enough that anyone was hurt. It's currently sitting outside my house and I'm waiting for the garage to call me tomorrow to arrange collecting it and assessing the damage. The recovery guy reckoned it'll be a write off.

    Today I stumbled across an article by Paulette Perhach ("A Story of a F Off Fund") and it really made me think. Google it - it's some powerful stuff. I've put £100 in my (previously zero balance) ISA today and I intend to add any spare pennies from my bank balance each day to it, just to start me saving something again. I used to be so good at saving but not having a regular income has scuppered that.

    Hope everyone's okay xx
    December Beauty Products - UU so far: 9 IN's: 9
    November Beauty Products - UU: 32 IN's: 16

    College attendance: 8/9 Uni attendance: 7/9
    Stock clearance: 211 161
    • DawnW
    • By DawnW 2nd Oct 16, 6:06 PM
    • 4,084 Posts
    • 30,452 Thanks
    DawnW
    Sorry to hear about your car Sophie. Hope you are ok

    • ramblehan
    • By ramblehan 2nd Oct 16, 10:01 PM
    • 342 Posts
    • 684 Thanks
    ramblehan
    Oh no - at least you are OK. A car can be replaced!
    LBM June 2015: £24025.75!
    The big bad three:£22,034 8.8% down 91.2% to go:
    Tax savings: £400/£1800
    'Very little is needed to make a happy life' Marcus Aurelius
    • SophieLoui23
    • By SophieLoui23 3rd Oct 16, 3:31 PM
    • 153 Posts
    • 399 Thanks
    SophieLoui23
    Sorry to hear about your car Sophie. Hope you are ok
    Originally posted by DawnW
    Oh no - at least you are OK. A car can be replaced!
    Originally posted by ramblehan
    Thanks both

    Dawn - do you have a diary? xx
    December Beauty Products - UU so far: 9 IN's: 9
    November Beauty Products - UU: 32 IN's: 16

    College attendance: 8/9 Uni attendance: 7/9
    Stock clearance: 211 161
    • DawnW
    • By DawnW 3rd Oct 16, 6:34 PM
    • 4,084 Posts
    • 30,452 Thanks
    DawnW
    No, I dont have a diary, as I am lucky enough to be no longer in debt

    • SophieLoui23
    • By SophieLoui23 6th Oct 16, 11:49 AM
    • 153 Posts
    • 399 Thanks
    SophieLoui23
    Just completed on BTL house sale. £29.5k paid off BTL mortgage and £500 to clear my overdraft I've just updated my totals. Have a tiny bit more to round down my small business total, but I've reached my transfer limit today so that will have to be done tomorrow.

    Oh and the garage called me this morning to tell me my car was a write off. Just waiting for the valuation on that!

    Hope everyone's okay xx
    December Beauty Products - UU so far: 9 IN's: 9
    November Beauty Products - UU: 32 IN's: 16

    College attendance: 8/9 Uni attendance: 7/9
    Stock clearance: 211 161
    • SophieLoui23
    • By SophieLoui23 10th Oct 16, 11:53 AM
    • 153 Posts
    • 399 Thanks
    SophieLoui23
    Hope everyone has had a good weekend

    I've been at home mostly, due to lack of car. Sorted through my wardrobe and have two bin bags full of clothes (1 for textile recycling, 1 for charity shop) that I haven't worn for ages and I'm unlikely to wear again. I don't have a lot of winter clothes, so planning a charity haul this weekend coming. My dad's birthday meal is on Saturday and there are some really good shops near him, so I'll probably spend a couple of hours shopping before getting ready at a family members house. That will be a nice day

    Still waiting on a value for my car that was written off. Luckily, one of the company cars at my dad's business is being sold, due to the lady going part time and no longer needing it. They've offered it to me at about half of what I imagine I'll get back for my written off car, so any money left over will be allocated to the outstanding car loan. New car also has a personalised number plate as part of the deal

    Starting back at uni tonight. I'm feeling really positive about it and plan to get an earlier train so that I can go and take some library books back from last term & pay off outstanding fines, hand in my bursary application form and have plenty of time to find my lecture hall, so I'm not in a rush or stressing. Going to keep a track of my attendance for both college and uni on my sig x
    Last edited by SophieLoui23; 10-10-2016 at 11:56 AM.
    December Beauty Products - UU so far: 9 IN's: 9
    November Beauty Products - UU: 32 IN's: 16

    College attendance: 8/9 Uni attendance: 7/9
    Stock clearance: 211 161
    • SophieLoui23
    • By SophieLoui23 10th Oct 16, 11:57 AM
    • 153 Posts
    • 399 Thanks
    SophieLoui23
    Updated sig
    December Beauty Products - UU so far: 9 IN's: 9
    November Beauty Products - UU: 32 IN's: 16

    College attendance: 8/9 Uni attendance: 7/9
    Stock clearance: 211 161
    • SophieLoui23
    • By SophieLoui23 19th Oct 16, 10:48 AM
    • 153 Posts
    • 399 Thanks
    SophieLoui23
    Just a quick update.

    Car has been valued, which I'm currently in the process of arguing but they are sending an interim payment in the meantime. Just had confirmation that this will be in my account in 3-5 working days. That will pay off the car loan (and the money that I for my new to me car). Hoping to get my debt under £15k by the end of this month.

    Nothing else really to report. Had my birthday, so missed both uni and college this week but will catch up on the lecture slides and make some notes.

    Hope everyone is okay and debt busting
    December Beauty Products - UU so far: 9 IN's: 9
    November Beauty Products - UU: 32 IN's: 16

    College attendance: 8/9 Uni attendance: 7/9
    Stock clearance: 211 161
    • SophieLoui23
    • By SophieLoui23 22nd Oct 16, 11:44 AM
    • 153 Posts
    • 399 Thanks
    SophieLoui23
    Interim payment for the car write off came through today, so that covers the 6 months tax, slight increase for the remainder of my insurance policy, plus the cost of new car. Oh and I've paid £1k off the car loan Updated first post with new figures.

    I've been trying to look for low cost exercise ideas and did my first 5km ParkRun today. Loved it!
    December Beauty Products - UU so far: 9 IN's: 9
    November Beauty Products - UU: 32 IN's: 16

    College attendance: 8/9 Uni attendance: 7/9
    Stock clearance: 211 161
    • monz
    • By monz 22nd Oct 16, 12:03 PM
    • 1,948 Posts
    • 4,087 Thanks
    monz
    Well done xx
    Debt (1/9/14) £6,702.11 Debt free (30/11/2016)
    Florida 2017 saving £2,698.95 (shd be £2,778.93/£80 short)
    Gym 0/15 Dec
    house deposit £3,500.02/10,000
    Xmas 2017 - 8/365 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

1,119Posts Today

5,457Users online

Martin's Twitter