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  • FIRST POST
    • lucy-lou
    • By lucy-lou 12th Oct 16, 12:24 AM
    • 54Posts
    • 85Thanks
    lucy-lou
    Debt Free By 29!!!
    • #1
    • 12th Oct 16, 12:24 AM
    Debt Free By 29!!! 12th Oct 16 at 12:24 AM
    Evening all,

    I am new to all this but have been stalking the debt free wannabe diaries for a couple of days now and feel that after a number of years of believing I had had a light bulb moment (but never making any inroads into my debt) I finally realise I have to clear the debt I have to move forward with my life .... time to grow up!!

    I have been incredibly lucky over the past year I am a retail manager who got out of BHS 1 year ago (before the collaspe) and now earn 50% more but still haven't paid down the debt.

    I live with my parents so have no outgoing as such just fuel and normal car expenses. I know that my downfall is holidays (at least 5 per year) and socialising.

    I have had a help to buy ISA since December 2015 and pay in the full £200 each month and my parents gave me the £1000 to open it with (think otherwise they think I will never leave ). I pay no rent as long as I can show that £200 going into the ISA every month so can't change this to debt payments.

    So I turn 29 in 6 months and HAVE to be debt free by this date (March 2017) so that I can focus on saving additional money to buy a property of my own! I don't want to hit 30 still in debt and have no plans/way to leave home .

    So here goes my debts laid out:
    Barclayc@rd 1 = £976.90 @ 23.9%
    Barclayc@rd 2 = £1865.10 @ 0% till October 2017
    N@tionwide = £1156.45 @ 0% till April 2017
    Total = £3998.45

    Now for a plan!!!
Page 4
    • lucy-lou
    • By lucy-lou 6th Mar 17, 10:05 PM
    • 54 Posts
    • 85 Thanks
    lucy-lou
    So today has been a NSD unless you count paying 50p from change in my purse to use the toilet at London Waterloo train station (should have been 60p, but someone left 10p credit in the turnstile! Small wins!!)
    I had to buy my train ticket on my credit card today (£125!!!! - why anyone catches the train at those prices I do not know) but I will get that back from work as expenses so not counting it as debt or a spend (a small amount of cheating?!)
    So I counted the money in my purse today and found I needed 20p to put towards my nails on Wednesday so hunted everywhere and found £2.72 in an old purse. Popped the 20p in my purse and put £2.52 in my sealed pot.
    I also checked my nail loyalty card and found my appointment at the end of the month (3 days before payday) will be free!!!
    I have made my PAD for today of £20.72 (the money I had put aside for my nails at the end of the month and the odd amount left after my phone bill DD came out). Total now £104.51 or 63%.
    So I have £60 to find in 18 days.
    • lucy-lou
    • By lucy-lou 10th Mar 17, 12:21 AM
    • 54 Posts
    • 85 Thanks
    lucy-lou
    So 3 days has gone by without me posting....Doesn't time fly?!
    I have been continuing with my PAD's and am now sat at £110.
    I was day off today and tidying up when I found a bag containing a new jumper plus the receipt. I brought it last month on the credit card whilst having a down day to cheer myself up (not that I needed a jumper!). Well as summer is just around the corner and my wardrobe is bursting at the seams, I definitely do not need a new jumper. So today I took that jumper back to the shop for a refund and despite then browsing the store for an hour brought nothing! So that's brought the balance I need to find to be able to clear my debt payday down to £140!
    Therefore I am now 78% there!!! It is in touching distance and yet still feels far away.......
    Barclaycard 1 = £976.90 / £0 remaining
    Barclaycard 2 = £1865.10 / £0 remaining
    Nationwide = £1156.45 / £0 remaining
    Total = £3998.45 / £0 remaining

    DEBT FREE DATE 24/03/2017
    • lucy-lou
    • By lucy-lou 17th Mar 17, 10:18 PM
    • 54 Posts
    • 85 Thanks
    lucy-lou
    Hi all,
    Long time no speak - so today marks 1 week to debt free
    My savings account is now at £119.72 so only a small amount of progress made this week.
    However whilst I have been on holiday from work I got a deal from a betting company which involved a free bet on every race during Cheltenham festive and I have won £77.25 which means I have hit my target and will be debt free next week (slightly unconventional way to get there - I know)
    Hope all your journeys are going well / to plan, now to catch up on your diaries.
    Barclaycard 1 = £976.90 / £0 remaining
    Barclaycard 2 = £1865.10 / £0 remaining
    Nationwide = £1156.45 / £0 remaining
    Total = £3998.45 / £0 remaining

    DEBT FREE DATE 24/03/2017
    • dottydebts
    • By dottydebts 18th Mar 17, 8:17 AM
    • 70 Posts
    • 188 Thanks
    dottydebts
    You are so close!! And well done on the wins - every little helps
    18.02.17 - £4,040.19 18.03.17 - £3686.19
    18.04.17 - TBA

    • lucy-lou
    • By lucy-lou 20th Mar 17, 8:44 PM
    • 54 Posts
    • 85 Thanks
    lucy-lou
    Thanks Dotty Debts.

    Yesterday I managed to get 11 items listed on Ebay. It is the first time I have used it so will see how it goes but 2 items already have bids so not a bad start and quite a few have watchers although not sure what this means as I am a total ebay virgin

    Today I received my money from betting on the horses in Cheltenham and moved it straight into savings to go to the credit card Friday, not to shabby from free bets!!

    I have also moved across £35 to the savings account as I have budgeted well this month so will have spare spends money so thought I should move it before I spent it!

    I am very pleased with myself this month I have managed 11 bring your lunch to work days out of 11 days worked and I have been to the supermarket this evening to stock up for this week so should end on 15 out of 15

    All in all a good few days and only 3 days till payday and debt free, I am so excited

    Hope everyone has had a good start to the week!!!
    Barclaycard 1 = £976.90 / £0 remaining
    Barclaycard 2 = £1865.10 / £0 remaining
    Nationwide = £1156.45 / £0 remaining
    Total = £3998.45 / £0 remaining

    DEBT FREE DATE 24/03/2017
    • lucy-lou
    • By lucy-lou 20th Mar 17, 10:25 PM
    • 54 Posts
    • 85 Thanks
    lucy-lou
    I have become addicted to checking ebay now as well as my bank and credit cards!!!!
    Barclaycard 1 = £976.90 / £0 remaining
    Barclaycard 2 = £1865.10 / £0 remaining
    Nationwide = £1156.45 / £0 remaining
    Total = £3998.45 / £0 remaining

    DEBT FREE DATE 24/03/2017
    • zippygeorgeandben
    • By zippygeorgeandben 20th Mar 17, 11:21 PM
    • 665 Posts
    • 766 Thanks
    zippygeorgeandben
    I have become addicted to checking ebay now as well as my bank and credit cards!!!!
    Originally posted by lucy-lou
    I'm addicted to checking these forums everyday!
    End Sep 2016 End August 2017
    £8236.57 £4876.49
    (Tesco 4.8%) £222.61pcm
    £6185.75 £851.34 (Zopa 4.0%) £48.99pcm

    £5344.50
    £2890.04 (Sainsburys 0% until 06/19) £140pcm
    £2000.00 £1333.35 (Sister 0%) £133.33pcm

    Total debt
    £19.766.82 £11499.70 Original DFD May 2019.
    • lucy-lou
    • By lucy-lou 21st Mar 17, 12:23 PM
    • 54 Posts
    • 85 Thanks
    lucy-lou
    I'm addicted to checking these forums everyday!
    Originally posted by zippygeorgeandben
    I am probably slightly addicted to that as well, although ebay and bank then forum
    Barclaycard 1 = £976.90 / £0 remaining
    Barclaycard 2 = £1865.10 / £0 remaining
    Nationwide = £1156.45 / £0 remaining
    Total = £3998.45 / £0 remaining

    DEBT FREE DATE 24/03/2017
    • lucy-lou
    • By lucy-lou 24th Mar 17, 6:09 AM
    • 54 Posts
    • 85 Thanks
    lucy-lou
    Today is debt free day........

    Will be back later to update and confirm all my calculations where correct!!
    Barclaycard 1 = £976.90 / £0 remaining
    Barclaycard 2 = £1865.10 / £0 remaining
    Nationwide = £1156.45 / £0 remaining
    Total = £3998.45 / £0 remaining

    DEBT FREE DATE 24/03/2017
    • monz
    • By monz 24th Mar 17, 11:36 AM
    • 2,727 Posts
    • 7,671 Thanks
    monz
    amazing
    Debt (1/9/14) £6,702.11 Debt free (30/11/2016)
    house deposit £5,781.18/10,000
    mums xmas vouchers boots (surveys ) 50/50
    sisters xmas vouchers topshop (surveys ) 0/30
    Dads xmas voucher amazon (surveys) 0/25
    Australia 2019 - /5000
    • lucy-lou
    • By lucy-lou 24th Mar 17, 6:56 PM
    • 54 Posts
    • 85 Thanks
    lucy-lou
    I have done it debt free 2 days before my 29th birthday!!!! Thanks for all your help and support along the way it has made the process so much easier.

    I will continue with my diary and make it a saving/emergency savings diary as I am well aware I need to get organised to meet my next target of owning a property at 30!!!
    Barclaycard 1 = £976.90 / £0 remaining
    Barclaycard 2 = £1865.10 / £0 remaining
    Nationwide = £1156.45 / £0 remaining
    Total = £3998.45 / £0 remaining

    DEBT FREE DATE 24/03/2017
    • dottydebts
    • By dottydebts 25th Mar 17, 7:47 PM
    • 70 Posts
    • 188 Thanks
    dottydebts
    Woooo! Well done!!
    18.02.17 - £4,040.19 18.03.17 - £3686.19
    18.04.17 - TBA

    • Jacko_amz
    • By Jacko_amz 25th Mar 17, 7:50 PM
    • 250 Posts
    • 301 Thanks
    Jacko_amz
    Well done!!! you have the same goals as me, I am 28 this year and hope to be debt free by 29! and then on to saving for a house.

    Great motivation too see you've done it )
    Learning to be alone and that its ok!


    Tesco Loan - 10600
    • lucy-lou
    • By lucy-lou 26th Mar 17, 11:40 PM
    • 54 Posts
    • 85 Thanks
    lucy-lou
    So it has been an interesting weekend.

    On the plus side today was my birthday- yay but wasn't quite debt free as planned. Saturday my car had to go to the garage as the warning light came on and it made a random noise from the back! It needed 2 new parts and set me back £204. As I had pushed so hard to reach my target debt free date I am a little disappointed it only lasted 24 hours (I could only put this bill on credit card as it would have eaten up all my spare money for the month). But I know £204 is well within my means of what I can afford next month so it isn't the end of the world. My emergency money can't be saved soon enough!!!

    Hope you all had a great mothers day!
    Barclaycard 1 = £976.90 / £0 remaining
    Barclaycard 2 = £1865.10 / £0 remaining
    Nationwide = £1156.45 / £0 remaining
    Total = £3998.45 / £0 remaining

    DEBT FREE DATE 24/03/2017
    • lucy-lou
    • By lucy-lou 26th Mar 17, 11:43 PM
    • 54 Posts
    • 85 Thanks
    lucy-lou
    Well done!!! you have the same goals as me, I am 28 this year and hope to be debt free by 29! and then on to saving for a house.

    Great motivation too see you've done it )
    Originally posted by Jacko_amz
    You can totally smash it and it is a great feeling when the debts are cleared. Don't underestimate the importance of any emergency fund to remove your reliance on debt.
    Barclaycard 1 = £976.90 / £0 remaining
    Barclaycard 2 = £1865.10 / £0 remaining
    Nationwide = £1156.45 / £0 remaining
    Total = £3998.45 / £0 remaining

    DEBT FREE DATE 24/03/2017
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