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  • FIRST POST
    • sammiejay
    • By sammiejay 16th Nov 16, 4:32 PM
    • 31Posts
    • 34Thanks
    sammiejay
    Trying to beat the predicted DFD!
    • #1
    • 16th Nov 16, 4:32 PM
    Trying to beat the predicted DFD! 16th Nov 16 at 4:32 PM
    Hi
    My lightbulb has been flickering for nearly a year, but it is well and truly stuck on now.
    I started 2016 with just under £15000 of debt and planned to end 2016 at least out of the "teens". Instead I have steadily dug myself into a deeper hole and currently owe £17895 accross 5 cards. All but £1300 is 0% for the time being, but I just can't seem to make a dent in it.
    The final straw has come today when I was looking at mortgage deals for when mine runs out next year, and because of my stupidity I won't be able to get a decent deal.I've never missed a payment, my credit score is excellent, I just need to get rid of this debt that is holding me back and making me miserable.
    I'm hoping that by having a diary on here, I will find ideas on how to do this, and the enjoyment I hope to get from updating my signature as the debt decreases will spur me on!
Page 2
    • sammiejay
    • By sammiejay 15th Dec 16, 11:57 AM
    • 31 Posts
    • 34 Thanks
    sammiejay
    Thanks Essex,
    I knew it was a silly time to start, but I've always had an excuse to put it off. I'll wait for Christmas to be out of the way, I'll start after my sons birthday, I'll see what the lay of the land is when I get paid, it's this birthday or that night out or a day with a y in it...
    I've put it off for too long and I'm ready to deal with it now, however hard it may be, it will only get worse if I don't keep motivated
    • sammiejay
    • By sammiejay 16th Dec 16, 7:16 PM
    • 31 Posts
    • 34 Thanks
    sammiejay
    I am doing an extra payment every week, and my usual "pay day" is Saturday. I usually pay a tenner a week to CC1 - which has FINALLY gone under £1000. I've just noticed I only needed to pay a fiver to colour my next 1% square in, so have paid early. It's mighty addictive this debt busting!
    • EssexHebridean
    • By EssexHebridean 16th Dec 16, 7:22 PM
    • 8,234 Posts
    • 43,599 Thanks
    EssexHebridean
    It absolutely isn't a silly time to get cracking with it - it's just a bit tougher, is all! once the light bulb is on, putting it off is just pointless because as you say, another excuse will always come along!

    Well done on your sub £1,000 on CC1!
    MORTGAGE FREE 30/09/2016
    Sainsbugs 0% card: 22/12/16 £1229.00/£702.45 (20/11/17)
    SOA Calculator for DFW newbies: Stoozing.com SOA Calculator
    • Nymphadora
    • By Nymphadora 17th Dec 16, 4:40 PM
    • 464 Posts
    • 962 Thanks
    Nymphadora
    Hi sammiejay sounds like you are making good progress. I have a snowball calculator but haven't worked out how to update it with spends or payments, hopefully it will only be payments in 2017.
    • sammiejay
    • By sammiejay 7th Jan 17, 12:34 PM
    • 31 Posts
    • 34 Thanks
    sammiejay
    Oh dear, I've not posted for a long time... But the good news is that I still haven't spent on my credit cards! Unheard of for me at the festive time if year, so I'm happy about that!
    The debt hasn't come down very much at all, but the minimum payments are still being made and I'm doing the penny a day challenge. I'm not doing it in order though, I'm colouring in my spreadsheet whenever I add an amount into my oversize whisky bottle
    I've changed my home insurance and managed to save nearly £10 per month and I've kept upto date with my meal plans and taking packed lunches to work. Overall a good start to 2017.
    Wishing you all a very happy and debt busting new year

    Sx
    • EssexHebridean
    • By EssexHebridean 7th Jan 17, 3:33 PM
    • 8,234 Posts
    • 43,599 Thanks
    EssexHebridean
    A VERY good start to the year by the sounds of it!

    The "break even" on the debt is OK at this time of year I think - over Christmas, if you'd usually have added to it, then you can cal that a win in any case, so well done!
    MORTGAGE FREE 30/09/2016
    Sainsbugs 0% card: 22/12/16 £1229.00/£702.45 (20/11/17)
    SOA Calculator for DFW newbies: Stoozing.com SOA Calculator
    • sammiejay
    • By sammiejay 19th Apr 17, 5:21 PM
    • 31 Posts
    • 34 Thanks
    sammiejay
    So another 3 months have gone by since last I updated this thread, and shamefully not a lot has changed.
    Debt still stands a little over £17000 (17242 to be exact) so not much paid off in 2017 so far.
    Have managed to get the whole amount onto 0% now though, so one or two transfer fees added to the total and also managed to pay my whole years car insurance without resorting to the cards, though this did mean minimum payments only for a few months.
    Still, the debt is less than it was, and I haven't spent on the cards since November 2016-a huge win for me!
    I'm looking forward to welcoming the 16000s very soon and will be popping into your diaries to keep me focused.

    Sx
    • sammiejay
    • By sammiejay 22nd Apr 17, 11:16 AM
    • 31 Posts
    • 34 Thanks
    sammiejay
    Just when I thought I might be actually getting somewhere I received a letter about an overdraft I thought I had dealt with months ago. Debt now back up to £17849.94
    Debt free date set back to August 2022 and I'm right back where I started.
    • sammiejay
    • By sammiejay 25th Apr 17, 6:54 PM
    • 31 Posts
    • 34 Thanks
    sammiejay
    It's pay day eve! I am so excited to make some payments tomorrow and finally start to see the numbers fall. Even if it won't be by huge amounts, I'm just trying to stay positive and remember slow and steady will do it...
    • ada-or-ardor
    • By ada-or-ardor 25th Apr 17, 8:32 PM
    • 125 Posts
    • 528 Thanks
    ada-or-ardor
    Stay positive and don't lose sight of why you started in the first place! There will always be obstacles and oversights but you will get there by keeping your chin up :-)
    • sammiejay
    • By sammiejay 25th Apr 17, 8:57 PM
    • 31 Posts
    • 34 Thanks
    sammiejay
    Thanks for popping by Ada, it's always nice to have visitors �� As tomorrow is pay day I'm going to start completely new and rework my budget with whatever the balance is when I wake up.
    It will be a very tight month as I have several family birthdays to deal with including my DS, last time my light bulb flickered it was right before Christmas, and now at the most expensive time of the rest of the year... It seems I have no intention of making it easy for myself!
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