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  • FIRST POST
    • Cumbria lass
    • By Cumbria lass 1st Jan 17, 3:04 PM
    • 789Posts
    • 3,782Thanks
    Cumbria lass
    New Journey
    • #1
    • 1st Jan 17, 3:04 PM
    New Journey 1st Jan 17 at 3:04 PM
    I have been hanging around the diaries for around a month , decided to subscribe a get rid of the debt once and for all. I had a dmp which ended 3 years ago but owing to a drop in salary have managed to get myself in around 5 k debt again. Once I have Jan statements for credit card will be able to tell true figures.

    I have signed up for swag bucks today and done a couple of surveys. Need to do SOA , but not sure how much to put in categories like household repairs for one .

    Any help filling it in gratefully received.
Page 1
    • Cumbria lass
    • By Cumbria lass 1st Jan 17, 3:43 PM
    • 789 Posts
    • 3,782 Thanks
    Cumbria lass
    • #2
    • 1st Jan 17, 3:43 PM
    • #2
    • 1st Jan 17, 3:43 PM
    Where is the SOA please ?
    • enthusiasticsaver
    • By enthusiasticsaver 1st Jan 17, 3:49 PM
    • 4,674 Posts
    • 8,840 Thanks
    enthusiasticsaver
    • #3
    • 1st Jan 17, 3:49 PM
    • #3
    • 1st Jan 17, 3:49 PM
    http://www.stoozing.com/calculator/soa.php
    4 weeks to go until early retirement in December . Debt free and mortgage free.

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • enthusiasticsaver
    • By enthusiasticsaver 1st Jan 17, 3:50 PM
    • 4,674 Posts
    • 8,840 Thanks
    enthusiasticsaver
    • #4
    • 1st Jan 17, 3:50 PM
    • #4
    • 1st Jan 17, 3:50 PM
    Good luck on your journey. I would ditch the credit cards so you are not tempted to use them and get stuck in this never ending cycle of debt.
    4 weeks to go until early retirement in December . Debt free and mortgage free.

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • Bobarella
    • By Bobarella 1st Jan 17, 4:21 PM
    • 10,454 Posts
    • 69,667 Thanks
    Bobarella
    • #5
    • 1st Jan 17, 4:21 PM
    • #5
    • 1st Jan 17, 4:21 PM
    Good luck with your goals Cumbrialass.
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
    • Cumbria lass
    • By Cumbria lass 1st Jan 17, 5:57 PM
    • 789 Posts
    • 3,782 Thanks
    Cumbria lass
    • #6
    • 1st Jan 17, 5:57 PM
    • #6
    • 1st Jan 17, 5:57 PM
    Do you think it's better to clear all credit card debt and save an emergency fund at the same time or clear the debts first ?

    Thanks bobarella and enthusiastic saver .
    • Bobarella
    • By Bobarella 1st Jan 17, 6:07 PM
    • 10,454 Posts
    • 69,667 Thanks
    Bobarella
    • #7
    • 1st Jan 17, 6:07 PM
    • #7
    • 1st Jan 17, 6:07 PM
    I'd say get all the CC on 0% first then save an emergency fund whilst doing card mins at first.
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
    • lucielle
    • By lucielle 1st Jan 17, 7:30 PM
    • 7,940 Posts
    • 33,996 Thanks
    lucielle
    • #8
    • 1st Jan 17, 7:30 PM
    • #8
    • 1st Jan 17, 7:30 PM
    Hi Cumbria Lass, if you can't get the debt to 0% card go for a fixed interest rate.t Good luck with your debt busting. Have subscribed.
    L
    Total Debt Dec 07 £59875.83 Overdrafts £2900, Dec 08 £39782.36 Overdrafts £3100, Dec 09 £29304.84 Overdrafts £2820, Dec 10 £16449 Overdrafts £2490
    Dec 11 £12673.80 Overdrafts £1250, Dec 12 £4591 Overdrafts £400 02/02/13 new debt figure £5831.00 New Debt Figure ZERO !!!!!! 08/06/2013

    DFD Before we Die!!!! Long Haul Supporter #124
    • Cumbria lass
    • By Cumbria lass 1st Jan 17, 8:45 PM
    • 789 Posts
    • 3,782 Thanks
    Cumbria lass
    • #9
    • 1st Jan 17, 8:45 PM
    • #9
    • 1st Jan 17, 8:45 PM
    My biggest balance is on 0% for another 36 months, going to get another for the last amount but still awaiting Jan statement.

    My downfall is I never have any savings so holidays, new white goods all end up on credit card, thats why I want a emergency fund.

    Lucielle thanks for your input.

    Listed 2 items on eBay .
    • Cumbria lass
    • By Cumbria lass 1st Jan 17, 10:00 PM
    • 789 Posts
    • 3,782 Thanks
    Cumbria lass
    Have done the SOA and I have saved it. Resurrected 3 savings accounts to transfer money to relevant accounts for

    .1.shopping/petrol
    2. Entertainment
    3. Emergency fund.

    Main current account has all direct debits on.

    Decided to pay credit card bills with whatever is left after these transfers.
    I only have one credit card that I use , the O% one got cut up when it arrived. The other card will get cut up as soon as I get another 0% one.

    Determined to get the debt cleared. Have lots of no spends days. Use all food in freezer before I buy more.
    • Scott_Weiland
    • By Scott_Weiland 1st Jan 17, 11:36 PM
    • 627 Posts
    • 1,511 Thanks
    Scott_Weiland
    have a look at the boost your income section of the board may help

    good luck with the journey
    Debts 15981.64 total paid 2078
    Cashback Earnings YTD £167.10 Survey Earnings YTD £535.12
    • Cumbria lass
    • By Cumbria lass 2nd Jan 17, 7:31 PM
    • 789 Posts
    • 3,782 Thanks
    Cumbria lass
    I have started a shiny new spending diary , it makes me think more about what I have spent. Feel like I have started to think the right way.
    • Bobarella
    • By Bobarella 2nd Jan 17, 7:38 PM
    • 10,454 Posts
    • 69,667 Thanks
    Bobarella
    Good for you Cumbria lass. It is a process definitely.
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
    • fuzzyduck22
    • By fuzzyduck22 2nd Jan 17, 7:42 PM
    • 215 Posts
    • 486 Thanks
    fuzzyduck22
    Good luck
    £15900 loan (including interest) over 3.5 years to pay off...can I do it sooner???
    £940/£15900

    Weight loss 0/28 lbs
    • Cumbria lass
    • By Cumbria lass 3rd Jan 17, 6:50 AM
    • 789 Posts
    • 3,782 Thanks
    Cumbria lass
    Back in work today, lunch packed , dinner defrosting for later. Back to the gym which I use regularly, will probably be busy with all new people carrying out there New Years resolution.

    Definitely a no spend day , one of many I hope.
    • Allotrope
    • By Allotrope 3rd Jan 17, 6:59 AM
    • 155 Posts
    • 404 Thanks
    Allotrope
    I follow Dave Ramsey's rules (google 7 baby steps money makeover)

    The first 3 (and you do them consecutively)
    1. save £1000 emergency fund
    2. Pay off debt by snowballing
    3. Save 3-6 months expenses as an insurance policy.
    M
    • Cumbria lass
    • By Cumbria lass 3rd Jan 17, 7:03 AM
    • 789 Posts
    • 3,782 Thanks
    Cumbria lass
    Thanks Allotrope, will,look at this.
    • Cumbria lass
    • By Cumbria lass 3rd Jan 17, 8:45 PM
    • 789 Posts
    • 3,782 Thanks
    Cumbria lass
    No spend day , been to the gym , enough food left for tomorrow's tea. Happy Days ��
    • Cumbria lass
    • By Cumbria lass 4th Jan 17, 10:08 PM
    • 789 Posts
    • 3,782 Thanks
    Cumbria lass
    Spent the evening sorting out all my new accounts for my savings and spending. Payday not till the 18th so will have to wait to get started.

    Which survey sites are the best ?
    • Scott_Weiland
    • By Scott_Weiland 4th Jan 17, 10:37 PM
    • 627 Posts
    • 1,511 Thanks
    Scott_Weiland
    Opinion outpost.co.uk

    One poll.com

    Powerofopinions.co.uk

    ISAY.COM

    Uktoluna.com

    Globaltestmarket.com

    Too name but a few have a read of the link below

    http://www.moneysavingexpert.com/family/make-money-surveys
    Debts 15981.64 total paid 2078
    Cashback Earnings YTD £167.10 Survey Earnings YTD £535.12
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