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    • debtfreeme2015
    • By debtfreeme2015 7th Jan 17, 8:46 PM
    • 214Posts
    • 189Thanks
    debtfreeme2015
    Finally getting sorted
    • #1
    • 7th Jan 17, 8:46 PM
    Finally getting sorted 7th Jan 17 at 8:46 PM
    I've been here before and always managed to run up huge debts again. If I'm honest I don't really know where the money has gone and have nothing to show for it. I could use my health and diagnosis as an excuse but at the end of the day I'm 30. I've done this no one else and I need to sort it.
    I have three debts. A credit card a bank loan and car finance. For now I am ignoring the car finance. I need the car to be able to do my job and because of previous health issues would be unable to manage without it.
    I have hidden the credit card ( so well I can't find it) and the aim is not to put anything else on it. The plan is to get rid of it completely but at the moment I have very few savings so need it for an emergency.
    The loan has 38 months left to pay. I have been overpaying it but only by small amounts.
    Ideally i would like to pay of the credit card whilst still slowly overpaying the loan.
    I work full time although am off at the moment as lost my footing on the ice at the beginning of the week and hurt my back ( I'm a community carer) I'm not due back at work until Thursday. I will probably ring them Monday though and say I'm ready to go bac.
    I looked at getting a 0% credit card but was not accepted so really need to get this paid off.

    This is probably really boring so I'm sorry but I'm hoping by keeping track of things here I can see progress being made. My main aim for 2017 is clear the credit card and not run up any more debts.
Page 5
    • debtfreeme2015
    • By debtfreeme2015 9th Mar 17, 5:27 PM
    • 214 Posts
    • 189 Thanks
    debtfreeme2015
    I think it was the right thing.....£180 wow!!

    Well done you are doing well.
    Originally posted by Kittencat
    Thank you. Paid £50 off the loan and the rest of the credit card. Bought myself a new sealed tin so ready to start again
    January 17 Credit card-£3300- now £2905 17% Apr
    January 17 Loan-£9,260- now £8698 5.4% Apr
    • JoJoC
    • By JoJoC 9th Mar 17, 5:30 PM
    • 755 Posts
    • 2,113 Thanks
    JoJoC
    Wow, £180 extra will make a massive difference to your debt! What a nice surprise considering you thought there was only £50 in there.

    Keep your chin up, you're doing a great job.
    Mummy of two boys - Working hard to make better financial choices!
    *My debt busting and savings diary*
    • debtfreeme2015
    • By debtfreeme2015 9th Mar 17, 8:38 PM
    • 214 Posts
    • 189 Thanks
    debtfreeme2015
    Wow, £180 extra will make a massive difference to your debt! What a nice surprise considering you thought there was only £50 in there.

    Keep your chin up, you're doing a great job.
    Originally posted by JoJoC
    Thank you.

    Popped into £land whilst I was out and bought another tin and have started to fill it up. Would be nice to open it in a few months and find £200 to clear off the card and loan.

    I'm surprised by how much was in the tin. Previously this is money that would have been "wasted" on stuff that I don't need. Really determined to clear this debt but to be honest even just without the credit card I would find things so much easier to manage
    January 17 Credit card-£3300- now £2905 17% Apr
    January 17 Loan-£9,260- now £8698 5.4% Apr
    • debtfreeme2015
    • By debtfreeme2015 10th Mar 17, 5:14 AM
    • 214 Posts
    • 189 Thanks
    debtfreeme2015
    Getting ready for work. Had a spendy day yesterday as got petrol but was only £18 instead of the usual £30. Shouldn't need anything else the next few days.
    Officially I can withdraw my £50 spends money today but still have £10 in my purse and although I do need to go to Tesco it's not urgent so will leave it in the bank a bit longer.

    Picked up some extra hours next week but then one of my patients passed away yesterday so now my hours have dropped although the boss said we will still be paid. We don't usually though so am not banking on it.

    Anyway aim is to keep the £10 in my purse as long as possible
    January 17 Credit card-£3300- now £2905 17% Apr
    January 17 Loan-£9,260- now £8698 5.4% Apr
    • debtfreeme2015
    • By debtfreeme2015 10th Mar 17, 8:30 AM
    • 214 Posts
    • 189 Thanks
    debtfreeme2015
    Sorry to keep posting. Hopefully on payday I will be able to make my emergency fund up to £1000. The end plan is to save as much as possible but need to get this debt paid. Credit card then loan then car overpayments.
    I have a few things I currently pay monthly
    Car insurance
    Prescription certificate and will also have an mot and car tax. I predict I need £550 to pay these in full so going to try and save it up so I can pay them in full when there due.
    I need this by october so will probably pay as much of the credit card as possible until June then start saving again.
    January 17 Credit card-£3300- now £2905 17% Apr
    January 17 Loan-£9,260- now £8698 5.4% Apr
    • monz
    • By monz 10th Mar 17, 9:45 AM
    • 2,313 Posts
    • 5,059 Thanks
    monz
    Always keep posting I find it keeps my head and straight and narrow before xx
    Debt (1/9/14) £6,702.11 Debt free (30/11/2016)
    Florida: 15th July 2017 save for spending £665 $30 (RBS Rewards £12.40)
    house deposit £5,300.09/10,000
    Xmas 2017 - 133/365 No.35
    • debtfreeme2015
    • By debtfreeme2015 13th Mar 17, 4:29 AM
    • 214 Posts
    • 189 Thanks
    debtfreeme2015
    Can't stop worrying about money. Keep checking online banking 3-4 times a day even though I can't do anything else now until payday.

    I have nothing to show for all this money I've spent other than my car. It's just been wasted on rubbish.
    Feel so stupid for getting in this mess.
    Roll on payday only 11 days to go.
    January 17 Credit card-£3300- now £2905 17% Apr
    January 17 Loan-£9,260- now £8698 5.4% Apr
    • debtfreeme2015
    • By debtfreeme2015 14th Mar 17, 2:09 PM
    • 214 Posts
    • 189 Thanks
    debtfreeme2015
    Just when I thought I was getting somewhere. Work are paying for me to do a course over the next 18 months ( I won't get a pay rise for doing it as they are paying the college fees but I can use it if I change jobs in the future) only problem is I need to get a laptop to do all the work on. I know nothing about technology but can guarantee it won't be cheap. The only option I have is to put it on the credit card but I really want to avoid doing that.. just don't know what to do
    January 17 Credit card-£3300- now £2905 17% Apr
    January 17 Loan-£9,260- now £8698 5.4% Apr
    • debtfreeme2015
    • By debtfreeme2015 14th Mar 17, 9:20 PM
    • 214 Posts
    • 189 Thanks
    debtfreeme2015
    Went to Tesco this evening and picked up my prescription and spent nothing despite looking at expensive shampoos and cheesecake. Tried to get my weekly spends money out of the cash machine but it had no £10 notes so just got £40 out and paid £10 off the credit card. The £10 left from last week has been put in the sealed tin.

    Payday next Friday but hopefully the payslip should be emailed to me Wednesday so I can work out my money
    January 17 Credit card-£3300- now £2905 17% Apr
    January 17 Loan-£9,260- now £8698 5.4% Apr
    • debtfreeme2015
    • By debtfreeme2015 15th Mar 17, 2:04 PM
    • 214 Posts
    • 189 Thanks
    debtfreeme2015
    Ok 9 days till payday but am looking forward to next Wednesday. We will get our payslips emailed next Wednesday and I will be able to organise my budget for the next four weeks. I have a rough plan but until I know my exact wages I can't work out my overpayments.

    Got a letter from the bank this morning and the £50 overpayment I made from my sealed tin has saved me £8.31 in interest. Not life changing but better in my pocket
    January 17 Credit card-£3300- now £2905 17% Apr
    January 17 Loan-£9,260- now £8698 5.4% Apr
    • csarina2
    • By csarina2 15th Mar 17, 4:45 PM
    • 1,411 Posts
    • 12,284 Thanks
    csarina2
    Do not be tempted to take a repayment holiday, they will add extra interest which will double your interest added to the account.

    As the interest rate on your credit card is so high, concentrate on paying this off........then tackle the loan.
    • joz123
    • By joz123 15th Mar 17, 9:25 PM
    • 1 Posts
    • 0 Thanks
    joz123
    consolidate debt
    Have you thought about consolidating your debt? Put both your existing loan and credit card onto one new lower interest rate loan. Speak to your bank as some loans for £7000+ are as little as 3.5%. You could then make one monthly repayment and know exactly how long it will take to repay. The downside is you wouldn't have a credit card for emergencies. Well done so far though, you're doing well. Wish you luck.
    • Ms.Dita
    • By Ms.Dita 15th Mar 17, 10:14 PM
    • 17 Posts
    • 106 Thanks
    Ms.Dita
    Can't stop worrying about money. Keep checking online banking 3-4 times a day even though I can't do anything else now until payday.
    Originally posted by debtfreeme2015
    You're not alone! Glad I'm not the only one, when I'm focused on it I check my tracker continuously through the evening and check on most of my balances through the day, silly really but when you're waiting for things its tough. Just have to remind myself 'ok so x has just come in/gone out, now its y days until the next change so...chill' (sometimes helps but I usually still keep checking anyway... )

    Keep up the good focus
    • Money Rollercoaster
    • By Money Rollercoaster 16th Mar 17, 10:13 AM
    • 199 Posts
    • 439 Thanks
    Money Rollercoaster
    Hi!


    If your work are willing to pay for your course, can they provide a laptop / PC for you to use? Most businesses have spare computer equipment, even small ones and it could be you just need to ask the question. If it were me (the new me, not the OLD wasteful me) I would see what they say before you think about spending your money.


    Oh, and you're definitely not alone in constantly checking where you are money-wise. My countdown to next payday starts the second I get paid! I do like knowing where I am in my current account (to the penny), but it can be a distraction sometimes!
    Living Life @ 174 BPM >> CC Balance (0%) -£2,250 - Target DFD Dec 2017 >> Loan (Car) (3.1%) -£20,724.84 - Target DFD Oct 2020
    • debtfreeme2015
    • By debtfreeme2015 16th Mar 17, 10:39 AM
    • 214 Posts
    • 189 Thanks
    debtfreeme2015
    Hi!


    If your work are willing to pay for your course, can they provide a laptop / PC for you to use? Most businesses have spare computer equipment, even small ones and it could be you just need to ask the question. If it were me (the new me, not the OLD wasteful me) I would see what they say before you think about spending your money.


    Oh, and you're definitely not alone in constantly checking where you are money-wise. My countdown to next payday starts the second I get paid! I do like knowing where I am in my current account (to the penny), but it can be a distraction sometimes!
    Originally posted by Money Rollercoaster

    I'm forever counting down until payday. Some of the girls never notice if they have been paid or not. I have been known to set an alarm for 1am on payday to check it's gone in and spend time shuffling it all around
    January 17 Credit card-£3300- now £2905 17% Apr
    January 17 Loan-£9,260- now £8698 5.4% Apr
    • debtfreeme2015
    • By debtfreeme2015 17th Mar 17, 9:53 AM
    • 214 Posts
    • 189 Thanks
    debtfreeme2015
    7 days until pay day. £40 in my purse left for this weeks fuel but I'm hoping to make it last until Sunday. Still got my fun money for next week as well. Touch wood as long as nothing changes it will be another month with nothing added to the debt
    January 17 Credit card-£3300- now £2905 17% Apr
    January 17 Loan-£9,260- now £8698 5.4% Apr
    • Money Rollercoaster
    • By Money Rollercoaster 17th Mar 17, 12:39 PM
    • 199 Posts
    • 439 Thanks
    Money Rollercoaster
    I looked in my wallet and only had nectar vouchers and a trolley pound! I burnt the voucher offering 1200 points for a £60 spend (expired) ... that was never going to get used!


    Here's to being brassic! (taps special brew can against side of wheelie bin, waking the dog on string sleeping next to me ... hic!)
    Living Life @ 174 BPM >> CC Balance (0%) -£2,250 - Target DFD Dec 2017 >> Loan (Car) (3.1%) -£20,724.84 - Target DFD Oct 2020
    • debtfreeme2015
    • By debtfreeme2015 17th Mar 17, 4:49 PM
    • 214 Posts
    • 189 Thanks
    debtfreeme2015
    I lied. I've been out spending. £22 on fuel but should last me until next weeks pay day. Went to Tesco and spent £10. I need to beat this eating disorder and the only way is 3 meals and snacks so went and got porridge, skimmed milk, fruit and snacks.
    I'm not good at portion control so have got every thing pre portioned. I did look at lots of other things but left them all on the shelf so small win
    January 17 Credit card-£3300- now £2905 17% Apr
    January 17 Loan-£9,260- now £8698 5.4% Apr
    • debtfreeme2015
    • By debtfreeme2015 22nd Mar 17, 1:33 PM
    • 214 Posts
    • 189 Thanks
    debtfreeme2015
    Not posted in a while as much to updat until payday.
    Just had my annual loan statement through.this time last year the loan was £11,200 and its now £8698 so it's slowly going down. Payday Friday
    January 17 Credit card-£3300- now £2905 17% Apr
    January 17 Loan-£9,260- now £8698 5.4% Apr
    • monz
    • By monz 23rd Mar 17, 8:42 AM
    • 2,313 Posts
    • 5,059 Thanks
    monz
    Wow thats amazing well done xx
    Debt (1/9/14) £6,702.11 Debt free (30/11/2016)
    Florida: 15th July 2017 save for spending £665 $30 (RBS Rewards £12.40)
    house deposit £5,300.09/10,000
    Xmas 2017 - 133/365 No.35
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