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    • debtfreeme2015
    • By debtfreeme2015 7th Jan 17, 9:46 PM
    • 233Posts
    • 204Thanks
    debtfreeme2015
    Finally getting sorted
    • #1
    • 7th Jan 17, 9:46 PM
    Finally getting sorted 7th Jan 17 at 9:46 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 7
    • debtfreeme2015
    • By debtfreeme2015 14th Apr 17, 10:04 PM
    • 233 Posts
    • 204 Thanks
    debtfreeme2015
    No spend day today. Had £5 left in the direct debit account left over so sent over to the credit card. New total is £2,695 still away to go but got to keep plodding on
    January 17 Credit card-£3,300- now £2,550 17% Apr
    January 17 Loan-£9,260- now £8,450 5.4% Apr
    • Shey
    • By Shey 14th Apr 17, 10:11 PM
    • 4 Posts
    • 5 Thanks
    Shey
    Good luck! Just stay focused you can do this
    • debtfreeme2015
    • By debtfreeme2015 18th Apr 17, 10:00 PM
    • 233 Posts
    • 204 Thanks
    debtfreeme2015
    I'm sorry. I've failed. I've used the credit card and added £400 to the debt. my mum has paid for new carpet paint etc for my bedroom. All my furniture including my bed have broken so I've been on the ikea website and ordered a bed, 2 chests of draws, a book case and draw unit and a storage cube. Including delivery it was a massive £400 I new I would have to spend the money but wasn't expecting it to be for a few more paydays so the plan was to save for it.
    I will fix this. I've but the credit card straight back away and the plan is still pay it as soon as possible. The money I was going to save will just go straight to the credit card.

    Got rid of 3 bags of rubbish and some off my old furniture that was beyond repair also four black bags for the charity shop that they are collecting tomorrow.

    Pay day on Friday so hopefully know where I stand with money for this four weeks
    January 17 Credit card-£3,300- now £2,550 17% Apr
    January 17 Loan-£9,260- now £8,450 5.4% Apr
    • debtfreeme2015
    • By debtfreeme2015 19th Apr 17, 12:38 PM
    • 233 Posts
    • 204 Thanks
    debtfreeme2015
    Felt bad about putting the furniture on the never never card so took the money from the emergency fund and paid it straight off. Fingers crossed there's now no emergency. Will update totals once the banking app has caught up.
    January 17 Credit card-£3,300- now £2,550 17% Apr
    January 17 Loan-£9,260- now £8,450 5.4% Apr
    • parsniphead
    • By parsniphead 19th Apr 17, 1:37 PM
    • 1,743 Posts
    • 11,542 Thanks
    parsniphead
    I guess it's all about finding a balance when dealing with debt. If you are too hard on yourself everything may eventually fall apart, as I have found out.

    You need to look after you as well as the debt, and we all need a bed.
    Gazelle Intense
    Pay off debt by Christmas 2017 #22 - £862.22/£7148.39 112.06%
    • debtfreeme2015
    • By debtfreeme2015 20th Apr 17, 10:07 PM
    • 233 Posts
    • 204 Thanks
    debtfreeme2015
    Payday tomorrow. Slipped a bit with the spending because of buying the new furniture sooner than I expected to so need to pay some back to the emergency fund. If I've worked everything out properly I should be able to pay £300 off the credit card this month and save a little to the emergency fund and pat all my other bills.
    Seem to be getting quite a good pay this time round. Just need to keep up working this amount of hours. Am hoping because of getting paid four weekly I should get the never never card paid this year then next year can throw everything at the loan. Fingers crossed the money goes in the bank tomorrow as two paydays ago they didn't pay us
    January 17 Credit card-£3,300- now £2,550 17% Apr
    January 17 Loan-£9,260- now £8,450 5.4% Apr
    • debtfreeme2015
    • By debtfreeme2015 21st Apr 17, 5:46 AM
    • 233 Posts
    • 204 Thanks
    debtfreeme2015
    It's payday . Sorted all my money into pots in my online accounts. Just got to wait now for the 4/5th may for the credit card bill to come in is I can get that paid off. Also loan payments come out on the 1st. I'm not making huge overpayments to this one at the min but do like to pay a little off to make it a round number.

    Can't believe I'm actually waiting for a bill to come in lol as I want to pay it.
    January 17 Credit card-£3,300- now £2,550 17% Apr
    January 17 Loan-£9,260- now £8,450 5.4% Apr
    • debtfreeme2015
    • By debtfreeme2015 21st Apr 17, 9:46 PM
    • 233 Posts
    • 204 Thanks
    debtfreeme2015
    It's official. I'm obsessed been onto online banking in between every patient visit today to try and work out what to do for the best.
    After covering all my direct debits I have:-

    Put £300 into the emergency fund to make up some of the money I spent on furniture.

    Paid £120 off the credit card bringing the total to £2550 owed. Still have £100 to pay when the bill comes in on about the 4/5th may.

    Paid £10 off the loan as I felt bad I've not made any extra payments there this month so new total £8450.

    Paid £100 off the laptop as an overpayment and still have money in the direct debit account for the monthly payment. Should hopefully have it paid off in 3. Months.

    It's taken me all day to decide what to do so I'm hoping I've made the right decisions. Only 27 days till payday lol
    January 17 Credit card-£3,300- now £2,550 17% Apr
    January 17 Loan-£9,260- now £8,450 5.4% Apr
    • debtfreeme2015
    • By debtfreeme2015 22nd Apr 17, 9:44 PM
    • 233 Posts
    • 204 Thanks
    debtfreeme2015
    I realise I'm probably talking to myself but at least posting here keeps me accountable. Been at work today then a crafty sleep on the sofa so a no spend day here. Working until next Friday now so other than petrol can't see that I will need anything else. Desperately waiting for the new month to start so that direct debits are taken and the credit card bill turns up.

    Would be nice to get the credit card to £2,400 this month but can't see it happening.

    Also realised I don't feel comfortable without the £1000 in the emergency fund so need to try and build it up again. Hopefully end up working the two bank holidays in may so that should help.

    Day off Friday but got to wait for my stuff from ikea to be delivered so no crafty shopping trip. Plan is to attack my coursework
    January 17 Credit card-£3,300- now £2,550 17% Apr
    January 17 Loan-£9,260- now £8,450 5.4% Apr
    • parsniphead
    • By parsniphead 22nd Apr 17, 10:02 PM
    • 1,743 Posts
    • 11,542 Thanks
    parsniphead
    Youre not talking to yourself because I'm very nosey but i agree with the diary/accountability thing. Mine is keeping me more focussed than usual.

    Good luck getting your emergency fund back to£1000.
    Gazelle Intense
    Pay off debt by Christmas 2017 #22 - £862.22/£7148.39 112.06%
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