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  • FIRST POST
    • Whoknowskt89
    • By Whoknowskt89 16th Feb 17, 8:28 PM
    • 147Posts
    • 393Thanks
    Whoknowskt89
    Small loan but want it gone!
    • #1
    • 16th Feb 17, 8:28 PM
    Small loan but want it gone! 16th Feb 17 at 8:28 PM
    Hi all!

    I thought I'd join to see if I can make sure I keep up with my target to get my loan cleared within a year.

    I started the loan last may, opening balance of 3205!
    Was meant to be 36 months but I'm down to 18 months and 1760 left already!

    I use to spend around £1.80 a day on cold drinks at work and more if I forgot my lunch which was a regular habit.
    I've now started buying crates of cola and just take them into work with me now.
    I know I could save more by buying cheaper drinks/drinking water or buying 2litre bottles but the work fridge is pretty small and I'm not in enough debt to make me change my life style completely.

    There's a possibility of a temp promotion at work and if I get one, the extra money will be used to go straight to the loan apart from 1 planned treat of a tattoo.
    If this happens, even with the tattoo the loan would be cleared in around 6 to 7 months!

    Wish me luck!

    Edit: 22/02/17

    Goals for next few years....
    Pay off loan by 2017 - 15661455/3205
    Up emergency fund 668/2000
    Don't touch premium bonds (500)
    Save for selling / moving fees 0/7500
    Save for diy/furniture etc in next house 0/8000
    Try to overpay the mortgage a little bit 0/2000
    Last edited by Whoknowskt89; 24-02-2017 at 10:32 AM.
    Mortgage £68,137
    Pay off loan by xmas 2017 - GONE started May 2016 finished March 2017 £3205
    Credit card 0% £1424!!!
    Emergency fund £668/£1000
    Selling/next home fund £0/£16,000
Page 3
    • Whoknowskt89
    • By Whoknowskt89 24th Feb 17, 10:31 AM
    • 147 Posts
    • 393 Thanks
    Whoknowskt89
    I get paid on Tuesday and I'm going to try to stick to the below spends for March

    £150 extra to loan
    £110 food/cat stuff
    £80 nights out
    £25 DIY stuff needed

    I've got a few days off next month as my cats are being neutered so I'm going to hopefully have some time free to do some more decorating in my flat.
    I've got some broken tiling in my flat due to a leak but I fixed it myself (yay for no plumber charges) but still haven't fixed the tiling and I'm out of grout and adhesive and I do need to do a lot of sanding and painting.
    Car is also booked in for the MOT (money already in my ' yearly bills' account) so just hoping it passes or is cheap to fix.

    That budget still leaves me with £100 + unaccounted for but any extra can go to the loan. This isn't accounting for petrol but I don't use a lot and this way I *could* treat myself to a take out or cover unexpected things without panicking I'm going over budgets etc.
    Mortgage £68,137
    Pay off loan by xmas 2017 - GONE started May 2016 finished March 2017 £3205
    Credit card 0% £1424!!!
    Emergency fund £668/£1000
    Selling/next home fund £0/£16,000
    • dottydebts
    • By dottydebts 25th Feb 17, 9:25 AM
    • 61 Posts
    • 162 Thanks
    dottydebts
    Dotty - I do it this way with some money as it means I have access to it if I've forgotten something important or something comes up but by not being in my current account I 'forget' about the money.... well I remember but I don't think of it when I'm deciding if I really 'need' that new top or throw etc.
    If something comes up, I can transfer it back and use it but if it doesn't, the debt comes down.
    Originally posted by Whoknowskt89
    I think this is exactly what I need to be doing! I have a separate account which I am building up funds in to pay off the dreaded overdraft (I have learned the hard way just keeping it in my current account does not work) but sending extra to another account so I have the money there 'just in case' sounds like a fab idea
    18.02.17 - £4,040.19 18.03.17 - £3686.19
    18.04.17 - TBA

    • Bobarella
    • By Bobarella 26th Feb 17, 2:09 AM
    • 10,102 Posts
    • 64,608 Thanks
    Bobarella
    Ah, bulldog bash. I went when it got really big and wasn't much of a fan but they have scaled it back quite a bit.
    Was nice to have a drag strip at a rally though!

    Too true. She loves the sound of her own voice and tried to get right to manage on a block with flats and businesses which isn't possible though apparently she deals with management agencies and leasehold law a lot...
    Originally posted by Whoknowskt89
    Yes that's right! Happy days
    £378 Debt free by 31/03/17 or bust
    Roadkill 17 £51.30 2016-£62.28 2015- £84.20)
    RYSAW17 £1410.90 2016 £2,535.16 2015 £1027.20
    PAYDBX 7 #£397/£760 to go!!
    NST March1 4/15
    • Whoknowskt89
    • By Whoknowskt89 26th Feb 17, 9:12 AM
    • 147 Posts
    • 393 Thanks
    Whoknowskt89
    Well, my mates tattoo was moved to yesterday and spent the day with her getting it done and I must say it is amazing and the lady is an amazing artist. So much so that I've booked mine in with her for March.
    Spent a tenner yesterday treating my mate to lunch and today I've got to take my kittens to the vets for microchipping but that's already paid for with my healthy pet plan.
    Really can't wait to get more ink now, it's been 9 years now! I know it's not very money saving but every now and then you need to treat yourself.
    Got it booked in for a day after what was a planned night out so does mean I'll spend less at the night out as won't be drinking alcohol.
    Mortgage £68,137
    Pay off loan by xmas 2017 - GONE started May 2016 finished March 2017 £3205
    Credit card 0% £1424!!!
    Emergency fund £668/£1000
    Selling/next home fund £0/£16,000
    • Whoknowskt89
    • By Whoknowskt89 27th Feb 17, 7:34 PM
    • 147 Posts
    • 393 Thanks
    Whoknowskt89
    I think today is a typical Monday.... Long and irritating!
    Forgot to defrost the quorn ham so had to buy lunch today but was out of change in my pocket so not counting this as a spend! My budgets go purely on account money and I only withdraw cash for specific nights out/when I'm going somewhere I know I can't use my card.
    I did manage to get a free bottle of cola with priority moments on my way home from work though. It didn't even tempt me to buy anything else :-) pay day tomorrow so I can pay off more of my loan.
    Got some confusion over what's going on with my flat as apparently I'm in the way of plans for the building but I've heard nothing from the actual owners (leasehold flat) or management agents!
    Never mind..

    TV, cats and chocolate it is!
    Mortgage £68,137
    Pay off loan by xmas 2017 - GONE started May 2016 finished March 2017 £3205
    Credit card 0% £1424!!!
    Emergency fund £668/£1000
    Selling/next home fund £0/£16,000
    • Whoknowskt89
    • By Whoknowskt89 28th Feb 17, 7:12 AM
    • 147 Posts
    • 393 Thanks
    Whoknowskt89
    Payday!!!!
    Just transferred £100 to my loan so it's at £1549... Under a year and already over half gone!
    The interest will be added tomorrow though and my usual payment taken but that normally takes a few days to show up.
    Did get my supermarket delivery early (yesterday) as there was some offers on my usual bits that expired yesterday, though some didn't come off so called them up and getting £4.25 refunded :-D
    Mortgage £68,137
    Pay off loan by xmas 2017 - GONE started May 2016 finished March 2017 £3205
    Credit card 0% £1424!!!
    Emergency fund £668/£1000
    Selling/next home fund £0/£16,000
    • Whoknowskt89
    • By Whoknowskt89 28th Feb 17, 5:23 PM
    • 147 Posts
    • 393 Thanks
    Whoknowskt89
    I got my (temporary) promotion!!!!!!!
    Last edited by Whoknowskt89; 28-02-2017 at 5:26 PM.
    Mortgage £68,137
    Pay off loan by xmas 2017 - GONE started May 2016 finished March 2017 £3205
    Credit card 0% £1424!!!
    Emergency fund £668/£1000
    Selling/next home fund £0/£16,000
    • Whoknowskt89
    • By Whoknowskt89 10th Mar 17, 10:18 PM
    • 147 Posts
    • 393 Thanks
    Whoknowskt89
    Oo I've been quiet....

    In this time...

    Been approved for my 0% credit card
    Kittens been neutered
    Car passed mot after some fixes £200! Spent on the car today

    No more sent to my loan but should have enough food except some fresh stuff for the rest of the month, got £120ish left unaccounted for and only got to get my mum something for mothers day.
    Do have my tattoo money as well but I feel I feel I deserve a little treat and should still come on budget this month and I have overpaid by £100 already.
    Going to move my loan to credit card, 4% fee but cheaper than the interest minorly.

    Now to go make cake for friends visiting tomorrow!
    Mortgage £68,137
    Pay off loan by xmas 2017 - GONE started May 2016 finished March 2017 £3205
    Credit card 0% £1424!!!
    Emergency fund £668/£1000
    Selling/next home fund £0/£16,000
    • Whoknowskt89
    • By Whoknowskt89 12th Mar 17, 3:16 PM
    • 147 Posts
    • 393 Thanks
    Whoknowskt89
    Got my car insurance renewal through for £505 but managed to stick to my company for £410. All my quotes were coming out at £480ish online so I called them and said I had a quote for £420 from x unlinked company, they managed to match and then managed to get another £10 off! That's with £0 excess (online changing excess saved maybe a tenner a year!)
    My bike insurance renewal came through too for £390!!! As an incident was showing as open but managed to get that for £213.84!
    All in all, my insurances are £100 less than what I budgetted for, meaning my car repairs haven't eaten as much of my buffer money as I thought.

    I've applied to get money transfer to settle my loan so fingers crossed that'll go through properly and then it'll be on 0%!

    Did have a cheeky letter through from my new management agents asking for £253! Despite having an email from the last confirming I was paid up until end of June. One phone call and that was all sorted out and received in writing that I owe nothing.

    Cakes and fajitas went down nicely for my friends, they helped me sort out some diy too so now I can retile the fixed leak area in my bathroom.

    Everything just seems to be coming together this month
    Mortgage £68,137
    Pay off loan by xmas 2017 - GONE started May 2016 finished March 2017 £3205
    Credit card 0% £1424!!!
    Emergency fund £668/£1000
    Selling/next home fund £0/£16,000
    • Bobarella
    • By Bobarella 12th Mar 17, 11:50 PM
    • 10,102 Posts
    • 64,608 Thanks
    Bobarella
    I got my (temporary) promotion!!!!!!!
    Originally posted by Whoknowskt89
    Congrats
    £378 Debt free by 31/03/17 or bust
    Roadkill 17 £51.30 2016-£62.28 2015- £84.20)
    RYSAW17 £1410.90 2016 £2,535.16 2015 £1027.20
    PAYDBX 7 #£397/£760 to go!!
    NST March1 4/15
    • Whoknowskt89
    • By Whoknowskt89 18th Mar 17, 9:16 AM
    • 147 Posts
    • 393 Thanks
    Whoknowskt89
    Thanks Bobarella.
    Well, ended up getting a surprise amount from Halifax as they never paid me my reward payment for my credit card!
    I've moved £1370 from my loan to 0% credit card so that's now £1424 due to the feed.
    The remaining money has just been paid and loan closed (£84.99) so no more loan!
    My friend was meant to go with me for my tattoo today but she has cancelled as she's too hang over apparently but never mind!
    Just so pleased things are getting so low loan wise.
    Mortgage £68,137
    Pay off loan by xmas 2017 - GONE started May 2016 finished March 2017 £3205
    Credit card 0% £1424!!!
    Emergency fund £668/£1000
    Selling/next home fund £0/£16,000
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