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  • FIRST POST
    • RebeccaAnney
    • By RebeccaAnney 7th Mar 17, 1:28 PM
    • 63Posts
    • 151Thanks
    RebeccaAnney
    Debt Free Determined!!!
    • #1
    • 7th Mar 17, 1:28 PM
    Debt Free Determined!!! 7th Mar 17 at 1:28 PM
    Hi everyone

    Starting a diary to encourage myself to be realistic with where I am financially, stop burying my head in the sand and address all the things I waste all of my money on...

    My current debts are as follows;

    Credit Card 1 - £3491.16
    Credit Card 2 - £3981.71
    Catalogue - £708.27
    Overdraft - £2350
    Car Finance - £4348.38
    TOTAL £ 14,879.52

    I am so determined to get these paid off now! I'm 25 now and have had debt since I was old enough to have a CC/OD! I would, one day, like to be a homeowner but it feels impossibly unobtainable at the moment

    If anyone has any tips or advice it would be greatly received, I will let you know how I get on, I can do this!!!

    R x

    This Forum tip was included in MoneySavingExpert.com's weekly email!
    Last edited by MSE Andrea; 19-07-2017 at 10:26 AM.
Page 4
    • RebeccaAnney
    • By RebeccaAnney 15th Sep 17, 2:54 PM
    • 63 Posts
    • 151 Thanks
    RebeccaAnney
    All good on the money front, got some birthday money left, had bought loads of clothes but some were such poor quality and/or sizing I had to return. Won't mention names but I guess you get what you pay for. So yesterday I used some of the money to buy a secondhand iPad mini , it was £100 and will help with my studies as a lot of my college work/revision/practice assessments are online. I had my first college evening on Tuesday, all good but a bit of an information overload....

    Officially joined Slimming World again after trying (failing) to do it alone for the past few months. I had a free join voucher from a magazine so was just the weekly fee of £4.95.

    Feeling motivated in all areas, £310 to pay off of credit cards with this weeks wages.

    Low spend weekend as food shopping is sorted and I'm at my Dads looking after the dogs while he's off to Italy. He lives a 3 minute drive from work so will save on fuel over the next week. He also has a tumble dryer which I will use to catch up on all the washing, what an exciting life I lead
    LBM 07/03/17 (£14,879.52) 21/11/17 £8,753.66
    • RebeccaAnney
    • By RebeccaAnney 17th Oct 17, 12:11 PM
    • 63 Posts
    • 151 Thanks
    RebeccaAnney
    A whole month since my last update, where is the time going?

    Well in the last month I have managed to get into the £9k bracket which feels like massive deal going from 5 figures to 4! I've found myself spending very little lately, thankfully. Must be all the good TV and bad weather making me stay in.

    College is going well, I have my first mock test later, I'm really trying to aim high and get distinctions in my exams. I don't want to get my hopes up aiming so high but I wasn't very motivated throughout school and I feel like this is my chance to make up for that.

    Slimming World also going well and I'm 1 stone 2 and a half lbs down since joining 5 weeks ago. It involves SO much time cooking from scratch though and also spending a pretty penny on food!!!

    UPDATE 17/10/17
    CC 1 & 2 - £4610.00
    Overdraft - £2120.00
    Car Finance - £2901.18
    17/10/17 TOTAL £9,631.18

    (05/09/17 TOTAL £10,814.02)
    (09/08/17 TOTAL £11,630.91)
    (03/07/17 TOTAL £12,311.84)
    (31/05/17 TOTAL £13,173.79)
    (07/03/17 TOTAL £ 14,879.52)
    LBM 07/03/17 (£14,879.52) 21/11/17 £8,753.66
    • RebeccaAnney
    • By RebeccaAnney 21st Nov 17, 10:37 AM
    • 63 Posts
    • 151 Thanks
    RebeccaAnney
    Hands up.. slipped slightly back into putting things on my credit card here and there. I have tried my best to nip this in the bud but can't bring myself to cut up my credit cards! I really should but I think, what if there was an emergency?! (a real one not a shopping one)...

    I need to do something before christmas comes and I panic spend on my credit cards.

    College front - exam passed with a distinction, it feels so good to put the effort in and see the reward for it.

    Slimming front - 1 stone 7.5lbs down, really struggle to shift it at this point though. I seem to be hovering at this weight and whilst its in my 'healthy' range I feel like when I hit my 2 stone off my target will be reached.

    I also now have a DFD worked out which will be my target - 17th August 2018. I'm so determined to make this happen!!! Any sooner would be a bonus but I should be able to have everything paid at this point. As long as I stop the CC spends here and there...

    UPDATE 21/11/17
    CC 1 & 2 - £4173.66
    Overdraft - £1870.00
    Car Finance - £2710.00
    21/11/17 TOTAL £8,753.66

    (17/10/17 TOTAL £ 9,631.18)
    (05/09/17 TOTAL £10,814.02)
    (09/08/17 TOTAL £11,630.91)
    (03/07/17 TOTAL £12,311.84)
    (31/05/17 TOTAL £13,173.79)
    (07/03/17 TOTAL £ 14,879.52)
    LBM 07/03/17 (£14,879.52) 21/11/17 £8,753.66
    • reality_check
    • By reality_check 21st Nov 17, 1:08 PM
    • 691 Posts
    • 1,496 Thanks
    reality_check
    Well done with your exam!!

    At least you recognise it and know you need to get control. The old versions of us would be spend, spend, spend without a care in the world! Me anyway.

    I could have wrote that post with regards to spending, amount of debt and weight loss. We roughly have the same amount of debt and I would like to pay mine off by August before my maternity leave ends. I do have my daughters 21st, my friends hen weekend away, wedding abroad and my daughter graduation all in the first half of next year too though! Probably too ambitious but I would like to be close.

    I am about 7lb off my pre pregnancy weight, I am only 5’3 so 7lb is noticeable (to me at least). What have you been doing? I generally eat well during the day, it is at night where I eat chocolate, cakes, biscuits, crisps, few glasses of wine and that’s before any takeaways at the weekend. I previously done Herbalife and Protein World shakes, but 1. I am still breastfeeding and 2. I am not mentally ready for that especially with a lack of sleep!!

    I probably wouldn’t cut the cards up either if this was my emergency backup, try leaving them at home to avoid temptation when out and about? Online shopping is my downfall, because I hate shops these but online is just so so easy! xxx
    Starting debt £18,675.63
    Current debt: £8,250
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