Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Reb2016
    • By Reb2016 6th Jun 17, 10:30 AM
    • 20Posts
    • 20Thanks
    Reb2016
    Don't want to spend my life in debt
    • #1
    • 6th Jun 17, 10:30 AM
    Don't want to spend my life in debt 6th Jun 17 at 10:30 AM
    I've finally had my lightbulb moment, I found myself last week applying for a consolidation loan, thankfully I was turned down, and this got me to take a proper look at my finances. I worked out that I could pay back all my debt by Aug 2020, possibly even earlier depending on work bonuses. The loan I was looking at was 10 years, I would have paid back so much more interest and risked my house as it was a secured loan. I am now really glad that I was turned down.


    So now its time to really get this all sorted, I don't want to spend my life constantly in debt, so I am starting this diary to keep myself focused.


    So far, I have checked my SOA and noticed my Broadband contract was about to come to an end and go up by £10 a month so I have contacted the provide and now have another 12months on the same rate.


    My mobile contract is a high cost by comes to an end in Feb next year so I will change that to a pay as you go contract, as I really don't use my phone much at all.


    I have started having a clear out, and have sent some books, DVDs and CD's to a buy your books place which will give me £52, this will be used to make the final payment for some dental treatment I have coming up, instead of me doing my usual and putting it on a credit card.


    I have also listed some items on ebay so fingers crossed there. I shall continue the clear out and see if I can come across anything else.


    Reb
Page 1
    • Reb2016
    • By Reb2016 6th Jun 17, 9:59 PM
    • 20 Posts
    • 20 Thanks
    Reb2016
    • #2
    • 6th Jun 17, 9:59 PM
    • #2
    • 6th Jun 17, 9:59 PM
    So, I've just reached £50 on yougov surveys that should arrive in my bank account in the next few days and will go straight onto my highest interest rate card, so that should really help.

    I also have a couple of bids on eBay items so a little more coming in from there.

    Reb
    Light bulb moment June 2017
    Debt 13333.63
    Debt free date October 2020 41 months
    • jamie2017
    • By jamie2017 7th Jun 17, 1:07 AM
    • 18 Posts
    • 53 Thanks
    jamie2017
    • #3
    • 7th Jun 17, 1:07 AM
    • #3
    • 7th Jun 17, 1:07 AM
    How do I do these surveys, welcome to the board btw. I am new here too! Also had my LBM
    LBM: £29517.61 June 2017 DFD: DEC 2021 Total Paid 76.80/29517.69
    Barclays 76.80/13267.92 Loan: 0/8649.69 MBNA: 0/7600
    • Reb2016
    • By Reb2016 7th Jun 17, 6:34 PM
    • 20 Posts
    • 20 Thanks
    Reb2016
    • #4
    • 7th Jun 17, 6:34 PM
    • #4
    • 7th Jun 17, 6:34 PM
    Hi Jamie
    The you gov one can be found at www.yougov.co.uk the surveys don't take long, it does take a while to build up enough points for £50, takes me about a year, so not a quick way to make money, but every little bit helps.

    Got a few bids on some of my eBay items, so hopefully will soon have a little more to throw at the debt. Two auctions finish tomorrow and the rest on Sat.

    I'm keeping a spending diary this month, I want to see how much I spend without thinking, so that I can see if I can make some cutbacks.

    Going to go and look at some other diaries now for inspiration.

    Reb
    Light bulb moment June 2017
    Debt 13333.63
    Debt free date October 2020 41 months
    • Reb2016
    • By Reb2016 8th Jun 17, 7:32 PM
    • 20 Posts
    • 20 Thanks
    Reb2016
    • #5
    • 8th Jun 17, 7:32 PM
    • #5
    • 8th Jun 17, 7:32 PM
    Sold a couple of things on eBay today, so that's a little more towards debt payment.

    I've also spent a bit of time on my budget, and realised I had forgotten about the 0% deal ending on one of my CC soon, so that means my debt free date has changed to Oct 2020, so my first mission will be to bring that back to Aug 2020, I think it's doable.

    Reb
    Light bulb moment June 2017
    Debt 13333.63
    Debt free date October 2020 41 months
    • joedenise
    • By joedenise 8th Jun 17, 8:06 PM
    • 4,514 Posts
    • 33,268 Thanks
    joedenise
    • #6
    • 8th Jun 17, 8:06 PM
    • #6
    • 8th Jun 17, 8:06 PM
    Don't know what other survey sites you do but Populus Surveys is one I use. It's another one which only pays out at £50 which takes some time to get to but the surveys are usually worth £1, £2 or £3 each and only take 5-15 minutes each. I think it probably takes me around 8-9,months to get to payout.

    Another thing I do is Tesco Home Panels. It doesn't pay out in money but can save you a few pounds on your household shopping by giving you freebies to try out and then review. I've had things from toothpaste to clothes to use and review. The best ones being a jacket for me and another for DH, both of which we are still using 2 years later! Definitely saved me some money as we both needed new coats at the time we got them.

    I suspect other supermarkets do something similar.

    Good luck.

    Denise
    • Reb2016
    • By Reb2016 9th Jun 17, 9:13 PM
    • 20 Posts
    • 20 Thanks
    Reb2016
    • #7
    • 9th Jun 17, 9:13 PM
    • #7
    • 9th Jun 17, 9:13 PM
    Thanks for those, I will take a look.

    Reb
    Light bulb moment June 2017
    Debt 13333.63
    Debt free date October 2020 41 months
    • Reb2016
    • By Reb2016 11th Jun 17, 9:41 PM
    • 20 Posts
    • 20 Thanks
    Reb2016
    • #8
    • 11th Jun 17, 9:41 PM
    • #8
    • 11th Jun 17, 9:41 PM
    Had a good weekend, sold quite a few things on eBay so will be able to make an extra payment. I've worked out which is the credit card with the highest rate of interest and at will be the one I will make overpayments on the balance is £345 and the interest rate is 59.92% so the quicker it is cleared closed the better.
    I've also signed up for a few more survey sites, although it's not huge amounts of money every little bit helps.
    Light bulb moment June 2017
    Debt 13333.63
    Debt free date October 2020 41 months
    • Reb2016
    • By Reb2016 21st Jun 17, 12:29 PM
    • 20 Posts
    • 20 Thanks
    Reb2016
    • #9
    • 21st Jun 17, 12:29 PM
    • #9
    • 21st Jun 17, 12:29 PM
    So things are going well, with the ebay sales I have managed to get my highest rate CC down to £255.00, I have some more things on there at the moment so fingers crossed. I will have a min of £135.00 to throw at it when I get paid next week, so should be rid of that one really soon.


    I have started to plan ahead and make a shopping list for next month, so that I don't go and just buy random items that I won't use, or don't need.


    I actually have enough money left in my food budget this month to see my through to payday, this is the first month in quite some time that I have been able to do that, it has convinced me of the need for a budget and shopping lists, and of course making sure I stick to the list.
    Light bulb moment June 2017
    Debt 13333.63
    Debt free date October 2020 41 months
    • another casualty
    • By another casualty 21st Jun 17, 11:49 PM
    • 2,618 Posts
    • 4,021 Thanks
    another casualty
    Wishing you all the best in your goals. You seem to have a great positive attitude
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,627Posts Today

8,635Users online

Martin's Twitter