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  • FIRST POST
    • mrsonions
    • By mrsonions 15th Sep 17, 9:17 PM
    • 32Posts
    • 109Thanks
    mrsonions
    I will never be £16,676.84 in debt again
    • #1
    • 15th Sep 17, 9:17 PM
    I will never be £16,676.84 in debt again 15th Sep 17 at 9:17 PM
    Today I calculated how much debt we are in. £16,676.84.

    All on 0% credit cards.

    I worked out how much was owed on each card and when each 0% period was up. It works out as follows:
    Barclaycard: £367.40 till 1 October 2017
    Barclaycard: £926.10 till March 2018
    MBNA: £1345 till 27 June 2018
    Post Office: £4225.55 till September 2018
    MBNA: £6920.46 till 26 September 2018
    MBNA: £2892.33 till Augsut 2020

    I'm just going to tackle them one by one. Make the minimum payment and then overpay in order to get this debt down.

    Lets do this.
Page 1
    • swimminginaseaofdebt
    • By swimminginaseaofdebt 15th Sep 17, 9:36 PM
    • 602 Posts
    • 3,232 Thanks
    swimminginaseaofdebt
    • #2
    • 15th Sep 17, 9:36 PM
    • #2
    • 15th Sep 17, 9:36 PM
    Good luck mrsonions!
    SPC11 #564
    • mrsonions
    • By mrsonions 15th Sep 17, 10:28 PM
    • 32 Posts
    • 109 Thanks
    mrsonions
    • #3
    • 15th Sep 17, 10:28 PM
    • #3
    • 15th Sep 17, 10:28 PM
    Just paid £370 to pay off the £367.40 outstanding on the Barclaycard.

    1 down 5 to go!
    • zippygeorgeandben
    • By zippygeorgeandben 15th Sep 17, 10:40 PM
    • 707 Posts
    • 882 Thanks
    zippygeorgeandben
    • #4
    • 15th Sep 17, 10:40 PM
    • #4
    • 15th Sep 17, 10:40 PM
    Yup good luck! Remember this feeling and bottle it!
    End Sep 2016 End Oct 2017
    £8236.57 £0
    (Tesco 4.8%) £0pcm
    £6185.75 £0(Zopa 4.0%) £0pcm

    £5344.50
    £2610.04 (Sainsburys 0% until 06/19) £140pcm
    £2000.00 £1066.69 (Sister 0%) £133.33pcm

    Total debt
    £19.766.82 £3676.73 Original DFD May 2019.
    • mrsonions
    • By mrsonions 16th Sep 17, 9:12 PM
    • 32 Posts
    • 109 Thanks
    mrsonions
    • #5
    • 16th Sep 17, 9:12 PM
    • #5
    • 16th Sep 17, 9:12 PM
    £30 spent today on 2 family birthdays. That's it. No weekend coffees, takeaway, booze. This is life until the debt is paid!
    • mrsonions
    • By mrsonions 16th Sep 17, 9:13 PM
    • 32 Posts
    • 109 Thanks
    mrsonions
    • #6
    • 16th Sep 17, 9:13 PM
    • #6
    • 16th Sep 17, 9:13 PM
    To add - that £30 was birthday gifts!
    • UncannyScot
    • By UncannyScot 16th Sep 17, 11:10 PM
    • 817 Posts
    • 4,092 Thanks
    UncannyScot
    • #7
    • 16th Sep 17, 11:10 PM
    • #7
    • 16th Sep 17, 11:10 PM
    Hello and welcome mrsonions
    Love that name, reminds me of the card game in TP's books (may he rest in peace) "Cripple Mr Onion"
    Looks like you have a plan
    You got this
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
    • mrsonions
    • By mrsonions 17th Sep 17, 1:13 PM
    • 32 Posts
    • 109 Thanks
    mrsonions
    • #8
    • 17th Sep 17, 1:13 PM
    • #8
    • 17th Sep 17, 1:13 PM
    Thank you everyone for your support so far
    • mrsonions
    • By mrsonions 17th Sep 17, 11:02 PM
    • 32 Posts
    • 109 Thanks
    mrsonions
    • #9
    • 17th Sep 17, 11:02 PM
    • #9
    • 17th Sep 17, 11:02 PM
    Few necessary spends today - petrol and top up grocery shop - as well as unnecessary spends by OH - coffee and a treat for our 3-year-old son. Coffee for OH, not toddler

    Been thinking today about birthday gifts. I have a big family and usually spend £20 on the adults and £10 on the children. So that's £200 I need to save towards presents. I usually try and buy something for the value of £20/£10 but try and get it cheaper using vouchers, deals, sales, etc. Usually I top up the gift with other smaller gifts to bring it up to the value of £20/10 but I've stopped doing that! So would be interesting to see how much I've saved so far by doing this - started doing this last month. Will have to start a spreadsheet . And start transferring money into savings to cover this expense.
    • Tea&Kittens
    • By Tea&Kittens 17th Sep 17, 11:06 PM
    • 153 Posts
    • 569 Thanks
    Tea&Kittens
    Good luck MrsO! Slightly different numbers but similar position here with credit cards!
    October: NSDs 6 / 17 NSDs in a row: 1 / 5
    I started my debtfree journey on 07 September 2017: Total: £20,521 £19847
    Barclaycard: £14659 £14435 Oct 2017 HSBC Credit Card : £3112 £3012 Oct 2017
    Overdraft: 350 £0 Oct2017 MBNA : 2400
    A journey of a thousand miles starts with a single step. I'm on my way!
    • mrsonions
    • By mrsonions 18th Sep 17, 10:16 AM
    • 32 Posts
    • 109 Thanks
    mrsonions
    Thanks Tea&Kittens, have subscribed to your thread and will read it in full later today.

    No coffee purchased on way to work but I do need to get myself lunch today. Big food shop coming tomorrow - lots of soup needed I think, it's freezing!
    • mrsonions
    • By mrsonions 18th Sep 17, 1:53 PM
    • 32 Posts
    • 109 Thanks
    mrsonions
    Grrrr I just checked all my accounts to ensure the Barclays overpayment had gone through and the MBNA figure I gave in my OP was without the balance transfer charge that I did GRRRRR!

    Never mind, at least I know where I stand and I'm still under the total in my title so onwards and downwards!

    £4.20 spent on lunch - not ideal but won't happen again, honest!
    • mrsonions
    • By mrsonions 19th Sep 17, 9:22 PM
    • 32 Posts
    • 109 Thanks
    mrsonions
    Big food shop done today so lunches for rest of week all sorted.

    Also picked up a couple of cheap presents for niece and nephew's birthday next month while in B&M.

    Payday Friday! Can't wait! Looking forward to a new month of budgeting.
    • Tea&Kittens
    • By Tea&Kittens 20th Sep 17, 10:40 AM
    • 153 Posts
    • 569 Thanks
    Tea&Kittens
    Good to feel positive doing something about it, isn't it! For me, I think the challenge will come maintaining it. I really must do it though!
    October: NSDs 6 / 17 NSDs in a row: 1 / 5
    I started my debtfree journey on 07 September 2017: Total: £20,521 £19847
    Barclaycard: £14659 £14435 Oct 2017 HSBC Credit Card : £3112 £3012 Oct 2017
    Overdraft: 350 £0 Oct2017 MBNA : 2400
    A journey of a thousand miles starts with a single step. I'm on my way!
    • mrsonions
    • By mrsonions 20th Sep 17, 11:00 AM
    • 32 Posts
    • 109 Thanks
    mrsonions
    It does *tea* but why does it always feel like one step forward and two steps back

    I hate life sometimes for costing money!
    • mrsonions
    • By mrsonions 21st Sep 17, 3:22 PM
    • 32 Posts
    • 109 Thanks
    mrsonions
    Lunch from home today. A lovely warming moussaka with a side salad for extra veg and goodness.


    Payday tomorrow - can't wait! Looking forward to a new budgeting month.


    I went to the shops and tried on some trousers and a dress, it was only this diary that stopped me buying them! I do need to purchase some items for winter but they will be measured and controlled.
    • NineDeuce
    • By NineDeuce 21st Sep 17, 3:52 PM
    • 421 Posts
    • 371 Thanks
    NineDeuce
    Bit of a bizarre post....
    • mrsonions
    • By mrsonions 22nd Sep 17, 2:35 PM
    • 32 Posts
    • 109 Thanks
    mrsonions
    Not sure what you mean, NineDeuce?


    Payday today!


    Am trying a new tactic this month - taking out £100 a week and using cash instead of spending on the card which can sometimes feel like it's not real money. That's for me, OH and toddler. Once that's taken out and all bills, food, etc has been paid for that should leave me with £500 - should being the operative word!
    • mrsonions
    • By mrsonions 24th Sep 17, 10:35 PM
    • 32 Posts
    • 109 Thanks
    mrsonions
    Busy weekend with some spending - 50% planned and 50% unplanned.

    I have been looking for some boots to wear to work for the autumn months - smart, black and low heel to commute on the tube in. I'm watching a few on ebay but I'm trying to hold out. I found some boots under the bed from last year that should see me through for a while.

    I wish I could just buy what I want when I want! But I suppose that's what got me in this mess in the first place!

    Lunch from home for work tomorrow. Chicken and salad - not great for this cold weather but beggars can't be choosers
    • mrsonions
    • By mrsonions 26th Sep 17, 9:28 PM
    • 32 Posts
    • 109 Thanks
    mrsonions
    No work today so took the opportunity to have an NSD . Meant me and the toddler spent too much time watching films but it's ok once in a while. We did have a break to make a cake which turned out lovely - using store cupboard ingredients, another

    Listed 4 items on eBay which already have watchers and need to envirofone my old mobile - should get £100-200 for it so worth doing!
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