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  • FIRST POST
    • mrsonions
    • By mrsonions 15th Sep 17, 9:17 PM
    • 26Posts
    • 67Thanks
    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 2
    • enthusiasticsaver
    • By enthusiasticsaver 26th Sep 17, 10:05 PM
    • 4,405 Posts
    • 8,157 Thanks
    enthusiasticsaver
    Is it worth posting an SOA to get some suggestions on cutting back or at least so you can set a budget?

    Did you repay the Barclaycard from income or was it from a balance transfer? I presume you are tackling the other Barclaycard debt next?
    Countdown to early retirement on 21.12.17 3 months to go.
    • mrsonions
    • By mrsonions 27th Sep 17, 1:20 PM
    • 26 Posts
    • 67 Thanks
    mrsonions
    enthusiasticsaver - we are moving house soon so will post an SOA when we have moved as I'll have a better idea of where I am at.


    I used my income to pay off the Barclaycard, yes. Now tackling the Barclaycard £926.10 debt. I've worked out I need to overpay/save around £150 a month. I am on track to do this this month if I stick to my budget. This month is the first month in absolutely ages that I have actually budgeted properly rather than free styling (badly!) which is what I usually do!


    At work today! Planning an NSD. Lunch from home - chicken, salad, avocado in a big wrap, was YUM!


    We have Macmillan Coffee Morning at work tomorrow so will bake the same cake I baked yesterday as I know I have the ingredients at home!
    • mrsonions
    • By mrsonions 28th Sep 17, 9:25 PM
    • 26 Posts
    • 67 Thanks
    mrsonions
    Not much to report but I know what I'm like - if I don't post daily I'll end up falling off the diary wagon.

    Today was Macmillan Cancer Support day at work so donated a fiver.

    I also brought my niece a present for her birthday. New Frozen pyjamas, £6.95 down from £16.95! Bargain!!
    • mrsonions
    • By mrsonions 30th Sep 17, 10:43 PM
    • 26 Posts
    • 67 Thanks
    mrsonions
    Why is it that when you decide to get your finances in order, something sets you back massively? Today my fridge broke so £110 to replace it, just brought a small one for the time being but still £110 I didn't need to spend
    • enthusiasticsaver
    • By enthusiasticsaver 1st Oct 17, 7:47 AM
    • 4,405 Posts
    • 8,157 Thanks
    enthusiasticsaver
    Why is it that when you decide to get your finances in order, something sets you back massively? Today my fridge broke so £110 to replace it, just brought a small one for the time being but still £110 I didn't need to spend
    Originally posted by mrsonions
    Do you have an emergency savings account? Alongside reducing debt saving for emergencies is a good idea so it does not throw your budget out. It also stops you being tempted to use credit cards when something breaks and needs replacing immediately like a fridge.
    Countdown to early retirement on 21.12.17 3 months to go.
    • mrsonions
    • By mrsonions 3rd Oct 17, 9:04 PM
    • 26 Posts
    • 67 Thanks
    mrsonions
    I don't have an emergency fund . How much should I save?

    Fridge was brought with cash. I then got hit with a nearly £300 final bill from British Gas. Phoned them to query it and it is correct I'm afraid. They have said I can pay it off in instalments, thank god! Will phone them tomorrow with a payment plan.

    It doesn't rain but it pours! Will keep going though!!
    • mrsonions
    • By mrsonions 3rd Oct 17, 9:05 PM
    • 26 Posts
    • 67 Thanks
    mrsonions
    Also - got paid £112 for some freelance work I did for a friend, every little helps!
    • mrsonions
    • By mrsonions 4th Oct 17, 9:25 AM
    • 26 Posts
    • 67 Thanks
    mrsonions
    Very pleased to report I have sold 4 items on eBay and made £35!
    • mrsonions
    • By mrsonions 6th Oct 17, 4:02 PM
    • 26 Posts
    • 67 Thanks
    mrsonions
    Been a busy week!

    My personal spends have been less than £10. Monday I got taken out for lunch with work so a freebie, Tues & Weds I worked from home, another lunch brought for me on Thursday which just left me with today Ė spent £7.70 on lunch, blueberries and a can of diet coke. Shocking how nearly £10 can disappear so easily but, as I havenít spent anything all week, I didnít mind today and we had no food for me to bring in Ė itís so tough with a tiny fridge!

    Iíve decided itís DH and DS that cost me money! DH had dentist, phone repair and Ubers from a night out and so far this week I have brought DS new winter boots, wellies and a warmer duvet as he keeps waking up in the middle of the night and coming in to my bed because heís cold! I also had to buy gifts for two girls who left my sonís nursery. They have been so good to DS I wanted to get them something nice, luckily I found some Estella Bartlet bracelets BOGOF on ebay so thatís them sorted.

    I also paid a yearís worth of buildings insurance as it was cheaper in one go. I am going to set up a transfer each month of £11 to cover this and start doing this with all the insurances, car tax, etc. Feels good to be organised!

    So glad itís Friday as itís been a hard week and Iím tired! Happy weekend everyone!
    • mrsonions
    • By mrsonions 11th Oct 17, 3:04 PM
    • 26 Posts
    • 67 Thanks
    mrsonions
    Havenít posted in a few days!

    Ticking along nicely, have been bringing in food from home for lunches and had lunch out today which can be claimed on expenses.

    Sold an old mobile for £200! That will be great for the CC overpayment pot!

    In other news, my toddler is still costing me money but I am really fighting the urge to keep buying him whatever he wants! I find that so hard.

    It was my nieceís birthday so spent a tenner there for a present.

    Other people cost me money!
    • mrsonions
    • By mrsonions 13th Oct 17, 10:45 PM
    • 26 Posts
    • 67 Thanks
    mrsonions
    I'm so pleased! A week till payday and I have £700 still in my bank account.

    I have started to buy the odd Christmas present here and there. I have about 30 people to buy for
    • tootallulah
    • By tootallulah 15th Oct 17, 7:27 PM
    • 1,998 Posts
    • 6,903 Thanks
    tootallulah
    Well done on the bank account, brilliant progress! 9 weeks to Christmas you need 3 presents a week - difficult. I would get together an emergency (never touched except for an emergency) as that will help when the car breaks down etc. £1000 is what people usually say. You are doing very well.
    Mortgage House £173,000 July17th 2016.
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