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poorandindenial

eekiedee wrote: »

Hey Im fine with the comments here and I wont go off in a cream puff!

The snowball was scarey and got me thinking over night and made me rethink the way I intend to approach the pay offs. Im trying to avoid running around applying for new credit transfers or loans or mortgage deals at the mo as I have NEVER missed a payment and I fear an ill planned approach that results in refusal wont help. So since I joined this site Ive really been taking stock and seeing how the bills stack up under 'more' careful management.

My bank statement just came in and it is the first time in a long time since the outs and ins were almost balanced out by £50. Next month WILL be better. December wil take a bit of a hit but not a huge one. January will improve as one direct debit ends then.

Ok It would be great if my wife worked and Im stuggling a bit with OUR choice. But had a chat tonight with my better half and the emphasis is now on planning our spending well inadvance.

I also reckon that the snowball was good in that it will help me focus on paying off high interest items first. ie pay more to them and minimum to 0% transfers.

My approach may have a few holes but they are ones that are contained financially (I will probably get pelters for that statement).

However my way seems clearer now and less pessimistic (providing I dont waiver). So thanks again to you all.

:T :T :T :T :T

You sound like you have really turned a corner. Yeah you have got a way to go but you have made a great start and once you have all got used to the changes it gets easier and easier and once you see that debt dropping and you start to clear things off it is AMAZING.

Well done you for getting to where you are and you are right that change does take a while to get right and from time to time you and your wife will screw up, but don't throw it all away when it does (the debt busting that is, am not implying your marriage is shaky) just get back on and carry on plugging away at it.

Keep at it and come back and let us know how it is going and we will make free with any advice we can. You could even start a diary on here so that you can track it.

Jacks_xxx

eekiedee wrote: »

The snowball was scarey and got me thinking over night and made me rethink the way I intend to approach the pay offs. Im trying to avoid running around applying for new credit transfers or loans or mortgage deals at the mo as I have NEVER missed a payment and I fear an ill planned approach that results in refusal wont help. So since I joined this site Ive really been taking stock and seeing how the bills stack up under 'more' careful management.

I also reckon that the snowball was good in that it will help me focus on paying off high interest items first. ie pay more to them and minimum to 0% transfers.

quote]

That's the genius of The Snowball my friend!

I'm really glad you found it helpful. I think it gives a very easy to understand overview of your / our financial situation and I find it very motivating to try and free up more money in order to pay the debts off faster.

It sounds like you are making real progress my lovely!

Now ideally :rolleyes: debt repayment is a two pronged attack - but if you can't increase what's coming in (by your OH working) then you need an iron grip on what's going out.

Have you looked at all the comparison sites to see if you can get Gas / electric / insurances etc any cheaper?

There are still plenty of 0% and low life of balance transfers out there so it might be worth doing some research to see what you could get, then cautiously applying for just one or two deals.

Reduced interest rate make a huge, massive unimaginable difference to how long you are paying the debts off. (Use the snowball to test some 0% -ers out and be prepared to look like this :eek: )

Our debts didn't start going down in a satisfactorily speedy manner until I got most things on 0% - but it's a different economic climate now though - so take it slow and steady and stop applying for three months if you get turned down.

And definitely get your OH on board completely as fast as you can.

Sorry to bang on - and I mean no disrespect I promise - but there's no use in you sticking your fingers in all the holes in the bucket if she's busily making new holes!

It took my hubby a while to "get with the programme" but it was soooooooooooooo much easier once he did.

It's good news on the bank statement too honey. A definite step in the right direction!

Take care,

Love Jacks xxx