This time I have to clear the debt...by Tigz

Take 2... I had spent half an hour typing out a post and the bloomin thing timed me out!! I've lost it all, so here goes again....

I had my 1st LBM back in Feb 07, inspired by IA I started a diary and faced upto to my debts rather then keep my head buried in the sand.

My old diary is here if anyone wants to take a look

http://forums.moneysavingexpert.com/showthread.html?t=373873

I've recently been inspired again to start tackling what I owe by Benbenandme(my hero), Snaggles, Millyscarlet and Dinah.

When I was doing well last time it was due to keeping my diary, without it I've been very bad and probably have more debt than I did 2 years ago!!

Ok my debts are

HSBC old loan/Acc = £3162 (was £4260 when I first started, but I had bank charges refunded and I've been making payments)
HSBC old CC = £825 (was £1377)
NPower= £194.68
Old CT from last house = £206.80
Catalogue = £86.94
EON = £104 (os bill from last house)
CC = £2,639.66 :o

I think that's it..... hope so anyway!

The 2 HSBC debts are subject to CCJ's which are due off in 2010 & 2011 and have no interest, a DCA collects £20 from me every 2 weeks.

Npower- nothing in place, really need to sort this out.

Old CT - I'm paying £100 tomorrow when I get paid.

Catalogue - interest free, paying £15 pm

EON still with them, am paying an extra £14 pm to clear this, EON quoted £58pm for gas/elec for my new flat so paying £72 pm. Am confident £58 will be more than enough to pay for gas/elec so I may even end up in credit in 3 months.

CC- this needs sorting ASAP, I currently pay the min payment which is around £60 of which £40 is interest :mad: I cannot get another card so no chance of getting an interest free deal.

From Sept my OH is moving in so the household bills will be halved so I will have more to throw at the debt. Until then I need to pay what I can.
"Nobody made a greater mistake than he who did nothing because he could only do a little." Edmund Burke
«134567

Replies

  • Just wanted to pop in and say good luck ;). I'm also hoping that keeping a diary will mean that I stay in track.

    LPW x
    Baby on board - EDD 29th Sept
  • tigzemtigzem Forumite
    2.4K Posts
    My wages are £670 pm, my monthly outgoings are as follows

    Rent £350
    CT £74.70
    Gas/Elec £72
    Water £27.36
    Car ins £27.13
    Catalogue £15.00
    House Ins £10.60
    Life Ins £6.84
    Mobile £20
    Virgin £25
    CC £60
    DCA £40

    Total - £728.63

    I also get £170 pw from CTC/WTC/CB which pays £100 pw nursery fees leaving £80 pw for food/petrol and paying the difference in my monthly outgoings. At the moment I don't have anything spare to save for car servicing/MOTs/car tax etc..

    Sometimes my nursery fees are lower as I get 15 hours credited but my nursery doesn't seem to be consisitent with giving it to us, last month my nursery bill was almost £500 and I'm hoping this month it will be down to £200 taking the hours into account so I may have more spare this month.

    So I think I need some challenges and lots of kicks up the butt to tighten the spending and bust the debt!

    I am going to aim to have NSD's, plan my meals, think before I spend and anything else I can think of....

    Oh and this month we're going away on a sun holiday so money is going to be tight... but I'm determined to clear a chunk of it by Sept.

    Any suggestions or ideas for a challenge?
    "Nobody made a greater mistake than he who did nothing because he could only do a little." Edmund Burke
  • benbenandmebenbenandme Forumite
    11.9K Posts
    Part of the Furniture 10,000 Posts Combo Breaker Photogenic
    Forumite
    Yay well done you for starting a new diary :j :j I have no doubt you'll sort it, you have a beautiful dd and a lovely new place to live ;):D The total figure may look scary but the breakdown you put above does make it look as if you've got most of it under control :T :T Good luck on the journey hun, you know where I am if ever you want a cheap day out :D
    Mortgage Total: £59,549 / £75,000 2023 Savings Pot: £271
  • benbenandmebenbenandme Forumite
    11.9K Posts
    Part of the Furniture 10,000 Posts Combo Breaker Photogenic
    Forumite
    Do you do any survey sites Tigz or scratchcards? I know they take a while to build up sometimes but they're an easy way of getting a few pennies for no initial outlay :D
    Mortgage Total: £59,549 / £75,000 2023 Savings Pot: £271
  • tigzemtigzem Forumite
    2.4K Posts
    Do you do any survey sites Tigz or scratchcards? I know they take a while to build up sometimes but they're an easy way of getting a few pennies for no initial outlay :D

    Just signed up to a scratchcard ... won 20p and withdrew my £10 straightaway, it did credit me £10 to play with but I didn't understand it all and got scared :o so will stick to the plan!

    So that's 20p already... thanks BB x
    "Nobody made a greater mistake than he who did nothing because he could only do a little." Edmund Burke
  • whatatwitwhatatwit Forumite
    5.4K Posts
    Hi Tigz, happy shiney new diary :D

    Good start with the scratchies, it takes time to build up, but every little helps.
    Official DFW Nerd Club - Member no: 203.
  • tigzemtigzem Forumite
    2.4K Posts
    Morning, 10p on the scratchcards this morning. And it's pay day... yay!!
    Just checked my bank and I've been paid an extra £118 :D no idea why so will need to check my pay slip when I get it. WTC/CB paid in too. My rent has been paid, so has EON and my contents insurance. Will work it all out properly later on.

    Least I can pay £100 off the old CT without having to find it from somewhere.

    Have a good day everyone x
    "Nobody made a greater mistake than he who did nothing because he could only do a little." Edmund Burke
  • pixiechick99pixiechick99 Forumite
    3.7K Posts
    Part of the Furniture 1,000 Posts Combo Breaker
    Forumite
    Morning Tigz....how fab, a new diary!!

    (And thank you for mentioning me as a bit of your inspiration....:o)

    You sound like you're pretty organised and ready to crack on with it all....lots of luck....I'll be back;):D
    I really need to sort out a new signature!
  • doodledo_2doodledo_2 Forumite
    4.7K Posts
    Morning, just seen your new diary and thought I would pop in and say good luck :D
    Proud to be dealing with my debts - DFW No: 712

    03/09/09 - DEBT FREE AT LAST :D
    Racing Hypno to Save - £10/£5000
  • edited 29 April 2009 at 6:36PM
    tigzemtigzem Forumite
    2.4K Posts
    edited 29 April 2009 at 6:36PM
    I haven't worked out why my wages were up by £118, my payslip showed a pension refund, but no idea why??? Our pay dept is a nightmare, they log the query then call you back days later....

    10p on the scratchcards today :D

    OH isn't over tonight so I've got Wentworth Miller keeping me company!!

    Had my May invoice from Nursery today and they've not credited me with the government funding allowance which I was expecting so need to query that with them 2moro.

    I also need to call the council as I've had a letter saying my rent is in arrears but they've been paid?

    Cooked risotto for dinner tonight, was yum and filling, and cheap :cool:

    HSBC old loan/Acc = £3162 (was £4260 when I first started, but I had bank charges refunded and I've been making payments)
    HSBC old CC = £825 (was £1377)
    NPower= £194.68
    Old CT from last house = £206.80 now £103.89
    Catalogue = £86.94
    EON = £104 (os bill from last house) now £90
    CC = £2,639.66 :o

    I need to work out what money I have left and pay some bills, I haven't paid the old CT yet..... will do that 2moro.
    "Nobody made a greater mistake than he who did nothing because he could only do a little." Edmund Burke
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