A Payment A Day Part 4

Double_Trouble

A lot of people seem to be finding it a bit tight at the moment myself included we just need to hang on and wait for better times I think - at least whilst we are posting we are not giving up.- that's my bit of philosophy for the day - going back into the corner now

DTxx

Paulgonnabedebtfree

Double_Trouble wrote: »

A lot of people seem to be finding it a bit tight at the moment myself included we just need to hang on and wait for better times I think - at least whilst we are posting we are not giving up.- that's my bit of philosophy for the day - going back into the corner now

DTxx

What has really done me is Abbey reducing my overdraft facility by £1,100 at a time shortly before I have a tax bill due and a few weeks before I go on holiday (nothing elaborate but self employed don't get paid holidays). In the longer term it will probably be good for me but I would have appreciated itr a bit more if they could have phased it in more gradually. Ideally, I could have done with it left at its current level for another year. In spite of le crunch, I was a little surprised at the reduction because one on the figures they use when setting overdrafts is how much is being paid into the account each month. Over the past year or two, that figure is higher than it's ever been - by some margin.

Double_Trouble

Paulgonnabedebtfree wrote: »

What has really done me is Abbey reducing my overdraft facility by £1,100 at a time shortly before I have a tax bill due and a few weeks before I go on holiday (nothing elaborate but self employed don't get paid holidays). In the longer term it will probably be good for me but I would have appreciated itr a bit more if they could have phased it in more gradually. Ideally, I could have done with it left at its current level for another year. In spite of le crunch, I was a little surprised at the reduction because one on the figures they use when setting overdrafts is how much is being paid into the account each month. Over the past year or two, that figure is higher than it's ever been - by some margin.

You don't expect banks to use common sense and logical rules do you?

I know what you mean about the tax bill and holiday same here I need to get my accounts done this week because of our 15K pay cut I am hoping the tax bill will be reduced for end July but need to get a move on to get the figures sorted a job for Monday but I am vegging out at the moment I will finish clearing the office later though - promise to self :rolleyes:

I am sure it is only a temporary hiccup Paul and in the long term you will probably see it as a good thing something like this gives you a shove in the right direction:rolleyes: I thinkyou are doing really well :T

DTxx

Silaqui

Well done Sarah for 'cracking' egg! Bet thats a load off.

Thanks for the support Andy. I think the problem I'm having is that I keep my budget so tight that when something unexpected comes up like the car stuff I've had, there is simply none left for pads! Plus I have TAKE THAT in 6 DAYS!!!!!!:j I still have £100 in my bank that I saved especially for that

MMMM Macgirl I could just eat a nice tub of luxury ice cream... my favourite ben and jerrys at the minute is Caramel Chew Chew, beautiful. Must resist tho as I managed to go swimming through the tiredness of
getting 4 hours sleep and swim for 40 minutes solid (well almost).

Might go and have a bit of a nap now though as I'm shattered!

x

kezlou

Hi all just had a my cc bill and i have been a default notice and my card has suspended. Looked at the statement and they have charged me four times for interest in one bill period and then put a default notice on it for not paying the interest. Well i'm fuming to say the least. :mad:

So my pad for today is £46

Paulgonnabedebtfree

Double_Trouble wrote: »

You don't expect banks to use common sense and logical rules do you?

I know what you mean about the tax bill and holiday same here I need to get my accounts done this week because of our 15K pay cut I am hoping the tax bill will be reduced for end July but need to get a move on to get the figures sorted a job for Monday but I am vegging out at the moment I will finish clearing the office later though - promise to self :rolleyes:

I am sure it is only a temporary hiccup Paul and in the long term you will probably see it as a good thing something like this gives you a shove in the right direction:rolleyes: I thinkyou are doing really well :T

DTxx

Thanks for the heads up DT.
I have to remember that this is all relative.
In recent years, I have manage the odd month when my debt has reduced - not that I had ever bothered keeping an accurate record of it all. It just looked a ghastly mess that I was unable to face up to.
This forum gave me the courage to list all my debts on a spreadsheet and adjust the totals as appropriate - a brief increase in debt when a CC bill comes in (interest) and a reduction when a payment gets made. Until late last year, I didn't even know how much I owed. Even when I first calculated it, initially I totally overlooked one of the CCs of about 2 grand. If I had made a guess at how much I owed, I would have estimated it about 5 - 7 grand less than the actual amount.
Now, I know how much I owe to the last penny piece. Sometimes I wish I didn't but the first step in dealing with debt is to know how much it is, who is owed what, and how much interest each lender is charging. I will pay something every single day - even if it means doing a couple of months paying a penny a day. It might not get myy debt down by much but at least it will pee off the lenders .

This is the first time for some years that my debt level has reduced month on month.
Having said all that, there is nothing wrong with an occasional treat. Therefore, I have booked two tickets to take a friend and myself to the cinema this evening to watch the new Star Trek film. As things are tight in my current account, I have used the low limit credit card. This is the one from which I pay my internet file storage and my piggyback phone provider. It is also the one which charges no interest if I clear it each month. So two interest free cinema tickets with about 35 days left until I have to pay the next bill. I think that, apart from chocolate, this is the first real treat I've allowed myself for a while. It's a pity they don't still have the old cinema around here as I used to bunk in as a kid. Bit embarrasing being caught doing that as an adult though.

I still have my target of being free from unsecured debt by the time the London Olympics starts. That is a very stiff target but I do need targets - even if I ultimately need to revise them.

nikki02_2

:hello:everyone,

I hope your wknd isn't as soggy as mine! It's bucketing down up here, and I'm stuck indoors tearing my hair out with 2 kiddies (:headachesmiley:)!!

padded £25 to the scabbey card today. I MUST MUST MUST step up a gear and put some things on ebay. I've been meaning to do it for ages, but have been too lazy

sarah, well done on your divorce from the Egg card :T

abra_cadabra

£2.75 for me today - rounding down the account

Our weather seems to be ok here for now, same as last saturday. Dad cut the grass on Sunday and then it battered down and hadn't stopped since :rolleyes: So I'm hoping we have a slightly dryer week *fingers crossed*

Double_Trouble

Paulgonnabedebtfree wrote: »

Thanks for the heads up DT.
I have to remember that this is all relative.
In recent years, I have manage the odd month when my debt has reduced - not that I had ever bothered keeping an accurate record of it all. It just looked a ghastly mess that I was unable to face up to.
This forum gave me the courage to list all my debts on a spreadsheet and adjust the totals as appropriate - a brief increase in debt when a CC bill comes in (interest) and a reduction when a payment gets made. Until late last year, I didn't even know how much I owed. Even when I first calculated it, initially I totally overlooked one of the CCs of about 2 grand. If I had made a guess at how much I owed, I would have estimated it about 5 - 7 grand less than the actual amount.
Now, I know how much I owe to the last penny piece. Sometimes I wish I didn't but the first step in dealing with debt is to know how much it is, who is owed what, and how much interest each lender is charging. I will pay something every single day - even if it means doing a couple of months paying a penny a day. It might not get myy debt down by much but at least it will pee off the lenders .

This is the first time for some years that my debt level has reduced month on month.
Having said all that, there is nothing wrong with an occasional treat. Therefore, I have booked two tickets to take a friend and myself to the cinema this evening to watch the new Star Trek film. As things are tight in my current account, I have used the low limit credit card. This is the one from which I pay my internet file storage and my piggyback phone provider. It is also the one which charges no interest if I clear it each month. So two interest free cinema tickets with about 35 days left until I have to pay the next bill. I think that, apart from chocolate, this is the first real treat I've allowed myself for a while. It's a pity they don't still have the old cinema around here as I used to bunk in as a kid. Bit embarrasing being caught doing that as an adult though.

I still have my target of being free from unsecured debt by the time the London Olympics starts. That is a very stiff target but I do need targets - even if I ultimately need to revise them.

Sounds like a good sensible balanced attitude to me.

Hope you enjoy the film I hear it is fab.

Like the target date - it is good to have something specific to aim for

DTxx

Paulgonnabedebtfree

Double_Trouble wrote: »

Sounds like a good sensible balanced attitude to me.

Hope you enjoy the film I hear it is fab.

Like the target date - it is good to have something specific to aim for

DTxx

Just noticed your sig DT. Have I read that right in that you have paid about 22 grand off your debts in the last year?