Hypno's approach to life, the universe and debtbusting.....

hypno06

I think I will pay off Egg first - psychologically being able to get rid of them will be fab, plus the total minimum payments for debt will be just £525 per month, which is the lowest they have been since we got into this pickle. That on its own means that we have a chance to balance the books a bit easier, and also takes pressure off should second job work etc dry up.

Then, rightly or wrongly, I am going to pay off the virgin 0% card - partly because it allows me to overpay the odd £5 or so as and when, which always gives me a boost, but also because if I clear that, it would be easier to get the rest of the capital together for the barclayloan and I can balance transfer some to virgin and pay the difference, and maybe at that time could even get (she says optomistically) a low LOB or another 0% card to do the whole lot.

Once the unsecured debt is gone, I have to save up and pay off the secured loan which is about £11000.

However, that is at a low rate as it is linked to my mortgage. I can't overpay it, but I CAN overpay my mortgage, so rather than save up (and risk spending in the meantime) to get rid of the secured loan, I am probably going to overpay the mortgage each month instead. The end result will be the same - ie we owe less on the house than we did at the start, and as we are looking to move eventually, it really doesn't matter whether we have secured loan/mortgage because the overall balance and APR is the same.

Of course, if I get a decent bonus next summer, I can throw it all at the secured loan and try and get it paid off in one lump. If I can do that as well as overpaying the mortgage I will be very happy.

Easy - all I need to do now is find £26000 :rotfl:

hypno06

Honestly, you lot, if you saw the state of my house and garden, you would think I was mad just to even consider living in such a health hazard of an environment

I have to get this house sorted - as an investment - ie to get the best sale price we can when we do come to sell it.......as a home, because we have to live here in the meantime.....and as a necessary part of my emotional and mental wellbeing.

Apart from being cluttered and overgrown, everywhere is looking tired and dated. Rather like its owner!

And of course it is not going to do itself.......:rolleyes:

Yorkielass

Love the 12 month house plan Hypno!

hypno06

Yorkielass wrote: »

Love the 12 month house plan Hypno!

It is the only way I can think of doing it without it seeming too daunting.

becky_rtw

There is no way you look tired and dated missus!!

hypno06

becky_rtw wrote: »

There is no way you look tired and dated missus!!

But I certainly FEEL it!!!

loshypops

just to let you know im lurking lol! hi!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! lol

hypno06

loshypops wrote: »

just to let you know im lurking lol! hi!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! lol

hello!
:hello:

becky_rtw

hypno06 wrote: »

But I certainly FEEL it!!!

Well thats different - but good news is you dont look it :D:D

hypno06

Thanks becky!

I am covered in scratches and nettle stings from my gardening exploits - I have soaked in the bath, but already feel my back protesting at the work done