A wedding & 15k worth of debt - Aiming for a Debt Free Married life!

savingholmes

sounds like you are really motivated on the ebay front - well done... I need to do some of that too!

spykey_uk

Thanks savingholmes! Yes I am feeling quite motivated. It sounds weird but it is actually making me feel better because my house is starting to look nicer as well. I am slowly but surely getting rid of the piles of junk! :rotfl:

So, my internet passwords are now here, and I have my paypal connected to my overdraft, so I have made my first payment off the debt today! £25 down off my overdraft.

I also had an email from Green Metropolis today to say that I've sold one of my books already! :j I only listed them yesterday lunchtime so I'm really chuffed with that! That's another £3 for the overdraft, I feel like I'm on a bit of a roll here!

I've got about eight items due to finish tomorrow on ebay so hopefully that will make a few more pennies as well. I went over to my mum and dad's last night as well and my dad gave me a handful of coppers (he knows I collect them so always gives them to me), and a filled up loyalty card for Cafe Nero, meaning that I can get myself a free coffee at lunch after I post my parcels! Bless he's so lovely! :A

Well better get on with work I suppose, I'm sure I'll be back on later to update again though! x

yukkibear

Well done on making your first payment. It's great to see the totals changing in't it.
Enjoy the coffee

Lemon_Tree

sounds like you're on a roll, keep up the good work. Is green metropolis easy to list books on? i've got quite a few that i need to sell and never really get around to doing anything with them cept for almost giving them away at carboots.

spykey_uk

Thanks girls! Yes, its really easy, you just put in the ISBN and that's about it. You can only get a set price of £3 per book (for heavier ones you can add a bit for postage) but this wasn't really an issue for me as some of my books were quite a bit older anyway! x

spykey_uk

Ok, I've been brave and done my SOA! : -

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1287
Partners monthly income after tax....... 1400
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2687
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 775
Management charge (leasehold property).. 0
Council tax............................. 110
Electricity............................. 28
Gas..................................... 48
Oil..................................... 0
Water rates............................. 10
Telephone (land line)................... 0
Mobile phone............................ 35
TV Licence.............................. 10
Satellite/Cable TV...................... 50 I know this is high but it is phone, internet and sky - and we're cancelling the sports package so that will bring it down a bit
Internet Services....................... 0
Groceries etc. ......................... 80
Clothing................................ 0
Petrol/diesel........................... 45
Road tax................................ 0
Car Insurance........................... 32
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 5 I didn't know how much to put on this as we paid in one lump sum in November (think it was about £30?)
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 0
Entertainment........................... 50
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1317

Assets
Cash.................................... 0 We have savings but they're for the wedding and I want to keep them separate from paying off the debts so that I know whatever happens we can get married! :j
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 2000
Other assets............................ 0
Total Assets............................ 2000

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Natwest Overdraft..............902.......0.........19.4
Abbey Credit Card..............2900......50........0
Halifax Credit Card............600.......15........0
Credit Cards (OH)..............4000......60........0 Estimate
Natwest Loan (OH's)............3000......140.......10 Estimate
Natwest Loan (mine)............3300......157.......8
Total unsecured debts..........14702.....422.......-

Monthly Budget Summary
Total monthly income.................... 2,687
Expenses (including HP & secured debts). 1,317
Available for debt repayments........... 1,370
Monthly UNsecured debt repayments....... 422
Amount left after debt repayments....... 948
Personal Balance Sheet Summary
Total assets (things you own)........... 2,000
Total HP & Secured debt................. -0
Total Unsecured debt.................... -14,702
Net Assets.............................. -12,702

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

spykey_uk

Well this afternoon I transferred £7 from my current account towards my debts, and then I got home and had a cheque for £30 from Globaltestthemarket for the surveys I've been doing.

First thing tomorrow that will be paid into my overdraft, so that's £52 down already! :j

Lots more ebay items finishing tomorrow so hopefully that will be another chunk off!

Going to have another listing session tonight if I get the time. Today was a LSD, only spent around £8 towards postage for the ebay items (which I've already had the money for).

Here's to another good day tomorrow! x

spykey_uk

Well I managed to list three more items on ebay last night, not as many as I wanted but they were "higher value" items (a leather jacket, a designer handbag and a Monsoon dress with tags) so hopefully it is better than lots of cheaper items :j

I am off to pay my £30 cheque in at lunchtime, and can't wait to start seeing that overdraft come down. I've got about eight items finishing on ebay today as well, so hopefully they will bring it down a bit more. :T

Feeling really positive today, just like that Passat advert (if anyone's not seen it: http://www.youtube.com/watch?v=qW1JFvvlMgk ) :rotfl:

So come on people, turn that frown upside down! x

yukkibear

Well done, keep up the positive attitude and that debt will disappear in no time.

spykey_uk

Thanks Yukkibear, I'm feeling really glad that I faced up to the debts and started this diary. It definitely focuses me knowing that I have to come on here and confess my sins! :rotfl: x