MFW in 5 years

ixwood

Paying for things on a 0% card, just so you can make overpayments isn't a good way of doing things IMHO.

How are you going to pay back the money? Can you get repayments back?

The conventional way of using 0% deals is stoozing. You collect interest (or don't pay it if you have an offset mortgage) on the money you've got for 0%.

Spending it instead could cause problems down the line.

chirpchirp

Golfiematt, sorry things aren't looking so good today but take a look at all the progress you have made so far. Life has a horrible way of getting in the way of mortgage repayments or other things we want to do. If you don't make a payment this month, does it really matter? Think how far you have come and look at it as a minor setback. If you remain thrifty you could pay off that credit card and still have room for a small overpayment the month after.

Take care and chin up!

golfiematt

thanks for the good advice, sometimes its hard to put things into perspective.hopefully thats it for my bad luck this year and i will try my best not to touch the c/c, its nice knowing im not on my own on this journey

golfiematt

managed to O.P £500 again this month:j. my credit card is still there but im worrying about that next year with 12 months 0% i want to finish this year on a high. I was hoping someone may have a spreadsheet/ a formula to work out how many months ive knocked off my term or the estimated repayment date, this would help no end in motivating me to O.P.

bungrefurb

Hi Golfiematt just read your diary and wishing you lots of luck on your quest

setmefree2

golfiematt wrote: »

managed to O.P £500 again this month:j

well done on that :T:T

golfiematt

its a tough month this month as ive 2 exams at the end of the month. We are still short from the car and christmas presents but im determined to find that last big o.p. for the year.thanks for everyones continued support, ive learned a lot from this forum and will continue until i reach my goal!

setmefree2

golfiematt wrote: »

its a tough month this month as ive 2 exams at the end of the month.

with that :T

pammyj74

well done on your big OPs, you are doing fab and good luck with your exams, just think of the end goal when you pass and get a better job.
Hope your little one settled in at school ok and your OH loves doing less hours
Did you find out about tax credits? I am sure there is something you can claim?
It does get like an addiction to overpay each month so I know where you are coming from there.

good luck x

golfiematt

thanks for the encouragement :j
yeah i looked into tax credits and we are getting £20 a week towards after school club thansk for the advice, it all helps .my little one is loving school and my o.h. loves spending more time with him so its good from that point of view. work to live not live to work we say!!:rotfl:
Ive only got untill june to complete the course (hopefully) so there is light at the end of the tunnel!Tuesdays & thursdays im starting 7.30 am and only getting in at 9.30pm because of night school so its hard but it will be worth it:D