Day 1, the start of becoming DEBT FREE

Money_Fritter

Hi,

Good luck on your journey. This site is great and is full of useful tips and pointers. Have you done a statement of affairs, in order to see if you can cut back on outgoings and stuff.

The 2nd job sounds a good idea, I could do with one myself.

As for extra money, you can do the following:-

1) Mystery shopping
2) Surveys
3) Scratchcards
4) Matched betting
5) Cashback sites. You can get daily clicks from cashback sites, which are small amounts of money for clicking through to sites, but you can normally do them everyday. Also you can get cashback on insurance and all sorts.

Hope that helps

Take care and I will drop in and keep up to date with your diary/blog

Money Fritter

debtfreeitseasy

Thanks for the tips, I have done a few things to day, I have a great tip on saving money you will love.

debtfreeitseasy

It is now day two of my quest to become debt free, as I have already shown in the last post I have a large debt of £27,894.94. As I sat down in work today, I though to myself, there are only two ways to go, in debt or out of debt, so it is rather obvious both can be done.
The Wine Bottle Experience
Here was another one of my wild ideas to save money, which today has worked as I have saved £40. Here is how you do it.
Step 1 – Buy a cheap bottle of wine worth around £2 at the most which is rather large
Step 2 – Empty the bottle by drinking the content or throwing it away
Step 3 – Clean out the empty bottle
Step 4 – Any spare notes you have, shove them down the neck of the wine bottle. Its now impossible to get the money out without smashing the glass
These steps are ridiculous, but I am trying to outline how EASY it is to start saving. One thing I will say about putting money in the bottle is, you will lose interest if it’s not in the bank, but to be honest, if it is in the bank, I would spend it.
So that’s £40 to take away from my debt, which my creditor’s are giving me time and have stalled my payments for 2 months to help me pay my way out of this mess.
Jam Making
Today, after messing around with the wine bottle, I decided to make some Jam, there are plenty of old people and young families on my estate, so I thought to myself… Why not bottle up the Jam and sell it? Which is what I did, after driving down to a glass supplier, which gave me bottles for 10p each, I began making my Jam and knocked from door to door for 2 hours taking orders for the jam. I managed to make £60, which went straight into my wine glass.
That’s all i have done today, but its made me £100 less in debt, so here is the sum so far £27,894.94 – £40 – £60 = £27,794.94 Left to pay.

edinburgher

That's the sort of wheeling and dealing common sense that will help you beat the debts!

I'm subscribing to this thread - who knows, I may be able to recycle some of your ideas.

Watch out for splinters :eek:

debtfreeitseasy

Great I welcome everyone to subscribe to the thread. I will have a new post tomorrow.

I work to live, not live to work, but without work I cannot live.

So where do I stand

debtfreeitseasy

Day 3 of becoming debt free - petrol costs too much!

I noticed a while back that my new car was costing a lot on fuel, so today I put some plans into action and here they are:

• Cruise Control – My car is fitted with cruise control, but I have never ever used it, but then again, why am I not using it? It saves on fuel as it keeps the revs steady. I drive along a freeway all the way to work and anything over 20mph can be set to cruise control.
• Cleaning my car- My car was full of junk, so I removed all unwanted items/junk and threw them to one side, the heavier my car, the more petrol it needs to move it forward.
• Tank Overfill- I have always added that extra bit of petrol into my tank, meaning the tank is overfull, making the car heavy and reducing performance, a little research I did today advised to only fill the car to 3/4 full, this will allow for greater performance and also will help contribute to cutting down on the weight of my vehicle.

I have also managed to put another £10 in spare change into my bottle today and also received a lovely cheque from the tax office, which they owed me £650 for mistakes with my tax.
So that’s £27,794.94 – £10 – £650 = £27134.94 left to go of my debt.

ben787

How come you didn't get a student loan? It seems that your debt was mostly accumulated whilst at uni so over a 3 year course around £20k of your debt would be in the form of a cheap student loan....

edinburgher

Cruise Control – My car is fitted with cruise control, but I have never ever used it, but then again, why am I not using it? It saves on fuel as it keeps the revs steady. I drive along a freeway all the way to work and anything over 20mph can be set to cruise control.

So I'm assuming you're American? Not many freeways in the UK!

debtfreeitseasy

I didnt want a student loan as I didnt want to have to pay it back when I earnt over £15,000

No I wrote freeway as I wasnt sure if Americans who where reading it would understand

debtfreeitseasy

Day 3 of becoming debt free - Petrol costs too much.

I noticed a while back that my new car was costing a lot on fuel, so today I put some plans into action and here they are:

• Cruise Control – My car is fitted with cruise control, but I have never ever used it, but then again, why am I not using it? It saves on fuel as it keeps the revs steady. I drive along a freeway all the way to work and anything over 20mph can be set to cruise control.
• Cleaning my car- My car was full of junk, so I removed all unwanted items/junk and threw them to one side, the heavier my car, the more petrol it needs to move it forward.
• Tank Overfill- I have always added that extra bit of petrol into my tank, meaning the tank is overfull, making the car heavy and reducing performance, a little research I did today advised to only fill the car to 3/4 full, this will allow for greater performance and also will help contribute to cutting down on the weight of my vehicle.

I have also managed to put another £10 in spare change into my bottle today and also received a lovely cheque from the tax office, which they owed me £650 for mistakes with my tax.
So that’s £27,794.94 – £10 – £650 = £27134.94 left to go of my debt.