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Russell's 'New Leaf' Spend Less, Make Money, Pay off Debts Diary

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  • Herewego
    Herewego Posts: 2,541 Forumite
    Im not sure I could spend silly at the moment and I tend to argue with myself everytime i need to buy something
    MARCH 2016 DEBT £25750/ £25035
    EST DFD JAN 2021 (that needs to change)
    NOW JAN 2019 (that still needs to change)
  • rustysmart
    rustysmart Posts: 313 Forumite
    Debt-free and Proud!
    Yesterday something amazing happened! My scheduled share purchase took place and for the first time EVER they ended the day in positive territory (up 82p) - this included the purchase fee, so in fact my shares rose by over £2 yesterday! Like I said, never happened before that they got into the green so quickly.

    Not too much else to report. I have received by statement for my new Virgin account which I am happy with.

    Tomorrow I am out on the town on a much needed night out after a stressful week at work. Won't spend too much, but will be well worth it!
    Light Bulb 13/09/09: £15,061.37 Debts at their highest:
    CC Debt:     £4387.73 Loans: £8524.62 Overdraft(s): £2149.02
    Debt Free Date: 23/03/11 ! :T
    My Debt Diary DFW Nerd #1269
  • rustysmart
    rustysmart Posts: 313 Forumite
    Debt-free and Proud!
    Well, I've just made another lump payment to my credit card of £500 meaning my total credit card debt is now just over £1500. This is an amazing achievement based on the fact that it has halved in just two months. I even went back to previous worksheets on my spreadsheet and found that this time last year my credit card debt was around £3700.

    So, through laziness (and paying off other priorities), I had only paid off £700 in 10 months, but have now paid off £1500 in two months!

    Whilst looking at my old debt, I was also pleased to see the following on the spreadsheet:

    Overdrafts: £2087
    Credit Cards:£3724
    Loans: £5932

    A lot can happen in a year!!

    (It's also quite funny to see how the spreadsheet developed too - I have colours and pictures now!! ;) )
    Light Bulb 13/09/09: £15,061.37 Debts at their highest:
    CC Debt:     £4387.73 Loans: £8524.62 Overdraft(s): £2149.02
    Debt Free Date: 23/03/11 ! :T
    My Debt Diary DFW Nerd #1269
  • rustysmart
    rustysmart Posts: 313 Forumite
    Debt-free and Proud!
    Crikey, nearly three weeks since my last update!

    I've been off work ill this week so not much spending taking place ;)

    Preparing my spreadsheet for next month as it's payday this time next week. The great news is that my savings/accounts will be greater than my debt - woop woop!! Not sure I can class myself as 'debt free', but I will no longer have a net worth in the red.

    More updates to follow, but need to take a headache tablet!!
    Light Bulb 13/09/09: £15,061.37 Debts at their highest:
    CC Debt:     £4387.73 Loans: £8524.62 Overdraft(s): £2149.02
    Debt Free Date: 23/03/11 ! :T
    My Debt Diary DFW Nerd #1269
  • rustysmart
    rustysmart Posts: 313 Forumite
    Debt-free and Proud!
    Further to my update earlier (before I had to rush off with this stupid cold!), next month looks like the first month my savings and/or accounts will have more money in them compared to what I owe - in this case, one credit card. Such a great feeling - I know it's not my 'Debt Free Date' but it certainly feels like it.

    In other news, my shares account that I set up just over six months ago and slowly building is only 2.75% down. I know that's a loss and you are probably reading this thinking "you idiot" however a couple of months ago it was a 13% loss, so let's just hope it keeps growing.

    In other other news (!), my FTSE ISA (which is only a month old) is £2.12 up - and yes I know, it can go up as well as down, but such an early gain is a great feeling.

    May not be able to post again before payday, so have a good week!
    Light Bulb 13/09/09: £15,061.37 Debts at their highest:
    CC Debt:     £4387.73 Loans: £8524.62 Overdraft(s): £2149.02
    Debt Free Date: 23/03/11 ! :T
    My Debt Diary DFW Nerd #1269
  • rustysmart
    rustysmart Posts: 313 Forumite
    Debt-free and Proud!
    Just paid off another lump sum off my credit card - total debt on my card is now £1250, signature update to follow next week when it's PAYDAY!!
    Light Bulb 13/09/09: £15,061.37 Debts at their highest:
    CC Debt:     £4387.73 Loans: £8524.62 Overdraft(s): £2149.02
    Debt Free Date: 23/03/11 ! :T
    My Debt Diary DFW Nerd #1269
  • rustysmart
    rustysmart Posts: 313 Forumite
    Debt-free and Proud!
    Don't you just love renewing your home insurance?! Got a quote through today from my current insurer saying my premium will be going up £10 a month. A quick uSwitch/moneysupermarket search and I find I can actually reduce my premium by almost that much each month. Phone call to current provider and they are 'seeing what they can do' - updates to follow, but I have a feeling their re-quote will be considerably less second time around ;)
    Light Bulb 13/09/09: £15,061.37 Debts at their highest:
    CC Debt:     £4387.73 Loans: £8524.62 Overdraft(s): £2149.02
    Debt Free Date: 23/03/11 ! :T
    My Debt Diary DFW Nerd #1269
  • rustysmart
    rustysmart Posts: 313 Forumite
    Debt-free and Proud!
    What a surprise - my current insurer has rung back to say they can cover me with the same premiums for the same price as I was paying last year, where did the £10 extra disappear to I wonder?!

    Still going to shop around, but at least I have a more realistic option this quote around!
    Light Bulb 13/09/09: £15,061.37 Debts at their highest:
    CC Debt:     £4387.73 Loans: £8524.62 Overdraft(s): £2149.02
    Debt Free Date: 23/03/11 ! :T
    My Debt Diary DFW Nerd #1269
  • rustysmart
    rustysmart Posts: 313 Forumite
    Debt-free and Proud!
    PAYDAY TOMORROW!!! Yay :)

    Spent the weekend building up my own iPhone package which I have started to put into action today. Rather than opt for a simple iPhone upgrade going straight through a provider, I have opted to buy the iPhone, sell mine (recycled of course!), upgrade tariff - or should I say downgrade?! There's a bit of Quidco in there somewhere too!! Basically, without boring anyone who is reading this it means that I have got a brand new iPhone 4 on the way and paying less a month than what I currently pay - I'm happy, even if I have gone about it in an odd way!

    New signature tomorrow following pay day!
    Light Bulb 13/09/09: £15,061.37 Debts at their highest:
    CC Debt:     £4387.73 Loans: £8524.62 Overdraft(s): £2149.02
    Debt Free Date: 23/03/11 ! :T
    My Debt Diary DFW Nerd #1269
  • rustysmart
    rustysmart Posts: 313 Forumite
    Debt-free and Proud!
    Oops! Appear to have made a balls up with my calculations and still £200 in debt - so so close, but still so far!

    Not the best month for reducing the debt, but I have treated myself to a shiny new iPhone - maybe my priorities have changed, double oops!!

    More to follow.
    Light Bulb 13/09/09: £15,061.37 Debts at their highest:
    CC Debt:     £4387.73 Loans: £8524.62 Overdraft(s): £2149.02
    Debt Free Date: 23/03/11 ! :T
    My Debt Diary DFW Nerd #1269
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