My debt-free dream!

hallsy85

Payday!

What I've done so far today
- £1,000 paid to the parents
- 30 minute call to Three to cancel 1/3 contracts. Final bill comes out 15th July

To Do
- Cancel T-Mobile contract (£150 outstanding)
- Pay rent/bills of £245
- Cut up redundant Capital One credit card

hallsy85

Long time since it's been updated, but finally got around to it!

Since last time
- Paid off T-mobile and Three contract
- Cancelled redundant Capital One credit card
- Cleared Vanquis card (£14), now fully clear with a limit of £1k. Keeping for emergencies
- Cleared off debt to parents
- Saved £3k
- Started process with default owners to see if there's anyway they can be removed - would allow a house purchase earlier!

I've also just made the decision to move into a flat with the girlfriend - saves me £40 a month in train travel, albeit the flat itself is more expensive than our old arrangement (living with 2 housemates). We do get our own space though, and we're frugal with electricity, so bills should be minimal!

I'm also interviewing for a job much closer to home, which would again reduce travel costs - and I'm still aiming to save about £1k a month with the goal of £20k by the end of next year!

beanielou

Great update

hallsy85

Very brief update - now completely debt-free with only 2 outstanding defaults that I'm querying. The rest are due to fall off by July 2015, but are satisfied, so am enquiring with mortgage brokers as to whether I can get a mortgage earlier - needs are changing somewhat with the introduction of a baby in the family!