My First Diary

smsfrancis

Once again... not been on here in a long while!!

It is now the 11th July 2012.

I was a bit sad to see that my signature was showing debts not much higher than my current situation, 2-3 years on. That's a poor show!

I have had to move a lot, and in the rental game that means a lot of stupid fees for nothing much at all. Wasted money on furniture. Wasted money actually paying rent. Wasted everything really.

I also upgraded my motorcycle 2 years ago. I have a new car but it is 18 years old and only cost £400.

Anyway, I came back on here as I spent today organising my debts into a repayment schedule. It works out at just £400 a month and ends in Oct' 14. (signature is new and updated by the way)

My plan is to sell the motorbike for roughly £2500. Get back about £200 insurance on it too.

That would obviously take me down to about £8.5k debt over night and bring forward my DFW date.

My other investigations today were looking at replacing my car with a newer, more efficient car. Having done the maths, selling my bike and the old car and getting a nice Fiesta or Smart Car would leave me about £200-£250 a month better off.

Which again would bring forward the date...

Only problem with that is that I don't have £2k sat around for a newish car...