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Cakeys debt free diary. Day 1, OH's wardrobe :)
Comments
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dad's are great aren't they!0
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well done you and what a lovely dad. It's nice to have some guilt free money for the wedding fund!Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/250 -
i know he is so lovely!! he gave the same to my sister when she got married
i know i have a lot of debt, but in the last year i have paid off £10k and saved for the wedding. i guess people could say it all should go on debt, but i have always overpaid minimum payments and never defaulted, so i don't feel as bad STARTING BALANCE JAN 09 £47,400
Debt left 24th December 2010 - 13611!!!!!:j
Update may 2013 - debt left £8000
Update oct 2014 - £25000 -
you've done exactly what i did in the year before my wedding, paid off a lot and saved for the wedding, so you'll never hear me saying you're doing wrong.0
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Lemon_Tree wrote: »you've done exactly what i did in the year before my wedding, paid off a lot and saved for the wedding, so you'll never hear me saying you're doing wrong.
Thank you! it can be done, we are proof STARTING BALANCE JAN 09 £47,400
Debt left 24th December 2010 - 13611!!!!!:j
Update may 2013 - debt left £8000
Update oct 2014 - £25000 -
Its not for others to say you are wrong - you have to make your own decisions and stand by them. I set up an emergency fund last year - which we've had to live on this year - some people would say I should have just paid it off debt and just dramatically cut back our standard of living... I think they would be wrong.... I am still happy with the amount I have paid off and we survived nearly 6 months of me being unemployed!Lemon_Tree wrote: »you've done exactly what i did in the year before my wedding, paid off a lot and saved for the wedding, so you'll never hear me saying you're doing wrong.
My sis just got married mse style - her OH has debts but she felt she could only address HIS debts once they were officially together. She's had to keep their banking separate unfortunately for now...Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/250 -
feeling rather deflated today.. though i was doing so well on the money front, then Bam!! my kitty has got sick and had a vet bill for £60, plus OH forgot to mention his car needed an MOT, so thats another £69!! sooo frustrating. wish my OH would take a little more responsibilty on the financial side.STARTING BALANCE JAN 09 £47,400
Debt left 24th December 2010 - 13611!!!!!:j
Update may 2013 - debt left £8000
Update oct 2014 - £25000 -
I'd be upset too! I was upset the other day - as I got a CC bill for OH for £250 which I wasn't expecting - although I did with hindsight know about £190 of itAchieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/250 -
i cant stay mad at him, just wish he would get out of the mentality of buy now pay later. he knew about his mOT, but didn't think to say to me that it was coming up so i could have budgeted. i now have another dilema. i have cleared 2 cards. they are now offering my 0%. Do i transfer his barclaycard onto them for the 0%. i just don't know if i want so much credit in my name. especially when he hasn't shown me he can be responsible with it .. what to what to doSTARTING BALANCE JAN 09 £47,400
Debt left 24th December 2010 - 13611!!!!!:j
Update may 2013 - debt left £8000
Update oct 2014 - £25000 -
well, haven't posted in a while, so thought id give an update. We haven't used a CC since i started my thread back in October. Since October we have paid off £12,039!!!!!!!!!!!!!!! whoop whoo! averaging now around 700/800 a month.
updating my signiture now with this months pay offs. Plus Xmas was paid with money saved and we still have a little to see us through Jan 4 months to the wedding too Happy new year to everyone too STARTING BALANCE JAN 09 £47,400
Debt left 24th December 2010 - 13611!!!!!:j
Update may 2013 - debt left £8000
Update oct 2014 - £25000
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