The dream of a 24 year old!

saving2cleardebts

Hello All,

Ive been reading some diaries on here and its inspired mewrite my own!

I have set me and my partner 3 challenges:

1) To become debt free
2) To save for our wedding summer 2012
3) save for a house deposit

Ive had a life long dream to live in/near London, im 24 and love the capitol but more than that my health teams r down there!

Thanks for reading my initial post x

saving2cleardebts

We have started our house fune tonight by opening a barclays e-saver account were ur interest is lower if you make withdrawals .. thats wat my oh needs a punishment for spending! So yay x

saving2cleardebts

Abit of information:

1) We as a couple are in 24k debt of which £13k is mine which includes half of joint debt! My partner has 11k debt i hope i can makes some dents into this debt as soon as possible. We are paying them off as quickly as possibly and this is our main aim.

2) We are saving or our first home that we will own. We want to buy when im 30 which is in 5 years and 4 months, we hope to have around 20,000 by this point.

3) We want to have a wedding without getting into debt which we have a seperate savings account for! We hope to marry in summer 2012 and im hoping to have paid of 4k off the debts by then, we have paid £600 off already since september

Thanks for reading xx

Moneytroubles_2

Hi and welcome to diary land, you have 3 pretty tough challenges but you have come to the right place for support and encouragement we seem to have a bit in common, im nearly 24 (well next year!) with 21 grand of debt (between me and oh) we were due to get married last month but cancelled due to finances! so I hope to set a new date within the next few years but nothing set in stone yet! have you set a date yet xxx

saving2cleardebts

Hello,

Thanks for posting Moneytroubles. I have set a huge task for us but i know we can do it just have to put our minds to it! Im sorry you had to cancek your wedding, i was due to get married Feb this year but unfortunatly my mum passed away and i was mentally ready to marry without my mum by my side i was a complete reck as she brough me up single handed with a heart condition, until my step dad came into our life when i was 8 then my mum had my brother!

As for setting a date not yet we are aiming for 2012 and want a summer wedding because i also have rhmertoid artheritis and winter doesnt do good things to me as i get into a lot of pain!

Anyway maybe we can support each other on the ride to our dreams

Moneytroubles_2

Hi hun, sorry to hear about your mum, i cant begin to imagine how you must feel! You prob did the right thing tho postponing the wedding!

So whats the plan for debt busting, you joined any challenges or anything xxx

saving2cleardebts

Hello,

Ive not joined any challenges yet but we already have our own version of "sealed pot" which i started when we moved back to the area to support my mum which is nearly full! I pay any spare money we have to debts as have online banks to them all so can easily make a payment and also i have managed tp get all interest frozen and make regular monthly payments to! We are already down to 23400 so thats a positive start

Im going to make a plan tommorrow and ive just found a link to the SOA so im going to see what that does!

saving2cleardebts

Hello,

I have a sealed pot that i started in July 2009 when we moved into our rented bungalow. We were in a rented house but had to move because i was finding the stairs to much for me! Anyway its nearly full we have been putting everything from 1ps, 2ps, 5ps, 10ps and 20ps!

I am looking for some new challenges so if anyone can suggest one please do!

Taylo_2

Hey, thought I would stop by and say hello, good to see you and your partner taking steps towards your goals. I think the popular and easy to get addicted to challenges are things like the sealed pot and the payment a day challenges, means you are always thinking about the small amounts that will eventually add up to the bigger figures! I also do this thing called the itemiser, but that is in its infancy right now!

Good luck!

saving2cleardebts

Thank you for posting Taylo! I think your right by doings things tht are miminal it soon adds up, my mum always said if you look after the pennies the pounds will look after you!

I have just luked at my spreadsheet and we have paid off 2 debts in full and we will pay off another by the end of the month ..

Target pay off 2 debt by December 31st 2009 total of £50


oo i found 5 old mobiles today so im going to luk into recycling them for some extra ££ yay xx

babes21

Good luck x