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A journey of a 1000 miles must begin with single footstep....
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Hello Woo
haven't been on this site for quite a while...will catch up today on your diary. Hope life treating you well.
E"You are never too old to set another goal or to dream a new dream" C. S. Lewis0 -
Have decided concentrating on my o/d is a really bad idea as I can still spend the money!
Am therefore back to focusing on my Lloyds c/c - all the money sent to o/d so far has now been transferred to c/c instead!LBM Aug 09: £18,650.47 - Current: £12,854.93 (£5946.79)
Barclays: £2,928.34 Lloyds: £2,499.60
MBNA: £3,788.99 Overdraft: £1,900.00 Mum: £1,738.00
Surveys: £6.60/£40.000 -
Why not pay off the o/d and then when you clear it down, close it down by that much?Adam's diary - My Debt Diary - The Challenge | LBM May 2010 with £23,343.35 | £16,141.46 to go...
Cleared: £7,369.16 / 30.85% | Current DFD: Oct2012 from Jan2014 | July repaid: £600/£800
Goals: Aug-11 37% | Nov-11 60% | Feb-11 67% | May-12 76% | Aug-12 86% | Dec-12 debt free0 -
that's the only way i cleared my o/draft, i reduced it every time i was able to pay some off it.0
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I know just as much as everyone how hard they are to clear. Still going to be in the reserve - I just can't seem to shift it, however, I know if I could pay bits and bobs off something else (like I will be when the reserve is gone) it would be fine! I think I'm more excited about the reserve going than the rest of it (although when it's all gone that will be AMAZING!)
I agree you either have to focus on the credit cards OR reduce your limit as you pay it off. I would do the card first if that's a higher rate of interest though...Loan - [STRIKE]£6991.95[/STRIKE]£6180.01; Barclays Res - [STRIKE]£600[/STRIKE] £0 - £22 per week :eek:, NWB Grad O/D - [STRIKE]£1185[/STRIKE] £887.86 18.28% SWALEC - [STRIKE]£700[/STRIKE] £0 NPOWER [STRIKE]£220[/STRIKE] £0 Kays - [STRIKE]£591.28[/STRIKE] £0 TOTAL DEBT - [STRIKE]£10,288.23[/STRIKE] £7,000.01 31.96 % Paid off. BS Fund - £1 Savings Fund - £41.17 % Challenge Member 10 -
Am definatley sticking with the c/c. As I am only paying very small amounts off at the moment, I can't ring up and reduce the o/d by say £5 everytime - and if its sitting there I will spend it!LBM Aug 09: £18,650.47 - Current: £12,854.93 (£5946.79)
Barclays: £2,928.34 Lloyds: £2,499.60
MBNA: £3,788.99 Overdraft: £1,900.00 Mum: £1,738.00
Surveys: £6.60/£40.000 -
sounds like the best decision for you Woo which is always what is important0
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I can second the clearing o/d being very hard. I only cleared my £2k o/d because OH paid it off for me and gave me a £2k interest free loan Adam's diary - My Debt Diary - The Challenge | LBM May 2010 with £23,343.35 | £16,141.46 to go...
Cleared: £7,369.16 / 30.85% | Current DFD: Oct2012 from Jan2014 | July repaid: £600/£800
Goals: Aug-11 37% | Nov-11 60% | Feb-11 67% | May-12 76% | Aug-12 86% | Dec-12 debt free0 -
That's what I need, only an £11k interest free loan would be nice LBM Aug 09: £18,650.47 - Current: £12,854.93 (£5946.79)
Barclays: £2,928.34 Lloyds: £2,499.60
MBNA: £3,788.99 Overdraft: £1,900.00 Mum: £1,738.00
Surveys: £6.60/£40.000 -
Tell me about it - if someone could give me £16k interest free, that'd be lovely
Adam's diary - My Debt Diary - The Challenge | LBM May 2010 with £23,343.35 | £16,141.46 to go...
Cleared: £7,369.16 / 30.85% | Current DFD: Oct2012 from Jan2014 | July repaid: £600/£800
Goals: Aug-11 37% | Nov-11 60% | Feb-11 67% | May-12 76% | Aug-12 86% | Dec-12 debt free0
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