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My Debt-Free-Wannabe Diary
Comments
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I got my first pay cheque with my new salary on today, which gives me £2250.70 a month after tax, NI, pension and student loan. Taking off £914.67 (this used to be 50% of my salary before my payrise, so I'll leave it as it was for now) for bills, food (£200) and spending money and petrol (£714.67) this leaves me with £1336.03 a month to clear debt with.
I ran this through the snowball calculator and it told me that I would be debt free in October 2007 if I only used this to pay off my debt. In reality, with a bonus in March, all my ebay sales, quidco and matched betting, I could be debt free sooner than that even!
Target Debt Free Date: August 2007
Yippee :j :j :jLBM: Nov 2004 Debt Apr06: £19,273.46 (Highest)
Debt 2006: Jul:£18,552.06|Aug:£17,615.14|Sep:£16,297.98|Oct:£15,961|Nov:£15,760.66|Dec:£13,204.37
Debt 2007: Jan:£13,183.71|Feb:£13,851.03|Mar:£13,349.15|April:£12,997.33 | May: £12,300.00 | June: £12,000 | July: £9,894.44 |Aug:£0
Debt Free Date: 31 August 2007
The £2 Coin Savers Club = £72
Reclaiming my bank charges - £105 reclaimed
My Diary: http://forums.moneysavingexpert.com/showthread.html?t=2305610 -
Thia is brilliant news, well done!!!A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
Mortgage Balance = £0
"Do what others won't early in life so you can do what others can't later in life"0 -
Hi all,
I'm back from holiday, where I spent far too much (obviously) but it was great fun and I am much more relaxed but a bit disconnected from my numbers/progress debt-wise.
So I'm playing catch up!
Good news is that while I was away I had my direct debits for Capital One and Egg come out so my new totals are:
Debt Totals
Egg: £6562.18
Capital One: £1951.64
Lloyds: £1946.28
Amex: £5837.88
Total: £16,297.98LBM: Nov 2004 Debt Apr06: £19,273.46 (Highest)
Debt 2006: Jul:£18,552.06|Aug:£17,615.14|Sep:£16,297.98|Oct:£15,961|Nov:£15,760.66|Dec:£13,204.37
Debt 2007: Jan:£13,183.71|Feb:£13,851.03|Mar:£13,349.15|April:£12,997.33 | May: £12,300.00 | June: £12,000 | July: £9,894.44 |Aug:£0
Debt Free Date: 31 August 2007
The £2 Coin Savers Club = £72
Reclaiming my bank charges - £105 reclaimed
My Diary: http://forums.moneysavingexpert.com/showthread.html?t=2305610 -
Two weeks of spending to detail:
Spending Diary (11/9 to 17/9):beer: FOUR NO SPEND DAYS:beer:
Business Expenses £30ish (already refunded)
Going out: £71.05
Lunches at work (1): £2.50
Currency Exchanged: £200
Postage (ebay): £5.74
Gift (for xmas): £45
Total: £324.29
Spending Diary (18/9 to 24/9)
Bus to airport: £6.60
Gin at airport: £19.99
Hire car: £116 (Quidco cashback about £16) and £20 late collection fee (plane late :mad:) = £120
Guide Book: £14.99
Total: £161.58
So going to have a couple of low spend weeks I think!LBM: Nov 2004 Debt Apr06: £19,273.46 (Highest)
Debt 2006: Jul:£18,552.06|Aug:£17,615.14|Sep:£16,297.98|Oct:£15,961|Nov:£15,760.66|Dec:£13,204.37
Debt 2007: Jan:£13,183.71|Feb:£13,851.03|Mar:£13,349.15|April:£12,997.33 | May: £12,300.00 | June: £12,000 | July: £9,894.44 |Aug:£0
Debt Free Date: 31 August 2007
The £2 Coin Savers Club = £72
Reclaiming my bank charges - £105 reclaimed
My Diary: http://forums.moneysavingexpert.com/showthread.html?t=2305610 -
Sold lots of things on ebay so just transferred £68.56 from PayPal to my bank account! Will go straight to Capital One when it hits.
Quite a few things didn't sell so I will relist them in the hope that I have better luck this time.
DDDKLBM: Nov 2004 Debt Apr06: £19,273.46 (Highest)
Debt 2006: Jul:£18,552.06|Aug:£17,615.14|Sep:£16,297.98|Oct:£15,961|Nov:£15,760.66|Dec:£13,204.37
Debt 2007: Jan:£13,183.71|Feb:£13,851.03|Mar:£13,349.15|April:£12,997.33 | May: £12,300.00 | June: £12,000 | July: £9,894.44 |Aug:£0
Debt Free Date: 31 August 2007
The £2 Coin Savers Club = £72
Reclaiming my bank charges - £105 reclaimed
My Diary: http://forums.moneysavingexpert.com/showthread.html?t=2305610 -
I still haven't made my mind up about this card. It would be quite useful I suppose and there is no harm in applying - if I get it then I can use it to my advantage but if I get refused, then I just carry on as before.
Right. That's it.
I'll apply NOW.LBM: Nov 2004 Debt Apr06: £19,273.46 (Highest)
Debt 2006: Jul:£18,552.06|Aug:£17,615.14|Sep:£16,297.98|Oct:£15,961|Nov:£15,760.66|Dec:£13,204.37
Debt 2007: Jan:£13,183.71|Feb:£13,851.03|Mar:£13,349.15|April:£12,997.33 | May: £12,300.00 | June: £12,000 | July: £9,894.44 |Aug:£0
Debt Free Date: 31 August 2007
The £2 Coin Savers Club = £72
Reclaiming my bank charges - £105 reclaimed
My Diary: http://forums.moneysavingexpert.com/showthread.html?t=2305610 -
hey dont do debt deff looks like you have it all under control...now if only i could find that control button for myself0
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DontDoDebtKids wrote:I still haven't made my mind up about this card. It would be quite useful I suppose and there is no harm in applying - if I get it then I can use it to my advantage but if I get refused, then I just carry on as before.
Right. That's it.
I'll apply NOW.
Done :money:
They'll "get back to my in 48 hours"
Fingers crossed!LBM: Nov 2004 Debt Apr06: £19,273.46 (Highest)
Debt 2006: Jul:£18,552.06|Aug:£17,615.14|Sep:£16,297.98|Oct:£15,961|Nov:£15,760.66|Dec:£13,204.37
Debt 2007: Jan:£13,183.71|Feb:£13,851.03|Mar:£13,349.15|April:£12,997.33 | May: £12,300.00 | June: £12,000 | July: £9,894.44 |Aug:£0
Debt Free Date: 31 August 2007
The £2 Coin Savers Club = £72
Reclaiming my bank charges - £105 reclaimed
My Diary: http://forums.moneysavingexpert.com/showthread.html?t=2305610 -
You sound so organised - I'm very inspired! Thanks, and keep us posted!Overpay!0
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Yet again, these clowns haven't taken my direct debit and are trying to charge me interest. After what turned out to be a fairly heated exchange, the CS rep said she would refund the interest (again!) and the direct debit would be taken for the full (two months) amount next month...:mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad:
...goes off to scream into a pillow!!!LBM: Nov 2004 Debt Apr06: £19,273.46 (Highest)
Debt 2006: Jul:£18,552.06|Aug:£17,615.14|Sep:£16,297.98|Oct:£15,961|Nov:£15,760.66|Dec:£13,204.37
Debt 2007: Jan:£13,183.71|Feb:£13,851.03|Mar:£13,349.15|April:£12,997.33 | May: £12,300.00 | June: £12,000 | July: £9,894.44 |Aug:£0
Debt Free Date: 31 August 2007
The £2 Coin Savers Club = £72
Reclaiming my bank charges - £105 reclaimed
My Diary: http://forums.moneysavingexpert.com/showthread.html?t=2305610
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