One Day Debt Free

laura237

As the title suggests i dream about being debt free one day. A little bit about myself im 24 and have debts of about £14,000, will get definate figure soon. Most of this is car finance but i would like to save up to be able to pay this off in one lump sum as this includes negative equity in my last car :mad: At 18 i got quite a few credit cards, this is down to 2 but 6 years later is annoying.

Last October i got refused a mortgage, was such a shock as i thought i had a good credit score not even giving a second thought to having too much credit at about £18,000. Thats when i got hooked on MSE. After reading other peoples diarys for some months i thought it would be a good idea to start one mysel :rotfl:

Aspiration

Think it really helps to keep you focused, i've only just started mine but definitely a great tool to keep focused! Welcome and good luck and sure you'll do great in beating your debt!

laura237

Hehe so new to this i posted my thread without even finishing my rant


My aims for April

• 10 NSD i have started late but will try my hardest to meet this
• keep up with VSP, im up to £104 but have been slacking the past few weeks.

Over all my aims for 2010 are

• Pay credit cards off and NO MORE CREDIT EVER
• Save for a 10% deposit of about £15,000

I need to start a spending diary but will find this hard if OH isn't onboard as he spends more during the week than me. I will also keep an eye on our grocery spends too. Tomorrow i will post my plans for next week, that way i have to stick to them

mel19632

Hi Laura - good luck! I'll be subscribing to your diary to see how you get on!
I'm 24 too, and we had massive debts, but they are nearly gone. It won't be too long before you are debt free too. I see you have already paid off £1500 this year. keep up the good work! x

laura237

Morning, thanks everyone

Urgh had the worst sleep last night, too busy thinking about MSE haha

So done a quick calculation debt now stands at £13,432. At LBM £15,024 although had been alot worse than this. I will work out a debt free date with the snowball calculator but if i dont repay my car finance this still has 40 months :mad: stupid car, somthimes feel like just getting rid of it but it is already a downgrade from the last one that i just couldn't afford.





My week will start from Friday as i get paid weekly, aims for this week

• [STRIKE]withdraw £30 to last the week, what ever isnt spend will go towards holiday spending money. Dont know how likely it will be not to spend £30 but i will try. I am also going to record where each penny has been spent.[/STRIKE] £2.99 left, quite pleased with myself
• [STRIKE]List more items on E-Bay, re-listed 9 last night but must find more. Didn't list any, only sold 2 so will put everything on amazon[/STRIKE]
• Take a dress back so thats £30 to go into savings Doing at weekend
• [STRIKE]Do a small grocery shop on Sunday for dinners during the week[/STRIKE]
• [STRIKE]Try to have 3-4 NSD. When at work this is pretty easy Has 3, so not too bad[/STRIKE]
• Have been paid £70 that i was owed so that will be transfered to savings too, hmmm or to pay it off a CC. I'll have to have a think about that one

Happy Friday :rotfl:

Hope to have a nice cheap weekend

laura237

So according to SOA i should have £400 surplus to throw at the CC. This just doesnt happen. Think i need to start a spending diary. I will check march bank statement and probably find most on there. I rarely have cash always use cards maybe this is where im going wrong.

LeeSouthEast

Good luck Laura! I've subscribed to your diary. From someone who has travelled your road, it's worth the journey!

laura237

Friday night in is just the worst but very money saving as i could easly spend £40 in 3hours. My spends for today are

• £2.60 on dinner

So thats £27.40 left for the week. I still need to buy milk and the challenge is not to buy anything else from the garage, just dont know if this is possible but will try.

laura237

Wow its so nice out there, was a bit chilly at 7 this morning. I decided to go to bootcamp this morning. It was free at it was the first time but 7.30am isn't ideal. It was great though, cant believe how unfit i am. Was probably the youngest there but definetly the unfitest. I dont really want to loose weight just tone up for a holiday in July, ok maybe just a few lbs

Milk cost me £1 last night so thats £26.40 left. OH will probably eat up most of that.

Sausages are defrosting for sausage casserole tonight

Now time to enjoy the sunshine and do some gardening

REDMADCURLS

Good Luck Laura!

laura237

Dont you just love monday mornings Cant believe how quick the weekend flys over, legs are still sore from bootcamp on Saturday!!

First NSD on Sunday woohoo
Done shopping on saturday and came to £45, £5 under budget and should last a couple of weeks apart from needing fresh stuff.

Spends for the weekend
£8 on a bonsai tree, hope it lasts longer than the orchid
£5.91 OH football and cigarettes

Still need to list more items on e-bay and take the dress back.