the maccas Debt Free Diary - 20K to pay in 18 months

chevalier

So glad you managed to convince your OH to not buy the car. It would have depreciated so much if you had bought new.
Well done on keeping on track, and paying for your holiday. I am well impressed by how you have done
chev

themaccas

Thanks for your support. We're getting closer to our spending money target....7 weeks to go, just need to sort out the Nationwide Account. OH opened one but they won't let me be a joint accountholder, I'm really mad about it!!:mad:

themaccas

Just wanted to add that we had now been DFW's for 1 year:T
In 1 year we have:
Stopped arguing over money:beer:
Started saving:T
Started to properly budget:T
Not been to any sales:A
Stopped using the credit cards:j
Booked a holiday:o
Spent less time together as a family whilst we try and earn more money:mad:
Menu planned every week for the last year:A
....And paid off nearly £22,000 off our debts:beer:
Think we'll have a glass of wine tonight to celebrate and cheer on everyone else's achievements here, I couldn't do this without this forum:beer: :beer:

tumbleweed261

Congratulations, 22k and no arguing are fantastic achievements, especially in only a year! I hope you continue to do so well, and enjoy that holiday, I bet it will be the best you've ever had, because you know you won't be coming home to a giant credit card bill. Good work - keep it up!!

lynzpower

WOWWEEEEEEEEEEEEe themaccas!!thats so brilliant :T

themaccas

Oh !!!!!!.
Used my creditcard this week. Added £1356 to our debt,:eek: it was half term and I just went a bit crazy. Feel like I'm back in the debt hole now, I mean....I feel so disappointed, not sure whether to pay it back with our holiday money or pay minimum payments until after we get back.

It's quite scary how quickly it adds up and even scarier knowing how easy it is.:mad:
Bloody hell.

moozie_2

Hello themaccas

Sorry to see you've had a blip! Is there anything you can return to bring the figure down a bit? Would you consider destroying the cards/freezing them in case this happens again?

What's the interest like on it, if any?

You can resolve this - just look at how well you are doing!!!

Take care xx

beanielou

Sorry the macca's about your blip.
As you say its scary how easy it is.
Beginning to think I will never be totally out of debt!!

themaccas

Hi Moozie, it's 15.9%, I think the interest will be around £16 per month if I just pay the minimum payments. The worst of this is that I haven't told my OH yet, I will and I am sure he'll be ok about it, - shocked, but ok. I will try and take some of the stuff back next week and I have cut up the card now - did that in the last few minutes! I am tempted to pay it all back now out of our holiday money as that will hurt and will encourage me to take more stuff back, but it will be punishing OH and the kids too so I'll think about it and discuss it with DH.

tumbleweed261

Sorry to hear about the blip, but don't be too hard on yourself - we're all only human and everybody slips up sometimes. I'm sure you'll be back busting debt right left and centre in no time - and if you look at it objectively that still leaves you having got rid of well over 20k in a year, right? Good luck with your ever-so-slightly increased remaining debt, I've no doubt you'll do absolutely brilliantly with the rest! And enjoy New York - I'm still jealous...