Abba1772's Debt Free Diary

abba1772

hi everyone

New on here not new to debt was married for 10 years and we seperated so i took any debt that was in my name and he took his debt

By OMG what a mess got my credit card statement in and it was for £6000 and this was may last year but i've ploughed extra money into this credit card every month and i'm thrilled to say that in 16 months i am just above the £3000 mark

Debts June 2009
Capital One Card £6000
BOS CC £1700
Car Finance This finished in August 2012 @ £124 a month fixed payments
DFS Couch This finishes 2013 @55.63 a month fixed payments


Debts October 2010
Capital One Card £3245.39 Paying £200 a month into this
BOS CC £1559.81 Paying minimum payment of £34


I have cancelled my Capital One Card so just paying the balance off interest is roughly £50 a month but last year is was over £80 a month so saving £30 already

Also do not have my PIN number of the BOS Card either so haven't spent on wither card since June 2009

My plan is to concentrate on the Capital One Card and if i continue paying £200 a month i will have this cleared in 18 months so it'll be paid off in April 2012 but my aim is to have it paid off before xmas next year!!!!

The the BOS card will be paid off using the excess £200 plus the £34 it'll only take me 7 month to pay that off which by that time i'll only have paid the final instalment of my little car so i'll have £360 a month spare so will whack that into my couch.

well it's a plan and so far i've stuck to it for a year and feel good esp when my ex husband complaining he's up to his eyeballs on debt when he went on a spending spree and bought a 10 grand car :eek:

My kids are 8 and 4 and they are even getting into the frugal life my daughter heads to the sale rail of any clothes shop or the reduced counter at supermarkets and she loves getting bargain

sorry to waffle on lol

abba1772

no debt payments for today i'm afraid not feeling good and can't be bothered tbh

got some stuff selling on facebook mainly ladies and kids clothes going to have a clearout of the kids computer games and games consoles that they hardly play with x

any money made will be going towards the xmas fund x

abba1772

made £5 selling a top on preloved.com :j but £2 of that went on postage but every little helps lol

means i don't have to go digging away in my bank lol

no debt payments for me will be paying £34 towards my BOS by DD at the end of the month then on the 2nd i will be putting £200 into my capital once account x

with xmas coming up i'll be putting whatever extra money i have into my xmas fund, refuse to pay full price for anything tbh so spending less than anticipated x

abba1772

No posted on here for a while

well :j i've managed my first target of getting my credit card under the 3K mark :T:T:T to think it was £6000 last June x

i'm so chuffed so i'm determined that this credit card will be paid off this time next year i can't wait

i keep thinking by 2012 i'll be debt free its amazing x x x x

abba1772

£2,898.31

thats what my big credit card is reading at the moment you can't imagine the big smile i have on my face just seeing that amount yes i know it's still alot of month but it was over £6000 in June 2009 so i'm so chuffed with myself

soooooooo determined to get this debt paid off in Dec 2011 so 12 month to knuckle down.

choogirl

Hi Abba1772

I love your name, Abba are one of my favourite bands, they bring back childhood memories.

You've done so well reducing your debt I'm hoping to halve mine as well by June 2011. I'm going to subscribe to your diary.

Good luck x

abba1772

Hi Choogirl thanks for having a read, My user name is my daughters nickname she's called abbie but I call her Abba lol you should see the funny looks i get out the street when i shout her name lol. Just looking at your signature well done on paying that amount off in a couple of months.

I'm glad I've found this place it makes me more determined to get debt free.

Well phoned vodaphone who I have a contract with for a laptop and dongle and internet but haven't used internet since July when I got broadband installed so got my early resettlement figure and it's £122.28........need to wait til next month to pay off tho as i have double council tax due to me working and the council mucking things up for me as well as my car tax at the end of next month so i've promised myself that if i have any money at then end of January i will be paying off my vodaphone account off and that'll be another £30 to go into my credit card :T

choogirl

Hi Abba1772

Happy New Years Eve!

These boards are inspirational, I was so fed up and depressed when I added my balances up but then I found this website and whilst it is still a bad situation it also made me realise that I am not the only one dealing with debt.

Good luck with paying off your remaining balances x

brummiebabe

Hi Abba

It sounds like you've done really well over the last year or so - I'm sure you'll reach your goal this year!!! I'm Hoping to clear mine by the end of 2011 too - we have a similar amount of debt so I'll keep up with how you're getting on!!

Happy new year

BB x

abba1772

Hi brummiebabe....it's funny how your saying we're similar as i'm also on a weight loss thingy this year need to shift a stone for the summer lol so we could always encourage one another lol

nothing on the debt front just now, just back from my grans spent new years eve and day there altho i did have to work new years day i know i know but it pays the bills x

hope you've all had a nice new year and didn't suffer from any hangovers lol

bikerfrenzy

Well done and keep it up..I'm nearly under the 3k too and I also had to work new year, It'll be worth it when we are debt free.