It will be GONE !!! Part Two

Herewego

A quick update on where we have come from, I lost my job at the end of 2009 and shortly after I had my LBM as it suddenly struck me we could cover minimum payments but we would not be able to live if I didn’t get a job straight away. I was lucky and started work in January 2010 however I have moved job twice and hopefully I am settled for the moment at least until the debt is paid.
So we are starting 2011 with a debt of £32980 this is across 5 credit cards £10,000 is currently on 0% so this is one area I will be working on as we clear the debt. My aim is to be debt free on 30th December 2011 as this will be DH payday. I am still not confident that we can achieve this but I will do my best.
We have paid off 34% of our debt this year and I am going to try and get this to 50% by March 2011
I am planning on clearing my Tesco CC with January Pay, the balance outstanding is £970 but I hope to make a little extra along the way to reduce this before the end of January.
The next card to be cleared will be more obvious when the statements arrive early January, the changes on how payments are split should show be shown more clearly and I have 2 cards which have some debt on 0% and some interest bearing.

2011 PLANS

v I am going to try and pay at least £2200 a month but to clear the debt I would need to make payments of £2750 per month and that doesn’t include any interest.
v Transfer anything left in the account the day before we get paid
v Round my bank account to the nearest £5 each Friday and put in the savings account to help with any shortfall
v Reduce the OD by £50 a month to provide a safety net
v Complete as many surveys as possible (made over £100 M&S in 2010 great xmas presents)
v Sell anything that doesn’t move on ebay and Amazon
v Possibly find a part time job a few evenings a week(needs investigating)

Couldn’t think of a better title so thought I would stick with the old one –Part Two
Happy New Year to everyone lets hope its a good one for debt busting

REDMADCURLS

Oh I am delighted to be your first poster on Part Two - wishing you all the luck of the (non-spending) Irish xx

Why would we shout about booking a holiday, you are so very focused on debt busting, I think its the very least you owe yourself.

LOL being nosey now - what did he buy for 'only' £140?

Puzzcat

Happy new year Herewego, I've been following your fantastic progress through 2010 and I'm sure you'll be where you want to be by the end of 2011.

Puzz. x

Herewego

Thanks for dropping in im so excited about this coming year I have a good feeling about it.

The £140 well as far as I tell its a couple of tops but he tried to change the subject several times when I asked, its not like he didnt have a huge pile of xmas presents and a birthday coming in February obviously this years debt busting journey had no impact on him maybe I need to shout a little louder LOL

weeclick

good luck - will follow your progress with interest - bring on 2011

ecoelle

Subscribed! So is your old thread not in use anymore?

Think i may take your lead and add new targets to my diary. Off to think carefully what are realistic goals to reach by this time next year.

taxi73

Happy new diary ..it's a great idea to take n holiday

lucielle

Happy, shiny new diary. Always lurked on the old one, so will try to post more.
L

REDMADCURLS

HWG

Hoping 2011 brings you further 0% deals, a great holiday, fabulous ebay sales and a extra £10k, and of course lots of love xx

Polly_Wolly_Doodle

Ohhh new diary, i'll be subscribing :j

Yes i think 2011 is going to be a GREAT year for you and i think having a holiday to break up the frugal living is perfect.
As you say your DS is at the right age to still want to go and have fun with you so better to make the most of that lifestage!

HAPPY HOGMANAY - you have no idea how much your diary has helped me and i'm sure many many others - you're a STAR!!:beer:

PWD xx

Woowoo

Hi HWG

You most definitely deserve a holiday and like you said DS is growing up so you need to make the most of it now whilst he still wants to go away with you, so no feeling guilty!

You have been an amazing inspiration to me throughout 2010 and I look forward to following your progress during 2011 x