small steps and a fresh start......my journey starts here

hillside777

Hi MiaowMiaow

It's great to catch up on your posts. It's been difficult to find the time this week with so many joba to do in the evening and children on the laptops.
You are doing well with your challenges.

Sometimes we have these days where we have to spend money we do not have. My debt has decreased this week but will go up again in the next couple of weeks as work needs to be done on bthe car. This is essential as we need the car for work.

Keep up the good work.

keggie

Hi,

re the accounts it will depend on their t&cs. We kept wages being paid into main/old account but then have standing order set up to transfer required minimum into new current account £500 in our case. I have seen that some require min of £1000 though so you'd need to check.

MiaowMiaow

bonnington wrote: »

Hi MiaowMiaow

It's great to catch up on your posts. It's been difficult to find the time this week with so many joba to do in the evening and children on the laptops.
You are doing well with your challenges.

Sometimes we have these days where we have to spend money we do not have. My debt has decreased this week but will go up again in the next couple of weeks as work needs to be done on bthe car. This is essential as we need the car for work.

Keep up the good work.

thanks bonnington , yeh those spending days with me seem to come from no where! xx

MiaowMiaow

keggie wrote: »

Hi,

re the accounts it will depend on their t&cs. We kept wages being paid into main/old account but then have standing order set up to transfer required minimum into new current account £500 in our case. I have seen that some require min of £1000 though so you'd need to check.

thanks keggie - yeh i noticed a lot were £1000 min, £500 would be ideal so ill have a look x

MiaowMiaow

just been searching on the internet for basic bank accounts - found 2 which I have applied online for - they have no overdraft/cheque book which is good. so i will be able to have an account where i have no debt! also don't need to pay in a minimum of any amount each month. ideally i want to have various accounts for different things - bills, pets, car etc..... to try aqnd manage my money more carefully. little steps...............
cannot wait to get rid of some debt just wish i could click my fingers and it would all go away.

also listed 11 items on ebay so at the moment in total i have 13 selling.

also cleaned the house today. tried to cancel my brother off my car insurance yesterday but the call centre had closed so will have to try tomorrow.
xx

keggie

Hi MiaowMiaow

hmmm just wrote a reply to you and it has vanished! Good news re the bank accounts and I'm really impressed with your ebay listings. I felt quite proud at listing an item last week, another today and 2 books on amazon - you put me to shame, I must try harder!

I hope you felt good at clearing your barclaycard balance - think of it as one less debt even if you didn't realise you had it:rotfl:

I agre that it is really frustrating that it takes so long to manage to make another payment when you are motivated and have a plan but I guess our debts took quite a while to accumulate in first place.

How are things at work? Are you still doing ok?

MiaowMiaow

keggie wrote: »

Hi MiaowMiaow

hmmm just wrote a reply to you and it has vanished! Good news re the bank accounts and I'm really impressed with your ebay listings. I felt quite proud at listing an item last week, another today and 2 books on amazon - you put me to shame, I must try harder!

I hope you felt good at clearing your barclaycard balance - think of it as one less debt even if you didn't realise you had it:rotfl:

I agre that it is really frustrating that it takes so long to manage to make another payment when you are motivated and have a plan but I guess our debts took quite a while to accumulate in first place.

How are things at work? Are you still doing ok?

Hi Keggie , yeh really pleased with the accounts. 20 items on ebay now! - so boring listing them though.
work going ok thanks - done 3 mornings so far and back in tomorrow so all in all im ok with things. hows things with you?
on a bad note i appled for a credit card to transfer money into my account to clear my overdraft but got turned down :-( tried another one and got turned down again cant be doing my credit rating any good! oh well ... dribs and drabs will clear it eventually. you are right when you say our debts took a long time to accumulate! at least we want to clear them now:)x

burntfingers_2

MiaowMiaow wrote: »

My current account is who I have a loan with and also overdraft so thought I better open a new account BUT if I do will my current bank ask for the overdraft to be cleared? don't want to get in a worse position.


xx

the first rule of trying to get out of the debt situation and breaking the cycle of the overdraft is to make sure that you have a 'clean' bank account ie one where you don't owe anyone any money. Banks can and do transfer money from one account to another to repay debts ie savings to current account etc.

Technically they can ask for the money back but if you have your wages paid into a different account then you can work out affordable payments to reduce the balance to the old bank account and set up a standing order to do so.

Open a basic bank account if you look on this website it will give you a list of basic bank accounts and the facilities which are are available for each account. www.moneymadeclear.org.uk

Hope this helps

MiaowMiaow

burntfingers wrote: »

the first rule of trying to get out of the debt situation and breaking the cycle of the overdraft is to make sure that you have a 'clean' bank account ie one where you don't owe anyone any money. Banks can and do transfer money from one account to another to repay debts ie savings to current account etc.

Technically they can ask for the money back but if you have your wages paid into a different account then you can work out affordable payments to reduce the balance to the old bank account and set up a standing order to do so.

Open a basic bank account if you look on this website it will give you a list of basic bank accounts and the facilities which are are available for each account. www.moneymadeclear.org.uk

Hope this helps

Thanks:) I have applied for 2 basic bank accounts with no overdraft facility - hopefully one i will use to transfer monthly spends into so i dont overspend and the second one for a little bit of emergency money. xx

MiaowMiaow

Today has been a NSD!!:j