Max's Debt Free Diary.........

MoneyMax

burntfingers wrote: »

MoneyMax wrote: »

Do you mean use what we were paying monthly to start on the next debt? I never though of it like that, thank you :beer:
Your welcome

So if your paying say £100.00 to a credit card with a high rate of interest then once that is cleared, because you are used to paying that amount you then transfer that payment onto another debt plus the original payment that you were paying so £100 + £5.00 = £105.00 and work your way through the list. :T

Hope this makes sense.

Perfect Sense!!!

Flee_2

Hi MoneyMax,

Thanks for visiting my diary. I just spotted yours and thought I would welcome you.
Sounds like you have a big amount of debt to shift and I wish you all the best. You have a positive attitude to it
Does your amount include a mortgage or is it all unsecured debt?
BF is right you need to tackle the highest rate first and then work your way down. I am almost at the point of paying off my first card and then paying off the second one next year. It takes ages but will be worth it in the end.

Good luck and I have subscribed to your post to see you achieve your target.

MoneyMax

Flee wrote: »

Hi MoneyMax,

Thanks for visiting my diary. I just spotted yours and thought I would welcome you.
Sounds like you have a big amount of debt to shift and I wish you all the best. You have a positive attitude to it
Does your amount include a mortgage or is it all unsecured debt?
BF is right you need to tackle the highest rate first and then work your way down. I am almost at the point of paying off my first card and then paying off the second one next year. It takes ages but will be worth it in the end.

Good luck and I have subscribed to your post to see you achieve your target.

This is all technically unsecured debt! We have a mortgage each and were both have equity in the properties, currently going through the courts process to get respective ex partners to agree to having no interest in the properties (ongoing). In the future we are going to release some equity from each property to pay off the biggest debt to OH's brother...see below. xx

Hi, thanks for stopping by . The ammount is £20k of my debt and the rest is my OH's. £5.5k of my debt is from putting a new section of roof on my rented out house and paying of my IVA full and final settlement, the rest is a joint bank loan secured onto my mortgage left over from a previous relationship, a loan I didnt want and didnt see much benefit from.

£30k of my OH's debt is to his brother who helped him out massively when he was getting custody of his son. £12k of solicitors fees for custody case, debts and CC's his ex ran up then transferred to his name shortly before they split (she cheated on him). And cost of living for when she wouldnt let him live in the house he was paying for, he had to rent somewhere close by to be near his son.

I could get Peed off and rant all day about how unfair it all is but ive got alot more to be thankful of than to be peed off about!!!

Thanks for following me on our mega journey to debtfreedom, it sounds like such a lovely place to be xxx

Ill follow you too xx

MoneyMax

Just checked my Ebay sales, everything ends this evening and is all getting bids apart from my riding boots, but 4 watching and the are only £10!!

We will deffo make that Burton Card non existant next month!!! :T

No what else can I sell...........................

chevalier

Welcome to the boards I hope that you keep your positivity and continue to push on through

good luck with the court cases
chev

burntfingers_2

I tried to sell my riding boots on ebay and ended up taking them off in the end as I got no bids, so hopefully you will get a last minute bid on them especially when they cost so much new!!

Will have to make note to self to list ebay stuff.....lol

Have a good day

bfxx

MoneyMax

God yeah, riding gear costs a fortune!! Luckily I exercise other peoples horses for them now, all the fun and no responsibility or SPENDING! I used to spend £200 a month on my old horse:eek:

burntfingers_2

Like the idea, all the pleasure and none of the expense....:)

rockstar44

Hi MoneyMax I thought i'd check in & have a look at your diary! You're doing really well! I'm impressed!
What I'm finding hard is trying to find a balance between paying off the debt & just 'living life'! My boyfriend is keen to go on holiday (he has no debts & has even cleared his mortgage) and while I could afford to go, it will mean not paying so much towards the debt and I don't want to lose my momentum! On the other hand lifes too short! Arrrh it's a difficult one!

MoneyMax

rockstar44 wrote: »

Hi MoneyMax I thought i'd check in & have a look at your diary! You're doing really well! I'm impressed!
What I'm finding hard is trying to find a balance between paying off the debt & just 'living life'! My boyfriend is keen to go on holiday (he has no debts & has even cleared his mortgage) and while I could afford to go, it will mean not paying so much towards the debt and I don't want to lose my momentum! On the other hand lifes too short! Arrrh it's a difficult one!

Hey Rock Star thanks for popping by xx

It is a tough one, but they way we look at it is yes we want to be debt free but not to the detriment of our happiness and wellbeing. You could be debt free but get hit by a car tomorrow or be struck down with som godawful illness.

The balance is not to cut out everything completely but to be frugal, my new key word! My new rule is that i never buy anything, eat out, have a day out or have a holiday unless there is some kind of discount/voucher code etc....carry on with your life but just do it in a different way!!

Maybe you boyfriend could treat you to the holiday and you get some cash together for spending money??? Whatever happens talk to him and explain what your trying to do and maybe you can go bargin holiday hunting?? There are planty of last minute bargains o be had xx

We owe ALOT of money, we know that and were working towards paying it off. But we also want to have a baby next year and debt will not stop us having our life . Our rules are keep paying off debts, dont take on any more debt and live within our means!!

Good luck :beer:
xx

Hope this helps and doesnt sound like a load of old rubbish!! ha ha