Time to get it sorted

Squidge123

I'm 25 on Thursday. 25 and with just over £5000 debt. My bro just asked me what I want for my birthday and I haven't got a clue.

So on Friday when I claim back expenses I'm going to get rid of the £40 debt to a friend and reduce one of the family member debts - from £270 to £250. That will knock £60 off of my debt. Then on payday I will pay some more to the family member and pay off the £110 to the other family member and the loan. That means that in 2 weeks my debt will be reduced by £615 and then some more will be paid on my card and the overdraft. That will make me feel happier about where I am in life.

dell33

Squidge123 wrote: »

I'm 25 on Thursday. 25 and with just over £5000 debt. My bro just asked me what I want for my birthday and I haven't got a clue.

So on Friday when I claim back expenses I'm going to get rid of the £40 debt to a friend and reduce one of the family member debts - from £270 to £250. That will knock £60 off of my debt. Then on payday I will pay some more to the family member and pay off the £110 to the other family member and the loan. That means that in 2 weeks my debt will be reduced by £615 and then some more will be paid on my card and the overdraft. That will make me feel happier about where I am in life.

You said you like books, could you ask your brother for a gift card for a book store.

Well done you are making great headway with you debt figure. Once you have a few months under your belt you will start to see your DFD on the horizon. BTW, best of luck with the Jewellery business.

Squidge123

Thanks Dell.
Thing is if he gets me a gift card for a book store its another lot of books to add to my pile to get reading lol. Although I do like that idea.

I'm aiming to be debt free be 2013! I know that only gives me a year and a bit to be debt free but its a challenge I'll gladly take. In 2 weeks 3 of those debts will be gone from my sig completely. After friday any further expenses I collect (and I'll be collecting 4 lots a month for 3-4 months) will go into a seperate account and will be my car fund. That way I will get some money saved up by March when my tax and mot is due.

Ideally I'd like to be debt free by Xmas 2012 but I can't see that one happening anytime soon lol.

Squidge123

Today is an NSD as I'm off sick from work. Means my expenses won't be as much because I'm missing out on a journey which means that on Friday I won't be paying off as much as I can.

Can anyone recommend any good banks that I can put my expenses into as a car fund?

Hovel_lady

Hope you feel better very soon xx

Not sure about the banks - might be worth asking on the "Savings and investments" board.

Squidge123

Thanks HL. I'm working on catching up with my apprenticeship work at the moment. Didn't realise just how much I have to do! I still need to carry on working on my website. The only problem is finding a site that I like the look of. I have the domain name and I can design my own site. I just need somewhere to host it.

debtfreewannabe321

afternoon squidge

Welcome to diary land and don't worry about posting too much, i post whenever i feel the need...sometimes several times a day sometimes only a few times a week. it's your diary

Good luck with your website, have you done something like this before? I wouldn't even know where to start lol.

I'll subscribe if you don't mind it's nice to have a little company along the way i think (and a little kick up the backside when needed lol)

dfw x

debtfreewannabe321

oooh and i forgot to add, the co-operative bank is very good. I wasn't credit checked for a basic account with debit card

Squidge123

I can design basic sites in HTML. My paid hosting has run out but to be honest with you I'm not making too much money online - I use the site as a word of mouth and do most of my business in person. I might just even move it completely to Facebook and run my business through there.

debtfreewannabe321

I had a (very) small business page on fb last year, I sold sock monkeys lol, but there were no fees or anything and word of mouth spread very quickly so may be a good idea to save you money I know a few friends that have done this too and then opened a website when their businesses had grown big enough x