Finally reaching out for some help...

psychopathbabble

I'd pay off the OD and cancel it down to say £100 so you still have a cushion for unexpected items. If you don't feel you can resist spending it, open another bank account... that is what I had to do, so I could treat it as real debt in my head.

Cherryjack

Soooo happy for you )) !!!

hp48910

Hey, great to catch up again and fab news!! Just a thought....If you are saving money to pay off your O/D, can't you just weigh that money off the O/D each month instead of setting it aside? Or have I misunderstood completely:o:o

kerri_dfw

psychopathbabble wrote: »

I'd pay off the OD and cancel it down to say £100 so you still have a cushion for unexpected items. If you don't feel you can resist spending it, open another bank account... that is what I had to do, so I could treat it as real debt in my head.

I think I might have to go down the new bank account route so I can treat it like real debt. With my new job I could quickly rack up expenses (hotels, flights, petrol) and have to wait 2 weeks to get the money paid back to me, so a £600 buffer would cover me for that until I have it saved.

Cherryjack wrote: »

Soooo happy for you )) !!!

Thanks Cherry

hp48910 wrote: »

Hey, great to catch up again and fab news!! Just a thought....If you are saving money to pay off your O/D, can't you just weigh that money off the O/D each month instead of setting it aside? Or have I misunderstood completely:o:o

Thanks HP. I'm not sure I quite understand what you mean by "weight it off". My plan was to budget how much I'm allowed to spend for each budget, put say £200 into savings then when I have £600 in savings remove the OD completely. That'll mean I'm actually £600 in credit, but I'd have that buffer whilst I'm getting into that situation.

I think it makes sense in my head, I've just been for a voddie and lemonade with dinner so a little confuddled. Basically, put £600 into bank account, don't spend it, save up £600 in savings, then delete OD so I always have minimum £600 buffer. I would normally reduce the OD each month by how much I've got in savings, but they charge you £25 each time you want to do that.

Oh and you lot have to keep me on track for not spending the buffer money

danetastic

Wondered where you were I MISSED you G lad all ok and well done Great that you have a plan too. All that driving will make you shattered Rest well

kerri_dfw

Thanks Danetastic aww it's lovely to be missed, I will post more I promise.
I've just had a hhuuuuggeee LBM with my c/c... no idea why I didn't think of it before tbh... when I buy something with the c/c I need to log onto my online whatsit and pay it off straight away. To gain a better credit rating I'll still use the c/c, but paying it straight away will stop the £500/month hit from the pay packet. Although having a limit of £500 to spend each month wouldn't be a bad thing either.

kerri_dfw

*points at signature*
I did it c/c paid, although they would only let me pay £485 not the full amount for some reason. Oh and I've also counted my OD as paid now I need to keep remembering that I have £600 less in my account than I think I do. So now to tackle lloyds OD I might be able to clear that one this month, depending on when new job pays me. That'll be 4 creditors gone within one week....awesome!!!

kerri_dfw

Well to celebrate paying off 3 creditors in as many days, I've ordered a refurb e-reader from the rainforest. I used £55 rainforest voucher from last job leaving present, £5 voucher from SB. I remembered to go through Nectar as well *claps*. This means I've got a £149 e-reader for £19.99 yay. I love reading and it'll encourage me to read more, as it'll just be there instead in my handbag of having to lug round heavy books.

I think we do need to reward ourselves when we reach milestones, and paying off 3 creditors is definitely a massive milestone for me. This time last year I had my head in the sand and would have just bought it outright, or on credit. How I've changed

debtfreewannabe321

kerri!

wow you've been all go since i last popped in congrats on getting rid of creditors! what a great feeling!!

i would get a new bank account with either no overdraft or just a buffer of £50-£100. that way you won't get into more debt

And I totally agree we all need a little treat every now and then to keep us motivated xx

kerri_dfw

Thanks DFW

I'm going to go to natwest or co-op next time I have some free time and setup a new basic account. I can't get anything better than that because of my poor credit history, but at least it will keep me in check with how much money I have remaining.

I've just ordered loads of peripherals for work, keyboard, mouse, 1TB hard drive, docking station...all for use at home to stop me getting RSI and all for free as expensed through work with my work laptop that makes a nice little setup and no need to buy anew laptop anytime soon

MSEmoment of the day was taking the Blackwell tunnel instead of the dartford crossing, saving myself £1.50 and driving along saying out loud "don't think about the tonnes of water that could fall through at any momen, the tunnel will hold, ahhhhh you're under the water....quick where's daylight, phew I'm out of there". As turns out I have panic attacks in large tunnels that go under rivers and oceans eep

Ereader will be arriving tomorrow and I can reduce my mobile phone tariff ad new work mobile should be arriving in the next couple of days