10 months in and 90 left to go ... the reality is starting to kick in :)

elantan

Hey all ,
Here’s a link to my other diary, the start of my 100 month journey, thought i would start my new diary now ( i know its a bit early ... but hey i am excited )

https://forums.moneysavingexpert.com/discussion/3071580

quick run down of the situation,
I started this journey 10 months ago and its so far the longest i have ever managed to stick to a challenge (which is surprising J).. hubby was off of work for 5.5 months of the first 10 months of my challenge, and even though that was hard, things couldve been alot worse, we didnt make it to being 10% less in debt but considering that we had less money coming in, we went to Florida and London, i think we did ok ...

The reality that in 90 months time we will be debt free and have savings is starting to kick in, it’s something i have always wanted but never fully believed i would achieve as it seemed such a daunting task, however now that i have this focus and this drive ( and we managed to even manage with hubby being off for 7.5months in total) i am really excited about the future

Where do we stand just now?
Debt to begin £60,041 but went up to £62,450 L
Debt currently: £57,290 total paid off to date £5,160 approx 8% so 2% short (which is not too bad, it could be worse)
Made up of:

Mortgage: £44,845
Student loan £8k (not entirely positive exactly how much this is, and still undecided as to whether to concentrate on paying off, still under discussion really lol)
Visa 1 £2,995
Visa 2 £1,450

Savings to date: £150

So the next ten months:
Well the plans here are to get to 20% less in debt (from the start of the challenge), have at least £1,000 in savings,

How is this going to be achieved?
Well it is going to be basically the same as what I have been doing, any spare money will be thrown at the debt, the savings and fun time ( divided equally by 3) , I will be doing overtime as and when I can, I will continue to try and get a new better paying , better conditions etc job, in March we will try and get a new balance transfer card so that I can pay 0% ( with a transfer fee 0bviously) and get it down as fast as possible

The_Dragon

Good luck with the next stage of your challenge

elantan

thanks dragon ... it's gonna be a long 90 months ... but it will be worth it in the long run i am positive

The_Dragon

elantan wrote: »

thanks dragon ... it's gonna be a long 90 months ... but it will be worth it in the long run i am positive

I know what you mean - I want to clear my CC but life gets in the way sometimes!

elantan

that life is such a pesky thing ... it gets in the way of living all the time so it does lol ... but slowly and with little steps we will all get there

The_Dragon

elantan wrote: »

that life is such a pesky thing ... it gets in the way of living all the time so it does lol ... but slowly and with little steps we will all get there

We will indeed and now the gift buying season is over for another year I can start throwing extra cash at the CC :j:beer::j

elantan

every little helps ... well why should a supermarket get away with saying it and not me lol

i have to admit we dont really do xmas ( its already new year for me ) but, we do like to get son, mil and fil a present so we spent £160 ... but we dont do xmas dinner or anything so it is just another day to us really.. will need to try and get some food in though as the shops will be shut:eek:

do you do the pay a day challenge dragon?

The_Dragon

elantan wrote: »

every little helps ... well why should a supermarket get away with saying it and not me lol

i have to admit we dont really do xmas ( its already new year for me ) but, we do like to get son, mil and fil a present so we spent £160 ... but we dont do xmas dinner or anything so it is just another day to us really.. will need to try and get some food in though as the shops will be shut:eek:

do you do the pay a day challenge dragon?

My new year started on the 1st November, but the family celebrates now sooooo..........

No to PAD but I do try and get NSDs and then any savings get slammed across to the CC every 4 weeks

hypno06

Good luck with the next stage!! You're doing great!

skint_spice

You are doing really well considering DH was off that long, just imagine how much you can achieve in the next 10 months....

Good luck:T:T:beer:

taxi73

Good luck with the next stage and happy new diary