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

taxi73

I wouldn't remortgage personally...you may find it hard to remortgage anyway as they take all the loans credit cards into account anyway.
I would try for 0% cards myself and plod on that way.
Could hubby or yourself possibly car share/use public transport until you can save enough for another car
I would also cut every bill to bare minimum to see if I can save that way and only after failing all that do remortgage

elantan

taxi73 wrote: »

I wouldn't remortgage personally...you may find it hard to remortgage anyway as they take all the loans credit cards into account anyway.
I would try for 0% cards myself and plod on that way.
Could hubby or yourself possibly car share/use public transport until you can save enough for another car
I would also cut every bill to bare minimum to see if I can save that way and only after failing all that do remortgage

This is the way i am starting to think Taxi tbh, i just dont know if i trust that we will not respend tbh, i think we will plod along the way we are for the next 3 months and then review it all in the new year, if we dont spend anymore money on the visa and if the debt comes down then maybe we can look at re-mortgaging ( but i think i would try for a further 3 months to get the debt down as low as i can first)

sadly there isnt anyone we can car share for work either of us, i'm night shift so need the car and hubby is day shift and whilst there are quite a few people in our village that work for the company ( U.K wide company) none of them go into the main office ( where hubby works)

if he got the bus he would have to leave the house at 5.30 to get there in time and wouldnt get home till nearly 8pm according to a guy that he would meet after he got his first bus ( hubby would need to get 2/3 depending on time)

so for now i am back to the drawing board,

i am going to cut up the visa, and i will pay £100 to it this month and pay the extra money to the car, then next month i will start to hammer the visa card and just pay the minimum to the car, once the visa is cleared i will start paying the extra to the car getting rid of it until the 0% period ends on the other visa's

i will then transfer the 0% visa's to another card and carry on paying the extra to the car, once i have the car down, and if the 0% visa's still have a while to go i will pay the extra off of the mortgage

and so the cycle will continue

unless ofcourse in 6 months time both hubby and myself can prove that we will not get into this mess again, if that is the case i will reconsider the remortgage

phew that was alot

taxi73

sounds like a plan El
I'm pretty sure that you can get the debt down with not using cards and careful budgetting...good luck x

elantan

so pay day today and all the bills i can pay have been paid i have put £20 into an instant access savings account as yesterday i cut up the visa card and nipped into glasgow to the chinese supermarket to get hubby some thai green curry sauce, it was a different can from normal so i sent him a picture and he decided he just wanted one so i bought the one and bought a few other things as well (using up the last of the money that i could on the bank card)

when i got into the car hubby phoned saying just get me a slab of it so i had to transfer money from the i.s.a account into the current account and go back in and buy him his slab

this made me realise that now that i am not using the visa ( i wouldve normally just put that onto the visa and not thought about it) i need to have a wee bit of money available for when times like this happen, so £20 was transferred over to it today and the money replaced back into the i.s.a that i had taken out, thankfully hubby got more of a wage than was expected so that atleast is covered

i dont think the £20 is going to be enough but it is a start, would like it to be £50 a month tbh, as i often get wee bargains and just put them on the card, maybe something like butter for £1 instead of £1.60 so i buy a dozen or so and freeze them, saving us money, the money is always cleared off of the visa at the end of the month but now that i dont have the visa to use i need to ensure that i can still nab a bargain when i can, so the £20 is a start but deff something i will need to build on

have paid money off of the interest bearing visa so that will slowly come down, have also decided i will when i get any overtime divide the money between the visa, extra for bargains, savings for a car ( still need to work out a plan of action for this) and fun money as i dont want it to be all doom and gloom

had a friend texting me for quite a w hile last night, trying to talk me into re-mortgaging, i was listening to her reasoning and it was good, but there was something pricking the back of my concious about it all, this was the fact of her finances.

dont get me wrong she is doing good and i am not in anyway slating her but she deals with her money in a totally different way from us, she does what is right for her and her family and that is the main thing, however, she doesnt concern herself with her finances in the way i do, as long as she has enough she is happy, which is a great way to think for her and her family.

she however has an interest only mortgage which she has re-mortgaged 3 times now, she has various people come to her door every week for money ( kinda like provident?) to pay for her various t.v's games consoles etc, she has alot of things on credit, and thats not to say she is wrong, thats just to say for me that would be too scary.

i worry about getting things clear and free, i want to be able to have a time where i am debt free and can have savings so that i can retire early, and i want to be able to travel as much as i can,

my friend however, has no intention of retiring early she is happy to work till 70 plus, she gets holidays often just now ( and i cant say that we dont, we do, we get great holidays) she gets all the things she wants, new t.v's ( in every room) games consoles, every member of the family has a laptop and an i pad, etc, they live for the moment and there is nothing wrong with that, hubby and i do too but in a different way.

i dont need new laptops or t.v's in every room, our only games thing ( nintendo ds) was stolen when we were burgled and we have never replaced it, we would rather spend our money on going for a hike, or to the theatre etc.

i spose what i am saying really is that everyone is different and we all have different ideas of how we want our lives to be, as long as we are working towards it then really we cant say fairer than that can we?

beanielou

Its what works for you at the end of the day.
Its your life

elantan

it sure is beanie... and i only get one shot at it

i'm kinda on borrowed time now as well so i need to enjoy it even more, squeeze it as much as i can so to speak lol lol lol

elantan

So tonight I went to the speakers club, I havn't laughed as much in such a long long time, I can deff see how it would help me deal with my nerves, but I can also see it will take a long long time to achieve, but I think I've found a very interesting group of people to aquaint myself with

skint_spice

elantan wrote: »

So tonight I went to the speakers club, I havn't laughed as much in such a long long time, I can deff see how it would help me deal with my nerves, but I can also see it will take a long long time to achieve, but I think I've found a very interesting group of people to aquaint myself with

All sounds very positive:T:T

elantan

So far so good

It was so not what I was expecting, but really glad I went

Butti

speakers club, is that like public speaking? Sounds good.

Please stop using terms like 'squeeze it as much as I can'. It reminds me of the Led Zepplin lyrics 'squeeze my lemon until the juice runs down my leg' :rotfl:

You stick to your approach El. Words like 'remortgaged' 'three times' and 'INTEREST ONLY' make my hair stand on end, really vertically and twitching :eek::eek::eek::eek::eek:

B x