The "Pay ALL your debt off by Xmas 2012" challenge - PART 2!!!

[Deleted User]

Deleted_User 138 £2,983.89/£8,531.47

Dxxx

mf0u1098

So I went out to buy some lovely cropped trousers/jeans for summer but couldn't find anything I liked so came home and made a bacon butty. Sounds yummy??? Well you'd think so! I bought some lovely leany bacon from Asd@ yesterday and they were big rashers so I only put 3 on hoping to make 1.5 sandwiches worth. The bacon shrank so much that they were just slightly bigger than a 50p!!!! Miserable sods! Ah well, think of my waistline and all that. Just feel a bit cheated to be honest!

Superheavy

mf0u1098 wrote: »

So I went out to buy some lovely cropped trousers/jeans for summer but couldn't find anything I liked so came home and made a bacon butty. Sounds yummy??? Well you'd think so! I bought some lovely leany bacon from Asd@ yesterday and they were big rashers so I only put 3 on hoping to make 1.5 sandwiches worth. The bacon shrank so much that they were just slightly bigger than a 50p!!!! Miserable sods! Ah well, think of my waistline and all that. Just feel a bit cheated to be honest!

A bold choice to make a bacon butty....you must be rasher than I am. (sorry). On the plus side, not finding the right trousers does mean you've got more money for the monthly budget.

mf0u1098

Superheavy wrote: »

A bold choice to make a bacon butty....you must be rasher than I am. (sorry). On the plus side, not finding the right trousers does mean you've got more money for the monthly budget.

I'm so glad you apologised for that pun! :rotfl:

fallenwiccan

mf0u1098 wrote: »

:
Soooooooo??? How much do you love your new home???? xxx

Love it sooooo much thanks, Paid the solicitors the last of our bills. So I should be able to start saving money this month too finally

Mrs_Addicted_to_Spending

Recurrent Ostrich - sorry you have been made to feel left out of a 'clique' - that's terrible . I admit that although I always thank the posts as I read them, I don't always have time to reply to them or I don't know enough about the subject, or the confidence in my knowledge to comment. I also don't know how to multiquote which someone has just mentioned so struggle to remember everything that people have commented on if there's a few pages of thread to catch up on. However, please still stick with the thread as we are all in the same boat and it's still good to feel like you aren't the only one in this debt situation .


For those talking about paying off 0% credit cards in case they are tempted to spend on them - I would either cut the cards up, give them to someone to look after or freeze them so that it makes it very difficult to spend on them - this at least gives you time to fully think through whether you really need to buy the things. Giving savings money to someone you trust to look after is also a good idea to prevent 'accidently' :rotfl:spending it. Or put it into an account with a notice period.

I agree it's very hard to motivate yourself to pay the debt off when it's over a long period of time. I have a 'mantra' that I regularly repeat when I'm struggling which is "you will be debt free and then you will feel in control for the first time in a very long time". This helps me anyway .

psychopathbabble

068 £3,498.06/£6,492.82 53.87%

kat10

Haven't been on for a while my payments are as follows: £501.
#208 2091/10000

CW2

mf0u1098 wrote: »

Sorry guys I realise that I'm doing most of the talking this morning but I always seem to read your posts each day then properly reply when I'm actually updating which is why they all come at once!!!

Right, I need some advice... I have 2 credit cards both on 0% for a long time, I also have my big HBSC loan (the one I hate with a passion!) on 7.9% with about £7k left to pay to full term. Now, I have really been struggling recently and have dipped a little into my savings (waiting for the barage of slaps!) so am wondering if it would be better for me to use the money instead to pay off my credit cards so I don't risk keeping spending on them...? I know in effect it will cost me more but I think I need a psychological boost here and getting down to just 1 debt (my loan) will be a massive milestone for me. Am I just being stupid??? I just sooooo want to cut up the cards cos I've paid them off...

Hi Jemma, I haven't caught up on all the posts yet so I'm sure people have given you great advice, but just wanted to say that I think there's a lot to be said for paying off the debt that you can make lots of small overpayments on first i.e. your credit card. That's the way I did it and I found it really motivating to pay every spare penny off it, so this made me squeeze my budgets to have extra to pay off it. Now I'm down to my last debt (loan) I'm finding it much more difficult because I'm having to save up and unfortunately that gives me a pot of money to dip into when I need to. I've not been doing as well alately and think the saving up thing has a lot to do with it. So, whatever works best for you, but I definitely think there's something to be said for tackling the debts you can more easily pay off first as well as getting a psychological boost from seeing them (and the interest) go down! CW2 xx

rubywhatashmoo

CW2 I totally agree with this!! Since paying off my cards I've not managed to save any extra money although in theory at least there should be a lot more "spare" each month, but as I don't *need* to pay anything off it gets frittered

Saying that though I have managed to put money back onto my cards Not more than I can afford to clear (and I get Amazon points for it ) but still more than I NEED to be spending, and I have to get back in the mindset of SAVING money, not just spending it because the option is there!!

I've been working like a LOON this week doing loads of overtime, and would like to be able to stop at some point, as it was only ever supposed to be a short term thing, but I don't trust myself with money at the moment to be able to do that - at least with the extra pennies coming in from this, it means if I do totally !!!! up my spending for the month, come payday I can put things straight again - and actually making a big boost to my savings would be good!