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

mf0u1098

Hey Catmort, I think it will go to pay for my car expenses that I've just paid for this weekend (£453) plus my car insurance in August (£600 ish) and the rest off my debts...

It has been a bit touch and go as to whether I would hit my DFD of Xmas 12 but this will definitely put me firmly back inline to achieving my goal!!!

jakes-mum

OMG Jemma, thats awesome!!

Grrr to Payp*l, who have reversed my withdrawal due to a 'technical error' but decided they didnt need to inform me :mad: only found out as I had items finishing tonight on eb*y and had to look up an address Dont they care I have credit card bills to pay

mf0u1098

Hey everyone, I've now created Part 3 (here is a link). It's not quite finished yet but I will be able to make finishing touches as we go along!

https://forums.moneysavingexpert.com/discussion/comment/52235227#Comment_52235227

floridafairy

mf0u1098 wrote: »

:j:j:j I've not caught up on the thread yet for today but just had to tell you all that I got told you can claim tax relief on business mileage between the rate your employee pays and the government rate. I've worked out that I'm owed £1,327.03!!!!!! :j:j:j

Pretty sure you can claim as far back as 6 years ago Gemma, I done 3 years worth last year

kerri_dfw

Jemma, you only get back the tax you paid, so on £100 you get something like £20 back so please don't spend it until it's in your pocket. I thought I was due a big payment when I put in a claim about a year ago, but was disappointed that it wasn't as much as I thought it was going to be.

Cat, I think I need to do something like that too, I just get confused as I put things down and then have to pay them straight away so the envelope is empty again

mf0u1098

kerri_dfw wrote: »

Jemma, you only get back the tax you paid, so on £100 you get something like £20 back so please don't spend it until it's in your pocket. I thought I was due a big payment when I put in a claim about a year ago, but was disappointed that it wasn't as much as I thought it was going to be.

Thanks kerri and floridafairy, I'll run it by my colleague tomorrow who is a qualified accountant (I'm just a pretend one in charge of a HUGE amount of money... :rotfl:) to sense check my numbers but this is based on 4 yrs worth of travel xxx

catmort

kerri_dfw wrote: »

Cat, I think I need to do something like that too, I just get confused as I put things down and then have to pay them straight away so the envelope is empty again

At least you know where the money's gone tho, & adding your salary then goes automatically to the right places. I put all my irregular envelopes in my savings account and keep what's left of the monthly in my current account, then make transfers as necessary when I spend. You do end up with empty envelopes tho. Isn't it the same as your pots spreadsheet anyway? You can stick to that if it's easier for you!

kerri_dfw

catmort wrote: »

At least you know where the money's gone tho, & adding your salary then goes automatically to the right places. I put all my irregular envelopes in my savings account and keep what's left of the monthly in my current account, then make transfers as necessary when I spend. You do end up with empty envelopes tho. Isn't it the same as your pots spreadsheet anyway? You can stick to that if it's easier for you!

The problem with my pots spreadsheet is that I end up removing my money from the pots and spending it :eek::eek::eek::eek::eek:

SpagBol

Hi all, haven't been around much (long story but had some health problems with DS, in part due to our budget and his diet so I was a bit ashamed and the weekly budget has increased again to reflect more meat, wholewheat stuff etc) but here is our latest total: #084 £5645 paid of £58000.

Not as much as I would have hoped but everything is now at 0% except one card at 2.9% and one at 6.9%, both for the life of the balance. I did a snowball last night and we should be debt free by feb 2014 according to that but I'm still hoping for Xmas 2012!! Snowballing like CRAZY! Next month we can overpay by about £3k and the same in May so that already brings us down a lot and closer to the goal.

Keep it up everyone!

Ruthy1604

mf0u1098 wrote: »

:j:j:j I've not caught up on the thread yet for today but just had to tell you all that I got told you can claim tax relief on business mileage between the rate your employee pays and the government rate. I've worked out that I'm owed £1,327.03!!!!!! :j:j:j

Wow Jemma - you either do a LOT of miles or your employer pays a very poor mileage rate! How many years does that cover - I think you can go back 6 years if you have the records.