Road to Recovery - My Diary

mae

Thats quite alot extra Hope so well done and if its until April thats about £700 extra money :T Should make a good dent in some area of the debt.

Keep up the good work you seem so motivated and determined on the job front so that should pay off for you

Good luck with the interviews x

Hope78

Now have 4 interviews next week! Not bad as I applied for 5 jobs I hope one has my name on it! This is my first anniversay on MSE so feeling absolutely delighted with myself for all the hard work I've put in. Thanks to those who have supported me along the way!

Keeping_Motivated

Hi Hope well done on the progress you've made you sound really pleased and quite right too..

Happy anniversary

How have you made such progress do you mind me asking?

Hope78

Basically I stopped being a wreckless spender! I did lots of small things I've ebayed, carbooted, cut up credit cards, saved pennies, took on some tutoring, cut back on luxuries. Though the biggest things were stopping being over generous - I spent a fortune on pressies for people at xmas etc, as well as doing survey sites to earn vouchers, buying through quidco but making sure I paid more than minimum credit card payments even if just £5 more.

Keeping_Motivated

Thanks for that its just interesting to know.

So in a year you have not only NOT increased the debt you have paid a sizeable chunk off it! Sounds good to me.

Hope78

Just worked out that I have reduced my debt by £7839.91 in my first year as MSE. :j

Also realised that with my next CC payment my nationwide card will be under £10,000 which is the first in a very long time!

My aim in year 2 is to clear off £10,000 so fingers crossed.

Hope78

Yeah for me who still lives with my parents it was only small things that could make a difference as I've not utility bills that I could cut down on to save or big buys through quidco like house insurance. 2 of my loans end this year, one in July one in November, that will help me begin to cut bigger chunks off my CCs.

Keeping_Motivated

Well done thats really amazing.

I've just had a quick look through your diary and it sounds like some debts are ending this year so I guess that frees up money to put towards them high interest rates and also the more money you clear the more likely you are to be accepted for a 0% or a LOB CC which will be a major break through as your monthly payments would not be swallowed up by interest so would make total debt come down faster.

Well done again x

Edited to say sorry I had not seen your above post when I wrote this.

Hope78

Thanks being able to reduce the interest will be a major help. I want to keep number of searches on my file down so am waiting until those loans are settled before seeking out a new card.

Keeping_Motivated

Yes sounds like a good idea.

You started in the 40s, now in the 30s and it won't be long until you are in the 20s and I can imagine that will be another massive psychological boost.

Good luck with the interviews