Butti's Journey: A matter of loaf and death

ZTD

beanielou wrote: »

Tell us first!!!!!

No...she's a tease...

beanielou

ZTD wrote: »

No...she's a tease...

:rotfl::rotfl::rotfl:

Butti

So the current focus is on three debts;

£124 on MBNA cc at 35% :eek:
c. £1300 on Halifax cc at 15%
Up to £2200 O/D with HSBC at 18%

I am focused, focused on spending as little as possible on the O/D and paying off the MBNA with my next pay cheque. But into this little world of debt reduction has come a letter from MBNA.


A 0% balance transfer offer on credit cards till Sept 2015 AND a 0% money transfer so I can also shift my O/D.

Yeeeeeeeeeeeee-ha

Butti

Lets have a look at the totals (please feel free to say in enthusiastic Phonathon/Children in Need voice!)

CDL £10,000 £7147 new total 29% paid
Dad £7000 £0 100% paid off
Friend £280 £0 100% paid off
Virgin CC (MBNA £3350 £97 new total 97% paid
HSBC CC £4404 £0 100% paid off
M&S CC £1188 £ 1017 14% paid off
HBOS CC £1430 £1347 6% paid

New total is £9608

So (Starting a sentence with that word is becoming habit!) on or just after the 15th (on a beery thing on the 15th) I shall clear the MBNA card of its remaining £97 at 35% :eek::eek::eek::eek::eek:

Which will result in this

Then I think I should transfer both the 18% APR Overdraft (which hopefully shall be close to £1700 or £500 under the limit if I have kept a lid on clothes shopping New approach is to only visit Per Una on NSDs 'Butti you can look but you can't touch') and the 15% APR HBOS card which is at £1347, transfer to the MBNA offer of 0% till September 2015.

The M&S card will then become my most expensive credit card at 6%. Bl**dy amazing

Now if I'm doing snowballing properly.....

:jWake up at the back there:j

I would clear the M&S card first but the M&S card has been happily plodding along on its own minding its own business ......so (there it is again :rotfl:) I think I should focus my mind on the new MBNA total of just over £3k at 0% until Sept 2015 and then 35% :eek::eek::eek::eek::eek::eek::eek::eek::eek::eek::eek::eek::eek:

I need to pay £266 in each month to clear that in time. What I think I am going to do is up the M&S one from £30 to £50 and put about £400 to the MBNA one at least until I buy the house (in October 2016 :rotfl::rotfl::rotfl::rotfl::rotfl:) That gives me about £650 per month going to debts. It can come down once my costs go up but that will do nicely for now.

Right better avoid getting a parking ticket and go and do my shopping. CERAZIE GOLF this afternoon and then I have a shark to trim .

Butti

p.s. £400 will start in Sept. August is MOT month:eek:

All hands on deck....may be renamed to fit what the mechanic calls my car

Infamous Yaris month!

ZTD

Butti wrote: »

So (Starting a sentence with that word is becoming habit!) on or just after the 15th (on a beery thing on the 15th) I shall clear the MBNA card of its remaining £97 at 35% :eek::eek::eek::eek::eek:

Which will result in this

And :T and :beer:

Butti wrote: »

Then I think I should transfer both the 18% APR Overdraft (which hopefully shall be close to £1700 or £500 under the limit if I have kept a lid on clothes shopping New approach is to only visit Per Una on NSDs 'Butti you can look but you can't touch')

A woman going shopping without touching anything? That's plausible...

Butti wrote: »

and the 15% APR HBOS card which is at £1347, transfer to the MBNA offer of 0% till September 2015.

The M&S card will then become my most expensive credit card at 6%. Bl**dy amazing

Now if I'm doing snowballing properly.....

:jWake up at the back there:j

I would clear the M&S card first but the M&S card has been happily plodding along on its own minding its own business ......so (there it is again :rotfl:) I think I should focus my mind on the new MBNA total of just over £3k at 0% until Sept 2015 and then 35% :eek::eek::eek::eek::eek::eek::eek::eek::eek::eek::eek::eek::eek:

And I, being the contrary soul I am, doesn't think that.

Butti wrote: »

I need to pay £266 in each month to clear that in time.

Wouldn't it be £290 since you're taking a month off.

Butti wrote: »

What I think I am going to do is up the M&S one from £30 to £50 and put about £400 to the MBNA one at least until I buy the house (in October 2016 :rotfl::rotfl::rotfl::rotfl::rotfl:) That gives me about £650 per month going to debts.

I take it that the difference between £650 and £450 is your CDL?

Butti wrote: »

It can come down once my costs go up but that will do nicely for now.

How about...

1. Minimum payments on the "new" MBNA
2. £400 ish onto M&S until November (or thereabouts). Balance should then be about £0 at the point.
3. Then £450ish for the remaining term off the MBNA card - you should pay it off with time to spare.
4. Obviously, I don't have all the figures, so a bit of arm-waving rounding is here.

Butti wrote: »

Right better avoid getting a parking ticket and go and do my shopping. CERAZIE GOLF this afternoon and then I have a shark to trim .

"Trimming the shark." sounds like a euphemism for something... :whistle:

beanielou

Nosey nellie alert~ what is CDL?
Great news on MBNA offer.
Wish I had kept that card.

ZTD

beanielou wrote: »

Nosey nellie alert~ what is CDL?

Career Development loan. But let's see if we can come up with something *really* rude before Butti gets back...

beanielou wrote: »

Great news on MBNA offer.
Wish I had kept that card.

And do what with it Beanie?

Butti

Career Development Loan Beanie

beanielou

Iz thick.