Pay ALL your debt off by Xmas 2013

amr547

OMG! so tired. and i was calling the vet ni my sleep, i hope i didn't leave a message:rotfl::rotfl: "pretty sure this is snoring...."

SpagBol

mummy2threeboys wrote: »

hi quick one again thanks spagbol xx..very happy with this update!

#77 at start was £5012 now £3534 (£1478) so 30.5% (i worte the wrong figure down last time sorry) .. but the reason im very happy is because im now 50% off my orginal starting debt woo

Hiya, could you put your updates as the aount you've paid off / Target...I have put £1478 as your update but percentage doesn't match yours so in case we are recording different things it would be easier in the above format thanks

nomi01 wrote: »

Hi all,
Its been way too long since I put my mind to money saving matters and it certainly shows.
My credit cards debts have crept up again and now I don't think i stand any chance of being debt free for xmas.
All my own fault. I have been careless with cash and far too quick to spend through the school holidays. Just spent a fortune on a long weekend away with the family. I had budgeted for it but still alot spent.
I need to get back on track. I had been saving by doing sealed pot challenge but earlier on in the year I had to break into it.
However, I had started saving again and I am now wondering if I should put it towards my debts??? It feels silly to have money sat in a pot when there are things I could pay off. But on the other hand, it is like a little incentive to keep chipping away at my debts.
need to get back on track

l'd pay off the debts in theory...how much do you have saved?

amr547

all this horrible stressing out is setting my IBS off to the max!!!! i can't find anywhere to live:rotfl:

his_missus

nomi01 wrote: »

Hi all,
Its been way too long since I put my mind to money saving matters and it certainly shows.
My credit cards debts have crept up again and now I don't think i stand any chance of being debt free for xmas.
All my own fault. I have been careless with cash and far too quick to spend through the school holidays. Just spent a fortune on a long weekend away with the family. I had budgeted for it but still alot spent.
I need to get back on track. I had been saving by doing sealed pot challenge but earlier on in the year I had to break into it.
However, I had started saving again and I am now wondering if I should put it towards my debts??? It feels silly to have money sat in a pot when there are things I could pay off. But on the other hand, it is like a little incentive to keep chipping away at my debts.
need to get back on track

In my opinion, it depends what you've been saving for in the pot. If you're saving for a purpose, such as Christmas, to prevent increasing your debt later in the year or if you're saving it as an emergency fund to dip into (as earlier when you broke into it), I would probably keep saving in the pot.

If, however, you're just saving for the fun of it you may as well use it to pay off a chunk of debt especially if you're paying interest on the debt.

When I was in debt, I kept £100 aside for emergencies after a heartbreaking and embarrassing trip to the vets where we had to have our ill cat PTS but couldn't actually pay as my CC was maxed and our bank accounts were empty. Had to call MIL to pay for me over the phone using the excuse I was too distressed to remember my PIN and had locked my cards.

amr547

Right then. I've just been to view a house. It was very nice it was jsut far too small. Not even workable really I'd have to give my rabbits to mum because the garden was tiny and we'd have to get rid of our kingsize bed cos that wouldn't fit, I;d have to get rid of all my white goods cos they wouldn't fit in the kitchen and I'd also have to get rid of my table and chairs cos they wouldn't fit either!!! lol. Good if you're jsut starting out but no good for us. Gonna keep my eye out for anything else that might come up thuogh

SpagBol

Car may well have died...could be expensive

amr547

SpagBol wrote: »

Car may well have died...could be expensive

oh no!!!! what is it.?

kerri_dfw

Oh no Spagbol, that's not what you need with a small person on the way! Hope it can get fixed x

SpagBol

amr547 wrote: »

oh no!!!! what is it.?

Timing belt/chain and all that goes with it...mechanic reckons not worth the repair costs (it's >10 years old and over 100k miles so we knew it would happen one day!). Now we've got to find someone to take it as a p/ex...could do with a 7 seater anyway with a new baby on the way but god knows how we will pay for a new car

nomi01

SPAGBOL/HIS MISSUS
I only have about £130 in the pot right now and my plan was to put it towards xmas.
I think I had a bit of a wobble after an extremely expensive weekend away and when I got home I paniced a bit.
I now realise its payday next week and I should be able to leave the saving pot alone.
I really need to be a bit more dedicated to saving money.
Also, I am about to start a month of night shifts so that should boost the funds a bit.
:j