£31K and a baby horse, 2013 could be fun :)

Baldybear

Good afternoon and a Happy New Year

So thought as new year would start a new diary as things have changed a bit from last year. So brief summary so I dont get too boring.

Lost my beloved pony new years eve 2011 after 21 years and then took the huge step of getting a new one in April 2012. She is only 18 months so this diary is me busting the debt and learning with her too as never had a baby hoss before.

So me and OH, hoss and a nutty little hamster :rotfl:

Have a bigish mortgage, well seems to me anyhow, house needs a lot of work. We both work, OH has just been made permanent and with a slight increase so should balance our budgets. January is a bit of write of going from weekly to monthly pay but come feb and march we should be on an even keel

So debts as of today:-

NWP credit card £2727 - currently 0%
NWG credit card £4154 - currently 17.9% but transferring to 0%
Bcard credit card £3210 - currently 15.9%
Sofa £994.75 - 0%
NW Loan £6634 - 6.9%
VW Finance £5485 - think around 6%
Parents £8650 - 0% (currently not paying)
Mortgage £156.949

So total excluding mortgage £31.957 :eek:

Baldybear

So the plan of action.

There is a 0% offer on the barclaycard so going to transfer the NWG figure onto this so will just have £3.2k on any interest card so this is the target.

The car finance we are leaving to run as it offers a good plan for free service for 2 years so offsets the interest payments at the moment.

We are currently not paying the parents as we stopped when OH didnt earn as much, I would really like to start paying this again.

We are due a small inheritance shortly, hopefully in the next few months. We are going to be able to clear the loan and have £1k to put towards the card then that will leave £2k on a high interest card.

So back to hard work of ebaying, surveying, daily clicks and tight budgeting. Feb and Mar we dont pay council tax so thats £300 to put towards the debt.

Pay £148 a month to the loan so that will also be able to go to overpayments as now OH has had a rise we can afford the food bills which we couldnt last year.

Have already set up savings so pay £100 to the insurance and car fund this should cover 90% of these expenses. Pay £10 to hoss fund to pay for annual vets bills, £20 to emergency fund, £10 to presents fund for xmas and birthdays and £10 to fun funds. Once the debt is gone will be able to afford a lot more to these.

So have had 2 weeks of work and back to work tomorrow and back to getting on track

spin_doctor_2

On first thoughts 31k is quite a lot; however I was 23k debt just over 2 years ago.

I am now just under 12k outstanding. Yes, I could have done better, however I have a young family inc. 3 children under 8 and we have had budget mini breaks, nice birthday/xmas, trips to football etc.

Wishing you all the best with your debt clearance.

mummybearx

Hello shiny new diary :T

Subscribed :beer:

Piquant_2

Hey you! Shiny new diary! I have subscribed, how could I not?:rotfl:

As always we can exchange hoss stories

kiss_me_now9

Shiny new diary! Now where are the pics of your lovely bub?

cazmanian_minx

Happy new diary Hope hoss is behaving - I currently have one in the field that's just a roughly horse-shaped pile of mud with a smirk!

grannyx2

Hello shiny new diary, *subscribes*

Granny x

rising_from_the_ashes

Ohhhhh happy shiny new diary baldy I did start off on your last one but got lost along the way somewhere *subscribes*

Housework*Fairy

*says hello*

**subscribes**

Baldybear

Morning everyone, thank you all for dropping by and hope I dont bore you all too much

So back at work today so back to getting up early, only one that was pleased was the hossie Good start to the day and bought in lunch, done daily clicks so will be a NSD.

Have £72 in quidco which I need to chase up, have chased up £15 on another cashback site too. Have submitted expenses of £70 today so all extras to put towards the debts.