Debt free in 16 months...?

LittleMissDetermined

Today I took advice from the credit card boards and applied with Barclaycard, they are offering balance transfers at 0% for 27 months which is long enough to clear my debts interest free (yay!).

I was apprehensive after the Virgin decline but used their own eligibility checker and was accepted with a credit limit enough to transfer both my cards. I had started to think I had a bad credit score...

I am so happy as the amount of interest this will save me is just over £1000.

zenshi

Why the vet health plan and the insurance? Surely the meds would be covered in the insurance rather than paying extra to the vet?

lawlie

Well done on being so organised! Having a plan will definitely motivate you to get it cleared ASAP.

mobile phone - £34 a month, is quite high. Mine was about this, but I called up and got switched to a lower amount per month (I got a higher tariff as I wanted a cheaper phone when I got it). Most providers let you switch to a cheaper plan after 3 months.

LittleMissDetermined

zenshi wrote: »

Why the vet health plan and the insurance? Surely the meds would be covered in the insurance rather than paying extra to the vet?

The health plan covers boosters, 4 claw clips, 2 health checks, flea and worming treatments each year. These are not covered in the insurance, that's only sickness and injury.

It saves me about £90 and spreads the cost over the year

LittleMissDetermined

lawlie wrote: »

Well done on being so organised! Having a plan will definitely motivate you to get it cleared ASAP.

Thanks

mobile phone - £34 a month, is quite high. Mine was about this, but I called up and got switched to a lower amount per month (I got a higher tariff as I wanted a cheaper phone when I got it). Most providers let you switch to a cheaper plan after 3 months.

The mobile tariff has already been reduced, it was £39 a month and I plan to go sim only when the contract runs out as my phone works just fine and doesn't need replacing. I think i may even be able to do this a month early with my provider.

LittleMissDetermined

Hi all

My 0% card has been sorted and balances transferred, the fee means less of a reduction in overall debt this month but hoping to see this really start to drop from now on, can't wait!

I can't believe how motivated I feel to become debt free since my LBM and realisation that there are so many others in similar situations.

Next challenge is for hubby to start his new job :j

[Deleted User]

Hi lots of good advice on here already might I just add you mentioned Tesco do you have an Aldo or lidl near hand we recently started shopping there and are saving a fortune and the quality is just as good, we still buy some stuff from tescos but keep to a minimum just a thought. Well done sounds like you are well on track.

LittleMissDetermined

Hi TT180

Thanks for the reply, we do have an Aldi close by and use it for some things but not the whole shop.

debtfreeoneday

Just popping in to return the post and see how you are getting on.

LittleMissDetermined

Hi there,

I'm still on track to clear by 1st October, in fact I'm hoping to clear even earlier as I've taken on a second job which is not regular but still has some income each month.

The biggest difference has been joining the payment a day thread which has kept me really focused and one card is already clear :-)

I have also managed to get my food shop to less than £45 a week over the past few weeks which is helping!

LMD x