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Sorting out my mess once and for all
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Wildchild_2
Posts: 147 Forumite
Just had my LBM last week and am in a bit of a mess.
The debts are as follows:
CC 1: £102 paid off 27/06/2013
CC 2: £349 paid off 27/06/2013
CC 3: £1000
CC 4: £1000
CC 5: £150 paid off 28/6/2013
CC 6: £500 paid off 16/07/2013
CC 7: £500 paid off 16/07/13
CC 8: £1183 paid off 29/6/13
CC 9: £1639
Total debt: £6,423
All of them are 0% except for CC 1 and 2 so I will be going for these first.
I got into this mess as I am self employed with a lot of ups and downs - so when times are good they are really good but I don't make enough of a provision to tide me over when times are bad. That is when I need to rely on the CCs. If I was better at putting money away for a rainy day then I wouldn't be in this mess.
So my aim is to pay off the first two smaller ones next month - I only have one job lined up for next month but it should cover the cards and all my living exprenses.
After the summer business is always better for me. So I need to survive on what I have until then without increasing the debt.
Then in September, October November and December I need to attack the other cards. Numbers 3, 4, 5 and 6 will start charging interest in January so they need to be clear by then. For the others I have until April.
I will also be looking for a temp job for July and August so I can get some extra money in. Have a couple of interviews lined up next week.
The debts are as follows:
CC 1: £102 paid off 27/06/2013
CC 2: £349 paid off 27/06/2013
CC 3: £1000
CC 4: £1000
CC 5: £150 paid off 28/6/2013
CC 6: £500 paid off 16/07/2013
CC 7: £500 paid off 16/07/13
CC 8: £1183 paid off 29/6/13
CC 9: £1639
Total debt: £6,423

All of them are 0% except for CC 1 and 2 so I will be going for these first.
I got into this mess as I am self employed with a lot of ups and downs - so when times are good they are really good but I don't make enough of a provision to tide me over when times are bad. That is when I need to rely on the CCs. If I was better at putting money away for a rainy day then I wouldn't be in this mess.
So my aim is to pay off the first two smaller ones next month - I only have one job lined up for next month but it should cover the cards and all my living exprenses.
After the summer business is always better for me. So I need to survive on what I have until then without increasing the debt.
Then in September, October November and December I need to attack the other cards. Numbers 3, 4, 5 and 6 will start charging interest in January so they need to be clear by then. For the others I have until April.
I will also be looking for a temp job for July and August so I can get some extra money in. Have a couple of interviews lined up next week.
[STRIKE]CC 1: £102[/STRIKE] / C[STRIKE]C 2: £349[/STRIKE] / [STRIKE]CC 3: £1000[/STRIKE]
CC 4: £1000 / CC 5: [STRIKE]£150 [/STRIKE] / CC 6: [STRIKE]£500[/STRIKE]
CC 7: [STRIKE]£500 [/STRIKE]/ [STRIKE]CC 8: £1183[/STRIKE]/ [STRIKE]CC 9: £1639[/STRIKE]
Total debt: [STRIKE]£6,423[/STRIKE] :mad: £[STRIKE]6,128[/STRIKE] [STRIKE]£5,978 [/STRIKE][STRIKE]£4,099[/STRIKE][STRIKE]£3,639[/STRIKE]
CC 4: £1000 / CC 5: [STRIKE]£150 [/STRIKE] / CC 6: [STRIKE]£500[/STRIKE]
CC 7: [STRIKE]£500 [/STRIKE]/ [STRIKE]CC 8: £1183[/STRIKE]/ [STRIKE]CC 9: £1639[/STRIKE]
Total debt: [STRIKE]£6,423[/STRIKE] :mad: £[STRIKE]6,128[/STRIKE] [STRIKE]£5,978 [/STRIKE][STRIKE]£4,099[/STRIKE][STRIKE]£3,639[/STRIKE]
0
Comments
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Been clearing out all my bank accounts - took cash out to last till the end of the month and put the rest on the CCs.
CC1: paid off in total
CC2: reduced to £156
Phoned the bank and cancelled CC1 totally - tried to offer me better deal etc - stuck to my guns and now it is cancelled.
Have another interview tomorrow for a temp job - part time in July that would bring in about £500.[STRIKE]CC 1: £102[/STRIKE] / C[STRIKE]C 2: £349[/STRIKE] / [STRIKE]CC 3: £1000[/STRIKE]
CC 4: £1000 / CC 5: [STRIKE]£150 [/STRIKE] / CC 6: [STRIKE]£500[/STRIKE]
CC 7: [STRIKE]£500 [/STRIKE]/ [STRIKE]CC 8: £1183[/STRIKE]/ [STRIKE]CC 9: £1639[/STRIKE]
Total debt: [STRIKE]£6,423[/STRIKE] :mad: £[STRIKE]6,128[/STRIKE] [STRIKE]£5,978 [/STRIKE][STRIKE]£4,099[/STRIKE][STRIKE]£3,639[/STRIKE]0 -
Getting ready for my interview but the job starts on monday so I think I will get an immediate answer. Is only for July and part-time (monday, tuesday, wednesday from 7 till 12 so will have plenty of to work for my customer). But will be good for about £500 after taxes.
So if I get the job next month I would try to pay off CC 2, CC 5 and CC 6 reducing the debt by a further £806.
Next week saturday I will also be taking part in a car boot trying to get rid of some [STRIKE]old junk [/STRIKE] really great stuff!so maybe will be able to produce and extra payment.
One customer still owes me £400 so it would be great if he could finally pay that. Spoke to him on the phone yesterday and he is having some financial problems too but promised to try his best![STRIKE]CC 1: £102[/STRIKE] / C[STRIKE]C 2: £349[/STRIKE] / [STRIKE]CC 3: £1000[/STRIKE]
CC 4: £1000 / CC 5: [STRIKE]£150 [/STRIKE] / CC 6: [STRIKE]£500[/STRIKE]
CC 7: [STRIKE]£500 [/STRIKE]/ [STRIKE]CC 8: £1183[/STRIKE]/ [STRIKE]CC 9: £1639[/STRIKE]
Total debt: [STRIKE]£6,423[/STRIKE] :mad: £[STRIKE]6,128[/STRIKE] [STRIKE]£5,978 [/STRIKE][STRIKE]£4,099[/STRIKE][STRIKE]£3,639[/STRIKE]0 -
Really strange interview - lasted about 3 minutes and was offered the job on the spot. Signed the contract and start monday. It is only a three minute walk from my flat so no transport costs either and will be back home for lunch so no temptations to eat out!
Really want to get to the under £6000 mark asap!
Am off now to do some sewing. Have loads of material and need some new clothes as I really only have one good work outfit as I never really see many people. But can't be wearing the same clothes three days in a row
So my aim for today is:
Make two shirts - same pattern but one in white and one in blue
Tomorrow:
Skirt
Sunday:
Two pairs of trousers - same pattern but one grey and one pin stripe
That should at least get me through my first week!![STRIKE]CC 1: £102[/STRIKE] / C[STRIKE]C 2: £349[/STRIKE] / [STRIKE]CC 3: £1000[/STRIKE]
CC 4: £1000 / CC 5: [STRIKE]£150 [/STRIKE] / CC 6: [STRIKE]£500[/STRIKE]
CC 7: [STRIKE]£500 [/STRIKE]/ [STRIKE]CC 8: £1183[/STRIKE]/ [STRIKE]CC 9: £1639[/STRIKE]
Total debt: [STRIKE]£6,423[/STRIKE] :mad: £[STRIKE]6,128[/STRIKE] [STRIKE]£5,978 [/STRIKE][STRIKE]£4,099[/STRIKE][STRIKE]£3,639[/STRIKE]0 -
Good news and bad news - my neighbour just bought my tatty old bike for £110 - can't believe it. Was in need of some TLC but it is or at least was a very good bike.
But while checking my figures saw that CC 5 is not 0% - that ran out last month and the interest on there is a whopper much higher that CC2 so the bike money went on there and it is now only at £40
hmmmmmmmmmmm what other junk can I sell?Am going to go through everything tonight and sort into three groups:
boot sale
the bay
flyer in shop window
Also made one shirt already today bit tired out though - haven't been doing much sewing lately and my back isn't used to the strain and my brain actually isn't either.[STRIKE]CC 1: £102[/STRIKE] / C[STRIKE]C 2: £349[/STRIKE] / [STRIKE]CC 3: £1000[/STRIKE]
CC 4: £1000 / CC 5: [STRIKE]£150 [/STRIKE] / CC 6: [STRIKE]£500[/STRIKE]
CC 7: [STRIKE]£500 [/STRIKE]/ [STRIKE]CC 8: £1183[/STRIKE]/ [STRIKE]CC 9: £1639[/STRIKE]
Total debt: [STRIKE]£6,423[/STRIKE] :mad: £[STRIKE]6,128[/STRIKE] [STRIKE]£5,978 [/STRIKE][STRIKE]£4,099[/STRIKE][STRIKE]£3,639[/STRIKE]0 -
Good luck - hope it all goes well for you. I have a sewing machine too but I only just started so have a way to go before I can start making shirts and trousers!!!Mortgage March 2013: [STRIKE]£55,956 [/STRIKE]£38,500 (aim to pay off by 2020)
Overpay aim 2013: £9,974/ £5,000 :T:T:T
Overpay aim 2014: £3,800/£12,000
Kitchen and curtain fund: €1,000 / €4,000
Emergency fund: €1,000 / €2,0000 -
Got a payment in last night - two weeks before due date :j:j:j
After putting tax money aside and keeping some living money I have managed to pay off a CC 2 and 8 :T
Nice start to my weekend. Both cards will get cancelled on monday[STRIKE]CC 1: £102[/STRIKE] / C[STRIKE]C 2: £349[/STRIKE] / [STRIKE]CC 3: £1000[/STRIKE]
CC 4: £1000 / CC 5: [STRIKE]£150 [/STRIKE] / CC 6: [STRIKE]£500[/STRIKE]
CC 7: [STRIKE]£500 [/STRIKE]/ [STRIKE]CC 8: £1183[/STRIKE]/ [STRIKE]CC 9: £1639[/STRIKE]
Total debt: [STRIKE]£6,423[/STRIKE] :mad: £[STRIKE]6,128[/STRIKE] [STRIKE]£5,978 [/STRIKE][STRIKE]£4,099[/STRIKE][STRIKE]£3,639[/STRIKE]0 -
Good luck with the journey to debt freedom.
I hope you don't mind but I have subscribed because a) I'm nosy and b) I'm a fellow sewer.1 debt v's 100 days chapter 34: T3sco bank CC £250/£525.24 47.59%
[STRIKE]MBNA - [/STRIKE]GONE, [STRIKE]CAP ONE[/STRIKE] GONE, [STRIKE]YORKS BANK [/STRIKE]GONE, [STRIKE]VANQUIS[/STRIKE] GONE [STRIKE] TESCO - [/STRIKE], GONE
TSB CARD, TSB LOAN, LLOYDS. FIVE DOWN, THREE TO GO.0 -
Another customer coughed up and managed to pay off £540, so now I am down to £4,099
Still a lot of £££
If I ever let this happen to myself again I am going to she a psychiatrist as I obviously have deeply rooted issues!!!:o[STRIKE]CC 1: £102[/STRIKE] / C[STRIKE]C 2: £349[/STRIKE] / [STRIKE]CC 3: £1000[/STRIKE]
CC 4: £1000 / CC 5: [STRIKE]£150 [/STRIKE] / CC 6: [STRIKE]£500[/STRIKE]
CC 7: [STRIKE]£500 [/STRIKE]/ [STRIKE]CC 8: £1183[/STRIKE]/ [STRIKE]CC 9: £1639[/STRIKE]
Total debt: [STRIKE]£6,423[/STRIKE] :mad: £[STRIKE]6,128[/STRIKE] [STRIKE]£5,978 [/STRIKE][STRIKE]£4,099[/STRIKE][STRIKE]£3,639[/STRIKE]0 -
What a great start you have made
You will soon be in the £3,000's
Hope job goes well.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0 -
Impressive... I am seriously considering to sell my other bike and keep the other for transport to work.0
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