Debt free in 23......

zenshi

Ok, well".............

I had roughly guessed my debts to be around £25K.....sadly not!

My daughter did a snowball calculator and sadly, my debts added up to around £29K :eek: AND I have already cleared my mortgage arrears

Hey oh, let's press on!!! It will not beat me......

zenshi

Thankfully I had a good December work wise and that's got me through January which is always quiet, as is Feb. I was fairly busy in a Jan but with new customers taking up my introductory offer so sadly the money is not up to what I needed but they will be back. Half already re booked

I have managed not to use wages from my new job on living and if this continues, then I will have paid my daughter back by mid April

zenshi

OK, tallied up debts as of Jan 15.....

Credit cards x 7 £21,539.99
OD £1,300
Tax credit overpayment ££1270.90
Owed to DD £700

So total debt overall.......£24,810.89

zenshi

I have already paid off my mortgage arrears totally. I have no idea of how much in total I've paid off my entire debts but will use here figures and start a percentage chart now

zenshi

It never rains, just bloody pours

My car got sick and there will be a hefty bill but I have no choice. Things were going so well too........

zenshi

OK, this years goals!

Works going very well at the mo and I and using my other jobs wages just to chuck at debts. I havent upped my CC payments as they're ticking along nicely and I need a bit of a buffer/emergency fund as had I had one, then the car wouldn't have been so much of an issue

Anyway, if poss I will allocate my other wages to my goals which are

1.... Clear overdraft £1300
2.....Pay back daughter £500
3.....Pay car bill £500
4.....save £100 per month as per budget for car tax, MOT and insurance, house insurance, oil and a boiler service
5.....humongous tree in garden needs pollarding £500
6.....sell enough of my stuff to put towards getting my woodburner installed
7.....get roof mended approx £600

This is as well as chipping at the CC 's and any spare will go to an emergency fund

zenshi

And here we are at the end of July, nearly six months has gone since I updated here! Have been very busy work wise thankfully.

A few of my yearly goals have already been achieved Have paid daughter back totally, car bill is paid. eBay a bit slow as I struggle to find time to list

My roof was a pressing need and is due to be started in the next few weeks but since I will have scaffold up, the cracks in the render will be sorted and I will paint the house at the same time. No point getting things done and not taking care of it. I saved a couple of hundred pounds by getting the paint mixed rather than buying the brand and have been putting money in a pot to pay for the repairs over the last few months so I can actually pay for it straight away

My money in budget pot is working very well. Each big yearly bill that comes in, I can pay! I even bought heating oil and saved myself around £50 by not buying it in November

Couple more months and my overdraft will be gone.

New aim this year is to be below 20k by New Year. Doable if I carry on working at this rate
Total debt stands at £23,191 as of today

zenshi

Doesn't time fly!!!

Debts have been coming down, slowly but surely. Total now stands at a tad over 21k but I have at the latter half of last year.....saved for and got sorted new fridge, roof mended, render done, new front door bought and fitted

I have a new car also courtesy of my best friend. Sadly I no longer have my best friend due to breast cancer

Since her death, I have been throwing every spare minute at work to keep myself occupied

Attempting to get new mortgage deal this week, fingers crossed

Kitten868

I'm so sorry you've lost your friend.

Glad things have been improving you for debt wise though Keep going. I hope your daughter is still at home keeping you fed on a budget xxx

clearmydebts

So sorry to hear about your best friend xxx