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Fighting for a Debt Free Future

2

Comments

  • sistafromanothermista
    sistafromanothermista Posts: 2,230 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    :beer:
    On the journey. You sound as if you and the missus have it figured out and sometimes that can be the hardest part (getting the OH on board)
    You'll be DF in no time with the mindset you have :D:D:cool:
    DEBT FREE AND PROUD:D
    'Better to remain silent and be thought a fool than to speak out and remove all doubt'
  • Smithyboss
    Smithyboss Posts: 22 Forumite
    That's great news on your CC's! Well done!
    Mortgage - £78,982.40 4/10/13
    Barclaycard - £1200 - 4/10/13
    Virgin CC - £1315 - 4/10/13
    Bank of Scotland CC - £1817 - 4/10/13

    I want to be mortgage free by the time I'm 40, 11 years to go
  • HOK3Y
    HOK3Y Posts: 1,667 Forumite
    Debt-free and Proud!
    Love this diary - so positive and upbeat! You are dead right about keeping a positive mindset. Not easy sometimes but pretty crucial to success. I wish you all the very best in your journey although you are already doing remarkably well! :)
    Credit Card Freedom gained 14 Feb 2014!!
    Total Debt Freedom gained 29 Apr 2014!!
    Savings goal 30/9/23: £72,000/£538,001.....yes I'm serious!
    Total Debt August 2013: [STRIKE]$21,587[/STRIKE] April 2014: $0!!!!:j
  • SkintLittleFingers
    SkintLittleFingers Posts: 30 Forumite
    Hello Diary,

    Thank you Sista, HOK3Y and Smithyboss for the kind comments.

    I am pleased to report that by the end of today I will now have completed 3 NSD's.... Yay!!! This "NSD Challenge" is getting quite addictive (Signature updated)..

    Roll on Payday, when I can pay some more negative wealth down.

    As always, good luck and good fortune to all my fellow DFWs'

    Kind regards SKLF
    H**if*x C/C = £770 02/14
    Family Loan 10/13 = £3,150.00 Now = £0.00 02/14
    Bank Loan 09/13 = £21,266.76 Now= £19,800.72
    :oPaying it my way..... £1 at a time:p
  • beanielou
    beanielou Posts: 98,843 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Have you joined the NSD challenge thread?
    Tis a nice thread :)
    https://forums.moneysavingexpert.com/discussion/comment/63401630#Comment_63401630
    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.
    One debt remaining. Home improvement loan. 20 months left.
  • SkintLittleFingers
    SkintLittleFingers Posts: 30 Forumite
    Hi Beanie, thanks for the heads up.. I'll head off over there now for a look.

    Regards SKLF
    H**if*x C/C = £770 02/14
    Family Loan 10/13 = £3,150.00 Now = £0.00 02/14
    Bank Loan 09/13 = £21,266.76 Now= £19,800.72
    :oPaying it my way..... £1 at a time:p
  • SkintLittleFingers
    SkintLittleFingers Posts: 30 Forumite
    Well.... Payday has arrived. Bank accounts checked. Plans made.

    I am really pleased because I should be able to pay £542 onto C/C3 and save £150 into an emergency fund.

    I know there are some on MSE who would say throw every penny at the debt and use the C/Cs' to cover any emergency. However, I don't think that approach suits my mentality. I prefer to pay "chunks" off my debt each month, whilst slowly building up an emergency fund. Indeed that is what I shall be doing with C/C3, so by the time Xmas 2013 arrives I hope to have cleared it.

    That brings me nicely to the subject of buying Xmas presents....Now like most men I hate most shopping (unless its a new car, PC or TV :rotfl:). Luckily for me, my family is very small so Xmas shopping is not a problem...except for buying my wife's present (this is always a last minute purchase:eek: Very risky strategy!!).

    So to the New Year, I should hopefully be in position to start paying down the family loan next.....

    Hope you all have a great weekend and keep a tight grip on your pennies ;)

    Regards SKLF
    H**if*x C/C = £770 02/14
    Family Loan 10/13 = £3,150.00 Now = £0.00 02/14
    Bank Loan 09/13 = £21,266.76 Now= £19,800.72
    :oPaying it my way..... £1 at a time:p
  • sistafromanothermista
    sistafromanothermista Posts: 2,230 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    :wave: SLF. I too prefer the 'paying chunks off' approach. i think it really helps seeing it come down in large amounts :)
    We have an emergency fund too (£750) we could pay it off the debt but it's better to have a buffer so you don't rely ever again on CC.


    Keep up the great debt busting :):money:
    DEBT FREE AND PROUD:D
    'Better to remain silent and be thought a fool than to speak out and remove all doubt'
  • SkintLittleFingers
    SkintLittleFingers Posts: 30 Forumite
    Hi Sista, thanks for dropping by..... Yes I prefer to build up an Emergency fund as well, purely to stop me from using the dreaded plastic :mad::mad:

    Well this week has been a long slow week as I am currently working nights, still only two more left now then 5 days off :j
    Still one good thing about working nights, I don't think about spending cash I haven't got!!! Had to buy some bread and diesel on Monday, but yesterday, today and tomorrow will be NSDs' so that's good news.

    Take care everyone... keep plodding on....

    SKLF
    H**if*x C/C = £770 02/14
    Family Loan 10/13 = £3,150.00 Now = £0.00 02/14
    Bank Loan 09/13 = £21,266.76 Now= £19,800.72
    :oPaying it my way..... £1 at a time:p
  • SkintLittleFingers
    SkintLittleFingers Posts: 30 Forumite
    Hello Diary, just dropping in to report another NSD for today :j

    Unfortunately yesterday was not :mad: I had to buy a new printer cartridge set for £30 as my wife needed to print off some research for her work. Still it didn't turn out too bad, when I went to the till to pay, the assistant told me I could buy another for half price and then she said there was a money back offer on my next purchase...... so I ended up with two cartridges worth £60 and I paid .......£33.75 :T

    I am off work for a couple more days, hopefully they will be NSDs' . I just need to find something to occupy me, to stop thinking about money.... I have already planned the month out financially and have nothing pressing to deal with....until next payday anyway. I think I will review my C/C's and close any unrequired cards... that should help my credit file.

    Bye for now, and as always DFWs', Keep plodding on... we can and we will do it!!!!

    Regards

    SKLF
    H**if*x C/C = £770 02/14
    Family Loan 10/13 = £3,150.00 Now = £0.00 02/14
    Bank Loan 09/13 = £21,266.76 Now= £19,800.72
    :oPaying it my way..... £1 at a time:p
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