The march to financial freedom

Ali-OK

Evening Diary,

Had quite a lazy day today - nice lay in, mid morning shower and breakfast and have chilled out, mostly reading stuff on MSE and working out the plan of action for interest earning accounts

Got a few admin jobs done and started looking at the study declutter that needs to happen!

Found out I'd made a big boo-boo when I checked my bank account this morning, I'd accidentally paid the T@lk T@lk speedy payment using my CC and not my DC. Grr, that'll teach me not to do 2 things at once, but hopefully won't be detrimental to my 0% balance and have set up a payment for £322.69 to go on Monday - £300 off the debt :j, the rest is the TT bill :mad:

Hoover repair or replacement to sort out still, but will bring my other one back from the office for now. Really don't want to be paying out for one!

Dinner was batch chilli, but forgot to get garlic bread in weekly shop, so a trip to Sbugs for that, plus some YS goodies of meat and fruit. Spent @ £9 (can't find receipt), but will add that to sig.

TV night with the dogs keeping me warm, daren't get off the sofa as won't get my spot back :rotfl:

supersaver1000

Ali. Your last but one post made me laugh. Does springer postman have a posty hat and bag. And maybe a black and white cat.

Oops to the DC CC error. Yesterday I checked my Tco CC and there was a balance of 20p. I got a bit stressed as the payment day had gone, thinking I'd be lumbered with interest. However your post just made me think again and I actually have paid all last statement balance and more, so no interest. Phew. Sometimes we are operating at 90 miles an hour I guess.

Ss1k household is feeling very zen at the mo. DH is having job probs but leading to SE methinks. We may need a loan for start ups, but he is going to keep separate from our personal stuff. I hope he is MSE enough now. :eek:

Ali-OK

Springy doesn't :rotfl: but Doodle is often seen with DS's beanie on with blonde fuzzy hair stuck out all round . Today he has fetched me the local free paper and put yet another kebab leaflet under the bed :rotfl:

Know what you mean how stressful these odd things on the CC balance are - glad yours is ok and am hoping mine will be too. Will be really cross with myself if interest appears next month. I'll have to pay the whole lot off if that happens - least the funds are there if need be. Not ideal as holiday spends and stuff will be coming out next month and I'll be heading way under the £5k bar as it is.

Good to read a happy SS household and SE for OH might be a fab way for him to be fully MSE'd .

Here, I've lost my mojo for all things housey - a lovely day and I decide to go to the office and do 'stuff'. More motivated on that front than home and DS was in homework mode with nose in book and pen to paper. Good lad

That large 2.5kg YS pork joint has cooked to perfection so just waiting on the veg and we'll have a super duper roast dinner shortly. Will slice it all and freeze what we won't eat tomorrow and Tuesday. Might buy some spinach as got a few 'mix anything in' plans for dinners with it

Gas and elec readings done - quite high usage last week in both areas. Time for onesies and candles again to bring those down

Not much else to report, just DS's shirts still to iron and his lunch to do. I did think of a couple of other relevant things I've done but have forgotten them now!

Ali-OK

£300 off the CC this morning :j and now into 3 figures - £900 to go to the very end of CC Debt-doom Sig updated.

Just a nail biting time to see if that TT bill wrecks my clean sheet with any interest, don't think it will as there's none on the statement and I've paid it off with the chunk anyway.

Work ticking along nicely, though a tad quieter for billable stuff and therefore an opportunity to plan March and start work on the new tax year spreadsheets and files so they're done before I go on holiday and return to work on 8th April. Which leads into the study declutter as I'm determined to finish that off from the office move..which was 6 months ago this week! Flown by. :eek:

Hope everyone's week has started off well.

Brogden

Ali-OK wrote: »

£300 off the CC this morning :j and now into 3 figures - £900 to go to the very end of CC Debt-doom Sig updated.

Just a nail biting time to see if that TT bill wrecks my clean sheet with any interest, don't think it will as there's none on the statement and I've paid it off with the chunk anyway.

Work ticking along nicely, though a tad quieter for billable stuff and therefore an opportunity to plan March and start work on the new tax year spreadsheets and files so they're done before I go on holiday and return to work on 8th April. Which leads into the study declutter as I'm determined to finish that off from the office move..which was 6 months ago this week! Flown by. :eek:

Hope everyone's week has started off well.

Hi Ali,

At the time I 'enjoyed' my credit cards, I had cards with 0% balance transfers and spends on them and there were two separate totals or even a third if I included naughty cash withdrawals .

The issue is the priority that is given to which element when a payment is made. Some of the banks are extremely sneaky and it is the lowest rated element that receives the payment :mad:. I remember Nationwide were quoted as being the fairest in this. Doesn't your credit card statement mention the allocation....or the info should be in a T's &C's leaflet or on the website?

Hope it works out all 'Ali-OK':)

beanielou

Great news on the CC :j

Ali-OK

Good point Brogden, I checked the T&C's online and it says payment to highest interest part first (so that would be the TT bill), as well as new purchases don't accrue interest if paid within the due date it appears on the statement - so I'm fine on both counts. Phew

Thanks Beanie - I'm getting just a little bit excited now and impatient to crack on with savings.

Today I popped into town and got the Year End box file I'll need to put this year's accounts into (for the loft, will be a pile of 5 tax years then :eek:) and also decided that if I put £25 per month into DS's other account with H@lifocks then after 12 months of that and his Reg Saver, he'll have £1500 towards Uni plus interest. So deposited Feb's £25 and that's up to £250 across both accounts. Might then have to look at Junior ISA because of the limits on £100 gross interest from parental gifts.

Have booked the car in for it's 1st service too - can't believe it's nearly a year old. Nothing to pay though as it's on a plan through the business. As is the paying for the car, but will only be another 12 months until it's decision time to change it or pay a lump sum and make it all mine. Even more reason to keep saving as much as possible.

All the usual financial checks done:

- Nectar card up at £29.50
- Inbox Pounds up at £6.17

No post today :rotfl:

Brogden

Nice one Ali!

I have been in the position of repaying 0% finance whilst a spend chargeable at 19% APR or whatever is left to compound and the only way I can kill it is by killing off all of the 0% first. I hate them !!

Brogden x

Ali-OK

Twas a rather large and lucrative trap they set - I remember it well - never use the 0% BT card for anything, except paying off over the period. That was probably a Martin mantra :money:

Ye olde brain cells were working overtime and I'm pretty sure the laws changed on it after the financial crisis to what we see now with the summary box and what gets paid first. A good job after my little faux pas.

liltdiddylilt

Hey there

Sorry I have been watching but trying to keep up with PM's and homelife has meant no posting. Gutted about using the wrong card. I know all the last 4 digits of all of my cards ridiculously well. It is borderline weird since I have about 8 on the go right now :rotfl:

I am so lucky I was never in the position of using a 0% card and spending on it. I did however let a 0% run out and blithely carried on paying the minimum for a year. at 31% :eek:... I paid off £30 a month, and in the end, I had only dropped the balance by £30 in just over a year. LBM right there.

The law has changed, so they have to allocate the payments to the highest debt first now, which is far far fairer!!!

Am so excited for you that the CC is now into triple figures!! And then some, by a whole £100 :j

Big hugs!! And I want your dog. A LOT xxx