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Fabulously Frugal

Daisychain1
Daisychain1 Posts: 212 Forumite
100 Posts
edited 17 April 2014 at 7:14AM in Debt free diaries
Hi all,

As I fast approach my 32nd birthday I am feeling somewhat in a financial mess. I have credit card debt, a loan and no savings :mad:
None of it is mega amounts but to me it is a huge weight on my shoulders. I feel I should be at a time in my life where I am focusing on saving for holidays, retirement etc and not digging my way out of a hole!!

Therefore this is my diary of climbing out of that hole and getting back on track by being fabulously frugal. All your comments and encouragement would be much appreciated along the way.

My plan of action will follow.

Many thanks in advance
DC1 :D
SPC9 #507
«134

Comments

  • Get cracking on the plan. Seeing what you need to do set out in black and white makes it easier to start.
    Mortgage at 01.01.14 £119,481.83:eek: today £0 Emergency fund £5.5/5.5k & £200/200 cash.:jWeight 24/02/19 14st 7lb now 11st 12lb determined to stop defining myself by my mistakes. Progress not perfection.:T100%through my 1% mortgage challenge. 100% through my pb challenge. I’m not perfect but I’m good enough for now.
  • Daisychain1
    Daisychain1 Posts: 212 Forumite
    100 Posts
    Thanks INOD. The plan to tackle the credit card is as follows.

    Pay off £908.16 by Christmas 2014. This will be achieved by setting up a SO of £100 per month to leave my bank on payday. Hopefully I will be able to achieve this sooner by saving up lots if little amounts along the way and maybe trying PADing. I would love to hear any PADIng success stories for inspiration.

    So no time like the present. Today I will
    have breakfast, lunch and dinner from stores.
    Take the bus to work instead of paying for the car park
    Set up SO from bank account to credit card.

    DC1 :)
    SPC9 #507
  • Why not post an SOA on here, there are always smart people lurking who appear to suggest ways of cutting costs.
    Mortgage at 01.01.14 £119,481.83:eek: today £0 Emergency fund £5.5/5.5k & £200/200 cash.:jWeight 24/02/19 14st 7lb now 11st 12lb determined to stop defining myself by my mistakes. Progress not perfection.:T100%through my 1% mortgage challenge. 100% through my pb challenge. I’m not perfect but I’m good enough for now.
  • Oooooooh that could have been me that wrote that post.

    I am almost 32, loans, credit cards & no savings.

    Are you my twin?!?

    Your plan sounds good but what on earth is Pading?

    Dxxx
  • Daisychain1
    Daisychain1 Posts: 212 Forumite
    100 Posts
    edited 17 January 2022 at 1:06PM
    Haha Dolly Rocker. At least we're in it together! Do you have a diary?

    I read about PADing on these forums a while ago. It's where you make a small payment daily to the nasty credit card companies. I think watching the amount owing drop daily might be the incentive I need to keep going.

    Feeling very motivated at the moment. Let's hope it lasts :)
    SPC9 #507
  • Upsidedown_Bear
    Upsidedown_Bear Posts: 18,264 Forumite
    10,000 Posts Combo Breaker
    Good luck with your plans Daisychain1 :)

    Have you see the Payment A Day thread?
    https://forums.moneysavingexpert.com/discussion/4936815
  • Aahhhh I like the sound of that tbh.

    I do have a diary it will be on the first few pages somewhere!

    Dxxx
  • Daisychain1
    Daisychain1 Posts: 212 Forumite
    100 Posts
    Argh.....why am I awake at stupid o clock on Good Friday :mad:
    It does mean however that I have been able to get my internet banking done this morning and round down the banks accounts. The new credit card balance is now £889.29 :j

    Today is going to be one, desperately in need, spring clean. I'm going to get started in a minute and hopefully still have enough time to spend some time in the garden and enjoy the lovely weather. It should also be an NSD day which is good.

    Have a good day

    DC1 :)
    SPC9 #507
  • Daisychain1
    Daisychain1 Posts: 212 Forumite
    100 Posts
    Well I didn't manage a NSD like I thought as I bought some chippings for the garden. I was very good and paid with cash and it's all in the name of home improvements. I also feel less stressed as the garden was looking horrendous but we've tackled a lot today and it looks much better. Just a shame there's no such thing as no grow garden spray to stop it from growing once it's looking good.

    The rest of the evening will be spent batch cooking some pizza bases and ironing and then curling up on the sofa with the remote control and OH........my life is so rock and roll :rotfl:

    Enjoy the rest of Good Friday :)
    SPC9 #507
  • Keep up the repayments, think how good it will feel to be able to say that you are debt free :)
    Total debt March 2014: £11,194. Now £4,198.
    0% CC1: [STRIKE]£2,240[/STRIKE] £0. 0% CC2: [STRIKE]£1,934[/STRIKE] £0.
    0% CC3: £0 0% CC4: £4,198.
    12.9% Loan: [STRIKE]£3,000[/STRIKE] £0
    14.9% HP: [STRIKE]£1,103[/STRIKE] £0
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