The end is in sight

ShirePiskie

ShirePiskie wrote: »

Tesco Credit card - September 2014
Overdraft - June 2015
AA Loan - May 2015. Humph.
Barclaycard and DEBT FREE - October 2015

Spreadsheet tinkering has become an addiction.

Was making readjustments based on saving for a holiday next Easter and am really pleased with a few changes to my predictions.

Tesco CC will be paid off THIS PAYDAY! (3 months early)
I can actually reduce my OD to £500 at the end of August, earlier than I thought and overdraft GONE at the end of February! (4 months early)
DEBT FREE pay day end of August 2015 (2 months early)

:j

Of course this all involves me sticking to it and not going off the reservation!

There, I'm putting that 'out there' as extra motivation to get there!!!

t2rry

ShirePiskie wrote: »

Spreadsheet tinkering has become an addiction.

Was making readjustments based on saving for a holiday next Easter and am really pleased with a few changes to my predictions.

Tesco CC will be paid off THIS PAYDAY! (3 months early)
I can actually reduce my OD to £500 at the end of August, earlier than I thought and overdraft GONE at the end of February! (4 months early)
DEBT FREE pay day end of August 2015 (2 months early)

:j

Of course this all involves me sticking to it and not going off the reservation!

There, I'm putting that 'out there' as extra motivation to get there!!!

Know exactly how you feel! Can't.get.enough.

Amazing tinkering going on your end to make such an impact on your estimated end dates...have you planned in unexpected windfalls each month or are you just being tight (in a good way, if realistic!) with living expenditure????

What's your secret?!

ShirePiskie

I can be quite tight! Really helps seeing how close I was to clearing a debt. Eg my tesco cc would have been £30 and £20 payments to go but with having put little extras on there like eBay and money under budget on mobile and home phone bills on there has helped bring it down. And if I can scrape together £50 this payday then I say let's do it! Get it out the way.

I've started making every penny count, rather than having spare floating around at the end of the month that inevitably disappears into the ether. Yes, I don't have an emergency fund, but if push came to shove and it was needed, debt repayments could be at a minimum and that would free up at least £250 a month.

I've cut my spending budget by £20 a month to put that towards the holiday, but that still leaves me with £80, which, really, should be plenty.

ShirePiskie

Anyone know any good remedies for shock.


Post today.


Cheque from AA Finance for just over £4.3k!!!


This is for my PPI claim. I am OVER THE MOON.... BUT...

also, this is actually only HALF my award, the other half is being sent to my ex as the loan was in his name as well. GGGGGGGGAAAAAAAAAAAAAHHHHHHHHHHH!!!!!!!!!!! I have just sent him an email in the hope he will be reasonable and either contact AA Finance to say he give up his half or sends me on the money.


How is it possible to be SO ELATED and so churned up with anxiousness at the same time.


If he's fair and not a complete d!ck (I really don't know which way he'll go) that's me debt free!!!

t2rry

Oh my god that's amazing!

Well done you for sorting it out

(Also thinking If only id taken out PPI with something!!!)

Hope the ex is reasonable - fingers crossed for you x

ShirePiskie

I hardly slept last night, churning over this whole PPI re-payments m'larky.


Ex still hasn't replied, although I have a read receipt for the message I sent by email also sent through FB at 6.30pm yesterday.


I am going to phone AA Finance and explain the situation (edit: explain again. this was on my forms and mentioned in the phone call I had a couple of weeks ago) , because if they have sent his cheques (yes, plural, more on that later) to the last known address for him, they will be returned to sender/ vanish. Am hoping my providing bank statements I can show it was paid from my account only... although I realise that's no proof he wasn't giving me money towards it as cash... We separated in 2008, but I don't think I kept all the copies of my divorce paperwork, only the Decrees, which would have stated this.


Depending on the outcome from the conversation with AA Finance tomorrow, I may have to take legal advice as it's a LOT of money. Of course, it's no skin off AA Finance's nose if £5k's worth of their cheques are never banked!!! So I'm not over confident on them being accommodating.


Still time for the ex to reply, of course, and I could just be driving myself crazy for no reason.


So, yes.. chequeS plural and £5k. The £4.3k cheque I got yesterday was payment on the PPI for the loan currently still running... There's (half of) another £1.5k for the loan this superseded, I'm guessing, in the post!

ShirePiskie

SOOOO, what to do with this unexpected, not in the spreadsheet as yet, £5k (am not think about the 'other half' until that's resolved... but Disneyland is already at the forefront of my not thinking mind)????

• Am going to phone AA Finance up and ask for a settlement figure on the loan - I don't know if there will be a penalty equal to X months of interest?
• Clear the overdraft.

That would be all the debt I'm paying interest on paid off and me £230 a month better off.


By very much over estimating (I hope) a settlement figure, that SHOULD leave me with about £1k.


As I've mentioned before, we desperately NEED a new bed, so I am still going to see if I can get one on IF Finance for 10 months, maybe with some of the £1k as a deposit. If I can't get the finance, then the money will go on the bed (towards payment, not in an Indecent Proposal, gambolling in crisp five pound notes over the mattress kind of way).


If (lots and lots of ifs) I DO get the finance, then that will be a bit of 'mad money' for me and the husband and money towards the holiday at Easter.


Money extra free a month can be thrown at the Barclaycard (although no rush as is IF until July 2016) and I would be looking at a new DF date of April next year... or could take it a bit easier, extend the date and not feel like I'm scraping by.


Not ALL figured out yet, still a whirlwind of thoughts.

nellis10

I'm not going to put a dampener on your windfall, I think it's great news...BUT...do you really want to get more finance in place when you have worked so hard to get debt free?

Remember - Finance is Debt!

Start putting some of your free'd up money away for a new bed and pay it off once you have the balance accrued.

Once again, I'm so pleased you got a windfall, but I am playing bad cop here!

ShirePiskie

I know, Nelly, all you are saying is true... Hmph... Am waiting on a loan settlement figure this afternoon... By the sound of it they have to get their abacus out to work it out... That will then give me a clearer idea of what £££ I've got after debt cleared.

Cheque is made payable to Mrs Shire Piskie, even though I've been Ms Shire Piskie on their records for quite some time, so am hoping the bank will still accept it. It's attached to remittance advice with my full name and address on it, so hoping so, otherwise will have to get it reissued and if I have to speak to another call centre drone I may scream!

No news from the ex. AA Finance have said they will award me all the claim if they get a written letter of authorisation signed by both of us, easy in practice, but that relies on him responding in some way and not playing out some sort of passive-aggressive punishment for perceived crimes on me, like when we were married (overshare?).

Ye gods I'm an ungrateful wench, I've just had a windfall (granted ££ I've paid out over the years) of £5k and I'm whining. Off to slap myself into sensibility.

giblet1979

I hope it works out for you with the ex, but what great news anyway! x