What to pay first?

fed_up_of_debt

Thank you.. I wish I had had the courage to find all of you earlier! But now that I have, I am so grateful for the advice and its given me the push to continue!:o

Life slows down a lot when you write down and take stock of your debts! I keep paying and waiting for next week.... I am pleased with myself so far and have learnt a lot in these past weeks:D

The replies have encouraged me to plough forward... don t put anything down or I will sell it :rotfl:

I ve have only been at this for 22 days:eek: - only 4 years 343 days to go!!:rotfl:

Olivia-Louise_2

No practical advice but look forward to following

fed_up_of_debt

Coming to the end of my first month and writing the debts down ( and especially updating them when Ive made a payment has really helped)

My loan has gone down £200 (an overpayment of £40.44)
Lloyds cc down £450 (overpaid £250)
Halifax cc down £340 (overpaid £335)
Mint stayed same
Flybe down £100 (overpaid £75)

Its been a slog, worked lots but on right track - I originally wanted to pay overdrafts, but this such a long winded process and I had so many debts to pay instead

Thank you those who have helped me start off, I feel like now I cant let people down on here

I have only really made one purchase which was unnecessary but fun! Tickets to see a band in December, but Im happy with that

hohum

Just reading over your thread, totally sympathise with the 'how do I prioritise' thing. I saw you mention you get otivated by seeing how much interest you would save...have you ever tried entering your unsecured debts into the snowball calculator? I found it really very motivating....http://www.whatsthecost.com/snowball.aspx

fed_up_of_debt

Woooo! I love love love this snowball calculator, did I tell you I love the snowball calculator!!! I am so excited :beer:

So I start out a month ago - with a plan to pay off my overdraft, and now Ive got a plan, loan & credit card free:T

Now the snowball calculator says that at this rate I could be loan and credit card free in two years:D Love it:cool:

Ok so now I know....yay! Debt free by May 2015

Thanks hohum:A

hohum

fed_up_of_debt wrote: »

Woooo! I love love love this snowball calculator, did I tell you I love the snowball calculator!!! I am so excited :beer:

So I start out a month ago - with a plan to pay off my overdraft, and now Ive got a plan, loan & credit card free:T

Now the snowball calculator says that at this rate I could be loan and credit card free in two years:D Love it:cool:

Ok so now I know....yay! Debt free by May 2015

Thanks hohum:A

Errrrr not quite clear, did you say you love the snowball calculator?

So glad you found it helpful!

fed_up_of_debt

Month 2 starts tomorrow If anybody wants their life to slow down, then ask them to concentrate on paying off their debt, as last month was the slowest month I have ever had!:p

Well I rang sky and told them that I wanted to cancel sky movies and sports as I didn't need them anymore as the world cup was on permanently and was on the "normal" channels, so they reduced my bill by £30 month for the next 3 months! :eek:Not bad for one phonecall! :money:

I have found some old gold jewellery to take to the buy gold shop this month, one gold earring and a sapphire pendant off a necklace.. all helps to pay towards something.. its just getting the time to take it:(

I am thinking constantly now of ways to maximize savings and I am conscious of any spending....

I remember being told, there is no point in putting the taps of the bath on full - if the plug isn't in!:rotfl:

fed_up_of_debt

Bagged up two bin bags of old clothes ready for tomorrow to take to the clothes for cash shop , found another gold earring ( but still havent found time to take the other gold bits!):mad:

Sold on local facebook site and made £15:D

Ready to pay £15 off Halifax tomorrow + clothes monies, getting there only £150 left on that one now ( was £500 a month ago):T

fed_up_of_debt

Paid £15 off Halifax, clothes made £3.78 and gold getting sold on Saturday

Totals coming down, slowly but surely!

Spent £107 on clothes for son but accounted and paid for:cool:

Saved £100 for son for uni accomodation deposit:D

fed_up_of_debt

Gold - one item not real gold:eek: one item sapphire and diamond and place only gave money for gold not stones (so kept:p)
Gold earring - hollow and only £3.80:rotfl: oh well it was only in a drawer;)

Paid another £125 off this week - Halifax down to £120, so will be gone soon;)

Keeping budgets tight and fridge and freezer full, so happy:T