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Our Journey to a Debt Free 2016

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Comments

  • MrsSave
    MrsSave Posts: 1,817 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    Hi Pink Poppies. Lovely diary and well done on your debt busting so far. We aim to be debt free around the same time as you - by Christmas 2016!!

    I loooooove pinterest, but seriously hadn't thought about using it for recipes :doh:

    Subscribing :D
    Starting a new debt free journey
    Starting Debt: £5,250
    Current Debt: £4,995.50
    Amount Paid: £254.50 Percentage Paid: 4.84%
    Emergency Fund: £350
  • Hi MrsSave! :wave:

    Thanks for popping by! Christmas 2016... so near and yet so far isn't it! :rotfl:

    Pinterest is great for recipe inspiration!!
    Total Starting Debt August 2014- £38,061
    Current Debt- £3600

    Mortgage Offset Savings- £600
    90.5% paid off so far...
  • MrsSave
    MrsSave Posts: 1,817 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    I liked what you said earlier, though, that we will be able to say soon that we will be debt free next year! I hadn't thought of it like that!
    Starting a new debt free journey
    Starting Debt: £5,250
    Current Debt: £4,995.50
    Amount Paid: £254.50 Percentage Paid: 4.84%
    Emergency Fund: £350
  • Just checking in, without much to report! Busy day working but no new money coming in.

    STILL grappling with the utilities company who for some reason can't seem to refund the money (nearly £500!) they owe into our account... they've added a another £20 to the compensation total but I JUST WANT OUR MONEY!!!! Grrrr!!!!

    Hope you all had a great weekend!
    Total Starting Debt August 2014- £38,061
    Current Debt- £3600

    Mortgage Offset Savings- £600
    90.5% paid off so far...
  • Hi Pink

    How was the steak? We had steak too (DH is a butcher ;))and is was yum. It's scary that 2014 is nearly over. It's flown by. I hope things slow down when I am DF so I have time to enjoy being DF :) I can't wait until you meet your target for 2016 - what a Christmas gift that will be to yourself and we'll all be cheering you on from the sidelines. You have to come back Sept 2017 so see me becomg DF too ok? lol

    Take care xx
    Debt - CCV £3792
    CCB £1383 (took a hit for a holiday)

    Loan 1 £1787
    Loan 2 £1683
    Total £8601 Was £39302
  • Been a bit quiet this week due to the dreaded sickness bug hitting our house. NOT FUN.

    Not only has it not been fun it has also been expensive as we have spent money we wouldn't have done other wise on things like rented movies and toys to occupy ill children, wine to maintain our sanity, and pricey impulse top up shops to keep us going. Oh, and extra cleaning supplies! :cool:

    On a more positive note I hopefully have another £100 of income hitting my account this week, and it *touch wood* looks as though we will finally get our utilities refund on Friday, with an extra £60 compensation on top.

    Current account isn't looking too bad so we might be able to skim off enough to get under £30k at the very end of the month... IF expected payments for various things appear in our accounts.

    Finding myself more and more stressed about Christmas spending, I seem to be suffering from a major issue with slackening the reins a bit on the frugal frontier! Have decided to CTFO a bit (chill the f*** out) and write December off to some extent. The thing is, we have done so well on overpayments since we started in August- paying 3 or 4 times the minimum payments- which is all great... but we HAVE to spend money on Christmas even if we are very careful with it, so might as well ENJOY spending what we have to, and be relaxed (but smart) about it.

    We already have lots of snacky food bought, and some wine. DH and I have agreed not to bother with anything but token presents to each other. We have set a £30-£40 limit for presents for our children from us. They are still young enough not to understand the value of money gift wise and will be spoilt by everyone else anyway. Christmas itself will be spent away with extended family so we will need to contribute fairly to that but all in all I reckon it we can do it ALL (tree, food, drink, presents) with £500. So, planning to set a low CC target of £200 next month, and anything else will be a bonus.

    Now the decision has been made I can stop worrying about it and start looking forward to ENJOYING it, and make the extra expenditure really count- lots of happy memories, smiles, laughter, and fun.

    Lucky you being married to a butcher DF!!!!! Yum! Of course I will keep in touch! Who knows what the future holds... perhaps we will suffer a major setback and you'll have a windfall in the meantime! DF dates are all a bit finger in the air aren't they... x

    The steak was beautiful, can't beat a good rare steak!
    Total Starting Debt August 2014- £38,061
    Current Debt- £3600

    Mortgage Offset Savings- £600
    90.5% paid off so far...
  • Wise words regarding Christmas PinkPoppies! There is no point being so frugal you cant enjoy it. Its the laughter and memories that count anyhow.
    Crunchy x
    19/8/19 vs now Current Total debt £14,188 Savings £2757
    Overdraft £1600 vs £1050
    HSBC1 £1900 vs £3868
    HSBC2 £4100 vs £3730
    Virgin 1 £3050 vs £2800
    House stuff and improvements £4460 Virgin 2 £2740
  • Yeah, I definitely feel better about it all now I have made the decision! Fun and memories it is! :j

    Skimmed £90 off our current account today and onto the CC. I know I go on and on about how time flies but wow, November has been the quickest month yet! Payday is less than a week away, how did that happen???

    So, if I get the payments I'm owed this week we should scrape under £30k by the skin of our teeth this month!! :D
    Total Starting Debt August 2014- £38,061
    Current Debt- £3600

    Mortgage Offset Savings- £600
    90.5% paid off so far...
  • Only £60 to find to get sub 30k now... so close!!!
    Total Starting Debt August 2014- £38,061
    Current Debt- £3600

    Mortgage Offset Savings- £600
    90.5% paid off so far...
  • Wahhooooo you will do that easily - what a mile stone in time for xmas, well done you!
    Debt - CCV £3792
    CCB £1383 (took a hit for a holiday)

    Loan 1 £1787
    Loan 2 £1683
    Total £8601 Was £39302
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