The only way is down (for the balances)!

dawnybabes

Great position to be in, getting an emergency fund sounds like a good idea, then you can add to it or use to for F and F offers.

Happy Easter :-)

submarine76

Great news on the financial front Cat, looks like your hard work is starting to reap rewards. Enjoy your bank holiday weekend.

in_need_of_direction

Cat, something hit us this weekend and we are gonna have additional outlay but happily have our emergency fund. I'd strongly suggest you build yours up to a good level before upping payments. It's bad enough worrying about family without having the finance worry too

catandy

point taken about the emergency pot/ fund. and yes it makes sense, I can almost taste starting to pay off some of these debts and I'm desperate to get started but as you say something goes wrong and I'm stuck again so - time to put my sensible head on. Thanks everyone

catandy

I've just negotiated a 50% full and final agreement with one of the smaller credit cards to be paid at the end of the month from my bonus -. not a lot in the great scheme of things but it takes 1.5% off my total owing in one big chunk and wipes a creditor off completely. ooh yess!! doing the victory dance now!!


one down 14 more go to!!

in_need_of_direction

Brilliant news. And it frees up that amount of repayment money each month.

catandy

absolutely so that sum is earmarked to another bill meaning that will be clear in 3 months now instead of 6. this is starting to happen at last!

dawnybabes

Love it when it all starts snowballing :-)

catandy

And I got my announcement on my bonus from work yesterday which is more than I expected so Im going to use the extra to pay out of a bill completely.


I'm using the extra I wasn't expecting to buy out of the one bill I am left with as a legacy of the situation with the ex - its a mobile bill for him and his daughter and it finishes at the end of the year anyway. By paying it off early and paying out of it any ties I had to the ex dies completely plus I'm another £61 per month better off. Time to see those balances start dropping me thinks!

catandy

huge jump down in the balance owing with 3 of the smaller debts cleared completely and that money assigned from next month to the first of the biggies. Time to start making some serious headway with this at last.


Had a review at work as well regarding my sales and commissions and another 1050£ worth of commission just fell out of the woodwork. It hits my account next month so its going to be a bumper month. I'm becoming more upbeat just by seeing this finally start to happen and me and the kids are starting to live ever so slowly. So glad I made it this far, I know I can crack it now, it's just keep doing what I am doing!