Shifting this debt one £ at a time.

jwil

Well my deciding to pay for listings has really paid off :T Since I relisted yesterday, I have sold 6 things that I wasn't going to relist, but decided to as it was close to Christmas :j

I'm so pleased about that, and it's stuff that's been hanging around a while as well so it's nice to see the back of it.

I've updated my payments, but have sold a few more things today, so will be able to make another payment tomorrow once postage etc is sorted.

In the past I've always kept money back in case I need it. Inevitably, I've always 'needed' it. Now, I'm making a payment as soon as I sell something, and that is really keeping my motivation up as I can see I'm paying off something, even if it's only a small amount. I should have learnt ages ago :doh:

I'm trying to keep a £20 'float' in my bank account for emergencies, but other than that, everything else is being sent straight to the debts. Long may it continue! I've got to get some more stuff sorted out though so I can get some new bits on. Hopefully my existing stuff will carry on moving out though.

jwil

I've managed to get quite a few surveys done today, so pleased with that. I'm also trying to get on top of some other 'admin' type stuff, which keeps me distracted from doing the moneymaking things.

If I can keep on top of things, then maybe I can get this debt smashed quicker, rather than getting bogged down with it all.

Chocforever

Hi jwil


It's great to read that you doing so well with the debt payments. It is a good idea to move the cash straightaway so you see the benefit of the sales - makes packaging the sales more palatable!


One of the DFW challenges includes the idea of paying as much as possible off the debt on payday and forces people to live off the balance for the rest of the month. I find this a bit scary to be honest and I would always be tempted to hold some money back. Maybe keeping a small buffer, as you have done, is a good compromise. Thanks for the idea.


Keep it up!

jwil

Hi Chocforever I pretty much do that anyway as my payments are pretty much my whole wages

It really does seem to have made a difference doing it this way, I wish I'd started earlier, it seems so obvious really, and others I know do it. Hopefully I can keep it up.

How are things with you?

jwil

Well I've just had a statement from my loan, and the balance is almost £50 less than I thought it was! :T :T

I've paid more presumably since the statement was printed, but not sure how much, so I'll go with the official balance, and look for an updated one next month.

Off to update my sig

Chocforever

I'm fine, thanks. I am settling into my new home. It is a big relief to be in my own home after a couple of years of searching for a house whilst living in a noisy rented flat and having two purchases fall through. I am really pleased with the house and it was worth the wait. It came with a £225k mortgage (eek!) so really need to keep chipping away at the mortgage as I would like to pay it off well before its 25 year term. I also need to build up some savings as they got rather depleted with the move. I feel a bit vulnerable having such a big mortgage but it had to be done to buy a house in my area and after many years of living next to noisy neighbours, I was desperate to buy a detached house.


I've spent quite a bit on the house since moving, getting a few jobs done and bits and pieces. But now I have reached the point where I need to get back to normal money-wise and try to cut back on day-to-day spends.


Very good news about your loan!

jwil

Congrats about the house purchase! Glad you are enjoying it, and I'd go for detached every day if I could.

I'm sure you will soon start chipping away at the mortgage and get it cleared early.

jwil

I'm feeling terrible today and was up all night being sick. I am in the office, but going home soon.

Little jwil had a very disturbed night too, so that didn't help.

Not much moneysaving for me today. I did sell a couple of items overnight, but it will probably take all my energy just to pack them, so I'll have to make payments tomorrow if I'm feeling better.

I was hoping I'd missed the bug, but apparently not.

abba1772

Hope you and baby jwil feel better soon xx

tattycath

Hope you are all feeling better soon jwil. Xx