Pay ALL your debt off by Xmas 2015!

littlebitbonkers

#127 checking in, another £110 paid today, so new total is

£292.78/£2674.03

ali_bf

Just paid a couple of bills and still feeling disheartened as my overdraft (which has crippling charges) still isn't coming down as quick as I'd like. Still, the debt is reducing. On a more positive note, one of my mortgages is finished in 3 payments which will save me a grand total of £258 a month. All these unexpected bills and the forced purchase of a new car isn't great but heading in the right direction. Roll on January 2016 when both cars are paid.

Mat_Lock

amr547 wrote: »

They all are the same really, we are ruled out of help to buy equity scheme coz the houses in our area are way out of our price range! Don't fancy buying a flat.

Even worst here in SW London. Crazy house prices hence why can't find anything to buy outright (with mortgage)

Pablosammy

SpagBol wrote: »

Sounds exciting...

starnac wrote: »

Ooh exciting!! Can't wait x

Oh no, I think I've worded that wrong and made it sound more exciting than I intended... I just meant I was going to to a round of updates some point soon! :rotfl:

starnac

Pablosammy wrote: »

Oh no, I think I've worded that wrong and made it sound more exciting than I intended... I just meant I was going to to a round of updates some point soon! :rotfl:

:rotfl::rotfl:You got me all excited for nothing then!! :rotfl::rotfl:

bogbrsh250

not sure how to get a number properly but saw something about colour £3280

starnac

bogbrsh250 wrote: »

not sure how to get a number properly but saw something about colour £3280

Hi pablosammy runs this thread and will give you a number. Then you just need to say how much you want to pay off before Christmas. I assume that's the figure you've got above?

We are a nice bunch and we don't bite. Just lots of encouragements for each other. Welcome :hello:

SpagBol

Pablosammy wrote: »

Oh no, I think I've worded that wrong and made it sound more exciting than I intended... I just meant I was going to to a round of updates some point soon! :rotfl:

Oh well...could you just make up something exciting? I could do with a bit of intruige :rotfl::rotfl: I'm stuck at home with a poorly baby and I'm snotty myself so anything would do

bogbrsh250

thanks. yes that's what im hoping to pay off


got myself a list of targets for financial freedom.


1 be current with bills
2 hammer debt as much as possible
3 don't run up bank charges
4 save for a house(to buy in full with cash)
5 seek out bargains on essentials
6 live on free as much as possible


list of current debts:


sigma £205
loans to home £60
credit union £1685
HMRC £580
NatWest overdraft £750


any tips and tricks appreciated. some of the best ive found yet have been from a guy called dave ramsey


just opened a credit card to help build up my credit score incase I cant save soon enough to buy a house in full and got a small emergency fund. car is currently broken down so im saving money by walking to work. its only a mile and a half so its copeable. possibly looking to scrap my car if need be ad try and get money back off insurancre to help

nolongerindenial

ali_bf wrote: »

Just paid a couple of bills and still feeling disheartened as my overdraft (which has crippling charges) still isn't coming down as quick as I'd like. Still, the debt is reducing. On a more positive note, one of my mortgages is finished in 3 payments which will save me a grand total of £258 a month. All these unexpected bills and the forced purchase of a new car isn't great but heading in the right direction. Roll on January 2016 when both cars are paid.

Keep your Chin up! Sorry if im teaching a duck to quack with the below

First thing first, if I was you that saving of £258 a month, its not a saving at all, if you are managing now continue to manage and that £258 a month accelerates payments of your other debts.

If your credit rating is rated as "your in so much poo your in the sewer" like mine, change your attitude with money and only live off what you earn... open a fresh account, get all your payments paid into that account, then one by one prioritise your outgoing payments and transfer the direct debits to that account ensuring write to the bank and request they freeze charges as you are in financial difficulty and to put a hold on. I wish I had done this it would have saved me a fortune!