I want to be Debt and Mortgage Free by 35!

lorriedriver1988

lorriedriver1988 wrote: »

A summary of debts:

Car Loan: £6454.70 @ 4.8%. Monthly Payment: £160.25

Lloyds CC: £904.36 @ 0%

Fluid CC: £1745.00 @ 0% clear by July 2016

Furniture: BNPL: £738.75 @ 0% clear by February 2016

I thought I would revisit the debt and adjust the figures according to what we owe:

Car Loan: £5,911.74 (this figure will decrease as I did a balance transfer from fluid to save interest on the loan)

Lloyds CC: £860.00 @ 0%

Fluid CC: £2444.00 @ 0% until October 2016

Furniture: BNPL: £738.75@ 0% clear by February 2016 (this is the debt I aim to clear next week)

Sofa: £900= 0% over 3 years, but will gone asap

Total Debt: £10,854.49


I have also realised that I need to save up to buy a cot mattress ready for DS3. That will another £25 to find. Oh its never ending.....

lorriedriver1988

MSE things for today:

* Completed all surveys that were available.
* Reserved three items at A*gos as Christmas presents, taking advantage of money off deals etc
* Washed one load at 30 degrees, placed on airers to dry.
* Walk both ways to work.
* Paid £760.00 off car loan by taking advantage of balance transfer.
* Went to Mr T and spent £15.49 on weekly shop.

That is it for today.

lorriedriver1988

Good evening everyone,

Today has been a good MSE day:

* completed all surveys that are available
* I have been accepted onto a product testing program.:j
* received a £10 a**os voucher from CP
* DH went and collected the reserved Xmas presents at A**os- used a 15% off code saving just over £6. We received a £5 gc back as we spent over £50 and paid using gift cards from surveys, so no cash spent from Xmas savings.:T
* finally booked my manicure and hair cut for later in the week, which were groupon offers bought a few weeks ago when they had 15% off health and beauty offers.
* listed 3 items on bay of e
* walked to and from work
* clothes washed at 30 degrees, placed on airer and heated airer.
* decided to use the pennies I have been saving for OP's to go towards the money I need to pay off next debt

Off to read Martin's email and carry on with swagbucks.

Night all.

abba1772

You've had a very productive day xx

lorriedriver1988

abba1772 wrote: »

You've had a very productive day xx

Thankyou abba1772. I try and fit in as much as I can each day.

lorriedriver1988

MSE things for 18/11/2015

* completed all surveys that are available.
* received £46.23 from TCB, promptly transferred to H2B savings
* Inb0x P0unds cheque cleared, £20.04 transferred to H2B savings
* received £10 gift voucher from survey company in post
* ordered a DVD from a**zon using GC credit and spent £2.04 from xmas savings. I hope to receive £5 GC credit because I took advantage of the Pass Parcel offer.
* DH chased refund on some Xmas presents- £11.70 to be put back in Xmas savings.
* DH will hopefully go to Mr S and take advantage of the double up and buy Downton Abbey series 5 as Xmas present for me.
* DH signed up for 8 hours OT at work over the next two weeks
* going to look on Nu-Look for jumpers and t-shirts as received £50 worth of gift cards for my birthday.
* walked to and from work
* washed bedding and clothes at 30 degrees and placed on airers to dry.

Think that's it for today!

Kitten868

Hello,
Just wanted to say sorry about negative comments on your thread. You don't need to justify your debt to anybody. This thread is for support not judgement. You are tackling very normal debts - mortgage and credit card - in a very determined manner and doing fantastically! If you want to explain your debts that's fine too I always feel like when I write down why I'm in debt I don't feel as stupid.
Keep up the hard work because it is really hard especially with only a small income coming in.
I'm finding it hard as I don't have anywhere to cut back on - no shopping or coffee habits. Lived frugally for years and still its there.
And congrats on baby. I have a little July 2015 baby too. Can't believe you're back at work! I'm dreading going back in April.
Feeling so jealous of all your success! Xxx

lorriedriver1988

Kitten868 wrote: »

Hello,
Just wanted to say sorry about negative comments on your thread. You don't need to justify your debt to anybody. This thread is for support not judgement. You are tackling very normal debts - mortgage and credit card - in a very determined manner and doing fantastically! If you want to explain your debts that's fine too I always feel like when I write down why I'm in debt I don't feel as stupid.
Keep up the hard work because it is really hard especially with only a small income coming in.
I'm finding it hard as I don't have anywhere to cut back on - no shopping or coffee habits. Lived frugally for years and still its there.
And congrats on baby. I have a little July 2015 baby too. Can't believe you're back at work! I'm dreading going back in April.
Feeling so jealous of all your success! Xxx

Thankyou for commenting on my diary Kitty868.

I'm not worried about what anyone thinks. There are lots of judgmental people in life and its up to us to rise above that. It is very tough being on a low income and trying to pay bills, pay off debt and have money left to enjoy life. Congratulations on your new baby! I hope you enjoy the rest of your maternity leave.

lorriedriver1988

MSE things for 19/11/2015

* completed all surveys that were available
* listed 3 items on bay of e
* walked to Dr's surgery for DS3 vaccinations, walked to and from work and walked to hairdresser's. I estimate I walked about 6-8 miles- saving diesel.
* used Gr0up0n voucher for haircut (though had to pay £5 subcharge because my hair was below shoulder length, it was not mentioned in T&C's :mad:). I am tempted to complain.
* Contacted Bovis about leak in en-suite. My house is still under warranty so hopefully it should not cost anything to get repaired.
* on way home popped into Mr A and bought 4 packs of reduced meat including lamb mince, casserole steak, 4 pork chops and meatballs which should do us 5 meals. Total cost: £5.55
* washed clothes at 30 degrees and will place on airer.
* need to move money around in hope that we can pay off one of the debts in full :T

That's it for today!

lorriedriver1988

Evening everyone.

I'm very happy to annouce that we have paid off the furniture in full today

Car Loan: [STRIKE]£5,911.74[/STRIKE] NOW: £5,151.74

Lloyds CC: £860.00 @ 0%

Fluid CC: £2444.00 @ 0% until October 2016

[STRIKE]Furniture: BNPL: £738.75@ 0% clear by February 2016 (this is the debt I aim to clear next week)
[/STRIKE] paid off in full 20/11/2015
Sofa: £900= 0% over 3 years, but will gone asap

Total Debt: Originally[STRIKE]£10,854.49 [/STRIKE] Now: £9355.74

I am now deciding whether to pay off credit cards or car loan. Part of me says go for the debt that you are paying interest on, pay off the one that ends soonest or take a snowballing approach. I just cant decide, any advice on which one to tackle to first?!