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Ash's Debt Diary
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The_Novacat
Posts: 6 Forumite
Morning all,
Long time forum lurker but only just decided to make an account to contribute!
So the last 12 months have been a bit rough financially. It's been a case of extended my overdraft bit by bit every month as I appeared to be spending more than I was earning. I couldn't pull it back as every month there happened to be something extra to pay for.
It came about initially as my and my girlfriend bought a house (which just about wiped us out, although we had a nice 20% deposit) and I changed jobs in the same month. I had to go 8 weeks without a payday due to the way the wages worked at my first job.
Then the following month my car broke down (£500 down the drain) and I received a letter from my first employers saying I owed them £400 for the volume of holidays I had taken in the first few months of the financial year.
Things are looking up now though! My new job pays much better, at least £400 more per month but sometimes more (sales commission). I also have a new car which should keep me going for a while, so there shouldn't be any unexpected repair bills anytime soon.
So I'm now going to start tackling my debts, as I would like to be debt free as soon as possible. I'm going to keep them updated in this thread to keep me motivated. My first priority though (after the 8 week no-pay incident) is to put together an Emergency Fund. I don't have one currently and I need something to fall back on should I need it.
Currently got:
Santander Loan (3.6% APR): £6800
Mortgage: £107,000
Ikano Loan (0% APR): £450
Student Loan: £20,000 roughly
I also currently owe the other half £1800 and between us we owe her parents about £6000. This was all borrowed towards the deposit of our house.
I would also like to save up £1000 to have as an Emergency Fund.
I'll keep this thread updated as I go for motivation
Long time forum lurker but only just decided to make an account to contribute!
So the last 12 months have been a bit rough financially. It's been a case of extended my overdraft bit by bit every month as I appeared to be spending more than I was earning. I couldn't pull it back as every month there happened to be something extra to pay for.
It came about initially as my and my girlfriend bought a house (which just about wiped us out, although we had a nice 20% deposit) and I changed jobs in the same month. I had to go 8 weeks without a payday due to the way the wages worked at my first job.
Then the following month my car broke down (£500 down the drain) and I received a letter from my first employers saying I owed them £400 for the volume of holidays I had taken in the first few months of the financial year.
Things are looking up now though! My new job pays much better, at least £400 more per month but sometimes more (sales commission). I also have a new car which should keep me going for a while, so there shouldn't be any unexpected repair bills anytime soon.
So I'm now going to start tackling my debts, as I would like to be debt free as soon as possible. I'm going to keep them updated in this thread to keep me motivated. My first priority though (after the 8 week no-pay incident) is to put together an Emergency Fund. I don't have one currently and I need something to fall back on should I need it.
Currently got:
Santander Loan (3.6% APR): £6800
Mortgage: £107,000
Ikano Loan (0% APR): £450
Student Loan: £20,000 roughly
I also currently owe the other half £1800 and between us we owe her parents about £6000. This was all borrowed towards the deposit of our house.
I would also like to save up £1000 to have as an Emergency Fund.
I'll keep this thread updated as I go for motivation

03/08/17: Owe £15,839.09 
Progress 08/08/17: Owe £15,685.84

Progress 08/08/17: Owe £15,685.84
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