My so called friend MR DEBT only has 36 months left to live

Popstess

You are one of the most positive and motivating people on the forum. I have found your support on my thread amazing.
I know it's tough and I was certainly feeling the same way on Friday but we are doing this we are making a difference. Before speaking to you I never though it would be possible for me to have an Emergency Fund and now I have one set up and in a matter of days already have £22.60 if I hadn't of been reading your thread that £22.60 would have been flittered away without me even noticing.
What's your next short term goal? What are you aiming for at the moment?

12_month_challenge

Thanks pops and well done on your EF it soon builds up doesnt it. :T

I know you are right and yes you were feeling down the other day. But you picked yourself up and dusted yourself off and I need to do the same.

As for my targets I am aiming to clear one CC at a time. I have one that is on 0% but only till about June. I probably wont get it clear in that time but wanted to see how far I could get with it. But I have 2 that are gaining interest. Only 6.9% for the life of the balance but its still interest. Its a bit confusing which one to tackle first. My snowball says I should do the one I am targeting so maybe that's the answer.

However I am juggling 4 cards and keep thinking if I could transfer balances around I may be able to manage them a little better.

I suppose one bonus is I have recently closed 3 cards to remove any temptation to use them. They were just sitting there with no offers on them.

Popstess

Maybe that's why you're feeling overwhelmed. You've got lots of different ideas bobbing about. Could you focus in and make a decision on which card you want to pay off next and focus all your attention on that one?
My mind keeps racing and I want to pay everything off all at once but I know that's impossible so I keep telling myself to focus and chip chip away.
Hey I'll probably need you to remind of this in a few days when I'm low again. This is truley a rollercoaster!!!
Keep going we will support each other through the highs and lows but we WILL pay this debt off!

12_month_challenge

Definitely a roller coaster that's for sure.

I am just going to look at doing a new snowball and see what it brings up.

I don't want to see the final total though it too scary :eek::eek:

I think it may be the overall total that's frightening me. I do understand that I need to ignore the overall thing and focus on small steps.

Wish me luck I am gonna need it :rotfl:

enthusiasticsaver

Just read your diary 12m and you are doing so well. I totally agree with your building up an EF and this will avoid you being tempted to use a credit card immediately you have a setback. With regards to pension I would definitely make that a priority after reaching your EF target even if you only stick £20 or £30 a month in and increase it once your debt is more manageable. Do you not have a works pension?

12_month_challenge

Hi enthusiasticsaver and thank you

I did start in the works pension but cancelled it a few years back due to my financial situation and the monthly payments and I thought (stupidly) that I would sort it out again at a later date
hence this never happened.

I have just done yet another snowball and it shows my debt free day as Sept 19 :eek: and that is really pushing it. It means I wont be able to have a night out until i'm 53 :rotfl:

All joking aside I have been worried today at the sheer extent of it all.

12_month_challenge

Right I have just given myself a good talking to and here is my new plan of action.

1. Continue as I am at the moment
2. Plug away at my snowball payments
3. Continue to pay loans, one of which has 21 payments left
4. This then frees up money for the rest of it.
5. Tackle one card at a time
6. Get my EF up to its total and beyond I hope

All this hopefully bringing my DFD forward :T

12_month_challenge

Morning diary and world

Feeling a little better this morning. Woke up to £5. Reward from bank account and £5. Sale on ebay The £5. Reward has gone straight to EF :j

Starting today to tackle the weight thats geadually creeping up on me :eek:

Got to stay focused abd on track from today.

Hope work goes quickly today

Have a good day all

12_month_challenge

Forgot to add I also had £12 from British Gas. Loyalty payment. Added straight to electric key

Happy days

stoplurking

Hi 12month
Just read your diary start to finish, it's really interesting to see people starting on their journey then getting obsessed with different MS ideas. You are doing so well and encouraging others at the same time, so hats off to you.

Re your post #138 , I think, if you and your colleagues had had that conversation a few months ago you would still have had those 17 years to go, but no snowballing in place and no EF started either. You might even have more debt. Those 17 years will pass whether you do anything about your debts or not, and the way you are going you will have smashed Them to bits sooner than you think, then you will be able to focus on savings/pensions etc. It's addictive!

Anyway, you are doing great, you will get wobbly moments when you wonder is it worth it, but deep down you know it definitely is worth it so keep on with your snowball and your TTs to your emergency fund, and one day you will look back and be able to say "I did it!" And, keep posting, you are an inspiration to others. X