Lunars Debt Free Journy!!!

lunar

any one know how i insert a pic off my desk top?

lunar

revised SOA

Monthly Income around £1550 after deductions and pension comes out. depends on my unsocial hours

Outgoings

house hold bills, food, petrol, I pay £150 I am lucky enough to have a partner who is taking care of the rest. I am still very careful with this money and try not to spend on silly things when i go food shopping.

Egg

---

£199
Mint

---

£90
NW

---

£80
BC

---

£30
loan

---

£305
car

---

£250
Insurance---£80
Tax

---

£17.33
union

---

£15
NMC

---

£10
moblie

---

£35
Birthdays---£15
xmas

---

£20
Clothes

---

£10
Hair

---

£10


Total in £1550
Total Out £1316.33

Left 233.67

even though i have reduced some outgoings since the first soa this looks worse! i think its because i now have a more realistic picture of my finances. need to update my sig now to see my total debts

lunar

I told my OH about getting rejected for the virgin card today, i was really worried about telling him. the first thing he said was that he would open one for me. he has applied and we just have to wait to find out the limit now and i will transfer across as much as i can. Its 0% for 15 months. i just cant believe how supportive he is of me.

I was thinking that because this wil imorove my credit report as i will have less debt in my name, i will wait a coulpe of monthe till it has settled down and apply for a card somewhere else to get rid of the rest.

I will still be paying the direct debit for the virgin card, more at my insastance than anything else. i really dont want him to be paying my debt its just amazing to be getting rid of some of the interest im paying out at the moment.

above i have missed off the acount fee i pay for my current account and interest they charge. ill have to look that up and added. I havent even added my £875 od that i reach everymonth to my debt total. One day soon i will look at getting rid of the OD, maybe that should be the first thing to go when my agency work kicks in.

pandapaws

:T Great news about your partner - hopefully they'll give a big juicy limit and you can kiss goodbye to Mints 25%!!! This is probably all stuff you've heard before or common sense, but maybe it could help someone else reading as it only recently dawned on me, so I'll carry on in true long-winded Panda-style !

If you can completely clear any of your cards right back to zero - DON'T CLOSE THEM!!! Once they've been on zero for a few months, the companies will start to write to you offering more 0% transfer deals! We cleared our Halifax 4 months ago, and they've just given us 5.9% for life of balance, Mint have just offered me another 6 months at 0%, and Virgin have given another 8 months 0%, all because we paid them off but kept them open! So you pay one off, transfer another to it, keep that one open till they offer you something, then transfer another to it, keep that one open, and so on - by this time the first one's 0% is expiring so you switch it to the empty one and so on... much better than having to re-apply for another card, and could be the perfect answer for your situation - saves having to reapply for more cards, and within just a few months you could have all your cards on 0%!

I've probably mentioned it already as I'm always harping on about how great Virgin are, but it isn't always well publicised: Virgin work a bit differently from most other cards - their minimum payment, rather than being 2-3% of the balance owed is normally just the interest payment plus £5 - so if you have only a few quid interest (because you pay interest on the transfer fees) you'll just pay just over £5 a month however high your balance. That's how I've just been paying £15 a month for the past year on a 10k balance! Great if you want to try and blitz a higher debt in the meantime!

The other thing is that they let you draw the entire balance (or maybe it is 95% of it) as cash into your bank, rather than just doing balance transfers, with no cash advance fees. Really handy as it means you can pay off loans, overdrafts or other MBNA accounts that you otherwise couldn't transfer.

Only thing to be careful with (as I'm now discovering!) is that all of a sudden your 0% comes to an end with a bang AND your payments go up at the same time - whatever you do, don't pay the minimum payment then, as you're only paying £5 a month off it (interest +£5), so it quite literally take forever to clear - we worked out that it would take 2,000 years to pay 10k off despite paying over £200 a month for the first few hundred years :eek: !

lunar

two no spend days in a row! wonder if i can make it a third. will update properly later, ment to be writing an essay right now!

pandapaws

I can help - I can always turn something that could be said in 10 words into an essay!!!

Writing about anything interesting?

lunar

im doing a course for work, love the course hate the essays. as you can tell from my spelling its not my strong point! trying to pluck out 10000 words is not too much fun and ill find any excuse not to do it. il pm you the course mane if you want, they dont run that many in the country and im nor ready to be outed if anyone from work reads this forum!

pandapaws

Ha ha! You're a bit like me - if I said what I did for a living, it'd be obvious to several hundred people exactly who I am in an instant!!!

If you tell me yours, I'll tell you mine!:rotfl:

chocaholic110

Ooh, pandapaws, are you a celebrity?

wok_boy

c'mon panda, you can't give us half a story, spill the beans