NST - January. Bobs post bauble debt busting challenge

Bobarella
Bobarella Posts: 10,824 Forumite
Savvy Shopper! I've been Money Tipped!
edited 26 December 2015 at 8:38PM in Debt-free wannabe challenges
Hello All

Welcome to the new Monthly NST (Ninja Saving Turtles) Challenge! NST's are a group of Money Saving challengers from across the UK who are always up for new money saving challenges, fighting our way to debt freedom, sharing tips and new money saving discoveries, general chat, support and good banter! This challenge is open to everyone- so please join us wherever you are! A HUGE Happy New Year 2016 and a welcome back to previous challengers!

"January (in Latin, lanuarius) is named afterJanus, the god of beginnings and transitions; the name has its beginnings in Roman mythology, coming from the Latin word for door (ianua) since January is the door to the year" - nicked from wicki.

Doors are something we can open with our money/financial situations. Or close. Limiting our life choices.

2016 is a new year with new challenges, new doors to open and maybe old ones to close & lock forever behind you.

This challenge will run between 12am on Jan 1st and end at 12am on Jan 31st rules of this challenge then are:

1. We are aiming for maximum no spend days this month.
There are 31 days in Jan. Aim for at least 21 if not more.

2. Pay to your debt as soon as priority spends are complete
. These should be rent/mortgage, food, heating etc.
This month we are having a stretch target concept which some of you will recognise but for the new contenders means paying your min payment then calculating what you would like to shift from your total debt ideally. If you don't hit the stretch target it doesn't matter but you will probably have raised your game either way.

3. State your intentions. Tell us what your aim is. Why are you seeking this path and what doors do you hope to unlock along the way?

4. Check in every day. The reason we do this is to keep ourselves accountable. If you've set your intentions in a group of like minded people you are less likely to stray from the path.

5. You will donate £5 to a good cause of your choice.

6. Plan your diary. It's good to be sociable but nights out are costly and a walk with a friend is free. Don't worry about offending people by suggesting an alternative social occasion. Report in at how many events you have to attend in Jan and other people can suggest ways to minimise costs.

7. Plan your grocery spends carefully. After the excesses of Christmas you will probably have spent more than usual on food. Can you use this as an opportunity to save on groceries in January? Think carefully about what you do need.Have you got loyalty points for shops that can be cashed in to save on food?

8. Get something for free! - they say the best things in life are free, I challenge you to find as many free things as you can in January and report back. For example can you get a free haircut by going to a student training evening? Can you go shopping at 9pm and get food for nothing? Can you set up a clothes swap with friends and all get a new item of clothing for nothing?

9. Earn extra - find a way of making something on the side. I like the term 'side hustles' mine are ebay, spending apps, cashback sites, reward credit card, wombling store points, anything you can do to bring additional income into your house do it!

10. Check your credit report-
if you have a bad credit report it can ruin your chances of getting a mortgage, 0% credit deals, renting a property. For between £0 & £3 you can obtain a copy of yours and check that there is nothing unexpected on it.

Let 2016 be the year you set yourself free!!

Bob
" Your vibe attracts your tribe":D

Debt neutral :) 27/03/17 from £40k:eek: in the hole 2012.
Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
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Comments

  • O a massive me please xx And thank you x
    NST October #24.
    NSD 16/20
    £125/£150 Family Budget..
  • short_bird
    short_bird Posts: 3,670 Forumite
    Name Dropper First Post First Anniversary
    I'm in because February is busy with reunions and anniversaries and is only half paid for.
    Cancel the kitchen scraps for lepers and orphans, no more merciful beheadings, and call off Christmas.
  • stewby
    stewby Posts: 1,206 Forumite
    Combo Breaker First Post Debt-free and Proud!
    Me please, number 8 if possible. Debt will be paid off but spending has gone a bit nuts this month (having to use my pay on 24th to finish off the credit card).
    :(

    Need to get back on track in 2016 as I have big plans for my money.
    :o
    Mortgage: £0/£80,329.91
    Savings: £0/£6400
    :love:
  • Calling14
    Calling14 Posts: 3,498 Forumite
    Name Dropper First Anniversary Photogenic First Post
    Bobs on the ball. Wow thread already up. Count me in;-)
    LBM 13039 1.1.13 Now £0 Finally Debt FreeMortgage free Oct 2019:)EFund/savings £25000 10/11/22
  • Sign me up please :D
    I'm not amazing at these but they have helped me cut down on spending and everyone is so nice and welcoming :D
    Read my diaryHere :)
  • Bobarella
    Bobarella Posts: 10,824 Forumite
    Savvy Shopper! I've been Money Tipped!
    edited 14 January 2016 at 9:42PM
    January contenders

    1. Justforme
    2. Short_bird
    3. Calling
    4. Chocolatelover
    5. Bobarella
    6.Fmess
    7. WelshKitty
    8. Stewby
    9. MissTara
    10. The Only Girl
    11. So Very Confused
    12. Bipex
    13. Apple
    14. Jeanangeo
    15. Traveller
    16. Dolly
    17. Helga
    18. Xspender
    19.clippygirl
    20. Luckystarr
    21. Catwoman
    22. Tall Order
    23. Dawn W
    24. Missing Ursula 2
    25. Must Try harder
    26. x0emz0x
    27. Dotty daisy
    28. Helen Rachel
    29. FunBrum
    30. Dizzyblnd
    31. Marsbargirl
    32. Crazy Cat Lady
    33. Mrs Toast
    34. Eager Elephant
    35. CEW
    36. PurpleJay
    37. Jellie
    38. X Raphael
    39. Synonomous
    40. Sally Cat
    41. GSRCAT
    42. Lindor
    43.Rylee
    44. Mothernerd
    45. Money Minx
    46. Pink Whisk
    " Your vibe attracts your tribe":D

    Debt neutral :) 27/03/17 from £40k:eek: in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
  • Fmess
    Fmess Posts: 2,920 Forumite
    Photogenic First Post First Anniversary Combo Breaker
    Count me in please, I need to get back to the strict ways of NSK and get this debt gone in 2016.
    LBM = 07/09/13 Debt = £13339 (100% cleared)
    New roof and car £8557/£19003 New kitchen £396/£5039 Credit card Paid Student loan Paid
  • Count me in please
  • misstara
    misstara Posts: 3,878 Forumite
    First Anniversary Name Dropper First Post I've been Money Tipped!
    Me too please Bob :)
    Debt Dec 2022 - £2972.68. Current debt - £0 (100% paid). Flat deposit - £10549.64/£15000 (70.3% saved). Emergency fund - £1409.88/£1500 (94% saved).
  • Count me in too, please Bob. I am hoping to be back with renewed passion in January after being on a very slippery slope in November and December. May 2016 be more prosperous for all of us.
    "There is Life AFTER DEBT."LBM 2009 Total Debt £49046.24 Debt Free as of 27/08/2015
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