Journey to £0 by 2020, with a few bumps along the way

chelseablue

Pay day yesterday!

I sent my half over to the bills and food account, then with what I had left I sent:

£600 to the credit card
£400 to my savings account

I now have £562 to last me until the end of October, going to fill up my car today, that's about £45, mobile DD comes out tomorrow for £50 (12 months to go then I can drop to sim only)

Car passed its MOT but needs new brake pads, getting them done tomorrow so that's £85 for that

New figures:

Debt
Virgin £9,235

Savings
S&S ISA £7,324
Easy Access £1,400

Current Accounts
Halifax £383.70 (all direct debits went out today, so this is what's left for food until 25th October)
Nationwide £562.68

Jox

Well done chelseablue, you are doing really well! You have a great attitude to money and keeping on track. I'm picking up tips. How's things with hubby if you don't mind me asking?

chelseablue

Jox wrote: »

Well done chelseablue, you are doing really well! You have a great attitude to money and keeping on track. I'm picking up tips. How's things with hubby if you don't mind me asking?

We are currently together, but we don't put all our money into one account anymore

We each get paid into our own accounts and transfer enough to cover bills and food into my Halifax account. Plus we both send a bit extra to cover presents, stuff for the house etc.

Then whatever is left in our own accounts is ours to do what we want with, from these own accounts we run our own cars, pay for our mobiles etc

I try and save most of mine, husband is a spender and blows all his over the month.

As we're so different in attitudes to money Im a lot less stressed now doing things this way.

Plus Im actually better off, would never be able to pay the amounts I have been off the credit card AND saving

He's probably worse off but oh well :rotfl:

enthusiasticsaver

chelseablue wrote: »

We are currently together, but we don't put all our money into one account anymore

We each get paid into our own accounts and transfer enough to cover bills and food into my Halifax account. Plus we both send a bit extra to cover presents, stuff for the house etc.

Then whatever is left in our own accounts is ours to do what we want with, from these own accounts we run our own cars, pay for our mobiles etc

I try and save most of mine, husband is a spender and blows all his over the month.

As we're so different in attitudes to money Im a lot less stressed now doing things this way.

Plus Im actually better off, would never be able to pay the amounts I have been off the credit card AND saving

He's probably worse off but oh well :rotfl:

Sounds like you have found a way to make things work for you. Just think by the end of next year all that money you have going on debt will be yours to save, invest or spend. I would not worry about your DH being worse off. He could always take a leaf out of your book. Just don't let him cajole you in going off plan.

chelseablue

enthusiasticsaver wrote: »

Sounds like you have found a way to make things work for you. Just think by the end of next year all that money you have going on debt will be yours to save, invest or spend. I would not worry about your DH being worse off. He could always take a leaf out of your book. Just don't let him cajole you in going off plan.

Oh I certainly wont ES, my credit cards are locked away at work and I haven't used them for months now.

I find doing the credit card payment and saving on my pay day is working wonders too "pay yourself first"

I cant wait for next year when I'll have an extra £600 a month to save and invest

chelseablue

Also I know that he's now got a £400 overdraft and took out a credit card last month (only a £500 limit on it but we all know that's how problems start)

enthusiasticsaver

chelseablue wrote: »

Also I know that he's now got a £400 overdraft and took out a credit card last month (only a £500 limit on it but we all know that's how problems start)

Definitely. You sound very focused and in control now. Let him sort his own finances out and keep your stress to a minimum. Roll on next December

chelseablue

enthusiasticsaver wrote: »

Definitely. You sound very focused and in control now. Let him sort his own finances out and keep your stress to a minimum. Roll on next December

Amen to that! x

chelseablue

A successful weekend, spent zero from my personal account!

Went food shopping but that's out of the household account

Child Benefit of £82.80 was paid today, so I did my usual round it up to £100 and paid it into the S&S ISA. Its in my name but its for my son when he's an adult

chelseablue

So tempted to throw my £1,700 savings at the credit card!

Would bring the balance down to £7,535

But the £1,700 is earning 5% interest and the credit card is 0% so probably not a good idea?

Just so desperate to be debt free

But it'll mean no emergency fund, plus my car is 13 years old so my savings are also if that brakes down (although it did pass the MOT a couple of weeks ago)

But then the sooner I pay off this bl00dy card the sooner I can start saving £1k a month