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

chelseablue

My 5 year old isn't keen either, boys eh! 

chelseablue

Hi everyone, haven't done an update for a while, my bad! 
I paid £400 off my loan last week, figures are currently:

Loan
£7,163   Hope to get into the 6's this month
Savings
£15,500
Current Accounts
Halifax £979
Nationwide £514

This morning my husband asked me if I would take out a £2,000 loan for him in my name! Don't worry I said No 

enthusiasticsaver

Excellent progress on those savings and the loan is coming down nicely.  Has your husband been furloughed?  What is the £2k for? Well done on not agreeing to more loan debt. 

chelseablue

Yes he’s on furlough until end of June on full pay. 

He said the loan is to pay off his overdraft and credit card but I’m not convinced it’s just for that as yesterday he was moaning he’d run out of money. 

He said he applied himself but was rejected

I know his credit card balance is £450, not sure on the overdraft. 

Was probably to pay off both and spending money I reckon 

enthusiasticsaver

Not sure how he has run out of money in these lockdown times if he is on full pay. Most people, ourselves included have saved money because there is literally nothing you can spend it on other than food.  Alcohol and cigarettes  too I guess. If he was rejected he must have a lot more than £450 on a credit card unless he defaults regularly. Have you been furloughed too? 

chelseablue

enthusiasticsaver said:

Not sure how he has run out of money in these lockdown times if he is on full pay. Most people, ourselves included have saved money because there is literally nothing you can spend it on other than food.  Alcohol and cigarettes  too I guess. If he was rejected he must have a lot more than £450 on a credit card unless he defaults regularly. Have you been furloughed too? 

Yes Im on furlough too at the moment 
He must of got money somehow as since asking me for the loan and me saying no he says he's ordered some gifts for me as its my birthday tomorrow and he played golf last night that cost him £25
I've learnt not to ask or get involved as it just stresses me out 
As for me I cant say I've noticed too much of a difference as I hate shopping and spending money in general anyway haha
Probably have spent a bit more on food as we're all at home all day

winterblues2019

Happy birthday for tomorrow and well done for not getting the loan!

chelseablue

winterblues2019 said:

Happy birthday for tomorrow and well done for not getting the loan!

Thank you! Rapidly approaching 40! 

(I’ll be 37 tomorrow) 

enthusiasticsaver

Happy birthday for tomorrow and yes probably best not to get involved with his finances if as you say it stresses you out.  Glad you did not get the loan.  Maybe your husbands mum gave him money. 

chelseablue

enthusiasticsaver said:

Happy birthday for tomorrow and yes probably best not to get involved with his finances if as you say it stresses you out.  Glad you did not get the loan.  Maybe your husbands mum gave him money. 

Thank you  
I thought she may have done but he left his receipt from his round of golf on the side and I had a nosy and he paid on his credit card