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

chelseablue

Friends wedding was good, withdrew £100 to take as spending money and have £30 left so that's a bonus.
Petrol light came on today so going to put £20 of it in my car.

Good news this week is that partners 24 month contract with EE is now up. Hurrah!!!
2 years ago he signed up for a stupid £65 a month contract, now that's over we're dropping it down to SIM only that will cost £21 a month for the same package he has now.

My mobile costs £9 a month so our total mobile costs will be £30 a month instead of £74!

Note to self: don't let partner go into shops alone! :rotfl:

Mortgage fixed rate is up in March so started to look around at new deals, hopefully getting a 5 year fixed rate this time.
Cant really apply until around February time so hoping the rates I've found aren't too different by then

One more direct debit to leave the account on 15th October, £36 to BT then that's it until payday on the 25th.

Money in current account today: £1,789 but going food shopping later

Have a lovely day all x

chelseablue

A bit of good news this week (well I think its good)

I started a new job in January and at the time the bonus scheme was still being discussed.

My boss told me this week that my bonus will be a maximum of 12% of my salary.

If I get the 12% that will mean £4,200!

Unfortunately have to pay tax and NI on it :rotfl: so not sure what the actual take home will be.

Not sure what I'll do with it yet. If its not needed for the wedding savings I could:

Clear the Sainsbury's card and pay a big chunk off the Lloyds card

Clear the Lloyds card

Buy the flights to Australia

Pay off half the car finance

Do a mortgage overpayment

Nice dilemma to have I guess

Last week we saw the Registrar to do the Notice of Marriage thingy and tomorrow night we're going to our venue for menu tasting so really looking forward to that!

Have a great day all x

Happierdays

Just popping in to say hi! That all sounds good- you are doing great!

chelseablue

Hi! And thank you.

My bonus gets paid in March and partner gets his in February, his is a bit less at £1,500 but I'm sure I'll put it to good use haha

little_miss_spendtoomuch

I can totally relate to the costs of living in south east! I started to clear debt whilst saving for a wedding too. I actually found it easier when I said no to social events I could use 'saving for my wedding' as an excuse rather than the fact I was paying off debt.

enthusiasticsaver

I think if you are confident you can clear the credit cards before the 0% deals finish then you should pay towards the car finance. That is bound to cost more.

chelseablue

enthusiasticsaver wrote: »

I think if you are confident you can clear the credit cards before the 0% deals finish then you should pay towards the car finance. That is bound to cost more.

Now that's something I didn't think of! Of course the best thing to do is pay it off the car.

For the cards the direct debits are set up for an amount that will have them clear before the 0% end

enthusiasticsaver

chelseablue wrote: »

Now that's something I didn't think of! Of course the best thing to do is pay it off the car.

For the cards the direct debits are set up for an amount that will have them clear before the 0% end

Then definitely sort the car out and maybe put some in your holiday fund for Australia/home improvements.

chelseablue

Its 'month end' today as partner gets paid tomorrow.

There was £1,300 left so I've moved £1,000 to savings and had to send £300 to Barclaycard (this is the only card I use and mostly I clear it in full each month)

I think going forward I might do that every month, send at least £1,000 to savings and whatever is left in the bank over £1k, send it to the debt, that way its getting cleared quicker.

DEBT
Lloyds: £3,142
Sainsbury's: £1,257

SAVINGS
Wedding + Car: £10,650
S&S ISA: £5,293

enthusiasticsaver

Those savings are building up nicely. Looks like you have your wedding paid for now Still the bonus to come next year as well.