Finally Debt Free After 34 Years, But Still Need to Live Frugally
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Barclaycard - June 2020 MBNA - April 2018 Tesco - April 2019
Emergency Fund £5400/£10,000
March NSD: 1
Debt in July 2017 = £58,766 😱 DEBT FREE 31 OCTOBER 2017 :T 🎉
EMERGENCY FUND 1 = £700/£5,000. EMERGENCY FUND 2 = £10/£5,000.
CHRISTMAS SAVINGS = £153.37/£500. SEF = £1,400/£12,000 PREMIUM BONDS ME = £350. PREMIUM BONDS DH = £350.
HOLIDAY MONEY = £1,100 TIME LEFT TO PAY OFF MORTGAGE = 6 YEARS 6 MONTHS
Debt in July 2017 = £58,766 😱 DEBT FREE 31 OCTOBER 2017 :T 🎉
EMERGENCY FUND 1 = £700/£5,000. EMERGENCY FUND 2 = £10/£5,000.
CHRISTMAS SAVINGS = £153.37/£500. SEF = £1,400/£12,000 PREMIUM BONDS ME = £350. PREMIUM BONDS DH = £350.
HOLIDAY MONEY = £1,100 TIME LEFT TO PAY OFF MORTGAGE = 6 YEARS 6 MONTHS
**Credit card debt free 30/06/10~**
MFW. Finally mortgage free February 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb.
It starts with you, it starts from now. *** It is ok to be me.***
***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
Are you able to join a company pension scheme or is it you or your DHs occupational pension which has been cashed in? You may want to look at SIPPS for either/both of you as much better return than saving in normal savings account especially if you have 14 years to retirement. HMRC will also add 25% to whatever you put in. An emergency savings account is more important first though.
Is it worth you posting an SOA to see if we can help suggest further savings?
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I will take a look at SIPPs for savings, thanks for the suggestion
I do want to build up an emergency fund of £1000 too, so we're going to try and put £100 a month towards that.
Debt in July 2017 = £58,766 😱 DEBT FREE 31 OCTOBER 2017 :T 🎉
EMERGENCY FUND 1 = £700/£5,000. EMERGENCY FUND 2 = £10/£5,000.
CHRISTMAS SAVINGS = £153.37/£500. SEF = £1,400/£12,000 PREMIUM BONDS ME = £350. PREMIUM BONDS DH = £350.
HOLIDAY MONEY = £1,100 TIME LEFT TO PAY OFF MORTGAGE = 6 YEARS 6 MONTHS
Fingers crossed here for the final F&F working out as you hope and you meeting your debt free by christmas target - hopefully the chase on the Dr's letter will have done the trick!
Scottish Power are the energy provider I would never return to - they were a nightmare as they muddled up our day/night readings and then took forever to correct things...!
SOA CALCULATOR (for DFW newbies): SOA Calculator
Today's Mr T shop was over my budget of £80 as it came in at £93
DH didn't have time to chase the doctors note but I'll make him do it tomorrow.
On a positive note, the rain that was promised for 9.00am didn't arrive until lunch time and I managed to squeeze a half hour walk into my day before the rain came
Debt in July 2017 = £58,766 😱 DEBT FREE 31 OCTOBER 2017 :T 🎉
EMERGENCY FUND 1 = £700/£5,000. EMERGENCY FUND 2 = £10/£5,000.
CHRISTMAS SAVINGS = £153.37/£500. SEF = £1,400/£12,000 PREMIUM BONDS ME = £350. PREMIUM BONDS DH = £350.
HOLIDAY MONEY = £1,100 TIME LEFT TO PAY OFF MORTGAGE = 6 YEARS 6 MONTHS
I've already signed up with Noddle and on my report with them it records my debt with Hoist as being 'satisfied' with a zero balance owing :T & my debt with Barclays also says 'satisfied' with a zero balance :T.
However for my M&S debt it records I've paid 50% but still says 'default' and records a balance owing of nearly £5000
I didn't pay any of them until I had a letter agreeing to the full and final settlement and I'm keeping those letters very safe indeed, so if M&S don't update it soon then I'll ring them up and ask them to correct the information.
All the defaults were recorded as 2015 which is correct.
Have a good day everyone. I'm hoping for a NSD today.
Debt in July 2017 = £58,766 😱 DEBT FREE 31 OCTOBER 2017 :T 🎉
EMERGENCY FUND 1 = £700/£5,000. EMERGENCY FUND 2 = £10/£5,000.
CHRISTMAS SAVINGS = £153.37/£500. SEF = £1,400/£12,000 PREMIUM BONDS ME = £350. PREMIUM BONDS DH = £350.
HOLIDAY MONEY = £1,100 TIME LEFT TO PAY OFF MORTGAGE = 6 YEARS 6 MONTHS