Karmacat: I'm passionate about my DFW journey to riches

Karmacat

Just racing about to finish off stuff before my London trip, and managed to slow down enough to *think* about doing snr m.b.ing.... :idea: the freebie is snr. Not the qualifier, they don't have to be treated the same. I threw away about £2 on the first qualifier, when that little fact hadn't quite percolated through my brain cells. It is interesting, the number of ways a newbie who is actually completely uninterested in betting (just interested in making money) can find to not-understand! :rotfl:

Karmacat

Well, what a day.... joined the £10 a day challenge, made £32.74 (I think, didn't write it down, its on the thread) and now, having just worked out my will hill m.b. fiasco, I've made £22.42, which is a 64% return from snr bets. Abso-blooping-fantastic, since I got the layout of the bets wrong, and had to tell the most dreadful story about my boyfriend.

Going to wait until the money is back in my account, and then total up exactly what I've made - I've been making lots, between that and the bingo, and what with having to deposit for the bingo and keeping chunks of money in betfair, I'm at a little bit of a loss to know where the money actually is, tho I know I've got it and I know its safe....

Right. Off to bed.

As I'm shutting the computer down, just looked at this post again, and realised how curt it sounds - thats just tiredness, I'm actually really, really pleased at what I've achieved today, I feel like for the first time in about 3 years, I'm getting control of my finances again. Good feeling!

pania

welldone you karma sounds as if it's all going well. may try partybets out tomorrow when i get paid just to get back into it again. Have a good day, just off t gym longer reply on return!

Karmacat

Yep, its going well, I'm feeling really optimistic - decluttering is having its effect (I remembered I have a battery powered screwdriver, which can unscrew stuff stuck to the wall), the bingo and the m.b. are starting to bring appreciable wodges of money - I'm thinking of doing a £1,000 overpayment on my Northern Rock Loan during April; not sure whether to ask them to keep the same level of repayment and bring the debt free date closer, or keep the payoff date the same and lower the monthly payment - my cash flow is still really difficult. I'm sure the real mse way is to get the debt free date closer . Advice welcome.

I've produced another £20.58 today so far!

Keeping_Motivated

Hi Karma you seem to be doing really well on the extra money front :T

How much would the monthly payment be reduced by if that was the option you chose to help with the cash flow?

Karmacat

Hiya KM! Thanks for the congrats!

Yep, thats the question, isn't it, what would the reduction be ... I don't actually know, but even tho I'd like to reduce the payments, I'm tempted to keep them at the same rate, and crack on with quidco/greasypalm/matched betting/whatever else replaces free bingo/ that kind of thing. I really, really really want to clear that by the end of this year, then I'm technically debt free except for mortgages - well, I *will* be debt free, but because my income isn't great any more, it won't particularly *feel* debt free.

Keeping_Motivated

Yeah I understand what you are saying. I was wondering if you went for the lower monthly payment to help your actual monthly cashflow if it would make a difference and then all your free money be paid directly off to still be reducing it while your monthly cash flow is easier. Thats if the lower amount is actually significant enough.
Does any of that make sense?
Whichever way you decide to do it I'm succeed in paying it off by the end of the year because you are focussed and in control x

Karmacat

I'm more or less following you - I'm sure you're thinking along the same lines as me... I hopped off my own thread for a while to see what I've actually got stashed in the account, and have been giving myself heart attacks in the meantime, convinced I had it all wrong, and I'd earned about tuppence from all this effort. The thing is, the bingo makes the cash flow look really bad - I'm sure my calculations are more or less right, tho I'd love them to be as accurate as donglemouse's, they're just not!

Anyway, thing is, I need to check with Northern Rock - I'm going into town tomorrow, so will do that.

Of course, the other thing is, if I clear that loan, and part save/part take out another loan for some renovations, that loan will be at a higher rate of interest than this current loan.... :mad: I'm just being cruel to myself now! I want it gone, no *way* am I going to keep it on!

Keeping_Motivated

Its a nightmare deciding which was is best. You will work it out I am sure of that but when it comes to the renovations would a credit card transfer at 0% or a life of balance be better than another loan at a higher rate?

Karmacat

I think a life of balance - there are quite a lot of building works that need to be done: rewire, replumb, rebuilding a big retaining wall (above head height in some parts), new fence at the back, new kitchen, new bathroom (will be destroyed anyway by the new plumbing planned), new flooring cos everything I've got will be destroyed by the building works, six windows need replacing. My bed hurts my back. Oops. Thats quite a lot of work, isn't it?:o Still, KM, you've given me an idea now about the LOB - if I get the loan paid off, save for a bit, get the rest on a LOB card.... I could do that! Ha! Thanks sweetie! :T

Heading offline now, I'm starving - thanks for the feedback, this has really helped.
xx