Getting back to zero!

ayupmeduck

Background: Female | 36 | student | renting | in debt | no savings

Debts:

(student)
Barclays OD (student account): 498
Nationwide OD: 250
(DMP)
Natwest OD: 1221
Natwest Loan: 4651
JD Williams: 1747
Very: 772
(Credit Cards)
Lloyds: 474/500
Marbles: 500/700
Aqua: 177/200
Capital One: 187/200
Capital One: 187/200
Barclaycard: 399/400
(DCA)
ARC: 587
CRS: 89
Motormile: 487
(Other)
Credit Union: 1058
TOTAL: 12512

My aim is to have my credit cards paid off by January 2019. I also want to start trying for full & final offers on the DCA debts as well as Very as soon as that gets defaulted.

I currently receive a student loan that breaks down to £799 a month as well as £700 from my OH for his share of the bills. Outgoings are £2100-2300 a month. I currently work 23 hrs a week and bring home £900 ish a month. If I can stick to the budget then I am ok Eventually I will be leaving my perm job and going bank/agency, to have more flexibility.

My credit union loan is cleared next May (if I don't clear it sooner) and my flight will be paid off by this October.

moneyonmymindsam

Happy diary :-)

Hope it all goes well for you!

You can do this :-)

Sam

[Deleted User]

Good luck on your journey x

ayupmeduck

Thanks guys. I hope to update often. Been an expensive week, as not only is it mothers day today but it's also my dads birthday.

My aim after the 3 years is to have no debt other than student debt oh and to lose 60 lbs!

ayupmeduck

So I lied about having no savings. I do in fact have the following:

S&S ISA: 25.55
LISA: 77.02
SIPP: 366.01

System

Welcome and good luck.
Perhaps your little savings pots need to become your new emergency fund to help you stay off the CC's etc.

zippygeorgeandben

I think your Dad might prefer you put the money you'd spend on him onto paying off debts. Why don't you make a booklet with a list of things you'll do for him? I.e. take him shopping one day/clean the car etc.

ayupmeduck

zippygeorgeandben wrote: »

I think your Dad might prefer you put the money you'd spend on him onto paying off debts. Why don't you make a booklet with a list of things you'll do for him? I.e. take him shopping one day/clean the car etc.

It would have cost me more to go visit him.

Received a reply from NCO (Very), one of my creditors in my DMP, that they accept my payment of £1 to be reviewed in June. Going to stick to £1 till they default me then try for a full and final. They are notorious for being difficult to deal with.

Having another think of how I shall be paying off this debt. Instead of leaving my perm job and just going bank, I am going to stay here as long as possible and use the bank money to pay off the cc + DMP debts (£200-300 ish a month). My uni also gives us £750 in 3 instalments throughout the year so that will also go towards them. or offers to the DCA debts. For May that amount will need to be £130+, which is above min payments on my credit cards.

redofromstart

Happy new diary, and good luck with your journey.

ayupmeduck

Can't wait til Friday for PAYDAY!!!! I have made a guess of my income as it changes each month (unsocial hours), though not by much. £2309

Debt payments budgeted:

(DMP)
Natwest OD: 1
Natwest Loan: 1
JD Williams: 1
Very: 1
(Credit Cards)
Lloyds: 15
Marbles: 24 (already paid)
Aqua: 100
Capital One: 25
Capital One: 25
Barclaycard: 10
(DCA)
ARC: 1
CRS: 1
Motormile: 2
(Other)
Credit Union: 110 (direct from wage)

ayupmeduck

Didn't make it into uni today No snow round here but loads on the way to uni and other areas (didn't want to get stuck somewhere). Not the only one who didn't make it in.

Spends for today:

£13 - work & uni food for the week plus one meal for home
£4.89 - stamps and birthday card
£10 - to go into birthday card