I hope I can do this

pidge04

Wow, what a productive day!

Plain_Jane

Hi Ftb been reading your diary - good idea about the standing orders for credit cards. Was it easy and do they all fall in the correct time period? I!!!8217;d love all mine to come out on payday.

Buffythedebtslayer

You are amazing.

Truly, you are so motivated. I am in awe of you!!

XXX

ftbwannabe

Aw, thanks for the encouragement, guys! I hope I have enough steam to carry me through the next 2 years of debt-clearing... this forum 200% helps me :-)

PlainJane, it was easy but I know that standing orders aren't best for everyone - take your eye off the ball, you could miss a payment amount change, which would make the standing order amount not be enough & get a late/non payment charge. If you just want to change the date your direct debits come out, I'm sure the bank/card people will change that for you! It might mean a month or two where your payment amount changes (because they need to recalculate your payment amount when the date changes) but after that it'd be regular. More & more credit cards also let you specify how much you pay each month, too (all but one of mine do).

pidge04

Have you worked out an exact debt free month in 2 years?
I am aiming for August 2020.

ftbwannabe

Hi Pidge, I'm hoping for July 2020, so it's going to be a good summer for us both!! :beer:

Plain_Jane

Thank you I will look into all of this - my Barclaycard comes out ten days before payday which lulls me into a false sense of security thinking I have loads left when I don't.


Keep debt busting you are doing brilliantly.


PJ

pidge04

July 2020! Ok, I have to try and make my final loan payment in July 2020 so we will be finished at the same time! :-)

ftbwannabe

Yess! Or I get a month's grace & we glide out of debt together in the August :cool:

pidge04

I cannot tell you how happy I am to have this shared focus! We can do this!!