Being frugal

Sncjw

Hi everyone’s

Just. Wanted to start this diary so I can keep myself motivated to pay off my credit card. My limit is £3,500 which to some people it is low. I am on a 0% deal until
September 2021. Yes that’s two years away but I will
Explain why I want it brought down.

I have £1,800 on the card at the moment. I earn £1,200 a month and £600 of that goes on bills. I have £600 left and £200 of that will be going into my help to buy isa. This is non negotiable as my dream is to have my own home. £100 of that will go to my credit card. £200 will be withdrawn to set aside for my food shop and any other bits I need. I am setting £20 a week for food shop which is doable and £30 a week for any spends I need for say stuff for me or Xmas present. I will have £100 left in the bank in case of any emergency bills and to build my cash up to pay the rest of my credit card in one swoop.

I think this is the best way for me.

I have already put £200 into my help to buy isa today. That is building up nicely.

doingitanyway

Good luck with your frugal journey.
Well done on tackling it before it gets out of control.

darrannah

good luck on your journey, I look forward to reading how you're getting on