Im Starting In Jan 2008!!!!

sammiboo

that £840 a year on cigs must be a real eye opener when you think that could be used to pay off some of your debt

Jeeves1983

Right then! My wife is in on my repayment plan for our debts. We have also decided that if we can manage £1000 per month then we can afford to pay that amount into a savings account once the debts have been paid off. What do you think? We want to save up for a house. I have printed off my snowball results and pinned it to the fridge so we can track it month at a time.
Roll On January 2008!!!!!!!!

painted_lady

JUst wanna wish you good luck, I did a similar thing this time last year. I was pregnant and in a lot of debt. I hated the thought of having debt for years while bringing up baby. Things really arent so bad now, hoping to be debt free next year (of personal/bad debt, but will have some productive debt I have for my business).
I use cotton bottoms nappies on my baby, wash them at 60 degrees and it is saving me a fortune, only use a disposable at night. You can buy them on ebay. I also make my own baby food, cheaper and healthier than little jars. Look on the money saving in families board for ideas, can cut your monthly shopping by loads. Its the little things you do that become habitual and they add up to become the bigger picture and you can therefore pay debts earlier.

Merlot

Jeeves1983, nice to see you back, I wondered where you had gone.

This is your thread from a couple of weeks ago, in case anyone wanted to read it.

http://forums.moneysavingexpert.com/showthread.html?t=599433&highlight=jeeves1983


You have received some excellent advice on this thread and on the other, and tomorrow is not too early to start, please don't fall into the trap of buying expensive Xmas gifts and think I'll start in January, every pound spent is adding onto your Debt Free Date and the dream of owning your own home will be further away.

Jeeves1983

Thanks Merlot. Nice to know i have a lot of support. Why is it though finance companies seem to know when you have decided to do something about your debts? The morning after i decide to go hardcore on my debts, i get three letters from companies saying i have been pre approved on various loans.
Scoundrels the lot of them.

Jeeves1983

My wife and i have decide to not pay out a grand in one hit per month, deciding instead to test the water as it were by paying off a bill at a time and seeing if we can survive. Our money comes in at varying times of the month so we shall see. We do aim to Pay off the vanquis, capital one and if we can a big chunk of our provident loan in one hit in january. Lets see how it goes, I aim to have paid all my CC's and provident by april. Anybody wanna join me?

helliecopter_2

Hey Jeeves - just a quick message to see what the distance from your quarter to work place is. My DH is in and he works just over a mile away from home and gets Travel to work mileage - if you're more than a mile it might be worth speaking to your admin and asking if you can get it. It's not a massive amount, but ours works out about £20 a month. Every little bit will help and if you get it's extra money to get your DFD closer.

Well done Jeeves and Mrs Jeeves - you've taken the first step. I think the forces way of life seems to be king for a day. I know too many people upto their necks in it and no thought for the future. I had my lightbulb moment not so long back although our debt is small, I wanted to clear our names once and for all. We're in a lucky position that we're being posted overseas and the LOA will clear the lot within weeks. We then plan to whack a load of the mortgage and save for a new car. I know it depends on your trade, but is there any change of an overseas for you?

Good Luck and keep us updated of your progress.

Jeeves1983

No unfortunately as i work with the Apache and they are all based in the UK. I do claim the benefit, RPOD, and it gives us another £60 in our pockets a month. The tax free lump sum from serving in afghanistan should be through soon so i can put that towards it too. I asked my credit card companies today to reduce my interest for a few months, and they said it will go onto my credit file if they do. Didn't know that happened. Oh well. Anyway, thankyou for the support. It's greatly appreciated and i hope all goes well for you too.

Jeeves1983

Hi all.
Just a quick update. I got my bonus through for being in afghanistan. I finally paid all bar one of my friends and family debt and managed to scrap my Capital 1 Card. Woo Hoo. 1 debt down, 4 to go.

Good luck all and happy New Year!!!

Jeeves1983

Hi all.

Know its been a while since i have been here. Just with the credit crunch goin on, i thought id pop in and see how everyone is doin. Its great to see that even though things seem tight with the crunch and recession on, everybody seems in high spirits and still able to clear debts. Which is great.
I just cleared two of my credit cards. I have a £100 one which we will keep. Xbox Live Account only. We are pressing to clear my Wifes £1000 Vanquis card. Our interest on our HSBC Managed loan has dropped loads too. Out of £155 a month, £60 went as interest. Now its gone down to £33.
We are starting again with a renewed energy to clear debts. We had a great xmas and now in Jan we start a fresh.

Good Luck everyone & Happy New Year!!