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2020 time to change

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Comments

  • EchoB
    EchoB Posts: 124
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    Thanks all for your comments. I will probably have to dip into the EF to clear my £1k 0% due in August, but at least I will have some back up squirrelled away. I hope to have most of it saved separately but that has gone out of the window with “unforeseen expenditure” over the last couple of months so I need to knuckle down and be ready for it.

    I’m a bit behind today, but I will update my totals tomorrow once all my DDs have gone out.

    So payday today 😁

    I’ve worked out that I have just under £200 to last the month after paying everything and after my EF contribution.

    Hopefully I can make it last on lockdown! At least I’m restricted on most things 😁
  • EchoB
    EchoB Posts: 124
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    edited 30 April 2020 at 8:23AM
    PS @mark88man I bank with NW and they said their OD rates were staying the same and they were delaying the new 39% by 3 months.  I have £250 interest free.

    I’ve not heard anything about £500 from them. I’m keen to not go into my OD again, it was a real challenge for me to crawl out of mine 🙈
  • bd80s
    bd80s Posts: 368
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    Yay to pay day!  
    You can get the £200 to last, as you say nothing much to buy as all the tempting shops are closed :smile:
  • EchoB
    EchoB Posts: 124
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    So payday today, another step towards debt freedom.

    my totals for the month are

    Loan 1 £12,702 /14,396 I overpaid by £158 in April, there won’t be any overpayments this month
    Loan 2 £13,886 / 15000

    CC1 £0  / 4,022 
    CC2 £4,181 / 4,397 0%
    CC3 £1,023 0%

    Total Debt £31,792 from £37,816 
    15.9% paid off so far.

    I need to clear CC3 next as it was only a 6 month deal, I have put £222 into my EF this month and it will be a struggle to not touch it! However I did end April with a £500 OD and I am intent on not going overdrawn in May. I have £150 to live on this month, which I am going to try to do.
    Next month I will put £250 aside for CC3 and hope to in June also, so come the end of July I will have £500 to find. This isn’t unachievable but will be hard. Incidentally CC1 has offered me 0% BT for 12 months, but I’m going to try to not use this. 
  • EchoB
    EchoB Posts: 124
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    @bd80s the £200 became £150 😱😱😱
    I’m going to try my hardest, I have a freezer full of food and nowhere to go to be tempted into my old naughty ways!
  • savingholmes
    savingholmes Posts: 29,235
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    HI Echo you have a plan - you can make it - even on £150.
    Achieve FIRE/Mortgage Neutrality
    1) MFW Nov 21 £202K now £165K Equity 38.88% 6/9/26
    2) £1.5K Net savings after CCs 29/8/26 (but owed £130) so £1.6K
    3) 47/82K @29/8/26 = 57.31% AVC Goal by mid 2028
  • mark55man
    mark55man Posts: 8,221
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    good luck echo - very doable if not enjoyable- never a better time
    I think I saw you in an ice cream parlour
    Drinking milk shakes, cold and long
    Smiling and waving and looking so fine
  • EchoB
    EchoB Posts: 124
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    edited 9 May 2020 at 4:47AM
    Down to £89! Although I don’t need to buy any food for about 10 days 😁
  • mark55man
    mark55man Posts: 8,221
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    its in the bag!! (or the fridge)
    I think I saw you in an ice cream parlour
    Drinking milk shakes, cold and long
    Smiling and waving and looking so fine
  • EchoB
    EchoB Posts: 124
    Third Anniversary 100 Posts Name Dropper
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    I can’t say it was all healthy either 🙈
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