We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
2020 time to change
Comments
-
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 😁2 -
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 🙈3 -
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
1 -
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 £37,81615.9% 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.1 -
HI Echo you have a plan - you can make it - even on £150.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/251 -
good luck echo - very doable if not enjoyable- never a better timeI think I saw you in an ice cream parlour
Drinking milk shakes, cold and long
Smiling and waving and looking so fine2 -
Down to £89! Although I don’t need to buy any food for about 10 days 😁
2 -
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 fine2 -
I can’t say it was all healthy either 🙈1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards