Last £5000 to clear

pidge04

I have had a diary for nearly 2 years and when I started I had over £15,000 of debt and I was feeling completely overwhelmed.

I had 2 maxed out credit cards (£5500), 2 overdrafts (£1750), a loan (which was £13,000 when it started) and 2 store cards (£500).

This came about from ....
1) Overspending on things I didn't need
2) Feeling pretty depressed
3) Not being a team marriage
4) Working part time while my daughter was under 5 and I couldn't afford it
5) Not budgeting
6) Doing ridiculous debt consolidation (loans) then getting into more debt.

I think I am on the home stretch or nearing it at least so here's a new diary and a fresh start (I need it!) for the last leg.

Debts now...
£2900 on 1 credit card.
£650 on 1 overdraft.
7 payments of £227.52 until my loan finishes.

I won't clear my credit card by the end of this year but I will be happier when it goes under £2000 and when it is my sole debt.

Here goes! :j

enthusiasticsaver

Well done pidge. I remember your old diary and you have come so far and sound so in control now. There is a big shake up of overdraft charges at the moment from April this year so have you checked how these will affect you?

pidge04

Thank you! I do feel more in control of things now. I intend to be shot of my overdraft by April. Seems to be lots of changes on that front.
Hope you're well.

pidge04

Right! Today I bought a pack of envelopes in B&M to start putting my weekly personal spending money into envelopes. That will start from Saturday.

I also need to work out my budget for 24th January - 24th February before I go to bed tonight.

My main focus at the moment is to clear the £650 overdraft on the bills account.

I think I can decrease it in £50 or £100 chunks.

Going to list some bits on eBay land Facebook marketplace ater.. Not hopeful for £50 but if I could get £25, that would be great!

savingholmes

All sounding good. Have a good week

pidge04

Thank you and you!

I worked out my budget for Feb... It will be a challenge!

I gathered a few bits together to try and sell.
A small step in the right direction!

:T

evebeme

Every journey stats with a single step. You'll get there.

pidge04

How true is that?

It's definitely the small things which amount to a lot in this.

Have sold 2 things so that's a fiver to come in plus I've got a new babysitting job booked in for Feb.... Things are looking up!

:j

savingholmes

Congrats - it all adds up

pidge04

Hello

Feeling a bit sorry for myself after a really hard week.

Pay day has arrived. Paid £100 off my last overdraft... £550 to go!

I'm hoping to clear another £50 by next payday through babysitting and sales.

Have a good weekend.

savingholmes

Hope you're okay. Well done for the progress you are making.

See if you can 'shop from home' to find something to give you a lift.