The times they are a changing.

LW7

Also, I took a bit of a wild punt last week.  I was due on a stag do this weekend, so had £350 saved up for spending money over the four days in Spain. 

As that was cancelled I decided to take some advise from a friend (I know I know) and buy some Crypo Currency from an App I had used before. Anyway, long story short, I bought £350 worth of CHAINLINK crypto at £1.23 per coin. 5 Days later, I was up to £530 - which is great, although, as with Crypto the highs and lows are big, so down to £442 value at the moment.

I've decided, in a rather risky move to let this ride at the moment and see where we are in a few months. If I can double my money and get this to £700 I will withdraw it all perhaps! 

LW7

Some good news in times of sadness, the wife's bonus is £3975, which after tax will be enough to clear her half of the credit card plus a few hundred in her savings for a rainy day. 

LW7

I literally cannot wait to get paid on Friday and get this paid right down! 

savingholmes

It is great to be able to pay off such a big lump sum right now. Well done. Stay  home, stay safe.

LW7

Thank you. I hope you're all safe too,

Bonus payday has arrived and I've made my payments and so has the wife, here is how we are looking.

Balance as of last week £4,718.30

Payments
£2250 (Wife bonus)
£1327 (my bonus)
£50 joint account payment.

Total payments: £3,627
Remaining balance: £1,091.30

Future payments: 
£206 (Wife's expenses)
£115 (Ryan Air Refund)

Total : £321
Remaining balance £770.30
Not quiet the full pay off I wanted, but still we've reduced it by around £4,000 in one month!

I'll update a final total when future payments go off. 

savingholmes

Fantastic progress - well done for staying disciplined and paying it off. 

LW7

Thank you. 

So the account has been updated. 
£815.30

With £115 & £206 to come off that shortly.
So £321. 

This means my remaining balance is 

£494.30 

I'm so happy right now! 

savingholmes

You're so close. Well done. 

LW7

😢 

OK miss calculation from me. 

Latest statement actually shows that I owe £740.73 on the credit card.

So far during lockdown I've managed to save £450 from my wage, and that should be available at the end of the month. 
Also remember I said I put some money into crypto from that I had saved from a stag do I didn't go on?

If was £350. Well with ups and downs this morning the portfolio has just broke £700 in value!! So literally doubled my money.

As it stands I have enough to clear my credit card and a few quid left over. 
However. My plan is to use the £450 saved this month on the credit card and try the same next month, keeping my crypto portfolio as reports suggest it Wil go up higher. 

If I reach £1k I will withdraw it all I think or maybe half and keep the profit in there to see how that does.? 

Though lockdown is horrendous for many, financially staying in has some benefits. 

savingholmes

You have to take the benefits where you can