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Biting the bullet
Comments
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Well done on the huge progress you have made in 2020. Keep going!paydbx2024 #2 £2395/£5000 . Mortgage start £148k June 23 - now £142k.
2024 savings challenge £5/£2000 EF £140. Savings 2 £30.00. Weekly savings envelope #170 -
Finally I seem to have been offered a few (albeit minor!) BT cards. I've also bitten the bullet once more and cut up the trusty AMEX that's been haunting me. So, with a money transfer to pay off my PayPal Credit (this one's been really annoying me) and a BT to take a big chunk of AMEX away it feels good. These transfers will both be paid off in 6 months. Current plan is to hit sub £5k by end of June...2
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So PayPal now on £0 - I hate how these payments take ages to process and so glad to have cleared this with MT money that's on 0%.
Current totals (now sub 10k!)
£1200 on 0% CC1
£1200 on 0% CC2
£2800 on Lloyds
£4500 on AMEX
Total now £9700
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Well done! Making good progress! Whats your target Debt free month?365 Day 1p challenge - £371.49 / 667.95
Emergency Fund £1000 / £1000 ( will enlarge once debts are cleared)
DFW - £TBC0 -
If I keep going this aggressively then July 2021 is possible...0
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I'm still being strict with myself - posting to try to keep accountable. I transferred 'spending money' to monzo on payday, but every time I have a NSD I transfer my daily budget to AMEX CC to chip away. Feels so good to be in single figures for first time I can remember. Lack of opportunities to spend, and shifting shopping to Aldi have both helped massively on this final strait.2
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Doing some spreadsheet work... DFD of 25 July still definitely possible. For the first time (ever?!) I've stuck to groceries budget this month. One more C&C at Aldi to pay and it'll be within budget by 2p!! Can't say it's been that easy but with careful planning it's possible. Continuing to pay down as I can... every time I have a NSD I chip a bit more off.1
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Does anyone know how long balances take to get reported to ClearScore? Checked my new score today - it's gone up a tiny but, but debt total is still what it actually was in November and there's about £3k to come off!!0
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Sorry can’t answer the question but what fantastic progress!! Well Done!!April 2020 - £102,222 Loans/CC’s.
Jan 2022 - £0
Cleared - £102,222
Jan 2022 - Now time to build suitable investments and a business!1 -
Generally they tend to be one or two months behind.*Dad loan - £5300 - £4800
*Virgin Credit Card - £3552.50 - £3000
*Natwest - £1828.35 -£1450.00
*Total debt - £9250*
Savings
*Sinking Fund - £2500/£2500
*Emergency Fund - £1000/£2000
*Virgin CC Overpayment Pot - £2335/£3750*
*Natwest CC Overpayment Pot - £100/£1125*
*Weight loss Pot - £45/2000*
New diary- https://forums.moneysavingexpert.com/discussion/6474943/the-three-cs-coffee-clothes-credit-cards/2
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