Time to Face The Music

RelievedSheff

Just got back from a nice walk with the dog. He is crashed out in his kitchen bed now. 



I have just prepared dinner and I think we are going to get monopoly out now.

RelievedSheff

Monopoly really didn't go well for me today🤣🤣🤣

RelievedSheff

£251 paid to the car HP loan, £393 paid to the motorhome HP loan and £100 paid to Card 6 today. 

Other than the above it is a no spends day. Breakfast, lunch and dinner will be from stores. Breakfast was toast, the other half has taken his packed lunch to work, I am having spicy bean soup for my lunch and dinner tonight is chicken and vegetable pasta with garlic bread.

Today's jobs include:

• working from home
• posting the last of the Christmas cards
• vacuuming the house
• dusting the house
• walking the dog x 2

RelievedSheff

Balances Update 20.12.21

 

Furniture Loan = £0 (Account Closed)

Debt 1 = £0 (Account Closed)

Credit Card 1 =£0 (Account Closed)

Credit Card 2 = £0 (Account Closed)

Credit Card 3 = £0 (Account Closed)

Credit Card 5 = £0

Credit Card 4 = £850 (£150 repayment 0% interest until November 2022)

Credit Card 6 = £2700 (£100 repayment 0% interest until August 2022)

Credit Card 7 = £10100 (£200 repayment 0% interest until November 2023)

 

HP Car Loan = £664 (£251 repayment final payment February 2022)

HP Motorhome Loan = £20444(£393 repayment final payment April 2026)

Paypal Credit = £640 (£100 repayment 0% interest until December 2022)

 

 Total Debt = £35398

milann

It’s all looking good - and what I like most of all is you are continually to live and not let the figures rule 👏👏👏

RelievedSheff

milann said:

It’s all looking good - and what I like most of all is you are continually to live and not let the figures rule 👏👏👏

Thank you

We figured you only get the one shot at life so we may as well live it while we are fit and healthy enough to enjoy it. 

We could have put our efforts into paying down our debts more quickly but we don't want to look back later in life and regret not getting out there while we could. 

The aim is still to have all of the credit cards paid off and the motorhome HP loan paid off before we remortgage again in 2026 which we reckon should be achievable. 

warby68

I think you have it spot on. Its changing the habits and the direction of travel far more than the speed. Extremes are hard to live with as well for anything more than a short period.

One thought I did have, and its more like a bit of disaster scenario planning is that you might like to consider building up some savings alongside the 0% debt so you start having some reserves. You can always pay off the debt with it if the 0% dries up for any reason. However If something like job loss or health hits you could make an arrangement for whatever debt is left but would also have a little on one side as well. Just a thought. 

I can't believe your dog's name on his harness either. So funny. I'd love to know his real name (unless that's actually it eek)

RelievedSheff

warby68 said:

I think you have it spot on. Its changing the habits and the direction of travel far more than the speed. Extremes are hard to live with as well for anything more than a short period.

One thought I did have, and its more like a bit of disaster scenario planning is that you might like to consider building up some savings alongside the 0% debt so you start having some reserves. You can always pay off the debt with it if the 0% dries up for any reason. However If something like job loss or health hits you could make an arrangement for whatever debt is left but would also have a little on one side as well. Just a thought. 

I can't believe your dog's name on his harness either. So funny. I'd love to know his real name (unless that's actually it eek)

The dogs name is Sydney.

We are planning to start putting away the £250 a month once the car HP loan is paid off in February. We will start putting this into a savings account and use it for general costs associated with running the vehicles, with hopefully a bit left over each year to start building up a bit of a rainy day fund.

We do need to get into the habit of starting to save properly now that the balances are coming down and being paid off otherwise the money will just get lost in general day to day spending. 

milann

Sydney suits him 👍😂👍

Sun_Addict

I just knew your dog would be called something like Sidney 😆 Yes it does suit him.