Time to Face The Music

RelievedSheff

 £200 sent to card 7 today. A no spends day other than that. Number 1 for March.

Breakfast, lunch and dinner will be from stores. Breakfast was toast, we are both taking packed lunches to work and dinner tonight is chilli pancake bake. The chilli is in the slow cooker so just need to wrap it in some pancakes tonight and stick it in the oven with some cheese on top.

We are dropping the van off at the dealers this morning so a late start for us which had confused the dog no end 🤣🤣🤣

LittleMissDetermined

Love a good slow cooked chilli, I did one last Friday and batched portions for the freezer

RelievedSheff

Balances Update 01.03.22

 

Furniture Loan = £0 (Account Settled)

HP Car Loan = £0 (Account Settled)

Debt 1 = £0 (Account Settled)

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 = £400 (£200 repayment 0% interest until November 2022)

Credit Card 6 = £2500 (£100 repayment 0% interest until August 2022)

Credit Card 7 = £9500 (£200 repayment 0% interest until November 2023)

 

HP Motorhome Loan = £19658(£393 repayment final payment April 2026)

Paypal Credit = £440 (£100 repayment 0% interest until December 2022)

 

 Total Debt = £32498

warby68

Looking good - by summer you should only have 2 debts plus the van if I'm reading it right. All neat and tidy then,

I've already given my vote for saving a bit alongside to build the habit with all the old 'bad' debt now on 0%

It must feel so good going into this year in this position and with loads of flexibility to slow down overall repayment if some must haves crop up.

RelievedSheff

It does feel good to head into a new year with our finances looking in much better shape. I look back and don't know how we coped before. It really does feel as though we have turned a corner now.

Now we need to build the new habits with making regular savings and restricting our credit card spending.

No point doing all the hard work now to just throw it away again! 

milann

That’s the tricky part once you’ve got the debts down……keeping them down and never forgetting that feeling when the grim figures couldn’t be faced 😳 Hopefully all the bad habits have been replaced by new ones 🥂😁

RelievedSheff

Just heard from the dealers and they are putting the warranty claim through to the warranty company this afternoon. They have agreed that the fridge needs a new circuit board. They have managed to somehow fix the electric heater elements in the boiler so that doesn't need any new parts. 

Just waiting to hear how long it will take them to get the parts for the fridge and get them fitted now and when we can have the van back. Don't expect it will be this week so we are planning a quiet weekend at home this weekend. 

LittleMissDetermined

RelievedSheff said:

It does feel good to head into a new year with our finances looking in much better shape. I look back and don't know how we coped before. It really does feel as though we have turned a corner now.

Now we need to build the new habits with making regular savings and restricting our credit card spending.

No point doing all the hard work now to just throw it away again! 

This really resonates... I have no idea how I coped before and the difference reducing my debt has had on my mental health has been immense already, so I can only imagine how it will be once it's gone

ladyholly

I can't wait for the conservatory loan to be paid. Hopefully by the end of the year which would be 2 years early on a 5year loan. It will make a huge difference to us in terms of having a little bit of money to save to replace stuff. Was hoping to save a bit as no ct this month but the dog insurance has stuck 2 lots of excess on the almost £1000 bill to diagnose and start treatment for the oldest dog with heart and kidney failure. I owe just under £400 because one of the bills was the day after the renewal. 

alt80

You’re doing brilliantly with the finances @RelievedSheff I think building new habits will be easy enough for you. I can see where you’re coming from re not sure how you coped before but you did, when things have to be done you just ‘find the money’, you have to to keep things turning. I didn’t really realise the way I was living my life led to the stress it did until the first Covid lockdown; didn’t even learn from almost completely !!!!!! up before, look back at things now and idk how I kept a business going and tbh how the !!!!!! I met my commitments idk just did because I had to. My point is you have built new habits mate and have such a positive outlook with realistic goals that you’re happy with that you won’t find yourself in the position you were again.

Really enjoyed reading the tips for your France trip; I wouldn’t mind doing some kind of French road trip myself at some point tbh.