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Final steps to debt freedom

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  • gymgirl11
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    Still working from home. Not too much to report on but coming online keeps me in check.

    No surveys this week. All of them at the moment require a laptop/computer device and I only have my work one so it doesn't feel right using it. I haven't spent any more money this week which is quite good for me.

    You'd think being at home would stop the spending but between March and May I was ordering online a lot (not using the credit card) so I've accumulated a few bits - mainly a lot of gym clothing, however, all my older stuff I've had for 2 years and was starting to get holes and sagging/unsupportive bras.

    I have £28 approved on topcashback which will go into the kitchen fund pot once it goes into my account.

    Hope you all have a good day :) 
  • gymgirl11
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    Looked at topcashback this evening and the £28 is now payable so I have requested a BACS transfer which should be here by the end of the week! Once this gets transfers to the saver account I'll have a better idea of how much more we need to save for our kitchen! 
  • designingalife
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    Seems to be the way of things now gradually reduce sizes and put up the price simultaneously.... when we buy chocolate bars in multi packs , wispas, double deckers etc they are similar in size to what used to be sold as fun size. Well done on making it cost neutral 👍
  • gymgirl11
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    Seems to be the way of things now gradually reduce sizes and put up the price simultaneously.... when we buy chocolate bars in multi packs , wispas, double deckers etc they are similar in size to what used to be sold as fun size. Well done on making it cost neutral 👍
    Yeah, I've found that. Or they've removed a bar or a few biscuits but kept the same prices. I guess it's just being mindful and comparing to see if an alternative is cheaper!
  • gymgirl11
    gymgirl11 Posts: 174 Forumite
    First Anniversary First Post Name Dropper
    edited 17 December 2020 at 2:57PM
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    I thought I should post a breakdown of my debt. This is as follows:

    £3890/£8000 - B Card (debt card)

    £193/£2700 - H Card (this is my monthly spending card which I can afford to spend £200 a month)

    £0000/£4000 - V card (future balance transfer card - if needed)

    £0000/£2,330 - A card (store card)

    As you can see, I have a good amount of available credit measured against the amount of debt I have. I will occasionally put a purchase on the A card to keep it active. They normally offer 1/3/6/12 month interest free payment plans but I normally pay it within the first month like a normal spend.

    My V card is the card I will use, come next November, if I need to balance transfer the remainder of my B Card onto. This card is hidden and I have no clue what the pin code is!! 

    My plan is when the final debt is paid I will then close the V Card & H Card. I will keep the B card for every day spending as it offers better deals (discounts on concert tickets, discount on restaurants etc.) 

    This is also my card that I've had for 6 years so I'd be a bit reluctant to close it as I don't want it to impact my credit score.. or will it not really matter if I then have no debt? 

  • gymgirl11
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    Did our food shopping last night for delivery today. It came to £50.42 and needs to last us until the 27th of December. The remaining money we have in our account, £2.42, has been sent across to our savings. We both get paid on Tuesday and have no further outgoings so have taken the account to £0 in preparation for our next payday.

    For next month I have budgeted for 5 weeks rather than the usual 4. The only thing we really have 5 weeks of will be food shops.
  • gymgirl11
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    I used my spend CC today so I spent £11. Unfortunately, my partners Nana died last night of Covid so today we went on a long walk to get out the house and get some fresh air. On our walk we grabbed a takeaway drink and a cob. Sometimes a small pick-me-up in such circumstances are needed.

    As you can imagine, the day has been full of emotions so it's all tiring.

    I wish you all a healthy and happy weekend :) 
  • FootyFanDan
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    Hey, I have been reading along your diary in the background but having read your last update I though I would appear from lurking to pass on my condolences re your partners nan. Agreed re the much needed pick me ups in these circumstances
  • gymgirl11
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    Hey, I have been reading along your diary in the background but having read your last update I though I would appear from lurking to pass on my condolences re your partners nan. Agreed re the much needed pick me ups in these circumstances
    That's OK, thank you so much.
  • gymgirl11
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    Morning all. Not too much to report on this end. We pretty much stayed in the whole weekend and watched all the football games. My team won 2-0 which was quite a surprise! 

    Still waiting for £28 from topcashback to come into the joint account. 

    Also managed to get a delivery slot for £1 for the Christmas period. Although, I was on the website at 00:40 and there were only 4 slots left!! Seems like everyone had the same idea.
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