Final steps to debt freedom
in Debt free diaries
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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.
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?
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.
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