Clearing my debts 1% at a time

Rud0lf

Another few pounds to mum today, £240 extra paid this month. Still managing to have more money than monthly £44 still in my bank and get paid in 5 days. 

Hoping this weekend is a quiet one after a busy week in work. Just need to get the boys a promised treat tea with football on Saturday and a haircut for the eldest tomorrow. Hoping to make it through with £20 ish, anything left by midnight on Tuesday will be paid to very or mum.

Aimingforthegoodlife

That is an amazing overpayment for the month! Well done! Fingers crossed for the £20 left before payday

Rud0lf

Figures as they stand

Cc1 893.64
Cc3 94.17

Bank of mum £125/1100

Student loan is 1640.34 
Very 9.59/1649.59 
Pay in 3: 95.23/174.03
Cc2: 1205 
Total debt £6526.35

Plan of action
Cc1 will be halved with February payday and cleared with March payday
Cc3 will be cleared February payday
Cc2 will reduce by £250 and will be gone by June payday.
Bank of mum I'll keep chipping away at and tackle more in the second half of the year
Student loan is reducing by about £119 a month and is my only interest paying debt not sure how to over pay this yet but I'll investigate.
Very I will pay at least £200 a month to clear before interest hits which would be really high, this will be gone by September payday
Pay in 3 one ends this month the other will be paid by April payday

All debt will be gone by the end of the year and my savings I'll be increasing.

I have a pot for car saving, a pot for holidays and a pot for Christmas. I'll increase more as the year goes on. Most car expenses hit after July so should have enough to pay car insurance outright etc. any left over will become the start of saving for the next car. This is far in the distance as I only tootle to work and back and my car is 6 years old but hasn't done many miles.

I'm at £37 and 3 days until payday only planned spend is treat tea today for the boys anything else can wait until Wednesday.

lucielle

Looking good. 

L

Rud0lf

£9 payment off very, boys wanted different things so I got one and hubby got the other so the extra I've paid off.

Rud0lf

Youngest decided not to go to an activity which is pay as you go later, managed to get eldest's subs from purse and change pot so £10 that was allocated to pay has gone to mum. 

£20 left in purse and hoping it stays there for another payment.

Rud0lf

Still had £20 left in the bank this morning, I decided to transfer £5 to mum and will transfer the rest this evening if it isn't needed for anything today. 17 hours until payday. Looking forward to paying down what I can tomorrow morning.

Rud0lf

Pay day so the great money shuffle has been done as my ADHD brain is lying awake so might as well make good use of it.

228.16 very payment made 
23.33 pay in 3 paid
50 mum paid

All money has been transferred over to the bills account and now I just have to concentrate on not spending too much if possible. However this month I need to buy school trousers, a mother's day gift for my mum and pay for a storage unit to move everything out while the rewire is completed at the start of next month. 

More money is allocated for debt repayment with 399.83 going to cc1 and 94.17 going to clear cc3 on the 1st, 18.49 coming off pay in 3 on the 11th around 120 coming off the balance of the student loan on the 15th and 250 coming off cc2 on the 2nd Just waiting for direct debits to do there thing, will update my signature as they go.

2.86 sent to mum to make overall debt a whole pound amount 

Rud0lf

494 step change payment made clearing cc3 and leaving one payment left for cc1.

Chipped away a little more towards mum, and have got under £900, a couple of pounds and pence to get very to £1400.

Since 16th Feb I've paid off over a thousand pounds, I've got another 388 in usual payments left to go this month, £250 to cc2 including overpayment, 120 ISH to student loan after interest is added and 18.49 pay in 3. This will bring me to around £5300. This will mean I've reduced bent by over £1400 in a month. 

Next month won't be as much as there is a zero birthday for my husband and my sons birthday as well as Easter school holidays so already an expensive month but we're also having a rewire and will have a plasterer in. 

Rud0lf

250 has gone to cc 2 today. Bringing it in to the 900s

Two more automatic payments this month, 18.49 on the 11th, and SLC on the 15th which will reduce the balance by 120.79

I'll also keep chipping away with small payments as and when rounding my accounts and sending all spare to very or mum. 

Need to get birthday cards for husbands birthday as the next payday will be just before Easter weekend and we go away for his birthday on Easter Monday so want to be organised. Will need to buy him a couple of things to open but the trip is his main present. Also need to buy some more Easter eggs. 

Today the weather doesn't seem great so we'll mainly be packing boxes and doing housework.