£31k of debt to go in 18 months.

Jamesyb123

flapflop said:

Good news, Ebay 'found' the £113 they said they sent me last week and sent it today. I knew I was missing some somewhere so word of caution, be vigilant with this new managed payments system. That has reached my account today so that is going straight to Very. Also sold something for £25 so that can go towards the debt too. 
I have just found £130 tucked away in a savings account which has come from selling things recently. I thought I was on top of it and now I am finding extra money! I have no idea how that has happened because I was being so diligent. Better to find money than lose it but I would still rather know why it is there. That is £130 on top of the £120 I have put aside in case SO needs it. I'm not going to use it towards debt just yet because it is making me nervous. What are you little pot of money? Why do you exist? The temptation is there to use it because then that is a £384 debt down to £116 but at the time of moving it I must of thought it was necessary to keep it. I'm too young to have reached the age where I no longer know why I am doing things. Anyway, even without using it I am still only left with £246 to pay. 

That’s a good news day then 😊

flapflop

MrFrugalFever said:

Finding money you didn’t realise you had is always a pleasant surprise

perhaps you could put live running totals of your debts in your signature? It’s sounding like you’re really hitting them hard!

@M@MrFrugalFever I have changed my signature. Is that clear? I tried looking at how others had done it. 

MrFrugalFever

That’s great Flapflop, hopefully will help you as you see it all in one place and actively going down  
I really like these positive action stories, gives people hope in their darkest hours.

remote_control

Yes I like the new signature. So basically it's just the last of the very and the paypal that need to be gone ASAP. Then you've just got the four big debts that are relatively stable. 
When do the 0% ones end?
Have you closed the Next and Simply Be accounts?
Maybe I'll do my signature!

remote_control

I did my signature! 

Jamesyb123

flapflop said:

MrFrugalFever said:

Finding money you didn’t realise you had is always a pleasant surprise

perhaps you could put live running totals of your debts in your signature? It’s sounding like you’re really hitting them hard!

@M@MrFrugalFever I have changed my signature. Is that clear? I tried looking at how others had done it. 

Once very and PayPal have gone things will be looking very good for you going forward 😊

Sarahwithlove

At work we use entitled to for most accurate benefit calculator. Did you manage to sort your council tax support? You're doing so well with the debt clearing and selling stuff. There's something invigorating about having a good sort out. 

remote_control

What are the interest rates on the two loans?

flapflop

So I have a good 20 months left on each of the 0%. The loans have interest of 3.3% and 5.5% so I'm paying the bigger interest after clearing paypal and then the smaller interest then the Tesco 0% which finishes a couple of months before Virgin and that should leave me time to clear virgin but if not I'll do a balance transfer. Im hoping to use that 0% ending as a target though. 

Jamesyb123

flapflop said:

So I have a good 20 months left on each of the 0%. The loans have interest of 3.3% and 5.5% so I'm paying the bigger interest after clearing paypal and then the smaller interest then the Tesco 0% which finishes a couple of months before Virgin and that should leave me time to clear virgin but if not I'll do a balance transfer. Im hoping to use that 0% ending as a target though. 

This plan sounds spot on 😊