A house of cards - help

tinalives

Congratulations!! What an inspiration!

Squiffy

Well, seems like time for an update.

I'm still at the same company, moving to a new role within the department on Monday. At my review at the beginning of the year I was promoted to Vice President and had a nice pay rise.

This month is the very last month that we have to pay nursery fees, so that is going to free up a bit more cash to throw into savings.

In an earlier thread I mentioned about the company sharesave scheme I was in. This has matured, and I've sent instructions for the shares to be sold. So in the next few weeks I should be getting a cheque from them. I can't quite believe this, but I've double checked and triple checked the figures. Seems like my original £1500 investment is going to return almost £25k. :eek: I really can't believe it, I can't wait to get that cheque in the post!

All of my debts are now on interest free cards till March next year. I'm overpaying the mortage and starting to build up some cash savings again. When the interest free periods expire on my cards, I'll be able to pay a decent chunk off out of savings and (hopefully if my figures are right) sharesave. I've cancelled some credit cards I no longer use, and will look to get another 0% deal for whatever is left on my credit cards.


Things are going well.

marksandsparksgal

New to your thread Squiffy (great usename btw) and just wanted to say

WELL BLOODY DONE!

Good to hear some success stories, keeps the rest of us going! :money:

Squiffy

OK, that cheque from my sharesave arrived today.

And it wasn't for £25k. My calculations were slightly out.....

It was for £27.5k! :beer:

I'm going to bank this for the remainder of my interest free period on my cards (until March), by which point my monthly payments will have this down to less than £27.5k.

So I'll be debt free then! :T

Cazzdevil

Wow that proved a worthwhile and lucky investment!

spud30

Flippin heck Squiffy.

I just read the first post and last post of this thread - you've done amazingly well :beer:

I'm going to have to read the rest of it now to find out how the heck you did it.

jo1972

Me too!!

Well done!

Cazzdevil

I've just read through the thread and from the looks of it the debt has been paid off with your redundancy lumper, a cashed in investment and now your sharesave maturity, which is great don't get me wrong (I'm genuinely not being cheeky here!), but did you manage to make any big money saving changes in your day to day budget?

By that I mean did you manage to consistantly reduce your shopping bills, cancel unnecessary bills, learn to live more frugally etc?... I'm always interested to hear peoples money saving tales

Squiffy

Cazzdevil wrote: »

By that I mean did you manage to consistantly reduce your shopping bills, cancel unnecessary bills, learn to live more frugally etc?... I'm always interested to hear peoples money saving tales

Well, outside of those items that I used (or will use) to pay off big lump sums, I've repaid about £8k myself since I started the job.


I must admit I'm not quite as frugal as I was when redundancy was looming and life was uncertain, but I still do watch the pennies. Other than christmas and holidays, I live within my means each month and repay debts.

I'm also overpaying mortage, re-establishing some cash savings, etc.

So lesson learned and I have adjusted my lifestyle.

Cazzdevil

Excellent, well done you

I love a happy ending.