Dreaming of being Debt Free

Debt_Smashing

Still kinda the case. Doesn't want to talk about the debt. Or accelerate getting rid of it. Happy to just pay the instalments. Or show me her accounts.

Yes they are still working at them. 
And yes they still give me a rounded down amount for it. Which is annoying, for some reason.

I mean we are making progress. But in the time since starting post, this I've payed off one of her credit cards, my own cc, my overdraft - and importantly not gone into it again, my student loan, tax credits - which wasn't payed to me either, and have a good progress to having a 3 month emergency fund. All while paying all the rent, utilities, internet, car, etc. she does pay the council tax and half the household shopping but that's it for bills. 

It's just frustrating more than anything.

Debt_Smashing

Got paid today. Had about £4 left. So another month complete without going into overdraft.

Not sure if I said. Inset up a Monzo account, just for savings. Didn't like having so much cash in house, so I'm downgrading how much I have, and putting savings into that instead. So got 1000 at home now, and 1600 in the saving pot. 

Gas and electric are going up this month by £30 a month, also got an email about my phone , battery is cooked so need to find out more about that.

Debt_Smashing

Another month complete. 
Have £200 left somehow. Might move half to the savings pot. I added another 150 half way through the month. 
Schools back next week so hopefully we have everything we need!

Debt_Smashing

Go got payed, better thank expected as had 3 days off holiday. But an average one at that.
250 into savings, plus another £500 form cash.
Total is 2500 in savings account now, and 500 cash.
Still putting things off at home. But feel too focused on building this emergency savings, maybe that's a problem in its self.

Debt_Smashing

Savings up to to £3100 now in bank.
£500 in cash.

Debt_Smashing

SOA - back in August 23 - hopefully was accurate.

Income - approx 1850

I work hourly so pay fluctuates.

Outgoings

20 car tax

16 universal credit

55 car insurance

35 internet

16 union

100 CC

190 gas/electricity

60 water

240 loan - this is the stupid thing I did. But was left with little choice.

16 home insurance

21 mobile phone

450 rent

120 diesel

Plus these that are not essential 

7 PS online - for my son 

140 tobacco

I also put

200 emergency fund.

100 shopping on payday.

All together it is around 

£1800

Debt

500 overdraft (at 0% up to £500)
800 UC - approx

1690 Cc (at 0% till Feb 2025)

10600 loan ( at 2.7%) 

??? Student loan - approx 3500 guesstimate 

Savings

500 in emergency fund


~~~~~~~~~~~~~~~~~~~~~~~~~~~


S.O.A October 25

Outgoings

23.18    car tax

0.           universal credit

68.66    car insurance

40.16.   internet

18.16    union

0            CC

178.24  gas/electricity

107.07  water

241.16  loan

22.10    home insurance

23.62    mobile phone

500.       rent

120.      diesel

40          vapes

23.        New Bed
65.        Holiday 

All together

£1470.37

Debt

0          overdraft
0          UC
0          CC
4582   Loan (@ 2.7% ,opened April 22, 5 year term)
0          Student loan


Savings 

3100   Emergency 
500.    Cash 

Debt_Smashing

Bumped emergency savings up to 3800 on pay day.
Car having to go to garage next week.
So close to having a 3 month emergency fund done.

Scott_Weiland79

okay i can make a minor suggestion re diesel do you know what on average you pay per litre?

and what type of vape do you use?

On lil thing i would consider is use your EF to pay maybe you car tax in full for the year, the 20 quid extra pm you click save say abit of it the rest get some of it off debt

Debt_Smashing

It's about 20p a mile? Or 135 a litre and diesel.
Vapes is a pod one. Costing approx £10 a week.

Regards to the car, the clutch is going. Quoted 980 to fix all in. Costing more than car is worth. Also there some other minor issues with the car so it's not worth it, even the garage suggested they hope I don't come back with it to get repaired.

Debt_Smashing

So currently looking for a new car. 
When I say new. I mean used.
And I really don't want to wipe out the emergency savings. Especially as I was so close to having 3 months saved up.