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24 months to debt freedom

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  • enthusiasticsaver
    enthusiasticsaver Posts: 15,778 Ambassador
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    warby68 said:
    I couldn't cope with 47 pots and do the more general everyday bills account, annual and irregular bills account, personal accounts plus savings.

    I think the first step in splitting money is identifying 3 things - your regular (ie weekly/monthly) bills, your less regular and less predictable ones and make sure these 2 are well and truly covered and set aside before the 3rd which is discretionary spends. If all your money in one place its so easy to 'feel' rich when you aren't and its just a timing issue.

    You'll find your own happy medium on pots with time.
    That sounds similar to our system.  Whatever works is the main thing. 
    I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
  • CL21
    CL21 Posts: 253 Forumite
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    Exciting times at Pots Towers tonight. I……..dyed my eyebrows (I know, thrilling stuff). 

    Now, this may not be revolutionary to you lovely frugal people but I’ve had my eyebrows dyed by professionals a number of times, believing this to be the only way. I then discovered Dybrow during lockdown (an entire packet costs the same as one trip to the salon) and have never looked back - it’s the easiest thing in the world! All looks a bit Groucho Marx as the dye develops but it comes good when you wipe the excess off. 

    I don’t visit salons very often as I’m extremely lazy with things like that - I also think the cost is extortionate - but my eyebrows are almost non existent without dying them. Haven’t been brave enough to do the lashes yet though although I do have a kit in the overflowing drawer of ‘things I have bought but never used’. 

    Any other frugal beauty hacks are gratefully received! 
    Credit Card 1 - £6249.99 £4,900
    Credit Card 2 - £13,481.47 £12,985

    Total debt - £19,731.46 £17,885

    Emergency fund £930
  • LittleMissDetermined
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    A fellow home eye-brow dyer here CL21... I also discovered this in lockdown and and have been saving the money on salons since.  I've never attempted my eyelashes at home, but only tend to have those done just before holiday, I rely on mascara the rest of the time. 

    Well done on the saving, I'm sure you'll never look back!
    LMD x
    Life gets in the way...PADding is addictive...Saving's better than spending...
    2024 1p challenge #11 | Cash envelope challenge #01 | SPC #017
    Sealed pot 2024 £3975 | EF £1000/£1000 | Sabbatical £1390/£3000 | Holiday spends £1520 | General Saver £750
  • CL21
    CL21 Posts: 253 Forumite
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    Don’t think I’ll ever get my brows done again professionally. Need to work up to the lashes - I’m scared of poking myself in the eye 🤣
    Credit Card 1 - £6249.99 £4,900
    Credit Card 2 - £13,481.47 £12,985

    Total debt - £19,731.46 £17,885

    Emergency fund £930
  • LittleMissDetermined
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    CL21 said:
    Don’t think I’ll ever get my brows done again professionally. Need to work up to the lashes - I’m scared of poking myself in the eye 🤣
    That's why I don't do my lashes :D I'm too clumsy... plus I wear glasses so once they're off it's anyone's guess what I'm doing with the dye! 
    Life gets in the way...PADding is addictive...Saving's better than spending...
    2024 1p challenge #11 | Cash envelope challenge #01 | SPC #017
    Sealed pot 2024 £3975 | EF £1000/£1000 | Sabbatical £1390/£3000 | Holiday spends £1520 | General Saver £750
  • CL21
    CL21 Posts: 253 Forumite
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    Exactly the same @LittleMissDetermined - I’m absolutely blind without my contact lenses so the chances of doing myself a
    mischief are pretty high! 
    Credit Card 1 - £6249.99 £4,900
    Credit Card 2 - £13,481.47 £12,985

    Total debt - £19,731.46 £17,885

    Emergency fund £930
  • CL21
    CL21 Posts: 253 Forumite
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    Well I was hoping today would be a no spend day but had to pick DD up from school as she’s ill again! Came through Covid completely unscathed and now struck down with tonsillitis so had to get some paracetamol for her from boots. Hopefully she’ll recover quickly, feel like she’s missed so much school recently 
    Credit Card 1 - £6249.99 £4,900
    Credit Card 2 - £13,481.47 £12,985

    Total debt - £19,731.46 £17,885

    Emergency fund £930
  • EssexHebridean
    EssexHebridean Posts: 21,717 Forumite
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    Oh bless her - I used to get tonsillitis with monotonous regularity so she has my sympathy. Hope she feels better soon! 
    🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
    Balance as at 01/09/23 = £115,000.00
    Balance as at 31/12/23 = £112,000.00
    SOA CALCULATOR (for DFW newbies): SOA Calculator
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  • anjyeah
    anjyeah Posts: 240 Forumite
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    Your title caught my attention. Monzo Pots saved me this year - having a round up, and travel fund (refunds from cancelled holiday) hidden somewhere in my account. I guess the most important part of it is to ensure that each pot has a purpose which you've already done a good job on. 

    Just popping by to say hello and good luck! You can do this. :smiley:

    My Debt Free Diary: Virgo In Pursuit
    Debt-Busting Progress: 2020: £13,200 | 2020: £9,200 | 2021: £4,900 
    2022: ongoing 

  • CL21
    CL21 Posts: 253 Forumite
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    Oh bless her - I used to get tonsillitis with monotonous regularity so she has my sympathy. Hope she feels better soon! 
    Thanks! I’m sure she’ll be bouncing round again soon. This is the second time in only a couple of months so looks like she’ll be the same unfortunately. Both my mum and I are prone to it as well so she had no chance 
    Credit Card 1 - £6249.99 £4,900
    Credit Card 2 - £13,481.47 £12,985

    Total debt - £19,731.46 £17,885

    Emergency fund £930
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