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Taking charge of debt
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@savingholmes I am pretty new to it to be honest. I have switched 4 times in the past 5 months but only received the money for 1 so far as some take 30 days to pay out and others due to pay out on specific date. It has involved me opening around 6 accounts, which is a lot! I'm sure you've seen the MSE article listing all the deals but there is a good £170 deal at the moment, which is one of highest I've seen!Debt free November 20221
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I can't get the £170 one sadly - but am pondering some of the others.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £2.6K Net savings after CCs 6/7/25
3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.8K updated 29/7/250 -
Beautiful sunny day today here! I am having a very welcome and very chilled bank holiday weekend. Need to sort the house out.
Hoping to have my first NSD of June today (only managed one in May..)
Debt-busting wise just waiting for my new £300 monthly payment to final CC to come out next week. Will have debt paid off in just over a year if I carry that on (before 0% runs out) but hoping to make some overpayments to bring that forward. My original aim had been by the end of 2022! At the minute restarted tilly tidying my main current account just to the nearest pound to go to my non-EF of £500.
I have made a little bit more cash selling unwanted items.. £5 here or there as don't have any big items to sell. Waiting for around £20 to hit my account from that and just redeemed my first airtime rewards £10 today. Added a page to my spreadsheet to track all this as it is good to remind myself it all adds up! I have also been better at making lunches and at most recent supermarket visit decided to buy cheaper brands from what I normally use and haven't noticed much difference at all!
Overall feeling much more positive and in control for now!
I hope everyone has a lovely few days off or if you are working not too busy!Debt free November 20222 -
Hello just thought I'd pop by and say I took your advice. Am typing this from the park (ok on a bench but there was a walk involved)2
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Sounds like you are doing well. I'm having a lovely bank holiday weekend. Hope you are too.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £2.6K Net savings after CCs 6/7/25
3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.8K updated 29/7/250 -
Thanks for stopping by! I'm glad you've taken a bit of time for yourselfWelshmansDaughter said:Hello just thought I'd pop by and say I took your advice. Am typing this from the park (ok on a bench but there was a walk involved)
Debt free November 20220 -
Quick update that I have now paid off over half of my debt! Still a long way to go but getting there slowly. Hoping for a low spend week this week as mainly just working. We will all get there eventually!Debt free November 20221
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Half way is great
I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post 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 & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.2 -
Yay! Congrats on reaching halfway2
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Congratulations 👏💐👏Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £2.6K Net savings after CCs 6/7/25
3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.8K updated 29/7/251
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