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Washing Away My Debts By 2024
Comments
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Sarahwithlove said:my mortgage ends next summer and I'm dreading what the rates will be like. Once card is paid off think i need to focus on building emergency fund as wont have as much flexibility in budget next year. I like you will probably fix, will decide on whether 2 or 5 years once know how things look next year.Debt Remaining: £8,781.53
3 Month EF: £1,000/£4,494
2025 MFW Challenge #9: £999.00/£4,0000 -
Squirrelz92 said:Sarahwithlove said:my mortgage ends next summer and I'm dreading what the rates will be like. Once card is paid off think i need to focus on building emergency fund as wont have as much flexibility in budget next year. I like you will probably fix, will decide on whether 2 or 5 years once know how things look next year.
Problem with 5 years for me is I may want to move in that time which was why I was going to look at 2. But I can decide nearer the time once we have some idea as to what the economy is doing next year.
*Dad loan - £5300 - £7200
*Virgin Credit Card - £3552.50 - £0
*Natwest - £1828.35 -£0.00
Barclaycard - £2315.25 - £0.00
Creation Finance - £960.32 £840
*Total debt - £8040/£11641.17*
Savings
*Savings Buffer - £100/£1500
*Emergency Fund - £1500/£1500
New diary- https://forums.moneysavingexpert.com/discussion/6474943/the-three-cs-coffee-clothes-credit-cards/1 -
@Sarahwithlove I'm certain that if you have a long fixed term deal you can take it with you if you want to move property. I seem to remember it's called mortgage porting or something similar. Definitely something to consider anyway.
LMD xLife gets in the way...PADding is addictive...Saving's better than spending...My savings diary - Now for a healthier, wealthier me2025 1p challenge #41 | Cash envelope challenge #01 | SPC #017Sealed pot 2025 £6573 | EF £1000/£1000 | Sabbatical £3364/£6000 | Travel savings £1508 | Sinking pots £25710 -
LittleMissDetermined said:@Sarahwithlove I'm certain that if you have a long fixed term deal you can take it with you if you want to move property. I seem to remember it's called mortgage porting or something similar. Definitely something to consider anyway.
LMD x*Dad loan - £5300 - £7200
*Virgin Credit Card - £3552.50 - £0
*Natwest - £1828.35 -£0.00
Barclaycard - £2315.25 - £0.00
Creation Finance - £960.32 £840
*Total debt - £8040/£11641.17*
Savings
*Savings Buffer - £100/£1500
*Emergency Fund - £1500/£1500
New diary- https://forums.moneysavingexpert.com/discussion/6474943/the-three-cs-coffee-clothes-credit-cards/1 -
Afternoon all,
Can't believe I broke my religious pattern of not adding a diary entry for yesterday! Luckily nothing much occurred finance wise. I made a PAD of £1.99 to CC2 and then spent the morning having a great throwing away and scrubbing session in the kitchen! Felt much better after thatWalked the dog and my partner treated us to a KFC after making a rare appearance with us at the yard to see beloved horsey. Yesterday was an NSD
Today has also been an NSD! I went to do the weekly shop at L*dl instead of Asda this week in the hope that the shelves weren't as empty as what they have previously been the last month or so. Thankfully managed to get everything for my meal plans for £38.66 so very happy with that. Back to the neigh neigh this evening for a big walk with her and a friend with her horse round the block which is about 45 minutes long. Luckily I enjoy walks out with her as it gets me moving more and I get near to 10,000 steps a day which is great considering I am sat on my butt 5 days a week at the office.
Studying is starting to take a backseat which is really annoying as I was all hyped up for it and now its become a bit of a lull. Need to snap the heck out of it as my exam is already booked so the deadline is coming in thick and fast! Still on track to overpay my estimated amount as mentioned a few posts above come Thursday evening but anything can happen can't it? We all know this too well!Debt Remaining: £8,781.53
3 Month EF: £1,000/£4,494
2025 MFW Challenge #9: £999.00/£4,0003 -
Great budgeting on the weekly shop! Well doneLife gets in the way...PADding is addictive...Saving's better than spending...My savings diary - Now for a healthier, wealthier me2025 1p challenge #41 | Cash envelope challenge #01 | SPC #017Sealed pot 2025 £6573 | EF £1000/£1000 | Sabbatical £3364/£6000 | Travel savings £1508 | Sinking pots £25711
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I agree, that is very good budgeting on the weekly shop. I ran out of inspiration to meal plan, but as next week is going to be expensive when I go away, I need to get in some NSD this week and meal plan.Debt Free Diary:- The Mental Debt Struggle
(Original Debt on 15/07/2016 was £33,056.76) 🙈 but Debt Free on 09/02/2025 🎉
2025 SAVINGS: Emergency Fund (£604.30/£5,000) 12.09% saved
2025 CHALLENGES: #16 Sealed Pot Challenge ~ 18 || #9 50 Envelope Challenge 22/501 -
Afternoon!
Made a PAD of £2 this morning the round up my current account balance to £280. My child benefit came in this morning bringing me up to this total. Either today or tomorrow as planned I will spend £50 on diesel but both days will be another 2 NSD's as I don't count this essential spend
Payday is in four days! Oh my god I cannot wait for this one. It's been sooooooo long!
Both lots of birthday presents for DS and DD arrived on Saturday. They had £50 each from my free £100 Amazon gift voucher. My son desperately wanted a trick scooter so I bought that. My daughter loves her writing/colouring so she has an idea that I am buying her stationary but she doesn't know what exactly. Got her some good quality pens and accessories so £50 used there too. Both shall be happy! Have £100 in my birthday pot to fund their visit to a local trampoline park as a treat with a friend instead of these massive parties costings hundreds! I will also have additional funds added from my current account to this pot before both birthdays to fund their cake/balloons/cards etc
Shall continue to save in birthday pot for partners 30th present. He has always wanted to go bungee jumping or skydiving so looking into prices for these at the moment. From the looks of it I will only be able to afford one but hopefully he wont mind that plus a meal outDebt Remaining: £8,781.53
3 Month EF: £1,000/£4,494
2025 MFW Challenge #9: £999.00/£4,0003 -
Might be worth checking red letter days or groupon for the experience days?Life gets in the way...PADding is addictive...Saving's better than spending...My savings diary - Now for a healthier, wealthier me2025 1p challenge #41 | Cash envelope challenge #01 | SPC #017Sealed pot 2025 £6573 | EF £1000/£1000 | Sabbatical £3364/£6000 | Travel savings £1508 | Sinking pots £25711
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buyagift also has good deals for experiences and with a choice of locations and some of them are not too bad in price. You can get good deals with them for meals for 2 as well.
Sounds like you've done a great job with the birthday presents and your birthday fund sounds like it's going really well. I've only got £5 in my birthday pot and it's my son's 16th in October.
Debt Free Diary:- The Mental Debt Struggle
(Original Debt on 15/07/2016 was £33,056.76) 🙈 but Debt Free on 09/02/2025 🎉
2025 SAVINGS: Emergency Fund (£604.30/£5,000) 12.09% saved
2025 CHALLENGES: #16 Sealed Pot Challenge ~ 18 || #9 50 Envelope Challenge 22/501
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