My Debt Free Journey

abaka

Sorry I have enough in my bank to cover my minimum payments to the two cards and then enough to make my lump sum payment to MBNA.  I realise I made it sound like I didn’t have enough to cover those payments!

I still have thimfs to sell, but that will be next month as right now, I have sellers fatigue after selling so much….I wish I had have had buyers fatigue previously!!

What is great is that I’m 2 weeks away from payday and I still have money in my account and a plan/oversight to ensure I don’t go into my overdraft!!

savingholmes

Sounding good 

Keedie

You're doing so well, and I think although you miscalculated the paypal, the fact that you've managed to make the payment at all is a good sign. And a Greggs bacon roll is a good way to start your morning  . I'm glad that you will still have the funds to meet your payments even with the 'accounting error' and you've done exceptionally well with MBNA. It's so impressive.

LittleMissDetermined

This is where I rely on my spreadsheet and add every purchase into the ‘due out’ column. It’s the only way I can stay on top of it as some payments don’t get processed immediately.

I check my bank first thing each day, and update my spreadsheet to reflect any changes. It’s become a morning ritual while I have my first brew.

LMD x

sunshine_raincloud

You've still made fantastic progress! My first month I ended up back in my overdraft briefly after a miscalculation, think it is normal! Now I do the same as LMD with a spreadsheet with all my bills/regular outgoings for each month. I check online banking every morning and I tick each bill off as it comes out and calculate how much is still left to come out over the rest of the month so I know I definitely have enough in there. Once you get into the habit it takes 2 minutes to do and saves the anxious feeling of not being in control of things, which used to be the norm for me! 

LittleMissDetermined

Happy to share a blank copy of my spreadsheet if you want to PM me your email address? Although if you work in finance you may find mine a bit basic

abaka

I will ask for a copy of your ssheet...I think just looking and checking my balance each day is going to help me with avoiding my overdraft and budgeting properly....As I said before, I've never actually checked my balance or even give a second though to overdraft previously.

I literally toyed around with some financial modelling today.... My first expiring 0% ofer is the virgin with 3k on it (I'm pre approved for a 9 month fluid card and 90% approved for HSBC) so shouldn't have a problem transferring that to another card....My big worry is that once I start hitting interest rates...my repayments will cripple me.  I also hope by then I will have received my inheritance that is due but my plan is to keep that set aside and only use it to repay debts that can't be transferred to 0% interest rates and I'm optimistic that with the work I'm doing now means that won't be an issue and I'll have a decent pot of savings behind me once I am debt free.

I was hoping for a NSD day today but realised it's Fathers Day on Sunday so will be going online tonight for that.  I need to buy present from my bank for my dad but luckily the gift for my father from my daughter will come from the joint account!

D1rtyD38t

abaka said:

I will ask for a copy of your ssheet...I think just looking and checking my balance each day is going to help me with avoiding my overdraft and budgeting properly....As I said before, I've never actually checked my balance or even give a second though to overdraft previously.

I literally toyed around with some financial modelling today.... My first expiring 0% ofer is the virgin with 3k on it (I'm pre approved for a 9 month fluid card and 90% approved for HSBC) so shouldn't have a problem transferring that to another card....My big worry is that once I start hitting interest rates...my repayments will cripple me.  I also hope by then I will have received my inheritance that is due but my plan is to keep that set aside and only use it to repay debts that can't be transferred to 0% interest rates and I'm optimistic that with the work I'm doing now means that won't be an issue and I'll have a decent pot of savings behind me once I am debt free.

I was hoping for a NSD day today but realised it's Fathers Day on Sunday so will be going online tonight for that.  I need to buy present from my bank for my dad but luckily the gift for my father from my daughter will come from the joint account!

My 0% have ended and I’m just paying off interest at the moment as all I can afford is the minimum payments. I don’t have any cards I can move between either. I also can’t get another card from anyone. Your doing really well though!

abaka

Thanks!! Hopefully that will change for you. I do admit, I’m worried that if I can’t get 0% transfer rates it will put me in a much more difficult position.  But all I can do is keep working away whilst it is 0% in the hope I can get those offers when the time comes.

Another win for me.  I had a complaint today with one Halifax regarding a mistake they made…normally I wouldn’t phone up on these but my outlook has changed now…anyway, I got £40 compensation. It really wasn’t a great issue but the fact I had to phone up twice to do something must make companies panic about complaints.

So £40 has been paid off my Halifax card!  

I’m now hoping someone else gives me reason to complain!

LittleMissDetermined

Haha you'll be turning into a serial complainer!