The Secret DFW Diary of Eamd Aged 13¾

The_Dragon

Crap_with_money.com wrote: »

I do wish sometime that I hadn't done it as I'd have been able to make some over payments along the way. But it does give you a lot of peace of mind to know exactly what your debt is and when it'll be re-paid - as well as only having to budget for a set amount every month!

The only thing I'd say is be careful with the credit cards - I did have a wee slip after I consolidated and managed to accumulate myself another £1.5k debt - maybe you'll have more self control than me - but in the end, I've reduced my CC limit to £500 and the same with my OD - both are clear at the mo, but I figure that the £1k between them is enough to cover emergencies, without giving me enough credit available to get into trouble again!

I think EAMD and CWM.com the thing to do is clear as much as possible and instead of overpayments set up a Cash ISA or some such and put ANY spare cash into that - I know with a loan you can pay off the balance and it could be a good thing to think about saving towards that and then if you keep saving then that is your house deposit sorted and holidays and :T:T:T

Crap_with_money.com

The_Dragon wrote: »

I think EAMD and CWM.com the thing to do is clear as much as possible and instead of overpayments set up a Cash ISA or some such and put ANY spare cash into that - I know with a loan you can pay off the balance and it could be a good thing to think about saving towards that and then if you keep saving then that is your house deposit sorted and holidays and :T:T:T

Thanks Dragon, that's a good suggestion! Since I've never had any savings before, it's not something I know anything about! But since I'm hoping to go back to uni, and have a family wedding in Mexico to pay for - savings is something I really need to learn a little more about!

xx

embarrassed_about_my_debt

I would save to pay loan off but getting a house is more important to me at the minute but once i have that i'll be saving to clear the loan asap!

Thanks dragon!

bumblebee87_2

phew... ive just read your whole diary, it took aaaaaaages, but its a good read. well done on how far you've come, its been one hell of a journey so far!!!

I'm definately going to have to get adding up (dreading it) and start my own diary

embarrassed_about_my_debt

Hi BB87 many thanks, Go for it once you've started you'll then be in a better position to deal with it and set out your plan! and a diary will help you stick to it. Good luck with your journey!

embarrassed_about_my_debt

Morning all (just)

Had a slow puncture and when went to get it checked it was illegal tread and although i didnt want to spend anymore money on the car i didnt fancy getting stopped and given points etc. As it was my usual garage had a decent tyre in the right size and as it was a part worn they only took £25! Result, it still has at least 5 mil of tread on it so will help when the guy checks over my car at the weekend!

I have also been and transfered my number plate off (£105), supposedly they aim to have it back to you within 7 working days but i had a friend who did his the other day and got it in 3 so keeping my fingers crossed.

Loan is getting dropped off tonight and will go pay it in tomorrow!

Busy times this week! Time for a :coffee: time

embarrassed_about_my_debt

Morning all,

Well i have got my loan cheque. Going to pay it in later today. Then once it clears start paying things off.

Going to look at a new car tommorow so should hopefully be a good one! Then it is just a matter of waiting for the cheque to clear and my plate to come back and its full steam ahead!

The_Dragon

Best of luck then EAMD - have a :coffee: and enjoy the day :beer:

embarrassed_about_my_debt

Morning all,

Well went and saw car at the weekend and it wasnt too bad but wasnt willing to give him what he was asking for it and he wouldnt give me aenough for mine.

Im still watching it to see when it finishes. Might get it for cheaper! :rotfl:

Not alot else to report. Still waiting for my plate to come back and got told by my mate that my rear wheel bearing is going in my current one :eek: just what i dont need.

Im also in the process of trying to help one of my friends who i know isnt good with money. Trying to get him to do the soa and then get him to join up on here.

Time for a :coffee:

ragstoricheswannabe

hiya eamd, keep popping into your diary to catch up on how you are doing, still going well i see?!!
one idea for the credit card you are keeping.... put it into an empty marg tub (wrapped up in a sandwich bag and sealed) fill tub with water and freeze!! thats what i have done so that any emergancies that crop up with either the house or car then i can defrost and use it, keeps me from using it for the impulse buys that previusly filled it up.

good luck on saving for a house,
rags to riches wannabe
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