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Dilemma, Dilemma, Dilemma
Comments
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Hello Sunday evening from a very tired me!Myself and OH have had a very busy day "vaccuming the garden". It really was looking weedy, tatty and unloved so while the kids were away we worked our magic and its looking much improved. The time went incredibly quick and was a good "green gym" workout.The other big task completed today was catching up with the email address inbox I use for side hustles. The emails were mainly now expired surveys but managed to complete where I could so happy with that and going forward am having a new push on them.A bit of fun but this morning before the gardening we enjoyed Celebrity Traitors after reviews from friends..!2025 financial goals & challenges!
1). Mortgage (started Jan 2024) £104,822.45 / £122,400.00 Overpayment total: £1015.28 (Inc Sprive yr 1 o/p £19.16 & £55.34 reg monthly overpayment) Equity 27%
2). #7 Save 1p a day challenge 2025 £360/£780
3). £2,249.06/£3000 in Investment ISA (35/50 investments)
4). Increase cash savings & saving pots
5). Keep debt to a minimum.
Favourite quote: 'Life is like a box of chocolates, you never know what you're gunna get!' Forrest Gump1 -
Hello Tuesday,Yesterday was monthly finances review and overall debt reduction is down by £29.70 from the previous month, please don't berate me for the poor progress. Its honestly really a lot harder than it sounds. Interest from credit cards are biting and depressingly high. Credit card debt was the highest in August 2025 and has slowly been falling. Mortgage and small family loan is falling consistently and savings is growing too. Am now in a predicament, do I use some savings to to pay down my credit cards. My hours at work are due to go back to part time in January and tbh its scaring me and pretty depressing. One the positive though since tracking total debt inc mortgage in June I can see total debt has gone down from £126,624.51 to £124,613.29.Today is another normal working day, tonight is line dancing class No.2 and also need to do packing for tomorrows trip back to the city.Have a good day everyone.
2025 financial goals & challenges!
1). Mortgage (started Jan 2024) £104,822.45 / £122,400.00 Overpayment total: £1015.28 (Inc Sprive yr 1 o/p £19.16 & £55.34 reg monthly overpayment) Equity 27%
2). #7 Save 1p a day challenge 2025 £360/£780
3). £2,249.06/£3000 in Investment ISA (35/50 investments)
4). Increase cash savings & saving pots
5). Keep debt to a minimum.
Favourite quote: 'Life is like a box of chocolates, you never know what you're gunna get!' Forrest Gump2 -
If the interest on the cc’s is higher I would definitely consider paying some off the cc’s.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 -
I would keep back perhaps £500-1000 savings and throw everything at the CC if the interest is high.
Don't be hard on yourself though you've had a tough year and the fact the debt is going down rather than up is a win surely, no matter how small!Mortgage Overpayments 2024/25 - September-December, £152.46. J- £103.27, F- £115, M- £91.50, A- £100, M- £200, J- £200. J- £200. A-£200, S- £221.34. O-£200EF- £642.41/500
Total- £1783.67
Goal pay off 1% of current mortgage in 1 year. £1650
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