The Three C's - Coffee, Clothes & Credit Cards

Sarahwithlove

This weekend feels like it's flown by. It's been bit of an expensive weekend, topped the car up with petrol, did Asda shop and also got myself some new socks and slippers and a pretty tealight lamp for my living room. 

Then today it was back to emergency dentist which was another £27 and another course of antibiotics. I also got a voucher through for 20% off medexpress for my next jab. It's made it cheaper then everywhere else but had to be ordered this weekend. My plan originally had been to wait until payday but think I've managed to make it work. 

This week will be train, parking and coffee on Wednesday. Then Friday is Nails and massage. I have the money put aside for all of this. Also have enough to get a coffee on Friday as well. Will see depends what time my nails are booked in for. I then have £50 left for this week's food shop which is more than enough. Just have to be careful with personal spends is all. Roll on payday on Thursday, not planning to dip into it though until the weekend. 

Sarahwithlove

!!!!!! so I made decision to withdraw £1k from savings and pay my credit card off. I'm now credit card debt free and only have my loan from my dad to pay. 

My focus will now be on building the savings back up to £2.5k and then overpaying my mortgage. My loan to my dad will be staying as is for next 6-8 months until my mortgage renewal in June is sorted. 

Willowtree222

Congratulations 🎊 
Hopefully you feel some relief x

Sarahwithlove

Willowtree222 said:

Congratulations 🎊 
Hopefully you feel some relief x

Yes and no haha! Relief because it's gone and I can take that line out of my budget. But nervous because I don't have as big if a security blanket. But I know by the end of December pay that £1k will be back in my savings. Just trying to focus on that for now. 

Willowtree222

Once that hits the amount again, you'll be where you were. 

Blackcats

good strategy. No credit card debt is a great place to be.
when I got to that stage I needed to treat savings like I treated debt and trying to grow savings in as focussed a way as I treated debt. 

I'm not as good at saving as I am at debt reduction but my regular savings accounts keep me on track by taking away the discretionary choice to save.

Makingabobor2

Good idea I think I'm sure you will feel better and save the EF back up again in no time. 

jwil

Well done on clearing the card!

Sarahwithlove

Willowtree222 said:

Once that hits the amount again, you'll be where you were. 

Yes and I will feel better for it. 

Blackcats said:

good strategy. No credit card debt is a great place to be.
when I got to that stage I needed to treat savings like I treated debt and trying to grow savings in as focussed a way as I treated debt. 

I'm not as good at saving as I am at debt reduction but my regular savings accounts keep me on track by taking away the discretionary choice to save.

Yes I've already started planning how much I'm going to put away each month for my sinking fund. Then rest will be more discretionary as to how I split it. 

Makingabobor2 said:

Good idea I think I'm sure you will feel better and save the EF back up again in no time. 

It is a good feeling to know it's gone even if I would feel more secure with higher savings. But let's be honest anything that wipes out my savings will likely need more than the extra I had saved. 

FootyFanDan

Well done on getting the card cleared.