My DFW to DF Diary

Squirrelz92

Good luck on your journey!

Are the above figures the minimum payments required each month? Have you decided to pay them off in that order based on when the 0% interest runs out? Are you planning on overpaying or snowballing? x

_Dolly_Rocker_

Squirrelz92 said:

Good luck on your journey!

Are the above figures the minimum payments required each month? Have you decided to pay them off in that order based on when the 0% interest runs out? Are you planning on overpaying or snowballing? x

So this is the total amounts divided by the months left on 0%. 

If I do end up with more money then I can pay extra to try and get them paid off sooner. 

_Dolly_Rocker_

Made a payment to my Tesco CC this morning so all planned October payments towards the debt are made. 

Anything else that comes in now can get paid as extra payments to help me get these paid off quicker!

_Dolly_Rocker_

2023 - 2025 Plans
2023 - Pay off as much debt as possible.
2024 - Become debt free!
2025 - New bathroom.

_Dolly_Rocker_

2023 Plans
By the end of 2023 I want to have the debt down to £7,000.00. 

My wee payment plan that I have will get me close to that but I'll need to make extra payments to hit this goal. 

_Dolly_Rocker_

So I've got spare bank accounts cos I like to have different pots for different things. 

I've set up on for DP (Debt repayments) and DOP (Debt overpayments) which I am going to top up when I can through the month then when they payments are due I can make them. 

Don't know why but this works for me!

joedenise

I can see why that would work for you.  I have masses of different pots (at the last count over 40!) but I keep track of them all using the old Classic YNAB which I bought way back in I think 2014 but which is no longer supported by the original people.  I've tried their updated online version for a free trial but really didn't like it.  When it goes kaput I'll just be tracking on a spreadsheet.

I think we all have to find our own way of keeping track of our budgets.

Squirrelz92

Ooooh yes I do love having lots of pots on St@rling. It has been a true god send to allow me to separate all of my bill money into their own little pots, then a food shopping pot and a diesel pot. Anything left in my main account is for me to spend but I spend wisely... the day before I get paid I empty my bank account and put it entirely against debt. 

joedenise

Is there a limit to the number of pots you can have on Starling as it might be an option for me if my YNAB stops working?  Suppose I could consolidate a few pots to reduce the number if that's necessary.  Perhaps I'll have to have a look at it!

Squirrelz92

joedenise said:

Is there a limit to the number of pots you can have on Starling as it might be an option for me if my YNAB stops working?  Suppose I could consolidate a few pots to reduce the number if that's necessary.  Perhaps I'll have to have a look at it!

I have yet to hit a limit on pots Definitely recommend!