Taming £12k

FrugalAspirations

Once agin not much to report this week other than I’ve today changed the amount I pay on CC2 and CC5 through their apps. CC4 is annoying as I can’t do it through the app and rn I’m taking a brief break from housework and can’t be doing with going upstairs to the laptop to sort it through online banking. So I’ll do that at some point later this week.

FrugalAspirations

An early update! The transfer from CC2 to CC5 didn't get applied as I expected: I had £735 on 0% deal that will run out in a couple of months. I expected the £735 I transferred to CC5 to be applied to that £735 part of the balance as the remainder was on a longer term that doesn't expire until next year. However, it was applied the other way round [insert rolling eyes emoji here].

So I've transferred the rest of the balance from CC2 to CC5 – I had the headroom – and will deal with it as a block closing CC2 once it's processed. 

I've also just switched my energy tariff from £220 pcm to £160.69 pcm. So that gives me another £60 to play with.

FrugalAspirations

I realised this morning that it's just over 6 months since I started this diary. While it is halfway through the calendar year, I'm very much not halfway through my debt free journey. This didn't stop me from getting a bit reflective, though.

The £2,335 that I've already cleared in that time is such a huge chunk of what I owed at the beginning of the year – over a quarter of my original total. By the end of the year, I should be at a total of £9,179.87, which I feel will be psychologically important being less than £10k.

However... the amount I will have paid off is less than 30% of the original total by about £310. I can't help but feel a stretch goal is in order if I can scrape together that additional cash. An extra £60 per month isn't nothing, although it is the amount that I'm saving on my energy costs so maybe the answer is lying there right in front of me.

Sarahwithlove

Doing great, well done on the promotion it will definitely help. Does the new role have overtime as well? 

FrugalAspirations

Thanks! It does if I want it and I've already agreed to pick up some in a couple of months