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Goals and budgeting - my diary
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Ah I see, paying off Lloyds is coming from - going interest free on the mortgage from June, which saves £584 for June and July, plus no holidays.As of Oct 28th 2024:
Barclay credit card £4,000
Lloyds credit card £637
Emergency Fund £1,0000 -
Have you checked your terms on your mortgage to see.if you could take a payment holiday? Its another option to going interest free.Debt free 2024 (excluding mortgage)
Mortgage free....work in progress £83466.46
Emergency fund £1000...work in progress £1200 -
I did it under the mortgage charter scheme. It's temporary for 6 months then reverts back. Doesn't show on credit searches and doesn't involve changing the mortgage.As of Oct 28th 2024:
Barclay credit card £4,000
Lloyds credit card £637
Emergency Fund £1,0000 -
I meant to say interest only, not interest free.As of Oct 28th 2024:
Barclay credit card £4,000
Lloyds credit card £637
Emergency Fund £1,0000 -
Oh yes i know what you mean. However i mean once thats up some mortgages have the options for payment holidays, basically pausing your payments for 2 months. It extends your term but gives you the chance to pay off higher interest elsewhereDebt free 2024 (excluding mortgage)
Mortgage free....work in progress £83466.46
Emergency fund £1000...work in progress £1200 -
Ah I see...no they don't offer that (barclays woolwich).As of Oct 28th 2024:
Barclay credit card £4,000
Lloyds credit card £637
Emergency Fund £1,0000 -
When does the Lloyds 0% finish? If it is at 0% why are you reducing your mortgage payment to prioritise the credit card unless the 0% finishes soon?I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts 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 and not the official line of MoneySavingExpert.
The 365 Day 1p Challenge 2025 #1 £667.95/£301.35
Save £12k in 2025 #1 £12000/£80000 -
I did the mortgage charter because my mortgage rate is going from 2.09% to 4.83% in November (or maybe just less than that depending on interest rates).I think I need the mental weight of the debt goneToday was a good day.I decided to upload the rest of items to sell onto Vinted and Ebay and Facebook. I've got an outstanding £100 of items on Vinted, £80 on Ebay and £70 on Facebook that I think will all sell. It's not quite the £600 I was hoping to make from selling this year, but I think it will be around £350 which I'm tempted to put into my LISA.Whilst uploading I made 4 sales = £63.I also switched my Natwest account to Nationwide for the £200 switch bonus.Did a Tesco grocery shop using the refund from Amazon, so only spent £6 on the weekly shop.
I need to log into the Lloyds banking app. I think it's until Feb 2025.As of Oct 28th 2024:
Barclay credit card £4,000
Lloyds credit card £637
Emergency Fund £1,0002 -
Woken up to an £8 sale. Off to collect Tesco. Then to package up the sold items and take then to the Evri drop off.As of Oct 28th 2024:
Barclay credit card £4,000
Lloyds credit card £637
Emergency Fund £1,0001 -
Ah...so Lloyds is 27 months...that is quite a long time!As of Oct 28th 2024:
Barclay credit card £4,000
Lloyds credit card £637
Emergency Fund £1,0000
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