Hopefully debt free before Mortgage renewal in June 2026

vampirotoothus

Very well done on what you have achieved. And congratulations on your savings, because you said early on that you can't save. Turns out you can! Keep going and thanks for the motivational posts, which I really enjoy seeing. V x

Tezzadp

No money spent today

Direct debits 

Standing order for £40.00 for my weekly payment into my emergency/savings account. Total paid in this month is £40.00 Balance now stands at £778.02

Debt payments 

Natwest CC Weekly payment £31.00 (I pay an additional £1 every week until the debt is paid in full) Total weekly payments made this month £31.00

Natwest CC Daily payment £3.44 Total daily payments made this month £3.44

Total of all Natwest CC payments, including weekly and monthly payments made this month £34.44 leaving a balance of £2203.46

*This month refers to 29th August to 29th September (the day before pay day)

Tezzadp

Cara_ said:

Another one waiting for your end of month upate and again you've done really well with reducing the debt and increasing your savings. I have no doubt you will meet September's target of getting your debt below £1,800.

The no spend day total is impressive.

Good luck for the MOT as it can be a worry but you do have some savings if any issues are found which will be a great help and won't stop your debt reduction progress.

Thank you, im getting there, slowly but surely. Hopefully i can make the £1800 target this month.

I also hope my cars MOT isnt too costly, it is always a stressful time for me. 

Tezzadp

Ordinary_Yet_Unique said:

Very good progress being made! Well done you!

Thank you very much 

Tezzadp

vampirotoothus said:

Very well done on what you have achieved. And congratulations on your savings, because you said early on that you can't save. Turns out you can! Keep going and thanks for the motivational posts, which I really enjoy seeing. V x

Thank you. I don't really see it as saving right now as i know it is needed for bills and expenses in the near future so i just see it as putting money aside to pay my bills, which i can do. Its when i have any spare money after my bills are paid that i tend to waste, but all my spare money at the moment is going towards my debt or future bills/expenses that my "savings" are going to be used for. The difficult part for me will come when i have paid my debts and have more spare cash than i currently do. I will have to come up with a plan to help myself with it nearer the time. 

Thank you, im glad you like my motivational pics, i still have plenty saved and ready to post every day, so they will keep coming 

Spendless

You're self aware that will help with when youre on the other side of your debt. Also you can get savings accounts and label the pots so I reckon if you opened one and then had pots that were labelled (for example) 'emergency fund' 'car repairs' 'treat money' etc then youd think of the savings as being for a purpose rather than its all there to blow. 

daisy_1571

Tezzadp said:

vampirotoothus said:

Very well done on what you have achieved. And congratulations on your savings, because you said early on that you can't save. Turns out you can! Keep going and thanks for the motivational posts, which I really enjoy seeing. V x

Thank you. I don't really see it as saving right now as i know it is needed for bills and expenses in the near future so i just see it as putting money aside to pay my bills, which i can do. Its when i have any spare money after my bills are paid that i tend to waste, but all my spare money at the moment is going towards my debt or future bills/expenses that my "savings" are going to be used for. The difficult part for me will come when i have paid my debts and have more spare cash than i currently do. I will have to come up with a plan to help myself with it nearer the time. 

Thank you, im glad you like my motivational pics, i still have plenty saved and ready to post every day, so they will keep coming 

Tezzadp said:

vampirotoothus said:

Very well done on what you have achieved. And congratulations on your savings, because you said early on that you can't save. Turns out you can! Keep going and thanks for the motivational posts, which I really enjoy seeing. V x

Thank you. I don't really see it as saving right now as i know it is needed for bills and expenses in the near future so i just see it as putting money aside to pay my bills, which i can do. Its when i have any spare money after my bills are paid that i tend to waste, but all my spare money at the moment is going towards my debt or future bills/expenses that my "savings" are going to be used for. The difficult part for me will come when i have paid my debts and have more spare cash than i currently do. I will have to come up with a plan to help myself with it nearer the time. 

Thank you, im glad you like my motivational pics, i still have plenty saved and ready to post every day, so they will keep coming 

I think you have already come up with your plan.  It won't be 'spare money' as it will all have a purpose.   Some will continue to be saved - if you list all your yearly bills and expenses (vet bills, car maintenance mot tax and insurance, house maintenance and insurance, tv licence, funds for xmas birthdays and other misc presents,  dentist and optician, clothes and footwear, replacement of white goods and electronic devices, holidays day trips and general fun, etc) divide by 12 and you need to be putting that aside every month so its ready for the actual bill or the time to time cost.  Some of these are unknown when you will need the money but its definite you will need the money at some point so all of it falls into your 'putting aside to pay bills' heading.

With anything left over after the above you have another couple of categories you've talked about.  New carpets and decorating of your house.  Thats quite important as a pleasant living environment is important to creating better sleeping, better mental health, likelihood of more social interaction as your daughter will find it a more pleasant place to be and maybe you will invite friends in for a coffee or a sit in the garden occasionally.   

You also talked about wanting to go on holiday.   Well that costs.  Possible kennels for lovely doggie, travel costs, accommodation,  possibly insurance,  possibly hire car at your destination,  food, trips, entrance fees etc etc.  So putting money aside with the intention of spending it on holidays will take another chunk. 

Another category that serves us well is pocket money.   Just a small amount that we can each spend on whatever we fancy, magazine, hobby stuff, presents for each other (you don't have requirement at the moment for that level of nice secrecy from a partner but who knows what the future holds).  After so long being very careful with your cash it will be nice to have 20quid a month completely guilt free if you want a chocolate bar or a dvd from a charity shop.

I think after you've allocated money to each of these categories plus others that will be obvious to you in your lifestyle, you will find you don't have 'spare' cash at all 😆 

All these things mean if something breaks down like your fridge or freezer, no panic, it comes out your house maintenance or white goods category and you buy it immediately.   No need for it to come out your emergency fund cos thats not really an emergency,  its obvious these things will break every so often.  Having the funds means no loan, no credit card (other than for gaining points or loyalty vouchers), no buy now pay later etc.  It puts you in control and in a better position to help your future money.   No paying up insurance, pay annually and get the better deal.

I also love your quotes so do keep putting them on if it suits you.  And maybe print a few out that will serve you beyond your debt repayment.   Your money doesn't jump out on its own from your bank account or wallet,  you will need strategies to combat any natural tendency to think the above won't work for you, cos we've seen you certainly can do it if you have a plan. 

Fabulous stuff tezza

Dxxx

Tezzadp

Spendless said:

You're self aware that will help with when youre on the other side of your debt. Also you can get savings accounts and label the pots so I reckon if you opened one and then had pots that were labelled (for example) 'emergency fund' 'car repairs' 'treat money' etc then youd think of the savings as being for a purpose rather than its all there to blow. 

Yes i think now i am doing ok with the way i have been paying off my debts so far, i think i could adapt my strategy so what and perhaps have aims and uses for my money in the future that gives it a meaning that will encourage me not to spend it .... hopefully anyway. Let's get to the first target first and become debt free 

Thanks

Tezzadp

No money spent today
No direct debits today

Debt payments 

Natwest CC Daily payment £3.45 Total daily payments made this month £6.89

Total of all Natwest CC payments, including weekly and monthly payments made this month £37.89 leaving a balance of £2200.01

*This month refers to 29th August to 29th September (the day before pay day)

Tezzadp

daisy_1571 said:

Tezzadp said:

vampirotoothus said:

Very well done on what you have achieved. And congratulations on your savings, because you said early on that you can't save. Turns out you can! Keep going and thanks for the motivational posts, which I really enjoy seeing. V x

Thank you. I don't really see it as saving right now as i know it is needed for bills and expenses in the near future so i just see it as putting money aside to pay my bills, which i can do. Its when i have any spare money after my bills are paid that i tend to waste, but all my spare money at the moment is going towards my debt or future bills/expenses that my "savings" are going to be used for. The difficult part for me will come when i have paid my debts and have more spare cash than i currently do. I will have to come up with a plan to help myself with it nearer the time. 

Thank you, im glad you like my motivational pics, i still have plenty saved and ready to post every day, so they will keep coming 

I think you have already come up with your plan.  It won't be 'spare money' as it will all have a purpose.   Some will continue to be saved - if you list all your yearly bills and expenses (vet bills, car maintenance mot tax and insurance, house maintenance and insurance, tv licence, funds for xmas birthdays and other misc presents,  dentist and optician, clothes and footwear, replacement of white goods and electronic devices, holidays day trips and general fun, etc) divide by 12 and you need to be putting that aside every month so its ready for the actual bill or the time to time cost.  Some of these are unknown when you will need the money but its definite you will need the money at some point so all of it falls into your 'putting aside to pay bills' heading.

With anything left over after the above you have another couple of categories you've talked about.  New carpets and decorating of your house.  Thats quite important as a pleasant living environment is important to creating better sleeping, better mental health, likelihood of more social interaction as your daughter will find it a more pleasant place to be and maybe you will invite friends in for a coffee or a sit in the garden occasionally.   

You also talked about wanting to go on holiday.   Well that costs.  Possible kennels for lovely doggie, travel costs, accommodation,  possibly insurance,  possibly hire car at your destination,  food, trips, entrance fees etc etc.  So putting money aside with the intention of spending it on holidays will take another chunk. 

Another category that serves us well is pocket money.   Just a small amount that we can each spend on whatever we fancy, magazine, hobby stuff, presents for each other (you don't have requirement at the moment for that level of nice secrecy from a partner but who knows what the future holds).  After so long being very careful with your cash it will be nice to have 20quid a month completely guilt free if you want a chocolate bar or a dvd from a charity shop.

I think after you've allocated money to each of these categories plus others that will be obvious to you in your lifestyle, you will find you don't have 'spare' cash at all 😆 

All these things mean if something breaks down like your fridge or freezer, no panic, it comes out your house maintenance or white goods category and you buy it immediately.   No need for it to come out your emergency fund cos thats not really an emergency,  its obvious these things will break every so often.  Having the funds means no loan, no credit card (other than for gaining points or loyalty vouchers), no buy now pay later etc.  It puts you in control and in a better position to help your future money.   No paying up insurance, pay annually and get the better deal.

I also love your quotes so do keep putting them on if it suits you.  And maybe print a few out that will serve you beyond your debt repayment.   Your money doesn't jump out on its own from your bank account or wallet,  you will need strategies to combat any natural tendency to think the above won't work for you, cos we've seen you certainly can do it if you have a plan. 

Fabulous stuff tezza

Dxxx

Wow what a great reply. Packed full of useful information and tips to help me out. I thought to myself how do you know soo much about me and my life? then i realised i have shared it with you all on here haha. But it is a good thing because i am able to get this really good advice from you all that will help me out no end. 

I think you are right, once debt free i need to give my spare cash a purpose for future use, rather than thinking of it as just "spare money" or doing nothing or there to waste. That way it will give me an incentive to save it more. And like you say the more i save the easier it will make my life when things like the fridge breaks down or something like that happens. And also having spare money each month for little treats also enhances your everyday life and makes your life "feel" better too. 

I do have plans to save up for a holiday in the future so that will be a large expense i would like to save up for which would give me something to aim to save for. Same goes for home improvements, i need carpets and internal doors for the house (and very long term a new bathroom). Thats another reason to save.

I will definitely continue to post the quotes as i know a few people like to see them, i do also read them and try to take note of their deep meaning also. 

Thank you soo much for a great, thoughtful reply. It has soo much helpful information and tips that i can definitely think about and use for the future. 

Only £2200.01 left to goooooooo