Hopefully debt free before Mortgage renewal in June 2026

doingitanyway

wow...starting with a 1 

Tezzadp

No money spent today

Today my £40.00 standing order into my savings account was taken but i have decided to send it back to my current account this week as its a 5 friday month and my car MOT didnt cost as much as i thought so i saved money on that and the extra £40 will come in handy to go towards my lump sum payment at the end of the month next week. So my emergency account/Savings balance remains at £771.38 

Debt payments 

Natwest CC Weekly payment £35.00 (I pay an additional £1 every week until the debt is paid in full) Total weekly payments made this month £165.00

Natwest CC Daily payment £3.72 Total daily payments made this month £103.82

Total of all Natwest CC payments, including weekly and monthly payments made this month £295.97 leaving a balance of £1941.93

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

Spendless

I think thats fine diverting money from one account to serve a different purpose. I did similar today when my wages turned out to be more than.I expected, I repaid myself rather than use the money elsewhere.

Any plans for the weekend or is it a quiet one in anticipation of rounding everything up on Monday? 

Tezzadp

I spent £20.00 on fuel for the car today, i went to see my daughter who paid for us to go to watch a film at the cinema.

No direct debits today

Natwest CC Daily payment £3.73 Total daily payments made this month £107.55

Total of all Natwest CC payments, including weekly and monthly payments made this month £299.70 leaving a balance of £1938.20

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

Tezzadp

Spendless said:

I think thats fine diverting money from one account to serve a different purpose. I did similar today when my wages turned out to be more than.I expected, I repaid myself rather than use the money elsewhere.

Any plans for the weekend or is it a quiet one in anticipation of rounding everything up on Monday? 

Yeah now i have a little buffer of spare money at hand i think i can afford to send a little bit back now and then to help out with extra payments towards the debt, especially in 5 friday months when extra savings are taken from my current account. It is always nice to have extra money when you dont expect it, like with your wages, it helps you out no end sometimes. 

I went to see my daughter today who paid for us to go to the cinema, it was a rubbish film, but i got to spend time with her which is always good. So just money spent on fuel, which i would have needed anyway for work, but no other money will be spent this weekend, ready for my lump sum payment on monday, which im looking forward to.

Hope you have a great weekend also. 

Tezzadp

No money spent today
No direct debits today

Natwest CC Daily payment £3.74 Total daily payments made this month £111.29

Total of all Natwest CC payments, including weekly and monthly payments made this month £303.44 leaving a balance of £1934.46

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

Tezzadp

No money spent today

Direct debits

CSA payment £71.20

Natwest CC Daily payment £3.75 Total daily payments made this month £115.04

Total of all Natwest CC payments, including weekly and monthly payments made this month £307.19 leaving a balance of £1930.71

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

Tezzadp

It's my favourite time of the month today..... My end of accounting month which means a lump sum payment towards my debts, a look back at the month and the payments made, and also a look forward to any events or things that may effect my payments in the next month or 2.

So, i started this month with £5.91 in my account from last month and £1753.51 my salary for the month. I now have £227.16  left in my account. So i have just made a lump sum payment of £225.00 towards my Natwest CC, bringing the balance now down to £1705.71   

Debts summary :

Debt balances when i started posting on this forum on 6th Jan  

Hastings Loan  £2962.60
Virgin CC £1230.00
Tesco CC  £2273.00

Total £6465.60
...................................................................................................................................................

Debt balances at the start of this month (September)

All debts moved (in April) to Natwest 12 month 0% CC £2237.90

Total £2237.90

...................................................................................................................................................

A summary of payments this month :  

Total daily payments = £115.04
Total Weekly payments = £165.00
Lump sum payment = £225.00
Monthly DDs = £27.15

Total payments  = £532.19

.......................................................................................................................................................

My end of month total outstanding debt is now £1705.71

      Reduced by £4759.89 since 3rd January    

.......................................................................................................................................................

Savings/Emergency account payments this month :
 
Previous balance £738.02
This months payments +£160.00
Jimmy Carr night out Food/Parking -£20.33
MOT parts/labour/Test -£106.31

End balance  £771.38

....................................................................................................................................................

Summary : 



I like to post a bunch of figures as sometimes its easier to see the information quicker than reading a load of waffle where information can be hidden in the context and can easily be missed if skimming over. But basically in summary I have now managed to get the debt down to starting with a 1 this month and nearly below the £1700 mark (that WILL happen in 2 days time). I have also now paid of nearly 3 quarters of my total debt at the start (currently 73.6%). My aim for this month was to get the figure down below £1800 which i have managed to achieve which im pleased about 

I have also now included a figure of how much the average monthly payments need to be in order to pay the full amount off by xmas day which is currently £568.57. I wont be able to pay this amount for each of the 3 months remaining but i have money in my savings account for any shortfall to go towards the final payment on xmas day. 

I have managed to pay over 30% of my monthly salary this month towards my debt. 

I have also updated my No Spend days total just to see how it turns out at the end of the year. 

My car MOT was a pleasant surprise this month for me, it wasnt as bad as i expected it to be, so im really happy about that. 

Looking ahead .....

October sees my car insurance due for renewal on the last day of the month, but i will get this sorted and paid for before then so it will fall into this months accounting figures. It will be interesting to see how much it is this year after getting my 3 points on my licence at the start of this year for speeding. I hoping it wont make too much of a difference. But this is another occasion that i have been saving my money in my savings/emergency account for, so that money will be used for this one off bill. 

My aim for next month ..... 

I think next month i will try my best to get this down to hopefully under £1200 or as close to it as possible. 

Overall I am starting to get more and more excited as each month passes, as i can now see the progress i am making with this and i know for a fact that i can get this paid by xmas day and for once i am looking forward to xmas, as i dont like xmas at all. But not this year, im looking forward to my Debt free xmas present to myself this year 

Thank you all for your comments, advice, support and encouragement over the past month      

..... On To October

 

Tezzadp

I have more quote pics than days left until Xmas i think, so here is a bonus one for the end of the month   

RedLipstick

Fantastic progress and great summary, very well done!!