Busting this debt before 42

Sardine82

I feel your pain wearing glasses, my eyes are so bad I need the works on glasses, varifocal, super thin, anti glare... I start saving for the next ones as soon as I have a new pait!

Chocolatefund

https://forums.moneysavingexpert.com/discussion/comment/82073383#Comment_82073383

It's so unfair isn't it? The sh** eyes tax is real. 😂

Chocolatefund

So my hopefully chill month at work ended up being a bad week in the office. I'll be glad to see the back of this month now.

Payday in a couple of days. I stopped writing all my spends in my spending diary at some point this month, just lost the strength to keep on top of it. Good news is as I've been too mentally tired to do anything after work, my spending CC has £541 on it so far for the month. Will have to fill up the petrol tank a bit tomorrow, but it looks like I'll come in about £100 under budget. Since I've got a fair bit of extra pay coming my way I should still be able to chuck off some of the car loan.

My new glasses and sunglasses are here and my goodness, my eyes feel better already. Should have done that way sooner.

Need to get my brain back in the finance game now. Can't wait for the monthly money shuffle.

Chocolatefund

So my SIPP transfer into T212 has made progress. Checked my account to find that the shares part has been transferred across. Yay! Just waiting on the cash part now. Hopefully that will happen in the next week or two.

£8,630 has come across in shares and there's £260 in cash still to come. I've kept £300 in the Invest account ready to move over and I'll have another £300 to go in on Monday.

Total, when all is complete I will have about £9,490 total in my SIPP. Oooo....can feel the £10k mark close now.

Planning on adding £60 into the Stocks and Shares ISA on Monday which will take that total up to £1,900. Going to aim for £2k goal next month.

Feels really good to actually do some proper wealth building. Makes me more determined to keep focus on getting that car loan down so I really ramp up the investments later.

Will finish up the money shuffles on Monday.

Chocolatefund

Aaaaand the great Monthly Money Shuffle is now complete. Totals are as follows;

Spending CC paid off.

Car service paid at £270.

£30 in the emergency fund to top it up to £1700.

£100 in the S&S ISA which is now at £1950.

£300 to the new SIPP ready for when it's finished transferring across.

£10 to the Shiny Fund for no other reason then I'm sick of seeing it at a zero.

£800 overpayment to the car loan. Outstanding balance is now £15,439. Very happy with this. Next payment will bring it down below the 15k mark.

Very pleased that I was still able to achieve these totals despite the new glasses spend, though it does mean that my sinking fund is now at zero. The rest of the year I'll have to start building up some solid sinking funds again. I don't have any big annual spends due now untill the dreaded 'C' word in December, but...my luxury car tax will be due in January.

Yes. Luxury car tax. Why? Because I worked too hard.

Chocolatefund

This month has been a bit of an emotional rollercoaster to say the least. What I thought was going to be a chill month has ended up not being so. The nature of my job I guess. Not bad stuff though.

Looks like I might be going away for work for a while. Also found out the day after that I passed the first part of a very important interview. It would be a great promotion if it happens, but I won't find out till October. Fingers crossed.

Cause work has been filling my head so much, I haven't been writing in my spending diary at all. I went to a convention at the beginning of the month, and had a work meal out last week. Everything else has been food and petrol money. Admittedly I've not kept on track of spending at all this month. There has been faaaar too much buying lunch at work and food on the go...

I do know that there is £645 that's on my spending CC spent so far. 5 days till payday. So I will still be within my £700 monthly budget, but I may need to fill up the petrol tank. My statement is generated on the 28th so that might not kick in for this billing cycle, but we'll see. Overall, I'll still be able to overpay the loan by another £800. I realise how fortunate I am to have a great salary that the mindless food spending won't impact my goals too much.

In other money news, my SIPP has finally transferred over and now sits at £9,650. Next payday this will hit a magic £10k, can't wait! I need to get my head back into finance space now so I can look forward to the next monthly money shuffle.

beanielou

Not all bad then.

Rhyddid2026

This is one of the long term goals though isn't it, that we learn enough and change enough of the bad habits, so if we need to take our eyes off the goals temporarily and it's not too disastrous. Well done!

Chocolatefund

@Rhyddid2026 Absolutely. One thing that I'm pleased that I ditched was takeaways. I've not had a single takeaway for over a year. Such a fantastic waste of money when you live on your own. I'm just as happy with a £3 frozen pizza from Tesco. Also having my own made coffee at home first thing in the morning is now routine. Far less Amazon purchases too. My gods I've given that company too much money…

So my CC statement kicked in on the 27th this time around. One day earlier then normal. (Maybe because bank holiday) £695 for the month. Winner. Payday has come, yay! So spending CC is now paid off ready for the next month.

September has two birthdays and a boiler service, so will put money aside for those and finish up the great monthly money shuffle on Tuesday.

MillQueen

I'm very impressed with your lack of takeaways!