5 Year Fixed - 60 Months to Financial Stability.........Hopefully!

[Deleted User]

It's so annoying having to wait a whole MONTH!

I'll be sorting all the funds out today - so busy in work today so not had a minute.

[Deleted User]

Morning all,

Been so bad at posting, keeping up with bills, housework, diet - I am failing at life here.

Sitting here sorting the finances out now so I am going to tackle one thing at a time and just try every day to make an improvement.

I've decided that for the car payments to the Natwest CC I am going to make the minimum CC repayments and put the rest into a savings account.

At the end of the 23 months 0% offer I'll have the money to pay it in full with a little interest added on.

[Deleted User]

Completed a £2.00 survey - time to focus on the positives.

[Deleted User]

Been a while since I logged in but still been plodding along with the plan to become debt and mortgage free by 2030.

This is the plan to pay off the car that I had to buy, it's on 0% on a balance transfer card so I am going to pay the minimum amount and add the rest to a savings account. If I can get another balance transfer at the end of this one in December 2027 I will do that and the money I've got in the savings account I'll use to overpay the mortgage.

Natwest CC - £4,213.76
£211.00 - May 2026
£211.00 - Jun 2026
£211.00 - Jul 2026
£211.00 - Aug 2026
£211.00 - Sep 2026
£211.00 - Oct 2026
£211.00 - Nov 2026
£211.00 - Dec 2026

£211.00 - Jan 2027
£211.00 - Feb 2027
£211.00 - Mar 2027
£211.00 - Apr 2027
£211.00 - May 2027
£211.00 - Jun 2027
£211.00 - Jul 2027
£211.00 - Aug 2027
£211.00 - Sep 2027
£211.00 - Oct 2027
£211.00 - Nov 2027
£204.76 - Dec 2027

Catscoffeecake

I don't know about you but I like nice round numbers when I can. So id be tempted to round the minimum payment to nearest £5 or £10 then save rest. Though depends on your willpower as becomes easy to spend it on something else rather than wait. Whereas if paid off card you can see it going down quicker. Only exception maybe would be to save into a monthly saver so there's penalty for withdrawing it. Just some thoughts

[Deleted User]

@Catscoffeecake - Yeah I might actually do that, means it will be gone even a wee bit sooner. Like seeing it build up in my savings account and marking the monthly payment off my list.