Mizmir's determined to get there diary

mizmir

Just unsubbed from my own thread by mistake so have to post something or I'll have lost it by this evening! :rotfl: Another full work day so not going to overplan but here's a mini list:

• Have positive attitude (courtesy of hypno!)
• Sort out stuff for weekend trip
• Check online banking
• Make payments and update snowball
• Review matched betting and get restarted

mizmir

You're all right of course - and it is good to be under £20K - was just surprised as at one point I dipped below £19K - before the holiday and the car and stuff .
Still onwards and upwards. Starting afresh today with a new budget and a new game plan.....

On another subject altogether I was very sad to hear that Randy Pausch (the US prof) had lost his fight with pancreatic cancer on Friday. If you need inspiration then make a cup of tea and check his "last lecture" on Youtube - well worth it.

mizmir

• Have positive attitude (courtesy of hypno!) Not going to cross this out as lasts all day - but feeling positive already!
• Sort out stuff for weekend trip
• [STRIKE]Check online banking[/STRIKE] DONE - OH been paid and £600+ payments gone off debts (mainly the expenses accounts so doesn't impact my totals that much but interest averted!)
• [STRIKE]Make payments and update snowball[/STRIKE] DONE - though may have a look at what else I can do later.
• Review matched betting and get restarted

Not a bad start - now I MUST get off to work!

Karmacat

What a rollercoaster this last day! Mizmir, I'm glad you've decided to go the official snowball route, tho sorry that when you sorted your debt, it was more northerly than you thought.

Thanks for the thing about Pausch - my beloved American cousin sent me a quick email quoting him and I was a bit mystified, I'll check out youtube.

I'm really starting to think about actual paying off of debt with extra money that I get in - never really done it before, I don't really count paying off the mortgage quite so much. I've just realised, if I was paying off £300 a month from extras, my loan amount would be gone well before the end of next year, taking into account the capital repayments already existing in the monthly loan repayments anyway. Going to have a serious think about this...

Thank you!

strumpet

mizmir wrote: »

....toying with being really bad and actually paying off my overdraft which is cheap rather than the cards which are reasonable but not as cheap - simply because card totals are easier to keep track of and manage. The overdraft is running at about £4700 - but it goes down when salaries go in then builds up again - and can be difficult to keep track of. Is it stupid to put more against this (which costs me a fiver a month) than the card which costs me £25?? I feel it probably is but I also feel maybe if I got into the black on the account I would struggle more to keep there..?

Hi Miz,

Possibly not as daft as it seems - Ok it might cost you a little bit more money to finance card debt rather than O/D debt, but there's something psychological about being in the black as well as that magic £0 threshold. You are more likely to be conscious of avoiding going over the boundary and becoming overdrawn that trying to avoid going below and arbitrary limit of say -£3000.
Also, your bank will see you running your account in the black every month rather than in the red and hence when it comes to offering you finance later on, should you need it, I'm sure this would be in your favour.:beer:
I'm quite a methodical person and that magic "don't go below the magic £0 figure" would clinch it for me! :DThe sequence +£1, £0, -£1 :eek:seems to have more gravity than -£2999, -£3000, -£3001:eek:

Just a few mindless ramblings for your delight and delectation!!!:rotfl:

Strumpet

boredofbeingathome

Hey Miz, will let you get ahead of me on chorewars...sorry no money in it! keep at it and will catch you in a couple of weeks..x

mizmir

strumpet wrote: »

'm quite a methodical person and that magic "don't go below the magic £0 figure" would clinch it for me! :DThe sequence +£1, £0, -£1 :eek:seems to have more gravity than -£2999, -£3000, -£3001:eek:

Just a few mindless ramblings for your delight and delectation!!!:rotfl:

Strumpet

hi strumpet - this was my thinking too - definitely is a much bigger incentive if it were to be. But the problem is even if I pay off the OD first it would still take me till next May to get to that magic point and so it loses a little benefit - am hoping to be completely debt free a few months after that. My plan is to follow the snowball with the budgeted debt payment from salary (£1300 a month :eek:) then put any extra against the overdraft - with luck if I manage the £10 a day challenges that would knock a serious hole in the overdraft! So a bit of both with luck....;)

mizmir

boredofbeingathome wrote: »

Hey Miz, will let you get ahead of me on chorewars...sorry no money in it! keep at it and will catch you in a couple of weeks..x

Ah - there is no satisfaction in beating someone who is away on holiday though! But will keep at it as it is actually encouraging me to do some chores! :rotfl: Catch me if you can!

The_Dragon

mizmir wrote: »

Ah - there is no satisfaction in beating someone who is away on holiday though! But will keep at it as it is actually encouraging me to do some chores! :rotfl: Catch me if you can!

Ah but mizmir I am now back on track and in the lead again!!

hypno06

Evening Miz! As you know I am a great follower of the snowball calculator......so I def reckon it is the way forward!