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  • FIRST POST
    • Second Time Lucky
    • By Second Time Lucky 4th Dec 17, 10:57 PM
    • 10Posts
    • 1Thanks
    Second Time Lucky
    Time to change the habits of a lifetime
    • #1
    • 4th Dec 17, 10:57 PM
    Time to change the habits of a lifetime 4th Dec 17 at 10:57 PM
    ..........
    Last edited by Second Time Lucky; 15-12-2017 at 9:01 PM. Reason: ..
Page 1
    • Second Time Lucky
    • By Second Time Lucky 4th Dec 17, 11:22 PM
    • 10 Posts
    • 1 Thanks
    Second Time Lucky
    • #2
    • 4th Dec 17, 11:22 PM
    • #2
    • 4th Dec 17, 11:22 PM
    ............
    Last edited by Second Time Lucky; 15-12-2017 at 9:02 PM. Reason: ...
    • starting_again_in_the_sun
    • By starting_again_in_the_sun 5th Dec 17, 8:17 AM
    • 117 Posts
    • 628 Thanks
    starting_again_in_the_sun
    • #3
    • 5th Dec 17, 8:17 AM
    • #3
    • 5th Dec 17, 8:17 AM
    Hello Second Time Lucky,
    Well done for facing your situation and asking for help.

    You are in a relatively fortunate position, as you have a healthy surplus. However, some of the interest rates are huge! Is your overdraft really interest free?

    Would it be possible to reduce the amount you pay to your mum? This would allow you to clear the other debts more quickly.

    Your grocery budget can definitely be reduced, so can entertainment.

    Good luck!
    • beanielou
    • By beanielou 5th Dec 17, 11:14 AM
    • 55,443 Posts
    • 222,362 Thanks
    beanielou
    • #4
    • 5th Dec 17, 11:14 AM
    • #4
    • 5th Dec 17, 11:14 AM
    Do you really have 400+ left at the end of the month?
    Sure you dont need to tell you but you really need to get rid of lending stream ect ASAP.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • Second Time Lucky
    • By Second Time Lucky 5th Dec 17, 11:37 AM
    • 10 Posts
    • 1 Thanks
    Second Time Lucky
    • #5
    • 5th Dec 17, 11:37 AM
    • #5
    • 5th Dec 17, 11:37 AM
    ............
    Last edited by Second Time Lucky; 15-12-2017 at 9:02 PM. Reason: ...
    • patman99
    • By patman99 5th Dec 17, 12:00 PM
    • 8,207 Posts
    • 9,673 Thanks
    patman99
    • #6
    • 5th Dec 17, 12:00 PM
    • #6
    • 5th Dec 17, 12:00 PM
    Are there any penalties for paying off the lending stream debts early?. If not, then pay off the outstanding 125 this month, then next month throw 200 at the other with the view of clearing it the following month.

    This will free up 255 a month that you can use to reduce your overdraft.

    Your overdraft is costing you 21 a week, or, 1,100ish a year in fees alone.
    Never Knowingly Understood.

    Member #1 of 1,000 challenge - 1000/ 1000 (that's 100%)

    3-6 month EF 631.65/3600 (that's 10 days worth)

    Do you/your spouse earn less than 197 p/w ?. Fill-in Form R85 and get your Bank interest Tax free.
    • Second Time Lucky
    • By Second Time Lucky 5th Dec 17, 12:40 PM
    • 10 Posts
    • 1 Thanks
    Second Time Lucky
    • #7
    • 5th Dec 17, 12:40 PM
    • #7
    • 5th Dec 17, 12:40 PM
    Thanks

    So no fees on the Lending Stream so definitely getting this one sorted. Makes me feel sick thinking about how much they cost!

    Overdraft is with Halifax so I've just realised it's actually 1p per 7 that I'm paying in fees. I was thinking I would attack the 99% interest 118118 account first before the overdraft. I'm not sure how to work it out, but I was thinking that as I am living in my overdraft some of the month I pay less in fees as there in money in the account?
    • Second Time Lucky
    • By Second Time Lucky 5th Dec 17, 12:42 PM
    • 10 Posts
    • 1 Thanks
    Second Time Lucky
    • #8
    • 5th Dec 17, 12:42 PM
    • #8
    • 5th Dec 17, 12:42 PM
    Thanks

    So no fees on the Lending Stream so definitely getting this one sorted. Makes me feel sick thinking about how much they cost!

    Overdraft is with Halifax so I've just realised it's actually 1p per 7 that I'm paying in fees. I was thinking I would attack the 99% interest 118118 account first before the overdraft. I'm not sure how to work it out, but I was thinking that as I am living in my overdraft some of the month I pay less in fees as there in money in the account?
    • ladymay
    • By ladymay 5th Dec 17, 1:28 PM
    • 919 Posts
    • 3,944 Thanks
    ladymay
    • #9
    • 5th Dec 17, 1:28 PM
    • #9
    • 5th Dec 17, 1:28 PM
    Hi Second Time Lucky! Just popping on to wish you luck and for a bit of cheerleading - you can absolutely do this
    Moved back to the UK 05/01/18
    New Job and New Business
    2018 Aim - Save 10k
    • enjoyyourshoes
    • By enjoyyourshoes 5th Dec 17, 1:37 PM
    • 1,062 Posts
    • 1,304 Thanks
    enjoyyourshoes
    Hi

    time to change habits of a lifetime? Hey, sound like words, easy to say but by the looks of things really impossible to do.

    The epiphany didn't last long, PaM such, dinner in London and 1st class on the train?

    Add that lot up and compare it to the debt to your Mother, I think you may be taking the P*ss.

    You need to work out your life priorities, put these into financial terms and start 'doing the things right', to meet these objective.

    Also know where you are financially every day by accrueing fore future costs and reconciling bank account daily with spends. Then analyse and scrutinise spending to meet your life obj.

    Really simple stuff but hard to maintain, but well worth it when how you have benefited by compound interest.
    Debt is a symptom, solve the problem.
    • Second Time Lucky
    • By Second Time Lucky 5th Dec 17, 2:05 PM
    • 10 Posts
    • 1 Thanks
    Second Time Lucky
    ..........
    Last edited by Second Time Lucky; 15-12-2017 at 9:03 PM. Reason: ....
    • Second Time Lucky
    • By Second Time Lucky 5th Dec 17, 2:09 PM
    • 10 Posts
    • 1 Thanks
    Second Time Lucky
    ..........
    Last edited by Second Time Lucky; 15-12-2017 at 9:03 PM.
    • Second Time Lucky
    • By Second Time Lucky 6th Dec 17, 9:03 AM
    • 10 Posts
    • 1 Thanks
    Second Time Lucky
    NSD yesterday whoop! Hoping for the same again today
    • Second Time Lucky
    • By Second Time Lucky 6th Dec 17, 8:08 PM
    • 10 Posts
    • 1 Thanks
    Second Time Lucky
    Spend all day trekking around shopping centres for work so lots and lots of temptation around to spend on either things or snacks/coffees! Managed to swerve all the normal spends. My face moisturiser had run out but rather than grabbing the first one in Boots I compared a couple across stores and managed to only spent 3.50. So not too bad a day really, plus did nearly 16,000 steps so a bit of a work out as well!
    • Second Time Lucky
    • By Second Time Lucky 7th Dec 17, 10:58 PM
    • 10 Posts
    • 1 Thanks
    Second Time Lucky
    Another day, another day walking around shopping centres full of temptation. Managed to avoid any purchases and when my train was delayed also resisted getting a coffee so a NSD, whoop! Plus, doing some market research tommrrow so an extra 50 that I!!!8217;m going to put straight towards the lending stream once it!!!8217;s cleared.
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