New Life Pending.....
Comments
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Thick_n_Thin wrote: »Ha ha, I’ve never been brave enough to walk round with a calculator, what I do is add it up in my head rounding up to the nearest whole pound, this only works though if nobody speaks to me whilst I shop! The other method I use is make a list then next to each item list the amount that you can pay for that item, for example washing powder would be £4.00 and so on, so you can calculate the total amount you will spend in advance. I quite like this method as it treacherous you to look for bargains rather than just putting the same things in your trolly!
Love this, this is a great idea! im definitely not brave enough to walk around with a calculator either :rotfl:
Hope you enjoyed your wineMy debt free journey, diary and all! New Life Pending :beer:1 -
[quote=[Deleted User];76078304]I quite like the "treacherous" typo ThinknThin - I often feel that way
You've made a fab start Ineedanewlife - will subscribe to cheer you on [/QUOTE]
hahaahaha :rotfl:
Thanks Black Coffe, im going to need it!!!!My debt free journey, diary and all! New Life Pending :beer:0 -
Day Five
Week spend still at £9.50, which i have to say im pretty impressed with! I also earnt an extra £10 from an ebay sell which i paid into CC3 as per plan.
Food has worked really well, todays lunch is a bit experimental but you know what the rest of the week ive eaten really well and have not gone without at all.
So the weekend is going to be my first big test. My son is away for a couple of nights so im left to my own devices - Old me, would mean girls night, dancing and lots of wine. New me, cant afford this, and so i am going to sort through the garage to aim for either a car boot or big ebay listing. I am going away in a couple of weeks (already paid for) all inclusive, so i dont think i will need much spending money, however, would like to be able to enjoy and not worry about buying ice creams etc when leaving the resort.
After work today I am heading to Aldi. I have my shopping list written out, and a meal plan. I am going to try and cut my spend to £40 for the week - will keep you updated as to how i do!
How much spending money would you guys budget for 1 adult 1 Child, All inclusive for 1 week in Menorca?
Time till Pay day - 20 days (not 10 like a bizarly put in my other post!!)
Debt - . 3,558.32 - Down £10My debt free journey, diary and all! New Life Pending :beer:0 -
Do you have a bad credit record meaning you can't get those awful interest rate cards/loan moved to 0%? Your soa looks good, your debt is not huge and you have a surplus so you can turn this around. It would be easier with lower rates though. If you can't move them then tackle the smallest to get rid of the cards first then throw everything at the loan which is awful.
I would split the surplus between emergency savings and debt overpayment until your emergency fund is £500 then throw as much as possible to get rid of the debt. Close the cards apart from one as you clear them.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.0 -
enthusiasticsaver wrote: »Do you have a bad credit record meaning you can't get those awful interest rate cards/loan moved to 0%? Your soa looks good, your debt is not huge and you have a surplus so you can turn this around. It would be easier with lower rates though. If you can't move them then tackle the smallest to get rid of the cards first then throw everything at the loan which is awful.
I would split the surplus between emergency savings and debt overpayment until your emergency fund is £500 then throw as much as possible to get rid of the debt. Close the cards apart from one as you clear them.
Yes yes yes, bad credit unfortunately!
Ive got the emergency savings up to £60, will top this up with another £50 on pay day, then i can also split the surplus between CC3 and the EF. Also any savings i can shave off the grocery pot will be split between the two.
I have cut up all the credit cards already so i can not be tempted to add to the debt - however, i was thinking of leaving them open in the hope of increasing my credit file by having better utilisation of credit, or do you think it would be better to close all together?My debt free journey, diary and all! New Life Pending :beer:0 -
Small achievement for me - So holiday in a couple of weeks meant that i need to get some travel insurance. Using topcashback, found a policy for £10.51, with £2 cashback!
usually i would of not bothered to shop around as id of left it to the last minute, went with the first company and wouldn't even cross my mind about C/B offers!
Mindset is changing, just need to keep the momentum going.My debt free journey, diary and all! New Life Pending :beer:0 -
Iwantanewlife wrote: »Yes yes yes, bad credit unfortunately!
Ive got the emergency savings up to £60, will top this up with another £50 on pay day, then i can also split the surplus between CC3 and the EF. Also any savings i can shave off the grocery pot will be split between the two.
I have cut up all the credit cards already so i can not be tempted to add to the debt - however, i was thinking of leaving them open in the hope of increasing my credit file by having better utilisation of credit, or do you think it would be better to close all together?
I would keep one open, the one you have had longest ideally and once you are clear from debt and can trust yourself to spend try putting a few things on it each month and then clear it in full. This will show you can handle credit responsibly.
On the subject of holiday spending money. Is it just ice creams and just for you and your son? If so I would have thought £70 -£100 for the week would be sufficient but just check to make sure all inclusive really is all inclusive and you don't have to pay for alcohol or deposits on towels or whatever. Read trip advisor reviews on the resort to see what they say on there.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.0 -
When is the loan due to finish?I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.0
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If you play around with a loan overpayment calculator you can see the benefits of overpaying that loan. The rate is so totally horrendous (is it a payday loan?) that I think you should settle for a £300 emergency fund and aim to overpay by £100 a month to get rid of it in a year. Otherwise I reckon that must be about a 5 or 6 year loan which will cost you thousands in interest. That should take priority over the credit cards which although the rates are bad they are not as bad as the loan.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.0
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Sorry to hark on about the loan but if you really are only paying £90 a month and the interest rate is 89% the repayments are not even covering the interest of £1197 a year as 12 times £90 is only £1080 so the loan would be rising? I think you have some grounds there for complaint or misselling. What did you borrow it for and do you have any paperwork or contract? If your credit history is really shot I think I would have to think seriously about defaulting on that and asking them to look at that rate or throw as much as possible towards it to get rid asap.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.0
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