I want to believe I can do this!

pidge04 · 24 June 2018 at 10:50PM

June-July
Car service fund £100
Rent and bills £550
Washing machine £25
Presents £20
Credit card £100
Credit card £100
Car insurance £25
Phone £17
Loan £227
Car £165
Prof fees £20
Childcare £50
Petrol £40
Camping £14
Groceries £60
Entertainment £20
Prescription £9
O/D fee £10

pidge04 · 25 June 2018 at 8:08PM

Spent 30 mins on the phone to HSBC and it was a no to reducing my interest. It continues to be 17.9%. So my plans will change. I need to put the money I will earn over the summer holiday into this one as it now has the higher rate of interest.

pidge04 · 28 June 2018 at 11:39PM

Today I took the bag of 2ps and 1ps we found in the cupboard under our stairs to the bank. £6.50! I paid it off my credit card.

The other day I impulsively bought some sandals from the middle isles in Aldi when I was doing the shopping. Took them back today and got a refund.

A senior manager at work is leaving soon. I do owe her an enormous amount of gratitude. I was thinking of writing a letter to express that. However, we have been asked to contribute £20 to her collection. Surely with these things it is about how much individuals can afford to contribute?

Have found some more things to sell on eBay at the weekend.

pidge04 · 2 July 2018 at 7:07AM

Following my car service, I need 2 new tyres and my brake pads are 80% worn. This is when I wish I had an emergency fund.

It was a fun, busy weekend. Got to knuckle down this week and do some eBay selling etc. My first week's work in the summer holiday has been confirmed and I will be paid weekly so that is really something positive to focus on. I cannot wait to get that extra money coming in.

I must start to tackle my overdraft. I just had a look at my account and the fee/interest this month will be £12.62 which is an increase from the £9 and £10 I have been paying lately.

I think that is all my news.

enthusiasticsaver · 2 July 2018 at 7:46AM

Congratulations on getting some summer work. Extra income will help certainly.

An emergency fund is certainly something which is worth tackling alongside the debt reduction. Ideally though car maintenance should be saved for monthly especially if you drive an older car which needs more maintenance.

I am with you on the leaving collection. No one should be telling people how much to put in. Just put in what you can afford.

pidge04 · 7 July 2018 at 6:40AM

Hi

I am starting the 1% challenge. I can see how it could be motivating to keep going with the debt busting and not to spend any money frivolously.

This week I have been thinking about how I might feel on the day (in July 2020) when I will have no debt.

So 24 months away. Not really too long. Definitely achievable!

pidge04 · 16 July 2018 at 6:47PM

This month has been challenging for spends but today my Barclaycard statement came through.
Balance is in three figures.
The minimum payment would be £21 if that was the option I was going for.
The estimated interest next month is £5.
Feels so much better than the previously 4 figure balance it was, the £65 minimum payment and the £30/40 interest.
Yes, £500 of that debt is on an. aqua card but on the positive side, there!!!8217;s no interest to pay at the moment. My summer job starts in under 2 weeks.
Things are ok!

Chrystal · 16 July 2018 at 9:39PM

Glad to hear things are going well... kudos to you!

pidge04 · 17 July 2018 at 2:38AM

My debt is going to be under £10,000 by the end of August. That will be an important milestone when it comes.

Sobl00dyblonde · 20 July 2018 at 1:03PM

I've just caught up and you seem to be making brilliant progress, I bet it'll be exciting to be paid weekly for the summer job, it'll get those balances going down nice and regularly.

Have a good (and cheap!) weekend

I want to believe I can do this!

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