What a mess...

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12467…19

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  • stvn1
    stvn1 Posts: 141 Forumite
    Debt-free and Proud!
    edited 1 November 2017 at 12:47AM
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    I decided to use my signature to update on the amount of money I owe. When I first posted here on 29th October I owed £12164.49. Currently, if I stick to the agreements I have in place, I owe £8564.05. That's a difference of £3600.44. That's incredible.
    LBM 26/10/17
    Total debt at LBM - £15421.47
    NOW DEBT FREE AS OF 30/07/19
  • stvn1
    stvn1 Posts: 141 Forumite
    Debt-free and Proud!
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    I made another £40 tonight by selling an old mobile phone on Gumtree. It's going straight off the credit card.
    LBM 26/10/17
    Total debt at LBM - £15421.47
    NOW DEBT FREE AS OF 30/07/19
  • MrsSave
    MrsSave Posts: 1,817 Forumite
    First Anniversary Name Dropper First Post
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    You've made an amazing start. If you keep going like this, you'll have paid your debts off in no time at all!!
    Starting a new debt free journey
    Starting Debt: £5,250
    Current Debt: £4,995.50
    Amount Paid: £254.50 Percentage Paid: 4.84%
    Emergency Fund: £350
  • stvn1
    stvn1 Posts: 141 Forumite
    Debt-free and Proud!
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    MrsSave wrote: »
    You've made an amazing start. If you keep going like this, you'll have paid your debts off in no time at all!!

    I very much hope so!
    LBM 26/10/17
    Total debt at LBM - £15421.47
    NOW DEBT FREE AS OF 30/07/19
  • stvn1
    stvn1 Posts: 141 Forumite
    Debt-free and Proud!
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    Capital One - a small success today. They have agreed to lower the APR on my credit card account from 39.9% to 25.4%. Very pleased with that.
    LBM 26/10/17
    Total debt at LBM - £15421.47
    NOW DEBT FREE AS OF 30/07/19
  • enthusiasticsaver
    enthusiasticsaver Posts: 15,595 Ambassador
    First Anniversary First Post Name Dropper I've been Money Tipped!
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    That is a saving of around £12 per month on a balance of £900 so not too shabby. Keep up with the selling and reducing the Capital one card.
    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.
  • stvn1
    stvn1 Posts: 141 Forumite
    Debt-free and Proud!
    edited 1 November 2017 at 4:38PM
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    The current balance is £804.11. I listed my iPhone 6s Plus on Gumtree and have someone calling after work tonight to hopefully buy it. It's on for £320. If it sells I'm going to put the whole amount off the balance and buy a cheap android phone. No pain no gain.

    My iPad is also for sale. If it sells I'm going to do the same and buy a Kindle Fire on black Friday.
    LBM 26/10/17
    Total debt at LBM - £15421.47
    NOW DEBT FREE AS OF 30/07/19
  • stvn1
    stvn1 Posts: 141 Forumite
    Debt-free and Proud!
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    That's the iPhone sold for £320. The iPad is still for sale at £300 and seeing as I won't have any Apple products I may as well sell the new Apple TV. It's on at £100. If I can get those sold I'll put the difference to it and clear the credit card.

    I'm kind of sad to be selling these though... Ah well.
    LBM 26/10/17
    Total debt at LBM - £15421.47
    NOW DEBT FREE AS OF 30/07/19
  • Florence_J
    Florence_J Posts: 1,942 Forumite
    First Anniversary First Post Combo Breaker
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    I once had about 150 DVDs, I now have 18. I sold as many as I could/was willing to to be clear of my debts quicker.

    These things can be replaced, it is hard, I'm not saying you won't miss them, but they are not gone forever, you can and will have them back one day.
    Debt Free Stage 1 - Completed 27/08/2020
    Debt Free Stage 2 - Completed 50/181 Payments
  • stvn1
    stvn1 Posts: 141 Forumite
    Debt-free and Proud!
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    Thanks Florence, I know you're right. I thought I was doing ok over the past few days but this has really brought it home. I'm trying to stay positive and think long term.
    LBM 26/10/17
    Total debt at LBM - £15421.47
    NOW DEBT FREE AS OF 30/07/19
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