Spend Nowt, Buy Nowt, Owe Nowt

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  • Suffolk_lass
    Suffolk_lass Posts: 9,353 Forumite
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    Oh my, that is a list, if ever I saw one. If I read your sig correctly you have paid debts 1 & 3 in your Action Plan Part 1 So just that one card to go. I think you said the 0% deal expires next month so it needs a bit of attention but you have paid just under 80% of your first target
    Save £12k in 2024 - #2 target is £5000 only £798.34 so far
    OS Grocery Challenge 2024 31.1% spent or £932.98/£3,000 annual
    I also Reverse Meal Plan on that thread and grow much of our own premium price fruit and veg, joining in on the Grow your own thread
    My Debt Free Diary Get a grip Woman
  • XSpender
    XSpender Posts: 3,811 Forumite
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    Suffolk_lass wrote: »
    Oh my, that is a list, if ever I saw one. If I read your sig correctly you have paid debts 1 & 3 in your Action Plan Part 1 So just that one card to go. I think you said the 0% deal expires next month so it needs a bit of attention but you have paid just under 80% of your first target

    Virgin Part 1 will be cleared at the end of April (0% expires end of May) and Part 2 will be cleared before September when the 0% deal ends.
    Save £10,500 - £2673.77 - 25.5%
    Pay off £7000 - £1743 - 19.4%
    Make £2021 extra income - £99.75
  • XSpender
    XSpender Posts: 3,811 Forumite
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    Lloyds Loan #1……………….£9472.59….£275.11…..3.9% APR…….37 payments left
    Lloyds Loan #2……………….£13,596.26….£265.98…..3.9% APR…….56 payments left
    Lloyds CC (Me) Part 2………….£2958.24….….£0......…….0.0% APR…….until March 2019
    Virgin (Me) Part 1…………..£599.42……..£25………0.0% APR…….until 30th May 2018
    Virgin (Me) Part 2…………..£1038.00……..£0.00….…….0.0% APR…….until 30th Sept 2018
    Virgin (DH) Part 2……………£5653.38……..£102………0.0% APR…….until July 2018
    Virgin (DH) Part 3……………£4372.97……..£0.00………0.0% APR…….until Sept 2018
    MBNA…………………………….£8040.65……..£81.21…….0.0% APR….…until Sept 2019
    Person 1…………………………£1275.79……..£0.00……….0.0% APR……………………………
    Person 2…………………………£1377.18..…..£0.00……….0.0% APR……………………………
    Hitachi…………………………...£1439.31……..£47.97……...0.0% APR…….BNPL payments start May 2018


    TOTAL £53,315.15 @ 16.12.17 TOTAL NOW £49,778.78 :)

    I'm back under £50K :j

    Today is DH new payday so I have done the end of month update as it is the end of my April.

    We have not used the CC for anything this month or since January. I have had to make a slight adjustment to the balance on Person 2.

    The Virgin(me) at £599.42 will be cleared from my bonus at the end of April when I get paid. By the end of May we should be in the low £48ks which will be about £5k paid off since December last year. Not fabulous but definitely heading in the right direction.

    The re-mortgage and monthly repayments will take us down to under £30k by July and I would like to be under £25k by the end of the year.

    DH will also apply for a 0% BT card in the summer to move his virgin balance to and anything left on my virgin card and repay person 2.

    We will try and reduce the final part of the Virgin as best we can before July when it will be BT and then we will the be focussing on the Lloyds CC which expires in March 2019.

    We have had our recommendation from the mortgage broker and will complete the application form and send off payslips this weekend. 0.1% higher than original offer as h@l1f@x withdrew their previous rates but still almost £100 less than current payment and almost 1.5% less than we are paying now. With the small consol we are still borrowing less than we originally borrowed to buy the house.

    I'm off the play with my spreadsheet ;)
    Save £10,500 - £2673.77 - 25.5%
    Pay off £7000 - £1743 - 19.4%
    Make £2021 extra income - £99.75
  • apple_muncher
    apple_muncher Posts: 14,733 Forumite
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    :T:T:T Yay to being in the 49s!!! :T:T:T Well done!
    NST March lion #8; NSD ; MFW9/3/23 Whoop Whoop!!!
  • Treadingonplaymobil
    Treadingonplaymobil Posts: 1,895 Forumite
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    Well done on crossing the £50k threshold! Great news.
    Trying to figure out a whole new life. Trying to figure out a whole new budget.
    Divorcing, unclear on final debt total right now, but focusing on building a financial buffer zone.
  • XSpender
    XSpender Posts: 3,811 Forumite
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    apple_muncher wrote: »
    :T:T:T Yay to being in the 49s!!! :T:T:T Well done!
    Treadingonplaymobil wrote: »
    Well done on crossing the £50k threshold! Great news.

    Thanks both. It does feel good been under £50k even if it is only by a couple of hundred quid :). I can’t wait until we are under £25k.
    Save £10,500 - £2673.77 - 25.5%
    Pay off £7000 - £1743 - 19.4%
    Make £2021 extra income - £99.75
  • Treadingonplaymobil
    Treadingonplaymobil Posts: 1,895 Forumite
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    XSpender wrote: »
    Thanks both. It does feel good been under £50k even if it is only by a couple of hundred quid :). I can’t wait until we are under £25k.
    How long will that take? Ours is so painfully slow.
    Trying to figure out a whole new life. Trying to figure out a whole new budget.
    Divorcing, unclear on final debt total right now, but focusing on building a financial buffer zone.
  • XSpender
    XSpender Posts: 3,811 Forumite
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    Treadingonplaymobil wrote: »
    How long will that take? Ours is so painfully slow.

    I am aiming for the end of the year. £17k is getting consolidated into the mortgage and the rest is normal payments, my small bonus and an extra £200/month scraped up from somewhere. I will still need to find a couple of grand to hit that. Hopefully DH will start earning a bonus again soon which will cover the shortfall.

    The hardest thing will be getting through this year without a holiday and not thinking sod it and adding £2k to the debt :o
    Save £10,500 - £2673.77 - 25.5%
    Pay off £7000 - £1743 - 19.4%
    Make £2021 extra income - £99.75
  • Treadingonplaymobil
    Treadingonplaymobil Posts: 1,895 Forumite
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    XSpender wrote: »
    I am aiming for the end of the year. £17k is getting consolidated into the mortgage and the rest is normal payments, my small bonus and an extra £200/month scraped up from somewhere. I will still need to find a couple of grand to hit that. Hopefully DH will start earning a bonus again soon which will cover the shortfall.

    The hardest thing will be getting through this year without a holiday and not thinking sod it and adding £2k to the debt :o
    Wow, that would be amazing! Wish we were looking at something so efficient. Our 'on paper' debt is only just over £14k now (all on CCs), but we still actually owe another £20k (parental loan), plus what we consolidated into the mortgage at the beginning of the year (similar reasons to you - made payments more affordable). I'm hoping to get the CC below £10k by the end of the year, but that's as lofty as my ambitions get as we're also trying to work towards our extension.
    Trying to figure out a whole new life. Trying to figure out a whole new budget.
    Divorcing, unclear on final debt total right now, but focusing on building a financial buffer zone.
  • Suffolk_lass
    Suffolk_lass Posts: 9,353 Forumite
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    I was just wondering why a BT card? I had a look last week and both Barclaycard and Santander are offering 0% balance transfer with no fee for 27 months. Given the fee is anything from 1.5% to 2.9% you could save this fee if the checker on the main site says you are eligible. Just a thought
    Save £12k in 2024 - #2 target is £5000 only £798.34 so far
    OS Grocery Challenge 2024 31.1% spent or £932.98/£3,000 annual
    I also Reverse Meal Plan on that thread and grow much of our own premium price fruit and veg, joining in on the Grow your own thread
    My Debt Free Diary Get a grip Woman
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