Learning to budget to make future adventures happen

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  • crunch_time
    crunch_time Posts: 1,353 Forumite
    Just had credit card statement through the door.

    £50 min payment has hit. Reduced down from £1096 to £1041 ( I wrote it wrong it should have been £1091 originally.

    Signature updated.!!
    19/8/19 vs now Current Total debt £14,188 Savings £2757
    Overdraft £1600 vs £1050
    HSBC1 £1900 vs £3868
    HSBC2 £4100 vs £3730
    Virgin 1 £3050 vs £2800
    House stuff and improvements £4460 Virgin 2 £2740
  • MistyMountainTop
    MistyMountainTop Posts: 682 Forumite
    First Anniversary Photogenic Combo Breaker First Post
    I've just caught up with your new diary and am here to subscribe!

    You said you were using a trial of YNAB, when the trial is done do you have to pay monthly to use it?
  • crunch_time
    crunch_time Posts: 1,353 Forumite
    MistyMountainTop wrote: »
    I've just caught up with your new diary and am here to subscribe!

    You said you were using a trial of YNAB, when the trial is done do you have to pay monthly to use it?

    Aw thanks MistyMountainTop! With regards to YNAB yes I think you can pay monthly. I will need to factor that into my next budget!
    19/8/19 vs now Current Total debt £14,188 Savings £2757
    Overdraft £1600 vs £1050
    HSBC1 £1900 vs £3868
    HSBC2 £4100 vs £3730
    Virgin 1 £3050 vs £2800
    House stuff and improvements £4460 Virgin 2 £2740
  • crunch_time
    crunch_time Posts: 1,353 Forumite
    Good Afternoon all!

    I've been using some of the 'money available for debt overpayments' to round down some numbers....

    Loan was £11,325 but is now £11,300!!


    0% credit card was £1041 and is now £1000

    My credit card was £1275 but is now £1269 thanks to one of my online savings accounts having £6 in it just sitting there...doing nothing. SO I have out it to good use.

    Its so nice to think that this is the last time I shall be paying it off!

    I'm thinking about using my ISA savings (£350) to pay it off so I'm completely debt free before my birthday in early December...... It would mean soooooo much to have absolutely nothing in my name.

    What do you lovely folks reckon?

    Crunchy xx
    19/8/19 vs now Current Total debt £14,188 Savings £2757
    Overdraft £1600 vs £1050
    HSBC1 £1900 vs £3868
    HSBC2 £4100 vs £3730
    Virgin 1 £3050 vs £2800
    House stuff and improvements £4460 Virgin 2 £2740
  • Seasidegal58
    Seasidegal58 Posts: 5,677 Forumite
    First Anniversary Name Dropper First Post Photogenic
    crunch_time wrote: »
    With regards to YNAB yes I think you can pay monthly. I will need to factor that into my next budget!

    Oh gawd so will I now!

    Re paying off your your CC with your ISA savings - well you're probably getting an awful interest rate on you ISA so there is that. But have you got an emergency fund in place yet?
    Finally Debt Free! - July 2016 🌟
    Finished Emergency Fund- £10,000 April 2017
    🌟
    RETIRED: MAY 2021!!!!😀🎆
    My diary: “Seasidegal's Scrimpy Retirement Diary!”
  • crunch_time
    crunch_time Posts: 1,353 Forumite
    Seasidegal58 wrote: »
    Oh gawd so will I now!

    Re paying off your your CC with your ISA savings - well you're probably getting an awful interest rate on you ISA so there is that. But have you got an emergency fund in place yet?

    We have £350 in husbands ISA which will suffice for now. I will aim to top it up for £500 next month.

    xx
    19/8/19 vs now Current Total debt £14,188 Savings £2757
    Overdraft £1600 vs £1050
    HSBC1 £1900 vs £3868
    HSBC2 £4100 vs £3730
    Virgin 1 £3050 vs £2800
    House stuff and improvements £4460 Virgin 2 £2740
  • crunch_time
    crunch_time Posts: 1,353 Forumite
    Good evening diary!

    Just checked the bank balances and the cheques haven't cleared yet. Hopefully tomorrow I will be able to pay my childcare bill and some money off my credit card.

    I have great news! Our new mortgage company has written to say that our first payment wont come out until the 1st December so £600 just paid off my credit card! Just £669 to go and then I'm CLOSING IT DOWN!!!!!!

    Crunch
    19/8/19 vs now Current Total debt £14,188 Savings £2757
    Overdraft £1600 vs £1050
    HSBC1 £1900 vs £3868
    HSBC2 £4100 vs £3730
    Virgin 1 £3050 vs £2800
    House stuff and improvements £4460 Virgin 2 £2740
  • Seasidegal58
    Seasidegal58 Posts: 5,677 Forumite
    First Anniversary Name Dropper First Post Photogenic
    Great news crunchy!
    Finally Debt Free! - July 2016 🌟
    Finished Emergency Fund- £10,000 April 2017
    🌟
    RETIRED: MAY 2021!!!!😀🎆
    My diary: “Seasidegal's Scrimpy Retirement Diary!”
  • MistyMountainTop
    MistyMountainTop Posts: 682 Forumite
    First Anniversary Photogenic Combo Breaker First Post
    That's brilliant news!!! :j
  • crunch_time
    crunch_time Posts: 1,353 Forumite
    Evening all

    So are we all bracing ourselves for a 'Trumpocalypse' then?

    Childcare bill paid.

    Enough left over to get the credit card down to £534.

    Haven't decided what to do yet with the £350 ISA money. There is no hurry. I get paid next Friday so shall give myself a week to make my decision.

    Crunchy x
    19/8/19 vs now Current Total debt £14,188 Savings £2757
    Overdraft £1600 vs £1050
    HSBC1 £1900 vs £3868
    HSBC2 £4100 vs £3730
    Virgin 1 £3050 vs £2800
    House stuff and improvements £4460 Virgin 2 £2740
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