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  • FIRST POST
    • snorfing along
    • By snorfing along 26th Jun 13, 3:56 PM
    • 44Posts
    • 102Thanks
    snorfing along
    The dreaded D word
    • #1
    • 26th Jun 13, 3:56 PM
    The dreaded D word 26th Jun 13 at 3:56 PM
    It's time that i started to tackle the debt that i have run up on a few credit cards and a loan, which now totals about 13,000. I meet at least the mimimum payments and i have never missed a payment or incured any fees or charges and it is broken down as below:

    Natwest CC (0%): 450.33
    Barclaycard CC (0%): 5190.00
    Tesco CC (0%): 1200.00
    M&S CC (0%): 1200.00
    Santander Car Loan (9.9%): 5048.00

    I have decided to sell my car and pay off my car loan and then with any remaining cash buy a cheap run around (Hopefully i can get about 6,500 for my car and spend 1,000 on a new one so i will have another 500 to pay off). Also i am changing job in the next few weeks so i should be paid for my un-used holidays, which should be about 600 after tax and N.I.

    After all that i will probable have in the region of about 7,000 left to pay off. I usually pay off 315 a month, (at the moment this includes the loan for my car) and i will be getting a pay increase at my new job so i should have an additional 80 a month to pay off, so by this time next year i should have hopefully paid off 4812 leaving me with just 2100 left to pay off, which i might be able to clear 1000 of that by paying off a little extra and a bonus from work, fingers crossed i can stick to this now, I do have my best friends wedding to attend next year so that will mean a new dress, night in a hotel and a present but i'll try put money asside for that in the new year.

    Can anybody offer me any additional advice or see any holes in my plan? It's seems quite easy now i have written it all down but i'm sure in reality it will be a bit more difficult to stick to
    Last edited by snorfing along; 26-06-2013 at 4:16 PM.
Page 3
    • beanielou
    • By beanielou 11th May 18, 1:43 PM
    • 53,979 Posts
    • 213,896 Thanks
    beanielou
    I am totally skint at the moment too.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • Dorisd
    • By Dorisd 11th May 18, 4:37 PM
    • 13 Posts
    • 39 Thanks
    Dorisd
    Keep your chin up and book the mot, it is hard I know but keep the end goal in sight. Cheering you on from the sidelines
    MARCH 18 30,323.72 APRIL 30,155.32

    DFD March 2022
    • snorfing along
    • By snorfing along 15th May 18, 1:02 PM
    • 44 Posts
    • 102 Thanks
    snorfing along
    Thank you for the support, down to the last lonely pound in the bank account (I have food and petrol money set aside) it's going to be a loooong 11 days till pay day
    Barclaycard: 8970 Tesco: 2995 Yorkshire Bank: 35
    Total debt: 12,000

    Weight loss journey - 5/13lbs
    • Working Mum
    • By Working Mum 15th May 18, 1:26 PM
    • 79 Posts
    • 359 Thanks
    Working Mum
    It is always so hard when you're in this limbo land and motivation is low.

    I tend to have a scout round at home to see if there is anything I can make/change around/de-clutter/weed when i am in these moments - diverting my attention seems to help me pass the time away. I think it is a way of identifying what my emotional triggers are for spending - taking a step back and slowing right down definitely helps me get things in perspective and allows me to rest so I am ready for the continued marathon I am on!

    You are doing really well and you should be proud of how far you've come.

    ((hugs))

    WM x
    • natsplatnat
    • By natsplatnat 15th May 18, 4:03 PM
    • 2,795 Posts
    • 2,478 Thanks
    natsplatnat
    I second WM... in days of either not having the money to spend, or just not wanting to spend I kinda challenge myself (and therefore OH & DSS) to see what we can achieve without spending. Sometimes we've fallen upon tickets to a free day out, or its been as simple as we can't go out, lets clear out.... the cupboard under the stairs, airing cupboard, loft etc, or at this time of year the shed / clean the BBQ etc. Even managed to find some spare paint in a cupboard once, so ended up sprucing up the bathroom... all for no expenditure.
    You can do this! It is not forever x
    LBM ,- Wed 19th Nov 2008 21,225 PAID OFF
    *DEBT FREE 28th September 2015*
    *2017 cashback pending 175.35, paid ??*
    (2011=137.30, 12=66.39, 13=102.61, 14=214.97, 15=159.51 16=213.05) 17= to be calculated
    Pro.Ac 23.81 + 126.19 paid
    SAVINGS TO CLEAR STUDENT LOAN 0.00 (528.56 paid off)

    • snorfing along
    • By snorfing along 17th May 18, 3:48 PM
    • 44 Posts
    • 102 Thanks
    snorfing along
    Just over a week to go till payday but this week has been the longest one ever, I'll be happy just to make it to Saturday. The car is almost dead so I need to get a new one (not brand new - just new to me) so I need to do some serious number crunching as anything I borrow will decrease the amount we can borrow on a new mortgage if we ever sell our house but I need something decent that'll get me to work and back (60 miles a day) and won't need anything doing to it for a few years. Also my dogs op seems to go well but he been bleeding a bit today so as soon as I get home I need to get him to his vets appointment so they can check him over.


    My sleep gage is very low Sunday night and Tuesday night I got a couple of hours and I'm really feeling it today and a busy weekend ahead seeing friends and hopefully I'll get chance to have a look at some cars - even if it's just to narrow down what it is I want and potentially what that will cost.


    On the good side I'm going to a conference in London next week so work will put me up in a hotel and feed me for a couple of days, which will save me spending any of my own money (not that there's much to spend)
    Barclaycard: 8970 Tesco: 2995 Yorkshire Bank: 35
    Total debt: 12,000

    Weight loss journey - 5/13lbs
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