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  • FIRST POST
    • snorfing along
    • By snorfing along 26th Jun 13, 3:56 PM
    • 68Posts
    • 158Thanks
    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 4
    • snorfing along
    • By snorfing along 13th Jun 18, 3:58 PM
    • 68 Posts
    • 158 Thanks
    snorfing along
    Good news, I've been approved for a car loan at a great rate so after work i'm heading off to have a look at some cars. I think I know what I want but I want to have a test drive and make sure it's right for me. Do people count a car loan as debt (bad debt)? As without a car I can't get to work so needs must and I've learnt over these last few months that I need something reliable. Hopefully the test drive will go well and i'll be able to pick the car up over the weekend. Another thing off my to do list!
    Barclaycard: 8905 Tesco: 2925
    Total debt: 11,830
    • snorfing along
    • By snorfing along 14th Jun 18, 11:25 AM
    • 68 Posts
    • 158 Thanks
    snorfing along
    Whoop! car chosen and pick up is on Saturday, just got to get through the next couple of days at work and another visit to the vets tonight.


    Just been reading up on the MSE advice on travel money and signed up for a CC which gives the best rate for euro's I was accepted with a whopping 8500 limit which is more than I could ever need, so I might see if I can amend that when it comes


    I think that all the money news I have at the moment until payday except that the pet insurance is taking ages to pay out so I might do a BT to my Barclaycard so I'm not getting charged interest until the money comes through then I can close my NatWest card as well as this tends to mop up overspends when they happen, if I don't have it I can't spend on it!
    Barclaycard: 8905 Tesco: 2925
    Total debt: 11,830
    • snorfing along
    • By snorfing along 15th Jun 18, 3:00 PM
    • 68 Posts
    • 158 Thanks
    snorfing along
    Not MSE but my anxiety levels are through the roof today, I hope it's linked to picking up the car tomorrow but I feel awful. I cannot wait to get home tonight and hopefully it'll subside, it probably doesn't help hat I've not slept very well the last few nights
    Barclaycard: 8905 Tesco: 2925
    Total debt: 11,830
    • beanielou
    • By beanielou 15th Jun 18, 3:14 PM
    • 56,247 Posts
    • 227,457 Thanks
    beanielou
    Not MSE but my anxiety levels are through the roof today, I hope it's linked to picking up the car tomorrow but I feel awful. I cannot wait to get home tonight and hopefully it'll subside, it probably doesn't help hat I've not slept very well the last few nights
    Originally posted by snorfing along
    Hopefully it is just some anxiety about picking up up the new car.
    Poor sleep will not be helping sadly.
    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. MFW 2018. No 144
    • snorfing along
    • By snorfing along 18th Jun 18, 12:41 PM
    • 68 Posts
    • 158 Thanks
    snorfing along
    Thanks Beanie, it feels nice to know that someone's reading my diary.


    My anxiety has lifted but I've had even less sleep this weekend so I feel dreadful today, I think with all the stress we've had this year, I'm starting to feel a bit burnt out. I just need to keep going for another 3 weeks before I can get away and relax.
    I'm really excited about being able to spend quality time with my husband we're both so busy with work during the week that we either spend the weekend doing jobs around the house, rushing about visiting people and running errands or just slumped in front of the TV because we're too tired to do anything else. When we're on holiday it's so nice to have a nice walk together and just chat over dinner or a drink.


    I feel like my CC debt might increase a little over the next couple of months before it starts to go down again, with the old car expenses being so high before I could sell it and having some old trees cut down at home my savings have dwindled to almost nothing and I still have my car insurance and holiday in September to pay for (July holiday spends and costs are covered as is the house insurance - I don't know how we ended up with so many expenses in July I need to figure out a way that I might be able to bring things - back or forwards a month or so without additional expense).
    Also I'm still waiting for my expenses back from work and the pet insurance to pay out. I need to find the time to budget out the rest of the year to make sure that I'm in a better position at the end of the year than I started at - with a better plan going forward
    Barclaycard: 8905 Tesco: 2925
    Total debt: 11,830
    • beanielou
    • By beanielou 18th Jun 18, 5:04 PM
    • 56,247 Posts
    • 227,457 Thanks
    beanielou
    Keep plodding
    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. MFW 2018. No 144
    • snorfing along
    • By snorfing along 19th Jun 18, 12:35 PM
    • 68 Posts
    • 158 Thanks
    snorfing along
    I've decided to get back on e bay to sell some stuff to try and reduce the amount that will go on my credit card - I used to be so good at putting stuff on when I know I would wear an item of clothing again, mainly fancy dress stuff but I've not done it in a long time. So tomorrow I'll sort some items out, take some picture and get this online.


    I'm posting this here so I'm a bit more accountable for doing it - please tell me off if I haven't said I've got some things on my the weekend!!
    Barclaycard: 8905 Tesco: 2925
    Total debt: 11,830
    • beanielou
    • By beanielou 19th Jun 18, 3:05 PM
    • 56,247 Posts
    • 227,457 Thanks
    beanielou
    Happy ebaying
    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. MFW 2018. No 144
    • snorfing along
    • By snorfing along 2nd Jul 18, 12:11 PM
    • 68 Posts
    • 158 Thanks
    snorfing along
    So payday came and went payment were made and everything is up to date, so ready for my holiday now. I can't wait to get away for a couple of weeks and not have to worry about anything.


    Not got anything on e-bay but I'll get on it when I get back from being away, also the bonus I was hoping for is not happening which is majorly disappointing and I'm annoyed about how it has come about but I can't change the outcome
    Barclaycard: 8905 Tesco: 2925
    Total debt: 11,830
    • snorfing along
    • By snorfing along 3rd Jul 18, 3:36 PM
    • 68 Posts
    • 158 Thanks
    snorfing along
    I'm feeling very fed up today, my savings have gone and I've had to pay for my car insurance on the Credit card, I'll pay this off on pay day but I feel like after my careful planning I have nothing to show for it and I it feels like my careful planning at the start of the year is falling apart and I'm going to end up the year with as much owing as I started with (except from it'll be more due to the car loan) I wish I could see more progress also doesn't help that I'm still waiting for a pay-out from the pet insurance but because it's taking so long I'm feeling like there might be an issue and they can't pay out. I've e-mail for an update but just get something generic back and can't get through on the phone when I tried
    Barclaycard: 8905 Tesco: 2925
    Total debt: 11,830
    • beanielou
    • By beanielou 3rd Jul 18, 8:28 PM
    • 56,247 Posts
    • 227,457 Thanks
    beanielou
    Keep plodding
    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. MFW 2018. No 144
    • snorfing along
    • By snorfing along 6th Aug 18, 9:30 AM
    • 68 Posts
    • 158 Thanks
    snorfing along
    Having a bit of a rough time at the moment, but the pet insurance pay out has finally come through so I'm feeling like I'm getting back on top of things a little but after some bad news last week I need a bit of time to get myself together so the plan for the next few months is just make the minimum payments until I can pull myself back together
    Barclaycard: 8905 Tesco: 2925
    Total debt: 11,830
    • MovingForwards
    • By MovingForwards 6th Aug 18, 9:41 AM
    • 198 Posts
    • 271 Thanks
    MovingForwards
    You are doing well and have come so far!

    Life has a habbit of throwing spanners, you will overcome the latest.
    • snorfing along
    • By snorfing along 9th Aug 18, 12:17 PM
    • 68 Posts
    • 158 Thanks
    snorfing along
    So I just wanted to share a little bit of potentially good news I have a telephone interview tomorrow for the job I want so hopefully if I get the job and the salary I want I'll be 550 a month better off which can go towards paying off my debt
    Barclaycard: 8905 Tesco: 2925
    Total debt: 11,830
    • beanielou
    • By beanielou 9th Aug 18, 3:48 PM
    • 56,247 Posts
    • 227,457 Thanks
    beanielou
    Lots of positive vibes for tomorrow
    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. MFW 2018. No 144
    • Purplemumof2
    • By Purplemumof2 9th Aug 18, 3:53 PM
    • 6,314 Posts
    • 23,353 Thanks
    Purplemumof2
    Good luck for your interview tomorrow, you'll smash it x
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: 6060.00 Cap 1: 170.00 BC: TBC

    POAMAYC 2018 #041 PD 6919.86/7000
    Savings for Christmas 273.72/400
    20p Savers 2018 2 Savers 2018 50p Savers 2018 SPC 11 2018 #003
    • ftbwannabe
    • By ftbwannabe 9th Aug 18, 4:02 PM
    • 81 Posts
    • 296 Thanks
    ftbwannabe
    Great news, good luck!
    Debt Free Wannabe since 1st August 18
    saving for deposit 224.79/5000
    CC1: 100.83/8,839.83 | CC2: 79.47/1079.23 | CC3: 182.92/182.92 | CC4 100/2446.33 CC5 0/4280
    Student Loan 1: 83.28/656.92 Student Loan 2: 25.51/808.60
    Total Repayments: 572.01/17,472 | Outstanding Debt: 1689.99
    • snorfing along
    • By snorfing along 13th Aug 18, 9:42 AM
    • 68 Posts
    • 158 Thanks
    snorfing along
    Thank you all so much for the good luck but it needs to go on hold for a few days as the interview didn't happen not sure what went wrong but didn't get a call but fingers crossed that I find out why this week and it the interview happens soon
    Barclaycard: 8905 Tesco: 2925
    Total debt: 11,830
    • tweets
    • By tweets 13th Aug 18, 10:23 AM
    • 29,871 Posts
    • 428,877 Thanks
    tweets
    Just started reading your thread today good luck snorfing along .

    Hope you get the job interview
    Lost 3st-11.5lb
    • snorfing along
    • By snorfing along 17th Aug 18, 3:09 PM
    • 68 Posts
    • 158 Thanks
    snorfing along
    Thanks Tweets, I did have a phone interview on Wednesday and I thought it went quite well but I've not heard back so I guess not


    Hopefully something else will come up soon (trying to stay positive even though I don't feel it at the moment)


    Anyway next Friday is payday so I can make plenty of payments and get back on with paying off the debt
    Barclaycard: 8905 Tesco: 2925
    Total debt: 11,830
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