Monthly update

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Overdraft increase aside (and I only put that aside as it doesn’t really cost much to use it) my debt level is slowly decreasing.

9 more payments on my loan and then I will be a bit better off every month and hopefully then the debt will decrease quicker.

 

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I have to say I’m actually a lot less stressed now, seeing that my debt levels are decreasing. They aren’t decreasing as much as I would like but every month I see the total going down.

What I need to focus on is CC2 and getting that level down. I need to buy the other half’s birthday present, concert tickets, so I will need to buy them in August, and they will need to go on the card, but that’s not a lot of money. Then I will be cutting the card up, I won’t be making any more excuses and keeping it “just in case of emergencies”, because I know I will spend on it.

I can safely say I am very slowly getting there, and so much so my credit has increased too.

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I am hoping that we get a bonus at work after the company financial year end, as was stated by one of the partners last year, but we don’t know what we would get and I can’t rely on a possible bonus, but that would significantly help.

Fingers crossed for a good bonus, even £50 would help.

Progress, joy and success

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It is the first of the month so all debts are paid again, there is some interest to be added to to the credit cards before the monthly final balance but I am very happy, and might I add, very proud that finally my debt level is under £6000.

I have estimated the interested based on the previous months interest, and the info on the two credit cards websites and in total my debt level should come to approximately £5977. I am so proud to have gotten to that goal. My next goal ia £5000. This one may be tough. With impending TPD regulation enforcement I need to buy supplies to make my own eliquid…. this comes to a grand total of £88 which I will need to buy at the start of June.

Do you want to hear the downside? I can’t afford it so it will be going on the credit card. The upside to this is it will be enough to make 2.5ltr of liquid which will be enough for a long time, approximately 2 years. That means I wont need to spend the £30-60 a month on liquid. Spending money to save money.

So target wise, it’s now to get debt to £5000 by Christmas.

On 1st January 2018 I will owe less than £5000. Theoretically I should be able to do it by November but I want the security there in case anything happens.

I have to say, for the first time in a long time I’m feeling happy about my money and debt levels, rather than constantly worrying and my anxiety always being heightened due to it.

Yes I am still broke and have no money for nights out etc. But I would rather get my finances sorted so that by October 2019 I will have only 1 debt left and that credit card will end up being paid off in no time.