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.
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.
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.
Current debt level
Total – £5927.62
Now for the shoot me part. I got an extension on my overdraft last month as i was really struggling. I had 3 weeks left until pay day and had maxed the overdraft out. It went from £300 to £750… i have 3 weeks left until pay day and i have a current balance of -£542.
I hadnt planned to spend that much money and get too far into the overdraft but had to trear my other half as he has helped me so much. In 6 months i had not paid for a night out drinking or even a meal so i did pay a couple of times. Now i need to stop.
I have never counted the overdraft towards my debt level as it barely costed me anything to use it but now it does. If i go to 750 every month i will pay almost £20 for thrle priviledge.
My hours are short in August so wages will be down. I am concentrating more on the credit card debt but I have come to the realisation I cant help but buy things and buy things I dont need or want. I buy rubbish or take money out to go drinking with. This NEEDS to stop.
I need cc2 paid off ASAP and I hope by August 2019. Loan paid off April 2018 and cc1 paid off by December 2020. I want tp be debt free before Im 31.
Friends ask why does the boyfriend not move in, we have been together 6 months. Neither of us are in a rush, we have both done the relationships where they go south after you rush so we will move in together when we are ready. Yes it would help me get out of debt quicker and would financially be better for me but that cannot be the basis of a relationship. It will happen when it happens and in the meantime i have an awesome guy who keeps yelling at me when i buy something as he knows i shouldnt be spending.
So as of the 4th June 2017 I have no food in the house so I will use more of my overdraft for food but that is is. Keep it as low as possible and shop at Aldi.
Other than food I am not going to buy anything for 3 weeks….realistic target and if achievable it will get extended.