Friday, 12 June 2015

DEBT UPDATE - JUNE

I'm so late with this month's update. I don't really have any excuses, I am on maternity leave so really should have done it as I have had plenty of time. That said, I have been able to keep myself amused whilst waiting for the baby to come along. The house is clean and the clutter is quickly being dispersed. I am fully prepared for the baby so it is time now to relax (and blog).

This month's figures aren't in any way spectacular, they are only the result of the minimum repayments:-

CC1 - £1,714.08
CC2 - £6,318.25 

TOTAL: £8,032.33

I am a little gutted that I didn't keep my eye on the ball and pay an extra £33 - it would have been ace to have been under £8,000. However, I have made £32.96 profit today with Ebay which I am pleasantly surprised about. I am getting to the stage where I don't have many decent items left to sell and 8 out of the 10 clothing items I listed sold so I am pretty chuffed with that. This profit will go towards my debt along with £1.58 Quidco cashback that I also received this morning. However, I am not sure what debt to put it towards - CC1 is now pretty low and I quite like the idea of clearing that asap, however, a partial balance from CC2 will need to be transferred in October (probably to CC1 otherwise to CC3/4 which currently have nil balances) in which case reducing that as low as possible would make better financial sense. 

As usual I hope your debt repayment is going well! 

Friday, 8 May 2015

DEBT UPDATE - MAY

How is your debt repayment going?

Mine is getting there - this month I owe:-

CC1: £1,739.08
CC2: £6,381.25

TOTAL: £8,120.33

I have been able to pay off £202.77 this month and next month should be under £8,000. My credit cards are still on 0% interest. 

Going forward I will only be in receipt of maternity allowance. At only £139.58 it isn't a huge amount, especially when you have bills to pay but it isn't to be sniffed at and I am grateful for it. I can at least make my minimum repayments (which should be £85 for May). 

The plan for this month and for June is to Ebay what I can. We need the space and I need the money to put on my card. 

Wednesday, 8 April 2015

DEBT UPDATE - APRIL

This month has been a more successful debt repayment story.As I am now working part-time I can't pay as much as I use to but this month I was able to pay off £187.39. My debt is now £8,323.10.

If I carried on paying £187.39 a month, and if I can keep switching my debt around to 0% interest rate cards, I could be debt free in, erm, around 44 months so nearly 4 years.......

I am hoping to clear my debt before then but as I am shortly going to be starting maternity leave it is unlikely that I can accelerate payments for the time being but I have a few ideas which hopefully will generate some money which I will share with you all if they pay off. 

I hope everyone had a nice Easter and that your debt repayment is going well. 

Does anyone have any ideas of generating income from home?