Debt free (well, in control)

[agnes]

WOOOOOOOP!

Just fancy posting this as today I now have a full grip on all of my finances, paid off a ton of stuff today to finish things off and also cancelled a ton of minor DD's that were no longer needed.

a lot of painful cancellation fees, late payment fees ect ect in the past 12 months. a lot of nights in saving pennies but my god does it feel good right now. I know what goes in and what goes out. Anything out of shape and I am on it like a fly to ****.

Not much in this thread other than 'Cool story bro' but after a financial thread I made a while back regarding a spreadsheet, I just want to wish everyone doing the same with their finances the best of luck.

It may seem like you really are in the 'doo doo' but keep at it...

I'M FREEEEEEEEEEEEEEE! Haha, sorry, just overly happy

 

[agnes]

Nice one I pay off the last of my student debt this month, all 10k of it

Offshore bonus is going to good use this time instead of holidays and toys

KaHn

Well done chap! Great feeling isn't it, so much weight off

 

[agnes]

Good Good.

Minor DDs.... I purchased a Macbook some 3 or 4 years ago from PC world. A few years later the HDD packed in. Never got round to fixing it so sold it dirt cheap.

Just last year I noticed a DD payment being made out to a PC world. Found out I opted for the insurance. You can imagine how annoyed I was.

Cancelled now though. More pennies in the bank

It is indeed silly things like this, I think in total, I had around 9 minor payments spread all over the month which were always buried amongst the usual day to day purchases. Most of them 12 month subscriptions to things like magazines, discount things ect ect. They had just been renewing for ages. The total was around £130 a month coming out!!! It was relentless!

 

[agnes]

I used to be soooo bad at spending money

I still stick by my 2 account system

First account is a IAS, which my employer pays my wage to. All of my DD's come out of this account. Every single one.

Second account is a Current account, a £250 SO on a monthly basis is setup from the first account. This is my spending money.

Before hand, DD's would come out of just my current account until I decided to take control about a year ago.

The best thing about this is anything coming from the second account is purely me spending money. Anything from the first is DD which has had to be setup. It allows me to clearly see what is going on. And helps me save tons of money due to me checking my balance on a night out and only seeing like £30 in the second account at the end of the month. Whilst in reality I have all my money in the first.

Also allows me to see exactly what is coming out without hitting a wall of text of micro purchases on the card.

If that makes sense?

It works!