23rd August 2019

These posts were originally posted on the MoneySavingForums (a UK money management site), I am moving my journals across to WordPress to have them in chronological order. I’m not sure how much of other people’s words I’m allowed to copy across from one site to another, so in some sections I may summarise conversations.

Hi all

Quiet few days, although only one NSD

I’ve confused myself a little with a spare £15 I had, moving it round accounts too many times before all my standinf order filtered through and I’ve lost track of it – tempted to just leave it as is at this point

It was spare in my account at the end of last week. I didnt put it onto a credit card immediately because my new “social spends” standing order hadnt processed yet. Then I used it, and then some. So now I’m like, do I take money from my social to put into the weekly spends to cover what I spent? Or do I just ignore it and take the extra £15? I already put plenty onto my CC. But every little helps…

According to my little colour chart I’m 15% of the way to paying off my debts (debt figure as of 12/08/19)

I’m a bit concerned about MSE latest email newsletter saying credit card 0% periods are dropping. My plan was to pay off two cards then in the new year balance transfer, but the email suggested that’s it better to transfer sooner… I dont know what to make of that.

As of 23/08/19 my debts are:
Red Card £359.01
Black Card £981.47 (the direct debit for it hasn’t processed yet this month)
Argos Card £59.94
Total £1400.42

As of 23/08/19 my savings are:
H2B ISA £399.81
Emergency Savings £750
Xmas Savings £80
Total £1229.81

In response to a question about my credit cards and when the balance transfer deals might expire

My Red Santander card was expiring in January – I’m not sure when the Black Santander card is expiring. Because I was going to transfer them together I just picked the shortest date. I’ll have the red card paid off by then though.

I’m not officially using YNAB, just trying to absorb some of thier advice and lessons. I am thinking about getting it, but I dont know if I want to spend a monthly fee when I seem to be doing ok so far alone. I also wonder if it’s a bit like when you go to weight watchers and all they do is teach you how to buy weight watchers products, they dont teach you any techniques to manage it alone.

I’m close to being debt neutral but some of my savings I couldn’t use/don’t want to use to pay off debts – for example my H2B ISA.

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