I can’t believe it is April already! The first few months of 2017 have certainly been interesting and my plan to reduce debts as well as have a ‘free’ Christmas could have totally gone to pot. Luckily, it is starting to work out again and I can get back to saving, clearing debts and blogging.
I am saving well. So far I have:
£130 Love2Shop vouchers
£120 Asda vouchers
£19 Morrisons vouchers
I also have money saved on my Nectar card and Advantage card but I’m not going to count those at the minute as they are minimal.
I am really happy with these figures but I definitely need to work on the Morrisons vouchers, last year I had over £70.
I’m still paying off my debts. I am currently working on one that started at £269 and it is now down to £160. I’m really happy with this as I am paying it off with money that I make on eBay. All I need to do now is work hard on selling things on eBay as I have become a bit slow about it since my job changed. My target to get it paid by 28th May is still very much on track.
The plan for April
It’s simple. Get everything on eBay. Make money. Pay debts. And blog!
I mentioned a few posts ago that my main aim this year is to get rid of my debts. I’ve been sitting on these debts for years, slowly plodding along and paying the minimum each month. It’s easy that way and I don’t really have to think about them. But one day I want my own house (the biggest debt I will ever have!) and to get that I have to get rid of my debts.
At the beginning of the year I found out how much I owe in total. It was scary! Over £5000 in debts! And nothing really to show for them.
I know people say get rid of the biggest debt first but that would mean I wouldn’t see any movement for at least six months. So I looked at the debt with the least left. £86. That’s achievable. So I set out to have it paid off by February 28th.
To make the money I need I used TopCashBack; I enjoy shopping online but I enjoy getting cashback more! £25 of savings and eBay. I made enough money even after postage and fees to pay this first debt by 13th February. Two weeks early! I was so happy and it confirmed that I could do this.
My next debt is due to be paid on 28th May and by then it will be £179. I have started collecting sales from eBay again and I have some more cashback I can use. As this is more money than the last one I have decided to pay it off little and often to make sure that I don’t spend the money elsewhere and stay motivated. Today I paid £10 so now it will be £169 by 28th May. Another £14 should be paid in the next few days too when it reaches my account.
The overall plan is to reduce my debt by 50% this year without having to compromise.
Debt one has been paid! And it was 14 days earlier than my target date!
I have spent so much time literally staring at a spreadsheet that shows all of my debts and how they decrease over the year wondering if I can actually hit my targets when, on Sunday, my eBay items sold well enough that I had made enough money to pay my first debt.
Now this debt was £80. Most people will think that’s not a lot of money and would be easy to pay but for me it’s a figure I just didn’t have spare. I generally budget well each month but there is always something that pops up that I wasn’t expecting, this month it was a gymnastics competition entry fee, so there is never really anything spare to put towards my debts. Obviously, I’m paying them off slowly with monthly repayments but I really want them gone quicker than that.
To pay this first debt I used £11 that I made from TopCashBack, £20 savings and the rest was from selling things on eBay. I’m really enjoying this at the moment and it is also encouraging me to have a good clear out. For every one item that ends up on eBay another 5 items are donated to our local charity shop too!
I’m going to keep on top of the clearing and selling as I still have another three debts I would like to get rid of this year. This next one is £179 and I am giving myself until 28th May to earn and save to pay it off. I have confidence that I’ll be able to do it too!
Now it’s just waiting for the letter to arrive that tells me that the debt is settled. That’s a fantastic letter to receive!
Have you found an easier/better way of earning money to save or pay debts? Let me know, I would love to hear your ideas!
This week has been a pretty good one for money saving, earning and blog posting.
I have added another £20 in Love2Shop vouchers this week. I spent two evenings for about 1 hour each time testing the smells of surface cleaner and hand soap. It’s a really easy way of earning vouchers but it’s not guaranteed. I can go months with no invite to test anything then a load turn up at once!
I’ve also added another £3 to my Morrisons savings.
I’m using eBay as the main source of earning money. The money that I make is going towards some debts that I want and need to pay off. This evening I have hit my target to pay my first debt! I’m so happy because I’ve achieved this two weeks earlier than I had planned. I can’t wait to call Barclays in the morning and get rid of that debt once and for all! Now onto the next one. I have 104 days to hit that target which is hopefully more time than I need. I just need to keep on top of the eBay-ing!
I’m really enjoying blogging again and have had loads of views this week so thank you to everyone who has read my blog!!
So this week has been an ok week. Lots of thinking and even more maths to figure out what I need to do to make money, how I am going to distribute it between debts and Christmas and I’ve rediscovered Twitter!
I have saved another £23 towards Christmas this week which is brilliant. Everything is on track.
I have added lots of things to eBay – this is my main way of earning money to pay my debts. We have LOADS of stuff in the house that is just sitting there so why not declutter and make money at the same time.
I’m still on track to pay my first debt off by the 28th February. If eBay goes well this week I may even be able to do it sooner.
Finally, I have rediscovered Twitter and I’m really enjoying posting little bits again.
I’ve got some ideas for future blogs including some ultra cheap work lunch recipes that I can’t wait to share too!
August has come and gone so time for another update!
So far I have:
Love2Shop vouchers – £185.89
Asda vouchers – £275
Compliments vouchers – £40
Morrisons vouchers – £55
Boots points – £12
Nectar points – £22
This month I should increase my Asda savings to the £300 mark – I really want around £400 for the Christmas shop. I am also due a £5 Morrisons More voucher this month and my Bounts are adding up even if I have had a rather lazy month!
Christmas present wise, my Niece’s is now complete, I have a good list going on of what else I need to get so now the kids are back at school its all go!
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