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Goal Update etc

July 19th, 2015 at 09:02 am

I realised I haven't posted about my goals recently.

As of today, I have 227.40 in my Emergency Fund. This means that I have to add 122.60 to reach my goal of 350.

Credit card debt is sitting at 4635.22. Bank of Scotland is almost under 3k, sitting at 3006.13. If I get accepted for Nationwide's new credit card, which is offering me 0% on balance transfers for 26 months I think, I will transfer about 1000 I think.

Bank of Scotland's minimum payment is now at 56.xx. If I do get accepted for Nationwide, I will ideally work out a payment plan to get it paid off within the interest-free period (Ideally, Tesco too but I've only been paying the minimum, or just a bit more, to that)

Catalogue debt is slowly decreasing too. Minimum payment is still in the hundreds though, currently at 133.xx. At its highest I'm sure it was 180, maybe closer to 190. I am also working on paying off J's cot and mattress.

Come December though the BNPL items I couldn't afford to pay off will be added. I'm not looking forward to that, although with my extra payments it won't be as bad.

I think I'm pretty close to achieving my snowflakes goal of 150, so I may have made that too low. However, having the first three months of the year off definetly helped that.

I bought SG a new top, two pairs of leggings and slippers in the sale yesterday. That was less than ten pounds in total. She absolutely loves them, although I will now have to get another pair of slippers for nursery since these are her only pair in her new size.

Posted in Goals, EF, snowflakes | 7 Comments »

7 Responses to “Goal Update etc”

  1. VS_ozgirl Says:
    July 19th, 2015 at 12:15 pm 1437304547
    1437304547

    You're doing wonderfully, keep chugging away!

  2. creditcardfree Says:
    July 19th, 2015 at 01:11 pm 1437307898
    1437307898

    What is your reasoning behind only transferring 1000 if you get the Nationwide card?

  3. scottish girl Says:
    July 19th, 2015 at 01:37 pm 1437309433
    1437309433

    I haven't given it a lot of thought, to be honest. I'm not expecting them to give me a 3k credit limit if I do get it, but I suppose I should transfer as much as possible.

  4. creditcardfree Says:
    July 19th, 2015 at 02:14 pm 1437311667
    1437311667

    You'll know more if you get the card and know the credit limit. I personally would transfer as much as possible to get that low rate. Even if you can pay it all of in 24 months, all that money transferred isn't being charged interest for that time.

  5. scottish girl Says:
    July 19th, 2015 at 03:24 pm 1437315870
    1437315870

    I think I will do that.

  6. CB in the City Says:
    July 19th, 2015 at 03:47 pm 1437317228
    1437317228

    Sounds like you are making good progress!

  7. creditcardfree Says:
    July 19th, 2015 at 07:24 pm 1437330240
    1437330240

    You are doing a great job! Your habits of saving are going to do you well over time.

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