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Old Jan 2nd, 2014, 13:52 PM   1
aimee-lou
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Debt Payers and Savers Support group


Hi all,

Seeing as a number of people seem to share my will to pay off my debts and make some savings, I thought I'd start a group for us to help each other out.

Introduce yourselves and I'll pop your name on the list below along with your most pertinent goal - let me know in your post what you want to target first - and when you achieve it I'll update with stars and banners!

Good luck everyone

DEBT PAYERS & SAVERS

aimee-lou: Save 850 by 1.9.14
JChihuahua: Save 1000 & Pay off 500 by 1.1.15
weewdy: Save 1000 by 4.6.14
Blah11: Save 1200 by 20.6.14 - ***Increased to 1600***
wishuwerehere: Save 600 by 1.9.14 and 100 by Christmas
QueenMummyToBe: Pay off 7k by 2015
catty: Save 1000 by 1.1.15
Zizzle: Save 6k by 2015
highhopes19: Pay off 725 and Save 500 by 1.1.15
Natasha2605: Pay off 1300 ASAP
lau86: Pay off 2k in 2014
tasha41: Pay off $900 ASAP
amazed: Save 1000 in pot of dreams
babycrazy1706: Save 1000 by 31/8/14
Pingu:Pay off 1500 by 01/12/2014 and save 4000 by 31/12/2014



 
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Old Jan 2nd, 2014, 13:59 PM   2
aimee-lou
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My name is Aimee, I have 3 boys. Hubby is a student, and we live in the tiniest 2 bed house of the planet (at least it's cheap! lol)

We currently have 0 savings, and about 350 of debts - none of any great consequence but annoying!

I have a number of goals. First is to pay off those debts as soon as I can this year - aiming to have them all gone by March.
Savings wise I have 2
- 1 is to save up spending money for our holiday in June. It's 2 weeks in Cornwall, so aiming for 50 a day, so 700.
- 2 is to save 850 by September. That's 1 month of bills, and would give us a 'buffer' should anything happen, break, not come through etc etc. It's the minimum I would want in my savings, and I've given myself 8 months to raise is (target date 1.9.14). Hubby starts his PGCE and Earl at full time school then, so it's important we're settled and sound by then.



 
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Old Jan 2nd, 2014, 14:07 PM   3
Jchihuahua
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Hi,

I have LOADS of debts. I have ahuge loan that I had to take out because of circumstances beyond my control a few years ago and also money on credit cards and catalogues and an overdraft. I am really struggling to pay it all off and even though I earn a good wage most of it goes on paying things off so I feel like I never have any money. I am on maternity leave at the moment so can't do anything until I am back on full pay (I go back to work in March so my first full pay will be April).

Once I am back on full pay I want to clear at least 75 a month plus the interest on my credit card and put 150 into a savings account so by the end of this year I'll have around 1300 in savings.



 
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Old Jan 2nd, 2014, 14:20 PM   4
aimee-lou
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Hi JC - How are your 3?

What would you like me to put as your goal(s)?

I know how you feel. Hubby and I took out loans and overdrafts (added up to about 12k I think) and had finance on a couple of things. Our finances went completely out of the window for a good time. I'm not saying we're out of the woods (paid off a lot of them but still some left behind the scenes) but I'm prioritising the smallest and most recent as they're doable.



 
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Old Jan 2nd, 2014, 14:32 PM   5
weewdy
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Hi

I am seriously going to start saving this year. I plan on working out my spending, food,bills petrol etc and see how much i can save every month. I plan on setting up a direct debit to come out of my account on payday into a savings account. I do have 6000 in savings which i will be using some of this year to buy a caravan. Also its mine and oh 30th birthday in june/july. So my first savings goal is 1000 for 04/06. Also want to save 500 for 01/12 for christmas. Lastly depending on how i stick to it we would like to go a family holiday in september so probably need around 2000 for that.

I already have an emergency account with 500 in (car bills, new appliances etc). Do you think i should set up an account for christmas money and one for holiday?
Last year i saved christmas money using one of those savings tins but my oh didnt like having that amount of money in house.



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Old Jan 2nd, 2014, 14:41 PM   6
Jchihuahua
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Quote:
Originally Posted by aimee-lou View Post
Hi JC - How are your 3?

What would you like me to put as your goal(s)?

I know how you feel. Hubby and I took out loans and overdrafts (added up to about 12k I think) and had finance on a couple of things. Our finances went completely out of the window for a good time. I'm not saying we're out of the woods (paid off a lot of them but still some left behind the scenes) but I'm prioritising the smallest and most recent as they're doable.
We're all good thanks. I hope your boys all had a fab christmas .

For my goals I think
1. save at least 1000 by 1.1.15
2. Pay off at least 500 on my credit card (and not put anything else on it) by 1.1.15



 
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Old Jan 2nd, 2014, 15:08 PM   7
QueenMummyToBe
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Hey I'm Ashleigh, have 3 beautiful children under 5.

I am hoping to pay off around 7000 of debt this year (angry with myself for letting it build up)
Money is going to be super tight until it is all paid off but I just think if we have a frugal year from then on we can save save save.
Hubby doesn't have the best health (has arthritis & ankolosing spondylitis) so it will be good for us to have a fair bit of savings incase he needs time off work in the future.

xxxx



 
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Old Jan 2nd, 2014, 15:13 PM   8
aimee-lou
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Updated

JC - Yes thanks we all had a fabby Christmas. Sad it's over but this year is going to be exciting (holiday, 2 weddings, 3 new babies in the family not to mention school starting lol) so I'm trying to hit the ground running lol

weewdy - I'm trying to minimise the number of savings accounts I have. I have 1 attached to each of my bank accounts (mainly for 'moving' money about as we get hubby's student loan 3 times a year so it's been feast or famine otherwise lol) and 1 for the boys with the post office, and an extra one which is entitled savings on my internet banking. I have a spreadsheet which shows everything going in or out and it also has little colour block charts where I can see what I've put aside in that savings accounts for which goal. It makes sense to me to do it this way (otherwise I'd have too many accounts - I already have 6 plus 3 child trust funds/junior isas to worry about lol - but if you think having seperate accounts would help, my bank lets me set them up online instantly so they're easy enough to set up nowadays



 
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Old Jan 2nd, 2014, 15:14 PM   9
aimee-lou
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Quote:
Originally Posted by QueenMummyToBe View Post
Hey I'm Ashleigh, have 3 beautiful children under 5.

I am hoping to pay off around 7000 of debt this year (angry with myself for letting it build up)
Money is going to be super tight until it is all paid off but I just think if we have a frugal year from then on we can save save save.
Hubby doesn't have the best health (has arthritis & ankolosing spondylitis) so it will be good for us to have a fair bit of savings incase he needs time off work in the future.

xxxx
Is your target 7k by 2015?



 
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Old Jan 2nd, 2014, 15:27 PM   10
Blah11
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Hello!


I have saved 950 so far, want to save another 1200 by 20/6/14



 
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