Monday, 28 September 2009


I have banked my pay cheque and it will not clear till Thursday morning but I have decided to update my charts today. I pay off the last of the debt I own on my credit card with this cheque, and that debt relates to the flight tickets I brought this year for my trip home. So it is not old debt that I have been paying off for years.

Next Monday I have an appointment with the nice folk at Her Majesties Revenues and Customs (HMRC), to check my 2008/09 Tax return. I have until the end of October to have the HMRC to assist me, after that I am on my own. Hopefully they will be okay with me to clear my arrears by the end of the month. If not then I can used my Flexi account as it is only for a few weeks.

It is weird how my Tax arrears arn't listed on my Credit Report - seeing how it was due by the 31st of July. The interest charge on the arrears is only 8% which is why I have left it till last.

So it is now all about taxes now - the arrears I own and what I owe for the current year. Still with the Labour government printing money like there is no tomorrow - I guess they need all the help they can get.

Thursday, 24 September 2009


Oops did I say weekly report???

I have been busy - sort of... but I am back and doing okay as far as my finances. I'm still on track with my £5 a day spending and am slowly whitling away at my debt. As far as my monthly goals go - I have cleared my Flexiloan (again) and will clear the final payment on my credit card with my last pay cheque of the month. So all is going very well!!

Other news which I am very pleased about is my credit rating, which I have updated as of the 8th of September, now stands at 999. Which is amazing - as I started this journey with a credit rating of 696 which is "poor" and am now "excellent". According to, "my score is above average - 71% of people have a score lower than excellent".

At the end of this month I will be paying only my tax bill and no debt. I will be technically debt free by by the end of September (and would have paid off my trip back home in December).

Oh well folks only fourteen weeks to go till the end of the year.

Friday, 4 September 2009


That's it, all there is, only seventeen pay cheques left till the end of the year.
Wow that is so scary!
Having written out my spread sheets for the rest of the year, I find that to achieve every thing needed, I will have to follow my payoff plan to the letter. My £5 a day will have to cover all my personal expenses and all spending. It's all going to be very tight from now till the end of the year.
Weekly updates from now on to track my progress.
Goals for the month are:
  • Pay off my Flexiloan (17/09)
  • Clear my credit card (30/09)
  • Totally keep to my £5 a day rule (totally)
After that I will only have my taxes to clear and then what is left will got towards my trip home. Where does the time go because this year has really flown by!