Sunday, 25 January 2015

Getting Flexiable With Money

I am almost there!! As I stated in my last blog, I decided to sell most of my shares and use that money to help clear my Flexiloan account and then close it. And so last Wednesday I jumped online during a fee reduction period and sold the share for £1,900.00 which was a profit of about £700. Not something to be sniffed at as far as I am concerned. It is my first venture into share dealing and I only wish I had brought a whole load more at the start of the venture. Hind sight and all that good stuff. Anyway my Flexiloan is now down to under a thousand and I want to clear that using my Emergency Fund but will hold off until Monday as I don't want to risk having almost no cash in the account should anything problems arise.
Once that is all complete I will be left with my final unsecure loan account which I plan to clear by early February 2015. Then I can say I am totally debt free!! But only until I get my mortgage which should be around October 2015. Between now and then I am going to try and but as much as I can into both my savings account (for my proper Emergency Fund) and my mortgage deposit saving.
Is it me or is it really hard work to keep on the straight and narrow when trying to stick to a budget when clearing debt? I want to get debt free asap but still buy stuff (and I do need what I am buying) well some of it at least. I don't know if buying the next book in a series counts as needed?

Moving On Time Again

I am just back from a weekend away visiting my godchildren. As always I had a great time and spent too much money - nothing was budgeted, as the visit was a last minute decision. Last Tuesday I found out that my job would come to an end the following day. This was not totally unexpected.
During the Christmas holidays I had, had to cancel my Christmas visit to see my godchildren due to my job. So decided on the Wednesday that I would go and visit the children while I could, using my Emergency Fund to pay for all my purchases and then spend the last week of January finding my next job.
This will mean I am a week behind my February budget and will not be debt free until early March. Also I will need to repay my Emergency Fund. Of cause this all depends on my getting a job within in the next seven days. It is very do able but not guaranteed.
My main financial goal for January is to pay my taxes and this is still on-track. My expenses are all up to date and I have funds to cover my first week or so of expenses for February.
My lovely friends are all being so helpful with possible job contacts. So I am very blessed!
Lets see what Monday has to offer.....