My sealed tin has not seen much action over the past few weeks as I’ve not been spending cash – no cash = no money to put into the tin. I'm not tracking what goes in but I did weigh the tin and it was 7.1kgs - I'll weigh it again in a couple of weeks. OK the notes won't register but as its mainly coinage - I'm hoping for £1,500 when its opened. In the tin today 1 £5, 3 £2, 3 £1, 3 50p, 3 20p, 1 2p, 3 1p - this lot weighed 120g.
So I have made a decision to draw out £50 cash each, any change and fivers will go into the tin and any £10 or £20 notes will go towards building up the emergency fund. So it’s a win win all round.I did get three £2 coins and a fiver this week.
DaddyHen did the sums and transferred the balance from CC#3 to CC#2 and paid off the small amount remaining on CC#2. Yippee he’s gone from having three cards to one – this card has the lowest interest; yes the balance has gone back over the £10k mark but with 0% on the balance transfer and the £1,000 (after snowballing) minimum being paid each month CC#2 will be paid off by beginning of February – sooner if there’s any spare cash.
We plan to clear out the loft during May – any items that can be sold will be and the money put towards clearing these cards.
How are your plans to save money and be debt free going?