Another money talk

Hey y’all

It’s been a couple of days since my candid talk about my credit score.

My goal as I said is to clear my debt of about £4000.I have done a bit of thinking and I have decided I will be using the snowball method by Dave Ramsey;attack the lowest debt first.

At the moment,I have a debt of £580.85 with lowell I’m planning to get rid of so I’ve set up and a direct debit for the next 6 months to pay off about £10 a week till it’s all cleared and move on to the next debt.

I have inserted an image below(not mine)to give you an understanding of what I mean here.

I will keep you posted as usual.

Ps-this blog is an extension of my YouTube so I will sharing things on here that reflects what’s on my YouTube channel.

Till my next post ,jump on my YouTube to watch this video about money.

https://youtu.be/-XYhnl3nYhk

Tilly.x

The credit score

I’ve spent the last few years watching my credit score fluctuate and it has brought several emotions mostly brief sadness and anxiety,loll…😂

The feeling it reminds me of,is seeing your investment or stock value drop significantly(only investors will understand this)It’s really not for the weak.

If you are reading this and still experience these emotions,I admonish you to be strong and develop a very neutral attitude towards it.After all,it’s not the end of the world and as they say now, “it is what it is”.

Now,here’s what I want to commit to this year;becoming debt free which means paying off EVERYTHING I owe(currently around £4000),of course excluding my student loan debt with SFE.

I know,that for some or most people in their 30’s reading this,£4000 is nothing and you wish you had that much little debt but to me that’s like £400,000 and I don’t like it.

I say this because I almost never owe anyone except my sister and my phone company.It literally takes me prayerful consideration before I even attempt to borrow anything especially money from people.I’ve always believed that the borrower is a slave to the lender and I generally don’t like feeling indebted to anyone so I really try my best but life happens and we gather some dust along the journey.

Also,I’ve only ever had one credit card which was under £600 in my early twenties.I must add that,I mismanaged it as you would expect and ended up spending the last few years paying for it.Yes,years,because the debt kept increasing.Don’t ask me how!

A lot of people are misinformed about credit cards and are misled to believe that they are a curse but they are actually a great source of credit builder and actually a blessing once used correctly.

I mention credit cards because I plan to get one after clearing my debt,hopefully before December 2021 and getting one for myself so that I can build my credit as my credit utilisation is pretty low right now.

PS,if you have no clue what credit utilisation is,check Credit Karma(previously called noddle) or ClearScore or Experian or Google😀

Credit building will require a lot of attention to your spending,prioritisation of needs and spending in general,timely payments of bills etc so don’t start it you are not ready to discipline yourself now for the sake of your future.

I will end this here for now as I realise this is getting a little long but I will show you some of the images of my credit score I have tracked over time to give you a better perspective of what I’ve just shared.

So I shall you in the next one,hopefully✌🏾❤️

Tilly.x

Happy 2021

Hey guys

It’s been a while since I blogged but I thought I’d get back on this and make myself accountable.

2020 was something.I’m not sure how to feel about it even now but I always try to give thanks when I remember some of the wonderful things God did.

One of my NYR for 2021 was to blog(write) more and create more content on YouTube and Instagram.

For this year,I really want to focus on money as I’ve had many challenges with money especially in the last year.

More of the talk will be on saving,investing and developing decent budgeting and money habits in general.

I’m hoping more of you can join me as I embark on improving my credit score this year and my finances in general.

I will leave this here and prep to draft my next content for here and my other platforms.

Thanks for reading as always and hope you enjoy this year and the best of what it has to offer.

😘