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  • FIRST POST
    • scotdebs
    • By scotdebs 20th Jan 16, 5:40 PM
    • 559Posts
    • 3,097Thanks
    scotdebs
    It's all fun and games until ...........
    • #1
    • 20th Jan 16, 5:40 PM
    It's all fun and games until ........... 20th Jan 16 at 5:40 PM
    You are faced with the possibility of losing your job Having lost count of the LBMs and diaries started its probably best to start with a quick recap using my guide of How to Get Yourself in Debt

    Step 1 - deny deny deny
    The main bulk of our debt was racked up years ago when we were earning ok but not fabulous money - but boy did we live the fabulous life style- dinners out, great holidays, gadgets - basically we denied ourselves nothing- never worried about the debt we had - life was good tomorrow would never come

    Step 2 - realisation, panic face the problem
    We moved house massively increasing our mortgage then it suddenly became a bit trickier to meet all the cc repayments so I did the sensible thing ..... Had a baby and went on mat leave for 12 months ( half of which was paid, let's not mention the other half). Then realised we couldn't meet card payments and pay normal bills and basically we were in the poo. This time I did face up to it - cut down on loads of house hold bills, food shopping,started living on a tight budget etc and started being able to make overpayment to some of the debts

    Step 3 - sod this it's too hard
    We now had both had decent pay rises which meant that we could services all the debt ok and still live well - and well I could alwaysmake an overpayment next month anyway ........

    Follow the above easy steps and you too could find yourself in debt to the tune of £43k

    So now faced with a very real prospect of not being in my current job this time next year and the thought of any package I do get going ALL on paying off debt breaks my heart ..... It's time to put on the big girl pants and face this properly paying off as much debt as I can within the next yr which means any package can be a proper buffer till I get another job or go towards something useful - if I'm very lucky and stay in my job then double bonus

    My next post will be a shameful listing of all current debts,........
Page 7
    • Scott_Weiland
    • By Scott_Weiland 8th Sep 17, 8:24 PM
    • 619 Posts
    • 1,503 Thanks
    Scott_Weiland
    Thanks for the info Debs I'll look into it

    Brizzled that sounds like a right palaver, and very unfair, how do they get away with it! Surely if enough people complain they'll have to do something about it. Are quidco any better?
    Originally posted by Chrystal
    Quidco are slower at paying out than topcashback i have an account with both.
    Debts 15981.64 total paid 2078
    Cashback Earnings YTD £166.90 Survey Earnings YTD £535.12
    • Reb2016
    • By Reb2016 8th Sep 17, 8:51 PM
    • 154 Posts
    • 363 Thanks
    Reb2016
    Hi scotdebs
    Another one here whose started and stopped and started again more than once. You have some great goals, and its sound like you have learnt quite a few things from last time, so I'm sure this time you'll get there. Will be cheering you on.
    Reb
    Light bulb moment 6th June 2017 £13333.63 Debt now 11837.25
    DFD was October 2020 40 months now 21st Dec 2019 26 months Overdraft £720/£2250
    • Chrystal
    • By Chrystal 10th Sep 17, 11:13 PM
    • 104 Posts
    • 678 Thanks
    Chrystal
    https://www.topcashback.co.uk/GettingStarted

    do you use a smartphone chrystal?

    the best thing you can do is download the top cashback app on your phone, register for the site then login on the app. When you buy anything online search for the retailer.
    Originally posted by Scott_Weiland
    Thanks for the info Scot
    GC. Oct.17 = £261.18/ £300 = + £38.82 NSDs 20/31
    GC. Sept.17 = £354.89/£300 = - £54.39

    • scotdebs
    • By scotdebs 11th Sep 17, 3:30 PM
    • 559 Posts
    • 3,097 Thanks
    scotdebs
    oh dear I am in such a dilemma - DC started secondary school 4 weeks ago and it seemed he was settling in really well. However we had tears last night as he said a lots of older kids have been teasing him about his ears. They are very prominent inherited from his dad who had asked his mum when at school if he could get an op to have them pinned back and was told "no they will just find something else to tease you about". When DC was born it was clear early on that his ears would be same and OH said if he every want them done we are doing it as it would have made a world of difference to him when at school. But everything I read says that its impossible to get them done on the NHS which means either temp increase in debt or money that would have gone to debt now has to get saved for this. My heart is breaking for him .....
    CC debt Aug 2017 £48.6K
    Sept GC £128.11/£450
    • SuzieSue
    • By SuzieSue 11th Sep 17, 4:13 PM
    • 3,679 Posts
    • 3,977 Thanks
    SuzieSue
    So sorry to hear that. It makes me so angry.

    They were talking about the state of the NHS on the radio this morning and quite a few people said that they had gone abroad for surgery. It is worth considering as quite a few countries have better facilities than we have and it is much, much cheaper. Lots of countries have realised that that they can attract US and European patients and have really raised their game. You obviously have to do your research thoroughly.
    • Reb2016
    • By Reb2016 12th Sep 17, 10:57 PM
    • 154 Posts
    • 363 Thanks
    Reb2016
    Sorry to hear this scotdebs, children can be very cruel sometimes, I don't think they quite understand the hurt they can cause, I do think things like this should be available on th NHS as it can make such a difference.

    Reb
    Light bulb moment 6th June 2017 £13333.63 Debt now 11837.25
    DFD was October 2020 40 months now 21st Dec 2019 26 months Overdraft £720/£2250
    • scotdebs
    • By scotdebs 13th Sep 17, 3:15 PM
    • 559 Posts
    • 3,097 Thanks
    scotdebs
    Yip its a real shame but to have them done on the NHS he needs to demonstrate he is under severe psychological stress - Im not putting a 12 year through that kind of interrogation. We have a private consultation booked - he is desperate to get it done - bless him before his dad mentioned it i dont think he had even considered it was a possibility. So I will need to start ebaying and cutting the groceries spend like billyo.
    Quiet elsewhere on debt busting waiting for payday and need to update my monthly cashflow spreadsheet to reflect some debt i moved to a 0% card last month
    CC debt Aug 2017 £48.6K
    Sept GC £128.11/£450
    • scotdebs
    • By scotdebs 28th Sep 17, 12:26 PM
    • 559 Posts
    • 3,097 Thanks
    scotdebs
    So I am giving ebay another go *rolls eyes*. A few years ago I used to have a lot of success got good prices for what I was listing but in recent years its all become a bit of a slog - however I have a number of bags of "that's too good for charity/bin" lying about so in an attempt to declutter as well as generate some cash I have to face the ebay demons.
    So 6 things listed this morning - going to aim for another 4 this afternoon and then will see how they go before putting anything else up.
    Pay day so its time for the money reshuffle and see what the balances. Not sure what overpayments can be made this month as DS is seeing consultant next week about potential op - need to wait for outcome of that - please gods of ebay generate something extra for me to fling at the blooming cards
    CC debt Aug 2017 £48.6K
    Sept GC £128.11/£450
    • littlemissbudgetqueen
    • By littlemissbudgetqueen 28th Sep 17, 2:21 PM
    • 33 Posts
    • 41 Thanks
    littlemissbudgetqueen
    Good luck with ebay - my sister has always been great at it but its something I have never really been able to master!
    Car Loan: £14,000 - PAID ,Credit Cards:£5160.00 / £5154.49 Prof. Study Loan:£5390.07/ £8660.00,Argos Card:£245.00/£372.95, Mortgage:£66,000.00 (approx.) /House value£125,000.00
    Goals:
    £350.00
    /£20,000 Savings (ASAP - Sept 2019 at latest)
    LISA: £150.00 NS&I: £200.00

    Weight Loss: 1.5lb / 30lb
    • scotdebs
    • By scotdebs 3rd Oct 17, 1:50 PM
    • 559 Posts
    • 3,097 Thanks
    scotdebs
    2 items sold - 2 items with bids Ebay isn't going to make me a millionaire this week. So DC has had appointment with consultant and date has been set for procedure so unfortunately debt will go up next month as a result which is a bit disheartening but he is so upset about teasing at school I really don't feel I have any choice. So I will need to set new end of year target and at least when I get my bonus in Feb I can chuck a good amount at it and feel that I have some momentum going, on wards and upwards
    CC debt Aug 2017 £48.6K
    Sept GC £128.11/£450
    • Tea&Kittens
    • By Tea&Kittens 3rd Oct 17, 2:41 PM
    • 155 Posts
    • 574 Thanks
    Tea&Kittens
    Hi Debs, just been having a read through your diary. I've done very much what you have did to accumulate my debt, always the good intentions that I'd pay things off later then never getting around to doing so.
    Feeling so sorrry for your youngster, might be hard right now thinking of increasing the debt, but sorting his ears out so he doesn't get teased I'm sure will do you the world of good knowing you've done what you can.
    Much love T&K x
    October: NSDs 6 / 17 NSDs in a row: 1 / 5
    I started my debtfree journey on 07 September 2017: Total: £20,521 £19847
    Barclaycard: £14659 £14435 Oct 2017 HSBC Credit Card : £3112 £3012 Oct 2017
    Overdraft: 350 £0 Oct2017 MBNA : 2400
    A journey of a thousand miles starts with a single step. I'm on my way!
    • arc2014
    • By arc2014 3rd Oct 17, 3:16 PM
    • 139 Posts
    • 556 Thanks
    arc2014
    I've just read through your diary and it's stuck with me!


    I too am in the "we're in a load of debt, lets have a baby" club, he's 10 months now & I'm just back at work, so ready to hit this debt hard! I've also tried becoming debt free many times, but this time I really mean it. Before I never really "tried" just kept thinking it was going down when in reality I was overpaying at the beginning of the month, then having nothing left at the end of the month & racking the debt up again to be in the same position! I'm planning this time and want to be in a position to start saving for a house in the near future.


    Hopefully it won't come to it, but I could possibly be losing my job in the next 6 months, and like you, the thought of spending any package I get on debts is devastating! In reality I'd like to put half in savings as the start for a house deposit and use half for something like a holiday, as long as I get work again fairly quickly, which shouldn't be a problem for my line of work!


    I wish you all the luck in the world tackling your debts, you CAN do this!
    Logbook Loan 670.42/1000 · DC1 60/1420.32 · DC2 40/321.13 · DC3 11.75/11.75 · DC4 60/635 · Personal Loan 600/4800 · Overdraft 0/1200

    SPC #200

    Lightbulb Moment September 2017 - DFD Christmas 2018!
    • scotdebs
    • By scotdebs 4th Oct 17, 11:56 PM
    • 559 Posts
    • 3,097 Thanks
    scotdebs
    Thanks T&K he is so excited about getting it done which makes it easier.

    Arc my plan is not to spend a penny until I have new job ( apart from living of course) then I can decide sensibly what to do with it - let's work hard to make sure we can spend as much of that package as we can on good productive things
    CC debt Aug 2017 £48.6K
    Sept GC £128.11/£450
    • Reb2016
    • By Reb2016 6th Oct 17, 9:29 AM
    • 154 Posts
    • 363 Thanks
    Reb2016
    Good to hear you have a date for the op for your DC, I think your plan to not spend on extras until you have a new job sounds like a good one, just keep thinking about all the great things you can do with your package.


    Reb
    Light bulb moment 6th June 2017 £13333.63 Debt now 11837.25
    DFD was October 2020 40 months now 21st Dec 2019 26 months Overdraft £720/£2250
    • DrSpendLittle
    • By DrSpendLittle 10th Oct 17, 5:23 PM
    • 175 Posts
    • 613 Thanks
    DrSpendLittle
    Hiya, just swinging by to say hi! Read your diary from start to finish and subscribed. Hope DS operation goes well. Look forward to following your debt free journey! DSL
    Since 1st September 2017
    CC1: £paid off/£1,253.73 | CC2: £800/£9,124.15 | CC3: £paid off/£312.34 | Car Finance: £473.73/£1,894.92
    Total CC Repayments: £2,366.07/£10,690.22 (22.13%) | Total Debt Repayments: £2,839.80/£12,585.14 (22.56%)
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