Mr and Mrs K's New Journey to a Debt Free Life.

Glad to have found this Good luck both.

So pleased that you are able to work at this together, you got into it together and are now going to sort it together. Its the start of your happy ending .

Mrs K is right! Lol, just keep remembering that one

AlexLK wrote: »

Other people do bother me but not as much as they did. I remember when I sold my RRS, I was convinced somebody was going to sneer at my obvious downgrade. Now, I'm not quite so bothered.

AlexLK wrote: »

Thank you for all your help, we still need it but my wife and I are getting somewhere at least.





Something else we are talking about is for me to dedicate some of the time I am home into trying to earn a little more from buying and selling things I am knowledgeable about / can refurbish. Fortunately, liking old things one often learns skills in mending them too.





For the first time in ages I feel I've got something to look forward to in the future instead of reminiscing on the past and bitterly looking back thinking that "things are not what they used to be".

Stumbled across your thread and read it all start to finish just now (so quoted from the old one here).

Anyone you would call a friend wouldn't sneer at downgrading a car...and if they do you were hanging out with the wrong crowd. Kinda makes you want to buy an old Skoda just to test the theory ........as a bonus I have heard they are very reliable car.

So glad your wife is on board with the diary as well........and you sound so much more positive in just 24 hours.

I haven't much time tonight but have subscribed so will return with some tips that may be of use as we got rid of 160k of debt (I know ) and I did full and finals on cards, got interest frozen and payment plans set up (whilst we saved as much as we could to F+F).
I have just helped my brother sort out 30k of card debt with 0% int and F+F on 1 so far........and he earnt tons for years ~(6 figs) and had never had to cut back at all in his life ....sadly his divorce cost him dear. He is 45.


Just to say, ideas on turning the interest into a profitable biz sound a good way forward as is some of your time being at home with your son so he may only have to do PT nursery....as you could then do some work in the evening instead if selling online. This means your wife can work FT and not worry about childcare as Dad is there.

Just put that in as ours are big now but we have always had our own business so we both did childcare and for Dad to be involved with all the everyday things is a privilege....you may have the flexibility to earn and look after him PT.


sorry....long post but the thing that happens is paying down the debt seems like it's taking forever...and the cutting back and so on but one day, it's gone.
....and then the savings seem to happen by magic as there is surplus. You will be amazed at how quickly they mount up once the debts are no more.

Keep the house as you debt is very do-able.:)

Well done on starting a diary.

Some years ago I posted on here when we got into significant debt. OH had been made redundant from a high paying job, and we could not/did not turn off our expenses quickly enough.We paid for school/Uni, had ponies, thirsty nice cars, good holidays and travel.

When OH found/took a new job we agreed he would 'downshift', earning a third of his previous salary. He was also offered a much higher paying job at the same time but we knew it was the right step to take.

We were about £60,000 + in debt when I posted my SOA. Just because I had my LBM, it did not mean tht my husband had his, that took a little longer. I explained it as 'being less wasteful' and we both came to value simpler things more than we had.

The advice I had on here was to takebaby steps, along with the thrifty tips and suggestions to cut bills.

We cleared the debt in a couple of years because we took the DFW advice, sold assets , downsized the cars (I have a classic car too which became OHs car for about 9 months including a snowy winter - small 2 seater soft top brrrr), ate out less, cut back on generous presents and scaled back holidays. We did not think it was anyone elses business to know why we were cutting back, we just explained we were wasting less, budgeting better.


Fast forward to today, OH really enjoys his job and as he now runs the charity he went to work for his pay is very good, but not huge and has more than doubled. I pushed myself at work when only I was earning, made leaps in career terms increasing my salary and prospects significantly which I continue to benefit from. We have holidays as we choose, drive good cars, still have my classic, and apart from a small mortgage no debts. We are not living in a frugal DFW way, but continue to value things more than we did pre-getting into and out of debt.

There is light at the end of the tunnel, keep talking, on here and to your wife, make cost cutting fun/a challenge, do not let your parents well meaning generosity drive your priorities, read other peoples diaries,join the grocery challenge, grow veg etc if you think that will work for you and.... take baby steps.