Need to get myself together: The beginning

monz
monz Posts: 4,129 Forumite
First Anniversary First Post Debt-free and Proud! Stoptober Survivor
in Debt free diaries
Hi all

I am back. Short story, I was in this position before though holding a baby in my arms and his dad left us with a loan I got for him (I naively believed there was people after him) and such a bad overdraft. I managed to scrape it back and pay it all off and was on a high (figuratively) of being debt free.

Four years on I have been left (no baby this time) and foolishly beleived this guy was decent. No need to tell me off or should have known better, believe me I am my own worst enemy.

So now my debts are :

£1,000 overdraft (hope to clear by Christmas or least by January)
£200 odds Next (Yeah this is me I cannot blame anyone but myself here) I want it cleared by Christmas at least
£5,000 loan ( I am mad I know for having got it for him and he "says"will help with this but will not hold my breath as he is already asking for more money - probably for the girl he left me for...) I hope to pay this back in 2.5 years not the 5 year plan I was given.

Anyway, I am determined and I will not fail :D

Also need to put money aside for America in May 2015. (£125 a month) and also 52 week challenge. The reason I am going to America is its my 30th and my mum and dad are paying for this.

The first post is longer than I thought it would be I am so sorry!!

Hopefully I will be back on track soon xx
Debt (1/9/14) £6,702.11 Debt free (30/11/2016) mortgage port- £70,077.82 and mortgage £126,517.39 o/s currently
Debt - £17,190.83 (29/7/22) now (19/8/22) £16,688.80
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Comments

  • laurag89
    laurag89 Posts: 728 Forumite
    First Post First Anniversary Combo Breaker
    Hey!!!
    Good luck with your journey! I made quite a lot of mistakes borrowing money for ex boyfriends that I thought were decent at the time and buying them gifts I couldn't afford to look generous. I am also my own worst enemy!

    You seem to have everything planned out! :)
    I am looking forward to following your journey!

    I'm off to Florida for the first time next march :) I'm also putting £100 per month aside for spending money :)
    Total debt to pay: £14,071.41/ Remaining debt: £12,884.12: Amount Paid: £1,187.29

    Survey xmas 2018 savings: £10 / £150
  • CountingPennies
    CountingPennies Posts: 1,893 Forumite
    I've been Money Tipped!
    Good luck on your journey! I'm supposed to be going to Canada in 2015 so really need to start saving too.

    CP xx
    Slimming World Challenge 2017 0/30.5lb

    Grocery challenge 2017 JAN: £5.56/£350
  • monz
    monz Posts: 4,129 Forumite
    First Anniversary First Post Debt-free and Proud! Stoptober Survivor
    Thanks laurag89 aw honestly we think we are doing good by doing that n all we are doing is getting used :/! Lesson learned !

    Thanks counting pennies :) aw nice about Canada too :) x
    Debt (1/9/14) £6,702.11 Debt free (30/11/2016) mortgage port- £70,077.82 and mortgage £126,517.39 o/s currently
    Debt - £17,190.83 (29/7/22) now (19/8/22) £16,688.80
  • laurag89
    laurag89 Posts: 728 Forumite
    First Post First Anniversary Combo Breaker
    I know, I have also learnt my lesson the hard way :) how did you get all your debt paid off first time around did you find anything that worked especially well?
    Total debt to pay: £14,071.41/ Remaining debt: £12,884.12: Amount Paid: £1,187.29

    Survey xmas 2018 savings: £10 / £150
  • monz
    monz Posts: 4,129 Forumite
    First Anniversary First Post Debt-free and Proud! Stoptober Survivor
    Well I was pregnant at the time and working loads over time and didnt go out or that as my ex was threatening me :/ so that saved like loads. Ended up going into labour early lol though two weeks early having a ten pound 6 child kind of glad!
    Debt (1/9/14) £6,702.11 Debt free (30/11/2016) mortgage port- £70,077.82 and mortgage £126,517.39 o/s currently
    Debt - £17,190.83 (29/7/22) now (19/8/22) £16,688.80
  • monz
    monz Posts: 4,129 Forumite
    First Anniversary First Post Debt-free and Proud! Stoptober Survivor
    So I have been working through my numbers etc.

    This months wage I have to pay my car Tax (kind of have to lol) £71.50 oh and a new tyre. Oh great start haha but thats life :)

    My sons birthday coming up and i have been putting aside :)

    Anyway I have decided with unexpected bills I will can pay an extra £26.46 to Octobers loan repayment. I know its not much but its a start and also £45 to Next account bringing it down :). I have one night out its my friends 30th and going to be good for the rest.

    Hopefully by no spending I can decrease my overdraft from 1000-800 this month x
    Debt (1/9/14) £6,702.11 Debt free (30/11/2016) mortgage port- £70,077.82 and mortgage £126,517.39 o/s currently
    Debt - £17,190.83 (29/7/22) now (19/8/22) £16,688.80
  • purplefran
    purplefran Posts: 58 Forumite
    First Post First Anniversary Combo Breaker
    Hi Monz,

    It looks like you are doing really well. It is tough being on your own with children, I did it for a number of years, but life does improve and although I made some bum choices with men, I did eventually find a good un! Good luck x
    Grocery Challenge £2400/Spent £90.73
    £2024 in 2024 - £605.27
    DF 30/11/22
    Retired 31/12/23
  • monz
    monz Posts: 4,129 Forumite
    First Anniversary First Post Debt-free and Proud! Stoptober Survivor
    Thanks :)

    I get paid next week so can properly update this. I also set up an excel for overpayments and think I can be debt free mid 2016... (thats the plan)x
    Debt (1/9/14) £6,702.11 Debt free (30/11/2016) mortgage port- £70,077.82 and mortgage £126,517.39 o/s currently
    Debt - £17,190.83 (29/7/22) now (19/8/22) £16,688.80
  • purplefran
    purplefran Posts: 58 Forumite
    First Post First Anniversary Combo Breaker
    Looking like a good plan, pay day is such a lovely day :)
    Grocery Challenge £2400/Spent £90.73
    £2024 in 2024 - £605.27
    DF 30/11/22
    Retired 31/12/23
  • monz
    monz Posts: 4,129 Forumite
    First Anniversary First Post Debt-free and Proud! Stoptober Survivor
    Haha yeah until you remember you have to pay bills lol x
    Debt (1/9/14) £6,702.11 Debt free (30/11/2016) mortgage port- £70,077.82 and mortgage £126,517.39 o/s currently
    Debt - £17,190.83 (29/7/22) now (19/8/22) £16,688.80
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