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  • FIRST POST
    • DebtFreeDuo
    • By DebtFreeDuo 20th Sep 17, 8:43 PM
    • 442Posts
    • 2,146Thanks
    DebtFreeDuo
    This Duo's debt free journey
    • #1
    • 20th Sep 17, 8:43 PM
    This Duo's debt free journey 20th Sep 17 at 8:43 PM
    I had a previous thread but having problems locating it so thought I would start a fresh one. Brief intro, the duo is me and my little one, just over a year ago my debt was at a figure of around £12k, as of today it stands at £6124.40. This is made up of 2 loans (one car) and one credit card which is 0% until April 2019.

    My aim is to save up over the next 6/8 months so that I can overpay 6 months worth on the loan with the shortest term, this will clear the loan completely as the last payment is December 18. Then I will tackle the second loan which is due to end April 19, I aim to clear this by around December 18 and then clear the 0% card last but well in time for the 0% ending.

    I can't do much until January, I'm currently studying and therefore get my income 3 times per year which I use to overpay, I have just cleared £1500 which is all I can manage until my next payment. This includes a monthly saving to my Help to Buy ISA. I have around £4k in my ISA but I am reluctant to use this to clear my debts as I will earn more back on this then I will save in interest with the governments 25% bonus.

    I have gone over all of my monthly bills and I am certain that I cannot make any further savings than I have made recently. I am currently listing as much on ebay as I can to give me a little extra money for treats that I haven't included in my budget up to December.

    Will update my signature shortly but as it stands my debt free date is April 2019, I aim to bring this forward to Dec 2018 at the very latest.
Page 14
    • ladymay
    • By ladymay 10th Nov 17, 6:40 AM
    • 666 Posts
    • 3,199 Thanks
    ladymay
    Break a leg DFD!
    [COLOR=Navy]Debt 14/04/12: £15736.77
    Debt 09/12/14 ZERO POUNDS
    Debt 15/10/17: £1714.40
    Debt 14/11/17: £1631.61
    Moving back to the UK 05/01/18
    • DebtFreeDuo
    • By DebtFreeDuo 10th Nov 17, 9:50 AM
    • 442 Posts
    • 2,146 Thanks
    DebtFreeDuo
    Thank you all so much, I will need all the luck I can get! timetobefrugal I have some G&Ts already in the house, I will be consuming 1 or 2 afterwards.

    Bit of good news yesterday, DS' Dad will be sending me some money over from a tax refund (either £100 or £150), I haven't received anything from him for well over a year as he just refuses to get a part time job outside of his very part time studies. I think I will use this to add a little on to the Christmas budget for DS and then leave the rest in the bank to cover other day to day bills and try and keep the overdraft down as much as possible.
    LBM 20/9/17 5101.55/5690.50 = Loan: 1923.70/2207.38 Car Loan: 2166.87/2419.64 0% CC: 1010.98/1063.48 DFD Oct 18.
    SPC 586
    • DebtFreeDuo
    • By DebtFreeDuo 10th Nov 17, 11:53 AM
    • 442 Posts
    • 2,146 Thanks
    DebtFreeDuo
    Just done my first amazon pantry order, £5 off over £30 and free delivery with 4 selected items. Total cost £27.49 (all vouchers so nothing from my actual account) and it includes one Christmas present (£11 spirit) and some chocolates towards my mums birthday present! I also shouldn't need any household stuff (detergent, toilet roll, shampoo etc) for the next month which will help with the food budget as I usually combine them.

    (I know, I know, I shoud be revising!)
    LBM 20/9/17 5101.55/5690.50 = Loan: 1923.70/2207.38 Car Loan: 2166.87/2419.64 0% CC: 1010.98/1063.48 DFD Oct 18.
    SPC 586
    • Nicnak
    • By Nicnak 10th Nov 17, 5:25 PM
    • 379 Posts
    • 1,530 Thanks
    Nicnak
    That's fab though! And you got a gift with that as well. X
    Did you manage some revising? X
    September 6th 2017 start Updated 4th NOV 17
    Credit Card £430 now: £0 Tesco Loan £7500 = £6891 Car loan £17450 = £16,748 Total = £25,330 £23,749 EMF #252
    Sealed pot challenge #589
    Pay off all your debts by Christmas #170
    • DebtFreeDuo
    • By DebtFreeDuo 10th Nov 17, 8:27 PM
    • 442 Posts
    • 2,146 Thanks
    DebtFreeDuo
    I did a little, I don't know whats wrong with me at the moment, I don't know all the content that I need to know for the test but I don't care that I don't know it, I actually feel like I really couldn't care about I do and I really need to snap out of it!

    Finally cashed out on PA, £21.20 will be on its way on Tuesday!
    Last edited by DebtFreeDuo; 10-11-2017 at 9:13 PM.
    LBM 20/9/17 5101.55/5690.50 = Loan: 1923.70/2207.38 Car Loan: 2166.87/2419.64 0% CC: 1010.98/1063.48 DFD Oct 18.
    SPC 586
    • DebtFreeDuo
    • By DebtFreeDuo 11th Nov 17, 6:36 PM
    • 442 Posts
    • 2,146 Thanks
    DebtFreeDuo
    Not much to add, huge to do list for this week though! Today I spent £14 on a top up shop, lowest it has ever been and even included a nice pizza. Should be ok for food until at least mid week where I might need more milk.

    This week

    Assignment for IM module
    Assignment for AS module
    Assignment for FC module
    Assignment for TM module
    Flashcards for all modules in preparation for January exams

    It is unlikely that all of this will get finished this week, 2 of them have to be submitted this week so will have to be completed. Will break this down further into days as the week goes on.

    Tomorrow

    Start IM assignment - try to complete and submit
    Look at Christmas list - 6 presents left to get some of which I will get with my nectar points in the double up event

    LBM 20/9/17 5101.55/5690.50 = Loan: 1923.70/2207.38 Car Loan: 2166.87/2419.64 0% CC: 1010.98/1063.48 DFD Oct 18.
    SPC 586
    • Nicnak
    • By Nicnak 11th Nov 17, 7:05 PM
    • 379 Posts
    • 1,530 Thanks
    Nicnak
    I'm trying to get all presents sorted this week too. It's going to be difficult as my parents are revealing what they would like.

    Good luck with the assignments. x
    September 6th 2017 start Updated 4th NOV 17
    Credit Card £430 now: £0 Tesco Loan £7500 = £6891 Car loan £17450 = £16,748 Total = £25,330 £23,749 EMF #252
    Sealed pot challenge #589
    Pay off all your debts by Christmas #170
    • 117pauline
    • By 117pauline 11th Nov 17, 7:26 PM
    • 419 Posts
    • 5,154 Thanks
    117pauline
    Hi Duo

    Sorry I missed wishing you good luck for your exam. Was it yesterday? I hope it went well.

    I'm impressed with the Amazon Pantry order. Sounds as though you really planned it well. I always get a kick out of beating the supermarket/Amazon. I'm sad in that I actually note my savings.

    Studying - planning, that's where it's at. A good plan will save a lot of heartache if you mind map all your ideas and formulate the assignment from there. Small chunks, 20 minutes or so then a short break....How else are you supposed to eat the elephant?

    And see if you can plan some rewards for each part completed. I was the world's worst procrastinator and I had to reward myself with time on the net etc. I always wanted a star chart too.

    Good luck, honey
    Pauline
    Don't get it perfect - Get it going
    Better Than Before
    • DebtFreeDuo
    • By DebtFreeDuo 11th Nov 17, 8:07 PM
    • 442 Posts
    • 2,146 Thanks
    DebtFreeDuo
    The shops are already getting chaotic, I think Christmas has hit all the shops this weekend. Thank you Nicnak and well done for the car, you must be feeling extremely proud of yourself for biting the bullet and getting it all sorted.

    Thank you Pauline, it was today and I did pretty bad on it but I can pull it back on other work in the module. I also love beating the shops with some of the deals they offer, I've just told my mum about the pantry offer as she has loads in amazon vouchers that she has earned through swagbucks. I note my bigger savings in my spreadsheet as I started the year aiming to make/save £2017 this year, I'm a little over half way.

    I've bought myself my flashcards to help with my studying and treated myself to some new pens (all different colours) that I'm really excited to use so I think they will help to keep me motivated. I like the small chunks idea, I think I work better like that, I will try it out tomorrow, reward myself with one episode on Netflix for every hour or so of work I get done as I usually just waste my sundays as DS isn't with me.
    LBM 20/9/17 5101.55/5690.50 = Loan: 1923.70/2207.38 Car Loan: 2166.87/2419.64 0% CC: 1010.98/1063.48 DFD Oct 18.
    SPC 586
    • Nicnak
    • By Nicnak 11th Nov 17, 8:26 PM
    • 379 Posts
    • 1,530 Thanks
    Nicnak
    Rewarding is a great idea. It's something I always do when marking. I mark in 5s now, and have a reward after each 5. It really does work.

    You're like me with stationery. A bit of a fanatic! I had some beautiful pens that students borrowed and inevitably, didn't see that they were well thought of by me and lost them, broke them etc.

    Sorry the exam didn't go so well. The modules will pull you up like you said.

    How is your evening? I'm having some chocolate and alcohol as a little reward for me. x
    September 6th 2017 start Updated 4th NOV 17
    Credit Card £430 now: £0 Tesco Loan £7500 = £6891 Car loan £17450 = £16,748 Total = £25,330 £23,749 EMF #252
    Sealed pot challenge #589
    Pay off all your debts by Christmas #170
    • DebtFreeDuo
    • By DebtFreeDuo 11th Nov 17, 9:26 PM
    • 442 Posts
    • 2,146 Thanks
    DebtFreeDuo
    Are you a teacher Nicnak? I'm quite protective over some of my stationery, normal pens and paper I'm not but the stuff that I really like I would be more protective over.

    The exam is my own fault although I feel more motivated now so all in all its not such a bad thing, its only worth10% of that particular module.

    My evening is not too bad, DS has only just gone to bed but because I missed my only full day with him I don't mine him having a late one. I considered pouring myself a G&T but I'm not really in the mood. You deserve chocolate and alcohol after such a big day!
    LBM 20/9/17 5101.55/5690.50 = Loan: 1923.70/2207.38 Car Loan: 2166.87/2419.64 0% CC: 1010.98/1063.48 DFD Oct 18.
    SPC 586
    • ladymay
    • By ladymay 12th Nov 17, 9:31 AM
    • 666 Posts
    • 3,199 Thanks
    ladymay
    I'm the same as Pauline117 - I love 'beating' the shops! Sorry to hear the exam didn't go as well as you wanted, DFD - like you said you can pull it back... are you normally an exam person? I was always rubbish at exams but with essays (without the strict time pressure) I was much stronger. Glad you had a nice evening with DS, family time is the best
    [COLOR=Navy]Debt 14/04/12: £15736.77
    Debt 09/12/14 ZERO POUNDS
    Debt 15/10/17: £1714.40
    Debt 14/11/17: £1631.61
    Moving back to the UK 05/01/18
    • DebtFreeDuo
    • By DebtFreeDuo 12th Nov 17, 9:36 AM
    • 442 Posts
    • 2,146 Thanks
    DebtFreeDuo
    My first exam at uni (first exam in about 12 years) made me nervous but I did really well in it, there isn't much that makes me nervous though and now exams don't really bother me.
    LBM 20/9/17 5101.55/5690.50 = Loan: 1923.70/2207.38 Car Loan: 2166.87/2419.64 0% CC: 1010.98/1063.48 DFD Oct 18.
    SPC 586
    • 117pauline
    • By 117pauline 12th Nov 17, 10:57 AM
    • 419 Posts
    • 5,154 Thanks
    117pauline
    Ooooooohh stationery talk!

    Love it. I have to avoid John Lewis etc in case the stationery Imps call me.

    I didn't take my best to College as my students never had pens. Any conference I attended meant I would challenge myself to collect as many as possible.

    However I have found it really hard to actually use my beautiful notebooks. I still feel a bit wobbly, how daft is that?

    Half hour max is ideal. 5 mins or so gap then another half hour then a proper reward. The gap in the middle helps you to refocus on the task.

    Mmmmm task for the morning, drewl over my pens and notebooks

    Enjoy Sunday
    Pauline
    Don't get it perfect - Get it going
    Better Than Before
    • DebtFreeDuo
    • By DebtFreeDuo 12th Nov 17, 5:40 PM
    • 442 Posts
    • 2,146 Thanks
    DebtFreeDuo
    I haven't taken a look at the stationery in John Lewis but I can imagine that I would spend a fortune if I did! I want to go and buy lots of stationery!

    Have got some work done today but then I started feeling a little sorry for myself so poured myself a bottle of wine and put on a classic romance film that made me cry and probably made me feel worse. I feel so lonely at the moment, people all around me are so happy with their perfect families and I can't seem to find what I want. It's probably a good thing really as I have enough to focus on at the moment anyway.
    LBM 20/9/17 5101.55/5690.50 = Loan: 1923.70/2207.38 Car Loan: 2166.87/2419.64 0% CC: 1010.98/1063.48 DFD Oct 18.
    SPC 586
    • Nicnak
    • By Nicnak 12th Nov 17, 6:57 PM
    • 379 Posts
    • 1,530 Thanks
    Nicnak
    Yes, I am a teacher. Secondary school, and English.

    I love stationery. It is my favourite time of the year when a stationery order comes in!
    September 6th 2017 start Updated 4th NOV 17
    Credit Card £430 now: £0 Tesco Loan £7500 = £6891 Car loan £17450 = £16,748 Total = £25,330 £23,749 EMF #252
    Sealed pot challenge #589
    Pay off all your debts by Christmas #170
    • DebtFreeDuo
    • By DebtFreeDuo 12th Nov 17, 7:23 PM
    • 442 Posts
    • 2,146 Thanks
    DebtFreeDuo
    Teaching is why I started my degree although the politics behind it does make me question my choice.
    LBM 20/9/17 5101.55/5690.50 = Loan: 1923.70/2207.38 Car Loan: 2166.87/2419.64 0% CC: 1010.98/1063.48 DFD Oct 18.
    SPC 586
    • Nicnak
    • By Nicnak 12th Nov 17, 7:27 PM
    • 379 Posts
    • 1,530 Thanks
    Nicnak
    The politics are making it very difficult at the minute. I wouldn't tell anyone not to do it, but it isn't the profession I joined. x
    September 6th 2017 start Updated 4th NOV 17
    Credit Card £430 now: £0 Tesco Loan £7500 = £6891 Car loan £17450 = £16,748 Total = £25,330 £23,749 EMF #252
    Sealed pot challenge #589
    Pay off all your debts by Christmas #170
    • DebtFreeDuo
    • By DebtFreeDuo 13th Nov 17, 12:59 PM
    • 442 Posts
    • 2,146 Thanks
    DebtFreeDuo
    This week

    Assignment for IM module - Started this, have almost completed 2/3 questions although the third will probably be the hardest
    Assignment for AS module - Started this but having some technical problems
    Assignment for FC module
    Assignment for TM module
    Flashcards for all modules in preparation for January exams - Completed for one module, 3 to go

    Have been doing work all morning and I have made a little progress, hopefully I will get these 2 assignments completed and submitted by the end of the week!
    LBM 20/9/17 5101.55/5690.50 = Loan: 1923.70/2207.38 Car Loan: 2166.87/2419.64 0% CC: 1010.98/1063.48 DFD Oct 18.
    SPC 586
    • EssexHebridean
    • By EssexHebridean 13th Nov 17, 1:03 PM
    • 8,195 Posts
    • 42,605 Thanks
    EssexHebridean
    I haven't taken a look at the stationery in John Lewis but I can imagine that I would spend a fortune if I did! I want to go and buy lots of stationery!

    Have got some work done today but then I started feeling a little sorry for myself so poured myself a bottle of wine and put on a classic romance film that made me cry and probably made me feel worse. I feel so lonely at the moment, people all around me are so happy with their perfect families and I can't seem to find what I want. It's probably a good thing really as I have enough to focus on at the moment anyway.
    Originally posted by DebtFreeDuo
    They're not, you know. Some of them probably do their best to make it appear that way, but in my experience those who are trying the hardest to convince everyone that their lives are perfect are probably those who are mostly trying to convince themselves first and foremost. There's no such thing as a perfect family or relationship though.

    Ahh stationery - yep, another here who struggles to resist a nice notebook in particular.
    MORTGAGE FREE 30/09/2016
    Sainsbugs 0% card: 22/12/16 £1229.00/£544.67 (17/10/17)
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