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  • FIRST POST
    • zenshi
    • By zenshi 31st Aug 13, 9:33 PM
    • 950Posts
    • 1,954Thanks
    zenshi
    Debt free in 23......
    • #1
    • 31st Aug 13, 9:33 PM
    Debt free in 23...... 31st Aug 13 at 9:33 PM
    I thought I would start a diary as motivation. Seeing things in black and white really helps and my aim is to update at least once a week.

    I have no idea how long I have actually been in debt but it became unmanageable at the beginning of the year. Although how I managed the year before I really don't know. Anyway I had my LBM in April of this year and my daughter gave me the title thread as my motto!

    Bit about me.... I grew up in a family without much money so was used to the hand me downs etc. when I got married and had the kids, we were comfortable and a few years down the line bought a larger house to renovate.....3 months later I found myself on my own after the then husband left! He was great about supporting the kids financially, they were 6 and 8 at the time and it was tough.

    I put myself though college and started my own business.The kids knew the score and didn't get everything they wanted but I made sure they had the important stuff. They got jobs as soon as they were old enough to buy their phones etc. they learned to budget for themselves from an easy age.

    Roll on through their teenage years and business is going well. My daughter went to Uni and spent the summers in the US working. My son got a full time job for a few years before leaving for the Forces. DD now has a 2:1 degree and DS is a Royal Marine...I am so proud of both of them

    This is when it started going wrong....business took a dive, I lost my sons board money etc

    The kids have both been very supportive to me and DD has now moved back home for a year while trying to save for her Masters. She is now buying and making the meals for us as her board contribution until she gets a job. I too am looking for a job to supplement the business

    Currently, I would say roughly my debt runs at 23 K . Most of the creditors have frozen interest and I am in a self managed DMP as even Stepchange and the like wont help as I don't have enough spare for them to set me up a plan!!!! If had more, I wouldn't be in a mess!

    On the upside after 15 years of renovating, the house is nearing and end and its surprising what you can learn to do when you have no money and things need doing! I'm quite a dab hand at electrical work, plumbing, brickwork, actually most things bar plastering. I just can't get the hang of that

    Oh and I have two manic dogs and a very shy retiring cat
Page 3
    • clearmydebts
    • By clearmydebts 20th Apr 16, 5:06 PM
    • 6,079 Posts
    • 17,548 Thanks
    clearmydebts
    So sorry to hear about your best friend xxx
    Total debt (starting September 2016): €22,473/€27,000
    BOI credit card: €6,000/€7,000
    Loan:€16,473/
    Savings: €600
    • zenshi
    • By zenshi 20th Apr 16, 9:36 PM
    • 950 Posts
    • 1,954 Thanks
    zenshi
    Thanks guys
    LBM.....sometime in 2013 £27,056. 10 creditors
    Aug 17......£18,258.....7 creditors left 32% paid

    £26,200 on interest only part of mortgage (July 16)...will chip away £23,922
    £49,200 repayment mortgage ( July 16) £46,020
    • zenshi
    • By zenshi 23rd Apr 16, 10:33 AM
    • 950 Posts
    • 1,954 Thanks
    zenshi
    OK, so most of the major, essential house works are done and paid for now! Just a re roof to go but that's not urgent

    So my plan now is all the excess money I get will be stashed for full and finals. If they are refused, then the lump sum will be paid off my mortgage and so the cycle will continue until they are accepted

    Work is very good, summers coming and mentally, I'm in a good place. Feeling very positive for this year
    LBM.....sometime in 2013 £27,056. 10 creditors
    Aug 17......£18,258.....7 creditors left 32% paid

    £26,200 on interest only part of mortgage (July 16)...will chip away £23,922
    £49,200 repayment mortgage ( July 16) £46,020
    • zenshi
    • By zenshi 3rd May 16, 10:41 PM
    • 950 Posts
    • 1,954 Thanks
    zenshi
    Just doing my figures......not great for making my brain sleepy but hey ho! Anyway, so far to date, I have paid off 21.9% of my total debts. £850 will get me to 25% ...a whole quarter.....on a mission now!

    I never worked the % out before and I'm quite liking it
    LBM.....sometime in 2013 £27,056. 10 creditors
    Aug 17......£18,258.....7 creditors left 32% paid

    £26,200 on interest only part of mortgage (July 16)...will chip away £23,922
    £49,200 repayment mortgage ( July 16) £46,020
    • zenshi
    • By zenshi 2nd Jul 16, 8:35 AM
    • 950 Posts
    • 1,954 Thanks
    zenshi
    Noting down so I can check if needed without going through my files......CCAs sent.
    As of today, 3 not contacted me. 1 supplied a possible u enforceable one, 1 appears to be correct and waiting on one more coming from the OC via DCA

    Still plodding on.....
    LBM.....sometime in 2013 £27,056. 10 creditors
    Aug 17......£18,258.....7 creditors left 32% paid

    £26,200 on interest only part of mortgage (July 16)...will chip away £23,922
    £49,200 repayment mortgage ( July 16) £46,020
    • MissShoes
    • By MissShoes 8th Jan 17, 10:41 AM
    • 1,243 Posts
    • 1,827 Thanks
    MissShoes
    Subscribed! And now.....post!

    Shoes x
    DFD 4th July 2015 Happy Independence Day
    • zenshi
    • By zenshi 8th Jan 17, 10:47 AM
    • 950 Posts
    • 1,954 Thanks
    zenshi
    Subscribed! And now.....post!

    Shoes x
    Originally posted by MissShoes


    Had just put shoes on to walk the dog, so she's super excited. Will post properly on our return
    LBM.....sometime in 2013 £27,056. 10 creditors
    Aug 17......£18,258.....7 creditors left 32% paid

    £26,200 on interest only part of mortgage (July 16)...will chip away £23,922
    £49,200 repayment mortgage ( July 16) £46,020
    • zenshi
    • By zenshi 8th Jan 17, 12:06 PM
    • 950 Posts
    • 1,954 Thanks
    zenshi
    So, new year and new start!

    Over the last few months, I have just been making the payments to my creditors with the view to offering lump sums this year, however........

    My car is now terminally sick so all extra monies will be put in my new car fund. The roof also needs to be done this year as each repair is costly due to scaffolding. Bite the bullet and get it re done!

    Maybe the latter half of the year will see my debts going down substantially but as long as they're not going up and the creditors are happy with what they're getting, Allstate good

    Will slowly work through the snagging list for my house. They're only small jobs that can be done for very little or free by myself. De cluttering and selling as I go
    LBM.....sometime in 2013 £27,056. 10 creditors
    Aug 17......£18,258.....7 creditors left 32% paid

    £26,200 on interest only part of mortgage (July 16)...will chip away £23,922
    £49,200 repayment mortgage ( July 16) £46,020
    • LauraB89
    • By LauraB89 8th Jan 17, 2:48 PM
    • 158 Posts
    • 371 Thanks
    LauraB89
    Hi Zenshi - just reading through your diary, looks like you are making great progress with the debts!!

    xx
    • zenshi
    • By zenshi 20th Jan 17, 8:46 AM
    • 950 Posts
    • 1,954 Thanks
    zenshi
    Early finish iN work today, so will tackle .......

    House insurance and broadband and try and get better deals!
    Chase eBay for my refund
    Finish waxing coffee table for front room
    LBM.....sometime in 2013 £27,056. 10 creditors
    Aug 17......£18,258.....7 creditors left 32% paid

    £26,200 on interest only part of mortgage (July 16)...will chip away £23,922
    £49,200 repayment mortgage ( July 16) £46,020
    • zenshi
    • By zenshi 28th Jan 17, 9:21 AM
    • 950 Posts
    • 1,954 Thanks
    zenshi
    Nearly the end of another month and am toting up finances etc
    On average, I'm spending £90 on food, cleaning products and cat food per month and £25 on my vaping stuff

    Will be back with final monthly stuff soon
    LBM.....sometime in 2013 £27,056. 10 creditors
    Aug 17......£18,258.....7 creditors left 32% paid

    £26,200 on interest only part of mortgage (July 16)...will chip away £23,922
    £49,200 repayment mortgage ( July 16) £46,020
    • zenshi
    • By zenshi 6th Feb 17, 9:52 AM
    • 950 Posts
    • 1,954 Thanks
    zenshi
    So, at the end of the month I decided I would challenge myself not to food shop in Feb!

    I sorted the freezer and meal planned I have worked up to 20th Feb so far and all I need to buy is sone potatoes and 6 eggs.

    I'm sure there's another 8 days worth of meals in there too
    LBM.....sometime in 2013 £27,056. 10 creditors
    Aug 17......£18,258.....7 creditors left 32% paid

    £26,200 on interest only part of mortgage (July 16)...will chip away £23,922
    £49,200 repayment mortgage ( July 16) £46,020
    • zenshi
    • By zenshi 13th Feb 17, 10:13 AM
    • 950 Posts
    • 1,954 Thanks
    zenshi
    Eating from freezer going well. Bought eggs but was given some spuds. Need butter and washing up liquid but gained and extra few meals....one by having extra veg and stretching my slow cooker casserole, friends to tea tonight and given a home made curry by my lovely Indian boss 😀

    Almost finished the third item of furniture for front room, just needs waxing. Sold my dining table which will pay for the paint for the new smaller one I was given, it's bottle green Each to their own I guess

    Off to town to do some chores today before being fed at my friends. Lovely sunny but windy day here so clothes line full instead of stuff being draped on rads
    LBM.....sometime in 2013 £27,056. 10 creditors
    Aug 17......£18,258.....7 creditors left 32% paid

    £26,200 on interest only part of mortgage (July 16)...will chip away £23,922
    £49,200 repayment mortgage ( July 16) £46,020
    • zenshi
    • By zenshi 3rd Mar 17, 12:18 PM
    • 950 Posts
    • 1,954 Thanks
    zenshi
    Eat from the freezer went very well although sometimes a bit odd! What I thought was white sauce for lasagne turned out to be mash Potato so meal plan re jigged to make bubble and squeak instead.

    A tub of 'red stuff' is still waiting to be defined!

    I did spend about £25 on YS food in Feb but that will be used in March. Am aiming to eat from freezer again but will probably only be about two weeks

    New month and pay day !!!! up means I only have half my food and petrol budget. If I can manage then extra will go into EF pot

    Have finished painting my free cycle dining table, just need to wax it but what a transformation. Got given another so will paint that up then sell it on
    LBM.....sometime in 2013 £27,056. 10 creditors
    Aug 17......£18,258.....7 creditors left 32% paid

    £26,200 on interest only part of mortgage (July 16)...will chip away £23,922
    £49,200 repayment mortgage ( July 16) £46,020
    • zenshi
    • By zenshi 18th Mar 17, 8:54 AM
    • 950 Posts
    • 1,954 Thanks
    zenshi
    Been stupidly busy at work but being self employed I just work extra, am exhausted!

    Day off today, so tackling the barn loft for car boot stuff that I'm planning on doing over Easter. Also have a problem up there with either rats or squirrels. I can hear them running around and sounds more heavy footed than mice! I'm dreading going up there if I'm honest!

    Have booked the re-roof in for July so saving hard for that. I know it would need at least one repair over the winter if I leave it

    Off to walk the dog, then coffee, then I'll tackle the loft and evict the squatters
    LBM.....sometime in 2013 £27,056. 10 creditors
    Aug 17......£18,258.....7 creditors left 32% paid

    £26,200 on interest only part of mortgage (July 16)...will chip away £23,922
    £49,200 repayment mortgage ( July 16) £46,020
    • zenshi
    • By zenshi 13th May 17, 10:18 AM
    • 950 Posts
    • 1,954 Thanks
    zenshi
    On track for roof money

    The big hol that was planned for my big birthday was put on hold, so booked a few days in Wales in a B and B. My dog stuck her head where she shouldn't and I ended up with emergency vet trip as she lacerated her eye prob a thorn or something, anyway she's not one that lets that affect her walks so was still doing the mountain walks with us.

    Just after the Wales trip was booked my sis announces the big hol is back on! It's only costing me my spending money as it's mostly paid for by her and my kids. Can't wait!

    Budget still going to plan and I only buy YS meat. If none available then I have a veggie week. I did hit at the right time for fruit and veg this week but one lady annoyed me as she was throwing everything in her trolley and I mean everything. She had I think 6 large packets of grapes. Personally, if there's others around then I only have 1 so as to let everyone have something. My friend took two packs of grapes from her trolley when she dived back in for some more reduced stuff
    LBM.....sometime in 2013 £27,056. 10 creditors
    Aug 17......£18,258.....7 creditors left 32% paid

    £26,200 on interest only part of mortgage (July 16)...will chip away £23,922
    £49,200 repayment mortgage ( July 16) £46,020
    • zenshi
    • By zenshi 6th Aug 17, 10:13 AM
    • 950 Posts
    • 1,954 Thanks
    zenshi
    Been a while since I updated...again! Am rubbish

    Anyway, I've been really busy at work before and following my hol. One problem of being self employed is no holiday pay and I have to cram in my customers so days just get longer.

    I had an amazing time apart from on the last flight home, my e cig was confiscated at customs despite the fact that the airline supervisor stated to the customs guy that they're allowed on the flight, he just went deaf and refused to listen!

    My new roof should be started this week, weather permitting. I have saved hard and it's all paid for

    Debt repayments ticking along nicely, no hassle from any creditors, so all good
    LBM.....sometime in 2013 £27,056. 10 creditors
    Aug 17......£18,258.....7 creditors left 32% paid

    £26,200 on interest only part of mortgage (July 16)...will chip away £23,922
    £49,200 repayment mortgage ( July 16) £46,020
    • zenshi
    • By zenshi 4th Oct 17, 12:03 PM
    • 950 Posts
    • 1,954 Thanks
    zenshi
    Weathers been hit and miss all summer, so the roof has just been done last week. I can relax this winter knowing there'll be no leaks. New to me car fund on track for after Xmas

    I make Xmas cakes as pressies and have made 3 at the weekend, just need to feed and ice them

    With what I saved this year for my roof and car is almost half my total debt, so if I can maintain the work momentum I should be debt free by 2020! Three years earlier than expected and if I manage to bag some discounts, even earlier

    Afternoon off today so off to tackle some wild shrubs in the garden
    LBM.....sometime in 2013 £27,056. 10 creditors
    Aug 17......£18,258.....7 creditors left 32% paid

    £26,200 on interest only part of mortgage (July 16)...will chip away £23,922
    £49,200 repayment mortgage ( July 16) £46,020
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