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  • FIRST POST
    • ani*fan
    • By ani*fan 21st Feb 14, 6:56 PM
    • 1,462Posts
    • 3,497Thanks
    ani*fan
    Tales from the city
    • #1
    • 21st Feb 14, 6:56 PM
    Tales from the city 21st Feb 14 at 6:56 PM
    Hi there

    How is everyone? All good I hope. I had a diary on here for a few years called Tales from a Country Cottage. I won't bother with a link, it really wasn't exciting, but I do remember the wonderful support you lovely people offered me, and the joys of matched betting, mystery shopping, online free bingo (that was a good one) and various other strategies for making cash. All good stuff.

    I have since moved to the city, hence the new diary and its new name. This feels very much like a fresh start and my goodness, I need one.

    I was previously determined to clear my debt and at times actually managed to make it go down. Then life happened, threatened redundancy, separation from ex- OH, a house move, and then another one, then an application to do a PhD and various other expensive things that meant I took my eye off the ball.

    And boy, did I...

    My debt is now eye- watering and bigger than it has ever been in my life. I'm scared that I won't make ends meet every month and I have managed to max out 2 credit card in the last 6 months. I am constantly worried that something will go wrong with my car and not only do I have no money to get it fixed, I have no credit either.

    Things are desperate, more so than they have been in years. I have moved to one of the most expensive places in Britain (not my choice, it was where I was offered a training post, £15 for fish and chips...really??) and am currently in a panic that I may need to give up my PhD and move back home. My debt repayments every month are massive and sometimes I can't cope with checking my accounts online.

    So I was sat here feeling helpless and depressed and wondering what on earth I was going to do. Then I remembered this place. And suddenly I'm all inspired again.

    Maybe, just maybe, there's a chance I can sort this out.

    I know what needs to be done. I have to sort out my spending, I have to cut back on everything, I have to find ways to make extra cash, I have to seek out freebies, I have to find ways to live cheaply and most importantly I need to PAY OFF THE DEBT.

    I can do it. And you are all my inspiration.

    Thank you so much for reading and if you want to drop by and share your thoughts, feel free.

    Time to get started!

    a*f








    If you know you have enough, you're rich.
Page 44
    • in need of direction
    • By in need of direction 12th Jun 17, 8:54 AM
    • 4,303 Posts
    • 24,047 Thanks
    in need of direction
    That is such a testament to your relationship and such a lovely thing for them to do. Enjoy
    Mortgage at 01.01.14 £119,481.83 today £82,269.82, target £75,000 by 31/12/17 Offset fund today £3,955.43 target £5,500 by 31/12/17
    Emergency fund £5.5k & £200 cash.
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • ani*fan
    • By ani*fan 15th Jun 17, 6:29 AM
    • 1,462 Posts
    • 3,497 Thanks
    ani*fan
    Thanks inod. It really is lovely of them, I still can't quite believe it but I did get on my spreadsheets yesterday and knock that debt and the repayments off. We are in such a stronger position because of this. The relief is unbelievable.

    We haven't done loads of work on the flat this week as we are both exhausted with it all. I've a few things to finish up for my training course which ends soon so I've been doing that, and preparing for the summer break. OH is off work today and tomorrow, and we will both be off for a couple of weeks in July. We're planning to visit some friends for a few days but other than that, just stay home, do some diy and arrange some things as and when we feel like it, like getting the chimney swept, and take it easy. There's been a lot to deal with lately. We need a break. I've come to realise that my enormous list of things that need doing is not going to go down fast, so we need to settle in for the long haul.

    My minimum payments have been made this month so I need to update my total. No overpayments yet but there is still some month left so we'll see. I got my dad a wee gift for Father's Day yesterday and posted it off. I wish I had more space at the minute to go and visit my family but it's just not to be. Ah well.

    Happy debt busting everyone.
    If you know you have enough, you're rich.
    • ani*fan
    • By ani*fan 17th Jun 17, 5:27 AM
    • 1,462 Posts
    • 3,497 Thanks
    ani*fan
    I have made a major mistake with the cash. In all the fuss of the house move, I forgot to move money into the account one of my CCs is paid from. The £25 DD bounced. I noticed and paid it manually a couple of days later.

    I have been charged £10 by the bank and also have 2 x £9 charges from Virgin CC. I thought that'd be the end of it and planned to phone them and ask to get the charges refunded. You can only ask, right? However, I've now noticed £20.56 of interest has been added to this card. After a quick search on here, I realised I have lost the 0% deal.

    Total cost so far of this mistake = £48.56. Seriously?

    Potential further costs due to interest being added until planned 0% deal ends in October next year = £320.

    Grand total £368.56

    This is a total reminder of how scary this debt juggling game can be. One small mistake and suddenly you're in trouble again. Fortunately it's my smaller Virgin card, £1400 -ish on it now and not the other one which is closer to £5k. It could be worse. I'm gutted, but also on it to find a solution.

    This card will now need to be paid off and closed. We have cash in the wedding fund we can do that with but that'll leave us short for the wedding. With all our other priorities just now this is not ideal. We have £1k flat deposit due back to us which we'd planned to put towards the new windows. That cash might need to be redirected now. OH may be able to balance transfer it to her 0% CC, I might be able to transfer some to my other one, I don't know and will need to look into it today and find out how much that would cost.

    This could easily be a disaster but we have resources to deal with it. Thankfully. Wish me luck as I try to sort it out today, lovely people.
    If you know you have enough, you're rich.
    • misstara
    • By misstara 17th Jun 17, 6:47 AM
    • 2,215 Posts
    • 15,400 Thanks
    misstara
    Good luck ani, what a pain!
    Debt at LBM Jan 2014 £10458.09 Now £0
    New flat debt Jan 2017 £2302.75 Now £1666.04 (27.6% paid)
    Mini Targets
    Exercise target - 5/12. Groceries target £104.25/£150. NSD target 11/16.
    • ani*fan
    • By ani*fan 17th Jun 17, 8:42 AM
    • 1,462 Posts
    • 3,497 Thanks
    ani*fan
    Thanks misstara, it is a pain indeed. I meant to post my congrats on your diary about your original debt being gone, you're amazing, what an inspiration, well done!!

    Part of me also thinks this CC problem is the universe giving me a wee nudge about the debt. I'd definitely been resting on my laurels there, or rather on my 0% CCs, and not worrying too much. If we end up using the flat deposit and wedding fund (need to wait for OH to wake up and chat about it) then the race is on to get the wedding fund topped up again before October and work out another plan for the windows. But the debt would shrink to £6,750. Omg, now that would be wonderful. Under £7k?? Amazing!
    If you know you have enough, you're rich.
    • ani*fan
    • By ani*fan 17th Jun 17, 10:15 AM
    • 1,462 Posts
    • 3,497 Thanks
    ani*fan
    OH was in agreement about using the deposit and wedding fund. So I've just paid my Virgin credit card in full.

    Debt today
    £6,750

    Wow.

    The situation now is:

    HSBC £4950
    Overdraft £1800

    Down to 2 debts. Yippee!
    If you know you have enough, you're rich.
    • in need of direction
    • By in need of direction 17th Jun 17, 11:57 AM
    • 4,303 Posts
    • 24,047 Thanks
    in need of direction
    Brilliant news and a timely reminder. I'm quite capable of working out how bills will be paid then forgetting to actually make the payment. So far, I've remembered in time but it's always a niggle.
    Mortgage at 01.01.14 £119,481.83 today £82,269.82, target £75,000 by 31/12/17 Offset fund today £3,955.43 target £5,500 by 31/12/17
    Emergency fund £5.5k & £200 cash.
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • misstara
    • By misstara 17th Jun 17, 3:35 PM
    • 2,215 Posts
    • 15,400 Thanks
    misstara
    I meant to post my congrats on your diary about your original debt being gone, you're amazing, what an inspiration, well done!
    Originally posted by ani*fan
    Thanks ani and congratulations on being under 7k
    Debt at LBM Jan 2014 £10458.09 Now £0
    New flat debt Jan 2017 £2302.75 Now £1666.04 (27.6% paid)
    Mini Targets
    Exercise target - 5/12. Groceries target £104.25/£150. NSD target 11/16.
    • Eager_Elephant
    • By Eager_Elephant 18th Jun 17, 9:28 AM
    • 3,927 Posts
    • 20,581 Thanks
    Eager_Elephant
    Phew, crisis averted. Well done on paying another card off.

    If it happens again, which I know it wont try to call them. I once bounced a DD on a 0% card and as it was my first time they removed the fee and reinstated the 0%.
    Ninja Saving Turtle No. 6 for June
    NSD - 3/15
    (up to 6/6/17)
    My Diary is here - http://forums.moneysavingexpert.com/showthread.php?t=2175629 (Eager Elephants Effective Everyday Excursion)
    • ani*fan
    • By ani*fan 19th Jun 17, 5:57 AM
    • 1,462 Posts
    • 3,497 Thanks
    ani*fan
    That was good of them Eager_Elephant, I don't think I've ever heard of CC people being nice. These things are always worth a try, so I'll be phoning them today to try and get the charges dropped. We'll see.

    It does feel good to have another card paid off though. Still smiling about that today.

    We took the future in-laws out for Sunday lunch yesterday to celebrate Father's Day. I had a lovely time but we spent more than I'd budgeted for. Hmm. Worth it though.

    This should be a very quiet week with no extra spends or anything. Good.

    Happy debt busting.
    If you know you have enough, you're rich.
    • ani*fan
    • By ani*fan 19th Jun 17, 6:36 AM
    • 1,462 Posts
    • 3,497 Thanks
    ani*fan
    Also meant to mention, we still haven't sorted out the finance for the windows. We're waiting to hear about the grant and 0% loan, and we have a guy coming to properly measure up on Wednesday after which the windows will get made so we have to pay for them. I'm a tad worried about that. It should work out but you never know.

    Also, in an attempt to seperate this CC debt and overdraft from new debt such as the windows, we've been having a think about not really knowing what the previous debt got acccrued for. OH has started referring to the CC debt as pizza debt. Which it probably was.
    If you know you have enough, you're rich.
    • in need of direction
    • By in need of direction 19th Jun 17, 10:28 PM
    • 4,303 Posts
    • 24,047 Thanks
    in need of direction
    I once had a handbag debt
    Mortgage at 01.01.14 £119,481.83 today £82,269.82, target £75,000 by 31/12/17 Offset fund today £3,955.43 target £5,500 by 31/12/17
    Emergency fund £5.5k & £200 cash.
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • ani*fan
    • By ani*fan 20th Jun 17, 6:34 AM
    • 1,462 Posts
    • 3,497 Thanks
    ani*fan
    I once had a handbag debt
    Originally posted by in need of direction
    Love it, what are we like eh? Think ours could also be red wine debt. Makes me sound like I have a problem...

    MSE score yesterday, phoned the bank and got my £10 charge dropped. I still need to phone Virgin about the 2 x £9 charges, hopefully they're just as reasonable.
    If you know you have enough, you're rich.
    • ani*fan
    • By ani*fan 20th Jun 17, 7:49 PM
    • 1,462 Posts
    • 3,497 Thanks
    ani*fan
    More good news. I got accepted for a 0% for 30 months on spends credit card from Santander, so nice and easily managed with my bank account login. So that's most of the finance for the windows sorted. Just need to wait to hear about the government 0% loan and grant part, and apparently we should hear by Monday at the latest.
    If you know you have enough, you're rich.
    • Eager_Elephant
    • By Eager_Elephant 21st Jun 17, 6:59 AM
    • 3,927 Posts
    • 20,581 Thanks
    Eager_Elephant
    Love it, what are we like eh? Think ours could also be red wine debt. Makes me sound like I have a problem...

    MSE score yesterday, phoned the bank and got my £10 charge dropped. I still need to phone Virgin about the 2 x £9 charges, hopefully they're just as reasonable.
    Originally posted by ani*fan
    Excellent work with getting the £10 charge dropped - fingers crossed Virgin do the same
    Ninja Saving Turtle No. 6 for June
    NSD - 3/15
    (up to 6/6/17)
    My Diary is here - http://forums.moneysavingexpert.com/showthread.php?t=2175629 (Eager Elephants Effective Everyday Excursion)
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