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  • FIRST POST
    • AleMrsT
    • By AleMrsT 4th Nov 14, 12:03 PM
    • 506Posts
    • 1,245Thanks
    AleMrsT
    Mini meltdown and light bulb moment
    • #1
    • 4th Nov 14, 12:03 PM
    Mini meltdown and light bulb moment 4th Nov 14 at 12:03 PM
    Hi everyone,
    I posted on the forum yesterday and after some soul searching, I have contacted Step Change and am now in the initial stages of sorting a Debt Management Plan. The guy was really helpful, and said I am definitely taking the right steps for the circumstances, and I need to put me first.
    To get it all out in the open and off my chest is going to be the second box ticked on my 'getting my life on track' checklist.
    Number one was admitting that I cannot do this any more. I can't work full time any more, and I can't carry on getting in debt to pay debt.
    With my health deteriorating, I knew I needed to do something, but knew too that I just could not afford part time wages.
    I've figured it out so that I can reduce my hours by one day a week, meaning less sick days overall, so not too much of a pay reduction, but still less money than I need to service my debts with the increasing interest.
    So, Step Change are putting me on Debt Management Plan, it will take me a long time to pay it all off, but least it will be manageable, affordable and I wont have any more mini meltdowns.

    The next step is to have a big chat with the OH, which is the part I'm looking forward to the least. I married him knowing he has an IVA, and that he has 'around £15000' of debt, but I have no idea about anything else, when it will be paid off, how much he's paying, etc, so I want us to sit and have an open chat about the complete bigger picture, so that we can really start to get to grips with everything. I also want to encourage him to embrace being more frugal, I have really tried, I've saved on food shopping by cooking from scratch, with using up what we have, and selling things on ebay to raise money for Christmas, but he's bought a coffee machine, sofa cushions and a wii U, which has thoroughly CHEESED ME OFF. So, a big chat is needed there. (to be fair, I agreed to the Wii U, he had a bonus from work and we have sold the Wii).
    I already feel a bit better, I'm off to Barclays this afternoon to set up a 'basic cash card account' so that I can transfer my PayPal funds and start my (long) debt free journey.
    I will try and update here when I can, but figures as at today are (taken off my Noddle credit report, not called for accurate balances from bank or CC company):
    Loan £2176
    OD £1050 (this is my OD limit, no idea how far into it I am, I daren't look!)
    N CC £2389
    H CC £1971
    TOTAL £7586.

    I am so looking forward to having a bank account without a negative balance!!
    Last edited by AleMrsT; 06-11-2014 at 10:26 PM.
Page 22
    • AleMrsT
    • By AleMrsT 19th Aug 17, 10:52 AM
    • 506 Posts
    • 1,245 Thanks
    AleMrsT
    So far, so good. We have a budget drawn up for September already and are working hard to reduce our spending.

    OH has received confirmation that he is due £330 back for PPI on one of his credit cards, we're just waiting for the cheque and thats going to be paid straight off the holiday balance. With paying for my new glasses and having to add more to the bills account this month I haven't been able to pay any more off the holiday so the £330 is very welcome. He's just waiting to hear back from a few more claims that he submitted so fingers crossed.

    I've done a meal plan for the rest of the month, and will unfortunately have to borrow some money from OH's overdraft to finish the month with as I don't have enough left in my account for the two remaining payments that are due to come out, but any surplus I have once the two payments have come out I'll put back into the holiday.

    OH is at work today and it really feels like a Sunday so I'm pleased to have an extra day off tomorrow too.

    Going to have a sort through the wardrobe and the rest of the house and get listing things on ebay, I had an email about free listings and £1 selling fees this weekend so I might as well make the most of it!
    Debt @ LBM Nov 2014 = £7586.85
    DEBT @ Start of DMP Jan 2015 £7202.85 now £4638.26
    Italy 2018 £2103.44/£803.44 paid
    Weight loss target 35lbs: 9lbs lost/26lbs to go
    • AleMrsT
    • By AleMrsT 27th Aug 17, 5:02 PM
    • 506 Posts
    • 1,245 Thanks
    AleMrsT
    I've sold some of the items I listed on ebay, £68.78 received so far but got to factor in postage costs out of that. Hopefully I'll be able to send some of the items through OH's work so the postage costs will be slightly cheaper, I've massively under charged on postage previously when selling through ebay so hopefully I've got it right this time! Got a few more items that are awaiting payment and I've listed the unsold items on preloved, so hopefully I'll sell a few more to bring the total up a bit more. With OH's PPI payment we've 'made' £399.55 so far.

    All of it minus the postage costs and £40 for a gardener that is coming tomorrow to trim our front hedges down will be paid towards the holiday.

    I have 3 days extra pay being paid in August's pay for over time I have done, plus any bonus that we get this month, which won't be a lot, but I have £100 to pay for my prescription sunglasses, and again any extra will go towards the holiday, meaning in theory we **should** be able to pay at least £400 towards the holiday this month. We do need to get tyres for the car though so we will have to see how we get on, but I'm pleased with the results of my small clear out, I'm sure if I'd spent longer sorting the house out I could have found a lot more tat items to sell.

    We also need to buy a new seal for the shower screen and a new panel for the bath, but hopefully those things shouldnt cost too much, and we don't have any trips planned or hospital journeys for this month.

    OH is at work on lates today then early shift tomorrow so its an evening of ironing for me then an early start tomorrow as the gardener is coming at 9.
    Last edited by AleMrsT; 27-08-2017 at 5:04 PM.
    Debt @ LBM Nov 2014 = £7586.85
    DEBT @ Start of DMP Jan 2015 £7202.85 now £4638.26
    Italy 2018 £2103.44/£803.44 paid
    Weight loss target 35lbs: 9lbs lost/26lbs to go
    • SHill
    • By SHill 27th Aug 17, 6:08 PM
    • 135 Posts
    • 58 Thanks
    SHill
    Can I ask have you been on holiday or are you going?
    • AleMrsT
    • By AleMrsT 27th Aug 17, 6:10 PM
    • 506 Posts
    • 1,245 Thanks
    AleMrsT
    Can I ask have you been on holiday or are you going?
    Originally posted by SHill
    Hi Shill. We go on holiday in May next year.
    Debt @ LBM Nov 2014 = £7586.85
    DEBT @ Start of DMP Jan 2015 £7202.85 now £4638.26
    Italy 2018 £2103.44/£803.44 paid
    Weight loss target 35lbs: 9lbs lost/26lbs to go
    • SHill
    • By SHill 27th Aug 17, 7:36 PM
    • 135 Posts
    • 58 Thanks
    SHill
    really that sounds fantastic ...have a lovely time away
    • AleMrsT
    • By AleMrsT 9th Sep 17, 12:52 PM
    • 506 Posts
    • 1,245 Thanks
    AleMrsT
    OH used his PPI money to buy new tyres for the car which were very much needed, (recommendation on the MOT). I've paid off the balance of my glasses (£102.50) and also managed to pay £100 off the holiday and I still have money left in my account for the rest of the month. I've got £50 in savings for a meal out when we see a show which is OHs birthday present, and still have money in my normal account, if I have any spare at the end of the month I'll transfer it to the holiday even if its only £20 or so. Every little helps as the large supermarket chain says!

    I'm going to approach the rest of the holiday balance how misstara has tackled her debt, instead of waiting until I've got a big chunk of money I'll make payments little and often when I have spare 'change' or have made savings on other things, then still try and make bigger payments as I was anyway. Once that is paid off, I'm going to look into whether I can make payments to OH's credit card from banking app, its not the same bank so unsure how it works but if I can do it then we should be able to tackle the CC head on to get the balance down. With the current payments on the second credit card, he is on track to clear the balance when the 0% deal ends anyway, so we're focusing on the interest accruing CC once the holiday is cleared, so the sooner we can do that, the better.
    Debt @ LBM Nov 2014 = £7586.85
    DEBT @ Start of DMP Jan 2015 £7202.85 now £4638.26
    Italy 2018 £2103.44/£803.44 paid
    Weight loss target 35lbs: 9lbs lost/26lbs to go
    • AleMrsT
    • By AleMrsT 22nd Sep 17, 10:52 PM
    • 506 Posts
    • 1,245 Thanks
    AleMrsT
    I had put some money aside for a meal out on Wednesday when we went to see a show that I paid for for OH's birthday. He had checked the bills account before hand and said that the meal could be paid out of the bills account as we've done really well with keeping our grocery spending low this month, so I still have £50 in my savings account which I will pay off the holiday next week

    In other news, I signed up to a weight loss group, its only £3.50 per month with an initial £15 joining fee, much cheaper than SW at over £5 a week.

    Had a small panic earlier on this week thinking we would need to pay for a new fridge freezer, as it started making horrendous noises then a couple of hours later it was no longer cold. We emptied it and managed to take the contents to our friends so we didnt have to bin them, then we left it switched off overnight to defrost whilst I tried to get in touch with a repair company.

    The company I've used previously no longer do fridge repairs, so we were looking at replacing it. We switched it back on and left it overnight and during the day, and thankfully it seems to have repaired itself. I'm assuming it just got clogged up with ice and the defrosting fixed it which is a relief.

    It has reminded me that we really do need to try and build up and emergency fund. This is on top of paying for the holiday and clearing the other debts. I do think though that without an EF the debt will only increase if we do eventually need a new freezer, so going to sign up to some survey sites and set up another savings account for the beginnings of our emergency fund. I think we'll aim to save £600 as an emergency fund, which is one months rent payment, rounded up. I think anything more than that is a little too optimistic, its taking forever to pay off the holiday so we need to be realistic.

    I think thats all in the way of updates for now, so I'm off to catch up on some diaries then head to bed.
    Debt @ LBM Nov 2014 = £7586.85
    DEBT @ Start of DMP Jan 2015 £7202.85 now £4638.26
    Italy 2018 £2103.44/£803.44 paid
    Weight loss target 35lbs: 9lbs lost/26lbs to go
    • AleMrsT
    • By AleMrsT 23rd Sep 17, 10:54 AM
    • 506 Posts
    • 1,245 Thanks
    AleMrsT
    OH has had a letter this morning for one of his PPI claims. He's being paid a refund. £645! We're so shocked! Thats nearly £1000 that he'll have had back and he's still waiting on replies from two other companies! I think he was expecting a couple hundred pounds at most! I'm so glad he sent the claims off!

    Happy Saturday in the Ale house this morning!
    Debt @ LBM Nov 2014 = £7586.85
    DEBT @ Start of DMP Jan 2015 £7202.85 now £4638.26
    Italy 2018 £2103.44/£803.44 paid
    Weight loss target 35lbs: 9lbs lost/26lbs to go
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