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    • lcc86
    • By lcc86 28th Nov 14, 7:15 PM
    • 652Posts
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    lcc86
    A new debt free journey
    • #1
    • 28th Nov 14, 7:15 PM
    A new debt free journey 28th Nov 14 at 7:15 PM
    Hi all,

    I'm a long time lurker but first time poster. I was reading the 1% challenge and it's inspired me. So here's the background...

    Moved out of home aged 21 but stupidly thought I could keep spending as if I still lived at home. I wanted to maintain my lifestyle and social life! I ended up spending thousands on credit card and loans for cars, clothes, nights out, even my rent when I felt like it. I don't think I truly understood at that time how stupid it was to withdraw cash from a credit card to pay your rent, but we live and learn!

    I was able to get a mortgage aged 25 due to some inheritance and then it really hit me that I needed to change.

    I consolidated my debts into one loan, got a second job, and absolutely worked myself into the ground for 2 years to clear the best part of 10k in useless debt (with nothing to show for said debt either).

    Then in March I was almost debt free when I was offered my dream job. The only catch was it was a 60 mile daily commute and my car was nowhere near economical enough. I worked out that I'd be better off borrowing than trying to save while paying out loads for fuel. So I reluctantly took the plunge, borrowing from parents and a 0% credit card.

    I then decided my home really needed decorating as it was shabby and had nothing of my own personality in it, and I dont know what happened but I ended up putting another 2k on credit card. So, back there again, and I decided to consolidate as my 0% was due to end so now I've just got a loan, which will cost me all in £8624 inckuding interest over 5 years. But I worked so hard to be debt free and came so close that I want to do it quicker, and was inspired by the 1% challenge another poster has used.

    I've decided to amend it a little and just save 1% whenever I can and pay it off while selling unwanted goods and taking on a little additional part time work. I can't work as much as I'd like due to studying, so progress may be slower than it was last time, but I'm desperate to be debt free again properly this time!

    Yesterday was pay day so I set aside my first 1% (rounded it up to £87) and got it paid this morning! I'm £20 on my way to my second 1%. I've listed some things on Amazon to sell (I won't use eBay due to fraud), will put any work expenses towards my debt, any additional wages and money not spent from my petrol/food allowance. I'm not crafty at all so am mainly going to have to rely on selling stuff and working more to do this, but here's hoping I can do it forever this time!!

    I hope you can join me on this journey
Page 28
    • Purplemumof2
    • By Purplemumof2 10th Sep 16, 5:23 PM
    • 3,557 Posts
    • 10,540 Thanks
    Purplemumof2
    Hi lcc86 **waves**
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    BC: £9250.00 Overdraft: £2750.00

    15-20 NSD - 5/20, 10 LSD - 3/10, 15 AFD - 1/15, Lunches to work 9/20

    20p Savers 2016 £2 Savers 2016 50p Savers 2016 SPC 9 2016 #003
    • lcc86
    • By lcc86 11th Sep 16, 8:47 AM
    • 652 Posts
    • 994 Thanks
    lcc86
    Hi lcc86 **waves**
    Originally posted by Purplemumof2
    Hi PMO2!
    1/12/14 total £9,140 Today £5,255 42.5% paid

    £1011 saved towards 'The Move' as of September 2016 £82 saved towards citizenship £100 saved towards Xmas 2016
    • lcc86
    • By lcc86 11th Sep 16, 9:04 AM
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    lcc86
    Yesterday wasn't a NSD after all. OH and I were going to go to Southend - we've been meaning to go since May and finally got round to it but the weather was pants so we decided against it. Ended up watching football and having something to eat in a local pub. I spent £15 so not the end of the world. I'm sure I'm getting stingier by the second, I seem to begrudge spending anything these days if it's not already planned for!!

    Today I may have to spend a few £'s on toiletries so another spend day. This'll mean I've still only had 4 NSD's this month so far. I REALLY need to step up if I'm to hit this target!

    Today I'll mainly be doing some studying and working out. Getting a bit annoyed with my course tutor, it seems that every little example I submit isn't good enough but the feedback I get is so vague that it doesn't help me improve.

    Anyway, time for breakfast and then I'll crack on.
    1/12/14 total £9,140 Today £5,255 42.5% paid

    £1011 saved towards 'The Move' as of September 2016 £82 saved towards citizenship £100 saved towards Xmas 2016
    • Florence J
    • By Florence J 12th Sep 16, 7:50 PM
    • 709 Posts
    • 3,371 Thanks
    Florence J
    Try not to feel down about only have 4 NSDs. I've only had 3!! The month is still young.

    I know exactly how you feel about spending money on things that weren't pre-planned. I really hate it too!
    Sealed Pot Challenge #553
    2016: Sell £1000 #51 (£340.03/£1000)
    Completely Crazy Clothes Challenge 2016 = £262.95/£310
    Wombling free 2016 = £404.24
    • lcc86
    • By lcc86 13th Sep 16, 6:52 PM
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    • 994 Thanks
    lcc86
    Thanks Florence, have managed 2 more NSD's now so that's 6/15 for me since payday. Weekdays are always easiest!

    Not much to report. Spends are looking fine, food budget is looking fine, work is fine. All quiet, just how I like it! Starting my vegan health kick tomorrow so will see how that goes. One to two weeks is the goal.

    A work colleague has just quit to go travelling for a couple of months, am starting to get itchy feet and wanting to do the same now... Am formulating a plan in my mind for a month in Australia it would be at least 18 months from now but if I can save the money up then I don't see why not! I first went there at a really tough time in my life in 2007 and in theory it was the start of me getting into debt, so if I could go back in 2017 once I'm debt free it would almost be like coming full circle. Anyway, enough rambling, time to cook some dinner!
    1/12/14 total £9,140 Today £5,255 42.5% paid

    £1011 saved towards 'The Move' as of September 2016 £82 saved towards citizenship £100 saved towards Xmas 2016
    • lcc86
    • By lcc86 18th Sep 16, 5:11 PM
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    • 994 Thanks
    lcc86
    Haven't updated for a few days. Have had a couple of spendy days - hair dye, food, and went out for the day yesterday to watch a friend do some motor racing so spent on lunch. Altogether nothing major though. The veganism didn't last as long as I'd hoped, it's tough! Am trying again on Monday... I also treated myself to some expensive makeup yesterday, it was nice to have some spare cash with which to buy something and not put it on the old credit card!

    Anyway, back to work tomorrow. No plans really next week so should be able to clock up those NSD's. I have 7 more to get if I'm to hit my target of 15 in September. Am also still making a PAD to my cc as well.
    1/12/14 total £9,140 Today £5,255 42.5% paid

    £1011 saved towards 'The Move' as of September 2016 £82 saved towards citizenship £100 saved towards Xmas 2016
    • lcc86
    • By lcc86 19th Sep 16, 4:39 PM
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    • 994 Thanks
    lcc86
    Frustrating day today. My bank have suddenly done a u turn on the lease extension for our new house and have decided it needs to be registered prior to completion (we previously were going to have it registered on completion). So... This could screw up the entire thing really, the vendor is desperate to complete and this could drag it out for months or worse, make the whole thing fall through. Am really p*ssed off with the bank, the mortgage advisor is trying to sort it with the help of the solicitor, but I'm not getting my hopes up. Seems to be one thing after another with this sale/purchase, am getting pretty fed up of it tbh. Lease extensions happen all the time, I don't understand why they're being so difficult when we're weeks away from completion. If they screw this up I'll be closing my accounts with them and going elsewhere that's for sure.
    1/12/14 total £9,140 Today £5,255 42.5% paid

    £1011 saved towards 'The Move' as of September 2016 £82 saved towards citizenship £100 saved towards Xmas 2016
    • lcc86
    • By lcc86 21st Sep 16, 5:54 PM
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    • 994 Thanks
    lcc86
    Feeling abit down over the last couple of days if I'm honest. Feel like I'm slogging away constantly and never see any results. This stuff with the house is just the latest example in my head, feels like no matter how hard I try something will always come up and ruin it. Sometimes I wonder why I bother trying to better myself, to better my life because it never seems to work. If this sale/purchase falls through I'll have wasted so much money on legal fees and it's money that could've gone towards my debt. I'm starting to wonder whether it was even worth trying to move, even with all the impending development outside my house. Maybe I should've just paid my debt off instead.

    Work is also a bit rubbish, it's quiet and I get bored. We have three people doing my job when I could do it myself with no bother whatsoever, and it's getting tedious. I know I shouldn't complain, some people would love to have less to do, but for me, I hate it, and it just makes me bored. I also feel a little bit like I've failed a little bit in my job, won't go into details here but I set myself some VERY realistic targets which should've been achievable within 10 months, but I haven't hit them... It's just a bit shitty.

    Most of all I think I'm fed up of seeing people online enjoying their lives, travelling the world,, having children, nice houses, nice cars, and great experiences. I can't even afford to go to the pub on a Friday night despite busting my gut for four years to have a better life. It just makes me think f**k it, why am I bothering? I'm just bored of it all, bored of putting life on hold ALL the time. It's just a crappy feeling. If I'm honest, if this purchase falls through I'm probably gonna let my debt take a massive back seat and just enjoy life for a while. There's no need to try and be debt free by X date because all it does is make me miserable. Don't get me wrong, I don't want loads of material things or designer goods, far from it, I just want to be able to go to the pub if I want to or go and see a beautiful part of the country without feeling constantly stressed over money.
    1/12/14 total £9,140 Today £5,255 42.5% paid

    £1011 saved towards 'The Move' as of September 2016 £82 saved towards citizenship £100 saved towards Xmas 2016
    • lcc86
    • By lcc86 22nd Sep 16, 8:27 AM
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    • 994 Thanks
    lcc86
    Still feeling a bit cr*ppy today. I won't hear anything about the mortgage until at least Friday. Tbh I'm not holding out any hope whatsoever as my mortgage advisor said he's already been to all of his managers to try and get them to see sense and they haven't accepted it, so probably got no chance even with my solicitor writing to them to explain things. My friend has given me the details of her mortgage broker, hopefully I won't need to go down that route but I want to be prepared just in case. I don't want to lose my sale and purchase at this late stage.


    Been thinking more about why I feel 'down' about work. I don't think some of my colleagues respect my role and see it as an add-on that's not particularly essential. Some have made a few comments in my time here and also I've observed people's attitudes to my role as well. It seems to be very much a case of they can take it or leave it, it doesn't really matter. I think I also miss doing case work and being bored when all my colleagues are busy isn't helping. I feel like a bit of a fraud for sitting here almost twiddling my thumbs when they're up to their eyeballs, and bizarrely, I miss that feeling! I need to speak to my manager about perhaps moving into case work, because I love where I work, the people I work with, and this field, and I don't want to become disillusioned with it, which is what I fear could happen.
    1/12/14 total £9,140 Today £5,255 42.5% paid

    £1011 saved towards 'The Move' as of September 2016 £82 saved towards citizenship £100 saved towards Xmas 2016
    • lcc86
    • By lcc86 23rd Sep 16, 5:38 PM
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    • 994 Thanks
    lcc86
    No real updates to report. Have had 5 NSD's this week - being at work is always good financially as we have no shops nearby! Tomorrow will be a spending day as I have horse riding in the afternoon but that's all I have planned.

    I heard from my mortgage adviser but no updates. He is trying one last thing to get them to hopefully change their minds, if not I'm in a really difficult position. I personally am being a bit of a doom goblin and I'm convinced it's going to be bad news. I'm a worrier and a pessimist, no matter how positive I try to be I always have the negative gnawing at the back of my mind, I think that's just my personality. But it just always seems to be the way things go, just when I think I'm getting ahead, reality bites. And it's always financial. Feels like I'm destined to never catch a break financially. If the whole sale and purchase fall through, that's £1,500 down the drain once I take into account legal fees, surveys etc. If I'd been able to chuck that at my debt, I'd owe less than £4,000! I haven't owed that little for over two years. It's depressing...

    I don't know what more I can do to be honest. I'm sure I was happier when I had my head buried in the sand in regards to my debt! it's 100% in the hands of others now. All I can do is wait and have a very, VERY large glass of wine this evening to try and forget all about it.
    1/12/14 total £9,140 Today £5,255 42.5% paid

    £1011 saved towards 'The Move' as of September 2016 £82 saved towards citizenship £100 saved towards Xmas 2016
    • lcc86
    • By lcc86 24th Sep 16, 9:44 AM
    • 652 Posts
    • 994 Thanks
    lcc86
    Managed to enjoy a bit of a lie in this morning. Need to pop to the shops for a couple of foody bits but that's it today. Think I'm going to force myself to go for a walk somewhere, i just need to get out and clear my head. I should also clean the house but i keep thinking to myself that if we're moving it's a waste of time! I really should though.

    Horse riding at 4pm so lots of time to do chores. I also need to pop to the bank to pay in £10 which I didn't spend last weekend, can use that for my PAD's next week.

    I'm really feeling the urge to splurge so I need to keep my mind occupied to try and get rid of that feeling. I think its because I'm so stressed over money and the flat that I (wrongly) think buying something will make me feel better and right all the wrongs in the world!! must resist!!
    1/12/14 total £9,140 Today £5,255 42.5% paid

    £1011 saved towards 'The Move' as of September 2016 £82 saved towards citizenship £100 saved towards Xmas 2016
    • lcc86
    • By lcc86 24th Sep 16, 6:30 PM
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    • 994 Thanks
    lcc86
    Today has ended up being a really nice day. I walked a couple of miles to the neighbouring town and sat outside a coffee shop to have lunch, treated myself and spent £4. Then walked back home, so a nice bit of exercise all in all, probably walked for about 90 minutes. It was good to get out and clear my head. I went into a shop which had loads of knick knacks which I REALLY wanted to buy, but I stuck to my guns and resisted. I did get a birthday card for OH as it's his birthday soon.

    My riding lesson was pretty good as well, did a little canter which I wasn't expecting as I haven't been for a few weeks, and that really boosted my mood. I wasn't looking forward to going as my last lesson was very challenging so this was really positive. Now I'm just going to chill with one of those mini bottles of wine before dinner and a bath.

    Also it's getting towards the time where I need to review September's targets, so here goes:


    So now onto September's targets:

    1. Extra PAD to my credit card. Probably just £1 a day but every little helps. - achieved this one. It has just been £1 a day, but it all adds up, especially as I haven't been able to focus on my debt as much as I'm saving for moving.

    2. 15 NSD's minimum. Particularly as I don't know what's happening with the move, I just need to reign it in a bit to make sure I have funds available for anything unexpected. I've achieved this, but the problem is I've still spent all of my money! Which I think somewhat defeats the purpose of NSD's!

    3. Sort the house !!!! out! Pretty self explanatory, just need to find out what's going on and then implement anything which I need to - well... we all know how that's going. The less said the better right now. This was probably an unrealistic target to set because it's outside of my control.

    4. Keep improving my riding. This is my one hobby and I seem stuck at a certain point so I really want to keep going and push it further - based on the two lessons I've done this month, I think I've improved.
    Originally posted by lcc86
    So time to think about October's targets:

    1. Extra PAD to my Very account. I have about £350 on there in total and want to buy a sofa using it, so I want to make extra payments to help offset that.

    2. Finish my course work. I've almost finished my professional qualification but need to have a meeting observed, which you'd think would be easy but it involves getting victims of crime and offenders round the table so it's really hard. What I need to do is finish the theory side of the course so that I can focus 100% on the practical side.

    3. Start Christmas shopping. Pretty self explanatory. Need to get lists together and then have a look around for some bargains!

    4. Do something for myself every weekend. This one is mainly because the last few weeks I've felt quite low. I don't mean anything expensive or any grand gestures, it could just be going for a walk and a coffee, or meeting a friend. I just need to make it happen.

    5. Go back to weekly budgets. I used to split my spending each week, but stopped this a while ago as I felt I had a much better handle on my spending. Unfortunately this seems to be changing, and I'm spending the majority of my money at the start of the month, leaving me nothing at the end. I've almost finalised October's budget, it just depends what happens with the house. But I know what I have available to spend. I've allowed myself £20 a week unallocated funds to spend, so we'll see how we get on!

    Right, off to open that wine and chill in front of the TV for a bit before having dinner and a bath.
    Last edited by lcc86; 24-09-2016 at 6:34 PM.
    1/12/14 total £9,140 Today £5,255 42.5% paid

    £1011 saved towards 'The Move' as of September 2016 £82 saved towards citizenship £100 saved towards Xmas 2016
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