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  • FIRST POST
    • GoingToDoIt
    • By GoingToDoIt 13th Oct 15, 5:43 PM
    • 290Posts
    • 1,299Thanks
    GoingToDoIt
    Do One, Debt!
    • #1
    • 13th Oct 15, 5:43 PM
    Do One, Debt! 13th Oct 15 at 5:43 PM
    Hello,
    I've been lurking for a while knowing that I need to do something about my growing debts, now I have finally taken the plunge and started a diary :
    I used to be the ultimate moneysaver! I can't believe how bad I have been in the last few years- missed payments on cc's for no good reason!?! My mental health suffered after being bullied at work a few years ago. I started smoking again, gained weight and lost control of my finances. I quit my job with no job to go to and that accounts for 50% of my debts ( 6 weeks unemployed) the rest is new carpets and a new mobile phone. Apart from that it's from...smoking!
    I have now been a non-smoker for over 4 weeks so that is around £250 I've not spent.
    I also need to get fitter, eat better and lose around 30kg. I know some people think "one thing at a time" however I feel they are all connected and as one improves the others naturally follow.
    Will post some more info on my financials in due course...
    Thanks for reading...Gonna
    Last edited by GoingToDoIt; 13-10-2015 at 5:44 PM. Reason: Spelled name
    Apr 16... Hfax £2551/1782 Vrgin £3420/3187 MBNA 2 £2100/0 MBNA1 98/0
    Total cc 0% debt £8364/4969 Updated 2 Nov 16
Page 12
    • GoingToDoIt
    • By GoingToDoIt 14th Aug 16, 6:52 PM
    • 290 Posts
    • 1,299 Thanks
    GoingToDoIt
    Not sire how best to deal with this
    1. I spelled "sure" as "sire" and I can't change it.
    2. I don't have any money coming in until payday, the 25th so 10 days, a week and a half.
    The trouble isn't just that I've no money left, I have also overspent the equivalent of next month's money as well.
    Part of me thinks I have done great in reducing spending, and part of me thinks that I still have not fully adjusted my mindset to "respect" money or budgeting. I'm still in a very "boom/bust" cycle.
    Fortunately the overspend only costs a few pennies in overdraft interest, I only have two more payments to the saving account then I can revise my budget. I think also having no extra income makes it seem bleaker, no bay sales left to do, not ready to cash out any swaggy or inbox£s. I do have the survey on Tues hopefully that is £60 cash which I'll use to pay overdraft.
    Still doing good with LTW last week used freezer goods. Have decided that emergency tin of soup is a rubbish standby as soup is not cheap (sorry I do buy brand names there, I tried cheaper and it was a no) so my new "emergency tin" is value rice pud £0.15p
    Think I'm a bit tired, this feels like a whiney post! Here's a round up of my fave bargain buys since becoming mse last year

    L!dl
    branfl@kes 59p
    Fin carre dark chocc bar 35p
    Feta cheese 89p
    Low fat mature cheddar £1.49 for 350g big block

    Tesc0
    value cornfl@kes 25p
    Value rice pud 15p
    Value Caramel wafers 45p
    Value choc chip cereal bars 70p
    Jammy rings 40p

    Pound L@nd
    Vo5 intensive conditioner £1 (as good as auss!e 3 min miracle)

    W@itrose
    Essentials teabags 40p
    Essentials soya milk 68p with my waitrose card

    H0lland and Barrett
    Veget@rians choice sausages 99p
    Last edited by GoingToDoIt; 14-08-2016 at 9:41 PM.
    Apr 16... Hfax £2551/1782 Vrgin £3420/3187 MBNA 2 £2100/0 MBNA1 98/0
    Total cc 0% debt £8364/4969 Updated 2 Nov 16
    • Orange Ena
    • By Orange Ena 15th Aug 16, 12:25 AM
    • 1,060 Posts
    • 2,597 Thanks
    Orange Ena
    Ah gonna, sorry to hear things are a bit tight. You've had a lot going on in the last few months so thing are bound to have taking a battering.

    Not all that long ago, I'd transfer money to my little savings accounts but well before payday, they'd be zeroed down as I'd ran out of money. It's so hard. Have you tried YNAB? I can't remember. That's been a winner for me really, and having lots of little savings accounts that I pretend don't exist. Things will be better in a couple of months so hang on in there.

    Have you tried mystery shopping? Comps? Looking for roadkill?

    A few more of those research projects would be nice eh?
    Ll0yds CC £3180.05 £2779 / H@lifax CC - £1490 £0
    Nati0nwide CC - £558 £0 / Barcl@ycard CC - £890.80 £0
    Debt Apr 15 £6895.44 / Jul 15 £6330.30 / 5th Jan 16 £5217.26 / 4th Feb £4340 / 5th Apr £3505
    Every penny is a prisoner
    • GoingToDoIt
    • By GoingToDoIt 17th Aug 16, 7:42 PM
    • 290 Posts
    • 1,299 Thanks
    GoingToDoIt
    Thanks Ena. I think that really I just can't manage on £250 per month for food and entertainments.
    It's not really that much money, say £60 per week for 3 meals a day plus any meals out (Nandos) and any bits and bobs like clothes, tights, toiletries, household stuff, make up.
    I'm sure that it's possible to manage on that amount, but I don't want to try that hard! I could give up the odd meal out, and just eat boiled rice and veg every day but I think I would be very miserable and a bit ill! And to be fair I'm only going over by £50 each month. Not bad going all in all.
    £60 research paid in cash, thanks very much! Unfortunately I spent it all virtually straight away as my best friend became unwell so taxi fares, and food out last night and today, has eaten more than half of it up. So that's a shame, although it would be more of a shame if I hadn't had the £60. It would have gone to the rdf and technically this was a very rainy day emergency.
    I'm not doing ynab- I do have a separate accounts for bills, xmas&bday savings, hairdresser money, which works well. I have £80 saved for xmas and I am Not Touching It as that is the way to skintness, no doubt about it!
    I can have more to live on when I'm not paying debts back
    Apr 16... Hfax £2551/1782 Vrgin £3420/3187 MBNA 2 £2100/0 MBNA1 98/0
    Total cc 0% debt £8364/4969 Updated 2 Nov 16
    • Orange Ena
    • By Orange Ena 22nd Aug 16, 11:23 PM
    • 1,060 Posts
    • 2,597 Thanks
    Orange Ena
    I can have more to live on when I'm not paying debts back
    Originally posted by GoingToDoIt
    This made me chuckle. Won't it be a lovely day when our debts are paid and all our money is ours to keep or spend or save. We're getting there
    Ll0yds CC £3180.05 £2779 / H@lifax CC - £1490 £0
    Nati0nwide CC - £558 £0 / Barcl@ycard CC - £890.80 £0
    Debt Apr 15 £6895.44 / Jul 15 £6330.30 / 5th Jan 16 £5217.26 / 4th Feb £4340 / 5th Apr £3505
    Every penny is a prisoner
    • GoingToDoIt
    • By GoingToDoIt 28th Aug 16, 9:10 AM
    • 290 Posts
    • 1,299 Thanks
    GoingToDoIt
    Credit card time
    I'm not sure what my budget is or was, but we can consider it "blown" after recent events.
    -I had a big night out with best mate. It was great, long overdue, but cost over £50
    -I have spent £40 on charity sponsorships.
    -I've been eating out
    -I just ordered £150 of clothes in the sale (won't keep them all though!)
    -I bought a new set of crockery because I saw one I liked and my current one is chipped

    I'm just going to have to rob peter to pay paul for a while, by taking out another money transfer on MBNA I guess

    I need to look at slowing down the pace of repayment after Oct, when the last saver payment goes.
    I think I have to repay mbna 1 by November so I will be able to get that monkey off my back at least.
    Apr 16... Hfax £2551/1782 Vrgin £3420/3187 MBNA 2 £2100/0 MBNA1 98/0
    Total cc 0% debt £8364/4969 Updated 2 Nov 16
    • Poor_Single_lady
    • By Poor_Single_lady 28th Aug 16, 9:25 AM
    • 453 Posts
    • 1,059 Thanks
    Poor_Single_lady
    Sometimes its easy and we can do it and sometimes we just need things! To be honest its quite important they you have plates for your kitchen. Clothes are important. And where on earth would any of us be without our bff's.
    I hope you are being kind to yourself.

    Good luck with clearing the mbna. Xx
    Debt at June 2016 £14,600
    2017 pay off loan and first credit card
    Have less debt and be happier
    • Orange Ena
    • By Orange Ena 30th Aug 16, 11:55 PM
    • 1,060 Posts
    • 2,597 Thanks
    Orange Ena
    Don't be too hard on yourself gonna, sometimes we need to say blow it, spend whatever and then refocus. Small steps and we will get there
    Ll0yds CC £3180.05 £2779 / H@lifax CC - £1490 £0
    Nati0nwide CC - £558 £0 / Barcl@ycard CC - £890.80 £0
    Debt Apr 15 £6895.44 / Jul 15 £6330.30 / 5th Jan 16 £5217.26 / 4th Feb £4340 / 5th Apr £3505
    Every penny is a prisoner
    • GoingToDoIt
    • By GoingToDoIt 2nd Sep 16, 10:40 AM
    • 290 Posts
    • 1,299 Thanks
    GoingToDoIt
    Thanks PSL and Ena, I'm ill again at the moment and just a bit fed up of being tired, run down etc.
    I'm going to do some sums later and work out how to deal with things.
    Apr 16... Hfax £2551/1782 Vrgin £3420/3187 MBNA 2 £2100/0 MBNA1 98/0
    Total cc 0% debt £8364/4969 Updated 2 Nov 16
    • GoingToDoIt
    • By GoingToDoIt 2nd Sep 16, 9:35 PM
    • 290 Posts
    • 1,299 Thanks
    GoingToDoIt
    Refocus
    Well at home and ill and moping, it istime to refocus and be positive.

    I double checked all bank accounts and ccs. I have moved things around and paid things off. For the rest of the month I should be able to survive on £120. I am £370 into my £500 overdraft. I have cashed out £15 swaggy and £15 from Tcb. If I keep any of the clothes I ordered, that may just cover it. Otherwise it's a small rdf/buffer.

    Next month I will have to live in the overdraft again, or in effect live on my £250 allowance.
    When I get paid on Oct 25 I will not need to pay £300 into my saver and so I can pay off a chunk of overdraft.

    In the first week of Nov, my saver will mature and I will use it to pay off £1900 from Halifax which must be paid by Jan, and £1900 MBNA which must be paid by Nov. This will nearly halve my debt and will kill off the monthly £25 mbna payment. That's just 2 months away

    I could have balance transferred the overspend to the empty mbna but I'm just so pleased no to have it hanging over me, or to have the stupid £25 monthly payment going out, it seems like a step backwards to start it up again.
    Last edited by GoingToDoIt; 03-09-2016 at 9:02 AM.
    Apr 16... Hfax £2551/1782 Vrgin £3420/3187 MBNA 2 £2100/0 MBNA1 98/0
    Total cc 0% debt £8364/4969 Updated 2 Nov 16
    • Orange Ena
    • By Orange Ena 4th Sep 16, 11:36 PM
    • 1,060 Posts
    • 2,597 Thanks
    Orange Ena
    You can do it, November will be here before you know it.

    Hope you feel better soon gonna.
    Ll0yds CC £3180.05 £2779 / H@lifax CC - £1490 £0
    Nati0nwide CC - £558 £0 / Barcl@ycard CC - £890.80 £0
    Debt Apr 15 £6895.44 / Jul 15 £6330.30 / 5th Jan 16 £5217.26 / 4th Feb £4340 / 5th Apr £3505
    Every penny is a prisoner
    • GoingToDoIt
    • By GoingToDoIt 8th Sep 16, 11:50 PM
    • 290 Posts
    • 1,299 Thanks
    GoingToDoIt
    Still no lottery win...
    Budget blown-been severely ill and had to get food deliveries which costs £££s.
    My pay is probably also going to reduce because of being off sick so much

    On the plus side I have been told of a job going at a place I used to work, starting round the end of my current job. It would be another 6 month contract, and paying 3k per year more than this job. So a possible pay rise which would help with getting the debt paid off!
    Apr 16... Hfax £2551/1782 Vrgin £3420/3187 MBNA 2 £2100/0 MBNA1 98/0
    Total cc 0% debt £8364/4969 Updated 2 Nov 16
    • GoingToDoIt
    • By GoingToDoIt 18th Sep 16, 7:21 PM
    • 290 Posts
    • 1,299 Thanks
    GoingToDoIt
    Hi moneysavers...
    Just a quick hello, not much to report.
    Inb@x£ is up to £17.81
    Nect@r points worth £8.31
    Apr 16... Hfax £2551/1782 Vrgin £3420/3187 MBNA 2 £2100/0 MBNA1 98/0
    Total cc 0% debt £8364/4969 Updated 2 Nov 16
    • GoingToDoIt
    • By GoingToDoIt 24th Sep 16, 11:15 PM
    • 290 Posts
    • 1,299 Thanks
    GoingToDoIt
    Wow I've hardly posted lately. I definatley fell off the money wagon in the last few weeks. I overspent a bit on "stuff". Being ill is a pain, you just have to deal with it as best as you can.
    So it's payday, and I had some good news with my finances. My mortgage is reducing by £7 per month, and it's time for my service charge year accounts- I got a £73 rebate!
    On the down side, I didn't qualify for the £150 switch bonus and I went overdrawn so I lose my £4.50 bonus next month.
    Clothes wise I bought two dresses and a pair of boots for £56. I've also ordered a few more bits on click & collect including a jumper. I'm probably going to need a new coat soon too. I'm going to try and hold off to see if I get the new job, but if I do, I have to get some new clothes. I've survived the last few months on just the basics, I need some investment!
    I have visitors next week, for a week so that's likely to be expensive.
    My amex nect@r card is doing well, yesterday I bought two copies of Marie Clare at sainos, £5.98 on special, used points to pay £5. Got free nailvarnishes worth £9 each with the mags, put away for friends xmas boxes. From now on it's time to start buying gifts. It's coming up to a year since I started the diary, so I think I will try and tot up some figures.
    Hope you're all good
    Gonna x
    Apr 16... Hfax £2551/1782 Vrgin £3420/3187 MBNA 2 £2100/0 MBNA1 98/0
    Total cc 0% debt £8364/4969 Updated 2 Nov 16
    • GoingToDoIt
    • By GoingToDoIt 15th Oct 16, 10:26 PM
    • 290 Posts
    • 1,299 Thanks
    GoingToDoIt
    I'm back
    I was awarded my 1 year badge the other day!
    It's been a bit harded to get on since the ios 10 update, some websites just won't load up, I've recently found that they do work in "private" mode
    Yesterday I had another big night out...I've very much fallen off the money wagon over the last few weeks, but I am getting back on asap
    I got a new 6 month contract, a bit more money too
    And I spent a fair bit on my visiting relative, meals out, spending money etc however we had a great time and it was very much appreciated, it's been 12 years since we were last in the same country.
    I also treated myself to a pile of new clothes...I needed them!!! Again, they were in the sales, via tcb of course.
    So hi to everyone, hope you all have good money days and I'll post more details soon
    Apr 16... Hfax £2551/1782 Vrgin £3420/3187 MBNA 2 £2100/0 MBNA1 98/0
    Total cc 0% debt £8364/4969 Updated 2 Nov 16
    • Cailbhinn
    • By Cailbhinn 15th Oct 16, 10:49 PM
    • 88 Posts
    • 260 Thanks
    Cailbhinn
    Happy MSE Birthday! I've just joined after being a long term lurker. You're first post a year ago really resounds with me as I'm the same. Debt, weight, depression. I'll read your whole thread but just wanted to say well done - hopefully in a year I can come on and show how well i've done at getting rid of the debt and fat!
    • Orange Ena
    • By Orange Ena 15th Oct 16, 10:56 PM
    • 1,060 Posts
    • 2,597 Thanks
    Orange Ena
    I was awarded my 1 year badge the other day!
    It's been a bit harded to get on since the ios 10 update, some websites just won't load up, I've recently found that they do work in "private" mode
    Yesterday I had another big night out...I've very much fallen off the money wagon over the last few weeks, but I am getting back on asap
    I got a new 6 month contract, a bit more money too
    And I spent a fair bit on my visiting relative, meals out, spending money etc however we had a great time and it was very much appreciated, it's been 12 years since we were last in the same country.
    I also treated myself to a pile of new clothes...I needed them!!! Again, they were in the sales, via tcb of course.
    So hi to everyone, hope you all have good money days and I'll post more details soon
    Originally posted by GoingToDoIt
    Yay you're back! I've been a bit AWOL too Its great to hear about the new contract and a pay increase

    You sound really chilled for having a break and spending a bit of money on yourself. Definitely well deserved gonna
    Ll0yds CC £3180.05 £2779 / H@lifax CC - £1490 £0
    Nati0nwide CC - £558 £0 / Barcl@ycard CC - £890.80 £0
    Debt Apr 15 £6895.44 / Jul 15 £6330.30 / 5th Jan 16 £5217.26 / 4th Feb £4340 / 5th Apr £3505
    Every penny is a prisoner
    • GoingToDoIt
    • By GoingToDoIt 1st Nov 16, 7:43 PM
    • 290 Posts
    • 1,299 Thanks
    GoingToDoIt
    Celebrate.....
    Saving account matured, earned £91 interest. Paid off the overdraft I have been living off, the other MBNA card and have some to put towards Hfax!

    Cashed out £23 from inb@x£s last week

    Am still finding it hard to get back on top of the budgeting though.
    Apr 16... Hfax £2551/1782 Vrgin £3420/3187 MBNA 2 £2100/0 MBNA1 98/0
    Total cc 0% debt £8364/4969 Updated 2 Nov 16
    • Orange Ena
    • By Orange Ena 1st Nov 16, 10:57 PM
    • 1,060 Posts
    • 2,597 Thanks
    Orange Ena
    Woohoo congratulations, brilliant work
    Ll0yds CC £3180.05 £2779 / H@lifax CC - £1490 £0
    Nati0nwide CC - £558 £0 / Barcl@ycard CC - £890.80 £0
    Debt Apr 15 £6895.44 / Jul 15 £6330.30 / 5th Jan 16 £5217.26 / 4th Feb £4340 / 5th Apr £3505
    Every penny is a prisoner
    • GoingToDoIt
    • By GoingToDoIt 5th Nov 16, 1:29 PM
    • 290 Posts
    • 1,299 Thanks
    GoingToDoIt
    I am back
    Moneysavers, I need your help! I tried to go it alone and things have spiralled out of control...I've been buying bagels on the way to work, sandwiches for lunch, going out for dinner and drinks on the weekend...It's spending madness!!!

    Sometimes life just gets in the way...had I not laid good moneysaving foundations, the last few weeks could have bankrupted me.

    So I'm back, making an effort to get back on track and stay on track. So look out for a flurry of posts now as I re-set my monthly budgets. I've still got a lot of debt to pay down and a lot of things to save up for, so I need to get to it
    Apr 16... Hfax £2551/1782 Vrgin £3420/3187 MBNA 2 £2100/0 MBNA1 98/0
    Total cc 0% debt £8364/4969 Updated 2 Nov 16
    • GoingToDoIt
    • By GoingToDoIt 5th Nov 16, 1:38 PM
    • 290 Posts
    • 1,299 Thanks
    GoingToDoIt
    Monthly spend
    Rent 467.36 ? (Am due a £70 rebate, they reduced the payment and not sure why.leaving original cost here)
    Mortgage 286.72
    C tax 66.00
    Insurance 0
    Tv Licence 12.12
    Electric 70.00
    Mobile 7.50
    All payments due on 1st of month 909.70

    Water 25.05 - due on 2nd
    Phone/wifi 17.95 - due on 16th
    Halifax cc 18.00 - due on 18th
    Virgin cc 33.00 - due on 25th

    Total bills for month = 1003.70

    Other regular costs

    13 contact lenses
    142 travel
    70 Hair
    140 bday/xmas fund

    Total monthly commitments = 1369

    New Salary £1999 per month

    630 remaining
    Last edited by GoingToDoIt; 06-11-2016 at 12:31 PM.
    Apr 16... Hfax £2551/1782 Vrgin £3420/3187 MBNA 2 £2100/0 MBNA1 98/0
    Total cc 0% debt £8364/4969 Updated 2 Nov 16
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