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  • FIRST POST
    • clearmydebts
    • By clearmydebts 16th Apr 16, 12:12 PM
    • 6,009Posts
    • 17,409Thanks
    clearmydebts
    Mopping up the mess - my final debt free journey!
    • #1
    • 16th Apr 16, 12:12 PM
    Mopping up the mess - my final debt free journey! 16th Apr 16 at 12:12 PM
    Hi all! I am a fairly regular poster on here! Here is a link to my older diary: http://forums.moneysavingexpert.com/showthread.php?t=3991383&page=30


    I am 39 and we have just bought our first house (2nd time buyers, we bought a flat first!). We have been married for nearly 10 years and I've been on MSE as long as then. We now have 2 kids, aged 6 and 4 and live in Ireland.


    Some of the debts are from we lived in the UK and some are from when we bought the house 5 weeks ago (no appliances left behind so we were starting from scratch). The bad news is that the debt figure is so much. The good news is that we should have about £1000 to pay off the debt each month as that's what we were saving for our deposit. So it can be done, and it will be done!


    Ideally I would have loved to have been debt free for my 40th birthday but that's not going to happen in 9 months so my aim now is to be debt free before I turn 41, so in my 40th year.


    So how are we going to do it? Well, as I said, we should be able to pay £1000 off most months. I will also have some over-time the next few months and OH should get a decent bonus in December. All is going off the debt! I want to be able to enjoy my kids, my life and my house without worrying about debt!
    Last edited by clearmydebts; 16-04-2016 at 12:18 PM.
    Total debt (starting September 2016): €23,999/€27,000
    BOI credit card: €6,000/€7,000
    Loan:€17,999/ €20,000
    Emergency savings: €400/€1000
Page 4
    • clearmydebts
    • By clearmydebts 3rd Jan 17, 10:27 AM
    • 6,009 Posts
    • 17,409 Thanks
    clearmydebts
    Morning all,

    My loan is gone out now, so I've amended my signature. I'll definitely get under 26k by the end of Jan, which is a good feeling as I love breaking into the next number (on a downward trend). I've done the food shop for the week and I've nothing planned for the first half of the weekend. My 2 friends are taking me away for my birthday from Sun-Tue so that shouldn't cost much as they are paying, will have to pay towards one meal and that's it!
    Total debt (starting September 2016): €23,999/€27,000
    BOI credit card: €6,000/€7,000
    Loan:€17,999/ €20,000
    Emergency savings: €400/€1000
    • clearmydebts
    • By clearmydebts 4th Jan 17, 2:42 PM
    • 6,009 Posts
    • 17,409 Thanks
    clearmydebts
    Booked a flight to Portugal today for 3 nights in September, to celebrate with my friends. It was a planned expenditure though. It's gone on my credit card but I plan to cut back (and have been cutting back) this month to ensure that the flight cost can be paid off at the end of the month, and won't accrue any extra on to my car. The flight cost €200 and my mother gave me €100 spending money for Xmas which I haven't spent yet. I also worked from home today and yesterday and am on annual leave next week for one day so that €30 commuting money that I have as well. Just need to make up another €70. I am waiting on a dental insurance payment so that should cover that. Definitely don't want to be adding to my debt.
    Total debt (starting September 2016): €23,999/€27,000
    BOI credit card: €6,000/€7,000
    Loan:€17,999/ €20,000
    Emergency savings: €400/€1000
    • ramblehan
    • By ramblehan 4th Jan 17, 5:45 PM
    • 396 Posts
    • 907 Thanks
    ramblehan
    Love Portugal - definitely worth booking a trip - it will give you something to look forward to and focus on.
    LBM June 2015: £24025.75!
    The big bad three:£22,034 8.8% down 91.2% to go:
    Tax savings: £400/£1800
    'Very little is needed to make a happy life' Marcus Aurelius
    • clearmydebts
    • By clearmydebts 20th Jan 17, 10:24 AM
    • 6,009 Posts
    • 17,409 Thanks
    clearmydebts
    Love Portugal - definitely worth booking a trip - it will give you something to look forward to and focus on.
    Originally posted by ramblehan
    Thanks Ramblehan
    Total debt (starting September 2016): €23,999/€27,000
    BOI credit card: €6,000/€7,000
    Loan:€17,999/ €20,000
    Emergency savings: €400/€1000
    • clearmydebts
    • By clearmydebts 20th Jan 17, 10:27 AM
    • 6,009 Posts
    • 17,409 Thanks
    clearmydebts
    Back to earth with a bang this week!

    I turned 40 last week. Had 2 nights in an amazing spa and then had a party last Saturday night. It was so good, there were about 60 people there. I was on a high but feel so down this week. I don't know when my nearest and dearest will be in a room again like that

    I am so impatient now to get paid so I can just get on with paying off the debts. OH was to get a bonus in Feb but there was an error in the project he was part of (not him thankfully) so looks like it won't be until June now. I am disappointed because it was going straight off the credit card but with any luck the credit card will be paid off by June and we can put it off the loan.
    Total debt (starting September 2016): €23,999/€27,000
    BOI credit card: €6,000/€7,000
    Loan:€17,999/ €20,000
    Emergency savings: €400/€1000
    • clearmydebts
    • By clearmydebts 27th Jan 17, 10:23 AM
    • 6,009 Posts
    • 17,409 Thanks
    clearmydebts
    Have amended my signature and am now under €26k! We had to pay the balance for Disney this month so not sure that my credit card balance will go down at all. I haven't added to it though, which I am delighted about.

    Next month we need to pay for flights for BIL's wedding in Oct. Balance not going down as quickly as I'd like but I am being more realistic about it this time and it is going down.

    Quiet weekend planned this weekend. I have read Kon Marie and started the process so am really looking forward to getting stuck into that this weekend. So far I have 5 bin bags ready to go to the charity shop. It is far more emotional than I thought it would be, but the feeling of release getting rid of stuff is immense.
    Total debt (starting September 2016): €23,999/€27,000
    BOI credit card: €6,000/€7,000
    Loan:€17,999/ €20,000
    Emergency savings: €400/€1000
    • clearmydebts
    • By clearmydebts 3rd Feb 17, 10:00 AM
    • 6,009 Posts
    • 17,409 Thanks
    clearmydebts
    Still on the Kon Marie journey and it has kind of taken over to be honest. But in a good way, we've gotten rid of so much stuff already! It is also helping me be far more organised. By organising my documents I realised that we could get free family travel insurance with OH's health insurance so I've sent off for that

    Holding off on booking flights for the wedding for the moment. Flights seem quite expensive for that time of year and esp as we are going on off-peak days so will hold out!

    Am *hoping* that we can pay some more off the credit card this month. I will definitely be under €25k next month which will be great. Can't wait to get under €20k. Mustn't run before I can walk though!
    Total debt (starting September 2016): €23,999/€27,000
    BOI credit card: €6,000/€7,000
    Loan:€17,999/ €20,000
    Emergency savings: €400/€1000
    • clearmydebts
    • By clearmydebts 22nd Feb 17, 1:25 PM
    • 6,009 Posts
    • 17,409 Thanks
    clearmydebts
    Tick tock - waiting for payday! Was hoping to get under 25k but interest was applied to our loan so definitely won't be this month. Next month definitely!

    Nothing really to report. Still on on the Kon Marie journey. Finding it so beneficial to our lives. Still plenty more to do but I am mainly enjoying it!

    Am enjoying having the emergency spends building up. Provides a bit of a cushion. Previously I would have used it to pay off a bit of the credit card but I like having it in my savings account. This year I am going to try and pay as many bills as I can upfront. So our home insurance is due beginning March and TV licence end of March. It will mean we have more spends each month and I can direct it into savings.
    Last edited by clearmydebts; 22-02-2017 at 1:30 PM.
    Total debt (starting September 2016): €23,999/€27,000
    BOI credit card: €6,000/€7,000
    Loan:€17,999/ €20,000
    Emergency savings: €400/€1000
    • clearmydebts
    • By clearmydebts 24th Feb 17, 11:43 AM
    • 6,009 Posts
    • 17,409 Thanks
    clearmydebts
    Should be jumping for joy it's payday but I'm not. OH is €350 down due to some health insurance mix-up. Looks like that amount will be coming out next month too. It just always seems like there is something
    Total debt (starting September 2016): €23,999/€27,000
    BOI credit card: €6,000/€7,000
    Loan:€17,999/ €20,000
    Emergency savings: €400/€1000
    • JoJoC
    • By JoJoC 24th Feb 17, 12:23 PM
    • 937 Posts
    • 2,890 Thanks
    JoJoC
    Sorry you've had bad news on the money front. I went through a phase of the same, everytime you think you're getting somewhere, something else comes up.

    Keep at it, though. It won't be forever!
    CC1: 3,741/4,200 | CC2: 5,129/5,393 | Loan: 7,430/15,000
    Total: 16,300/20,032 Paid since Feb17: 3,732 or 18%

    Mummy of two boys - Working hard to make better financial choices!
    *My debt busting and savings diary*
    • clearmydebts
    • By clearmydebts 24th Feb 17, 12:26 PM
    • 6,009 Posts
    • 17,409 Thanks
    clearmydebts
    Sorry you've had bad news on the money front. I went through a phase of the same, everytime you think you're getting somewhere, something else comes up.

    Keep at it, though. It won't be forever!
    Originally posted by JoJoC
    Thanks JoJoC,

    Things just keep cropping up, it's neverending. Just when I think we are making some headway then BAM, something else happens! I really wanted to get under 25k this month but at this rate we'll be struggling to get under it next month even.

    Thanks for stopping by
    Total debt (starting September 2016): €23,999/€27,000
    BOI credit card: €6,000/€7,000
    Loan:€17,999/ €20,000
    Emergency savings: €400/€1000
    • clearmydebts
    • By clearmydebts 3rd Mar 17, 1:03 PM
    • 6,009 Posts
    • 17,409 Thanks
    clearmydebts
    Afternoon all. I am wrecked. Had 22 under 8's running around my house yesterday afternoon for DS's 7th birthday. They all had a ball though, so that's the main thing.

    Renewed my home insurance this morning and saved €200 off it by shopping around. I also paid it upfront. My aim is to pay as many things as I can this year (upfront) and divert into debt re-payment. Next month I have my TV licence that I plan to pay upfront and then in Sept car tax and Oct car insurance. Not sure what car insurance is like in the UK but in Ireland it is crazy at the moment.

    Signature seems to be going down very very slowly but things just keep cropping up.
    Total debt (starting September 2016): €23,999/€27,000
    BOI credit card: €6,000/€7,000
    Loan:€17,999/ €20,000
    Emergency savings: €400/€1000
    • craigmcdonagh
    • By craigmcdonagh 3rd Mar 17, 1:29 PM
    • 4 Posts
    • 1 Thanks
    craigmcdonagh
    Credit Report
    I am after some advice regarding my credit.I have recently been knocked back for a loan even though the bank says I am a very good customer.I joined a few credit scoring companies and have 4 negatives against my name.1 of the negatives is 3 debts adding up to about 1200 pound.If I pay this off would this then be cleared off my credit report ?
    • clearmydebts
    • By clearmydebts 3rd Mar 17, 1:41 PM
    • 6,009 Posts
    • 17,409 Thanks
    clearmydebts
    I am after some advice regarding my credit.I have recently been knocked back for a loan even though the bank says I am a very good customer.I joined a few credit scoring companies and have 4 negatives against my name.1 of the negatives is 3 debts adding up to about 1200 pound.If I pay this off would this then be cleared off my credit report ?
    Originally posted by craigmcdonagh
    Hi Craig,

    I think you might be better posting this query in this section of the website as you'll get some good advice: http://forums.moneysavingexpert.com/forumdisplay.php?f=257

    Good luck!
    Total debt (starting September 2016): €23,999/€27,000
    BOI credit card: €6,000/€7,000
    Loan:€17,999/ €20,000
    Emergency savings: €400/€1000
    • clearmydebts
    • By clearmydebts 24th Mar 17, 9:27 AM
    • 6,009 Posts
    • 17,409 Thanks
    clearmydebts
    Payday! Thank goodness for that!

    I've done the money shuffle and have just been able to pay off my loan. Have still not gotten under 25k but definitely next month. It's going down and that's the main thing. OH got another €300 deducted from his wage due to a HR mess up with health insurance. This is the second month he's been deducted a large sum of money but everything should be back to normal next month.

    What I have been doing though, and it's probably why my debt isn't going down quicker is trying to reduce the amount of direct debits we've been paying by paying off things in a full instalment rather than every month. So last month I paid the home insurance in full and this month I am paying the TV licence in full. Then I need to save up for our car insurance and car tax in October. I'm hopeful to be able to pay them in full as well and divert the extra money into savings so we can always pay in a lump sum.
    Last edited by clearmydebts; 24-03-2017 at 9:30 AM.
    Total debt (starting September 2016): €23,999/€27,000
    BOI credit card: €6,000/€7,000
    Loan:€17,999/ €20,000
    Emergency savings: €400/€1000
    • Tete en l'Air
    • By Tete en l'Air 24th Mar 17, 10:20 AM
    • 6,744 Posts
    • 30,565 Thanks
    Tete en l'Air
    Well done on getting the loan paid off CMD!

    And great work on paying in lump sums - this is what I try to do wherever possible, and then I have piggy banks on my bank account to put away enough each month to cover it next year. Even though I'm still paying 'out' each month it doesn't feel as stressful as it's not like DDs when you're never quite sure if they've gone out yet or if there'll be enough to cover them. I'm just a bit of a control freak I think.

    Have a great weekend! x
    Be a Stunner for Summer Challenge: 0/10 (9/42 in total)
    Currently reading: The Long Way to a Small Angry Planet; Amber Spyglass AB (23/30 in 2017)
    My 'Life Begins at 35' diary *click*
    • clearmydebts
    • By clearmydebts 24th Mar 17, 10:45 AM
    • 6,009 Posts
    • 17,409 Thanks
    clearmydebts
    Well done on getting the loan paid off CMD!

    And great work on paying in lump sums - this is what I try to do wherever possible, and then I have piggy banks on my bank account to put away enough each month to cover it next year. Even though I'm still paying 'out' each month it doesn't feel as stressful as it's not like DDs when you're never quite sure if they've gone out yet or if there'll be enough to cover them. I'm just a bit of a control freak I think.

    Have a great weekend! x
    Originally posted by Tete en l'Air
    I agree it's nice to have the money in bank and be able to pay out in a lump sum rather than bits and pieces coming out every month.
    Total debt (starting September 2016): €23,999/€27,000
    BOI credit card: €6,000/€7,000
    Loan:€17,999/ €20,000
    Emergency savings: €400/€1000
    • clearmydebts
    • By clearmydebts 28th Apr 17, 10:42 AM
    • 6,009 Posts
    • 17,409 Thanks
    clearmydebts
    Pay Day today and I am well under 25k now. Things finally feel a bit more settled financially and I think we can finally start to make proper inroads towards the debt.

    Hoping to get under 23k next month.

    We went to Disneyland Paris last week and it was brilliant. Exhausting but brilliant. I honestly don't know how people do it every year though, it was so intense. Definitely back to Spain for us next year! We had pre-made snack packs for each day so only really had to buy dinner at night. It worked out much cheaper than I thought it would so is definitely doable if you are a bit savvy.
    Total debt (starting September 2016): €23,999/€27,000
    BOI credit card: €6,000/€7,000
    Loan:€17,999/ €20,000
    Emergency savings: €400/€1000
    • clearmydebts
    • By clearmydebts 3rd May 17, 1:38 PM
    • 6,009 Posts
    • 17,409 Thanks
    clearmydebts
    Afternoon all!

    I am going to try and check in more often as I think it will help keep me on the straight and narrow. 22 days to payday. It seems so far away

    We've had such a busy and expensive month with my brother home from Oz but I the rest of the month looks quiet (ish) and to be honest I am looking forward to a few quiet weekends. Am going to try extra hard to meal plan this month. I am usually quite good but have fallen by the wayside a bit since my brother & family arrived!

    We are going away for a week in July with my sister and family in Ireland and I have more than half the holiday money saved so I'm quite happy with that. We also need to book flights for BIL's wedding in Spain at some point but I have a flight tracker on the price and it has remained at the same price for months.

    I am confident we will be able to pay at least €1,000 per month towards our debts (if not more). I just can't wait until my credit card is clear and it is just the loan left. Hoping to get under €23k next month, assuming no interest is applied to the loan.

    I should have explained further up, my debt sig was changed from sterling to euro, that's why the debt looks so high in comparison to last year. When I got the loan I changed all the figures to euro as we live in Ireland now.
    Total debt (starting September 2016): €23,999/€27,000
    BOI credit card: €6,000/€7,000
    Loan:€17,999/ €20,000
    Emergency savings: €400/€1000
    • clearmydebts
    • By clearmydebts 19th May 17, 11:20 AM
    • 6,009 Posts
    • 17,409 Thanks
    clearmydebts
    Plodding along now until payday, which is next Thursday. Got some good news in the form of an unexpected tax rebate yesterday €450 so that was a very welcome surprise. Unfortunately it won't be going off the debt but it will go towards our holiday in Ireland in July, meaning that will be totally paid off next week. It also means I'll be able to put some cash towards our emergency fund which dwindled after Disneyland Paris.

    Quiet enough weekend planned here. A friend is dropping by tomorrow and we are meeting other friends and their kids on Sunday. Apart from that it will be ferrying the kids about to their various activities.

    Trying to spend as little as possible before payday next week. We've had a really tight month spending wise this month but we have more or less kept to budget. Don't think we'll get under 23k this month but am hoping to pay off between €700-€1100 depending on whether interest is applied to the loan or not.

    Met with an architect as part of a charity thing during the week. We pay €90 to charity and get an hour of an architects time. I am so motivated now to pay off the debt so we can re-configure our kitchen and get bi-folding doors in. We would be getting a loan out for that but it would be the first time in about 15 years that we would have a loan out for something proper, instead of for consolidating debts.
    Total debt (starting September 2016): €23,999/€27,000
    BOI credit card: €6,000/€7,000
    Loan:€17,999/ €20,000
    Emergency savings: €400/€1000
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