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  • FIRST POST
    • yorkshiremum13
    • By yorkshiremum13 21st Jun 16, 7:28 PM
    • 13Posts
    • 19Thanks
    yorkshiremum13
    Starting Over
    • #1
    • 21st Jun 16, 7:28 PM
    Starting Over 21st Jun 16 at 7:28 PM
    Hi, new here and ready to clear my debts!

    I've gone from being in £12,000 of debt down to £5500 which has taken me 4 years this month. The reasons for it taking so long is 4 months after the debt began I fell pregnant, lost my job and had to move to a smaller home and save to get my new family into a bigger home. We've now been in our home just less than 2 years and in a more relaxed position to budget.

    Now my biggest problem is my bank, I took out a credit card to buy carpets in my home as when we moved my daughter was crawling. I am still paying this off (have made 1 or 2 indulging spends on this since) but only have to pay off another £320 to clear it. Anyone know of any decent 0% credit cards with balance transfers to help me pay it off quicker?

    I also have a bank account with a £600 overdraft. Now I've not been out of this for 2.5 years... I need to pay it off and get rid of it, but income just doesn't cover it enough... I do have a spending problem. If the money is in the account I will buy things, I don't throw it away but I do buy stuff for the house which I suppose I don't need another bookcase/ lamp (baring in mind I don't have expensive taste I love ikea)

    Anyone got any tips on how I can stop spending?

    My last idea was placing all cards in an envelope on the fridge, another envelope for petrol money and another for banking. Banking was done by putting cash in the envelopes they give you, this way I had no card on me but maybe £5 in change for emergencies.

    Help!
Page 1
    • yorkshiremum13
    • By yorkshiremum13 8th Jul 16, 1:59 PM
    • 13 Posts
    • 19 Thanks
    yorkshiremum13
    • #2
    • 8th Jul 16, 1:59 PM
    • #2
    • 8th Jul 16, 1:59 PM
    Well it's now July and I now have hit rock bottom. child tax credit has been cut. And HMRC cannot say why, I have to wait 5 weeks for it to be investigated. We have officially ran out of money. I now have 7 tins of soup, 4 tins of beans and 2 tins of chopped tomatoes to last us until the 16th. I'm starting to panic. I've not been able to pay off any debts this month. And OH has decided he wants a new job. Which I'm dreading. I don't know how to get out of this hole.
    • Bobarella
    • By Bobarella 8th Jul 16, 9:27 PM
    • 10,476 Posts
    • 69,667 Thanks
    Bobarella
    • #3
    • 8th Jul 16, 9:27 PM
    • #3
    • 8th Jul 16, 9:27 PM
    Have you posted this on the main boards? You need proper advice and less people will see it here. My own first thought was have you got a food bank near you?
    Last edited by Bobarella; 08-07-2016 at 9:40 PM.
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
    • AnxiousHomemaker
    • By AnxiousHomemaker 8th Jul 16, 11:34 PM
    • 64 Posts
    • 135 Thanks
    AnxiousHomemaker
    • #4
    • 8th Jul 16, 11:34 PM
    • #4
    • 8th Jul 16, 11:34 PM
    Hi, so sorry to hear you are having a rough time at the moment, not sure what to say about tax credits, I claim them too and know how much of a nightmare they can be, I can't even tell you how many times they have changed the amount that I receive and i've only been claiming them for 2 years!

    I'm new too but from what I can gather you could probably get more specific advice on the main boards. also could you post a statement of affairs on the main board to as people may be able to offer advice on where to save money.

    xxx
    • beanielou
    • By beanielou 10th Jul 16, 8:27 PM
    • 48,483 Posts
    • 178,345 Thanks
    beanielou
    • #5
    • 10th Jul 16, 8:27 PM
    • #5
    • 10th Jul 16, 8:27 PM
    Can you go to your nearest CAB?
    They can advise you on your debt, issue a food bank voucher if you need one & can get in touch with HMRC on your behalf.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • yorkshiremum13
    • By yorkshiremum13 11th Nov 16, 10:12 PM
    • 13 Posts
    • 19 Thanks
    yorkshiremum13
    • #6
    • 11th Nov 16, 10:12 PM
    • #6
    • 11th Nov 16, 10:12 PM
    Latest. Child tax credit up and running again. Just hard 4 weeks between payments. Got one debt paid off, credit card paid off and debts down to £4600.

    Latest bump in the road; I'm pregnant. Wanted but was told I'm infertile so a bit of a shock.
    • EssexHebridean
    • By EssexHebridean 11th Nov 16, 10:19 PM
    • 8,199 Posts
    • 42,609 Thanks
    EssexHebridean
    • #7
    • 11th Nov 16, 10:19 PM
    • #7
    • 11th Nov 16, 10:19 PM
    Latest. Child tax credit up and running again. Just hard 4 weeks between payments. Got one debt paid off, credit card paid off and debts down to £4600.

    Latest bump in the road; I'm pregnant. Wanted but was told I'm infertile so a bit of a shock.
    Originally posted by yorkshiremum13
    Well congratulations! Not surprised you're a bit shocked though!

    Can I suggest you sort yourself out a SOA (Statement of Affairs) and get it posted in here. You'll find the link in the "sticky" thread at the top of the main DFW board. People will then be able to cast an eye over your income and outgoings and see where you might be able to make savings.
    MORTGAGE FREE 30/09/2016
    Sainsbugs 0% card: 22/12/16 £1229.00/£544.67 (17/10/17)
    SOA Calculator for DFW newbies: Stoozing.com SOA Calculator
    • Bobarella
    • By Bobarella 12th Nov 16, 9:26 PM
    • 10,476 Posts
    • 69,667 Thanks
    Bobarella
    • #8
    • 12th Nov 16, 9:26 PM
    • #8
    • 12th Nov 16, 9:26 PM
    Congratulations to you!
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
    • yorkshiremum13
    • By yorkshiremum13 19th Mar 17, 9:01 PM
    • 13 Posts
    • 19 Thanks
    yorkshiremum13
    • #9
    • 19th Mar 17, 9:01 PM
    • #9
    • 19th Mar 17, 9:01 PM
    Thank you essex I have tried to find it but keep losing where I am!

    Latest update: now 32 weeks pregnant. Done really well saving so much getting things ready for baby. Bought most things second hand, and anything new and expensive has had money put towards it from family members.
    My debt is now down to £3970 which feels so much better but payments have slowed down in the past 6 months.

    Worried that we won't have a good income once I start maternity leave in 4 weeks but hubby has got himself a small pay rise. It's not much at all but it's something!

    Income will be dropping from £2400 pcm to £1800 pcm
    • Bobarella
    • By Bobarella 20th Mar 17, 2:57 PM
    • 10,476 Posts
    • 69,667 Thanks
    Bobarella
    Congratulations on getting your debt down so much. With all the dramas you have still done very well.

    Glad your pregnancy has gone well and you feel prepared on that front at least.
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
    • yorkshiremum13
    • By yorkshiremum13 21st Mar 17, 12:42 PM
    • 13 Posts
    • 19 Thanks
    yorkshiremum13
    Thank you Bobarella, it's been hard and we've struggled a lot, spent a lot of nights crying but just keep thinking every month we're getting into a better position.

    We've also had a great email about a court case regarding a car accident I was in has been won. And I'm expecting payment of £3000 which will get one payment paid off and I'm treating myself to a computer so I can start my business in 2018 (been training to be a freelance bookkeeper) -- feels a bit of a joke to me that I'm in debt and wanting to work in finance... so once this cheque comes in my debts will be down to £1700. Which I plan to pay off over 18 months as I want minimum payments to go out whilst on maternity leave.

    Feels so good writing this!
    • DancingUnicorn
    • By DancingUnicorn 21st Mar 17, 8:41 PM
    • 107 Posts
    • 336 Thanks
    DancingUnicorn
    Congratulations on the baby! It sounds like things are really going well for you right now. Just think, back when you only had a few tins in the cupboard I bet it felt like you'd never be where you are now and able to say you're so close to being debt free!
    LBM: October 2016: £20,130 / Current: November 2017: £17,545 12.8%
    DFD: February 2024
    SPC#577
    • Bobarella
    • By Bobarella 21st Mar 17, 10:03 PM
    • 10,476 Posts
    • 69,667 Thanks
    Bobarella
    Horray to pay outs!!
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
    • yorkshiremum13
    • By yorkshiremum13 5th Apr 17, 8:25 PM
    • 13 Posts
    • 19 Thanks
    yorkshiremum13
    So much for things we're looking up!!

    Worst week ever. My work had a fire which means the building is out of use! I'm working in another building 2 days a week so I'm now down 3 days of work and 3 weeks before my maternity leave is due to start. No idea how this is going to effect my pay in the long run.

    I'm now going round cancelling direct debits and making them paper payment as I want to be in control of when the bills get paid.

    Gahh
    • yorkshiremum13
    • By yorkshiremum13 28th Jun 17, 6:17 PM
    • 13 Posts
    • 19 Thanks
    yorkshiremum13
    It's a boy!

    Baby Boy is now 6 weeks old and amazing! I've been able to add him to tax credits etc which is helping!

    After scrimping and saving to pay off debt I'm now down to £3400 which is so much better. Main debt is down to £1950 so should have that paid off by Xmas!
    • yorkshiremum13
    • By yorkshiremum13 1st Sep 17, 10:07 PM
    • 13 Posts
    • 19 Thanks
    yorkshiremum13
    £3020 now, slowly getting there but formula costs a lot! Not scrimping on his food though! Happy also daughter starts school on Tuesday so lunch is now free! partner has also been working a couple of night shifts so we can have some extra pennies for treats, yesterday we went to the beach!
    • yorkshiremum13
    • By yorkshiremum13 14th Sep 17, 11:51 AM
    • 13 Posts
    • 19 Thanks
    yorkshiremum13
    Only a couple of weeks later and no debts are paid off any more than last. But as of yesterday I am officially 25. Today I have decided to start slimming world but super scrimping I am not actually joining (saving £25 a month) I am just using my books and weighing in at home and following the recipes. My mum and mother in law are going to slimming world so they are my team of motivation and critics.
    • yorkshiremum13
    • By yorkshiremum13 15th Sep 17, 4:15 PM
    • 13 Posts
    • 19 Thanks
    yorkshiremum13
    Wa hay paid £200 off a debt today then got a phone call from my solicitor and my insurance claim has been won. Once my payment arrives I am debt free and have money left over to start saving for a deposit for a mortgage! So happy!
    • beanielou
    • By beanielou 15th Sep 17, 7:57 PM
    • 48,483 Posts
    • 178,345 Thanks
    beanielou
    Great news for you
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • Kittychick
    • By Kittychick 15th Sep 17, 10:10 PM
    • 223 Posts
    • 541 Thanks
    Kittychick
    Wow, that must feel so good! Good luck on your journey x
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