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  • FIRST POST
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 5th Jul 16, 12:59 PM
    • 192Posts
    • 373Thanks
    little_miss_spendtoomuch
    Must stop spending
    • #1
    • 5th Jul 16, 12:59 PM
    Must stop spending 5th Jul 16 at 12:59 PM
    Hello,

    I have been reading these threads for a few years now and been in debt most of my adult life.
    Until 2015 I was living way beyond my means and spending too much on credit cards so my debt was always increasing. In May 2015 I finally stopped and started to pay off my debt.
    In May last year my debt was at it's highest of £11685. I got a new job which helped me to make a dent and today my debt stands at £7647. Over the year I was also saving for my wedding abroad which has been and gone but I now have two more holidays booked. I know it's not sensible to go on holiday when I have debt but I need something to look forward to! My holidays just gone was the first time I have actually saved and paid for a holiday without putting it on a credit card.
    I currently pay around £300 each month dd to my 2 cards but am going to increase this to £550 a month to clear the debt sooner. I'm also putting £250-£300 a side for my two holidays. One is our honeymoon.
    I guess I'm starting this diary to keep motivated. I have been at this stage before where I want to stop spending and pay big chunks off but a few weeks later I am back where I started.
    Enough is enough now though and I want to get it cleared.
    I'm 30 and we want to move from our flat to a house and start a family.
    Really hoping that by doing this diary it will help me keep track of my spending and then I will see where those pennies disappear to each month...
Page 13
    • kirtsypoos
    • By kirtsypoos 26th Apr 17, 7:00 PM
    • 2,814 Posts
    • 11,782 Thanks
    kirtsypoos
    Wow, congrats! That's a huge milestone!

    Have a wonderful holiday LMSTM
    £960/3000 OH BC(68% PAID)
    PAID VERY, Barclaycard x2, Vanquis, Natwest, O/D, Tesco & MBNA x2 PAID LBM 24/07/15 - Debt: £960/31010.23 (96.90% paid)
    Mortgage - £163,450.00 (2017 O/P £1213.91) PAYDBX 17 #006 - £14789.69/14,539.71Make £10 Apr £194.58 Make £10 May £159.75 Make £10 June £245.11
    • abba1772
    • By abba1772 27th Apr 17, 8:17 AM
    • 3,498 Posts
    • 9,043 Thanks
    abba1772
    Woo hoo to being under £3k that's fantastic..............hope you have a fab holiday xx
    NEXT TARGET HALIFAX CC WAS £3308.35 NOW £3308.35
    POAMAYC 2011 £6382.66 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £8000.90
    POAMAYC 2017 £2802.67 / £6000
    • GeorgianaCavendish
    • By GeorgianaCavendish 27th Apr 17, 5:02 PM
    • 318 Posts
    • 1,231 Thanks
    GeorgianaCavendish
    It's pay day tomorrow!! which means my cc direct debits will be going out shortly which means my debt is soon to be below £3k!! Woo
    Originally posted by little_miss_spendtoomuch
    What brilliant news! It must feel so satisfying to update your signature with the new figures
    Georgiana, Duchess of Debt-shire's May 2017 Debt Totals: HSBC Loan £12,119.60 / MBNA £7591.83 / Barclaycard £6097.95 / Catalog £ 687.43 / Dreams £431

    And don't forget the Student Loan! £10,765.93 (April 2017)
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 2nd May 17, 5:10 PM
    • 192 Posts
    • 373 Thanks
    little_miss_spendtoomuch
    Thanks everyone!!! I'll be updating my signature soon. I'm not below £3k yet as my cards on on direct debits. £100 went onto cc2 this morning so my debt is now £3200. My £300 dd isn't going out until the 8th and I will be on holiday then but I'll be coming home to debt below £3k! Woop.
    Cc2 debt is now £1900
    May 2015: £11685.56 / June 2017: £2400
    Credit card 1: £600
    Credit card 2: £1800
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 14th May 17, 1:39 PM
    • 192 Posts
    • 373 Thanks
    little_miss_spendtoomuch
    My debt is below £3k!
    My debt is below £3k!!! £2900
    May 2015: £11685.56 / June 2017: £2400
    Credit card 1: £600
    Credit card 2: £1800
    • abba1772
    • By abba1772 15th May 17, 8:37 PM
    • 3,498 Posts
    • 9,043 Thanks
    abba1772
    My debt is below £3k!!! £2900
    Originally posted by little_miss_spendtoomuch

    Go you
    NEXT TARGET HALIFAX CC WAS £3308.35 NOW £3308.35
    POAMAYC 2011 £6382.66 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £8000.90
    POAMAYC 2017 £2802.67 / £6000
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 30th May 17, 8:10 AM
    • 192 Posts
    • 373 Thanks
    little_miss_spendtoomuch
    Debts now down to £2800. I'm slowly chipping away at it.

    Our estimated house completion is the end of June but I'm not convinced. We went over to the site yesterday to have a look and although our house looks the ready the houses around it don't.
    I'm desperate to move but at least every week we spend at my parents it's more money I can pay towards debt. We spent the weekend looking around different hardware stores and furniture shops to get an idea of things we like and the costs. It's great to shop around because we have found some massive price differences and we want to be sensible and save money where we can. The only big expense will be a new mattress. I've had terrible sleep because of our old one and wake up in pain. Problem is the one I want is really expensive.

    My work have changed my pay day starting this month. I should have been paid last Friday but now I get paid on the last day of every month.
    Annoying because my dd for cc2 goes out on the 30th so will always need to make sure I have £100 ready. It went out today and impressively I have still managed to have £100 left in my account before pay day tomorrow so I will transfer another £100 tomorrow when I get paid.

    Im still trying to get as much cleared by myself before we move and before I turn to our savings to pay the rest.
    May 2015: £11685.56 / June 2017: £2400
    Credit card 1: £600
    Credit card 2: £1800
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 31st May 17, 8:29 AM
    • 192 Posts
    • 373 Thanks
    little_miss_spendtoomuch
    Just paid £100 onto cc1 bringing that card down to £900
    £300 dd is due to go onto that card on the 6th.

    Total debt is now £2700.
    May 2015: £11685.56 / June 2017: £2400
    Credit card 1: £600
    Credit card 2: £1800
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 6th Jun 17, 8:56 AM
    • 192 Posts
    • 373 Thanks
    little_miss_spendtoomuch
    £300 dd has gone out onto cc1 today bringing that balance down to £600. £600!! I only did a £2k balance transfer on it in Feb. Where has it all gone? It feels good knowing I have paid so much off

    Cc2 still stands at £1800 so my total debt is now only £2400.

    I'm starting to lose my way a bit. I'm still paying as much off as I can but I haven't got the same motivation I did a year ago. I don't get a buzz when the figures go down and it used to be my main attention.
    I think because it's taken a lot longer than I thought it would and now I'm nearly at the end, the figure of £2400 doesn't look so frightening. Don't get me wrong I still want it gone.

    Our house builders phoned yesterday to say they will be serving our two weeks notice next Wednesday with completion on 28th June! I can't believe it!!

    My debt needs to be clear for my new mortgage so it looks like that was my last credit card payment. I will have to use our joint savings from the sale of our flat to clear my cards before our move. I think I need to do it sooner rather than later so it shows on my record that it's been paid off.
    I just feel so bad using our money and not paying it myself. I feel like I'm cheating.

    I'm then going to set up a realistic standing order to pay back the money each month until it's all paid back. I think I will probably do £400 a month for 6 months. Just need to work out that I can actually afford that though because our mortgage will be higher and my travel to work will be a lot more but I'm not saving for a big Florida holiday which will help.
    Wish I could do it sooner than 6 months. I had dreams of being debt free before we moved into our new home. I wanted a fresh start.

    I also need to save spending money for Ibiza in August.

    I've set aside £800 this month and my husband has saved £1000 for when we move to pay for new things we want like a garden shed, lawn mower, plants, blinds,new lighting etc! There is no way I am putting anything on a credit card this time!! If I can't afford it, I'll wait until I can!
    May 2015: £11685.56 / June 2017: £2400
    Credit card 1: £600
    Credit card 2: £1800
    • kirtsypoos
    • By kirtsypoos 6th Jun 17, 9:12 AM
    • 2,814 Posts
    • 11,782 Thanks
    kirtsypoos
    So exciting LMSTM

    You've done amazingly well, and it's not like you aren't paying it off - it's your money anyway, AND you are paying it back.

    When you get to smaller figures it's so easy to take your eye off the ball - I've been there, but it will be worth it in the end. In 6 months you will owe no-one anything and think about what you can do with all the spare money - you won't need to put things for the house on credit because you'll have the disposable income - worth every moment of struggle
    £960/3000 OH BC(68% PAID)
    PAID VERY, Barclaycard x2, Vanquis, Natwest, O/D, Tesco & MBNA x2 PAID LBM 24/07/15 - Debt: £960/31010.23 (96.90% paid)
    Mortgage - £163,450.00 (2017 O/P £1213.91) PAYDBX 17 #006 - £14789.69/14,539.71Make £10 Apr £194.58 Make £10 May £159.75 Make £10 June £245.11
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 6th Jun 17, 10:20 AM
    • 192 Posts
    • 373 Thanks
    little_miss_spendtoomuch
    Thanks kirtsypoos
    I don't like to wish my life away but I can't wait to be debt free.
    We will still have a bit of money left over in savings so I know I'm in a good position and do appreciate that I'm just so annoyed with myself.
    We need to buy a second car when we move and we can't decide whether to just buy a cheap car second hand or buy a car on finance...
    May 2015: £11685.56 / June 2017: £2400
    Credit card 1: £600
    Credit card 2: £1800
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 8th Jun 17, 5:03 PM
    • 192 Posts
    • 373 Thanks
    little_miss_spendtoomuch
    My husband has saved £1000 to buy stuff when we move and at the beginning of this month I had nothing so on pay day I put aside £800. £800 is what I used to put in our joint account each month when we lived in the flat to cover half our bills and mortgage.
    Today I received a refund I was due so have just transferred £200 and I now have £1000 saved too I like to keep things fair.
    When we move we should have around £8000 joint savings left. I'm going to pay off my cards with it and then the rest will be used towards a car and I will pay back what I borrow.
    May 2015: £11685.56 / June 2017: £2400
    Credit card 1: £600
    Credit card 2: £1800
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 9th Jun 17, 1:22 PM
    • 192 Posts
    • 373 Thanks
    little_miss_spendtoomuch
    Soooo I just went and paid off the balance of credit card 2 with the savings from the sale of our flat. That's £1800 of debt written off. Feels pretty good!
    I have £600 left on credit card 1. That means I just have £600 of official debt. £600!!
    I definitely feel like I have cheated though.

    Once we have moved I will work out what I can afford to pay back each month.
    I've promised hubby I will pay it back by Christmas. Not that he's asked when or said I have to. He's so nice and understanding about it all
    May 2015: £11685.56 / June 2017: £2400
    Credit card 1: £600
    Credit card 2: £1800
    • Purplemumof2
    • By Purplemumof2 9th Jun 17, 2:04 PM
    • 4,571 Posts
    • 14,504 Thanks
    Purplemumof2
    Well done x
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £7800.00 Cap 1: £420.00 Overdraft: £2750.00

    Lunches to work 5/25 ~ £10pw 2/5

    20p Savers 2017 £2 Savers 2017 50p Savers 2017 SPC 10 2017 #003
    • abba1772
    • By abba1772 9th Jun 17, 8:24 PM
    • 3,498 Posts
    • 9,043 Thanks
    abba1772
    Soooo I just went and paid off the balance of credit card 2 with the savings from the sale of our flat. That's £1800 of debt written off. Feels pretty good!
    I have £600 left on credit card 1. That means I just have £600 of official debt. £600!!
    I definitely feel like I have cheated though.

    Once we have moved I will work out what I can afford to pay back each month.
    I've promised hubby I will pay it back by Christmas. Not that he's asked when or said I have to. He's so nice and understanding about it all
    Originally posted by little_miss_spendtoomuch

    Well done........£600 I would love to be down to that xx
    NEXT TARGET HALIFAX CC WAS £3308.35 NOW £3308.35
    POAMAYC 2011 £6382.66 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £8000.90
    POAMAYC 2017 £2802.67 / £6000
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 20th Jun 17, 7:12 AM
    • 192 Posts
    • 373 Thanks
    little_miss_spendtoomuch
    I wish it was just £600! I still owe our savings £1800 but only £600 will be on my record.

    So things are moving with our house and we actually get the keys next week!!! Can't believe it. I'm so excited. We went to see it last week and we are so pleased with all our choices. I sent the money over to the solicitor yesterday so I'm no longer rich

    We want to get blinds when we move in. Not sure whether to pay a company to do it or buy them and try and do it ourselves. There is a local company who said they would give us a rough estimate based on our measurements so will send those over today.
    We found out that we have to have an aerial installed on the house which we had no idea about. When we moved into our flat it was all ready to go and we just plugged in the TV! So now we have to find someone who can do that for us. I have no idea what it will cost...
    I think it's going to be an expensive few weeks coming up!
    May 2015: £11685.56 / June 2017: £2400
    Credit card 1: £600
    Credit card 2: £1800
    • abba1772
    • By abba1772 20th Jun 17, 4:55 PM
    • 3,498 Posts
    • 9,043 Thanks
    abba1772
    How exciting, the first few months are always expensive but you'll settle in no time xx
    NEXT TARGET HALIFAX CC WAS £3308.35 NOW £3308.35
    POAMAYC 2011 £6382.66 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £8000.90
    POAMAYC 2017 £2802.67 / £6000
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