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  • FIRST POST
    • debtaghh
    • By debtaghh 27th Jul 16, 10:00 AM
    • 497Posts
    • 1,520Thanks
    debtaghh
    I want to stop drowning
    • #1
    • 27th Jul 16, 10:00 AM
    I want to stop drowning 27th Jul 16 at 10:00 AM
    Hi,

    I am not sure where to start or what I want from this but here goes ...

    We are in major debt and things seem to be getting worse, I have been looking at this site for years and know there is no point me posting my soa as we literally can't cut back any more e.g

    food shop for fam of 5 £240- if you can help me reduce this then that would be great. I shop at Aldi, Lidl etc and have most shops locally.
    We just got rid of sky and have reduced mobiles, gas etc.

    We can't do an iva or dmp etc as we are in rented accomadation and I know estate agents can use guarantors etc but we don't have one plus they are not that keen as I have mentioned it before to them. Where we live , it's really hard to rent as there are limited properties and having bad credit would just go against us which we really can't do.

    Our biggest issues are that I do things that I end up regretting e.g booking holidays in the uk which still add up, book parties for the kids etc. I don't know how we got into so much debt but assume it must be down to this and i've never been on a good salary. My business has been hit badly and never recovered. I'm currently looking for a part time job but can't see this happening soon as I need it to be enough salary to cover childcare for my baby. My husband is on a good salary but works shifts which means I can't rely on him for childcare help and we don't have any family that can help us. I've tried working for direct selling companies and sell things on music magpie, ebay and gumtree ( I literally have nothing else to sell). I use cashbaack sites too and did do surverys but never seem to be eligible but will stary back with that- any recommendations for good ones? Or any ideas of making more money from home?

    We are due to go away soon and I would love to have advice on how we can save money on food whilst staying at a hotel, I thought I will bring snacks from home and croissants, drink cartons for breakfast but don't want to be speending loads on lunch and dinners.

    I also feel pressure from my family when it comes to birthdays and christmas time with regards to buying expensive pressies. We have a holiday booked at christmas too ( I know not ideal).

    I supoose I'm writng this to start afresh as I can't carry on like this anymore. I am severly depressed and wake up exhausted every day and have no motivation to do anything. I feel like we are drowing in debt. I am currently receiving cbt but in all honesty the crux of the situation is the debt is the issue. I'm sick of having regrets and living life like this so fingers crossed to new me, it' going to take years but here goes.....
Page 12
    • debtaghh
    • By debtaghh 12th Jun 17, 7:14 AM
    • 497 Posts
    • 1,520 Thanks
    debtaghh
    Morning ,

    I was hoping for a nsd yesterday but wasted £11 I did make three sales and have used that to pay more off the cc as it was unexpected income. I think today will be a very expensive day as child benefit has come in and I have numerous bits to buy including birthday presents. I also need an electric toothbrush ( dentist recommended it) there are so many to choose from and they range in price, I have no idea which one to get.

    Today's list:

    Check finances and spreadsheets
    Make payment on cc
    Hoover
    Pick up prescription
    Doc appointment
    Hang washing outside
    Buy bday presents
    Look at meal plan
    Sort dd2 next stage out
    Recount coins

    I think that's it for now.

    Have a good day everyone.
    .
    • enthusiasticsaver
    • By enthusiasticsaver 12th Jun 17, 7:35 AM
    • 3,555 Posts
    • 6,212 Thanks
    enthusiasticsaver
    Tesco's were doing cheap electric toothbrushes a few weeks ago. Not sure if offer still on. We have Braun ones which we got from amazon using vouchers
    Debt and mortgage free and saving for early retirement
    • debtaghh
    • By debtaghh 12th Jun 17, 7:43 AM
    • 497 Posts
    • 1,520 Thanks
    debtaghh
    Tesco's were doing cheap electric toothbrushes a few weeks ago. Not sure if offer still on. We have Braun ones which we got from amazon using vouchers
    Originally posted by enthusiasticsaver
    Thanks, I'll have a look as want to spend as little as possible but it needs to be one that tells you if you're brushing too hard as apparently I'm brushing too hard and damaging my gums.
    .
    • debtaghh
    • By debtaghh 12th Jun 17, 8:47 PM
    • 497 Posts
    • 1,520 Thanks
    debtaghh
    I made another sale today so have used that to make another payment on the cc. Washing dried nicely outside.

    I'm feeling a little bit fed up and like it's going to take years to clear my debt ( well it is). I've tried so hard to make lots of payments and hate the thought that this is how it's going to be for years.
    .
    • clearmydebts
    • By clearmydebts 12th Jun 17, 9:36 PM
    • 6,009 Posts
    • 17,410 Thanks
    clearmydebts
    I made another sale today so have used that to make another payment on the cc. Washing dried nicely outside.

    I'm feeling a little bit fed up and like it's going to take years to clear my debt ( well it is). I've tried so hard to make lots of payments and hate the thought that this is how it's going to be for years.
    Originally posted by debtaghh
    I'm very impatient to pay mine off too. But think about how these payments are all making a dent and when they are gone, they are gone for good!
    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
    • debtaghh
    • By debtaghh 12th Jun 17, 9:40 PM
    • 497 Posts
    • 1,520 Thanks
    debtaghh
    I'm very impatient to pay mine off too. But think about how these payments are all making a dent and when they are gone, they are gone for good!
    Originally posted by clearmydebts
    I know and I can't wait for that to happen. It will be so strange for my husband to get paid and not have credit cards to pay!
    .
    • clearmydebts
    • By clearmydebts 12th Jun 17, 9:53 PM
    • 6,009 Posts
    • 17,410 Thanks
    clearmydebts
    I know and I can't wait for that to happen. It will be so strange for my husband to get paid and not have credit cards to pay!
    Originally posted by debtaghh
    I can't even imagine that either. Imagine how much disposable income we'll have!
    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
    • debtaghh
    • By debtaghh 13th Jun 17, 2:27 PM
    • 497 Posts
    • 1,520 Thanks
    debtaghh
    Hi,

    I have hung my washing outside today, I love it when you can do this as I see it as a saving! We are due nice weather over the next week so am hoping for lots of washing to get dried outside.

    I have spent the last hour thinking about debt and playing around with spreadsheets, this seems like such a waste of time as I do this daily. I think I put too much pressure on myself and need to focus on the fact that we are not increasing our debt and we pay at least the minimums. I end up making overpayments and then struggle. We have a lot of expenses coming up with birthdays and going away so think I won't make many overpayments as it will just leave us short. I have managed to get the Barclaycard under 2k and will start paying interest from the beg of July unless we get offered a 0%.

    Hope everyone is having a nice day.
    .
    • EssexHebridean
    • By EssexHebridean 13th Jun 17, 3:39 PM
    • 7,304 Posts
    • 38,559 Thanks
    EssexHebridean
    Our washing goes outside unless it's actually raining - sometimes takes a while but always dries in a couple of days! I hate using the dryer - use it for towels as they dry nicer but nothing else at all really. It's the airer inside if it's too wet or cold to dry outside.

    Basic rules for a "basic" emergency fund:
    Homeowner = at least £1,000
    Renting = At least £500 - ideally a bit more if you run a car as well.

    I'd hang onto the savings for the time being at a 1k level to be honest - make sure that they're earning you some interest though - look at trickle feeding them into your bank's regular saver account if there is one - they typically pay decent interest but you will have to trickle the money in over a 12 month period, most likely.

    focus on the small achievements - getting the Barclaycard under 2k is brilliant! Why not have a think about any ways you might be able to make a bit extra money wise to cover the interest you're going to get charged on that from next month? If it's "free" money you're earning (surveys etc?) then even if you can't get a 0% offer right away, at least you're not losing the full effect of your payments if you can cover the interest?
    MORTGAGE FREE 30/09/2016
    Sainsbugs 0% card: 22/12/16 £1229.00/£373.02
    • debtaghh
    • By debtaghh 13th Jun 17, 3:58 PM
    • 497 Posts
    • 1,520 Thanks
    debtaghh
    Our washing goes outside unless it's actually raining - sometimes takes a while but always dries in a couple of days! I hate using the dryer - use it for towels as they dry nicer but nothing else at all really. It's the airer inside if it's too wet or cold to dry outside.

    Basic rules for a "basic" emergency fund:
    Homeowner = at least £1,000
    Renting = At least £500 - ideally a bit more if you run a car as well.

    I'd hang onto the savings for the time being at a 1k level to be honest - make sure that they're earning you some interest though - look at trickle feeding them into your bank's regular saver account if there is one - they typically pay decent interest but you will have to trickle the money in over a 12 month period, most likely.

    focus on the small achievements - getting the Barclaycard under 2k is brilliant! Why not have a think about any ways you might be able to make a bit extra money wise to cover the interest you're going to get charged on that from next month? If it's "free" money you're earning (surveys etc?) then even if you can't get a 0% offer right away, at least you're not losing the full effect of your payments if you can cover the interest?
    Originally posted by EssexHebridean
    Thanks. I've been really trying hard to hang washing out as much as possible and doing other small money saving things.
    That's a good idea about trying to make other money to cover the interest so will have a think, I have been putting any unexpected money towards this card to try and get it down. I hate paying interest

    I don't really have an emergency fund as the money in savings are allocated for new brakes next month and Xmas presents. But I suppose I could use that if I had to.
    .
    • debtaghh
    • By debtaghh 14th Jun 17, 8:16 PM
    • 497 Posts
    • 1,520 Thanks
    debtaghh
    Hi,

    I made a small sale which I used again to make another payment on the barclaycard. I had to go and get some food shopping so def not a nsd. We have had lovely weather so another load hung up and dry. I was meeting friends for lunch today but instead of eating out we had a picnic which was good.

    When you hear so much sad news lately, it makes you realise that money isn't everything.
    .
    • debtaghh
    • By debtaghh 15th Jun 17, 2:41 PM
    • 497 Posts
    • 1,520 Thanks
    debtaghh
    Hi,

    Another load out and drying. I have had an expensive 24 hours and have spent over £150 between food shopping and birthday presents. From now on I am going to cash out money for food and general spending as it's too easy to just put things on the card. I think I will panic more if I see I only have £50 physically in my purse left for the month. I will now have to have another quick look at the finances as really don't want to have to use the savings to top up the monthly budget. But I do need to buy my daughter's main present still and my husband was due extra hours next week which would have been over £100 but they don't need him anymore. I had included this money in our income.
    Last edited by debtaghh; 15-06-2017 at 2:44 PM.
    .
    • debtaghh
    • By debtaghh 17th Jun 17, 7:41 AM
    • 497 Posts
    • 1,520 Thanks
    debtaghh
    Morning,

    Another sunny day here today which means more washing will be done! It was a friend's birthday yesterday so we went out for dinner and I treated her as that was her present from me.


    Hubby got extra hours last night which was good and all helps. He is also doing a few hours tonight so that will help too.

    I started my diary around this time last year and it's strange as I have been feeling really stressed about money lately and was wondering why at this time of the year it starts to affect me more. I came to the conclusion that I think it's because I know holidays are coming soon and then Christmas ( I know it's ages away but I start to stress about it now) I spend a lot of money at Christmas and that's what is stresssing me out. I know how much I need for it. I've tried to save but realistically we can't afford to save monthly for it as our outgoings are already more than our income.

    I'm hoping for a chilled out weekend , ds has swimming this morning and we have a fam lunch today but that's it.

    Jobs for today :

    Post items
    Take ds swimming
    Washing
    Look at finances again
    Meal plan

    Have a lovely weekend everyone.
    .
    • debtaghh
    • By debtaghh 18th Jun 17, 6:39 PM
    • 497 Posts
    • 1,520 Thanks
    debtaghh
    Hope everyone has had a lovely sunny weekend.

    The weather has been amazing and three loads this weekend have been washed and dried.

    On the money front we have spent some money on meat for a few BBQs. As I mentioned in my previous posts I was feeling very stressed about money but have decided to use the savings to top up our salary as we were very short and things crop up. My daughter now needs new shoes, presents etc. Using this money means I don't have as much in savings for Xmas presents but am hoping my husband's overtime will continue and that my business picks up in September. The fact is there is no point in having savings and then be struggling to buy food. Tomorrow or Tuesday I will cash my food money and spending cash out to monitor my spends. Any spare cash will go in a pot for Xmas presents. I'm hoping I've made the right decision.
    .
    • debtaghh
    • By debtaghh 19th Jun 17, 6:38 AM
    • 497 Posts
    • 1,520 Thanks
    debtaghh
    Morning,

    It's due to be another hot day so at least another load will be done.

    After reading other diaries on here , I've decided I need to check my account and log how much I spent last month on food as it feels like a lot.

    Jobs to do:

    Put wash on
    Hoover
    Sort paddling pool out
    Weekly jobs
    Look at finances ... inclu looking at food spends
    Wrap present and write cards
    Chase dd blood results again

    Think that's it for now. I'd like to also spend as minimal as possible.

    Have a lovely day.
    .
    • debtaghh
    • By debtaghh 20th Jun 17, 10:27 AM
    • 497 Posts
    • 1,520 Thanks
    debtaghh
    Morning,

    Another warm day and another load drying outside.

    I had another nsd yesterday ( think it's only my 4th this month). Hubby has been paid so have paid all minimums and transferred money for food to cash out. I worked out how much we spent in a month on food/toiletries/eating out etc and am mortified I actually can't believe it, it's made me def realise that cashing the money out is def the way forward as that way I can monitor exactly what I'm spending! We only have £50 per week for food for a family of 5, so it will be tight as this needs to include everything. I am going to only bring with me the £50 when I go to the shops so I can't be tempted to use some of next week's money!

    Have a good day everyone.
    .
    • debtaghh
    • By debtaghh 21st Jun 17, 6:50 AM
    • 497 Posts
    • 1,520 Thanks
    debtaghh
    Morning,

    I cashed out my money yesterday for all my pots to budget, it will be very tight but one can try.

    I have been offered a few hours of work today which is good.

    All minimums paid yesterday so not much else to report.

    Have a lovely day everyone.
    .
    • clearmydebts
    • By clearmydebts 21st Jun 17, 9:08 AM
    • 6,009 Posts
    • 17,410 Thanks
    clearmydebts
    Morning,

    I cashed out my money yesterday for all my pots to budget, it will be very tight but one can try.

    I have been offered a few hours of work today which is good.

    All minimums paid yesterday so not much else to report.

    Have a lovely day everyone.
    Originally posted by debtaghh
    Have a lovely day too. You are doing great!
    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
    • debtaghh
    • By debtaghh 23rd Jun 17, 6:28 AM
    • 497 Posts
    • 1,520 Thanks
    debtaghh
    Have a lovely day too. You are doing great!
    Originally posted by clearmydebts

    Thanks very much, it sometimes doesn't feel like I am due to the level of debt we have
    .
    • debtaghh
    • By debtaghh 23rd Jun 17, 6:44 AM
    • 497 Posts
    • 1,520 Thanks
    debtaghh
    Morning,

    I had a very busy day yesterday from first thing so didn't have time to post. I spent £6 for a charity event and ordered some new stock. I managed to strip the beds and dry them outside. I am hoping to do a load now and hang it up as we are then on a day trip, we have passes for the trip so am hoping it will be a nsd as we will bring lunch and a flask with us. Bank accounts are looking very low already but that is because I cashed out all the money to allocate to pots. What I have noticed already about cashing the money out is how quick the money goes!I now only have £40 p/w for food and £30 for general spending. This will be tight but will be very pleased if I achieve this. My husband has managed to get extra hours for this Sunday which is good.

    I worked out how much money I need this year for Christmas, birthdays, holiday spending and dd school trip spending money and it came out as £1700. This does worry me as we only have about £520. Not sure where we are going to find nearly £1200 but there is nothing I can do about it apart from try and stick to a tight budget and hope my husband gets overtime and that I make more sales. I will only be able to afford the minimums on the cc unless we get a lot of extra money coming in. They are all on good deal apart from one is ending now and we can't get another deal. This is 10.2% and I still have left on it £1775

    Anyway sorry for rambling, hope everyone has a lovely day.

    P.s: Nearly forgot another thing I did on wed eve was claim £150 back from BT with their deal that I did. I should hopefully be getting a £50 chq from them and a £100 preloaded mastercard which can go towards presents.
    Last edited by debtaghh; 23-06-2017 at 6:48 AM.
    .
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