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  • FIRST POST
    • debtaghh
    • By debtaghh 27th Jul 16, 10:00 AM
    • 668Posts
    • 1,927Thanks
    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 24
    • Cumbria lass
    • By Cumbria lass 11th Sep 17, 9:43 PM
    • 481 Posts
    • 1,203 Thanks
    Cumbria lass
    Well done on your job applications. I also dislike the middle of the month waiting for payday. Always looking for a few pound to make a small payment.
    Aug 2017 CC1 £3549 CC 2 £1000

    Debt Free Nov 2019: earlier if I have my way
    • debtaghh
    • By debtaghh 12th Sep 17, 6:45 AM
    • 668 Posts
    • 1,927 Thanks
    debtaghh
    Morning,

    I have washing to do, I need to buy a few bits that I forgot to get from Lidl, I need to continue listing my items.

    Surveys seem a bit quiet again at the min.

    Have a good day.
    Debt Aug 2017: Cc £45,999- family £37808: total debt £83,807

    Current debt: Cc £44,881- family - £37759.55 total debt: £82,640.55

    SPC# 580
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 12th Sep 17, 6:50 AM
    • 299 Posts
    • 1,219 Thanks
    wishingthemortgaheaway
    I had a ridiculously quiet survey patch up to the last few days, they seem to be returning, but too slowly for my liking. I was hoping to be able to cash out this week, but one hasn't reached fee free cash out yet and I've decided to go for a larger value voucher in the other.
    The 100 payment countdown (each payment = £400)
    2017
    July : £36,800 8/100
    August: £36,411.85 8/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • debtaghh
    • By debtaghh 13th Sep 17, 1:41 PM
    • 668 Posts
    • 1,927 Thanks
    debtaghh
    I've managed to hang my washing out to dry and made a sale so have finally made another payment of £30!
    Debt Aug 2017: Cc £45,999- family £37808: total debt £83,807

    Current debt: Cc £44,881- family - £37759.55 total debt: £82,640.55

    SPC# 580
    • debtaghh
    • By debtaghh 15th Sep 17, 7:12 AM
    • 668 Posts
    • 1,927 Thanks
    debtaghh
    Morning,

    I had such a busy day yesterday but all items are listed for my business and two surveys done. I need to apply for a job that seems like would be perfect. I'm not sure if I'll do this today though. I need to also at some point sort my cv out again and my personal statement. I still also need to submit my tax return. There just doesn't seem to be enough time at the minute!

    More washing needs doing today and I may attempt to make soup. I also need to do something off my long to do list. I managed to also do sewing yesterday , three items have needed repairing for a while so did that and ticked that off my list!
    Debt Aug 2017: Cc £45,999- family £37808: total debt £83,807

    Current debt: Cc £44,881- family - £37759.55 total debt: £82,640.55

    SPC# 580
    • debtaghh
    • By debtaghh 17th Sep 17, 7:18 AM
    • 668 Posts
    • 1,927 Thanks
    debtaghh
    Morning,

    I've had such a busy week but have done lots. I've applied for numerous jobs but the last two that I applied for would be perfect and not incur too much childcare.

    With regards to money, I just feel like all I'm doing is spending but I think partly that's because I'm buying Christmas presents already. Food is still high, I'm spending about £80-£100 per week. We eat lots of fruit and that is really adding up. It is for five of us and is breakfast , lunch and dinners as well as any snacks and toiletries.

    I really hope my sales pickup once ppl get paid and that I can start making more payments when dh gets paid this week.

    Have a lovely day everyone.
    Debt Aug 2017: Cc £45,999- family £37808: total debt £83,807

    Current debt: Cc £44,881- family - £37759.55 total debt: £82,640.55

    SPC# 580
    • debtaghh
    • By debtaghh 19th Sep 17, 7:29 AM
    • 668 Posts
    • 1,927 Thanks
    debtaghh
    Morning,

    I have an interview this week! It's not for a career that I want but it will work around the kids with hardly any childcare and bring home over £500 a month.

    I did a balance transfer on Friday as it was 6.9% until 2022 with no handling fee. I have put it currently in savings so my debt looks 3.5k higher but it's because I didn't realise we have a deal ending in Dec but I don't want to pay it now as I'm worried it will not take it off the part that's ending in Dec ( I can't remember if they have to) . Unfortunately we had a very unexpected spend yesterday of nearly £600 which I've had to use the savings for. I still would like to get under 40k by Xmas but I'm really thinking this is less likely to happen. With Xmas coming and I do have holidays booked for next year that need paying off ( if we cancel we would lose hundreds) I know some would say I should cancel the holidays and I know this is my biggest issue but I try really hard with everything else, no haircuts, no buying clothes, eating out etc and I know it's delaying paying our debt but to be honest as long as we are clearing a decent amt of debt then I'm ok with it being slightly delayed but the main thing is I need to see our debt going down or we should no way be going on holiday.

    I spent £100 on food last week. I went shopping yesterday and spent £38, I'm really hoping to only need to spend another £20 at the most on milk, bread and fruit. Therefore averages the two weeks at £80.

    Have a good day everyone.
    Debt Aug 2017: Cc £45,999- family £37808: total debt £83,807

    Current debt: Cc £44,881- family - £37759.55 total debt: £82,640.55

    SPC# 580
    • enthusiasticsaver
    • By enthusiasticsaver 19th Sep 17, 8:29 AM
    • 4,244 Posts
    • 7,662 Thanks
    enthusiasticsaver
    Not sure why you have incurred further debt at 6.9% and then put it in savings. This is not savings as you have borrowed it so by its very definition this is further borrowing. The debt will not go down while you carry on doing things like this. I am being tough as I am slightly frustrated when you do these things when you seem to be doing well on other things like watching your spends. I am going to ignore your comments about holidays as you know my views on these but accept as this is a very long haul for you living along the way is necessary.

    Use the savings you have to pay against your highest charging debts. Leave £1000 for an emergency fund and start savings pots for Christmas and holidays (to come out of monthly budget not balance transfers which is further borrowing). Preempting deals which do not finish for a while seems to be a habit for you and it is not helping you reduce your debt.

    Good luck with the job interview as an extra £500 per month will definitely help you.
    Last edited by enthusiasticsaver; 19-09-2017 at 8:32 AM.
    Countdown to early retirement on 21.12.17 3 months to go.
    • debtaghh
    • By debtaghh 19th Sep 17, 8:32 AM
    • 668 Posts
    • 1,927 Thanks
    debtaghh
    Thanks for your reply. I'm not keeping it in savings , I'm going to use it to clear a deal that will be ending in December and going to 29.9%, I just put it in savings until December as this offer was ending. I thought it was better I do that then pay 29.9%.
    Debt Aug 2017: Cc £45,999- family £37808: total debt £83,807

    Current debt: Cc £44,881- family - £37759.55 total debt: £82,640.55

    SPC# 580
    • enthusiasticsaver
    • By enthusiasticsaver 19th Sep 17, 8:35 AM
    • 4,244 Posts
    • 7,662 Thanks
    enthusiasticsaver
    Thanks for your reply. I'm not keeping it in savings , I'm going to use it to clear a deal that will be ending in December and going to 29.9%, I just put it in savings until December as this offer was ending. I thought it was better I do that then pay 29.9%.
    Originally posted by debtaghh
    I could understand that if the deal was ending next week or had already ended. Paying 6.9% interest on money that sits there doing nothing for 3 months does not make sense though unless the credit card company will allocate it now. That would make sense.
    Countdown to early retirement on 21.12.17 3 months to go.
    • debtaghh
    • By debtaghh 19th Sep 17, 8:39 AM
    • 668 Posts
    • 1,927 Thanks
    debtaghh
    I could understand that if the deal was ending next week or had already ended. Paying 6.9% interest on money that sits there doing nothing for 3 months does not make sense though unless the credit card company will allocate it now. That would make sense.
    Originally posted by enthusiasticsaver
    I understand what you are saying but is it not better I incur a small amount of interest for two months ( I deliberately did it after the bill had been made to incur one lot of less interest) then pay 29.9% from December that was my worry.
    Debt Aug 2017: Cc £45,999- family £37808: total debt £83,807

    Current debt: Cc £44,881- family - £37759.55 total debt: £82,640.55

    SPC# 580
    • enthusiasticsaver
    • By enthusiasticsaver 19th Sep 17, 8:54 AM
    • 4,244 Posts
    • 7,662 Thanks
    enthusiasticsaver
    I understand what you are saying but is it not better I incur a small amount of interest for two months ( I deliberately did it after the bill had been made to incur one lot of less interest) then pay 29.9% from December that was my worry.
    Originally posted by debtaghh
    It depends on the amounts involved. Did you do the maths calculations? I have looked at your post a few pages back with the deals you currently have and cannot see one finishing in December unless this is the one your Dad took out for you in which case that was a very short deal and not worth bothering about?

    You seem to have a lot on 6.9% life of balance which ok is better than 29.9% but £10k per annum on this is £690 per year in interest so do not underestimate how much these cost you. Same goes with short balance transfer deals. Best deals are 0% long deals with very low or zero balance transfer fees (extremely rare I know)

    Well done though for keeping an eye on the dates for the deals ending as I cannot fault you for that.
    Countdown to early retirement on 21.12.17 3 months to go.
    • debtaghh
    • By debtaghh 19th Sep 17, 9:05 AM
    • 668 Posts
    • 1,927 Thanks
    debtaghh
    It depends on the amounts involved. Did you do the maths calculations? I have looked at your post a few pages back with the deals you currently have and cannot see one finishing in December unless this is the one your Dad took out for you in which case that was a very short deal and not worth bothering about?

    You seem to have a lot on 6.9% life of balance which ok is better than 29.9% but £10k per annum on this is £690 per year in interest so do not underestimate how much these cost you. Same goes with short balance transfer deals. Best deals are 0% long deals with very low or zero balance transfer fees (extremely rare I know)

    Well done though for keeping an eye on the dates for the deals ending as I cannot fault you for that.
    Originally posted by enthusiasticsaver
    This is one of my dh card that I thought the whole balance was due to end next June ( currently on 0%) however something made me double check it and I realised £3k ends in Dec.
    Debt Aug 2017: Cc £45,999- family £37808: total debt £83,807

    Current debt: Cc £44,881- family - £37759.55 total debt: £82,640.55

    SPC# 580
    • EssexHebridean
    • By EssexHebridean 19th Sep 17, 1:10 PM
    • 7,774 Posts
    • 40,233 Thanks
    EssexHebridean
    Why not contact the card provider and find out how that money would be allocated if it was paid off now? the worry is always that something "unexpected" will come up and you'll feel you have to use the stashed money for that, and then it won;'t be there for it's planned purpose when needed...

    Good luck for the interview!
    MORTGAGE FREE 30/09/2016
    Sainsbugs 0% card: 22/12/16 £1229.00/£504.92 (29/08/17)
    • debtaghh
    • By debtaghh 19th Sep 17, 4:50 PM
    • 668 Posts
    • 1,927 Thanks
    debtaghh
    Thanks. I had a spare half an hour and looked it up and from what I can see they allocated last months payment to the Dec balance as that part had reduced so think it is like that. I paid a chunk off with the transfer money.
    Debt Aug 2017: Cc £45,999- family £37808: total debt £83,807

    Current debt: Cc £44,881- family - £37759.55 total debt: £82,640.55

    SPC# 580
    • debtaghh
    • By debtaghh 20th Sep 17, 7:28 AM
    • 668 Posts
    • 1,927 Thanks
    debtaghh
    Morning,

    Finally dh has been paid... it feels like a very long time! All minimums have been paid. Just need sales! I'm really hoping once ppl get paid that things will improve as it's been awful lately as have surveys.
    Debt Aug 2017: Cc £45,999- family £37808: total debt £83,807

    Current debt: Cc £44,881- family - £37759.55 total debt: £82,640.55

    SPC# 580
    • debtaghh
    • By debtaghh 20th Sep 17, 2:30 PM
    • 668 Posts
    • 1,927 Thanks
    debtaghh
    Job is a no therefore money is still rubbish as are sales. I'm feeling pretty fed up right now.
    Debt Aug 2017: Cc £45,999- family £37808: total debt £83,807

    Current debt: Cc £44,881- family - £37759.55 total debt: £82,640.55

    SPC# 580
    • enthusiasticsaver
    • By enthusiasticsaver 20th Sep 17, 3:34 PM
    • 4,244 Posts
    • 7,662 Thanks
    enthusiasticsaver
    Job is a no therefore money is still rubbish as are sales. I'm feeling pretty fed up right now.
    Originally posted by debtaghh
    Sorry to hear that
    Hopefully something else will come along.
    Countdown to early retirement on 21.12.17 3 months to go.
    • debtaghh
    • By debtaghh 22nd Sep 17, 7:49 AM
    • 668 Posts
    • 1,927 Thanks
    debtaghh
    Morning,

    I need to sort my signature out over the next few days but have a full on few days. Today I should only spend about a fiver , tom nothing as am going to people's houses but have gifts already but Sunday could be costly of at least £30

    I've done more top up shops but it's hard to work out as I bought Xmas pressies in them so if I roughly deduct the cost of that then this week I've spent approx £75.

    Have a sch mtg this morn, a friend over and I need to whizz round with the Hoover before she comes.

    Have a great day.
    Debt Aug 2017: Cc £45,999- family £37808: total debt £83,807

    Current debt: Cc £44,881- family - £37759.55 total debt: £82,640.55

    SPC# 580
    • Purplemumof2
    • By Purplemumof2 22nd Sep 17, 8:51 AM
    • 5,052 Posts
    • 16,599 Thanks
    Purplemumof2
    Sounds like a busy day and weekend planned.

    Have fun x
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £7400.00 Cap 1: £562.23 BC: £4577.81 Overdraft: £2750.00

    AFD 5/10 NSD 2/10 LTW 10/15

    20p Savers 2017 £2 Savers 2017 50p Savers 2017 SPC 10 2017 #003
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