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  • FIRST POST
    • DD265
    • By DD265 31st Aug 16, 3:37 PM
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    DD265
    Ready to be debt free
    • #1
    • 31st Aug 16, 3:37 PM
    Ready to be debt free 31st Aug 16 at 3:37 PM
    I've been here before and then lost focus.

    I currently owe £6187.53 on two credit cards, all interest free at present. Last year I was raking it in on the bonus scheme at work and would pay off over £1000 a month across several debts. This year my targets are not achievable and although I had a pay rise I'm still bringing home less and therefore I don't feel like I'm making any significant progress.

    Now for my confession: £3800 of that has been spent this year. That's a real eye opener - and I do have a list of exactly what it was spent on too. If I hadn't done that, I'd be well on my way to clearing the other card within months.

    I have YNAB and can see two key areas to cut back, one easier than the other.

    1) unnecessary supermarket/snack spending. You know the £5 here, £3 there that all adds up, despite the fact that you did a meal plan and a weekly shop.

    2) this is tough; I have a horse who's recently retired. At £600 a month he costs the same as what I contribute to our home/bills. He hasn't been 100% for years but he's healthy and happy enough to be a pet so I'm in the see-how-it-goes camp at the moment. A large part of the £3800 was a throw-everything-at-it last attempt to get him being ridden happily, and we did have a really good couple of months so whilst I do regret some of the spending, I really appreciate those memories too.

    My plan is to find/make the funds to start making over payments on the card with the largest balance. I do reasonably well selling on eBay and I've a mountain of things still to put on as well as some currently active listings. I hate having to wait days/weeks between making extra payments so I'm hoping the eBaying will still let me feel like I'm doing something useful.

    Wish me willpower
Page 3
    • DD265
    • By DD265 4th Oct 16, 8:44 PM
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    DD265
    I think I might struggle to pay off £1000 between now and the end of December purely from my salary
    Originally posted by DD265
    I was thinking about this just now. This time last year, I'd have paid off £1000 within two months. In fact had the earning trend continued, I'd not have "needed" to put the £3500 or whatever it was on the credit card. Right now I'd actually be free of the credit cards. I was paying £600-800 off student loan/credit card debt and spending £400-500 a month on discretionary spends and not thinking too much of it.

    Then targets went up and became very difficult to meet and the overtime stopped. I've yet to bring home just my basic salary, but it's been a close call and I suspect November will be when it happens.

    Around April this year, I realised if horse and I were going to make a go of it, we needed to sort some gear out. I said in my original post that I'm very grateful for the few months where we were doing well and I still am, but the reality is I did not need all of the things that were purchased and whilst I almost always buy quality over quantity, I could have made do with lesser quality in several cases.

    Of the many items I bought earlier this year, most will be sold at a loss and we'll be left with one coat which I should've returned when I got it because the zip is a !!!!!!.
    Barclaycard: £1795.61/£2907.26 - 38% paid
    MBNA: £2,613.57/£3866.92 - 32% paid
    • DD265
    • By DD265 5th Oct 16, 8:58 PM
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    DD265
    I had some interest in one of my more expensive items but it fell through. However I did sell something else on eBay for near enough the asking price so I'm pleased with that.

    I have many more items to list - some of which are expensive - it's just getting round to doing it. However these are all taking up a significant amount of space in the spare room and I need to get sorting it out sooner rather than later if we're putting a bed in there.

    Apart from that.. nope can't think of anything to add
    Barclaycard: £1795.61/£2907.26 - 38% paid
    MBNA: £2,613.57/£3866.92 - 32% paid
    • DD265
    • By DD265 6th Oct 16, 12:00 PM
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    DD265
    Finally a big chunk of cashback has confirmed. I've just withdrawn over £75 from my Quidco account (I only had £5 "left", so not waiting to hit the £100 mark as no significant purchases planned) and then will add that to some of my PayPal balance to make an extra £100 credit card payment.

    I have a hotel booking for an event later this month. On the one hand I can drive there in about 45 minutes each way given the times of day, on the other hand I'm on the organising committee. I booked it in March but predictably, haven't been putting money aside from it (predominantly as I've been leaning towards cancelling). Now, I'm trying to pick between very long days plus unnecessary driving vs an unnecessary £200 spend.

    There's also a course I want to do, totally unrelated. It's kind of life coaching I guess, but having felt stuck in a rut for quite some time now this particular course really appeals to me. Unfortunately it's over $500 and I don't have the money. If I suddenly improved "the things" as a direct result then it would be worth it, but history tells me that I often don't put what I learn into practise consistently. The person running the course also does individual coaching, so I think I might be better off doing that when I've sorted my finances out.
    Barclaycard: £1795.61/£2907.26 - 38% paid
    MBNA: £2,613.57/£3866.92 - 32% paid
    • Dewdrop.ja
    • By Dewdrop.ja 8th Oct 16, 2:08 PM
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    • 76 Thanks
    Dewdrop.ja
    Hello DD. I'm so sorry I've not been on here for ages. Still busy with my money saving and selling everything I can!

    That is such a hard situation. I hope just by talking it through helped a little. I had a pony from when I was 9 - 19 and when he passed away (he was struck by lightening of all things) I was devastated to say the least so I can completely relate to the bond you have. What is his name?
    I had to rehome my beagle a few weeks ago. I had only had her for 5 months (she costs me 3 grand in vet bills and was still leaking). I'm still upset by it even though I know it's the right thing for her and us. I now have the chance to pay off some of the debt I've incurred and she has gone to beagle welfare where she will continue to have surgery until fixed and then be rehomed. Best for both of us but still tough - and as I say that's after only 5 months with her

    How are you feeling about it now?

    I didn't want to read that and run so I'll come back in a bit to read the rest of your posts and see how you've been getting on x
    Halifax: £4765.18
    MBNA: £6843.51
    • DD265
    • By DD265 9th Oct 16, 2:39 PM
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    DD265
    Thanks Dewdrop. He's called Dafydd but he's Daffy, Daffs or MrD for short!

    I'm actually taking the approach of not thinking about it. Not really burying my head in the sand, but more if it's upsetting me this much and I can't decide either way, it's obviously not time to decide. Yes it'll take me longer to pay off debt whilst paying for him, but as long as I don't find myself in a situation where I can't meet any bills/minimum payments then I can accept that.

    I'm sorry about your dog, they can worm their way into our hearts so quickly that even after 5 months it would be hard to say goodbye. I do agree that you did the right thing though. *hugs*
    Barclaycard: £1795.61/£2907.26 - 38% paid
    MBNA: £2,613.57/£3866.92 - 32% paid
    • DD265
    • By DD265 9th Oct 16, 4:04 PM
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    DD265
    Operation new-bed is underway. I don't know when we're getting our "new" mattress but possibly this month.

    Yesterday I bought a king size sheet in Sainsbury's as we had a voucher for Nectar points but couldn't get a duvet set as we'll want super king.

    Have also just spent some time tidying the spare room; sorted out the pile of "stuff to get rid of" between tip, charity shop and eBay so will nip out soon to move some of that lot. I don't know how soon I'll find the time/motivation to do the next batch of eBaying!
    Barclaycard: £1795.61/£2907.26 - 38% paid
    MBNA: £2,613.57/£3866.92 - 32% paid
    • DD265
    • By DD265 9th Oct 16, 7:44 PM
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    DD265
    I managed to get three eBay listings up so that's something! Trying to do one bag at a time (I currently have 4, and some more unsorted things).

    I also put in a best offer on a leather jacket. 10 years ago (eek!) when I was off to Uni, Dad gave me some money to buy clothes and I spent a not-inconsiderable amount on a size 8 leather jacket in Next. Loved it. Fast forward several years and it had stopped fitting and I'd sold it on eBay. A few more years later, I found the same jacket on eBay in a larger size (14) and bought it. Now the size 14 is too large, so I'm after a 10. Hopefully the offer will be accepted (I just thought the postage was too high so I'm trying to offset it!) and then I'll sell on the size 14.

    I go through phases of buying clothes on eBay; got a couple of maxi dresses earlier this year, and I've had jeans in the past before I got on to Levis. I do sell a lot of clothes on eBay if the brands are decent so it seems 'off' to not buy from there too now and again. Admittedly you are taking a risk that it won't fit/you won't like it, but generally I can recoup my costs and the bargains make up for any losses.
    Barclaycard: £1795.61/£2907.26 - 38% paid
    MBNA: £2,613.57/£3866.92 - 32% paid
    • DD265
    • By DD265 10th Oct 16, 12:05 PM
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    DD265
    Well my offer on the jacket was rejected, but I decided to buy it anyway. Had it been £25 + £2.50 postage (rather than £20 + £7.50 postage), I probably wouldn't have made an offer and just BIN, so it's not that different.

    I got 3 more listings up last night including a big ticket item, as got a 50% off FVF offer and wanted to take advantage. That runs until midnight tomorrow so I'm going to try and get more done - including my existing leather jacket.

    I've admitted defeat and turned the heating on today. I think we did well to make it this far, and it's not trying to maintain a constant 21 degrees so that's something.

    There are a couple more committee purchases to make then I'll be claiming back those expenses. Have also had it confirmed that I've hit my target again for September meaning another nice bonus at the end of October.
    Barclaycard: £1795.61/£2907.26 - 38% paid
    MBNA: £2,613.57/£3866.92 - 32% paid
    • Dewdrop.ja
    • By Dewdrop.ja 10th Oct 16, 8:18 PM
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    Dewdrop.ja
    Thank you lovely.

    We'll done on getting some buts on ebay. I'm doing quite well selling on Facebook at the moment

    Good luck getting some more on there
    Halifax: £4765.18
    MBNA: £6843.51
    • DD265
    • By DD265 10th Oct 16, 9:13 PM
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    DD265
    Woop my emergency fund has just exceeded £250! I'm putting in £50 a month (for two months now) but otherwise it's building up from Lloyds "Save the Change". Slow but steady.

    I'm about to submit the almost £1800 expenses claim for my committee thing before MBNA calculate my next minimum payment.
    Barclaycard: £1795.61/£2907.26 - 38% paid
    MBNA: £2,613.57/£3866.92 - 32% paid
    • DD265
    • By DD265 11th Oct 16, 7:47 PM
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    DD265
    Expenses in and credit card payment made, so I've updated the totals in my signature.

    I had budgeted a bit extra to pay off the MBNA card (the money from QuidCo) but my account is looking a little lean so I've re-budgeted that for now. No sense putting everything into debt and leaving myself short so I have to use my savings. I know that my PayPal account is growing nicely however so I'll use some of that; just need to update/reconcile that account.

    Called into IKEA on the way home - was hoping to pick up our bed in the reduced section but no joy. Did however find a matching chair for our dining table half price at £20 - it's got a grubby seat cover but we'll either clean it up or cover it - so we now have a set of 6. I'd like 8 ideally, which is silly really as there's only two of us, but the table extends to seat 8 comfortably.
    Barclaycard: £1795.61/£2907.26 - 38% paid
    MBNA: £2,613.57/£3866.92 - 32% paid
    • DD265
    • By DD265 11th Oct 16, 11:00 PM
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    DD265
    Managed to get another 8 listings up tonight, taking advantage of the 50% off FVFs offer ending at midnight. Still not everything (!) but progress all the same, and I've sold a couple of pretty expensive items today.

    Unfortunately some of the stuff I've listed has hit home and I don't really want to let it go, so I've listed it with pretty high prices and if it doesn't sell I won't be upset, but if it does hopefully I won't be too unhappy because it will have fetched a good price.

    What I need to do is get all the "for sale" stuff condensed down into a manageable, easy to store amount. I'll need to put it away safely somewhere (and we're a little lacking in "closed" storage spaces) so that when we get cat(s), they don't get into too much mischief.
    Barclaycard: £1795.61/£2907.26 - 38% paid
    MBNA: £2,613.57/£3866.92 - 32% paid
    • DD265
    • By DD265 12th Oct 16, 9:15 PM
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    DD265
    I un-listed one of the items this morning and felt a lot better.

    Today we've bought the vouchers for (most of) the bed - 5% off at Ikea. We'll still have £40 to pay out plus potentially £35 delivery as I'm still not convinced the longest boxes will fit in my car. Wondering whether I can get some friends together for van hire as I don't actually know anybody with a van.

    I asked OH earlier what he wanted to do about Christmas presents this year; last year we limited ourselves to a max £50 spend (unlimited at birthdays, but mine is in January so...). Unfortunately one of the things I'd seen to get him will be about £40 given the exchange rate, so I think I might hold off and get that for his birthday next year instead. I like to buy him really nice quality things but I also like to buy him several things, so it's a real balance with a £50 limit!
    Barclaycard: £1795.61/£2907.26 - 38% paid
    MBNA: £2,613.57/£3866.92 - 32% paid
    • DD265
    • By DD265 13th Oct 16, 3:45 PM
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    DD265
    Right I have a confession to make. For the last 2 weeks (oops I thought it was longer) I have been massively comfort eating. There are two implications to this:

    1) I have put on roughly 8lbs (praying that at least 1/4 of that is water retention so it's easier to lose!) and I'm supposed to go to WeightWatchers tonight
    2) I've not been keeping a close control over my supermarket spending, back in the old habits of £10 here and there.

    So as of right now it's back to ground zero. Discipline shall become my middle name
    Barclaycard: £1795.61/£2907.26 - 38% paid
    MBNA: £2,613.57/£3866.92 - 32% paid
    • Dewdrop.ja
    • By Dewdrop.ja 13th Oct 16, 4:52 PM
    • 50 Posts
    • 76 Thanks
    Dewdrop.ja
    I did the same when I put the girls chest of drawers up for sale. I immediately felt bad so I took it back down. I only want to sell it so I can buy one that's small enough to fit in a better space but still!

    Well done for getting the other bits on there and good luck at weight watchers! x
    Halifax: £4765.18
    MBNA: £6843.51
    • DD265
    • By DD265 14th Oct 16, 10:27 AM
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    • 2,672 Thanks
    DD265
    The scales said 5.5lbs on so better than I expected. I was actually glad I went, because my leader is extremely supportive but also somebody achieved their goal weight and that was really motivating for me. On the day I started my job, there was an awards ceremony and I decided I wanted to earn one of those myself, and 18 months later my name came up. Hopefully it won't take me 18 months to lose half a stone, but the feeling is the same.

    I have sold a few bits on eBay this week but haven't done any new listings since Tuesday. I've been doing other productive things though; finishing some cushion covers I'd knitted, sorting out the wardrobes in the spare room so we use the storage space better. I have another pile of things to take to charity, and possibly the tip; have offered old pillows/duvet/towels to the cat rescue, as I don't think they're nice enough to be sold in their charity shop.

    I'm hoping that by the end of the weekend, I'll have totally decluttered the spare room. We've to collect a gym mat (and a couple of other bits) from Mom's so I'd like to have the space where that is going clear. Not that OH uses the weights bench regularly, and I still prefer going to a gym, but it's not costing us anything to have it there and we're getting the stuff for free. Eventually I'm sure I'll sell it all. I don't expect to get all my eBay listings done as well, but I want everything to one side ready then I can just work through it all at my leisure.
    Barclaycard: £1795.61/£2907.26 - 38% paid
    MBNA: £2,613.57/£3866.92 - 32% paid
    • DD265
    • By DD265 16th Oct 16, 9:00 PM
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    DD265
    Methinks I need a weekend to recover from my weekend!

    Progress was made in the spare room but not entirely decluttered. I have an eBay offer (max £1 FVF) but not sure I have the energy to list anything. The offer ends midnight tomorrow but I have to go and collect something after work so won't have much evening. May let this one slide! Did sell a couple of items this weekend though to post tomorrow.

    Had a good catch up with a friend last night. Not too expensive as it was a night in with a takeaway. Went for a "run" today and although I didn't enjoy the running specifically, I liked being out in the fresh air and it was a lovely afternoon. I'd like to be at the point where I can run a 5K/30mins without really thinking anything of it, so I'm on the couch to 5k program. Hopefully I'll finish it this time!

    In other news (saving the best until last) we may have found a kitty. There is a chance it'll fall through, but she's a young (few months) black moggy. She's deaf so needs an indoor home, but very playful and honestly you wouldn't have known there was anything wrong with her the way she was attacking her toy. We'll probably still try and get a companion for her, but have to wait for the rescue to confirm she's ours first.
    Barclaycard: £1795.61/£2907.26 - 38% paid
    MBNA: £2,613.57/£3866.92 - 32% paid
    • DD265
    • By DD265 17th Oct 16, 11:53 AM
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    DD265
    Ooh I forgot. Yesterday I collected a special delivery letter - as in a small envelope not a parcel. On the back the return address included the word "court" on the first line. Practically pooped myself, but it turns out it was just the IKEA vouchers we'd ordered.

    We've confirmed our wedding venue/date too, just waiting for the contract to come through to pay the deposit. We are going to pay it on the credit card for the added protection, but I want to pay it off immediately so I may need to withdraw from PayPal/savings and replenish when I get paid.
    Barclaycard: £1795.61/£2907.26 - 38% paid
    MBNA: £2,613.57/£3866.92 - 32% paid
    • afo
    • By afo 17th Oct 16, 12:51 PM
    • 6 Posts
    • 8 Thanks
    afo
    Cashback / voucher card?
    Hello

    Well done on progress so far - I like your diary!

    Have you considered getting a cashback / voucher credit card for all those committee expenses? Not only will you make something each time you have to get a big purchase - 1% is the usual so thats £10 for every £1000, but also you will keep it separate from your own debts.

    At my old work I used to have one and if they were late paying expenses or something I could prove that I had accrued interest and get them to pay that as well.

    Just a thought...
    • DD265
    • By DD265 17th Oct 16, 1:49 PM
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    DD265
    It's a good idea afo. If I were staying on the committee for next year I'd consider it, but the plan is to come off so I can focus on the wedding instead.

    I'm also not sure whether I'm one of those people that can put all of their bills on a credit card then pay it off in full the following month religiously. In theory I'll be able to test that out as the wedding expenses will go on the credit card (for protection) and be paid off more or less straight away.

    I've definitely noticed that once I start spending (regardless of how), it quickly escalates into a spree. I need to get my head around that pattern first and learn how to stop it before it gets out of control.
    Barclaycard: £1795.61/£2907.26 - 38% paid
    MBNA: £2,613.57/£3866.92 - 32% paid
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