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  • FIRST POST
    • StressedSteph
    • By StressedSteph 3rd Sep 16, 10:03 AM
    • 2,803Posts
    • 10,833Thanks
    StressedSteph
    Will I ever get out of debt?....This time..Maybe :-/
    • #1
    • 3rd Sep 16, 10:03 AM
    Will I ever get out of debt?....This time..Maybe :-/ 3rd Sep 16 at 10:03 AM
    Morning,


    I feel it's time to start a new diary. 2016 has been hectic and I haven't really had much time to concentrate on our family finances. I have spent most of the year March - August nursing my Father-in-law and his wife through illness. Father-in-laws wife sadly died in May so I have then had to help him plan the funeral, sort out all his finances, and he then came to live with us for 6 weeks while he underwent Cancer treatment. All this added together equaled not a lot of time for me to log in here and keep up with my old diary.


    Here is the link if you are bored enough to want to know my back story

    http://forums.moneysavingexpert.com/showthread.php?t=5385122&page=7



    As you can tell by the title of my diary I failed miserably. I turned forty still with over 10k's worth of debt. .


    I wouldn't have come back here to start AGAIN! for the fourth time but something has changed......I GOT A JOB!!!


    I have had lots of money making ideas and false starts =


    craft making and selling on Etsy = I didn't have enough talent
    Training to be a massage therapist = no money
    Making Christmas wreaths = Good money maker but incredibly seasonal.


    My main problem is childcare. I have none!!. No grand parents alive or able to look after our children and no other close family.


    So for the last twelve years I have just stumbled through daft idea to daft idea of things I can do at home to make money and none of them have worked enough to majorly help our situation.


    This summer I just decided to go for a few part-time job interviews with the hope that they somehow would end up to be flexible. Well I got one . 17.1/2 hours per week working in a office about 10 minutes from home, they profess to be very flexible and to be honest I will cross the childrens holiday dilemma when I get to it. I have friends who have offered to help, my husband is self employed builder so he could have one in his van for the day and I am sure I will figure it out somehow.


    Anyway, this will give me an average of £800 per month. Not mind blowing I know but I plan to pay my wages against the debt every month. We will still pay the minimum payments out of our joint account and my £800 will be each payments on my Snowball.


    The snowball calculator says it will take me 1 year. Not overly happy with that but hoping when I start to see the debt decreasing I will be spurred on to find more money out of the household account to add to it.


    Our finances have been all over the place this year with me not watching things and I must admit to making our debt worse by 2k . Hopefully now though I can start to make a big change.


    Sorry for all the waffle, I will try to post here every day to keep me going.


    I need to update my signature which I will do tonight.


    Thanks all


    Stressed Steph xx
    Last edited by StressedSteph; 03-09-2016 at 11:23 AM.
    Overdraft £594 / Very £420 / Bank of Scot - £1452 /
    Lloyds cc - £2629 / Barclay cc £2960 / MBNA £4525
    LBM Dec 2013 £20,519 - August 2016 = £12580
    Snowball calc DFD August 2017
Page 2
    • Amyboo
    • By Amyboo 5th Sep 16, 7:49 PM
    • 44 Posts
    • 146 Thanks
    Amyboo
    Lovely to see you back. Sorry things have been rubbish for you this year. X

    Looking forward to reading about your debt busting. Good luck with the job. X
    DMP started Jan 09 £55,509.29 current balance is £21,482.49p
    • StressedSteph
    • By StressedSteph 5th Sep 16, 7:52 PM
    • 2,803 Posts
    • 10,833 Thanks
    StressedSteph
    Evening all,


    Thanks for all the lovely comments. Kitten you are right about the emergency fund. I think I did think about putting away my first months income, and hopefully adding the difference from the joint account to make it the Baby Step one. (1k Emergency fund). Probably a good idea as life does have a habit of smacking me in the face when I am least expecting it.


    So that's the plan then. Septembers wages are for the emergency fund, then move onto the snowball.


    Well we all survived the first day back to work and school. Ds & Dd had fab days at school...Phew!!.


    I had a wonderful morning at work, got tonnes to get my head around, but thankfully have a whole day on my own in the office tomorrow as the boss is away. This will give me chance to work through a few processes and get abit more familiar with the computer and filing system.


    Everything is looking rosey at the moment


    It's ds's birthday on the 15th, need to get some idea from him what he wants then will get it ordered. I have abit set aside for this expense so hopefully that is taken care of.


    Loving going out to work, it is really making me feel good. I know that sounds daft but I think rattling around at home was slowly driving me bonkers.


    Hope you all had as good a Monday as the Stressed household did.


    Take care all. xxx
    Overdraft £594 / Very £420 / Bank of Scot - £1452 /
    Lloyds cc - £2629 / Barclay cc £2960 / MBNA £4525
    LBM Dec 2013 £20,519 - August 2016 = £12580
    Snowball calc DFD August 2017
    • clearmydebts
    • By clearmydebts 5th Sep 16, 10:36 PM
    • 5,879 Posts
    • 17,092 Thanks
    clearmydebts
    Huge congratulations on the job Steph. I'm delighted for you!


    Looking forward to your new diary too
    Total debt (starting September 2016): £21,808
    BOI credit card: £4707
    Loan: £17,101
    • kelpie35
    • By kelpie35 5th Sep 16, 11:38 PM
    • 1,258 Posts
    • 3,765 Thanks
    kelpie35
    So pleased for you Steph that your 1st day went well.

    I am sure you will succeed as you are a very determined lady.

    Take care
    • Eager_Elephant
    • By Eager_Elephant 6th Sep 16, 7:29 AM
    • 3,538 Posts
    • 17,307 Thanks
    Eager_Elephant
    Excellent Steph - so pleased your first day at work was successful. You must be doing ok otherwise the boss wouldn't be leaving you on your own today!!


    Hope today goes as well as yesterday.
    Ninja Saving Turtle No. 1 for September
    NSD - 12/14
    (up to 21/9/16)
    My Diary is here - http://forums.moneysavingexpert.com/showthread.php?t=2175629 (Eager Elephants Effective Everyday Excursion)
    • abba1772
    • By abba1772 6th Sep 16, 8:53 AM
    • 2,795 Posts
    • 6,356 Thanks
    abba1772
    Glad your first day went well xx
    BARCLAYCARD TO BE PAID OFF BY XMAS Sept 16: £2299 Now £1924.06

    POAMAYC 2011 £6382.66 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £4903.60 / £6000
    • muppets
    • By muppets 7th Sep 16, 9:06 PM
    • 295 Posts
    • 2,669 Thanks
    muppets
    Congrats on the new job.

    Subscribing. x
    PAYDBX 2016 - #01 Pd £9,217.12 / £12,000 - 76.80%
    SPC9 #93
    MFiT-T4 #9
    UK debts
    PD £15,002.83 / £20,155.54 - 74.43%
    Mortgage - PD 74,010.59 / 271,495.07 27.26% MF Aug 2038 Sept 2035
    My diary - Making a move on debt
    • Buffythedebtslayer
    • By Buffythedebtslayer 7th Sep 16, 9:25 PM
    • 14,750 Posts
    • 46,964 Thanks
    Buffythedebtslayer
    Congrats on your first day sounds fab XXX
    Saving all the money.............really I am !
    • StressedSteph
    • By StressedSteph 8th Sep 16, 9:12 AM
    • 2,803 Posts
    • 10,833 Thanks
    StressedSteph
    Morning all,


    Just a quick check in a doubt I will have time tonight.


    This is going to be a super busy day.


    0930 - 245pm Work
    3pm - 3.30 pm School Meet & Great new teacher
    Home for 20 mins then
    430 - 7pm Dd Gymnastics (too far from home to leave her and come back)
    Then at 8pm I promised a friend I would go to her clothing evening. I think a French clothing company are going to her house to try to sell clothes. I was going to not go, but then I was told hardly anyone is going so feel to bad to not go. Trouble is I won't be buying anything so I won't be much use.


    Hubby has agreed to cook dinner, as I literally will not be home all day & night


    Then tomorrow I have a morning of cleaning then 2.1/2 hours in the office. PHEW....I am going to need a good lie in on Saturday.


    It doesn't help that I seem to have abit of insomnia lately, not sure if it's because of all the changes going on round here or what, but I toss and turn for hours before I go to sleep. I saw 2am on the clock well before I finally drifted off .


    Oh well, I had better go, I have to get some more petrol before I get to work.


    Hope you all have a great day.


    Hopefully will check in tomorrow evening xxx
    Overdraft £594 / Very £420 / Bank of Scot - £1452 /
    Lloyds cc - £2629 / Barclay cc £2960 / MBNA £4525
    LBM Dec 2013 £20,519 - August 2016 = £12580
    Snowball calc DFD August 2017
    • Dolly Rocker
    • By Dolly Rocker 8th Sep 16, 9:16 AM
    • 2,247 Posts
    • 5,748 Thanks
    Dolly Rocker
    Wow you do have a buys couple of days ahead.

    Oh you might get some cnice style ideas which you can then go & buy high street versions for half the price probably, I'm sure you will still enjoy it even if you aren't buying anything. Your friend will really appreciate you taking the time to go.

    Aw nice of hubby making the dinner tonight.

    I have been the same with the sleeping, I think it must have something to do with this weather, I am taking ages to nod off then waking up loads in the night. It is so annoying.

    Have a good day.

    Dxxx
    ***Diet 27lbs/84lbs***
    ***Debt £6,186.67/£14,523.76***
    ***Home Savings £0.00/£25,000.00***
    WW Support Thread 2016
    • Swash
    • By Swash 18th Sep 16, 2:04 AM
    • 72 Posts
    • 155 Thanks
    Swash
    Hi Steph,
    I'm so happy you're back! Sorry for the awful year you've had, and congratulations on the new job. It seems it's the start of a better end of year
    Nothing is permanent in this wicked world, not even our troubles

    Emergency fund challenge #138 £1000 / £1000 - 100%
    House deposit £19000 / £20000 - 95%
    • StressedSteph
    • By StressedSteph 20th Sep 16, 8:40 AM
    • 2,803 Posts
    • 10,833 Thanks
    StressedSteph
    Hi all


    Sorry not managed to post as often as I wanted, Last week was ridiculously busy, but got through it, Ds had a lovely birthday and all's well.


    What with birthday presents being bought etc I feel slightly out of control with YNAB again. Think I might restart it at the beginning of October fresh.


    I need to get a handle on my budgeting and stop impulse buying, I have slipped back into my old habits = Think it - Get it .


    Also got to give some more thoughts as to what I am going to do with my first months wage. I know I planned on putting is aside as an emergency fund, and that probably still is the best idea, but I just worry I will break into it at the slightest hurdle .


    I desperately need to get into abit more of a routine now Ds's birthday chaos is out of the way. I need to devote some time to my studies, at least two nights per week I think.


    Work is going well, finding my way slowly, but still enjoying it.


    Not much else to report, I have caught up with a lot of bills, just a few outstanding now but all under control.


    Hope you are all having a good week.


    xxxx
    Overdraft £594 / Very £420 / Bank of Scot - £1452 /
    Lloyds cc - £2629 / Barclay cc £2960 / MBNA £4525
    LBM Dec 2013 £20,519 - August 2016 = £12580
    Snowball calc DFD August 2017
    • chanie
    • By chanie 20th Sep 16, 8:46 AM
    • 1,239 Posts
    • 5,159 Thanks
    chanie
    Its nice to see you are back Steph.
    2016 challenge to save £500
    Direct savings £367.44
    Indirect savings £26.60

    Roadkill Rebels #23: £12.16
    • clearmydebts
    • By clearmydebts 20th Sep 16, 11:22 AM
    • 5,879 Posts
    • 17,092 Thanks
    clearmydebts
    Lovely to see an update and glad to hear work is going well. I find September to be a mad month, moneywise. It's worse for us than Xmas nearly!
    Total debt (starting September 2016): £21,808
    BOI credit card: £4707
    Loan: £17,101
    • mfmaybe
    • By mfmaybe 22nd Sep 16, 10:23 PM
    • 716 Posts
    • 2,383 Thanks
    mfmaybe
    Hi Steph,

    Great to have you back. Re the first paycheque, did you ever get your mortgage caught up as planned? I had a feel this was stopping you earning cash back, or something to do with putting it on DD. This was always a real worry for you, so if you haven't done that yet, would that be the thing to do first? Just a thought.
    Credit card 0% Highest £6354.82 now £3274 48.5% paid. Pay by Jan 17

    Other debts paid since 1/1/14: £10,650
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