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  • FIRST POST
    • illustrateddame
    • By illustrateddame 12th Sep 16, 8:17 PM
    • 21Posts
    • 38Thanks
    illustrateddame
    Finally on the road to being debt free...
    • #1
    • 12th Sep 16, 8:17 PM
    Finally on the road to being debt free... 12th Sep 16 at 8:17 PM
    It's only just this past month that I've realised how much debt i'm actually in. I'm so glad I did, otherwise I'd carry on the way I was for who knows how long. I actually can't remember the last time I wasn't trying to pay my card off.

    I finally went through my statements and realised that I have amassed just over £12.5k over 5 CCs! I didn't even realise, I think because I just keep shifting the balance from my main CC, and sort of putting it to the back of my mind, so I "only" had the £3k that was left on that one. I think I had a mini heart attack when I realised the true amount. I dread to think how much money I have paid back to them that's gone basically nowhere.

    I hope to be debt free in May next year, before my 30th, but a concern I have is that my family don't know how much debt I'm in, and I just constantly worry about them finding out. They know I have one credit card because they know I'm trying to pay it off, but it's so hard to tell them why I can't afford great Christmas or birthday presents, or when my partner is speaking about going on holiday again. It's so difficult to say no to things like that. I don't want to tell them and I don't want them to know. I'm disappointed enough in myself without adding them to it, and I know for sure my dad would hit the roof as he is a "if you don't have the cash for it you can't get it" man. If only I'd listened!

    I guess I just wanted someone to know that I am getting on top of it now, without having to disappoint anyone when they find out the truth.

    Phew!
Page 2
    • illustrateddame
    • By illustrateddame 16th Oct 16, 11:11 PM
    • 21 Posts
    • 38 Thanks
    illustrateddame
    Thanks PMo2

    Just hoping I don't get derailed by the OH wanting to go a holiday next year, since now he knows the extent of my debt he knows I can't afford it!
    Debt at 04/09/2016 = £12,757.68 / Debt today = £0!!
    DFD: 4th October 2017!!
    • illustrateddame
    • By illustrateddame 14th Jan 17, 1:42 PM
    • 21 Posts
    • 38 Thanks
    illustrateddame
    Well. It's been a long time since I've posted, but I'm still feeling good about my spending, or lack of it!

    I've managed to stick to my budget and not buy things I don't need, apart from at Christmas when I got money as part of my gifts. I spent this on some treats for myself rather than putting to my debt. I felt that that would keep my on the wagon, and, it was all stuff I have wanted for a while.

    Also, going the way I am, it look like my DFD has shifted to maybe Dec this year rather than May of next!
    Debt at 04/09/2016 = £12,757.68 / Debt today = £0!!
    DFD: 4th October 2017!!
    • SkintTeacher
    • By SkintTeacher 14th Jan 17, 1:54 PM
    • 326 Posts
    • 1,881 Thanks
    SkintTeacher
    Amazing! Well done you. I will be following your journey to the land of debt free!
    • Purplemumof2
    • By Purplemumof2 14th Jan 17, 3:22 PM
    • 5,243 Posts
    • 18,370 Thanks
    Purplemumof2
    That's great well done
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £7100.00 Cap 1: £533.40 BC: £5090.00

    AFD 0/10 NSD 0/10 LTW 0/10

    20p Savers 2017 £2 Savers 2017 50p Savers 2017 SPC 11 2018 #003
    • LauraB89
    • By LauraB89 14th Jan 17, 4:36 PM
    • 160 Posts
    • 376 Thanks
    LauraB89
    Just popping by to say: amazing progress! Looks like you have paid off around 1/3 already


    Keep it up - you will be debt free in no time!

    xx
    • illustrateddame
    • By illustrateddame 4th Oct 17, 11:16 AM
    • 21 Posts
    • 38 Thanks
    illustrateddame
    I MADE MY LAST PAYMENT TODAY! I am finally free of the credit card black hole I had gotten myself into!!

    I am so happy I can barely contain it, I'm sitting at my desk at work grinning like an idiot!!

    I managed to shave off 7 months from how long it would take me to pay the debt down to nothing, so hopefully I can keep what I've been doing going, and build that up into savings!

    Debt at 04/09/2016 = £12,757.68 / Debt today = £0!!
    DFD: 4th October 2017!!
    • Happierdays
    • By Happierdays 4th Oct 17, 11:25 AM
    • 147 Posts
    • 453 Thanks
    Happierdays
    Well done that's great to hear! Enjoy your debt freedom
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