Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Honeysucklelou2
    • By Honeysucklelou2 31st Dec 16, 4:05 AM
    • 512Posts
    • 1,745Thanks
    Honeysucklelou2
    From debt to freedom...
    • #1
    • 31st Dec 16, 4:05 AM
    From debt to freedom... 31st Dec 16 at 4:05 AM
    For a couple of months I have been lurking and reading diaries which have been helpful and inspiring. I thought that I would start a diary to keep myself focussed on getting rid of the debts.

    I am a working mum, recently separated from my husband. I have a large family which makes for an interesting and busy life! I have had a couple of LBMs in recent years and tried to stick to a budget. I had 2 loans totalling 17, 000 at one point. One loan was paid in Aug 2016 and the 2nd has just over £2,000 to go and is due to be paid off by August 2017.
    Other than that, I have a cc with a £475 balance, 2 home improvement loans ( for double glazing) that both have about £1700 outstanding. These have a horrible interest rate of 22%, so I'm eager to tackle these first.
Page 1
    • Honeysucklelou2
    • By Honeysucklelou2 31st Dec 16, 4:20 AM
    • 512 Posts
    • 1,745 Thanks
    Honeysucklelou2
    • #2
    • 31st Dec 16, 4:20 AM
    • #2
    • 31st Dec 16, 4:20 AM
    One of the areas I need to sort out is the food budget. I have used a spending tracker app for a couple of months and was shocked at how much is spent on food. It's often snack foods that are the issue as I call into the supermarket on the way home from work with hungry children in tow...not a good idea! I do enjoy baking so I think I need to be more organised and make sure I have flapjacks or pots of grapes etc with me so that I can stop spending on expensive snacks!

    Yesterday I did do a menu plan for the coming week and filled the car up with diesel in the hope that I can start having NSDs.

    I do have a large allotment so also need to be organised with my time to maximise the benefits. The ground can be quite wet so all growing is done in raised beds that have to be fenced to stop the rabbits eating everything! At the moment I have gooseberry, red currant, black currant and jostaberry plants in 2 of the beds. In the past I have been able to grow some veg too but the last year or so has been very tough emotionally and my youngest is 1 so opportunity to put in the time has been limited. Hoping that I can build up perhaps an hour a week and see what can be done.

    The other main debt I have is to a family member for 10,000. My family kindly lent me the money to be able to get a vehicle after I was denied the use of the family vehicle. Since we live in a very rural area this was a necessity. Keen to pay this back asap.
    Last edited by Honeysucklelou2; 31-12-2016 at 4:31 AM. Reason: Spelling
    • beanielou
    • By beanielou 2nd Jan 17, 2:16 PM
    • 48,483 Posts
    • 178,345 Thanks
    beanielou
    • #3
    • 2nd Jan 17, 2:16 PM
    • #3
    • 2nd Jan 17, 2:16 PM
    Happy shiny new diary
    keep posting!
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • Seasidegal58
    • By Seasidegal58 2nd Jan 17, 2:29 PM
    • 1,084 Posts
    • 5,828 Thanks
    Seasidegal58
    • #4
    • 2nd Jan 17, 2:29 PM
    • #4
    • 2nd Jan 17, 2:29 PM
    All the best for your MSE journey How nice to have an allotment!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Save for New Kitchen!
    My debt free diary - " Paid off the £31,000 - BUT still scrimping!"
    • Honeysucklelou2
    • By Honeysucklelou2 2nd Jan 17, 11:43 PM
    • 512 Posts
    • 1,745 Thanks
    Honeysucklelou2
    • #5
    • 2nd Jan 17, 11:43 PM
    • #5
    • 2nd Jan 17, 11:43 PM
    Thank you Beanielou and Seasidegal. Yes the allotment is one of my favourite places to be!

    Spent most of today trying to get ready to go back to work tomorrow. Managed to make some vanilla muffins so the children are stocked up with packed lunches and snack pots and am planning a NSD for tomorrow.

    Looked at the debt free challenges over the new year weekend and signed up for the 365 day challenge and the debt free by Christmas 2017 one. Hope it will focus my mind to get the debts down and gone.

    Made a repayment to the family last Friday and have regular loan payment coming out tomorrow so a little less in debt.
    • Little Miss Winner
    • By Little Miss Winner 2nd Jan 17, 11:59 PM
    • 3,958 Posts
    • 135,885 Thanks
    Little Miss Winner
    • #6
    • 2nd Jan 17, 11:59 PM
    • #6
    • 2nd Jan 17, 11:59 PM
    Good Luck with your diary. How old are your children?
    x
    • Honeysucklelou2
    • By Honeysucklelou2 3rd Jan 17, 9:03 PM
    • 512 Posts
    • 1,745 Thanks
    Honeysucklelou2
    • #7
    • 3rd Jan 17, 9:03 PM
    • #7
    • 3rd Jan 17, 9:03 PM
    Thank you Little Miss Winner. They range from 17 to 1! All at school apart from the youngest. This year will be interesting as I have one finishing sixth form and one doing her GCSEs so lots of changes likely later in the year.
    The snack pots worked today and my menu plan is holding so far which meant I didn't have to nip to Tescos and have actually had a NSD...hurray!!
    Started back to work today after the Christmas break. It's the juggle of work and home that has been a challenge for me in the past with menu plans but have tried to be organised again tonight and baked some flapjacks while the oven was on, so lunch boxes and snack pots are packed up ready for tomorrow.
    • Honeysucklelou2
    • By Honeysucklelou2 5th Jan 17, 9:36 PM
    • 512 Posts
    • 1,745 Thanks
    Honeysucklelou2
    • #8
    • 5th Jan 17, 9:36 PM
    • #8
    • 5th Jan 17, 9:36 PM
    Hurray!, I've managed 3 NSDs in a row! Wouldn't have managed 1 in a working week before, so feeling pleased. Money saved by not nipping into a supermarket for 1 thing and coming out with 5!

    Oldest daughter pleased as she has a uni interview next month. This is all new to me as Student life and even the whole UCAS application process has changed since I was a student ( wow that makes me sound ancient!) but am aware that I need to plan financially for this time in her life. Will start by adjusting budget to allow more room for travel costs. Anyone been through this and have any tips?
    paydbx #90 £475/£10,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • Honeysucklelou2
    • By Honeysucklelou2 13th Jan 17, 12:36 AM
    • 512 Posts
    • 1,745 Thanks
    Honeysucklelou2
    • #9
    • 13th Jan 17, 12:36 AM
    • #9
    • 13th Jan 17, 12:36 AM
    Been busy at work for the last week. I really enjoy my job but it does take a fair amount of time outside of working hours. Have managed 3 NSDs again this week, so am feeling pleased. That brings the monthly total to 6...hurray!

    Have a day off tomorrow so am hoping to get a budget review and menu plan sorted.
    paydbx #90 £475/£10,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • Honeysucklelou2
    • By Honeysucklelou2 13th Jan 17, 7:08 PM
    • 512 Posts
    • 1,745 Thanks
    Honeysucklelou2
    Day off wasn't quite as I'd envisaged. Spent the morning driving DD2 to DD1's college about 40 miles away so that the younger could help the elder with a project. While I was waiting I took DS in his pushchair and went round a large pet chain so that he could see the small animals. A cheap way of amusing him! Resisted the temptation to go to C0stas, which was a battle given that it was so cold!

    Have used the time this evening to make tuna plait for tea, warm and filling on a cold evening.

    Intending to sit down and rewrite the budget for the next month. I find that things crop up that knock out my budget, such as children needing new sports shoes or equipment for their courses etc. Things that are important and necessary. I guess I need a category for surprise needs like these. Some of it is learning to manage it all on a single income.

    Also need to sort out an EF. When I returned to work after maternity leave last year, I started to save £25 a month, which was all I could manage so that is slowly building. That's in an account that I could get to if necessary but it is postal, so I don't have instant access to it. Off to crunch the numbers...!
    paydbx #90 £475/£10,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • Honeysucklelou2
    • By Honeysucklelou2 14th Jan 17, 9:34 AM
    • 512 Posts
    • 1,745 Thanks
    Honeysucklelou2
    Paid £15 off the cc this morning and worked out a menu plan. Homemade pizza tonight, then turkey pie, finishing off the left over Christmas turkey that had been frozen on Boxing Day, for tomorrow. Have some blackberries in the freezer to make a crumble for tomorrow.
    Last edited by Honeysucklelou2; 14-01-2017 at 5:03 PM.
    paydbx #90 £475/£10,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • Honeysucklelou2
    • By Honeysucklelou2 16th Jan 17, 10:00 PM
    • 512 Posts
    • 1,745 Thanks
    Honeysucklelou2
    Had a really productive day on Saturday. Actually got time to sow some sweet pea seeds and snapdragons. Those seed trays are now on a window sill to maximise light. The sweet peas are in the insides of toilet rolls to be more MSE.
    The downside has been coming down with a horrible cold on Sunday. Am really cross with myself that we've had a bad food day today as I ended up sleeping twice yesterday in the daytime which is unheard of! Totally unprepared for today which resulted in having to buy extra bits in the village which although convenient is considerably more expensive than the supermarket. Hoping for a better MSE day tomorrow...
    paydbx #90 £475/£10,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • Honeysucklelou2
    • By Honeysucklelou2 21st Jan 17, 10:48 PM
    • 512 Posts
    • 1,745 Thanks
    Honeysucklelou2
    A busy week has gone quickly. Still battling a horrible cough and cold which has left me feeling very tired. As a result my menu plans went pear shaped last week. Got quite cross with myself for not being organised. Today I sat down and planned a menu for the week. Got a large chicken for tomorrow which will do nicely for a roast. We can then have chicken risotto or chicken pie for Monday. Thought I might experiment with cooking rice pudding in the slow cooker for one day in the coming week.

    DD is excited and nervous in equal measure as she now has 2 interviews one day after the other. am so pleased for her. I did get quite anxious though about the travel costs. Sat down this afternoon and tried to weigh up the options and work out which option was best in terms of money, time and childcare considerations. DD had a health issue that means It's best if someone is with her for longer distance travel. Still thinking on that one.

    On the plus side lots of snowdrops out looking so beautiful. Have seen 3 daffodils in flower in the garden. The first signs that Spring is coming are always so welcome and precious.
    Last edited by Honeysucklelou2; 21-01-2017 at 10:49 PM. Reason: Grammar
    paydbx #90 £475/£10,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • Honeysucklelou2
    • By Honeysucklelou2 4th Feb 17, 9:19 AM
    • 512 Posts
    • 1,745 Thanks
    Honeysucklelou2
    The horrible cough turned into a horrible chest infection so have been laid low for the last week or so. Thankfully feeling better now. Yesterday was the first day that I really felt I had energy to tackle things.

    Eldest daughter went to her interviews. My parents took her to the first as I was too unwell. I drove her to the second this week and was pleasantly surprised that it didn't take as long as I thought it would. Also pleased that the car seems to perform well on longer journeys and we did the whole journey on half a tank of diesal. Daughter pleased as interviews resulted in 2 conditional offers.

    Had a statement come through from a postal savings account that I have been making small regular payments to since last May. I went back to work after maternity leave in May and was concerned I have no savings to my name at all. I set up a s/o to this account and now have over 200 pounds in there. At least the start of an emergency fund!

    The sweet peas I sowed a couple of weeks ago are all up, so hoping to get some more seeds sown today. In the past I have been able to sell any leftover plants at the gate or I have taken a table at a local sale. It's a bit hit and miss especially as large supermarkets can sell so cheaply but if I try less usual varieties people canbe interested.

    Was paid this week so regular loan payment has gone out...hopefully only 6 payments to go and that loan will be cleared. Bills have been paid...it's good to be able to pay from wages and not be having to be late or having to get deeper into debt to pay as has been the case in the past. Thankful to be able to pay the bills on time now.
    paydbx #90 £475/£10,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • Honeysucklelou2
    • By Honeysucklelou2 5th Feb 17, 12:49 AM
    • 512 Posts
    • 1,745 Thanks
    Honeysucklelou2
    Had a busy day on Saturday. Rang the phone company as I realised, as I went through the bill, that I'm paying for a package that gives me anytime calls but since I'm at work during most of those times, I'm not here to make calls so I've asked them to remove that and the answer machine service as I figured that if A call was urgent someone could ring again or get me on my mobile. Hopefully will have saved 20 pounds a bill now.

    Sold a couple of plants at the gate today, which I was amazed about and thankful for in equal measure...every little helps!

    Menu plan back on track ( went a little AWOL) when I was feeling unwell but now am feeling better have got back to menu planning. Today was homemade pizza. Yesterday we had homemade veggie burgers made with chick peas...an interesting meal!
    paydbx #90 £475/£10,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • Honeysucklelou2
    • By Honeysucklelou2 8th Feb 17, 11:16 PM
    • 512 Posts
    • 1,745 Thanks
    Honeysucklelou2
    Had a NSD on Sunday. I've signed up for 10 NSDs on the challenge board so am hoping to get a few more days in next week. Tomorrow is eldest son's birthday so will be more of a spendy day. Navigating birthdays now that my husband and I are separated is unchartered waters, so we are going to have a meal out so that both of us get to celebrate with all the children. Going out means neutral ground so hopefully all of us will be able to enjoy the occasion.

    Budgets blown this week as extra spent on course materials for oldest daughter and cooking ingredients for GCSE practical for 2nd daughter. Still struggling to get budget to be able to take account of surprise spends or even spends that aren't a surprise but come in as more than intended.

    Saw lots of minature irises out the other day...absolutely beautiful. A sea of blue in a pot! Spring flowers are always so very welcome.
    paydbx #90 £475/£10,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • Honeysucklelou2
    • By Honeysucklelou2 13th Feb 17, 1:02 AM
    • 512 Posts
    • 1,745 Thanks
    Honeysucklelou2
    Meal out for my son's birthday worked out well and the ex paid half towards it which is a major step forward ( he has chosen not to contribute towards utilities or other household expenses for a few years) so to have a half contribution to the meal was amazing.

    On Friday I ended up with toothache which started to cause my face to swell. By Saturday morning I was getting a little worried so rang the emergency dental line. Got seen by 10, abscess diagnosed and offending tooth removed. Really kind dentist treated me who put me at ease as I get extremely anxious.

    On Saturday afternoon I got a statement from the electricity company. I pay by direct debit which has been set at £149 a month. I hadn't questioned this before but having read a few diaries, was starting to think it was a little on the high side. The electricity company had set the d/d based on usage last year, when I was on maternity leave, but now that I am back at work the amount used has fallen. Best part is that they now owe me so should be getting £48 back this week and my d/d has been changed to £105 a month. I feel like I've had a double bonus! I'm intending to use the £48 to make an overpayment on the home improvements loan. Am undecided at the moment whether to use the money saved on the monthly D/D to overpay debts and thus clear them more quickly or whether to save that amount in case there are any up front accommodation costs that need to be met for my oldest daughter.

    A week off work this week, so am hoping to get busy in the garden, clean the greenhouse and get the house tidied and most of all spend precious time with my children.
    Last edited by Honeysucklelou2; 13-02-2017 at 1:44 AM.
    paydbx #90 £475/£10,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • Honeysucklelou2
    • By Honeysucklelou2 17th Feb 17, 8:17 AM
    • 512 Posts
    • 1,745 Thanks
    Honeysucklelou2
    Had a busy week,so far but sadly no NSDs. The electricity company paid me back £48 on Monday, so I used £40 to make an overpayment to one of the home improvement loans. I have 2 of these both for double glazing. They are both around the £1700 mark but each monthly payment sees very little capital paid but a large amount of interest. Glad to have got a small chunk paid off the capital.

    My DD1 had an invitation to interview with only 48 hours notice, so had to re jig the budget somewhat. It was in London, so braved the tube. Haven't been on the tube since I was a child on a day trip. The experience terrified me so i felt very brave to get on yesterday! Have to say I was pleasantly surprised by how clean everything was and seats were available. The toddler was really excited by each and every train he saw!

    Managed to sow some lettuce seeds and cornflowers and got some anemome corms in. Not sure if they will grow as I've had them in the cupboard for 3 or 4 years but they are in a dried state, so have put them in and hoping fora splash of colour within those.

    Had some lovely times with the children. We've been to the beach for an afternoon. The wind was just right, wild enough to blow the cobwebs away but not so wild it was a struggle to walk, if you what I mean. We've also been to the swimming pool for a fun session which they all enjoyed.

    Back on work on Monday so
    I'll need to be strict with my budget, to get further forward after my spends this week.
    Last edited by Honeysucklelou2; 17-02-2017 at 8:18 AM. Reason: Spelling
    paydbx #90 £475/£10,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • Honeysucklelou2
    • By Honeysucklelou2 19th Feb 17, 12:32 AM
    • 512 Posts
    • 1,745 Thanks
    Honeysucklelou2
    Had a tough day today. The interview trip ate into my budget quite considerably but was one of those things that I needed to do for my DD1. When my budget gets very tight I end up feeling quite panicked about it which doesn't help.

    Did menu plan so at least I know what I'm feeding everyone over the next few days. Rang the bank today to check on the cc balance and to my horror it was £60 over my limit. ( I have set my limit at £500 to stop any overspending). I'd made a larger payment in Feb so I had been fairly sure I'd be making headway on that balance. I rang the bank to find out what had caused this. A annual subscription for computer security had come out. Unfortunately it is for a computer that I no longer have access to. The email account that would normally have had a message about it prior to subscription is on that said computer so I hadn't received anything to tell me. The computer is with my ex and is one that he uses for his business. The other computer that belongs to my DD has a different security provider. So frustrated that something I didn't think about (and indeed is an expense for that business computer) has tipped the card balance in the wrong direction, so an already tight week is about to become a little tighter.

    The good thing today is that I sold 2 more plants at the garden gate...every little helps. The lettuce seeds have germinated so have moved them onto a sunny window sill.
    paydbx #90 £475/£10,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • zippygeorgeandben
    • By zippygeorgeandben 19th Feb 17, 12:55 AM
    • 709 Posts
    • 883 Thanks
    zippygeorgeandben
    Hey Honeysuckle - I've read your whole thread. Thought I'd comment as you might have been wondering if anyone was reading!
    Could you speak with your eldest child about financial matters? i.e. prepare her for the fact you may not be able to provide everything she needs for Uni. I hope you are encouraging her to find a job whilst studying, especially during the first year where it generally is just pass/fail (i.e. no weighted scores).
    Regarding the annual subscription, can you speak to your ex or the company about this? I had a recurring subscription fee around £52 come out last week. I spoke to the company and said i don't use it at the moment and they refunded me the whole money, because I'd not asked for refunds in the year I'd been with them. If you don't ask you don't get!
    Well done selling plants, keep on going, I'm enjoying reading your diary.
    End Sep 2016 End Oct 2017
    £8236.57 £0
    (Tesco 4.8%) £0pcm
    £6185.75 £0(Zopa 4.0%) £0pcm

    £5344.50
    £2610.04 (Sainsburys 0% until 06/19) £140pcm
    £2000.00 £1066.69 (Sister 0%) £133.33pcm

    Total debt
    £19.766.82 £3676.73 Original DFD May 2019.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,369Posts Today

6,498Users online

Martin's Twitter