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  • FIRST POST
    • Honeysucklelou2
    • By Honeysucklelou2 31st Dec 16, 4:05 AM
    • 371Posts
    • 1,093Thanks
    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 12
    • Honeysucklelou2
    • By Honeysucklelou2 14th Sep 17, 10:48 PM
    • 371 Posts
    • 1,093 Thanks
    Honeysucklelou2
    No, still no news or progress. I had a letter come yesterday saying that I had until the 8th of October to pay back £5,000. First job tomorrow will be to ring that department and explain it all to them. I'm guessing that because no single claim has been registered in my name yet, due to the postal difficulties, this letter is assuming I'm not entitled at all and is demanding payment.

    I've been trying to think carefully about every purchase. This week I've bought odd bits of groceries but have been able to time it right to pick up reduced fruit, so the children have enjoyed the novelty of having grapes n lunch Boxes!
    paydbx #90 £325/£10,000.
    365 day penny challenge £37.66/£667.95
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017
    • Honeysucklelou2
    • By Honeysucklelou2 14th Sep 17, 10:55 PM
    • 371 Posts
    • 1,093 Thanks
    Honeysucklelou2
    Louby, I'm .8.
    paydbx #90 £325/£10,000.
    365 day penny challenge £37.66/£667.95
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017
    • Honeysucklelou2
    • By Honeysucklelou2 15th Sep 17, 11:00 PM
    • 371 Posts
    • 1,093 Thanks
    Honeysucklelou2
    Today I think a miracle happened. Last Friday when I spoke to the TC office, they had no record of a single claim in my name and the Royal Mail website showed that the letter hD yet to be delivered. Today I fully expected to have to ring the bank and beg for an overdraft extension (current one is £150). I checked my bank balance by phone to see how much I could eke out and amazingly there was money in my account! I spoke to an advisor who confirmed that it was a CTC payment. It was such a huge relief. I have yet to receive an award notice so I don't feel completely peaceful until I can see it and then I'll be able to plan a budget for the future. But
    I am thanking God that the long wait and postal complications are over. My biggest joy is that I can now take DD1 to university next week without the crippling financial worry.
    paydbx #90 £325/£10,000.
    365 day penny challenge £37.66/£667.95
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017
    • Hiddenidenity
    • By Hiddenidenity 15th Sep 17, 11:05 PM
    • 4,731 Posts
    • 20,532 Thanks
    Hiddenidenity
    If you sign in online you will see the next 8 weekly payments (3 if 4 weekly payments)

    I love being able to see everything online. I'm so glad its sorted for you x
    DFW £1313.71/£7348.71 Rent Arrears £466.28/£3381.28

    Rock bottom became the solid foundation on which I rebuilt my life.
    • louby40
    • By louby40 16th Sep 17, 9:25 AM
    • 1,078 Posts
    • 2,991 Thanks
    louby40
    Oh what a relief. I bet you couldn't believe it.
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 SEPT £11,493. 12% paid off
    Barclaycard £442
    Car loan £3278 Mortgage £96,197
    • Honeysucklelou2
    • By Honeysucklelou2 16th Sep 17, 12:01 PM
    • 371 Posts
    • 1,093 Thanks
    Honeysucklelou2
    Yes, that's the exact feeling relief and almost disbelief!
    paydbx #90 £325/£10,000.
    365 day penny challenge £37.66/£667.95
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017
    • Spendless
    • By Spendless 16th Sep 17, 8:26 PM
    • 19,505 Posts
    • 31,518 Thanks
    Spendless
    Oh, I really wasn't expected that result. Fantastic news. xxx
    • Cherryfudge
    • By Cherryfudge 16th Sep 17, 11:33 PM
    • 674 Posts
    • 2,065 Thanks
    Cherryfudge
    That's great news! So pleased for you and DD
    • Honeysucklelou2
    • By Honeysucklelou2 17th Sep 17, 8:50 AM
    • 371 Posts
    • 1,093 Thanks
    Honeysucklelou2
    Feeling very much that a weight has lifted off my mind. I was able to pay back my dad for the emergency loan of last month. It is interesting that in such nail biting financial times, lessons can be learned. I often buy the value brands of flour, frozen fruit and veg, or Te3scos own brand. Over the last few weeks I have tried Tesco's own brand of toiletries and found in some cases the products were better than the ones I had been buying so will keep to those. I have looked carefully for yellow stickers and have been able to eke out the fruit by buying yes fruit and putting in small pots to go into packed lunches. I'm doing packed lunches for all. The 2 at primary had been school dinners last year because one had the free school dinners and I paid so that the other could have the same but now they are both in KS2 I'm packing up lunches.

    We've had a lovely weekend so far. We went to see my parents yesterday. They live near some shops which is a plus point as far as my children are concerned! DD1 has been careful with her wages and saved some money for uni but did spend a little getting shoes and a couple of items of clothing in readiness for next week. She used a 20% off voucher so starting to get into moneysaving ways. I had to spend a little to get DD2 a pair of smart shoes. She has to do one day a week as front of house so that the students get to understand the whole team approach to catering, even though her aim is to be a chef. Trainers will not do, especially with the all black uniform she has to wear, so had to splash out for those.

    It is a lovely day here, so hoping it will be nice all day so that I get the washing dry.
    Last edited by Honeysucklelou2; 17-09-2017 at 8:58 AM. Reason: Adding a sentence.
    paydbx #90 £325/£10,000.
    365 day penny challenge £37.66/£667.95
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017
    • Spendless
    • By Spendless 17th Sep 17, 6:39 PM
    • 19,505 Posts
    • 31,518 Thanks
    Spendless
    I know I said it would be sorted out in time, but admittedly I did think weeks if not months into the future. So pleased this is not the case. However much you manage to eek out groceries etc there's always somewhere where you have no real alternative other than to find some cash eg for your DD's shoes.

    Looking for something positive from the last few weeks, just think how well you'll be able to get back to debt slashing, now you know how much you can economise.

    Glad your DD's is seeing the sense in not paying full price if there's a voucher or discount to be had. Both my kids grumble like mad about me constantly buying things on offer, then yesterday when DD was bemoaning that she wished she'd bought some items on hol last month where they were cheaper for friends xmas gifts, I came up with a whole stash of products I'd bought in the sales after christmas. She's now complained I didn't buy enough - lol.
    • Honeysucklelou2
    • By Honeysucklelou2 17th Sep 17, 11:49 PM
    • 371 Posts
    • 1,093 Thanks
    Honeysucklelou2
    You're right Spendless. I've been mulling over all day how to allocate various bits of money. I did come to the conclusion that I need to increase the emergency fund money as this has taken quite a hit over the TC problem time and really needs building up to at least £1,000.
    paydbx #90 £325/£10,000.
    365 day penny challenge £37.66/£667.95
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017
    • louby40
    • By louby40 18th Sep 17, 9:02 PM
    • 1,078 Posts
    • 2,991 Thanks
    louby40
    How many children do you have left at home when DD goes to Uni?
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 SEPT £11,493. 12% paid off
    Barclaycard £442
    Car loan £3278 Mortgage £96,197
    • Honeysucklelou2
    • By Honeysucklelou2 18th Sep 17, 11:24 PM
    • 371 Posts
    • 1,093 Thanks
    Honeysucklelou2
    Just the 7 then!
    paydbx #90 £325/£10,000.
    365 day penny challenge £37.66/£667.95
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017
    • louby40
    • By louby40 19th Sep 17, 7:49 AM
    • 1,078 Posts
    • 2,991 Thanks
    louby40
    Oh my goodness. And you work close to full time! How on earth do you manage it?

    Loads of respect coming to you. You totally deserve every penny you get in benefits.
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 SEPT £11,493. 12% paid off
    Barclaycard £442
    Car loan £3278 Mortgage £96,197
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