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  • FIRST POST
    • Honeysucklelou2
    • By Honeysucklelou2 31st Dec 16, 4:05 AM
    • 439Posts
    • 1,419Thanks
    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 14
    • missymoo81
    • By missymoo81 8th Oct 17, 9:28 AM
    • 5,823 Posts
    • 19,628 Thanks
    missymoo81
    Wow thank you for taking the time to post that, I really appreciate it. Going to have to stretch my budget to include eggs this week I think
    • louby40
    • By louby40 10th Oct 17, 9:15 PM
    • 1,102 Posts
    • 3,063 Thanks
    louby40
    How’s your DD getting on at uni?Has she settled and got into uni life?

    Rubbish about your TC and having to pay it back. It’s so confusing isn’t it
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £730/£1000. Christmas savings £400/£600 Car maintenance £0/600
    Kitchen July £12,493 OCT £10,493. 18% paid off
    Barclaycard £300
    Car loan £2890 Mortgage £95,415
    TOTAL DEBT = £109,098
    • Honeysucklelou2
    • By Honeysucklelou2 10th Oct 17, 10:54 PM
    • 439 Posts
    • 1,419 Thanks
    Honeysucklelou2
    She is settling in well thank you Louby. I try not to ask her what she's eaten too many times, as I do worry that she hasn't really cooked at home but she is looking well when we see her on Skype. Her lectures have only just started...seems to have been a long introduction period. Hoping to see her for a brief visit at half term. Long enough to see her but not get in the way of her new life, if you see what I mean!
    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
    • Cherryfudge
    • By Cherryfudge 10th Oct 17, 11:38 PM
    • 746 Posts
    • 2,551 Thanks
    Cherryfudge
    Just catching up and sorry to hear about the necessary repayments. Hopefully CAB will come up with something useful.

    It's good to see people making good use of apples. When we were away there were apple trees nearby - absolutely laden - I tried a windfall off it which was incredibly sharp so perhaps that's why they weren't being used.
    • Treadingonplaymobil
    • By Treadingonplaymobil 11th Oct 17, 5:28 AM
    • 1,014 Posts
    • 9,402 Thanks
    Treadingonplaymobil
    It sounds like you're doing so well - paying off loans, baking with foraged apples, supporting your DD settling into uni. So impressive!
    £67,031.92 is a frightening number indeed... The debt free diary of one family and their enormous debt
    LBM debt on 12th Feb 2017/DFD: £58,608.13/1st Dec 2026
    debt on 2nd Aug 17/DFD: £55,011.96/1st May 2025
    • missymoo81
    • By missymoo81 11th Oct 17, 6:13 AM
    • 5,823 Posts
    • 19,628 Thanks
    missymoo81
    Glad your daughter is getting on ok honey, I'd be the same about eating and food, I'd have to stop myself sending care parcels of food etc!
    • Honeysucklelou2
    • By Honeysucklelou2 11th Oct 17, 6:44 AM
    • 439 Posts
    • 1,419 Thanks
    Honeysucklelou2
    That's exactly how I feel Missymoo! I made a carrot cake yesterday and was wondering how I could get one to her! She'll have to wait until I go up! Bashed carrot cake in a parcel would not be good!! My grandmother used to do a box for me at the beginning of each term when I was a student, so might have to continue that idea.
    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 11th Oct 17, 7:39 AM
    • 1,102 Posts
    • 3,063 Thanks
    louby40
    I think a box of staples is a good idea! Plus some nice treats too.

    Neither of my kids will be going to uni ( one has an apprenticeship and the other is planning on going into the RAF) can’t decide whether I’m grateful or sad about it.
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £730/£1000. Christmas savings £400/£600 Car maintenance £0/600
    Kitchen July £12,493 OCT £10,493. 18% paid off
    Barclaycard £300
    Car loan £2890 Mortgage £95,415
    TOTAL DEBT = £109,098
    • Honeysucklelou2
    • By Honeysucklelou2 11th Oct 17, 9:10 PM
    • 439 Posts
    • 1,419 Thanks
    Honeysucklelou2
    At least they won't have student loans to worry about...both routes are good avenues to train for a variety of roles.
    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 13th Oct 17, 11:09 PM
    • 439 Posts
    • 1,419 Thanks
    Honeysucklelou2
    Today has been an odd day. My secondary age children have been off school so I thought I ought to make use of the time to do something with them. We went to a local farm shop and had a drink and lunch. Well DD3 and I had a panini and the others had a basket of chips. It was very much a treat. We headed to the beach after that and enjoyed helping the toddler to build sand castles before rushing off to get the primary age children.

    On my return I rang HMRC again. Last week the man I spoke to said I needed to ring back within 7 days with a list of income and expenditure for the last 3 months. It took me a couple of hours to get the figures together. Thankfully I have been using a spending tracker app since February so most of the details were to hand. When I rang it was somebody different that
    I spoke to and she only wanted an list of average income and expenditure. I listed everything that was a regular payment from my list but I'm not convinced that they took the one off type payments such as MOT costs or buildings insurance that I only pay once a year. The lady explained that repayments are usually 25% of any left over income after essential living expenses. I've requested a payment date as the day after payday so at least
    I know it will go out quickly. Ironically the monthly payment they have set is about the difference in amount between the single and joint payments so in real terms I'll be no worse off. If I keep to the budget I've had all year until Aug when they cut the TCs, I'll hopefully still be able to reduce debts elsewhere too.

    Since the children were off today I hadn't got a CAB appointment arranged but am hoping I can get one either for my next day off or for a day during half term.

    DD2 had an assessment today so in order to prepare and practice
    I was presented with ratatouille when I got home last night. It was very tasty at last the benefits of having a catering student in the house
    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 Oct 17, 8:29 AM
    • 439 Posts
    • 1,419 Thanks
    Honeysucklelou2
    Hoping that today will be a NSD. In preparation for this I got the main food shop done last night. We timed it right so that I was able to get several packs of sandwich bread for 6p a pack and a couple of loaves for 10p. Menu plan for the week will be

    Fish portions and oven chips
    Roast chicken
    Chicken stir fry
    Macaroni cheese, salad and garlic bread
    Wednesday - children eat with ex
    Jacket potatoes and toppings

    Pancakes ��

    I am finding it much easier food wise to make the menu plan and stick to it, which I feel more able to do now that the TC payments have stabilised and I know how much is coming in.

    Next week looks to be a very busy one at work so meals need to be quick and easy.
    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 Oct 17, 8:33 AM
    • 439 Posts
    • 1,419 Thanks
    Honeysucklelou2
    One more birthday to go (on Friday) then hoping to start getting organised for Christmas. We went into a B&M last night which I have never been to before. It was quite overwhelming looking at the sheer amount of stock and choice. Didn't go up and down every aisle but noticed that there was a good choice of Christmas chocolate treats so might have to check those again.
    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 Oct 17, 12:30 AM
    • 439 Posts
    • 1,419 Thanks
    Honeysucklelou2
    Sadly not a NSD. I went to visit my parents who live in a bigger place than us with lots more shops. DS1 did need some more school trousers so I took advantage of being near an Asda to pop in and see if they did anything that resembled school trousers. Thankfully they did, so between purchasing the trousers and more socks for the toddler I ended up spending more than I thought. We also picked up a hat/scarf/glove set as our contribution to the Christmas shoe box Appeal.
    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 16th Oct 17, 12:37 AM
    • 439 Posts
    • 1,419 Thanks
    Honeysucklelou2
    Today has been a NSD bringing this month's total to 5. I've spent the day either cooking, doing laundry or getting things ready for work tomorrow.

    I did register for Opinion outpost this evening. I'm not quite sure I fit into the world of surveys. I completed a long introductory questionnaire which then let me through to try a survey. I got to start 2 surveys but they stopped part way through and said I couldn't complete it. I signed up with Prolific Academic a couple months ago but I never seem to be eligible for their surveys. Perhaps it's because I don't watch mains/satellite TV so am limited as to how much I would know about programmes etc.
    Last edited by Honeysucklelou2; 16-10-2017 at 6:18 AM.
    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
    • mumtoomany
    • By mumtoomany 16th Oct 17, 9:09 AM
    • 135 Posts
    • 1,156 Thanks
    mumtoomany
    I've just got into prolific, I have found they don't often send e-mails but if you check the website I often find surveys/studies. There is some sort of notification thing, don't know exactly how that works! Check with Hiddenidenity, she has mentioned it a couple of times. She seems to do well from prolific. M2m.
    • louby40
    • By louby40 16th Oct 17, 7:55 PM
    • 1,102 Posts
    • 3,063 Thanks
    louby40
    Prolific is a site you need to check all the time. Lots of surveys seem to go on in a morning and I’m too busy to do them then.

    YouGov is ok, you £50 once you get 5000 points but it can take a few months to get there.
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £730/£1000. Christmas savings £400/£600 Car maintenance £0/600
    Kitchen July £12,493 OCT £10,493. 18% paid off
    Barclaycard £300
    Car loan £2890 Mortgage £95,415
    TOTAL DEBT = £109,098
    • MeandO
    • By MeandO 17th Oct 17, 9:44 AM
    • 1,100 Posts
    • 5,396 Thanks
    MeandO
    I use mysurvey and ipsos HSL. The first, I get surveys for every day and they add up very quickly. They can be cashed in for a variety of vouchers or paypal money.
    Now debt free
    Savings: £
    828.76/£2000
    Mortgage at 24/11/2016: £97,000 Now: £78,984.42

    "Life shrinks or expands in proportion to one's courage" - Anais Nin
    • Honeysucklelou2
    • By Honeysucklelou2 17th Oct 17, 7:57 PM
    • 439 Posts
    • 1,419 Thanks
    Honeysucklelou2
    Thank you for the tips on surveys. I will have to check them out more at half term when I have a bit more time and hopefully get on a little better with them.

    I really don't understand the TC office. I checked my bank balance today and was very surprised to find that it was higher than I thought. Turns out that the TC office has made a one off payment into my account. I can't work out how and why, although I did ring the bank at some unearthly hour this morning to double check where the BGC had come from and the advisor confirmed that it was the TCs. I remembered what HI had posted about looking online for payments, so set up the online gateway and checked them out. There is a one-off payment listed but quite why????? I'm tempted to put it into a savings account and use to pay a chunk off the money I have to pay back.
    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 17th Oct 17, 8:51 PM
    • 439 Posts
    • 1,419 Thanks
    Honeysucklelou2
    I was hoping today would have been a NSD. I did manage to drive home without going near the supermarkets but had to put in more diesel after making a couple of unexpected journeys.
    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
    • MeandO
    • By MeandO 17th Oct 17, 10:09 PM
    • 1,100 Posts
    • 5,396 Thanks
    MeandO
    Tc really are a law unto themselves aren’t they. I dread dealing with them. I would pop it into a savings account and stash it away until you know what it is for. That way you don’t have to ‘find’ it if they suddenly ask for it back!
    Now debt free
    Savings: £
    828.76/£2000
    Mortgage at 24/11/2016: £97,000 Now: £78,984.42

    "Life shrinks or expands in proportion to one's courage" - Anais Nin
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