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  • FIRST POST
    • boxofpaws
    • By boxofpaws 15th Jan 17, 1:26 PM
    • 443Posts
    • 1,861Thanks
    boxofpaws
    Boxofpaws is keeping it simple
    • #1
    • 15th Jan 17, 1:26 PM
    Boxofpaws is keeping it simple 15th Jan 17 at 1:26 PM
    Hello lovely MSE-ers!,


    I have been a user of this site for many years but created a new username on 3rd Jan because I had doubled the debt and I was so embarrassed!


    So here I am, £40k+ in debt. The reasons (excuses) are many and varied, so I won't dwell on the past. However, our current situation is good, good income, happy marriage, nice home and we can really make good in-roads to this accumulated debt.


    In the past, we have failed at debt busting, and I think it was down to the plan being too punishing and too complicated. This time, I will set us achievable targets and make it easy to hit them.


    Thanks to anyone who has read so far, I will report back later with my plan.


    Boxofpaws x
Page 20
    • Cumbria lass
    • By Cumbria lass 9th Dec 17, 3:27 PM
    • 1,365 Posts
    • 7,814 Thanks
    Cumbria lass
    Naughty Paws , lovely to hear from you . Sounds like you have had a great 3 months .

    Hope all well in Paws household .
    Jan 2018 CC1 £3099 CC2 £220

    Debt Free Nov 2019: earlier if I have my way
    • Suffolk lass
    • By Suffolk lass 10th Dec 17, 8:14 AM
    • 1,743 Posts
    • 19,267 Thanks
    Suffolk lass
    Yes I echo Cumbria Lass's sentiments - Naughty Paws, lovely to hear from you £1500 is excellent. Hope all is well with you and yours
    MFiT T4 #2 update 51.75% after Q8 £5,203 behind where I should be
    Save £12k in 2018 #53 - after Jan £634.93/£10,000
    OS Grocery Challenge 2018 spent £238.47/£3,500 including stores so far
    My DFD is here
    • helsbell
    • By helsbell 10th Dec 17, 9:08 AM
    • 148 Posts
    • 803 Thanks
    helsbell
    Ah, but you've had a great time and paid off less, rather than adding more debt.

    Good to hear from you
    SPC 11, No. 062

    August 2017 B'card £5006.83 BoS £1086.59 DFD November 2020
    • EssexHebridean
    • By EssexHebridean 12th Dec 17, 1:18 PM
    • 8,479 Posts
    • 45,253 Thanks
    EssexHebridean
    well at least damage limitation was in place and you didn't add to it!

    Glad you had a good few months, time to get back to it now I guess?
    MORTGAGE FREE 30/09/2016
    Sainsbugs 0% card: 22/12/16 £1229.00/£842.87 (12/02/18)
    SOA Calculator for DFW newbies: Stoozing.com SOA Calculator
    • boxofpaws
    • By boxofpaws 15th Dec 17, 2:11 PM
    • 443 Posts
    • 1,861 Thanks
    boxofpaws
    Naughty Paws , lovely to hear from you . Sounds like you have had a great 3 months .

    Hope all well in Paws household .
    Originally posted by Cumbria lass

    Thanks you for the lovely welcome back

    Yes I echo Cumbria Lass's sentiments - Naughty Paws, lovely to hear from you £1500 is excellent. Hope all is well with you and yours
    Originally posted by Suffolk lass

    That is a better way of looking at it, all positive and that
    Debt 03/01/17 = £42000
    Debt today = £27,819.22
    • boxofpaws
    • By boxofpaws 15th Dec 17, 2:13 PM
    • 443 Posts
    • 1,861 Thanks
    boxofpaws
    !
    Ah, but you've had a great time and paid off less, rather than adding more debt.

    Good to hear from you
    Originally posted by helsbell

    We have had a great time, after sunch a miserable start to the year, I have loved the last few months. So much fun! Whenever my motivation starts to wain, I need to remind myself that this is what I want, to travel and to be able to enjoy it, so I need to get solvent!

    well at least damage limitation was in place and you didn't add to it!

    Glad you had a good few months, time to get back to it now I guess?
    Originally posted by EssexHebridean

    Back to it, yessir!
    Debt 03/01/17 = £42000
    Debt today = £27,819.22
    • boxofpaws
    • By boxofpaws 15th Dec 17, 2:28 PM
    • 443 Posts
    • 1,861 Thanks
    boxofpaws
    Musings from me today


    In 2017, we will have paid off £11500.
    We were gifted £4000, however we spent most of that on holidays, which we wouldt have done wihtout the gifts (I dont think we would anyway)
    £1500 Croatia
    £2500 Turkey
    £2000 Iceland


    Next year we will have just one trip in June, and budget £3000
    Next year we wont have the gifts
    Next year, Mr Paws is on a lower wage (approx £200 per month less)


    Paid off £11500
    Gifted £4000
    Holiday spend more than a normal year - £3000
    Paid less next year - £2400


    So if you compare like for like this year vs next year, it looks like we would pay off next year - £8100? Surely not - we can do better than that - no?


    In monthly payments we pay £1323 - which means we should pay double that so this year, we have allowed spends elsewhere (yes bits and bobs on credit card)


    So next year, NO SPENDING ON CREDIT CARDS, no matter how controlled we think we are.


    That is all.
    Debt 03/01/17 = £42000
    Debt today = £27,819.22
    • sashybo
    • By sashybo 15th Dec 17, 2:51 PM
    • 2,605 Posts
    • 19,768 Thanks
    sashybo
    Welcome back Paws.

    You’ve done really well to pay off so much & at least your gift money went towards experiences rather than more “stuff”. All we seem to have done is add to our debt!

    Good luck on the no credit card spending, I’m sure you’ll manage it.
    Success is not final, failure is not fatal: it is the courage to continue that counts.

    PAD started 27/01/09 - £9717 extra paid off debt. Total Debt paid off £48,737.28
    Loan £3294.75, CC 0% BT £820, Car loans £23,789

    Have a Debt Free Diary to try & keep spending in check.
    • motivated
    • By motivated 15th Dec 17, 5:22 PM
    • 2,560 Posts
    • 4,194 Thanks
    motivated

    So next year, NO SPENDING ON CREDIT CARDS, no matter how controlled we think we are.
    That is all.
    Originally posted by boxofpaws
    Hi BOP

    We have just completed a whole year without using a CC ( not that we have any to use now anyway). I never thought it possible as we got into the habit of !!!8216;oh well which card shall we use!!!8217;. It!!!8217;s amazing that we are still here, still surviving and managing our finances. It just goes to show that it can be done.

    Good luck on your fresh new year plans and you have paid off a massive amount this year Well done you
    I have arrived in DMP land and I like it, I may stay a while
    LBM £82,590 Jan 17/£78,634.91 Feb 18
    Short term goal £1148.73/£1796 / PDBX 18 # 31 - £1423.52/£5,000
    52 week challenge VSP # 8 - £100
    SPC # 91
    / Save a penny a day 2018 # 02 - £25.00
    • Cumbria lass
    • By Cumbria lass 16th Dec 17, 9:49 PM
    • 1,365 Posts
    • 7,814 Thanks
    Cumbria lass
    Yay Paws , you have done really well this year. I haven't used a cc for 12 months apart from my blip on a website the other day.

    This time next year we will be nearly debt free.
    Jan 2018 CC1 £3099 CC2 £220

    Debt Free Nov 2019: earlier if I have my way
    • EssexHebridean
    • By EssexHebridean 19th Dec 17, 1:02 PM
    • 8,479 Posts
    • 45,253 Thanks
    EssexHebridean
    Ooh statements in bright red Paws - very good - you're stuck with that challenge now!

    That seems like a good starting point to aim for on paying off debt - and as you say, I just bet you can do better as well!
    MORTGAGE FREE 30/09/2016
    Sainsbugs 0% card: 22/12/16 £1229.00/£842.87 (12/02/18)
    SOA Calculator for DFW newbies: Stoozing.com SOA Calculator
    • Drawingaline
    • By Drawingaline 19th Dec 17, 8:46 PM
    • 338 Posts
    • 1,200 Thanks
    Drawingaline
    Hi paws. I posted on your diary right back at the beginning before disappearing for seven months but back now and catching up with everyone. Also finally figured out how to subscribe and then find the threads I have subscribed to

    Have loved reading through your journey, redundancy is horrible, my husband lost his job in April '16 and was out of work for 13months, but now has a fantastic job at a brilliant company so it all worked out, although it was a stressful year.

    Sounds like you have had a fun time these last few months, but you only turn 40 once, we went to Vegas and did the whole Elvis renewal of vows, biggest holiday we have ever had!

    Look forward to reading your brilliant lists again.
    • boxofpaws
    • By boxofpaws 23rd Dec 17, 4:33 PM
    • 443 Posts
    • 1,861 Thanks
    boxofpaws
    Welcome back Paws.

    You’ve done really well to pay off so much & at least your gift money went towards experiences rather than more “stuff”. All we seem to have done is add to our debt!

    Good luck on the no credit card spending, I’m sure you’ll manage it.
    Originally posted by sashybo
    Thanks Sashybo, thanks for putting that way. I worry now that we literally fall into that cliche of being in debt because we have a flash car and fancy holidays. (Mr Paws has an Audi A5)

    Hi BOP

    We have just completed a whole year without using a CC ( not that we have any to use now anyway). I never thought it possible as we got into the habit of ‘oh well which card shall we use’. It’s amazing that we are still here, still surviving and managing our finances. It just goes to show that it can be done.

    Good luck on your fresh new year plans and you have paid off a massive amount this year Well done you
    Originally posted by motivated
    I spoke too soon, we couldn't get through Christmas without the CC sadly. We will have to just grin and bear it.

    From 1st Jan, no more credit card

    Yay Paws , you have done really well this year. I haven't used a cc for 12 months apart from my blip on a website the other day.

    This time next year we will be nearly debt free.
    Originally posted by Cumbria lass
    Sadly, I won't be. It's going to take me at least another 2 years. YOU, on the other hand, are doing fantastically
    Debt 03/01/17 = £42000
    Debt today = £27,819.22
    • boxofpaws
    • By boxofpaws 23rd Dec 17, 4:38 PM
    • 443 Posts
    • 1,861 Thanks
    boxofpaws
    Ooh statements in bright red Paws - very good - you're stuck with that challenge now!

    That seems like a good starting point to aim for on paying off debt - and as you say, I just bet you can do better as well!
    Originally posted by EssexHebridean
    NO CREDIT CARDS FROM 01/01/2018



    Hi paws. I posted on your diary right back at the beginning before disappearing for seven months but back now and catching up with everyone. Also finally figured out how to subscribe and then find the threads I have subscribed to

    Have loved reading through your journey, redundancy is horrible, my husband lost his job in April '16 and was out of work for 13months, but now has a fantastic job at a brilliant company so it all worked out, although it was a stressful year.

    Sounds like you have had a fun time these last few months, but you only turn 40 once, we went to Vegas and did the whole Elvis renewal of vows, biggest holiday we have ever had!

    Look forward to reading your brilliant lists again.
    Originally posted by Drawingaline
    So lovely to have you back Drawing- will pop over to your new thread later. You have also reminded me to do the lists again, another vow for the new year
    Debt 03/01/17 = £42000
    Debt today = £27,819.22
    • Cumbria lass
    • By Cumbria lass 23rd Dec 17, 4:47 PM
    • 1,365 Posts
    • 7,814 Thanks
    Cumbria lass
    Merry Christmas Paws have a good one x
    Jan 2018 CC1 £3099 CC2 £220

    Debt Free Nov 2019: earlier if I have my way
    • boxofpaws
    • By boxofpaws 10th Feb 18, 12:53 PM
    • 443 Posts
    • 1,861 Thanks
    boxofpaws
    Happy February everyone

    I hope eveyone is well. So much for posting more often...Lets get straight back to it. I will try to summarise the last year


    Good things
    • Husband was not made redundant
    • Husband now works Monday to Friday
    • Apart from when he works weekends. Which is overtime. Which he does alot
    • I havent been made redundant, in fact I have a slightly different new job which should be better.
    • We have been on 3 holidays last year, showing that life doesnt need to stop just because you're paying back money
    • House, cars and, most importantly, family are all well.
    • We have paid back £15k ish since we started a little over a year ago, so the debt busting has actually gone quite well
    Bad things
    • We probably could have tried harder/done better.
    • We will still have £25k debt when we come to remortgage in the summer
    • Im a bit fatter (and lazier) than this time last year


    Current debt
    Barclaycard £ 2,209.30
    Lloyds £ 4,802.05
    MBNA £ 3,925.00
    Tesco £ 6,722.63
    Tesco £ 5,625.08
    Car loan £ 4,535.16
    Total £ 27,819.22
    Debt 03/01/17 = £42000
    Debt today = £27,819.22
    • EssexHebridean
    • By EssexHebridean 10th Feb 18, 3:32 PM
    • 8,479 Posts
    • 45,253 Thanks
    EssexHebridean

    Good things
    • Husband was not made redundant
    • Husband now works Monday to Friday
    • Apart from when he works weekends. Which is overtime. Which he does alot
    • I havent been made redundant, in fact I have a slightly different new job which should be better.
    • We have been on 3 holidays last year, showing that life doesnt need to stop just because you're paying back money
    • House, cars and, most importantly, family are all well.
    • We have paid back £15k ish since we started a little over a year ago, so the debt busting has actually gone quite well
    Bad things
    • We probably could have tried harder/done better. When you stop thinking that way complacency has set in. Complacency is bad. That makes this a good thing,
      not a bad thing...
    • We will still have £25k debt when we come to remortgage in the summer Which is less than the 40k you would have had had you not embarked on this mission, yes?
    • Im a bit fatter (and lazier) than this time last year Eat less, move more.
      The first is good for the debt busting, the second is good for you.
    Originally posted by boxofpaws
    You're doing fine - this time of year is a good one for reviewing the small stuff I've always found - with the cold weather making indoor (and thus cheaper) pursuits more tempting than outdoor ones in particular it pays to cash in on that.
    MORTGAGE FREE 30/09/2016
    Sainsbugs 0% card: 22/12/16 £1229.00/£842.87 (12/02/18)
    SOA Calculator for DFW newbies: Stoozing.com SOA Calculator
    • Drawingaline
    • By Drawingaline 10th Feb 18, 4:39 PM
    • 338 Posts
    • 1,200 Thanks
    Drawingaline
    Yey missed you!

    Time for reflection is always good, EH is right, if you hadn't started this journey you would be in a much worse financial pickle.

    Keep posting, I miss you lists
    • sashybo
    • By sashybo 10th Feb 18, 9:36 PM
    • 2,605 Posts
    • 19,768 Thanks
    sashybo
    Hi paws

    Nice to see you posting again. Your good things list is much longer than the bad things one, which is another good thing.
    Success is not final, failure is not fatal: it is the courage to continue that counts.

    PAD started 27/01/09 - £9717 extra paid off debt. Total Debt paid off £48,737.28
    Loan £3294.75, CC 0% BT £820, Car loans £23,789

    Have a Debt Free Diary to try & keep spending in check.
    • Purplemumof2
    • By Purplemumof2 11th Feb 18, 7:40 AM
    • 5,804 Posts
    • 21,546 Thanks
    Purplemumof2
    Morning Paws,

    You've done really great this past year.

    Yay to hubby not being made redundant.

    Pmo2
    Xx
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £6750.00 Cap 1: £456.79 BC: £8800.00
    AFD 3/14 NSD 3/14 LTW 6/14
    POAMAYC 2018 #041 PD £1194.42/£4000
    Savings for Christmas £60.84/£365
    20p Savers 2018 £2 Savers 2018 50p Savers 2018 SPC 11 2018 #003
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