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  • FIRST POST
    • GeorgianaCavendish
    • By GeorgianaCavendish 27th Jan 17, 5:30 PM
    • 531Posts
    • 3,100Thanks
    GeorgianaCavendish
    Small Steps Out Of Massive Debt!
    • #1
    • 27th Jan 17, 5:30 PM
    Small Steps Out Of Massive Debt! 27th Jan 17 at 5:30 PM
    Hi Everyone,

    I'm so glad that I've found this website because I really need to get serious and DO SOMETHING about my debts. I thought that keeping a diary on this forum would keep me accountable.

    I have taken stock and I have over £35,000 of personal debt on loans and credit cards, which does not include my Student Loan (around £18,000 but I need to check the last statement). I have no savings at all and am living pay day to pay day. I have a pension, which is probably the only semi-financially responsible thing I've done in my whole life.

    I have always had a problem with spending money. I never knew when it was time to stop spending. The idea of a budget was a foreign concept. I'd spend until everything had gone, whether that was my wages, student loan payments or birthday money. I go through phases of pretending to be responsible and looking at debt consolidation, but what usually happens is that I don't close the old accounts so a few months down the line I end up spending money on the cleared card.

    I know that I need to sort out my spending and to take a brutal look at the state of my finances and what I spend money on. I need to stop seeing credit limits as targets to reach (!!!!) and start seeing them for what they are - invitations to get into debt!

    This is what I have outstanding:

    £13000 on personal loan
    £10500 Barclaycard
    £8000 MBNA
    £2500 HSBC
    £870 on catalog
    £800 left on furniture (this one is interest free, there are 9 repayments left)

    I've been reading the advice for newbies threads so this weekend I am going to go through my last bank & cc statements with a fine tooth comb to work out what I am spending money on, and I'm going to find out the interest rates on all my credit accounts.

    Thanks for reading and wish me luck!


    PS. My forum name is from a Duchess in the 1700s. She was so bad with money that after she died her husband found out she was around 4 million pounds in debt. Sadly I could imagine this happening to me if I had access to that much credit
    Last edited by GeorgianaCavendish; 07-03-2017 at 3:31 PM.
Page 20
    • GeorgianaCavendish
    • By GeorgianaCavendish 8th Jun 17, 5:54 PM
    • 531 Posts
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    GeorgianaCavendish
    Working from home today as I had a few appointments to fit in. I've also collected Wilkos, Boots and H&B orders (sunblock and essential toiletries from Wilkos and supplements from Boots). I've stopped buying things in store unless I'm really desperate, instead I check out the special offers, order online after going through TopCashBack and then order to collect in store. I saved a lot on the sunblock and shower gel etc and got a 3 for 2 on the Boots supplements & buy 1 get 1 for a penny from H&B.

    I have a chronic health condition which entitles me to a medical exemption card from prescription costs - my silver lining! But my specialist also recommended I take certain supplements which aren't covered by my magic free prescription card, and they get expensive so I always look for special offers and stock up when I can. So I've spent £40 on them this week but that is better than £65 when they are full price.

    Also went to vote. I've never been so despondent about an election before but I am always lecturing people about how important it is to vote, so I had to force myself to the polling station
    Georgiana, Duchess of Debt-shire's October 2017 Debt Totals: HSBC Loan £10,225.95 / MBNA £3301.93 / Barclaycard £9961.04/ Lloyds £3489.16 / Tesco 1 £897.50/ Tesco 2 £2327.82

    And don't forget the Student Loan! £10,765.93 (April 2017)
    • GeorgianaCavendish
    • By GeorgianaCavendish 8th Jun 17, 6:06 PM
    • 531 Posts
    • 3,100 Thanks
    GeorgianaCavendish
    Georgiana, Duchess of Devonshire
    I thought I'd share a little bit about my namesake. This book by Amanda Foreman is how I first found out about Georgiana (I haven't seen the film though) and this blog post has a good summary of her life. I especially like this paragraph:
    "Despite that she was married to one of the wealthiest men in the kingdom, she was constantly borrowing money from her friends, from the Prince of Wales, and would flatter the wealthy banker Thomas Coutts with her friendship in exchange for his settling some of her debts."
    I wish the people at MBNA or Barclayrcard were so susceptible to flattery!
    Georgiana, Duchess of Debt-shire's October 2017 Debt Totals: HSBC Loan £10,225.95 / MBNA £3301.93 / Barclaycard £9961.04/ Lloyds £3489.16 / Tesco 1 £897.50/ Tesco 2 £2327.82

    And don't forget the Student Loan! £10,765.93 (April 2017)
    • Treadingonplaymobil
    • By Treadingonplaymobil 8th Jun 17, 8:19 PM
    • 1,100 Posts
    • 10,573 Thanks
    Treadingonplaymobil
    Working from home today as I had a few appointments to fit in. I've also collected Wilkos, Boots and H&B orders (sunblock and essential toiletries from Wilkos and supplements from Boots). I've stopped buying things in store unless I'm really desperate, instead I check out the special offers, order online after going through TopCashBack and then order to collect in store. I saved a lot on the sunblock and shower gel etc and got a 3 for 2 on the Boots supplements & buy 1 get 1 for a penny from H&B.

    I have a chronic health condition which entitles me to a medical exemption card from prescription costs - my silver lining! But my specialist also recommended I take certain supplements which aren't covered by my magic free prescription card, and they get expensive so I always look for special offers and stock up when I can. So I've spent £40 on them this week but that is better than £65 when they are full price.

    Also went to vote. I've never been so despondent about an election before but I am always lecturing people about how important it is to vote, so I had to force myself to the polling station
    Originally posted by GeorgianaCavendish
    I didn't know you could order online from Wilkos! That's good to know. Maybe I'll order a washing up bowl .

    Well done for making it to the polling station. I took my 3DC along for the experience, they are huge fans of voting, because we buy cake afterwards. It's created some kind of pavlovian response.
    £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
    • mummytogirls
    • By mummytogirls 8th Jun 17, 8:19 PM
    • 5,624 Posts
    • 18,503 Thanks
    mummytogirls
    Evening GC,

    Well done on getting out to vote!!!

    I also have a prescription card due to my thyroid. Luckily (if you can call it lucky) thats the only medication I need to get at the moment.

    That would be amazing if they were down for a bit of flattery, I reckon I could work my charm if so xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
    • marciek
    • By marciek 8th Jun 17, 9:33 PM
    • 7 Posts
    • 4 Thanks
    marciek
    hi everyone
    • marciek
    • By marciek 8th Jun 17, 9:38 PM
    • 7 Posts
    • 4 Thanks
    marciek
    New to posting so bear with me but want to keep a record of what i have achieved so far in battle with debt - i have history of depression and anxiety and hubby had a back injury which resulted in change of job where we lost shift allowance. Anyway this is what i have managed to sort so far:
    Barclaycard - debt Jan 2017 - £10500 ...spoke to them and now on a payment plan of £250.00 per month but interest is 3% so interest monthly has gone from over £170.00 down to 25.00 - i have already paid off £1500.00.
    SKY - reduced monthly bill from 95 down to 53
    CAR PARK PASS - got a new job where parking is free - saving 38 per mth
    cancelled GMB union member ship 13.00 per month
    cancelled english heritage membership - 7.71
    cancelled curry helpline 6.00 per month
    Just by changing a few things i am now putting a big dent in my credit card bill as this was cuasing my enxiety to go through the roof and saving £106 per month.
    So just wanted to share this and really its a good way for me to see how far i have come.
    • GeorgianaCavendish
    • By GeorgianaCavendish 9th Jun 17, 10:06 AM
    • 531 Posts
    • 3,100 Thanks
    GeorgianaCavendish
    I didn't know you could order online from Wilkos! That's good to know. Maybe I'll order a washing up bowl .

    Well done for making it to the polling station. I took my 3DC along for the experience, they are huge fans of voting, because we buy cake afterwards. It's created some kind of pavlovian response.
    Originally posted by Treadingonplaymobil
    Yes its great! Their online ordering/ in store pick up is much slower than other shops though.
    Georgiana, Duchess of Debt-shire's October 2017 Debt Totals: HSBC Loan £10,225.95 / MBNA £3301.93 / Barclaycard £9961.04/ Lloyds £3489.16 / Tesco 1 £897.50/ Tesco 2 £2327.82

    And don't forget the Student Loan! £10,765.93 (April 2017)
    • GeorgianaCavendish
    • By GeorgianaCavendish 9th Jun 17, 10:07 AM
    • 531 Posts
    • 3,100 Thanks
    GeorgianaCavendish
    Evening GC,

    Well done on getting out to vote!!!

    I also have a prescription card due to my thyroid. Luckily (if you can call it lucky) thats the only medication I need to get at the moment.

    That would be amazing if they were down for a bit of flattery, I reckon I could work my charm if so xx
    Originally posted by mummytogirls
    Haha, me too! Ah well, I guess I have to handle my debts the hard way
    Georgiana, Duchess of Debt-shire's October 2017 Debt Totals: HSBC Loan £10,225.95 / MBNA £3301.93 / Barclaycard £9961.04/ Lloyds £3489.16 / Tesco 1 £897.50/ Tesco 2 £2327.82

    And don't forget the Student Loan! £10,765.93 (April 2017)
    • GeorgianaCavendish
    • By GeorgianaCavendish 9th Jun 17, 10:23 AM
    • 531 Posts
    • 3,100 Thanks
    GeorgianaCavendish
    New to posting so bear with me but want to keep a record of what i have achieved so far in battle with debt - i have history of depression and anxiety and hubby had a back injury which resulted in change of job where we lost shift allowance. Anyway this is what i have managed to sort so far:
    Barclaycard - debt Jan 2017 - £10500 ...spoke to them and now on a payment plan of £250.00 per month but interest is 3% so interest monthly has gone from over £170.00 down to 25.00 - i have already paid off £1500.00.
    SKY - reduced monthly bill from 95 down to 53
    CAR PARK PASS - got a new job where parking is free - saving 38 per mth
    cancelled GMB union member ship 13.00 per month
    cancelled english heritage membership - 7.71
    cancelled curry helpline 6.00 per month
    Just by changing a few things i am now putting a big dent in my credit card bill as this was cuasing my enxiety to go through the roof and saving £106 per month.
    So just wanted to share this and really its a good way for me to see how far i have come.
    Originally posted by marciek
    Hi Marcie, hello and welcome! Well done on what you've done so far on your debt busting, it sounds like you've made a great start with cancelling unnecessary subscriptions You are very welcome to continue to post here but you would probably get more views and advice from the other people on this forum if you were to post a new thread in the Debt Free Diaries section (just use the pink Start New Thread button on this page )
    Let me know if you do start another thread and I'll pop over and subscribe
    Georgiana, Duchess of Debt-shire's October 2017 Debt Totals: HSBC Loan £10,225.95 / MBNA £3301.93 / Barclaycard £9961.04/ Lloyds £3489.16 / Tesco 1 £897.50/ Tesco 2 £2327.82

    And don't forget the Student Loan! £10,765.93 (April 2017)
    • GeorgianaCavendish
    • By GeorgianaCavendish 9th Jun 17, 1:48 PM
    • 531 Posts
    • 3,100 Thanks
    GeorgianaCavendish
    Election
    So ... not happy with the General Election results. Would have preferred either a Conservative or Labour majority government over a hung parliament. I think that a hung parliament (and the resulting coalition) puts us in the worst possible position for negotiating the least damaging Brexit deal.
    BUT ... I put a £2.50 bet on the election resulting in a hung parliament, so I made £10 in winnings.

    One of our friends bet £100 on Leave winning the Brexit Referendum (he's a passionate Remainer) and he won £1000. He then put £100 on Donald Trump winning the Presidential vote and won £800. He's been disappointed with the results of both elections but the money won was a silver lining. I could never bring myself to gamble such a large amount of money but I decided to copy him on a very small scale with money that I could afford to lose, I've only won £10 but the idea of buying a tall and frosty cocktail by the pool in Marrakech next week has temporarily made me a bit more cheerful about the result.
    Georgiana, Duchess of Debt-shire's October 2017 Debt Totals: HSBC Loan £10,225.95 / MBNA £3301.93 / Barclaycard £9961.04/ Lloyds £3489.16 / Tesco 1 £897.50/ Tesco 2 £2327.82

    And don't forget the Student Loan! £10,765.93 (April 2017)
    • Silver Queen
    • By Silver Queen 9th Jun 17, 2:05 PM
    • 166 Posts
    • 1,008 Thanks
    Silver Queen
    So ... not happy with the General Election results. Would have preferred either a Conservative or Labour majority government over a hung parliament. I think that a hung parliament (and the resulting coalition) puts us in the worst possible position for negotiating the least damaging Brexit deal.
    BUT ... I put a £2.50 bet on the election resulting in a hung parliament, so I made £10 in winnings.

    One of our friends bet £100 on Leave winning the Brexit Referendum (he's a passionate Remainer) and he won £1000. He then put £100 on Donald Trump winning the Presidential vote and won £800. He's been disappointed with the results of both elections but the money won was a silver lining. I could never bring myself to gamble such a large amount of money but I decided to copy him on a very small scale with money that I could afford to lose, I've only won £10 but the idea of buying a tall and frosty cocktail by the pool in Marrakech next week has temporarily made me a bit more cheerful about the result.
    Originally posted by GeorgianaCavendish
    I do this too

    I think of the worst possible outcome and I place a tiny bet on it. This way, if things go my way I'm happy, if things go badly then at least I've made a little bit of money
    • Hiddenidenity
    • By Hiddenidenity 9th Jun 17, 2:45 PM
    • 4,230 Posts
    • 26,461 Thanks
    Hiddenidenity
    Well done on the money gain. Not long until your holiday now
    • JoJoC
    • By JoJoC 9th Jun 17, 3:34 PM
    • 1,280 Posts
    • 4,176 Thanks
    JoJoC
    Well done on your win! What a lovely way to end the working week

    I'm also disappointed in the election results, but for different reasons.
    CC1: £3804.52 / £3554.32 £250.20 paid | CC2:£5027.53 / £4829.43 £245 paid | Loan: £15,000 / £12,369.24 (£2,631.76 paid)

    July debt total: £23,832.05 | New debt total: £20,752 | Total debt paid: £3,080 (13%)
    *My debt busting and savings diary*
    • mummytogirls
    • By mummytogirls 10th Jun 17, 4:48 PM
    • 5,624 Posts
    • 18,503 Thanks
    mummytogirls
    Yay to your win GC xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
    • EssexHebridean
    • By EssexHebridean 12th Jun 17, 11:47 AM
    • 8,232 Posts
    • 43,625 Thanks
    EssexHebridean
    Georgiana have you tried ZipVit for supplements? They're very good, you can go through TCB too - and they often have free postage/10% off deals - I only ever buy when I get one of those through. Everything you spend goes top earn you loyalty points too which you can then use for further savings on subsequent orders. If you haven't used them before and want to I can let you have a referral link if you'd like.

    Agree with you on a hung parliament being the "worst of all worlds" - to be honest the stability of things staying as they were would have been far preferable at this point I would think. Hey ho - 'tis done and as usual there's nothing we can do about it!
    MORTGAGE FREE 30/09/2016
    Sainsbugs 0% card: 22/12/16 £1229.00/£702.45 (20/11/17)
    SOA Calculator for DFW newbies: Stoozing.com SOA Calculator
    • Naomim
    • By Naomim 13th Jun 17, 2:08 PM
    • 1,219 Posts
    • 2,921 Thanks
    Naomim
    Hey GC,

    I hope you're having a lovely time. I've just caught up. I love the idea of focusing on the 1% maybe this is something I need to employ. A spreadsheet I can colour in

    Naomi
    CC's Nov16 £18,609.97 / Jun17 £21032.03 Overdraft 06/17 £4577.44 07/17 £4505.35
    Aiming for a debt free date: April 2024
    £2 savings club #26 lost count but still collecting!
    Here's my diary: A Ditherer's Diary Again
    • GeorgianaCavendish
    • By GeorgianaCavendish 13th Jun 17, 7:44 PM
    • 531 Posts
    • 3,100 Thanks
    GeorgianaCavendish
    Georgiana have you tried ZipVit for supplements? They're very good, you can go through TCB too - and they often have free postage/10% off deals - I only ever buy when I get one of those through. Everything you spend goes top earn you loyalty points too which you can then use for further savings on subsequent orders. If you haven't used them before and want to I can let you have a referral link if you'd like.

    Agree with you on a hung parliament being the "worst of all worlds" - to be honest the stability of things staying as they were would have been far preferable at this point I would think. Hey ho - 'tis done and as usual there's nothing we can do about it!
    Originally posted by EssexHebridean
    I haven't tried ZipVit before, I will check them out - thank you for the recommendation! Yes please, a referral link would be great
    Georgiana, Duchess of Debt-shire's October 2017 Debt Totals: HSBC Loan £10,225.95 / MBNA £3301.93 / Barclaycard £9961.04/ Lloyds £3489.16 / Tesco 1 £897.50/ Tesco 2 £2327.82

    And don't forget the Student Loan! £10,765.93 (April 2017)
    • EssexHebridean
    • By EssexHebridean 14th Jun 17, 11:15 AM
    • 8,232 Posts
    • 43,625 Thanks
    EssexHebridean
    I'll find it and DM you!

    *edit* Apparently you can't get DM's - not entirely sure I'm allowed to post referral details into the thread but I'm sure someone will remove them if not...!

    Referral Codes and URL

    Your Referral URL

    https://www.zipvit.co.uk/rewardsref/index/refer/refcode/zv108191622/
    Referrals that access this URL are connected as referrals once they signup or place an order.
    Your Referral Code

    zv108191622

    Referrals should enter the code at checkout or signup.
    Last edited by EssexHebridean; 14-06-2017 at 11:19 AM.
    MORTGAGE FREE 30/09/2016
    Sainsbugs 0% card: 22/12/16 £1229.00/£702.45 (20/11/17)
    SOA Calculator for DFW newbies: Stoozing.com SOA Calculator
    • GeorgianaCavendish
    • By GeorgianaCavendish 22nd Jun 17, 2:00 PM
    • 531 Posts
    • 3,100 Thanks
    GeorgianaCavendish
    Thanks so much! I will use that next time I'm ordering vitamins
    Georgiana, Duchess of Debt-shire's October 2017 Debt Totals: HSBC Loan £10,225.95 / MBNA £3301.93 / Barclaycard £9961.04/ Lloyds £3489.16 / Tesco 1 £897.50/ Tesco 2 £2327.82

    And don't forget the Student Loan! £10,765.93 (April 2017)
    • GeorgianaCavendish
    • By GeorgianaCavendish 22nd Jun 17, 2:16 PM
    • 531 Posts
    • 3,100 Thanks
    GeorgianaCavendish
    I'm back from holiday but seems like you all had a heatwave here too! It's a bit harder to deal with the heat in my stuffy flat than it was poolside in Morocco but never mind It turned out to be our cheapest holiday so far.
    Our hotel deal included breakfast and there was so much food on offer that we weren't really hungry again until mid afternoon, there were lots of restaurants near our hotel that were cheaply priced and we had a couple of trips to the supermarket to stock up on bottled water, juice, crisps and cereal bars which really helped with bringing down the cost of snacks etc during the day.

    Our one extravagant spend was a day at a very posh hotel spa (around £38 each), we went there after breakfast and left at 6pm so we definitely got our money's worth! We did some sightseeing but the attractions were very cheap, I think the most expensive was £8 entry but most were only around £1!

    What I really noticed this holiday was that I didn't have the urge to spend. We had a look at the souks but I didn't need anything and didn't find myself tempted by bags or argan oil etc, we had the spa day but I didn't feel the need to add several expensive treatments on to the entry fee "just because" I was there. I even enjoyed going to the supermarket to load up on water and pool snacks because I knew it was going to save us a packet!
    I usually leave all my unfinished shampoo, shower gel etc behind when we come home but I couldn't do it! I kept thinking, there's at least £2 of product left in that bottle - it's coming home with me!

    I'm doing all the post-holiday laundry today, luckily everything seems to dry as soon as I hang it on the drying rack.
    Georgiana, Duchess of Debt-shire's October 2017 Debt Totals: HSBC Loan £10,225.95 / MBNA £3301.93 / Barclaycard £9961.04/ Lloyds £3489.16 / Tesco 1 £897.50/ Tesco 2 £2327.82

    And don't forget the Student Loan! £10,765.93 (April 2017)
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