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  • FIRST POST
    • motivated
    • By motivated 28th Jan 17, 4:51 PM
    • 2,224Posts
    • 3,129Thanks
    motivated
    Debt Demolisher
    • #1
    • 28th Jan 17, 4:51 PM
    Debt Demolisher 28th Jan 17 at 4:51 PM
    Hi MSE ers

    Have plucked up the courage to admit that I cannot cope financially.

    Long story short. We are £82,590 in Credit card and Loan debt basically spent on nothing but shopping, holidays, clothes and household things.

    We are not in arrears or any CCJs at present but fear this will not last.

    I completed the step change debt remedy tool thing today and it advised me to ring them on Monday Petrified at the thought of phone calls, bailiffs at my door and threatening letters etc. I don't even know what to expect about the process etc.

    What do I have to show for it all NOTHING

    So angry with myself but I do feel a little easier as it seems I have woken up and am willing to face it all, pay it all off and remove a lot of the stress I have every month.

    Myself and My OH both work and are both willing to pull together to sort this sorry mess out. I am hoping that keeping a diary and soaking up some excellent tips and advice will see us through to the end.

    I have seen some excellent advice and encouragement given on here and have thoroughly enjoyed reading all of the advice and diaries.

    One day I will be advising others (I hope)

    Please be gentle with me
    M
    Last edited by motivated; 30-05-2017 at 10:33 AM.
Page 6
    • motivated
    • By motivated 9th Mar 17, 6:44 AM
    • 2,224 Posts
    • 3,129 Thanks
    motivated
    Just had a thought too

    Isn't it weird how when we had lots of unsused credit on CCs I would buy things as and when I thought I would. Now we have some money in the bank like savings etc I don't want to buy anything. Like how I need a top up shop but have been holding out hopefully until tomorrow when DH gets paid and I can work from my budget. Any other time I would have thought oh well I'll take CC x y or z and off I'd go and buy far too much stuff.

    I feel that my whole mindset has changed and I now know that this is my true LBM
    M
    Emptying my lake with a teaspoon
    Short term goal £510/£1796
    EF/1k
    • motivated
    • By motivated 9th Mar 17, 6:33 PM
    • 2,224 Posts
    • 3,129 Thanks
    motivated
    Hello all

    Update on our DMP journey

    Had 2 letters today from MBNA ( we had a CC each). Both letters state that they are accepting our monthly payment offers and will reduce interest and charges to 0%. They also say that the payments I will be making will not sop a default going on our credit file. According the the DMP thread the advice is that this is a good thing. The earlier they do it the better.

    I only said yesterday that the letters will start coming. I'm not stressed about them and await the others that will be winging their way to us very soon. I am ready to deal with whatever they throw at me. It's still got to be easier that's trying to keep our heads above water like we have been for heaven knows how long.

    Had to give in and pop to the corner shop for milk, bread and some vape liquid. ( I haven't bought cigarettes for 2 years). This needs to go as well now me thinks . I spent £5.25. Which is a darn site less that if I'd gone to the shops with my old head on.

    Will be meal planning and writing my shopping list ready for the weekend. May even go tomorrow night depending if I have the energy. So proud of myself for not giving in and holding out on my top up shop. We obviously didnt need any extras as it's Friday tomorrow and we've had a cooked meal every evening.

    Healthy eating plan 2/10 reminding myself that Little pickers wear big knickers
    Mood 10/10
    Stress levels 0/10
    M
    Emptying my lake with a teaspoon
    Short term goal £510/£1796
    EF/1k
    • Treadingonplaymobil
    • By Treadingonplaymobil 9th Mar 17, 8:27 PM
    • 924 Posts
    • 7,829 Thanks
    Treadingonplaymobil
    Just had a thought too

    Isn't it weird how when we had lots of unsused credit on CCs I would buy things as and when I thought I would. Now we have some money in the bank like savings etc I don't want to buy anything. Like how I need a top up shop but have been holding out hopefully until tomorrow when DH gets paid and I can work from my budget. Any other time I would have thought oh well I'll take CC x y or z and off I'd go and buy far too much stuff.

    I feel that my whole mindset has changed and I now know that this is my true LBM
    M
    Originally posted by motivated
    This is so me! I am much more conscious of that small positive balance in the bank than I ever was of the HUGE negative balance on the CCs.

    Glad things are progressing smoothly with the DMP.
    £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
    • motivated
    • By motivated 9th Mar 17, 8:46 PM
    • 2,224 Posts
    • 3,129 Thanks
    motivated
    This is so me! I am much more conscious of that small positive balance in the bank than I ever was of the HUGE negative balance on the CCs.
    Originally posted by Treadingonplaymobil
    Definitely agree. When I check my accounts I am like wow we have some money. A million miles away from being rich but it's all ours

    Well done on your progress TOPM
    M
    Emptying my lake with a teaspoon
    Short term goal £510/£1796
    EF/1k
    • boxofpaws
    • By boxofpaws 9th Mar 17, 8:53 PM
    • 404 Posts
    • 1,673 Thanks
    boxofpaws
    Hello motivated, just letting you know I've subscribed. I've read the first page and and the last page, and will catch up the rest later.
    Debt 03/01/17 = £42000
    Debt today = £31900
    • motivated
    • By motivated 9th Mar 17, 9:03 PM
    • 2,224 Posts
    • 3,129 Thanks
    motivated
    Hi paws. Where does your username come from. Love it, I have the image of a litter of puppies or kittens all climbing around in a box
    M
    Emptying my lake with a teaspoon
    Short term goal £510/£1796
    EF/1k
    • motivated
    • By motivated 10th Mar 17, 6:25 AM
    • 2,224 Posts
    • 3,129 Thanks
    motivated
    . Yay made it through our first week of real budgeting and it's Fridaaaay. Have really stuck to it this week and need to keep this going until it becomes a way of life.

    I've had another little spring clean of my finances Last night I even swapped my purse. Cleared out my old purse and sorted out any old receipts and rubbish from it. Put all essential bits and pieces into a new purse (well one I had upstairs) Never bought a new one, im in debt in case I hadn't mentioned it
    Not a CC in sight and only have my new debit card from my new account.

    Very sad I know but I feel this is adding to my new start. Old purse gone, old bank account gone old CCs gone (well not used anymore) old way of financial life gone

    Onwards and upwards. My life not my debt
    M
    Emptying my lake with a teaspoon
    Short term goal £510/£1796
    EF/1k
    • ZarZar1990
    • By ZarZar1990 10th Mar 17, 6:33 AM
    • 290 Posts
    • 474 Thanks
    ZarZar1990
    Well done Motivated! Sounds like you're having a great start.
    I've just started drawing my weekly 'allowance' of cash out to keep in my purse and not spending any more than that (and trying to spend less!) xx
    Personal Loan: Start: £22020 Now: £18800

    Credit Card: £600

    Overdraft: £500
    • motivated
    • By motivated 10th Mar 17, 6:57 AM
    • 2,224 Posts
    • 3,129 Thanks
    motivated
    Well done Motivated! Sounds like you're having a great start.
    I've just started drawing my weekly 'allowance' of cash out to keep in my purse and not spending any more than that (and trying to spend less!) xx
    Originally posted by ZarZar1990
    I should do this too. I will try it once I have done my budget later and paid my weekly things like tv licence gas electric groceries etc I will put some in my new purse and see how it goes
    M
    Emptying my lake with a teaspoon
    Short term goal £510/£1796
    EF/1k
    • motivated
    • By motivated 11th Mar 17, 6:49 PM
    • 2,224 Posts
    • 3,129 Thanks
    motivated
    Happy weekend all

    Have been tidying my garden today. The weather has been lovely today
    I've swept the patio had a bit of washing hung out just a general tidy round really but it blew some cobwebs off of me
    A breath of fresh air instead of being stuck indoors. It doesn't take much to please me these days.

    I logged into my DMP today and it says my review date will be 2018 and my DFD will be 0008 What is this meant to mean. They said approx 7 years Maybe its 107 years I plan to ring them on Monday to end my confusion. It's not hard to confuse me I can tell you

    Payday on Wednesday for me and I will be panicking a little as I need to make sure my wages go into my new account. I'm even more concerned now as the lady who said she did it for me has mucked up my union membership. Apparently they were stopping taking the monthly subscription from my wages and I needed to complete a DD form to which I did. Thought no more of it until I recieved a letter from them saying "sorry you have cancelled your membership and left us" I then had to get straight online and rejoin which is going to cost me more now. I have been a member for the past 12 years and was still paying the earlier, cheaper rate. Anyone who joins now is being charged about £8 per month more. This gives me a bad feeling about my salary now.
    Will speak to her on Monday but the reply I got when I asked her if she had done my wages to the new account she bit my head off so I don't hold out much hope.

    I will not be a happy bunny on Wednesday if she has cocked up again.

    And breathe, Rant over
    M
    Last edited by motivated; 11-03-2017 at 7:12 PM.
    Emptying my lake with a teaspoon
    Short term goal £510/£1796
    EF/1k
    • Treadingonplaymobil
    • By Treadingonplaymobil 11th Mar 17, 7:05 PM
    • 924 Posts
    • 7,829 Thanks
    Treadingonplaymobil
    I'm laughing at your 107 year DFW journey!

    I really hope your payroll woman hasn't cocked up, that would be a rubbish start to the process for you, and you've done so well keeping your chin up since your LBM.
    £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
    • motivated
    • By motivated 11th Mar 17, 7:09 PM
    • 2,224 Posts
    • 3,129 Thanks
    motivated
    I'm laughing at your 107 year DFW journey!
    Originally posted by Treadingonplaymobil
    Could you imagine my DH would say " see I bloody told you so"
    Emptying my lake with a teaspoon
    Short term goal £510/£1796
    EF/1k
    • Treadingonplaymobil
    • By Treadingonplaymobil 11th Mar 17, 9:01 PM
    • 924 Posts
    • 7,829 Thanks
    Treadingonplaymobil
    Could you imagine my DH would say " see I bloody told you so"
    Originally posted by motivated
    It would make his week
    £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
    • motivated
    • By motivated 12th Mar 17, 11:36 AM
    • 2,224 Posts
    • 3,129 Thanks
    motivated
    Hey all

    Who said that Sunday was a day of rest.
    • Up at 6.30
    • Roast dinner prepared and cooking.
    • Washing done
    • Dried and ironed
    • Hoovered
    • Beds changed
    • Dog walked

    Mind you it gives me plenty of time now

    As I was typing this an email came in from one of my CCs "your account is now in arrears and we want a minimum payment of £502 NOW !!!

    Although they have said they accept our payment plan and will stop interest etc. At first my heart was in my mouth until I gave myself a slap and a talking to . Phew just standard monthly things I suppose.
    I imagine we will continue to get things like this and will just have to go with the flow. I refuse to let it get me down.

    Healthy eating plan 5/10
    Mood 10/10
    Stress levels 2/10

    Enjoy what's left of the weekend all
    M
    Emptying my lake with a teaspoon
    Short term goal £510/£1796
    EF/1k
    • dottydebts
    • By dottydebts 12th Mar 17, 12:30 PM
    • 70 Posts
    • 188 Thanks
    dottydebts
    I don't think Sunday's will ever be a day of rest in this house either... always far too much washing/cooking/cleaning/sorting to do.

    Enjoy the rest of your day!
    18.02.17 - £4,040.19 18.03.17 - £3686.19
    18.04.17 - TBA

    • motivated
    • By motivated 12th Mar 17, 4:14 PM
    • 2,224 Posts
    • 3,129 Thanks
    motivated
    I don't think Sunday's will ever be a day of rest in this house either... always far too much washing/cooking/cleaning/sorting to do.

    Enjoy the rest of your day!
    Originally posted by dottydebts
    Exactly dotty no rest for the wicked they say. I must have been really wicked during my life
    Emptying my lake with a teaspoon
    Short term goal £510/£1796
    EF/1k
    • ZarZar1990
    • By ZarZar1990 12th Mar 17, 6:55 PM
    • 290 Posts
    • 474 Thanks
    ZarZar1990
    Sounds like it's still going well Motivated!
    Those standard monthly letters will be sent out automatically, so I shouldn't worry if they've accepted your payments xx
    Personal Loan: Start: £22020 Now: £18800

    Credit Card: £600

    Overdraft: £500
    • motivated
    • By motivated 12th Mar 17, 8:52 PM
    • 2,224 Posts
    • 3,129 Thanks
    motivated
    Sounds like it's still going well Motivated!
    Those standard monthly letters will be sent out automatically, so I shouldn't worry if they've accepted your payments xx
    Originally posted by ZarZar1990
    Thanks Zar Zar
    So far I haven't had a full blown panic since having our true LBM. just a little wobble now and again. I can honestly say I haven't been this relaxed for a long time.

    If my wages goes into my new account on Wednesday I will be well and truly up and running. Fingers crossed.

    As for the letters, everything that we get regarding creditors is nicely filed away in my new pocket file

    I have a feeling I will be hearing from the others this week as another CC account is about to hit the arrears state and I know they would have heard from SC too.

    It is what it is and I will not let this situation control us any more
    M
    Emptying my lake with a teaspoon
    Short term goal £510/£1796
    EF/1k
    • Bobarella
    • By Bobarella 12th Mar 17, 11:37 PM
    • 10,472 Posts
    • 69,414 Thanks
    Bobarella
    Busy round yours today
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
    • motivated
    • By motivated 13th Mar 17, 8:39 PM
    • 2,224 Posts
    • 3,129 Thanks
    motivated
    Evening all

    Work was very today, nothing too bad just very busy all day. Can't always have easy days where I get to sit in MSE when I should be working . Hopefully tomorrow will be a little quieter.

    On the plus side I have been shopping around the online supermarkets looking for the cheapest deals etc. My supermarket is great for that.

    Anyway I came across Ocado and was putting shopping in my online trolley, then came out of it and didn't checkout. Today I recieved an email giving me £20 off of a £60 shop. I have just done my next weeks shopping and got a free £20s worth of shopping. It all came to £40.03p. Free delivery too I made sure I spent it wisely and bought meat with it that I can batch cook with and freeze. I will be able to make meals for the whole week with enough to freeze too. So easy to grab something out of the freezer ready cooked for when I get home. . A win win for me.
    My local Aldi is closed for refurb for 6 months Don't they care I'm on a budget and in debt in case I forgot to mention it

    Couldn't say no to a nice deal like that. Definitely won't need a top up shop now.

    Didn't sleep too well last night, not money worries I tend to get restless legs and can't settle. Constantly kicking my legs out and fidgeting. Its a weird feeling. It's as if my legs wait until I get into bed and think right lets start playing up. I was told my a colleague today that it could be pre-menopausal so tonight I am tired and feel an early night calling.

    Healthy eating plan 10/10 didn't get time to cheat today
    Mood 8/10
    Stress levels 1/10
    M
    Last edited by motivated; 13-03-2017 at 8:41 PM.
    Emptying my lake with a teaspoon
    Short term goal £510/£1796
    EF/1k
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