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    • mumof3.12kindebt
    • By mumof3.12kindebt 29th May 17, 10:55 PM
    • 115Posts
    • 260Thanks
    mumof3.12kindebt
    if i make a start . then there has to be an end right ?!
    • #1
    • 29th May 17, 10:55 PM
    if i make a start . then there has to be an end right ?! 29th May 17 at 10:55 PM
    24 years old 3 kids . bipolar. physical disability. second child with additional needs and £15k of debt (£12k + interest if i can get approved for a loan and consolidate)

    i always thought id leave school go to college , travel. go to uni . get married . buy a house . have kids. raise the babies. then one day retire.

    but life had a different plan,

    here i am , 24 , 3 kids too two different dads. living in a 2 bed council flat with my partner 3 kids and a cat.
    i only have to look at my children to realise why ive never given up. at times when my mental health got too much.
    i have big dreams.
    but first i need to get my debt paid off , enjoy making memories with my kids .. then i can look at the next stage of my life ,
    my youngest is 11 weeks old tomorrow.
    that has flown by,

    anyway this is my little diary on loving life and paying off the dreaded debt
Page 1
    • motivated
    • By motivated 29th May 17, 11:05 PM
    • 2,273 Posts
    • 3,392 Thanks
    motivated
    • #2
    • 29th May 17, 11:05 PM
    • #2
    • 29th May 17, 11:05 PM
    Hi mumof3

    Welcome and good luck on your journey to debt freedom. Keep posting on your progress and any little setbacks. ( hopefully there won't be any) it really helps to keep you on track when you have a diary.

    I hope your dreams come true for you one day.
    I've subscribed and will be cheering you along
    Good luck
    M
    I have arrived in DMP land and I like it, I may stay a while
    Short term goal £735/£1796

    0/98 payments
    SPC # 91
    • enthusiasticsaver
    • By enthusiasticsaver 29th May 17, 11:11 PM
    • 4,674 Posts
    • 8,840 Thanks
    enthusiasticsaver
    • #3
    • 29th May 17, 11:11 PM
    • #3
    • 29th May 17, 11:11 PM
    Consolidating debt is generally considered not to help with debt clearing. Have you looked at other options like 0% credit cards?
    4 weeks to go until early retirement in December . Debt free and mortgage free.

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • mumof3.12kindebt
    • By mumof3.12kindebt 31st May 17, 9:40 PM
    • 115 Posts
    • 260 Thanks
    mumof3.12kindebt
    • #4
    • 31st May 17, 9:40 PM
    • #4
    • 31st May 17, 9:40 PM
    hi thankyou for stopping by and giving support / advice.
    im going to see what options i have regarding consolidating .
    i have been listing items on ebay. so far in 24 hours ive made £6 after postage. its not much but it all helps.
    i did a food shop at a!di earlier £97 it came too and i forgot a few things,
    this needs to be looked at. i went with a list and a meal plan too !!
    i need to look at my bills account and see if i can make changes or save money anywhere.

    we have had a low spend half term keeping the kids busy. havent spent a penny so far. we are going to the beech tomorrow and have budgeted for a chippy at tea time and fuel. we will take drinks and a picnic for snacks and lunch
    • mumof3.12kindebt
    • By mumof3.12kindebt 3rd Jun 17, 10:42 PM
    • 115 Posts
    • 260 Thanks
    mumof3.12kindebt
    • #5
    • 3rd Jun 17, 10:42 PM
    • #5
    • 3rd Jun 17, 10:42 PM
    Today I had an eye test . and had to buy locks for my windows cupboards and drawers.
    Its been an expensive day but the rest of the week should be quiet low spends.
    We need to get some balloons to help distract lo and keep him happy as we can when he has his.op on Thursday.
    I checked my credit score And its gone up slightly again this month.
    According to credit score its now 500/700

    I'd still like to buy a house one day so I'm trying to keep this In mind when I have urges to spend.
    • mumof3.12kindebt
    • By mumof3.12kindebt 6th Jun 17, 6:24 PM
    • 115 Posts
    • 260 Thanks
    mumof3.12kindebt
    • #6
    • 6th Jun 17, 6:24 PM
    • #6
    • 6th Jun 17, 6:24 PM
    made £31 on ebay.

    had to buy a new washing machine. which was a lot more than £31

    did my first shadow shift today for my new job. absolutely loved it .
    this year for me is about trying to budget better and getting some of the debts paid off.

    i have more than £12K

    CAR £9288
    CATALOGUE £1610
    CREDIT CARD 4000

    TOTAL £14898

    WOW. i thought it was around 12k . i was way off. this needs to all be gone before youngest starts school as we will have to move by then and hope too buy rather than rent.

    i will try and update at the end of every month with where we are at regarding the debt and how much we have managed to pay off

    i have around 3 years 6 months left on my car it would be great to have it all cleared by then
    • mumof3.12kindebt
    • By mumof3.12kindebt 18th Jun 17, 1:15 AM
    • 115 Posts
    • 260 Thanks
    mumof3.12kindebt
    • #7
    • 18th Jun 17, 1:15 AM
    • #7
    • 18th Jun 17, 1:15 AM
    Hi all.
    Havent posted for over a week so here is an updated.
    I'm frozen my credit card so it can only be used in dire emergencies. Once we have a bit in our savings it will be cut up and never ever used again
    If budget allows I'll use 500 of my savings each month towards bills etc and the rest will go straight onto the catalogue or credit card . this means even with out any overtime I will be paying off at least 90 a month. I'm obviously hoping to pay off a lot more than that.
    Found a lovely summer top / jacket thingy in a charity shop for £3 and picked up some shorts off a sale rack in a supermarket for £5 .
    I need to review my bank at the end of the month.
    I also need to update tax credits next week.

    Tomorrow is hopefully going to be a bit of a chill day .
    Going to see my dad
    Finish reading my book. And start the next one
    Do my last 2 courses before work on Monday
    List 10 items on eBay
    Have an early night (unlike tonight).
    • mumof3.12kindebt
    • By mumof3.12kindebt 18th Jun 17, 1:16 AM
    • 115 Posts
    • 260 Thanks
    mumof3.12kindebt
    • #8
    • 18th Jun 17, 1:16 AM
    • #8
    • 18th Jun 17, 1:16 AM
    Its supposed to say 500 of wages not savings
    • mumof3.12kindebt
    • By mumof3.12kindebt 18th Jun 17, 11:00 AM
    • 115 Posts
    • 260 Thanks
    mumof3.12kindebt
    • #9
    • 18th Jun 17, 11:00 AM
    • #9
    • 18th Jun 17, 11:00 AM
    we hope to get the pool set up for the kids today.
    dad is popping here to we are going there im not sure yet,
    i have one more course to do
    • sourcrates
    • By sourcrates 18th Jun 17, 1:16 PM
    • 12,461 Posts
    • 11,855 Thanks
    sourcrates
    Hi,

    You dont say if you work or what your income is.

    Have you considered a debt relief order ?

    Without more information i dont know if you would qualify or not, but may be worth your while looking into it.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    For Legal advice see : http://legalbeagles.info/
    • mumof3.12kindebt
    • By mumof3.12kindebt 18th Jun 17, 4:33 PM
    • 115 Posts
    • 260 Thanks
    mumof3.12kindebt
    I work part time as a health care assistant. Minimum wage.
    I won't know what benefit help we will get until I contact them this week as I don't start till tomorrow.
    If I do a dro won't they take my car . problem is I need a car for work as we are rural and there are no buses when I start early shift or finish a late shift.
    Its about 10 miles to my place of work and I can't cycle or walk as Im physically disabled and can't walk that far
    • mumof3.12kindebt
    • By mumof3.12kindebt 18th Jun 17, 4:37 PM
    • 115 Posts
    • 260 Thanks
    mumof3.12kindebt
    My credit rating is also quiet good ATM . and ive worked hard over the last 18 months to get it too that point
    Dont really want to distroy it .
    My catalogue is all 0% atm on bnpl
    My credit card is 10% and I can't seem to qualify for any 0% transfer ones
    My car is 12%
    Ive tried switching to a lower Apr but again can't get approved.
    Once I know where we stand with Income I can work from there regarding budgets and repayment .
    • mumof3.12kindebt
    • By mumof3.12kindebt 18th Jun 17, 5:20 PM
    • 115 Posts
    • 260 Thanks
    mumof3.12kindebt
    I won't qualify for a dro.
    But have emailed a company about Iva's . to see if that's an option.
    I just need a plan. Once I know where we stand income wise I can work from there.
    • mumof3.12kindebt
    • By mumof3.12kindebt 19th Jun 17, 11:15 AM
    • 115 Posts
    • 260 Thanks
    mumof3.12kindebt
    I have thought about selling my car and paying off the debt with the sale money. But I'm in negative finance so will still be left around 3k of the car finance to pay off. I'd also have to use some of the money to buy a cheap car to get to work.
    I think I'm going to play it by ear till the end of the year and see how we do. And if we are still in a substantial amount of debt. Relook at our situation and see what's the best thing to do to help clear it.
    I'd like to go on a short break away next year in the UK so I'm using this as my drive to paying off the debts.
    The main ones at the moment are the credit card and catalogue. As I can afford the car repayments.and so far I havent missed one.
    I'll be canceling my phone contract next month so that will save me some money.
    • ampersand
    • By ampersand 19th Jun 17, 11:54 AM
    • 8,279 Posts
    • 31,537 Thanks
    ampersand
    Welcome to mse, m3.12kd.

    Your littlest babe, at 11 weeks, has first call on you right now.

    May I ask you to just stop for a moment?
    I DO know how impossible that must feel. All Mums do:-) Just do it anyway.

    Rural location has pluses for you as a family, especially the children, minuses for transport, convenience.

    You have some good actions planned. PAYG is fine. Making good memories with littlies will be a natural, even more so as you get on top of this debt mountain.

    PLEASE DON'T DO THIS:# 'But have emailed a company about Iva's . to see if that's an option. '
    Martin has always been fierce about how NOT to proceed:
    http://www.moneysavingexpert.com/loans/debt-help-plan?_ga=2.5688947.1104731541.1497861913-1716972257.1497606212

    I hope you've read this through thoroughly - and that your books are Library books-). Living rurally, as I do too, makes a town Library visit even better. Yours surely has storytimes etc. for small people, apart from help for you on work choices and possibilities.

    #11 is a bit muddled.

    Your spending levels and triggers seem casual, high, unnecessary, despite good intentons, some self-knowledge and ability to juggle. These are not 'blame' comments, but evidenced by your posts.

    My siggie includes one of the debt charities Martin rates highly - and they are very much family-aware.

    Is your current partner onside with being debt-free as a mutual happiness goal?
    You clearly want to set good templates for your children.

    i did a food shop at a!di earlier £97 it came too and i forgot a few things,
    this needs to be looked at. i went with a list and a meal plan too !!
    i need to look at my bills account and see if i can make changes or save money anywhere.


    op - this won't do, will it?, nor will checking Bank at end of month. Do this daily! Getting on top of one thing at a time will help with the next.

    Hope young one's operation went well.

    I wish you well. Please contact CAP. I think you'll like them and I know they will help and like you. Every blessing. :-)
    CAP[UK]for FREE EXPERT DEBT&BUDGET HELP:01274 760720, freephone0800 328 0006
    'People don't want much. They want: "Someone to love, somewhere to live, somewhere to work and something to hope for."
    Norman Kirk, NZLP- Prime Minister, 1972
    ***JE SUIS CHARLIE***
    'It is difficult to free fools from the chains they revere' François-Marie AROUET


    • mumof3.12kindebt
    • By mumof3.12kindebt 12th Jul 17, 9:58 PM
    • 115 Posts
    • 260 Thanks
    mumof3.12kindebt
    its been just over a month since i posted debt amount so heres my update.
    june
    CAR £9288
    CATALOGUE £1610
    CREDIT CARD 4000
    TOTAL £14898

    july
    car £9072
    credit card £3500
    catalogue £1300
    total £13872
    £1026 paid off.

    its more than i thought but an extra payment from tax credits has helped.
    i dont expect every month to be like this
    as long as its going down then im heading in the right direction
    still waiting to see how much tax credits we actually qualify for then i will do an income and outgoings post .

    sorted my clothes today. 3 binbags gone .. and lots to sell. ive gone for minimalist with maximum use.

    xx
    Last edited by mumof3.12kindebt; 14-07-2017 at 1:08 PM.
    • mumof3.12kindebt
    • By mumof3.12kindebt 13th Jul 17, 12:27 PM
    • 115 Posts
    • 260 Thanks
    mumof3.12kindebt
    today consists of ebay listing / free to collector and filling charity bags .

    my drawers look empty but hopefully now all my clothes ive kept will actually get worn !
    • mumof3.12kindebt
    • By mumof3.12kindebt 14th Jul 17, 11:46 AM
    • 115 Posts
    • 260 Thanks
    mumof3.12kindebt
    income £2438

    outgoings inc car repayment £1433

    left over £1005

    £400 to credit card (clear credit card in 12 months)
    £300 to catalog (clear catalog in 5 months)

    £205 left for savings / surplus / spending money etc etc
    • mumof3.12kindebt
    • By mumof3.12kindebt 14th Jul 17, 11:52 AM
    • 115 Posts
    • 260 Thanks
    mumof3.12kindebt
    i have 42 months left on my car payments . once the credit card is paid off i plan to overpay on my car and try and pay it off in 36 months or less from now.
    • mumof3.12kindebt
    • By mumof3.12kindebt 14th Jul 17, 11:56 AM
    • 115 Posts
    • 260 Thanks
    mumof3.12kindebt
    tomorrow i am going to purchase a diary so i can make sure we stick to budget from now on.

    the £200 spare is for things like clothes/ school unifrom. costs that aren't regular spends etc . for example this month i need to buy a cot for baby as she is out growing her moses basket.
    i will be looking out for one second hand. but will be buying a mattress new

    both me and my partner have pledged we want to be debt free. sooner rather than later and a year or so of frugal living to get it clear quicker is what we would prefer than 2 or 3 years of debt and spending more than we need to..

    im going to a spa day for my birthday (its much needed) but ill be paying for it from doing some over time.

    ive included 21 overtime shifts within my tax credit calculation, im hoping to get this overtime to cover my spa day and Christmas so its not coming out of our budget. fingers crossed we will see . if i dont do overtime i dont go to a spa day simple as that, and if i cant get overtime to cover christmas it will be a frugal Christmas .
    Last edited by mumof3.12kindebt; 14-07-2017 at 12:02 PM.
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