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  • FIRST POST
    • Reb2016
    • By Reb2016 6th Jun 17, 10:30 AM
    • 97Posts
    • 110Thanks
    Reb2016
    Don't want to spend my life in debt
    • #1
    • 6th Jun 17, 10:30 AM
    Don't want to spend my life in debt 6th Jun 17 at 10:30 AM
    I've finally had my lightbulb moment, I found myself last week applying for a consolidation loan, thankfully I was turned down, and this got me to take a proper look at my finances. I worked out that I could pay back all my debt by Aug 2020, possibly even earlier depending on work bonuses. The loan I was looking at was 10 years, I would have paid back so much more interest and risked my house as it was a secured loan. I am now really glad that I was turned down.


    So now its time to really get this all sorted, I don't want to spend my life constantly in debt, so I am starting this diary to keep myself focused.


    So far, I have checked my SOA and noticed my Broadband contract was about to come to an end and go up by £10 a month so I have contacted the provide and now have another 12months on the same rate.


    My mobile contract is a high cost by comes to an end in Feb next year so I will change that to a pay as you go contract, as I really don't use my phone much at all.


    I have started having a clear out, and have sent some books, DVDs and CD's to a buy your books place which will give me £52, this will be used to make the final payment for some dental treatment I have coming up, instead of me doing my usual and putting it on a credit card.


    I have also listed some items on ebay so fingers crossed there. I shall continue the clear out and see if I can come across anything else.


    Reb
Page 3
    • Narola1976
    • By Narola1976 9th Sep 17, 8:47 AM
    • 97 Posts
    • 261 Thanks
    Narola1976
    Thanks for your lovely words MrJester, all the support really helps.

    So had an interesting conversation with my Sister today, and we have decided to stop Christmas and Birthday presents, and save the money for nice lunches out instead, (her idea) which I think is a much better idea, it's often difficult to know what to get, and much nicer to use the money on time spent together, I think I will now also broach the subject with my brother too.

    Tomorrow I shall be some more things on eBay, be interesting to see how they go.

    Happy weekend everyone
    Reb
    Originally posted by Reb2016
    I think that is a brilliant plan with your sister. You are right, time together is so much more important. We place an overemphasis on gifts - well I do any way...I overcompensate with my daughter as all our family live abroad so we (OH and I) are the only people she ever gets gifts from (not counting her mates of course), but starting to move away from that a bit.
    HSBC CC £7150.15 - £6524.68 ~~~ Barclay Card £7894.74 £7846.32 ~~~ MBNA 1 £10382.67 - £10272.67 ~~~ MBNA 2 £7214.28 - £7062.94 ~~~Argos £202.05 - £100.05 ~~~ HSBC Loan £399.27 - £0 ~~~ Hitachi Loan £24.12 - £0 ~~~ Car Loan £14745.60 - £14008.32
    TOTAL £48012.88 - £45814.98 (Paid £2197.90 so far)
    • Reb2016
    • By Reb2016 9th Sep 17, 8:57 PM
    • 97 Posts
    • 110 Thanks
    Reb2016
    Spent a good part today photographing items ready for a mammoth listing on eBay day tomorrow. Was really honest with myself about whether I will really ever use some things, hence them ending up on eBay.

    Also my sky contract came up for renewal so called them up and got a discount for 18 months, I know most people would say I don't need sky, and you would be right it is a want not a need, but I have a health condition that means I don't get to go out much, so this is the luxury item I allow myself to make up for that.

    Sky may also be able to give me a good deal on a Sim contract for my phone, when my current contract ends, currently I pay a rather scary £35.90 a month, because I wanted the top of the range phone, so I had already decided when the contract ends in Jan I would get a sim only deal as I really don't use it that much and don't need all the mins, data and text I have on my current contract. So I've made a note to call Sky in Jan and see what deals they have, and to of course compare them with others so I get the best one.

    Reb
    Last edited by Reb2016; 09-09-2017 at 9:09 PM.
    Light bulb moment 6th June 2017 £13333.63 Debt now 12359.94
    DFD was October 2020 40 months now 31st May 2020 33 months Overdraft £450/£2250
    12/17 NSD September 9/4 in a row
    • Kittychick
    • By Kittychick 10th Sep 17, 10:37 AM
    • 151 Posts
    • 378 Thanks
    Kittychick
    Hi Reb, I was talking to someone this week about them moving to Sky with their mobile phone, I don't know the details but they were v impressed with cost as a current customer it wasn't that much more and much cheaper than a phone contract on its own, definitely worth a go!
    • Reb2016
    • By Reb2016 10th Sep 17, 9:36 PM
    • 97 Posts
    • 110 Thanks
    Reb2016
    That's good to hear Kittychick

    Made my last credit card payment of the month today, so now it's all down to what I make from eBay.

    Spent all afternoon listing everything on eBay, was feeling really fed up with it by the time I finished, however just checked on them and I already have bids on 4 items, so pleased doing a little happy dance.

    Reb
    Light bulb moment 6th June 2017 £13333.63 Debt now 12359.94
    DFD was October 2020 40 months now 31st May 2020 33 months Overdraft £450/£2250
    12/17 NSD September 9/4 in a row
    • MrJester
    • By MrJester 11th Sep 17, 11:06 AM
    • 950 Posts
    • 432 Thanks
    MrJester
    That's good to hear Kittychick

    Made my last credit card payment of the month today, so now it's all down to what I make from eBay.

    Spent all afternoon listing everything on eBay, was feeling really fed up with it by the time I finished, however just checked on them and I already have bids on 4 items, so pleased doing a little happy dance.

    Reb
    Originally posted by Reb2016
    Really like that in your earlier post you said you were "being really honest with yourself". That's such a huge thing that most people find very difficult. We can spend less, and own less, and be much happier!

    Btw have you tried just using the ebay app to list items? It can be a bit easier in most circumstances because you can just point and shoot with your phone, add some details and get the item listed. You can still also schedule listing start times (which are usually FREE despite what it might say) to end your items on a sunday evening (they say this is the best time to end any listing because has the highest viewership on the site).

    Awesome work man
    My new 2017 Batman-like debt free diary (£26k+)!
    • Reb2016
    • By Reb2016 12th Sep 17, 11:12 PM
    • 97 Posts
    • 110 Thanks
    Reb2016
    Hi
    Thanks for your comments Mr Jester I haven't tried the eBay app, I'll give that ago when I list my next lot, anything to make it easier. Interesting that you have seen Sunday eve as being the best time to have auctions end, I've been making sure most of mine end then for a while as I thought I got better bids then, good to hear I'm not imagining it. And talking of eBay I have a few more bids, so looking good there

    Also chalked up another 2 NSD NSD should get another tomorrow making progress.
    Reb
    Light bulb moment 6th June 2017 £13333.63 Debt now 12359.94
    DFD was October 2020 40 months now 31st May 2020 33 months Overdraft £450/£2250
    12/17 NSD September 9/4 in a row
    • Narola1976
    • By Narola1976 13th Sep 17, 8:24 AM
    • 97 Posts
    • 261 Thanks
    Narola1976
    Hey Reb, you are doing so well, keeping that focus. Good job on the ebay sales. I second the ebay app. Much better than the PC.
    HSBC CC £7150.15 - £6524.68 ~~~ Barclay Card £7894.74 £7846.32 ~~~ MBNA 1 £10382.67 - £10272.67 ~~~ MBNA 2 £7214.28 - £7062.94 ~~~Argos £202.05 - £100.05 ~~~ HSBC Loan £399.27 - £0 ~~~ Hitachi Loan £24.12 - £0 ~~~ Car Loan £14745.60 - £14008.32
    TOTAL £48012.88 - £45814.98 (Paid £2197.90 so far)
    • Rachel24
    • By Rachel24 13th Sep 17, 6:44 PM
    • 65 Posts
    • 154 Thanks
    Rachel24
    You're doing amazing Reb! Xx
    • Reb2016
    • By Reb2016 15th Sep 17, 7:32 PM
    • 97 Posts
    • 110 Thanks
    Reb2016
    Thanks for the lovely comments, few more eBay bids today, so fingers crossed lots will sell.
    Racking up a few NSD's now, hopefully will be able to do a few more and meet this months target.

    Overspent a bit on my food budget, I really do need to get that under control, not just for debt busting but also because I am eating a lot of the wrong things, so going to spend some time this weekend meal planning for October, so that I have a really clear shopping list, and then all I have to do is to stick to it.

    Reb
    Light bulb moment 6th June 2017 £13333.63 Debt now 12359.94
    DFD was October 2020 40 months now 31st May 2020 33 months Overdraft £450/£2250
    12/17 NSD September 9/4 in a row
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 18th Sep 17, 10:12 PM
    • 1,031 Posts
    • 1,201 Thanks
    HairyHandofDartmoor
    Meal planning is really important to avoid overspending. I buy exactly seven days of food and only shop once a week, apart from top up shops for milk and fruit. It helps me to keep to my budget. I put the vital stuff through first and as soon as it hits £80 I put stuff back. The cashiers must hate me but it's the only way to be sure I stick to my budget of £80 per week for 5 adults .

    You're doing really well with the eBay selling.
    Last edited by HairyHandofDartmoor; 18-09-2017 at 10:19 PM.
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867

    Debt at highest = £58,766 Current debt = £16,234

    Long Hauler No. 156 Spendaholics Anonymous No. 47
    • Reb2016
    • By Reb2016 18th Sep 17, 10:51 PM
    • 97 Posts
    • 110 Thanks
    Reb2016
    Well ebay has gone really well and the overdraft is now down to £1800.00, so that's £450 paid of this month, still have one person to pay fingers crossed that they do, I've also sold some more books and cds to one of those buy your books places so that'll be another £15.

    I've downloaded the eBay app ready to list a few more items, this is my last big batch of things, so fingers crossed it goes well.

    Didn't get much time for meal planning at the weekend, so will start that this week. Hairy hand I like the idea of only shopping once a week, it would stop me buying all those little treats.

    Reb
    Light bulb moment 6th June 2017 £13333.63 Debt now 12359.94
    DFD was October 2020 40 months now 31st May 2020 33 months Overdraft £450/£2250
    12/17 NSD September 9/4 in a row
    • sauceoclock
    • By sauceoclock 19th Sep 17, 2:32 PM
    • 760 Posts
    • 692 Thanks
    sauceoclock
    Just caught up on your diary, you are absolutely smashing it and itís so good to see! Making me feel super motivated, Iíve actually gotten back on to the eBay thing, I did LOADS of eBaying in my third year of uni and now Iíve been living as a graduate for almost 5 years (v. scary to think that) Iíve accumulated more clothes and things I donít need. Iím going to be going home tonight to see what else I can list on there as my listings are going like wildfire! I have to say Iíve been a bit lazy and the last few months Iíve sent stuff off to the charity shop instead of selling it on eBay like I should have done.

    Where do you sell your books if you donít mind me asking? BF brought so many with him and I have HUNDREDS at my parents place that my mum wants to try and offload on to me soon so Iíll be wanting to get rid, Iíve sent loads to the charity shop already but as Iím in debt if I can make a bit of money I sure will!
    Loan (overpaying): £3,600 £3,093.60
    Car Insurance: £550.82 £410.82
    Credit Card: £781
    Car PCP: £11,450 £10,665.54
    • Reb2016
    • By Reb2016 19th Sep 17, 10:20 PM
    • 97 Posts
    • 110 Thanks
    Reb2016
    Hi sauceoclock thanks for your lovely comments, I know what you mean about accumulating stuff amazing how quickly it can all build up. I've been using webuybooks.co.uk used them a few times now, and never had any problems with them paying out. Some books don't raise a lot but it soon starts to add up, and postage is free. Sounds like eBay is going well for you too.

    Reb
    Light bulb moment 6th June 2017 £13333.63 Debt now 12359.94
    DFD was October 2020 40 months now 31st May 2020 33 months Overdraft £450/£2250
    12/17 NSD September 9/4 in a row
    • sauceoclock
    • By sauceoclock 20th Sep 17, 12:00 PM
    • 760 Posts
    • 692 Thanks
    sauceoclock
    Thanks for sharing your book website! I will check it out, I’m gutted as I sent SO many books off to the charity shop but know I’ll have so many more soon enough. I’ll be selling quite a few signed books on eBay I think once I’ve collected them from my Mum’s house (hating the idea of bringing more toot in to our tiny house!!).

    I had a little clear out last night and found a couple more things to get listed on eBay so thanks for the motivation!
    Loan (overpaying): £3,600 £3,093.60
    Car Insurance: £550.82 £410.82
    Credit Card: £781
    Car PCP: £11,450 £10,665.54
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 20th Sep 17, 8:39 PM
    • 1,031 Posts
    • 1,201 Thanks
    HairyHandofDartmoor
    Think I'll check out that website too, I have more books than is good for me!
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867

    Debt at highest = £58,766 Current debt = £16,234

    Long Hauler No. 156 Spendaholics Anonymous No. 47
    • Reb2016
    • By Reb2016 20th Sep 17, 10:08 PM
    • 97 Posts
    • 110 Thanks
    Reb2016
    That's where I was, far too many books, its lovely to have cleared so many, and great to have space to move
    Light bulb moment 6th June 2017 £13333.63 Debt now 12359.94
    DFD was October 2020 40 months now 31st May 2020 33 months Overdraft £450/£2250
    12/17 NSD September 9/4 in a row
    • Reb2016
    • By Reb2016 24th Sep 17, 7:22 PM
    • 97 Posts
    • 110 Thanks
    Reb2016
    Listed a few more things on eBay today, so fingers crossed. It's also pay day this week, so will be able to make some more payments.

    Had a NSD today I'm hopeful of reaching this months target, just a few more days to go.

    Reb
    Light bulb moment 6th June 2017 £13333.63 Debt now 12359.94
    DFD was October 2020 40 months now 31st May 2020 33 months Overdraft £450/£2250
    12/17 NSD September 9/4 in a row
    • MrJester
    • By MrJester 24th Sep 17, 7:40 PM
    • 950 Posts
    • 432 Thanks
    MrJester
    Your constant drive to chip away at your debt is inspiring thanks Reb. Glad you might find the ebay app useful, I definitely did. Saves any kind of moving pictures from one device to the other (yawn).

    What's a NSD btw? Not sure I know that term/abbreviation
    My new 2017 Batman-like debt free diary (£26k+)!
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 24th Sep 17, 7:58 PM
    • 1,031 Posts
    • 1,201 Thanks
    HairyHandofDartmoor
    NSD is no spend day Mr Jester.

    You're doings well on the eBay listing Reb. What percentage of the stuff you list actually sells Would you say? I haven't had much luck selling books on eBay.
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867

    Debt at highest = £58,766 Current debt = £16,234

    Long Hauler No. 156 Spendaholics Anonymous No. 47
    • MrJester
    • By MrJester 24th Sep 17, 8:07 PM
    • 950 Posts
    • 432 Thanks
    MrJester
    NSD is no spend day Mr Jester.

    You're doings well on the eBay listing Reb. What percentage of the stuff you list actually sells Would you say? I haven't had much luck selling books on eBay.
    Originally posted by HairyHandofDartmoor
    Oh! Sweet! Like that concept
    My new 2017 Batman-like debt free diary (£26k+)!
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