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  • FIRST POST
    • MrJester
    • By MrJester 12th Jun 17, 11:57 AM
    • 944Posts
    • 428Thanks
    MrJester
    Why do we fall? To learn to pick ourselves back up. (£26K+ DEBT!)
    • #1
    • 12th Jun 17, 11:57 AM
    Why do we fall? To learn to pick ourselves back up. (£26K+ DEBT!) 12th Jun 17 at 11:57 AM
    Hello. MSE. Once again. I am here, to share my journey and find support and inspiration in you fellow moneysavers.

    My old debt diary: http://forums.moneysavingexpert.com/showthread.php?t=5055456

    Here's a mini breakdown of where I am right now:
    • £20,000 business loan debt; up to date
    • £4500 MBNA debt; defaulted
    • £2000 Barclaycard debt; defaulted
    • Currently unemployed and seeking

    A short story is that I was in good employment over a year ago and had disposable income to start bringing down my debts so it was just a matter of time. But I felt severely unhappy in my line of work, and it affecting my health. So I quit. And over the next year I obtained a business loan to try and create my own business, and it was unsuccessful in the financial sense.

    But I have learned a lot about myself, and about business. I will continue to progress at working for myself as this is where I think I will be happiest, but right now I clearly have significant debts and I need to dedicate the next year+ to sorting them out.

    So right now I'm seeking new employment. I know my worth better these days than I once did, and will be looking for a good pay cheque. Don't get my wrong, I'll be taking any half decent employment I can get but will be on the constant lookout for very well paid opportunities.

    In many ways I feel upset and drained and foolish from letting myself get here. But I know I did it to try and make a new life for myself and make my own riches because I work very hard at things and often felt jobs I have had didn't give me the recurrence for my efforts. But perhaps that is partially the naive youth in me.

    Whatever my mood and emotion, the situation I am in is prevalent; and it needs dealing with. I can no longer allow my impatience to rule me, and instead need to commit to this process of financial freedom so I can live life without any chains as I have always wished. I've wasted my mid twenties focused on debt but then being impatient and not making long term progress... well no more I say. No more.

    Here we go savers, let's do this.
    My new 2017 Batman-like debt free diary (£26k+)!
Page 1
    • MrJester
    • By MrJester 12th Jun 17, 12:08 PM
    • 944 Posts
    • 428 Thanks
    MrJester
    • #2
    • 12th Jun 17, 12:08 PM
    • #2
    • 12th Jun 17, 12:08 PM
    So last night I downloaded and registered for the Moneybox app (moneyboxapp.com)

    It's designed to help you put money aside into a savings & investments ISA. It does things like rounds up pennies and takes the difference and put into the ISA, you can also add extra money onto that too.

    I've set it up to take money each week, and I plan to at the end of every month take whatever money is saved up and then throw it at one of my debts.

    I feel like this could be a neat way of me a) saving without noticing it b) consistently having money aside to throw at said debt c) get used to the habit of having these extra money taken and put aside so I don't need to think about it much myself.
    My new 2017 Batman-like debt free diary (£26k+)!
    • Hiddenidenity
    • By Hiddenidenity 12th Jun 17, 12:11 PM
    • 4,737 Posts
    • 20,570 Thanks
    Hiddenidenity
    • #3
    • 12th Jun 17, 12:11 PM
    • #3
    • 12th Jun 17, 12:11 PM
    Hello

    Brave enough to post a soa?

    Good luck
    DFW £1313.71/£7348.71 Rent Arrears £466.28/£3381.28

    Rock bottom became the solid foundation on which I rebuilt my life.
    • sauceoclock
    • By sauceoclock 12th Jun 17, 3:01 PM
    • 755 Posts
    • 689 Thanks
    sauceoclock
    • #4
    • 12th Jun 17, 3:01 PM
    • #4
    • 12th Jun 17, 3:01 PM
    Hey man!

    So sorry to hear about what you’ve been going through. I know too well that a job can get you feeling so awful and miserable that it does feel hopeless. Sorry to hear about the business too, it happens all too frequently… In terms of your defaulted balances, have you spoken to the lenders to arrange a payment plan or are you going to try and lump sum satisfy them?

    Are you on any benefits etc. whilst you’re looking to help tide you over?

    I thoroughly recommend www.usertesting.com if you need to make some extra cash, it’s legitimate and pays out in to paypal. If you’re twiddling your thumbs it’s a good way to make some living money (I often do it if I have a big bill to pay that I wasn’t expecting etc.), if you can get accepted to be a mobile tester too you get a higher fee per test and they send you a high quality and expensive camera to film the tests with. It’s a bit awkward doing it at first but now I find them easy. Just means you need the website open to listen out for the tests when they come up.

    I also recommend www.consumerpulse.co.uk if you can sign up and get accepted as a member. It’s such a quick way to earn vouchers, it’s not like these other swagbuck type things where you spend hour and hours for a £5 voucher. I make about £200 in high street vouchers a year from it!

    Are you still renting or are you living with friends/family atm?
    Loan (overpaying): £3,600 £3,093.60
    Car Insurance: £550.82 £410.82
    Credit Card: £781
    Car PCP: £11,450 £10,665.54
    • MrJester
    • By MrJester 12th Jun 17, 4:49 PM
    • 944 Posts
    • 428 Thanks
    MrJester
    • #5
    • 12th Jun 17, 4:49 PM
    • #5
    • 12th Jun 17, 4:49 PM
    Hello

    Brave enough to post a soa?

    Good luck
    Originally posted by Hiddenidenity
    I can, sorta. It's complicated a bit because I have my finances then my biz still has some money left in it and the finances for that side of things are completely separate so bear in mind the Biz loan repayments are being paid for by whatever is left of the biz loan itself - but it wont last much longer.

    Statement of Affairs and Personal Balance Sheet

    Monthly Income Details

    Monthly income after tax................ 0
    Partners monthly income after tax....... 0
    Benefits................................ 710
    Other income............................ 0
    Total monthly income.................... 710


    Monthly Expense Details

    Mortgage................................ 0
    Secured/HP loan repayments.............. 0
    Rent.................................... 688
    Management charge (leasehold property).. 0
    Council tax............................. 0
    Electricity............................. 0
    Gas..................................... 0
    Oil..................................... 0
    Water rates............................. 0
    Telephone (land line)................... 0
    Mobile phone............................ 25
    TV Licence.............................. 0
    Satellite/Cable TV...................... 0
    Internet Services....................... 0
    Groceries etc. ......................... 150
    Clothing................................ 0
    Petrol/diesel........................... 0
    Road tax................................ 0
    Car Insurance........................... 0
    Car maintenance (including MOT)......... 0
    Car parking............................. 0
    Other travel............................ 60
    Childcare/nursery....................... 0
    Other child related expenses............ 0
    Medical (prescriptions, dentist etc).... 0
    Pet insurance/vet bills................. 0
    Buildings insurance..................... 0
    Contents insurance...................... 0
    Life assurance ......................... 0
    Other insurance......................... 0
    Presents (birthday, christmas etc)...... 0
    Haircuts................................ 25
    Entertainment........................... 20
    Holiday................................. 0
    Emergency fund.......................... 0
    Total monthly expenses.................. 968



    Assets

    Cash.................................... 0
    House value (Gross)..................... 0
    Shares and bonds........................ 0
    Car(s).................................. 0
    Other assets............................ 0
    Total Assets............................ 0


    No Secured nor Hire Purchase Debts


    Unsecured Debts
    Description....................Debt......Monthly.. .APR
    Biz Loan.......................20000.....420.......0
    MBNA...........................4500......0........ .0
    Barclaycard....................2000......1........ .0
    Family/Friends.................1000......0.........0
    Total unsecured debts..........27500.....421.......-



    Monthly Budget Summary

    Total monthly income.................... 710
    Expenses (including HP & secured debts). 968
    Available for debt repayments........... -258
    Monthly UNsecured debt repayments....... 421
    Amount short for making debt repayments. -679


    Personal Balance Sheet Summary
    Total assets (things you own)........... 0
    Total HP & Secured debt................. -0
    Total Unsecured debt.................... -27,500
    Net Assets.............................. -27,500


    Created using the SOA calculator at www.stoozing.com.
    Reproduced on Moneysavingexpert with permission, using other browser.
    Last edited by MrJester; 12-06-2017 at 9:32 PM.
    My new 2017 Batman-like debt free diary (£26k+)!
    • MrJester
    • By MrJester 12th Jun 17, 5:03 PM
    • 944 Posts
    • 428 Thanks
    MrJester
    • #6
    • 12th Jun 17, 5:03 PM
    • #6
    • 12th Jun 17, 5:03 PM
    Hey man!

    So sorry to hear about what youíve been going through. I know too well that a job can get you feeling so awful and miserable that it does feel hopeless. Sorry to hear about the business too, it happens all too frequentlyÖ In terms of your defaulted balances, have you spoken to the lenders to arrange a payment plan or are you going to try and lump sum satisfy them?

    Are you on any benefits etc. whilst youíre looking to help tide you over?

    I thoroughly recommend www.usertesting.com if you need to make some extra cash, itís legitimate and pays out in to paypal. If youíre twiddling your thumbs itís a good way to make some living money (I often do it if I have a big bill to pay that I wasnít expecting etc.), if you can get accepted to be a mobile tester too you get a higher fee per test and they send you a high quality and expensive camera to film the tests with. Itís a bit awkward doing it at first but now I find them easy. Just means you need the website open to listen out for the tests when they come up.

    I also recommend www.consumerpulse.co.uk if you can sign up and get accepted as a member. Itís such a quick way to earn vouchers, itís not like these other swagbuck type things where you spend hour and hours for a £5 voucher. I make about £200 in high street vouchers a year from it!

    Are you still renting or are you living with friends/family atm?
    Originally posted by sauceoclock
    Hey sauce, thanks for dropping in. Thanks for your kind words.

    So MBNA and Barclaycard have been aware for a few months now that I am not earning so therefore I cannot pay them. MBNA agreed £0, and Barclaycard agreed £1; however this does not stop them from adding defaults on my credit and Bcard have already done that and MBNA probably as well soon.

    I've actually been on benefits for the last year on something called a "startup year" when basically they give you a break to give you time to get off the ground but that hasn't happened so I think a bit more time and they'll be dropping hard on me. The amount I get affectively pays my rent but living expenses have been coming out of my biz loan to stay afloat.

    Thanks for the recommendation, I've just given usertesting a go and sent off the first video that's pretty easy for me and I'm good at web design so I'm sure they'll like having me. I may try out the 2nd one, but I don't actually buy a lot of stuff but will keep it in mind.

    I'm still in the same place in London, renting. The rent went up a little bit this year but not too much to whinge about. Like I said my rent is paid for, it's just trying to get enough money to a) eat comfortably b) start paying my debts off and c) maybe enjoy myself once in a while.

    This week I need to get my biz finances in order, I just basically need to reconcile all the transactions from recently so I'm ahead with that and my accountant can sort the taxes which will probably be straightforward as I've basically earned zero. It's amusing as HMRC have told me recently I owe them money for one tax year whereas I'm definitely owed tax from the year just gone.
    Anyway just need to get on with that whilst applying for jobs..

    Forgot to mention also I'm doing a training course to aid my efforts in working for myself again one day, but other than this training course am going to do so in a manner that doesn't cost a lot of money to obtain and sustain customers - which is where I went wrong before. It's something that I hope to be able to do part-time/evening/weekends as its working directly with people, and eventually might mean I can once again return to it full time as I build up a big enough client base. Keep the hope
    My new 2017 Batman-like debt free diary (£26k+)!
    • Bobarella
    • By Bobarella 12th Jun 17, 8:44 PM
    • 10,467 Posts
    • 69,397 Thanks
    Bobarella
    • #7
    • 12th Jun 17, 8:44 PM
    • #7
    • 12th Jun 17, 8:44 PM
    Good luck Mr Jester. I love that quote too. So inspiring.
    " 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
    • SkintTeacher
    • By SkintTeacher 12th Jun 17, 10:12 PM
    • 323 Posts
    • 1,871 Thanks
    SkintTeacher
    • #8
    • 12th Jun 17, 10:12 PM
    • #8
    • 12th Jun 17, 10:12 PM
    best of luck on your journey
    I know you're not in a position currently to look at how you spend 'extra' cash, but it might be worth examining before you start earning again as often it's the attitude we have towards money that creates debt,
    Rather than ' not having enough money '.

    hopefully that makes sense, it's something I've had to do (and still struggle to do on a daily basis!
    • MrJester
    • By MrJester 12th Jun 17, 10:30 PM
    • 944 Posts
    • 428 Thanks
    MrJester
    • #9
    • 12th Jun 17, 10:30 PM
    • #9
    • 12th Jun 17, 10:30 PM
    best of luck on your journey
    I know you're not in a position currently to look at how you spend 'extra' cash, but it might be worth examining before you start earning again as often it's the attitude we have towards money that creates debt,
    Rather than ' not having enough money '.

    hopefully that makes sense, it's something I've had to do (and still struggle to do on a daily basis!
    Originally posted by SkintTeacher
    Hey. Absolutely right there, it's the attitude. Too often even when I haven't had money to spend I have spent it.

    Recently I've done just that too with my biz loan taking probably more than I should have for my living costs. I worked hard but I could have definitely spent a lot less of it on myself. I didn't go nuts buying clothes (seriously) but mainly eating out a lot, socialising type things. I also have a think about tech, which I need to curb so that would be the main thing I can randomly spend a chunk of money on.
    I know it's important to be honest with myself about these things, that way I'll be better about my choices in the future.

    Right now I have zero extra cash, it's negative if anything. So I know I need to secure consistent work/income soonish. Even if it's not a whole lot where I'd want to be, I need a starting point. I generally have very low expense, I don't believe you have to spend a lot of money to enjoy yourself/life. So that's a good starting point if I can just curb my few indulgences (tech, eating out/takeaways mainly).

    I want to commit to, whatever income I can get, being very strict with myself about how much of it is disposable for myself and what is disposable for debts with a heavy sway towards the latter. I think a common fault with tackling debt that I have had, and many others seem to have, is this thinking that "in 3 months it'll change positively so right now I don't have to tackle it quite so much"... that kind of thinking is what keeps you in debt for years. "When I get that promotion I can tackle it", "when I get that bonus", "as soon as I move to a cheaper place"... the time is NOW!
    My new 2017 Batman-like debt free diary (£26k+)!
    • MrJester
    • By MrJester 13th Jun 17, 2:59 PM
    • 944 Posts
    • 428 Thanks
    MrJester
    Went to the sainsbo's to get some food for lunches and couple other bits. Spent £13. Got the cheap laundy detergents for colours and softener; I still have stuff for whites. You gotta do what you gotta do! I'm sure I've used them before too and not had much bother with them, to me if the stuff is washed then it's washed.. I don't own anything that nice anyway that I don't want to ruin.

    Going round to my girlfriends later so should just have a chilled eve. In the meantime I have my accounts to do - fun!
    My new 2017 Batman-like debt free diary (£26k+)!
    • sauceoclock
    • By sauceoclock 14th Jun 17, 10:04 AM
    • 755 Posts
    • 689 Thanks
    sauceoclock
    Have you considered going to LIDL or ALDI (perhaps there isnít one nearby)? I spend significantly less on groceries since I got in the habit 2 years ago. Their own brand laundry detergents etc. are also completely fine and sooooo much cheaper than other brands. I buy name brand fabric softener when it is on sale and just use LIDLís own detergent, washing still smells fab! TBH I find Sainsburyís horribly expensive!

    Hope you had fun with your girlfriend!
    Loan (overpaying): £3,600 £3,093.60
    Car Insurance: £550.82 £410.82
    Credit Card: £781
    Car PCP: £11,450 £10,665.54
    • MrJester
    • By MrJester 15th Jun 17, 1:54 PM
    • 944 Posts
    • 428 Thanks
    MrJester
    Have you considered going to LIDL or ALDI (perhaps there isnít one nearby)? I spend significantly less on groceries since I got in the habit 2 years ago. Their own brand laundry detergents etc. are also completely fine and sooooo much cheaper than other brands. I buy name brand fabric softener when it is on sale and just use LIDLís own detergent, washing still smells fab! TBH I find Sainsburyís horribly expensive!

    Hope you had fun with your girlfriend!
    Originally posted by sauceoclock
    I just did a google maps search and there is an ALDI about a 20 minute bus ride away, which would be a bit of a pain and not sure I'd be all that consistent with it. We do have an Iceland nearby, which does have some good prices on certain things (I think; can't say I've done a price comparison) but I don't trust it for meats etc nor the local Tesco as they both seem to have really crappy hygiene standards; I have been food poisoned from both, the Tesco multiple times and refuse to shop there now. The Sainsbury's though tends to be OK as it's a large store.

    So, realistically, I could probably do an Iceland|+Sainsbury's shop day once a week where I get things I need from Iceland first with whatever they have on my list (with some exclusions) and then go to Sainsbury's for anything else I don't find in there.

    It actually consistently winds me up how bad the hygiene of these places are, I'm in North London, comparitively with back where I'm originally from where the ALDI there is amazing food, amazing value consistently. Even just looking at the fruit and veg out on shelves between here and back home is far different in quality

    Anyway updates updates..

    My mindset is definitely shifting back to saving money mode. It hasn't been like that for a while but need to practice it to bring it back into norm. I spent about £6 on tuesday for a meal, about £7 yesterday on food, then I went to a free food and drinks eve and didn't pay for any beers or anything but then spent about £3.50 on a mcdonalds whilst a tad tipsy on the way home.

    Last year I decided I wanted to go glastonbury and it's come around now, its next week. Once you paid the deposit you pretty much lose most of that unless you buy the full ticket so once I started it I felt invested even though if I could have backed out easier I would have. But I'm committed to it, so I just need to try and make it as cheap of an event as possible.

    The ticket for it is paid for, my train there and back is paid for, but I don't have anything I need for the event itself except wellingtons. So I need to buy pretty much everything else still; tent, sleeping bag, etc etc. I'd be able to save a lot with borrowing stuff if I was back home, but being in London I don't have quite the same available to me (e.g. lots of freinds and family around to easily borrow things from) but in saying that I may try and extend to people I know here to try and get as much of the stuff I need to borrow; and check out the local charity shops for things like torches, big backpack.. maybe even a tent if I'm lucky

    I worked out with an Amazon list it will cost me about £160 to get everything I need; and that's the minimum stuff no frills. I obviously don't want to spend this, even though it would be the easier thing. Might just post on facebook to see if anyone has things to offer.

    On the PLUS side; I found out last night a friend is actually working a food tent at glastonbury which means FREE FOOOOOOOOD saving probably £5-10 per meal. He's working morning and evening, and said no doubt he can give me freebies. But people are sometimes just saying things to be nice.. so we will see. In terms of alcohol I am planning on taking some huge water bottles and filling them with gin + tonic so I don't have to spend much on alcohol there which is easily £5 minimum a drink. Going to try make this a minimum spend as possible its just going to be hard
    My new 2017 Batman-like debt free diary (£26k+)!
    • sauceoclock
    • By sauceoclock 15th Jun 17, 2:56 PM
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    • 689 Thanks
    sauceoclock
    Ah well at least Glastonbury will be fun! I know loads of people who didnít get tickets this year when traditionally they go each time the fest is on! Youíre right that festivals arenít cheap, are you going with friends who could potentially split a tent or something with you? Good thing youíve got your wellies! Poundland had torches last year, yes theyíre not the 3 million candle ones but £1 is better than £10!! You can also go to the Glastonbury tesco (famed for itís mountains of crates), yes itíll busy and thereíll be queues but cheaper to load up on supermarket food than festival food as the going rate is so expensive as their space rental is so high. Next year maybe you could work the festival and youíll have all the stuff too. Donít beat yourself up, you can go and enjoy yourself, sometimes you just have to say life is too short. Youíll just reign it in again afterwards.
    Loan (overpaying): £3,600 £3,093.60
    Car Insurance: £550.82 £410.82
    Credit Card: £781
    Car PCP: £11,450 £10,665.54
    • MrJester
    • By MrJester 15th Jun 17, 8:31 PM
    • 944 Posts
    • 428 Thanks
    MrJester
    I have a local pound place and they have a camping section I noticed a while ago because of the fest season so I'm very likely going to pop there and get some cheapo things like yes torches, I literally just need stuff for these 5 days and then I'll be done with them and so it'll be give to charity or etc.

    I am going to try and get as much gear I need from friends etc. When you say Glastonbury tesco is that near the fest? Do you know if you can just keep going back to it i.e. leave the fest pop to tesco then back again

    I'm not much into fests 'cause I like my sleep haha and this will be my first proper fest I just don't want to come back wishing I hadn't gone so don't want to spend a load of cash and feel like crap when I return ha. I have a feeling I'll do it this once and unlikely again haha.

    Cheers, yeah you're right it is something I'd like to experience once and then I'll get back to everything. I don't really take breaks very often and don't like to but hey ho will get somewhere.

    Did a bit of charity work this evening which was fun, like to make use of my time for something positive.
    My new 2017 Batman-like debt free diary (£26k+)!
    • MrJester
    • By MrJester 16th Jun 17, 1:15 PM
    • 944 Posts
    • 428 Thanks
    MrJester
    RESULT.

    I swallowed my pride and asked a bunch of people if they had camping gear; to my surprise my housemate has stuff I can borrow, my gf might have some stuff, and a post on facebook resulted in 4 people offering items too. I am literally going to save £££!
    My new 2017 Batman-like debt free diary (£26k+)!
    • MrJester
    • By MrJester 17th Jun 17, 9:31 PM
    • 944 Posts
    • 428 Thanks
    MrJester
    I've been invited to signup to this new scheme in London, it's £30 per month and you get a bike then gets insured for theft, a lock, and free maintenance. They get their profits mainly from partnerships with businesses who advertise on the bikes, so it's kind of a win-win.

    I was weighing it up and I used to cycle London and was starting to miss it, and I spend probably £60+ a month on London travel. With a bike, I would start riding around a lot more. London has places to lock your bike all over the place so it really is pretty decent for it. So my hope is the £30 per month will just pay for itself in free travel.
    Especially over the summer it's so much nicer to be on a bike than stuck on a bus or in a tube!

    I'll try it out anyway for a month or two and leave it behind if I don't use it enough.
    My new 2017 Batman-like debt free diary (£26k+)!
    • sauceoclock
    • By sauceoclock 19th Jun 17, 4:03 PM
    • 755 Posts
    • 689 Thanks
    sauceoclock
    Great news about the borrowing of camping gear. Yes you can leave the fest and go back in, the tesco toilets are quite renowned so don’t count on them being nice and think you’ll do a loo trip at the same time! It’s also a bit of a trek so plan wisely and take a strong bag with you. Cycling scheme sounds good, if it’ll save you more than £30 a month on travel then why not give it a whirl tbh.
    Loan (overpaying): £3,600 £3,093.60
    Car Insurance: £550.82 £410.82
    Credit Card: £781
    Car PCP: £11,450 £10,665.54
    • MrJester
    • By MrJester 29th Jun 17, 11:46 PM
    • 944 Posts
    • 428 Thanks
    MrJester
    Hey. Just been catching up with life this week. Went to Glastonbury, I pretty much borrowed everything I needed, and spent about £150 whilst there - all mainly on food because it's pricey.

    Had a job interview this week, I should find out about that tomorrow.. with some other jobs also in the pipeline. Need to secure a job at least part time so I can keep up with everything I want to achieve as well as tackle debts.

    Got another trip coming up next week for a few days with my gf, shouldn't be much spending if we're clever about it.
    Also got my bike too, £30 per month and it should save me that on Oyster/TFL costs at least, then hopefully more as I get used to cycling around again.
    My new 2017 Batman-like debt free diary (£26k+)!
    • MrJester
    • By MrJester 15th Jul 17, 9:28 PM
    • 944 Posts
    • 428 Thanks
    MrJester
    Quick update.

    Went away for a weekend with gf, lovely time, some money spent. I'm at a point where I'm just getting by skin of my teeth type thing, I take money out of my business when I have to.. of which there is very little left.

    Tell ya its sometimes tricky when you have a relationship and you want to do stuff together. My gf is really understanding but still, sometimes I do just want to spend money so we can have a nice meal or pay an entry to something good. But thats not to say you cant do a lot of good stuff for free or cheap, so just need to focus on that mindset.

    I didn't get the job I went for, but came damn near close - they called me to let me know exactly how close. Too bad as it was very good money and it was only part time which suited me perfect. Gotta keep trying, especially for a job like this as it would leave me time to still pursue my other entrepreneurial endeavours.

    I have a part time job i can go to but its only ok money and is cruddy work but probably going to have to do that until i can get something better.

    generally my spending is low, ive decided to change up my diet quite a bit which is helping my spending habits too (most of the time). I'm also still using this "Moneybox" app, which rounds up spending amounts (the pennies) and puts it into savings/investment.
    I really like the whole approach of saving a little bit here and there, rather than doing things in chunks on a monthly basis. It's much harder to do the latter because its a more noticeable occurrence. So i'm saving weekly, little amounts, but at least it's happening.

    In terms of debts. They're still immovable objects until my circumstances change quite a bit. I've got a second default coming my way, cant do much about it, and just have to accept it. Sometimes it bothers me, sometimes not quite so much: The former because I have good earning potential with my experience, skills, and knowledge, and if I did things "by the books" and just worked 9-5 mon-fri like everyone else I could have got out of my previous debts - which now seem extremely small - and the latter because I dont really care about having credit. I don't want to play the credit switching game, I don't need credit for anything and the only thing in the future is a house/mortgage but if I ever get to that stage of having money for that (post-debts) then I expect to be on a serious amount of cash that I'll just be pocketing cash away so I need less and less of mortgage. I believe in - after years of back and forth - cold hard cash over credit any day.
    My new 2017 Batman-like debt free diary (£26k+)!
    • sauceoclock
    • By sauceoclock 31st Aug 17, 1:14 PM
    • 755 Posts
    • 689 Thanks
    sauceoclock
    I adopted the approach of not beating myself up about the fact I made some mistakes when I was 20/21 and no longer lose sleep over my debt or money. At the end of the day you have a roof over your head and food in your stomach so you’re richer than most people who populate the planet in a lot of ways, hey? I booked a holiday to Amsterdam last week, it’s about £600-£700 I could have paid off my debt but then, why can’t I go and see somewhere new just because I have a loan too?

    In terms of the defaults, I’m a mortgage adviser and tbh judging by the tone of your diary you aren’t going to be looking to buy a house in the next few years so these will likely not affect you if you manage to get them wiped/satisfied. I know it’s not for everyone but have you considered an IVA or a debt management plan? It might be a light at the end of the tunnel for you (not sure if you will be credit-checked for any roles you apply for, I would be for my job for instance, don’t take an IVA if that is the case), it can be expunged from your record in future and it shouldn’t affect you trying to get a mortgage if you reach that stage.
    Loan (overpaying): £3,600 £3,093.60
    Car Insurance: £550.82 £410.82
    Credit Card: £781
    Car PCP: £11,450 £10,665.54
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