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  • FIRST POST
    • dfw87
    • By dfw87 9th Jul 17, 5:36 PM
    • 132Posts
    • 145Thanks
    dfw87
    Debt Free Wannabe Teacher
    • #1
    • 9th Jul 17, 5:36 PM
    Debt Free Wannabe Teacher 9th Jul 17 at 5:36 PM
    Hello,
    I am hoping to use this as a spending diary to keep me on track in my mission to become debt free!
    I've used MSE's website and forum for years and years (despite getting further and further into debt!) and am finally starting my very own thread!
    I have been in debt for quite a while now but it is only now that I have had my 'lightbulb' moment and I am determined to shift this debt.
    I am 30 this month and have always dreamed of owning a house - sadly I am around £18k in debt and so this is just not a possibility for me... yet.
    My debt has been accrued over the past 7 years whilst I was at university and is completely my fault. I went to university as a mature student having worked for years on a good salary. I never settled into a student spending mindset and continued spending as if I was earning, using my credit card to help me out.
    Since university, my debt has spiralled and I have ended up with 2 over drafts (-£350 and -£1800) and 3 credit cards (all around £5k each). These credit cards have long since past their 0% interest days and I am struggling so much to pay off.
    Rather stupidly, I have never made any real attempt to cut down on my spending properly. I am very generous (sorry to toot my own horn!) and this has massively contributed to my debt. I like to buy family and friends presents, trips away, meals etc and I spend as if I have much more money than I do.
    I have travelled (America and Eastern Europe) and this has added to my debt and I holiday once a year and usually have a city break. I also spend ridiculously on little things - popping to the shop to get salad and coming back with a trolley full!

    I already shop at Lidl and shop around for the best deals... but I still get into debt!

    So... I have had a horrible week confronting this debt and trying to find the best way out of it. I settled on a loan and was horrified to find that no one would lend to me. However, I finally told my Mum about my debts (this took a huge amount of bravery!) and she was so supportive. She is going to get a loan in her name (we have discussed the pros and cons in detail) and I am going to set up a DD for the amount each month.

    I am a teacher and sadly I am completely unable to get paid any overtime for the many hours that I do over what is expected so I have taken on a bar job which is just shifts as and when needed. I have also taken a break from my pension just for now - this will give me an extra £100ish a month and I have also discussed this in detail and thought about the pros and cons.
    I have made sure that my pet and car insurance is the lowest it can be (for good service) and everything else is already at its lowest. I will cancel my gym membership as soon as I can (a few more months) and I will cancel my phone contract when it is up for renewal.

    The main thing I can do to stop this ridiculous debt from spiralling is to stop shopping for clothes and food. I will use this page as a diary for my spending for the week!

    Please do let me know if you have any advice - I am more than willing to hear it!

    Thank you!
    Last edited by dfw87; 09-07-2017 at 9:14 PM.
Page 7
    • dfw87
    • By dfw87 2nd Oct 17, 6:29 PM
    • 132 Posts
    • 145 Thanks
    dfw87
    Today:

    Had to buy a couple of things to go with our dinner which weren't available when I did my food shop yesterday.

    Sold something on eBay for £15 and have sent off for another £3 SB voucher. Had a £1.50 PA survey when I get in from work which is very rare for me!
    Since 'lightbulb moment' on 9th July 2017:
    Loan: £1,670.25/£20,043.00 loan - 8.33%
    £2,660.00 in savings
    • dfw87
    • By dfw87 4th Oct 17, 9:16 PM
    • 132 Posts
    • 145 Thanks
    dfw87
    Today...

    No spend day until I had to pop to Home Bargains and spent about £14... need to challenge myself to some NSDs I think!

    Had another £4 PA survey which is great!

    Yesterday I used a voucher I had to go to a sushi class at Yo Sushi with my bf. We only paid for drinks and ended up with enough sushi for dinner and then for today's lunch too!
    Since 'lightbulb moment' on 9th July 2017:
    Loan: £1,670.25/£20,043.00 loan - 8.33%
    £2,660.00 in savings
    • dfw87
    • By dfw87 7th Oct 17, 1:56 PM
    • 132 Posts
    • 145 Thanks
    dfw87
    My spending on things like clothes etc has improved so much since starting this diary, however I have started to slip again in to spending money on unnecessary food/drinks etc - need to stop that.

    Tomorrow I'll need to do a food shop and get petrol but then I aim to have as many NSDs as possible.

    Thinking that I will start my Christmas shopping for those that I know what I am buying... this will mean fewer NSDs but I will spread the Christmas costs out over 3 months rather than one.
    Since 'lightbulb moment' on 9th July 2017:
    Loan: £1,670.25/£20,043.00 loan - 8.33%
    £2,660.00 in savings
    • dfw87
    • By dfw87 8th Oct 17, 2:02 PM
    • 132 Posts
    • 145 Thanks
    dfw87
    Today I had to buy petrol (about £50) and my food shop (around £30) - will try to keep the rest of the week to no spend days if possible.
    Since 'lightbulb moment' on 9th July 2017:
    Loan: £1,670.25/£20,043.00 loan - 8.33%
    £2,660.00 in savings
    • dfw87
    • By dfw87 9th Oct 17, 5:47 PM
    • 132 Posts
    • 145 Thanks
    dfw87
    Today...

    I have REALLY tried today to have a NSD! I know it sounds ridiculous but on the way to work and on the way home I had to really persuade myself not to stop at the shop for some Diet Coke and chocolate! TOM is coming and with it are massive sugar cravings!

    However, I managed it!

    Tonight I am working a bar shift - just 3.5 hours but that's plenty after a long day at school.

    I have turned down loads of shifts recently and am wondering if that is the right thing to do. I initially said I would just do Monday-Friday shifts (these are rare) as it meant that I could still have my full weekends. It does mean that I am hardly getting any extra money in, but I am getting nice weekends. However, I wonder if I should maybe try to do at least one Saturday shift a month - it works out at about £50 which is handy... something for me to think about.

    A teaching job and a part time bar job don't go massively well together - a day with noisy kids and being on your feet doesn't go well with hours in a noisy bar, being on your feet!
    Since 'lightbulb moment' on 9th July 2017:
    Loan: £1,670.25/£20,043.00 loan - 8.33%
    £2,660.00 in savings
    • dfw87
    • By dfw87 10th Oct 17, 7:01 PM
    • 132 Posts
    • 145 Thanks
    dfw87
    £7.85 made on Prolific today... unheard of recently! Every little helps and I will wait until my balance is clear before requesting money... I have about £25 there at the moment.

    Nice day today with a course and a school trip. Left early as my foot was in agony - not sure what I have done but can hardly put any weight on it! Ouch!
    Since 'lightbulb moment' on 9th July 2017:
    Loan: £1,670.25/£20,043.00 loan - 8.33%
    £2,660.00 in savings
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 10th Oct 17, 7:25 PM
    • 658 Posts
    • 2,614 Thanks
    wishingthemortgaheaway
    That's an amazing day on prolific, I haven't had anything for days and days and day in fact, it feels like weeks.
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 Aug: £36,411.85 8/100 Sep: £35,945.66 10/100 Oct: £35,500 11/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • dfw87
    • By dfw87 11th Oct 17, 7:46 PM
    • 132 Posts
    • 145 Thanks
    dfw87
    Well, yesterday got even better for PA and I ended up with another 2 surveys! Today I had one emailed to me which was for £2.

    Good day today... BF bought us dinner from M & S - yum. Had enough to have it for lunch tomorrow too. SW not going well...!

    Made £8ish from eBay which I've popped into my savings straightaway.
    Since 'lightbulb moment' on 9th July 2017:
    Loan: £1,670.25/£20,043.00 loan - 8.33%
    £2,660.00 in savings
    • dfw87
    • By dfw87 12th Oct 17, 6:28 PM
    • 132 Posts
    • 145 Thanks
    dfw87
    I had another PA study last night - no idea where they are all coming from! I have a reading comprehension one which gave me £0.20 yesterday but will be £10 in total as there are another 3 related to it. I currently have £23.17 in my account with £5.40 pending. Lovely!

    I also just used my Spin & Win spins on SB and one of the things I won was double SB on my next search win - well my next search was worth 100SB! So, I got another 100SB free... brilliant!

    I go through phases with SB. Sometimes I aim to do lots of surveys and sometimes I get fed up of constantly being kicked out of surveys after pretty much completing them... things like SWAGO are a good boost though so I am trying to get as much from that as possible. I'm almost there for another Amazon card - I just do £3 at a time but it all adds up.

    Off to Birmingham for the weekend which will be lovely but no doubt involve a few spends.
    Since 'lightbulb moment' on 9th July 2017:
    Loan: £1,670.25/£20,043.00 loan - 8.33%
    £2,660.00 in savings
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 12th Oct 17, 6:36 PM
    • 658 Posts
    • 2,614 Thanks
    wishingthemortgaheaway
    You are doing well on pa because I'm doing terribly, nothing for a fortnight.
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 Aug: £36,411.85 8/100 Sep: £35,945.66 10/100 Oct: £35,500 11/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • dfw87
    • By dfw87 12th Oct 17, 7:47 PM
    • 132 Posts
    • 145 Thanks
    dfw87
    You are doing well on pa because I'm doing terribly, nothing for a fortnight.
    Originally posted by wishingthemortgaheaway
    Hopefully they'll appear soon!
    Since 'lightbulb moment' on 9th July 2017:
    Loan: £1,670.25/£20,043.00 loan - 8.33%
    £2,660.00 in savings
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 12th Oct 17, 10:21 PM
    • 658 Posts
    • 2,614 Thanks
    wishingthemortgaheaway
    I hope so, as well as loving the free income, I find some of them really interesting.
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 Aug: £36,411.85 8/100 Sep: £35,945.66 10/100 Oct: £35,500 11/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • dfw87
    • By dfw87 15th Oct 17, 3:52 PM
    • 132 Posts
    • 145 Thanks
    dfw87
    Just got back from a lovely weekend in Birmingham - didn't really spend much, other than a couple of drinks and some cheap Ubers.

    I finished a PA study that I was involved with that paid out £10 so I've just cashed out £33 ish which is great! Got about £6 still waiting to be approved but that can wait til next payout.

    I didn't realise Swago ended today so I am just quickly completing the easy things... visiting stores from my mobile etc - the spins are sometimes quite useful!

    I got my updated Credit Club report today - credit score is going up. I am now up to 963/999 - I can't remember what it was before but I am now in the 'excellent' category. This doesn't reflect the debt I have as that is in my Mum's name (she took out a loan for me as I couldn't get one and this is the only way I could clear the debt). I still have a very low credit hit rate as I applied for a few loans/credit cards just before my Mum helped me out.

    I've really struggled with Slimming World and saving this month - I will still have saved money but not as much as I would have liked. The two things have gone hand in hand... I really struggle with binge eating and have ended up spending lots of money when doing this.

    Need to just get back in control!!
    Since 'lightbulb moment' on 9th July 2017:
    Loan: £1,670.25/£20,043.00 loan - 8.33%
    £2,660.00 in savings
    • db2016
    • By db2016 15th Oct 17, 11:00 PM
    • 53 Posts
    • 183 Thanks
    db2016
    just read diary from beginning to end, well done on the savings and the being able to cover emergencies like the car, a lot of people here say sort a £1000 Efund.

    speaking of the car i noticed you say you put £50 in it.

    its worth looking into how much volume you put in and use, as the volume aka the litres / gallons doesnt change but the price of it does! reset the trip computer and do some easy maths for your work travel / usual travel.

    also if you fill it up every time you go, your in effect paying to lug around a full tank and thus it will cost more, maybe only slightly each week, but it would probably add up to a full "free" tank a year maybe, if you only filled up half etc, if you think about the extra weight of "convenience" i suppose. same as if you have a boot full of gear
    • dfw87
    • By dfw87 16th Oct 17, 9:05 PM
    • 132 Posts
    • 145 Thanks
    dfw87
    just read diary from beginning to end, well done on the savings and the being able to cover emergencies like the car, a lot of people here say sort a £1000 Efund.

    speaking of the car i noticed you say you put £50 in it.

    its worth looking into how much volume you put in and use, as the volume aka the litres / gallons doesnt change but the price of it does! reset the trip computer and do some easy maths for your work travel / usual travel.

    also if you fill it up every time you go, your in effect paying to lug around a full tank and thus it will cost more, maybe only slightly each week, but it would probably add up to a full "free" tank a year maybe, if you only filled up half etc, if you think about the extra weight of "convenience" i suppose. same as if you have a boot full of gear
    Originally posted by db2016
    Thanks for the advice! I had thought about the full tank of petrol thing before... I'll consider it. I have to say I love just having a tank that lasts two weeks and not having to think about it. I guess that's the convenience!
    Since 'lightbulb moment' on 9th July 2017:
    Loan: £1,670.25/£20,043.00 loan - 8.33%
    £2,660.00 in savings
    • dfw87
    • By dfw87 19th Oct 17, 8:05 PM
    • 132 Posts
    • 145 Thanks
    dfw87
    A very, very, VERY busy week! We have had parent's evenings until 6 every evening this week and so I haven't had a chance after school to mark/plan etc which has just meant the most stressful week. At least next week is half term... although I'll probably spend half of that catching up now!

    I cashed out about £33 from PA which was great and I am close to another £3 Amazon voucher on SB. Loving the look of my savings in my sig at the moment - almost £1700.

    I definitely haven't been as good as I could with saving this month, however I am hoping to still have an extra £100ish at the end of month, plus what I have already added into my savings throughout the month.

    I bought my Mum's Christmas present the other day which is a pair of wellies from Joules - with a discount code I found, it cost me about £40 - glad I've got that cost out of the way now before Christmas. I spend the most on my Mum and my BF so just his to get sorted and then everyone else is about £20 or less.

    Really looking forward to having the week off...I need it!
    Since 'lightbulb moment' on 9th July 2017:
    Loan: £1,670.25/£20,043.00 loan - 8.33%
    £2,660.00 in savings
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 19th Oct 17, 9:55 PM
    • 658 Posts
    • 2,614 Thanks
    wishingthemortgaheaway
    Till 6 every evening?
    Are you in a maintained school? I'm not sure how they can fit that into your directed hours.

    Sometimes Schools make me so cross....
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 Aug: £36,411.85 8/100 Sep: £35,945.66 10/100 Oct: £35,500 11/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • dfw87
    • By dfw87 19th Oct 17, 10:09 PM
    • 132 Posts
    • 145 Thanks
    dfw87
    Till 6 every evening?
    Are you in a maintained school? I'm not sure how they can fit that into your directed hours.

    Sometimes Schools make me so cross....
    Originally posted by wishingthemortgaheaway
    Doesn't fit in to our directed hours at all! We are now part of an academy trust, however this is what has always happened. Parent's evenings from 3:45-6, Monday to Thursday. I book one 15 min slot out as a break but parents always run over so this ends up being taken up. We also never really finish til at least 6:15 too. It is absolutely exhausting and you end up getting in extra early and using your lunch breaks to mark/plan and are still behind.

    Just one of the MANY problems!
    Since 'lightbulb moment' on 9th July 2017:
    Loan: £1,670.25/£20,043.00 loan - 8.33%
    £2,660.00 in savings
    • dfw87
    • By dfw87 20th Oct 17, 8:19 PM
    • 132 Posts
    • 145 Thanks
    dfw87
    Well I made it! I've had to bring home 64 books which have 5 pieces of work to mark altogether... so 320 pieces of work to mark over the holidays... yeah teachers get it easy!

    Add to that the ridiculous amount of planning I have...

    My plan is to try to get that done tomorrow... I'll have a proper lie in (much needed) and then try to treat it as if it is a normal work day and just smash out all the work! That's the plan anyway!
    Since 'lightbulb moment' on 9th July 2017:
    Loan: £1,670.25/£20,043.00 loan - 8.33%
    £2,660.00 in savings
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 21st Oct 17, 7:08 AM
    • 658 Posts
    • 2,614 Thanks
    wishingthemortgaheaway
    Good luck with the planning and marking today.
    Teaching is hard, and getting harder.
    Enjoy your rest when you get it.
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 Aug: £36,411.85 8/100 Sep: £35,945.66 10/100 Oct: £35,500 11/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
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