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  • FIRST POST
    • missmental123
    • By missmental123 24th Jul 17, 9:45 AM
    • 51Posts
    • 145Thanks
    missmental123
    Desperately seeking freedom :)
    • #1
    • 24th Jul 17, 9:45 AM
    Desperately seeking freedom :) 24th Jul 17 at 9:45 AM
    I have been in debt all my adult life I have been on here before in 2010 and reduced my debt significantly by PPI claims and stopping spending. I am now 52 years old and I'm in a bit of a mess financially. I am completely useless with money. I have one loan and three credit cards and overdraft. Our mortgage will be paid off in 2019.
    DS is at university in 5th year studying medicine and is one of my largest expense £400 + a month. He gets a bursary & small loan this year that don't even cover his rent.
    All my debt is mine, DH is unconnected to my finances. I am a nurse and work full time and earn approx £2400 a month with shift allowances with occasional overtime on top.
    I know my problems is overspending. I love holidays, festivals, going to gigs, nights out and weekends away. We need to start spending money on the house, bathroom & kitchen replacement etc in the future.
    We only have one holiday booked in Berlin in August that is paid for and a few gigs in the winter months. Apart from that I'm trying to spend as little as I can to reduce this debt.

    My current debts are;

    CC1 £4,335.75 - 0% til 04/18
    CC2 £1,055.18 0% til 04/19
    CC3 £7,273.58 0% til 04/19
    Loan - £10,042 - finishes March 2020
    Overdraft £1100
    Total: £23,806.33


    *I aim to get out of this mess by paying £900 off my debts a month. I have completed a snowball
    *I plan to pay the credit cards off by Feb 2019.
    *I am setting a weekly cash budget and will write all my expenditures in a cash book.
    *No more spending on credit cards.

    I am hoping that posting regularly in this diary will keep me focused and on track to freedom from my debts!
    Thanks for reading
Page 3
    • missmental123
    • By missmental123 28th Sep 17, 8:48 AM
    • 51 Posts
    • 145 Thanks
    missmental123
    Car update...
    Just catching up. You've done amazingly so far.
    Originally posted by Mummy_bear
    Thanks Mummy _bear for your support. It is tough going but I'm seeing it as short term pain, long term gain.

    I've been dreading taking my Beetle for it MOT, but it passed. It did end up costing me £250 for the MOT, a service and brake fluid change and I will need to save up for 2 tyres & cam belt but overall not a bad outcome.

    I have been shopping around for my car insurance on compare the market, LV had quoted me £399. I've managed to get the same cover plus breakdown home & recovery for £337! I paid £90 last year for RAC breakdown separately, so it's a total saving of about £160! which is amazing. It would have been cheaper if I could have paid upfront but I had to pay monthly this time.

    I'm trying to keep a close eye on my bank accounts during the switch to fro RBS to FD. It's very scary!! I have opened 2 savings accounts and hopefully after the switch I may be able to save a bit towards my emergency fund that currently stands at £1

    I have got a couple of nice days to look forward to- Today, I'm going to the gym (body pump), shopping at ALDI and meeting a friend tonight. Tomorrow night , DH are meeting friends to see an ACDC tribute band. Can't drink a lot, cos I'm at work at 7.30 Saturday morning!
    Total: Debt July '17 -£23,806.33 - now
    -£20,250 (14.9 % paid)
    • missmental123
    • By missmental123 3rd Oct 17, 4:43 PM
    • 51 Posts
    • 145 Thanks
    missmental123
    Feeling down & absolutely rubbish... I nearly passed out at the dentist today after having the local anaesthetic! I've had a very sensitive molar for a few months that progressively got worse & my dentist has removed the filling today to reveal a fracture through my tooth. It took forever to numb it up for her to even touch it. She is going to try & save it but the prognosis is very poor. So it looks like I may have to have it extracted on Friday. Good job I kept my Denplan payments as this treatment would have been costly and I may need a bridge in the future. I'm scared to death of having an extraction! I used to be a dental nurse so I know that they can be horrific!

    On the bright side, my RBS bank accounts are cancelled tomorrow and my accounts transfer over to FD! I am in the black! Hopefully, I may have a little bit spare to put into a savings account this month towards my emergency fund.

    I also have a new 0% credit card (17 months) for purchases that I plan to use for absolute emergencies only or to pay off immediately.

    I have one extra night shift this month! I hate nights but I like the getting the extra cash to pay some debts off.
    Total: Debt July '17 -£23,806.33 - now
    -£20,250 (14.9 % paid)
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 3rd Oct 17, 5:09 PM
    • 2,268 Posts
    • 10,900 Thanks
    HairyHandofDartmoor
    Ouch your tooth sounds painful, hope you get it sorted soon one way or the other. I've never heard of a tooth fracture

    You're doing well on the debt front anyway.
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt in July 2017 = £58,766 DEBT FREE 31 October 2017
    NEW GOALS - Build an Emergency Fund & Loss of Income Fund
    Emergency Fund 1 = £818/Emergency Fund 2 = £203.76
    • missmental123
    • By missmental123 6th Oct 17, 8:33 AM
    • 51 Posts
    • 145 Thanks
    missmental123
    Nothing much to report as I have been at work for the past 2 days but now I'm off until Monday night!

    My switch of bank accounts seems to have gone smoothly but no direct debits have left the new account yet so I'm still a bit worried about the whole process. still I have called First Direct and they assure me that it will all run smoothly!

    I have paid another 1% of debt of to CC3 £172.80 this week so have adjusted my signature

    I have been a bit reckless over past 2 days at work, buying nuts, sandwiches (only £8) from M&S food at work, generally because I'm feeling rubbish on these antibiotics and cocodamol. However, I have been recording this in my spending app. Hopefully, after today's visit to the dentist I will start to feel a bit better and get back to my organised self of taking fruit & my own lunches.

    My sister is coming to the dentist appointment today I really do hope that I can avoid having my tooth out! I feel like such a baby.
    Total: Debt July '17 -£23,806.33 - now
    -£20,250 (14.9 % paid)
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 6th Oct 17, 9:08 PM
    • 2,268 Posts
    • 10,900 Thanks
    HairyHandofDartmoor
    I hope the dentist trip wasn't too traumatic. Personally I think root fillings are much worse than it was when I had my wisdom teeth out .
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt in July 2017 = £58,766 DEBT FREE 31 October 2017
    NEW GOALS - Build an Emergency Fund & Loss of Income Fund
    Emergency Fund 1 = £818/Emergency Fund 2 = £203.76
    • missmental123
    • By missmental123 9th Oct 17, 12:49 PM
    • 51 Posts
    • 145 Thanks
    missmental123
    Debt payments today!
    We had a busy weekend...managed to put a new door handle on the kitchen door that's been broken fro ages! It cost £3!

    Been out for two meals but DH paid for them so I've more or less had a good weekend on the spending front.

    Today, I've had 2 direct debits go out - £100 to CC2 & £286.91- to my loan. At work n nights this weekend, so no hopefully no spending.
    Total: Debt July '17 -£23,806.33 - now
    -£20,250 (14.9 % paid)
    • missmental123
    • By missmental123 10th Oct 17, 2:01 PM
    • 51 Posts
    • 145 Thanks
    missmental123
    Dentists!
    I hope the dentist trip wasn't too traumatic. Personally I think root fillings are much worse than it was when I had my wisdom teeth out .
    Originally posted by HairyHandofDartmoor
    I used to be a dental nurse over 30 years ago so I shouldn't really be frightened!! I'm such a scaredy cat these days!
    Total: Debt July '17 -£23,806.33 - now
    -£20,250 (14.9 % paid)
    • missmental123
    • By missmental123 12th Oct 17, 10:55 PM
    • 51 Posts
    • 145 Thanks
    missmental123
    I finished my run of three night shifts this morning , slept till lunchtime then cleaned the house up a bit. Logged onto my FD app and discovered they have credited my £100 joining incentive! I wasn't expecting it so quickly! What a lovely surprise! but then checked my emails and Sainsbury's energy sent me another final bill after switching in August.this time for £37. I called them and they told me this is according to the meter readings they received from Engie. So then, I call Engie and there somehow has been an error with the electricity readings. So, it seems that I have overpaid Sainsbury's lots and hopefully will be due for a refund?
    I've also made inquiries about PPI from three previous mortgage providers. I doubt it will come to anything but you never know!
    Looking forward to a nice couple of days off. DS is home from uni tomorrow night for the weekend & he is an excellent chef! Lots of yummy food & cakes!
    I'm working an extra shift on Sunday for some extra cash because I'm so desperate to get my debt sub £20k .
    Total: Debt July '17 -£23,806.33 - now
    -£20,250 (14.9 % paid)
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 14th Oct 17, 5:45 PM
    • 2,268 Posts
    • 10,900 Thanks
    HairyHandofDartmoor
    Good news about the £100 joining reward

    Good luck with the PPI claims. DH and are thinking of putting some PPI claims in but I need to read up about it first as I'm not sure how you do it.
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt in July 2017 = £58,766 DEBT FREE 31 October 2017
    NEW GOALS - Build an Emergency Fund & Loss of Income Fund
    Emergency Fund 1 = £818/Emergency Fund 2 = £203.76
    • AleMrsT
    • By AleMrsT 15th Oct 17, 10:45 AM
    • 552 Posts
    • 1,367 Thanks
    AleMrsT
    Good news about the £100 joining reward

    Good luck with the PPI claims. DH and are thinking of putting some PPI claims in but I need to read up about it first as I'm not sure how you do it.
    Originally posted by HairyHandofDartmoor
    There is loads of help and advice on here, I recently convinced OH to do his, he did it all through resolver as recommended on here, so far he's had just over £1000 back and is still waiting to hear the outcome of the last claim. Well worth doing, he did have the account numbers for two of them but not the others.
    Debt @ LBM Nov 2014 £7586.85 Jan 2015 £7202.85 now £4348.60 (£2854.25 PAID)
    Italy 2018 £2103.44 now £0 (Thanks PPI!)
    Christmas shopping £171.99 (plus £47.21 Amazon/surveys)/£150
    Survey income (from Oct 2017) £54.41
    Emergency Fund £0/£600
    Christmas 2018 £0/£400
    • missmental123
    • By missmental123 17th Oct 17, 8:56 PM
    • 51 Posts
    • 145 Thanks
    missmental123
    Good news about the £100 joining reward

    Good luck with the PPI claims. DH and are thinking of putting some PPI claims in but I need to read up about it first as I'm not sure how you do it.
    Originally posted by HairyHandofDartmoor
    There is loads of help and advice on here, I recently convinced OH to do his, he did it all through resolver as recommended on here, so far he's had just over £1000 back and is still waiting to hear the outcome of the last claim. Well worth doing, he did have the account numbers for two of them but not the others.
    Originally posted by AleMrsT
    Hi, I'm still waiting to hear from the PPI claims but not holding my breath. In the past I used Martin's PPI letters as a template but this time I've used the rsvolver website for pure laziness.

    I heard from Sainsbury's energy today. Good news, they took my meter readings again so hopefully I should be due a hefty refund, I'm hoping £100+.

    I'm still in credit with my new FD current account. So far, it's gone without a hitch! All my direct debits seem to be happening. I'm really trying not to go overdrawn any more.

    I'm still refraining from only essential spending. However, I'm treating my sister for her 50th to see Les Mis and were going by train from Derby. The cheapest train tickets were £100 return for us both. I looked at going with Sn-ap coach that is loads cheaper but they were quite limited going from Derby. I think if you're not desperate to be somewhere for an exact time then the Sn-ap coach is worth a try, ( from as little as £2). Now I need to find a nice reasonably priced restaurant in either Covent Garden or Leicester Square areas with a pre -theatre menu

    I've got a few nice days before I'm back on nights on Friday. My sister & I are taking my Aunt who will be 80 out for lunch and I'm meeting a friend for a walk tomorrow. Then Monday, DH & I are going to see a band in Birmingham.

    Only10 days until payday till I can get rid of some more debt! Whoo hoo
    .
    Last edited by missmental123; 18-10-2017 at 3:22 PM.
    Total: Debt July '17 -£23,806.33 - now
    -£20,250 (14.9 % paid)
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 21st Oct 17, 8:05 PM
    • 2,268 Posts
    • 10,900 Thanks
    HairyHandofDartmoor
    I shall check out the PPI stuff as soon as I get a breathing space.

    Hope you enjoyed lunch with your aunt and the walk. I love autumn walks
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt in July 2017 = £58,766 DEBT FREE 31 October 2017
    NEW GOALS - Build an Emergency Fund & Loss of Income Fund
    Emergency Fund 1 = £818/Emergency Fund 2 = £203.76
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 21st Oct 17, 8:06 PM
    • 2,268 Posts
    • 10,900 Thanks
    HairyHandofDartmoor
    There is loads of help and advice on here, I recently convinced OH to do his, he did it all through resolver as recommended on here, so far he's had just over £1000 back and is still waiting to hear the outcome of the last claim. Well worth doing, he did have the account numbers for two of them but not the others.
    Originally posted by AleMrsT
    Thank you that is very encouraging. How lovely to get over a thousand pounds
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt in July 2017 = £58,766 DEBT FREE 31 October 2017
    NEW GOALS - Build an Emergency Fund & Loss of Income Fund
    Emergency Fund 1 = £818/Emergency Fund 2 = £203.76
    • missmental123
    • By missmental123 26th Oct 17, 8:30 PM
    • 51 Posts
    • 145 Thanks
    missmental123
    DFW 3 months progress
    I actually get paid tomorrow but I've got a busy few days ahead, so I'm a day early posting my up to date figures.

    I have paid off 14.9% of my debts;

    CC1 was £4,335.75 - now -£3735 0% til 04/18
    CC2 was £1,055.18 now £1451 -0% til 04/19
    CC3 was £7,273.58 -now £6573 0% til 04/19
    Loan - was £10,042 - now £8320 finishes March 2020
    Overdraft was £1100- now £0
    Total:was £23,806.33- now £20,250

    I am really happy with this
    But November will be testing.. lots of nights away! and lots of fun! means lots of cash! I need to make sure that I keep some control of it all. I'm on schedule to be under 20K in debt by next month.
    Hope everyone has a great weekend...I'm off to see Metallica on Monday (DH's treat!) & Brandy Clark tomorrow,
    Total: Debt July '17 -£23,806.33 - now
    -£20,250 (14.9 % paid)
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 26th Oct 17, 8:55 PM
    • 2,268 Posts
    • 10,900 Thanks
    HairyHandofDartmoor
    That's good progress paying off over 14% , not long until you get under 20k now
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt in July 2017 = £58,766 DEBT FREE 31 October 2017
    NEW GOALS - Build an Emergency Fund & Loss of Income Fund
    Emergency Fund 1 = £818/Emergency Fund 2 = £203.76
    • missmental123
    • By missmental123 28th Nov 17, 10:03 PM
    • 51 Posts
    • 145 Thanks
    missmental123
    I have been absent fro a while... had a busy month but....I've hit the sub £20 k mark!!

    CC1 & CC2 are now combined in Virgin 0% until 2020 - paid £250 - balance £4961.71 (no fee)
    CC3 was £7,273.58 -now £6245.- 0% til 04/19
    Loan - was £10,042 - now £8033 finishes March 2020
    Overdraft was £1100- now £0
    Total:was £23,806.33- now £19,489.71 - total paid £4425 - 18.5%paid

    I have still not spent any money on clothes / shoes for me since July. I am not even tempted.
    I'm still using my spending / budget app, although I November has been difficult due to lots of nights out /away.
    I have a budget for Xmas presents that I'm sticking to.
    I have started saving a bit ... £150 so far...!

    Here's to a Happy December everyone.
    Total: Debt July '17 -£23,806.33 - now
    -£20,250 (14.9 % paid)
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