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  • FIRST POST
    • Nicnak
    • By Nicnak 10th Sep 17, 8:30 PM
    • 827Posts
    • 4,627Thanks
    Nicnak
    Debt Free Year
    • #1
    • 10th Sep 17, 8:30 PM
    Debt Free Year 10th Sep 17 at 8:30 PM
    Hi,

    I've pretty much buried my head in the sand over the past 15 years about debt and what it means. I've always seen it as 'normal' to have debt for things, and never thought twice about it. Recently though, I have wanted to think about cutting down my work hours, and I just can't. I can't be the mum I want to be to my 4 year old because I need to work to make sure I can pay the bills and debts. That is when it hit home, that I can't continue like this. I am having a wedding reception in December, which I know is going to take up most of my 'spare' cash, but from January 2018, I will make a difference to my debts.

    Currently have
    £485 0% credit card. It was £2000 in July, So I have been ensuring that I am working on it.
    £7500 Tesco loan at 3.2% - Paying £220 a month and due up in Three years
    £17,450 car loan. Car is in negative equity and I'm stuck in the PCP. The car also is over mileage and has damage. I am 10 months away from handing it back, but with excess mileage and damage, I am thinking this might not be the best idea. Currently paying £351 a month for this luxury that I am thinking I don't need. (I shouldn't have got it, but I did, I can't change what I have stupidly done, and now need to work on the best options).
    I spend money every month on things I don't need, and really need somewhere to record and focus on what it is I am doing, and the inspiration to keep going when I see progress is being made.

    I've started a written diary as well to try to help. If I pay off these debts, then I know that I will be £500 better off. In April, my phone is due up for renewal, and I have already looked at the SIM only deals which will take it to the £500 a month mark.

    i am going to try to earn some extra per month to pay off the debts, which in the short term might reduce the time I have with my daughter.

    Here goes...

    I really need to do this now.
Page 34
    • Nicnak
    • By Nicnak 31st Jan 18, 5:53 PM
    • 827 Posts
    • 4,627 Thanks
    Nicnak
    I!!!8217;m still here. Both of us aren!!!8217;t so good. I!!!8217;m so tired! Xx
    September 6th 2017 - Updated 21st January 2018
    Credit Card £0 now: £1649 Tesco Loan £7500 = £11.20 Consolidation £15,000 = £14,547 Total = £25,330 £16,207 36% gone EMF #252 = £500/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #170
    • Nicnak
    • By Nicnak 31st Jan 18, 6:07 PM
    • 827 Posts
    • 4,627 Thanks
    Nicnak
    No idea why there!!!8217;s Numbers!
    September 6th 2017 - Updated 21st January 2018
    Credit Card £0 now: £1649 Tesco Loan £7500 = £11.20 Consolidation £15,000 = £14,547 Total = £25,330 £16,207 36% gone EMF #252 = £500/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #170
    • Nicnak
    • By Nicnak 31st Jan 18, 7:23 PM
    • 827 Posts
    • 4,627 Thanks
    Nicnak
    So any use of punctuation results in numbers
    September 6th 2017 - Updated 21st January 2018
    Credit Card £0 now: £1649 Tesco Loan £7500 = £11.20 Consolidation £15,000 = £14,547 Total = £25,330 £16,207 36% gone EMF #252 = £500/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #170
    • 117pauline
    • By 117pauline 31st Jan 18, 7:49 PM
    • 595 Posts
    • 6,874 Thanks
    117pauline
    How strange! More glitches.

    I am trying to come up with a little "To Do" List for myself for February as January was mostly written off due to the flu. I can't remember being so poorly with a virus.

    I am trying to do like you and use surveys towards treats. If you remember I don't find it easy to get out of the house so although I am pleased with 22 NSDs, I think I need to get out more.

    Next week I have a hygienist appt, dental appt and I have even arranged to meet a local MSE-er for a coffee. And all in a space of five days!

    How are you finding the new school?

    Take care honey
    Pauline
    Don't get it perfect - Get it going
    Better Than Before
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 31st Jan 18, 7:52 PM
    • 3,391 Posts
    • 21,423 Thanks
    HairyHandofDartmoor
    So any use of punctuation results in numbers
    Originally posted by Nicnak
    Very odd
    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. Then save up for repairs to the house.
    Emergency Fund 1 = £818/Emergency Fund 2 = £0/Loss of Income Fund £0
    • Nicnak
    • By Nicnak 31st Jan 18, 7:53 PM
    • 827 Posts
    • 4,627 Thanks
    Nicnak
    How strange! More glitches.

    I am trying to come up with a little "To Do" List for myself for February as January was mostly written off due to the flu. I can't remember being so poorly with a virus.

    I am trying to do like you and use surveys towards treats. If you remember I don't find it easy to get out of the house so although I am pleased with 22 NSDs, I think I need to get out more.

    Next week I have a hygienist appt, dental appt and I have even arranged to meet a local MSE-er for a coffee. And all in a space of five days!

    How are you finding the new school?

    Take care honey
    Pauline
    Originally posted by 117pauline
    Hi,

    Very strange indeed. Not including any punctuation.

    Wow! Thats a lot, sometimes we need to get out though so glad you have made plans.

    Managed 20 AFDs this month which is great

    Need to keep spend days down. Tomorrow I need fuel
    And food
    September 6th 2017 - Updated 21st January 2018
    Credit Card £0 now: £1649 Tesco Loan £7500 = £11.20 Consolidation £15,000 = £14,547 Total = £25,330 £16,207 36% gone EMF #252 = £500/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #170
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 31st Jan 18, 7:53 PM
    • 3,391 Posts
    • 21,423 Thanks
    HairyHandofDartmoor
    How strange! More glitches.

    I am trying to come up with a little "To Do" List for myself for February as January was mostly written off due to the flu. I can't remember being so poorly with a virus.

    I am trying to do like you and use surveys towards treats. If you remember I don't find it easy to get out of the house so although I am pleased with 22 NSDs, I think I need to get out more.

    Next week I have a hygienist appt, dental appt and I have even arranged to meet a local MSE-er for a coffee. And all in a space of five days!

    How are you finding the new school?

    Take care honey
    Pauline
    Originally posted by 117pauline
    That's brilliant Pauline . Are you meeting SA?
    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. Then save up for repairs to the house.
    Emergency Fund 1 = £818/Emergency Fund 2 = £0/Loss of Income Fund £0
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 31st Jan 18, 7:54 PM
    • 3,391 Posts
    • 21,423 Thanks
    HairyHandofDartmoor
    I!!!8217;m still here. Both of us aren!!!8217;t so good. I!!!8217;m so tired! Xx
    Originally posted by Nicnak
    I hope you're both feeling a bit better today Nicnak.
    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. Then save up for repairs to the house.
    Emergency Fund 1 = £818/Emergency Fund 2 = £0/Loss of Income Fund £0
    • Nicnak
    • By Nicnak 31st Jan 18, 8:36 PM
    • 827 Posts
    • 4,627 Thanks
    Nicnak
    Ok thanks.
    Just very tired. Little one had the day off. I!!!8217;ve been analysing my sleep and realised I get very little deep sleep. About 10% less per night than I should get. Not the best!
    September 6th 2017 - Updated 21st January 2018
    Credit Card £0 now: £1649 Tesco Loan £7500 = £11.20 Consolidation £15,000 = £14,547 Total = £25,330 £16,207 36% gone EMF #252 = £500/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #170
    • Nicnak
    • By Nicnak 1st Feb 18, 8:57 PM
    • 827 Posts
    • 4,627 Thanks
    Nicnak
    1 AFD!
    Not a NSD. £30 fuel £39 shopping. £30 tutoring, but £10 for little ones sponsorship money for NSPCC.
    September 6th 2017 - Updated 21st January 2018
    Credit Card £0 now: £1649 Tesco Loan £7500 = £11.20 Consolidation £15,000 = £14,547 Total = £25,330 £16,207 36% gone EMF #252 = £500/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #170
    • Nicnak
    • By Nicnak 3rd Feb 18, 8:08 AM
    • 827 Posts
    • 4,627 Thanks
    Nicnak
    Today is Dentist day. I!!!8217;ve never known them to open on a Saturday but I!!!8217;ve checked and they!!!8217;ve confirmed.
    £300 straight out of my account.
    I have an engagement party tonight too, plus Charlotte has a party today so today is expensive. Little one also has cheer leading. I have £20 cash so that will need to pay for cheer leading, the cards and present for little ones party and a drink tonight. I!!!8217;m driving so definitely not drinking, which should save some money.

    Cash back site confirmed some money returned to me though. That!!!8217;s £20 into my account. I should be tutoring twice this week and that!!!8217;s £60 for me too.

    I!!!8217;m going to end up in my overdraft this month no matter how hard I try not to. Money that should come in hasn!!!8217;t yet (bank acccount) etc. And I can!!!8217;t claim the £90 back till I have the treatment. It!!!8217;ll be fine.
    I knew it was tough with paying the photographer £800, Plus over paying all my bills.

    I!!!8217;m disappointed but onwards and upwards.

    Yesterday was a NSD.
    September 6th 2017 - Updated 21st January 2018
    Credit Card £0 now: £1649 Tesco Loan £7500 = £11.20 Consolidation £15,000 = £14,547 Total = £25,330 £16,207 36% gone EMF #252 = £500/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #170
    • Nicnak
    • By Nicnak 4th Feb 18, 10:27 AM
    • 827 Posts
    • 4,627 Thanks
    Nicnak
    3 AFDs yay!

    Can not use apostrophes as that was results in numbers.

    Yesterday was expensive
    £4 cheerleading cost
    £10 shop for birthday party and engagement card
    £20 for engagement present
    £279 dentist
    £20 took out for drinks, but is still in my bag

    I get paid in about 11 days, but definitely going to dip into my overdraft.

    Positives from this week
    £60 tutoring should come in
    I am hoping to get to the bank to pay in £50 of it to reduce overdraft.
    I finish work for a week on Friday so reduced fuel for the week after £10 instead of the £30.
    My tax code has been changed so I should be £30 a month better off. (That will cover the cost of little ones classes.

    I'm two months away from a much better deal with mum phone and cancelling the gym membership.
    my debts by the end of next week will be under the 17k mark for the first time in a hell of a long time. I have little ones birthday in March so her present will be coming out of this months pay, but I can cope with that.

    Slow and steady wins the race.
    September 6th 2017 - Updated 21st January 2018
    Credit Card £0 now: £1649 Tesco Loan £7500 = £11.20 Consolidation £15,000 = £14,547 Total = £25,330 £16,207 36% gone EMF #252 = £500/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #170
    • Nicnak
    • By Nicnak 4th Feb 18, 5:57 PM
    • 827 Posts
    • 4,627 Thanks
    Nicnak
    Going to add up my debt later, and I!!!8217;m excited. I think it!!!8217;s going to be below £16k!
    September 6th 2017 - Updated 21st January 2018
    Credit Card £0 now: £1649 Tesco Loan £7500 = £11.20 Consolidation £15,000 = £14,547 Total = £25,330 £16,207 36% gone EMF #252 = £500/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #170
    • DebtFreeDuo
    • By DebtFreeDuo 4th Feb 18, 10:17 PM
    • 777 Posts
    • 4,023 Thanks
    DebtFreeDuo
    Excited for the update! Slow and steady definitely wins the race.
    Debt free by Christmas 2018 #004: 2419.69/7445.69
    £2018 in 2018 #25: 210.41/2018
    SPC 586
    • Nicnak
    • By Nicnak 5th Feb 18, 8:00 AM
    • 827 Posts
    • 4,627 Thanks
    Nicnak
    I meant below £17k for this month.

    It!!!8217;s £16,840!
    September 6th 2017 - Updated 21st January 2018
    Credit Card £0 now: £1649 Tesco Loan £7500 = £11.20 Consolidation £15,000 = £14,547 Total = £25,330 £16,207 36% gone EMF #252 = £500/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #170
    • DebtFreeDuo
    • By DebtFreeDuo 5th Feb 18, 1:21 PM
    • 777 Posts
    • 4,023 Thanks
    DebtFreeDuo
    How exciting, you are now well in to the next bracket. It won't be long before you are telling us that it's below £16k, then £15k... just look at how far you have come so far, £8500 gone from your original total!
    Debt free by Christmas 2018 #004: 2419.69/7445.69
    £2018 in 2018 #25: 210.41/2018
    SPC 586
    • Nicnak
    • By Nicnak 5th Feb 18, 4:52 PM
    • 827 Posts
    • 4,627 Thanks
    Nicnak
    Did not even look at that today.

    Last January I would have easily had around 30k so just keep thinking if I can get down to 15k that is half in one year.

    Will be properly updating next Thursday when I get paid.
    September 6th 2017 - Updated 21st January 2018
    Credit Card £0 now: £1649 Tesco Loan £7500 = £11.20 Consolidation £15,000 = £14,547 Total = £25,330 £16,207 36% gone EMF #252 = £500/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #170
    • Nicnak
    • By Nicnak 7th Feb 18, 7:26 PM
    • 827 Posts
    • 4,627 Thanks
    Nicnak
    6 AFDs! Yay.

    Need to pay money into my account to take it out of its overdraft.
    September 6th 2017 - Updated 21st January 2018
    Credit Card £0 now: £1649 Tesco Loan £7500 = £11.20 Consolidation £15,000 = £14,547 Total = £25,330 £16,207 36% gone EMF #252 = £500/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #170
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 7th Feb 18, 9:44 PM
    • 3,391 Posts
    • 21,423 Thanks
    HairyHandofDartmoor
    Did not even look at that today.

    Last January I would have easily had around 30k so just keep thinking if I can get down to 15k that is half in one year.

    Will be properly updating next Thursday when I get paid.
    Originally posted by Nicnak
    You have done really well this year . Imagine what you can do next year
    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. Then save up for repairs to the house.
    Emergency Fund 1 = £818/Emergency Fund 2 = £0/Loss of Income Fund £0
    • Nicnak
    • By Nicnak 8th Feb 18, 8:21 PM
    • 827 Posts
    • 4,627 Thanks
    Nicnak
    Yep, if only I!!!8217;d started this journey sooner!
    September 6th 2017 - Updated 21st January 2018
    Credit Card £0 now: £1649 Tesco Loan £7500 = £11.20 Consolidation £15,000 = £14,547 Total = £25,330 £16,207 36% gone EMF #252 = £500/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #170
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