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  • FIRST POST
    • DebtFreeDuo
    • By DebtFreeDuo 20th Sep 17, 8:43 PM
    • 442Posts
    • 2,146Thanks
    DebtFreeDuo
    This Duo's debt free journey
    • #1
    • 20th Sep 17, 8:43 PM
    This Duo's debt free journey 20th Sep 17 at 8:43 PM
    I had a previous thread but having problems locating it so thought I would start a fresh one. Brief intro, the duo is me and my little one, just over a year ago my debt was at a figure of around £12k, as of today it stands at £6124.40. This is made up of 2 loans (one car) and one credit card which is 0% until April 2019.

    My aim is to save up over the next 6/8 months so that I can overpay 6 months worth on the loan with the shortest term, this will clear the loan completely as the last payment is December 18. Then I will tackle the second loan which is due to end April 19, I aim to clear this by around December 18 and then clear the 0% card last but well in time for the 0% ending.

    I can't do much until January, I'm currently studying and therefore get my income 3 times per year which I use to overpay, I have just cleared £1500 which is all I can manage until my next payment. This includes a monthly saving to my Help to Buy ISA. I have around £4k in my ISA but I am reluctant to use this to clear my debts as I will earn more back on this then I will save in interest with the governments 25% bonus.

    I have gone over all of my monthly bills and I am certain that I cannot make any further savings than I have made recently. I am currently listing as much on ebay as I can to give me a little extra money for treats that I haven't included in my budget up to December.

    Will update my signature shortly but as it stands my debt free date is April 2019, I aim to bring this forward to Dec 2018 at the very latest.
Page 1
    • UncannyScot
    • By UncannyScot 20th Sep 17, 9:05 PM
    • 817 Posts
    • 4,095 Thanks
    UncannyScot
    • #2
    • 20th Sep 17, 9:05 PM
    • #2
    • 20th Sep 17, 9:05 PM
    Hello and welcome aboard
    All here to help each other
    You need any advice or info or support on something just post up and someone will be along to help out, we're kinda good like that ;D
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
    • Hiddenidenity
    • By Hiddenidenity 20th Sep 17, 9:07 PM
    • 5,314 Posts
    • 26,059 Thanks
    Hiddenidenity
    • #3
    • 20th Sep 17, 9:07 PM
    • #3
    • 20th Sep 17, 9:07 PM
    Hello

    Good luck on the journey look forward to following x
    DFW £1783.71/£7348.71 Rent Arrears £571.28/£3381.28

    Rock bottom became the solid foundation on which I rebuilt my life.
    • DebtFreeDuo
    • By DebtFreeDuo 22nd Sep 17, 10:55 AM
    • 442 Posts
    • 2,146 Thanks
    DebtFreeDuo
    • #4
    • 22nd Sep 17, 10:55 AM
    • #4
    • 22nd Sep 17, 10:55 AM
    Nothing big to update but I feel like I need to keep on top of this diary to keep me focused. I haven't had a great few days (not money related) but I'm doing what I can to minimise my spending. I have a limit of around £500 to get me through the next 3 months, this is to cover food, fuel, gas and electric and any other day to day spends plus christmas presents. Hoping to sell things on ebay and also use swagbucks to try and increase this, almost have £25 on my swagbucks account to cash in. Today I am feeling stressed and fed up.
    LBM 20/9/17 5101.55/5690.50 = Loan: 1923.70/2207.38 Car Loan: 2166.87/2419.64 0% CC: 1010.98/1063.48 DFD Oct 18.
    SPC 586
    • Tea&Kittens
    • By Tea&Kittens 22nd Sep 17, 12:07 PM
    • 153 Posts
    • 569 Thanks
    Tea&Kittens
    • #5
    • 22nd Sep 17, 12:07 PM
    • #5
    • 22nd Sep 17, 12:07 PM
    Hi Duo
    Sounds like you're doing a great job managing things, look forward to following! xx
    October: NSDs 6 / 17 NSDs in a row: 1 / 5
    I started my debtfree journey on 07 September 2017: Total: £20,521 £19847
    Barclaycard: £14659 £14435 Oct 2017 HSBC Credit Card : £3112 £3012 Oct 2017
    Overdraft: 350 £0 Oct2017 MBNA : 2400
    A journey of a thousand miles starts with a single step. I'm on my way!
    • beanielou
    • By beanielou 22nd Sep 17, 9:23 PM
    • 48,483 Posts
    • 178,341 Thanks
    beanielou
    • #6
    • 22nd Sep 17, 9:23 PM
    • #6
    • 22nd Sep 17, 9:23 PM
    Happy shiny new diary
    Keep posting!
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • Rachel24
    • By Rachel24 22nd Sep 17, 11:23 PM
    • 96 Posts
    • 335 Thanks
    Rachel24
    • #7
    • 22nd Sep 17, 11:23 PM
    • #7
    • 22nd Sep 17, 11:23 PM
    Hi debtfreeduo, try prolific academic too for surveys as it pays well. You're doing great getting your debt down so much.
    • DebtFreeDuo
    • By DebtFreeDuo 23rd Sep 17, 11:10 AM
    • 442 Posts
    • 2,146 Thanks
    DebtFreeDuo
    • #8
    • 23rd Sep 17, 11:10 AM
    • #8
    • 23rd Sep 17, 11:10 AM
    Thank you all for your responses, I will have a look at prolific academic as I have seen it mentioned a couple of times on here, swagbucks can be a bit hit and miss but I've earned a fair bit from there, I have around £100 sitting in my amazon account to use for Christmas from the last few months of doing it.

    I've had a couple of NSDs, feeling a little bit lost so I haven't been tempted to spend money on anything. We are going to see my dad this evening who has suggested he will order us some pizza so today will likely be another NSD and I imagine tomorrow will be too. I go back to university on monday and plan to use my bike as much as possible to save on the cost of parking and fuel although I am a little nervous about this as I haven't used it in such a long time and especially at busy times on the road. I'm still feeling a little down but I think going back to university will help, it doesn't help that I have come down with a cold that has really knocked me.

    My goal until January is to not go out of budget, all of my bills are covered so just food, fuel (hoping to keep to a minimum with my bike), gas and electric (hoping to use my swagbucks each month as I am on a pre payment meter) and then day to day costs.

    I have the following to make it through:
    £373.74 moved over to savings account so I don't touch my current account
    £50 coming back from plusnet from changing broadband provider
    £108 in amazon account to hopefully get me through christmas
    £25 due from my brother as we went halves on my dads christmas present

    Its going to be tough but hopefully I can make a little from ebay to help boost it a little. Worst case I do have a 0% overdraft which I don't want to touch if I can help it. I'm going to get myself out the house, this should help improve my mood a little.
    LBM 20/9/17 5101.55/5690.50 = Loan: 1923.70/2207.38 Car Loan: 2166.87/2419.64 0% CC: 1010.98/1063.48 DFD Oct 18.
    SPC 586
    • DebtFreeDuo
    • By DebtFreeDuo 24th Sep 17, 10:29 AM
    • 442 Posts
    • 2,146 Thanks
    DebtFreeDuo
    • #9
    • 24th Sep 17, 10:29 AM
    • #9
    • 24th Sep 17, 10:29 AM
    I'm feeling much more positive today, think I've managed to pull myself out of my low mood. A NSD yesterday as planned and today I'm only leaving the house for 10 minutes to make a quick drop off so will be another NSD, will also be able to cash out on swagbucks today which I will use to top up my electricity, this should give me around 60 days on my smart meter as I already have about 35 days worth, just another 30 days or so to get (another £25 on swagbucks should do it), I also have gas to work on too and hopefully I can get a little more put into my amazon account for Christmas. Swagbucks is really helping fund 2 of my big things I had to tackle within such a small budget.

    Monday I need to grab some food bits which I'm hoping to keep to a minimum, I always struggle with my food shop, I can never resist buying things that I just don't need. I'm going to write out a shopping list for monday and only buy the things on the list, I will remind myself how much of my budget I will lose if I give in to temptation.
    LBM 20/9/17 5101.55/5690.50 = Loan: 1923.70/2207.38 Car Loan: 2166.87/2419.64 0% CC: 1010.98/1063.48 DFD Oct 18.
    SPC 586
    • DebtFreeDuo
    • By DebtFreeDuo 24th Sep 17, 2:25 PM
    • 442 Posts
    • 2,146 Thanks
    DebtFreeDuo
    I'm winning today, wanted a coat for my LO for school as his rain coat is a bit thin now its getting colder and I didn't want to send him in his lovely (quite expensive but worth it because its going to last at least 2 winters) winter coat from last year now that hes in reception (I know these things get ruined or lost), so I got on ebay and won one for £4.10 including postage, the best part of this is that I had an email from paypal a couple of weeks back giving me £5 to spend before the end of the month so the coat was free! I just wish I could have upped my bid to the whole £5 to give the seller a little extra seing as I won't use the extra 90p.

    In about february/March I decided I was going to attempt the £2017 in 2017 challenge although I haven't wrote this anywhere just my own spreadsheet, I'm currently on £1073 so I'm doing pretty well considering I thought I would start it and then give up after a few weeks. Been having a look through some of the challenges and think I've decided that I'm going to go for the £10 a day one in October although I will probably start smaller, this will certainly help me achieve the other goal plus give me extra spends for Christmas.
    LBM 20/9/17 5101.55/5690.50 = Loan: 1923.70/2207.38 Car Loan: 2166.87/2419.64 0% CC: 1010.98/1063.48 DFD Oct 18.
    SPC 586
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 24th Sep 17, 5:09 PM
    • 1,863 Posts
    • 7,198 Thanks
    HairyHandofDartmoor
    You're doing well DFD. It can be hard to be upbeat when you've got debt and a tight budget. I had a low mood yesterday and I know that spending always cheers me up, but managed to resist and I'm glad now.

    It's not easy when you're studying and have a little one but you seem really focused and you WILL get there .
    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 = £638/Emergency Fund 2 = £120
    • DebtFreeDuo
    • By DebtFreeDuo 25th Sep 17, 7:17 PM
    • 442 Posts
    • 2,146 Thanks
    DebtFreeDuo
    I spent a little more than I would have liked today and it was completely due to lack of planning, after a long day I just didn't want to cook and it didn't help that I hadn't had time to grab anything for dinner so I had to go out anyway, if I had something in the fridge then I absolutely would have chosen cooking over going out. Ended up going to the chip shop and the shop for a couple of bits I needed. Total spends of the day £5.30 on dinner and £7.50 in the shop.

    On the plus side I managed to cycle all the way into university and back! I'm feeling it now though, going to see how my legs feel in the morning before I decide whether to take the car tomorrow. Total saved by cycling: £4.50. I will have to buy myself a rain coat for cycling but without this I won't be encouraged to cycle, I think the savings I will make in parking and fuel can justify a cheap rain coat.
    LBM 20/9/17 5101.55/5690.50 = Loan: 1923.70/2207.38 Car Loan: 2166.87/2419.64 0% CC: 1010.98/1063.48 DFD Oct 18.
    SPC 586
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 25th Sep 17, 7:47 PM
    • 1,863 Posts
    • 7,198 Thanks
    HairyHandofDartmoor
    I think a rain coat is essential for winter cycling DFD. Well done on cycling in, you could always do it every other day until you build up your stamina.
    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 = £638/Emergency Fund 2 = £120
    • Tea&Kittens
    • By Tea&Kittens 25th Sep 17, 8:27 PM
    • 153 Posts
    • 569 Thanks
    Tea&Kittens
    Well done on the cycling DFD! Having the right gear for wet weather makes a world of difference, so I'd say invest and cycle as often as you can!
    October: NSDs 6 / 17 NSDs in a row: 1 / 5
    I started my debtfree journey on 07 September 2017: Total: £20,521 £19847
    Barclaycard: £14659 £14435 Oct 2017 HSBC Credit Card : £3112 £3012 Oct 2017
    Overdraft: 350 £0 Oct2017 MBNA : 2400
    A journey of a thousand miles starts with a single step. I'm on my way!
    • DebtFreeDuo
    • By DebtFreeDuo 26th Sep 17, 6:19 PM
    • 442 Posts
    • 2,146 Thanks
    DebtFreeDuo
    Thank you both, I didn't manage to cycle today, I was aching all over this morning and I just couldn't manage it at all. I aim to cycle in tomorrow although I haven't got a raincoat just yet, going to see if I can get one on amazon as I can use my vouchers from Swagbucks that way. I'm hoping to build up to cycling in everyday except one day per week, this should be a saving of at least £10 per week.

    Today has been far too spendy, £3.50 on parking for uni and then £55.28 on topping up on food. I'm hoping I won't need to buy any other food now for a couple of weeks except for milk and a top up of fruit, my little one never used to eat much but now hes constantly complaining that hes hungry and getting through so much fruit!
    LBM 20/9/17 5101.55/5690.50 = Loan: 1923.70/2207.38 Car Loan: 2166.87/2419.64 0% CC: 1010.98/1063.48 DFD Oct 18.
    SPC 586
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 26th Sep 17, 9:20 PM
    • 1,863 Posts
    • 7,198 Thanks
    HairyHandofDartmoor
    Children do eat a lot when they're growing, but they need the fuel. I try and buy cheaper fruit such as apples, bananas and satsumas which are quite filling, and avoid things like grapes and cherries etc, which are very pricey.

    I don't blame you for not cycling today, I expect you'll feel less ache tomorrow and you wont need to pay for a gym membership .
    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 = £638/Emergency Fund 2 = £120
    • DebtFreeDuo
    • By DebtFreeDuo 27th Sep 17, 2:11 PM
    • 442 Posts
    • 2,146 Thanks
    DebtFreeDuo
    Children do eat a lot when they're growing, but they need the fuel. I try and buy cheaper fruit such as apples, bananas and satsumas which are quite filling, and avoid things like grapes and cherries etc, which are very pricey.

    I don't blame you for not cycling today, I expect you'll feel less ache tomorrow and you wont need to pay for a gym membership .
    Originally posted by HairyHandofDartmoor
    I agree that grapes and berries etc are very pricey, especially when he can sit there and eat a whole punnet of grapes in no time. He loves his bananas and easy peelers at the moment, not such a big fan of apples but I try to balance it out and do him a mixed bowl of stuff so that the more expensive stuff is mixed in.

    My food bill is one thing that I do struggle with, I generally buy organic food which can be a fair bit more than non-organic but as there is only the two of us I feel that I can get away with it because we don't get through tons of food.

    Today hasn't been too bad, spent more on parking than I would have liked as my usual car park was full, I think I will have to make sure I can cycle in on Wednesdays because of the later start and the parking situation. I bought myself a rain coat, cost around £17 and I also bought some gloves £7 for cycling to prevent my hands from being sore after riding. Completely prepared for cycling in tomorrow now so I have no excuse.
    LBM 20/9/17 5101.55/5690.50 = Loan: 1923.70/2207.38 Car Loan: 2166.87/2419.64 0% CC: 1010.98/1063.48 DFD Oct 18.
    SPC 586
    • Tea&Kittens
    • By Tea&Kittens 27th Sep 17, 2:34 PM
    • 153 Posts
    • 569 Thanks
    Tea&Kittens
    Hi Duo, your food shops sound like mine usually are. We do usually eat quite a lot of fruit, though the amount Kitty consumes is reduced now she can only choose between oranges/apples/bananas. Grapes and berries don't last any time at all!
    Good going with the rain coat, hope it keeps you dry for cycling!
    October: NSDs 6 / 17 NSDs in a row: 1 / 5
    I started my debtfree journey on 07 September 2017: Total: £20,521 £19847
    Barclaycard: £14659 £14435 Oct 2017 HSBC Credit Card : £3112 £3012 Oct 2017
    Overdraft: 350 £0 Oct2017 MBNA : 2400
    A journey of a thousand miles starts with a single step. I'm on my way!
    • DebtFreeDuo
    • By DebtFreeDuo 27th Sep 17, 3:08 PM
    • 442 Posts
    • 2,146 Thanks
    DebtFreeDuo
    I've just realised I had my figures down wrong so just updating:

    Loan: 2346.38 actually £2207.38
    Car Loan: 2717.54 actually £2419.64
    0% CC: 1063.48 correct
    So total is actually: 5690.50

    Wow thats a massive £433 I had added to my debt from a simple mistake on my spreadsheet, I know exactly what I had done wrong and I won't be doing that again, it feels good to wipe off debt by doing nothing! I'm so pleased, I thought I was still over the 6k mark but I'm now well and truly below it.
    LBM 20/9/17 5101.55/5690.50 = Loan: 1923.70/2207.38 Car Loan: 2166.87/2419.64 0% CC: 1010.98/1063.48 DFD Oct 18.
    SPC 586
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 27th Sep 17, 8:50 PM
    • 1,863 Posts
    • 7,198 Thanks
    HairyHandofDartmoor
    Great that the debt is lower than you thought . Good luck with the cycling tomorrow.
    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 = £638/Emergency Fund 2 = £120
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