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  • FIRST POST
    • DebtFreeDuo
    • By DebtFreeDuo 20th Sep 17, 8:43 PM
    • 615Posts
    • 3,013Thanks
    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 20
    • DebtFreeDuo
    • By DebtFreeDuo 2nd Dec 17, 2:06 PM
    • 615 Posts
    • 3,013 Thanks
    DebtFreeDuo
    I need to replace my phone I think but I'm trying to hold out as long as I can! I can't receive phone calls, just get a notification that I've missed a call, screen is smashed and it turns itself off with loads of battery remaining. I should look at a trade in place but then I worry that it will be just as used as mine. My current phone is only about 18 months old, I feel like phones are designed to die after a certain time.
    Loan:1780.49 2207.38 Car Loan:2039.22 2419.64 0% CC:984.98 1063.48 Overdraft: 860 Overpayment:1781 Total: 7445.69 DFD Dec 18
    SPC 586
    • Tea&Kittens
    • By Tea&Kittens 2nd Dec 17, 4:03 PM
    • 168 Posts
    • 635 Thanks
    Tea&Kittens
    I know what you mean! Certainly doesn't feel like they're built to last! Somewhere like CEX may have a reasonable handset that's not too expensive?
    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 2nd Dec 17, 6:07 PM
    • 615 Posts
    • 3,013 Thanks
    DebtFreeDuo
    When I was a teenager phones were really built to last, you could throw them against a wall and they wouldn't break, now they break all on their own! I'm going to hold out until at least after new year and then come back to it.

    Payment for my loan came out yesterday which means.. Under £5k!! Woohoo!
    Loan:1780.49 2207.38 Car Loan:2039.22 2419.64 0% CC:984.98 1063.48 Overdraft: 860 Overpayment:1781 Total: 7445.69 DFD Dec 18
    SPC 586
    • DebtFreeDuo
    • By DebtFreeDuo 2nd Dec 17, 7:03 PM
    • 615 Posts
    • 3,013 Thanks
    DebtFreeDuo
    My budgets aren't going too bad so far although I may have a couple of problems. Firstly I wanted to buy a few frames for school photos as additional presents (no budget remaining). I really wanted to use the smaller photos you get in the packs to frame and get DS to put hand prints next to them for grandparents. Need to see how cheap I can find some frames for this, I could potentially use the amazon voucher I just claimed which I was going to use for birthdays/Christmas next year.

    Secondly I set aside £110 for the car (fuel and MOT) but now I'm thinking that it really needs a service, I didn't factor this into my budget so this might have to wait until January so that I can keep this months budget on track.

    Remaining December budget

    Food - £150
    Car - £110
    Christmas - £0
    Other - £60

    To do tomorrow

    MT assignment
    Book MOT
    Tidy house


    Loan:1780.49 2207.38 Car Loan:2039.22 2419.64 0% CC:984.98 1063.48 Overdraft: 860 Overpayment:1781 Total: 7445.69 DFD Dec 18
    SPC 586
    • Nicnak
    • By Nicnak 2nd Dec 17, 7:16 PM
    • 544 Posts
    • 2,679 Thanks
    Nicnak
    Using your vouchers will save you some money, which is great.

    Putting the service back to January will help with the tight budget too. x

    Good luck sticking to it. x
    September 6th 2017 start Updated 25th NOV 17
    Credit Card £430 now: £1181 Tesco Loan £7500 = £6700 Car loan £17,500 = £9,875 Total = £25,330 £17,756 EMF #252
    Sealed pot challenge #589
    Pay off all your debts by Christmas #170
    • Pauper1
    • By Pauper1 2nd Dec 17, 8:01 PM
    • 287 Posts
    • 2,355 Thanks
    Pauper1
    DH and I have both had good experiences with trade in places - the local indy one more than the big name one in the town, but that's purely down to customer service. The actual phones they have in are always decent, and CEX do a 12 month warranty which is reassuring.

    Are there car boots still on near you? They can be a really cheap place to find frames but ours are slowing down a bit now.
    DMP start 1st May 2014 - £22,850 £39,349.41 Original DFD from Stepchange 6th Sept 2039... Aiming for 1st Nov 2026
    Priorities changed, sold our house, going through the settlement process and hope to be debt free by Christmas 2017
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 2nd Dec 17, 8:46 PM
    • 2,217 Posts
    • 10,616 Thanks
    HairyHandofDartmoor
    You sound like you needed the coat and got a bargain, so don't feel guilty about that.

    A second hand phone can be worth having. I always have my mum's old phone when she upgrades because she's on a contract, so my phones are always two years old by the time I get them and they seem to work fine.

    The frames with the photo and hand print sound like lovely presents . You can get dirt cheap and often excellent quality frames in charity shops for a fraction of the price of new ones.
    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
    • DebtFreeDuo
    • By DebtFreeDuo 2nd Dec 17, 8:58 PM
    • 615 Posts
    • 3,013 Thanks
    DebtFreeDuo
    I don't think my regular car boot is on anymore, will definitely give the charity shops a try though, there are a few I can try near me.

    I will see where I am on the phone front in January, Jan - April will be equally as tight as the last few months so I may have to stretch it a little further than January.
    Loan:1780.49 2207.38 Car Loan:2039.22 2419.64 0% CC:984.98 1063.48 Overdraft: 860 Overpayment:1781 Total: 7445.69 DFD Dec 18
    SPC 586
    • DebtFreeDuo
    • By DebtFreeDuo 4th Dec 17, 2:38 PM
    • 615 Posts
    • 3,013 Thanks
    DebtFreeDuo
    Well our house has been hit with a sickness bug, just what I need! Feeling very sorry for myself. I have managed to book my car in for a service and MOT, its booked in at £149 but I think it is going to end up costing more than this as it hasn't had a service for almost 2 years! This amount will likely end up on a CC and then I will pay this off in full in January. I need to take another look at finances between January and April just to make sure we are still headed in the right direction. DS has asked me for a new bed so I'm hoping that for his birthday in April I can do his bedroom for him.

    This week

    MT assignment
    Book MOT
    Tidy house - half done this
    Write up notes for all modules
    Loan:1780.49 2207.38 Car Loan:2039.22 2419.64 0% CC:984.98 1063.48 Overdraft: 860 Overpayment:1781 Total: 7445.69 DFD Dec 18
    SPC 586
    • Pauper1
    • By Pauper1 4th Dec 17, 4:14 PM
    • 287 Posts
    • 2,355 Thanks
    Pauper1
    Oh no! Sorry to hear you're poorly I'm a bit obsessed with looking at nurseries/kids rooms on Pinterest, even though we can't really decorate, and also the DIY on a Budget FB page is good for cheap ideas.
    DMP start 1st May 2014 - £22,850 £39,349.41 Original DFD from Stepchange 6th Sept 2039... Aiming for 1st Nov 2026
    Priorities changed, sold our house, going through the settlement process and hope to be debt free by Christmas 2017
    • ladymay
    • By ladymay 4th Dec 17, 7:37 PM
    • 710 Posts
    • 3,312 Thanks
    ladymay
    Get well soon DFD!
    Debt 14/04/12: £15736.77
    Debt 09/12/14 ZERO POUNDS
    Debt 15/10/17: £1714.40
    Debt 14/11/17: £1631.61
    Moving back to the UK 05/01/18
    • DebtFreeDuo
    • By DebtFreeDuo 5th Dec 17, 7:34 PM
    • 615 Posts
    • 3,013 Thanks
    DebtFreeDuo
    Losing my way a little over the last few days. Today I have been looking at a new phone, I hadn't seen a phone I liked for some time but today whilst out I came across the samsung S8 which is beautiful although extremely pricey!

    When I bought my SE my plan was to keep this the whole way through uni, that hasn't gone to plan because of the phone dying which is the reason I am looking at switching away from apple. My plan now is to find something to last me for the next 3/4 years so I want something decent.

    The S8 I have found for a total of £647 for the phone and the first months contract and then switch over to a sim only plan, for a contract the best deal I could find totals over £800! Over £1000 if I look at my current provider! So I have now looked at last years model which is also a very nice phone but will only save me around £100 which I am quite disappointed with, I thought it would have saved me more around the £200/£250 mark. I am extremely sceptical about buying a used phone because of the problems I have with my current phone that is barely 18 months old.
    Loan:1780.49 2207.38 Car Loan:2039.22 2419.64 0% CC:984.98 1063.48 Overdraft: 860 Overpayment:1781 Total: 7445.69 DFD Dec 18
    SPC 586
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 5th Dec 17, 7:58 PM
    • 2,217 Posts
    • 10,616 Thanks
    HairyHandofDartmoor
    I hope you feel better soon.

    Do you really NEED a new phone or do you just want a better one? That is a LOT of money for a new phone. DS1 got an excellent new phone for £150 not long ago which he is very pleased with and uses constantly. He pays £15 a month for 1g of data, loads of texts etc.
    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
    • WannabeFree
    • By WannabeFree 5th Dec 17, 8:02 PM
    • 412 Posts
    • 2,813 Thanks
    WannabeFree
    I agree with HH

    I got a note 4 over 2 years ago from a second hand phone place it cost £150 and lasted me until I washed it last month! It was brilliant. Not the latest model no but I am going to save to get the same one again as it was so good.

    I used it for everything as I had no laptop, it takes brilliant photos etc.

    I think spending nearly £1000 on a phone is scary

    I use Giffgaff sim and hardly ever run out of data/calls etc unless I'm away on holiday.
    “Once you hit rock bottom, that's where you perfectly stand; That's your chance of restarting, but restarting the right way.”
    • DebtFreeDuo
    • By DebtFreeDuo 5th Dec 17, 8:19 PM
    • 615 Posts
    • 3,013 Thanks
    DebtFreeDuo
    I do need a phone, my current one has a broken screen, overheats when in a pocket so loses charge and switches itself off when it still has plenty of charge left. I have really been trying to hang on until after Christmas before I even think about it but today it died at 50% and I really needed it for something and couldn't use it which made me worry about if I had a real emergency.

    I might go around to some second hand stores and see if I can find one, I'm just hugely sceptical about it. I would never ever spend nearly £1000 on a phone, I couldn't even spend near that on a laptop. I'm not going to make a decision on it yet, I'm really trying to get past making decisions spontaneously.
    Loan:1780.49 2207.38 Car Loan:2039.22 2419.64 0% CC:984.98 1063.48 Overdraft: 860 Overpayment:1781 Total: 7445.69 DFD Dec 18
    SPC 586
    • WannabeFree
    • By WannabeFree 5th Dec 17, 8:35 PM
    • 412 Posts
    • 2,813 Thanks
    WannabeFree
    I would say go with somewhere you get warranty just in case and for peace of mind. CEX or Musicmagpie etc will give 12 months I think. Also Cash converter is 12 months as I've used these for other electrical things.

    I very rarely buy anything new
    “Once you hit rock bottom, that's where you perfectly stand; That's your chance of restarting, but restarting the right way.”
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 5th Dec 17, 9:25 PM
    • 2,217 Posts
    • 10,616 Thanks
    HairyHandofDartmoor
    I would say go with somewhere you get warranty just in case and for peace of mind. CEX or Musicmagpie etc will give 12 months I think. Also Cash converter is 12 months as I've used these for other electrical things.

    I very rarely buy anything new
    Originally posted by WannabeFree
    Good advice from Wannabee.
    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
    • DebtFreeDuo
    • By DebtFreeDuo 5th Dec 17, 9:37 PM
    • 615 Posts
    • 3,013 Thanks
    DebtFreeDuo
    Have had a quick look at the websites, the cash converter website really isn't very good but CEX are looking reasonable. I think I am going to see where I am once I have paid off my loan in January, this will give me a month to see how I get on with my new budget and give me plenty of time to decide whether I am making the right decision. I'm hoping that my current phone doesn't get any worse in this time otherwise I may have to think about it a little sooner.
    Loan:1780.49 2207.38 Car Loan:2039.22 2419.64 0% CC:984.98 1063.48 Overdraft: 860 Overpayment:1781 Total: 7445.69 DFD Dec 18
    SPC 586
    • DebtFreeDuo
    • By DebtFreeDuo 6th Dec 17, 5:29 PM
    • 615 Posts
    • 3,013 Thanks
    DebtFreeDuo
    Back to reality today, the phone is definitely off the cards for at least the next month, I am going to see where I am at at the start of January even though it died again today at over 30%. I might find a little pot where I can put any birthday and christmas money, deduct the cost of my coat and then start a little saving pot towards a new phone.

    MOT today, I opted for a service and MOT which I think was a good call as I saved money on the MOT this way and it was seriously overdue a service. Total cost for service, MOT, change of brake fluid, new wiper blades and a new pipe for the back wipers £222.50. I get worried about taking my car for an MOT wondering if they are going to try and tell me that my car needs work that doesn't really need doing but I am extremely impressed with this garage. I signed up for a service plan with them which will ensure that I keep on top of taking the car in and also reassures me that my MOT is going to be done at the same time with a garage that I trust. 4 years of services (2 major, 2 minor) at 32 x £21, total cost £674. This also gives me free collection of my vehicle, free courtesy car and 10% off future work. It also gave me 10% off todays bill. Its interest free and if I change my car it will either transfer over or I will get a refund of whatever I haven't used.
    Loan:1780.49 2207.38 Car Loan:2039.22 2419.64 0% CC:984.98 1063.48 Overdraft: 860 Overpayment:1781 Total: 7445.69 DFD Dec 18
    SPC 586
    • DebtFreeDuo
    • By DebtFreeDuo 6th Dec 17, 6:41 PM
    • 615 Posts
    • 3,013 Thanks
    DebtFreeDuo
    Going through the paperwork of my service plan and I am not impressed, loaded up the prices of the service on the website of this company and it would appear that there has been a total of £54 added on to the cost. I'm not sure what this is for as I was advised that it was interest free. Can't contact them today but I will be in touch with them first thing tomorrow. I understand that companies have to make money with extra charges but if a company isn't going to be transparent with me then I won't be a happy customer. £54 is almost 10% of the balance when I could simply set up a standing order of my own to transfer the monthly amount over to and use it as and when needed. What was I saying about trust?!
    Loan:1780.49 2207.38 Car Loan:2039.22 2419.64 0% CC:984.98 1063.48 Overdraft: 860 Overpayment:1781 Total: 7445.69 DFD Dec 18
    SPC 586
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