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    • HairyHandofDartmoor
    • By HairyHandofDartmoor 24th Sep 17, 1:22 PM
    • 1,389Posts
    • 3,394Thanks
    HairyHandofDartmoor
    Nearly Debt Free After 34 Years, But Still Need to Live Frugally
    • #1
    • 24th Sep 17, 1:22 PM
    Nearly Debt Free After 34 Years, But Still Need to Live Frugally 24th Sep 17 at 1:22 PM
    My DH and I have been in debt for 34 Years, apart from brief periods, ever since I was offered my first credit card at the tender age of19.

    Our debts were caused by us being impulsive spenders and not being very skilled at budgeting or managing our money, so we know it is our own fault. We always believed that one day we would have more money, mysteriously, and that this would bail us out .

    Our full light bulb moment came when we realised, "What if we never have any more money than we do right now?"

    A couple of years ago we were coping with the minimum payments, but didn't have enough to overpay on any of them. We were forking out £1300 a month in minimum payments, and the interest alone was £1000 a month .

    But then in 2015 our small business started to bring in less, and a family bereavement, and illness affected our ability to work. We could no longer afford the minimum repayments and we were scared we would lose our home. We were stricken with stress and depression .

    Step Change shone a light in the darkness for us and they arranged for us to make token payments of £1 a month to our creditors. This saved our sanity and we were reassured that our home was unlikely to be taken from us.

    My DH recently turned 55 and drew out his pension so that we could make full and final offers to our creditors. All but one accepted an offer of 50% of what we owed (which is all we had to offer). We are continuing negotiations with the final creditor and hope to be debt free by Christmas .

    Being so close to being debt free has made me realise what a heavy burden the debts have been all these years, like living our lives wearing lead boots.

    Once we are debt free we will still need to live very frugally because we have no emergency fund or savings, and our income can be irregular. I hope that starting a diary will help to focus me on frugal living, avoid impulsive spends, and keep my spirits up. Because frugal living can be a lonely and isolating experience.

    This site and Step Change has helped me so much, and I hope that my diary will help to inspire others that it's never too late to change your life .
    Last edited by HairyHandofDartmoor; 24-09-2017 at 1:25 PM.
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt at highest = £58,766
    Current debt = £16,234, Emergency Fund = £200
    Long Hauler No. 156 Spendaholics Anonymous No. 47
Page 11
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 11th Oct 17, 6:15 PM
    • 1,389 Posts
    • 3,394 Thanks
    HairyHandofDartmoor
    Wish I could be brave enough to use a hairdressing college Hairy. I have a problem with my thinning hair and only trust my longstanding hairdresser to cut and highlight it. He is very good and gives me discounts but I'd save oodles using a college.
    Originally posted by Seasidegal58
    It was either that or get DH to do it

    It did seem a bit of a gamble but I was desperate for a hair cut and reluctant to pay £20 - £30 for a cut. Someone I knew had been there and her hair looked nice so I thought I'd give it a go.

    My hair was cut by a Level 2 hairdressing student and the teacher was keeping a close eye on what was happening. I was pleased with the results, but maybe I was just lucky
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt at highest = £58,766
    Current debt = £16,234, Emergency Fund = £200
    Long Hauler No. 156 Spendaholics Anonymous No. 47
    • redofromstart
    • By redofromstart 11th Oct 17, 9:22 PM
    • 392 Posts
    • 2,001 Thanks
    redofromstart
    I keep meaning to try the beauty bit at our local college . The supervisor in the hair bit is my hairdresser of some years so that might be rather awkward...
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 11th Oct 17, 10:02 PM
    • 1,389 Posts
    • 3,394 Thanks
    HairyHandofDartmoor
    Hmmm yes could be awkward
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt at highest = £58,766
    Current debt = £16,234, Emergency Fund = £200
    Long Hauler No. 156 Spendaholics Anonymous No. 47
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 12th Oct 17, 7:26 AM
    • 1,389 Posts
    • 3,394 Thanks
    HairyHandofDartmoor
    Today's plan is walk and work. Not very exciting. I'm going to keep an eye out for more surveys too.

    Oops just remembered that I've been invited to a mum's night out with some friends tonight. One of them has just finished chemotherapy and the meal is to celebrate, so I must go because I want to see her and see how she is. Although I wish I could avoid spending the money We tend to split the bill so I hope everybody doesn't order steak DH has offered to drop us off and pick us up to save on taxi fares. We usually get together about once every six months.

    DH and I are also meeting some relatives who we don't see very often for lunch and to spend the day together on Sunday. If it was just me I'd take a picnic, but my parents are going too and it's a bit cold for them to be picnicking at their age

    At least we won't have to split the bill so I can order something cheap to save money. Soup and a roll is often the cheapest option I've noticed. I hate spending money on food when I could take food from home and eat for free I'm such a skinflint. It will be lovely to see them though

    Have a lovely Thursday everyone
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt at highest = £58,766
    Current debt = £16,234, Emergency Fund = £200
    Long Hauler No. 156 Spendaholics Anonymous No. 47
    • Sun Addict
    • By Sun Addict 12th Oct 17, 8:11 AM
    • 4,422 Posts
    • 24,676 Thanks
    Sun Addict
    Fab card idea I used to have a book with slots to put cards on each page and the months where you wrote whose birthday it is, a page and slot for each month. No idea where it is if I've still got it.

    Have a good Thursday
    Virtual Sealed Pot £656.24
    October NSD 5/15
    Weight loss 0/7lbs
    Mr SA finally in remission December 2013
    • Seasidegal58
    • By Seasidegal58 12th Oct 17, 9:42 PM
    • 895 Posts
    • 4,698 Thanks
    Seasidegal58
    Enjoy your meal and celebration with your friends this evening Hairy.
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Save for New Kitchen!
    My debt free diary - " Paid off the £31,000 - BUT still scrimping!"
    • beanielou
    • By beanielou 12th Oct 17, 9:46 PM
    • 47,702 Posts
    • 172,957 Thanks
    beanielou
    Enjoy your meal and celebration with your friends this evening Hairy.
    Originally posted by Seasidegal58
    Ditto from me.
    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***
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 13th Oct 17, 8:42 AM
    • 1,389 Posts
    • 3,394 Thanks
    HairyHandofDartmoor
    Thanks SSG and beanie and SA. I really enjoyed catching up with the gossip. It wasn't too expensive either as it was pub grub. My main course was £7.95, we didn't have a starter or a dessert and paid £5 each towards wine, so I spent £12.95 in total. My friend who had had cancer seemed to be recovering well

    I gave DS3 £8 yesterday for two days bus fares. But that was my only other spending yesterday.

    I'm feeling a bit dopey today after wine last night, plus we dropped DS1 at the coach station at 8.00am as he's staying with friends in Cardiff for a couple of days

    Hoping to have a NSD today, do some surveys and get lots of work done.

    Have a good Friday everyone
    Last edited by HairyHandofDartmoor; 13-10-2017 at 8:53 AM.
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt at highest = £58,766
    Current debt = £16,234, Emergency Fund = £200
    Long Hauler No. 156 Spendaholics Anonymous No. 47
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 13th Oct 17, 9:12 AM
    • 1,389 Posts
    • 3,394 Thanks
    HairyHandofDartmoor
    I forgot to say that yesterday I transferred £15.79 of survey money into paypal and when it appears I'm going to add it to my car/Christmas savings account That will make the total £33.80.
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt at highest = £58,766
    Current debt = £16,234, Emergency Fund = £200
    Long Hauler No. 156 Spendaholics Anonymous No. 47
    • Purplemumof2
    • By Purplemumof2 13th Oct 17, 10:31 AM
    • 5,206 Posts
    • 17,377 Thanks
    Purplemumof2
    Sounds like you had a great evening Hairy

    Have a lovely day xx
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £7250.00 Cap 1: £540.91 BC: £5196.94

    AFD 3/10 NSD 2/10 LTW 3/15

    20p Savers 2017 £2 Savers 2017 50p Savers 2017 SPC 10 2017 #003
    • beanielou
    • By beanielou 13th Oct 17, 3:27 PM
    • 47,702 Posts
    • 172,957 Thanks
    beanielou
    Glad that you had a good night
    Happy Friday
    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***
    • please-let-me-be-lucky
    • By please-let-me-be-lucky 13th Oct 17, 4:41 PM
    • 8,228 Posts
    • 45,579 Thanks
    please-let-me-be-lucky
    Glad you had a good night and avoided paying for other people's steak Xx
    Debts @ LBM £23,729.31. Debts @ 08/04/2016 £0

    NSDs achieved in October 5/5
    Lbs lost 16/107.
    • Sun Addict
    • By Sun Addict 13th Oct 17, 4:45 PM
    • 4,422 Posts
    • 24,676 Thanks
    Sun Addict
    Sounds like a great night. Have a fab weekend
    Virtual Sealed Pot £656.24
    October NSD 5/15
    Weight loss 0/7lbs
    Mr SA finally in remission December 2013
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 13th Oct 17, 6:39 PM
    • 1,389 Posts
    • 3,394 Thanks
    HairyHandofDartmoor
    Glad you had a good night and avoided paying for other people's steak Xx
    Originally posted by please-let-me-be-lucky
    Haha yes me too
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt at highest = £58,766
    Current debt = £16,234, Emergency Fund = £200
    Long Hauler No. 156 Spendaholics Anonymous No. 47
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 13th Oct 17, 6:41 PM
    • 1,389 Posts
    • 3,394 Thanks
    HairyHandofDartmoor
    Thanks purplemum, beanie, lucky and SA. Have a relaxing Friday night
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt at highest = £58,766
    Current debt = £16,234, Emergency Fund = £200
    Long Hauler No. 156 Spendaholics Anonymous No. 47
    • mummytogirls
    • By mummytogirls 13th Oct 17, 7:12 PM
    • 5,496 Posts
    • 17,023 Thanks
    mummytogirls
    So glad you had a lovely meal out and catch up last night HHOD. Its nice to get out every now and then.

    Have a lovely weekend xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 13th Oct 17, 7:18 PM
    • 1,389 Posts
    • 3,394 Thanks
    HairyHandofDartmoor
    Thank you mtg I'm sure it did me good
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt at highest = £58,766
    Current debt = £16,234, Emergency Fund = £200
    Long Hauler No. 156 Spendaholics Anonymous No. 47
    • Cumbria lass
    • By Cumbria lass 13th Oct 17, 7:49 PM
    • 605 Posts
    • 2,249 Thanks
    Cumbria lass
    Glad you enjoyed your evening out, not expensive at all. Have a good weekend with your relatives .
    Aug 2017 CC1 £3549 CC 2 £1000

    Debt Free Nov 2019: earlier if I have my way
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 13th Oct 17, 8:15 PM
    • 1,389 Posts
    • 3,394 Thanks
    HairyHandofDartmoor
    Thanks Cumbria
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt at highest = £58,766
    Current debt = £16,234, Emergency Fund = £200
    Long Hauler No. 156 Spendaholics Anonymous No. 47
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 14th Oct 17, 8:46 AM
    • 1,389 Posts
    • 3,394 Thanks
    HairyHandofDartmoor
    Today's plan is to go into town and only spend £8 on general stuff including bus fares, and coffee. Then my limit is £8 in Tesco for a top up shop of fruit etc. If I manage to keep to that budget then I can transfer £4 to my savings account

    I've also got a rucksack full of books to drop off at the charity shop, part of my seemingly never ending quest to de-clutter the entire house

    I tried to shred some old paperwork yesterday but after four sheets the shredder became hopelessly clogged up and I couldn't unclog it even with tweezers . DH and I have been wondering if a burn barrel would be a better way of getting rid of our paper clutter. Has anyone tried burning paper in one of those?

    After that I need to clean out the furry moron (who is running around the living room right now), vacuum the living room and hall, empty all the bins and do some laundry. Then I'm going to put my feet up

    It's very dark and gloomy this morning but I'm hoping it will brighten up later. Have a great Saturday everyone
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt at highest = £58,766
    Current debt = £16,234, Emergency Fund = £200
    Long Hauler No. 156 Spendaholics Anonymous No. 47
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