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    • HairyHandofDartmoor
    • By HairyHandofDartmoor 24th Sep 17, 1:22 PM
    • 2,914Posts
    • 16,926Thanks
    HairyHandofDartmoor
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    • #1
    • 24th Sep 17, 1:22 PM
    Finally 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; 18-11-2017 at 9:49 AM.
    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 = £36.76/Loss of Income Fund £0
Page 78
    • please-let-me-be-lucky
    • By please-let-me-be-lucky 9th Jan 18, 9:47 AM
    • 8,509 Posts
    • 48,288 Thanks
    please-let-me-be-lucky
    Love that you didnít listen to yourself .

    Go DS3 .
    Debts @ LBM £23,729.31. Debts @ 08/04/2016 £0

    NSDs achieved in 2018 4/60
    Lbs lost 8.5/107.
    Savings for Florida £51.04/£1000
    • beanielou
    • By beanielou 9th Jan 18, 2:57 PM
    • 49,570 Posts
    • 186,595 Thanks
    beanielou
    So well done on the walking
    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 9th Jan 18, 5:31 PM
    • 2,914 Posts
    • 16,926 Thanks
    HairyHandofDartmoor
    Love that you didnít listen to yourself .

    Go DS3 .
    Originally posted by please-let-me-be-lucky
    I've learnt never to listen to myself Lucky
    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 = £36.76/Loss of Income Fund £0
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 9th Jan 18, 5:46 PM
    • 2,914 Posts
    • 16,926 Thanks
    HairyHandofDartmoor
    So well done on the walking
    Originally posted by beanielou
    Thanks beanie .

    It's been a productive day today .

    - We got work done
    - I did my walk
    - I bought some bits of food we needed
    - We joined the National Trust with our Christmas money
    - I paid NPower
    - DH collected DS1's sick note and posted it
    - I filled in my passport form
    - My payment for PA was sorted and I transfered it into my account .

    Whilst I was buying bits in Mr M I asked how to sign up for a loyalty card to collect points, so that's all sorted now. I don't buy from Mr M that often, but when I do I may as well get points. I also found my Boots Advantage card in an old handbag and put it in my purse so I can collect points there too .

    When DS2 was in America I was worried because DH and I don't have a passport and couldn't go out there if he got into trouble. So my stepdad offered to give me the money to get a passport, which is very nice of him . I want to save up so that DH can get one too.

    I got two more PA surveys today too, for 90p and 25p .

    So all in all a good day's work .
    Last edited by HairyHandofDartmoor; 09-01-2018 at 5:51 PM.
    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 = £36.76/Loss of Income Fund £0
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 9th Jan 18, 5:53 PM
    • 2,914 Posts
    • 16,926 Thanks
    HairyHandofDartmoor
    And I've done 10,198 steps so far today . I feel tired out now though, I feel an early night coming on
    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 = £36.76/Loss of Income Fund £0
    • Purplemumof2
    • By Purplemumof2 9th Jan 18, 6:59 PM
    • 5,565 Posts
    • 20,319 Thanks
    Purplemumof2
    Wow you have been productive, even I'm tired reading that.

    What a nice gesture off stepdad and fingers crossed you'll get your passport back quickly xx
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £6900.00 Cap 1: £467.97 BC: £6900.00

    AFD 4/14 NSD 9/17 LTW 10/17
    POAMAYC 2018 #041 PD £878.17/£4000
    20p Savers 2018 £2 Savers 2018 50p Savers 2018 SPC 11 2018 #003
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 9th Jan 18, 7:10 PM
    • 2,914 Posts
    • 16,926 Thanks
    HairyHandofDartmoor
    Thanks Purplemum, I hope they won't be too busy at this time of year. I just need to get it countersigned by my friend because my old passport photo is years ago and I look a bit different (older) 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. Then save up for repairs to the house.
    Emergency Fund 1 = £818/Emergency Fund 2 = £36.76/Loss of Income Fund £0
    • Sun Addict
    • By Sun Addict 9th Jan 18, 7:38 PM
    • 4,993 Posts
    • 30,994 Thanks
    Sun Addict
    Sounds like a very productive day indeed We had to renew our passports last year, they're so expensive, very kind of your step dad to pay for yours.
    Virtual Sealed Pot 2018 £106.40
    Jan NSDs 6 Jan AFDs 6
    Weight loss 2.5/10LBS Emergency Fund £1685.31/£10,000
    April holiday £0/£900
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 9th Jan 18, 7:43 PM
    • 2,914 Posts
    • 16,926 Thanks
    HairyHandofDartmoor
    Yes it's very kind of him .
    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 = £36.76/Loss of Income Fund £0
    • Seasidegal58
    • By Seasidegal58 9th Jan 18, 8:01 PM
    • 1,427 Posts
    • 8,248 Thanks
    Seasidegal58
    Well done on the walk today Hairy!. I have to get up a ruddy great hill when I walk home from the station so I know how you felt!

    Handy that you found your Advantage card. I always use mine in Boots and the points are generous and quickly add up.

    Good news on the passport funding as well! Has DS2 mentioned America any more?
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Save for New Kitchen!
    Surveys: PA: £15.78/£20; One Poll: £15.40/£40: Opinium: £10.50/£25; Panelbase: £5/£10; You Gov: 1625/5000 points (£50)
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 9th Jan 18, 8:20 PM
    • 2,914 Posts
    • 16,926 Thanks
    HairyHandofDartmoor
    At least it's downhill when we leave the house SSG .

    DS2 has said he wants to go again soon but hasn't given a date yet . It's his 23rd birthday on Friday so at least he'll be here for that .
    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 = £36.76/Loss of Income Fund £0
    • Seasidegal58
    • By Seasidegal58 9th Jan 18, 8:28 PM
    • 1,427 Posts
    • 8,248 Thanks
    Seasidegal58
    Thatís good that youíve got him for the foreseeable future. Are you planning anything family wise for his birthday?
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Save for New Kitchen!
    Surveys: PA: £15.78/£20; One Poll: £15.40/£40: Opinium: £10.50/£25; Panelbase: £5/£10; You Gov: 1625/5000 points (£50)
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 9th Jan 18, 8:34 PM
    • 2,914 Posts
    • 16,926 Thanks
    HairyHandofDartmoor
    In previous years he's never wanted to do anything with us, but I think we should suggest something as this year things could be different. I'm glad you said that .

    We can't afford a meal out, but we could suggest a takeaway and watching a film together at home.

    I'm going to get him a birthday cake 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. Then save up for repairs to the house.
    Emergency Fund 1 = £818/Emergency Fund 2 = £36.76/Loss of Income Fund £0
    • Cumbria lass
    • By Cumbria lass 9th Jan 18, 9:01 PM
    • 1,096 Posts
    • 6,009 Thanks
    Cumbria lass
    Hairy I am exhausted reading what you have done today. I would definitely be in bed early.
    Nov 2017 CC1 £3209 CC2 £308

    Debt Free Nov 2019: earlier if I have my way
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 9th Jan 18, 9:10 PM
    • 2,914 Posts
    • 16,926 Thanks
    HairyHandofDartmoor
    I wish I was in bed now, so I think I'll be going soon .
    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 = £36.76/Loss of Income Fund £0
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 10th Jan 18, 9:15 AM
    • 2,914 Posts
    • 16,926 Thanks
    HairyHandofDartmoor
    Happy Wednesday everyone .

    Today is Mr T day and I really need to stick to my budget this week. Last week we seemed to lose the plot completely and despite spending £87 in Mr T , I then spent another £9 on Saturday, then £9 yesterday in Mr M and £6 the day before .

    This is unsustainable and can't carry on. I need to do a meal plan before I go and stick to my list. Although I need to get a birthday cake for DS2 and some birthday treats .

    I was really tired after my walk yesterday and woke up in the night with sore stiff back muscles and achy stiff legs. Ibuprofen helped me go back to sleep and it just goes to show that I need more exercise!

    Have a great day everyone .
    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 = £36.76/Loss of Income Fund £0
    • mummytogirls
    • By mummytogirls 10th Jan 18, 4:12 PM
    • 5,811 Posts
    • 20,279 Thanks
    mummytogirls
    Such a productive day for you yesterday HHOD, well done you.

    Hope you managed to stick to the budget in Mr T's. It really is lethal going in different shops for bits isn't it!!! xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6069.37 - 02/01/18 - 73.80% paid off
    • Cumbria lass
    • By Cumbria lass 10th Jan 18, 7:53 PM
    • 1,096 Posts
    • 6,009 Thanks
    Cumbria lass
    Would you be better doing a online order than going in store ? My legs are also aching HH, it takes a while to get back into the exercising.
    Nov 2017 CC1 £3209 CC2 £308

    Debt Free Nov 2019: earlier if I have my way
    • Seasidegal58
    • By Seasidegal58 10th Jan 18, 8:19 PM
    • 1,427 Posts
    • 8,248 Thanks
    Seasidegal58
    In previous years he's never wanted to do anything with us, but I think we should suggest something as this year things could be different. I'm glad you said that .

    We can't afford a meal out, but we could suggest a takeaway and watching a film together at home.

    I'm going to get him a birthday cake tomorrow .
    Originally posted by HairyHandofDartmoor
    That would be lovely to have a family evening - and get him to pick the takeaway and film.

    Happy Wednesday everyone .

    Today is Mr T day and I really need to stick to my budget this week. Last week we seemed to lose the plot completely and despite spending £87 in Mr T , I then spent another £9 on Saturday, then £9 yesterday in Mr M and £6 the day before .

    This is unsustainable and can't carry on. I need to do a meal plan before I go and stick to my list. Although I need to get a birthday cake for DS2 and some birthday treats .

    I was really tired after my walk yesterday and woke up in the night with sore stiff back muscles and achy stiff legs. Ibuprofen helped me go back to sleep and it just goes to show that I need more exercise!

    Have a great day everyone .
    Originally posted by HairyHandofDartmoor
    Re the birthday cake and treats, would it help setting a regular budget for family birthdays? Thatís what I do - if certainly helps.
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Save for New Kitchen!
    Surveys: PA: £15.78/£20; One Poll: £15.40/£40: Opinium: £10.50/£25; Panelbase: £5/£10; You Gov: 1625/5000 points (£50)
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 10th Jan 18, 8:36 PM
    • 2,914 Posts
    • 16,926 Thanks
    HairyHandofDartmoor
    I've asked DS2 if he'd like a takeaway and to watch a film together on Friday and he said "I don't know, maybe." So we'll wait and see. I hope he does want to.

    I set a budget of £50-£60 for presents usually and then buy a birthday cake for about £6. Then if we get a takeaway it will be about £5 each, so another £25. I don't think I can get it any lower than that without him having a bad birthday.

    It's not the best time of year for a birthday, but he always says he likes having his birthday close to Christmas .

    We could do with a separate birthdays pot SSG. We need so many savings pots we'll be like a virtual kitchenware shop soon .

    I overspent a bit in Mr T but not as badly as last week. I did buy a reduced price vacuum cup for drinking hot drinks from home when out and about, but that will be a one off. I do need to think more about my meal plans though and make them have cheaper ingredients. Although I was doing ok before Christmas .

    I've said to DH no top up shops though apart from milk, bread, fruit or toilet roll. If we run out of anything else then it's tough. I think it's the top up shops that have been our undoing. I also blame Christmas because it's really hard to get out of the 'spend' mindset once you're in 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. Then save up for repairs to the house.
    Emergency Fund 1 = £818/Emergency Fund 2 = £36.76/Loss of Income Fund £0
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