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    • HairyHandofDartmoor
    • By HairyHandofDartmoor 24th Sep 17, 1:22 PM
    • 2,795Posts
    • 16,202Thanks
    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 = £110.76/Loss of Income Fund £0
Page 79
    • Seasidegal58
    • By Seasidegal58 10th Jan 18, 8:51 PM
    • 1,400 Posts
    • 8,128 Thanks
    Seasidegal58
    You’re right about the top ups and Christmas. That’s why I like getting my groceries monthly on line and just top up on perishables like milk if needed. As I don’t drive it also saves my time at weekends when I could be grocery shopping and getting taxis. I’d much rather spend my precious weekends doing something I actually want to do!
    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, 9:10 PM
    • 2,795 Posts
    • 16,202 Thanks
    HairyHandofDartmoor
    Yes I can see many advantages in online shops. The trouble is they send over ripe fruit sometimes and stuff that needs using up within two days . I always rummage at the back of the shelf for the longest possible use by date .

    Also because I work from home it's an excuse to get out of the house. If I worked out of the house full time I would definitely do it online though .
    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 = £110.76/Loss of Income Fund £0
    • mummytogirls
    • By mummytogirls 10th Jan 18, 9:40 PM
    • 5,787 Posts
    • 20,124 Thanks
    mummytogirls
    Have you tried Mr Al's HHOD? Im a convert now xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6069.37 - 02/01/18 - 73.80% paid off
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 10th Jan 18, 9:41 PM
    • 2,795 Posts
    • 16,202 Thanks
    HairyHandofDartmoor
    Not really, I guess I should check it out .
    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 = £110.76/Loss of Income Fund £0
    • WannabeFree
    • By WannabeFree 10th Jan 18, 9:48 PM
    • 395 Posts
    • 5,577 Thanks
    WannabeFree
    Or meal plan and add things to the basket on Mr T, write a list and only take the money plus a couple of pounds for differences Can't overspend if you don't have the chance too

    Hope DS decides to have a family take away

    I have all 3 smalls birthdays soon They all fall within 2 weeks I didn't plan that very well
    “Once you hit rock bottom, that's where you perfectly stand; That's your chance of restarting, but restarting the right way.”
    • Cumbria lass
    • By Cumbria lass 10th Jan 18, 9:57 PM
    • 1,061 Posts
    • 5,819 Thanks
    Cumbria lass
    I understand where your coming from about getting out HH . I guess willpower is needed then !
    Nov 2017 CC1 £3209 CC2 £400

    Debt Free Nov 2019: earlier if I have my way
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 10th Jan 18, 10:07 PM
    • 2,795 Posts
    • 16,202 Thanks
    HairyHandofDartmoor
    Or meal plan and add things to the basket on Mr T, write a list and only take the money plus a couple of pounds for differences Can't overspend if you don't have the chance too

    Hope DS decides to have a family take away

    I have all 3 smalls birthdays soon They all fall within 2 weeks I didn't plan that very well
    Originally posted by WannabeFree
    That's a very good idea Wannabe about putting in the basket online to see how much it comes to .

    to three birthdays in two weeks!

    I understand where your coming from about getting out HH . I guess willpower is needed then !
    Originally posted by Cumbria lass
    My will power needs strengthening at the moment Cumbria, it's the Christmas effect .
    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 = £110.76/Loss of Income Fund £0
    • Nicnak
    • By Nicnak 11th Jan 18, 7:20 PM
    • 695 Posts
    • 3,822 Thanks
    Nicnak
    I have no will power either. It's like I just can't focus. x
    September 6th 2017 - Updated 3rd January 2018
    Credit Card £0 now: £1796 Tesco Loan £7500 = £773 Consolidation £15,000 = £14,725 Total = £25,330 £17,294 EMF #252 = £500/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #170
    • carbootcrazy
    • By carbootcrazy 11th Jan 18, 7:48 PM
    • 4,214 Posts
    • 23,656 Thanks
    carbootcrazy
    I hope you manage to arrange a birthday evening for DS that you are all happy with, HairyHand. Whatever you all do I hope it's fun

    Well, it never rains but it pours in Carboot world. I had to go somewhere important yesterday morning and my car wouldn't start. Dead as a dodo. OH took out the battery and took it to the nearest battery suppliers (quite a journey as we live way out 'in the sticks'). They tested it and it was kaput so he brought a new one back for me and fitted it. Car started like a dream this morning. I was dreading it being something more serious than the battery as my car is 15 years old (but has been cared for and has plenty of life left in it yet). It still looks good too, it isn't a rust bucket. I'd really like to keep it going until I'm debt free as my savings are purely to make Full&Final settlements not for buying a car. A car is essential here, no bus rpute nearer than 3 miles away and that's an infrequent service anyway. Our nearest village shop of any sort is 4.5 miles away.


    OH said he was feeling sorry for me as I'd had quite a lot of bad luck to cope with lately so when he bought a newspaper on his way back with the battery he bought me a Lucky Dip for last night's lottery. We don't do the lottery normally. It only went and won £25 for 3 correct numbers. The battery was £50 so with the winnings it turned out half price. Cheered me up no end.


    I hope everyone has had a good day. Been drizzly and foggy here most of the day, not exactly conducive to lifting the spirits
    Last edited by carbootcrazy; 11-01-2018 at 7:52 PM.
    Make £10 A Day Challenge 2017. Jan-Oct: £4500 ish
    Signing off for 2017, already smashed my year's target
    3-6 Months Emergency Fund Challenge #12: £3733.00/£5000.

    Original Debt: £56804 (@ LBM 02/13). Balance now: £12411
    . Getting there.
    • please-let-me-be-lucky
    • By please-let-me-be-lucky 11th Jan 18, 8:03 PM
    • 8,492 Posts
    • 48,176 Thanks
    please-let-me-be-lucky
    Great news carboot. Congratulations Xx

    Your boy’s birthday is a week before my DS2’s Hairy. January birthdays eh?! Xx
    Debts @ LBM £23,729.31. Debts @ 08/04/2016 £0

    NSDs achieved in 2018 3/60
    Lbs lost 8.5/107.
    Savings for Florida £51.04/£1000
    • abba1772
    • By abba1772 11th Jan 18, 8:05 PM
    • 4,144 Posts
    • 13,097 Thanks
    abba1772
    Or meal plan and add things to the basket on Mr T, write a list and only take the money plus a couple of pounds for differences Can't overspend if you don't have the chance too

    Hope DS decides to have a family take away

    I have all 3 smalls birthdays soon They all fall within 2 weeks I didn't plan that very well
    Originally posted by WannabeFree
    I thought i was bad for three kids birthdays in 4 weeks
    NEXT TARGET HALIFAX CC WAS July 17 £3572.57 NOW £4079.85
    POAMAYC 2011 £6382.66 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £8000.90
    POAMAYC 2017 £7278.80 POAMAYC 2018 £271.58
    • beanielou
    • By beanielou 11th Jan 18, 8:23 PM
    • 49,429 Posts
    • 185,855 Thanks
    beanielou
    Good news on the wee win car boot
    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***
    • mummytogirls
    • By mummytogirls 11th Jan 18, 8:34 PM
    • 5,787 Posts
    • 20,124 Thanks
    mummytogirls
    Another one with a January birthday child... also January birthday husband .

    Hope you've managed your walk today HHOD xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6069.37 - 02/01/18 - 73.80% paid off
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 11th Jan 18, 8:46 PM
    • 2,795 Posts
    • 16,202 Thanks
    HairyHandofDartmoor
    Great news carboot. Congratulations Xx

    Your boy’s birthday is a week before my DS2’s Hairy. January birthdays eh?! Xx
    Originally posted by please-let-me-be-lucky


    I thought i was bad for three kids birthdays in 4 weeks
    Originally posted by abba1772


    Another one with a January birthday child... also January birthday husband .

    Hope you've managed your walk today HHOD xx
    Originally posted by mummytogirls
    January birthdays are terrible . I know one of them is my fault but I have five birthdays (mainly nieces and nephews) this month.

    I didn't do my walk today MTG but I will 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 = £110.76/Loss of Income Fund £0
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 11th Jan 18, 8:48 PM
    • 2,795 Posts
    • 16,202 Thanks
    HairyHandofDartmoor
    I have no will power either. It's like I just can't focus. x
    Originally posted by Nicnak
    I'm hoping it will get better as we get further from Christmas and the sales end . I just need to avoid shops at the moment .
    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 = £110.76/Loss of Income Fund £0
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 11th Jan 18, 8:51 PM
    • 2,795 Posts
    • 16,202 Thanks
    HairyHandofDartmoor
    I hope you manage to arrange a birthday evening for DS that you are all happy with, HairyHand. Whatever you all do I hope it's fun

    Well, it never rains but it pours in Carboot world. I had to go somewhere important yesterday morning and my car wouldn't start. Dead as a dodo. OH took out the battery and took it to the nearest battery suppliers (quite a journey as we live way out 'in the sticks'). They tested it and it was kaput so he brought a new one back for me and fitted it. Car started like a dream this morning. I was dreading it being something more serious than the battery as my car is 15 years old (but has been cared for and has plenty of life left in it yet). It still looks good too, it isn't a rust bucket. I'd really like to keep it going until I'm debt free as my savings are purely to make Full&Final settlements not for buying a car. A car is essential here, no bus rpute nearer than 3 miles away and that's an infrequent service anyway. Our nearest village shop of any sort is 4.5 miles away.


    OH said he was feeling sorry for me as I'd had quite a lot of bad luck to cope with lately so when he bought a newspaper on his way back with the battery he bought me a Lucky Dip for last night's lottery. We don't do the lottery normally. It only went and won £25 for 3 correct numbers. The battery was £50 so with the winnings it turned out half price. Cheered me up no end.


    I hope everyone has had a good day. Been drizzly and foggy here most of the day, not exactly conducive to lifting the spirits
    Originally posted by carbootcrazy
    Bad news about the car battery Carboot but what a clever OH you have for being able to change the battery for you . Great news about the lottery win though .

    Where you live sounds lovely, no good for me though as I can't drive .
    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 = £110.76/Loss of Income Fund £0
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 11th Jan 18, 9:01 PM
    • 2,795 Posts
    • 16,202 Thanks
    HairyHandofDartmoor
    I've been a busy bee today .

    I did my first session of volunteering this morning (which was fun and very interesting), did a couple of hours work in the office, and then bought the rest of DS2's birthday presents this afternoon. I hope he likes them. .

    That's the only good thing about a January birthday, you can get presents in the sales .

    I've done 10,804 steps so far and have been good with my eating too .

    Tomorrow will be a fully home office based day so I should get lots of work done before the weekend.

    I hope everyone has had a good Thursday so far .
    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 = £110.76/Loss of Income Fund £0
    • beanielou
    • By beanielou 11th Jan 18, 9:07 PM
    • 49,429 Posts
    • 185,855 Thanks
    beanielou
    Good news on the volunteering
    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***
    • redofromstart
    • By redofromstart 11th Jan 18, 9:28 PM
    • 834 Posts
    • 4,806 Thanks
    redofromstart
    Nice high steps too
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 11th Jan 18, 9:54 PM
    • 2,795 Posts
    • 16,202 Thanks
    HairyHandofDartmoor
    Good news on the volunteering
    Originally posted by beanielou
    Nice high steps too
    Originally posted by redofromstart
    Thanks guys
    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 = £110.76/Loss of Income Fund £0
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