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    • HairyHandofDartmoor
    • By HairyHandofDartmoor 24th Sep 17, 1:22 PM
    • 2,234Posts
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    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
    Emergency Fund 1 = £818/Emergency Fund 2 = £203.76
Page 8
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 6th Oct 17, 7:30 AM
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    HairyHandofDartmoor
    Well it's Friday, so only one more working day until DH can ring the final creditor. I'm trying not to get too excited about it as we probably won't get an immediate response and even then it may be a no.

    It will probably go along the lines of:
    DH Did you receive our letter?
    CREDITOR What letter?
    DH The letter we sent you a week Friday
    CREDITOR Oh yes we do seem to have received that. I'll speak to my manager about it and ring you tomorrow with his response.

    Sigh . Still at least it will restart the process after a five week delay. Nothing happens quickly in Debtland .

    I didn't have a NSD yesterday after all as I had forgotten to factor in DS3's bus money, so another £5 down the drain. I'm going to find out exactly where he can catchthe free college bus as his journey will then cost us £2.20 instead of £4. It's lucky he only goes in three days a week, but that will still be £2.20 x 3 = £6.60 A week that I didn't include in my budget .

    You can see how we got into debt can't you ?

    Anyway DS3 has decided to stay home today as it's his birthday and only a half day at college, so some money saved there .

    Today's plan is walk followed by work again and hoping for a NSD and lots of surveys.

    Have a good Friday 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
    Emergency Fund 1 = £818/Emergency Fund 2 = £203.76
    • please-let-me-be-lucky
    • By please-let-me-be-lucky 6th Oct 17, 7:57 AM
    • 8,400 Posts
    • 47,240 Thanks
    please-let-me-be-lucky
    Happy Birthday DS3! Hope you all have a lovely day Xx
    Debts @ LBM £23,729.31. Debts @ 08/04/2016 £0

    NSDs achieved in December 1/5
    Lbs lost 10/107.
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 6th Oct 17, 8:50 AM
    • 2,234 Posts
    • 10,752 Thanks
    HairyHandofDartmoor
    Thanks lucky I'm sure he will enjoy his birthday. He has chocolate, beer, birthday cake, new jeans, books, plus the new phone we clubbed together with my parents to buy. He's also going to decide whether he wants a takeaway tonight for his dinner
    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
    • beanielou
    • By beanielou 6th Oct 17, 6:03 PM
    • 49,035 Posts
    • 182,045 Thanks
    beanielou
    I remember when my DS was at college the bus fares were shocking & the bus did not turn up half the time
    Happy birthday to your DS
    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 6th Oct 17, 7:36 PM
    • 2,234 Posts
    • 10,752 Thanks
    HairyHandofDartmoor
    Thanks Beanie. Yes the fares are shocking, particularly as we can't claim any benefits for him due to his age . Still we want him to go to college for his own good.

    Today I did about three surveys for PA and my total is now £2.25 plus £4 pending

    Tonight we're having a takeaway for DS3's birthday treat. DS2 didn't want one as he's on a healthy eating kick, so it will come to £25 for four of us. Cheaper than going out anyway plus I don't have to cook .

    The mortgage payment went out today which is our single biggest payment and I transferred £100 into our emergency fund.

    I'm feeling quite tired so I'm glad it's Friday and I don't have to set the alarm. I'll probably wake up around 7.30 anyway but it's a bit of a lie in.

    Have a relaxing evening everyone .
    Last edited by HairyHandofDartmoor; 06-10-2017 at 7:40 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
    Emergency Fund 1 = £818/Emergency Fund 2 = £203.76
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 7th Oct 17, 1:27 PM
    • 2,234 Posts
    • 10,752 Thanks
    HairyHandofDartmoor
    I'm back from the shops and almost stuck to my budget.

    My general spends today were as follows:
    £2.10 bus fare
    £3 on books
    £2.65 on coffee
    Total general spends = £7.75 (so within my £8 budget ☺)

    Food spends:
    £1.38 bananas
    £1.00 satsumas
    £0.50 80 value teabags
    £1.50 80 decaff teabags
    £1.00 kitchen towel
    £1.00 Ripple 4 pack (treat for DH & DS1)
    £2.50 fruit pot (keeps me off the booze on a Sunday night)
    £1.25 3 mini fruit packs (treat for DH & DS1)
    Total food spend = £10.13 (£2.13 over my £8 budget)

    Total overall spends = £17.13

    So the spending could be a lot worse. They still had sales on in lots of shops, but I just told myself that I don't need anything and sailed past ☺
    Last edited by HairyHandofDartmoor; 07-10-2017 at 1:29 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
    Emergency Fund 1 = £818/Emergency Fund 2 = £203.76
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 7th Oct 17, 1:44 PM
    • 2,234 Posts
    • 10,752 Thanks
    HairyHandofDartmoor
    I haven't found my really old money saving ideas list, but I can remember some of the things that were on it. For example:

    Stop buying Radio Times
    Cancel milkman (buy milk in Tesco instead)
    Stop buying daily choc in corner shop (bulk buy in Tesco instead)
    Cancel Stagecoach for 3 kids ( saved us a fortune!)
    Stop buying milkshakes (buy Nesquik instead)
    Cancel premium current account (change to free one)
    Hold kids birthday parties at home instead of expensive play barns
    Cancel washing machine insurance
    Only eat out on birthdays or our wedding anniversary
    Downgrade baked beans, teabags, tinned tomatoes & margarine to value brands

    I'm sure there was a lot more on the list but that's all that comes to mind now. I can see how we got into debt 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
    Emergency Fund 1 = £818/Emergency Fund 2 = £203.76
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 7th Oct 17, 1:50 PM
    • 2,234 Posts
    • 10,752 Thanks
    HairyHandofDartmoor
    DH is sanding the front door at the moment ready for a new coat of paint

    Once I tear myself away from here I will do the following:

    1 Clean out the bunny (or the furry moron as we call him)
    2 Vacuum the lounge
    3 Empty all the bins in the house and sort them into recycling, general rubbish, etc
    4 Do yet more laundry
    5 Sit down with a cuppa

    Have a lovely Saturday 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
    Emergency Fund 1 = £818/Emergency Fund 2 = £203.76
    • beanielou
    • By beanielou 7th Oct 17, 1:53 PM
    • 49,035 Posts
    • 182,045 Thanks
    beanielou
    Pass me a ripple Thanks.
    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 7th Oct 17, 1:57 PM
    • 2,234 Posts
    • 10,752 Thanks
    HairyHandofDartmoor
    Tempting I know and cheap too at 4 for £1
    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
    • Purplemumof2
    • By Purplemumof2 7th Oct 17, 6:52 PM
    • 5,286 Posts
    • 18,597 Thanks
    Purplemumof2
    1 Clean out the bunny (or the furry moron as we call him)
    Originally posted by HairyHandofDartmoor
    furry moron
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £7000.00 Cap 1: £457.35 BC: £5000.00

    AFD 0/10 NSD 0/10 LTW 0/10
    POAMAYC 2018 #?? PD £0.00/£4000
    20p Savers 2017 £2 Savers 2017 50p Savers 2017 SPC 11 2018 #003
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 7th Oct 17, 7:33 PM
    • 2,234 Posts
    • 10,752 Thanks
    HairyHandofDartmoor
    Our bunny is extremely dumb purplemum. When we let him out of his cage he runs around the living room trying to bite electrical wires, shoelaces, the skirting board; you name it and he tries to chew it

    He's also very moronic when it comes to his food; he doesn't know it's there even if it's right in front of him

    But he's very cute so we love him anyway
    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
    • Purplemumof2
    • By Purplemumof2 7th Oct 17, 7:48 PM
    • 5,286 Posts
    • 18,597 Thanks
    Purplemumof2
    Lol he sounds like a right character
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £7000.00 Cap 1: £457.35 BC: £5000.00

    AFD 0/10 NSD 0/10 LTW 0/10
    POAMAYC 2018 #?? PD £0.00/£4000
    20p Savers 2017 £2 Savers 2017 50p Savers 2017 SPC 11 2018 #003
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 7th Oct 17, 7:55 PM
    • 2,234 Posts
    • 10,752 Thanks
    HairyHandofDartmoor
    He certainly is. He's old enough to know better too because he's four years old which is probably middle aged for a bunny . He may be useful at Easter 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
    Emergency Fund 1 = £818/Emergency Fund 2 = £203.76
    • DebtFreeDuo
    • By DebtFreeDuo 7th Oct 17, 8:01 PM
    • 619 Posts
    • 3,019 Thanks
    DebtFreeDuo
    Now I want a ripple and I have no chocolate in the house! Well done on passing straight past the sales, its hard not to think 'oh I'll just have a quick look' and then spend a few quid before you can even stop yourself.
    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 7th Oct 17, 8:22 PM
    • 2,234 Posts
    • 10,752 Thanks
    HairyHandofDartmoor
    I didnt realise mentioning the word Ripple would cause so many cravings

    I've done that so many times DFD but I refuse to be lured in now. I just think, yeah up to 50% off the stuff you couldn't sell at full price because it's probably rubbish to start with.

    Posting on here every day helps too
    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
    • Purplebonnie
    • By Purplebonnie 8th Oct 17, 7:48 AM
    • 89 Posts
    • 577 Thanks
    Purplebonnie
    You are right about sales stuff. I have so much stuff that I don't use that has been bought in sales. A lot of it is going in a car boot sale next week. Is it wrong that I now fancy chocolate at 0747 after reading these posts? HaHa!
    September 2017 Total Debt £37188.89 / DFD 01/05/22
    October 2017 Debt £36149.48 / DFD 01/04/22
    Extra Payments : 0.1% = £37.19 Total paid 0.3%
    MBNA - £5350.73

    October Food Budget : £200/£114.94 Extra Income £100 /£81.06
    SFD : 8/31 Weight Loss (Goal 8lbs) :
    • Purplemumof2
    • By Purplemumof2 8th Oct 17, 8:13 AM
    • 5,286 Posts
    • 18,597 Thanks
    Purplemumof2
    Morning Hairy,

    Have a lovely day x
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £7000.00 Cap 1: £457.35 BC: £5000.00

    AFD 0/10 NSD 0/10 LTW 0/10
    POAMAYC 2018 #?? PD £0.00/£4000
    20p Savers 2017 £2 Savers 2017 50p Savers 2017 SPC 11 2018 #003
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 8th Oct 17, 9:50 AM
    • 2,234 Posts
    • 10,752 Thanks
    HairyHandofDartmoor
    The chocolate cravings strike again Bonnie

    Thanks purplemum

    Today's plan is to take a broken floor fan, a shedding rug, a hose for our previous Hoover and a large dead plant to the tip.

    I may not have mentioned before that one of my goals is to de-clutter the entire house to make cleaning easier and for more efficient living. I love a minimal look but it's hard to achieve in a house with four messy adults and one tidy one (can you guess which is which?) Yesterday I took some of DH's old shirts, two books and some clip frames to the charity shop. I try and offload some clutter every Saturday

    DH is planning a second coat of paint on the front door (I'm so pleased he's doing this), whilst I need to do more laundry and clean the bathroom. And it's finally stopped raining

    Have a great Sunday 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
    Emergency Fund 1 = £818/Emergency Fund 2 = £203.76
    • MiMi66
    • By MiMi66 8th Oct 17, 11:16 AM
    • 176 Posts
    • 536 Thanks
    MiMi66
    Hi Hairy Hands!

    I just read through your diary and so many similarities between us with the way debt has accrued and the challenges of living to a budget. Well done on negotiating those Full and Final payments and I hope so much you get good news tomorrow from your last creditor.

    I will subscribe and try to give you some of the care and support you have given me to get through my very dark times. Thank you so much for that - literally life saving and the value of these forums is down to people like you taking the time to support others xx
    MiMi66 01/10/17 NWCC: £4756/£4974; NW loan: £9187/£10097 - 3.4%; M&S:£5702 /£6502; VIRGIN: £6814 / £7096; Halifax: £9005 /£9485;
    =
    £35464 / £38154 Amount pd off cc £2690
    DFD 01/04/2022 52/55 payments to go!
    Mtgage1 - £74727/ £107K
    Mtgage2 - £12840/ £19K Overall M'gage £87567
    Overall Mortgage and debt - £123031/(£127451 30/08/17)
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