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  • FIRST POST
    • Purplebonnie
    • By Purplebonnie 29th Sep 17, 8:06 AM
    • 89Posts
    • 562Thanks
    Purplebonnie
    I Just Want To Retire Debt Free
    • #1
    • 29th Sep 17, 8:06 AM
    I Just Want To Retire Debt Free 29th Sep 17 at 8:06 AM
    Four years ago I already had a fair few debts, but had a well paid job so it wasn't such an issue. Stress and bad management caused me to give up the job and I have spent the last four years in part time jobs, robbing Peter to pay Paul and adding to my debts, a situation which was basically unsustainable. I loved working part time and all I really want to do is retire, but that is impossible with all my debts.
    Last month I was offered a fabulous new job on a great salary, which I have taken with the sole intention of paying off all my debts as quickly as possible. At the beginning of the month I collected together all the debts on a snowball app and came up with a total figure of £37,188.89 and a DFD of 01/05/22. I came up with a basic budget including food, petrol, presents etc. I have a 100 square grid and with each square representing £37.19 (0.1% of my total debt) which I will colour in every time I pay an extra 0.1% of my debts. A full grid is 10% of my total debts. Today was my first 'proper' pay day I have paid rounded up minimum payments to everyone. I have also paid an extra 0.1% total debt to the first credit card that I am going to concentrate on (the most expensive). To my amazement I have paid off over £1000 and my DFD dropped by a month. That felt sooooo good!
    Well, that is my introduction and background. Now I am going to revisit my budget, look at where I can cut back or reduce outgoings and get ready for a frugal time ahead. I CAN do this!

    September 2017 Total Debt £37188.89 / DFD 01/05/22
    October 2017 Debt £36149.48 / DFD 01/04/22
    0.1% = £37.19 Total paid 0.3%
    MBNA - £5350.73
    Last edited by Purplebonnie; 02-10-2017 at 10:23 AM. Reason: Include signature
Page 2
    • Moneywhizz
    • By Moneywhizz 30th Sep 17, 9:09 AM
    • 117 Posts
    • 516 Thanks
    Moneywhizz
    Hi EnthusiasticSaver

    'I love the security and peace of mind of knowing we don't have debt and have a savings cushion' and that is where I definitely want to get to.
    Originally posted by Purplebonnie
    I can echo that. I have been free from debt for a long time but am still grateful for the position I am in now, with savings behind me and the freedom to choose how I want to spend my money.

    It's well worth the short term sacrifices to get to that position. Well done for realising this.
    • Purplebonnie
    • By Purplebonnie 30th Sep 17, 9:16 AM
    • 89 Posts
    • 562 Thanks
    Purplebonnie
    Hi MoneyWhizz,

    Thanks for popping in and the encouragement. Have a good weekend.
    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) :
    • UncannyScot
    • By UncannyScot 30th Sep 17, 12:09 PM
    • 711 Posts
    • 3,355 Thanks
    UncannyScot
    A question. Has anyone else having started on your debt free journey also felt the need to sort out other areas of your life? ... Wasting money is as bad as spending money you don't have, right? ...
    Originally posted by Purplebonnie
    Thanks for visiting my diary
    This absolutely resonates with me Purplebonnie...
    I try to save on everything that I can
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
    • Purplebonnie
    • By Purplebonnie 30th Sep 17, 12:31 PM
    • 89 Posts
    • 562 Thanks
    Purplebonnie
    Morning UncannyScot.

    I try to and will try even harder now

    Right now I am making creamy mushroom & barley soup because I needed to use up some grotty carrots and celery in the bottom of the fridge. It smells lovely, but got to wait until hubby finishes work before I can eat it. I am also going through my shopping list and seeing what I can do without or substitute. Think I will make some hummus this afternoon, rather than buy it. I eat tons of the stuff so it has to be cheaper and healthier to make it myself and I already have the ingredients. Small steps but trying to change my mindset.
    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) :
    • UncannyScot
    • By UncannyScot 30th Sep 17, 12:38 PM
    • 711 Posts
    • 3,355 Thanks
    UncannyScot
    I plan to do steak n ale in the slow cooker this weekend...
    Also some baking to do and possibly some brewing too...
    Keeps me busy and saves money too
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
    • Purplebonnie
    • By Purplebonnie 30th Sep 17, 7:05 PM
    • 89 Posts
    • 562 Thanks
    Purplebonnie
    Today I sold a Freeview USB stick which I no longer needed for £20, a bit more money for the emergency cash pot.

    I made a substantial soup using up veggies from the fridge & bits from the pantry. I made beetroot Hummus for sandwiches during the week, again with ingredients that I already had. The beetroot is from my allotment and I reckon that I made three shop bought tubs worth for the price of one – so saving about £2 (£3 by not going out and buying from the shop) and I know what’s in it! I baked some bread in the bread machine using a packet that I had in the pantry, therefore saving £1.50 by not buying a fresh loaf from the bakers. Thanks for the inspiration UncannyScot.

    Saturday afternoon was spent reading through diaries on this site and not on eBay, saving me a fortune. I also didn’t sit and pig out on rubbish like I normally would, I ate the leftover beetroot and a banana, not together I hasten to add!

    I closed 3 credit card accounts and cut up the cards, so I am not tempted to use them again. One had a credit for £10.60 so they are paying that back into my bank account and I will pay it straight into the MBNA CC account.

    Hubby cooked a lovely Rick Stein Pasta recipe for dinner with almonds and basil, yum.

    Extra Money : £30.60
    Money Saved : £4.50 (not including non eBay spending)
    NSD (Hooray!)
    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) :
    • SkintTeacher
    • By SkintTeacher 30th Sep 17, 7:16 PM
    • 326 Posts
    • 1,881 Thanks
    SkintTeacher
    purplebonnie -
    Yes!!!


    My debt free journey and my weight loss journey have gone hand in hand. I've lost 3 stone since November last year and saved £500 a month (just under 1/4 of my salary).

    I've found that the two go so well together - I do free Park runs and any exercise I can which keeps me busy on the weekends and evenings when I used to browse online (whilst snacking!) AND when I look at junk food I think 'why would I buy that when I can save the money and be more healthy!?)

    A virtuous circle
    • Purplebonnie
    • By Purplebonnie 30th Sep 17, 7:23 PM
    • 89 Posts
    • 562 Thanks
    Purplebonnie
    Hi SkintTeacher
    Thanks for the words of encouragement. I am a fellow teacher, but I now work with a private provider, so much less stress and more freedom. I hear a little rumour that we may actually get a wee bit more money this year, but still likely to be under inflation levels so in effect another pay cut . Well done on the weight loss, that is fabulous.
    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) :
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 30th Sep 17, 7:59 PM
    • 1,461 Posts
    • 4,046 Thanks
    HairyHandofDartmoor
    I agree 100% with this. I can happily stick to just food shopping with the occasional trip for something which is needed. I am no longer interested in things. Experiences yes, nice meals out and theatre trips, holidays, seeing friends and family. Buying stuff is something I just don't do now and definitely I love the security and peace of mind of knowing we don't have debt and have a savings cushion.
    Originally posted by enthusiasticsaver
    I agree with this so much. Do we remember what we've bought? No. We remember experiences and moments with loved ones.

    Something I've learnt is that experiences don't have to cost a fortune. I can enjoy a coffee with my DH as much as a lunch. I can enjoy a walk as much as a visit to the cinema. Learning to enjoy free experiences is so valuable.

    I also agree that debt busting motivates us to fat bust and clutter bust too. It's all about shedding the things that are trapping us and holding us back.
    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 30th Sep 17, 8:04 PM
    • 4,451 Posts
    • 24,913 Thanks
    Sun Addict
    Hello purplebonnie

    I'm a similar age to you and know the feeling of needing to get sorted before retirement. I have 9 years until state pension kicks in. I recently remortgaged after being mortgage free for 8 years to pay for much needed home improvements. The new mortgage is timed to run until I retire.

    I think that sticking to a diet and budget are connected. I also have a few areas of life I'd like to change which I'm working on.

    I look forward to following your journey. Good luck
    Virtual Sealed Pot £671.22
    October NSD 6/15
    Weight loss 0/7lbs
    Mr SA finally in remission December 2013
    • Purplebonnie
    • By Purplebonnie 1st Oct 17, 7:21 AM
    • 89 Posts
    • 562 Thanks
    Purplebonnie
    Hi HairyHandofDartmoor,

    I agree, one of my favourite parts of the day is an early evening stroll with hubby and dog. We put the world to rights, discuss our day, our plans etc and it doesn't cost a penny.
    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) :
    • Purplebonnie
    • By Purplebonnie 1st Oct 17, 7:22 AM
    • 89 Posts
    • 562 Thanks
    Purplebonnie
    Hi SunAddict,

    Nice to meet you and thank you for your kind words. Looking forward to sharing the journey with you.
    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) :
    • Purplebonnie
    • By Purplebonnie 1st Oct 17, 7:16 PM
    • 89 Posts
    • 562 Thanks
    Purplebonnie
    I didn’t sleep too well last night, not because anything is wrong, I think I am just too fired up with enthusiasm. Of course then today I had very little energy for anything.

    Spent the morning cleaning, tidying up and a bit of decluttering. Not spent much time on monetary thingys today. Out to a family lunch today, Dad paid so that was a bonus – who said there was no such a thing as a free lunch. After a huge lunch, came home and fell asleep, now that’s a sign I am getting older!

    I spent £9.20 in Tesco on the way home on some bits that we needed. I froze two portions of the soup for lunches later in the week. Tea was toast and hummus. I must google whether I can freeze hummus, I have never tried doing that before.

    I found a very large Xmas Pudding in pantry - £5 saved for Christmas

    Decluttered work pile – now have a box so that I can move it to where I am working.
    Got rid of old shoe boxes – my husband needs one a year for his receipts so why do I save them all!
    Put away summer clothes

    All this is a bit bitty, but I am tired and I cannot be doing with putting it into grammatically correct sentences, sorry. At this point I will say goodnight, work tomorrow.

    Running Totals :
    Extra Money : £30.60
    Money Saved : £273.50 (not including non eBay spending) (forgot to include money saved on internet change yesterday)
    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) :
    • threepenny bit
    • By threepenny bit 3rd Oct 17, 1:42 AM
    • 206 Posts
    • 1,694 Thanks
    threepenny bit
    HI Purplebonnie - came to say hello after you visited my diary! You said we were striving for similar things such as the retirement and Sw, just read you are a teacher waiting for teachers pension ... me too lol! I now live in Canada but my UK teacher pension is still there; only have about 12 years as I stayed home to raise the children and we moved here in 2003. I am 54 and don't have a work pension from here as I am self employed so trying to pay down all debt and save really hard for the future.
    not sure if I will get state pension from the UK as the contract to provide that will likely finish before I am due to get it - usually happens to me
    Will look for you and chat more x
    Grocery challenge - $150 for Oct 0/150 NSD 6/18
    1st challenge to pay CC (JV1) 0/$1850 updated
    Work on selling items and make $100 a month for the rest of this year /100
    • Purplebonnie
    • By Purplebonnie 3rd Oct 17, 6:45 AM
    • 89 Posts
    • 562 Thanks
    Purplebonnie
    Yesterday was fairly busy with work. I do enjoy my new job. I work from home, going out for meetings when necessary, which means that I can organise my own hours. I am an early bird and will work at 0500 (in bed with my computer on my lap and hubby providing copious amounts of tea). But this suits me as it gives me time later in the day for other stuff like babysitting, allotment etc.
    I had to take the dog to the groomer and that cost £29.. We have to do this fairly frequently as the hair between his pads grows really quickly and it causes him pain. He also has keratosis, which means that he gets ‘nail’ like things growing out of his pads and periodically has to have them removed under sedation. But he puts up with it all and is a happy little chappy.

    Spent £8.10 in Tesco (couldn’t get to Aldi, I didn’t have the time)
    Redeemed £10 of Amazon Vouchers from Opinion Outpost – will save these for Christmas

    Running Totals :
    Extra Money : £40.60
    Money Saved : £273.50 (not including non eBay spending) (forgot to include money saved on internet change yesterday)
    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) :
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 3rd Oct 17, 7:14 AM
    • 1,461 Posts
    • 4,046 Thanks
    HairyHandofDartmoor
    I didn’t sleep too well last night, not because anything is wrong, I think I am just too fired up with enthusiasm. Of course then today I had very little energy for anything.
    Originally posted by Purplebonnie
    This is happening to me a lot lately too. It used to be money worries and now it's enthusiasm to save money

    Hope you have a good Tuesday. You're making great progress.
    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 3rd Oct 17, 7:28 AM
    • 4,451 Posts
    • 24,913 Thanks
    Sun Addict
    I always seem to come up with my best ideas in the wee small hours! Then I'm awake raring to get started. It's keeping the momentum going I find hard, although reading the DFW diaries helps.
    Virtual Sealed Pot £671.22
    October NSD 6/15
    Weight loss 0/7lbs
    Mr SA finally in remission December 2013
    • Purplebonnie
    • By Purplebonnie 3rd Oct 17, 7:38 AM
    • 89 Posts
    • 562 Thanks
    Purplebonnie
    Hi Threepenny Bit - you can check online if you have your NI number about your state pension, or write to the and ask for a forecast
    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) :
    • Purplebonnie
    • By Purplebonnie 3rd Oct 17, 7:40 AM
    • 89 Posts
    • 562 Thanks
    Purplebonnie
    Hi HairyHandofDartmoor and SunAddict, yes I am laying there thinking of ways to save money, mad isn't it! Have a good day
    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) :
    • Cumbria lass
    • By Cumbria lass 3rd Oct 17, 8:57 AM
    • 634 Posts
    • 2,451 Thanks
    Cumbria lass
    I am a similar age to you, worrying about whether I will have enough money for retirement. My parents keep saying don't worry about it you will have all this , inheritance. They could live to be 100 so of course I don't listen! My aim is to pay off debt then save until I am 60 and see where I am then.

    Will be following your diary.
    Oct 2017 CC1 £3439CC 2 £927

    Debt Free Nov 2019: earlier if I have my way
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