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  • FIRST POST
    • DebtFreeFrog
    • By DebtFreeFrog 7th Nov 17, 12:59 PM
    • 42Posts
    • 83Thanks
    DebtFreeFrog
    Right, lets do this!
    • #1
    • 7th Nov 17, 12:59 PM
    Right, lets do this! 7th Nov 17 at 12:59 PM
    Hi Everyone.

    Welcome to my diary.

    After a few years of coming on here and reading everybody else's diaries I have decided to start my own, as people on here have become debt free and I'm still where I was about 4 years ago.

    I am 28 years old and live with my partner (who is amazing with money)
    I have gotten into this mess by unnecessary spending and have absolutely nothing to show for it.

    I'm hoping that by having a diary (even if nobody reads it and I'm talking to myself) it will be useful to see everything in writing and will help to keep me motivated and finally get rid of this debt.

    The main reason that I haven't made any progress so far is that I decide to get rid of the debt, overpay by an amount that I cant afford and then have to use my credit cards because I've got no money left.

    So my new approach is that slow and steady wins the race.

    Overall Debt is £8199.31
    Breakdown
    Lloyds £3080.00 0% until May 2019
    Virgin £5119.31
    £416.49 0% until Mar 2018
    £1557.00 0% until Oct 2018
    £857.82 0% until Nov 2018
    £2288.00 0% Until Dec 2018

    Safe to say my first target is going to be to tackle the £416.49 amount.

    On the positive side all Christmas Shopping has been done now and I have managed to save enough money to pay my Car Tax in one payment which I'm really happy about.

    Now my focus is purely on debt busting, so lets do this.
Page 2
    • MeenaM
    • By MeenaM 10th Nov 17, 10:00 PM
    • 53 Posts
    • 77 Thanks
    MeenaM
    You've made a great start! good idea with the emergency fund, my pay day is the 25th it seems a long way off ....
    Sealed Pot 11. #199Next£1170Barclays Credit Card £4891.20/4781.15- 0% ends April 2019 virgin 0% ends july 2020 £4138 4096.20AA Credit Card £860 629- 0% ends Dec 2017 Sainsburys Credit Card £521.27-511.80 0% ends Feb 2018 AIM TO BE DEBT FREE JULY 2019
    • DebtFreeFrog
    • By DebtFreeFrog 10th Nov 17, 11:04 PM
    • 42 Posts
    • 83 Thanks
    DebtFreeFrog
    Thanks Meena.

    It will soon come around

    I always look forward to payday just so that I can make that next payment on my cards.
    Luckily I get paid weekly so I don't have to wait very long but sometimes I wonder if I got paid monthly if I'd be better at budgeting. Then again probably not.
    07/11/17 £8199.31 Debt
    • natsplatnat
    • By natsplatnat 11th Nov 17, 9:30 AM
    • 2,653 Posts
    • 2,356 Thanks
    natsplatnat
    Luckily I get paid weekly so I don't have to wait very long but sometimes I wonder if I got paid monthly if I'd be better at budgeting. Then again probably not.
    Originally posted by DebtFreeFrog

    I was paid weekly until around a year ago - and I still miss it! I found with weekly pay I had to make sure there was money in the account every week and used my lovely spreadsheet to look ahead as having a little surplus one week didn't mean I would have in 3 weeks time! With monthly pay I just watch it diminish over the month!
    LBM ,- Wed 19th Nov 2008 £21,225 PAID OFF
    *DEBT FREE 28th September 2015*
    *2017 cashback pending £175.35, paid £??*
    (2011=£137.30, 12=£66.39, 13=£102.61, 14=£214.97, 15=£159.51 16=£213.05)
    Pro.Ac £10.10 + £126.19 paid
    SAVINGS TO CLEAR STUDENT LOAN £0.00 (£528.56 paid off)

    • DebtFreeFrog
    • By DebtFreeFrog 12th Nov 17, 8:47 PM
    • 42 Posts
    • 83 Thanks
    DebtFreeFrog
    A no spend weekend for me. I've also had a sort out and managed to sell a few bits and bobs so I'm able to make an extra payment of £23.00 off my Virgin card.

    I should definitely be able to get my first Virgin deal under £300 by the end of the month and hopefully my overall debt under £8000.

    Overall Debt is £8098.32
    Breakdown
    Lloyds £3049.00 0% until May 2019
    Virgin £5049.82
    £347.00 0% until Mar 2018
    £1557.00 0% until Oct 2018
    £857.82 0% until Nov 2018
    £2288.00 0% until Dec 2018
    07/11/17 £8199.31 Debt
    • DebtFreeFrog
    • By DebtFreeFrog 12th Nov 17, 9:06 PM
    • 42 Posts
    • 83 Thanks
    DebtFreeFrog
    I was paid weekly until around a year ago - and I still miss it! I found with weekly pay I had to make sure there was money in the account every week and used my lovely spreadsheet to look ahead as having a little surplus one week didn't mean I would have in 3 weeks time! With monthly pay I just watch it diminish over the month!
    Originally posted by natsplatnat
    It is good to know that in a weeks time there will be money coming in and a lot of people I speak to always say how they wish they were paid weekly, so maybe I should just be grateful
    07/11/17 £8199.31 Debt
    • DebtFreeFrog
    • By DebtFreeFrog 17th Nov 17, 8:34 AM
    • 42 Posts
    • 83 Thanks
    DebtFreeFrog
    Payday today!


    Payments made.
    £10.00 in Emergency Fund Total £40
    £100.00 Virgin - because I wanted to see my overall debt under £8000

    Overall Debt is £8199.31 £7998.32
    Breakdown
    Lloyds £3080.00 £3049.00 0% until May 2019
    Virgin £5119.31 £4949.82
    £416.49 £247.00 0% until Mar 2018
    £1557.00 0% until Oct 2018
    £857.82 0% until Nov 2018
    £2288.00 0% until Dec 2018

    No plans for the weekend so hopefully no spends - Maybe a sort out to see if there's anything else to sell.
    I'm hoping to get Virgin under £200 by the end of the month and then can concentrate on clearing it by the end of the year.

    I hope everyone's had a good week!
    07/11/17 £8199.31 Debt
    • DebtFreeFrog
    • By DebtFreeFrog 23rd Nov 17, 12:54 PM
    • 42 Posts
    • 83 Thanks
    DebtFreeFrog
    Payday tomorrow.

    Nothing to report this week on payments until tomorrow.
    I've had to buy a few bits this week that I hadn't thought about A birthday present and I've had to pay for an upcoming Christmas Meal but I had money put aside for this.
    Currently banning myself from any websites containing clothes, jewellery, make up, homeware for the next 4 days
    07/11/17 £8199.31 Debt
    • DebtFreeFrog
    • By DebtFreeFrog 24th Nov 17, 8:39 AM
    • 42 Posts
    • 83 Thanks
    DebtFreeFrog
    Payday today!

    Payments made.
    £10.00 in Emergency Fund Total £50
    £50 to Virgin

    Overall Debt is £8199.31 £7948.32
    Breakdown
    Lloyds £3080.00 £3049.00 0% until May 2019
    Virgin £5119.31 £4899.82
    £416.49 £197.00 0% until Mar 2018
    £1557.00 0% until Oct 2018
    £857.82 0% until Nov 2018
    £2288.00 0% until Dec 2018

    I'm hoping to make another payment on Monday but I've got a really busy weekend so I'll have to see about that one. It's getting near silly season where I've got lots of busy weekends but I'm determined to stay on track and keep my spending to a minimum.
    07/11/17 £8199.31 Debt
    • MeenaM
    • By MeenaM 24th Nov 17, 8:47 PM
    • 53 Posts
    • 77 Thanks
    MeenaM
    It's looking good! you've made some good progress there and well done on adding to your emergency fund too
    Sealed Pot 11. #199Next£1170Barclays Credit Card £4891.20/4781.15- 0% ends April 2019 virgin 0% ends july 2020 £4138 4096.20AA Credit Card £860 629- 0% ends Dec 2017 Sainsburys Credit Card £521.27-511.80 0% ends Feb 2018 AIM TO BE DEBT FREE JULY 2019
    • DebtFreeFrog
    • By DebtFreeFrog 27th Nov 17, 11:47 AM
    • 42 Posts
    • 83 Thanks
    DebtFreeFrog
    Thanks MeenaM.

    I spent £10 this weekend which was a lot less than i was expecting.

    I also sold £23 worth of stuff So i'll give it until midweek incase something unexpected crops up and then make an overpayment.
    07/11/17 £8199.31 Debt
    • DebtFreeFrog
    • By DebtFreeFrog 27th Nov 17, 4:01 PM
    • 42 Posts
    • 83 Thanks
    DebtFreeFrog
    I've just found my notepad from last year and plan of action for getting rid of the debt. I feel like crying my eyes out at how much the debt has increased since then. I would give anything to have that number now.

    Feeling so deflated today.
    07/11/17 £8199.31 Debt
    • camz2017
    • By camz2017 27th Nov 17, 7:04 PM
    • 152 Posts
    • 186 Thanks
    camz2017
    Don’t worry I did the same, a year ago I had 10k less. The point is this is the time you are going to change it and this is now final. No point looking at life a year ago and comparing it to now, we have a light bulb moment, it wasn’t last year - it is now.

    Put it this way, you are now a year further into your journey of a financially free future. It’s all part of the process
    • DebtFreeFrog
    • By DebtFreeFrog 28th Nov 17, 12:44 PM
    • 42 Posts
    • 83 Thanks
    DebtFreeFrog
    Donít worry I did the same, a year ago I had 10k less. The point is this is the time you are going to change it and this is now final. No point looking at life a year ago and comparing it to now, we have a light bulb moment, it wasnít last year - it is now.

    Put it this way, you are now a year further into your journey of a financially free future. Itís all part of the process
    Originally posted by camz2017
    Thanks Yes you're right. Time to move on and get this debt gone for good
    07/11/17 £8199.31 Debt
    • DebtFreeDuo
    • By DebtFreeDuo 28th Nov 17, 1:40 PM
    • 622 Posts
    • 3,022 Thanks
    DebtFreeDuo
    I was the same, have had a plan of action almost every year but then year on year my debt has always increased. Couldn't agree more with camz, you will beat this now and you will not look back.

    Well done one getting your debt under that 8k mark!
    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
    • DebtFreeFrog
    • By DebtFreeFrog 28th Nov 17, 2:34 PM
    • 42 Posts
    • 83 Thanks
    DebtFreeFrog
    I was the same, have had a plan of action almost every year but then year on year my debt has always increased. Couldn't agree more with camz, you will beat this now and you will not look back.

    Well done one getting your debt under that 8k mark!
    Originally posted by DebtFreeDuo
    Thanks It does feel like I'm making progress, I just need to make sure I keep the momentum going now.
    I do feel like there's been a change in mentality. There was a really good offer online the other day on make-up (Free Gift when you spend £15) and I had it in my basket ready to pay. I got to the checkout and thought I really don't need this, why am I buying make-up (that I don't need) to get free make-up (that I don't need). Then emptied my basket

    I feel like that was a small victory.
    07/11/17 £8199.31 Debt
    • DebtFreeDuo
    • By DebtFreeDuo 28th Nov 17, 2:38 PM
    • 622 Posts
    • 3,022 Thanks
    DebtFreeDuo
    Absolutely a small victory! The shops know how to get us to spend our money so we do have to work hard to remind ourselves that we really don't need something. Well done for emptying your basket and saving yourself £15, that's an extra £15 that could go towards overpaying and all of those small amounts add up.
    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
    • DebtFreeFrog
    • By DebtFreeFrog 28th Nov 17, 4:24 PM
    • 42 Posts
    • 83 Thanks
    DebtFreeFrog
    Oh yes definitely! I'll add it onto my Friday payment
    07/11/17 £8199.31 Debt
    • camz2017
    • By camz2017 28th Nov 17, 8:05 PM
    • 152 Posts
    • 186 Thanks
    camz2017
    It is a shift in mentality such as this one which makes the big things happen, I've realised that too

    Keep going! If you stop now, or lose focus it'll be even more in 1 years time, you will be crazy surprised at how quickly it grows in another year. Mad, in my case I got promotion and an extra £300 a month, yet still managed to gain 10k in a year, as I took the payrise to mean I didn't need to track anything anymore!
    • DebtFreeFrog
    • By DebtFreeFrog 29th Nov 17, 8:25 AM
    • 42 Posts
    • 83 Thanks
    DebtFreeFrog
    Yeah I've done the same when I've received a payrise, thought to myself right i'll put that extra amount in another account on the day I get paid... Never happened.
    07/11/17 £8199.31 Debt
    • DebtFreeFrog
    • By DebtFreeFrog 30th Nov 17, 8:02 AM
    • 42 Posts
    • 83 Thanks
    DebtFreeFrog
    I've made my payments a day early today because I couldn't wait.

    Payments made.
    £10.00 in Emergency Fund Total £60
    £75 to Virgin

    Overall Debt is £8199.31 £7873.32
    Breakdown
    Lloyds £3080.00 £3049.00 0% until May 2019
    Virgin £5119.31 £4824.82
    £416.49 £122.00 0% until Mar 2018
    £1557.00 0% until Oct 2018
    £857.82 0% until Nov 2018
    £2288.00 0% until Dec 2018

    I'm so close to paying off my first little bit Just £122.00 to go. I really want to pay it off by next weekend but if not, the weekend after is my aim.

    Another busy weekend planned but I have £47.00 in my purse so will not be withdrawing money and I'm hoping I wont need the whole £47.00.
    07/11/17 £8199.31 Debt
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