Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • 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 3
    • camz2017
    • By camz2017 30th Nov 17, 12:31 PM
    • 158 Posts
    • 188 Thanks
    camz2017
    Hey great job on the debts and also getting them all to 0%. I wish I could get some of mine down to being 0% debts, but sadly cannot get approved on any of the good deal cards. It's almost a vicious circle when you get into debt, and you have so much, you end up paying higher also, so trapped there for longer! Keep up all the good work - and plan out all your spending, e.g know every penny and Job that £47 is for e.g. £10 groceries, £15 new shoes etc. Only buy what you need and cannot live without.
    • DebtFreeFrog
    • By DebtFreeFrog 30th Nov 17, 12:51 PM
    • 42 Posts
    • 83 Thanks
    DebtFreeFrog
    Thanks for your comment Camz.

    Yes it is frustrating when you can't get 0% deals, but just keep chipping away.

    I need to make sure I pay as much as possible before they all end. I'm quite worried about the December one but can't do anything with it until I get rid of the smaller ones. I find it quite motivating to have deadlines to meet (so to speak).

    Yes so far I'm doing quite well in determining what I need and what I want, however its becoming increasingly difficult. I've lost 2 stone over the past year , which doesn't sound like much but has put me right back to where I wanted to be. But literally all my clothes are so baggy now and I'm refusing to buy new ones, because I want to use that money to pay off my debts
    07/11/17 £8199.31 Debt
    • camz2017
    • By camz2017 30th Nov 17, 1:29 PM
    • 158 Posts
    • 188 Thanks
    camz2017
    Clothing is my big issue as well, I like to look good. Mens sneakers are expensive, often £150+
    I also love watches, glasses, new jeans. Plus I just love to spoil myself.
    & if I post to instagram I don't like to be wearing the same stuff. I've found it tough but I've reduced my wardrobe to only things I love, and seeing how that pans out. I might do a project 333, check it out
    • DebtFreeFrog
    • By DebtFreeFrog 30th Nov 17, 1:48 PM
    • 42 Posts
    • 83 Thanks
    DebtFreeFrog
    Clothing is my big issue as well, I like to look good. Mens sneakers are expensive, often £150+
    I also love watches, glasses, new jeans. Plus I just love to spoil myself.
    & if I post to instagram I don't like to be wearing the same stuff. I've found it tough but I've reduced my wardrobe to only things I love, and seeing how that pans out. I might do a project 333, check it out
    Originally posted by camz2017
    Ooh I love the Project 333 idea. Thanks for that. Iím definitely going to start that this weekend when Iím off work. I have so many clothes and donít wear half of them but canít seem to part with them, just incase I need them or because they were expensive. Boxing them up is a good idea and will help organise my wardrobe abit more. Iíve probably got about 33 scarves so it will be good to box up the ones that I donít wear, every winter I buy about 6 (But not this year)
    07/11/17 £8199.31 Debt
    • camz2017
    • By camz2017 30th Nov 17, 4:18 PM
    • 158 Posts
    • 188 Thanks
    camz2017
    Yeah I have like so much, I'm like a girl in some respects, love to buy lots of things for myself, have lots of shoes (nikes, adidas etc), have way too much clothing and cologne... I have like 5 different tweezers even!!

    I have planned on donating a bunch of things to a cerebral palsy charity as I once made a disabled girl cry being my old horrible natured self, so project 333 will help me with this. There's a documentary on netflix Minimalism: A Documentary About the Important Things it talks a lot about project 333, along with people who have done it, if you get an hour watch it - it'll really inspire you.

    Good luck!!
    • DebtFreeFrog
    • By DebtFreeFrog 30th Nov 17, 9:02 PM
    • 42 Posts
    • 83 Thanks
    DebtFreeFrog
    5 Tweezers I only have one pair although they were expensive, and I paid extra for flowery ones. Silly me.

    It’s good that you still think about it and want to donate.

    I think I’m going to put together a box of clothes that I never wear and then at the end of the 3 months, leave it sealed and give the box to charity. Otherwise I’ll open it I’ll be like I want to keep that and that and that...

    Oh I’ll see if I can catch up on that at the weekend, it might motivate me to sort out my wardrobe. Haha.
    07/11/17 £8199.31 Debt
    • DebtFreeFrog
    • By DebtFreeFrog 5th Dec 17, 12:04 PM
    • 42 Posts
    • 83 Thanks
    DebtFreeFrog
    Well no idea how I've managed to do it, but it appears I've gotten my totals and dates mixed up

    I've just checked my statement for Virgin and the actual totals are;

    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 £937.00 0% until April 2018
    £1557.00 £742.00 0% until Oct 2018
    £857.82 0% until Nov 2018
    £2288.00 0% until Dec 2018

    Just when I thought I was getting close to paying off the first one.
    Last edited by DebtFreeFrog; 05-12-2017 at 12:59 PM.
    07/11/17 £8199.31 Debt
    • DebtFreeFrog
    • By DebtFreeFrog 5th Dec 17, 1:21 PM
    • 42 Posts
    • 83 Thanks
    DebtFreeFrog
    On a positive note, I have logged in to OnePoll which I haven't been on for ages and completed a few surveys. £6.05 in my account now :
    Last edited by DebtFreeFrog; 05-12-2017 at 1:26 PM.
    07/11/17 £8199.31 Debt
    • camz2017
    • By camz2017 5th Dec 17, 3:00 PM
    • 158 Posts
    • 188 Thanks
    camz2017
    Just check your statements, do you ever see the old numbers, thatís quite a bit extra.

    Can you setup an excel tracker of some sorts, I can share you mine if you want, every month on the 1st I track all of my debt numbers into the sheet. This means I login to every bank account and I see the current balance on that account, I then log this down. I donít use a statement as statements are historic, I use the value on the date in the accounts. It helps to see the debt repayments overtime and also paints a good picture of how much interest I am paying.
    • DebtFreeFrog
    • By DebtFreeFrog 6th Dec 17, 11:32 AM
    • 42 Posts
    • 83 Thanks
    DebtFreeFrog
    I think it may be something to do with a balance transfer I did before I started my diary but I have no idea.

    My statement for October is
    £6097.31
    £100 Payments
    £5997.31

    £1254.49 28/02/18
    £1557.00 30/09/18
    £857.82 16/10/18
    2288.00 30/11/18

    Statement for November

    £5997.31
    2069.48 Payments
    1100.00 Spent
    22.00 Interest/Charges
    £5049.82

    £1122.00 30/04/2018
    £742.00 30/09/2018
    £857.82 16/10/2018
    £2288.00 30/11/2018

    But I’m not sure why the dates changed from Feb to April.
    07/11/17 £8199.31 Debt
    • DebtFreeFrog
    • By DebtFreeFrog 6th Dec 17, 11:34 AM
    • 42 Posts
    • 83 Thanks
    DebtFreeFrog
    I wish I had the motivation to keep up with something like that. I should have though as I spend what feels like every second of the day thinking about money and working out what to pay off and when. Haha.
    07/11/17 £8199.31 Debt
    • kettymerry34
    • By kettymerry34 6th Dec 17, 11:35 AM
    • 5 Posts
    • 25 Thanks
    kettymerry34
    Keep on diaring! Good luck !
    Keep rolling rocking!
    • DebtFreeFrog
    • By DebtFreeFrog 6th Dec 17, 12:05 PM
    • 42 Posts
    • 83 Thanks
    DebtFreeFrog
    Hi KettyMerry34

    Thank you
    07/11/17 £8199.31 Debt
    • camz2017
    • By camz2017 7th Dec 17, 11:29 AM
    • 158 Posts
    • 188 Thanks
    camz2017
    No worries just keep going - you got this

    If you feel like you spend a lot - please track every penny spent and categorise it e.g. groceries, lunch, haircuts, fuel, eating out, alcohol, gifting, coffee etc. Then you can focus on the areas costing the most.
    • DebtFreeFrog
    • By DebtFreeFrog 7th Dec 17, 1:49 PM
    • 42 Posts
    • 83 Thanks
    DebtFreeFrog
    Thanks Camz

    Yes I definitely need to do this, as sometimes I have no idea where my money has gone. Its usually when I've popped the shop for milk and it's turned into a £20 spend.

    Payments made
    £50.00 to Virgin
    £10 Emergency Fund £70

    Overall Debt is £8199.31 £7823.82

    Breakdown

    Lloyds £3080.00 £3049.00 0% until May 2019
    Virgin £5119.31 £4774.82
    £937.00 £887.00 0% until April 2018
    £742.00 0% until Sept 2018
    £857.82 0% until Oct 2018
    £2288.00 0% until Nov 2018

    Hoping for a snow day tomorrow
    Last edited by DebtFreeFrog; 07-12-2017 at 2:20 PM.
    07/11/17 £8199.31 Debt
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

2,015Posts Today

6,121Users online

Martin's Twitter