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  • FIRST POST
    • autumn2012
    • By autumn2012 21st Dec 17, 6:00 PM
    • 216Posts
    • 244Thanks
    autumn2012
    36K debt - Operation debt-bust!
    • #1
    • 21st Dec 17, 6:00 PM
    36K debt - Operation debt-bust! 21st Dec 17 at 6:00 PM
    Hi everybody,

    I have been struggling with debt now since 2013! After numerous changes in circumstances including illness, jobs, 2 kids, getting married and buying a house we are in 36K of debt. We have recently re-financed to lower our monthly output but obviously over a longer period. Debt free date at the minute is 01/02/2023 - Im hoping to overpay on the debt to get this down to 01/12/2020. I have had my LBM and me and hubby are both fully on board with the debt-busting!

    Wish me luck as Im going to need it! :-) x
Page 1
    • redofromstart
    • By redofromstart 21st Dec 17, 8:21 PM
    • 878 Posts
    • 5,022 Thanks
    redofromstart
    • #2
    • 21st Dec 17, 8:21 PM
    • #2
    • 21st Dec 17, 8:21 PM
    Hi Autumn - came to say good luck with your journey.
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 21st Dec 17, 8:27 PM
    • 2,928 Posts
    • 17,035 Thanks
    HairyHandofDartmoor
    • #3
    • 21st Dec 17, 8:27 PM
    • #3
    • 21st Dec 17, 8:27 PM
    Good luck with your debt busting
    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 = £36.76/Loss of Income Fund £0
    • pennywisepoundstupid
    • By pennywisepoundstupid 21st Dec 17, 9:29 PM
    • 4,582 Posts
    • 15,064 Thanks
    pennywisepoundstupid
    • #4
    • 21st Dec 17, 9:29 PM
    • #4
    • 21st Dec 17, 9:29 PM
    Good luck with your debt busting journey.
    Be mindful of your self-talk. It's a conversation with the Universe."
    Debt free and saving for my future
    Long term savings £10,000 Holiday spends £200.02 General savings £152.62
    Clothes challenge £250/£36.63
    • WannabeFree
    • By WannabeFree 21st Dec 17, 9:50 PM
    • 397 Posts
    • 5,619 Thanks
    WannabeFree
    • #5
    • 21st Dec 17, 9:50 PM
    • #5
    • 21st Dec 17, 9:50 PM
    Good luck x
    “Once you hit rock bottom, that's where you perfectly stand; That's your chance of restarting, but restarting the right way.”
    • autumn2012
    • By autumn2012 22nd Dec 17, 11:49 PM
    • 216 Posts
    • 244 Thanks
    autumn2012
    • #6
    • 22nd Dec 17, 11:49 PM
    • #6
    • 22nd Dec 17, 11:49 PM
    Thanks guys! De-cluttering so sold some stuff which has been paid straight off the debt! Only a few hundred pounds but feels good to have it paid! I haven't gone over-board with xmas this year. £80 spent on hubby instead of the usual 200-300 hundred. 2 kids £200 and around £100 on everybody else. Just little token gifts but Im not spending money I dont have anymore!
    • Cherryfudge
    • By Cherryfudge 23rd Dec 17, 12:08 AM
    • 1,091 Posts
    • 5,214 Thanks
    Cherryfudge
    • #7
    • 23rd Dec 17, 12:08 AM
    • #7
    • 23rd Dec 17, 12:08 AM
    Well done for not going mad with the gifts! Hope you have a lovely Christmas and that the coming year sees that debt shrink beautifully.
    • pennywisepoundstupid
    • By pennywisepoundstupid 23rd Dec 17, 8:31 AM
    • 4,582 Posts
    • 15,064 Thanks
    pennywisepoundstupid
    • #8
    • 23rd Dec 17, 8:31 AM
    • #8
    • 23rd Dec 17, 8:31 AM
    Well done with your Christmas spends, I hope you have a wonderful Christmas.
    Be mindful of your self-talk. It's a conversation with the Universe."
    Debt free and saving for my future
    Long term savings £10,000 Holiday spends £200.02 General savings £152.62
    Clothes challenge £250/£36.63
    • adaptimproviseandovercome
    • By adaptimproviseandovercome 23rd Dec 17, 9:38 AM
    • 5 Posts
    • 13 Thanks
    adaptimproviseandovercome
    • #9
    • 23rd Dec 17, 9:38 AM
    • #9
    • 23rd Dec 17, 9:38 AM
    Good luck !! 😀👍
    • autumn2012
    • By autumn2012 27th Dec 17, 8:40 PM
    • 216 Posts
    • 244 Thanks
    autumn2012
    Looking at summer holidays today - Prices for a family of 4 are ridiculous so Im probably going to do the £9.50 sun holidays and go to a local-ish holiday park. Hubby isa matures on the 30th - only £360 but its going straight off the debt! Listed some things on ebay and been advertising my business like mad which has brought in much needed business over the last two weeks! Feeling really positive going into 2018! :-)
    • autumn2012
    • By autumn2012 2nd Jan 18, 6:23 PM
    • 216 Posts
    • 244 Thanks
    autumn2012
    So its 2018! Really focusing on paying this debt off this year. Hoping to get it down in 25k by Dec. Its do-able and anything over and above is a bonus! Iv started to budget for holidays and christmas so no debt this year for those two. Sold some more stuff so its all gone in a savings account! Feeling positive about this year - its going to be tough going at times but we will get there!
    • autumn2012
    • By autumn2012 4th Jan 18, 8:20 PM
    • 216 Posts
    • 244 Thanks
    autumn2012
    Ok so today I had to pay £178.50 for an apartment rental for Dec. I have booked through booking.com which said pay nothing now to secure the dates. Then the owner contacted me asking me to transfer the amount specified to secure those dates which has meant Im in the overdraft! Not particularly happy about it but Iv got some cash to pay into the bank which will clear the overdraft. On the plus point my business is busy at the minute which has meant some additional money for the debt busting pot! :-)
    • laurag89
    • By laurag89 4th Jan 18, 9:37 PM
    • 662 Posts
    • 1,274 Thanks
    laurag89
    Just wanted to wish you luck on your debt free journey! x
    Total debt to pay: £14,071.41/ Remaining debt: £13,792.36: Amount Paid: £279.05

    Survey xmas 2018 savings: £10 / £150
    • autumn2012
    • By autumn2012 7th Jan 18, 8:26 PM
    • 216 Posts
    • 244 Thanks
    autumn2012
    So spent money today on home improvements - some carpets etc which badly need replaced. Its gone on a cc which Im going to pay off hopefully within a couple of months. Its not ideal I know :-( Im looking at new ways of budgeting and saving however Im not one for fancy spreadsheets and ynab - it needs to be simple but effective. Looking forward still even with this minor hiccup!
    • adindas
    • By adindas 7th Jan 18, 8:29 PM
    • 3,259 Posts
    • 1,812 Thanks
    adindas
    Wish you luck with your journey Autumn.
    With srong determniation you will be successfull
    • autumn2012
    • By autumn2012 7th Jan 18, 8:30 PM
    • 216 Posts
    • 244 Thanks
    autumn2012
    Thanks for everybody's support on these boards! It makes the struggle an easier journey knowing we are not alone :-)
    • csarina2
    • By csarina2 7th Jan 18, 8:41 PM
    • 1,839 Posts
    • 17,491 Thanks
    csarina2
    Good luck with your journey. I paid off the last of our debt in August last year, it took 4 years but it's gone. I overpaid on everything even if it was only a few pounds, it was so satisfying to see the balance reduce.
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