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    • Debtnomoreplease
    • By Debtnomoreplease 1st Jan 18, 7:40 PM
    • 26Posts
    • 73Thanks
    Debtnomoreplease
    2018 I WILL be debt free!
    • #1
    • 1st Jan 18, 7:40 PM
    2018 I WILL be debt free! 1st Jan 18 at 7:40 PM
    Hi, I'm new to this site so please bare with me. I've been reading stories online for months about how people have got out of debt and I've found the truly inspirational to say the least! It's certainly kept me going through my bad days. Sadly, I only found this site a month or so ago, so can't share my whole getting debt free experience (a lot paid off now) but I want to log my 2018 get free mission!
    So basically towards my late 20's I had abit of a light bulb moment-I thought I'd rally up my credit cards, overdrafts, loans etc and my gosh it was one heck of a shock!!! And I'm sad to say, I've nothing to show for all that money wasted-about £11,000 in fact!! But a fabulous few holidays I had! Now, I have paid down that debt-as much as it nearly killed me, but I've still got a bit to go.
    Here goes:
    CC1-£600 left to pay.
    CC2-£900 left to pay.
    Parent loan-£265
    Overdraft limit is £2,500- which im desperately trying to get rid of so currently in at £1000, as my wage doesn't cover my overdraft ( I know, I know-how silly!!) However, for 5+ years I've always gone right upto my overdraft limit (sometimes over) so the fact I've stamped it down over the past couple of months is amazing-but that was due to a wake up from the bank when they shot up there daily overdraft fee to being charged daily-ugh! Anyway, gave me the kick i needed!!
    So including my full overdraft (£2,500) I'm at about £4,265. I'm absolutely want this gone 100% this year, with an emergency fund saved. Anyway, after reading through some amazing diaries on here, I've decided to keep track of my own spending-for some reason something I've never done. So here is day 1-Not spent anything today-weather been awful so not left the house! I will continue to log money spent, debts paid down etc and will look forward to reading more diaries over the next few days.
    Luckily for me the CC (at the moment) are 0% so I've got to get on this 100% over the next few months.
    My plan: to clear CC2-I've been paying £500 a month off, so Jan-£500, Feb-£400 then clear!!! That will free up £500 a month!!
    Next, get as much money in account as possible to pay overdraft off, as this is the only thing I'm being charged for (about £60 a month at the moment) which I can cope with for two more months, as I just desperately need to see CC2 clear-it's been my toughest one of all and I can finally see the finish line!
    Once £2500 clear and no overdraft (or very small one) I will tackle CC1- I always pay £50 or slightly more a month off, the minimum is usually £14 (or around that) so I pay more than double off. If I continue to do this for 4 months, that will pay another £200, making CC1-£400. Then in May I can pay that all off in one (I'm used to paying £700 out of my wage every month on debt, so this will be nothing!) I have spent the past two years paying this debt down, and my gosh it's been hard-the silly chocies made years ago, and I'm still paying them off-if only I could speak to my younger self-never ever again!! The amount I've had to miss out on over the past years is sad, but I know it's all my own fault and I've learnt that hard way and I know I absolutely 100% will never get in this mess again! I'm really hoping by May/June I will totally debt free.
    My biggest issue at the moment is desperately trying to keep as much money in my account as possible. (Which is why keeping a diary is a good idea-I think.) Wish me luck
    By Christmas 2018, I would also like a healthy emergency fund off £1,500-2,000 with a seperate Christmas fund.
    I've also decided to start a Christmas fund this year, £30-£40 a month, as for years I've paid Christmas on the CC (but not 2017, I did save and not a loan or credit card was used-1st time in years, so I was rather proud!)
    As I've probably rambled too much, I'll stop now and check in with my daily spends time tomorrow.
Page 3
    • FiscalPickle
    • By FiscalPickle 10th Jan 18, 8:23 PM
    • 64 Posts
    • 125 Thanks
    FiscalPickle
    Just popping in to say hi, I've subscribed to your diary and looking forward to following your journey to debt freedom. There is a fantastically supportive community here. I agree that regular posting also keeps me accountable and on the straight and narrow, even if no one else is commenting. Good luck!
    DFD - 26/10/19
    In the process of shedding £20k and 35lbs
    • Debtnomoreplease
    • By Debtnomoreplease 11th Jan 18, 10:02 PM
    • 26 Posts
    • 73 Thanks
    Debtnomoreplease
    Day 11-11/1/18. A quick check in-absolutely shattered!
    NSD and a few more extra hours at work, so more money made today.
    Been too busy to think about things today, just hoping it stays that way! Always seems to spring to mind when I settle down for bed!
    • Debtnomoreplease
    • By Debtnomoreplease 12th Jan 18, 5:07 PM
    • 26 Posts
    • 73 Thanks
    Debtnomoreplease
    Day 12-12/1/18. Great, productive day today. End of the week...at last!! Looking forward to a less stressful couple of days.
    A night with the girls tonight, no cost needed as taking Christmas alcohol and staying over, so no taxi fair. Looking forward to a catch up and to not think about money!
    • fatrab
    • By fatrab 12th Jan 18, 8:26 PM
    • 125 Posts
    • 252 Thanks
    fatrab
    Have fun and enjoy the weekend!
    Wannabe debt free by 31/12/2022 - Wannalose 3st in the process - 6lbs off so far
    8 x £2 coins (#32) - 6/12 NSD in January
    • Debtnomoreplease
    • By Debtnomoreplease 13th Jan 18, 5:05 PM
    • 26 Posts
    • 73 Thanks
    Debtnomoreplease
    Day 13.13/1/18.
    I have spent the day reading diaries on here-wow am I motivated now!! Some amazing people on here, with such postives attitudes.
    I've git an extra shift tonight, and in all honesty been dreading it, but now I'm motivated! 1) I'm earning money. 2) I won't be spending money. 3) I wasn't doing anything anyway, so I'm not missing out on anything.
    Had a great night at my friends last, a little tipsy, but no hanger at least :-)
    Going to sit down and hour before work, and go through my debt busting plans again-this does keep me motivated. Happy Sat folks :-)
    • motivated
    • By motivated 13th Jan 18, 6:36 PM
    • 2,507 Posts
    • 4,094 Thanks
    motivated
    Hi I found you and have just read how youíre getting on. You will have up and down days but every day is a step closer. Think about setting yourself small targets such as every £100 or £200 paid off. Itís easier to bear than looking at the overall total.

    Anyway hope work tonight goes quickly and glad to see the positivity coming through again

    Good luck
    M
    • Debtnomoreplease
    • By Debtnomoreplease 14th Jan 18, 4:15 PM
    • 26 Posts
    • 73 Thanks
    Debtnomoreplease
    Thanks motivated, much appreciated. Yes, think I will give myself smaller goals of every £200 etc. I've got a jar, so every £200 paid off I'm going to put a little star in-this will feel good. Doesn't take much to please me-especially if it doesn't cost me money :-) (already got some little stars)
    Day 14-14.118.
    Another weekend shift completed. Thank goodness for this site, as I was so unmotivated yesterday morning, but reading on here really motivated me to go to work. I also plucked up the courage to ask for any extra hours going etc-it worked!! Picked up an extra 12 hours next week!! It all adds up. I know I'll be shattered next week as this is on top of my full time job, but needs must and I won't get out of debt sat at home watching trash on TV! Better to be out earning. And I can cope with a hectic week, as the busier I am-the quicker this weeks go, which means nearer to pay day and another chunk paid off debts. Also knowing working these hours this week won't be forever, makes it easier. I'm having a chill day today, so not done much-relaxing myself before a busy week.
    Will start by a gym session in the morning-helps wake me up :-) Aiming for gym sessions 3 at least this week. Also aiming for at least 4 NSD. I've made my lunch for tomorrow with some chicken from the freezer. I need a few bits fridge wise this week, but will try and keep that to an absolute minimum.
    • Debtnomoreplease
    • By Debtnomoreplease 15th Jan 18, 8:19 PM
    • 26 Posts
    • 73 Thanks
    Debtnomoreplease
    Day15-15.1.18.
    Only a short post tonight, as I'm absolutely shattered....and it's only Monday!! But it's a good shattered feeling, got everything I needed to get done today.
    NSD-1/7 this week. Aiming for 4 NSD as a minimum this week. Think I will do this weekly-feels less overwhelming than doing it monthly.
    Still feeling motivated on getting rid of this rock dragging me down (the debt) Everytime I see an advert for a loan, it's makes my blood boil! And I think, why on earth did I ever take any loans-well lesson learnt (the hard way) but never again will I take loans out-I will save, then buy!
    One day down 4 days and 12 extra hours to go-lets do this!!
    Won't clear the debt curled up in a ball feeling sorry for myself!!
    • fatrab
    • By fatrab 15th Jan 18, 10:00 PM
    • 125 Posts
    • 252 Thanks
    fatrab
    Same here, I'm going to aim for 4 nsd's per week. Seems like a sensible target and if I manage 5 that'll be a bonus.

    Yeah payday loan adverts are the worst, targeting those already struggling.

    We all made bad choices. Otherwise we wouldn't be here! I hope were still here in December but in much better financial circumstances.
    Wannabe debt free by 31/12/2022 - Wannalose 3st in the process - 6lbs off so far
    8 x £2 coins (#32) - 6/12 NSD in January
    • Debtnomoreplease
    • By Debtnomoreplease 16th Jan 18, 9:11 PM
    • 26 Posts
    • 73 Thanks
    Debtnomoreplease
    Thank you, Fatrab. Absolutely hoping to be in a MUCH better position in December. :-) Hope your 4 NSD goes well.

    Day 16. 16.2.18. Sadly a spend day, needed shopping and some petrol £140! However, I'd of spent a lot more usually and this should last until pay day now-just! Still taking lunches to work, so saving a lot of money that way and makes me feel good knowing I've not wasted £5 or so at lunch.
    Heavy snow in my area tonight, so was a rather stressful journey home, but kept reminding myself...at least I have a home to go to! How dreadful some people don't have homes, not that it's nice to not have a home anytime of the year, but seems to bring it home more with awful, bitter weather like today.
    Anyway, my candles are lit, trash on TV-working the rest of the week until late, so a chill night needed.
    Tomorrow, will be a NSD. Tomorrow, I will a day nearer to pay day.
    Tomorrow, I will be a day nearer to being debt free.
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