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    • Rach2186
    • By Rach2186 8th Feb 18, 1:32 PM
    • 14Posts
    • 24Thanks
    I will be debt free!!
    • #1
    • 8th Feb 18, 1:32 PM
    I will be debt free!! 8th Feb 18 at 1:32 PM
    Today I started my debt free journey.
    It was scary as hell opening those letters but now I feel like I can make plans to shift it all asap.
    Ive had failed attempts at a DMP and rejected for an IVA which led me to MSE. The information I have found here has been invaluable.

    I have decided my strategy is to cut my spending in any which way I can, I have bought a debt diary which will be solely for planning when to pay things with which payment (I have different payment dates through the month for tax credits and housing benefit)

    My food budget for the week will be £45. I will have to be thrifty and organised to avoid emergency expensive lunches at work and no more coffees! I have also opened a basic cash card account to transfer my weekly allowance into and will leave all other cards at home.

    Im excited to be tackling this, I would like to be debt free by 2020 (I owe almost £9k)

    Ive accepted that my ex husband is not going to contribute his share and have not worked the intermittent maintenance payments he sometimes makes into my budget, so if he does pay one month it will be a bonus and it can go straight towards debt.

    Wish me luck!
Page 1
    • adaptimproviseandovercome
    • By adaptimproviseandovercome 8th Feb 18, 6:03 PM
    • 7 Posts
    • 16 Thanks
    • #2
    • 8th Feb 18, 6:03 PM
    • #2
    • 8th Feb 18, 6:03 PM
    Best of luck in your journey !!
    • beanielou
    • By beanielou 8th Feb 18, 10:07 PM
    • 50,578 Posts
    • 193,526 Thanks
    • #3
    • 8th Feb 18, 10:07 PM
    • #3
    • 8th Feb 18, 10:07 PM
    Wishing you well on your journey.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • MrsSave
    • By MrsSave 8th Feb 18, 11:24 PM
    • 1,429 Posts
    • 4,649 Thanks
    • #4
    • 8th Feb 18, 11:24 PM
    • #4
    • 8th Feb 18, 11:24 PM
    Good luck on your journey
    YNAB - one of my favourite money saving tools
    Finally debt free (other than the mortgage) - 05/02/18
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • enthusiasticsaver
    • By enthusiasticsaver 8th Feb 18, 11:31 PM
    • 5,702 Posts
    • 11,268 Thanks
    • #5
    • 8th Feb 18, 11:31 PM
    • #5
    • 8th Feb 18, 11:31 PM
    You seem to have a plan. Good luck.
    Debt free and mortgage free and early retiree. Living the dream

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to
    • Honeysucklelou2
    • By Honeysucklelou2 9th Feb 18, 3:50 AM
    • 664 Posts
    • 2,631 Thanks
    • #6
    • 9th Feb 18, 3:50 AM
    • #6
    • 9th Feb 18, 3:50 AM
    Well done on the steps you've taken so far. I find the days I've left my purse at home to be beneficial to the budget!,
    paydbx #93 £483/£8,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3123 in Jan 18
    • Mumoffourkids
    • By Mumoffourkids 9th Feb 18, 7:05 AM
    • 411 Posts
    • 1,746 Thanks
    • #7
    • 9th Feb 18, 7:05 AM
    • #7
    • 9th Feb 18, 7:05 AM
    Good luck with your debt busting. I also have lots of different pay dates throughout the month. I get wages and one lot of maintenance monthly on two different dates, housing benefit every two weeks on a Friday, tax credits and child benefit weekly on a Monday and another lot of maintenance weekly on a Friday. It makes for a very confusing budget and I never know if I have extra to pay off debts until the end of the month after my two big bills go out of rent and nursery fees.
    Total debt Dec 2017 £23090.83 Feb 2018 £7675.3966.76% paid
    Debt no 3 £600/£1000
    Debt no 2 £0/£412.05 paid Feb ~ Debt no 1 £0/£593.29 paid Jan 2018
    Emergency fund £387.50/£600 ~ Total Savings £1036.29
    PAYDOBX2018 #97 £10114.82/£12,000
    • a_silver_lining
    • By a_silver_lining 9th Feb 18, 8:02 AM
    • 129 Posts
    • 465 Thanks
    • #8
    • 9th Feb 18, 8:02 AM
    • #8
    • 9th Feb 18, 8:02 AM
    Gook luck many small steps equal big strides. Go for the little wins and you'll get there before you know it!
    19/12/14: Spent 10 years of savings!!
    ..... to buy my first home.

    2018: 2569/10k saved! --- Family Loan repaid 2800/10K repaid.

    #38 1% Challenge: £356.98/ £2018, now at 17%!
    • enjoyyourshoes
    • By enjoyyourshoes 9th Feb 18, 8:08 AM
    • 1,039 Posts
    • 1,269 Thanks
    • #9
    • 9th Feb 18, 8:08 AM
    • #9
    • 9th Feb 18, 8:08 AM
    Well done for the plan.

    Prioritise your debts , so you know which debt you will pay off first (usually by highest APR first and don't forget to calculate the cost of the OD if you have one)

    Its amazing how much the drip drip drip of spending can cost you over a month, so be hardened to the marketing !)
    Debt is a symptom, solve the problem.
    • Rach2186
    • By Rach2186 9th Feb 18, 9:27 AM
    • 14 Posts
    • 24 Thanks
    Day 2:

    Plan for the day

    Meal plan for the month using as much as I can up from the cupboards and freezer

    Plot all my payments in my diary and prioritise the debts

    Print PPI and bank charge reclaim letters and start the process

    Close my bank account that has a fee and open a basic bank account

    Have a look for vouchers and coupons to apply to my shopping

    Join some debt challenges to keep motivated

    I feel like a massive weight has been lifted. Im going to have a hard year ahead, me and my family have made a no birthday presents pact for the year so any money I would have spent on presents can go towards debts.
    • Rach2186
    • By Rach2186 12th Feb 18, 5:09 PM
    • 14 Posts
    • 24 Thanks
    My very first budget food shop. Found it easier and cheaper to do two weeks and spent £45 including a new frying pan! Heres the meal plan

    Here is my £40 shop and from it I will get the following..

    Blueberry pancakes and yoghurt
    Pancake and fruit kebabs
    Poached eggs on homemade hash browns

    Lidl protein rolls
    Jacket potato
    Pasta salad
    Mini pizzas

    Burgers in homemade pitta with roasted new potatoes and salad
    Cabbage, bacon and garlic pasta
    Chicken en croute
    Macaroni and cheese with broccoli
    Chicken roast
    Cottage pie
    Chicken and pesto pasta
    Chicken fajitas with home made wraps
    Chicken pot pie
    Spaghetti carbonara

    Snacks (homemade)
    Carrot cake muffins
    Jam tarts
    Mixed fruit scones
    Cheese biscuits
    Bananas dipped in dark chocolate
    Frozen grapes
    • tessiesmummy
    • By tessiesmummy 12th Feb 18, 6:59 PM
    • 75 Posts
    • 63 Thanks
    good luck!!! I'm also at the start of my debt free journey!! I'm cutting out unnecessary spending which is proving a little bit hard but I'll manage!!

    I reckon Coffee is going to be my biggest hurdle. I spend way too much in costa every week !!!55357;!!!56877;!!!55357;!!!56877; Debt Free Wannabe
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