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Advice on how to get out of debt I cannot pay
Hi, I'm new here and hoping to get some advice on the best way forward to get out of debt. I'm resident in Scotland. Context:I took out two personal loans a couple years ago whilst having a good career. My mental health (for which I have a diagnosis) deteriorated shortly afterwards, and have been working intermittently…
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Sell, save or repay
I'm feeling stuck! Me and my husband are separating. I can't comfortably afford the house on my own, so I had put it on the market but now I'm doubting myself because, if I didn't have debts to pay back, I could afford it. Currently I owe around £20000 in debts, some of it are from family to buy the house. My first thought…
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3 weeks with MSE and big improvements already
After only 3 weeks here I am taking responsibility for my money and have made some drastic changes. Got my phone and broadband halved, stopped gym membership and am working out in the open air, started shopping in a less food waste shop and am saving £20 per week on food, stopped the window cleaner for a bit and ended…
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Double figure debt to clear
So I totally forgot all about MSE and my old thread (now closed) which is reflected in my spending habits as I now owe around £10,000 again. I know I’ve done it before but I feel like the world is a very different place 11 years on! However no excuses, posting will keep me accountable and I just need to regain focus and…
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Figuring Finances Finally…
Hi everyone, I am starting this diary as a way to keep myself accountable as I undertake a debt busting journey. Some background…. I’m in my early 30s and live alone. I bought my house during the pandemic and as it was a fixer upper, it needed a lot of money spent on it. More than I had saved for or anticipated— right…
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Merged: Double figure debt to clear…again!
This discussion has been merged.
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Taming £12k
I meant to start this diary on 1 January, but better late than never, I suppose. I plan to add to it every day, even if it's not the largest update in the world, just to keep myself accountable. As you can see from my signature, I have four credit cards: CC1 - £1,418.78 CC2 - £2,097.48 CC3 - £4,250.46 CC4 - £4,905.78…
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Here I go... Start towards my Debt Free Life with a Self Managed DMP.
Hello- MoneySaving/DebtFree Wannabe here!! Have been lurking and reading through the DFW threads for
the past few weeks- a BIG thank you to all that post with your own experiences
and knowledge- makes this situation of mine feel a little less lonely and
scary. This coming month will be my first month I will not be able
to…
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Shopping addiction diaries
I have been a shopping addict for several years at this point, and I desperately need to change my ways. My current debts are: * Ratesetter loan - £4,364.55 * Monzo Flex - £83 Total: £4447.55 (It was higher than that but I managed to pay some CCs off this year.) I spend money on silly things I don't need - mostly clothes…
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Debt Free in 16 Months!
Hi All, After being a silent reader for so long I've decided to make my own diary. It all started after taking out a loan for a car (which I thought I could afford). Turns out I could afford the car payments, but trying to afford anything else resulted in my credit card getting used more than I wanted. I ended up taking…
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£7,000 in 7 months (Feb 2025)
Morning, I’m Mliz and I've been stalking the DFW forums for a very very long time 🫣. In that time I've paid off lots of debt, but due to my impulsive nature and love of instant gratification I’m back again. My total debt: Car Loan - £3,774 Credit Card - £2,600 Holiday - £948 Total Debt - £7,322 I hope to pay off my holiday…
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Statement of Affairs
Hi all, I am trying to get debt free but it’s tough. I am posting my income v expenses and just wondered if anyone can help or give advice income 2600 net outgoings monthly rent 1000 childcare my share (600) car payment 234 (agreement ends in May) loan 1 £142 per month (ends September next year) loan 2 129 per month (3.5…
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Round in circles...
So, here I am again, back after approximately 6 years after clearing all of my debt. I was approximately £25,000 in debt at that time and swore never to be in this situation again..yet here I am! I have been in denial for the last 2 years, paying the minimum payments on my DEBT cards and wishing for a resolution since…
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On my way to freedom! £16k debt free wannabe
It has taken me years to get to this point, but here I am, hello. After researching on here all the people who have managed their own Debt Management Plans (DMP), this is the route I have decided to take. I was previously on a DMP, then token payments with Step Change. I have now cancelled this and am due to write to all…
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My journey to health, wealth (well, saving for works to house, so not really!) and hobbies
Starting a new diary as feel like I need a fresh start/new motivation. 43, married, 2 young DC. Work almost FT (28 hours) in a professional job. No current debt (other than a mortgage) but been in serious debt in the past due to stupid choices, mainly to try to keep up with the Jones's. Still have a tendency to feel…
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I've just realised ...
I have managed to get a new job, just worked out what my wages will be - thanks MSE wage calculator and they will increase by a third. This surely will make it easier to pay off my debts. I also have two side hustles so will need to keep working at them to make the most of this increase. I am just so excited when it…
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My Intentional Journey to Debt Freedom
Hello everyone I have been following along for several years but only started posting recently. I have followed some inspiring journeys on this board and been amazed at the progress people have made - yet somehow never applied it to my own situation or considered that the lessons might be relevant to me. A little about me…
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My accountability Diary for £42k!!!!
Hi, I've been a lurker for a long time and have finally decided that I need to start my own diary to help me stay accountable and get these debts gone. We are just about managing with a very tight budget but I want to try and cut things down more as I know they can be, I just need to keep track more of spending and stay…
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Budgeting by the beach
I've been on here lurking for some time, and I think it's time I started my own diary and keep it updated. I originally tried to get this diary started in 2021, but just wrote one post which I then deleted. I've decided to resurrect this one on Friday 6 May 2022. Last year I decided I needed a fresh start, so I moved close…
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Finally seen the light…
I’m 28 with two children and live with my partner. I have around £3,000 in debts. I earn £23,000 a year, hoping for that to increase to around £30/32k in around October time when I move positions. I’ve always been an overspender to the point it’s become a secret addiction. My partner is aware of my situation to an extent…
