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Journey to reduce my £30k debt to Zero by 24th December 2024
Hi All, Short intro as I'm running out of time on my break. I've been lurking on and off over the years, since 2016 (so the site tells me) but I don't think I've ever posted. My debt has managed to creep up to £30k which is completely my fault and I have very little to show for it. Its a number I'm really uncomfortable…
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Debt free by 40...
Hi guys, I'm new here! After a post on UKPF Reddit this morning, someone recommended a diary on here..I didn't know that this was a thing, but I'm so glad I've found it and I'm hoping this is going to get and keep me on track! Background, I'm 35 and my husband is 34. We have a son who will be 2 next month. Mistakes have…
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Getting Over "The Terrible Mistake" and a Debt Free Target of 2026
Hi everyone In January 2022 I had to sit down and tell my wife that not only had I managed to lose over 100K in inheritance but tried to recoup those losses through adding approximately 25k in credit card debt. COVID also caused a huge drop in income. Through a couple of really crazy investments (Avoid AIM investing like…
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Time for a new start
So it's time for a new start for my diary. Previous diaries can be found here. https://forums.moneysavingexpert.com/discussion/5585379/drawing-a-line-under-the-debt https://forums.moneysavingexpert.com/discussion/5754979/drawing-a-line-under-the-debt-take-two#latest 2023 is going to throw up some financial challenges, so I…
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Shaking off the debt
At nearly 39 years old, I am ready to experience life, debt free. Can I be debt free by my 40th birthday? I doubt it, but let's see what we can do! I cannot remember the last time I didn't have any debt, and I've decided that, for me, at nearly 39 years old, this isn't how I want to live. I want to document how I feel…
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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…
