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Spendthrift Anonymous
People tell me the first step is to admit you have a problem! So here I am at a virtual 'Spendthrift Anonymous' meeting, I've just stood up and I'd like to say my name is ****** and I am a spendthrift and this has led to mounting credit card & personal loan debts. So as of today I have changed my bank account, cancelled my…
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The Debt Marketplace
Do you know there is a debt marketplace where businesses sell and buy consumers' default debts in the UK? I became aware after finding myself in a debt situation where multiple buyers bought my debts and I had to contact each one of them to find out the origin of the debt. You could be paying one debt to more than one debt…
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A New Beginning
I've been AWOL for a while and now seems the right time to start a new diary. A brief history - we moved to our forever home in 2021. Twelve months after moving in, I discovered that the children and I had been betrayed in the worst way possible. My marriage ended overnight and I was suddenly a single mum with a huge…
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Time to be a grown up!
Starting a diary to keep a track of 2024. 2023 was awful in every aspect so need to get a hold of a few things. My debt is fairly minimal with an overdraft of £930 however this costs me every month so it’s time to knock it down. Hoping to reduce it by £10 a week minimum so end goal would be 13/10/2025. I’ve always been…
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Head Up, Keep Positive, Eye on the Prize
I have decided a diary is the way to go to keep me accountable on my way to debt freedom. A potted history - I have been in debt virtually the whole of my adult life, from my first year in college when I was offered a credit card along with my first bank account, to now - many years later! I'm a bit of a nerd with numbers,…
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Here we go again!
Hi. I have been on this forum for many years. Finally became debt free in February 2018 but unfortunately have found myself back in debt again. I have many excuses as to why this has happened, mainly my mental health. When I’m not in a great place I spend impulsively, as well as drink too much and eat too much. Since the…
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Today I totalled up my debt for the first time...
Just a short post but today, but for the first time today (after months/years of putting it off) I lifted my head out of the sand, logged into our various credit card accounts, and took a note of our total debt, accurate to the penny. I had it in mind that the total would be around around £40-50k, andl including CCs,…
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31k is a scary number
Starting a new diary for 2024 to keep me accountable. My debt is at its highest it has ever been and it makes me sick to the stomach, I thought I had a LBM last year but this year my debt is worse and i've had enough! i grew up watching my parents fight over debt and rather than making me cautious, the scarcity mindset in…
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Keeping on the Straight and Narrow...
Well here goes, my first diary...After being an avid lurker both here and on the MFW boards over the years I have been amazed and inspired by the success of many individuals and the support of other forum members so hoping to do the same. So why am I here? In the 6 years since DH and I bought our home we have undergone…
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Stop hoarding and pay off debt 2024
£14,889.96 is how much debt I have (excluding mortgage for my dream home). Its all in the one loan now and set up to pay off in 12 months. My target is to do it in 9 months. I earn a really good salary and the loan I originally took out in 2021 was £14,000 but I kept moving the loan and asking for a bit on top. That has to…
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Missy’s Surviving the storm so we can dance in the rain.
Hi! I thought it was time to start a new diary. Quick update, there’s me, OH and my 2 children, May who’s 8 and Roo who’s 10 in a week. I’m 40, run my own business and a shared one with OH. Both of which we’re trying desperately to rebuild after Covid. We bought our first house this year which is great but we have a…
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2024 will be my year - income, debt, physical and mental health progress!
So after around 8 years, I'm back on MSE! To save going through the details of where I was back then, I'll leave the link to my very short-lived diary that you can go check out if you wish - https://forums.moneysavingexpert.com/discussion/5364757/sandecs-journey-to-debt-freedom/p1 Things have really changed since then, and…
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New year, new career & £8K to clear
I'm starting a diary here for accountability. :) About me: early 40s, single mum to two girls in primary school, half Scottish, loves cats, books, singing and the great outdoors. I have just under £8K debt, as follows: * Tesco credit card, £4837.72, 0% until May 2024 * Santander credit card, £3009.52, 0% until July 2025…
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8 debt paydown diary
My new diary to document where I am with finally ridding myself of my long ongoing financial woe. After an eternity of high interest debt - revolving payday loans ( up to a regular 13 of them a month for many years ), 5 defaults in the last year, and all outstanding compensation payouts from payday loan providers done - I…
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Finally paid off!
Wont make a massive post (I'll save that for when I have more time), but just wanted to share my news that I made my very last IVA payment earlier this month. Well, I say my final IVA payment but it was really my last payment to Sprout Loans, who offered me a loan back in Oct 2021 to pay off my IVA early...I'm guessing its…
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2024: Paying the Present, Funding the Future
Hi I've been around the DFW boards and the MFW boards for a long time - I started a diary previously but didn't keep up :( At that time, the debt was minimal and manageable. Now it's 2024, the debt has increased and we have lots of changes coming up this year, including a house project and a major income change (OH…
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My husband doesn't know...
Ok, I'm glad I got your attention. Unfortunately it is true. My lovely husband doesn't know about my credit card debt, and at the minute telling him just isn't an option. I'm very open with him on everything else in life - I'm just too embarrassed to tell him about this. So please don't give me any marriage advice. I am…
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Urgent debt help
Hi my debt is spiralling out of control I’ve sat down and wrote all bills and debts (what I’ve put off for months) kept spending on credit cards now I’ve sat and calculated everything and I seem to be spending more than we are earning credit card bill a month is crazy and can’t afford it. got 4 loans some finish in 3yrs, 3…
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Asset Rich, Cash Poor - Me vs £130k debt mountain
Hi, Thought I'll
share my story. It is not a typical story here in this forum. I used to be quite
well-off. As the things stand on 25/03/2023, I own a house now worth £360-380k (had inheritance,
and the mortgage associated with it is just £72k now), a fully paid off Mercedes E-class with advanced engine (still worth about…
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New fresh diary for 2023!
New year means a new fresh diary! So, going back to when it joined the forum until now; January 11th 2021 Debt - diary said 5k, but was 6k. Was this my lightbulb moment, no. Was I accountable for myself being in debt, not really. October started a second job at Sainsburys along side my full time job. Extra money towards…
