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Semi Retirement and Beyond.
As I said in my previous diary I would start a new one as in six weeks I cut my working hours in half to 18 hours , working two days a week. I have chosen to start this part time working on half my salary before one of my pensions kicks in , in December . Therefore I am going to have to be very frugal for six months , I…
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What should I do? Use my disposable income to pay off outstanding debt?
-Mobile phone debt one £64pm (around £1.7k left) -Mobile phone debt two £6pm (few payments left) -Loan one £80pm -Loan two £100pm (13 payments left) -loan 3 £25 (£710 left) -dwp £27 (4 payments left) -mobile phone £13 DD £317pm Food £120pm Travel £200pm Rent £200pm Roughly: £837 left -Monthly wage £1630 -Around £793 left…
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Strange Truths
It is time to face the truth - my debts, mainly credit cards, are well out of control and I need to get it under control before I can no longer make the minimum payments which is terrifying me! Times are tough and I have been putting food shops and other necessary spends on my credit cards and maxing them out and then…
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Pippi's Diary, 2024 edition.....
Hello folks Back again after a long break to get some focus as I change jobs.....long time no see! Off to do a budget! I seem to have lost my mojo so starting with the MSE love to find it all again! Haggis says Hi too.
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Self managed dmp
Hi I have switched onto self managed dmp and after working some overtime I am looking to pay one of my smaller debts of in full with very. Few queries I have, my payments managed by direct debit via a debt company to very have been marked down on my credit filed as missed payments for over 12 months. Very and the debt…
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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…
