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Treading water before learning to swim..
*takes deep breath* Hi everyone, this diary has been a long time coming. I had my lightbulb moment last week, after months of burying my head in the sand. After the Chancellor's Budget announcement I realised I needed to take stock and come up with a plan for our finances, so here I am! I'm in my early 30s, have 3…
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Tightening the belts for unpaid leave
I've been lurking on these boards for years and they are so so helpful. Thinking it's time to start my own debt free diary and keep myself accountable as I am about to start a period of unpaid leave for 6 months from end Feb. I'm not actually in debt so am not going to post a SOA but I was in debt for many many years…
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£50k to zero - made it across the finish line
TL:DR; version - £50,241 of debt paid off. Starting debt higher than gross household income. Thanks to a spending overhaul and strict budget, debt has been paid down with no settlements, no windfalls, no DMP. ****** In December 2016 I had my lightbulb moment when a travel insurance payment got declined. Debt at that point…
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Rennovations and the price to pay..
Hi, I am back and after some planned for spending on the renovations we have also had some unexpected costs. lets just say that buying the worst house in the village comes at a cost. A few major structural issues discovered along the way has blow our budget out of the water and I am now sat here with £27k debt. I have done…
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Help!
Im really hoping you guys can help! I'm new to this site. So bought a small 2 berth this year (23 years old) not perfect by any means but spent on a new refurb and replacing parts ie leisure batt, new tyres, water system, pump, blinds etc. Had 2 fun trips out in her when we were gifted another caravan which we jumped at…
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Let me know what you think
Hi All Wow…it’s been over 2 years since my initial debt free diary and so much has changed since. I randomly stumbled back across this forum online and decided to get another diary going to help me achieve my debt free goals and achieve financial independence. Some background on me, I’m 29 years old living in the UK. I…
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Twelve Months To Turn It Around?
OK, so here
goes! I think my lightbulb has been steadily flickering for a few months now. I
really want to buy my own home after renting for years. However, a couple of
things have happened which I hope mean I’ve truly had my LBM. Firstly, when
I’ve looking into applying for a mortgage, despite the fact I have access to…
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Cutting up the cards and saving for a house - one debt at a time!
Hi Everyone! I have been pondering with the idea of setting up a diary for a while now. Partly because I didn’t necessarily think I was in “unmanageable” debt so didn’t need to do one and partly because I didn’t think my journey would be interesting enough for anyone to read. I sat down and looked seriously at my debts in…
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Debt Free Diary 2021
Hi, Happy New Year to all. I am new here on the forum, but have used MSE tips for a long time now. I wanted to post my debt free diary as somewhere to keep a monthly tally of my progress and a copy of my plan that I can refer back to. As of January 2021 my total debts are: CC1 - 2950 @ 0% until November 2021 CC2 - 420 @ 0%…
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Creditors sold debt on
Hi I asked Tesco Credit for a CCA agreement and they provided one but not with the original address at the time of opening the credit, so the CCA is not genuine. They have since sold the debt on to a collections agency but I am still to receive a CCA with the correct details - should I ask for a CCA again with the debt…
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AimeeMum's Debt-free challenge
Hi all, I'm an oldie but really a newbie. I was first here in 2014 trying to get our situation back on an even keel. A lot has happened since then, we've not gotten any worse debt-wise, but things haven't improved either and I'm determined that that is going to change this year. I want to enter the new decade debt-free,…
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New Habits Needed...
So having been hanging around the forums since 2015 and starting a short lived diary in 2019 and really not getting much further in my debt busting ways I thought I would start a new diary. I follow several diaries and I am so inspired in many ways and have acquired new habits just from reading these diaries that I want to…
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How I got out of crippling debt
Posting this as advice which worked for me. TL:DR - I was in so much debt every time I got paid every penny auto left my account. I opened up a new bank account, diverted my wages there and paid everyone back one by one. It took years. HOW BAD WAS IT? Payday would come and the money would be taken out immediately by my…
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Back with smaller tasks!
Well I’ve tried getting back using my old account and have failed! I can’t remember my account details, been so long since I used this forum I have ran out of guesses. SO I’ve returned and guess it’s a good start to be a newbie!! I have managed to get myself a few debts again!! After becoming debt free on here many years…
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Plan of Attack
Hi Guys, As promised here is my new diary. The plan is to become debt free (AGAIN), and then get a deposit together to buy an house, getting myself on the property ladder is my number 1 priority now, you could say I have become obsessed with it, but as Rome wasn't built in a day - or so the saying goes. Some of you may…
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Digging my head out of the Sand
Hi All, I'm new to MSE but thought I would share my story (So Far). My issues started way back in 2001, my father passed away and I took it badly, ended up out of work for a while suffering depression, this resulted in me taking multiple unsecured Loans along with credit cards etc, being out of work I couldn't make the…
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Be badass or go home (Jen Sincero)
DFD Credit cards £12750 Overdraft £2500 Mortgages £200,000 Personal loan £90000 Total £305250 Income £52500 before tax 2 Properties value £700,000 My debt is really affecting my daily life. I grind my teeth in my sleep and can’t tell my family how bad it is. £190,000 of this debt is owed to family, 15 years to repay.…
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Plan of Attack
Hi Guys, As promised here is my new diary. The plan is to become debt free (AGAIN), and then get a deposit together to buy an house, getting myself on the property ladder is my number 1 priority now, you could say I have become obsessed with it, but as Rome wasn't built in a day - or so the saying goes. Some of you may…
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Best way to do things
Hi Guys, I'm after a little advice if possible, I have some outgoings and I want to save a deposit for a mortgage - and I don't know which way around to do it. So my financial situation currently reads as below Council tax debt £2431 (paying off at £304/month) no interest Car Finance £13,171, £399 per month @25% apr…
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To close accounts not being used or keep them open?
Hi All, Thanks for reading in advance... I have recently taken out a loan and paid off a few credit cards. I had some already open (with 0 balance) and others i have just paid. I now have 4 accounts all with 0 balance. Im not sure whether i should close them and just leave accounts with balances on or keep them open with…
