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Time to turn this around
I had my lightbulb moment recently. Despite the fact I have a good job in an industry that means I should know better, I've got myself into a bit of a pickle. The goal for the next 2 years will be getting out of debt, out of the consolidation trap and into a good position re savings. The 2 years after that will be aimed at…
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Credit card debtcycle
Credit card spending
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Mission: freedom!
Hi all I've been a long time lurker here but having decided that I really do need to make some big changes in my spending habits I need a diary to help me log them/stick to them! Abit about me- I'm a full time working mum with two kids. My DH also works full time. We own (albeit with a big mortgage) a nice house (in truth…
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Adventure wanted, but first we must rid ourselves of debt
I’ve ummed and aahed about starting a diary on here for a couple of months, but have decided that it is a good way for me to keep track of how our debt reduction is going and hopefully on those dark days when it feels like we’re getting nowhere I can remind myself of how things have improved. Anywho, I’ll give a brief…
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Shipshape and Bristol Fashion
Hello, I'm a long time MSE-er venturing into diary land! I paid off over £20,000 2013-15, but have lost my way a bit since having a family. I find reading diaries on here so inspiring but struggle to get on and do things myself, so am finally taking the plunge and hoping to keep myself on track! I read a lot online (mainly…
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LIGHTBULB!
Does anyone else think of the minions/despicable me when they hear lightbulb? Today i’m starting my diary. I’ve previously been on the forum, many years ago and whilst my debt is better “controlled” it’s probably the same amount. It’s time to really knuckle down and get rid of it. So here we go. I’m 34, married, two…
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Advice on owing a solicitors bill
Hi I instructed a solicitor Nov 2019 , was informed by the company that money would always have to be upfront for the work. My case was due for court in Feb 2020 , prior to that the standard of work and communication by this solicitor firm become dreadful and my original solicitor who I had instructed with 8 yrs…
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Sixty thousand reasons to stay motivated
Hi, I posted my circumstances on here a few months ago
but have decided that I need a diary to keep myself on track. I have already
posted my SOA on my other post. I made an error and incorrectly listed my total
debts as almost 70K whereas it was actualy just under 60K. We had our LBM last Autumn when we realised that
we…
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Inheritance during a trust deed
Hi all. Looking for some advice on behalf of my partner. In early 2020 her father passed away leaving an inheritance to her and her siblings which includes a small property. Her share would likely be around 30-40k. She notified the trustee of her trust deed and it has been over 6 months since that point with no contact.…
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Never too old to learn
You know when you wish you could turn back the clock and not be so stupid? Well that's how I'm feeling right now. I have around £56,000 in unsecured debt which is truly shameful. It's all on credit cards and it built up purely by my own stupidity. I had a gambling addiction which I am so ashamed of and ran up many…
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Here I am again...
Hi I’ve been a member of MSE for many years. I would join in challenges and get a real buzz from no spend days, from moving energy suppliers, from bartering on insurances etc. I have been in and out of debt since I was 20 (now 40 something) I never considered it to be debt in my 20’s as I just paid it monthly and it didn’t…
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The long road ahead
Hi all, I'm wanting to start my diary to keep me motivated on the long road ahead. (I hope this is the right place to post). Had my scary LBM in July when mine and my husband's debt reached a scary £43,600. This is due to a combination of moving house, doing a Masters, fluctuating mental health issues and burying our heads…
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Why we spend?
I was thinking about this the other day in regards to my spending and debt. Has anyone read anything good related to why they spend in the way they do. I dont like to abdicate my responsibility to my childhood. But any resources that you can think of?
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Is there anyone out there...?
Good afternoon everyone! I've tried this a couple of times and made some good headway, but have also managed to slip back. So today I am starting a diary to keep myself in check! My backstory is I separated from my wife in May last year following a loveless marriage for the previous couple of years. It was an amicable…
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New Decade - New Diary!
Hi, New diary time for me! My 2020 goals are; * Stay debt free * Save £10,000.00 * Get to goal weight of 10st * Get rid of 60 things I don't need * Use up the stationary and toiletry stash * Buy all Birthday and Christmas gifts in the sales * Keep a spending diary * £1,000 on surveys * Only shop to replace items I use *…
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The Journey Starts
Hello At the moment I cannot declare the full debt total, it's just too much, so I am going to start with what I want to achieve in 2020. Which is to repay: CC1 £150 CC2 £250 CC3 £600 Loan 1 £718 Loan 2 £2300 Total £4018 Repayments currently £200 per month (£2400 for the year have a further £1618 to repay which is £31 per…
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Time for me to be debt free
I thought I’d start a diary to help me on my way to becoming debt free. I’ve had varying amounts of debt, my highest being around £25’000 to the amount of around £13’000 I currently have. I’ve been on this debt cycle for such a large part of my life that I am ready for this change. I have a very supportive husband who I…
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Eager Elephant's Exciting Elimination.....
...of debt!!!! This is my old diary which I have had for the last 9 years – https://forums.moneysavingexpert.com/discussion/2175629/eager-elephants-effective-everyday-excursion#topofpage No need for new readers to read it, essentially the debt increased, my husband was a twit, I had great aspirations to repay debt which…
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Starting over 2017
Just as the title suggests really, starting over after the ugliest of years ever. Family illness, my own illness and now losing my job means it's time to start over. Need to do my SoA so that's the plan over the next few days and then tackle everything head on, interest only mortgage, negative equity, credit card, bank…
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how to work out maximum of mortgage
I am allowed to pay off 10% each year on my mortgage without penalties. Can someone tell me the formula on how to work out how much I need to pay each year and how long it would take to be mortgage free? I owe £106K
