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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
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Project Change!
Good morning I’ve spent a lot of time lurking on the diaries board and have finally decided to take the plunge and create my own. In the interest of full disclosure, it won’t be pure debt busting but will instead act as a brain dump for the journey I’m about to embark on. So a bit about me, I’m a mum of one and live with…
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Serial debtor trying hard!
I have deleted this thread an reposted a more detailed version Thanks
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One income family of four - can we get ahead even after pay cuts?
Hoping I can keep up with a diary this time 🙂 will subscribe to some others too as I find them so inspiring. I’m an at home mum of two small kids (my 4.5yo son Monkey and 18mo daughter Bambi) and we live with my husband Red who works a skilled manual job - he’s currently furloughed on the 80% pay but due to return to work…
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Its a new Me! Wannabe Debt free ... and get a Mortgage!
So, yes, its a new dawn, its a new life, its a new day for meeee... Me and OH have finally almost reached debt-free. I hope its alright for me to linger on this forum, its just so friendly and supportive. Mr OH has a personal loan which he took out to buy a vehicle (needed for his business) £8.5k for 3.3%. And I've £3k…
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Finally the penny drops ...
Hi All, Like many others on here I am a long time lurker who has been reading others inspiring stories to debt freedom & frugal living. I thought I had my LBM a while ago but in all honesty I've been kidding myself as I am still a horrific shopaholic who just spends for the sake of it when there really is no need! So a…
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Day Dreaming to Debt Freedom
Hi People! I've been on this forum for a small lifetime. Many false starts and half baked plans, you know the story! So I thought it was time for a new username and a fresh slate. After all, 2020 being the way it is.. might as well make my own rules? During the national lockdown, roughly 2 month in, Hubby was made…
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covid-19 has helped me.
where to start, well for the last 19 years, i have allways been ovendrawn.i get payed, which cleaned my overdraft,each month. but within a week or 2 i would be £1000 over, or more. and its been like that for years. well untill jan 2020. as i am not buying stuff,food only.( hoildays,music festival tic's, not bought last…
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New Me 2020
Good Afternoon all. Thought with the end of this horrible 2020 being upon us there is not better time to focus on the New Year and push towards getting my debt cleared my way. So a little about me first. I was very silly with money when I was younger which has resulted in me getting into a bit of a mess with my finances.…
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Better Budgeting with YNAB
So for a long time I’ve been bumbling along “ok”. I generally thought I’d got a good grasp of my finances, but I’m also easily distracted by nice shiny things. Part of the problem was I knew I was eventually going to have a job that paid well, but I was already starting to spend at that level without actually earning it.…
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Last diary I promise!!
So my third diary!! Well well maybe I will stick at this one! So where have things changed... we got the keys to our first home in April 2020 after a worrying time with mortgage/furlough etc etc but we did it. We have loved the last 10 months in our home, there was and is still a lot to do but its been a great learning…
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Getting it together...one £ at a time!
Quite a few of you will have likely read my old diary but after a moment or two of paranoia at the level of detail I was sharing and how easily identifiable I'd be if anyone who knows me stumbled across my diary, I'm going back to the beginning to try to keep my journey safe. I've been on here battling with my debt since…
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Fiwen takes flight(?)
I had an unpleasant wake-up call recently, in which I realised at the grand old age of 29 I have always been living off the money of others, and that this life-long experience has massively warped my perception of the value of money, and given myself a very undeserved perception of having ‘wealth’. The reality is, there…
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One day I will be debt free...
Hi I’m starting this diary to keep track of my credit card debt. I posted another thread asking for some advice with how to tackle it - which card to start with and which to shuffle as I’m not able to get another 0% card at the moment. I can’t post a link because I’m new but I think if you click my name you should be able…
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Great news: You can now post links to your debt-free diaries in your signatures!
Hi everyone, Since it's been 10 years since Debt-Free Wannabes launched, we thought it would be nice to celebrate by allowing links to your fantastic Debt-Free diaries in your signatures. We've not allowed this previously as we try our hardest to keep the forum free of advertising, but seeing as this is just another…
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One gone one to clear....credit cards..
I keep meaning to start a diary to remain me on this! Yesterday was pay day I forgot I had a bonus from work!! So was very happy and thought I'll best put it to good use. One of my credit cards had £301 left on it. I did plan on paying it off 2 months time. Two months free of council tax and the surprise bonus has been…
