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2020 - Clearing the debt the start of our journey to FIRE
Hi Everyone, The last 5 years have been very hectic and the result has been a ton of debt. Our networth isn't bad as we set up some rental properties in our early 20s which are doing well. But our personal day to day finances have taken a battering due to having two babies in the last four years. My youngest has just…
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Hiding my debt from my wife
Hi, I really dont know what to do, im in debt and my wife doesnt know. I have a loan with tesco totaling around £12000, a loan with nationwide of about £8000, a credit card with £1200 and another HSBC which i did as a balance transfer which is about £1000. Its all consuming at the minute and I am at my lowest point and…
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Debt free wannabe by dec 2021
So I'm back again and this time sticking to it. So here's a little about me..... I'm currently in debt £12,949. Stupidity and bad decisions have got me in the mess and I'm going to work hard to get it gone. Theres currently me and my partner and 2 children and we rent at the moment, in time I'm hoping to get the debt gone…
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Destination, debt free.
28....05.....2020 The date has been stamped. Today is the day that I embark on this long and winding journey of becoming debt-free (with the exception of the mortgage). Rollback 4 years ago and I wouldn't have imagined being in such a position, roll back 8 years ago and I said that I would never get a credit card. 8 years…
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Looking for my willpower...
Hey all, After getting some advise on here a couple of months ago, I seem to have spiralled backwards in a bad way. I finally thought I was getting somewhere but I obviously haven't. I have been reading a lot of these diaries over the past few weeks as sleep has been very little as I have been worried. I have bad mental…
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*Elby's Debt Diary
Hello everyone, Well I though the hardest part would be building the courage to post on here - turns out it's thinking of a name for my diary. I've failed with anything unique, so let's hope the debt plans work out better :smiley: I have been actively working on reducing debt (paying more than minimum) since about February…
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Plans in the sand
Hello everybody! Well here I am with my shiny new diary.... A little bit about me: I was on here in around 2012 at which time I was definitely in debt crisis- by the time I'd paid all my bills, I literally had no money at the end of the month. Anyway, I got my head down, worked hard, lived very frugally and managed to pay…
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Second time lucky... debt free diary.
Good afternoon all. As title says, this is my second time here. I started a few years ago, debt started to go down. Then DH was made redundant! He refused to sign on and we lived from the credit cards (think he was suffering depression). I have major mental health issues but went back to work almost 2 years ago but we were…
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Unenforceable Debt - What Now?
I have had confirmation from both Cabot and Idem that my debt is unenforceable after requesting CCA's. Is there a template I can use to write to them to inform them that I will be stopping payments until the CCA's can be found? Has anybody had anything happen after payments have stopped?
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CreditCardJunkie's back again...
Here's the jist if you're new here; - I had a previous diary and got lost along the way - I was constantly in a trap of running up a card, then balance transfering it onto an interest free card, then running the first one up again - I never budgeted properly, I didn't give myself spending money. I paid all my extra money…
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Family of 4, paying back £50k in 4 years whilst trying to live eco friendly
Hi Everyone! I haven’t been on here for the longest time. Life has changed so much! So basics, myself and OH run a business, so are both self employed, we need to pay back £50k in just under 4 years so that we can get a mortgage and buy the house we are renting. I have two beautiful children nicknamed May and Roo who are 6…
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Debt free by Christmas...!
Hi Everyone, I have been reading lots of DFD over the bank holiday weekend & I think this could be the motivation I need to get all debts cleared/all payment plans finished by the last payday before christmas.... so debt free by 1st December. I spend too much on tat, takeaways and general rubbish! The debts are crap too…
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Daring Myself to do this
I keep daring myself to do this then talking myself out of this. Here goes... Happy wife and mummy of two beautiful girls. Things have changed again for me. Hubby has 6 month deployment coming up and then we are moving to base (have been living near family). Doing this means I have to give up work and I'm pooing my pants…
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ADHD and Frogs: How to Balance the Budget?
Hello! This post is going to be a little long, but I wanted to be honest about how I ended up in this situation. I joined MSE last year in the hope of making a fresh start, and then in the middle of moving house, I had a family bereavement. It’s had a knock-on effect on the rest of my life: the time that I’d allocated…
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Covid 19 issues - trying to pay debts on time but having to struggle to financially
Hi all, I am just looking for some advice really as I don't know who to turn to. I am in debt, and although it has reduced quite drastically and I am nearing the end I am struggling to get through these final months due to the Covid 19 sitatuion aka been furloughed etc. My total debt is approximately £2000 but is spread…
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Debt finish line
So where do I start I don’t know how people feel about shares, trading and what not but I’ve had a brilliant day in the space of 3 hours I’ve made £1.4k On a tip and I couldn’t be more happy if the momentum sticks il have £3/4k by end of next week that means il be debt free for the first time in 6 years I won’t have any…
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Debt free in ten years-my new, more realistic challenge.
In ten years I will be 61!! My original plan was to be debt free by the time I was 55. I have had a major shift in life plan since then and have almost got my first business up and running. Our mortgage is £114500 Owed to family members £9000 We still need to borrow to complete the business and get it up and running. My…
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"The Diary & Teacake" - DFW'ers Virtual cafe-in-a-crisis
OK - no idea if this will work but let's see - I have deliberately put it on the diaries board because my intention is that this is a general chat thread, and yes, counter to the "usual" MSE rules (hoping the mods/board guides will allow, in the circumstances), it will not necessary have a DFW theme to the posting, and I'm…
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From Nightmares to Dreams come true!
Hmmmm isn’t this strange typing my life onto a blank page for strangers to read. I’m not quite sure why I decided to do it but now I’m here I’m going for it! A bit about us? I’m a 33y young single mummy to a daughter who is 7 aka little miss and a son who is 3 aka rat pants. I work 3 days a week in the admin department at…
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This may take a while
Lighbulb moment - check Everything in as few places a possible - Check Ready for 4 years of hard work - Check I have to work on this for a long term goal of being able to move house. I have been keeping an eye on finances via YNAB for the last 3 months. Although I know it is an unpopular option I have consolidated some…
