Finally My Time

fairydiamond

After reading everyones diaries and posts, I have finally decided to come out the woodwork and tell you about me.

I am 21, living at home with parents, currently been engaged to my lovely fiance for 3 years, and early next year we are finally moving out!!! (Have to be rented, though!)

All this would have happened ages ago, but I have been unemployed for ages, but in September I finally found a job.

I stupidly lived on credit while I was unemployed. I have no idea why, I didn't have any real bills to pay... I was just living a life of luxury buying anything I wanted, even when I didn't want it!!!

I also wasted quite a bit of money on my fiance's business that crumbled in April this year. That left us with a little bit of debt.

I plan to be debt free by March so we can move out. I honestly can't stand living here anymore, but my parents are great, they let me live here rent free. I don't pay a penny towards anything, they are really kind (and perhaps foolish!)

I have finally realised where I have gone wrong, I am now strict with myself and do not buy things I don't need. I'm throwing all my weekly wages on my debt and it is so nice to finally see things shrinking. I have got rid of 2 credit cards in the last month!

I have never missed payments on anything, which I guess is good. I can't get any more credit at the minute though, so 0% cards aren't an option.

I have

£1480 Argos Mastercard
£1980 Virgin Credit Card (evil APR on this one!)
£470 Sky Credit Card

I have cleared Capital One (£490) and Barclaycard (£478) last month.

My partner also has a small amount of debt which he is clearing at the same time as I am doing mine. We are both working really hard and doing loads of overtime to finally shift this rubbish out our lives. I now refuse to live a life I can't afford. I will be sooooo happy when I no longer have to worry about paying credit card bills with huge interest rates. I am glad we have realised this now when we can afford to pay everything off quickly, rather than be stuck with no way of paying.

Ironically I am nothing like my parents, who never get anything on credit and have about £60,000 in savings.

They really would kill me if they knew the debt I had.

Sorry if I bored anyone, I bore myself!:T

RAS

Hi

You need to look at the snowball on www.whatsthecost.com. This tells you which debt to pay off first, usually the one with the highest APR.

fairydiamond

Thanks for the adivce, I have looked at the snowball, but I would rather get rid of the smaller ones first, then I can cancel them and just focus on the two big ones. Its easier for me that way. Either way they will all be gone in a couple of months.

fairydiamond

No longer moving out early next year. Found out on Thursday that my fiance has cancer.

He'll be fine but it has pushed everything back a bit. Money is the last thing on my mind right now.

doodledo_2

Fairy so sorry to hear your news, it must be a tough time for you and your fiance.

Wishing you all the best and sending some (((hugs)))

fairydiamond

Does anyone know if you can get statutory sick pay if you work for an agency?

My fiance was just about to get a contract where he works (they are still going to give him one) but he is still with an agency and I am unsure if they give statutory sick pay... and he really needs the money.

bountiful

fairydiamond wrote: »

No longer moving out early next year. Found out on Thursday that my fiance has cancer.

He'll be fine but it has pushed everything back a bit. Money is the last thing on my mind right now.

Forgetting about debt whilst being concerned about your fiance is understandable - but it won't go away - and making plans to deal with your debt will actually free you up to concentrate on him and his recovery. So - please don't abandon your initial plan to get your debts sorted - you can do it!

judi24

I am so sorry about your bad news - I can't answer your question - I think there are rules about how long you have worked and being paying NI contributions rather than contracts - but I am sure someone will be along soon to advise properly.

fairydiamond

Thanks guys.

I am not ignoring the debt, just not so bothered about it at the moment.

To update, I have paid Sky off, now I only have Virgin and Argos to pay off. So all good. Wish I could move these to 0% though!!! But oh well.

fairydiamond

Another nice update is that my mum and grandad have said they will pay for our wedding so we can get married next year. Very happy about that, it was a very overwhelming thing for them to do, very happy.