The Big Save 09!!

keeleyw24

Hi all,

Been a member of Martin's newsletter for months now when I had my LBM! Which was Jan 08. Very scary and lots of tears shed. Basically me and DH got into an enormous amount of debt (over £40'000 :eek: I know!!!), we had spent it on our new house, and our glorious wedding, and 5 star honeymoon...well we are now paying for it! Ha! We sold our house, just before this horrendous credit crunch hit, sooooo lucky! And the best decision we EVER made! Paid of 2 credit cards, and 2 big overdrafts with the equity from the house.

We moved in with the in-laws, for 7 months and believe me it was a struggle, but we managed to save thousands to get a deposit for a new house (just renting whilst we are still in debt), we now have a very strict budget and we stick to it very well. Our current house is bigger and cheaper!

Although, I've had to do a lot of switching suppliers, G&E saving £180pa, Water saving £150pa (water metre installed on Friday!), and as I'm a student (whilst working full time, phew!), I am applying for 25% off my council tax, so fingers crossed with that one!

We have applied to credit issues to see if we can get any debt cleared from our massive LV loan, they will be letting us know in the next 6 weeks if we have a case to answer to or not...I certainly hope so, as this is a whopping £331 pm!!

I'm loving being on the saving bandwagon, and this will be my diary, I'm hoping we can be debt free by Jan 2011. So let's seeeeeeeee!

Everyone must keep me on the savings straight and narrow as I don't fancy ending up back in the in-laws tight grasp again thanks! LOL! (Seriously though, it was amazing of them to take us in!!)

Here's to being DEBT FREE ONE DAY! Woop! :T

Keeley xx

cydney65

Hi Keeley and well done on your LBM :T

You're doing great. Only thing I can think of is if there is any PPI you think may have been missold? Have a look through the reclaiming PPI boards on here they are a great bunch.

I'll subscribe to your diary and keep checking in.

Good luck hun.

CydneyX

beanielou

2 years to being debt free isent long
Pop up your SOA if you want & we will see if we can help.Welcome to MSE.

mrscmr

Hi Keeley

Good to have a goal.. 2011 is not too far away. my end of the tunnel is in 2013 have a look at my diary "diary of a poor person aged 46 1/2 " we have debt the size of the moon!
good luck and good wishes!
mrs cmr

skysky69

:hello: Hello and welcome.

Congratulations on managing to reduce your debt by half. Just think how long it would have taken to clear if you hadn't sold the house.

What are you studying?

keeleyw24

Hi all, sorry it's been so long since I've been on here, but my internet wen kaput :mad:

All better and back online now, sorry but what's an SOA? I'm a bit dense with these things, lol...that's one I know!

Oh yes, the dreaded PPI, we found out last year that we were paying £60 extra a month for PPI. We were told when we applied for the loan that one of us had to take out the PPI or the loan could not be accepted, so dumb as were at the time, thought this was how it works, and did it. Currently, in the midst of trying to claim it back, we canceled it straight away when a friend, who used to be a mortgage adviser, told us we had been taken for a ride, oops! These people will do anything for a quick buck won't they! Especially, young and naive couple like us!

Wow, you lot are lovely helping me like this, thanks :j

I am studying for a law degree, and so a good thing now I've started that is that I don't go out much anymore, so no temptation to spend, spend, spend, hee hee!

I've started saving for xmas, is that a bit previous of me?

Should I push the date back a bit then? I will push it to Jan 2012, and see how I go...eek, very scary stuff this, but enjoyable as we're gradually seeing the numbers going down.

Thanks again you guys, now I'm back online, I'll keep updating it.

Also, how can I find this thread quickly when I log on, as it took me ages to find it again, ha-ha!

Love K xxx

jtr2803

:T HUGE congratulations to you on clearing such a big amount of your debts and making some big changes to help!!

I wish you all the best of luck on the rest of your debt free journey, I will be popping back to see how you are getting on :beer:

keeleyw24

Am I being really thick or is it really difficult to find this thread!! LOL! I can't find it, and it takes me ages to find it every time I log on! Can someone tell me a quick way to do it?

Thanks for the congrats!! YAY! We're on our way for sure....:D

**GREAT NEWS!! I had a letter in the post the other day about my claim against the bank charges in my current account between 2004 and 2008...and I'm claiming for a whopping £4160!!!! Blimey! I know the courts are currently on hold but how amazing would that be? And I've also been told that the claim we have put in against our biggest loan for misselling us PPI, will be to the amount of £2000 at LEAST! So things are starting to look up in our household...for once!

As and when these payouts eventually make it into the bank accounts, our little loan will definitely be paid off, which will free up another £150 a month! And with that will cut down our time left to pay off the biggest loan by a third, woop woop!

So, it's true what they say then...good things come to those who wait...;)

Me and the hubby have worked so hard to get this far and it finally feels like we're getting somewhere, we haven't been on holiday in 2 yrs (since our honeymoon!), and haven't bought any new clothes since...I CAN'T EVEN REMEMBER...which is quite good considering I was a shopaholic!! Lol!

Thanks all again for your support, and I'll keep checking in every now and again with updates!

Love!!!!!

K xx:A

keeleyw24

Within the last few minutes of my last post, I've just been told it's likely our company will be taking 10% pay cuts, doh! Looks like I spoke to soon :mad: Grrrrrrrrrrrrrr!!

Oh well, serves me right for thinking something good was going to happen, what's that saying? With pleasure comes pain or something!!!!

Oh well................

K xx

Raini

Hi Keeley :hello: just caught up with your thread. Well done on what you have achieved so far & good luck with the rest. That's not good news about your pay cut ... is it definite? Will it go back up ... eventually?

Oh, & if you click on the tool threads at the top of your diary you can subscribe & then find it in your control panel :D

keeleyw24

YAAAAY! Thanks Rainie, I did it!! Finally, I work with comp's all day so you'd think I'd be a bit more clued up ay!! Lol! :rolleyes:

I don't know if it's permanent, we haven't been told for certain yet, so fingers crossed it won't go ahead and it's just empty threats, but me and OH are finally getting ourselves sorted, and trying for a baby so it would be very unwelcome news!!!

K xx