a Story of facing up to the truth!

Madboffin

Good morning to all,

This is my first post on the forum so apologies if I ramble a bit...I just needed to tell some like minded people of my successes this year to date.

January - up tmy eyballs in debt, secured loan, personal loan, credit cards, beginning to miss the odd utility payment. You know the picture, keep borrowing to pay of previous borrowing - living off the credit cards until they melt :sad:

February - finally got a grip and decided that borrowing was definaely not working for us (I know for a boffin I can be mighty dense at times)so contacted PAYPLAN - they were brilliant . They helped me itemise the income & outgoings and contact reditors to offer a £1 nominal payment for 6months, without penalty and with suspension of interest charges, to give me the breathing space I needed (This costs nothing but pride to do!).

So what have I done with the breathing space? Well...

moved my dual fuel supplier saving an estimated £830p.a.
change home/contents insurer saving £208p.a.
buy contact lenses and solutions direct online saving £264 p.a.
and finally
moved my mortgage, capitalised all the high interest debt into one lower mortgage and still paying £150pm less!

with this latter one - I've decided I can now afford to pay the £150 p.m. more than the mortgage company require so will overpay every month and pay off the mortgage 8 years early (already checked, there's no penalty for doing this) saving 8 years of interest.
So what's the conclusion... this WILL be the year we finally get finances sorted in the :mad: boffin house! Good luck to all you other debt free chasers out there - this little story proves that if someone as stubborn and independant as me can finally admit my failings and seek help - anyone can.
Finally, I estimate COMPLETELY debt free by 2017

Jacko_3

Welcome aboard Boffin

Good to hear about your light bulb moment

$17mma

Well done Madboffin

And welcome aboard.

Angel_Advisor

Well done!!!!!! You sound so positive, keep up the hard work.

BACKFRMTHEEDGE

Go boffin. :j :j :j :T :T :T :j :j :j

Old_iron_balls

well done Boffin, great start. good on ya

amosworks

Congrats on the news!

kuohu

Well done Mad Boffin, sounds great.

But... can't you just invent something and become the next James Dyson? :rotfl:

snoozer

Really well done, keep on looking round this site, there is so much helpful advice on ways to save money, maximise income etc it takes ages to work through them all. :j

Prudent

Well done:) There is so much financial wisdom on these boards you may even make more savings yet.

Madboffin

yeah I wish! more to do though - currently preparing the claim for ilegal bank charges. I'll post my progress