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Cakeys debt free diary. Day 1, OH's wardrobe :)
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thank you both, i know if the shoe was on the other foot, he would not mind if was contibuting more. i think you have to be a very strong person to accept joint responsibilities for each others debt. i know my OH has no idea that his fixed costs are so high as i do all of the finances, i dont think it will do any good me mentioning it either, what would i hope to achieve from it. nothing
so instead, everytime it bugs me i can come on here and have a good old moan to you guys
its really comforting knwing other are in similar situations as me STARTING BALANCE JAN 09 £47,400
Debt left 24th December 2010 - 13611!!!!!:j
Update may 2013 - debt left £8000
Update oct 2014 - £25000 -
on another note, paid off an extra £100 off my egg today, going to give OH £193 to pay off some of his Barclaycard STARTING BALANCE JAN 09 £47,400
Debt left 24th December 2010 - 13611!!!!!:j
Update may 2013 - debt left £8000
Update oct 2014 - £25000 -
well done on paying so much off. My OH would be more than willing to accept my debts but pridefull old me insists on it being my debt alone. To be honest we work well this way, he is doing the savings for us and our future such as to cover maternity leave if we end up with a little sproglett.0
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Lemon_Tree wrote: »well done on paying so much off. My OH would be more than willing to accept my debts but pridefull old me insists on it being my debt alone. To be honest we work well this way, he is doing the savings for us and our future such as to cover maternity leave if we end up with a little sproglett.
how long have you been paying your off! you've done incredibly well! i originally thought i was 30K in debt, its more like 42K
still its going down. STARTING BALANCE JAN 09 £47,400
Debt left 24th December 2010 - 13611!!!!!:j
Update may 2013 - debt left £8000
Update oct 2014 - £25000 -
i had my first light bulb moment, in 2005 but it flicked off and by the time i came here properly in march 2006 i'd cleared some but added more to them. I'd been trying to get on top of things for years but never really had the money to be able to dent things. the debt figure is from March 2006 and at the moment i should be debt free in Oct 2011. If i hadn't tackled things it would have been at least 2020 so i'm pleased with how things are going even if it's slow.
but i do take into consideration that we've paid for a wedding with cash during this time, and done lots to the flat, bought a car for OH also with cash.
If nothing else at least i'm proof that this level of debt can be cleared. Funnily enough i always knew to the penny how much i owed and too whom, i even kept a book for every penny which left my current account, and i still managed to dig myself into one heck of a hole.0 -
hee hee, i cleared my debt once when i sold my share of my house to my ex. it was only 10K of debt, but cleared it all the same, and yep, somehow managed to rack it back up again. im hoping this is the last time.STARTING BALANCE JAN 09 £47,400
Debt left 24th December 2010 - 13611!!!!!:j
Update may 2013 - debt left £8000
Update oct 2014 - £25000 -
hi cakey - I understand re racking up the debt multiple times - we did that until we found this site. Hoping we have now learned our lesson!Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/250 -
i think my lesson is well and truly learned! what a poo day! if i had any money i would be head first in a glass of wine STARTING BALANCE JAN 09 £47,400
Debt left 24th December 2010 - 13611!!!!!:j
Update may 2013 - debt left £8000
Update oct 2014 - £25000 -
sorry you've had a bad day. Hands cakey a virtual glass of wine and some nibbles!Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/250 -
ah much needed thank you. what is it with life the moment things start going good they are instantly followed by something really crappy. maybe its KarmaSTARTING BALANCE JAN 09 £47,400
Debt left 24th December 2010 - 13611!!!!!:j
Update may 2013 - debt left £8000
Update oct 2014 - £25000
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