Tales from a country cottage

Igamogam

Dont know about loans Ani.....sorry. Can undertand why you want to do it but I know what you mean that it seems to go against the MSE grain!

ani*fan

Thanks Igamogam. I think I've pretty much decided to do it. The reason its not great for us mse people is because you then don't learn the lessons of managing to live within your budget. If you have a small loan repayment then you can rack up debt again elsewhere. But I'm way too sensible for that (I hope) and my payments would be the same. And I wouldn't feel the need to give her everything I've got every month! At least I'd know when my minimum payments were made then everything else would be a bonus.

Does that make sense?

NewLeaf_2

I am going to give a thumbs down to the loan. I know how tempting it is but please dont do it

lucielle

How long would it take to clear it without the loan?
L

Igamogam

ani*fan wrote: »

Thanks Igamogam. I think I've pretty much decided to do it. The reason its not great for us mse people is because you then don't learn the lessons of managing to live within your budget. If you have a small loan repayment then you can rack up debt again elsewhere. But I'm way too sensible for that (I hope) and my payments would be the same. And I wouldn't feel the need to give her everything I've got every month! At least I'd know when my minimum payments were made then everything else would be a bonus.

Does that make sense?

I can see it makes sense if you really are going to be disciplined and not rack up other debts. And yes I understand the need to sever the tie to the ex

ani*fan

Hi gang.

Why do you think I shouldn't do it, Newleaf?

I have applied for a zopa loan, one that is repayable any time I like with no penalty for early repayment. Pretty sure I won't get it but I have tried. Ex- OH must be on the edge of her seat wondering if I will pay her every month.

I have no idea how long it will take to pay her back. I owe her £1625. I have tried based on the past to guess how long it would take but to be honest, I never expected to be over a year down the line with debt repayment and be absolutely no further forward. So given that track record, she will never be paid.

Sorry, feeling very low right now. Back later.

Igamogam

ani*fan wrote: »

Hi gang.

I have tried based on the past to guess how long it would take but to be honest, I never expected to be over a year down the line with debt repayment and be absolutely no further forward.

Oh how I know that one! let us know how you get on with the loan - have you ever thought about a credit union - I have no idea how they work but you may be able to get maybe part of the money you need though using one

Igamogam

Happy New year Ani Hope all is well with you:)

ani*fan

Hi there everyone :wave:

So I've been awol for a while...but now I'm back with debt busting ambitions bigger than ever. Thank goodness for this place to help me get back on track.

Unfortunately the debt is also bigger than ever, an extra £1k has been accrued in the last 8 months or so. This was due to a holiday in Spain that I could not afford and also to smoking again, not roll ups but the really expensive £7 -a -pack every day type of cigarettes.

Things need to change. Drastically.

I've been accepted to do my PhD and start at the end of next month. :T I have a training post that should bring in around £1700 per month. :T I need to move to the most expensive city ever in the next few weeks, which means my days of living in a country cottage are over for now. I'm kind of excited about the move, it's a whole new fresh start for me and requires a brand new budget. Once the move has happened, I plan to start a new diary with a more appropriate title. In the meantime, my short term goal is to try and make the move happen without using the credit cards or accruing any more debt. This is not as easy as it sounds.

Anyway, it's fab to be back. I feel more in control already.

ani*fan

I'm thinking there will be many financial benefits to living in a city again. Here's a few I thought of:

• I'll be able to walk to places I need to go, work, supermarket, no need for 5 miles off road driving before I reach civilisation.
• I have already spotted free activities happening in the city, yoga and meditation anyone?
• I can say goodbye to my 4 x 4 and get a smaller car, cheaper road tax, insurance, less petrol, the works.
• I will be within walking distance of the bus and train stations so can get cheap, pre-booked tickets when I'm visiting family and friends further afield.
• How's that for a good start?