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My DFW Diary by ShinyShoes
Comments
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The cheapest nursery I can find want £430 deposit upfront plus the fees in advance of the month, so £1,073 - where am I going to get that from?
I am so tempted to apply for a loan to repay credit cards but I'm really scared I'm going to get rejected. I've had a letter from my bank saying somethings changed on my credit file. When I looked all I could see is my council haven't updated the electoral roll, I've just sent off another form.DFW Nerd 1447 - Proud to be dealing with my debt!
Starting Debt £26,342 (Apr 2013)
Current Debt £25,152 (July 2014)0 -
Where indeed to people get those eye watering amounts of money?
Have you discounted childminders?I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0 -
Childminders are even more expensive overall around here, I just got quoted £5.50 compared to the £5.23 at the nursery. I suppose they may not want such a large amount upfront so I may have to do that option. I feel I'm just going around in circles on this and need to get back to work asap so I can start earning money to pay back my debts instead of making them worse.DFW Nerd 1447 - Proud to be dealing with my debt!
Starting Debt £26,342 (Apr 2013)
Current Debt £25,152 (July 2014)0 -
Bloomin' heck .... that's a lot
I remember when I was trying to rent somewhere & they all 2 months deposit and a month in advance .... it was around £1k too and a nightmare to try to findGrocery Challenge £211/£455 (01/01-31/03)
2016 Sell: £125/£250
£1,000 Emergency Fund Challenge #78 £3.96 / £1,000Vet Fund: £410.93 / £1,000
Debt free & determined to stay that way!0 -
best of luck - this isn't an easy decision is it?
Can you plead hardship with the nursery..and ask to pay some of the deposit in chunks?MFiT-T4 Member No. 96 - 2022 is my MF goal
Winter 17/18 Savings Rate Goal: 25% [October 30%] :T
Declutter 60 items before 31.03.18 9/60 ** LSDs Target 10 for March 03/10 **AFDs 10/15 ** Sales/TCB Target 2018 £25/£500 NSDs Target 10 for March 02/10 Trying to be a Frugalista:rotfl::T0 -
I certainly never paid all that upfront. They are usually called children's centres. I would just ask the staff. If its sure start they are employed by the council not privately.Current debt: barcc £2986, HSBC cc £2307 now £0 Sant cc£3875 now £0 virgin cc £5492 now £0 tesco cc £1600 next £265 now £151, WFTC £545 now £195
Consolidation Loan £10000:( now £90000 -
GOOD NEWS!
I've managed to shift some debt to a 0% card for 24 months. I've also realised there's only 14 payments left on my loan so once that's done I'll have £340 a month to go toward tackling this problem.
BAD NEWS!
Just tried to increase my overdraft by £1,500 to cover one months childcare and deposit and it got rejected :-(
MIDDLING NEWS:
I've just got paid with a few keeping in touch days before I go back to work. This month our income just covered our direct debits which means no money left for food or petrol. I really don't want to use credit cards but it might be the only option this month.
Once I'm working properly I'm starting to feel more confident that the debts can be tackled but it's just the difficulty in getting up and running. .....DFW Nerd 1447 - Proud to be dealing with my debt!
Starting Debt £26,342 (Apr 2013)
Current Debt £25,152 (July 2014)0 -
hi shinyshoes.
sounds a bit tough at the moment but it will all be worth it. every little helps and all that
good luck on your journey xFacing up to things - nov 2012 total 9334.95
back to work after baby -Jan 2014 - total [STRIKE]6905.28 [/STRIKE](1 credit card) £3535
Debt Free Date March 8th 2017 (31st birthday)0 -
Doing something positive .... deleting all the credit card details that are held at Amazon etc .... it means no more quick clicks to buy something, I'll have to input card information again which will hopefully remind me that I don't really need the item!DFW Nerd 1447 - Proud to be dealing with my debt!
Starting Debt £26,342 (Apr 2013)
Current Debt £25,152 (July 2014)0 -
Hi shiny shoes,
Just stumbled upon your shiny diary And wanted to wish you well in your journey. You had great advice already, possibly echoing what others have said but please don't save the child benefit for your son at the moment. You need it now to help you get through these first tricky months.
In answer to your earlier question , no you aren't doomed !
I have subscribed and will join you on your journey if I may .
Mrs PG xLBM July 2011 - Finally took control Nov 2011 DFD Sometime in the distant future ! :eek:
Total debts Nov 2011 [STRIKE]£96796.75[/STRIKE]:eek:
Total Debts JUL 2020 £00.00
Cleared Jul 2020 £96796.75:T
Emergency Fund / Rainy Day - £5500 . DMP Mutual Support Thread 4280
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