Mr and Mrs K's New Journey to a Debt Free Life.

Granariesgirl

Hi everyone,

Back from holidays in France (tough but somebody has to keep the French wine industry going ) & what do I see...?

Holy carp, Alex - LOVE the new sig! From over 32k£ to £7500 in 11 months, way to go! :T

I worked that out as roughly £2250 a month, so if you can work at your business as hard as you have worked on your debts & bring in that much extra per month, you're laughing! :cool:

Pity you didn't find the Fulgor Nocturnis for £7500 though... I've got to say it's a cracking looking pen but over 6 million Euros for a PEN?!:eek: :eek:

Keep it up Alex, we have faith in you, even if YOU don't! :A

AlexLK

Sorry I've not updated for a few days, we have been very busy and I'm still not 100% "with it".

Bess: Thought you might say that.

GranariesGirl: I'll pretend not to be envious as I reckon keeping the French wine industry going would rather suit me.

Still, I've been a good boy and apart from one weekend away there have been no holidays for me this year.

As you are aware most of the debts have been settled by selling items of worth, not by pure profit. I am getting there though and quite looking forward to getting free of personal debt.

:rotfl: Yes, what a find that would be indeed. Unfortunately, I'm just not that lucky.

AlexLK

Monday 11th August, 2014.

Dear Diary,

If a genie (yes, things are that desperate ) could grant me three wishes, each one would look significantly less filled with greed than had I those same three wishes this time last year, unfortunately that sentiment appears to not be the case for Mrs. K. Personally, the thought of more debt leaves me incredibly anxious and I cannot wait to be free from owing money but it appears my wife still values shiny, new toys over our long term financial solvency. This is only rendering my money saving efforts as largely ineffective though I carry on for personal reasons. However, perhaps it is just too little, too late.

Any tips for getting my wife to see the light for more than a couple of weeks would be much appreciated.

Summary:
-£0.00 NSD.

Yours Faithfully,
Alex.

heartbreak_star

No real advice I can give Alex but I do think we should all pool in and buy a brewery/winery when we're all solvent again

Chin up m'dear. You're doing great.

HBS x

Buffythedebtslayer

Hello Alex,


Not read for ages, sorry. but re the wife, if the new debt is in her name then well, you can't do much.
However if the debt is joint, then I would suggest reorganising the accounts? one joint for bills and single ones for spending money - on which she can spend on whatever she likes!? would that work?


You have done so bloody well, it doesn't matter how you do it, it is about making the right decisions and that is what you are doing.
You didn't *have to* put the money made on the debt. You chose to do it.


so good on you XX

mum2one

Just playing catch up hope ur all ok and work going well xx

maman

:wave:Alex, I'm assuming that as you've tod us your credit isn't good then any debt MrsK runs up is her own. I think she's foolish but AFAIK it's technically not your problem.


Meanwhile all you can do is pay off the debt that is yours (which you're doing brilliantly with) and then carry on being frugal so that you can pay back the business and even SAVE!:eek:

7roland8

Wow Alex - look at your totals - you have done amazingly well. And whatever your wife has run up - just think how much worse it would all be if you had buried your head in the sand as well. Just try and ensure its 'her' debt' and not pushed back onto you.

AlexLK

heartbreak_star wrote: »

No real advice I can give Alex but I do think we should all pool in and buy a brewery/winery when we're all solvent again

Chin up m'dear. You're doing great.

HBS x

:rotfl: Thanks for raising a smile, HBS. My vote is for a winery, in France please and I'm sure I can get GranariesGirl to side with me.

Buffythedebtslayer wrote: »

Hello Alex,


Not read for ages, sorry. but re the wife, if the new debt is in her name then well, you can't do much.
However if the debt is joint, then I would suggest reorganising the accounts? one joint for bills and single ones for spending money - on which she can spend on whatever she likes!? would that work?


You have done so bloody well, it doesn't matter how you do it, it is about making the right decisions and that is what you are doing.
You didn't *have to* put the money made on the debt. You chose to do it.


so good on you XX

Hi Buffy,

Thanks for the encouragement, things are very difficult at the moment but I'm still aiming to get myself on the straight and narrow no matter Mrs. K.'s plans.

I have no access to credit personally whatsoever and rather like it that way, certainly no joint debt.

She has a couple of cards and is contemplating parting with over £40,000 for a new BMW on finance but partly funded by her work but still this would mean we would personally have to find another £300-400 per month to pay this finance and should she leave this job it would be a £700 commitment each month for five years. I can't do right either way; started trying to sort my debt problem out because she had previously said she'd leave over spending and now it's she's wanting to go because she can't have all the toys anymore.

We currently have split finances (her choice), once we've paid an equal share of the household / grocery / car bills I'm left with quite literally pennies. Though I suppose it's not quite so black and white now the business is doing better as I choose to reinvest. Anyhow, the point is she has quite a lot of disposable income to play with once the bills are paid but that's not enough for her.

I've not quite looked at it that I've made the right choices (by paying my debts rather than keeping things that meant a lot to me), thanks for that.

mum2one wrote: »

Just playing catch up hope ur all ok and work going well xx

I've not been so well but work is going well, thank you.

AlexLK

maman wrote: »

:wave:Alex, I'm assuming that as you've tod us your credit isn't good then any debt MrsK runs up is her own. I think she's foolish but AFAIK it's technically not your problem.

Meanwhile all you can do is pay off the debt that is yours (which you're doing brilliantly with) and then carry on being frugal so that you can pay back the business and even SAVE!:eek:

:wave:

My credit file is terrible, getting a £50 overdraft would be likely out of bounds for me, never mind managing to run up any amount of "real debt". In some ways I'm pleased that the temptation isn't there but if Mrs. K. ever did decide enough was enough, I couldn't get a mortgage so have already told her whatever equity would be in the house would be hers for a deposit.

On the positive front, I do think I'll manage to get and hopefully stay debt free this time around.

7roland8 wrote: »

Wow Alex - look at your totals - you have done amazingly well. And whatever your wife has run up - just think how much worse it would all be if you had buried your head in the sand as well. Just try and ensure its 'her' debt' and not pushed back onto you.

Hi Roland,

I had wondered where you'd gone and thanks for the encouragement.