Seem to have hit a wall :-/

WifeandMummy

Hi Everyone,

I'm after a kick up the bum really, hubs and I have been debt busting for 4 years now and when we first started we owed approx 25 grand to a number of creditors. We now owe less than half of that and it just feels as though
we have come to standstill, nothing seems to be going down anymore and it just seems that we're stuck in a rut. I know in theory we should have extra money as we have paid several debts off but due to a change in circumstances, such as a period of unemployment / redundancy and having a baby we don't seem to be that better off (although all bills and payments are made each month)

Has anyone else every felt stuck in a rut, how do you keep yourself motivated and get things moving again?

Thanks for reading x

elsien

Hi, you've done well to cut your debt by half.
Just wondering though how recently you've had a fresh look at your SOA? With food and energy bills having gone up, maybe it's time to reset the budget and start again as if from scratch.

WifeandMummy

Thank you, I think you're right Elsien. I will do a SOA and 'start again' so to speak x

CurlyTop

Hi

Didn't want to read and run.

Just to say, look at what you have achieved in the four years since you started this journey. Your debt is less than half, you've had a new baby and whilst you've encountered redundancy, your debt continues to come down and your bills continue to be paid each month. That's a lot more than a lot of other people manage to achieve.

I'm two payments away from the end of my dmp. Its been a long slog, I owed more than you do and its taken me 11 years (had to reduce work due to ill health and for a while being the only breadwinner). Yeah, there have been times when I've been despondent and down but the sense of achievement for having paid back what I owe, makes it worthwhile.

Best of luck. Keep up the hard work. You will get there. Look at each payment as another step to living the live you deserve.

x

debtfreeby30:S

:hello: W&M

I've been wondering where you've been of late!! You really are doing so so well! It's just one of those unmotivated phases I'm sure? Is there any way you can pay off a couple of your smaller debts so you can cross some things off?? I'm a proper sucker ticking things off lists and month by month it's nice to see debt repayments left to go reduce. Maybe you could also look at the 1% method of monitoring your repayments? I have a 100 square grid where each square represents £30 (1% of my £3k to pay this year) and I colour one in every time I make a payment. It's simple but it works for me! You could try a few different grids for your debts and hopefully everything being a bit more visual will help??

Just make sure you hang on in there - just imagine how good you'll feel when you make the final payment and all your money is your money!! :j :j