Breaking the shackles.

MrsSmith2013

dearlouise wrote: »

My 23 auctions didn't do so well, but I made £62 from what did sell. On the day before payday I still had £52 in my bank account, so that's £114 off my credit card, along with minimum payment of about £70 so £184!

Another free listing weekend this weekend, so I'll be relisting everything that didn't sell, and I have a pile of blu ray DVDs that we don't want to go on too.

Feel really demotivated with it all. £60 here & there isn't going to make much difference when you have £30,000 to pay back.

Keep your chin up dearlouise, you are doing a great job! Like Dawn says the £60 here and there are exactly what you need, they all mount up, and will make a huge difference to your debt free date.

You're doing great so don't feel disheartened!

Mrs S x

dearlouise

Well, a lot has changed since Feb.

I split up with my partner after finding horrendous things about him, when confronted he attacked me. I moved into my Mum's within hours, taking what few things I could. The Police were involved, but I didn't press charges.

I have since got most of my personal belongings back, but have lost lots of money in things that I purchased for that house, on the basis we were supposed to make a life together, forever. Things like plants, blinds, curtains, having things installed. But anyway...

So I can't even entertain the idea of living alone, since I have so much debt. Reluctantly my Mum & her husband have said I can live here, for now. I need to pay off as much debt as possible, as fast as possible. I can then stand on my own 2 feet again.

Things have been a whirlwind for the last 2-3 months. It's finally settling down now so I can concentrate on me and my life.

I will update my debts outstanding as soon as I get my statements. I think I've paid nearly £900 off the HSBC CC, as that's the smallest & I'm concentrating on that at the moment.

shinner

Keep your chin up moving back home can only mean your debt will decrease rapidly. Good luck on your journey will subscribe.

chevalier

so sorry that you had such a traumatic break up. I take it that you cant move into the house you were renting out?
Good luck on your debt free journet
chev

tizerbelle

dearlouise wrote: »

So I can't even entertain the idea of living alone, since I have so much debt. Reluctantly my Mum & her husband have said I can live here, for now. I need to pay off as much debt as possible, as fast as possible. I can then stand on my own 2 feet again.

Is the rent you are getting from the flat covering both the mortgage payments AND all costs related to renting out and maintaining the flat e.g. those windows? If its not making a profit and helping you get debt free then you need to sell it. What if your tenant leaves and you can't re-let for 3-6 months? I think in your situation its an albatross rather than an asset.

Your priority has to be getting yourself into a position where you are not being supported by your Mum - you've said yourself she has only put you up reluctantly. She also has a £10k debt relating to you tied around her neck - yes it may be interest free because of her good credit but it also means she has less chance of getting a loan/new mortgage/new credit card should she need/want to do something for herself.

I'm sorry that your partner turned out to be such a t*sser and you've had such a tough time and I apologise if you think my thoughts above are harsh.

MrsSmith2013

Didn't want to read and run dearlouise, so sorry to hear things turned out badly between you and your ex, thats not good to hear

Will pop back in later (at work now!) but hope you are okay.

Sending you hugs,
Mrs S x

dearlouise

chevalier wrote: »

so sorry that you had such a traumatic break up. I take it that you cant move into the house you were renting out?
Good luck on your debt free journet
chev

I can't afford to move into it at the moment due to having so much debt. I pay approx £550 to credit cards each month and only bring in about £1400... It's not realistic.

The plan is to stay at my Mum's for 12 months & pay of as much debt as possible (hopefully over £10,000) and then move on.

dearlouise

tizerbelle wrote: »

Is the rent you are getting from the flat covering both the mortgage payments AND all costs related to renting out and maintaining the flat e.g. those windows? If its not making a profit and helping you get debt free then you need to sell it. What if your tenant leaves and you can't re-let for 3-6 months? I think in your situation its an albatross rather than an asset.

Your priority has to be getting yourself into a position where you are not being supported by your Mum - you've said yourself she has only put you up reluctantly. She also has a £10k debt relating to you tied around her neck - yes it may be interest free because of her good credit but it also means she has less chance of getting a loan/new mortgage/new credit card should she need/want to do something for herself.

I'm sorry that your partner turned out to be such a t*sser and you've had such a tough time and I apologise if you think my thoughts above are harsh.

The tenant in my house is my sister, so she pays the mortgage for me. I don't make a profit from her unfortunately. I'd really like to hold onto the property if possible, as I (obviously) don't have any savings and therefore wouldn't get on the property ladder again in the next decade!

My priority at the moment is paying of the credit card with the highest interest. My Mum has extremely good credit, no debt of her own & is happy to have that credit card of hers/mine paid off last. She has a spiffing house, 2 year old cars and won't be needed another loan/mortgage/finance in the near future.

dearlouise

Haven't been well this week, but managed to only have one day off work. I have laryngitis apparently. Ended up in a walk in centre at the hospital at 1am on Tuesday as I felt like I was drowning/choking when lying down trying to sleep! Anyway, that has left my evenings unproductive, just sleeping & resting really.

This weekend, if feeling better I hope to do some of the sorting (at my property) to de-clutter & list some things on eBay - taking advantage of the 20 free listings a month.

My property was a 'doer-upper' when I bought it & I never really 'did it up' when I was living in it with my ex-husband. He was a lazy !!!!! and I was completely unskilled in home maintenance/improvement at 21-22 years old. So it just sort of sat there, with him saying he'd do things... but never doing them. Over the 5 years we lived in it together, it just deteriorated. The windows were a massive issue - which I paid for last year as a last resort. My family & I ripped off a 15ft porch which was rotten and was leaking in... But now it looks a horrible mess. I'm going to try to spend some time over the next 12 months fixing the major issues, then in 12 months I can either sell, continue to rent it out (without worrying about the issues) or to move back into it myself. It's not big things and it should be well within mine or my family's skill-set now I'm nearly 30 with a few more skills under my belt!

Trying to develop a social life, I've registered on meetup.com. I don't really have any friends, losing them all in a marriage, changing career, having a controlling boyfriend, everyone sort of got lost along the way... So hopefully I can do some things to look forward to - as I'm not looking forward to a lot lately! My first event is Tuesday. A comedy night for £5.

Hope everyone is well. xxx

dearlouise

Oh, typical me being negative and forgetting the GOOD things in life. (Something I need to work on in coming months).

I am currently on a fixed-term one year teaching contract. I applied for a permanent contract at a few other schools (I was quite picky) from September this year and got the first that I interviewed for! It's the perfect type of school I wanted, in the right sort of area... So I'm really pleased.

And on the SAME DAY I interviewed for an engage4life activity tutor for the 6 weeks... Given the 6 weeks is normally for going on holiday, spending time with friends & family, recuperating etc... well, I can't afford a holiday, I have no friends, my family is going on holiday for 4 weeks, and by recuperating I will no doubt spend money, get miserable and depressed. So I decided the best plan would be to find a FUN job for the summer. I found it! I'm so pleased.

So essentially I'll be getting paid DOUBLE over the summer... Which is great for the debt situation.