Reeling from the Reality Check

sugarbaby125

Hello Historybuff, I have not done so well with the health eating and exercise this week, so no weight loss, but no weight gain either. When it comes to exercise, I always remind myself that I can do better the next day and that there are no hard and fast rules for me to follow, as I use exercise DVDs in the comfort of my own home.

Stay strong, when it comes to your buffer zone and not bailing out your adult children financially. Being supportive to our older children is not just financial hand outs.

If you keep a spending diary and a food diary, you will most probably find them both invaluable tools. It clearly identifies how you have to make changes in your spending habits and your eating habits

Seasidegal58

Hi Historybuff

What great, inspirational posts from sugarbaby and hohum. Yes it is hard trying not to help out. My DD is a bit older than your own children and has a good career but I still remember helping with an allowance when she was at uni and during her internship and I was struggling a bit financially myself at the time. Your DD sounds a sensible girl and I'm sure she will manage to sort her business.

Hope all is going ok at the HB household and you managed to declutter the loft in preparation for forthcoming car boots!

The spending/food diaries are a good idea. Lots of these are downloadable as free phone apps.

Historybuff

Thank you all for your great posts. I'm plodding on trying to stay on the straight and narrow. So busy at work at the moment that organising home is on a back seat, but I am determined to get on top of things in the next few weeks. Being very careful with the money still and holding out from bailing out the strugglers! First payment plan reviews are due next month, so hoping they will still keep me on the same terms. What happens? Will they contact me, or should I get in contact with them with a revised financial statement. I'll be gutted if interest starts being added again. I've heard so many horror stories, especially with B#### clays.
So happy to see the amounts reducing now, though.

in_need_of_direction

I know it's really hard not bailing out the offspring but the best thing I ever did for my son was to draw a line in the sand and tell him he needed to fund his decisions. He still gets some cash Christmas and birthdays but that's pretty much it. We both know that I'd never see him in dire need but he's doing so much better now.

Seasidegal58

Good to hear you are still chipping away at the debt and staying positive. Don't work too hard!

Historybuff

£300 to last till 23rd July

Seasidegal58

Sorry to hear things are so tight. Do you think if you posted on the DFW board someone may be able to give you some info on what happens with the financial reviews?

Historybuff

Thanks, Seaside...I'll post x

sugarbaby125

Historybuff wrote: »

Thank you all for your great posts. I'm plodding on trying to stay on the straight and narrow. So busy at work at the moment that organising home is on a back seat, but I am determined to get on top of things in the next few weeks. Being very careful with the money still and holding out from bailing out the strugglers! First payment plan reviews are due next month, so hoping they will still keep me on the same terms. What happens? Will they contact me, or should I get in contact with them with a revised financial statement. I'll be gutted if interest starts being added again. I've heard so many horror stories, especially with B#### clays.
So happy to see the amounts reducing now, though.

Hello History buff the way a review always worked for me personally, when I was repaying my debts, is that a creditor would ask me a set of standard questions to find out if I was arguably in more or less the same position or had come into any unexpected financial windfall, then they would renew the debt repayment plan for another 6 months. The only time the amounts I was repaying were ever increased was at my insistence, as whenever I cleared a debt, I used that money to fund increased payments on an existing debt. I would be asked how I could sustain an increase in the payments and would explain I had cleared another debt and could now use those funds. Hope this information helps.

grannyx2

Hi HB

My experience has been, wait for the relevant predator to get in touch to tell me it's time for a review and then send them a covering letter saying my situation hasn't changed and an up to date financial statement, showing the reduction in debts since we last corresponded. I do everything in writing so I can keep records and remain calm. None of them, (so far & 3 years in), have restarted interest or rejected my offers.

Hope it works for you

Granny x