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Diary from the South Coast

GunWharf
GunWharf Posts: 308 Forumite
100 Posts Uniform Washer
edited 30 September 2014 at 7:09PM in Debt free diaries
Evening All
Been skirting around these Boards for a few years but never really got posting.

My Light Bulb moment came in February this year. I guess this was because I am getting to the age where I am thinking about the future. One which looks bleak with the amount of Debt I have. The Banks were throwing Credit Cards and Loans at me ( yes I know, it was me that took them not the Bank).

I got myself into these problems and determined to get myself out. Read many a Diary on here and it has filled me with encouragement...so here goes, lets get this on the Road.
(Debt Jan 2014 LBM £34,000) Current 2016 "Problems" as follows:

C Cards 1,2,3,4 WAS £18,333 NOW£0 :j...Overdraft WAS £2700 NOW£0 :j
Secured Loan
WAS £4113 NOW£0:j.......Loan WAS £8864 NOW £6,000

DEBT TODAY = £6,000
(£28,000 PAID OFF SO FAR!)
«13456725

Comments

  • Well done for dealing positively with the LBM. Looks like you've already achieved a fair bit. Can't wait to see how quickly you progress
    Mortgage at 01.01.14 £119,481.83:eek: today £0 Emergency fund £5.5/5.5k & £200/200 cash.:jWeight 24/02/19 14st 7lb now 11st 12lb determined to stop defining myself by my mistakes. Progress not perfection.:T100%through my 1% mortgage challenge. 100% through my pb challenge. I’m not perfect but I’m good enough for now.
  • jwil
    jwil Posts: 22,448 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Good luck :)
    "Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee
  • GunWharf
    GunWharf Posts: 308 Forumite
    100 Posts Uniform Washer
    Thanks very much indeed. I had made a good start by paying off one loan over the past two years :) Made a small payment off one Credit Card yesterday which gave me a little pat on the back. Thursday already, the weeks go quick.
    (Debt Jan 2014 LBM £34,000) Current 2016 "Problems" as follows:

    C Cards 1,2,3,4 WAS £18,333 NOW£0 :j...Overdraft WAS £2700 NOW£0 :j
    Secured Loan
    WAS £4113 NOW£0:j.......Loan WAS £8864 NOW £6,000

    DEBT TODAY = £6,000
    (£28,000 PAID OFF SO FAR!)
  • GunWharf
    GunWharf Posts: 308 Forumite
    100 Posts Uniform Washer
    Well here we are and another weekend draws to close. Went to the Bank yesterday and paid £50 off Credit card No3 . A good feeling as I have pushed through the £1000 barrier that I have paid off. Also reduced the Credit limit to ensure I do not spend again on that card!

    Every Sunday I go through my excel Budget sheet. It shows all my debts and automatically updates as I reduce my balance on each card.

    Hope you had a good wknd and paid a few pennies off your debts.
    (Debt Jan 2014 LBM £34,000) Current 2016 "Problems" as follows:

    C Cards 1,2,3,4 WAS £18,333 NOW£0 :j...Overdraft WAS £2700 NOW£0 :j
    Secured Loan
    WAS £4113 NOW£0:j.......Loan WAS £8864 NOW £6,000

    DEBT TODAY = £6,000
    (£28,000 PAID OFF SO FAR!)
  • keep at it. CC3 is screaming out for that next £75
    Mortgage at 01.01.14 £119,481.83:eek: today £0 Emergency fund £5.5/5.5k & £200/200 cash.:jWeight 24/02/19 14st 7lb now 11st 12lb determined to stop defining myself by my mistakes. Progress not perfection.:T100%through my 1% mortgage challenge. 100% through my pb challenge. I’m not perfect but I’m good enough for now.
  • GunWharf
    GunWharf Posts: 308 Forumite
    100 Posts Uniform Washer
    keep at it. CC3 is screaming out for that next £75

    Thanks, that £75 and much more will be paid this week :) .
    (Debt Jan 2014 LBM £34,000) Current 2016 "Problems" as follows:

    C Cards 1,2,3,4 WAS £18,333 NOW£0 :j...Overdraft WAS £2700 NOW£0 :j
    Secured Loan
    WAS £4113 NOW£0:j.......Loan WAS £8864 NOW £6,000

    DEBT TODAY = £6,000
    (£28,000 PAID OFF SO FAR!)
  • beanielou
    beanielou Posts: 96,677 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    :wave: to GunWharf.
    Will subscribe :)
    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.
  • GunWharf
    GunWharf Posts: 308 Forumite
    100 Posts Uniform Washer
    edited 24 March 2014 at 7:07PM
    Monday Hello beanielou :hello:
    Hope everybody has managed to guide themselves through Monday! Rather chilly this morning, although warmed up in London ( a bit).

    Sitting on the train heading for the Office gives a chance to think of just about everything and everybody. As the Train picks up its passengers at the Stations, I wonder what everybody does for a living and if they have debts. A modest Gent sits down next to me with a creased copy of the Mail and a sharp suit. Perhaps he has a good salary, perhaps he has debts and knows my money Journey that I have started-who knows...

    I had £30 in my pocket that I wanted to pay into the bank to reduce one of my Credit Cards. I waited patiently until lunch before heading down the bank. As I entered,I realised I had left my Credit Card at home ( took it out my wallet at wknd so would not spend on it). Moral of the story here, no card -no spend, no card no payment! Oh-well, I will pay it in tomorrow to get my first " good feeling" of the week of paying a small contribution of my debt off.

    I saw this guy talking to himself on the Train on the journey back and I was like, "Who is he talking to?" then I thought "Who am I talking to?"
    (Debt Jan 2014 LBM £34,000) Current 2016 "Problems" as follows:

    C Cards 1,2,3,4 WAS £18,333 NOW£0 :j...Overdraft WAS £2700 NOW£0 :j
    Secured Loan
    WAS £4113 NOW£0:j.......Loan WAS £8864 NOW £6,000

    DEBT TODAY = £6,000
    (£28,000 PAID OFF SO FAR!)
  • GunWharf
    GunWharf Posts: 308 Forumite
    100 Posts Uniform Washer
    If you are looking for support and motivation in life on your Debt free Journey do not, I repeat, DO NOT watch the Film 7 Pounds with Will Smith! I watched it yesterday, wish I had not.

    On another note I paid off a further £35 pounds off Credit card 3. Nearly at £3,000 down from [STRIKE]£4,100[/STRIKE]. Good stuff. :j

    Spent a few good hrs on here last evening. Looked at many other boards including " Mavis" who spends many a day searching supermarket bargains and " Johnn34" who is debating what to do with his pension.

    Have a good evening all
    (Debt Jan 2014 LBM £34,000) Current 2016 "Problems" as follows:

    C Cards 1,2,3,4 WAS £18,333 NOW£0 :j...Overdraft WAS £2700 NOW£0 :j
    Secured Loan
    WAS £4113 NOW£0:j.......Loan WAS £8864 NOW £6,000

    DEBT TODAY = £6,000
    (£28,000 PAID OFF SO FAR!)
  • GunWharf
    GunWharf Posts: 308 Forumite
    100 Posts Uniform Washer
    I finished laughing at Portsmouth FC's game from yesterday :rotfl:

    That is all for today.
    (Debt Jan 2014 LBM £34,000) Current 2016 "Problems" as follows:

    C Cards 1,2,3,4 WAS £18,333 NOW£0 :j...Overdraft WAS £2700 NOW£0 :j
    Secured Loan
    WAS £4113 NOW£0:j.......Loan WAS £8864 NOW £6,000

    DEBT TODAY = £6,000
    (£28,000 PAID OFF SO FAR!)
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