No More Procrastination..DFW is my Destination!

nellis10

lemanie wrote: »

Hello

I'm a YNAB fan too. Sorry to hear about your meltdown, is there anything you can change at work to avoid it happening again?

It's just one of those things! I'll be fine...Everyone needs a little meltdown now and again to clear the air!

lemanie

nellis10 wrote: »

It's just one of those things! I'll be fine...Everyone needs a little meltdown now and again to clear the air!

Good, good

nellis10

lemanie wrote: »

Good, good

Just noticed we both joined MSE in 2005...9 years ago! Why are we not rich by now!!! :cool:

lemanie

Procrastination?

nellis10

lemanie wrote: »

Procrastination?

Hahaha Good One! Yes indeedy! :rotfl:

lemanie

nellis10 wrote: »

Why are we not rich by now!!! :cool:

...or maybe because bad debt is pernicious and it is very difficult, even with the best of intentions, to climb out of the whirling drain of the debt spiral.

How well off would I feel if I wasn't paying £629.03/month in servicing my debt at a minimum or £1000/month now to try and clear it for once and all?

nellis10

lemanie wrote: »

...or maybe because bad debt is pernicious and it is very difficult, even with the best of intentions, to climb out of the whirling drain of the debt spiral.

How well off would I feel if I wasn't paying £629.03/month in servicing my debt at a minimum or £1000/month now to try and clear it for once and all?

For me personally, I blame bad habits and lack of budgeting! I have gone through money like wildfire at times, and now, I just want to be a bit more self sufficient, with the ability to provide for a pension when I need to, and to help my son along when the time comes for him too.

lemanie

I'm quite good at budgeting, but very bad at sticking to them
Money pours through my fingers as though I had gaps between them, or as my Gran would have said 'it burns a hole in your pocket'.

Our daughter is hopefully going off to Uni this year and I would love to be able to send her with ample cash but all I can do is educate her about debt and ensure she has sufficient for her needs. Our eldest son is 2 years younger and we have another boy who is 10 this year. Planning for retirement is beyond my wildest dreams just yet.

The plan is DFW success, then a house move and MFW but I'm getting ahead of myself!

nellis10

lemanie wrote: »

I'm quite good at budgeting, but very bad at sticking to them
Money pours through my fingers as though I had gaps between them, or as my Gran would have said 'it burns a hole in your pocket'.

Our daughter is hopefully going off to Uni this year and I would love to be able to send her with ample cash but all I can do is educate her about debt and ensure she has sufficient for her needs. Our eldest son is 2 years younger and we have another boy who is 10 this year. Planning for retirement is beyond my wildest dreams just yet.

The plan is DFW success, then a house move and MFW but I'm getting ahead of myself!

Yep! Very similar but I only have one son who is 10
Get rid of the 2 loans (Divorce and Car) by December 2015, then tackle the Mortgage!!

EssexHebridean

Lemanie - by sending your daughter off to Uni with "enough" and the knowledge that she can always come to you for help with finances/budgeting etc, you're doing absolutely the best thing for her. She'd learn very little about real life by always having enough for whatever she wants, as opposed to whatever she needs, wouldn't she?

Nelly - we've been OP'ing on our Mortgage since 2008 - started small, and have now built up to the level where we've been OP'ing by over 60% each month. As a result we're on target to pay the thing off inside 14 years, rather than its 25 year term. Stick with it, you WILL get there, and it really is worth it, even when it feels that you're making little difference! As you say, one thing at a time - we too had a loan to pay off when we started on here - that went in 13 months rather than the 2½ years it was meant to be. When the motivation bites, it REALLY bites!