I Wanna See the Light

Mysteek

Pay day today, yippee!!

Minimum payments to CC2 and CC3. £200 to CC1 for starters, when I get my 3 small pensions later in the month these will be sent to CC1. And anything DH earns over and above what he needs for his business eg car payments, insurance etc. will be paid in too.

Did I say 3 pensions? Er yes I did. I'm afraid I succumbed to the lure of drawing old company pensions when the government brought new laws in a few years ago. I took the 25% tax free lump sum in all 3 cases and used it to pay off debts. But unfortunately the debts didn't stay paid off and we ended up in the same situation as before. Still in debt but minus some nice lump sums to help us enjoy our retirement. :eek:
The pension I'm paying into at the moment is not going to pay out much when I retire so no hope of retiring to the Bahamas.

This is just another stupid thing we've done in the past as regards money. But at the time, this money did save us having to sell the house so maybe not so stupid in the short term.

You have to make decisions based on a situation at that time, it may or may not turn out to be the correct one in the long term but its too late by then. If we had the power of foresight (or a crystal ball tucked up on the attic) then I'm sure none of us would be in debt. I am angry at myself for past financial decisions, but given the same set of circumstances again I might have to resort to making the same decisions, who knows. I can only try now and look forward and make as good a future as I possibly can.

Just want to point out that whilst DH is fully aware of all our debts and everything surrounding them, he does not know about this diary. I feel the need to have something just for me.

Seasidegal58

I think keeping your house justifies drawing some of the pension funds and your penultimate paragraph certainly resonates with me!

Good that you and hubby are pulling together but I think a secret diary where you can record your debt journey and voice your feelings is so helpful. Well secret apart from us other diarists of course! We're special!

Mysteek

Spent 2 hours this morning entering a lengthy update only to find that I had been logged out, tried to log back in but lost my entry!!

Mysteek

I've had a vist from the time thief!! Where does it all time go?

Just a quick update then as I'm at work and I'm on my own for 2 and a half weeks as the guy I work with is on holiday, so only me that can do this job.

Friday is the day of reckoning when I get all my balances together and see how we've done in the past month. I'm excited!:j (sad I know). Still waiting for some of DH's payments to come in and I hope they appear before Friday so I can include them in this month's payments. Everything seems to be ticking over at the moment and enjoying and making the most of DH's busy couple of months, well from the money point of view not the amount of time we have together, or lack of it, but its all in a good cause....... our future!

Sky will finish in a couple of weeks, have just paid the final months subscription so next month we'll be able to throw £21.50 more at CC1!

DF doing well physically, he doesn't need a stick to walk now and is able to do his own shopping etc. He's just very lonely and keeps looking for jobs to do around the house and garden to keep himself busy. I go up at least once a week and speak to him on the phone just about every night. My DB does the same. Can't do an awful lot more as work and other family and home take up a large chunk of my time. He understands this but I still feel guilty. Anyway he told me that he's meeting some old work colleagues for coffee one day this week so hopefully he's starting to feel more confident in venturing out and socialising a bit.

DGD is getting more gorgeous by the day, she's so good and laughs and giggles all the time and loves to play. Have seen her quite a bit lately and feel so lucky to be able to do so.:T

Still no word at work so we're just getting our heads down and keeping going applying the old adage "No new is good news" until of course we hear something bad!

Just finished my lunch so its hi ho hi ho its back to work I go!!

Mysteek

Just been through all my balances as of today and want to record progress below:-

Unsecured Debt
14 May 2014 £36,017.73 - 1 August 2014 £31,508.82 (-12.52%)

Mortgage
14 May 2014 £62,951.46 - 1 August 2014 £60,576.84 (-3.77%)

Really pleased with what we've achieved in 2 1/2 months, just need to keep going.!

Ali-OK

Just catching up with your diary - wow, you're doing brilliantly on the debt reduction in such a short space of time. :T

Hindsight is a wonderful thing, but you are spot on, who knows if we had our time again if we'd do the same thing.

Glad you are getting to see lots of DGD too

Mysteek

Hi Ali, nice to see you and thanks for your supportive comments. We're really pleased with our progress but I'm very impatient and want things to happen quicker :j that's me jumping up and down with impatience.

Another month started so eyes down, here we go all over again!

£9.60 transferred from Eb*y, not much as very slow on there at the moment but every little helps!

Mysteek

D is for Debt, not something I’d choose,
E is for Everything, that I risk to lose.
B is for Borrowing, not always so wise,
T is for Truth, now I’ve opened my eyes.
F is for Freedom, from this terrible curse,
R is for Rates, which just seemed to get worse.
E is for Expensive, a habit to break,
E is for Easy-Life, hope this journey will make

Ninno820

I'm with you - hoping to retire in six years time but not wanting to use any of the lump sum to pay off debts. Let cross that finishing line together! After all we deserve a worry and debt free retirement - don't we?

Ali-OK

Mysteek wrote: »

D is for Debt, not something I’d choose,
E is for Everything, that I risk to lose.
B is for Borrowing, not always so wise,
T is for Truth, now I’ve opened my eyes.
F is for Freedom, from this terrible curse,
R is for Rates, which just seemed to get worse.
E is for Expensive, a habit to break,
E is for Easy-Life, hope this journey will make

That is excellent and very motivational :T:T