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Need to get myself together: The beginning

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Need to get myself together: The beginning

edited 30 November -1 at 1:00AM in Debt Free Diaries
4K replies 247.3K views
monzmonz Forumite
4.1K posts
Ninth Anniversary 1,000 Posts Debt-free and Proud! Stoptober Survivor
✭✭✭✭
edited 30 November -1 at 1:00AM in Debt Free Diaries
Hi all

I am back. Short story, I was in this position before though holding a baby in my arms and his dad left us with a loan I got for him (I naively believed there was people after him) and such a bad overdraft. I managed to scrape it back and pay it all off and was on a high (figuratively) of being debt free.

Four years on I have been left (no baby this time) and foolishly beleived this guy was decent. No need to tell me off or should have known better, believe me I am my own worst enemy.

So now my debts are :

£1,000 overdraft (hope to clear by Christmas or least by January)
£200 odds Next (Yeah this is me I cannot blame anyone but myself here) I want it cleared by Christmas at least
£5,000 loan ( I am mad I know for having got it for him and he "says"will help with this but will not hold my breath as he is already asking for more money - probably for the girl he left me for...) I hope to pay this back in 2.5 years not the 5 year plan I was given.


Anyway, I am determined and I will not fail :D

Also need to put money aside for America in May 2015. (£125 a month) and also 52 week challenge. The reason I am going to America is its my 30th and my mum and dad are paying for this.

The first post is longer than I thought it would be I am so sorry!!

Hopefully I will be back on track soon xx
Debt (1/9/14) £6,702.11 Debt free (30/11/2016) car - £702.40/£10,536 (56 month left) mortgage - £73,630 o/s currently - paid £14,332.64 (£376.66 overpayment)
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Replies

  • laurag89laurag89 Forumite
    728 posts
    Seventh Anniversary Combo Breaker
    ✭✭
    Hey!!!
    Good luck with your journey! I made quite a lot of mistakes borrowing money for ex boyfriends that I thought were decent at the time and buying them gifts I couldn't afford to look generous. I am also my own worst enemy!

    You seem to have everything planned out! :)
    I am looking forward to following your journey!

    I'm off to Florida for the first time next march :) I'm also putting £100 per month aside for spending money :)
    Total debt to pay: £14,071.41/ Remaining debt: £12,884.12: Amount Paid: £1,187.29

    Survey xmas 2018 savings: £10 / £150
  • Good luck on your journey! I'm supposed to be going to Canada in 2015 so really need to start saving too.

    CP xx
    Slimming World Challenge 2017 0/30.5lb

    Grocery challenge 2017 JAN: £5.56/£350
  • monzmonz Forumite
    4.1K posts
    Ninth Anniversary 1,000 Posts Debt-free and Proud! Stoptober Survivor
    ✭✭✭✭
    Thanks laurag89 aw honestly we think we are doing good by doing that n all we are doing is getting used :/! Lesson learned !

    Thanks counting pennies :) aw nice about Canada too :) x
    Debt (1/9/14) £6,702.11 Debt free (30/11/2016) car - £702.40/£10,536 (56 month left) mortgage - £73,630 o/s currently - paid £14,332.64 (£376.66 overpayment)
  • laurag89laurag89 Forumite
    728 posts
    Seventh Anniversary Combo Breaker
    ✭✭
    I know, I have also learnt my lesson the hard way :) how did you get all your debt paid off first time around did you find anything that worked especially well?
    Total debt to pay: £14,071.41/ Remaining debt: £12,884.12: Amount Paid: £1,187.29

    Survey xmas 2018 savings: £10 / £150
  • monzmonz Forumite
    4.1K posts
    Ninth Anniversary 1,000 Posts Debt-free and Proud! Stoptober Survivor
    ✭✭✭✭
    Well I was pregnant at the time and working loads over time and didnt go out or that as my ex was threatening me :/ so that saved like loads. Ended up going into labour early lol though two weeks early having a ten pound 6 child kind of glad!
    Debt (1/9/14) £6,702.11 Debt free (30/11/2016) car - £702.40/£10,536 (56 month left) mortgage - £73,630 o/s currently - paid £14,332.64 (£376.66 overpayment)
  • monzmonz Forumite
    4.1K posts
    Ninth Anniversary 1,000 Posts Debt-free and Proud! Stoptober Survivor
    ✭✭✭✭
    So I have been working through my numbers etc.

    This months wage I have to pay my car Tax (kind of have to lol) £71.50 oh and a new tyre. Oh great start haha but thats life :)

    My sons birthday coming up and i have been putting aside :)

    Anyway I have decided with unexpected bills I will can pay an extra £26.46 to Octobers loan repayment. I know its not much but its a start and also £45 to Next account bringing it down :). I have one night out its my friends 30th and going to be good for the rest.

    Hopefully by no spending I can decrease my overdraft from 1000-800 this month x
    Debt (1/9/14) £6,702.11 Debt free (30/11/2016) car - £702.40/£10,536 (56 month left) mortgage - £73,630 o/s currently - paid £14,332.64 (£376.66 overpayment)
  • Hi Monz,

    It looks like you are doing really well. It is tough being on your own with children, I did it for a number of years, but life does improve and although I made some bum choices with men, I did eventually find a good un! Good luck x
  • monzmonz Forumite
    4.1K posts
    Ninth Anniversary 1,000 Posts Debt-free and Proud! Stoptober Survivor
    ✭✭✭✭
    Thanks :)

    I get paid next week so can properly update this. I also set up an excel for overpayments and think I can be debt free mid 2016... (thats the plan)x
    Debt (1/9/14) £6,702.11 Debt free (30/11/2016) car - £702.40/£10,536 (56 month left) mortgage - £73,630 o/s currently - paid £14,332.64 (£376.66 overpayment)
  • Looking like a good plan, pay day is such a lovely day :)
  • monzmonz Forumite
    4.1K posts
    Ninth Anniversary 1,000 Posts Debt-free and Proud! Stoptober Survivor
    ✭✭✭✭
    Haha yeah until you remember you have to pay bills lol x
    Debt (1/9/14) £6,702.11 Debt free (30/11/2016) car - £702.40/£10,536 (56 month left) mortgage - £73,630 o/s currently - paid £14,332.64 (£376.66 overpayment)
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