Brogden's Debt Disaster & Self Managed DMP!

supersaver1000

Amazeballs :j

PennySaving

Happy New Year, haven't popped in for a while but glad to read you are very chipper .
Excellent yellow sticker haul, I'm impressed. Quite fancy having a go at that later, have spent so much on food over Christmas it's sickening. However we have all eaten like Kings & the teenage sons are v. happy with their all their protein intake!

Brogden

PennySaving wrote: »

Happy New Year, haven't popped in for a while but glad to read you are very chipper .
Excellent yellow sticker haul, I'm impressed. Quite fancy having a go at that later, have spent so much on food over Christmas it's sickening. However we have all eaten like Kings & the teenage sons are v. happy with their all their protein intake!

Happy New Year to you PennySaving

Nothing like eating like Kings (or Queens - I believe ladies like eating too!)

I'm full of plans and a bit of 'umming' and 'arring' at the moment so I am going to post a status report before I start work tomoz to try to get my head sorted out.

Speak shortly,

Brogden

liltdiddylilt

My head is bubbling a bit like that right now Brogden. Anticipation of the next few days. Can't wait to get it all out of the way!

Big hugs keep on swimming

Brogden

Well……its taken a while but having read a few very inspiring status reports for the beginning of the year (Ali & SS spring to mind) I decided to do mine. I also looked at a post where Eager Elephant was looking back at an old status post and I quite liked that. The idea of taking a longer term view and hopefully seeing some ambitions realised down the line…….

I do appreciate this is very self indulgent and boring and people will be saying ‘that Brogden is a complete nutter….why does he think we would want to read that load of old piffle….what a boring bar steward he is.’ Well I would say that I am doing this for myself (selfish bar steward….) Anyway, I am happy to talk to myself but happier if some others would like to listen too…….:p

Work

Onwards and upwards as they say. I am back. I got a slight kick out of ironing a pile of work shirts and converting a creased pile of linen into a row of crisp, fresh looking shirts with immaculately finished collars ……..I’d make somebody a lovely wife.:rotfl:!!

It’s a year of big change at work…the old job is morphing into something new. The ‘something new’ will ultimately not work (I have been around this block many times) and it will then morph into something else. If the job continues in one form or another I can do it. If it ends at some stage then it does. I am assuming for the sake of my report here that I will still be in this ‘office of employment’ at the end of the year although anything at all is possible. :eek:


I should have a pay rise and I should also receive bonus as I am over 100% in everything I have been set to do but I will have to wait and see as I have little ‘belief.’

I should also mention the pension as it is a reminder to me of the reasons I keep on carrying on with the job. This is a terribly sad thing to say but for each day I get through I have earned a little bit more retirement income. This simply could not be replaced and stops me from being ‘promiscuous.’

The House

I mentioned before that I would have a few grand at my disposal around the end of February and it’s the old ‘allocation of ackers’ worries :mad: Ha……debts / mortgage / house jobs! The following need doing:-

- The trees in the garden are touching the sky. I can retain privacy and at the same time allow air to circulate and let the light in. This job is certainly going to be done. Sitting out on the patio in spring and summer has always been important for everybody so this is priority.
- My own office / retreat / leisure room is a converted integral garage. We unfortunately employed cowboy builders at the time of the conversion :mad:. It was approved by the council! Whether it is the cowboys’ fault or not I cannot be completely sure but there are damp patches in two areas on the walls and at the side of the window frames. This job has to be done too.
- The carpets are very worn and not too good through the living room / dining room / stairs / landing and DD1’s bedroom. Again it’ll have to be done at least in part.
- I am still procrastinating about arranging for the ceiling to be smoothed either by plaster or a flat paper instead of the stuff that’s on! This would improve the look of the place a lot particularly if we were trying to sell – anything can happen and it does make sense to look after an asset regardless.

Debt

Oh my God!!!! ‘the allocation of ackers,’ the age-old problem! :(Seriously folks….I am going for it big time. I have registered on the debt free by Christmas thread but whether this is at all possible depends on the attitude of predators to my suggested F&F’s. Part of me has said ‘ignore the house jobs and pledge myself to debts for 12 months.’ Another part of me says ‘do this when you have sorted the house jobs.’ All I can say is……I am trying to do a bit of both. The debt picture WILL look much different than it does currently .

Mortgage

As some may know, I have been considering capital payments otherwise there will be severe downsizing at some time in the future (some downsizing is however desirable.) Also I need to make sure there is a decent size chunk of equity for each if things should go that way. I am thinking this and then thinking that but for the time being I will leave my little SO paying £10.00 per month off the capital, prey there will not be a market crash and work for the next 12 months towards debt freedom. That is a job which can convert me from being a ‘debtor’ to being ‘highly respectable.’ :cool: It is the closing of a door on a poor situation and effectively a new life which should make everything easier so…..I’ve made up my mind on that bit.

Finally being tall disguises the fact that I have put weight on my tummy. I’m going to be sensible and get rid of this as I know it makes me slower. I am going to be very busy and need to move around very quickly indeed :rotfl:!!.

Here we go…….onwards and upwards……. :j


Brogden

grannyx2

Good post Brogden x if it was me I'd try for the F&Fs and if the 'burgers' don't agree, like some of mine didn't use the funds to do the important jobs in the house. As for the mortgage, continue as you are for the next 12 mths and then reassess the situation.

Hope work morphs into something great and fruitful and stays past the end of the year

Granny x

Brogden

Thanks Granny x

It’s like Brogden Towers is being invaded by a military force of predators. I can pick off some of the foot soldiers. The anti-aircraft gun can shoot down light bombers. However there are a couple of tanks. These will really take a quite a lot to blow up :mad:.

There is a Panzer with the logo of the Gnat’s Vest and a Tiger bearing the blue and white flag of the Skank of Botland. These will be difficult to defeat .

If I cannot destroy both of these ‘tanks’ I will have to be satisfied with the smaller threats I have eliminated, raise aloft a white flag and start serious payments to the mortgage. It is possible that Mrs. B will object to the garden being occupied in this way and hope the shadows from these vehicles will not impede the sunbathing too much…….at least the trees will have been cut .

I don’t know why these images came into my mind…..I really do not like military things much at all. Anyway......battle will begin in the next few weeks :mad: !! The building society may then be in for a treat or.....they may not!


Have a nice evening everybody .

Brogden

grannyx2

My Sherman tank is the dreaded H3llifax who amount to 50% of my debt on their own. They were the one I really wanted to win the war on but sadly they held their ground steady and refused all offers and suggestions that they simply just 'do one'. So now they get £1 pm and tbh even if I could afford more they wouldn't get it on principal. If they are still around in 12,000 months so be it, as I doubt I will be

Eager_Elephant

Brogden wrote: »

Well……its taken a while but having read a few very inspiring status reports for the beginning of the year (Ali & SS spring to mind) I decided to do mine. I also looked at a post where Eager Elephant was looking back at an old status post and I quite liked that. The idea of taking a longer term view and hopefully seeing some ambitions realised down the line…….


Brogden

Ooh namecheck!!


It was quite nice to look back and see where I was 5 years ago.


Your plans all look very good and I will continue to follow your diary.

Brogden

grannyx2 wrote: »

My Sherman tank is the dreaded H3llifax who amount to 50% of my debt on their own. They were the one I really wanted to win the war on but sadly they held their ground steady and refused all offers and suggestions that they simply just 'do one'. So now they get £1 pm and tbh even if I could afford more they wouldn't get it on principal. If they are still around in 12,000 months so be it, as I doubt I will be

Thanks Granny x

It is weird.....I had a H3llifax 'One' credit card and the debt lingers . They aren't one of my 'tanks' though although the debt is somewhat high. H3llifax got tired of me very early on and sold the debt (and a Skank of Botland - Sainsbreeze debt of Mrs.B's) to Carboot at near enough the same time.

A few months ago Carboot, out of the blue sent letters offering a settlement amount of 40% on mine and 60% to Mrs. B.I will push them harder shortly but in a funny way I am really grateful to Carboot.....they are the reason for my current motivated mood ! For the following reasons:-

1. They showed me that the size of my debt mountain was in effect a 'virtual' figure and that motivated me in buckets :rotfl:!!

2. They wanted to talk to me about settling these significantly reduced debts on a monthly payment plan . When my ackers arrive I will bear this in mind. To me this is really valuable information. If I end up using my lump sum on other debts I can have a new monthly payment plan with Carboot and probably pay over say 12 months with 'freed-up' income. I will look to clear Mrs. B's though as I do want her debt free yesterday. Her Carboot debt is half of mine anyway!

Granny......I am very sorry that H3llifax have not treated your debt in the same way. They probably like you and want to keep you :rotfl:!!

I would recommend Carboot to all my family and friends :rotfl:!!

Brogden x