DMP & Mutual Support Thread - Part 11

Puzzcat

Good morning dmp'ers...


As of this months payment leaving me so I class it as paid even if SC don't do the statement until month end... I am now 2 years into my dmp journey and have paid off 22.8% and am now in the £46k's..:j

I have also done a little budget review on the sc website spurred on by January and Ellie's posts and have upped my payment a little and reduced my deft free date by 2 months.. still a long way to go but the time has sped past and I still love my dmp..

Love puzz. x

[Deleted User]

Puzzcat wrote: »

I have also done a little budget review on the sc website spurred on by January and Ellie's posts and have upped my payment a little and reduced my deft free date by 2 months.. still a long way to go but the time has sped past and I still love my dmp..

Love puzz. x

Could I be nosey and ask what you meant by 'a little' payment increase please? I am thinking of cancelling my pet insurance at the end of December and there's another very small DD I could possibly cancel. In total it only makes an extra £18 a month extra that I can make (and to be honest even that small amount would make all the difference to my cash-flow if I hung onto it instead:o).

I'm currently paying £732 a month to SC and it's spread over 8 creditors so an increased payment of £18 a month would mean some of the smaller creditors would only get about £1.00 a month extra. I'm thinking I should leave things as they are for all the difference it would make to my DFD and wait until my review in August. I'd welcome your advice please:A

Puzzcat

carbootcrazy wrote: »

Could I be nosey and ask what you meant by 'a little' payment increase please? I am thinking of cancelling my pet insurance at the end of December and there's another very small DD I could possibly cancel. In total it only makes an extra £18 a month extra that I can make (and to be honest even that small amount would make all the difference to my cash-flow if I hung onto it instead:o).

I'm currently paying £732 a month to SC and it's spread over 8 creditors so an increased payment of £18 a month would mean some of the smaller creditors would only get about £1.00 a month extra. I'm thinking I should leave things as they are for all the difference it would make to my DFD and wait until my review in August. I'd welcome your advice please:A

Hi carbootcrazy,
This is the third or fourth review I have done online, I don't wait for the annual review date. I only reduced my outgoings by £13 a month so that small change reduced the dfd by 2 months. My income has slightly risen since 2014 but I have left this the same, so I have a little spare each month, well littlier now having upped my payment the £13. Maybe for you it would be better to save it in case of emergencies?
Puzz.x

Ellieseleven

Puzzcat wrote: »

Good morning dmp'ers...


As of this months payment leaving me so I class it as paid even if SC don't do the statement until month end... I am now 2 years into my dmp journey and have paid off 22.8% and am now in the £46k's..:j

Love puzz. x

Brilliant news Puzz, you work so hard at clearing your debt and always seem so organised.


Fantastic achievement...keep going:j


Ellie xx

Ellieseleven

January2015 wrote: »

Wow Ellie

That's NEXT YEAR

Awesome, so pleased for you -x-

I know!...and from January 2016, I will be able to talk in months instead of years;) I've very giddy about it all:p



Ellie xx

January2015

Puzzcat wrote: »

Hi carbootcrazy,
This is the third or fourth review I have done online, I don't wait for the annual review date. I only reduced my outgoings by £13 a month so that small change reduced the dfd by 2 months. My income has slightly risen since 2014 but I have left this the same, so I have a little spare each month, well littlier now having upped my payment the £13. Maybe for you it would be better to save it in case of emergencies?
Puzz.x

Hi Puzz

When you do reviews are you required to send in evidence of salary? We had to when we set up the DMP (at least I think we did)

Puzzcat

January2015 wrote: »

Hi Puzz

When you do reviews are you required to send in evidence of salary? We had to when we set up the DMP (at least I think we did)

Hi January,
I did at set up but haven't been asked for anything since. I will add I have only ever increased my monthly payment not sure what the process is if you decrease.
Puzz.x

Ellieseleven

January2015 wrote: »

Hi Puzz

When you do reviews are you required to send in evidence of salary? We had to when we set up the DMP (at least I think we did)

I've got my sixth review coming up but have never had to provide evidence of salary since first setting up the DMP.

alyxzandra

It has been a while since I posted, but have things changed! This past year has been a nightmare starting with the death of my mother. Six months after our elderly rabbit died and then our dog died 5 months after. Last November we discovered our walls were saturated and black mould in our home. Our home insurance found a pipe had burst under the floors and promptly moved us out as major repairs were needed. Ten days (five months later) after we moved home is when the dog died. And it was only 10 days before the first year anniversary of my mother's passing.

We had to put our DMP on token payments for 6 months as the insurance did not cover our water pipes and the whole network needed to be replaced. That is now paid off, but our boiler is going! GACK! Luckily, it may last until next year. But, no issues with the creditors.

I am facing redundancy from work, but with a payment. And we decided it is best I stay at home and we can still make the payments without it causing too much pain. Our son is autistic and we are unable to get childcare due to his violence. He is on the verge of exclusion from his special needs school and is very clingy to me. Our jobs made adjustments and it has worked so far. But, my job has said the role has changed and having me work the way I do is no longer sustainable. So, we are working out an agreement.

I will work a few hours per week in a more flexible job (e.g. as a carer) and claim carer's allowance. This will allow us to have less worry about our son. My husband has not been able to advance in his career as we never knew if one of us had to take emergency time off work, which has been a lot. It seems we are at the school every month and our employers are not happy. We will not be out of debt as soon as we would like, but our son is more important.

January2015

alyxzandra wrote: »

It has been a while since I posted, but have things changed! This past year has been a nightmare starting with the death of my mother. Six months after our elderly rabbit died and then our dog died 5 months after. Last November we discovered our walls were saturated and black mould in our home. Our home insurance found a pipe had burst under the floors and promptly moved us out as major repairs were needed. Ten days (five months later) after we moved home is when the dog died. And it was only 10 days before the first year anniversary of my mother's passing.

We had to put our DMP on token payments for 6 months as the insurance did not cover our water pipes and the whole network needed to be replaced. That is now paid off, but our boiler is going! GACK! Luckily, it may last until next year. But, no issues with the creditors.

I am facing redundancy from work, but with a payment. And we decided it is best I stay at home and we can still make the payments without it causing too much pain. Our son is autistic and we are unable to get childcare due to his violence. He is on the verge of exclusion from his special needs school and is very clingy to me. Our jobs made adjustments and it has worked so far. But, my job has said the role has changed and having me work the way I do is no longer sustainable. So, we are working out an agreement.

I will work a few hours per week in a more flexible job (e.g. as a carer) and claim carer's allowance. This will allow us to have less worry about our son. My husband has not been able to advance in his career as we never knew if one of us had to take emergency time off work, which has been a lot. It seems we are at the school every month and our employers are not happy. We will not be out of debt as soon as we would like, but our son is more important.

My goodness what a year you have had. You are so right - famiy is more important, creditors can wait a bit longer for their money.

You may find things will improve if you can be available more for your son as you are working flexible hours. Hope this helps.

Keep smiling and keep strong