Considering DMP - SOA advice please

catriona79

AliceBanned wrote: »

Thanks Catriona! It helps me if I keep exchanging ideas with people on here - keeps me focused!

I sooo understand what you mean! I do exactly the same!!
Let's keep talking and encouraging each other - take good care

AliceBanned

Thanks Catriona! I really need the encouragement as the minute I have some 'spare' cash or seem to be getting somewhere I think I can spend some! I don't go mad but it is this cycle which keeps me paying interest on my credit cards!

lovemunkey187

Hi Alice (and everyone else),
I am seeing some similarities between my self and your situation.
I haven't had my LBM yet, but I have become more aware of my rising debts over the past couple of months and the sense of impending doom is starting build, kinda like when the tide is pulled way, way out before it comes roiling back in as a tsunami.
But I am still at the Ostrich stage at the moment .

Thank you for posting your story and progress.

AliceBanned

You're welcome and thanks for your post too. It takes a few waves and maybe even tsunamis to get this thing working..don't give up! As Catriona said, we need to encourage each other.:)


I can't really fail at this now that you guys are reading..;). I'm sort of committed..

firesidemaid

Hiya.


Have previously read your thread, and just went back and had a look at your SOA.


How many payments of your £170 a month credit union loan are left? Once that ends it frees up a large amount to pay off 1) La Redoute and 2) Start hitting the CAP ONE - within very little time those can be gone and you will have paid off 3 different creditors


Re. your SOA/Budget. Try and stick to it, or redo it regularly - do you prefer splitting up things like entertainment/hair/clothes etc or would it work to have a bigger budget with them all in one?


Also, can you try and reduce food spending as a challenge & overpay on the debts - every little helps.


Likewise, continue to ebay & use this to overpay debts.


I have spent many years working in a stressful well-paid job and overpaid our debts & mortgage to enable the ultimate goal of going part-time in a less stressful job with a small mortgage. I used loads of tips & tricks from here to save money and ebay to help us along. Now my low income is scary, but budgeted within an inch of its life! I try to find ways of having cheap fun eg. using clubcard points to pay for meals out.


Keep on keeping on - you will turn a corner soon x

AliceBanned

Hi firesidemaid

Thanks for posting. I will re-do my SOA as I have made some changes already. Currently my food budget is £60pm.:eek:. Quite enjoying it actually and eating quite well. My cooking is pretty good, though i say so myself. I don't really enjoy much restaurant food any more particularly as it is a waste of money for me at the mo.

I've paid off La Redoute and finished the credit union payments.

Think I could cope better with the stressful job if I felt it was a choice - would like to get in a position like yours in the future. I am quite enjoying the budgeting, though at the moment still in a tough phase of it.

AliceBanned

PS one of my ebay items has several people bidding on it - ends tonight. :j

Verbatim

You're getting there Alice. Well done!

AliceBanned

Verbatim wrote: »

You're getting there Alice. Well done!

Couldn't do any of it without this forum! http://static.moneysavingexpert.com/images/forum_smilies/smile.gif

AliceBanned

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