I want to stop drowning

debtaghh

Moneyfordreams wrote: »

Debtaghh, I have been following your journey and wish you every success... I've commented once or twice but tend to lurk. I just wanted to say some times letting other agencies manage you debt is a major benefit to health and stress.

We were in a different position to you as we had equity in the home, but my husband inherited a business and it was failing. He kept ploughing more money into it used personal money and CC to support it. He was ill with stress. I wasn't just him he was partners with family. They had no equity so we bared the cost. The financial lost to us was around £120k. My point being is for years He kept on trying to turn things around and he/we did several times. But 6 years ago he and his partner were made bankrupt. I had seen this coming and bought him out of his share of the house. I then was then able to pay off debts linked to me... there was a shortfall and I had to ask for another remortgage as the recievers were cross with me.. But if I hadn't done it that way around we'd have all lost much more.

I work in healthcare , I vaguely remember or have guessed what you DH does, I know several nurses who have found themselves in financial difficulties. I recall 3 people with IVA's and one bankrupt after divorce. My place of work has counsellors and advisors which can point staff in the right direction. Maybe your OH could speak to a manager or even HR to ask their policy with DMP. I would be hopeful of a positive response.

Anyhow... my experience showed me debt can be a disease.. and after years of struggle and stress having my husband and our relationship back was amazing. It wasn't all roses as I had a bit of anger at gaining a massive mortgage to lose and now he only has a small income ... however you would pay anything to fix a loved one of ill health wouldn't you?

Thanks and you are right about ill health

enthusiasticsaver

Good move to put the total in your signature. How about putting your first target debt in there too so you can see that go down? I think Abba does that. I would assume next or very would be the most expensive out of your debts. Have you used up all your vouchers yet?

debtaghh

enthusiasticsaver wrote: »

Good move to put the total in your signature. How about putting your first target debt in there too so you can see that go down? I think Abba does that. I would assume next or very would be the most expensive out of your debts. Have you used up all your vouchers yet?

Good idea about targets, I'll do that.

Very is 0% until December so I'm aiming to clear it by then

[Deleted User]

Hi lovely,

Just popping in to say hi.

Good luck clearing the Very, you can do this and we are firmly behind you xx

debtaghh

Hi,

Just a quick update that I have paid a bit extra off so I have updated my signature. I also used our salary and have saved a little bit towards Xmas, car, holiday etc.

motivated

debtaghh wrote: »

Hi,

Just a quick update that I have paid a bit extra off so I have updated my signature. I also used our salary and have saved a little bit towards Xmas, car, holiday etc.

That's brilliant debtaghh

It will give you a boost to keep going. Seeing your signature total decreasing is a good incentive. Well done on savings too :T
M

enthusiasticsaver

debtaghh wrote: »

Hi,

Just a quick update that I have paid a bit extra off so I have updated my signature. I also used our salary and have saved a little bit towards Xmas, car, holiday etc.

Good start to the year. Well done on both savings and debt repayment.

[Deleted User]

debtaghh wrote: »

Hi,

Just a quick update that I have paid a bit extra off so I have updated my signature. I also used our salary and have saved a little bit towards Xmas, car, holiday etc.

Fantastic and well done for updating the total in your signature, that helps to motivate you xx

MrsSave

That's a great start to the year. I hope you don't mind me asking, but does your income cover all your monthly expenses, debt repayments and savings for things such as Christmas/birthdays/holidays? Are you able to write and stick to a monthly budget which gives you enough money for your needs, and a little for your wants?

debtaghh

MrsSave wrote: »

That's a great start to the year. I hope you don't mind me asking, but does your income cover all your monthly expenses, debt repayments and savings for things such as Christmas/birthdays/holidays? Are you able to write and stick to a monthly budget which gives you enough money for your needs, and a little for your wants?

Hi, no our basic income doesn't but if my dh gets overtime then it does. I know it's not ideal.