Dan's desperate dash towards solvency

remote_control

Great to have an update and that you are still smashing that debt!

I love closing an account so nice to get the little ones gone.

Good luck with the next few months of debt busting

Honeysucklelou2

Well done Dan...4K is fantastic progress.

MeenaM

well done ! I have read most of the first entries of your diary so i may have misunderstood but i really hope your wife is now shouldering more of the responsibility of getting out of debt, it causes so much anxiety and stress on the one spouse who is trying to manage it all, it is a joint responsibility when you are married there are no my debt or my problem it is our debt and our problem and we both have to sort it out and face up to the figures i am going through this atm with my husband and it drives me nuts that he doesnt want to know stuff but yet is happy for me to sort it all out , he sounds just like your wife .

keep focused on the outcome and your future you will get there

Suffolk_lass

Great post Dan. Would you be up for doing an updated SOA in March? It is about six months since you last did one (round about post 175 or so) - to keep your journey visible and your priorities in line with your debt?

I agree about having some treats in our lives. Very important to keep us positive

LabRatty

Congratulations Dan, lovely to see you so on top of things and planning a couple of treats too.

All the best, LR

worriedDan

So I haven't posted for a couple of months..... I am back somewhat sheepishly.

After a great start over the last 12 months, we have slightly fallen off the wagon over the last couple of months. We haven't added to the debts, however we have not paid off anywhere near as much as planned.

There are some extenuating circumstances.... My father was taken ill and spend a period of time in hospital. This coincided with a very busy spell for me at work, along with a few other minor issues that we had to deal with. I am afraid that we have lived the last 7-8 weeks in a state of dis organised chaos, and our finances have reflected this.

So, things are more settled now. My dad is better and work is starting to calm down... so time to get back on the wagon. It's interesting that my feelings of stress and anxiety have increased significantly over the past month, so this is a huge reason to get back on top of things.

I guess it was inevitable that we would have the odd hiccup along the way and this appears to be the first one for us!

Suffolk_lass

Welcome back Dan. I know what you mean - my diet has gone to pot with work related pressure and I have put on a few unwanted pounds that need to go. You might find doing a Statement of Affairs will help you to be more accountable. We had a similar thing last year when my lovely Mum was ill and I did a few trips to Scotland to fill in while my more-local Sister took a bit of a break. Played havoc with the fuel budget!

triple_choc_chip

Hey, worriedDan, thanks for posting the rough as well as the smooth and keeping it real. I guess you must have more than £20k paid off now? A massive achievement not to be forgotten during the tough periods. Hope your dad continues to improve, keep on keeping on, only 6 weeks to the summer break.
TTC

worriedDan

Hi,

I have just been looking at how much we have paid off. At the start of our journey I didn't correctly calculate our total debts. In hindsight we owed about 63K if I factor in some 'little' debts that my wife had. We are not down to 47k so 16k paid off. We should have cleared more than 20K by now be we became a little 'derailed' a couple of months ago.

Things are back on track now and I am pleased that we have cleared at least a chunk. At 20% APR that 16K that we have cleared could be costing us £266 per month!!!

In September my wife is returning to work full time. I also move up to the next salary scale. My £122 tax debt payments is coming to an end. These three things will create an additional £400 for us. We are going to pay this straight off the debts.,

I have struggled with it all since the Spring. I think that it just started to get boring. I have just read through some of my earlier posts and I definitely don;'t want to go back to where I was.

My next aim is to clear at least another 10K by the new year.

triple_choc_chip

Hi worriedDan
16k is still impressive, when I was clearing my debt, it took me two years to pay £16k! You're right, it does get tiresome, but then it's exciting to see the progress too.

Well done, you'll get there in your own time.