We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
When you owe more than your annual net salary
Options
Comments
-
Hey there LL - life happens alongside being a DFW - sometimes too much of it. I try and post every day, but recently its been every week (if that often) - I think its really strong that you've got into a way of life even on a tight budget and the surplus is cutting down while you get on with it. Just imagine all that money going into your savings when you are through with SC
I'll join you for the journey - I like a good diary - and this one is cracker
I think I saw you in an ice cream parlour
Drinking milk shakes, cold and long
Smiling and waving and looking so fine0 -
Enjoyed your diary LL, I hope life gives you some smooth runnings. How did you get on with work?Mortgage restart June 2018 £119950Re mortgage August 19 £110470, … Mortgage November 22 £85600 final 0% CC 3300Home renovations - £65000, mid 2018 - mid 20220
-
I'm back!!!!!
I have been lurking, not updating my own diary (naughty me) and reading everyone else's pages with such admiration.
Today I got my debt down to 24.34% of what it was at the start of this journey....I would love to say that I was / am super frugal, I'm not. I am careful, some people think I am tight with money. I'm not, I just don't have it.
So here I go again, now on a mission to pay my debt and buy a house, my own house.
I also would love to set up a side hustle (nothing major, just a few ££ a month).
Talk soon
LL xx£38,000 and change to £04 -
Hi there - welcome back. Good luck with your new goals (and your old ones)
Most of us are still here I think I saw you in an ice cream parlour
Drinking milk shakes, cold and long
Smiling and waving and looking so fine2 -
That's great.
You will soon be in the 8's
I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.3 -
Welcome back I've caught up on your diary so far. I was sorry to read about your mum. Mine died in 2018 and I don't think you ever fully recover from it. Buying your own place though is a great goal and hopefully by time you have a deposit saved house prices will be back to normal. Hows work going?
*Dad loan - £5300 - £7200
*Virgin Credit Card - £3552.50 - £0
*Natwest - £1828.35 -£400
Barclaycard - £2315.25 - £0.00
Creation Finance - £960.32 £840
*Total debt - £8440/£11641.17*
Savings
*Savings Buffer - £1000/£1500
*Emergency Fund - £1010/£1500
New diary- https://forums.moneysavingexpert.com/discussion/6474943/the-three-cs-coffee-clothes-credit-cards/1 -
Hi Sarah,Sarahwithlove said:Welcome back I've caught up on your diary so far. I was sorry to read about your mum. Mine died in 2018 and I don't think you ever fully recover from it. Buying your own place though is a great goal and hopefully by time you have a deposit saved house prices will be back to normal. Hows work going?
Nice to meet you and thank you for joining the journey. My dad died a few months ago so life is really weird at the min, a lot of voids. Sorry to hear about your mum, sending you hugs xx
£38,000 and change to £00 -
Saturday....still here....go me
Watching home renovation projects....the dream to have my own home
The side hustle - think I might get the old sewing machine out again and get it back into action
Happy Saturday lovely people
LL xx£38,000 and change to £00 -
Sunday, what debt free things have I done today?
Meal planned for the week, I know it doesn't sound like much, but feels good to have it done, and not having to do the usual 'what will I make for dinner?' conversation.
LL xx£38,000 and change to £00 -
Just had a read through your diary.
How is work doing now?
Meal planning can make such a big difference financially but also the never ending dithering over what to eat. Despite knowing this I never meal plan so massive well done on that one
Total Debt May 21 £20,490.44 DEBT FREE DATE 29/7/22
Mortgage balance May 21 £177,096.19. Now £143,588.36
Mortgage free date. At start of sole mortgage = July 2042
2024 SAVINGS FOCUS - get rid of the car finance. £12,706.25 PAID OFF
2025 Savings Focus - 33.3/33.3/33.3 split; savings for house renovations (bathrooms/garden/kitchen; whichever collapses first), save for a family holiday (probably our last one!) and paydown/offset the mortgage. Total pot = £3275.881
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 177K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards