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When you owe more than your annual net salary

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  • LexieLou
    LexieLou Posts: 715 Forumite
    Part of the Furniture 500 Posts Debt-free and Proud! Name Dropper
    BeanieLou....how are you?  

    I've nothing to report - money just seems to be flying out of my bank account at the min...i'm sure it will get better :smile:

    Night

    LL xx
    £38,000 and change to £0
  • beanielou
    beanielou Posts: 95,537 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    I am plodding on thanks  :)
    Always keep plodding x
    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.
  • LexieLou
    LexieLou Posts: 715 Forumite
    Part of the Furniture 500 Posts Debt-free and Proud! Name Dropper
    It's done, it's all paid....thank you to everyone who has been on my journey with me, supporting me.  You are the best, the absolute best.  I hope life is kind to you all.

    LL xx
    £38,000 and change to £0
  • dawnybabes
    dawnybabes Posts: 3,338 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Congratulations 
    Sealed pot challenge 822

    Jan - £176.66 :j
  • @LexieLou - Congratulations- you are giving the rest of us hope. I'm 76 and still working on it. Hope you do well keeping out of debt from now on.
  • Congratulations that must be a relief. What's the plan next for the spare money? Do you have any savings or type of emergency fund? 
    *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/
  • beanielou
    beanielou Posts: 95,537 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    So pleased for you x
    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.
  • LexieLou
    LexieLou Posts: 715 Forumite
    Part of the Furniture 500 Posts Debt-free and Proud! Name Dropper
    @LexieLou - Congratulations- you are giving the rest of us hope. I'm 76 and still working on it. Hope you do well keeping out of debt from now on.
    Nancy, the very best of luck.  I'm here routing for you.  Sending you hugs 

    LL xx
    £38,000 and change to £0
  • LexieLou
    LexieLou Posts: 715 Forumite
    Part of the Furniture 500 Posts Debt-free and Proud! Name Dropper
    @Sarahwithlove the plan is to save what I was using to pay off my debt and buy a house.  

    LL xx
    £38,000 and change to £0
  • LexieLou
    LexieLou Posts: 715 Forumite
    Part of the Furniture 500 Posts Debt-free and Proud! Name Dropper
    @beanielou thank you, thank you for everything.  Your words of wisdom along the way have meant so much. 

    You're the best and deserve every bit of happiness, health and prosperity possible to bestow on anyone.  You give so much. 

    LL xx


    £38,000 and change to £0
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