Crunchy's Final Debt Free Diary!

Seasidegal58

I think you appear to have planned things out well. I wouldn't worry about how you think people perceive you - it's your diary and if it helps you to list all your thoughts then do so. Your regular contributors are all rooting for you.

One thing though - and I may have missed something - you say you receive no benefits - what about child allowance?

catandy

crunch_time wrote: »

I feel disheartened if I’m honest for feeling like I have to explain or justify my thoughts about my money on here. I know it comes with best intentions but it can be off putting when you are trying to deal with the day to day. None of this debt has come from being frivolous. Just making lots of life decisions all at once

Crunchy wx

Couldn't agree with you more on this bit - none of us planned to get into debt its just the result of life and situations that happen. Keep posting and dont feel you have to justify yourself - we all got ourselves here due to our life choices and we will resolve the situation (or not) in our own way. I'm rooting for you and have subscribed

enthusiasticsaver

Seasidegal58 wrote: »

I think you appear to have planned things out well. I wouldn't worry about how you think people perceive you - it's your diary and if it helps you to list all your thoughts then do so. Your regular contributors are all rooting for you.

One thing though - and I may have missed something - you say you receive no benefits - what about child allowance?

I think child allowance is the reason for the £1700 HMRC debt as crunchy seems to have fallen into the net of people who are not entitled to it as they earn over £50k. Therefore they have to pay it back. Completely daft policy which probably costs more in admin to reclaim it from people who should not have it and done to show the conservatives are willing to hurt their own voter base.

Willowtree222

keep going crunchy. xx

crunch_time

enthusiasticsaver wrote: »

I think child allowance is the reason for the £1700 HMRC debt as crunchy seems to have fallen into the net of people who are not entitled to it as they earn over £50k. Therefore they have to pay it back. Completely daft policy which probably costs more in admin to reclaim it from people who should not have it and done to show the conservatives are willing to hurt their own voter base.

yes seasidegal the above is true so we aren't entitled to any benefits. And the overdraft is because we have had to pay it back quickly as they wouldn't accept monthly payments. And the reason our debt is so high is that this is the second time we have had to do this in a year so we haven't been able to pay off as much as we would have liked.

crunch_time

Morning all

Thanks for all your comments. Not going to give up paying off the debt of course but for now, will carry on posting.

Payday today. Tax issue from last month sorted. Min payments made on my two cc's.

Credit card debt now stands at £17,280 a reduction of £1415 since the start of the year. Another £100 will come off at the end of the month from husbands cc.

We have also got £850 in the pot for the holiday now and we will go over the £1000 once husband gets paid.

Happy days!

Crunchy x

crunch_time

I've just reduced our emergency fund by £200 and paid an extra £205 off my credit card (the smallest one).

The things that are on there are really dragging me down now - holidays and overspends from 2017 so they need to be gone really.

I gradually feel like a weight has been lifted.

Crunchy xx

Homegrown0

It's horrible paying for last year's holidays isn't in? I think last year was the first year we saved and paid for our holidays and it was a nice feeling. Same this year.

You'll get there step by step, but the things that irritate us (like paying for last year's holidays and overspends) will hopefully keep the motivation going to clear it as soon as you can.

I'm like you in a lot of ways - we want to live as well as pay off our debt. I'm not interested in paring everything back to the bare bones. Of course I would if i really had to but for now, we're just going to balance living a decent life with paying off what we can.

Well done on paying the extra into your CC

Willowtree222

You've cleared a phenomenal amount of money so far already this year. Look at all the positives you have achieved.

Glad you feel like a weight has been lifted. You are making massive amounts of progress. x

crunch_time

Homegrown0 wrote: »

It's horrible paying for last year's holidays isn't in? I think last year was the first year we saved and paid for our holidays and it was a nice feeling. Same this year.

You'll get there step by step, but the things that irritate us (like paying for last year's holidays and overspends) will hopefully keep the motivation going to clear it as soon as you can.

I'm like you in a lot of ways - we want to live as well as pay off our debt. I'm not interested in paring everything back to the bare bones. Of course I would if i really had to but for now, we're just going to balance living a decent life with paying off what we can.

Well done on paying the extra into your CC

Thanks for this. yes, it is frustrating especially like the ones that we booked in 2017 we could more than afford but then decided to move and saved the money we would have used to pay them off. The big holiday this year is affordable and no major plans on the horizon to quit job or move so we should be ok if we stick to the plan.

Same here - we could be chucking all this extra money at the debt but you have to live don't you! I've already pared my life down a LOT cutting out the things I don't want like nights out with friends and dinner dates and loads of clothes to choose from in the morning.