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Debt, debt and more debt.

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[Deleted User]
[Deleted User] Posts: 0 Newbie
Part of the Furniture 100 Posts Name Dropper Combo Breaker
edited 20 May 2024 at 4:28PM in Debt free diaries
mmmmmmmmmmm
«134567…60

Comments

  • beanielou
    beanielou Posts: 95,309 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Happy shiny new diary :)
    Things will get easier.
    Keep plodding :)
    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.
  • jaydeejay
    jaydeejay Posts: 41 Forumite
    Will be following to cheer you on and support you through the rough times. You are not alone in this. The important thing is you have made a start and it will have an end eventually.
    JDJ
  • FootyFanDan
    FootyFanDan Posts: 1,667 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    Hey,

    Just wanted to wish you luck on your journey. At the beginning it all seems a distance away, i personally have set myself short term goals and find focusing on them kinda puts the large end goal a bit to back of my mind. It will be tough while adjusting to new ways and methods but once you have a routine it will get easy

    You got this! Good Luck
    Days to Orlando: 462- ☀️🎢

  • beanielou
    beanielou Posts: 95,309 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    You can indeed do it :)
    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.
  • savingholmes
    savingholmes Posts: 28,932 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Just popping along to wish you good luck on your journey. Take time for you too in all this... practicing self care is like putting an oxygen mask on yourself on a plane - to help make sure you are in a situation where you an nurture your child.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £3K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £22.5K + Lump Sums DB £4.6K + (25% of SIPP 1.1K) = 28.2/£127.5K target 22;12% updated 6/7
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.6K updated 6/7/25
  • beanielou
    beanielou Posts: 95,309 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Sorry to hear that things are not good.
    Sorry, I know nothing about IVA's.
    If your household becomes less then I am sure you could renegotiate your DMP payment.
    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.
  • kazwookie
    kazwookie Posts: 14,245 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Hug to you.

    Didn't want to read and run.

    Make sure your husbands debts are not tied to you as well.
    Breast Cancer Now 100 miles October 2022 100 / 100miles
    D- Day 80km June 2024 80/80km (10.06.24 all done)
    Diabetic UK 1 million steps July 2024 to complete by end Sept 2024. 1,001,066/ 1,000,000 (20.09.24 all done)
    Breast Cancer Now 100 miles 1st May 2025 (18.05.2025 all done)
    Diabetic UK 1 million steps July 2025 to complete by end Sept 2025. 114,256/1,000,000
    Sun, Sea
  • Enoughisenough
    Enoughisenough Posts: 18 Forumite
    Well done on the extra tutoring job :)

    Sorry that things with your DH aren't going so well, it sounds like he is making your journey harder rather than supporting you in it. Big hugs.

    Going to subscribe so I can cheer you on.
  • MovingForwards
    MovingForwards Posts: 17,148 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    Wanted to wish you luck. You will feel so much better away from your husband (he actually sounds like my ex!)
    Mortgage started 2020, aiming to clear 31/12/2029.
  • ditty1234
    ditty1234 Posts: 2,118 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Hi just want to mention that your DMP should be based on your regular income, not extra income on ebay or tutoring. You really need to be putting that money away into an emergency fund for you and your kids, in particular if you are planning on moving out of your house/home. Good luck with your DM, I assume you have read the DMP support thread as well, there is a log of good info there.
    You could always consider telling some friends and family what is going on.
    Good luck with everything.
    Isa help to buy: 1000/3000 33%
    Emergency fund: 100/1000 10%
    Weight loose 8.6 kg - while having fun. 0/8.6 0%
    Focus debt to clear HSBC £10/1111, 0% updated May 25
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