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Debt, debt and more debt.

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  • beanielou
    beanielou Posts: 95,387 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Good idea from Mrs Me.
    Hold your head up high.
    As you say make it an adventure for the kids.
    A new life begins xx
    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.
  • enthusiasticsaver
    enthusiasticsaver Posts: 16,053 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Difficult though it may be to leave your home I think it sounds as if your Ex has been a very negative influence on your MH. Make this a new start and put him from your mind. Just concentrate on making a new home for you and the kids and sorting out your finances. Great your dad being supportive but your mum sounds very pessimistic although it might be she is just worried for you. You need positive thoughts around you now though.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts 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 and not the official line of MoneySavingExpert.

    The 365 Day 1p Challenge 2025 #1 £667.95/£162.90
    Save £12k in 2025 #1 £12000/£7000
  • Chrystal
    Chrystal Posts: 1,995 Forumite
    Eighth Anniversary 1,000 Posts Photogenic Name Dropper
    I agree with everything that's been said. Just want to say I'm thinking about you and wishing you well. X
    I Believe.....
    That it isn't always enough, to be forgiven by others.
    Sometimes, you have to learn to forgive yourself.

    Yesterday is history, tomorrow is a mystery
    Today is a gift. That's why it is called the present.

    happiness isn't achieved by getting extra things,
    but by getting rid of the things that make you unhappy
  • So glad you had your family around to give you support and encouragement. Long may the settled feeling continue.
    paydbx2025 #26 £890/£5000 . Mortgage start £148k June 23 - now £138k.
    2025 savings challenge £0/£2000
    EF £140. Savings 2 £30.00. 17
  • Happier_Me
    Happier_Me Posts: 563 Forumite
    Well, I sit here humbled by your drive, work ethic, determination and sheer resilience.

    A couple of practical things from me:

    * When you're settled, please, please, please give bankruptcy a serious consideration. You need to be able to continue renting, but it sounds like you have very little by way of assets to protect and massive debts that you are working yourself into the ground to pay off. Ignoring your extra earnings, would you quality for bankruptcy and be free of this debt much sooner?
    * Make sure you tie up all loose ends with your last tenancy. You don't want to be responsible for any debts your ex racks up after you've left.
    * As soon as you can, divorce your ex. As (I'm assuming a teacher) you may well have a valuable asset in the form of a good pension. Make the necessary steps to protect what you've worked so hard for as soon as you can.
    * Be aware the tax implications of your extra earnings. If you're not paying tax, you leave yourself vulnerable to vindictive people in your life, causing problems for you with HMRC.

    Well done and congratulations on your move, you are absolutely doing the right thing and today is the start of your new, massively improved life with your kids. Take a time out today, just for a couple of minutes, to properly appreciate what you have achieved in these last few weeks!
  • beanielou
    beanielou Posts: 95,387 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Happy new house:)
    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.
  • Drawingaline
    Drawingaline Posts: 2,988 Forumite
    Eighth Anniversary 1,000 Posts Photogenic Name Dropper
    Glad the move has gone well.
    Debt free Feb 2021 🎉
  • Chrystal
    Chrystal Posts: 1,995 Forumite
    Eighth Anniversary 1,000 Posts Photogenic Name Dropper
    Brilliant to hear you sounding so positive. :j :A,,

    No doubt there will be down days in the future, but try and remember how you feel today... positive and with a wonderful future to look forward to. (((hugs)))
    I Believe.....
    That it isn't always enough, to be forgiven by others.
    Sometimes, you have to learn to forgive yourself.

    Yesterday is history, tomorrow is a mystery
    Today is a gift. That's why it is called the present.

    happiness isn't achieved by getting extra things,
    but by getting rid of the things that make you unhappy
  • enthusiasticsaver
    enthusiasticsaver Posts: 16,053 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Glad you have started to settle in your new house.

    I would not rush to do anything on the debt. Just sort out your budget.

    Why is your sister mortified about your ebay room? Is it full of stuff? You do need to be aware of tax implications of this so you should treat this as a sideline and not include it in your soa for your DMP. Same applies to the tutoring. Just focus on your full time job.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts 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 and not the official line of MoneySavingExpert.

    The 365 Day 1p Challenge 2025 #1 £667.95/£162.90
    Save £12k in 2025 #1 £12000/£7000
  • Glad you have started to settle in your new house already, hope you will be happy there.
    Wobbling my way out of debt one month at a time

    Credit Card £0/£3,161 0% interest PAID IN FULL 29/01/2021
    Loan £0/£23,179 5.4% PAID IN FULL 31/08/2020
    Total £0/£26,340 100%
    DEBT FREE AS OF 29/01/2021

    wobbling-my-way-out-of-debt

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