Focused on breaking the debt chains

laurarutter89

Hi im Laura,

Im 30 years old and i just got married 2 months ago.

Although it says I am a new member, im not really as i had a log in before but completely forgot all of the details!

I have been in debt for many years, since i was 18 i would say. I have had a pretty unhealthy relationship with money and if I wanted something i would just borrow to get it - hence why I am still paying for it now.

In the last 5 years we have saved up for a mortgage deposit to buy a house, and then saved up for our wedding. Im proud to say i didnt add to debt for either major event, but i have had very little spare to clear my existing debt.

We dont have kids yet but would like too, but i do not want debt handing over my head.

So here is what i owe - not including my mortgage.

First Direct loan - £4,997.52 (paying £277 a month in payments, about 18 months left) Low interest 2.3%

Lloyds Credit card - £3,714.83 (0% currently, but a big chunk comes off 0% in december) I am paying £300 per month to this as of this months payday, and also the minimum payment which is around £36 a month.

Total £8,712 35

My main reason for being her is for motivation to stick to getting this gone!

System

Hi, just dropping by to wish you luck. We have a similar amount of debt. We can do this!

laurarutter89

Thank you

I am hoping to get it gone within a year now i dont have the wedding to save for anymore. But it is going to be tough.

wishing you luck too x

laurarutter89

So although i wont be able to make a big payment until payday, i have done and plan to do a few things to create some extra for the debt payments.

1) I have got my wedding dress cleaned (it was designer and cost silly money, but i did not borrow for it i took on a second job and paid for it in full), and i have taken it to a beautiful preloved shop to be sold. Looking at a minimum of £750 back on that when the shop takes it cut.

2) A tiara i bought but did not wear has gone to the same store as dress, should get around £30 back on that when sold.

3) Have a couple of bridesmaids dresses i bought as extra sizes as they were in the sale and super cheap. Going to sell them as a bundle . Going to try £60 for the 3.

Thats all for now

twiggy86

Just wanted to say good luck! Sounds like you’re going to be off to a good start if those bits go!

laurarutter89

Thank you! Yes i really hope so, it just seems more productive that keeping hold of it all and never ever looking at any of it again! xx:)

beanielou

Happy shiny new diary

savingholmes

Good luck on your journey.

laurarutter89

Thank you for your kind messages.

Im really looking forward to having something positive to write about paying some off.

I have made £1.20 on surveys tonight, have to wait till i get to £5 to cash out but once i do its going to the credit card :j

shrimpy_80

Congratulations on your wedding! And good luck! x

jupitercrash

Hi - your story sounds familiar, much like mine! Good luck! Where are you selling your wedding dress? Mine is still gathering dust in my mum's spare room 2 years on!