10 years here. My final diary this time!

edited 21 August 2019 at 8:54PM in Debt free diaries
194 replies 11K views
clearmydebtsclearmydebts Forumite
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Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
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edited 21 August 2019 at 8:54PM in Debt free diaries
My signature looks horrendous but isn't as bad as it seems. It is a combination of getting the kitchen extension done last year, a car loan and holidays.

I have been here 10 years now and have my no inroads into my debt other than the debt now is at least paying for proper things like extensions and cars rather than who knows what. However, I am sick of it and need to get rid of it.

Last year I went full time in a well paid job in an attempt to pay off some debt but it ended up being the job from hell so I quit before the summer so I could spend the summer with the kids (aged 7 and 9). I am entitled to some carers support as the 7yr has some extra needs (mild) so am waiting for that to kick in (16 week delay)so there is no immediate rush on me getting a job. I do have some savings but have been keeping them until the carers kicks in and then I can overpay.

As two of the credit cards are on 0% until next June my plan is to overpay Loan 1 and get it down to €16000 so I can add Loan 2 to Loan 1 and just pay what I am currently repaying now. Then I will concentrate on the credit cards.

I will aim to pay off €1500 per month.

Previous diary:https://forums.moneysavingexpert.com/showthread.php?t=5448481
Total (Aug 19):€58,567 Now:€26,947
DFD:Nov 22/June 22
Mortgage: €199,712
MFD: March 2042/July 2034
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Replies

  • savingholmessavingholmes Forumite
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    HI CMD - Sorry you haven't made the progress you'd like but would love it if we could cheer each other on like we used to. Hope you get the carers allowance soon.
    SH
    Target 1) Prioritise health & social connection 2) Write regularly 45,509/70,000 words Book 2 and 10,787/70,000 Priestess book 3a) Get to £10K EF/Savings Now £4,573 3b) £1.6K Savings for DD Car (Achieved) 4) MFW starting at £201999 Nov 21 with 264 249 payments to go. Now £192,304 5) Mortgage neutral progress via pension £1,887 invested since Nov 21 6) Declutter 7) Invest in fun and frolics - and not just future self! 8) CC Debt free April 22 (now stay that way!!)
  • clearmydebtsclearmydebts Forumite
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    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
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    HI CMD - Sorry you haven't made the progress you'd like but would love it if we could cheer each other on like we used to. Hope you get the carers allowance soon.
    SH

    Ah SavingH. It's so lovely to see a familiar face on here! Am going to pop over to your diary now and am definitely up for cheering each other on like the old days :)
    Total (Aug 19):€58,567 Now:€26,947
    DFD:Nov 22/June 22
    Mortgage: €199,712
    MFD: March 2042/July 2034
  • DebtFreeMonkeyDebtFreeMonkey Forumite
    213 Posts
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    You got this :) I look forward to seeing all your wins! following this diary:D
  • clearmydebtsclearmydebts Forumite
    6.5K Posts
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
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    Alicia1804 wrote: »
    You got this :) I look forward to seeing all your wins! following this diary:D

    Thanks Alicia. Have popped over to yours to say hello too!
    Total (Aug 19):€58,567 Now:€26,947
    DFD:Nov 22/June 22
    Mortgage: €199,712
    MFD: March 2042/July 2034
  • clearmydebtsclearmydebts Forumite
    6.5K Posts
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
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    Had a fairly productive evening last night. Bagged up some of my clothes and some of the kids toys (they picked them themselves) to give to a charity that my Granny collects for. I probably need to declutter a whole lot more but it's a start!

    Also inspired by the PPI claim win by SavingH I applied to MBNA (credit card) and RBS (loan) to see if I'm due anything. The only thing is they were taken out in 2004 and 2005. I also applied on behalf of H for a refund on his Royalties Gold packaged bank account as that definitely was mis-sold. At least the complaints are in! How timely that I returned to MSE just as the PPI deadline was looming.

    Busy day ahead today. Need to go to jewellers, optician, drop charity bags, buy school tracksuits and return library books. The kids are still in their pjs so need to move them on!
    Total (Aug 19):€58,567 Now:€26,947
    DFD:Nov 22/June 22
    Mortgage: €199,712
    MFD: March 2042/July 2034
  • clearmydebtsclearmydebts Forumite
    6.5K Posts
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    Forumite
    H gets paid either tomorrow or Saturday so I am looking forward to making a small dent in some of my figures!
    Total (Aug 19):€58,567 Now:€26,947
    DFD:Nov 22/June 22
    Mortgage: €199,712
    MFD: March 2042/July 2034
  • beanieloubeanielou Forumite
    83K Posts
    Part of the Furniture 10,000 Posts Mortgage-free Glee! Name Dropper
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    Happy shiny new diary :)
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~**
    MFW. Finally mortgage free February 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.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. ***Be the difference.***
  • clearmydebtsclearmydebts Forumite
    6.5K Posts
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    Forumite
    beanielou wrote: »
    Happy shiny new diary :)

    Thanks very much for the support!
    Total (Aug 19):€58,567 Now:€26,947
    DFD:Nov 22/June 22
    Mortgage: €199,712
    MFD: March 2042/July 2034
  • clearmydebtsclearmydebts Forumite
    6.5K Posts
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    Forumite
    Had a very productive but expensive day getting stuff for the kids going back to school and also had to get DD new glasses as her prescription changed.

    Looking forward to H getting paid so I can make a start on my repayments. Feel like I'm somewhat in limbo until then.
    Total (Aug 19):€58,567 Now:€26,947
    DFD:Nov 22/June 22
    Mortgage: €199,712
    MFD: March 2042/July 2034
  • savingholmessavingholmes Forumite
    23.2K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    Decluttering is good for the soul - it helps someone else and makes room at home just to breathe and be. Great target for debt repayment. It is also good that this time you know where the debt originated from and they were planned events rather than fritter spend. You can do this.

    I know that limbo feeling - I paid £300 early this month just so I would see some progress. Now we've cleared a couple of the debts and stopped using a couple of CC that we have cancelled - some of the 'earlier' in the month cards are now gone which is great but feels slightly strange.
    Target 1) Prioritise health & social connection 2) Write regularly 45,509/70,000 words Book 2 and 10,787/70,000 Priestess book 3a) Get to £10K EF/Savings Now £4,573 3b) £1.6K Savings for DD Car (Achieved) 4) MFW starting at £201999 Nov 21 with 264 249 payments to go. Now £192,304 5) Mortgage neutral progress via pension £1,887 invested since Nov 21 6) Declutter 7) Invest in fun and frolics - and not just future self! 8) CC Debt free April 22 (now stay that way!!)
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