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10 years here. My final diary this time!

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10 years here. My final diary this time!

edited 21 August 2019 at 8:54PM in Debt Free Diaries
192 replies 10.7K views
clearmydebtsclearmydebts Forumite
6.5K posts
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:€31,300
Loan: €28,300 CC1: €900 CC2: 2100
DFD:Nov 2022/July 2022
Mortgage: €201,700
MFD: March 2042/July 2036
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Replies

  • savingholmessavingholmes Forumite
    13K posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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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
    During 2020: Target 1) Reduce debt from £25.1K @ 0% Now down to £17.129 Target 2) Overpay mortgage - now @ £780 OP Target 3) Improve pensions Target 4) Declutter 52 bags - Done with help of skip & other regular charity collections. 5) Build/maintain EF/Savings pots at £1K or more by 31/12/20
  • clearmydebtsclearmydebts Forumite
    6.5K posts
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    ✭✭✭✭
    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:€31,300
    Loan: €28,300 CC1: €900 CC2: 2100
    DFD:Nov 2022/July 2022
    Mortgage: €201,700
    MFD: March 2042/July 2036
  • 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:€31,300
    Loan: €28,300 CC1: €900 CC2: 2100
    DFD:Nov 2022/July 2022
    Mortgage: €201,700
    MFD: March 2042/July 2036
  • clearmydebtsclearmydebts Forumite
    6.5K posts
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    ✭✭✭✭
    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:€31,300
    Loan: €28,300 CC1: €900 CC2: 2100
    DFD:Nov 2022/July 2022
    Mortgage: €201,700
    MFD: March 2042/July 2036
  • Important update! We have recently reviewed and updated our Forum Rules and FAQs. Please take the time to familiarise yourself with the latest version.
  • clearmydebtsclearmydebts Forumite
    6.5K posts
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    ✭✭✭✭
    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:€31,300
    Loan: €28,300 CC1: €900 CC2: 2100
    DFD:Nov 2022/July 2022
    Mortgage: €201,700
    MFD: March 2042/July 2036
  • beanieloubeanielou Forumite
    73.6K posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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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~**
    **Weight loss 2 stone 2 lbs **
    MFW. 9 months to go. B)
    "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!
    ✭✭✭✭
    beanielou wrote: »
    Happy shiny new diary :)

    Thanks very much for the support!
    Total (Aug 19):€58,567 Now:€31,300
    Loan: €28,300 CC1: €900 CC2: 2100
    DFD:Nov 2022/July 2022
    Mortgage: €201,700
    MFD: March 2042/July 2036
  • clearmydebtsclearmydebts Forumite
    6.5K posts
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    ✭✭✭✭
    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:€31,300
    Loan: €28,300 CC1: €900 CC2: 2100
    DFD:Nov 2022/July 2022
    Mortgage: €201,700
    MFD: March 2042/July 2036
  • savingholmessavingholmes Forumite
    13K 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.
    During 2020: Target 1) Reduce debt from £25.1K @ 0% Now down to £17.129 Target 2) Overpay mortgage - now @ £780 OP Target 3) Improve pensions Target 4) Declutter 52 bags - Done with help of skip & other regular charity collections. 5) Build/maintain EF/Savings pots at £1K or more by 31/12/20
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