10 years here. My final diary this time!

clearmydebts
clearmydebts Posts: 6,485 Forumite
First Anniversary Combo Breaker First Post I've been Money Tipped!
edited 21 August 2019 at 9:54PM 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
«13456720

Comments

  • savingholmes
    savingholmes Posts: 27,240 Forumite
    Name Dropper First Anniversary Photogenic First Post
    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
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 237 payments to go - now £184,341 Equity 26.26% (lower post move compensated by EF) plus spent £10K+ on home improvements/emergency repairs
    2) Mortgage neutral by June 2030 AVC £8.063/£127,466 AVC target 6.32%
    3) FI Age 60 annual income target £12,500/30,000 41.66%
    Achievements: CC free since April 22. 1 year EF from Jan 24 & dedicated pot for home improvements
  • clearmydebts
    clearmydebts Posts: 6,485 Forumite
    First Anniversary Combo Breaker First Post 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:€26,947
    DFD:Nov 22/June 22
    Mortgage: €199,712
    MFD: March 2042/July 2034
  • You got this :) I look forward to seeing all your wins! following this diary:D
  • clearmydebts
    clearmydebts Posts: 6,485 Forumite
    First Anniversary Combo Breaker First Post I've been Money Tipped!
    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
  • clearmydebts
    clearmydebts Posts: 6,485 Forumite
    First Anniversary Combo Breaker First Post 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:€26,947
    DFD:Nov 22/June 22
    Mortgage: €199,712
    MFD: March 2042/July 2034
  • clearmydebts
    clearmydebts Posts: 6,485 Forumite
    First Anniversary Combo Breaker First Post 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:€26,947
    DFD:Nov 22/June 22
    Mortgage: €199,712
    MFD: March 2042/July 2034
  • beanielou
    beanielou Posts: 90,073 Ambassador
    Academoney Grad I'm a Volunteer Ambassador Mortgage-free Glee! Name Dropper
    Happy shiny new diary :)
    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.
  • clearmydebts
    clearmydebts Posts: 6,485 Forumite
    First Anniversary Combo Breaker First Post I've been Money Tipped!
    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
  • clearmydebts
    clearmydebts Posts: 6,485 Forumite
    First Anniversary Combo Breaker First Post 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:€26,947
    DFD:Nov 22/June 22
    Mortgage: €199,712
    MFD: March 2042/July 2034
  • savingholmes
    savingholmes Posts: 27,240 Forumite
    Name Dropper First Anniversary Photogenic First Post
    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.
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 237 payments to go - now £184,341 Equity 26.26% (lower post move compensated by EF) plus spent £10K+ on home improvements/emergency repairs
    2) Mortgage neutral by June 2030 AVC £8.063/£127,466 AVC target 6.32%
    3) FI Age 60 annual income target £12,500/30,000 41.66%
    Achievements: CC free since April 22. 1 year EF from Jan 24 & dedicated pot for home improvements
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