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Gemmzie's DMP Diary (Year Two)

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  • It's hard not to help your parents, especially as you live with them too. You'll get there and you have proved you are not shy of the challenge - you should be very proud of yourself!

    There has to be a life after debt...i've spent the last few years battling away at it getting nowhere and it is only now since I have been on the DMP with payplan that I can see a possible end. If only I took the plunge sooner! Still we're all dealing with it now and there is a light at the end of the tunnel :-)
  • Gemmzie
    Gemmzie Posts: 14,876 Forumite
    It's the same with ours, a massive chunk of this, almost 80% of the DMP debts were run up in the last 18 months from what I've found by digging. Prior to Sep 05 it was all unsecured, if only we'd known of DMPs then!
    No longer using this account for new posts from 2013
  • Gemmzie
    Gemmzie Posts: 14,876 Forumite
    The water increase letter came in yesterday £4.17 more a month on average. We pay nearly £50 a month for water :eek:
    Still waiting on CT bill but local paper says the rise is about 2% so that's not too bad either - phew.

    Also, as we keep ending up short, mum's increased her input £50 which means our savings have had to come to a standstill for the next few months (saving for a new boiler as ours is dying and uneconomical)
    No longer using this account for new posts from 2013
  • Gemmzie
    Gemmzie Posts: 14,876 Forumite
    Just had a message from mortgage people that the rate has been dropped from February's decrease :T :T
    Not so good for the savers but good for the mortgage, so that another £17 approx we can stick off the other debts, woop!
    No longer using this account for new posts from 2013
  • Good news on the mortgage payment Gem..... I know with ur tight figures, £17 will make a massive difference to you!

    Sarah x
    'We are all in the gutter, but some of us are looking at the stars' - Oscar Wilde
  • Gemmzie
    Gemmzie Posts: 14,876 Forumite
    It certainly will Sarah! It should mean that we can pay off the non-DMP debts this year which is my main aim at the moment.

    And dad's work is finally starting to pick up, definitely enough for us to hit the average figure we need, quite possibly above that :j So we'll have enough (finally) to put aside for his holidays / slow times.
    No longer using this account for new posts from 2013
  • Gemmzie
    Gemmzie Posts: 14,876 Forumite
    Round up time for March, although there might be another £60-£100 to add for the Make £10 challenge to come tomorrow but I'll stick it on April to get things going...

    March Grocery Challenge - £380 / £380
    Make £10 a day in March - £441.43 / £310
    2008 Olympic Challenge: Silver - £164.79 made this month
    Pay off £10k by Xmas 08 - £493.77 paid this month
    Savings for £10k - £1121.80

    Really makes me think that there's an end point to this. Thank gawd :rotfl:

    The DMP is quiet, we still haven't heard from Cap 1 or Egg. Hell-ifax are sticking their lovely charges on - £40 this month, will be even more next month as we'll be back over the credit limit :rolleyes:
    No longer using this account for new posts from 2013
  • Gemmzie
    Gemmzie Posts: 14,876 Forumite
    Our DFD is now July 2019! :T :T That's better than the 2040 we started with (my parents would have been 80!)
    No longer using this account for new posts from 2013
  • beanielou
    beanielou Posts: 95,469 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Great news Gemmzie.
    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.
  • Gemmzie
    Gemmzie Posts: 14,876 Forumite
    Right it's home insurance time..
    Renewal is nearly £400 :eek: But I've got a quote from Esure for £226 (if we pay up front, which can be done). That'd save £8 a month from the current figures, gonna get dad to check it when he gets home to make sure I've not missed anything glaringly obvious.

    And I've switched our gas/leccy to a fixed tariff - it's £15 more at the moment but I think we'll make good savings between now and 2011. Besides, we can't afford any further increases until 2010 on our budget!


    DMP-wise, Halifax are now charging £30 a month interest and £24 in charges so we are going backwards, roll on the DCA :rolleyes: Everyone else is happy and quiet.
    No longer using this account for new posts from 2013
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