Time for me to be debt free

107 Posts

I thought I’d start a diary to help me on my way to becoming debt free. I’ve had varying amounts of debt, my highest being around £25’000 to the amount of around £13’000 I currently have. I’ve been on this debt cycle for such a large part of my life that I am ready for this change. I have a very supportive husband who I hid my debt from & I am sorry to say has bailed me out more than once. I now know this has not worked for me as my mindset had to change, & I honestly think this will only happen if I myself pay this debt off instead of accepting help from others.
A few things got me into debt, moving house, having children, being on mat leave & reduced income but mainly because without a doubt I had shopaholic tendencies. My debt does shame me as it is something I don’t want friends & family to know about, I will say I have credit cards to pay off etc but no one in my circle knows the amount I owe. I’ve just gotten to the point now where I’ve had enough of living this lifestyle. It’s been a long slog but I have managed to stop the reckless spending so now is the time for me to pay off the debts that are taking up far too much of my hard earned cash.
I hope you manage to get something out of reading my diary as I love feeling inspired by those other diaries out there. Take care all.
Love B x
5
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CC B £3,279
CC T £2,185
CC D £2,788
CC L £1,700
CC N £3,006
My grand total is £12,958, all on CCs & squandered on everyday living & buying too much too much of too many things. I do have nice things to show for it, I live in a nice home & have a nice life but it’s simply not worth it when I am still paying for it. I’m going to pay off some of the debt tonight & will post with updates. Realistically I am thinking it will take 2 years to pay this off but hopefully with a bit of effort I can get there a bit quicker.
I hope you all have a nice evening.
Love B x
CC B £3,100
CC T £2,160
CC D £2,700
CC L £1,690
CC N £3,000
B x
Love B x
Sometimes there isn't enough emphasis on the first stage of debt busting, which is stopping the overspending in the first place. You seem to have got that loud and clear.
Even if you don't do much with the debt immediately the change of habits makes you much more likely to succeed with the paydown when you get going.
**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.***