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    • HairyHandofDartmoor
    • By HairyHandofDartmoor 24th Sep 17, 12:22 PM
    • 10,009Posts
    • 79,693Thanks
    HairyHandofDartmoor
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    • #1
    • 24th Sep 17, 12:22 PM
    Finally Debt Free After 34 Years, But Still Need to Live Frugally 24th Sep 17 at 12:22 PM
    My DH and I have been in debt for 34 Years, apart from brief periods, ever since I was offered my first credit card at the tender age of19.

    Our debts were caused by us being impulsive spenders and not being very skilled at budgeting or managing our money, so we know it is our own fault. We always believed that one day we would have more money, mysteriously, and that this would bail us out .

    Our full light bulb moment came when we realised, "What if we never have any more money than we do right now?"

    A couple of years ago we were coping with the minimum payments, but didn't have enough to overpay on any of them. We were forking out 1300 a month in minimum payments, and the interest alone was 1000 a month .

    But then in 2015 our small business started to bring in less, and a family bereavement, and illness affected our ability to work. We could no longer afford the minimum repayments and we were scared we would lose our home. We were stricken with stress and depression .

    Step Change shone a light in the darkness for us and they arranged for us to make token payments of 1 a month to our creditors. This saved our sanity and we were reassured that our home was unlikely to be taken from us.

    My DH recently turned 55 and drew out his pension so that we could make full and final offers to our creditors. All but one accepted an offer of 50% of what we owed (which is all we had to offer). We are continuing negotiations with the final creditor and hope to be debt free by Christmas .

    Being so close to being debt free has made me realise what a heavy burden the debts have been all these years, like living our lives wearing lead boots.

    Once we are debt free we will still need to live very frugally because we have no emergency fund or savings, and our income can be irregular. I hope that starting a diary will help to focus me on frugal living, avoid impulsive spends, and keep my spirits up. Because frugal living can be a lonely and isolating experience.

    This site and Step Change has helped me so much, and I hope that my diary will help to inspire others that it's never too late to change your life .
    Last edited by HairyHandofDartmoor; 18-11-2017 at 8:49 AM.
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = 58,766 DEBT FREE 31 OCTOBER 2017
    EMERGENCY FUND 1 = 4,005/5,000. EMERGENCY FUND 2 = 2,005/5,000.
    CHRISTMAS SAVINGS = 129.37/500
    PREMIUM BONDS ME = 150. PREMIUM BONDS DH = 50
Page 212
    • Nicnak
    • By Nicnak 11th Oct 18, 6:05 PM
    • 2,129 Posts
    • 12,565 Thanks
    Nicnak
    I got the chocolate oranges too! They are great for little wraps ups, or forgotten presents!
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 0 Consolidation 15,000 = 8,400 Total = 25,330 8,400 67% gone EMF #252 = 500/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 11th Oct 18, 6:35 PM
    • 10,009 Posts
    • 79,693 Thanks
    HairyHandofDartmoor
    I got the chocolate oranges too! They are great for little wraps ups, or forgotten presents!
    Originally posted by Nicnak
    Yes really good value too, so at least I've got something for Christmas now!
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = 58,766 DEBT FREE 31 OCTOBER 2017
    EMERGENCY FUND 1 = 4,005/5,000. EMERGENCY FUND 2 = 2,005/5,000.
    CHRISTMAS SAVINGS = 129.37/500
    PREMIUM BONDS ME = 150. PREMIUM BONDS DH = 50
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 11th Oct 18, 6:42 PM
    • 10,009 Posts
    • 79,693 Thanks
    HairyHandofDartmoor
    I enjoyed my volunteering, in fact I was really looking forward to going. We did subtraction and writing a fact sheet (well the children did and I helped ).

    After I walked home the afternoon seemed to stretch emptily ahead though, so I was wishing I could stay all day .

    Anyway I managed to find things to do. I dusted all the family photos on the landing wall, which were covered in dust and one even had a cobweb stretched across it, cheeky spider . Then I emptied some bins and put the dishwasher on.

    I managed to stay cheerful, or at least not depressed, by dint of much positive thinking. I'm off to my volunteering again tomorrow morning and looking forward to it , although I think we'll have wet playtime judging by the weather report.
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = 58,766 DEBT FREE 31 OCTOBER 2017
    EMERGENCY FUND 1 = 4,005/5,000. EMERGENCY FUND 2 = 2,005/5,000.
    CHRISTMAS SAVINGS = 129.37/500
    PREMIUM BONDS ME = 150. PREMIUM BONDS DH = 50
    • beanielou
    • By beanielou 11th Oct 18, 6:46 PM
    • 64,627 Posts
    • 289,037 Thanks
    beanielou
    Glad that you are enjoying your volunteering.
    I enjoy mine too.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "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.***
    • doingitanyway
    • By doingitanyway 11th Oct 18, 7:08 PM
    • 4,435 Posts
    • 27,379 Thanks
    doingitanyway
    Volunteering with children will take your mind to a good place
    Car costs savings: 165
    Xmas savings 100
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 11th Oct 18, 7:33 PM
    • 10,009 Posts
    • 79,693 Thanks
    HairyHandofDartmoor
    Glad that you are enjoying your volunteering.
    I enjoy mine too.
    Originally posted by beanielou
    Thanks Beanie

    Volunteering with children will take your mind to a good place
    Originally posted by doingitanyway
    It does
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = 58,766 DEBT FREE 31 OCTOBER 2017
    EMERGENCY FUND 1 = 4,005/5,000. EMERGENCY FUND 2 = 2,005/5,000.
    CHRISTMAS SAVINGS = 129.37/500
    PREMIUM BONDS ME = 150. PREMIUM BONDS DH = 50
    • Sun Addict
    • By Sun Addict 11th Oct 18, 7:43 PM
    • 7,357 Posts
    • 54,544 Thanks
    Sun Addict
    Firstly, where are the chocolate oranges only 75p?

    Secondly, does this include white chocolate ones?

    Thirdly, and most importantly, so pleased you're enjoying your volunteering. My mum used to do remedial reading at secondary schools and loved it.
    Virtual Sealed Pot 2019 366.57
    Emergency Fund 3300/10,000
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 11th Oct 18, 7:47 PM
    • 10,009 Posts
    • 79,693 Thanks
    HairyHandofDartmoor
    Firstly, where are the chocolate oranges only 75p?

    Secondly, does this include white chocolate ones?

    Thirdly, and most importantly, so pleased you're enjoying your volunteering. My mum used to do remedial reading at secondary schools and loved it.
    Originally posted by Sun Addict
    Chocolate oranges are from Mr T but I only saw dark chocolate .

    Thanks. Working with children is definitely healing, although I'd be scared of secondary school children, I volunteer with infants
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = 58,766 DEBT FREE 31 OCTOBER 2017
    EMERGENCY FUND 1 = 4,005/5,000. EMERGENCY FUND 2 = 2,005/5,000.
    CHRISTMAS SAVINGS = 129.37/500
    PREMIUM BONDS ME = 150. PREMIUM BONDS DH = 50
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 12th Oct 18, 6:44 AM
    • 10,009 Posts
    • 79,693 Thanks
    HairyHandofDartmoor
    Good morning. I'm off to my volunteering again soon .
    It's pitch black outside, raining and blowing a gale so I'm glad I work indoors!

    I'm going for a meal tonight with some old friends so I'll need my raincoat (we go out around every three months). It's a restaurant I've never been to but it's very popular here. The spends should be lowish as I won't have a starter or a dessert and I'm off alcohol at the moment. Usually my share of the wine bill adds a lot to my cost. Plus I won't wake up with a headache, so win win .

    Have a good day everyone.
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = 58,766 DEBT FREE 31 OCTOBER 2017
    EMERGENCY FUND 1 = 4,005/5,000. EMERGENCY FUND 2 = 2,005/5,000.
    CHRISTMAS SAVINGS = 129.37/500
    PREMIUM BONDS ME = 150. PREMIUM BONDS DH = 50
    • carbootcrazy
    • By carbootcrazy 12th Oct 18, 8:03 AM
    • 6,007 Posts
    • 37,349 Thanks
    carbootcrazy
    Sounds like you have a lovely day lined up. I hope you enjoy every minute
    Original Debt: 56804 (@02/13). Now: 1862.. Just one creditor to go

    Make 2019 in 2019 (#68) 452.71/2019

    Treats Fund 2019: 411.78
    • Dorastar
    • By Dorastar 12th Oct 18, 11:55 AM
    • 2,020 Posts
    • 16,373 Thanks
    Dorastar
    Sounds lovely and just what you need, especially with this dismal weather we've got today!
    Mr T 11026 Bank 524 Mortgage 160,000
    Emergency Fund 1000 Blanket squares 33/60
    3monthfund 4810.75/4737
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 12th Oct 18, 12:16 PM
    • 10,009 Posts
    • 79,693 Thanks
    HairyHandofDartmoor
    Sounds like you have a lovely day lined up. I hope you enjoy every minute
    Originally posted by carbootcrazy
    Sounds lovely and just what you need, especially with this dismal weather we've got today!
    Originally posted by Dorastar

    Thanks it's nice to be busy, although I could do with going out this afternoon too . The rain stopped in time for me to walk home luckily. The children were lively today because it was wet playtime .

    I had to top up my phone on the way home which was 10. We'll see how much I spend tonight. DH asked if I would need 50 and I said no way, I'm hoping to spend less than 20 as I'll probably only have a main course and a diet coke.
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = 58,766 DEBT FREE 31 OCTOBER 2017
    EMERGENCY FUND 1 = 4,005/5,000. EMERGENCY FUND 2 = 2,005/5,000.
    CHRISTMAS SAVINGS = 129.37/500
    PREMIUM BONDS ME = 150. PREMIUM BONDS DH = 50
    • beanielou
    • By beanielou 12th Oct 18, 12:39 PM
    • 64,627 Posts
    • 289,037 Thanks
    beanielou
    Have a lovely time tonight
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "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.***
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 12th Oct 18, 1:09 PM
    • 10,009 Posts
    • 79,693 Thanks
    HairyHandofDartmoor
    Thanks Beanie.
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = 58,766 DEBT FREE 31 OCTOBER 2017
    EMERGENCY FUND 1 = 4,005/5,000. EMERGENCY FUND 2 = 2,005/5,000.
    CHRISTMAS SAVINGS = 129.37/500
    PREMIUM BONDS ME = 150. PREMIUM BONDS DH = 50
  • archived user
    Enjoy your evening HH , hope the weather stays dry for you .
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 12th Oct 18, 4:26 PM
    • 10,009 Posts
    • 79,693 Thanks
    HairyHandofDartmoor
    Thanks Cumbria. It's blowing a gale but I'm not sure if it's raining. I'll find out soon!
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = 58,766 DEBT FREE 31 OCTOBER 2017
    EMERGENCY FUND 1 = 4,005/5,000. EMERGENCY FUND 2 = 2,005/5,000.
    CHRISTMAS SAVINGS = 129.37/500
    PREMIUM BONDS ME = 150. PREMIUM BONDS DH = 50
    • Sun Addict
    • By Sun Addict 12th Oct 18, 4:27 PM
    • 7,357 Posts
    • 54,544 Thanks
    Sun Addict
    Have a lovely meal
    Virtual Sealed Pot 2019 366.57
    Emergency Fund 3300/10,000
    • please-let-me-be-lucky
    • By please-let-me-be-lucky 12th Oct 18, 7:47 PM
    • 9,831 Posts
    • 62,351 Thanks
    please-let-me-be-lucky
    Hope you are having a really lovely evening Xx
    Debts @ LBM 23,729.31. Debts @ 08/04/2016 0

    Best win so far - holiday to Florida
    • redofromstart
    • By redofromstart 12th Oct 18, 8:11 PM
    • 2,416 Posts
    • 15,442 Thanks
    redofromstart
    Hope you had an enjoyable evening. Weather is nasty here, cats keep being blown back in if they are daft enough to go out. My fluffy moron is most disgruntled at the mess it makes of his fur.
    • Nicnak
    • By Nicnak 12th Oct 18, 8:19 PM
    • 2,129 Posts
    • 12,565 Thanks
    Nicnak
    Firstly, where are the chocolate oranges only 75p?

    Secondly, does this include white chocolate ones?

    Thirdly, and most importantly, so pleased you're enjoying your volunteering. My mum used to do remedial reading at secondary schools and loved it.
    Originally posted by Sun Addict
    They had milk ones in my local Tesco. x
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 0 Consolidation 15,000 = 8,400 Total = 25,330 8,400 67% gone EMF #252 = 500/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
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