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    • HairyHandofDartmoor
    • By HairyHandofDartmoor 24th Sep 17, 12:22 PM
    • 10,016Posts
    • 79,805Thanks
    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 490
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 17th Jun 19, 1:35 PM
    • 10,016 Posts
    • 79,805 Thanks
    HairyHandofDartmoor
    Well my day of resting on Sunday helped as I felt almost human this morning .

    Just as well because when I got to school they were short staffed and asked me if I would do paid TA cover this morning in a different year group . I was delighted of course and I really enjoyed getting to know a different year group and how they operate . Then I did my lunchtime job which was dry weather. So a very good morning. I hope they ask me again some time soon .

    DS3 was travelling from Columbia to Mexico overnight, but I was able to make sure he'd got to the airport and message him before I went to sleep (a bit later than I would have liked to sleep as it was 11.30pm) and when I woke up at 6.45am his plane had landed. But I got enough sleep to feel fine at school which is the important thing.

    I'm going to skip Pilates (again ) as I feel very tired now, but also we need to re-apply for DS3's student finance this afternoon because the deadline is Friday . I also need to do my assignment this week as that deadline is also Friday and it's my dad's birthday on Friday so I need to organise a card and present for him .

    So Pilates has fallen by the wayside again unfortunately. But next week should be a fairly quiet week (as far as I can tell, fingers crossed and touch wood!) so next week I hope to be back to normal and back to Pilates.

    I hope everyone is having a good Monday .
    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 17th Jun 19, 7:21 PM
    • 10,016 Posts
    • 79,805 Thanks
    HairyHandofDartmoor
    The student finance application was a bit of a nightmare as we needed log in details for DS3, me and DH, and we only knew DS3's . So after much password resetting, which involved a phone call we finally managed to log in.

    We still need to send our proof of income in. There's an additional complication that the pension withdrawal made our income artificially high in 2017 and so we need to fill in a separate form called a Current Year Income form. I hope DS3 gets the full maintenance loan because if he doesn't he will have nothing to live on after paying his rent .

    We didn't manage to do the CYI form so we'll have to do that in the morning.
    Then in the afternoon I can start my college assignment which I think I'll need three sessions on.

    Busy, busy, busy!
    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 17th Jun 19, 7:37 PM
    • 7,362 Posts
    • 54,662 Thanks
    Sun Addict
    Good news on the extra work, a bit more welcome cash to add to the pot

    The student finance application sounds a right faff, hope it all goes through ok.
    Virtual Sealed Pot 2019 £366.57
    Emergency Fund £3300/£10,000
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 17th Jun 19, 7:47 PM
    • 10,016 Posts
    • 79,805 Thanks
    HairyHandofDartmoor
    Thank you . The extra cash will be useful but I'm mainly pleased that they trusted me to do it .

    The student finance thing is horrible .
    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 17th Jun 19, 7:49 PM
    • 64,662 Posts
    • 289,338 Thanks
    beanielou
    I loathed doing the student finance.
    WE used to fall out even before we started

    Great news on the cover
    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 17th Jun 19, 7:54 PM
    • 10,016 Posts
    • 79,805 Thanks
    HairyHandofDartmoor
    Thank you 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
    • milann
    • By milann 17th Jun 19, 8:52 PM
    • 2,686 Posts
    • 16,198 Thanks
    milann
    Covering a class as ta is a big step in the right direction. Keep your eyes and ears open in case staff are moving to pastures new as theyíll have to hand notices and advertise in the next few weeks.
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 17th Jun 19, 9:11 PM
    • 10,016 Posts
    • 79,805 Thanks
    HairyHandofDartmoor
    Thank you Milann . It does feel like a good sign .
    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
    • jwil
    • By jwil 18th Jun 19, 6:57 AM
    • 10,796 Posts
    • 39,157 Thanks
    jwil
    Great news on the paid work
    "If you can dream it, you can do it". Walt Disney
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 18th Jun 19, 7:34 AM
    • 10,016 Posts
    • 79,805 Thanks
    HairyHandofDartmoor
    Thank you Jwil .
    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
    • Purplemumof2
    • By Purplemumof2 18th Jun 19, 10:20 AM
    • 7,227 Posts
    • 27,855 Thanks
    Purplemumof2
    Yay to the extra cover, if they didn't trust you, they wouldn't have asked

    Boo to the student finance, fingers crossed it goes through smoothly and there are no hiccups.

    Have a lovely day xx
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £4650.00 Lloyds: £8700.00 BC: £300.00 Cap One: GONE
    July LTW 3/22 ~ July NSD 2/10
    PAYDBX 2019 #041 PD £3474.49/£5604.30
    Savings for Christmas £300.52/£500 ~ EF £55/£500
    20p Savers 2019 £2 Savers 2019 50p Savers 2019 SPC 12 2019 #003
    • teafor2
    • By teafor2 18th Jun 19, 10:51 AM
    • 2,002 Posts
    • 15,729 Thanks
    teafor2
    Morning HHD Great that they asked you to cover a class officially. I'm sure if something comes up you'd be first on their list for a job.

    Sounds like you have a lot of form filling to do hope you manage to work your way through it without it causing too much hassle.

    How's the de-cluttering going in DS's room? Have you seen the photo Nicky Campbell posted of his daughter's room? It made me feel a bit better that untidy bedrooms seem to be a common theme.

    Have a lovely day. xx
    • foxgloves
    • By foxgloves 18th Jun 19, 3:08 PM
    • 5,030 Posts
    • 29,165 Thanks
    foxgloves
    Covering classes is good experience & will look well on a CV should anything come up on the job front. Well worth doing.
    F x
    Money can't jump out of your purse on its own so ask 'Can I borrow one, make one, grow one, bake one, re-purpose or recycle, acquire it for free?' Yes? Then put that purse away & keep your money because little savings
    Payment received from surveys: 2015 = £320 2016 = £210 2017 = £304 2018 = £418 2019 = £124
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 18th Jun 19, 4:04 PM
    • 10,016 Posts
    • 79,805 Thanks
    HairyHandofDartmoor
    Yay to the extra cover, if they didn't trust you, they wouldn't have asked

    Boo to the student finance, fingers crossed it goes through smoothly and there are no hiccups.

    Have a lovely day xx
    Originally posted by Purplemumof2
    Morning HHD Great that they asked you to cover a class officially. I'm sure if something comes up you'd be first on their list for a job.

    Sounds like you have a lot of form filling to do hope you manage to work your way through it without it causing too much hassle.

    How's the de-cluttering going in DS's room? Have you seen the photo Nicky Campbell posted of his daughter's room? It made me feel a bit better that untidy bedrooms seem to be a common theme.

    Have a lovely day. xx
    Originally posted by teafor2
    Covering classes is good experience & will look well on a CV should anything come up on the job front. Well worth doing.
    F x
    Originally posted by foxgloves
    Thanks all of you . Being asked to do the TA cover can only be a good thing .

    I haven't seen that photo TF2 but I'm sure I'd find it very comforting .
    Last edited by HairyHandofDartmoor; 18-06-2019 at 4:19 PM.
    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 18th Jun 19, 4:18 PM
    • 10,016 Posts
    • 79,805 Thanks
    HairyHandofDartmoor
    I've had a busy and slightly frustrating day. DH and I filled in the Current Income Form for DS3's student finance this morning before I went to work. But there may be another (third) form we need to fill in, but we aren't sure so need to ring and ask them . Anyway DH had had enough by then so said he'd finish it another time. I feel a bit frustrated that it's not finished but it can't be helped.

    I went to work after that to do my lunchtime job. It rained fairly steadily during the whole of lunch, but luckily it was light rain so the children played outside. It's lucky I have a waterproof coat! The office said I need to claim overtime for yesterday morning so I logged in and did that just now (hopefully correctly).

    Then I came home, persuaded DS1 to make a phone call as an important appointment was clashing with a doctors appointment and needed to be rescheduled.

    After that was done, I started work on my assignment. It's in three parts so I decided to do part one today, part two tomorrow and part three on Thursday. Then it will be finished just in time to submit it by Friday when I have my tutorial. It's a bit last minute for my liking but we have been a bit busy recently! The part I did today was on health and safety legislation and how it's applied in schools and colleges, so it was staggeringly dull (yawn) . But the next two parts are more interesting luckily.

    I did a couple of short OP surveys and am creeping up towards my cash out point of £25. PA only seems to be giving me surveys that you can't do on a tablet or ones that are full up lately. And YG, well we all know how slow they are so it's going to take me another nine months at least to cash out with them.

    Spends today were £3 on milk and diet coke. We need to do a Mr T order so I'm hoping we can do it tonight. I don't know what to cook tonight as our oven is still not working. Hotpoint can't send an engineer until Thursday, so I'm not very impressed with that .

    I hope everyone is having a good Tuesday and didn't share our rain. I think the weather is going to be better tomorrow, I hope so anyway as I've been working in the rain a lot lately.
    Last edited by HairyHandofDartmoor; 18-06-2019 at 4:22 PM.
    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
    • earthgirl
    • By earthgirl 18th Jun 19, 4:44 PM
    • 2,714 Posts
    • 28,252 Thanks
    earthgirl
    The student forms sound awful. Great that you were asked to work as a TA though, they must think highly of you. Good luck with your assignment!
    15/5/12 Paid off Mortgage 1 (£220k) Bought Dream House Dec 13 - Mortage 2 -£116,508. 15/7/18 Mortgage Free Again

    Progress not Perfection
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 18th Jun 19, 4:46 PM
    • 10,016 Posts
    • 79,805 Thanks
    HairyHandofDartmoor
    Thank you Earthgirl .
    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
    • Sunshine girl2
    • By Sunshine girl2 18th Jun 19, 5:32 PM
    • 203 Posts
    • 1,336 Thanks
    Sunshine girl2
    Loving reading your diary , always full of news, be it good or bad. I remember the student finance forms well , it just had to be done .
    Great news on the TA time , extra money always welcome. Boo to the oven not working , hope they fix it Thursday for you.
    For once we have had sunshine today and no rain . Just washing up , then as it's payday , will be buying the premium bonds .
    Have a good evening
    • milann
    • By milann 18th Jun 19, 5:37 PM
    • 2,686 Posts
    • 16,198 Thanks
    milann
    Pleased to say we didnít share the rain. We have had a strange yellow thing in the sky - think it was the sun but Iíve forgotten what it looks like since Iíve not seen it for a while....
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 18th Jun 19, 7:25 PM
    • 10,016 Posts
    • 79,805 Thanks
    HairyHandofDartmoor
    Loving reading your diary , always full of news, be it good or bad. I remember the student finance forms well , it just had to be done .
    Great news on the TA time , extra money always welcome. Boo to the oven not working , hope they fix it Thursday for you.
    For once we have had sunshine today and no rain . Just washing up , then as it's payday , will be buying the premium bonds .
    Have a good evening
    Originally posted by Sunshine girl2
    Thank you Sunshine . Sometimes I wish my diary was boring, as I do seem to lead an eventful life . I'm looking forward to 25th so I can buy more premium bonds .

    Pleased to say we didnít share the rain. We have had a strange yellow thing in the sky - think it was the sun but Iíve forgotten what it looks like since Iíve not seen it for a while....
    Originally posted by milann
    I think I've forgotten what the sun looks like too!
    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
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