Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Nicnak
    • By Nicnak 10th Sep 17, 8:30 PM
    • 1,929Posts
    • 11,277Thanks
    Nicnak
    Debt Free Year
    • #1
    • 10th Sep 17, 8:30 PM
    Debt Free Year 10th Sep 17 at 8:30 PM
    Hi,

    I've pretty much buried my head in the sand over the past 15 years about debt and what it means. I've always seen it as 'normal' to have debt for things, and never thought twice about it. Recently though, I have wanted to think about cutting down my work hours, and I just can't. I can't be the mum I want to be to my 4 year old because I need to work to make sure I can pay the bills and debts. That is when it hit home, that I can't continue like this. I am having a wedding reception in December, which I know is going to take up most of my 'spare' cash, but from January 2018, I will make a difference to my debts.

    Currently have
    485 0% credit card. It was 2000 in July, So I have been ensuring that I am working on it.
    7500 Tesco loan at 3.2% - Paying 220 a month and due up in Three years
    17,450 car loan. Car is in negative equity and I'm stuck in the PCP. The car also is over mileage and has damage. I am 10 months away from handing it back, but with excess mileage and damage, I am thinking this might not be the best idea. Currently paying 351 a month for this luxury that I am thinking I don't need. (I shouldn't have got it, but I did, I can't change what I have stupidly done, and now need to work on the best options).
    I spend money every month on things I don't need, and really need somewhere to record and focus on what it is I am doing, and the inspiration to keep going when I see progress is being made.

    I've started a written diary as well to try to help. If I pay off these debts, then I know that I will be 500 better off. In April, my phone is due up for renewal, and I have already looked at the SIM only deals which will take it to the 500 a month mark.

    i am going to try to earn some extra per month to pay off the debts, which in the short term might reduce the time I have with my daughter.

    Here goes...

    I really need to do this now.
Page 83
    • Nicnak
    • By Nicnak 9th Mar 19, 6:57 PM
    • 1,929 Posts
    • 11,277 Thanks
    Nicnak
    Well done you are doing ace

    You've had such a busy week, OH works in a job that has OFSTED inspections as well and it's always so stressful xx
    Originally posted by kindofagilr
    Thank you xx
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 1000 Consolidation 15,000 = 9,960 Total = 25,330 10,960 59% gone EMF #252 = 100/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • Nicnak
    • By Nicnak 9th Mar 19, 6:58 PM
    • 1,929 Posts
    • 11,277 Thanks
    Nicnak
    Well done you are doing ace

    You've had such a busy week, OH works in a job that has OFSTED inspections as well and it's always so stressful xx
    Originally posted by kindofagilr
    I know. It's like we panic! x
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 1000 Consolidation 15,000 = 9,960 Total = 25,330 10,960 59% gone EMF #252 = 100/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • Nicnak
    • By Nicnak 9th Mar 19, 6:59 PM
    • 1,929 Posts
    • 11,277 Thanks
    Nicnak
    Hope your month gets better soon xx
    Originally posted by Onebrokelady
    I'm just glad Ofsted is over! x
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 1000 Consolidation 15,000 = 9,960 Total = 25,330 10,960 59% gone EMF #252 = 100/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 9th Mar 19, 9:57 PM
    • 8,366 Posts
    • 64,554 Thanks
    HairyHandofDartmoor
    I'm glad your OFSTED insection is over. I hope you get a great outcome .

    Well done on paying so much off the debts, they'll soon come down at this rate, especially with the setbacks of your windscreen and lack of tutoring .

    Have a lovely weekend .
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = 58,766 DEBT FREE 31 OCTOBER 2017
    NEW GOALS - Build Emergency Fund & Loss of Income Fund. Save for house repairs.
    EMERGENCY FUND 2,000
    "Tough times never last, but tough people do" - Robert H Schuller
    • Nicnak
    • By Nicnak 10th Mar 19, 8:44 AM
    • 1,929 Posts
    • 11,277 Thanks
    Nicnak
    Morning everyone,

    I think my debt paying will slow down a little. I got the extra PPI money and other bits in this month like gas and electricity that I know I won't get when I get paid. I plan to pay off my dad 500 this month and then my loan 200. That will be as much as I can.

    Ex hasn't paid me despite asking for my bank details again and suggesting he would pay me something. I am at least -200 as I needed to get a full shop this week and buy a birthday present for the party we are going to today. I am sure I will be fine. I just need to clear the overdraft this month as well as the normal bits. It was mostly because of the windscreen, and Ofsted being in meant I was buying bits and cancelling tutoring so not a well planned week last week. I'll need to be a little bit more on top of this in the future in case it does happen again. xx
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 1000 Consolidation 15,000 = 9,960 Total = 25,330 10,960 59% gone EMF #252 = 100/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • Cumbria lass
    • By Cumbria lass 10th Mar 19, 8:47 AM
    • 2,877 Posts
    • 18,518 Thanks
    Cumbria lass
    Glad Ofsted is done and dusted for you . Debt repayment is coming along nicely. Enjoy the party today .
    CC1 2980 Feb 2019.
    • Nicnak
    • By Nicnak 12th Mar 19, 7:11 PM
    • 1,929 Posts
    • 11,277 Thanks
    Nicnak
    I forgot about some bills. Over 300 in my overdraft now. Ex still not paid me. x
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 1000 Consolidation 15,000 = 9,960 Total = 25,330 10,960 59% gone EMF #252 = 100/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 12th Mar 19, 8:09 PM
    • 8,366 Posts
    • 64,554 Thanks
    HairyHandofDartmoor
    Oh dear . At least you know about the bills now so you hopefully won't forget about any next month. Do you have a list of outgoings? I have a monthly list of regular bills that need paying and I tick them off as they're paid.
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = 58,766 DEBT FREE 31 OCTOBER 2017
    NEW GOALS - Build Emergency Fund & Loss of Income Fund. Save for house repairs.
    EMERGENCY FUND 2,000
    "Tough times never last, but tough people do" - Robert H Schuller
    • crunch_time
    • By crunch_time 13th Mar 19, 9:15 AM
    • 1,220 Posts
    • 3,735 Thanks
    crunch_time
    Glad posted is over!

    Crunch x
    1/1/2019
    Credit card debt = 18,695/16,479
    Overdraft = 1700/1650
    Holiday balance 5200/1900
    Emergency fund = 2200
    • Nicnak
    • By Nicnak 13th Mar 19, 7:16 PM
    • 1,929 Posts
    • 11,277 Thanks
    Nicnak
    Oh dear . At least you know about the bills now so you hopefully won't forget about any next month. Do you have a list of outgoings? I have a monthly list of regular bills that need paying and I tick them off as they're paid.
    Originally posted by HairyHandofDartmoor
    Yeah, I just haven't been tracking it this month with Ofsted.
    I cancelled tutoring tonight, and last night the tutee cancelled on me.

    I am just exhausted and working hard at my new job. I have covered other people's jobs the last few days and to be honest, completed my own job at night time.

    x
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 1000 Consolidation 15,000 = 9,960 Total = 25,330 10,960 59% gone EMF #252 = 100/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • kindofagilr
    • By kindofagilr 14th Mar 19, 12:13 PM
    • 6,591 Posts
    • 22,220 Thanks
    kindofagilr
    Sounds like a good idea to have cancelled if you are exhausted, I hope the ex pays you soon (hugs) xx
    Current Debt 40,612.00/44,856.56 ~ 02/03/19 - 9.46% Paid Off

    POAMAYC 2019 #87 3915.85
    POAMAYC 2018 #87 13,912.57

    POAMAYC 2017 #87 10,380.18
    POAMAYC 2016 #87 7454.80

    Mortgage (Start Date 01/04/09 ~ 30 year term, due to end 01/07/39)
    82,278.27/104,409.00 (as of 28/02/19) ~ 21.19% Paid Off

    Christmas Savings 18: Totalled 750/Christmas Savings 19: 0
    Cyprus 19 Savings: 0/2000 ~ Centre Parcs 19 Savings: 125/500
    Emergency Fund: 50 ~ America Savings 2022: 0


    My Debt Free Diary (Link)
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 14th Mar 19, 9:09 PM
    • 8,366 Posts
    • 64,554 Thanks
    HairyHandofDartmoor
    I agree with cancelling if you're exhausted. You need to be in a fit state to do your main job so it's important to rest when your body tells you it needs it.
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = 58,766 DEBT FREE 31 OCTOBER 2017
    NEW GOALS - Build Emergency Fund & Loss of Income Fund. Save for house repairs.
    EMERGENCY FUND 2,000
    "Tough times never last, but tough people do" - Robert H Schuller
    • Nicnak
    • By Nicnak 16th Mar 19, 7:33 AM
    • 1,929 Posts
    • 11,277 Thanks
    Nicnak
    Morning all,

    I got 50 from ex, which is great. I so needed that money this month.
    It was little one's birthday yesterday and i am doing tea for my family today. Just a buffet style but it does still get expensive. I didn't want her to have a party this year as they also get mega expensive.

    I got paid and have cleared some of my dad off. Not as much as last month as I was in my overdraft by a fair bit so couldn't. I am a frustrated at myself, but learning the lessons of being on my own at the same time.

    Relationship with the new guy is going fine. Ex told my little one I had a boyfriend when he told her he had girlfriend. He got back with that woman on Sunday and told little one Sunday afternoon. Since then, he seems to be messaging me telling me all about the happy families they are playing. Taking her kids to football and various other things. She'll learn what he's like eventually.

    I paid for entry to the play area yesterday and the drinks for us. Still doesn't think of putting his hand in his wallet. I had an appointment so had to leave for an hour so he bought tea for himself and little one. He says he cannot afford to complete decorating her room yet so she still can't stay over for another few weeks. His new Barbour jacket looks lovely though. Little one told me had two new coats last week. Oh well, not to worry.

    Hope everyone else has a nice weekend planned. x
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 1000 Consolidation 15,000 = 9,960 Total = 25,330 10,960 59% gone EMF #252 = 100/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 16th Mar 19, 8:40 AM
    • 8,366 Posts
    • 64,554 Thanks
    HairyHandofDartmoor
    Your ex is obviously completely selfish. It's not just his girlfriend who'll get his number eventually, little DD will realise one day how selfish her dad is . She's lucky to have a lovely mum though .
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = 58,766 DEBT FREE 31 OCTOBER 2017
    NEW GOALS - Build Emergency Fund & Loss of Income Fund. Save for house repairs.
    EMERGENCY FUND 2,000
    "Tough times never last, but tough people do" - Robert H Schuller
    • teafor2
    • By teafor2 16th Mar 19, 5:28 PM
    • 1,115 Posts
    • 8,088 Thanks
    teafor2
    Happy Birthday to your DD

    I can't keep up with your ex and his woman - they seem to be on and off every other week! Your DD is only going to get older and wiser. If she's already telling you he had 2 new coats last week she'll have him weighed up in no time

    Glad to hear you're still happy in your new relationship. xxx
    • Cumbria lass
    • By Cumbria lass 16th Mar 19, 8:19 PM
    • 2,877 Posts
    • 18,518 Thanks
    Cumbria lass
    Boo to your ex, he is just playing a game with you. Glad to hear your relationship is still going well .it sounds like you have been very busy recently so remember some recharging time for yourself.
    CC1 2980 Feb 2019.
    • Nicnak
    • By Nicnak 17th Mar 19, 8:08 AM
    • 1,929 Posts
    • 11,277 Thanks
    Nicnak
    Thanks everyone.

    I can't keep up either. The friday before he had a date with another woman, cancelled that and then went back with her Saturday night and then Sunday morning they were back together. Sunday afternoon he had told little one about her and him being together and that I had a boyfriend too. I think he was trying to get details about him, but my little girl didn't know anything as I hadn't told her.

    I'm just making sure she has what she needs with me. Hugs, love, reading, days out when we can, baking together. Just being a mum with her.

    Food yesterday came to 70, plus the 20 from the other day for the cake etc.

    I have lots of food for the week now though, which is good. I won't need to go shopping this week so some of the cost can be offset. It is another tough month as I have paid dad back some of his money. I will be grateful when i have paid my dad back his money, and manage to keep all of my wages. I will be able to build some savings back up again then. x
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 1000 Consolidation 15,000 = 9,960 Total = 25,330 10,960 59% gone EMF #252 = 100/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

69Posts Today

2,236Users online

Martin's Twitter
  • 10 ways you should act now to beat April bill shocks - council tax UP, stamp prices UP, TV licence UP, energy bills? https://t.co/WiOWiogCCA

  • I have a confession to make... I think I now prefer Young Sheldon to The Big Bang Theory (or at least to the recent series). Am I alone?

  • RT @TDHPhotography: Thank you @MartinSLewis After seeing your show on Council tax exemption for severe mental disorders, after a brief batt?

  • Follow Martin