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  • FIRST POST
    • Nicnak
    • By Nicnak 10th Sep 17, 7:30 PM
    • 2,114Posts
    • 12,505Thanks
    Nicnak
    Debt Free Year
    • #1
    • 10th Sep 17, 7:30 PM
    Debt Free Year 10th Sep 17 at 7:30 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 92
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 15th Jun 19, 4:40 PM
    • 9,974 Posts
    • 79,242 Thanks
    HairyHandofDartmoor
    It must be very tough being a single mum but you do so well. Can anyone look after her for you while you buy the duvet?
    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
    • Nicnak
    • By Nicnak 16th Jun 19, 2:21 PM
    • 2,114 Posts
    • 12,505 Thanks
    Nicnak
    Thanks Hairy, some days I feel so alone.

    I managed to get her out and back again without incident, but today she has been sick again so I think school is off tomorrow.

    I braved a further shop away that was slightly cheaper for me and she was happy as they had bikes she could look at.

    I am desperately trying to mark to make up the money. I have bought her a bike for being good and putting up with the disruption whilst I mark. x
    September 6th 2017 - Updated February 2019
    Credit Card £0 now: £0 Dad £1500 = £0 Consolidation £15,000 = £8,900 Total = £25,330 £8,900 65% gone EMF #252 = £1000/£1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • kindofagilr
    • By kindofagilr 17th Jun 19, 12:26 PM
    • 6,720 Posts
    • 22,769 Thanks
    kindofagilr
    Bless her, I hope she feels better soon xx
    Current Debt £38,709.88/£44,856.56 ~ 13/06/19 - 13.70% Paid Off

    POAMAYC 2019 #87 £6582.44
    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)
    £81,513.70/£104,409.00 (as of 31/05/19) ~ 21.92% Paid Off

    Christmas Savings 19: £0
    Cyprus 19 Savings: £1200/£2000 ~ Centre Parcs 20 Savings: £0/£1000 Centre Parcs 20 Christmas: £0/£1000
    Emergency Savings: £100



    My Debt Free Diary (Link)
    • Nicnak
    • By Nicnak 18th Jun 19, 7:47 PM
    • 2,114 Posts
    • 12,505 Thanks
    Nicnak
    Little one is still ill so marking is a little stunted compared to normal. Thankfully I marked a lot at the weekend. I am just trying to do a little every day to get by!

    Hope everyone else is ok?
    XX
    September 6th 2017 - Updated February 2019
    Credit Card £0 now: £0 Dad £1500 = £0 Consolidation £15,000 = £8,900 Total = £25,330 £8,900 65% gone EMF #252 = £1000/£1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 18th Jun 19, 7:59 PM
    • 9,974 Posts
    • 79,242 Thanks
    HairyHandofDartmoor
    Sorry DD is still not feeling well. How is work going?
    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
    • Nicnak
    • By Nicnak 19th Jun 19, 8:18 PM
    • 2,114 Posts
    • 12,505 Thanks
    Nicnak
    Work is hectic. It's their busiest and most stressful time, so very much in at the deep end really. I'll get there.

    Little one has just started to feel better too.

    I am working extra every night at the minute. Hoping to get away this year somewhere lovely.

    It is a year ago today that I left ex. It all feels very surreal and I am not sure how I feel about it really. x
    September 6th 2017 - Updated February 2019
    Credit Card £0 now: £0 Dad £1500 = £0 Consolidation £15,000 = £8,900 Total = £25,330 £8,900 65% gone EMF #252 = £1000/£1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • Sunshine girl2
    • By Sunshine girl2 21st Jun 19, 3:42 PM
    • 194 Posts
    • 1,265 Thanks
    Sunshine girl2
    Glad to hear little one is better. Take a look at how far you have come in 12 months , then give yourself a pat on the back . Hope work is less stressful son for you.
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 22nd Jun 19, 9:22 PM
    • 9,974 Posts
    • 79,242 Thanks
    HairyHandofDartmoor
    It must feel strange Nicnak as anniversaries can stir up memories which can make you feel emotional. Next month it will be the one year anniversary of my mum dying and I don't know how I'll cope with that . But you've made a good life for yourself and little one and you're very resilient . You work very hard but when you feel more financially secure perhaps you can give yourself a bit more time to relax.
    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
    • kindofagilr
    • By kindofagilr 24th Jun 19, 12:07 PM
    • 6,720 Posts
    • 22,769 Thanks
    kindofagilr
    Hugs xx like the others have said, look at how far you have come, you are doing amazing xx
    Current Debt £38,709.88/£44,856.56 ~ 13/06/19 - 13.70% Paid Off

    POAMAYC 2019 #87 £6582.44
    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)
    £81,513.70/£104,409.00 (as of 31/05/19) ~ 21.92% Paid Off

    Christmas Savings 19: £0
    Cyprus 19 Savings: £1200/£2000 ~ Centre Parcs 20 Savings: £0/£1000 Centre Parcs 20 Christmas: £0/£1000
    Emergency Savings: £100



    My Debt Free Diary (Link)
    • Sunshine girl2
    • By Sunshine girl2 30th Jun 19, 4:32 PM
    • 194 Posts
    • 1,265 Thanks
    Sunshine girl2
    Hope you are ok ?
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 30th Jun 19, 4:56 PM
    • 9,974 Posts
    • 79,242 Thanks
    HairyHandofDartmoor
    How are things with you NIcnak?
    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
    • teafor2
    • By teafor2 30th Jun 19, 7:10 PM
    • 1,950 Posts
    • 15,242 Thanks
    teafor2
    Hi Nicnak, you sound like you've got a lot on your plate at the moment at home and at work. Hope things are calming down for you a little bit and it's not long until the holidays now. Have you started the new job yet and if so are you enjoying it? xx
    • Nicnak
    • By Nicnak 6th Jul 19, 7:22 AM
    • 2,114 Posts
    • 12,505 Thanks
    Nicnak
    Hi All,

    sorry I went off the grid. I have been working every day and marking every other time to try and get some stability financially.

    I have finished the compulsory marking now, so I am waiting to do extras to try and top up my income. It will be little and often and a lot less stress. We break up in two weeks, and I am planning on going on holiday now as well. I have sent little one's passport off as it is needing renewal. x
    September 6th 2017 - Updated February 2019
    Credit Card £0 now: £0 Dad £1500 = £0 Consolidation £15,000 = £8,900 Total = £25,330 £8,900 65% gone EMF #252 = £1000/£1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • Sunshine girl2
    • By Sunshine girl2 6th Jul 19, 10:58 AM
    • 194 Posts
    • 1,265 Thanks
    Sunshine girl2
    Lovely to hear from you. A holiday sounds a good idea , where do you fancy ?
    • Nicnak
    • By Nicnak 6th Jul 19, 12:21 PM
    • 2,114 Posts
    • 12,505 Thanks
    Nicnak
    I'm not sure. I am trying to keep it below £500 each. I think I should be able to get something. I don't really mind where, but do feel like I need to get away and just have some time out.

    As you know, I get very little, and have changed jobs twice in the last 6 months alone. This week I have realised how much I do. I was able to sit and relax on two nights and read a book (I know!). Marking has finished for now, and I have completed other pieces of work. I was genuinely amazed.

    It reminded me of what I am working for.

    I don't think I told you all either that I got given a bike. It is in quite good condition. I bought little one a new one as hers was far too small. I bought it with my first bit of exam marking money as a way to show her that I appreciate her patience whilst I am away and also that I need to do extra to ensure she gets things too.

    I have paid off some bits and pieces with the money I got from double pay.
    I have given my mum money for Christmas so that is already paid. I just need to get it off her at Christmas. I have paid around £500 of debt, bought little one her new school uniform for September, apart from PE kit and shoes (her feet might grow so no point yet).
    I have indulged a little and spent some money on myself. I also bought some gin. I have gone back to cutting down though, and can see that I have little pots of money here and there. I have enough for the holiday as well. I will be going with my new partner so that will make a huge difference.

    I have got a new dining room table, outdoor furniture set, and my new partner has brought his tools, coffee machine, and a few other bits to help in the house. I have replaced most of the garden tools as well. He has said he will replace the others.

    Ex is moving house again in a week or so. I have asked for the electric strimmer back. I don't think I will get it, but I have asked for him to let me have it. Considering the garage things were never agreed on and he took them all, I am hoping he will return them, but he is showing all the signs of being difficult at the minute.

    My new guy is being amazing at getting me some things and bringing things to help.

    My next big item is a freezer for the garage to store food so I can do one big shop a month and then little top up ones. I am buying in bulk to help with things.

    Hope everyone else is ok? x
    September 6th 2017 - Updated February 2019
    Credit Card £0 now: £0 Dad £1500 = £0 Consolidation £15,000 = £8,900 Total = £25,330 £8,900 65% gone EMF #252 = £1000/£1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 6th Jul 19, 6:07 PM
    • 9,974 Posts
    • 79,242 Thanks
    HairyHandofDartmoor
    I'm glad you can begin to take your foot off the gas a little Nicnak, you do work so incredibly hard. Glad you've been able to get a few things you need for the house too .

    I hope you manage to find a reasonably priced holiday.
    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
    • Nicnak
    • By Nicnak 7th Jul 19, 5:46 AM
    • 2,114 Posts
    • 12,505 Thanks
    Nicnak
    Thanks Hairy, I have been looking and pretty sure I can. I am just waiting for her passport to come through and then I can book it.

    I don't feel as overwhelmed this year. I have got her uniform already, her a new bike as her treat, and have paid for Christmas. I've had a blip in spending on me, but my loan is less than 9k now. I still have the sofa, which I haven't put on my debt sheet. It is interest free and around £1200. I have been trying to login and over pay for a while, but I can't seem to get in. That will be my next job over the summer to sort out. I plan on paying off some of it. I want to pay more off the loan because I have interest on that.

    I am off to update my signature with the new loan amount. By Christmas, I am hoping to have paid a hell of a lot more off my loan. At least another 2k. That will mean that the equity in the car would pay off the loan if needed. That will be a lovely position to be in!

    x
    September 6th 2017 - Updated February 2019
    Credit Card £0 now: £0 Dad £1500 = £0 Consolidation £15,000 = £8,900 Total = £25,330 £8,900 65% gone EMF #252 = £1000/£1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • DancingInTheRain
    • By DancingInTheRain 7th Jul 19, 5:58 AM
    • 135 Posts
    • 371 Thanks
    DancingInTheRain
    Hi Nicknak
    Long time lurker here I hope you donít mind me popping in but just wanted to say how much I admire you & the way you tackle everything life has thrown at you, your daughter is very lucky to have a mum like you. A holiday sounds like a lovely idea after hard work youíve put in recently & you sound like you have a solid plan to keep bringing your debt down, very inspirational & I wish you well xx
    01/06/19 Total Debt £13,636 £12,872
    CC1 (0% to June 2020) £2,708/£2,297 CC2 (0% to October 2020) £5,978/£5,850 Family Loan £4,950/£4,725
    • Nicnak
    • By Nicnak 7th Jul 19, 7:37 AM
    • 2,114 Posts
    • 12,505 Thanks
    Nicnak
    Hi Nicknak
    Long time lurker here I hope you donít mind me popping in but just wanted to say how much I admire you & the way you tackle everything life has thrown at you, your daughter is very lucky to have a mum like you. A holiday sounds like a lovely idea after hard work youíve put in recently & you sound like you have a solid plan to keep bringing your debt down, very inspirational & I wish you well xx
    Originally posted by DancingInTheRain
    Thank you. I often feel like I am just rambling away!

    I try and be positive, but as you have probably read, the last year has tested every single ounce of positivity I have.

    I am reading a new book called 'Feel the fear and do it anyway'. It inspired me to apply for the other job, which as you know, I secured! It's also inspiring me to work harder towards what I want to achieve, and setting those goals every single day.

    I don't naturally see myself as an inspiration or something to be admired. I think most people in my situation would have had to survive regardless of anything and would have coped just the same.

    I am hoping I get the holiday too. The holiday I shortlisted has increased in price by £500 so I won't be going there. I am sure something else will come up.

    Take care, and thank you for posting. x
    September 6th 2017 - Updated February 2019
    Credit Card £0 now: £0 Dad £1500 = £0 Consolidation £15,000 = £8,900 Total = £25,330 £8,900 65% gone EMF #252 = £1000/£1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • Nicnak
    • By Nicnak 13th Jul 19, 10:10 AM
    • 2,114 Posts
    • 12,505 Thanks
    Nicnak
    I've booked a holiday!!

    £500 each all inclusive for a week. I'm really pleased with that.
    I've got 6 days pay from my other company and a full month from my current, which is great.

    I started divorce proceedings as well. That will set me back financially, but needs to be done.

    Xx
    September 6th 2017 - Updated February 2019
    Credit Card £0 now: £0 Dad £1500 = £0 Consolidation £15,000 = £8,900 Total = £25,330 £8,900 65% gone EMF #252 = £1000/£1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
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