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  • FIRST POST
    • dipdap
    • By dipdap 1st Oct 14, 1:22 PM
    • 6,113Posts
    • 88,511Thanks
    dipdap
    Working towards being debt free, a new house and now beyond!
    • #1
    • 1st Oct 14, 1:22 PM
    Working towards being debt free, a new house and now beyond! 1st Oct 14 at 1:22 PM
    This could be a long post with a lot of rambling as I'm not sure where to start.

    Me and DH currently owe £26,059 (I know right down to the penny what we owe ) and are working our backsides off to clear it all away
    This is only a fraction of what we originally owed. I've decided to post on here (it's taken me 18 months since I joined mse to finally feel confident enough to write everything down on here) as I need it to serve as a reminder to me to keep ploughing through this debt as we both really want that end goal.

    I'll start at the beginning way back in 1999.
    We did as many people have in their twenties and ignored our parents advice and spent money we didn't have. I finally realised the extent of our debt when i signed up to check our credit reports in 2009 (for both me and DH) and saw in black and white the amount we owed. My memory is a little hazy but a recent calculation has set the figure at £68,000 in early 2009. This was the peak of our debts and i was a figure I've been scared to utter for many years since. Nobody knows exactly how bad we were, just me and after a few months DH (I initially kept it to myself while i tried to get my head round everything).
    Like many other people I have no idea where some of it has gone (3 brand new cars over the years account for quite a bit).
    On top of that we have a house which was bought for £30,000 many years ago and after remortgaging a few times (yes I know how stupid it was) the mortgage ended up at £100,000

    Seeing this written down makes me feel sick but I've felt the need to post it here to serve as a reminder to myself and DH that we will not make the same mistake again down the line.
    I set myself up a spending diary in January 2013 (back then it was a little notebook, today I have a 2014 diary) which documents every penny we spend and all money that comes in.
    I've just totted up how we've handled our debt in the last 5 years (using the free to access credit report)
    *edited to include a couple more years *

    2009 = £63600
    2010 = £62200
    2011 = £55200
    2012 = £47900
    2013 = £37600
    2014 = £26000
    2015 = £7520
    2016 = £2500

    In the last couple of months we've had an agreement in principle on the mortgage for the new house we want to buy (new build, not very mse i know) and we have about £38k in equity in this house, so the new mortgage is on the proviso that we clear all our debts before we move (I know a mortgage shouldn't be used to clear debts, but we're happy to go down that route as any spare money when we move will be used to overpay and bring down the balance).

    Sorry for rambling, we have gone it alone in clearing off the debt, I've posted on here as money recently has become less tight as monthly commitments have been removed. I don't want us to become complacent, we can keep working on this debt

    I wish I'd posted this at the start of last year, but at the same time I just couldn't bring myself to write it down
    Last edited by dipdap; 05-01-2017 at 10:50 AM. Reason: Adding new figures
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
Page 2
    • bubbs
    • By bubbs 5th Oct 14, 1:04 PM
    • 51,164 Posts
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    bubbs
    Hello
    Just checking you are updating
    You are doing so well and i KNOW you will do it as your determined and like colouring those squares in
    Sealed pot challenge number 242 £350 for 2015, 2016 £400 Actual£345, £400 for 2017 Actual £500
    Stopped Smoking 22/01/15
    :5 st 1 1/2lb
    • banwa
    • By banwa 5th Oct 14, 1:45 PM
    • 948 Posts
    • 2,400 Thanks
    banwa
    I love reading the diaries of people with similar amounts of debt to me, even though you are clearly managing your money much better then me, which is why you are making such fantastic inroads. Keep giving me inspiration


    Banwa
    Debt £26k 18/10/14
    • dipdap
    • By dipdap 5th Oct 14, 11:59 PM
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    dipdap
    Lunch break from work so will jot down my spending from today

    £3.54 on food shopping (my grocery order online was delivered, paid most of it with gift cards and vouchers I already had )
    £3.00 on basketball club
    £8.20 on a 3DS game (one of the kids wanted a new game, actual cost was £25.20 but they gave me £17 cash towards it, I'll probably forget the £8 they owe me in the end )

    Total spend for the day = £14.74

    That's it cheap day
    Better eat my dinner and get back to work
    Last edited by dipdap; 06-10-2014 at 12:01 AM.
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
    • dipdap
    • By dipdap 6th Oct 14, 12:44 PM
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    • 88,511 Thanks
    dipdap
    Morning all, thanx for reading
    Bubbs, I know you will help keep me on the straight and narrow
    Banwa, I know what you mean, I find myself sitting looking through the diaries for ones similar to our situation, I love reading the stories where people have turned their debt mountain around

    I forgot I haven't mentioned my squares on here
    I found some squared paper my kids use for maths homework and I use it to make myself targets to hit, I colour in a square for every £10 cleared off our debts, so far I've coloured in 2 whole pictures and am now on my third
    Last edited by dipdap; 06-10-2014 at 1:05 PM.
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
    • dipdap
    • By dipdap 6th Oct 14, 7:45 PM
    • 6,113 Posts
    • 88,511 Thanks
    dipdap
    Right, better jot down those pesky spends from today.
    Been a bit of an expensive one

    £68.58 on laminate (for the hallway)
    £4.50 on dancing
    £26.10 on anti-virus (5 user licence, will get some of this money back off the person I'm sharing the licence with)
    £6.89 on food (bread, fizzy pop, cake bars)
    £3.94 on ciggys

    Total spend for the day = £110.01

    Overall It looks worse but when it's broken down it's not so bad.
    The anti virus is 4 licences for us and 1 for someone else so I probably get a fiver back for that
    The overall cost of the laminate may come down, we've bought the same style as we used in one room already (we had one pack of that left over and couldn't take it back for a refund) so hopefully the hallway shouldn't cost a massive amount to finish (I did allow us a £200 budget for the kitchen and hallway so it's on target so far )

    On the plus side we took a load of old DVDs in for trade in so now the kids have some new games to play for free
    The house is so peaceful tonight
    Last edited by dipdap; 07-10-2014 at 1:55 PM.
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
    • dipdap
    • By dipdap 6th Oct 14, 11:07 PM
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    • 88,511 Thanks
    dipdap
    Hello diary
    I'm currently laying in bed (next to a snoring DH ) can't sleep, think money worries are niggling again
    I know there's light at the end of the tunnel. We can do this

    Meal plan is going fine so far (needs a bit of tweaking, I forgot Saturday and Sunday lunches, oops! )
    Plan for tomorrow, finish painting the small bedroom, hopefully gloss all woodwork in our bedroom, do the washing up (normally gets left for DH when he gets home) do at least one run of washing, pack away all the boxes stacked up for the loft, vacuum top to bottom, clean bathroom and toilet.
    Double check how much money is left until payday

    Feel much better now I've got that off my chest, should be able to sleep now just gonna poke DH until he stops snoring
    Night diary
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
    • dipdap
    • By dipdap 7th Oct 14, 12:43 PM
    • 6,113 Posts
    • 88,511 Thanks
    dipdap
    Hello diary
    Well I'm working my way through my late night list (I think I may have been a wee bit optomistic! )
    Washing up
    Washing Rather proud of myself, third wash is just running through the machine
    Clean toilet
    Vacuum top to bottom Lounge still needs doing, kids can do that later as it's cluttered with all their toys
    Clean bathroom

    Still to do

    Painting small room
    Glossing woodwork
    Pack boxes

    Other things to do today.

    Meal plan for next week
    Work out remaining money till payday
    Last edited by dipdap; 07-10-2014 at 1:45 PM.
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
    • MrsSmith2013
    • By MrsSmith2013 7th Oct 14, 2:18 PM
    • 483 Posts
    • 522 Thanks
    MrsSmith2013
    Hi dipdap, well done on getting through your list - my motivation is goodness knows where today, I think all the rain we are having has washed it away!!

    I do love a list though, I have done one for October so we'll see how much of it I actually get done.

    Keep up the good work and the motivation!!

    Mrs S x
    1st Jan 2014 £20,600 / 1st Jan 2015 £15,572.90
    **Feeling Hopeful that 2015 will be our Debt Free Year**
    • dipdap
    • By dipdap 7th Oct 14, 5:33 PM
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    • 88,511 Thanks
    dipdap
    Hi Mrs S
    I know most of my list was completely unrelated to being debt free, but I do like being occupied, it stops me from spending money
    My meal plans gone a bit wrong today, I forgot to buy the buns for the burgers so we've had tomorrow's curry today and I'll do burgers tomorrow instead
    Did my figures and worked out after all direct debits, dancing, basketball and ciggys we have £600 till payday. This has to cover fuel, groceries, the kitchen flooring (think that's about £150) and anything else that may crop up I haven't accounted for. I'm hoping there's a couple of hundred spare by payday as I'd love to lop more off the card but rare probably won't be
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
    • bubbs
    • By bubbs 7th Oct 14, 7:15 PM
    • 51,164 Posts
    • 616,546 Thanks
    bubbs
    Hello Dip
    Good girl updating
    You know if you have £200 left or £20 if its an extra payment it does not matter It will still be extra
    Pace yourself with it , i know you want rid but you dont want to fall off the wagon, slowly, slowly
    Sealed pot challenge number 242 £350 for 2015, 2016 £400 Actual£345, £400 for 2017 Actual £500
    Stopped Smoking 22/01/15
    :5 st 1 1/2lb
    • dipdap
    • By dipdap 7th Oct 14, 11:18 PM
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    dipdap
    Awwwww you're still checking up on me Bubbs
    Right spending for the day is as follows

    £42.01 on fuel
    £11.97 on chipped bark for the back garden
    £6.64 on food

    Total spend for the day = £60.62

    Expensive days like this one really hurt
    Fuel should last a week
    The bark is the last thing we need for the garden, it's to go on the path around the slabs we have laid already, then after a quick weed of the veggie patch and fitting the new hinges to the gate my garden will be finished
    Food shopping consisted of bread, milk, sliced meat, cereal and burger buns for tomorrow. The kids always seem to go through cereal super fast when I have it in the house, you can guarantee one runs out before the end of the week

    Better get my bum to bed, I have a day of painting tomorrow. Need to do the jobs I didn't do today
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
    • dipdap
    • By dipdap 8th Oct 14, 8:10 AM
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    • 88,511 Thanks
    dipdap
    Good morning diary
    Well it's been a week since I first started writing here and my confidence level is still high

    Had to put the heating on this morning apparently kids find it hard to eat cereal while wearing 5 jumpers.
    Right, to do list for the day is as follows...

    Gloss woodwork in my room
    Paint walls in small room
    Pack up boxes for loft
    Work out spending breakdown for the last week
    Read and subscribe to 5 diaries (I keep reading different ones but then forget where they are)
    Sort meal plan for next week
    Place online shopping order
    Sort voucher folder
    Vacuum lounge seeings as nobody did it for me yesterday

    Just noticed it's started raining and my washing is out on the line, meh! School run is going to be a barrel of laughs this morning
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
    • Dobbibill
    • By Dobbibill 8th Oct 14, 9:01 AM
    • 2,914 Posts
    • 3,901 Thanks
    Dobbibill
    Good morning diary
    Well it's been a week since I first started writing here and my confidence level is still high

    Had to put the heating on this morning apparently kids find it hard to eat cereal while wearing 5 jumpers.


    This made me chuckle........


    Right, to do list for the day is as follows...

    Gloss woodwork in my room
    Paint walls in small room
    Pack up boxes for loft
    Work out spending breakdown for the last week
    Read and subscribe to 5 diaries (I keep reading different ones but then forget where they are)
    Sort meal plan for next week
    Place online shopping order
    Sort voucher folder
    Vacuum lounge seeings as nobody did it for me yesterday

    Just noticed it's started raining and my washing is out on the line, meh! School run is going to be a barrel of laughs this morning
    Originally posted by dipdap

    I love a good to-do list good luck with that, it's going to take a while (5 diaries = time will fly by)

    I hope you have a productive day

    DB
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.


    It's not about being the best -
    It's about being better than you were yesterday.
    • dipdap
    • By dipdap 8th Oct 14, 9:44 AM
    • 6,113 Posts
    • 88,511 Thanks
    dipdap
    Good morning DB
    I do like my lists, usually I never manage to finish them but the thought is there
    School run done, house is now silent, just me, the TV and umpteen cups of tea
    Best get this painting started
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
    • dipdap
    • By dipdap 8th Oct 14, 11:06 PM
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    • 88,511 Thanks
    dipdap
    Good evening diary
    So what has today held for me?
    Well my to do list didn't go to well, I pretty much read it, ignored it and did my own thing (I'm having a rebellious day, muhahahaha!)
    Unfortunately this does mean it carries over to tomorrow.
    So what have I actually got done.

    I did start glossing the skirting boards in my room, but this was only after I'd glossed the staircase. Genius moment kicked in and I did it while nobody else was in the house, only problem is it still hadn't dried 5 hours later and one of the kids still managed to put a hand print in it.
    I did nothing else on my list I did point out to DH that nobody had done the lounge like I asked, got a huge apology and as I look around the room now it still hasn't been done. I may have to scoop all the toys out which are hiding under the sofa and hide them under his duvet tomorrow
    We did manage to put a new hinge on the gate which wasn't on the list so I suppose all is not lost.
    Meal plan still going well, need to start writing next weeks and sort that online shopping out

    Spending for today...

    £13.00 on kids school meals (pre loading PAYG accounts)
    £3.94 on ciggys (DH not me, I'm a good girl )
    £0.49 on a bottle of milk

    Total spend for the day = £17.43

    Not to bad over all today
    The kids have been nagging me to give them money for dinner, one of the accounts I can top up online but it's a minimum of a tenner, hence the high amount.
    Also paid £55 odd off my loan, I like to work with round numbers and the interest had been added on, it bugs me every month if I don't do it

    Just catching up with bake off before I go bed, must remember not to read too much of the forum before I find out who's won
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
    • dipdap
    • By dipdap 9th Oct 14, 7:39 AM
    • 6,113 Posts
    • 88,511 Thanks
    dipdap
    Morning diary
    Well I've just sat down with a pen and paper and worked out my spending breakdown for the first 7 days of the month

    £79.74 groceries
    £42.01 fuel
    £21.50 clubs
    £5.12 on eating out

    £28.00 on footy shirts (one of these has now been dispatched, the other may still be cancelled)
    £7.05 on bus fares
    £8.20 on a game
    £26.10 on anti virus (I'm still owed a fiver or so for part of this)
    £92.55 on diy

    The bottom part of the list isn't a regular occurrence (although diy will keep popping up for a while)
    Need to try and reign it in for a couple of weeks, pay days still quite a way away
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
    • Dobbibill
    • By Dobbibill 9th Oct 14, 8:01 AM
    • 2,914 Posts
    • 3,901 Thanks
    Dobbibill

    £42.01 fuel
    Originally posted by dipdap
    Ah like me, someone else who goes over by a penny at the pump
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.


    It's not about being the best -
    It's about being better than you were yesterday.
    • dipdap
    • By dipdap 9th Oct 14, 2:02 PM
    • 6,113 Posts
    • 88,511 Thanks
    dipdap
    Ah like me, someone else who goes over by a penny at the pump
    Originally posted by Dobbibill
    Funny thing was I was sat in the car (as I had to pay for fuel from my bank account) and it showed £41.99 on the pump, so I wound DH up as it wasn't a nice round number.
    at least it made remembering how much was spent on fuel easier
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
    • dipdap
    • By dipdap 10th Oct 14, 7:51 AM
    • 6,113 Posts
    • 88,511 Thanks
    dipdap
    Good morning diary
    Forgot to write down my spending breakdown for yesterday

    £13.00 on dancing
    £2.93 on some seed for the garden
    £2.78 on milk, bread and cereal bars

    Total spend for the day = £18.71
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
    • dipdap
    • By dipdap 10th Oct 14, 9:17 AM
    • 6,113 Posts
    • 88,511 Thanks
    dipdap
    Right meal plan for the next week

    Monday - beans on toast
    Tuesday - gammon & chips
    Wednesday - fish & chips
    Thursday - pizza
    Friday - spag bol
    Saturday - sandwiches (lunch) sausage & chips (tea)
    Sunday - Freezer rummage Sunday (dinner) bacon sambos (tea)
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
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