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  • FIRST POST
    • Nicnak
    • By Nicnak 10th Sep 17, 7:30 PM
    • 2,102Posts
    • 12,434Thanks
    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 47
    • Nicnak
    • By Nicnak 30th Sep 18, 6:05 PM
    • 2,102 Posts
    • 12,434 Thanks
    Nicnak
    Thank you everyone for your lovely messages today. I was posting just to gee me up about how to keep going because despite everything, I have made progress.

    It's my way of motivating myself and making myself see that despite how I am feeling, all is not lost.

    Things just feel overwhelming at the minute, but I am still functioning and still managing to make Christmas stuff start to happen and pay off things.

    Just trying to keep myself going. Sunday dread is kicking in already.
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 0 Consolidation 15,000 = 9,603 Total = 25,330 9,603 61% gone EMF #252 = 671/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
  • archived user
    I was in the toy shop yesterday as well taking advantage of the offer .

    As everyone has said you have had a difficult year , but have come so far. Life has thrown all sorts at you and you have come through. Cut yourself some slack you are doing brilliantly.
    • Nicnak
    • By Nicnak 30th Sep 18, 6:33 PM
    • 2,102 Posts
    • 12,434 Thanks
    Nicnak
    I was in the toy shop yesterday as well taking advantage of the offer .

    As everyone has said you have had a difficult year , but have come so far. Life has thrown all sorts at you and you have come through. Cut yourself some slack you are doing brilliantly.
    Originally posted by Cumbria lass
    A lot of parents that I saw were! 10 makes a huge difference to some people, and from what I could see, lots of people were taking advantage of the 40 off too. x

    I know, i get disheartened at what I could have achieved if things were so much different.
    My mortgage is now going to be a lot bigger than I every wanted, which makes me so sad, but I know that if I focus, I will get there. x
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 0 Consolidation 15,000 = 9,603 Total = 25,330 9,603 61% gone EMF #252 = 671/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 30th Sep 18, 8:29 PM
    • 9,747 Posts
    • 77,372 Thanks
    HairyHandofDartmoor
    You will definitrly get there and the year you've just been through will make you tougher and more able to deal with future challenges (that's what I tell myself anyway).
    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 = 4,105/5,000. EMERGENCY FUND 2 = 2,005/5,000.
    CHRISTMAS SAVINGS = 129.37/500
    PREMIUM BONDS ME = 100. PREMIUM BONDS DH = 50
    • Nicnak
    • By Nicnak 1st Oct 18, 12:12 PM
    • 2,102 Posts
    • 12,434 Thanks
    Nicnak
    You will definitrly get there and the year you've just been through will make you tougher and more able to deal with future challenges (that's what I tell myself anyway).
    Originally posted by HairyHandofDartmoor
    Yes, we need to get our heads up. x
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 0 Consolidation 15,000 = 9,603 Total = 25,330 9,603 61% gone EMF #252 = 671/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • enthusiasticsaver
    • By enthusiasticsaver 1st Oct 18, 12:49 PM
    • 8,571 Posts
    • 19,895 Thanks
    enthusiasticsaver
    A lot of parents that I saw were! 10 makes a huge difference to some people, and from what I could see, lots of people were taking advantage of the 40 off too. x

    I know, i get disheartened at what I could have achieved if things were so much different.
    My mortgage is now going to be a lot bigger than I every wanted, which makes me so sad, but I know that if I focus, I will get there. x
    Originally posted by Nicnak
    Small amounts make all the difference both in taking advantage of offers like the toy shop offer and when you are in a position to overpay the mortgage you will notice the difference. It is all down to priorities though and at the moment I think getting on an even keel mentally after your marriage breakdown and looking after your health is the most important. Interest rates are low thankfully so having a slightly bigger mortgage is not the end of the world. You may be in a totally different position in a few years time.
    Early retired in December 2017

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages and Endowments, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • Nicnak
    • By Nicnak 1st Oct 18, 5:24 PM
    • 2,102 Posts
    • 12,434 Thanks
    Nicnak
    Small amounts make all the difference both in taking advantage of offers like the toy shop offer and when you are in a position to overpay the mortgage you will notice the difference. It is all down to priorities though and at the moment I think getting on an even keel mentally after your marriage breakdown and looking after your health is the most important. Interest rates are low thankfully so having a slightly bigger mortgage is not the end of the world. You may be in a totally different position in a few years time.
    Originally posted by enthusiasticsaver
    Yes, thank you. I sincerely hope I am in a totally different position x
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 0 Consolidation 15,000 = 9,603 Total = 25,330 9,603 61% gone EMF #252 = 671/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • Nicnak
    • By Nicnak 1st Oct 18, 5:30 PM
    • 2,102 Posts
    • 12,434 Thanks
    Nicnak
    Tomorrow is D day for the mortgage. Fingers crossed. Stuff could still go wrong, and I am not taking for granted that it will go through.

    I have made today's mortgage payment so waiting on that to come back into my account too.

    Health wise, I am feeling pretty rubbish. I'm only on a phased return so working half days mostly. teaching 3 then off for 2 lessons. I'm still planning the other two lessons, and it is starting to take its toll again. I was told that I looked awful today by someone. Not in a rude way, but in genuine concern.

    Little one is full of a cold and cough and was up and down till about 1am when she eventually got in my bed and fell asleep about 2am. My alarm woke me at 6am. I was exhausted and then in work trying to function and teach. It's so hard.

    I'll get through it. x
    Last edited by Nicnak; 01-10-2018 at 5:35 PM.
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 0 Consolidation 15,000 = 9,603 Total = 25,330 9,603 61% gone EMF #252 = 671/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • Nicnak
    • By Nicnak 1st Oct 18, 5:52 PM
    • 2,102 Posts
    • 12,434 Thanks
    Nicnak
    Just cashed in some points for 3 PayPal and 10 Amazon voucher to add to my 15 already got. That will be a great start to my Christmas wrap up list for little one and my nephew.

    I'm owed 260 from a cash back site (fingers crossed I get it!) before Christmas. That will make a difference to me if it comes in.

    I have found on MSE's main site that you can get lots of treats for your birthday for free. It is my birthday in 21 days so going to get my free eyebrow wax at the Traff Car, an oxygen mask blast thingy, free boost juice and various other things.

    I have allergy testing tomorrow night so will see how that goes. Thats 50, but has to be worth it to sort out my health.

    I should be tutoring twice this week and also child benefit is due next Monday so usually in my account by Saturday. Little one was too poorly for dancing tonight so that was 5 saved.

    Going to use any birthday money to buy myself a nice dressing table to go in my bedroom. Fingers crossed I have enough to cover it.

    I love it when i can see progress or feel like I am achieving something with huge things like Christmas.

    I'm debating whether to get the supermarket bonuses or not. I would get 6 from Mr T if I did that one, which doesn't sound much, but could be a treat for little one.

    Penny jar had around 20 in. Nowhere near as much as previous. I have started to make a huge effort to put my change in there to make it more like 40 before Christmas.

    I'm in bed already. Exhausted from last night and today. Just relaxing with my heated blanket but it is making me feel all cosy. i won some money on bingo too. I got the deposit 10 and get 40 free play thingy. I tend to withdraw when I get back o 10 so that I never over spend. Nothing new with this bingo site as I have managed to secure 20 out of it now. Doubling money is not to be sniffed at! I guess it's all about discipline really and not just spending it because it is in there.

    Goodnight everyone.
    Last edited by Nicnak; 01-10-2018 at 5:55 PM.
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 0 Consolidation 15,000 = 9,603 Total = 25,330 9,603 61% gone EMF #252 = 671/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 1st Oct 18, 9:05 PM
    • 9,747 Posts
    • 77,372 Thanks
    HairyHandofDartmoor
    No wonder you feel tired after four hours sleep and then a day at work. I hope you get a longer night's sleep tonight and feel better tomorrow.
    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 = 4,105/5,000. EMERGENCY FUND 2 = 2,005/5,000.
    CHRISTMAS SAVINGS = 129.37/500
    PREMIUM BONDS ME = 100. PREMIUM BONDS DH = 50
    • Nicnak
    • By Nicnak 2nd Oct 18, 6:42 PM
    • 2,102 Posts
    • 12,434 Thanks
    Nicnak
    House is mine!
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 0 Consolidation 15,000 = 9,603 Total = 25,330 9,603 61% gone EMF #252 = 671/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 2nd Oct 18, 7:15 PM
    • 9,747 Posts
    • 77,372 Thanks
    HairyHandofDartmoor
    House is mine!
    Originally posted by Nicnak
    Congratulations
    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 = 4,105/5,000. EMERGENCY FUND 2 = 2,005/5,000.
    CHRISTMAS SAVINGS = 129.37/500
    PREMIUM BONDS ME = 100. PREMIUM BONDS DH = 50
    • kindofagilr
    • By kindofagilr 4th Oct 18, 11:03 AM
    • 6,710 Posts
    • 22,725 Thanks
    kindofagilr
    I am so so so so pleased to see that the house is yours

    Now have some gentle (((hugs))) and I Hope you and the LO feel better soon and you are sleeping better 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)
    • Dorastar
    • By Dorastar 4th Oct 18, 11:08 AM
    • 2,011 Posts
    • 16,353 Thanks
    Dorastar
    Fab news
    Mr T 11026 Bank 524 Mortgage 160,000
    Emergency Fund 1000 Blanket squares 33/60
    3monthfund 5660.75/4737
    • Nicnak
    • By Nicnak 4th Oct 18, 6:24 PM
    • 2,102 Posts
    • 12,434 Thanks
    Nicnak
    Hi All,

    Well, I have been signed off by the dr again today. Another month. This time , I am going to take the whole month off, and maybe more if needed.

    I am exhausted trying to do the job, and cope with all the other things.

    I have at least 40 foods at the minute that I am intolerant to. completely out of sync mineral/hormone and other mineral things your body needs, as well as having a leaky gut, which is causing my body to react to everything.

    Most of this can be reversed, and will be reversed with the diet I am following as well as the supplements I am taking. it is just a case of time. The dr really listened to me today and took into account everything that I am going through. I am about to switch my alarm off and wake up when I wake up and take my little one to school.

    I'm a little concerned about the bills in the future, but genuinely just feel relieved. Like a weight has been lifted that the decision was taken out of my hands. The head sent me home to see the dr and then the dr said no more.

    I've been playing the one game of free bingo every night on one of the sites. I've not put any money in, just play the one game, and I won 50 tonight.
    That discipline I have really does pay off sometimes! A few more Christmas presents I think. I'm just waiting for it to go back into my account.

    Still waiting for the vouchers for the surveys to come through, plus the excess mortgage payment I made. My current debt minus my available cash currently stands at just over 10k. It hasn't been that low in a very long time.
    With the 600 coming back, and my next pay, it will be below the 10k mark. That is an amazing achievement for me.

    I'm going to have to be careful though, the boiler and the dishwasher are both playing up. Ex will take the hoover and the TV within the next few weeks as well so I'll need both of them things.

    I need to go to the bank tomorrow to pay in some cash. My parents paid for the testing this week. I do have to go back in a month so will prob have to be tested again for everything to check there has been an improvement.
    x
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 0 Consolidation 15,000 = 9,603 Total = 25,330 9,603 61% gone EMF #252 = 671/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • crunch_time
    • By crunch_time 4th Oct 18, 7:34 PM
    • 1,241 Posts
    • 3,986 Thanks
    crunch_time
    Sorry to hear you are having a rough time Niknak. You have been through loads so pleased that you are putting your feet up for a bit. Sounds like you have a supportive head. Try not to worry about the bills for now. Give yourself time not to think about that sort of stuff. Just rest.

    Crunchy x
    1/1/2019 Credit card debt = 17,955 now 15,280 Paid off 2675
    Husbands Virgin Card = 8780 now 7460
    My Virgin Card =3256 now 3150
    My HSBC card =5,919 now 4670
    Overdraft = 1700/1650
    Holiday balance 5200/4200
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 4th Oct 18, 7:42 PM
    • 9,747 Posts
    • 77,372 Thanks
    HairyHandofDartmoor
    I'm really pleased that you're signed off for a month. It will give you a chance to look after your health and get to grips with all the other things you're dealing with at the moment.

    Make sure you rest and look after yourself.
    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 = 4,105/5,000. EMERGENCY FUND 2 = 2,005/5,000.
    CHRISTMAS SAVINGS = 129.37/500
    PREMIUM BONDS ME = 100. PREMIUM BONDS DH = 50
    • Nicnak
    • By Nicnak 5th Oct 18, 9:28 AM
    • 2,102 Posts
    • 12,434 Thanks
    Nicnak
    Thanks all,

    I'm not normally a sick person, or one that uses a sick note. It's just not in my nature, but at the minute, I just can't help it. I know I am not well enough to work.

    I checked my balance again this morning and subtotal will all my bits I have -9971. It's under the 10k mark!

    I still have 603 due back from the mortgage. Plus, I have my wages coming in on the 15th, so at one point, my total assets vs debts will be down to -7000. When bills come out it will be higher, but that is lower than I have seen it for a long long time.

    Everyday is progress.

    I've eradicated all the foods I am allergic to from my diet now. So far, I am feeling so much better.
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 0 Consolidation 15,000 = 9,603 Total = 25,330 9,603 61% gone EMF #252 = 671/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 5th Oct 18, 12:28 PM
    • 9,747 Posts
    • 77,372 Thanks
    HairyHandofDartmoor
    You've been very ill so it's important to take the time you need.

    That's brilliant about getting the debt under the 10k mark .
    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 = 4,105/5,000. EMERGENCY FUND 2 = 2,005/5,000.
    CHRISTMAS SAVINGS = 129.37/500
    PREMIUM BONDS ME = 100. PREMIUM BONDS DH = 50
    • Nicnak
    • By Nicnak 5th Oct 18, 1:43 PM
    • 2,102 Posts
    • 12,434 Thanks
    Nicnak
    You've been very ill so it's important to take the time you need.

    That's brilliant about getting the debt under the 10k mark .
    Originally posted by HairyHandofDartmoor
    Thanks, Still a long way to go yet, but every step is a step in the right direction x
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 0 Consolidation 15,000 = 9,603 Total = 25,330 9,603 61% gone EMF #252 = 671/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
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