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  • FIRST POST
    • Nicnak
    • By Nicnak 10th Sep 17, 7:30 PM
    • 2,313Posts
    • 14,008Thanks
    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 90
    • Nicnak
    • By Nicnak 4th May 19, 8:13 AM
    • 2,313 Posts
    • 14,008 Thanks
    Nicnak
    I have just worked out my new pay difference. It is 8648 a year more. I actually wont see much of a difference in my pay packet as I have my pension now going out at around 300 a month, but at least I know I am back on track to have a pension.

    I wasn't in my overdraft this time last month, but I did buy one of those reading pens the week after and that really pushed me into it. If I am minus 150 by the 15th I will be ok with that. If I can reduce it down every month, then that is good and what I need.

    I need to get cracking with work!! Got to earn those extra pennies somehow! x
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 0 Consolidation 15,000 = 8,200 Total = 25,330 8,200 67% gone EMF #252 = 500/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 4th May 19, 1:42 PM
    • 10,567 Posts
    • 84,356 Thanks
    HairyHandofDartmoor
    It will be good to be paying into your pension again so that's a good use of the extra money . When do you start the new job?
    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 = 3,000/5,000. EMERGENCY FUND 2 = 1,505/5,000.
    CHRISTMAS SAVINGS = 159.37/500
    PREMIUM BONDS ME = 200. PREMIUM BONDS DH = 200
    • Nicnak
    • By Nicnak 4th May 19, 5:15 PM
    • 2,313 Posts
    • 14,008 Thanks
    Nicnak
    Officially the 1st September Hairy. Possibly a little earlier x
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 0 Consolidation 15,000 = 8,200 Total = 25,330 8,200 67% gone EMF #252 = 500/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • Sunshine girl2
    • By Sunshine girl2 4th May 19, 8:15 PM
    • 344 Posts
    • 2,217 Thanks
    Sunshine girl2
    I'm not sure if I congratulated you on your new job, so well done. The extra money will be worth it in the end if you are contributing to a good pension. If you think where you were 12 months ago and where you are now, you should be so proud. Don't worry to much about the money , it's not long till payday.
    Enjoy your BH weekend.
    • Nicnak
    • By Nicnak 5th May 19, 6:27 AM
    • 2,313 Posts
    • 14,008 Thanks
    Nicnak
    Thanks Sunshine xx
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 0 Consolidation 15,000 = 8,200 Total = 25,330 8,200 67% gone EMF #252 = 500/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • Nicnak
    • By Nicnak 6th May 19, 5:17 AM
    • 2,313 Posts
    • 14,008 Thanks
    Nicnak
    Morning all,

    I have survived the weekend not spending very much. I spent 12 yesterday on some tea and a few drinks with my sister. I also do need to get some shopping in today. Little one needs lunch stuff and I need a few bits and pieces too. I am hoping for around a 25 spend maximum. Hopefully it will be doable. x
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 0 Consolidation 15,000 = 8,200 Total = 25,330 8,200 67% gone EMF #252 = 500/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 6th May 19, 7:28 PM
    • 10,567 Posts
    • 84,356 Thanks
    HairyHandofDartmoor
    Well done on having a frugal weekend Nicnak. I hope today's shopping wasn't too expensive.
    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 = 3,000/5,000. EMERGENCY FUND 2 = 1,505/5,000.
    CHRISTMAS SAVINGS = 159.37/500
    PREMIUM BONDS ME = 200. PREMIUM BONDS DH = 200
    • Nicnak
    • By Nicnak 7th May 19, 6:12 PM
    • 2,313 Posts
    • 14,008 Thanks
    Nicnak
    Well done on having a frugal weekend Nicnak. I hope today's shopping wasn't too expensive.
    Originally posted by HairyHandofDartmoor
    It wasn't. 27, which is good. I also found out I have won the postcode lottery. Only 10, but it helps.

    Extra work currently owes me around 180 in expenses.

    I am currently minus 80. I have 10 due from the postcode lottery, 9 expensive from work and also 60 work this week. I get paid on the 15th so the money this week will go on shopping and food. I need to live frugally this weekend too, even though boyfriend is up. I picked up some bits in the shopping this week to feed us on Thursday night and Saturday night as well. I plan on cooking Thursday and Saturday, which will be great for money. He'll cook Friday night.

    Little one is at a party Saturday afternoon so there will be no expensive day out like last time. xx
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 0 Consolidation 15,000 = 8,200 Total = 25,330 8,200 67% gone EMF #252 = 500/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • kindofagilr
    • By kindofagilr 8th May 19, 12:28 PM
    • 6,721 Posts
    • 22,815 Thanks
    kindofagilr

    In other news, I had a job interview on Thursday for a very similar to job to my own, but for a 7k-8k pay rise, better benefits and more flexible working.

    Well, I got it!!! I didn't expect too. It means I can tutor less so have more time with my little one. I am absolutely over the moon.
    Originally posted by Nicnak
    This is excellent news!!!! yay 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 May 19, 8:57 AM
    • 2,313 Posts
    • 14,008 Thanks
    Nicnak
    Hi all,
    Busy week,again!

    I've sold my laptop as I wasn't using it properly. I got 500 for it and put it straight in savings. It took me out of my overdraft, which was standing at -269. I was owed expenses and mileage which would have brought me down to -200. Not ideal,but better than the previous month and I'm always trying to make progress

    I've paid my dad off now and I'll buy a new laptop from my business funds. It'll be a basic one though.

    I might be starting my. We job earlier, which is great pay wise. I'm just waiting on a call to see.
    X
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 0 Consolidation 15,000 = 8,200 Total = 25,330 8,200 67% gone EMF #252 = 500/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • Sunshine girl2
    • By Sunshine girl2 18th May 19, 9:06 AM
    • 344 Posts
    • 2,217 Thanks
    Sunshine girl2
    Well done on paying your dad off. Sometimes a simple laptop is all you need unless you need fancy apps etc.

    Great news on starting your new job earlier if it comes off.

    A friends daughter is in hospital with sepsis at the moment , it reminded me of you. Have a great weekend .
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 18th May 19, 6:35 PM
    • 10,567 Posts
    • 84,356 Thanks
    HairyHandofDartmoor
    That sounds like a good idea to sell the laptop Nicnak if you only need a simple one and it must feel good to have paid your dad back.

    I hope you can start the new job soon to help with the finances.

    Hope you're having a lovely family weekend .
    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 = 3,000/5,000. EMERGENCY FUND 2 = 1,505/5,000.
    CHRISTMAS SAVINGS = 159.37/500
    PREMIUM BONDS ME = 200. PREMIUM BONDS DH = 200
    • Nicnak
    • By Nicnak 19th May 19, 8:05 AM
    • 2,313 Posts
    • 14,008 Thanks
    Nicnak
    Thanks both.

    It was expensive to just go on the internet with!
    My dad is letting me have his laptop now too,so more money saved!

    It was this time last year I had sepsis. I was in hospital this time last year for a week.

    Not sure what is happening with new job yet. Hopefully, this week will reveal more to me. Fingers crossed anyway!
    Xx
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 0 Consolidation 15,000 = 8,200 Total = 25,330 8,200 67% gone EMF #252 = 500/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • teafor2
    • By teafor2 19th May 19, 1:26 PM
    • 2,306 Posts
    • 18,031 Thanks
    teafor2
    Hi Nicnak, everything is sounding very positive Hope you hear about the job this week so you know what you're doing. Do you find you're re-living being in hospital or have you managed for the most to put it out of your mind?

    Hope you and DD have had a lovely weekend and that things with ex are getting better as time goes on. xx
    • Nicnak
    • By Nicnak 24th May 19, 5:05 PM
    • 2,313 Posts
    • 14,008 Thanks
    Nicnak
    Hi all,

    I still don't have a laptop so find it hard to get on here.
    I start my new job on the 10th June. Luckily for me, it means I get double pay in June because I worked a month here before being paid. I've already paid my dad off so it'll pay the sofa off. That's one less debt.

    I've decided to take four days off though before starting my new job, which means I lose a few hundred,but for my mental health, I think it's best. I'm working examining again so that will mean hard work for a few months.

    I've managed to replenish my savings to an ok level and this is a focus of mine over the next few months.

    I'm finding it hard to be honest. I'm reliving it and for some reason I keep seeing articles on sepsis and the consequences. I'm also having appointments at the hospital and have to walk past the room where I was, which is tough as well. Ive had a reaction tonight as well so it's not getting easier!!

    Financially, I'm hoping I stay in this better position. Even losing four days pay!!

    Xx
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 0 Consolidation 15,000 = 8,200 Total = 25,330 8,200 67% gone EMF #252 = 500/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 24th May 19, 6:35 PM
    • 10,567 Posts
    • 84,356 Thanks
    HairyHandofDartmoor
    I'm sorry you're finding the anniversary tough Nicnak. I'm sure you will find it easier in time though, firsts are always the most difficult.

    Great news on getting paid twice in June and I think it's a good plan to have a couple of day off first.

    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
    EMERGENCY FUND 1 = 3,000/5,000. EMERGENCY FUND 2 = 1,505/5,000.
    CHRISTMAS SAVINGS = 159.37/500
    PREMIUM BONDS ME = 200. PREMIUM BONDS DH = 200
    • Nicnak
    • By Nicnak 24th May 19, 7:12 PM
    • 2,313 Posts
    • 14,008 Thanks
    Nicnak
    I'm sorry you're finding the anniversary tough Nicnak. I'm sure you will find it easier in time though, firsts are always the most difficult.

    Great news on getting paid twice in June and I think it's a good plan to have a couple of day off first.

    Have a lovely weekend .
    Originally posted by HairyHandofDartmoor
    You too Hairy. I'll be back reading about your Saturday Saunter soon xx
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 0 Consolidation 15,000 = 8,200 Total = 25,330 8,200 67% gone EMF #252 = 500/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • Nicnak
    • By Nicnak 27th May 19, 11:49 AM
    • 2,313 Posts
    • 14,008 Thanks
    Nicnak
    Hi All,

    I have a laptop!! It arrived yesterday and was bought from my business money as I need to use it for my lessons. I still have a fair bit in savings, which is great.

    I have had the weekend with my new boyfriend, and we had a great time. It was costly as always with him because we tend to go out and do things.

    I also bought a lawn mower and strimmer (ex took the others months ago) and my back lawn looked like a jungle! I had borrowed my neighbour but I felt bad asking for a third time so I went to the shop and bought one. They had a 20% off event on, which meant I got the strimmer and lawn mower for cheaper than the original price of the lawnmower. It was 74 in total, and I know my exam work from this month will cover that.

    I have looked at the kitchen and would like to change my table and have a kitchen island instead with storage and bar stools. I think it will cost around 500 to get and sort, and hopefully this will be ok with the exam work I am doing. I also hope I manage to get a little holiday with it too. Little one doesn't have a valid passport at the minute so that is a half term job as well.

    I was wondering whether to put this down here, but it is my diary and I want to put it out what is happening over the next few months.
    I start my new job on the 10th June and get paid from my old and my new in the same month. With me working a whole 6 weeks before getting paid, I will get a full pay on the 15th June from my old employer and on the 15th June, should also get 20 days pay from my new employer as well. Then on the 30th, I should get exam work money as well. On the 15th July, I should get 5 days pay from my old employer (I decided to leave on the 5th rather than the 9th) to give me a few days off. I will also get a full months pay from my new employer and then some more from the exam work.

    If I am careful, this will mean that I can pay off my sofa, get my kitchen island sorted, and at the same time get rid of some debt, and have a holiday with little one. I'm not sure if it will be abroad or just to the caravan for a couple of weeks, but either way, it will be time away to relax. I want to take her to Lapland in December so plan on booking that as well in August. It will be one of those mad day trips, but one that I really want to do this year.

    I am hoping to enhance my savings this month and then make it more stable next month. I am happy that I start my new job in June. The pay rise alone means I will be better off, and having worked a month in advance, means I get a double pay, which will definitely come in handy.

    Hope everyone else is ok.
    xx
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 0 Consolidation 15,000 = 8,200 Total = 25,330 8,200 67% gone EMF #252 = 500/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • Nicnak
    • By Nicnak 29th May 19, 7:48 AM
    • 2,313 Posts
    • 14,008 Thanks
    Nicnak
    Morning all,

    Day one of my half term holiday. I was in work yesterday so today is the first day off.
    I am planning on taking little one out over the next few days. I have a very busy few weeks coming up marking for the exams.

    My boss asked me to work an extra day yesterday so that leaves me until next Thursday. Friday I am travelling to start work and then a week on Monday, I start my new job!

    I need to watch pennies until I get paid as I have a habit of spending my money before it has come in. x
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 0 Consolidation 15,000 = 8,200 Total = 25,330 8,200 67% gone EMF #252 = 500/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • Nicnak
    • By Nicnak 30th May 19, 7:54 AM
    • 2,313 Posts
    • 14,008 Thanks
    Nicnak
    Hi diary,

    I am not being the best I can be at the minute. It is my mum's 60th birthday on the 10th and I am trying to get her all the bits and pieces, which is properly mounting up cost wise.

    I have bought some new furniture from the money I am owed from work I have already done. I haven't been paid it yet, but I am just waiting for it to come in. That means my account is worse than it should be. It is my usual trick, which is a nightmare and something I need to get out of. I panic and think that it will be gone when I get paid, so I buy it!

    I'll get over that one day. I will be working on it over the coming months. I will definitely need to change this. x
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 0 Dad 1500 = 0 Consolidation 15,000 = 8,200 Total = 25,330 8,200 67% gone EMF #252 = 500/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
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