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    • HairyHandofDartmoor
    • By HairyHandofDartmoor 24th Sep 17, 1:22 PM
    • 7,866Posts
    • 59,832Thanks
    HairyHandofDartmoor
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    • #1
    • 24th Sep 17, 1:22 PM
    Finally Debt Free After 34 Years, But Still Need to Live Frugally 24th Sep 17 at 1:22 PM
    My DH and I have been in debt for 34 Years, apart from brief periods, ever since I was offered my first credit card at the tender age of19.

    Our debts were caused by us being impulsive spenders and not being very skilled at budgeting or managing our money, so we know it is our own fault. We always believed that one day we would have more money, mysteriously, and that this would bail us out .

    Our full light bulb moment came when we realised, "What if we never have any more money than we do right now?"

    A couple of years ago we were coping with the minimum payments, but didn't have enough to overpay on any of them. We were forking out 1300 a month in minimum payments, and the interest alone was 1000 a month .

    But then in 2015 our small business started to bring in less, and a family bereavement, and illness affected our ability to work. We could no longer afford the minimum repayments and we were scared we would lose our home. We were stricken with stress and depression .

    Step Change shone a light in the darkness for us and they arranged for us to make token payments of 1 a month to our creditors. This saved our sanity and we were reassured that our home was unlikely to be taken from us.

    My DH recently turned 55 and drew out his pension so that we could make full and final offers to our creditors. All but one accepted an offer of 50% of what we owed (which is all we had to offer). We are continuing negotiations with the final creditor and hope to be debt free by Christmas .

    Being so close to being debt free has made me realise what a heavy burden the debts have been all these years, like living our lives wearing lead boots.

    Once we are debt free we will still need to live very frugally because we have no emergency fund or savings, and our income can be irregular. I hope that starting a diary will help to focus me on frugal living, avoid impulsive spends, and keep my spirits up. Because frugal living can be a lonely and isolating experience.

    This site and Step Change has helped me so much, and I hope that my diary will help to inspire others that it's never too late to change your life .
    Last edited by HairyHandofDartmoor; 18-11-2017 at 9:49 AM.
    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.
    "Tough times never last, but tough people do" - Robert H Schuller
Page 387
    • Purplemumof2
    • By Purplemumof2 20th Feb 19, 2:11 PM
    • 6,816 Posts
    • 25,991 Thanks
    Purplemumof2
    I GOT THE JOB
    Originally posted by HairyHandofDartmoor
    Congratulations, well deserved
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: 5000.00 Lloyds: 9500.00 BC: GONE Cap One: 393.42
    Feb LTW 7/18
    PAYDBX 2019 #041 PD 949.95/5604.30
    Savings for Christmas 100.16/500
    20p Savers 2019 2 Savers 2019 50p Savers 2019 SPC 12 2019 #003
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 20th Feb 19, 3:24 PM
    • 7,866 Posts
    • 59,832 Thanks
    HairyHandofDartmoor
    Thank you Purplemum .
    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.
    "Tough times never last, but tough people do" - Robert H Schuller
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 20th Feb 19, 3:34 PM
    • 7,866 Posts
    • 59,832 Thanks
    HairyHandofDartmoor
    Well I've updated myself with the PPI situation.

    I rang S@ntander (as they were requesting more info) and they said they have no record of me having PPI on my old D3benh@ms storecard. As I have no proof then that is that .

    DH needs to ring S@ntander about his old store card and to ring the N@tionwide and give them more info. We also need to go on to the revolver site and escalate our complaint to the ombudsman re the packaged bank accounts . But DH doesn't want to do any of this today as he says he's too busy .

    There are several creditors who have said we had no PPI and we have no proof so they are a no go .

    Then finally there are five who are still investigating and will write to us again when they've finished investigating.

    So not great news overall, but there is still a small ray of hope I suppose.
    Last edited by HairyHandofDartmoor; Yesterday at 3:41 PM.
    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.
    "Tough times never last, but tough people do" - Robert H Schuller
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 20th Feb 19, 3:39 PM
    • 7,866 Posts
    • 59,832 Thanks
    HairyHandofDartmoor
    Apart from all of the above I've had two YG surveys today, two small OP surveys and a 2.50 PA survey .

    I've put some laundry on to wash, cleaned the cooker and put the dishwasher on.

    So a reasonably efficient day today .

    I want to get as much as possible done today as it's half term and I have more time on my hands. Next week I'll start my new job and continue with my volunteering, and I'll also have a fresh college assignment to work on, so I'll be much busier next week.
    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.
    "Tough times never last, but tough people do" - Robert H Schuller
    • teafor2
    • By teafor2 20th Feb 19, 3:47 PM
    • 866 Posts
    • 6,332 Thanks
    teafor2
    Afternoon HHD. I'm very late to the PPI party and finally filled a form in this week after years of ripping them up and putting them in the bin. TBH I'm 99.9% certain nothing will come of it, which is why I've never bothered, but with the deadline looming I thought it was worth a go.

    Will your new job include inside and outside work? Being a member of staff in a school is like being part of a family, I'm sure you'll love it. xx
    • elizabethhull
    • By elizabethhull 20th Feb 19, 4:08 PM
    • 405 Posts
    • 3,258 Thanks
    elizabethhull
    I'm impressed you got your assignment off in good time. Like you, at uni I was notorious for doing things at the last minute. I thought I functioned better burning the early hours oil - well, I don't know if it's true because I never gave myself the option.
    It is true that in similar circumstances since, working late when it's all quiet & no interruptions is lovely - but I don't think that's the same thing as lastminuteism !

    And .......say it quietly, but I think it's Spring !!
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 20th Feb 19, 5:03 PM
    • 7,866 Posts
    • 59,832 Thanks
    HairyHandofDartmoor
    Afternoon HHD. I'm very late to the PPI party and finally filled a form in this week after years of ripping them up and putting them in the bin. TBH I'm 99.9% certain nothing will come of it, which is why I've never bothered, but with the deadline looming I thought it was worth a go.

    Will your new job include inside and outside work? Being a member of staff in a school is like being part of a family, I'm sure you'll love it. xx
    Originally posted by teafor2
    Good luck with your PPI claim TF2, it's worth a try.

    Yes I will be working inside and outside so I'll need a warm coat. I'm looking forward to starting .

    I'm impressed you got your assignment off in good time. Like you, at uni I was notorious for doing things at the last minute. I thought I functioned better burning the early hours oil - well, I don't know if it's true because I never gave myself the option.
    It is true that in similar circumstances since, working late when it's all quiet & no interruptions is lovely - but I don't think that's the same thing as lastminuteism !

    And .......say it quietly, but I think it's Spring !!
    Originally posted by elizabethhull
    I used to leave things until the last minute when I was at uni Elizabeth but I'd get really stressed if I did that now . I must have been much more laid back in those days .

    There are some Sping flowers appearing but I don't believe it's Spring until 20 March because I follow the astronomical model .
    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.
    "Tough times never last, but tough people do" - Robert H Schuller
    • carbootcrazy
    • By carbootcrazy 20th Feb 19, 7:31 PM
    • 5,955 Posts
    • 36,669 Thanks
    carbootcrazy
    Well I've updated myself with the PPI situation.



    Then finally there are five who are still investigating and will write to us again when they've finished investigating.

    So not great news overall, but there is still a small ray of hope I suppose.
    Originally posted by HairyHandofDartmoor
    More than a small ray, I'd say, if 5 are still working on your submissions. At least they didn't give you an out and out 'no'.

    It's a shame about the others but at least you can be pleased that you tried.


    I hope your DH has more luck from his phonecalls.
    Original Debt: 56804 (@02/13). Now: 1869.. Just one creditor to go

    Make 2019 in 2019 (#68) 285.51/2019

    Treats Fund 2019: 244.58
    • earthgirl
    • By earthgirl 20th Feb 19, 7:52 PM
    • 2,353 Posts
    • 25,343 Thanks
    earthgirl
    I don't think I had ppi but keep thinking I must check. Hope it's a useful ray for you hh.
    15/5/12 Paid off Mortgage 1 (220k) Bought Dream House Dec 13 - Mortage 2 -116,508. 15/7/18 Mortgage Free Again

    Youtube channel https://www.youtube.com/channel/UC7XGi-uT4XKChvp81T7dIEw
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 20th Feb 19, 8:41 PM
    • 7,866 Posts
    • 59,832 Thanks
    HairyHandofDartmoor
    More than a small ray, I'd say, if 5 are still working on your submissions. At least they didn't give you an out and out 'no'.

    It's a shame about the others but at least you can be pleased that you tried.


    I hope your DH has more luck from his phonecalls.
    Originally posted by carbootcrazy
    Thanks Carboot as you say there's still hope .

    I don't think I had ppi but keep thinking I must check. Hope it's a useful ray for you hh.
    Originally posted by earthgirl
    Thanks Earthgirl, I thought I'd always feel bad if we didn't at least try claiming before the deadline .
    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.
    "Tough times never last, but tough people do" - Robert H Schuller
    • Nicnak
    • By Nicnak 21st Feb 19, 8:15 AM
    • 1,857 Posts
    • 10,667 Thanks
    Nicnak
    Have a good day Hairy x
    September 6th 2017 - Updated February 2019
    Credit Card 0 now: 185 Dad 1500 = 1000 Consolidation 15,000 = 10,060 Total = 25,330 12,197 59% gone EMF #252 = 100/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 21st Feb 19, 9:01 AM
    • 7,866 Posts
    • 59,832 Thanks
    HairyHandofDartmoor
    Thanks Nicnak .
    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.
    "Tough times never last, but tough people do" - Robert H Schuller
    • teafor2
    • By teafor2 21st Feb 19, 11:32 AM
    • 866 Posts
    • 6,332 Thanks
    teafor2
    Morning HHD, just popping in to say have a lovely day. Did you hear anything about being guarantor yet. Just out of interest, and from picking the bones from DD relating the details, the girl's parent who was having problems rang the landlord direct and got it sorted. So there are sometimes ways around things. xx
    • EssexHebridean
    • By EssexHebridean 21st Feb 19, 3:22 PM
    • 9,041 Posts
    • 47,544 Thanks
    EssexHebridean
    Great news about the job HH - congratulations!

    On the PPI thing - even if you get nothing more out of it at least you'll know - better that by far than getting past the deadline and wondering "what if" I'd say! And definitely still hope with 5 looking into your claim too.
    MORTGAGE FREE 30/09/2016
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