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  • FIRST POST
    • jojitsui
    • By jojitsui 29th Dec 09, 12:22 AM
    • 392Posts
    • 1,628Thanks
    jojitsui
    How do you keep motivated in the fight against debt?
    • #1
    • 29th Dec 09, 12:22 AM
    How do you keep motivated in the fight against debt? 29th Dec 09 at 12:22 AM
    Have finally written ALL my debts down in black and white.

    They are not massive but it is still going to take me over a year to pay them all off and I am trying to save for a chunky deposit for a house.

    I intend to ebay everything bar my soul and kidneys and hope that when I see some money coming in it will keep me going.

    How do you all keep motivated/ any hints and tips would be great

    Thanks
    Make 10 a day July 0/310
Page 1
    • DarkConvict
    • By DarkConvict 29th Dec 09, 12:29 AM
    • 6,248 Posts
    • 3,056 Thanks
    DarkConvict
    • #2
    • 29th Dec 09, 12:29 AM
    • #2
    • 29th Dec 09, 12:29 AM
    This forum will keep you motivated, the best thing is to keep on top of things, write down how much is being paid off each week/month and keep track of your target date!

    And see how much more you are enjoying life by tackling the problems instead of hiding them away!
    Although no trees were harmed during the creation of this post, a large number of electrons were greatly inconvenienced.

    There are two ways of constructing a software design: One way is to make it so simple that there are obviously no deficiencies, and the other way is to make it so complicated that there are no obvious deficiencies
  • firestronaut
    • #3
    • 29th Dec 09, 6:57 AM
    • #3
    • 29th Dec 09, 6:57 AM
    I keep myself motivated by updating my signature EVERY time I make a payment, even if it's only pennies beccause the debt is still going down.

    I've also noticed that I've because a lot happier since I started paying off my debts. The baliff letters that no longer come play a huge part in this.

    I've also become more aware of what I can and cannot afford. And I look at it this way; if I can pay over approximately 300 of my debt a month, when I no longer have the debts, I'll have an extra 300 for myself and DD.
    Starting debt: 3399.39 / Debt now: 2975.39
    VSP Challenge 2012: 39.58/100 Crazy Clothes Challenge 2012: 3.00/150
    2 savers club #20: 30
    2012 earnings: 67.50
    Long Haul DFW Supporter #204
    • jojitsui
    • By jojitsui 29th Dec 09, 11:33 AM
    • 392 Posts
    • 1,628 Thanks
    jojitsui
    • #4
    • 29th Dec 09, 11:33 AM
    • #4
    • 29th Dec 09, 11:33 AM
    Thanks both
    Make 10 a day July 0/310
    • crawley_girl
    • By crawley_girl 29th Dec 09, 11:51 AM
    • 1,996 Posts
    • 3,151 Thanks
    crawley_girl
    • #5
    • 29th Dec 09, 11:51 AM
    • #5
    • 29th Dec 09, 11:51 AM
    This forum keeps me focused. Knowing that people are in the same 'kind' of situation as me and have found their way out of the debt tunnel gives me hope!
    Ever wonder about those people who spend 2 apiece on those little bottles of Evian water? Try spelling Evian backward.
    • beverleyhills
    • By beverleyhills 29th Dec 09, 11:55 AM
    • 735 Posts
    • 559 Thanks
    beverleyhills
    • #6
    • 29th Dec 09, 11:55 AM
    • #6
    • 29th Dec 09, 11:55 AM
    Give yourself a treat every so often. Does not have to cost the earth, some can be free.
    'You can't change the past, you can only change the future' Gary Boulet.

    'Show me the person who never makes a mistake and I'll show you the person who never makes anything'. Anon
  • Malky
    • #7
    • 29th Dec 09, 12:05 PM
    • #7
    • 29th Dec 09, 12:05 PM
    Differentiating between what you want and what you need. This is what has mainly kept me on the straight and narrow.
    • jojitsui
    • By jojitsui 29th Dec 09, 12:34 PM
    • 392 Posts
    • 1,628 Thanks
    jojitsui
    • #8
    • 29th Dec 09, 12:34 PM
    • #8
    • 29th Dec 09, 12:34 PM
    The forums help loads and I am liking the idea of treats
    Make 10 a day July 0/310
  • Toffee Penny
    • #9
    • 29th Dec 09, 12:44 PM
    • #9
    • 29th Dec 09, 12:44 PM
    I always keep a check on the forum even if I don't post every time. I like reading the threads 'I am debt free yay!' because it's a little reminder to myself 'that will be me one day'

    Feeling different about money, thinking about what you want and what you need stops those silly impulse buys, also looking for little bargains whilst doing food shopping, checking prices etc.

    Finally knowing our monthly DMP payment is making a dent to our total debt, even if it is small and will take up to 6 years to pay off. We talk about what we will do with that money once the debt is gone and that makes us keep going.
    DMP support thread member 211
    I'm only here to get some medals......honest!
  • computershack
    Honestly, I'd forget buying a house. You end up in misery trying to get enough money together for a deposit only to see that every year you need more. Even then, when you get the mortgage the repayments are that high that you continue to struggle for years. And then an unexpected cost comes along (in my case a front door) and you've got to figure out how to pay for it.

    I think the time of home ownership for all is over and we're going to go back to where it was 40 years ago where most people rented. You can get a far better house than you can afford to buy and the maintenance problems are the landlords responsibility.
    • Lemon Tree
    • By Lemon Tree 29th Dec 09, 1:01 PM
    • 9,465 Posts
    • 31,245 Thanks
    Lemon Tree
    i've kept motivated by coming on these boards pretty much daily, it's made me realise that there's worse folk out there than me, there's lots of folk like me who are trying to clear debt and are having to say 'no' to things, and that there are folk who do actually get debt free.
    Also i have a spreadsheet (one of many) on which i calculate my debt and DF date and i like trying to see if i can bring it forward even if it's only by one month every so often.
    I also keep thinking of what we could do with the money if we weren't paying so much of debts, and the fear that we wouldn't be living in of things going wrong or one of us losing our jobs.
    • jojitsui
    • By jojitsui 29th Dec 09, 1:01 PM
    • 392 Posts
    • 1,628 Thanks
    jojitsui
    We have been looking at rented houses but the rent is more than morgage repayments and my other half isn't keen.
    I can totally see where your coming from though.
    We have also looked at a council/housing assosiation part buy where you rent for 2 years and then 1/2 your rent goes as your deposit. The thing with that was the houses where well over our budget
    At the moment we are saving 1,000 a month between us ready for the deposit and living in very low price accommodation him 200 a month me 0
    Am also over paying betwen 300 and 500 a month of my debts.
    I have worked it out I will completely debt free April 2011 so we might wait until then before we start loooking again!
    Make 10 a day July 0/310
    • Percy1983
    • By Percy1983 29th Dec 09, 1:38 PM
    • 4,976 Posts
    • 7,821 Thanks
    Percy1983
    I actually keep myself motivated by spending a little, I sold most of my life on ebay and got 1500, to which I then spent 200. Might not be the quickest way but remember getting debt free isn't a race and you still have to 'live'.

    Another thing which might just be me being a bit sad, I setup a nice spread with everthing listed across my credit cards and used conditional formats so if it was at its limit it was red and empty was green. When I first started everything was red/orange, now I have a good few greens and yellows. Sad as it seems watching the colours change actual makes me feel better than just reducing numbers.
    • jojitsui
    • By jojitsui 29th Dec 09, 1:50 PM
    • 392 Posts
    • 1,628 Thanks
    jojitsui
    I actually keep myself motivated by spending a little, I sold most of my life on ebay and got 1500, to which I then spent 200. Might not be the quickest way but remember getting debt free isn't a race and you still have to 'live'.

    Another thing which might just be me being a bit sad, I setup a nice spread with everthing listed across my credit cards and used conditional formats so if it was at its limit it was red and empty was green. When I first started everything was red/orange, now I have a good few greens and yellows. Sad as it seems watching the colours change actual makes me feel better than just reducing numbers.
    Originally posted by Percy1983
    I like the idea of a spread sheet but I am not the best. Is there one on here that I could use as i wouldn't know where to start.

    I found 10 earlier and paid it striaght off my credit card
    Make 10 a day July 0/310
  • Matty23
    I think the best way i've managed to motivate myself to sort my Debts (rather call them bills) Is to look in the long run, E.g, I want to go to austrilia to visit my sister who i've not seen in 4 years, without having to worry about "Do i owe anyone any money in england?"...i just wanna get there and use MY own money for my OWN use...I used to be bad, but this site made me see the grass is always greener over the other side of the hill..!
    Good luck with your motivation plan!...if that dont work..have a plan B!
  • Broken hearted
    Start off by being realistic, set smaller goals at first as each one achieved boosts your confidence. The challenges on here are a great way to start. Treat yourself once in a while as a life without treats is no life.
    Barclaycard 3800

    Nothing to do but hibernate till spring






    • Percy1983
    • By Percy1983 29th Dec 09, 2:14 PM
    • 4,976 Posts
    • 7,821 Thanks
    Percy1983
    I like the idea of a spread sheet but I am not the best. Is there one on here that I could use as i wouldn't know where to start.
    Originally posted by jojitsui
    I just put it together myself, but I am an advanced user of excel, I could setup I basic template and send it to you.
    • Iloveflapjacks
    • By Iloveflapjacks 29th Dec 09, 4:20 PM
    • 14 Posts
    • 49 Thanks
    Iloveflapjacks
    For me I want to remove that feeling of being limited or 'owned' by my debts.

    I love my debt stats, I have a spreadsheet that has all stats on it, for example, there are 596 days till I turn 30 and to clear my debts I would need to make a daily payment of 38.86! Each time I make a payment, I enjoy watching this figure go down.

    I've setup standing orders that pay off a reasonable sum of debt per month, so while this ticks away in the background I focus my energy elsewhere on the things I enjoy doing.

    Not only do I have a spreadsheet but I have a mindmap, categorising and detailing all the things do and enjoy, some of the items are related, some collide. Some of it is routine now, but if I cannot do anything more about a debt I look at doing something else which is free or something that I can get involved in.

    This means that I can take my mind off the debt and do something else I enjoy, it's been a really useful tool because I used to just dwell on the debts and waste alot time not 'living'.

    I guess this is distraction with a little bit of motivation.

    Feel like I have rambled, but hope that makes some sense!
    • andy40
    • By andy40 31st Dec 09, 7:44 AM
    • 168 Posts
    • 185 Thanks
    andy40
    I dont have any option BUT to pay off my debts, Im at that point!
    Having very little spare cash means I have to find low cost or no cost things to do. This includes various self-improvement projects (running, self-study) and free or discotned entertainment (museums, student rate cinema tickets), BOOKS!
    Having so little money for entertainment has made me realise how so many of my friends rely on money for their fun. Sad to say I see few of them now because I cant afford to join them in whatever activity they are prepared to do, and museums or whatnot are 'boring'.
    LBM Dec 08
    DMP Aug 09
    DFD 2014!
    • minniepoos
    • By minniepoos 31st Dec 09, 8:48 AM
    • 482 Posts
    • 1,109 Thanks
    minniepoos
    Having so little money for entertainment has made me realise how so many of my friends rely on money for their fun. Sad to say I see few of them now because I cant afford to join them in whatever activity they are prepared to do, and museums or whatnot are 'boring'.
    Originally posted by andy40
    I know what you mean - we made our 'black hole' a bit bigger by trying to keep up with our 'so-called' friends for a few years. Finally realised that not only could we not keep spending, but we weren't really enjoying what we were doing, and are much happier spending time with the few like-minded people we know (who seemed to opt-out of the same kind of lifestyle after watching us do it first!).

    Bloody kicking myself now though, the money we wasted over the years...Still...Onwards and upwards, eh?

    After over a year of living sensibly, our mindset is firmly in the right place, so at least when we are finally debt free (8 or so years to go depending on how many overpayments we can make), and suddenly have POTS of money, I'm confident we'll not go back down the same route.

    And to everyone on here in the same boat.....well done, you've taken a big step and it'll DEFINITELY be worth it in the end
    Total Debt January 2014 10,725.44

    MAKING MONEY IN 2014: 371.84
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