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  • FIRST POST
    • Eager_Elephant
    • By Eager_Elephant 1st Jan 10, 1:40 PM
    • 4,489Posts
    • 26,131Thanks
    Eager_Elephant
    Eager Elephant's Effective Everyday Excursion ...
    • #1
    • 1st Jan 10, 1:40 PM
    Eager Elephant's Effective Everyday Excursion ... 1st Jan 10 at 1:40 PM
    ………………into Debt Freedom!!

    Over the last few months I have read people’s diaries and got all motivated so I think the time has come for me to do my own diary.

    About Me

    I am 29, married to my DH - 30 and we have 2 children, DS - 13 & DD - 7 today!!!
    We live in a rented 3 bed house, we have 7 cats, 8 ducks, 1 goose & 20 hens in our garden. We also have 100+ chickens, 10 geese & 8 turkeys on a rented field (near our house).
    I work part time (2 days) and I also do voluntary work 2 days per week leaving 1 day for myself. DH works full time with normal hours 9 -- 5 (unlike before).
    I am a Debt Adviser so I should know better but at least I have empathy with my clients!!!!

    Debts

    Our debt situation has gradually got worse over the years, in 2004 we owed about £6000, now it is £23,000+. Lots of reasons for this include being frivolous, my DH has depression and buying things makes him happy so I have allowed the spending to get out of control. Part of the £23,000 includes 2 cars which we brought recently, total = £14000 so I guess if we didn’t have them we would have about the same amount of debt!!

    We have been very good with our credit cards lately and I have not used mine for over 6 months, DH used his to buy tyres for his car instead of using his bank account and now he does not have the money to cover the cost!! Grrrr!!

    My debts are all credit cards:

    Barclaycard - £7,354.66 – approx £4706.65 is on 0% until Apr 2010 and the rest is on 24.9%.

    Paypal - £631.21 – just finished promo offer and now at 17.9%

    Amazon - £2,321.62 – some at 15.9% and 6.9% life of balance.

    Abbey - £889.82 – 0% until April 2010

    Total - £11197.31

    My DH’s debts are all credit cards:

    Amazon - £5,540.63 – 6.9% life of balance

    Paypal - £1,276.13 – some at 17.49% and 26.47%

    Tesco - £3,261.83 – 0% until 23/1/10

    Barclaycard - £1,872.56 – some at 14.9% & 27.9%

    Total - £11951.15

    Grand Total = £23148.46

    The plan is to clear DH’s Paypal card asap and then balance transfer some of the credit cards with the mixed interest rates to make it easier to keep track of and of course I know that the lower interest is cleared first.

    Finances

    Up until earlier this year we used to have a joint bank account into which both our wages were paid and the bills would be paid from this. DH thought that he was restricted as we did not have spending money so bought things of Ebay with his credit card.

    We now have single accounts which our wages are paid into and we pay the same amount in to the joint account each month to over the household bills. We each have to pay our own credit cards bills, car expenses and pocket money. Child Tax Credit is paid into a seperate account and is used to pay the childminder and for when we are skint in all accounts.

    I do not agree with the above re division of monthly cost but DH will not have it any other way. To make sure I can afford my half I have to include Child Benefit and CSA as my income, however CSA has just decreased by £40 per week so I am short on my income every month. Before Xmas I read the calculations and I think they are wrong so I need to sit down and write a letter to CSA asking for a recalculation.

    This Year – 2010

    Things are going to change this year as we are moving house and having a relative move in. Fingers crossed we will be in our new house on 1st February and then the relative will be joining us at Easter. (This has numerous problems attached as other relatives are not happy about this and are causing a stir)
    We are not sure what we will do with our current house but we may buy it and then rent it out – stupid idea I know when we are in debt!

    I also hope that in 2010 our debts will reduce significantly.

    This Decade – 2010 - 2020

    In the next few years we hope to buy a smallholding so will need to get a deposit together.

    I would also like to visit this place: http://www.blesele.org/

    I love elephants, I collect elephant ornaments and when I went to Sri Lanka I rode on the back of one and fed some. I love elephants.

    I think the price is quite reasonable (if I wasn’t in debt) so this is another thing to aim for.

    The Plan

    House Move – I sent an admin cheque to the estate agents last week for £460 which will probably be cashed next week – this money is sitting in my bank account but it does mean that I am unable to pay my contribution to the bills at the moment.
    I assume we will need 2 months deposit, so need to also save £1300 within the next few weeks. (The reason this is a bit up in the air is because we are renting from friends but they have decided to go through an estate agents and we are not sure if they will follow usual rental protocol or give us some leeway)

    I need to have a good declutter of the house by end of Jan. I started yesterday with son’s bedroom and have listed items on Freegle which will hopefully be collected this weekend. Anything not collected can go to the charity shop on Monday.

    I also need to speak to RSPCA about rehoming some of my cats as we cannot take them all with us. 4 cats will need to be rehomed, 3 of these are brother/sisters and are quite wild – they will be stroked on their own terms but cannot be held or anything like that. The other one is a male kitten we kept from a litter in the summer but he keeps urinating all over the house even when there is a clean litter tray so he cannot come to a rental home with us.

    Debts/House Deposit & Costs - I will continue to sell items on ebay and this money will go into a spare bank account I have to be used for the House costs or towards debts.

    I have been doing Butlins Bingo, I have had 1 payout of £10 and I am currently up to £5.13 – must remember to scratch every day and twice on Sundays!!

    I have been doing surveys on and off for a few years but never on a regular basis (as proven by the transaction history on each account!!). Last night (because I am sad and did not go out, not really I never go out on NYE I prefer to stay at home) I logged into all my survey sites and got updates on all balances etc:

    Yougov – 4585 points (need 5000 to payout £50.00)
    Pure Profile - £18.20 (need £25.00 for payout)
    Lightspeed – 2475 points (can take a payout now)
    Global Test – 76 points (need 1000) (had payout just before Xmas)
    Valued Opinions – £5.75
    Opinion Bar - £7.38 (need £10.00 for payout)
    Harris Poll – 460 HIPoints (need 2500) (some removed as no surveys done within 6mths)
    One Poll - £4.05 (need £40.00 for payout)
    Ipoints – 1280 (converted some of these before Xmas)
    Rewarded Opinions – 995 points (need 2000 for payout)
    MyVoice - 545 points (need 2000 for payout)

    So I will make sure I do my surveys every day or every 2 days if pushed for time.

    If anyone knows of any more survey sites please let me know. (I used to be a member of Toluna but it did not seem worth it for the points, unless I am missing something and someone can give me some hints)

    I will also post every day on a brilliant thread called ‘Payment A Day’ - http://forums.moneysavingexpert.com/showthread.html?t=2047605
    Basically you make one payment every day, no matter how small, to one of your debts or into savings. This money can come from money you have saved on your food bill, money you have raised by selling things etc. The total paid in 2009 was just under half a million - £500.000!!!!
    I have been doing this sporadically but need to concentrate and do it every day.

    I would also like to make special mention to a board on Motley Fool called Your Tomorrow Starts Today, it’s all about listing your goals for the month and trying to achieve them – sometime’s they may seem insignificant but to that poster they are a hurdle in life. If you need support every one there is willing to give it. Long term goals are an option but it’s all the little goals needed to get to the bigger ones.

    I have read Weezl74’s threads on the Old Style boards, I am part way through the 50p per day until Xmas. She is so inspiring and I wish to follow her lead and save some money on food this month. We don’t really have a food budget for this month as all spare money will be needed for house costs so I want to try and use most of the things out of the cupboard and fridge before we move –could be some interesting combinations.
    The chest freezer will not be coming with us, there is no room and it is on it’s last legs – luckily before Xmas I sorted it out so there is some party food, 2 turkeys and that’s about it – shouldn’t be too difficult to use up!

    I know what your all thinking by now – why doesn’t she stop waffling and get on with things!! – well it all starts here.

    Thanks for following me on my journey.

    EE
    Last edited by Eager_Elephant; 05-01-2010 at 10:23 PM. Reason: Realised also signed up for MyVoice!!
    Ninja Saving Turtle No. 1 for August
    NSD - 9/15
    (up to 12/8/18)
    My Diary is here - http://forums.moneysavingexpert.com/showthread.php?t=2175629 (Eager Elephants Effective Everyday Excursion)
Page 88
    • Seasidegal58
    • By Seasidegal58 8th Jul 18, 2:10 PM
    • 2,256 Posts
    • 13,970 Thanks
    Seasidegal58
    Hope things are going well too EE.
    X
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 07/11/2018 - £1771.05
    MONTHS TO RETIREMENT: 30
    My diary: “Paid off the £31,0000! BUT- still scrimping!”
    • Eager_Elephant
    • By Eager_Elephant 8th Jul 18, 2:15 PM
    • 4,489 Posts
    • 26,131 Thanks
    Eager_Elephant
    Thanks everyone - just popping in very quickly to say all is well in the Elephant household.

    Lack of time to post much at the moment and I really need to catch up on YNAB.

    Hoping to post later on this week.
    Ninja Saving Turtle No. 1 for August
    NSD - 9/15
    (up to 12/8/18)
    My Diary is here - http://forums.moneysavingexpert.com/showthread.php?t=2175629 (Eager Elephants Effective Everyday Excursion)
    • Sun Addict
    • By Sun Addict 8th Jul 18, 9:02 PM
    • 6,322 Posts
    • 43,655 Thanks
    Sun Addict
    Glad all is ok xx
    Virtual Sealed Pot 2018 £404.08
    Debt £2180
    Weight loss 0/6LBS
    Emergency Fund £4000/£10,000
    • apple muncher
    • By apple muncher 8th Jul 18, 9:17 PM
    • 7,927 Posts
    • 60,067 Thanks
    apple muncher
    Good to hear from you and that all is well x
    NST November New Yorker #8; NSD 12/15; Ex 6/21 ; craft 50 (196); remove 16 (653)
    2018 Pay off: £4509; 2
    018 sell £55.10; WLOSW 3/10

    Mortgage £18,634 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295; 01/18 23,143) MFWDate Dec 2018
    • Eager_Elephant
    • By Eager_Elephant 15th Jul 18, 8:33 PM
    • 4,489 Posts
    • 26,131 Thanks
    Eager_Elephant
    Just lost my post.... grrrr

    Very busy here but not sure why apart from still trying to get things straightened out and get on top of Committee work etc.

    STBEXH being a nightmare, spending like he has no commitments, was overdrawn by 4th of the month and had to move some money in from savings. More DD's came out last week and bounced and he was in a right panic - |I went round and sorted him a budget which he said he would do but didnt. He has opened some new bank accounts and will move his income and outgoings across and will have a bill account as well as spending account.

    I had to move some money from savings back to him so he can cover the DD's which will be taken this coming week - I am annoyed as he said I could have that money to pay for the furniture which went on my credit card.
    I'm hoping that once he sticks to the budget he will have some spare moneyand can pay me back.


    Everything going good on my side but really need to catch up with YNAB as things are very tight here at the moment.

    In sad news one of my kittens was killed on the road outside, its the only one who was still coming home every morning. The lady who did it was devastated and knocked on my door even though it was 10pm.
    In sadder news his brother (who disappears for days) came home after weeks away and was looking for his brother and he wouldnt stop crying. He eventually calmed down and went outside and I havent seen him since and that was 2 weeks ago today.
    So I only have my outdoor cat left now although I think the others are about as her food goes at an alarming rate.

    Hope to be back on more regularly this week.
    Ninja Saving Turtle No. 1 for August
    NSD - 9/15
    (up to 12/8/18)
    My Diary is here - http://forums.moneysavingexpert.com/showthread.php?t=2175629 (Eager Elephants Effective Everyday Excursion)
    • beanielou
    • By beanielou 15th Jul 18, 8:47 PM
    • 58,054 Posts
    • 239,079 Thanks
    beanielou
    Sad kitten news
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 12 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. MFW 2018. No 144
    • beanielou
    • By beanielou 15th Jul 18, 8:48 PM
    • 58,054 Posts
    • 239,079 Thanks
    beanielou
    Oh and your soon to be ex does not get any better with money does he!
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 12 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. MFW 2018. No 144
    • please-let-me-be-lucky
    • By please-let-me-be-lucky 15th Jul 18, 8:49 PM
    • 9,149 Posts
    • 55,101 Thanks
    please-let-me-be-lucky
    Sorry to hear about the kittens and to STBEX. It’s not fair that things are tight for you while he owes you money.

    Hope this week is a better one for you Xx
    Debts @ LBM £23,729.31. Debts @ 08/04/2016 £0

    NSDs achieved in 2018 38/60
    Best win so far - holiday to Florida
    • Sun Addict
    • By Sun Addict 15th Jul 18, 8:53 PM
    • 6,322 Posts
    • 43,655 Thanks
    Sun Addict
    So sorry to hear the bad news about the cats Cats are so stupid with roads, you can see how they get run over, I've seen them dashing across busy roads without looking

    Boo to the ex and his rubbish money management. You shouldn't have to still sort him out
    Virtual Sealed Pot 2018 £404.08
    Debt £2180
    Weight loss 0/6LBS
    Emergency Fund £4000/£10,000
    • crazy_cat_lady
    • By crazy_cat_lady 15th Jul 18, 9:28 PM
    • 4,127 Posts
    • 35,343 Thanks
    crazy_cat_lady
    Aw, I'm really sad to read about the kittens. Awful news...
    As for the STBEX - do you have to keep bailing him out? Are they joint debts? I'm only still paying towards mine until I sort the mortgage out - hopefully within the next fortnight. Then once I've bought him out of the house he is well and truly on his own...
    November in NY #20 NSD = 9 1 debt vs 100 days £328.51/£1685
    DFD #1: 6 Nov 15 - paid £28,447
    • Chrystal
    • By Chrystal 15th Jul 18, 10:13 PM
    • 508 Posts
    • 3,340 Thanks
    Chrystal
    I agree with CCL. As long as you keep bailing him out the longer he will go on not being responsible for his spending.... he'll find it so easy to 'go into panic mode' and come running to you. What would have happened if you'd spent all your money??

    So sorry to hear about your kittens. (((hugs)))
    I Believe.....
    That it isn't always enough, to be forgiven by others.
    Sometimes, you have to learn to forgive yourself.
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 15th Jul 18, 10:49 PM
    • 5,753 Posts
    • 40,681 Thanks
    HairyHandofDartmoor
    I agree that bailing out STBEX won't help him learn to manage his money. If he can't pay his bills it will be his own fault and it is the only way he will learn not to overspend. As long as you bail him out he will keep being a spendthrift.

    Sorry about the kitten .
    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.
    EMERGENCY FUND = £17
    "Tough times never last, but tough people do" - Robert H Schuller
    • Eager_Elephant
    • By Eager_Elephant 16th Jul 18, 7:00 AM
    • 4,489 Posts
    • 26,131 Thanks
    Eager_Elephant
    Thanks ladies for having my back but my shorter post didn't explain very well - the savings were his and not mine (It was definitely in the longer post which disappeared)

    STBEXH had some savings in an ISA which he doesn't know the details for but I did as they were written in the 'book of passwords' so I moved his own money into his bill account.

    I will NOT ever be bailing him out - he needs to learn some money management and realise he can't have everything he wants all of the time.

    I would never let DD go without and when I pop round to see her I check the kitchen to make sure there is food for her, if there isn't she can come to mine as she broke up from school over a week ago so I don't have to worry about her going to school although that does mean she doesn't get 3 meals a day cooked for her.
    Ninja Saving Turtle No. 1 for August
    NSD - 9/15
    (up to 12/8/18)
    My Diary is here - http://forums.moneysavingexpert.com/showthread.php?t=2175629 (Eager Elephants Effective Everyday Excursion)
    • Chrystal
    • By Chrystal 16th Jul 18, 11:58 AM
    • 508 Posts
    • 3,340 Thanks
    Chrystal

    STBEXH being a nightmare, spending like he has no commitments, was overdrawn by 4th of the month and had to move some money in from savings. More DD's came out last week and bounced and he was in a right panic - |I went round and sorted him a budget which he said he would do but didnt. He has opened some new bank accounts and will move his income and outgoings across and will have a bill account as well as spending account.

    I had to move some money from savings back to him so he can cover the DD's which will be taken this coming week - I am annoyed as he said I could have that money to pay for the furniture which went on my credit card.
    I'm hoping that once he sticks to the budget he will have some spare moneyand can pay me back.
    Originally posted by Eager_Elephant
    Sorry EE I thought you were stuck with debt on your CC for his furniture and you'd then had to take money from your savings. The nuance can often get lost in the written word.... especially when we're pi$$ed off! rotfl:
    I Believe.....
    That it isn't always enough, to be forgiven by others.
    Sometimes, you have to learn to forgive yourself.
    • Sun Addict
    • By Sun Addict 5th Aug 18, 7:53 AM
    • 6,322 Posts
    • 43,655 Thanks
    Sun Addict
    Just checking in EE - hope all is ok xx
    Virtual Sealed Pot 2018 £404.08
    Debt £2180
    Weight loss 0/6LBS
    Emergency Fund £4000/£10,000
    • Eager_Elephant
    • By Eager_Elephant 5th Aug 18, 10:47 AM
    • 4,489 Posts
    • 26,131 Thanks
    Eager_Elephant
    I am here and reading other threads but avoiding my own!!!

    Not sure why I don't post much apart from STBEXH knows my name on here and I worry he might read it, although too be honest I doubt it.

    Plus I have this stupid idea in my head that YNAB needs to be up to date so I know where things stand before I can post updates on here but of course it is never up to date and so I never post - go get a grip EE!!!

    Anyway last week I deleted my YNAB accounts and have started again - I will finally admit to not having enough money to do everything I want to do and to be able to pay the bills/save and have spends and pay off the debt.


    So for now I have stopped the savings to all my pots like car insurance, car repairs etc and I think I need to start trying to earn money from ebay to cover all these sorts of things otherwise next year they are going to end up on the credit card.

    I dont mind being skint as I was skint before but subsidised STBEXH, now i am skint but happily living on my own and its only me that I need to think about.


    Need to check my YNAB today and update and then see what I can put in savings or whether I should pay any potential savings off the credit card to reduce that balance due to the interest charged and then use it again for car insurance etc next year??

    Decisions, decisions....

    I feel better now I have offloaded rather than just not posting
    Ninja Saving Turtle No. 1 for August
    NSD - 9/15
    (up to 12/8/18)
    My Diary is here - http://forums.moneysavingexpert.com/showthread.php?t=2175629 (Eager Elephants Effective Everyday Excursion)
    • beanielou
    • By beanielou 5th Aug 18, 8:13 PM
    • 58,054 Posts
    • 239,079 Thanks
    beanielou
    Glad you off loaded.
    At least you dident forget about a loan
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 12 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. MFW 2018. No 144
    • Mooloo
    • By Mooloo 4th Sep 18, 12:55 PM
    • 10,077 Posts
    • 50,176 Thanks
    Mooloo
    How are you EE?
    When I die I will know that I have lived, loved, mattered and made a difference, even if in a small way.
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 26th Sep 18, 9:30 PM
    • 5,753 Posts
    • 40,681 Thanks
    HairyHandofDartmoor
    Hope things are going well EE.
    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.
    EMERGENCY FUND = £17
    "Tough times never last, but tough people do" - Robert H Schuller
    • apple muncher
    • By apple muncher 27th Sep 18, 4:43 PM
    • 7,927 Posts
    • 60,067 Thanks
    apple muncher
    Thinking of you x
    NST November New Yorker #8; NSD 12/15; Ex 6/21 ; craft 50 (196); remove 16 (653)
    2018 Pay off: £4509; 2
    018 sell £55.10; WLOSW 3/10

    Mortgage £18,634 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295; 01/18 23,143) MFWDate Dec 2018
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