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  • determinedtodothis
    • #2
    • 2nd Jun 10, 7:27 PM
    • #2
    • 2nd Jun 10, 7:27 PM
    Ok here's mine:

    Lowest: 23rd dec getting a court sum for repossession on my flat due to arrears on a secured loan
    Highest: this company cancelling court action due to stuff I found on this site and a year later clearing the loan!
    Tip: 1 lightbulb per person - saves a fortune!

    And of course get on here as much as poss!
    TOTAL: (1.9.2008) 20,971.00 (02.12.10)11,006.07
    9,262.93 Paid off (Since LBM)
    Debt Free Date 2021 2015
    Savings 100 Dec NSD 11/20, Sealed pot challenger 1043
    • Numpty Monkey
    • By Numpty Monkey 2nd Jun 10, 7:40 PM
    • 13,384 Posts
    • 29,768 Thanks
    Numpty Monkey
    • #3
    • 2nd Jun 10, 7:40 PM
    • #3
    • 2nd Jun 10, 7:40 PM
    Low point, probably getting made redundant, after setting up my DMP

    High points, - lots, including getting the quote in my sig(yes someone did post that when I got made redundant)
    meeting and making some newand great friends, learning lots of tips, knowing I have support and help on here

    Top Tip - ask for help , use all of MSE, or maybe spreadsheets/budgeting
    Numpty,Not sure why but I'm crying . Of all the peeps on this board you're the kindest & most supportive of all & I'm & for you all at the same time . Wish I was there to give you a big & emergency hobnobs
    DFD 5/1/16
    • t4mof
    • By t4mof 2nd Jun 10, 8:55 PM
    • 232 Posts
    • 629 Thanks
    • #4
    • 2nd Jun 10, 8:55 PM
    • #4
    • 2nd Jun 10, 8:55 PM
    What was your lowest point?

    2nd April 2007 - less than 10 days after pay day and not being able to withdraw any cash because the overdraft was already at its limit. I was looking back at my old bank accounts a few weeks ago and can't believe how far I've come in 3 years. Surprisingly that wasn't even my proper LBM - just very scary.

    What has been your highest point so far?

    Any time I clear any debt down to zero. It's a massive boost and keeps me spurred on for the next one. As you can see from my sig, I have cleared 4 debts this year. Unfortunately the next one won't be clear until Feb 11 when Virgin will be gone but Feb 11 gets closer every day.

    Your one moneysaving tip: Check your online banking every day and keep on top of every penny spent.
    CC Debt at LBM Nov 08 - 25000+ DFD Dec 2012
    Amount added to savings in 2013: 16138.72

  • determinedtodothis
    • #5
    • 3rd Jun 10, 10:19 AM
    • #5
    • 3rd Jun 10, 10:19 AM
    Thats a good tip t4mof! I use to think I new my balance and I'd always end up short because I guestimated a couple of quid more.

    I think its def the feeling of relief/joy/ner-ner ner-ner when you ring up, pay a balance and ask the company that has hounded you for so long their services are no longer required!

    Keep up the good work!
    TOTAL: (1.9.2008) 20,971.00 (02.12.10)11,006.07
    9,262.93 Paid off (Since LBM)
    Debt Free Date 2021 2015
    Savings 100 Dec NSD 11/20, Sealed pot challenger 1043
  • debtdesperado
    • #6
    • 3rd Jun 10, 1:25 PM
    • #6
    • 3rd Jun 10, 1:25 PM
    A good thread! I like it!

    Low point: Apart from my actual LBM, I would say being made redundant just after I had stopped my finances getting any worse (I think it takes a while after you have your LBM to stop your debt increasing, eg paying charges on charges...) and then being out of work for 6 months, which was a bit hairy financially, to say the least. A good lesson - how important an emergency fund is - learned thoroughly there!

    High point: Every month that I see my debt reducing is a new high point! Other notable high points: getting a new job, paying off the arrears from when I was out of work, realising how unimportant 'important' possessions were when I had to sell them to pay the mortgage in the last few months I was out of work, being pleased that I had managed to resist the lure of adding to the credit cards, the epiphany that the less 'stuff' I own, the happier I feel.

    Moneysaving tip: stop buying food and drinks outside your home - get a water bottle, a travel coffee mug and a lunchbox and USE THEM! Quite staggering to realise how much day to day spending goes on buying food and drink leaving you with nothing to show for it...
  • Krisp
    • #7
    • 3rd Jun 10, 1:54 PM
    • #7
    • 3rd Jun 10, 1:54 PM
    What was your lowest point?
    I had two. Being made redundant in the middle of some serious house renovation works - first home with Oh and it all had to stop. Then realising how mcuh debt we'd got into.

    What has been your highest point so far?
    Paying off 30k of debt in one year. That was a high!

    Your one moneysaving tip:
    Don't buy breakfast, lunch and drinks during your working week. Easily the quickest way to fritter away your hard earned dosh, for no reason whatsover. And think of how much less packaging gets wasted too!
    Aiming to be debt-free June 2011 at the latest!!
    Paid off 6,143 - Egg loan cleared 26 May 2010
    Save on lunches in June Challenger # 5 - 0 aim/0 spent!!
    8/15 NSDs June 2010
    "I wish dear Karl could have spent more time acquiring capital than merely writing about it." - Jenny Marx
  • Two9A
    • #8
    • 3rd Jun 10, 2:03 PM
    • #8
    • 3rd Jun 10, 2:03 PM
    Mm, let's see.

    Low point: Ramming up against the end of my overdraft at the petrol station, and having to walk home to get the other card so I could pay About halfway through the walk was my LBM, if I recall.

    High point: Clearing the first credit card; granted, it was only cleared thanks to a balance transfer, but a CC snipped in two is a good sight.

    Tip: As t4mof said, keep a very keen eye on your online banking, and keep a spreadsheet of every account-based transaction. Though with my 5 current accounts and 7 debts, it gets a bit unwieldy at times
    Debts (26.3% remaining) - CC/BARC: 2058 100.00 @0%; CC/MBNA: 1877.75 0.00; Loan/SLC: 10000 7901.84 @1.5%; Loan/Per: 1500 0.00; Loan/HX: 15000 0.00
    Mortgages (94.7% remaining) -
    NW: 92516.94 87565.40 @3.19%; HBOS: 65599.57 59106.45 @4%, 69251.57 68589.97 @3.49%
    Total amount of fail: Dangerous (223263.66)
    • dancingfairy
    • By dancingfairy 3rd Jun 10, 3:02 PM
    • 8,961 Posts
    • 7,344 Thanks
    • #9
    • 3rd Jun 10, 3:02 PM
    • #9
    • 3rd Jun 10, 3:02 PM
    I always like to see inspiration. Cheers you up on a bad day.
    Making my money go further with MSE
    How much can I save in 2012 challenge
    • savingwannabe
    • By savingwannabe 3rd Jun 10, 3:17 PM
    • 13,639 Posts
    • 47,104 Thanks
    Hi lowest point, realising that i am pretty ill and i might lose my income one day and having to go down to part time due to ill health.

    Highest point, meeting fab people on this site. Stresses are shared and we have fun despite our worries. I am learning (v slowly) how to save more each month, despite a trememdous cut in my salarly i (apart from the odd occasion) am learning to save more as I am frittering away less. Can you believe i used to waste over 80 a week on taxi travel??? I only live a 20 minute walk from where I work. (STUPID).

    Most useful tip, making lunches, try to only leave the house with 20 spending money and promise to try to only spend that. I learned this month not to walk around with my debit card too as i waste money on nonsense!!!
    Christmas Fund 41.00 (Dec 1st 2018)
    • ANewEra
    • By ANewEra 3rd Jun 10, 3:49 PM
    • 100 Posts
    • 97 Thanks
    Lowest point Sometime in late 2008 when I'd seperated from the ex and finally had the courage to go through all the debts left in my name, and realising it was about 20k. Calling the CCCS and them saying it would take 18 years or so to pay off, I just sat there crying thinking my little boy would not have anything throughout his childhood. (CCCS advised bankruptcy and I went down that route in Dec 08)

    High point
    A year and a half on from my BK petition, I now manage my money well enough to budget for everything and even have a bit in savings.
    The feeling of being in control of your money is much better than the feeling of buying something new that you probably don't 'need' anyway!

    Best tip Working out your yearly spends ie insurance, tax, mot etc, and each month putting aside 1/12 of them, it's such a brilliant feeling to be able to pay for the car tax with cash and not panic and put it on a CC. (Not that I have any of those anymore!)
  • Moneytroubles
    What a great thread. Just what I need at the mo

    Lowest Point - Being at work and receiving a phone call from other half while he was crying as he had tried to sort out finances and couldn't, this lead to me looking into finances thoroughly resulting in LBM, also meant that after a year and a half of plannig and with just over a month to go we had to cancel our wedding!

    Highest Point - Paying off my first debt (and second and third!) and finally feeling 'in control'

    Best Tip - Keep visiting the site, if in doubt ask, check online banking daily and also PAD! Also don't be afraid to contact creditors, I had letters hidden away and was avoiding phone calls and when I finally plucked up the courage to contact people it was like a weight had been lifted and not nearly has bad as I thought it would be. Finally no matter how bad things are cos sometimes they are so crappy try to stay positive and remember the saying... all you need is love xxx
    6 debts cleared since joining MSE
    Remaining debts... Very / Halifax Loan/ A&L / Virgin cc / Lloyds / Sister
    Getting Married 04.12.10 - The MSE way
    Making this house a home
    • barbiedoll
    • By barbiedoll 4th Jun 10, 2:29 PM
    • 4,914 Posts
    • 13,488 Thanks
    Hi there

    Lowest point: Looking at our SOA and seeing in black and white just how much we owe

    Highest point: Coming on here and realising that we're not alone.

    Tip: Always have something to eat BEFORE you go food shopping!
    (You'll save a fortune )
  • notanothergreyhair
    What was your lowest point?

    (Almost) not wanting to live.

    What has been your highest point so far?

    Lots and lots: My debt free day; meeting and moving in with the BF; becoming a healthy BMI; getting accepted for my grauate uni course.

    Your one moneysaving tip

    If in doubt then ask on these boards; someone will have the right answer and help.

    Oh, and rubber up
    I'm the only gay in this forum
    *Everybody wants prosthetic foreheads on their real heads*
  • drewdrop
    Hi, my lowest was getting a back injury 3 years ago and being off work for 3 months, then the LBM of realising the huge debt I had accumulated from consolidation loans and cc's was increasing and that I was just servicing the cc's interest.

    My debt free day last week, feels like I should be worrying about money but am now ok and debt free

    Best tips, apart from MSE, stop smoking, packed work meals & only withdraw the money I need at any time

    DEBT FREE 27th MAY 2010
    Paid off - o/d 2750, loan 23000 (11 mts early), CC @ 14000

  • v8monkeyboy
    Low point: Realising how much money we owed out, and that in order to keep up the repayment amounts, both of us would have to work 7 days a week, whilst I was trying to complete a nursing degree as well.

    High point: Cutting up 2 credit cards, after getting the overcharged fees back, and having managed to save up enough money to allow the OH to pursue his dreams, meaning a temporary drop in wages as he re-trains.

    Tip: Save up for the things you think you really want - when it comes to it and you have to part with your hard earned (saved) cash, you might not think it's so important any more.
    Last edited by v8monkeyboy; 04-06-2010 at 5:15 PM. Reason: Fat fingers.....
    • Spirit
    • By Spirit 5th Jun 10, 12:01 AM
    • 5,497 Posts
    • 48,152 Thanks
    Lowest point About 18 months after LBM when the novelty of money saving had worn off, we were having a very bad personal time following bereavement, I was not enjoying my job, our only child was clinically depressed and we had "nothing to look forward to" and the debt busting had slowed to a trickle and I was rarely looking at MSE.

    High Telling a fellow poster in a PM about our loss, getting instant support that made me want to get back on here to benefit from the warmth and concern. That led me to look at some of the long term threads on Old Style and Diaries and they continue to be an inspiration to me.

    Top tip If you fall off the MSE bike just get back on. If you think you are living on very little read the "Its tough now" thread on Old Style, wonder at the frugal living of Weezl and others, read Hypno's diary of optimism, personal challenge, sport, and increasing income to fund an ambitious 'fun and frolics' lifestyle. It is not a competition but you can learn from others.
    • SuzySu
    • By SuzySu 5th Jun 10, 1:30 AM
    • 3,451 Posts
    • 3,118 Thanks
    More.....more....I want to read more....
    YOUR = belonging to you (your coat); YOU'RE = you are (I hope you're ok)'s not hard to understand
    • tealady
    • By tealady 5th Jun 10, 5:53 AM
    • 2,868 Posts
    • 3,536 Thanks
    Lowest point - having to sign away my house cos I needed to get away without a large debt.
    Highest point - realizing by overpaying my mortgage it will be paid a few years earlier.
    Best tip - coming onto this site, there are moneysaving ideas to suit every lifestyle and budget
    Proud to be an MSE nerd
    Judge people by their achievements, not by their mistakes
    • Jinx
    • By Jinx 5th Jun 10, 7:30 AM
    • 1,738 Posts
    • 2,882 Thanks
    Lowest point - realising I just could not pay my credit cards and then adding up my debts

    Highest point - marking debts in my 'debt' folder as 'settled' with a little Also finding MSE - a real lifesaver!!

    MSE Tip - Teach your children about MSE.... My 18 year old is now fairly well educated money & MSE wise, uses this site and we talk money regularly. Hopefully she'll avoid the pitfalls.
    Light Bulb Moment - 11th Nov 2004 - Debt Free Day - 25th Mar 2011
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