Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • kindofagilr
    • By kindofagilr 24th Mar 14, 3:43 PM
    • 6,721Posts
    • 22,778Thanks
    kindofagilr
    This is it *ping* lightbulb!!!
    • #1
    • 24th Mar 14, 3:43 PM
    This is it *ping* lightbulb!!! 24th Mar 14 at 3:43 PM
    Hi all

    Been a member of this forum for a while, I thought I had had my lighbulb moment in the past but clearly I had not!!!

    We (OH and I) have nearly 44k of debt not inc our mortgage

    We have two gorgeous little ones and I am sick of having no money for them to do things (son is old enough to start swimming lessons now and I really want him to be able to do things like that)

    We were all depressed about the figure and wondering how on earth we were going to pay it off, thinking it was going to take 10 years +

    I spent all of yesterday ringing the credit card companies and getting the APRs for my accounts, then we snowballed it
    .
    .
    .
    .
    .
    .
    .
    And to my MASSIVE suprise, if we can scrape even just £20 from somewhere in the budget and snowball the way the calc tells us we will be debt free in 4.5 years!!!!

    That has made me and OH feel even more positive about it all!

    I will try and not bore you all with my diary ... but it prob will be lol

    We sent some things to music magpie yesterday, they said they will pay £62 for them, now I just hope they pass their checks and we get the £62 (they should do)

    And we have some things on ebay due to end in 6 days.

    Heres to being debt free
    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)
Page 1
    • kindofagilr
    • By kindofagilr 25th Mar 14, 8:04 AM
    • 6,721 Posts
    • 22,778 Thanks
    kindofagilr
    • #2
    • 25th Mar 14, 8:04 AM
    • #2
    • 25th Mar 14, 8:04 AM
    Yay one bid on one of our ebay listings so thats £25 for sure (as long as they pay lol)
    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)
    • kindofagilr
    • By kindofagilr 25th Mar 14, 5:15 PM
    • 6,721 Posts
    • 22,778 Thanks
    kindofagilr
    • #3
    • 25th Mar 14, 5:15 PM
    • #3
    • 25th Mar 14, 5:15 PM
    Just checked ebay again, and we have a bid on another item for £70 yay so happy.

    That has cheered me up, I suddenly came down in a cloud of sadness as I was leaving work today and was crying on the way home, I think although I am motivated to do this, it's still very daunting

    But we will get there we are determined 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)
    • dawnybabes
    • By dawnybabes 25th Mar 14, 6:13 PM
    • 1,616 Posts
    • 4,116 Thanks
    dawnybabes
    • #4
    • 25th Mar 14, 6:13 PM
    • #4
    • 25th Mar 14, 6:13 PM
    Small steps, day by day. You are bound to have bad days xx
    Sealed pot challenge 822

    Jan - £176.66
    • kindofagilr
    • By kindofagilr 26th Mar 14, 8:11 AM
    • 6,721 Posts
    • 22,778 Thanks
    kindofagilr
    • #5
    • 26th Mar 14, 8:11 AM
    • #5
    • 26th Mar 14, 8:11 AM
    Thank you

    I feel a bit better today thanks. You are right small steps, slow and steady wins the race.

    Dying to know if Music Magpie are going to give me the full £62 (heard horror stories that sometimes they dont give you the full amount) but so far they havent received the items (we do have receipts from collect plus for them tho) 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)
  • RainbowBridgeReturns
    • #6
    • 26th Mar 14, 8:31 AM
    • #6
    • 26th Mar 14, 8:31 AM
    Debt free in 4.5 years is phenomenal. Don't take your eyes of that prize!

    I think we all need to find ways of making this journey enjoyable, if we are going to stick at it for the long haul. That is not the same for everybody, different things float different boats, but find what keeps you happy and sane, and enjoy it, in moderation of course !!

    You can do it xx.
    "I wondered why the Frisbee was getting bigger, and then it hit me". £9/£250
    Project Peacock - 2/33 - 1lb/7lb target.
    £6.00 a day challenge £118.77/£170
    Mtge debt includes car purchase - £46,381/ now £44,336 - Paid 4.4%
    Emergency Savings 550.00/£1000
    • CAFCGirl
    • By CAFCGirl 26th Mar 14, 8:39 AM
    • 8,722 Posts
    • 19,408 Thanks
    CAFCGirl
    • #7
    • 26th Mar 14, 8:39 AM
    • #7
    • 26th Mar 14, 8:39 AM
    Firstly you should give yourself a MASSIVE pat on the back for being proactive to even just think about this, and then for ringing up, making the concise effort to even snowball, and then for building your resolve to do it!

    You can do it, and you will do it I have the greatest of faith in you.

    Fingers crossed for Music Magpie, and your ebay items xx

    10 years and still don't have a clue what I'm doing

    Trying to get by on a single Emergency Services income
    Fashion On The Ration Coupons 46\66 IT'S THE YARN
    • Avogirly
    • By Avogirly 26th Mar 14, 8:45 AM
    • 750 Posts
    • 2,088 Thanks
    Avogirly
    • #8
    • 26th Mar 14, 8:45 AM
    • #8
    • 26th Mar 14, 8:45 AM
    Well done you! Keep going with the diary, it's the tough times when you will need it the most. I'm here if you ever need a chat, remember you are not alone in this battle.

    *SUBSCRIBED*
    October make £10/day currently £11.02
    • jwil
    • By jwil 26th Mar 14, 11:19 AM
    • 10,915 Posts
    • 39,708 Thanks
    jwil
    • #9
    • 26th Mar 14, 11:19 AM
    • #9
    • 26th Mar 14, 11:19 AM
    Good luck
    "If you can dream it, you can do it". Walt Disney
    • kindofagilr
    • By kindofagilr 26th Mar 14, 3:21 PM
    • 6,721 Posts
    • 22,778 Thanks
    kindofagilr
    Thank you everyone for your replies, makes me smile

    Yes you are def right RBR 4.5 years is great, I really thought it would be longer than that and was very plesantly suprised when it snowballed and gave us that time frame

    I am very much a "need a visual" type person, so I have decided to use my spare A4 notebook I have kicking around, to use a page for a month, and list each debt on it, how much I have paid, and then when the statement comes in the current balance, also listing any overpayments I make, I will also use it to keep track of petrol and shopping for each month (which I was thinking might help me see a pattern if we spend more on certain months, I imagine we spend more on petrol in the summer as we probably go out and about a lot more) Then will have total debt and total paid at the bottom of each page, I think it will help me see how well we are doing in getting it paid off and will spur me on more.

    Thanks for reading 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)
  • National Debtline
    Good luck in your quest!

    - David.
    We work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps
    • GunWharf
    • By GunWharf 26th Mar 14, 6:30 PM
    • 307 Posts
    • 1,017 Thanks
    GunWharf
    Good luck! Slow and steady, even £1 overpayment makes you feel great!
    (Debt Jan 2014 LBM £34,000) Current 2016 "Problems" as follows:

    C Cards 1,2,3,4 WAS £18,333 NOW£0 ...Overdraft WAS £2700 NOW£0
    Secured Loan
    WAS £4113 NOW£0.......Loan WAS £8864 NOW £6,000

    DEBT TODAY = £6,000
    (£28,000 PAID OFF SO FAR!)
    • kindofagilr
    • By kindofagilr 27th Mar 14, 5:47 AM
    • 6,721 Posts
    • 22,778 Thanks
    kindofagilr
    Thanks, I'm very excited to start making overpayments

    Really need to stop checking my ebay listings, usually they don't get bid on a lot till the last day 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)
    • kindofagilr
    • By kindofagilr 27th Mar 14, 5:56 AM
    • 6,721 Posts
    • 22,778 Thanks
    kindofagilr
    My aims for April:

    1. Stick to our £200 shopping budget (or less)
    2. Stick to our £200 petrol budget (or less)
    3. Have 10 no spend days
    4. Overpay CC by £20
    5. List ten things on amazon/ebay
    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)
    • CAFCGirl
    • By CAFCGirl 27th Mar 14, 7:07 AM
    • 8,722 Posts
    • 19,408 Thanks
    CAFCGirl
    that sounds like a great plan

    10 years and still don't have a clue what I'm doing

    Trying to get by on a single Emergency Services income
    Fashion On The Ration Coupons 46\66 IT'S THE YARN
    • kindofagilr
    • By kindofagilr 27th Mar 14, 6:13 PM
    • 6,721 Posts
    • 22,778 Thanks
    kindofagilr
    Is it normal to want to fast forward to the end of April lol, I can't wait to start making overpayments, best not get ahead of myself tho

    March was a total failure, 3 direct debits bounced, one credit card was paid twice!! We need to get our act together.

    Our ebay sales and music magpie sales will cover the extra we need for the bounced direct debits.

    Managed first no spend dat today yay (my bill month started yesterday when oh got paid) 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)
    • mumto2monkeys
    • By mumto2monkeys 27th Mar 14, 6:30 PM
    • 262 Posts
    • 3,152 Thanks
    mumto2monkeys
    I'm like this - I always want to move along to the next payday!
    • DawnW
    • By DawnW 27th Mar 14, 6:49 PM
    • 5,709 Posts
    • 45,552 Thanks
    DawnW
    well done for being proactive and doing the snowball calculation

    Why not try some of the challenges on the DFW board to keep you motivated? The payment a day one is good, and can be strangely addictive - I used to do this with my mortgage when it came off fixed rate

    You can make a surprising amount from selling 'stuff' you no longer want, too.

    Music Magpie - I always found them good to deal with.

    You will get there - lots of us on here have x

    • kindofagilr
    • By kindofagilr 27th Mar 14, 7:00 PM
    • 6,721 Posts
    • 22,778 Thanks
    kindofagilr
    Lol wishing our lives away M2TM


    Thanks for the message dawn we are currently waiting for payment from music magpie for some things

    We have 13 things listed in ebay ... Fingers crossed

    I will have a look through more of the challenges 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)
    • kindofagilr
    • By kindofagilr 28th Mar 14, 7:27 PM
    • 6,721 Posts
    • 22,778 Thanks
    kindofagilr
    God our finances were well and truly messed up in march, I totally just failed to keep track of spending, it was my sons fourth birthday and we went in holiday for 5 days, it messed up the spends big time, and one of our credit cards ended up being paid twice doh!!

    So this week we have had three credit card payments bounce, in the past we have buried our heads, but this time we are feeling positive and feel good in the knowledge that the money from music magpie and ebay sales (not finished yet but enough have been bid on to cover the bounced payments) will cover the bounced payments.

    I keep having to chivvy OH along and saying to him at least we have more money coming in than going out, so while it's tight and we really need to keep an eye on it, at least we can pay the bills
    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)
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

2,094Posts Today

8,194Users online

Martin's Twitter