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  • FIRST POST
    • dipdap
    • By dipdap 1st Oct 14, 1:22 PM
    • 6,122Posts
    • 88,523Thanks
    dipdap
    Working towards being debt free, a new house and now beyond!
    • #1
    • 1st Oct 14, 1:22 PM
    Working towards being debt free, a new house and now beyond! 1st Oct 14 at 1:22 PM
    This could be a long post with a lot of rambling as I'm not sure where to start.

    Me and DH currently owe £26,059 (I know right down to the penny what we owe ) and are working our backsides off to clear it all away
    This is only a fraction of what we originally owed. I've decided to post on here (it's taken me 18 months since I joined mse to finally feel confident enough to write everything down on here) as I need it to serve as a reminder to me to keep ploughing through this debt as we both really want that end goal.

    I'll start at the beginning way back in 1999.
    We did as many people have in their twenties and ignored our parents advice and spent money we didn't have. I finally realised the extent of our debt when i signed up to check our credit reports in 2009 (for both me and DH) and saw in black and white the amount we owed. My memory is a little hazy but a recent calculation has set the figure at £68,000 in early 2009. This was the peak of our debts and i was a figure I've been scared to utter for many years since. Nobody knows exactly how bad we were, just me and after a few months DH (I initially kept it to myself while i tried to get my head round everything).
    Like many other people I have no idea where some of it has gone (3 brand new cars over the years account for quite a bit).
    On top of that we have a house which was bought for £30,000 many years ago and after remortgaging a few times (yes I know how stupid it was) the mortgage ended up at £100,000

    Seeing this written down makes me feel sick but I've felt the need to post it here to serve as a reminder to myself and DH that we will not make the same mistake again down the line.
    I set myself up a spending diary in January 2013 (back then it was a little notebook, today I have a 2014 diary) which documents every penny we spend and all money that comes in.
    I've just totted up how we've handled our debt in the last 5 years (using the free to access credit report)
    *edited to include a couple more years *

    2009 = £63600
    2010 = £62200
    2011 = £55200
    2012 = £47900
    2013 = £37600
    2014 = £26000
    2015 = £7520
    2016 = £2500

    In the last couple of months we've had an agreement in principle on the mortgage for the new house we want to buy (new build, not very mse i know) and we have about £38k in equity in this house, so the new mortgage is on the proviso that we clear all our debts before we move (I know a mortgage shouldn't be used to clear debts, but we're happy to go down that route as any spare money when we move will be used to overpay and bring down the balance).

    Sorry for rambling, we have gone it alone in clearing off the debt, I've posted on here as money recently has become less tight as monthly commitments have been removed. I don't want us to become complacent, we can keep working on this debt

    I wish I'd posted this at the start of last year, but at the same time I just couldn't bring myself to write it down
    Last edited by dipdap; 05-01-2017 at 10:50 AM. Reason: Adding new figures
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
Page 38
    • dipdap
    • By dipdap 13th Mar 18, 10:06 PM
    • 6,122 Posts
    • 88,523 Thanks
    dipdap
    Week 5 - Day 2

    Hello diary
    Sorry I've not been on for a few days been stuck at work.
    Had a productive day today, I've managed to sort out another online earning website so can add that to the one I already do (surveys and all that jazz, same as before) so hopefully that should bring in a few extra quid each month.
    Had a message today to say one of the mobiles is up for upgrade so that's the handset paid off (means the bill will be £6 a month less - I'm not upgrading it as it is currently working fine!)
    Looked into tax credits and it looks like next year we still owe £230 ish but my annual income will be lower so that means we may be entitled to some tax credits again. Means they will take the overpayment from the award and not from our bank account that's another £50 a month we will not be paying out. On top of that if we do get an award then there may be a few quid extra coming into the bank account.
    Still can't wait till later in the year when our finances should settle down a bit
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
    • dipdap
    • By dipdap 16th Mar 18, 11:20 PM
    • 6,122 Posts
    • 88,523 Thanks
    dipdap
    Week 5 - Day 5

    Evening diary.
    Can't believe a month has gone by already since I started counting down the days and weeks
    Where does the time go?
    Been a bit naughty recently, eaten more choccy and biscuits than I probably should. Have a feeling my weight will go back up again
    Trying to be careful with money. Was very impressed with myself earlier in the week. Made a sausage casserole using whoopsied veg. Never made one before and it actually tasted good
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
    • dipdap
    • By dipdap 18th Mar 18, 10:18 PM
    • 6,122 Posts
    • 88,523 Thanks
    dipdap
    Week 5 - Day 7

    Evening diary
    I decided not to go on the wii fat today as don't really want to see the result it gives me
    Can't believe another week I still over already, why does time go so much quicker when you get older
    On the plus side I feel like I'm spending less money than usual, trying so hard not to buy junk food (not working too well at the moment as keep picking up cheap Easter eggs)
    Need to give the bank accounts a once over in the morning, better check all the bills are being paid as normal
    Night!
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
    • dipdap
    • By dipdap 28th Mar 18, 10:41 PM
    • 6,122 Posts
    • 88,523 Thanks
    dipdap
    Week 7 - Day 3

    Hello diary
    Sorry I've not been on for a while, my head hasn't been in the best place for the last week or so
    I'm feeling much better now though, so all is right with the world
    So glad I've managed to lose another 2lbs not sure what my weight I sent now but it's still under 15st so that's good
    Money wise we're still crawling along. One of the credit cards got up to its £1,000 limit so I'm currently trying to push that back down (car insurance payment for the year didn't help). Looks like the bonus coming in this month will be going on that.
    Need to update on here more often, just wish I had better things to be adding every day.

    Night diary!
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
    • dipdap
    • By dipdap 8th Apr 18, 7:01 AM
    • 6,122 Posts
    • 88,523 Thanks
    dipdap
    Week 8 - Day 7

    Hello diary.
    Well it's been a busy week or so. We've been away on holiday for a few days.
    I've been working flat out doing extra hours before the end of the tax year, because we haven't been getting tax credits I figured I might as well get in as many hours as I could (we know we've been over paid but they can't take back any more than the amount they overpaid us)
    End of March was bonus payment month but it wasn't as good as it has been these last few years hopefully next year is better.
    Can't believe Easter is over already, it'll soon be Christmas at this rate
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
    • abba1772
    • By abba1772 8th Apr 18, 11:23 AM
    • 4,808 Posts
    • 16,689 Thanks
    abba1772
    Sssshhhhhh don't mention the c word
    NEXT TARGET HALIFAX CC WAS July 17 £3572.57 NOW £983.26
    POAMAYC 2011 £6382.66 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £8000.90
    POAMAYC 2017 £7278.80 POAMAYC 2018 £4422.29
    • dipdap
    • By dipdap 16th Apr 18, 10:10 PM
    • 6,122 Posts
    • 88,523 Thanks
    dipdap
    Week 10 - Day 1
    Shame on me, I don't seem to be trying to get on here as often as I should do.
    I'm trying to be good, going to eat better starting tomorrow. Now the kids are back at school I'm trying not to nibble in the daytime.
    Overtime has dried up at work again so ploughing through my online earnings instead to try and earn some extra pennies.
    Credit card hass taken a bit of a hammering recently, am dreading the debt totals by the end of the year I know they won't be earth shattering but we really need to make headway on getting rid of it once and for all.
    Better get to bed, can't believe the kids will be off school for a week in just under 6 weeks
    They always seem to be on holiday!
    Last edited by dipdap; 16-04-2018 at 10:14 PM.
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
    • dipdap
    • By dipdap 17th Apr 18, 10:26 PM
    • 6,122 Posts
    • 88,523 Thanks
    dipdap
    Week 10 - Day 2

    Evening diary.
    I remembered to come back although it is last minute and I am in bed dozing off.
    Just remembered my savings jar is still going strong can't believe it's been going nearly 4 months there must be a fair bit in it now.
    Going to brave going back on the wii fat tomorrow, it's been a few weeks and I know I've been naughty
    Better get to sleep, night diary
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
    • dipdap
    • By dipdap 19th Apr 18, 10:00 PM
    • 6,122 Posts
    • 88,523 Thanks
    dipdap
    Week 10 - Day 4

    Hello diary
    Well it seems the hot weather has started (I don't cope to well with heat ) so tonight is going to be a second night of tossing and turning, struggling to sleep while I contemplate smothering OH with a pillow just to silence his snoring
    Overtime at work is still on the low side think I need to find a new job!
    Will weigh in on the wii fat tomorrow, better see how much weight I've gained
    Bedtime for me, I'm super tired after last nights lack of sleep
    Night diary
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
    • abba1772
    • By abba1772 21st Apr 18, 5:08 PM
    • 4,808 Posts
    • 16,689 Thanks
    abba1772
    How did weigh in go xx
    NEXT TARGET HALIFAX CC WAS July 17 £3572.57 NOW £983.26
    POAMAYC 2011 £6382.66 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £8000.90
    POAMAYC 2017 £7278.80 POAMAYC 2018 £4422.29
    • dipdap
    • By dipdap 25th Apr 18, 11:38 AM
    • 6,122 Posts
    • 88,523 Thanks
    dipdap
    Week 11 - Day 3

    Hey diary, hi Abba
    I did weigh myself and I was relieved to find I'd only gained 1lb despite being very naughty. Need to start being good! (Can't remember the figure on the screen but my bmi is still below 30
    I'm still struggling to get on here more often, money is not going to great at the moment.
    I am struggling a bit with depression at the moment (stress at work isn't helping).
    A while back one of the kids had an ADOS assessment and has been placed on the ASD pathway. I think that's suddenly sunk in and knocked me back a bit.
    Couple of people have mentioned DLA but I don't think we would qualify. We've never claimed anything beyond child benefit and a small amount of tax credits as our household income is quite high.
    I'm going to grave writing down how much we owe in total (the credit cards have gone up by a couple of thousand which is making me feel bad)
    I wish life was easier at the moment, I just want to feel motivated to get off this flaming sofa!
    Going to weigh myself on the wii fat again to see if it's changed since last week.
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
    • dipdap
    • By dipdap 2nd May 18, 10:30 PM
    • 6,122 Posts
    • 88,523 Thanks
    dipdap
    Week 12 - Day 3

    Evening diary.
    Still struggling to get back on here. Struggling to get out of bed and off the sofas most days
    I feel so lazy when I can't get myself motivated to do anything I don't know why poor DH puts up with me.
    Still not much in the way of ver time at work.
    On the plus side we're about 1/3 of the way through the holiday payments now. Will be lovely to get past the mid point and be going down the other side
    Night diary
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
    • abba1772
    • By abba1772 2nd May 18, 10:47 PM
    • 4,808 Posts
    • 16,689 Thanks
    abba1772
    Sorry to hear you're feeling low dipdap have you talked to anyone about how you're feeling xx

    Please don't feel your alone........your dh loves you don't forget that xx
    NEXT TARGET HALIFAX CC WAS July 17 £3572.57 NOW £983.26
    POAMAYC 2011 £6382.66 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £8000.90
    POAMAYC 2017 £7278.80 POAMAYC 2018 £4422.29
    • dipdap
    • By dipdap 12th May 18, 8:41 AM
    • 6,122 Posts
    • 88,523 Thanks
    dipdap
    Week 13 - Day 6

    Hello diary.
    Well hopefully my mood is on it's way up again
    Overtime is back at work and I've been pulling a fair few shifts to make sure end of month pay is better. Flexible working is not good for your sanity!
    Opened up the savings jar in the kitchen for a quick count (can't believe it's been going 4 months , there's over £500 in it, we're doing really well
    Had a phone call from the travel agent to say we can now prepay for the food for our hols, that's gonna cost us £750, but luckily the intention was to use the money from the savings jar so that's nearly covered already plus we have until the end of the year to pay that.
    Debts aren't looking great, but to save my sanity I'm going to stop worrying about them for a month or so. Will re-evaluate them in the summer holidays I think.
    Kids are off school again soon, hopefully I've powered through enough overtime that I can afford to have some spare days to chill out with them
    Thanx for swinging by Abba, hope you're keeping well xx
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
    • dawnybabes
    • By dawnybabes 13th May 18, 6:15 PM
    • 1,578 Posts
    • 3,851 Thanks
    dawnybabes
    DLA isn!!!8217;t means tested and you don!!!8217;t need a label to claim.

    I help parents with this (day job) so can help you if needed
    Sealed pot challenge 822

    Jan - £176.66
    • dipdap
    • By dipdap 16th May 18, 10:31 PM
    • 6,122 Posts
    • 88,523 Thanks
    dipdap
    Week 14 - Day 3

    Hello diary.
    I'm doing well on the overtime front at the moment, end of the month should be a good pay day. Even OH is getting in on the action
    Hi Dawnybabes, I haven't filled in any dla forms yet as I don't know if we should. At the end of the day he's our Son and we've always just coped with him. I know we'll probably get down so dunno if more stuff even worth trying.
    Opened up the savings challenge jar, there's well over £500 in it (closed it back up). One of the kids had been putting some money in each week and that now needed cashing out. They were dead chuffed to find they had £50 in there
    Better try and go sleep, need some ear plugs for OH snoring
    Night!
    • dipdap
    • By dipdap 18th Jun 18, 10:06 PM
    • 6,122 Posts
    • 88,523 Thanks
    dipdap
    Hello diary.
    Well my plan to get back on here more often didn't work
    Thought I'd swing by with a quick update.
    Working all hours under the sun trying to earn extra money.
    Debts not really going down but luckily not increasing either
    Will pop back on with a new plan for what we're going to do later in the week
    Historic Debt August 2009 = £63,600 10th March 2017 = £0 100% paid all gone!
    PAYDBX2018 # 102 = £1,810 / £7,000 25% paid
    Saving for Xmas 2018 = PP £20 TCC £121 Amazon £0
    If you focus on what you have left behind, you won't see what lies ahead - Gusteau
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