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  • FIRST POST
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 5th Jul 16, 12:59 PM
    • 232Posts
    • 465Thanks
    little_miss_spendtoomuch
    Must stop spending
    • #1
    • 5th Jul 16, 12:59 PM
    Must stop spending 5th Jul 16 at 12:59 PM
    Hello,

    I have been reading these threads for a few years now and been in debt most of my adult life.
    Until 2015 I was living way beyond my means and spending too much on credit cards so my debt was always increasing. In May 2015 I finally stopped and started to pay off my debt.
    In May last year my debt was at it's highest of 11685. I got a new job which helped me to make a dent and today my debt stands at 7647. Over the year I was also saving for my wedding abroad which has been and gone but I now have two more holidays booked. I know it's not sensible to go on holiday when I have debt but I need something to look forward to! My holidays just gone was the first time I have actually saved and paid for a holiday without putting it on a credit card.
    I currently pay around 300 each month dd to my 2 cards but am going to increase this to 550 a month to clear the debt sooner. I'm also putting 250-300 a side for my two holidays. One is our honeymoon.
    I guess I'm starting this diary to keep motivated. I have been at this stage before where I want to stop spending and pay big chunks off but a few weeks later I am back where I started.
    Enough is enough now though and I want to get it cleared.
    I'm 30 and we want to move from our flat to a house and start a family.
    Really hoping that by doing this diary it will help me keep track of my spending and then I will see where those pennies disappear to each month...
Page 13
    • kirtsypoos
    • By kirtsypoos 26th Apr 17, 7:00 PM
    • 3,423 Posts
    • 14,971 Thanks
    kirtsypoos
    Wow, congrats! That's a huge milestone!

    Have a wonderful holiday LMSTM
    PAID VERY, Barclaycard x3, Vanquis, Natwest, O/D, Tesco & MBNA x2 PAID LBM 24/07/15 - Original Debt: 0/31010.23 (100% paid)
    Mortgage - 158.500.00 (2017/2018 O/P 3491.79) PAYDBX 17 - 18,442.82
    PAYDBX 18 #006 3850.92/4000
    • abba1772
    • By abba1772 27th Apr 17, 8:17 AM
    • 4,666 Posts
    • 15,922 Thanks
    abba1772
    Woo hoo to being under 3k that's fantastic..............hope you have a fab holiday 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 4012.74
    • GeorgianaCavendish
    • By GeorgianaCavendish 27th Apr 17, 5:02 PM
    • 600 Posts
    • 3,556 Thanks
    GeorgianaCavendish
    It's pay day tomorrow!! which means my cc direct debits will be going out shortly which means my debt is soon to be below 3k!! Woo
    Originally posted by little_miss_spendtoomuch
    What brilliant news! It must feel so satisfying to update your signature with the new figures
    Working towards being debt free by 31st March 2020!
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 2nd May 17, 5:10 PM
    • 232 Posts
    • 465 Thanks
    little_miss_spendtoomuch
    Thanks everyone!!! I'll be updating my signature soon. I'm not below 3k yet as my cards on on direct debits. 100 went onto cc2 this morning so my debt is now 3200. My 300 dd isn't going out until the 8th and I will be on holiday then but I'll be coming home to debt below 3k! Woop.
    Cc2 debt is now 1900
    May 2015: 11685.56 / November 2017: 2076
    Credit card: 302
    Paid back : 700 / 2476
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 14th May 17, 1:39 PM
    • 232 Posts
    • 465 Thanks
    little_miss_spendtoomuch
    My debt is below 3k!
    My debt is below 3k!!! 2900
    May 2015: 11685.56 / November 2017: 2076
    Credit card: 302
    Paid back : 700 / 2476
    • abba1772
    • By abba1772 15th May 17, 8:37 PM
    • 4,666 Posts
    • 15,922 Thanks
    abba1772
    My debt is below 3k!!! 2900
    Originally posted by little_miss_spendtoomuch

    Go you
    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 4012.74
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 30th May 17, 8:10 AM
    • 232 Posts
    • 465 Thanks
    little_miss_spendtoomuch
    Debts now down to 2800. I'm slowly chipping away at it.

    Our estimated house completion is the end of June but I'm not convinced. We went over to the site yesterday to have a look and although our house looks the ready the houses around it don't.
    I'm desperate to move but at least every week we spend at my parents it's more money I can pay towards debt. We spent the weekend looking around different hardware stores and furniture shops to get an idea of things we like and the costs. It's great to shop around because we have found some massive price differences and we want to be sensible and save money where we can. The only big expense will be a new mattress. I've had terrible sleep because of our old one and wake up in pain. Problem is the one I want is really expensive.

    My work have changed my pay day starting this month. I should have been paid last Friday but now I get paid on the last day of every month.
    Annoying because my dd for cc2 goes out on the 30th so will always need to make sure I have 100 ready. It went out today and impressively I have still managed to have 100 left in my account before pay day tomorrow so I will transfer another 100 tomorrow when I get paid.

    Im still trying to get as much cleared by myself before we move and before I turn to our savings to pay the rest.
    May 2015: 11685.56 / November 2017: 2076
    Credit card: 302
    Paid back : 700 / 2476
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 31st May 17, 8:29 AM
    • 232 Posts
    • 465 Thanks
    little_miss_spendtoomuch
    Just paid 100 onto cc1 bringing that card down to 900
    300 dd is due to go onto that card on the 6th.

    Total debt is now 2700.
    May 2015: 11685.56 / November 2017: 2076
    Credit card: 302
    Paid back : 700 / 2476
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 6th Jun 17, 8:56 AM
    • 232 Posts
    • 465 Thanks
    little_miss_spendtoomuch
    300 dd has gone out onto cc1 today bringing that balance down to 600. 600!! I only did a 2k balance transfer on it in Feb. Where has it all gone? It feels good knowing I have paid so much off

    Cc2 still stands at 1800 so my total debt is now only 2400.

    I'm starting to lose my way a bit. I'm still paying as much off as I can but I haven't got the same motivation I did a year ago. I don't get a buzz when the figures go down and it used to be my main attention.
    I think because it's taken a lot longer than I thought it would and now I'm nearly at the end, the figure of 2400 doesn't look so frightening. Don't get me wrong I still want it gone.

    Our house builders phoned yesterday to say they will be serving our two weeks notice next Wednesday with completion on 28th June! I can't believe it!!

    My debt needs to be clear for my new mortgage so it looks like that was my last credit card payment. I will have to use our joint savings from the sale of our flat to clear my cards before our move. I think I need to do it sooner rather than later so it shows on my record that it's been paid off.
    I just feel so bad using our money and not paying it myself. I feel like I'm cheating.

    I'm then going to set up a realistic standing order to pay back the money each month until it's all paid back. I think I will probably do 400 a month for 6 months. Just need to work out that I can actually afford that though because our mortgage will be higher and my travel to work will be a lot more but I'm not saving for a big Florida holiday which will help.
    Wish I could do it sooner than 6 months. I had dreams of being debt free before we moved into our new home. I wanted a fresh start.

    I also need to save spending money for Ibiza in August.

    I've set aside 800 this month and my husband has saved 1000 for when we move to pay for new things we want like a garden shed, lawn mower, plants, blinds,new lighting etc! There is no way I am putting anything on a credit card this time!! If I can't afford it, I'll wait until I can!
    May 2015: 11685.56 / November 2017: 2076
    Credit card: 302
    Paid back : 700 / 2476
    • kirtsypoos
    • By kirtsypoos 6th Jun 17, 9:12 AM
    • 3,423 Posts
    • 14,971 Thanks
    kirtsypoos
    So exciting LMSTM

    You've done amazingly well, and it's not like you aren't paying it off - it's your money anyway, AND you are paying it back.

    When you get to smaller figures it's so easy to take your eye off the ball - I've been there, but it will be worth it in the end. In 6 months you will owe no-one anything and think about what you can do with all the spare money - you won't need to put things for the house on credit because you'll have the disposable income - worth every moment of struggle
    PAID VERY, Barclaycard x3, Vanquis, Natwest, O/D, Tesco & MBNA x2 PAID LBM 24/07/15 - Original Debt: 0/31010.23 (100% paid)
    Mortgage - 158.500.00 (2017/2018 O/P 3491.79) PAYDBX 17 - 18,442.82
    PAYDBX 18 #006 3850.92/4000
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 6th Jun 17, 10:20 AM
    • 232 Posts
    • 465 Thanks
    little_miss_spendtoomuch
    Thanks kirtsypoos
    I don't like to wish my life away but I can't wait to be debt free.
    We will still have a bit of money left over in savings so I know I'm in a good position and do appreciate that I'm just so annoyed with myself.
    We need to buy a second car when we move and we can't decide whether to just buy a cheap car second hand or buy a car on finance...
    May 2015: 11685.56 / November 2017: 2076
    Credit card: 302
    Paid back : 700 / 2476
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 8th Jun 17, 5:03 PM
    • 232 Posts
    • 465 Thanks
    little_miss_spendtoomuch
    My husband has saved 1000 to buy stuff when we move and at the beginning of this month I had nothing so on pay day I put aside 800. 800 is what I used to put in our joint account each month when we lived in the flat to cover half our bills and mortgage.
    Today I received a refund I was due so have just transferred 200 and I now have 1000 saved too I like to keep things fair.
    When we move we should have around 8000 joint savings left. I'm going to pay off my cards with it and then the rest will be used towards a car and I will pay back what I borrow.
    May 2015: 11685.56 / November 2017: 2076
    Credit card: 302
    Paid back : 700 / 2476
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 9th Jun 17, 1:22 PM
    • 232 Posts
    • 465 Thanks
    little_miss_spendtoomuch
    Soooo I just went and paid off the balance of credit card 2 with the savings from the sale of our flat. That's 1800 of debt written off. Feels pretty good!
    I have 600 left on credit card 1. That means I just have 600 of official debt. 600!!
    I definitely feel like I have cheated though.

    Once we have moved I will work out what I can afford to pay back each month.
    I've promised hubby I will pay it back by Christmas. Not that he's asked when or said I have to. He's so nice and understanding about it all
    May 2015: 11685.56 / November 2017: 2076
    Credit card: 302
    Paid back : 700 / 2476
    • Purplemumof2
    • By Purplemumof2 9th Jun 17, 2:04 PM
    • 6,028 Posts
    • 22,040 Thanks
    Purplemumof2
    Well done x
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: 6500.00 Cap 1: 417.28 BC: 8224.59 (temporary)
    AFD xxx LTW 15/16
    POAMAYC 2018 #041 PD 3790.84/7000
    Savings for Christmas 131.00/365
    20p Savers 2018 2 Savers 2018 50p Savers 2018 SPC 11 2018 #003
    • abba1772
    • By abba1772 9th Jun 17, 8:24 PM
    • 4,666 Posts
    • 15,922 Thanks
    abba1772
    Soooo I just went and paid off the balance of credit card 2 with the savings from the sale of our flat. That's 1800 of debt written off. Feels pretty good!
    I have 600 left on credit card 1. That means I just have 600 of official debt. 600!!
    I definitely feel like I have cheated though.

    Once we have moved I will work out what I can afford to pay back each month.
    I've promised hubby I will pay it back by Christmas. Not that he's asked when or said I have to. He's so nice and understanding about it all
    Originally posted by little_miss_spendtoomuch

    Well done........600 I would love to be down to 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 4012.74
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 20th Jun 17, 7:12 AM
    • 232 Posts
    • 465 Thanks
    little_miss_spendtoomuch
    I wish it was just 600! I still owe our savings 1800 but only 600 will be on my record.

    So things are moving with our house and we actually get the keys next week!!! Can't believe it. I'm so excited. We went to see it last week and we are so pleased with all our choices. I sent the money over to the solicitor yesterday so I'm no longer rich

    We want to get blinds when we move in. Not sure whether to pay a company to do it or buy them and try and do it ourselves. There is a local company who said they would give us a rough estimate based on our measurements so will send those over today.
    We found out that we have to have an aerial installed on the house which we had no idea about. When we moved into our flat it was all ready to go and we just plugged in the TV! So now we have to find someone who can do that for us. I have no idea what it will cost...
    I think it's going to be an expensive few weeks coming up!
    May 2015: 11685.56 / November 2017: 2076
    Credit card: 302
    Paid back : 700 / 2476
    • abba1772
    • By abba1772 20th Jun 17, 4:55 PM
    • 4,666 Posts
    • 15,922 Thanks
    abba1772
    How exciting, the first few months are always expensive but you'll settle in no time 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 4012.74
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 30th Jun 17, 7:15 AM
    • 232 Posts
    • 465 Thanks
    little_miss_spendtoomuch
    We've got the keys to our new house!! Been a manic week and I'm exhausted but very happy. Going to spend the weekend moving all our furniture from storage. Can't wait until we have everything in place and we can relax.

    I borrowed 1800 from our savings to clear one of my credit cards so I have renamed one of my empty savings account to pay the money back to.
    It's pay day day today so I have just paid 200. 1600 to go!
    I have changed my direct debit for cc1 down to 200 rather than 400 as I think the next few months will be expensive with the move. That goes out next week so my total debt will go down to 2000.
    May 2015: 11685.56 / November 2017: 2076
    Credit card: 302
    Paid back : 700 / 2476
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 6th Jul 17, 1:04 PM
    • 232 Posts
    • 465 Thanks
    little_miss_spendtoomuch
    Wow I joined this forum a year ago! In that time I have cleared just over 5k of debt
    I feel quite proud when I see it written down like that.
    We are settling into our new home and I'm still be sensible and not rushing to buy anything. We still have over 6k in our house fund but I don't plan to spend much of it. We have kept all our furniture from our old flat so other than a spare bed and the blinds we really don't need to buy anything.
    200 will be going onto my credit card on Monday.
    May 2015: 11685.56 / November 2017: 2076
    Credit card: 302
    Paid back : 700 / 2476
    • clearmydebts
    • By clearmydebts 6th Jul 17, 3:22 PM
    • 6,093 Posts
    • 17,563 Thanks
    clearmydebts
    Wow I joined this forum a year ago! In that time I have cleared just over 5k of debt
    I feel quite proud when I see it written down like that.
    We are settling into our new home and I'm still be sensible and not rushing to buy anything. We still have over 6k in our house fund but I don't plan to spend much of it. We have kept all our furniture from our old flat so other than a spare bed and the blinds we really don't need to buy anything.
    200 will be going onto my credit card on Monday.
    Originally posted by little_miss_spendtoomuch
    Well done on clearing 5k in a year! Hope your new house is going very well
    Total debt (starting September 2016): 19,500/27,000
    BOI credit card: 4,700/7,000
    Loan:14,800/
    Savings: 0
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