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  • FIRST POST
    • debtaghh
    • By debtaghh 27th Jul 16, 10:00 AM
    • 1,223Posts
    • 4,625Thanks
    debtaghh
    I want to stop drowning
    • #1
    • 27th Jul 16, 10:00 AM
    I want to stop drowning 27th Jul 16 at 10:00 AM
    Hi,

    I am not sure where to start or what I want from this but here goes ...

    We are in major debt and things seem to be getting worse, I have been looking at this site for years and know there is no point me posting my soa as we literally can't cut back any more e.g

    food shop for fam of 5 240- if you can help me reduce this then that would be great. I shop at Aldi, Lidl etc and have most shops locally.
    We just got rid of sky and have reduced mobiles, gas etc.

    We can't do an iva or dmp etc as we are in rented accomadation and I know estate agents can use guarantors etc but we don't have one plus they are not that keen as I have mentioned it before to them. Where we live , it's really hard to rent as there are limited properties and having bad credit would just go against us which we really can't do.

    Our biggest issues are that I do things that I end up regretting e.g booking holidays in the uk which still add up, book parties for the kids etc. I don't know how we got into so much debt but assume it must be down to this and i've never been on a good salary. My business has been hit badly and never recovered. I'm currently looking for a part time job but can't see this happening soon as I need it to be enough salary to cover childcare for my baby. My husband is on a good salary but works shifts which means I can't rely on him for childcare help and we don't have any family that can help us. I've tried working for direct selling companies and sell things on music magpie, ebay and gumtree ( I literally have nothing else to sell). I use cashbaack sites too and did do surverys but never seem to be eligible but will stary back with that- any recommendations for good ones? Or any ideas of making more money from home?

    We are due to go away soon and I would love to have advice on how we can save money on food whilst staying at a hotel, I thought I will bring snacks from home and croissants, drink cartons for breakfast but don't want to be speending loads on lunch and dinners.

    I also feel pressure from my family when it comes to birthdays and christmas time with regards to buying expensive pressies. We have a holiday booked at christmas too ( I know not ideal).

    I supoose I'm writng this to start afresh as I can't carry on like this anymore. I am severly depressed and wake up exhausted every day and have no motivation to do anything. I feel like we are drowing in debt. I am currently receiving cbt but in all honesty the crux of the situation is the debt is the issue. I'm sick of having regrets and living life like this so fingers crossed to new me, it' going to take years but here goes.....
Page 63
    • enthusiasticsaver
    • By enthusiasticsaver 8th May 18, 7:09 PM
    • 6,394 Posts
    • 13,132 Thanks
    enthusiasticsaver
    Good luck for job and fingers crossed you sort out a new house soon too.
    Debt free and mortgage free and early retiree. Living the dream

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages and Endowments, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • debtaghh
    • By debtaghh 8th May 18, 7:14 PM
    • 1,223 Posts
    • 4,625 Thanks
    debtaghh
    Thanks. We should hopefully know more about both by the end of the week.
    Debt 16th October 2017: Cc 49,987- family 37,561: total debt 87549

    Current debt: Cc 44,810 , Family 39,417 total debt 84,227

    Frugal living challenge # 10- 8000 presents/ food/ entertainment/clothes/shoes/haircuts
    • Cumbria lass
    • By Cumbria lass 9th May 18, 6:45 AM
    • 1,795 Posts
    • 10,816 Thanks
    Cumbria lass
    Everything crossed for good news on both fronts.
    CC1 3475 May 2018
    • debtaghh
    • By debtaghh 11th May 18, 9:35 PM
    • 1,223 Posts
    • 4,625 Thanks
    debtaghh
    Hi,

    It's been ridiculously busy here!

    Don't want to jinx things as I haven't received contracts but I have been offered a job and we have found a house!!!!

    Pros and cons:
    Job:

    Hours are perfect and role is exactly what I wanted
    Feeling anxious being in an employed environment. The pay isn't great.

    House

    Lovely location
    Rent is higher

    I'm not getting too excited about either until we sign contracts.

    Hope everyone is well.
    Debt 16th October 2017: Cc 49,987- family 37,561: total debt 87549

    Current debt: Cc 44,810 , Family 39,417 total debt 84,227

    Frugal living challenge # 10- 8000 presents/ food/ entertainment/clothes/shoes/haircuts
    • Cumbria lass
    • By Cumbria lass 11th May 18, 9:54 PM
    • 1,795 Posts
    • 10,816 Thanks
    Cumbria lass
    I have been looking out for an update , so so pleased for you . I hope this will be a wonderful new start for you and your family after months of uncertainty.

    Have a lovely weekend , welcome back to the land of work. You should be very proud .
    CC1 3475 May 2018
    • enthusiasticsaver
    • By enthusiasticsaver 12th May 18, 12:14 AM
    • 6,394 Posts
    • 13,132 Thanks
    enthusiasticsaver
    Hopefully things will start to get better for you. The job will be a start back into the working world for you and having an additional salary will help improve your situation. Fingers crossed the house works out too for you.
    Debt free and mortgage free and early retiree. Living the dream

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages and Endowments, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 12th May 18, 5:52 AM
    • 1,324 Posts
    • 6,170 Thanks
    wishingthemortgaheaway
    Congratulations on the job and the house (hopefully) this could be the start of something new and better.
    The 100 payment countdown (each payment = 400) 2018 Starts at 13/100 o/s 34,750.
    Jan 18 14/100 Feb 15/100 March 18/100 April 19/100
    Term Mortgage free date: October 2029 Current mortgage free date: April 2025 March 2024 Jan 2024
    MFW 2018 Challenge Member #162 1600ish/2,500
    • debtaghh
    • By debtaghh 12th May 18, 6:45 AM
    • 1,223 Posts
    • 4,625 Thanks
    debtaghh
    Thanks guys. It feels too good to be true at the min!

    Hope everyone has a lovely weekend.
    Debt 16th October 2017: Cc 49,987- family 37,561: total debt 87549

    Current debt: Cc 44,810 , Family 39,417 total debt 84,227

    Frugal living challenge # 10- 8000 presents/ food/ entertainment/clothes/shoes/haircuts
    • MrsSave
    • By MrsSave 12th May 18, 7:12 AM
    • 1,518 Posts
    • 4,823 Thanks
    MrsSave
    Congratulations. Two lots of great news
    Mortgage Overpayment (May): 1.14/20
    Finally debt free (other than the mortgage) - 05/02/18
    Check out my debt free diary 'Mrs S.....life after debt' below:
    • Storm89
    • By Storm89 13th May 18, 6:44 AM
    • 489 Posts
    • 863 Thanks
    Storm89
    Congratulations on the house and the job. There's never going to be a perfect scenario but it's a foot in the door with work & can hopefully help with the higher rent at the new place. Brilliant news
    • debtaghh
    • By debtaghh 13th May 18, 11:36 AM
    • 1,223 Posts
    • 4,625 Thanks
    debtaghh
    Hi,

    I after some advice please. The house is going to cost us 250 more a month but that's the norm for this area. I'm feeling quite stressed about this because I won't be earning loads so my income will just cover the difference and nursery fees. We won't be any better off financially and this is worrying considering we struggle so much.
    Debt 16th October 2017: Cc 49,987- family 37,561: total debt 87549

    Current debt: Cc 44,810 , Family 39,417 total debt 84,227

    Frugal living challenge # 10- 8000 presents/ food/ entertainment/clothes/shoes/haircuts
    • Cumbria lass
    • By Cumbria lass 13th May 18, 11:45 AM
    • 1,795 Posts
    • 10,816 Thanks
    Cumbria lass
    The question you have to ask yourself is how will you afford the extra 250 a month if you don't take the job?

    Nursery fees won't be forever , when your little one is 3 they will get some free hours . I think you need to think long term.

    Just my thoughts obviously.
    CC1 3475 May 2018
    • debtaghh
    • By debtaghh 13th May 18, 11:47 AM
    • 1,223 Posts
    • 4,625 Thanks
    debtaghh
    I'm taking the job I more meant what to do about the house. It's ridiculous the amount it costs to rent a 3 bed house.
    Debt 16th October 2017: Cc 49,987- family 37,561: total debt 87549

    Current debt: Cc 44,810 , Family 39,417 total debt 84,227

    Frugal living challenge # 10- 8000 presents/ food/ entertainment/clothes/shoes/haircuts
    • Cumbria lass
    • By Cumbria lass 13th May 18, 11:50 AM
    • 1,795 Posts
    • 10,816 Thanks
    Cumbria lass
    As you say it is a lot about 1450 is that right ? What is the position with the landlord at your home now, I thought they wanted to sell ?
    CC1 3475 May 2018
    • debtaghh
    • By debtaghh 13th May 18, 11:53 AM
    • 1,223 Posts
    • 4,625 Thanks
    debtaghh
    The landlord wants to move back in. I'm wondering whether we should look further afield but keep the kids still at school locally. Just seeing what there is out there for cheaper.
    Debt 16th October 2017: Cc 49,987- family 37,561: total debt 87549

    Current debt: Cc 44,810 , Family 39,417 total debt 84,227

    Frugal living challenge # 10- 8000 presents/ food/ entertainment/clothes/shoes/haircuts
    • Cumbria lass
    • By Cumbria lass 13th May 18, 11:58 AM
    • 1,795 Posts
    • 10,816 Thanks
    Cumbria lass
    I guess it's all about logistics , getting kids to school , nursery , then you to work. DH how long will his journey be ? Do you have 2 cars , extra petrol for you . Will you be paying less moving further out , or will it be the same after adding all of the above on.

    Needs some thinking.

    Am sure ES will be along with her great advice,
    CC1 3475 May 2018
    • debtaghh
    • By debtaghh 13th May 18, 12:10 PM
    • 1,223 Posts
    • 4,625 Thanks
    debtaghh
    Thanks Cumbria , the extra 250 includes an extra car and the expenses. Just looking at other areas to see if it's doable.
    Debt 16th October 2017: Cc 49,987- family 37,561: total debt 87549

    Current debt: Cc 44,810 , Family 39,417 total debt 84,227

    Frugal living challenge # 10- 8000 presents/ food/ entertainment/clothes/shoes/haircuts
    • Cumbria lass
    • By Cumbria lass 13th May 18, 12:12 PM
    • 1,795 Posts
    • 10,816 Thanks
    Cumbria lass
    Homework for today then. Hope you find some answers.

    You will be busy new job, possibly house moving , be kind to yourself as well.
    CC1 3475 May 2018
    • enthusiasticsaver
    • By enthusiasticsaver 13th May 18, 2:27 PM
    • 6,394 Posts
    • 13,132 Thanks
    enthusiasticsaver
    I think taking the job is wise. You will get some free hours when your DC is 3 and tax free childcare will give you some help until then.

    Re the house weigh up pros and cons. Look at cheapest in the area you want and work out your costs based on paying that. Then look further afield and see if the amount you save on rent is the same or less than what you would spend on extra travel expenses and the inconvenience of longer commutes. If you are now both going to be working close to where you live now and kids are settled in school I would hesitate to move too far out.

    How will you finance another car?
    Debt free and mortgage free and early retiree. Living the dream

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages and Endowments, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • debtaghh
    • By debtaghh 13th May 18, 2:36 PM
    • 1,223 Posts
    • 4,625 Thanks
    debtaghh
    We will try and find a cheap run around and will have to use the savings. I spent time on Rightmove and to be honest rent has gone up everywhere. Even moving 40 mins away we would only save 100 on rent but then pay that on fuel. Things are going to be tight for a very long time and we need to just accept that and try and do things for free as much as possible.
    Debt 16th October 2017: Cc 49,987- family 37,561: total debt 87549

    Current debt: Cc 44,810 , Family 39,417 total debt 84,227

    Frugal living challenge # 10- 8000 presents/ food/ entertainment/clothes/shoes/haircuts
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