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  • FIRST POST
    • remote_control
    • By remote_control 16th Aug 16, 9:19 AM
    • 280Posts
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    remote_control
    Facing up and cracking on
    • #1
    • 16th Aug 16, 9:19 AM
    Facing up and cracking on 16th Aug 16 at 9:19 AM
    Hi

    We are in debt and we need to face up to it as I do not want it to define the next few years of our life.

    In a nut shell, we moved to a house that was slightly over budget and did a lot of DIY.

    Debt as of July 2016 20,485.45

    We don't act like we're in debt, we just carry on as normal. I am hoping this diary will help to change this.

    Feel a bit scared and tearful posting this!

    Thanks in advance for your support!!
Page 3
    • remote_control
    • By remote_control 11th Oct 17, 7:34 PM
    • 280 Posts
    • 1,057 Thanks
    remote_control
    Thanks for the comments!! I really appreciate it. Yes we have achieved a lot I suppose, Debt is down 5k this year and we have done a couple of house projects without adding to the debt. It is that never ending conundrum of whether to work harder to pay off the debt quicker or live while you pay it off slowly. The latter is what we have been doing and largely I have been ok with that as we live within our means and can manage the minimum payments fine.

    I would like a bit of focus in the run up to Christmas though. I'm trying a 'look after the pennies' approach. I have taken food in to work the past couple of days which I am really pleased with myself about. I have also stopped snacking on biscuits/chocolate/cake etc and this is also saving me money as I'm sure I spend about a fiver each week grabbing these things when I'm out and about.
    • remote_control
    • By remote_control 11th Oct 17, 7:35 PM
    • 280 Posts
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    remote_control
    BBC Good Food for students sounds great thanks!
    • remote_control
    • By remote_control 31st Oct 17, 10:01 AM
    • 280 Posts
    • 1,057 Thanks
    remote_control
    Nov 1st 2017

    Debt 18,393.54
    • remote_control
    • By remote_control 11th Dec 17, 10:07 PM
    • 280 Posts
    • 1,057 Thanks
    remote_control
    Hi everyone,

    Should be going to bed really....

    Debt ticking down very slowly, MBN/A are really annoying as can't seem to have a fixed payment to them, so we have it set as minimum (as it is the longest 0% card) and each month we pay a pound or two less.

    Christmas shopping pretty much done present wise but I think it is the food bills that get us as we love a tasty Christmas treat :-).

    OH has been very on board with the money saving for the past couple of weeks which has been great and what we spent in November was in the green (black?) by 700!! Amazing to think we have that much money spare if we work really hard. In reality this year it has been spent on new boiler and a few other house improvements. It sounds so romantic buying a house where everything needs doing but in reality it costs a fortune!

    Looking forward to finishing work at the end of the week and then two weeks off. Obviously planning low spend, snuggly Christmas activities.

    I'll be back with a proper total at some point, and hopefully it will be in the 17s. I wonder what it will be this time next year!
    • remote_control
    • By remote_control 3rd Jan 18, 12:06 PM
    • 280 Posts
    • 1,057 Thanks
    remote_control
    Happy New Year

    Debt total 1st Jan 17,913.72.

    Main financial aims for 2018 are:

    1. This time next year have less debt than that.
    2. Major works to house.

    As our debt came from moving house and maternity leave we have not added to it in nearly 18 months (with a car purchase) and before that not for ages. We'd love to continue to improve our house and if we can do this and reduce the debt at all that would be great. It is all on 0%.

    We'd love to do an extension at some point so it would be nice to move forward with that. It feels like such a big unknown financially that I don't feel there's any point setting a target for a DFD at the moment.

    Tomorrow is budget day where we see what we have spent in 2017! It is my first full year of writing down everything we spend so haven't got anything to compare it to.

    Happy debt busting!
    • remote_control
    • By remote_control 1st Feb 18, 3:09 PM
    • 280 Posts
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    remote_control
    Debt total 1st Feb 2018: 17,386.56

    Writing down what we spent for 2017 went really well and were so pleased to see we spent less than came in! This time last year we were always going into our overdraft and now we don't. We even finished the year with a really healthy bank balance. We were quite frugal and sensible in the run up to Christmas but I did buy quite a lot of things in the sales. It was all covered by Christmas money but it felt a bit weird as normally Christmas money goes into the general pot. It was nice to replace a couple of household items that were on their last legs! (like a leaky kettle and very old hand towels).

    We've done a bit of DIY this month so don't expect the budget to be healthy so far this year! At least for the first time I will know exactly what we spent though.
    • remote_control
    • By remote_control 7th Feb 18, 2:25 PM
    • 280 Posts
    • 1,057 Thanks
    remote_control
    Spending all my spare time reading diaries on here but not posting on my own!

    DIY bills will all be in mid Feb and I can see what we've spent. We've gone in to our overdraft though so will be a frugal couple of months getting back to normal.

    So cold today!

    Going to try and set myself an ebay challenge, don't know what though.
    • remote_control
    • By remote_control 15th Mar 18, 11:44 AM
    • 280 Posts
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    remote_control
    DIY spends are in and bank balance is bad!! We went over what we had saved by about 5k. Considering half our house was refurbished I'm not beating myself up about it but I just want it to be gone ASAP. We were quite happily ticking along living within our means. Our debt problem is all about not saving really. All of our debt is from buying a house, buying a car and now renovating house. It's all on 0% and ticks down nicely each month. I think it's the stage we're at in our lives though. We have a family home and no intentions of moving so hopefully things will get easier and easier! (yeah right). Anyway, focusing on ebaying and other methods to bring in extra income.

    Trying to decide if something like swagbucks is worth it? On the days when I work from home I can do little bits here and there and would like something more varied than surveys.
    • remote_control
    • By remote_control 25th Mar 18, 9:43 PM
    • 280 Posts
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    remote_control
    Payday seems so far away!! What is it with this month?!

    Really enjoying the 1% challenge, it has focused my time a lot this month and I've made a few hundred pounds extra from selling and surveys.
    • remote_control
    • By remote_control 28th Mar 18, 11:13 PM
    • 280 Posts
    • 1,057 Thanks
    remote_control
    The 1% challenge has given me the motivation to get extra money through overtime and selling, I have managed to pay off 10% of one of the debts in a month. I'm so excited by this, can't wait to do my next 10%. I wonder if I can keep up this level of enthusiasm for 90 more %!!

    I have downloaded a debt tracker app. It doesn't really do much, just has the debts listed individually and as a total. It also gives a debt free date of July 2023 if we just pay minimums! Payed off my chunk of 10% and have got this down to June 2023. Definitely a bit of a lightbulb/inspiration moment since I downloaded this as I want to get this down!
    • remote_control
    • By remote_control 31st Mar 18, 10:25 PM
    • 280 Posts
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    remote_control
    I spend so much time reading diaries on here and never post on my own. I upped a DD by 10 a month and that brought the DFD down to April 2023 and then a credit card statement came through and I seem to have missed last month's so when I updated the total the DFD is now March 2023. I wish I could do it all quicker!! DH on board too but with looming extension in the next couple of years its hard to focus on being debt free when we don't know how much that will cost. We'll be looking to finance that in the next few months so looking to get the debt down before then. It's just so embarrassingly high!!!! What is wrong with us?!

    1st April 2018 20,412

    So in two years it hasn't come down! This is due to buying a car and renovating half of our house.

    Well with all these depressing thoughts I'm off to bed!

    April to do list:
    List 30 things on eBay
    Plant all my seeds in the garden (if the weather ever gets nice!)
    Get together 390 (10% of one of the debts)
    Spend less than we earn
    Try not to think about it 24/7
    Try to be less busy (food planning really suffers)
    Exercise
    • remote_control
    • By remote_control 1st Apr 18, 9:11 PM
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    remote_control
    1/30 listed on eBay, really scraping the barrel to find anything
    • remote_control
    • By remote_control 1st Apr 18, 9:50 PM
    • 280 Posts
    • 1,057 Thanks
    remote_control
    Make that 2/30 listed on eBay
    • remote_control
    • By remote_control 7th Apr 18, 6:26 PM
    • 280 Posts
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    remote_control
    Feeling a bit meh with it all so am going to start posting daily if you don't mind!

    Anyone want to pay off 20k with me and lose 10lbs?

    Weight
    Went for a run
    Had a sensible sized lunch but did have a second breakfast with a friend!
    Last of the chocolate to go tonight!

    Money
    NSD
    Dinner from scratch (so hopefully cheaper)
    Internet banking details arrived for new balance transfer card
    • One-step-at-a-time
    • By One-step-at-a-time 7th Apr 18, 7:08 PM
    • 188 Posts
    • 613 Thanks
    One-step-at-a-time
    Feeling a bit meh with it all so am going to start posting daily if you don't mind!

    Anyone want to pay off 20k with me and lose 10lbs?

    Weight
    Went for a run
    Had a sensible sized lunch but did have a second breakfast with a friend!
    Last of the chocolate to go tonight!

    Money
    NSD
    Dinner from scratch (so hopefully cheaper)
    Internet banking details arrived for new balance transfer card
    Originally posted by remote_control
    Go on then, I'm in! Rather more than 20k to shift (but on the case), and 10lbs to jettison too. Today's exercise substitute was tackling the garden
    LBM: Jan 2017. Total owed: 46993.21
    Current debt: 31258.39
    DFD: May 2021
    • remote_control
    • By remote_control 8th Apr 18, 9:26 PM
    • 280 Posts
    • 1,057 Thanks
    remote_control
    Great One-Step. Let's do this! I have subscribed to your diary.

    Feeling much better today

    Weight
    Ate cake
    Went for a walk around the block in the rain
    Soup for lunch

    Money
    Balance transfers pretty much gone through and have set up fixed payments on all the cards which totals 621 a month. We should be able to manage this and it gives a DFD of Dec 2020 so I'm excited about getting this date down. Seems straightforward now in a way.
    • remote_control
    • By remote_control 10th Apr 18, 12:32 PM
    • 280 Posts
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    remote_control
    Update for yesterday: Weight and food both rubbish!

    A minimum payment DD came out today towards one of the debts. I'd already made a manual payment so wasn't expecting it to. Anyway, we can afford it so that's all good! Paid off 1% yesterday towards the debt I'm doing the 1% challenge for. And got accepted for a half an hour focus group on Fri for which I should get 20.
    • One-step-at-a-time
    • By One-step-at-a-time 10th Apr 18, 4:01 PM
    • 188 Posts
    • 613 Thanks
    One-step-at-a-time
    A minimum payment DD came out today towards one of the debts. I'd already made a manual payment so wasn't expecting it to.
    Originally posted by remote_control
    I've been caught out by that one more than once! Despite the AARGH it's always good to see the numbers shrink
    LBM: Jan 2017. Total owed: 46993.21
    Current debt: 31258.39
    DFD: May 2021
    • remote_control
    • By remote_control 11th Apr 18, 10:34 AM
    • 280 Posts
    • 1,057 Thanks
    remote_control
    Yeah. We're very comfortable really, so we can afford an extra 40 debt repayment. As it is all on 0% and ticking down nicely we haven't really pushed ourselves. It's only now we've added 4K due to large house repairs (we did save for a lot of the repairs) that I feel all nervous and worried. We don't add to the debt with our monthly spending and live comfortably within our means.

    Can anyone explain to me the thing where you scan your receipts? Or point me in the direction of a guide. I don't really know where to look but I have seen others on here do this and get vouchers I think? Thank you!
    • remote_control
    • By remote_control 12th Apr 18, 5:12 PM
    • 280 Posts
    • 1,057 Thanks
    remote_control
    Weight
    Been really sensible with my eating yesterday and today. First time in a long time

    Money
    Re-joined Swagbucks, trying to figure out how it actually works!! Also signed up for two survey sites.
    Up to 15% with my 1% challenge and should get to 16% tonight which is exciting. Surveys seem to have gone quiet now and not a lot to cash out. Still that is an extra 16%.
    Did some overtime.
    money is on my mind a lot

    Would still like to understand the scanning receipts thing if someone could please tell me!
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