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    • Honeysucklelou2
    • By Honeysucklelou2 31st Dec 16, 4:05 AM
    • 826Posts
    • 3,315Thanks
    Honeysucklelou2
    From debt to freedom...
    • #1
    • 31st Dec 16, 4:05 AM
    From debt to freedom... 31st Dec 16 at 4:05 AM
    For a couple of months I have been lurking and reading diaries which have been helpful and inspiring. I thought that I would start a diary to keep myself focussed on getting rid of the debts.

    I am a working mum, recently separated from my husband. I have a large family which makes for an interesting and busy life! I have had a couple of LBMs in recent years and tried to stick to a budget. I had 2 loans totalling 17, 000 at one point. One loan was paid in Aug 2016 and the 2nd has just over 2,000 to go and is due to be paid off by August 2017.
    Other than that, I have a cc with a 475 balance, 2 home improvement loans ( for double glazing) that both have about 1700 outstanding. These have a horrible interest rate of 22%, so I'm eager to tackle these first.
Page 30
    • Cherryfudge
    • By Cherryfudge 12th May 18, 1:20 PM
    • 1,700 Posts
    • 9,143 Thanks
    Cherryfudge
    I too love the idea of beach BBQs/picnics once a week - it sounds idyllic!

    Re: revision, my oldest was never one for much academic committment. It wasn't that he wasn't able or didn't like school, but nothing ever grabbed his attention enough to pull him in. He left part way through the sixth form. Ten years on, he's doing a degree in his 'free' time. I really think the added maturity and having been part of the workforce have both helped. School looks like the only option while people are there, but it isn't. That's isn't to say they shouldn't revise of course. Personally I was quite a long way through secondary school when I found out that revision isn't cheating! I had thought that if you didn't remember things from being in class, you had somehow got it wrong and that exams were to test what you remembered from class. Somehow I got through it and got a degree but I might have done better if I'd understood the system better!
    MFW #30 Paid off 1,622.77/3770 as of 4/5/18
    • Spendless
    • By Spendless 13th May 18, 8:37 AM
    • 20,140 Posts
    • 33,324 Thanks
    Spendless
    Love the beach idea too. And the timings. When mine were younger they loved a pub that had a swimming pool. Pub served lovely but expensive food, but meals weren't available between 2pm-5pm, so guess what time we used to go?

    Oh kids and revision My eldest left school 2 years ago. Con-incidentally his last 6 months matched me being being out of work at the same time, so I could keep a closer eye on what he was up to. He was later to tell me, he'd done no revision at all other than in classtime. He got ok-good results (1 A, 1 D and the rest B & C grades) but he could have had amazing ones with more effort! He wasn't interested though. All he wanted was enough to get him onto the next step (level 3 computer course).

    My daughter takes her GCSEs next year and I'm already worrying about them! She's not as academically able as her brother, but so long as she gets enough for the next step I'm not hung up on her getting amazing grades.

    What I did and will insist mine have is plan B in place just in case they don't get the 'magic' 5 qualifications at the right grade. I wasn't allowed to do A levels many years ago for not having enough qualifications, and I'd put no alternative in place.

    What sort of things interest DS1?
    • Honeysucklelou2
    • By Honeysucklelou2 14th May 18, 12:06 AM
    • 826 Posts
    • 3,315 Thanks
    Honeysucklelou2
    DS1 is creative and practical so DT is his best subject at school. For years, just being cooped up in a classroom was hard enough. Had Forest School been thought of when he was at primary school, he would have really enjoyed it. He is interested in agriculture and vintage machinery but I think the machinery would make a great hobby but not a career choice. I personally think a photography course would be a good step because he has taken some beautiful photos over the last 18 months but he won't hear of it. As long as he gets enough grades to take the next step...

    That said, he did actually get some maths revision done on Saturday morning which was a relief!

    I've had a relaxing day today and headed for the beach this afternoon, just got a couple of hours to allow time for play before the week ahead. I've got a fair amount of washing done and tried to be quite ruthless with clothes that no longer fit and can't be passed down to a sibling. I've bagged them up and will consider the best option.

    DD1 has finished for this academic year. Thankfully she is happy to wait until half term to be picked up. I'll be so glad to have her home.
    paydbx #93 692/8,000.
    Loan 17k - paid off in Aug 2017. Home improvement loans 3342 March 2017. 3123 in Jan 18
    • Honeysucklelou2
    • By Honeysucklelou2 14th May 18, 6:18 PM
    • 826 Posts
    • 3,315 Thanks
    Honeysucklelou2
    DD2 passed her driving test- Hurray!!
    So glad for her as it will give her independence, which in a very rural area such as ours is important. Selfishly I'm really pleased that I won't have to squeeze the budget every week to meet the lesson costs. Hurray all round!
    paydbx #93 692/8,000.
    Loan 17k - paid off in Aug 2017. Home improvement loans 3342 March 2017. 3123 in Jan 18
    • Cherryfudge
    • By Cherryfudge 15th May 18, 12:12 AM
    • 1,700 Posts
    • 9,143 Thanks
    Cherryfudge
    Oooh, congrats to your DD! Great news!

    And now you don't have to pay for the lessons and have got used to living without the money, are you going to catch up on things you've been coping without, or something else? Must be nice to have the prospect of a sort of pay rise!
    MFW #30 Paid off 1,622.77/3770 as of 4/5/18
    • Spendless
    • By Spendless 15th May 18, 7:18 AM
    • 20,140 Posts
    • 33,324 Thanks
    Spendless
    Well done to DD2 and a nice handy amount back into your budget too

    Good luck to DS for his GCSEs and hope he finds something suitable to do next.

    Hadn't realised they could stay a bit longer in their accommodation after Uni finishes. Does it depend on the Uni?
    • Honeysucklelou2
    • By Honeysucklelou2 15th May 18, 7:23 AM
    • 826 Posts
    • 3,315 Thanks
    Honeysucklelou2
    I spoke too soon....we spent last night researching insurance prices for newly passed drivers and were somewhat shocked. It's obviously quite some time since I passed my test!! Looks like the money scraped together for lessons will have to be channelled towards the insurance cost. Ah well.
    paydbx #93 692/8,000.
    Loan 17k - paid off in Aug 2017. Home improvement loans 3342 March 2017. 3123 in Jan 18
    • Honeysucklelou2
    • By Honeysucklelou2 15th May 18, 7:25 AM
    • 826 Posts
    • 3,315 Thanks
    Honeysucklelou2
    Thank you Spendless, his first one seemed to go ok. DD1 has a date by which she has to get out of the halls of residence but it's the end of June, so a whole 6 weeks from her hand in date. She is going to use the time to get packed up.
    paydbx #93 692/8,000.
    Loan 17k - paid off in Aug 2017. Home improvement loans 3342 March 2017. 3123 in Jan 18
    • Cherryfudge
    • By Cherryfudge 15th May 18, 11:30 AM
    • 1,700 Posts
    • 9,143 Thanks
    Cherryfudge
    I spoke too soon....we spent last night researching insurance prices for newly passed drivers and were somewhat shocked. It's obviously quite some time since I passed my test!! Looks like the money scraped together for lessons will have to be channelled towards the insurance cost. Ah well.
    Originally posted by Honeysucklelou2
    It's horrendous. I can't remember if you are sharing a car but putting parents on the same insurance definitely brings the cost down. DS also has a 'curfew' his insurance so it stays lower so long as he's in by 10pm.
    MFW #30 Paid off 1,622.77/3770 as of 4/5/18
    • Spendless
    • By Spendless 15th May 18, 7:07 PM
    • 20,140 Posts
    • 33,324 Thanks
    Spendless
    Thank you Spendless, his first one seemed to go ok. DD1 has a date by which she has to get out of the halls of residence but it's the end of June, so a whole 6 weeks from her hand in date. She is going to use the time to get packed up.
    Originally posted by Honeysucklelou2
    Oh gosh I'd not thought about that. Though DS is learning, he's hopefully going to Uni in Sept and won't be able to afford to run a car. Him passing his test is more about having that skill for the future especially for his sandwich year.

    That's handy to know re Uni. DS should be finishing Uni first year just as DD is taking her GCSEs and I was thinking what disruption that might cause. Maybe I could convince him to stay on a few more weeks.
    • Honeysucklelou2
    • By Honeysucklelou2 16th May 18, 7:21 PM
    • 826 Posts
    • 3,315 Thanks
    Honeysucklelou2
    So after much searching we found an insurance quote for 1200 on condition that she has a black box fitted. We decided against a curfew ( which would bring the premium down again) but given that she is in the catering industry, a curfew of 10 might not be workable. Thankfully a monthly option was available so 106 will now go out each month for the insurance. I know a yearly payment is more MSE but I just don't have that kind of money spare and able to use.

    I have also dipped into the EF rightly or wrongly. It is my dad's birthday next week and a big birthday. He has done so much for me and to support me through such heart wrenching times, that I really want to be able to contribute towards his present. My mum and brother and I are all clubbing together to get something that he really wants. I've also used 100 to pay for a garage bill for the car that needs to be paid. Will really need to build the EF back up over the coming months.
    paydbx #93 692/8,000.
    Loan 17k - paid off in Aug 2017. Home improvement loans 3342 March 2017. 3123 in Jan 18
    • Cherryfudge
    • By Cherryfudge 17th May 18, 12:28 AM
    • 1,700 Posts
    • 9,143 Thanks
    Cherryfudge
    I think treating your Dad I is a very proper use of some of the EF You have the discipline of building it up already so just keep on keeping on and it will accumulate again. After all it's there for when there's a need and that's what this is.

    Sensible choice regarding not having a curfew - DS got a penalty because he had to work late.
    MFW #30 Paid off 1,622.77/3770 as of 4/5/18
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