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  • FIRST POST
    • Honeysucklelou2
    • By Honeysucklelou2 31st Dec 16, 4:05 AM
    • 984Posts
    • 4,146Thanks
    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 35
    • Honeysucklelou2
    • By Honeysucklelou2 11th Aug 18, 12:43 PM
    • 984 Posts
    • 4,146 Thanks
    Honeysucklelou2
    I had quite a reality check when walking through Jews0ns and realised the cost of paint! I think I will have to budget for a room a fortnight or month, so my decorating to do list might not be as completed as I would hope. Still I'll make a start and see how far I get. Happily the fence preservative was much cheaper than I thought, so when it stops raining, I can see if I can get started on that.

    Good news and bad news in the post yesterday. The good news is my car insurance has gone down and will now cost 8 a month less . The bad news is a letter from the electricity company telling me that my direct debit is changing from 112 a month to 167. Apparently the electricity consumption has gone up by 28% compared to this time last year. I don't quite understand why that should be. The only difference is that I had the immersion heater replaced as we were struggling to get any hot water and the old one kept tripping out to the point that it would not reset. The new immersion heater works beautifully, so perhaps that is the reason? Even so a 28% rise is huge, especially as last year I was in the position of being in credit and having some money refunded.
    paydbx #93 784.50/8,000.
    Loan 17k - paid off in Aug 2017. Home improvement loans 3342 March 2017. 3123 in Jan 18
    • Honeysucklelou2
    • By Honeysucklelou2 11th Aug 18, 12:45 PM
    • 984 Posts
    • 4,146 Thanks
    Honeysucklelou2
    On the plus side, it's positive to know about these changes before the finance form has to go in and is steering my thinking towards the possibility of looking for a home with cheaper running costs, if that is even possible.
    paydbx #93 784.50/8,000.
    Loan 17k - paid off in Aug 2017. Home improvement loans 3342 March 2017. 3123 in Jan 18
    • helsbell
    • By helsbell 11th Aug 18, 12:57 PM
    • 189 Posts
    • 1,070 Thanks
    helsbell
    I had a letter like that from the water company a few months ago. I went from being around 25 in credit to over 300 in debt in the space of 3 months

    They came out to check for leaks, which they couldn't find even though they were very thorough. Just before leaving, they took a meter reading and discovered that the previous reading was wrong and there was no leak and no increase in usage

    It's always worth checking the reading yourself, in case there's been a mistake.
    SPC 11, No. 062

    August 2017 B'card 5006.83 BoS 1086.59 DFD November 2020
    • Spendless
    • By Spendless 11th Aug 18, 7:47 PM
    • 20,219 Posts
    • 33,517 Thanks
    Spendless
    He then proceeded to suggest getting back together
    Originally posted by Honeysucklelou2
    The thing I like best about him is that he's your ex. Though him helping out with DD2s driving lessons, gave him his first brownie points from me. Until he stops doing things like refusing to give his address and landing you with dogs, this shouldn't even be a consideration!

    Sorry to hear about DS1s job too. Can't quite remember what he was doing, agricultural what is it or catering. I suppose though if it was a holiday job which I think it was, at least he knows it's not something he wishes to go into. Fingers crossed his results out soon may give him some direction in what he wants to do. Kids eh, I've got 2 and both are currently testing me, can't imagine having another 6 in the mix.
    • Honeysucklelou2
    • By Honeysucklelou2 11th Aug 18, 9:36 PM
    • 984 Posts
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    Honeysucklelou2
    Thank you Spendless! They certainly do keep me on my toes!! As long as only one at a time has a wobble, we're ok!!

    DD2 has suddenly got lots of shifts at her place of work which mercifully is within walking distance. DD1 is pottering through each week and enjoying her work, so I'm hoping that a good working ethic will rub off on DS1.
    paydbx #93 784.50/8,000.
    Loan 17k - paid off in Aug 2017. Home improvement loans 3342 March 2017. 3123 in Jan 18
    • Eager_Elephant
    • By Eager_Elephant 12th Aug 18, 8:15 AM
    • 4,464 Posts
    • 25,820 Thanks
    Eager_Elephant
    . The bad news is a letter from the electricity company telling me that my direct debit is changing from 112 a month to 167. Apparently the electricity consumption has gone up by 28% compared to this time last year. I don't quite understand why that should be. The only difference is that I had the immersion heater replaced as we were struggling to get any hot water and the old one kept tripping out to the point that it would not reset. The new immersion heater works beautifully, so perhaps that is the reason? Even so a 28% rise is huge, especially as last year I was in the position of being in credit and having some money refunded.
    Originally posted by Honeysucklelou2

    Do you keep youyr immersion switched on 24/7 or do you just put it on when needed?

    In my experience having an immersion on 24/7 costs between 1 - 1.50 per day
    Ninja Saving Turtle No. 1 for August
    NSD - 9/15
    (up to 12/8/18)
    My Diary is here - http://forums.moneysavingexpert.com/showthread.php?t=2175629 (Eager Elephants Effective Everyday Excursion)
    • Honeysucklelou2
    • By Honeysucklelou2 12th Aug 18, 11:49 AM
    • 984 Posts
    • 4,146 Thanks
    Honeysucklelou2
    Ah...didn't know there was an option with immersion heaters. Must go and investigate. I know that in the winter, when our water is heated by the oil central heating system, the heater comes on for a couple of hours morning and night and isn't on all the time. I will try to check this today. Thanks for that EE!

    I've spent about half an hour updating the spending tracker to reflect recent spending. Paint and brushes has taken a 50 chunk of spending. I've also spent 40 at the vets getting my elderly lurcher a particular type of tablet to sort out flea problems. I've tried the cheaper options of fr0ntline pipettes type treatments but he doesn't get on with them. He's a faithful old friend so it's the least I can do to sort it out. Surprisingly the diesel spend is still high. I had thought that not being at work ( and not having the 30 mile a day drive) would reduce this but I'm still driving DD1 to the point at which she can access public transport to complete her journey to work.

    I've ordered DD2's clothes for the next year at college, so just need to get the bus pass sorted, although I still have about 10 days to do that.
    paydbx #93 784.50/8,000.
    Loan 17k - paid off in Aug 2017. Home improvement loans 3342 March 2017. 3123 in Jan 18
    • Honeysucklelou2
    • By Honeysucklelou2 13th Aug 18, 10:54 AM
    • 984 Posts
    • 4,146 Thanks
    Honeysucklelou2
    Paid 105 off a debt yesterday and 44 off the credit card. Today's spending will involve getting milk and paying DD2's monthly insurance of 109.
    paydbx #93 784.50/8,000.
    Loan 17k - paid off in Aug 2017. Home improvement loans 3342 March 2017. 3123 in Jan 18
    • Kitten868
    • By Kitten868 13th Aug 18, 10:04 PM
    • 950 Posts
    • 2,083 Thanks
    Kitten868
    Wow big changes afoot!
    So you'll be refunded for the total you've spent in repaying tax credits? That would be totally fantastic! Im not surprised you had to ask for it and jump through all those hoops. They never seem to know what they're talking about and all say something different so it's fantastic that you were prepared to speak to them and be as clear and calm. Well done you.
    Are you totally sure of your options in terms of buying your ex out of the house? Get all the advice you can, work out what you want and compromise between the two.
    I'm seriously impressed about the decorating! Well done you. I buy my paint from wilkinsons. They're on sale at the moment. If you don't like it you can return it and they told me their paint wins in tests against dulux.
    Keep going. You're winning! Xxx
    Loan 1 5700/8000
    Loan 2 3700/5800
    Total 9400/13800 32% PAID

    And CC 1700/1900
    • Honeysucklelou2
    • By Honeysucklelou2 13th Aug 18, 11:46 PM
    • 984 Posts
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    Honeysucklelou2
    Thank you Kitten868. I haven't received any refund yet, the man I spoke to, said to ring back in 1-2 weeks time if I hadn't heard anything, so looks like I'll be ringing again if nothing has happened by Friday. It won't be a full refund according to the notional entitlement letter. They are still saying I owed 1k but even some money back would be good and the cancellation of the direct debit in future.

    I'm not totally sure if the options yet. I know I need to get the house valued as soon as I can, to be clear on the figures involved. I do love where we are but I can see the practical benefits of moving. At the end of the day, it will boil down to what I can afford to do.

    Today has been a productive day. I've washed down the walls and ceiling of the hallway with sugar soap. I'm hoping that tomorrow I can start the first coats of paint on the ceiling. It didn't rain today so the washing got dried. I've sorted through some clothes and am on a second bag for recycling. Towards the end of the day I realised the grass was long enough to warrant a cut, so hot that done. I so love using the little push mower...most relaxing!!

    DD3 decided today, that she would write out a chore chart. She duly did and has allocated a particular task each day to each child, except the toddler. I was amazed, DS2 did get in the washing and asked if he could walk my mum's dog as one of his chores. DD5 was so excited to get a chore, she was asking all day if it was time to do the washing up yet. I did do a chore chart years ago but got so disillusioned with having to constantly chase everyone up to do their task, it was quicker to get on and do it myself. I think DD3 has seen me flagging at the end of each day and decided to do something to help me. I think it will work with the little ones, not sure it will hold with the older teenagers but we will see.

    My lovely mum and grandmother have come to visit for a couple of days. Tea was homemade lasagne, garlic bread and salad. We had corner yogurts as a treat since my mum had brought her Tesc0 vouchers with her .
    paydbx #93 784.50/8,000.
    Loan 17k - paid off in Aug 2017. Home improvement loans 3342 March 2017. 3123 in Jan 18
    • MeandO
    • By MeandO 14th Aug 18, 10:14 AM
    • 1,513 Posts
    • 7,206 Thanks
    MeandO
    Have a wonderful time with your Mum and Grandmother HSL2. xx
    House repairs: 4320 4073.75 (246.25 saved)
    Mortgage Feb 2015: 102,000 Mortgage now: 75,270.11
    2018 mortgage OP's: 1525.14/1800
    Emergency Fund: 850/5000
    • Honeysucklelou2
    • By Honeysucklelou2 16th Aug 18, 10:53 PM
    • 984 Posts
    • 4,146 Thanks
    Honeysucklelou2
    Thank you MeandO. The time went very quickly. My mum likes to come up in the holidays to give me a hand with household tasks, as she knows I don't get much help from the children. DD3 really wanted to light the chiminea one night so we introduced my mum and grandmother to the delights of a toasted marshmallow and a cup of tea by the fire. I think my grandmother was a little bemused but enjoyed the experience with us!!

    M and G went home yesterday. Life has been tricky with the ex, one minute he can be cordial but other times very unpleasant. It seems to have been more so since the financial papers have been sent. Trying not to worry but yesterday evening it was too much to be around while he sorted out a meal for the children, so DD1 and I headed for the beach and enjoyed the breeze blowing. We had some food at the beach which my mum had given me some money to do so.

    Today has been more cleaning and sorting. I've tidied up part of the utility room and gathered three bags of clothing to recycle.
    paydbx #93 784.50/8,000.
    Loan 17k - paid off in Aug 2017. Home improvement loans 3342 March 2017. 3123 in Jan 18
    • Honeysucklelou2
    • By Honeysucklelou2 17th Aug 18, 10:09 AM
    • 984 Posts
    • 4,146 Thanks
    Honeysucklelou2
    The refund has been paid today , so will put most of it aside so that I can use it for the car MOT which is due at the end of the month.
    paydbx #93 784.50/8,000.
    Loan 17k - paid off in Aug 2017. Home improvement loans 3342 March 2017. 3123 in Jan 18
    • crazy_cat_lady
    • By crazy_cat_lady 17th Aug 18, 12:00 PM
    • 3,724 Posts
    • 31,859 Thanks
    crazy_cat_lady
    Hey HSL
    Guess what I've spent this morning doing? Learning what a superhero you are.
    I have absolutely no idea how you do everything you do - you are amazing. I struggle on my own with 2 kids and the cats, and the same job as you. And I thought that my ex was pushing boundaries a bit - but it's not a patch on what you're doing on a day to day basis.
    I've subscribed to cheer you along and also try and motivate myself to cook or bake more - however I will never, ever get into gardening.
    Achievable August NSD #18 3/15 DFD 6 Nov 15 - paid 28,447
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