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  • FIRST POST
    • boxofpaws
    • By boxofpaws 15th Jan 17, 1:26 PM
    • 493Posts
    • 2,128Thanks
    boxofpaws
    Boxofpaws is keeping it simple
    • #1
    • 15th Jan 17, 1:26 PM
    Boxofpaws is keeping it simple 15th Jan 17 at 1:26 PM
    Hello lovely MSE-ers!,


    I have been a user of this site for many years but created a new username on 3rd Jan because I had doubled the debt and I was so embarrassed!


    So here I am, £40k+ in debt. The reasons (excuses) are many and varied, so I won't dwell on the past. However, our current situation is good, good income, happy marriage, nice home and we can really make good in-roads to this accumulated debt.


    In the past, we have failed at debt busting, and I think it was down to the plan being too punishing and too complicated. This time, I will set us achievable targets and make it easy to hit them.


    Thanks to anyone who has read so far, I will report back later with my plan.


    Boxofpaws x
Page 23
    • boxofpaws
    • By boxofpaws 2nd Mar 18, 9:08 AM
    • 493 Posts
    • 2,128 Thanks
    boxofpaws
    What a delightful man! Glad you are ok though.

    Our remortgage was really quick once they had stop quibbling about my income - wasn't borrowing against mine but proving I am not dependent was the challenge, the offer went through in days after that.
    Originally posted by redofromstart

    That's reassuring. I hope we'll be straight forward, both in full time paid employment which they don't seem to get confused by unlike SE. you'd think with so many self employed people, it wouldn't seem to cause our banks so much surprise when applying for mortgages etc

    Sounds like you are doing really well having repaid £17K in a year.

    Glad you are safe despite the bad driver yesterday.

    Good luck on your journey
    Originally posted by savingholmes
    Not quite £17k, I wish it were. But we're getting there. Thank you

    What a horrible man! What is it about driving that turns some people into horrors?

    Glad your fancy face moisturiser is good & great timing for the discount. I do think it's worth finding a moisturiser that works for you, even if it is a bit more expensive. I use the Nivea q10 day & night creams & find it suits my skin quite well and you can buy it in Savers for half the price of Boots & Superdrug.

    Another brand that I've heard a lot about is The Ordinary. Their stuff is meant to very good & is reasonably priced. I'm using one of their vitamin C suspensions to try & reduce dark areas on my forehead (I suspect it's melasma as gets worse in the sun) and it seems pretty good for £4.90. I think I'll probably try some of their other stuff as the prices are so reasonable.
    Originally posted by sashybo
    I'll try that one when I have finished this one. TBH, 10 days in and I am underwhelmed by the new moisturiser after all. After initially thinking it was good, I'm not sure it's made much difference. Might go back to my £1 one!
    Debt 03/01/17 = £42000
    Debt today = £27,819.22
    • boxofpaws
    • By boxofpaws 2nd Mar 18, 9:43 AM
    • 493 Posts
    • 2,128 Thanks
    boxofpaws
    Since I last posted

    Good things
    • Loan settlement details are here, sitting signed in an envelope, waiting to be posted back. It's like a battle of wills of who will give in and walk to the post box. The husband NEVER posts anything. He's brilliant at writing 'not at this address' on envelopes, but ALWAYS leaves them on the hall unit for me to post
    • 1 bought lunch at work. - 85p
    • even fewer coffees at work (although largely because I've been wfh because of the weather)
    • £20 expenses profit for work from other office
    • Have done another weights workout - full workout
    • Have done week 2, run 1 of c25k
    • Still eating better - although this weather does make you eat more I think
    • Had a huge clear out of the garage. We gave away/took to the tip loads of stuff, the garage is tidy and I feel somehow cleansed. We need to do the same to the rest of the house but it was a great start.
    • Stocked up on low price cat food
    • Switched energy tariff without having to switch suppliers. This is good because switching suppliers can afffect your credit score. Here's a thing, Scottish Power don't offer you their best deal from their 'best deal checker'. The best deals are on price comparison websites. I rang them to ask for the deal I could see on here, and they said I could have it if I went through the link on here and not directly. So their best deals checker is nonsense and incredibly misleading. Should this be flagged to ofgen?
    • had a day out at the seaside last sat which was nice, not too spendy
    • maybe it's the weather but there has been NO temptation to spend, and we are ahead of our budget for once!

    Bad things
    • Husband has had NO overtime AGAIN this week.
    • Have run out of nice prosecco. First world problems, eh?

    Spends.
    Petrol - £32.03 (get this back in expenses though)
    Lidl -£33
    B&m - £10.77
    Pet food stock up £20
    Seaside -£4 parking, £25 fish and chips (includes MIL), £2 on 2p machines.

    Saintliness = 10/10. Really happy with £95 spends (excluding work fuel) for food and entertainment spends for a full week.
    Debt 03/01/17 = £42000
    Debt today = £27,819.22
    • redofromstart
    • By redofromstart 2nd Mar 18, 9:46 AM
    • 1,679 Posts
    • 10,082 Thanks
    redofromstart
    Hi boxofpaws I find the difference between most of them is just the smell. I have a shamefully large collection of samples and tubes from the cheap and cheerful through to top end how much?!? and still go back to the old favourites that work for me. I am 45 and am just starting to get a few lines so using some moisturiser is essential, but the top end ones don't make enough difference to justify the cost. If you have a big M&S with a beauty section they have sample tubes open for most things, and no salesperson stood over you like at the Boots counters. HTH

    ETA Loving that saintliness score
    • boxofpaws
    • By boxofpaws 2nd Mar 18, 2:25 PM
    • 493 Posts
    • 2,128 Thanks
    boxofpaws
    Hi boxofpaws I find the difference between most of them is just the smell. I have a shamefully large collection of samples and tubes from the cheap and cheerful through to top end how much?!? and still go back to the old favourites that work for me. I am 45 and am just starting to get a few lines so using some moisturiser is essential, but the top end ones don't make enough difference to justify the cost. If you have a big M&S with a beauty section they have sample tubes open for most things, and no salesperson stood over you like at the Boots counters. HTH

    ETA Loving that saintliness score
    Originally posted by redofromstart
    I think it's the smell that had me suckered!

    I will definitely try the m&s stuff then. I love m&s anyway but have never tried their skincare.
    Debt 03/01/17 = £42000
    Debt today = £27,819.22
    • boxofpaws
    • By boxofpaws 2nd Mar 18, 2:44 PM
    • 493 Posts
    • 2,128 Thanks
    boxofpaws
    Good things since I posted this morning
    • I have found the nice wine in aldi and restocked. They haven't had it in my local aldi since December, so I've stocked up when I've seen it but I had my last bottle this week. One of my treats
    • Stocked up freezer and got fresh food for the next few days


    Bad things
    • I succumbed to panic buying
    • I spent £111 in aldi. £55 of that was wine stocking up, freezer stocking up (£15) and I treated myself to a new lunch box for work ( £8). But still
    • I may, MAY have got caught speeding. Came round a curve in the road and realised I was doing 68 in a 60, started to slow down, looked up to see a camera van. I had noticed my speed and started to slow down before I saw the van, so hopefully I won't get a ticket, but you never know. If I was caught, it's only because I deserve it. It's annoying because I don't speed in general, but managed to today.
    Debt 03/01/17 = £42000
    Debt today = £27,819.22
    • redofromstart
    • By redofromstart 2nd Mar 18, 8:12 PM
    • 1,679 Posts
    • 10,082 Thanks
    redofromstart
    Hope you are ok on the camera van. They may give you the awareness course option which is better than points.

    The big M&S here has a proper branded beauty section - Pixi, REN, Emma Hardie, l'occitane for example. I always make a detour to have a squirt of the REN rose stuff because I love the smell. Rarely a sales person about so you can test without the hard sell of the counters, and sometimes they have baskets of samples. Have to watch yourself with the unmissable bargain gift sets every so often if you are anything like me.
    • Cumbria lass
    • By Cumbria lass 3rd Mar 18, 8:18 AM
    • 1,795 Posts
    • 10,818 Thanks
    Cumbria lass
    Loving the wine stash, hope Somme food went in the basket as well.

    On the moisturiser, I have used for years Johnson's baby lotion in the winter . In the summer I go for a tinted one with SPF an Olay one works for me. I would like a cream that makes neck look less old , any ideas.?

    Keep warm Paws.
    CC1 £3475 May 2018
    • boxofpaws
    • By boxofpaws 3rd Mar 18, 1:51 PM
    • 493 Posts
    • 2,128 Thanks
    boxofpaws
    Hope you are ok on the camera van. They may give you the awareness course option which is better than points.

    The big M&S here has a proper branded beauty section - Pixi, REN, Emma Hardie, l'occitane for example. I always make a detour to have a squirt of the REN rose stuff because I love the smell. Rarely a sales person about so you can test without the hard sell of the counters, and sometimes they have baskets of samples. Have to watch yourself with the unmissable bargain gift sets every so often if you are anything like me.
    Originally posted by redofromstart
    I stopped spending money on toiletries and makeup years ago, my 2 exceptions are Molton brown - I have shower gel for special occasions and hand wash for the downstairs loo. Expensive but it makes me feel like we're not scrimping to have it. Part of The Plan. And the other exception is perfume. I like Chanel, cristalle eau verte and no 5. So I have made a pact with myself that if I use up ALL of my old perfumes, I am allowed more Chanel. But then and only then.

    Loving the wine stash, hope Somme food went in the basket as well.

    On the moisturiser, I have used for years Johnson's baby lotion in the winter . In the summer I go for a tinted one with SPF an Olay one works for me. I would like a cream that makes neck look less old , any ideas.?

    Keep warm Paws.
    Originally posted by Cumbria lass
    My neck is horrid so I am not in a position to advise. I think it's going downhill faster than the rest of me.
    Debt 03/01/17 = £42000
    Debt today = £27,819.22
    • redofromstart
    • By redofromstart 3rd Mar 18, 2:25 PM
    • 1,679 Posts
    • 10,082 Thanks
    redofromstart
    I like Molton Brown too.

    Cumbria, my neck has started to bother me lately and I really want to try this one but I am not buying face cream this year.
    • boxofpaws
    • By boxofpaws 6th Mar 18, 6:30 PM
    • 493 Posts
    • 2,128 Thanks
    boxofpaws
    Good things
    • Husband has been offered another job, a slightly different area. It would be £4K extra a year but it would be nights and weekends, so Iím torn on what he should do. I have told him to do what he wants and not let the money be a consideration (Iím not sure if I mean it though)
    • Still on top of my expenses. In fact, have submitted todayís expenses and am still on the train
    • Have resisted the urge to have a holiday in May in addition to the one in June
    • Have good grounds for some wage negotiation for my new job. Iíll let you know how I get on
    • I started folding my socks at the beginning of the year, and am still doing it now!***
    • Had another big clear out session, 2 wardrobes, 11 drawers, stuff binned, charity shop or freecycled, a huge amount
    • Full upper body working last night.
    • Am considering betterware as s side hustle. Thereís no one round here and itís a village full of pensioners. Anyone done tHis?

    ***am convinced this will somehow draw wealth into my life

    Bad things
    • Sky are putting their fees up by £3.
    • am about to have another fish and chips Tuesday because Iíll be back late (will claim back my half though)

    Spends
    £59.80 Sainsbury shop (arrives tomorrow)
    £14.50 birthday friend (card and some gloves)
    £tbc fish and chips (£8?)

    Saintliness 6/10 because of fish and chip frivolity
    Debt 03/01/17 = £42000
    Debt today = £27,819.22
    • savingholmes
    • By savingholmes 7th Mar 18, 8:24 AM
    • 8,955 Posts
    • 17,004 Thanks
    savingholmes
    With the DH job - I personally wouldn't want my husband working nights and weekends and wouldn't see it as worth the money as it is very restrictive and he wouldn't be around for the children or if we could afford a weekend away it would be more complicated....

    Only you can decide as a couple though...
    Today is a new day £93/310 £10 a day Mar Challenge DFD August 2021
    • enthusiasticsaver
    • By enthusiasticsaver 7th Mar 18, 8:32 AM
    • 6,394 Posts
    • 13,133 Thanks
    enthusiasticsaver
    With the DH job - I personally wouldn't want my husband working nights and weekends and wouldn't see it as worth the money as it is very restrictive and he wouldn't be around for the children or if we could afford a weekend away it would be more complicated....

    Only you can decide as a couple though...
    Originally posted by savingholmes
    Presumably it wouldn't be every night and weekend. It is probably on a rota and might mean he is around during the week for the children. £4K extra is a lot and would help to pay the debt off quicker. My brother does a shift pattern which includes some weekends and late nights and early mornings, not overnight though and it makes his commuting easier as less busy on the roads and every 3 weeks gets a 5 day weekend. He gets time off during the week to go shopping when less busy than the weekend.
    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
    • JoJoC
    • By JoJoC 7th Mar 18, 9:48 AM
    • 1,791 Posts
    • 6,562 Thanks
    JoJoC
    Interesting about the job opportunity - I suppose a pros and cons list is on the table? Its worth considering!
    CC1: £4481.14/ £5031.14 (12% paid off, £600) | CC2:£3307/ £3807 (14.4% paid off, £550) | Loan: £10,528.20/ £15,792.30((33% paid off, £5,264))

    July debt total: £24,630.44 | New debt total: £18,316.34 | Total debt paid: £6,414.10 (26%)
    *My debt busting and savings diary*
    • boxofpaws
    • By boxofpaws 11th Mar 18, 7:30 PM
    • 493 Posts
    • 2,128 Thanks
    boxofpaws
    With the DH job - I personally wouldn't want my husband working nights and weekends and wouldn't see it as worth the money as it is very restrictive and he wouldn't be around for the children or if we could afford a weekend away it would be more complicated....

    Only you can decide as a couple though...
    Originally posted by savingholmes
    Childcare not an issue, his children are all grown up, and we don't have any.

    Presumably it wouldn't be every night and weekend. It is probably on a rota and might mean he is around during the week for the children. £4K extra is a lot and would help to pay the debt off quicker. My brother does a shift pattern which includes some weekends and late nights and early mornings, not overnight though and it makes his commuting easier as less busy on the roads and every 3 weeks gets a 5 day weekend. He gets time off during the week to go shopping when less busy than the weekend.
    Originally posted by enthusiasticsaver
    Correct, it's on a (very complicated rota) not all nights and weekends

    Interesting about the job opportunity - I suppose a pros and cons list is on the table? Its worth considering!
    Originally posted by JoJoC
    We have done a mental pros and cons list but they are even Stevens. So in fact he has just told his managers he will do whatever they think is best.
    Debt 03/01/17 = £42000
    Debt today = £27,819.22
    • Cumbria lass
    • By Cumbria lass 11th Mar 18, 7:37 PM
    • 1,795 Posts
    • 10,818 Thanks
    Cumbria lass
    If he doesn't like the shifts , can he change back ?
    CC1 £3475 May 2018
    • boxofpaws
    • By boxofpaws 11th Mar 18, 7:45 PM
    • 493 Posts
    • 2,128 Thanks
    boxofpaws
    Good things
    • loan is now paid off with balance transfer.
    • this means all debt is on 0%
    • EF has £1300 in it. This was the rest of the balance transfer. So effectively, we have borrowed the EF, it was unintentional, the intention was to put it to a (we have a couple about to come to the end of the deal) bug actually I am quite comfortable with this arrangement.

    Bad things
    • Spends are through the roof. See below


    Spends
    Stepchild 1 -£50. He had run out of money.
    Stepchild 2 - £50 (I'm not supposed to know about this one)
    Mil Mother's Day meal £42
    Beer and wine for night away at sisters birthday -£35. Excessive in hindsight.
    Sisters birthday present and card -£42 (high because of Christmas present failure)
    Groceries Sainsbury - £6.90
    Groceries Morrison - 1.39
    My mums Mother's Day planter £9

    Total £236.29

    Saintliness- 0/10
    Debt 03/01/17 = £42000
    Debt today = £27,819.22
    • 117pauline
    • By 117pauline 11th Mar 18, 10:01 PM
    • 649 Posts
    • 7,230 Thanks
    117pauline
    Hi BoP

    Thanks for popping by my diary. Your user name always makes me smile, so thanks again.

    Have you a budget for presents? I think it's easy to under-estimate how much we spend on events like Mothers Day.

    Is there anyway you can claw back some of the overspends by some frugal meals?

    Also re the step-children. I would almost suggest a budget category for them. My Ex still subs them a considerable amount even though they are in their late 20s/ early 30s and in full time employment.

    I think 0/10 is very harsh though. Give yourself some credit, woman!

    I have promised myself to post regularly again so no doubt we will be meeting on these boards in the near future.

    Take care honey, have a great week
    Pauline
    Don't get it perfect - Get it going
    Better Than Before
    • boxofpaws
    • By boxofpaws 12th Mar 18, 9:34 PM
    • 493 Posts
    • 2,128 Thanks
    boxofpaws
    If he doesn't like the shifts , can he change back ?
    Originally posted by Cumbria lass

    If the job that hes currently in stays as it is, I am sure he would be able to go back. But we have a strong suspicion that it may change in any case, so he would be on shifts either way. Might as well look all accommodating if the outcome will be the same.


    He did shifts for a few years before and he was ok with it. It's not perfect but its ok.

    Hi BoP

    Thanks for popping by my diary. Your user name always makes me smile, so thanks again.

    Have you a budget for presents? I think it's easy to under-estimate how much we spend on events like Mothers Day.

    Is there anyway you can claw back some of the overspends by some frugal meals?

    Also re the step-children. I would almost suggest a budget category for them. My Ex still subs them a considerable amount even though they are in their late 20s/ early 30s and in full time employment.

    I think 0/10 is very harsh though. Give yourself some credit, woman!

    I have promised myself to post regularly again so no doubt we will be meeting on these boards in the near future.

    Take care honey, have a great week
    Pauline
    Originally posted by 117pauline


    Thanks for dropping in Pauline.


    The step children don't really ask for a lot in the grand scheme of things and we never had any money at all when they were growing up so there is a bit of guilt associated with that. So I do think that even though it might take us a bit longer to pay everything back, we should be able to help them out every now and then. I know there have been a couple of situations where if my Dad hadn't bailed me out, we would have been in the mire. I think we might monitor it though and try to limit to £100 per month. In fact, I think that's what the husband has done, he sent money to 2 of his sons and when his daughter asked for some, he said it was already gone.


    His daughter doesn't work full-time so its in her gift to earn more money if she needs it, so I don't really feel bad at saying no to her.


    Re the food, I think I was inadvertently already taking your advice. I have sorted out dinner for 2 nights with some mince and made soup for a few lunches. I think we could do a jacket potato meal as well. I have a gammon joint that should do some lunches and dinners.


    You always give such sound advice, thank you for doing that now, even when your situation is far from ideal.


    See you over at yours!
    Debt 03/01/17 = £42000
    Debt today = £27,819.22
    • boxofpaws
    • By boxofpaws 12th Mar 18, 9:41 PM
    • 493 Posts
    • 2,128 Thanks
    boxofpaws
    Just a quick update of totals, I haven't done that for a while


    Barclaycard £ 5,788.71
    Lloyds £ 1,202.05
    MBNA £ 3,725.00
    Tesco £ 6,599.98
    Tesco £ 5,500.09
    MBNA £ 5,688.75

    Total £ 28,504.58

    EF - 1176

    Offset total £ 27,328.58


    You may have gathered that I am logging all spends here, to keep me spending mindfully. Once we have applied for the new mortgage (and hopefully got a bit of a payrise), I will redo the SOA with the new payments, and more accurate spending. Then once a month or so, I will do a round-up of all debts, the EF and the mortgage.


    Thats the plan
    Debt 03/01/17 = £42000
    Debt today = £27,819.22
    • boxofpaws
    • By boxofpaws 12th Mar 18, 9:46 PM
    • 493 Posts
    • 2,128 Thanks
    boxofpaws
    I know I am being a bit of a bore about the remortgage, but I have had another thought (dont worry, its not about consolidating)


    Current monthly payment is £1165, and remaining term is 17 years. If we remortgage the balance, with a much better interest rates, our monthly payment will go down by about TWO HUNDRED POUNDS for the same term. If we shortened the term to about 13 years, the payment would remain the same.


    Once we remortgage, the most expensive debt will be our mortgage. However, we definitely won't overpay the mortgage if we take it out over 17 years because I am so desperate to pay off the consumer debt. But if we shortened the term, effectively we wouldnt really notice.


    So should we shorten the term?
    Debt 03/01/17 = £42000
    Debt today = £27,819.22
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