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  • FIRST POST
    • Nicnak
    • By Nicnak 10th Sep 17, 8:30 PM
    • 924Posts
    • 5,168Thanks
    Nicnak
    Debt Free Year
    • #1
    • 10th Sep 17, 8:30 PM
    Debt Free Year 10th Sep 17 at 8:30 PM
    Hi,

    I've pretty much buried my head in the sand over the past 15 years about debt and what it means. I've always seen it as 'normal' to have debt for things, and never thought twice about it. Recently though, I have wanted to think about cutting down my work hours, and I just can't. I can't be the mum I want to be to my 4 year old because I need to work to make sure I can pay the bills and debts. That is when it hit home, that I can't continue like this. I am having a wedding reception in December, which I know is going to take up most of my 'spare' cash, but from January 2018, I will make a difference to my debts.

    Currently have
    £485 0% credit card. It was £2000 in July, So I have been ensuring that I am working on it.
    £7500 Tesco loan at 3.2% - Paying £220 a month and due up in Three years
    £17,450 car loan. Car is in negative equity and I'm stuck in the PCP. The car also is over mileage and has damage. I am 10 months away from handing it back, but with excess mileage and damage, I am thinking this might not be the best idea. Currently paying £351 a month for this luxury that I am thinking I don't need. (I shouldn't have got it, but I did, I can't change what I have stupidly done, and now need to work on the best options).
    I spend money every month on things I don't need, and really need somewhere to record and focus on what it is I am doing, and the inspiration to keep going when I see progress is being made.

    I've started a written diary as well to try to help. If I pay off these debts, then I know that I will be £500 better off. In April, my phone is due up for renewal, and I have already looked at the SIM only deals which will take it to the £500 a month mark.

    i am going to try to earn some extra per month to pay off the debts, which in the short term might reduce the time I have with my daughter.

    Here goes...

    I really need to do this now.
Page 35
    • Nicnak
    • By Nicnak 9th Feb 18, 8:29 PM
    • 924 Posts
    • 5,168 Thanks
    Nicnak
    I can not live with if only!
    September 6th 2017 - Updated 13th May 2018
    Credit Card £0 now: £0 Tesco Loan £7500 = £0 Consolidation £15,000 = £13,855 Total = £25,330 £13,855 43% gone EMF #252 = £700/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #71
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 9th Feb 18, 8:34 PM
    • 4,426 Posts
    • 30,731 Thanks
    HairyHandofDartmoor
    I can not live with if only!
    Originally posted by Nicnak
    I agree it only makes you feel bad. I want to move on from where I am now and look forward and use the budgeting lessons I've learnt to build an amazing future .
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = £58,766 DEBT FREE 31 OCTOBER 2017
    NEW GOALS - Build Emergency Fund & Loss of Income Fund. Save for house repairs.
    "Tough times never last, but tough people do" - Robert H Schuller
    • Nicnak
    • By Nicnak 10th Feb 18, 7:58 AM
    • 924 Posts
    • 5,168 Thanks
    Nicnak
    I have found myself going back to the 'if only' the last few weeks, and I think it is because I am not as focussed.

    Overdraft is there because of eBay fees, me spending stupidly, and not paying in the tutoring money. Once it is paid in, it will be reduced by half, but still there. I have less than a week to wait till payday.

    I really need to pull my finger out this week, and not spend. Last night I spent £39 in the super market, but £22 was on alcohol. I do not remember the last time I did that.
    Not good.

    I feel a little different this morning so might have woken up a lot more focussed.

    I didn't goal set in February though- that might be why.
    September 6th 2017 - Updated 13th May 2018
    Credit Card £0 now: £0 Tesco Loan £7500 = £0 Consolidation £15,000 = £13,855 Total = £25,330 £13,855 43% gone EMF #252 = £700/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #71
    • Nicnak
    • By Nicnak 10th Feb 18, 8:23 AM
    • 924 Posts
    • 5,168 Thanks
    Nicnak
    I have not been posting so much in here recently. I think it is because I have not done so well as previous and have been spending unnecessarily and writing it in here means admitting to it.

    Things are not standing so well.
    £279 of dental treatment on the credit card
    £100 overdraft
    £60 cash to pay in.

    I have £55 of eBay fees to come out before I get paid as well. I need to put fuel in the car so things are not good at all this month.

    I have paid out
    £800 photographer
    £300 dentist

    Plus I have still tried to pay out all the debts and bills I have. By clearing one, I have caused another. I did not think this month out at all.

    So from February 15th- March 15th I need to get planned and focussed.
    It is Little ones Birthday on the 15th March so I know her birthday present will be coming out of this month's pay. She also wants a party. I will look at sorting that out as well.

    Planning is always the key. I seemed to think that I had it under control when in reality, I did not. I still need to plan!

    Goals for Feb:
    Earn an extra £300 to pay for little ones birthday party and gift as well as her dance classes £9 a week.
    Pay off only what I can, and not what I want- there is a huge difference between the two.

    Monitor my accounts weekly to check I am on track
    Post my bad bits in here too so I can track them.
    September 6th 2017 - Updated 13th May 2018
    Credit Card £0 now: £0 Tesco Loan £7500 = £0 Consolidation £15,000 = £13,855 Total = £25,330 £13,855 43% gone EMF #252 = £700/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #71
    • Purplemumof2
    • By Purplemumof2 10th Feb 18, 9:26 AM
    • 6,153 Posts
    • 22,636 Thanks
    Purplemumof2
    I can not live with if only!
    Originally posted by Nicnak
    Same here, I was once told that although you can't change the past, use it, learn from it and make your future better.
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £6200.00 Cap 1: £395.80 BC: £6841.81
    AFD xxx LTW 6/16
    POAMAYC 2018 #041 PD £6288.87/£7000
    Savings for Christmas £191.84/£365
    20p Savers 2018 £2 Savers 2018 50p Savers 2018 SPC 11 2018 #003
    • Nicnak
    • By Nicnak 10th Feb 18, 11:47 AM
    • 924 Posts
    • 5,168 Thanks
    Nicnak
    Same here, I was once told that although you can't change the past, use it, learn from it and make your future better.
    Originally posted by Purplemumof2
    I really need to stick to this! Learning is key with the money goal.
    September 6th 2017 - Updated 13th May 2018
    Credit Card £0 now: £0 Tesco Loan £7500 = £0 Consolidation £15,000 = £13,855 Total = £25,330 £13,855 43% gone EMF #252 = £700/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #71
    • Purplemumof2
    • By Purplemumof2 10th Feb 18, 11:49 AM
    • 6,153 Posts
    • 22,636 Thanks
    Purplemumof2
    I really need to stick to this! Learning is key with the money goal.
    Originally posted by Nicnak
    Likewise Hun x
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £6200.00 Cap 1: £395.80 BC: £6841.81
    AFD xxx LTW 6/16
    POAMAYC 2018 #041 PD £6288.87/£7000
    Savings for Christmas £191.84/£365
    20p Savers 2018 £2 Savers 2018 50p Savers 2018 SPC 11 2018 #003
    • Nicnak
    • By Nicnak 10th Feb 18, 11:51 AM
    • 924 Posts
    • 5,168 Thanks
    Nicnak
    Likewise Hun x
    Originally posted by Purplemumof2
    it helps having such a supportive community posting lovely quotes to keep me focussed.
    Thank you x
    September 6th 2017 - Updated 13th May 2018
    Credit Card £0 now: £0 Tesco Loan £7500 = £0 Consolidation £15,000 = £13,855 Total = £25,330 £13,855 43% gone EMF #252 = £700/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #71
    • Nicnak
    • By Nicnak 10th Feb 18, 7:24 PM
    • 924 Posts
    • 5,168 Thanks
    Nicnak
    Things are not as bad as I first thought.
    I forgot about the money back from the dental private thing £90 came in today.
    Not going off my credit card, but removed me from my overdraft. £60 cash to go into the bank or I can do £50 cash and £10 fuel, which will keep me going until payday on Thursday.
    £150 due in the next 30 days from my bank account.
    This will help immensely. Hubby can pay for little ones main present and I will do the party. That will be more money saved. I always take on the bills as if i am a single parent. I paid for the cake, photographer and venue.

    I just need to ensure I am pushing him to pay his share. He does when I ask.
    September 6th 2017 - Updated 13th May 2018
    Credit Card £0 now: £0 Tesco Loan £7500 = £0 Consolidation £15,000 = £13,855 Total = £25,330 £13,855 43% gone EMF #252 = £700/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #71
    • Nicnak
    • By Nicnak 11th Feb 18, 8:28 AM
    • 924 Posts
    • 5,168 Thanks
    Nicnak
    What an awful day again today. This does not help my spending as we end up somewhere indoors, which usually results in coffee, cookies and money spent. When it is nicer, I can walk and get into the garden to do things, which results in not spending money.

    I am on a paperwork sorting mission. There is loads stacked up that I would like to sort this week. That might make my mind better if everything is organised.

    Targets for this week:
    1) no unnecessary spending
    2) when I get paid evaluate all my debts and prioritise paying them
    3) get the cash into the bank ASAP
    4) sort paperwork and house out
    5) celebrate achievements.
    September 6th 2017 - Updated 13th May 2018
    Credit Card £0 now: £0 Tesco Loan £7500 = £0 Consolidation £15,000 = £13,855 Total = £25,330 £13,855 43% gone EMF #252 = £700/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #71
    • Nicnak
    • By Nicnak 11th Feb 18, 6:54 PM
    • 924 Posts
    • 5,168 Thanks
    Nicnak
    Current debt is:
    £16,961.53.

    Might be better, but it is still nowhere near what I want. I need to ensure I am keeping on top of my spending.

    I want it to be so much lower. I feel like I have debt everywhere at the minute. By the end of the week, it should just be in two places.
    September 6th 2017 - Updated 13th May 2018
    Credit Card £0 now: £0 Tesco Loan £7500 = £0 Consolidation £15,000 = £13,855 Total = £25,330 £13,855 43% gone EMF #252 = £700/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #71
    • Nicnak
    • By Nicnak 11th Feb 18, 7:05 PM
    • 924 Posts
    • 5,168 Thanks
    Nicnak
    Two NSDs on the run this weekend! Woohoo
    September 6th 2017 - Updated 13th May 2018
    Credit Card £0 now: £0 Tesco Loan £7500 = £0 Consolidation £15,000 = £13,855 Total = £25,330 £13,855 43% gone EMF #252 = £700/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #71
    • Nicnak
    • By Nicnak 12th Feb 18, 6:42 AM
    • 924 Posts
    • 5,168 Thanks
    Nicnak
    It started so well. Just after I updated, I had a gin, then another.

    Then, because my laptop was there, I ordered a kebab.
    Not at all impressed with yself. No more drinking and laptop together.

    It could be worse, last time I ordered a laptop.
    September 6th 2017 - Updated 13th May 2018
    Credit Card £0 now: £0 Tesco Loan £7500 = £0 Consolidation £15,000 = £13,855 Total = £25,330 £13,855 43% gone EMF #252 = £700/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #71
    • Nicnak
    • By Nicnak 12th Feb 18, 2:04 PM
    • 924 Posts
    • 5,168 Thanks
    Nicnak
    Today has been so so.

    I paid £40 into the bank and sold some of the wax melts that I sell for a friend. I am dropping them off later so that will be £10 given.

    I checked my bank and got the £150 to switch fee paid so that went straight off one of the loans. I only managed to pay £140 because to pay the £150 would leave me £3 left into my account.

    iTunes annual renewal thing came out today, no idea what it is to be honest so will investigate what it is, and why I pay £22 a year for it. I had had an email, but forgotten about it. The £40 covered the stupid kebab last night, the milk order, and also the iTunes thingy and the £150 really helped keep it just about the £10 needed for pay day on Thursday.

    At least I have managed to pay a further £140 off my debt. It is better than nothing.

    I have set myself a target of making £50 this week. I am not tutoring so that will be hard. £10 from the wax melts for today so another £40 from somewhere would be helpful. I'm doing surveys to help with this as well. If I can get £15 from surveys this week then that's something. I have no idea where the other bits of money will come from, but I have faith.

    I know my tax code has changed for the better for me. I am hoping my work have changed it so I will be £30 better off this week from that. I consolidated before Christmas, but at a much lower value so I have debt here and there that I am still paying. I plan on paying off two of those debts completely by the end of the week so that will be only two debts left. One will take another two months to pay off, and the other is a few years of working on it. I should be down to 10k by August, and job dependant 6k by Christmas.

    I have £10 cash in my purse for little ones dancing tonight. With the other £10 cash I will get tonight, I will buy some burners to make a few mother's day gift sets. Hopefully they will sell giving me some more profit.

    I also set up a free website and listed my journals on there too. To sell one of them per week would make a huge difference, but they are quite expensive.

    So, here goes me trying to have a good week.
    Last edited by Nicnak; 12-02-2018 at 2:10 PM.
    September 6th 2017 - Updated 13th May 2018
    Credit Card £0 now: £0 Tesco Loan £7500 = £0 Consolidation £15,000 = £13,855 Total = £25,330 £13,855 43% gone EMF #252 = £700/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #71
    • kindofagilr
    • By kindofagilr 12th Feb 18, 4:27 PM
    • 6,203 Posts
    • 20,908 Thanks
    kindofagilr
    You are doing really well NN, try not to beat yourself up over the little kebab slip up, you are doing fab xx
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    My Debt Free Diary (Link)
    • Purplemumof2
    • By Purplemumof2 12th Feb 18, 5:34 PM
    • 6,153 Posts
    • 22,636 Thanks
    Purplemumof2
    It started so well. Just after I updated, I had a gin, then another.

    Then, because my laptop was there, I ordered a kebab.
    Not at all impressed with yself. No more drinking and laptop together.

    It could be worse, last time I ordered a laptop.
    Originally posted by Nicnak
    I love gin too

    Don't be too hard on yourself about the kebab, hope it was nice

    You're doing great, keep going xx
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £6200.00 Cap 1: £395.80 BC: £6841.81
    AFD xxx LTW 6/16
    POAMAYC 2018 #041 PD £6288.87/£7000
    Savings for Christmas £191.84/£365
    20p Savers 2018 £2 Savers 2018 50p Savers 2018 SPC 11 2018 #003
    • Nicnak
    • By Nicnak 12th Feb 18, 8:17 PM
    • 924 Posts
    • 5,168 Thanks
    Nicnak
    You are doing really well NN, try not to beat yourself up over the little kebab slip up, you are doing fab xx
    Originally posted by kindofagilr
    Thank you, it was just £10 I didnít need to spends

    It was gorgeous though! X
    September 6th 2017 - Updated 13th May 2018
    Credit Card £0 now: £0 Tesco Loan £7500 = £0 Consolidation £15,000 = £13,855 Total = £25,330 £13,855 43% gone EMF #252 = £700/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #71
    • Nicnak
    • By Nicnak 12th Feb 18, 8:18 PM
    • 924 Posts
    • 5,168 Thanks
    Nicnak
    I love gin too

    Don't be too hard on yourself about the kebab, hope it was nice

    You're doing great, keep going xx
    Originally posted by Purplemumof2
    Gorgeous! Ha ha x
    September 6th 2017 - Updated 13th May 2018
    Credit Card £0 now: £0 Tesco Loan £7500 = £0 Consolidation £15,000 = £13,855 Total = £25,330 £13,855 43% gone EMF #252 = £700/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #71
    • Nicnak
    • By Nicnak 12th Feb 18, 8:34 PM
    • 924 Posts
    • 5,168 Thanks
    Nicnak
    Other than little ones dance class, I survived without spending
    No kebab today! He he!

    I got paid £10 for the wax melts. I have kept that in my purse for a coffee with my friend on Wednesday.

    Thursday is payday. Got £13 in my account till last till then.
    September 6th 2017 - Updated 13th May 2018
    Credit Card £0 now: £0 Tesco Loan £7500 = £0 Consolidation £15,000 = £13,855 Total = £25,330 £13,855 43% gone EMF #252 = £700/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #71
    • Nicnak
    • By Nicnak 13th Feb 18, 9:24 AM
    • 924 Posts
    • 5,168 Thanks
    Nicnak
    Morning,

    I am hoping for another good day. I need to get some fruit for pancakes for tonight. Little one has asked for pancakes with fruit. I have £15 in my purse that I need to pay for some of this. I need to do a full shop on Thursday when I get paid. We have run the cupboards down as I don't want to spend too much. I might stock up the freezer a little bit this month as well. I am off this week so might be a good idea to to do that.

    Off to do some more surveys now. Hoping for £10 today.
    September 6th 2017 - Updated 13th May 2018
    Credit Card £0 now: £0 Tesco Loan £7500 = £0 Consolidation £15,000 = £13,855 Total = £25,330 £13,855 43% gone EMF #252 = £700/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #71
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