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  • FIRST POST
    • Nicnak
    • By Nicnak 10th Sep 17, 8:30 PM
    • 925Posts
    • 5,171Thanks
    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 42
    • Nicnak
    • By Nicnak 2nd Jun 18, 10:07 AM
    • 925 Posts
    • 5,171 Thanks
    Nicnak
    Thanks everyone.
    I am desperately trying to get well again, but my head goes into a slump.

    I have noticed that mentally I have changed with my view on things. I am still on debt busting and will continue to be like this but other things have changed.
    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 2nd Jun 18, 2:42 PM
    • 925 Posts
    • 5,171 Thanks
    Nicnak
    I have just discovered there is something called post sepsis syndrome which describes my symptoms perfectly. It can take 6-18months to recover.
    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 3rd Jun 18, 8:33 AM
    • 925 Posts
    • 5,171 Thanks
    Nicnak
    OK,

    Pay day is a week on Friday. I have 200 in my account, which sounds like plenty of money, but I have a busy and difficult weekend next weekend.
    Friday I need to travel to Cardiff for business. I will be paid for my mileage, and also be paid for being there for the day.
    150 to be there - paid within a month
    170 for mileage- paid within a month (Although I am awaiting confirmation that I can get paid for this)
    My Mum's birthday
    A birthday party for my little one (So present required)
    All of this will need paying for in advance and then claiming back. I will need to pay for the evening meal and claim that back as well. Potentially, I am at risk of going into my overdraft. I need fuel for work for two weeks, and I also need fuel for the car to go to and from Cardiff before I get paid for it.

    Think I am just going to have to 'cope' with this as it is all going to come back to me, I just need to sit tight and wait for it. I don't really want to credit card it, but I guess I could do if needed to ensure it doesn't come out of my account. I will need to find out my pin number this week if I am going to do that.

    So, a very long two week wait, I'm going to need shopping as well this week! Oh well, sure I will be fine.
    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 3rd Jun 18, 9:18 PM
    • 4,569 Posts
    • 31,829 Thanks
    HairyHandofDartmoor
    That's very awkward Nicnak, it's a shame you have the delay in getting the money back. Maybe you need a savings pot for temporary work expenses.

    Post sepsis syndrome would explain your exhaustion. It's frustrating for you so I do hope yours doesn't last 18 months. Make sure you schedule some rest into your busy week .
    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 4th Jun 18, 7:27 PM
    • 925 Posts
    • 5,171 Thanks
    Nicnak
    Yep, get planned for this as I knew it was coming!
    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 Jun 18, 8:18 PM
    • 925 Posts
    • 5,171 Thanks
    Nicnak
    Up and down in terms of money before Friday's pay day.

    I found out tonight hubby has medical insurance thingy and got paid 112 for my hospital stay. He didn't tell me and eventually agreed to pay me 50% of it even though he pays the monthly fee. That has helped me out massively.

    I had to pay out 50.40 to pay for food and for breakfast for little one and hubby. I also paid his fuel as he drove us of 60 and the excess left he has been able to use all week, and it took us to see his family.

    One account is 25 up. The other is 33 into the overdraft. Overall it is -8.

    From business, I am owed quite a lot of money- around 300 so far, but that will come much later on. Payday is on Friday, and I am hoping that it gets put through as soon as possible so I can pay some more debt off. 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 24th Jun 18, 6:37 AM
    • 925 Posts
    • 5,171 Thanks
    Nicnak
    I!!!8217;ve left my husband so will probably be quiet for a while 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
    • Cumbria lass
    • By Cumbria lass 24th Jun 18, 6:57 AM
    • 1,966 Posts
    • 12,044 Thanks
    Cumbria lass
    Sorry to hear that Nicnak , take care of yourself and your little one .
    CC1 3980 June 2018
    • enthusiasticsaver
    • By enthusiasticsaver 24th Jun 18, 8:51 AM
    • 6,678 Posts
    • 14,147 Thanks
    enthusiasticsaver
    Sorry to hear that Nicnak. Hope you're doing ok healthwise.
    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
    • DebtFreeDuo
    • By DebtFreeDuo 3rd Jul 18, 2:13 PM
    • 823 Posts
    • 4,201 Thanks
    DebtFreeDuo
    Just stopped by to see how you were doing, I'm so sorry to hear this. I know I am only a virtual stranger but my inbox is open at any time, I know how difficult it all is and how overwhelming. I hope you are taking care of yourself and your small.
    Debt free by Christmas 2018 #004: 6065.82/7445.69
    2018 in 2018 #25: 2549.13/2018
    SPC 586
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 10th Jul 18, 7:18 PM
    • 4,569 Posts
    • 31,829 Thanks
    HairyHandofDartmoor
    I!!!8217;ve left my husband so will probably be quiet for a while x
    Originally posted by Nicnak
    Oh crumbs I've only just seen this. Sorry Nicnak. I hope you're okay.
    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
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