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  • FIRST POST
    • Nicnak
    • By Nicnak 10th Sep 17, 8:30 PM
    • 1,587Posts
    • 9,128Thanks
    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 49
    • Nicnak
    • By Nicnak 13th Oct 18, 7:07 AM
    • 1,587 Posts
    • 9,128 Thanks
    Nicnak
    Morning,

    Pay day is Monday, but my money is in my account showing already. It is one of the only times I have felt guilt seeing my wage when I haven't been working properly.

    i used swags last night to play some bingo. I deposited the 10 to get the free 50, but didn't realise they gave it as free tickets and not bingo bonus. By the time i had realised, I had wasted most of it on the 1p Bingo, which meant the 200 free tickets that I could have used on 25p games, had amounted to 2.

    I did win 50 and withdrew it immediately as normal. That means I am 40 up. None of this counts the Swag points, which equates to about 8 in total. I'll exchange it for Amazon vouchers for my little one for Christmas.

    Tonight, there is another bingo site which offers something similar so I will do the same. I'll get more vouchers for this one than the 10 deposit, and if I manage to win anything, I will be up straight away. I enjoy bingo and it is about the discipline of it as well.

    With this 40, I am getting me and little one matching pjs for Christmas Eve. I am also taking her to choose three Christmas Decorations this morning for our tree. I have to be really careful this month with the mortgage going well over the normal amount. I have also paid off over 1000 on the loan. When I update balance, including my full wages before bills have come out, my outstanding figure is -7500. That is so low for me. I know by the end of the month, it will be -9200, but again, this is huge progress.
    x
    September 6th 2017 - Updated 21st Oct
    Credit Card 0 now: 0 Tesco Loan 7500 = 0 Consolidation 15,000 = 10,580 Total = 25,330 10,812 59% gone EMF #252 = 775/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • Nicnak
    • By Nicnak 13th Oct 18, 7:54 AM
    • 1,587 Posts
    • 9,128 Thanks
    Nicnak
    Well, I signed up for the other bingo account, deposited 10, had a little play, and won a share of a 50 house. 25 transferred back into my account.

    Another 10 amazon voucher from the points too. I still have money to play tonight, and the free tickets too.
    x
    September 6th 2017 - Updated 21st Oct
    Credit Card 0 now: 0 Tesco Loan 7500 = 0 Consolidation 15,000 = 10,580 Total = 25,330 10,812 59% gone EMF #252 = 775/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • Nicnak
    • By Nicnak 13th Oct 18, 8:29 AM
    • 1,587 Posts
    • 9,128 Thanks
    Nicnak
    Energy company now changed so that's 10 a month saving or, 120 a year.

    Every single penny counts. x
    September 6th 2017 - Updated 21st Oct
    Credit Card 0 now: 0 Tesco Loan 7500 = 0 Consolidation 15,000 = 10,580 Total = 25,330 10,812 59% gone EMF #252 = 775/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 13th Oct 18, 9:40 PM
    • 6,527 Posts
    • 47,508 Thanks
    HairyHandofDartmoor
    You're doing well on the bingo Nicnak. Matching pjs and Christmas baubles sound good
    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.
    EMERGENCY FUND = 17
    "Tough times never last, but tough people do" - Robert H Schuller
    • Nicnak
    • By Nicnak 14th Oct 18, 7:36 AM
    • 1,587 Posts
    • 9,128 Thanks
    Nicnak
    You're doing well on the bingo Nicnak. Matching pjs and Christmas baubles sound good
    Originally posted by HairyHandofDartmoor
    Yes, I am very grateful for it at the minute.
    So far, in the last few weeks, I have won
    100 milk lottery
    50 bingo
    50 bingo
    25 bingo

    Plus other little amounts that have meant I haven't been out of pocket.
    Probably around 225 and then the vouchers for going through swagbucks and getting vouchers for doing it.

    I have bought a lot of Christmas presents with it, as well as paid off some debt, bought the hoover as ex will be taking ours in the next few weeks.

    Plus, spent around 40 on me and little one for pjs and Christmas decorations. Christmas will be different this year, and I want to make it a special one for her. x
    Last edited by Nicnak; 14-10-2018 at 7:55 AM.
    September 6th 2017 - Updated 21st Oct
    Credit Card 0 now: 0 Tesco Loan 7500 = 0 Consolidation 15,000 = 10,580 Total = 25,330 10,812 59% gone EMF #252 = 775/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • Nicnak
    • By Nicnak 14th Oct 18, 9:35 AM
    • 1,587 Posts
    • 9,128 Thanks
    Nicnak
    I've got to go shopping today. A budget of 40 has been set! x
    September 6th 2017 - Updated 21st Oct
    Credit Card 0 now: 0 Tesco Loan 7500 = 0 Consolidation 15,000 = 10,580 Total = 25,330 10,812 59% gone EMF #252 = 775/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • enthusiasticsaver
    • By enthusiasticsaver 14th Oct 18, 9:38 AM
    • 7,434 Posts
    • 16,404 Thanks
    enthusiasticsaver
    You sound very organised. Hope you are feeling better.
    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
    • Nicnak
    • By Nicnak 14th Oct 18, 9:49 AM
    • 1,587 Posts
    • 9,128 Thanks
    Nicnak
    You sound very organised. Hope you are feeling better.
    Originally posted by enthusiasticsaver
    Thank you. I am feeling better, but still not back in work so suspect that is why!

    I am trying to get Christmas organised! I need to make sure I an buying presents now otherwise it will be a huge hit in December.

    My toaster broke yesterday too. I need to replace that at some point this week. x
    September 6th 2017 - Updated 21st Oct
    Credit Card 0 now: 0 Tesco Loan 7500 = 0 Consolidation 15,000 = 10,580 Total = 25,330 10,812 59% gone EMF #252 = 775/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • enthusiasticsaver
    • By enthusiasticsaver 14th Oct 18, 9:56 AM
    • 7,434 Posts
    • 16,404 Thanks
    enthusiasticsaver
    Are you a teacher? Is your job stressful and affecting your health?

    I think long term moving to doing something else would be better for you unless it is the school which is the issue? Difficult though when you have just taken a mortgage on in your sole name.

    Is there anything the school could do to make the job less stressful considering the problems you have had health wise and in your marriage this year?
    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
    • Nicnak
    • By Nicnak 14th Oct 18, 9:58 AM
    • 1,587 Posts
    • 9,128 Thanks
    Nicnak
    Are you a teacher? Is your job stressful and affecting your health?

    I think long term moving to doing something else would be better for you unless it is the school which is the issue? Difficult though when you have just taken a mortgage on in your sole name.

    Is there anything the school could do to make the job less stressful considering the problems you have had health wise and in your marriage this year?
    Originally posted by enthusiasticsaver
    Yes, I am a teacher. We're looking at trying to make things easier, but will have to see what happens.

    I think long term, a career change will be needed!
    September 6th 2017 - Updated 21st Oct
    Credit Card 0 now: 0 Tesco Loan 7500 = 0 Consolidation 15,000 = 10,580 Total = 25,330 10,812 59% gone EMF #252 = 775/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • enthusiasticsaver
    • By enthusiasticsaver 14th Oct 18, 10:03 AM
    • 7,434 Posts
    • 16,404 Thanks
    enthusiasticsaver
    Yes, I am a teacher. We're looking at trying to make things easier, but will have to see what happens.

    I think long term, a career change will be needed!
    Originally posted by Nicnak
    Getting rid of the debt and getting some savings behind you will help you in that goal. From the sound of it your employers are sympathetic which is good. Teaching is stressful. I worked in a university arranging training courses for teachers so I know it is not an easy job. Mind you, what job is easy these days? Take your time getting better.
    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
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 14th Oct 18, 1:00 PM
    • 6,527 Posts
    • 47,508 Thanks
    HairyHandofDartmoor
    Glad you're getting Christmas sorted, at least you won't have to feel stressed about that in December.
    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.
    EMERGENCY FUND = 17
    "Tough times never last, but tough people do" - Robert H Schuller
    • Nicnak
    • By Nicnak 14th Oct 18, 6:56 PM
    • 1,587 Posts
    • 9,128 Thanks
    Nicnak
    Getting rid of the debt and getting some savings behind you will help you in that goal. From the sound of it your employers are sympathetic which is good. Teaching is stressful. I worked in a university arranging training courses for teachers so I know it is not an easy job. Mind you, what job is easy these days? Take your time getting better.
    Originally posted by enthusiasticsaver
    Yes, that is what I am trying to achieve x
    September 6th 2017 - Updated 21st Oct
    Credit Card 0 now: 0 Tesco Loan 7500 = 0 Consolidation 15,000 = 10,580 Total = 25,330 10,812 59% gone EMF #252 = 775/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • Nicnak
    • By Nicnak 14th Oct 18, 7:11 PM
    • 1,587 Posts
    • 9,128 Thanks
    Nicnak
    Glad you're getting Christmas sorted, at least you won't have to feel stressed about that in December.
    Originally posted by HairyHandofDartmoor
    Fingers crossed x
    September 6th 2017 - Updated 21st Oct
    Credit Card 0 now: 0 Tesco Loan 7500 = 0 Consolidation 15,000 = 10,580 Total = 25,330 10,812 59% gone EMF #252 = 775/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • Nicnak
    • By Nicnak 15th Oct 18, 8:22 AM
    • 1,587 Posts
    • 9,128 Thanks
    Nicnak
    Made a bingo error last night, which I am not happy about.

    I did the deposit 20 (this time) got 60 free play so 80. Won 5 and tried to transfer the 5 to my bank, which it did, and then removed my 63 bonus funds too. I managed to withdraw another 5, but that means I am 10 down.

    Luckily, I went through quidco so 15 tracked. However, as I didn't keep the bonus, I am wondering if it will be declined. I will not be making this mistake again.

    I have another student wanting tutoring now, so hopefully I am making the money up that my ex would have put into the account. I'm about 200 short from what he gave me, but 200 is better than 550.

    I still need to buy a new TV, and I have had to buy a new toaster and Iron as mine have broken. Thankfully my parents replaced my hair dryer which broke a few weeks ago!

    I used my club card vouchers to buy the majority of the toaster and part of the iron. I was going to use it as my Christmas shop, but needs must. That means I now need to find another 40 for the Christmas shop as I now have to have all the 'free from' range, and build up my cupboards so I can eat!

    Tomorrow I have my free eyebrow wax and facial booked in. Very excited for that!
    September 6th 2017 - Updated 21st Oct
    Credit Card 0 now: 0 Tesco Loan 7500 = 0 Consolidation 15,000 = 10,580 Total = 25,330 10,812 59% gone EMF #252 = 775/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 15th Oct 18, 2:14 PM
    • 6,527 Posts
    • 47,508 Thanks
    HairyHandofDartmoor
    It's so hard making the money available cover all the things you need. It doesn't help when things break. Club card vouchers are very useful though. This is partly why I shop in Mr T because the points are so useful.

    Mr T does seem to be having different Christmas things on offer every week, so I'm going to keep an eye out for bargains to put aside for Christmas (like the chocolate oranges).

    Sorry that wasn't very helpful. I wish I knew where a money tree grew .
    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.
    EMERGENCY FUND = 17
    "Tough times never last, but tough people do" - Robert H Schuller
    • Nicnak
    • By Nicnak 15th Oct 18, 7:04 PM
    • 1,587 Posts
    • 9,128 Thanks
    Nicnak
    It's so hard making the money available cover all the things you need. It doesn't help when things break. Club card vouchers are very useful though. This is partly why I shop in Mr T because the points are so useful.

    Mr T does seem to be having different Christmas things on offer every week, so I'm going to keep an eye out for bargains to put aside for Christmas (like the chocolate oranges).

    Sorry that wasn't very helpful. I wish I knew where a money tree grew .
    Originally posted by HairyHandofDartmoor
    I just got 260 confirmed from Quidco so thankfully able to get a new TV now!
    September 6th 2017 - Updated 21st Oct
    Credit Card 0 now: 0 Tesco Loan 7500 = 0 Consolidation 15,000 = 10,580 Total = 25,330 10,812 59% gone EMF #252 = 775/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • Nicnak
    • By Nicnak 16th Oct 18, 6:00 AM
    • 1,587 Posts
    • 9,128 Thanks
    Nicnak
    Morning,

    I did the bingo thing again last night. Paid in 20 for 20 cash back via quidco. Played it, got 40 bonus and then won 17. In the short term -3, in the long term, +17. Again, it takes discipline to withdraw the money at the right time and not to play again, which I happily can do. I only every play the free games once the initial bit is done.

    so happy my 260 got credited.

    I am very anxious about not having a job though. It has woken me up early. Although I am getting sick pay, and being up and unable to sleep is not helping my recovery at all. x
    September 6th 2017 - Updated 21st Oct
    Credit Card 0 now: 0 Tesco Loan 7500 = 0 Consolidation 15,000 = 10,580 Total = 25,330 10,812 59% gone EMF #252 = 775/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 16th Oct 18, 8:48 AM
    • 6,527 Posts
    • 47,508 Thanks
    HairyHandofDartmoor
    Good news about the Quidco money paying for your tv.

    You still have a job at the moment though, don't you? How much more sick leave do you have? I know you find the job very stressful. Do you teach primary or secondary?
    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.
    EMERGENCY FUND = 17
    "Tough times never last, but tough people do" - Robert H Schuller
    • Nicnak
    • By Nicnak 16th Oct 18, 7:14 PM
    • 1,587 Posts
    • 9,128 Thanks
    Nicnak
    Yes, I still have a job, and a few months sick pay too. I just don't want to abuse it.

    I keep panicking about the future. I teach secondary x
    September 6th 2017 - Updated 21st Oct
    Credit Card 0 now: 0 Tesco Loan 7500 = 0 Consolidation 15,000 = 10,580 Total = 25,330 10,812 59% gone EMF #252 = 775/1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
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