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  • FIRST POST
    • Nicnak
    • By Nicnak 10th Sep 17, 8:30 PM
    • 1,718Posts
    • 9,796Thanks
    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 74
    • Nicnak
    • By Nicnak 8th Jan 19, 7:26 PM
    • 1,718 Posts
    • 9,796 Thanks
    Nicnak
    Thank you everyone.

    I feel happier having started now and things were ok today and yesterday.

    Money wise things not too good, but got an unexpected 45 from quidco today so have put that in my account. Posting my phone tomorrow for 124 and then energy company owe me 140 so that will be massively bringing me down. Hoping I can recover from the blip now.

    I should get paid on the 15th, but only just submitted my payroll form today so really hoping I do. I handed in my form to show my tax code so that should mean I don't go on emergency tax.

    Got a very busy month ahead whilst I sort out and set things up. i am so tired, I am in bed and a ridiculous time. Getting up is proving interesting!!
    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 8th Jan 19, 7:31 PM
    • 7,133 Posts
    • 52,552 Thanks
    HairyHandofDartmoor
    I'm glad things are going well at work . I hope you get the energy money returned soon.
    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 = 0
    "Tough times never last, but tough people do" - Robert H Schuller
    • Cumbria lass
    • By Cumbria lass 8th Jan 19, 7:32 PM
    • 2,610 Posts
    • 16,263 Thanks
    Cumbria lass
    Glad to hear the first couple of days have gone well, you can do this. Just make sure you look after yourself .
    CC1 3300 Jan 2019
    • teafor2
    • By teafor2 8th Jan 19, 7:44 PM
    • 415 Posts
    • 2,336 Thanks
    teafor2
    Great to hear your first couple of days have gone well and I hope your pay comes through for you next week. x
    • Nicnak
    • By Nicnak 8th Jan 19, 8:10 PM
    • 1,718 Posts
    • 9,796 Thanks
    Nicnak
    I'm glad things are going well at work . I hope you get the energy money returned soon.
    Originally posted by HairyHandofDartmoor
    Glad to hear the first couple of days have gone well, you can do this. Just make sure you look after yourself .
    Originally posted by Cumbria lass
    Great to hear your first couple of days have gone well and I hope your pay comes through for you next week. x
    Originally posted by teafor2
    Thanks all. It has been hectic xx
    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
    • Onebrokelady
    • By Onebrokelady 8th Jan 19, 8:29 PM
    • 1,275 Posts
    • 7,222 Thanks
    Onebrokelady
    Yay,glad to hear it's going well if a little hectic,hopefully things will settle down over time
    Just keep swimming
    Original Debt Owed Jan 18 = 17,630 Paid To Date = 1,598 Total Now Owed = 16,032
    Emergency Fund = 300 Xmas savings = 0
    • Nicnak
    • By Nicnak 11th Jan 19, 5:05 PM
    • 1,718 Posts
    • 9,796 Thanks
    Nicnak
    Hi all,

    Very very busy week and it will be a very busy month as well, I think!!

    I have found out today I don't get paid until the 15th Feb so have had to borrow money from my dad to see me through. I have pulled all my savings together too so hopefully that will make it easier. What a nightmare!

    I haven't had chance to catch up on diaries. I will do this weekend.

    Speak soon
    xxx
    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 11th Jan 19, 5:08 PM
    • 7,133 Posts
    • 52,552 Thanks
    HairyHandofDartmoor
    Oh blimey 15th Feb is a long wait to get paid . I'm glad your dad could help out with a loan.
    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 = 0
    "Tough times never last, but tough people do" - Robert H Schuller
    • teafor2
    • By teafor2 11th Jan 19, 5:31 PM
    • 415 Posts
    • 2,336 Thanks
    teafor2
    That's a long time to wait. Would wages dept not give you a 'sub'. I know a lot of companies understand when you start a new job it's not always possible to hang on until their pay day. Glad your Dad could help you out though. Enjoy your weekend. Any plans to go climbing? x
    • Cumbria lass
    • By Cumbria lass 11th Jan 19, 7:43 PM
    • 2,610 Posts
    • 16,263 Thanks
    Cumbria lass
    Glad the first week has gone well Nicnak. Thank goodness for dads and loans .

    Have a good weekend with your little one.
    CC1 3300 Jan 2019
    • Nicnak
    • By Nicnak 12th Jan 19, 8:34 AM
    • 1,718 Posts
    • 9,796 Thanks
    Nicnak
    I have to speak to the head on Monday/Tuesday to see if there is anything he can do to help.

    No plans for climbing. Ex is having little one for a full weekend next weekend so I think I will go then. 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
    • teafor2
    • By teafor2 12th Jan 19, 9:57 AM
    • 415 Posts
    • 2,336 Thanks
    teafor2
    Morning Just popping in to say I hope you and DD have a lovely weekend together. It's grey and miserable here so apart from dog walking I'm not going out, which is all good on the spending front! x
    • Nicnak
    • By Nicnak 12th Jan 19, 11:45 AM
    • 1,718 Posts
    • 9,796 Thanks
    Nicnak
    Thanks everyone. I am pooling money from wherever I can to ensure that I have enough. I won't ask ex, His 168 bottle of aftershave has meant he needs to watch his finances.

    I am trying to get back the 150 energy money that they owe me, but it is proving difficult.
    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
    • teafor2
    • By teafor2 12th Jan 19, 12:28 PM
    • 415 Posts
    • 2,336 Thanks
    teafor2
    I won't ask ex, His 168 bottle of aftershave has meant he needs to watch his finances.

    I am trying to get back the 150 energy money that they owe me, but it is proving difficult.
    x
    Originally posted by Nicnak
    Blimey. 168, he certainly doesn't put himself at the bottom of the list does he

    Energy companies irritate me. They're quick enough to take it from us. I'm sure a few years ago we had trouble with something like that and hubby mentioned ombudsman. How long have they owed you the money? x
    • Nicnak
    • By Nicnak 12th Jan 19, 12:34 PM
    • 1,718 Posts
    • 9,796 Thanks
    Nicnak
    Blimey. 168, he certainly doesn't put himself at the bottom of the list does he

    Energy companies irritate me. They're quick enough to take it from us. I'm sure a few years ago we had trouble with something like that and hubby mentioned ombudsman. How long have they owed you the money? x
    Originally posted by teafor2
    It's been about three weeks now so not that long in the world of energy companies, but it doesn't seem to be moving. Every time I speak to them, they do the same action suggesting it's just something they say to pacify you. If I have to chase it next week, I will be mentoring the ombudsman.

    xx
    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
    • abba1772
    • By abba1772 12th Jan 19, 8:35 PM
    • 5,520 Posts
    • 21,096 Thanks
    abba1772
    What aftershave costs 168 that's a bit extreme xx
    NEXT TARGET BARCLAYCARD WAS Jan 18 4299 NOW 4123.85
    POAMAYC 2011 6382.66 POAMAYC 2012 5000.78
    POAMAYC 2013 3480.04 POAMAYC 2014 4085.14
    POAMAYC 2015 7565.24 POAMAYC 2016 8000.90
    POAMAYC 2017 7278.80 POAMAYC 2018 13039.59
    POAMAYC 2019 453.59
    • Nicnak
    • By Nicnak 13th Jan 19, 9:03 AM
    • 1,718 Posts
    • 9,796 Thanks
    Nicnak
    What aftershave costs 168 that's a bit extreme xx
    Originally posted by abba1772
    Some very expensive one from selfridges. It's very overpowering too. I should have known he'd go on a spending spree.

    In other news, I have sold my phone and waiting for the money. 45 cash back tracked at Quidco so that came in for me.

    I've got my loan payment down by 50.
    I've stopped my union subscription as the place I work does not acknowledge unions so no point being in one. That's 20 a month. Plus national trust membership has been reduced by 5.

    That's a saving of 75 a month. That's some of my shopping. I've noticed fuel is okay too as I am 6 miles away from home now. It takes the same time because of traffic, but it's a huge saving on actual cost of fuel. I think about 50 a month.
    That's 125 saved. I just really need to get that pay sorted, and I will be fine. I can't figure out if I get paid double of I get paid in lieu or not.

    I have built up tutoring again with a possibility of another one coming this week. That means I have three confirmed, one possible and one who will be joining me soon (I taught his sibling). That will help so so much.

    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
    • Onebrokelady
    • By Onebrokelady 14th Jan 19, 10:52 PM
    • 1,275 Posts
    • 7,222 Thanks
    Onebrokelady
    168 on a bottle of aftershave,what a massive waste of money

    All your plans sound positive so far and that's quite a saving on your outgoings too,what a pain having to wait until the 15th to get paid though,I hope you have another good week this week
    Just keep swimming
    Original Debt Owed Jan 18 = 17,630 Paid To Date = 1,598 Total Now Owed = 16,032
    Emergency Fund = 300 Xmas savings = 0
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 15th Jan 19, 4:13 PM
    • 7,133 Posts
    • 52,552 Thanks
    HairyHandofDartmoor
    I can't believe anyone would spend that much on aftershave .

    Well done on the cutbacks to your budget, it's amazing what you can shave off when you put your mind to it .
    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 = 0
    "Tough times never last, but tough people do" - Robert H Schuller
    • teafor2
    • By teafor2 16th Jan 19, 4:11 PM
    • 415 Posts
    • 2,336 Thanks
    teafor2
    Hi, hope your week is going well. Great news that you've managed to cut down on some things and you've picked up some extra tutoring. Did you manage to get anything sorted out with your wages and the energy company? x
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