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    • HairyHandofDartmoor
    • By HairyHandofDartmoor 24th Sep 17, 1:22 PM
    • 4,422Posts
    • 30,590Thanks
    HairyHandofDartmoor
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    • #1
    • 24th Sep 17, 1:22 PM
    Finally Debt Free After 34 Years, But Still Need to Live Frugally 24th Sep 17 at 1:22 PM
    My DH and I have been in debt for 34 Years, apart from brief periods, ever since I was offered my first credit card at the tender age of19.

    Our debts were caused by us being impulsive spenders and not being very skilled at budgeting or managing our money, so we know it is our own fault. We always believed that one day we would have more money, mysteriously, and that this would bail us out .

    Our full light bulb moment came when we realised, "What if we never have any more money than we do right now?"

    A couple of years ago we were coping with the minimum payments, but didn't have enough to overpay on any of them. We were forking out £1300 a month in minimum payments, and the interest alone was £1000 a month .

    But then in 2015 our small business started to bring in less, and a family bereavement, and illness affected our ability to work. We could no longer afford the minimum repayments and we were scared we would lose our home. We were stricken with stress and depression .

    Step Change shone a light in the darkness for us and they arranged for us to make token payments of £1 a month to our creditors. This saved our sanity and we were reassured that our home was unlikely to be taken from us.

    My DH recently turned 55 and drew out his pension so that we could make full and final offers to our creditors. All but one accepted an offer of 50% of what we owed (which is all we had to offer). We are continuing negotiations with the final creditor and hope to be debt free by Christmas .

    Being so close to being debt free has made me realise what a heavy burden the debts have been all these years, like living our lives wearing lead boots.

    Once we are debt free we will still need to live very frugally because we have no emergency fund or savings, and our income can be irregular. I hope that starting a diary will help to focus me on frugal living, avoid impulsive spends, and keep my spirits up. Because frugal living can be a lonely and isolating experience.

    This site and Step Change has helped me so much, and I hope that my diary will help to inspire others that it's never too late to change your life .
    Last edited by HairyHandofDartmoor; 18-11-2017 at 9:49 AM.
    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
Page 118
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 3rd Mar 18, 3:53 PM
    • 4,422 Posts
    • 30,590 Thanks
    HairyHandofDartmoor
    At least you got a reprieve from the journey out in the snow. Great customer service from Virgin. Snow is thawing here, quite a lot warmer today thank goodness.
    Originally posted by Sun Addict
    Thanks SA . I think travelling this morning could have been a bit dodgy . It should be fine tomorrow. I'm glad you're snow is thawing.

    Glad that you got out
    Originally posted by beanielou
    Me too Beanie . I think it did me 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.
    "Tough times never last, but tough people do" - Robert H Schuller
    • redofromstart
    • By redofromstart 3rd Mar 18, 3:58 PM
    • 1,771 Posts
    • 10,670 Thanks
    redofromstart
    I felt like I was on day release from prison
    Originally posted by HairyHandofDartmoor
    this made me smile

    Glad you got out, and hoping its all smooth running tomorrow for his return.
    • Cumbria lass
    • By Cumbria lass 3rd Mar 18, 4:19 PM
    • 1,891 Posts
    • 11,492 Thanks
    Cumbria lass
    All good news then HH , glad you got out for a while. As Wannabe says the weather here is ok now .
    CC1 £3475 May 2018
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 3rd Mar 18, 6:27 PM
    • 4,422 Posts
    • 30,590 Thanks
    HairyHandofDartmoor
    this made me smile

    Glad you got out, and hoping its all smooth running tomorrow for his return.
    Originally posted by redofromstart
    All good news then HH , glad you got out for a while. As Wannabe says the weather here is ok now .
    Originally posted by Cumbria lass
    Thanks both .

    I weighed myself this morning and I've lost 9 pounds in the last three weeks . Only 5 pounds off my target weight . However I feel a bit flabby and untoned so I need to do brisk walking and vigorous housework when I've got my energy back.

    DS2 has napped this afternoon and is getting another free dinner tonight. I reckon he's eating better than we are .
    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
    • beanielou
    • By beanielou 3rd Mar 18, 6:57 PM
    • 54,970 Posts
    • 219,419 Thanks
    beanielou
    Great news on your weight.
    As I have been eating for Scotland this week I am going in the wrong direction
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 3rd Mar 18, 7:01 PM
    • 4,422 Posts
    • 30,590 Thanks
    HairyHandofDartmoor
    Great news on your weight.
    As I have been eating for Scotland this week I am going in the wrong direction
    Originally posted by beanielou
    It's the cold weather
    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
    • beanielou
    • By beanielou 3rd Mar 18, 7:01 PM
    • 54,970 Posts
    • 219,419 Thanks
    beanielou
    It's the cold weather
    Originally posted by HairyHandofDartmoor
    Sadly it is
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • Seasidegal58
    • By Seasidegal58 3rd Mar 18, 8:48 PM
    • 1,980 Posts
    • 12,232 Thanks
    Seasidegal58
    What a relief for you all that DS got his hotel room and he is being well fed!

    Good news on the weight loss. It’s the only upside of being poorly isn’t it?

    And you sound like you enjoyed your outing - nice to get out in the fresh air again - even though it’s cold!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 20/05/2018: £646.59
    MONTHS TO RETIREMENT: 35!
    My diary: “Paid off the £31,0000! BUT- still scrimping!”
    • please-let-me-be-lucky
    • By please-let-me-be-lucky 4th Mar 18, 1:22 PM
    • 8,833 Posts
    • 51,756 Thanks
    please-let-me-be-lucky
    Hope today’s journey goes to plan, and you all get back soon safely Xx
    Debts @ LBM £23,729.31. Debts @ 08/04/2016 £0

    NSDs achieved in 2018 28/60
    Best win so far - holiday to Florida
    • Sun Addict
    • By Sun Addict 4th Mar 18, 1:43 PM
    • 5,832 Posts
    • 38,520 Thanks
    Sun Addict
    At least the weight loss is a plus for being ill Reminds me of one post Christmas weigh in at WW when the only person who lost weight was a woman who'd had gastric flu all over Christmas. Everyone was so envious but the poor woman had had a terrible time.

    Hopefully you'll be back stepping it out soon xx
    Virtual Sealed Pot 2018 £296.07
    Debt £2400
    June 4 NSDs 4 AFDs
    Weight loss 0.5/6LBS
    Emergency Fund £2000/£10,000
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 4th Mar 18, 4:54 PM
    • 4,422 Posts
    • 30,590 Thanks
    HairyHandofDartmoor
    What a relief for you all that DS got his hotel room and he is being well fed!

    Good news on the weight loss. It’s the only upside of being poorly isn’t it?

    And you sound like you enjoyed your outing - nice to get out in the fresh air again - even though it’s cold!
    Originally posted by Seasidegal58
    Hope today’s journey goes to plan, and you all get back soon safely Xx
    Originally posted by please-let-me-be-lucky
    At least the weight loss is a plus for being ill Reminds me of one post Christmas weigh in at WW when the only person who lost weight was a woman who'd had gastric flu all over Christmas. Everyone was so envious but the poor woman had had a terrible time.

    Hopefully you'll be back stepping it out soon xx
    Originally posted by Sun Addict
    Thanks all .

    Yes weight loss is the only silver lining in having flu, but I don't recommend it as it was a ghastly experience .

    I've never felt so ill apart from when my appendix burst and I recovered from that in two weeks.
    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
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 4th Mar 18, 4:55 PM
    • 4,422 Posts
    • 30,590 Thanks
    HairyHandofDartmoor
    DS2 is home
    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
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 4th Mar 18, 5:02 PM
    • 4,422 Posts
    • 30,590 Thanks
    HairyHandofDartmoor
    His flight was at 1.30 pm in the end (sunday timetable). We had a clear run to Exeter, snow on the fields but clear roads.

    DS2 actually looked pleased to see us and we made it to the supermarket ten minutes before it shut so DS2 could stock up on his broccoli and spinach .

    DS2 wants to go to Ireland in May, Iceland in July with DS3, and Malta in October! He's got the travel bug!
    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
    • XSpender
    • By XSpender 4th Mar 18, 5:24 PM
    • 2,970 Posts
    • 30,663 Thanks
    XSpender
    Pleased to hear DS is home and you had a trouble free journey. DS travel plans sound exciting.
    Action Plan Part 1 - Clear First 3 Balances
    Target Debt Lloyds (Me) Part 1 £666.22/£0
    Target Debt Virgin (Me) Part 1 £1176.49/£0
    Target Debt Virgin (Me) Part 2 £1038/£970
    Big black hole of debt - £53,515.15 @ 16.12.17 £52,811.64 @ 28.02.18, £50,638.77 @ 28.03.18, £49,778.78 @ 20.04.18, £46,093.32 @ 18.05.18
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 4th Mar 18, 5:27 PM
    • 4,422 Posts
    • 30,590 Thanks
    HairyHandofDartmoor
    Pleased to hear DS is home and you had a trouble free journey. DS travel plans sound exciting.
    Originally posted by XSpender
    Thanks, such a relief
    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
    • Cumbria lass
    • By Cumbria lass 4th Mar 18, 5:45 PM
    • 1,891 Posts
    • 11,492 Thanks
    Cumbria lass
    Hurray for DS being home .
    CC1 £3475 May 2018
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 4th Mar 18, 6:07 PM
    • 4,422 Posts
    • 30,590 Thanks
    HairyHandofDartmoor
    Hurray for DS being home .
    Originally posted by Cumbria lass
    Massive massive relief
    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
    • beanielou
    • By beanielou 4th Mar 18, 7:33 PM
    • 54,970 Posts
    • 219,419 Thanks
    beanielou
    Glad that DS is home.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • Seasidegal58
    • By Seasidegal58 4th Mar 18, 8:19 PM
    • 1,980 Posts
    • 12,232 Thanks
    Seasidegal58
    That's great that DS is home. Is his US girlfriend planning to come over here to meet you all or join him on his forthcoming travels?
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 20/05/2018: £646.59
    MONTHS TO RETIREMENT: 35!
    My diary: “Paid off the £31,0000! BUT- still scrimping!”
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 4th Mar 18, 9:40 PM
    • 4,422 Posts
    • 30,590 Thanks
    HairyHandofDartmoor
    Glad that DS is home.
    Originally posted by beanielou
    Thanks beanie

    That's great that DS is home. Is his US girlfriend planning to come over here to meet you all or join him on his forthcoming travels?
    Originally posted by Seasidegal58
    His love life isn't going smoothly at the moment . His US girlfriend is much older than him, going through a divorce and got three teenage kids . DH and I are hoping it will die a death and he'll meet someone else. He's too young to cope with all that at 23 .
    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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