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    • HairyHandofDartmoor
    • By HairyHandofDartmoor 24th Sep 17, 1:22 PM
    • 5,789Posts
    • 40,943Thanks
    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.
    EMERGENCY FUND = 17
    "Tough times never last, but tough people do" - Robert H Schuller
Page 174
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 3rd Jul 18, 9:32 PM
    • 5,789 Posts
    • 40,943 Thanks
    HairyHandofDartmoor
    20 bags......that's must have left quite a space in your household xx
    Originally posted by abba1772
    DS2's room still looks full of clutter, his room is like one of those hoarders they make tv programmes about .
    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
    • beanielou
    • By beanielou 3rd Jul 18, 9:41 PM
    • 58,080 Posts
    • 239,221 Thanks
    beanielou
    DS2's room still looks full of clutter, his room is like one of those hoarders they make tv programmes about .
    Originally posted by HairyHandofDartmoor
    My DS's was like that too
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 12 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. MFW 2018. No 144
    • in need of direction
    • By in need of direction 3rd Jul 18, 9:54 PM
    • 5,350 Posts
    • 31,707 Thanks
    in need of direction
    DD has the room of doom here
    Mortgage at 01.01.14 119,481.83 today 72,374.15, target 65,000 by 31/12/18 Offset fund today 377.27 target 5,500 by 31/12/18
    Emergency fund 1,100/5.5k & 200/200 cash.
    Weight 8 July 14st 4lb
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • 117pauline
    • By 117pauline 3rd Jul 18, 9:54 PM
    • 684 Posts
    • 7,505 Thanks
    117pauline
    I am impressed with your productive day. Just remember though, you need to get the balance before you head up to Scotland.

    Take care honey
    Pauline
    Don't get it perfect - Get it going
    Better Than Before
    • beanielou
    • By beanielou 3rd Jul 18, 9:56 PM
    • 58,080 Posts
    • 239,221 Thanks
    beanielou
    I am impressed with your productive day. Just remember though, you need to get the balance before you head up to Scotland.

    Take care honey
    Pauline
    Originally posted by 117pauline
    Agrred
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 12 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. MFW 2018. No 144
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 3rd Jul 18, 10:27 PM
    • 5,789 Posts
    • 40,943 Thanks
    HairyHandofDartmoor
    My DS's was like that too
    Originally posted by beanielou
    DD has the room of doom here
    Originally posted by in need of direction


    A lamp disappeared from the breakfast room a couple of weeks ago, I retrieved it from DS2's room today .
    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
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 3rd Jul 18, 10:28 PM
    • 5,789 Posts
    • 40,943 Thanks
    HairyHandofDartmoor
    I am impressed with your productive day. Just remember though, you need to get the balance before you head up to Scotland.

    Take care honey
    Pauline
    Originally posted by 117pauline
    Agrred
    Originally posted by beanielou
    I feel really rested after my week at my dad's and it's so nice to have my energy back and get things sorted .
    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
    • in need of direction
    • By in need of direction 4th Jul 18, 7:35 AM
    • 5,350 Posts
    • 31,707 Thanks
    in need of direction
    DD emailed from US yesterday. She needed a document scanned so I entered the room of doom. I'll see your lamp and raise it. Found a happily unopened tin of sweet corn, bottle of lucozade zero and an apple!
    Mortgage at 01.01.14 119,481.83 today 72,374.15, target 65,000 by 31/12/18 Offset fund today 377.27 target 5,500 by 31/12/18
    Emergency fund 1,100/5.5k & 200/200 cash.
    Weight 8 July 14st 4lb
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 4th Jul 18, 10:21 AM
    • 5,789 Posts
    • 40,943 Thanks
    HairyHandofDartmoor
    DD emailed from US yesterday. She needed a document scanned so I entered the room of doom. I'll see your lamp and raise it. Found a happily unopened tin of sweet corn, bottle of lucozade zero and an apple!
    Originally posted by in need of direction
    they are unbelievabld!
    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
    • redofromstart
    • By redofromstart 4th Jul 18, 10:40 AM
    • 2,010 Posts
    • 12,482 Thanks
    redofromstart


    A lamp disappeared from the breakfast room a couple of weeks ago, I retrieved it from DS2's room today .
    Originally posted by HairyHandofDartmoor

    I read that as 'lamb' and was quietly bemused until I re-read it To be fair, I wouldn't be surprised if there isn't some livestock hidden in DS1s room. I'm going to make a start on his as we seem to be running out of cutlery again.
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 5th Jul 18, 6:47 PM
    • 5,789 Posts
    • 40,943 Thanks
    HairyHandofDartmoor
    I read that as 'lamb' and was quietly bemused until I re-read it To be fair, I wouldn't be surprised if there isn't some livestock hidden in DS1s room. I'm going to make a start on his as we seem to be running out of cutlery again.
    Originally posted by redofromstart
    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
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 5th Jul 18, 6:53 PM
    • 5,789 Posts
    • 40,943 Thanks
    HairyHandofDartmoor
    A few weeks ago I noticed a coconut on DS3's floor. A couple of days later he asked DH how you open a coconut . Yesterday I noticed he'd thrown it away. Obviously the effort was too much for him . If he was a castaway on a desert island he'd starve to death .
    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
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 5th Jul 18, 7:02 PM
    • 5,789 Posts
    • 40,943 Thanks
    HairyHandofDartmoor
    I've been feeling very tired today so I've been trying not to do anything extra. I'm hoping another early night will do the trick as I want to volunteer tomorrow.

    Yesterday I went to Mr T and spent 81 on the week's food, which is on budget . Afterwards DH and I nipped into town and got DH some work shoes for half price in the Cl@rks sale (32.50 reduced from 65) .

    It was after we got back that it suddenly hit me how tired I was . So today I've only done what's essential and rested apart from that. Hopefully I'll feel full of beans again tomorrow. I must learn to pace myself .
    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
    • elizabethhull
    • By elizabethhull 6th Jul 18, 10:45 AM
    • 283 Posts
    • 1,859 Thanks
    elizabethhull
    I've been feeling very tired today so I've been trying not to do anything extra. I'm hoping another early night will do the trick as I want to volunteer tomorrow.

    Yesterday I went to Mr T and spent 81 on the week's food, which is on budget . Afterwards DH and I nipped into town and got DH some work shoes for half price in the Cl@rks sale (32.50 reduced from 65) .

    It was after we got back that it suddenly hit me how tired I was . So today I've only done what's essential and rested apart from that. Hopefully I'll feel full of beans again tomorrow. I must learn to pace myself .
    Originally posted by HairyHandofDartmoor
    I have the perfect solution: watch Federer this afternoon, with a jug of iced water and maybe a lemon slice or 2 in it !
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 6th Jul 18, 3:12 PM
    • 5,789 Posts
    • 40,943 Thanks
    HairyHandofDartmoor
    I have the perfect solution: watch Federer this afternoon, with a jug of iced water and maybe a lemon slice or 2 in it !
    Originally posted by elizabethhull
    That sounds bliss but unfortunately work is calling .
    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
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 6th Jul 18, 9:19 PM
    • 5,789 Posts
    • 40,943 Thanks
    HairyHandofDartmoor
    I slept for ten hours last night and felt much better this morning. So I did my volunteering, where I was painting giant vowels with poster paints, great fun .

    I walked home and put towels in the garden to dry. It was really hot again today. I got work done this afternoon and also sorted some books to go to the charity shop.

    My PA money cleared today so 21 went into my account . I feel quite tired again this evening so another early night beckons.

    I hope everyone is having a good Friday .
    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
    • please-let-me-be-lucky
    • By please-let-me-be-lucky 6th Jul 18, 9:24 PM
    • 9,155 Posts
    • 55,137 Thanks
    please-let-me-be-lucky
    Hope you manage a chilled out weekend Hairy Xx
    Debts @ LBM 23,729.31. Debts @ 08/04/2016 0

    NSDs achieved in 2018 39/60
    Best win so far - holiday to Florida
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 6th Jul 18, 9:28 PM
    • 5,789 Posts
    • 40,943 Thanks
    HairyHandofDartmoor
    Hope you manage a chilled out weekend Hairy Xx
    Originally posted by please-let-me-be-lucky
    Thanks Lucky
    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
    • Sun Addict
    • By Sun Addict 6th Jul 18, 9:41 PM
    • 6,332 Posts
    • 43,742 Thanks
    Sun Addict
    Ten hours sleep Not slept for that long since I was a teenager!

    I think the hot weather is very draining. But shouldn't complain after the awful winter.

    Have a fab weekend xx
    Virtual Sealed Pot 2018 404.08
    Debt 2180
    Weight loss 0/6LBS
    Emergency Fund 4000/10,000
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 7th Jul 18, 6:27 PM
    • 5,789 Posts
    • 40,943 Thanks
    HairyHandofDartmoor
    Ten hours sleep Not slept for that long since I was a teenager!
    Originally posted by Sun Addict
    I was very tired
    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
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