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  • FIRST POST
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 24th Sep 17, 1:22 PM
    • 4,570Posts
    • 31,959Thanks
    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 176
    • beanielou
    • By beanielou 9th Jul 18, 9:38 PM
    • 55,463 Posts
    • 222,578 Thanks
    beanielou
    It's such lovely news . I hope the final four boys and the coach get out safely tomorrow.
    Originally posted by HairyHandofDartmoor
    So do I.
    I wonder how they chose who went in the first groups.
    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 9th Jul 18, 9:55 PM
    • 4,570 Posts
    • 31,959 Thanks
    HairyHandofDartmoor
    So do I.
    I wonder how they chose who went in the first groups.
    Originally posted by beanielou
    Yes I'd love to know more detail.
    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
    • Verbatim
    • By Verbatim 9th Jul 18, 11:24 PM
    • 4,591 Posts
    • 13,720 Thanks
    Verbatim
    So do I.
    I wonder how they chose who went in the first groups.
    Originally posted by beanielou
    I read they medically assessed them and got the weakest out first. I hope the last 4+ coach are rescued equally successfully tomorrow.
    CCs @0% £24k Dec 05 £19,621.41 Au £13400 S 12600 Oct £11,981 £9481 £7500 Nov £7250 D £7100 Jan 6950 F £5800 Mar£5400 May £4830 June £4660 July £4460 Aug £3200, S £900, £0 18/9/07 DFW Nerd 042
    • beanielou
    • By beanielou 9th Jul 18, 11:49 PM
    • 55,463 Posts
    • 222,578 Thanks
    beanielou
    I read they medically assessed them and got the weakest out first. I hope the last 4+ coach are rescued equally successfully tomorrow.
    Originally posted by Verbatim
    So do I
    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.
    • elizabethhull
    • By elizabethhull 10th Jul 18, 12:39 AM
    • 230 Posts
    • 1,384 Thanks
    elizabethhull
    Also pleasedbeyond words about the further rescues
    Originally posted by beanielou
    When I saw in the paper what they had to do to get out, I think I'd have stayed in the cave! I can't swim & the idea of swimming underwater for a kilometre fills me with horror. To get the youths out with no-one panicking is a wonderful achievement. I also hope they all are rescued.
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 10th Jul 18, 9:54 AM
    • 4,570 Posts
    • 31,959 Thanks
    HairyHandofDartmoor
    When I saw in the paper what they had to do to get out, I think I'd have stayed in the cave! I can't swim & the idea of swimming underwater for a kilometre fills me with horror. To get the youths out with no-one panicking is a wonderful achievement. I also hope they all are rescued.
    Originally posted by elizabethhull
    They are all very brave. Fingers crossed for today's rescue effort.
    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 10th Jul 18, 1:16 PM
    • 4,570 Posts
    • 31,959 Thanks
    HairyHandofDartmoor
    Brilliant news that all the boys trapped in the cave in Thailand and their coach have been rescued. That has really made my day .
    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
    • jwil
    • By jwil 10th Jul 18, 2:37 PM
    • 8,682 Posts
    • 26,896 Thanks
    jwil
    Oh I hadn't seen that they were all out now, last I heard there were still two to go. What great news!
    "If you can dream it, you can do it". Walt Disney
    • beanielou
    • By beanielou 10th Jul 18, 3:36 PM
    • 55,463 Posts
    • 222,578 Thanks
    beanielou
    Brilliant news that all the boys trapped in the cave in Thailand and their coach have been rescued. That has really made my day .
    Originally posted by HairyHandofDartmoor
    Fantastic news indeed
    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.
    • please-let-me-be-lucky
    • By please-let-me-be-lucky 10th Jul 18, 4:21 PM
    • 8,900 Posts
    • 52,273 Thanks
    please-let-me-be-lucky
    Amazing news that all boys and the coach are out safely. Xx
    Debts @ LBM £23,729.31. Debts @ 08/04/2016 £0

    NSDs achieved in 2018 32/60
    Best win so far - holiday to Florida
    • Sun Addict
    • By Sun Addict 11th Jul 18, 9:02 PM
    • 5,912 Posts
    • 39,200 Thanks
    Sun Addict
    IT was truly a miracle, they are so lucky. We will await the film
    Virtual Sealed Pot 2018 £296.07
    Debt £2300
    Weight loss 1/6LBS
    Emergency Fund £4000/£10,000
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 11th Jul 18, 9:13 PM
    • 4,570 Posts
    • 31,959 Thanks
    HairyHandofDartmoor
    IT was truly a miracle, they are so lucky. We will await the film
    Originally posted by Sun Addict
    Yes they're bound to make one .
    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 11th Jul 18, 9:17 PM
    • 55,463 Posts
    • 222,578 Thanks
    beanielou
    There was amazing footage of a very small part of the rescue of one boy on FB earlier.
    So humbling.
    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 11th Jul 18, 9:22 PM
    • 4,570 Posts
    • 31,959 Thanks
    HairyHandofDartmoor
    Yesterday was so boring that I didn't bother to post as the only thing that happened apat from work was my morning park walk!

    Today was my weekly Mr T shop. I spent £94 which is over budget . I need to go through my receipt and work out what caused the overspend.

    I got a 50p bonus from PA and a 35p survey, well every little helps .

    Tonight we are the only people in England not watching football . My cousin is in the cinema and posted on FB that's he's practically the only person there .

    I'm going to have an early night because I've got volunteering tomorrow morning.

    I spent £8.95 buying a get well card and chocolates for my mum and posting them first class. She fell over in the night and hurt herself and is in a lot of pain so I want her to get them as soon as possible to cheer her up.

    I hope everyone is having a good Wednesday .
    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 11th Jul 18, 9:23 PM
    • 55,463 Posts
    • 222,578 Thanks
    beanielou
    Hope your mum is on the mend really soon
    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 11th Jul 18, 9:28 PM
    • 4,570 Posts
    • 31,959 Thanks
    HairyHandofDartmoor
    Thanks Beanie. She had an Xray and nothing is broken but she seems to have a couple of discs in her back looking odd, so they want her to have an MRI to investigate. They said it was caused by an old injury. That could explain her regular back pain. I hope they can do something.
    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
    • elizabethhull
    • By elizabethhull 11th Jul 18, 10:54 PM
    • 230 Posts
    • 1,384 Thanks
    elizabethhull
    Thanks Beanie. She had an Xray and nothing is broken but she seems to have a couple of discs in her back looking odd, so they want her to have an MRI to investigate. They said it was caused by an old injury. That could explain her regular back pain. I hope they can do something.
    Originally posted by HairyHandofDartmoor
    I hope they can do something too. I've been waiting for nerve ablation for over a year (basically burning nerves with a laser) !

    I am disconsolate - my hero Roger Federer lost !!!
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 12th Jul 18, 7:10 PM
    • 4,570 Posts
    • 31,959 Thanks
    HairyHandofDartmoor
    I hope they can do something too. I've been waiting for nerve ablation for over a year (basically burning nerves with a laser) !

    I am disconsolate - my hero Roger Federer lost !!!
    Originally posted by elizabethhull
    Ouch sounds painful . I hope you don't have to wait too much longed.

    Awww poor Roger
    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 12th Jul 18, 8:30 PM
    • 1,972 Posts
    • 12,086 Thanks
    Cumbria lass
    Poor mum, glad she is ok and nothing broken. I was also not watching football last night , but reading instead .

    How is DS2 getting on in Spain ?
    CC1 £3980 June 2018
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 12th Jul 18, 9:30 PM
    • 4,570 Posts
    • 31,959 Thanks
    HairyHandofDartmoor
    Poor mum, glad she is ok and nothing broken. I was also not watching football last night , but reading instead .

    How is DS2 getting on in Spain ?
    Originally posted by Cumbria lass
    Thanks Cumbria . DS2 seems to be okay but he's being a bit cagey this week, so we've no idea what he's been doing apart from learning spanish!
    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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