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    • HairyHandofDartmoor
    • By HairyHandofDartmoor 24th Sep 17, 1:22 PM
    • 4,119Posts
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    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.
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt in July 2017 = 58,766 DEBT FREE 31 OCTOBER 2017
    NEW GOALS - Build an Emergency Fund & Loss of Income Fund. Then save up for repairs to the house.
    Emergency Fund 1 = 560.59/Emergency Fund 2 = 0.21/Loss of Income Fund 0
Page 55
    • abba1772
    • By abba1772 6th Dec 17, 12:03 PM
    • 4,732 Posts
    • 16,232 Thanks
    abba1772
    Glad to hear ds is safely on his travels.......sounds like a fair trek xx
    NEXT TARGET HALIFAX CC WAS July 17 3572.57 NOW 983.26
    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 4152.74
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 6th Dec 17, 3:45 PM
    • 4,119 Posts
    • 28,030 Thanks
    HairyHandofDartmoor
    What a sound idea! You could probably find one of those accounts with delayed access for better interest as well, because the EF would be your initial buffer zone.

    Travel... nowadays I suppose a lot of it is just sitting there while the pilot does the work, but a bit of the image of vast distances on foot (Lord of the Rings style) or transatlantic voyages that took weeks or first man on the moon still lingers with us. And as parents we have that instinct that says we can't be with them instantly if they don't feel well or something - but as young adults they will use what they've learned from us already to solve any 'situations' themselves. Then in my experience they come back more knowledgeable than we are and in a good position to advise us!
    Originally posted by Cherryfudge
    I'll research one of those accounts Cherry.

    DS2 will be a more experienced traveller than me because I have never left Europe and have only been to France, Italy, Greece and Austria (all fabulous places).

    He must be learning so much and as long as he looks after himself will come back with more confidence and maturity. He should be on his way to New Jersey now . He's texting less frequently so is probably tired .
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt in July 2017 = 58,766 DEBT FREE 31 OCTOBER 2017
    NEW GOALS - Build an Emergency Fund & Loss of Income Fund. Then save up for repairs to the house.
    Emergency Fund 1 = 560.59/Emergency Fund 2 = 0.21/Loss of Income Fund 0
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 6th Dec 17, 3:51 PM
    • 4,119 Posts
    • 28,030 Thanks
    HairyHandofDartmoor
    Glad to hear ds is safely on his travels.......sounds like a fair trek xx
    Originally posted by abba1772
    It certainly is Abba. He really wanted to do this, so I'm glad he's able to fulfill his dream. I probably won't worry quite so much if he does it again .

    I managed to spend 102 in Mr T today . Way over my budget of 74 and I didn't even buy anything for Christmas .

    I bought Nescafe (which we didn't need yet) because it was 5 reduced from 7.49, and DH wanted razor blades (8 for 4 he'll have to grow a beard ) and Rennies (3.50).

    I don't know how it went so over budget . Still with DS2 away we should get through less food this week. I think we all need to eat less .
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt in July 2017 = 58,766 DEBT FREE 31 OCTOBER 2017
    NEW GOALS - Build an Emergency Fund & Loss of Income Fund. Then save up for repairs to the house.
    Emergency Fund 1 = 560.59/Emergency Fund 2 = 0.21/Loss of Income Fund 0
    • beanielou
    • By beanielou 6th Dec 17, 4:22 PM
    • 53,939 Posts
    • 213,708 Thanks
    beanielou
    Glad that DS is doing well so far.
    Take care
    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 6th Dec 17, 4:38 PM
    • 4,119 Posts
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    HairyHandofDartmoor
    Thanks beanie .
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt in July 2017 = 58,766 DEBT FREE 31 OCTOBER 2017
    NEW GOALS - Build an Emergency Fund & Loss of Income Fund. Then save up for repairs to the house.
    Emergency Fund 1 = 560.59/Emergency Fund 2 = 0.21/Loss of Income Fund 0
    • please-let-me-be-lucky
    • By please-let-me-be-lucky 6th Dec 17, 5:44 PM
    • 8,793 Posts
    • 51,393 Thanks
    please-let-me-be-lucky
    Glad to hear all is well thus far. Well done to both you and DS for being so brave Xx
    Debts @ LBM 23,729.31. Debts @ 08/04/2016 0

    NSDs achieved in 2018 26/60
    Best win so far - holiday to Florida
    • jwil
    • By jwil 6th Dec 17, 6:10 PM
    • 8,504 Posts
    • 26,015 Thanks
    jwil
    Hope the rest of DS's travels go smoothly xx
    "If you can dream it, you can do it". Walt Disney
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 6th Dec 17, 6:40 PM
    • 4,119 Posts
    • 28,030 Thanks
    HairyHandofDartmoor
    Thanks Lucky and jwil, fingers crossed.
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt in July 2017 = 58,766 DEBT FREE 31 OCTOBER 2017
    NEW GOALS - Build an Emergency Fund & Loss of Income Fund. Then save up for repairs to the house.
    Emergency Fund 1 = 560.59/Emergency Fund 2 = 0.21/Loss of Income Fund 0
    • Cumbria lass
    • By Cumbria lass 6th Dec 17, 8:02 PM
    • 1,788 Posts
    • 10,767 Thanks
    Cumbria lass
    So happy DS is off on his journey safely. He will be home before you can blink , with all his dirty washing.

    Hope you sleep well and when you wake up he will be there on a very exciting adventure.
    CC1 3655 April 2018.
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 6th Dec 17, 8:46 PM
    • 4,119 Posts
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    HairyHandofDartmoor
    I forgot about the dirty washing Cumbria .

    His plane is a bit late but he should land at his second stopover fairly soon. Then he'll arrive at New Orleans early tomorrow morning. I'll probably wake up and check my phone in the middle of the night .
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt in July 2017 = 58,766 DEBT FREE 31 OCTOBER 2017
    NEW GOALS - Build an Emergency Fund & Loss of Income Fund. Then save up for repairs to the house.
    Emergency Fund 1 = 560.59/Emergency Fund 2 = 0.21/Loss of Income Fund 0
    • Cumbria lass
    • By Cumbria lass 6th Dec 17, 8:50 PM
    • 1,788 Posts
    • 10,767 Thanks
    Cumbria lass
    You can track flights as well , so if you wake up in the night you can see where his flight is. I use it when my kids go anywhere , then I know they have arrived and am happy with that. Getting a text is a bonus .
    CC1 3655 April 2018.
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 6th Dec 17, 8:52 PM
    • 4,119 Posts
    • 28,030 Thanks
    HairyHandofDartmoor
    Yes DH is tracking the flight now so we know it left late. I hope he texts anyway, he did when he arrived at Dublin .
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt in July 2017 = 58,766 DEBT FREE 31 OCTOBER 2017
    NEW GOALS - Build an Emergency Fund & Loss of Income Fund. Then save up for repairs to the house.
    Emergency Fund 1 = 560.59/Emergency Fund 2 = 0.21/Loss of Income Fund 0
    • Cumbria lass
    • By Cumbria lass 6th Dec 17, 8:56 PM
    • 1,788 Posts
    • 10,767 Thanks
    Cumbria lass
    Glad I am not the only one who does this lol .
    CC1 3655 April 2018.
    • Sun Addict
    • By Sun Addict 6th Dec 17, 8:58 PM
    • 5,722 Posts
    • 37,407 Thanks
    Sun Addict
    Glad he's safely on his way I used to be the same when my two went on holiday - I always made them text me on arrival. Now I have to do the same with them when I arrive

    Re the Mr T overspend, perhaps it will last a couple of weeks?
    Virtual Sealed Pot 2018 250.33
    Debt 2500
    May NSDs AFDs
    Weight loss 7/10LBS
    Emergency Fund 2000/10,000
    • 117pauline
    • By 117pauline 6th Dec 17, 9:14 PM
    • 649 Posts
    • 7,230 Thanks
    117pauline
    I would love to be on a plane now!

    It's so easy to overspend at the supermarket, isn't it? For some reason I craved homemade coleslaw, salad and jacket potato. I normally crave the naughty stuff so I decided to give in to the cravings and apart from some fizzy water, I stuck to the list. I went to Audi which is unusual for me. I don't understand why but I just don't like the shop. Not the brand, just the one nearest me. At least this curtailed what I bought because I just wanted to get out of the shop.

    Take care
    Pauline
    Don't get it perfect - Get it going
    Better Than Before
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 6th Dec 17, 10:36 PM
    • 4,119 Posts
    • 28,030 Thanks
    HairyHandofDartmoor
    DS2 is in America now on his second stopover! It feels strange that he is so far away .

    I'm not sure how long my supermarket shop will last. DH's blades cost 8 which didn't help . Hopefully next week's shop will be cheaper. I didn't buy any luxuries particularly, but we'd run out of things like dishwasher tabs and toiletries which don't get used every week.
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt in July 2017 = 58,766 DEBT FREE 31 OCTOBER 2017
    NEW GOALS - Build an Emergency Fund & Loss of Income Fund. Then save up for repairs to the house.
    Emergency Fund 1 = 560.59/Emergency Fund 2 = 0.21/Loss of Income Fund 0
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 7th Dec 17, 5:51 AM
    • 4,119 Posts
    • 28,030 Thanks
    HairyHandofDartmoor
    DS2's plane has landed in New Orleans but no word from him yet .

    Perhaps he's going through long seciurity checks (fingerprints, photo, questions?). Hopefully he hasn't lost anything (suitcase, passport, wallet, phone?)

    Or he could be in a taxi queue and forgotten to text us. Sigh .
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt in July 2017 = 58,766 DEBT FREE 31 OCTOBER 2017
    NEW GOALS - Build an Emergency Fund & Loss of Income Fund. Then save up for repairs to the house.
    Emergency Fund 1 = 560.59/Emergency Fund 2 = 0.21/Loss of Income Fund 0
    • Eager_Elephant
    • By Eager_Elephant 7th Dec 17, 5:52 AM
    • 4,352 Posts
    • 24,672 Thanks
    Eager_Elephant
    DS2 is in America now on his second stopover! It feels strange that he is so far away .

    I'm not sure how long my supermarket shop will last. DH's blades cost 8 which didn't help . Hopefully next week's shop will be cheaper. I didn't buy any luxuries particularly, but we'd run out of things like dishwasher tabs and toiletries which don't get used every week.
    Originally posted by HairyHandofDartmoor
    Hope DS2 enjoys his holiday.

    The blades for my DD's razor are 10 for 4 but what I noticed is that often supermarkets do offers where you get the blade handle and 3 heads for 4 - not great for the environment but great for my pocket.
    I think they rely on people just looking for the blades and buying them and not noticing you can have the whole razor plus extra blades for loads less.
    Ninja Saving Turtle No. 34 for April
    NSD - 0/15
    (up to 2/4/18)
    My Diary is here - http://forums.moneysavingexpert.com/showthread.php?t=2175629 (Eager Elephants Effective Everyday Excursion)
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 7th Dec 17, 6:06 AM
    • 4,119 Posts
    • 28,030 Thanks
    HairyHandofDartmoor
    Yes I must remember to check if buying a new razor would be cheaper than just blades. I've noticed you can get 4 blades from an Amazon seller for 6.19 inc postage, so that would be considerably cheaper.

    DS2 has arrived at his hotel . We just had a long and verbose message from him "At hotel now."

    He's done so well for someone who has never travelled before; a coach, train, three planes and a taxi! I'm very proud of him .

    He must be exhausted as he left home nearly 48 hours ago, so I'm guessing he'll want to sleep now.
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt in July 2017 = 58,766 DEBT FREE 31 OCTOBER 2017
    NEW GOALS - Build an Emergency Fund & Loss of Income Fund. Then save up for repairs to the house.
    Emergency Fund 1 = 560.59/Emergency Fund 2 = 0.21/Loss of Income Fund 0
    • Cumbria lass
    • By Cumbria lass 7th Dec 17, 6:18 AM
    • 1,788 Posts
    • 10,767 Thanks
    Cumbria lass
    Yippee to DS getting there . Have a less stressful day .
    CC1 3655 April 2018.
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