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    • HairyHandofDartmoor
    • By HairyHandofDartmoor 24th Sep 17, 1:22 PM
    • 4,426Posts
    • 30,699Thanks
    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 74
    • 117pauline
    • By 117pauline 4th Jan 18, 8:37 PM
    • 653 Posts
    • 7,282 Thanks
    117pauline
    It's the January lull. There's nothing much to look forward to.

    One of my ways of saving for Christmas is to actually buy store cupboard staples in the run up to the holidays. I am hopeless at avoiding temptation for scrumptious treats but funnily enough, toilet rolls and tea bags aren't so attractive. So I buy stuff needed for January.

    Keep shredding, take care
    Pauline
    Don't get it perfect - Get it going
    Better Than Before
    • mummytogirls
    • By mummytogirls 4th Jan 18, 9:00 PM
    • 6,183 Posts
    • 22,713 Thanks
    mummytogirls
    Hopefully you will feel less flat once you get back into the swing of things HHOD. I can't adjust to how dark the mornings are!!!

    Hows the healthy eating going? xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £5419.83 - 08/04/18 - 76.61% paid off
    • abba1772
    • By abba1772 4th Jan 18, 9:58 PM
    • 4,806 Posts
    • 16,722 Thanks
    abba1772
    Go mr hairy long may it continue 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 £4430.14
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 4th Jan 18, 10:02 PM
    • 4,426 Posts
    • 30,699 Thanks
    HairyHandofDartmoor
    Getting back into your routine will soon get rid of your post Christmas blues! Productive day for you though .
    Originally posted by Cumbria lass
    It's the January lull. There's nothing much to look forward to.

    One of my ways of saving for Christmas is to actually buy store cupboard staples in the run up to the holidays. I am hopeless at avoiding temptation for scrumptious treats but funnily enough, toilet rolls and tea bags aren't so attractive. So I buy stuff needed for January.

    Keep shredding, take care
    Pauline
    Originally posted by 117pauline
    Hopefully you will feel less flat once you get back into the swing of things HHOD. I can't adjust to how dark the mornings are!!!

    Hows the healthy eating going? xx
    Originally posted by mummytogirls
    I expect you're right, I'll get used to my routine and then feel better. An early night will probably help.

    My healthy eating is going well today with no bad foods consumed, so I just need to keep that up for twelve weeks and hopefully I can lose 12 pounds .
    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 Jan 18, 10:05 PM
    • 4,426 Posts
    • 30,699 Thanks
    HairyHandofDartmoor
    Go mr hairy long may it continue xx
    Originally posted by abba1772
    DH is really on a roll Abba, I hope he keeps it up .
    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
    • Seasidegal58
    • By Seasidegal58 4th Jan 18, 10:30 PM
    • 1,978 Posts
    • 12,242 Thanks
    Seasidegal58
    I think the weather’s not helping shake off the post-Christmas blues. It’s teeming again outside here!

    Still I hope you luxuriate in your lampshade! Nice to have new things for the house.
    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 Jan 18, 10:38 PM
    • 4,426 Posts
    • 30,699 Thanks
    HairyHandofDartmoor
    It was actually quite bright here part of today SSG but chucking it down again by early evening.

    I think I'm a bit worried about bringing in work and earning enough money. January is always a quiet month for us workwise, so we need to spend less money and focus on marketing. Back to reality after the fun of Christmas .

    I'm also conscious that DS2 may want to go back to America soon, but I'm trying not to think about that .

    I think I need something to look forward to, so DH and I should get on and join the National Trust with our Christmas money as planned. Then we could plan a few days out at the weekends to look forward to.
    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 Jan 18, 10:39 PM
    • 4,426 Posts
    • 30,699 Thanks
    HairyHandofDartmoor
    I am very pleased with our £3 lampshade though .
    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 5th Jan 18, 8:27 AM
    • 4,426 Posts
    • 30,699 Thanks
    HairyHandofDartmoor
    Happy friday everyone .

    DS3 hasn't got up yet, he's going to be late for college if he doesn't get a move on .

    Today's plans are carry on the great office de-clutter and plan our work goals for next week. This will include marketing objectives, improvements needed to our website and the general direction to take the business in during 2018.

    I will also look out for surveys. It won't be NSD because DH is going to our friend's house tonight with DS3 to get his Citizencard application signed. DS3 can't get his wages until he's shown the restaurant photo id . So we will buy our friend a box of chocs as a thank you.

    Apart from that it should be a NSD (hopefully) and it will be another AFD. I haven't drunk any alcohol in 2018 yet .

    Have a great Friday everyone .
    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
    • please-let-me-be-lucky
    • By please-let-me-be-lucky 5th Jan 18, 9:17 AM
    • 8,835 Posts
    • 51,774 Thanks
    please-let-me-be-lucky
    National Trust now do monthly payment membership too if that helps Xx
    Debts @ LBM £23,729.31. Debts @ 08/04/2016 £0

    NSDs achieved in 2018 30/60
    Best win so far - holiday to Florida
    • mummytogirls
    • By mummytogirls 5th Jan 18, 4:06 PM
    • 6,183 Posts
    • 22,713 Thanks
    mummytogirls
    Happy Friday HHOD.

    So glad your eating is going well. Do you drink plenty too as this helps?

    Re the marketing for your business, I'm sure you probably know all this but just incase and plus it might not be right for your business!
    I do the marketing for the school I work at and I use all the social media which is obviously free. Is there any local selling/location groups of Facebook which you can advertise in.
    Round here we have a local magazine which drops through the door monthly with ads and local stories in. If you had something similar maybe you could advertise in there, this would be paid for though.
    I have made good relations with the shops etc in the village and they allow us to put up posters etc. Hope this helps, if not il shut up now!!!

    xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £5419.83 - 08/04/18 - 76.61% paid off
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 5th Jan 18, 6:13 PM
    • 4,426 Posts
    • 30,699 Thanks
    HairyHandofDartmoor
    National Trust now do monthly payment membership too if that helps Xx
    Originally posted by please-let-me-be-lucky
    Thanks Lucky .

    It would be safer to pay upfront while we have the money as our income can be up and down, so monthly payments can be tricky some months. I wish we had a regular income as it would be much easier to budget .
    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 5th Jan 18, 6:17 PM
    • 4,426 Posts
    • 30,699 Thanks
    HairyHandofDartmoor
    Happy Friday HHOD.

    So glad your eating is going well. Do you drink plenty too as this helps?

    Re the marketing for your business, I'm sure you probably know all this but just incase and plus it might not be right for your business!
    I do the marketing for the school I work at and I use all the social media which is obviously free. Is there any local selling/location groups of Facebook which you can advertise in.
    Round here we have a local magazine which drops through the door monthly with ads and local stories in. If you had something similar maybe you could advertise in there, this would be paid for though.
    I have made good relations with the shops etc in the village and they allow us to put up posters etc. Hope this helps, if not il shut up now!!!

    xx
    Originally posted by mummytogirls
    I don't like water much but try to drink a glass with meals, but I mainly drink tea at home .

    We do market via social media and are going to try sponsored Facebook and Twitter ads as an experiment. We also get business through business networking and blog posts etc. Hard work but can be effective.

    Your job sounds interesting MTG .
    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 5th Jan 18, 6:33 PM
    • 55,020 Posts
    • 219,796 Thanks
    beanielou
    I did the paid for advertising on FB for a charity that I am involved in & thought it was not cost effective for us.
    Every buisiness/charity is different though.
    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.
    • Nicnak
    • By Nicnak 5th Jan 18, 6:47 PM
    • 923 Posts
    • 5,165 Thanks
    Nicnak
    We joined the national trust and it meant a lot of free days out. It can be cost effective in so many ways, of you use it. x
    September 6th 2017 - Updated 13th May 2018
    Credit Card £0 now: £0 Tesco Loan £7500 = £0 Consolidation £15,000 = £13,855 Total = £25,330 £13,855 43% gone EMF #252 = £700/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #71
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 5th Jan 18, 8:11 PM
    • 4,426 Posts
    • 30,699 Thanks
    HairyHandofDartmoor
    I did the paid for advertising on FB for a charity that I am involved in & thought it was not cost effective for us.
    Every buisiness/charity is different though.
    Originally posted by beanielou
    That's interesting beanie. We thought we'd try it with a limited budget and then monitor how effective it is.

    We joined the national trust and it meant a lot of free days out. It can be cost effective in so many ways, of you use it. x
    Originally posted by Nicnak
    That's what we were thinking Nicnak, free days out for a whole year and it would get us out of the house more especially DH who is quite sedentary and needs more exercise. I'm looking forward to it as I hate being stuck in the house all the time .
    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 5th Jan 18, 8:15 PM
    • 4,426 Posts
    • 30,699 Thanks
    HairyHandofDartmoor
    Another day of de-cluttering and the office is looking so much better. We emptied a whole drawer of the filing cabinet and now we have room to file the stuff that's been piled up on the desks . We also did a bit of planning.

    I did a YG survey and a 40p PA survey. It was a NSD apart from £5 for the chocolates for our friend.

    DS1 and DS3 are getting their forms signed now and I'm cooking dinner. Must check it's not burning .
    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
    • Sun Addict
    • By Sun Addict 5th Jan 18, 8:23 PM
    • 5,836 Posts
    • 38,574 Thanks
    Sun Addict
    I've been feeling a bit flat too HH Not been as good as you with the AFDs as caved in last night. I remember only too well the "joys" of not knowing what income you've got coming in from when Mr SA was self employed, it's a real pain.
    Virtual Sealed Pot 2018 £296.07
    Debt £2400
    June 4 NSDs 4 AFDs
    Weight loss 0.5/6LBS
    Emergency Fund £2000/£10,000
    • Seasidegal58
    • By Seasidegal58 5th Jan 18, 8:36 PM
    • 1,978 Posts
    • 12,242 Thanks
    Seasidegal58
    I am very pleased with our £3 lampshade though .
    Originally posted by HairyHandofDartmoor
    Hee hee!

    Happy friday everyone .

    DS3 hasn't got up yet, he's going to be late for college if he doesn't get a move on .

    Today's plans are carry on the great office de-clutter and plan our work goals for next week. This will include marketing objectives, improvements needed to our website and the general direction to take the business in during 2018.

    I will also look out for surveys. It won't be NSD because DH is going to our friend's house tonight with DS3 to get his Citizencard application signed. DS3 can't get his wages until he's shown the restaurant photo id . So we will buy our friend a box of chocs as a thank you.

    Apart from that it should be a NSD (hopefully) and it will be another AFD. I haven't drunk any alcohol in 2018 yet .

    Have a great Friday everyone .
    Originally posted by HairyHandofDartmoor
    Your de-cluttering on the office is going gangbusters Hairy! . And well done on the alcohol as well - it’s still five whole days!
    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!”
    • Cumbria lass
    • By Cumbria lass 5th Jan 18, 8:38 PM
    • 1,897 Posts
    • 11,572 Thanks
    Cumbria lass
    Not again HHOD burning the tea ! Glad your office is getting sorted , I love a neat workplace , I work better .
    CC1 £3475 May 2018
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