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  • FIRST POST
    • Purplebonnie
    • By Purplebonnie 29th Sep 17, 8:06 AM
    • 89Posts
    • 598Thanks
    Purplebonnie
    I Just Want To Retire Debt Free
    • #1
    • 29th Sep 17, 8:06 AM
    I Just Want To Retire Debt Free 29th Sep 17 at 8:06 AM
    Four years ago I already had a fair few debts, but had a well paid job so it wasn't such an issue. Stress and bad management caused me to give up the job and I have spent the last four years in part time jobs, robbing Peter to pay Paul and adding to my debts, a situation which was basically unsustainable. I loved working part time and all I really want to do is retire, but that is impossible with all my debts.
    Last month I was offered a fabulous new job on a great salary, which I have taken with the sole intention of paying off all my debts as quickly as possible. At the beginning of the month I collected together all the debts on a snowball app and came up with a total figure of £37,188.89 and a DFD of 01/05/22. I came up with a basic budget including food, petrol, presents etc. I have a 100 square grid and with each square representing £37.19 (0.1% of my total debt) which I will colour in every time I pay an extra 0.1% of my debts. A full grid is 10% of my total debts. Today was my first 'proper' pay day I have paid rounded up minimum payments to everyone. I have also paid an extra 0.1% total debt to the first credit card that I am going to concentrate on (the most expensive). To my amazement I have paid off over £1000 and my DFD dropped by a month. That felt sooooo good!
    Well, that is my introduction and background. Now I am going to revisit my budget, look at where I can cut back or reduce outgoings and get ready for a frugal time ahead. I CAN do this!

    September 2017 Total Debt £37188.89 / DFD 01/05/22
    October 2017 Debt £36149.48 / DFD 01/04/22
    0.1% = £37.19 Total paid 0.3%
    MBNA - £5350.73
    Last edited by Purplebonnie; 02-10-2017 at 10:23 AM. Reason: Include signature
Page 3
    • Purplebonnie
    • By Purplebonnie 3rd Oct 17, 9:18 AM
    • 89 Posts
    • 598 Thanks
    Purplebonnie
    My parents are the same and then spend all their time on holidays or eating out! Seriously, I would rather they enjoyed it rather than thinking about inheritance for me (and for many more years).
    Thank you for popping by
    September 2017 Total Debt £37188.89 / DFD 01/05/22
    October 2017 Debt £36149.48 / DFD 01/04/22
    Extra Payments : 0.1% = £37.19 Total paid 0.3%
    MBNA - £5350.73

    October Food Budget : £200/£114.94 Extra Income £100 /£81.06
    SFD : 8/31 Weight Loss (Goal 8lbs) :
    • Skye17
    • By Skye17 3rd Oct 17, 5:18 PM
    • 23 Posts
    • 92 Thanks
    Skye17
    Hi Purplebonnie,
    Thank you for stopping by my diary. You are doing amazingly well. Will be following you journey with intrest.
    Skye, x
    • Purplebonnie
    • By Purplebonnie 3rd Oct 17, 9:25 PM
    • 89 Posts
    • 598 Thanks
    Purplebonnie
    I have been having a look at other people’s diaries and thinking about what could work for me. For example, I cannot change my Electricity supplier but the good thing is I don’t have to pay a standing charge, we literally pay for what we use (and it’s a good rate), therefore if I want to pay less, I use less, simple! I turn things off, no stand by, I think about everything before I plug in, I try to have manual rather than electric gadgets e.g. whisk (my Nan’s), coffee grinder (I use it for spices that I buy in bulk). My electrical appliances are fairly new and were the most economical and environmentally friendly in the market at the time of purchase. I work from home most of the time so don’t need to take lunches, but I do need to think about when I go off for meetings – do I need a snack if the meeting goes on longer? Do I need a flask of coffee? I must admit I have been guilty of popping in somewhere for a quick coffee and cake – not good for my pocket or waist. But I am making a list of things that I should be thinking about :

    Use up my huge store of toiletries – I buy essentials each week whether I need them or not, hence the store. I have enough face cream (posh stuff too) to see me through to Christmas 2018.
    Use half the amount of washing powder and dishwasher tablets and forget fabric conditioner.
    Don’t waste food, think about how to use leftovers creatively or freeze.
    Use Aldi and Lidl more – go once a week with a list rather than shop on a daily basis in the nearest supermarket.
    Buy second hand where possible for items I need (not think I need)
    Write down ALL spending
    Make more use of the allotment for cheap, organic veg and exercise. I only pay £17.50 a year for the allotment and am now making all my own compost, so it is definitely cheaper to grow my own.
    Forage more, wild blackberries are more nutritious than expensive, shop bought blueberries! (I do have a big bag of blackberries in the freezer)

    There is obviously going to be a lot more to add to my list, this is just the start of my frugal living. Can anyone add anything else or give me some tips please? I am so enthusiastic at the moment that I am thinking about every way I can save money so always willing to learn.

    I had leftover stir fry for lunch, just as good today as yesterday.
    Tonight we had Roasted Squash and Sage Risotto and it was delicious. Both the Squash and the Sage came from the allotment. There is a lovely satisfaction from eating food you have grown, I feel a domestic goddess glow!

    £1.06 Interest on Bank Account (put into Emergency Fund Account – every little helps)

    NSD (yay!)

    Running Totals :
    Extra Money : £41.66
    Money Saved : £273.50 (not including non eBay spending) (forgot to include money saved on internet change yesterday)
    September 2017 Total Debt £37188.89 / DFD 01/05/22
    October 2017 Debt £36149.48 / DFD 01/04/22
    Extra Payments : 0.1% = £37.19 Total paid 0.3%
    MBNA - £5350.73

    October Food Budget : £200/£114.94 Extra Income £100 /£81.06
    SFD : 8/31 Weight Loss (Goal 8lbs) :
    • Seasidegal58
    • By Seasidegal58 3rd Oct 17, 11:56 PM
    • 2,002 Posts
    • 12,274 Thanks
    Seasidegal58
    Happy new diary and good luck on your journey - have subscribed! I'm hopefully working for the next three and a half years till my State Pension kicks in.

    Re: decluttering - I downsized when I moved a few years ago and had to get rid of quite a lot of "stuff" because I didn't have the space. And I don't miss it at all! . Am very happy now in my minimalistic flat!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 23/06/2018: £665.09
    MONTHS TO RETIREMENT: 35!
    My diary: “Paid off the £31,0000! BUT- still scrimping!”
    • Purplebonnie
    • By Purplebonnie 4th Oct 17, 6:40 AM
    • 89 Posts
    • 598 Thanks
    Purplebonnie
    Hi Seasidegal58 Nice to meet you. I am struggling with the decluttering but getting there slowly. I feel happier if I give it to charity and then I know it's not 'wasted', I also have a big pile for a boot sale next week. Hopefully the extra cash will help me not miss it!
    September 2017 Total Debt £37188.89 / DFD 01/05/22
    October 2017 Debt £36149.48 / DFD 01/04/22
    Extra Payments : 0.1% = £37.19 Total paid 0.3%
    MBNA - £5350.73

    October Food Budget : £200/£114.94 Extra Income £100 /£81.06
    SFD : 8/31 Weight Loss (Goal 8lbs) :
    • Purplebonnie
    • By Purplebonnie 5th Oct 17, 6:07 AM
    • 89 Posts
    • 598 Thanks
    Purplebonnie
    Not a lot to report today, but I have had some minor achievements for me. I was out on working today and managed to stay out of Costa Coffee (I nipped into Tesco to use the loo and straight out again). I did spend £30.88 in Home Bargains, but I went with a list and stuck to it.

    Took a veggie sausage roll & a pear for lunch.
    Leftover Risotto for dinner

    Running Totals :
    Extra Money : £41.66
    September 2017 Total Debt £37188.89 / DFD 01/05/22
    October 2017 Debt £36149.48 / DFD 01/04/22
    Extra Payments : 0.1% = £37.19 Total paid 0.3%
    MBNA - £5350.73

    October Food Budget : £200/£114.94 Extra Income £100 /£81.06
    SFD : 8/31 Weight Loss (Goal 8lbs) :
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 5th Oct 17, 7:56 AM
    • 4,426 Posts
    • 30,731 Thanks
    HairyHandofDartmoor
    Well done for not having coffee in Tesco, Costa is my nemesis but I only succumb once a week Your squash and sage risotto sounds gorgeous.
    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
    • Purplebonnie
    • By Purplebonnie 5th Oct 17, 7:31 PM
    • 89 Posts
    • 598 Thanks
    Purplebonnie
    My Hubby loves pie, mash & liquor but thankfully we live quite a way from the nearest shop, but today he knew I was working near a pie & mash shop and that got him craving some. I went through freezer and found a veggie pie for me and one meat pie for him from a previous visit. I also persuaded him to make some mash ready for when I got home. So I went from buying 2 x meat pies, 1 veggie pie, mash and liquor to just buying 1 meat pie (yes, he has two!) and the liquor. Except !!!8211; when I got to the pie and mash shop, I couldn!!!8217;t park and ended up not buying anything. When I got home hubby had made some liquor using parsley from the allotment and therefore it cost me nothing. Result !!!61514; As an aside, do my fellow vegans know that veggie pie, mash & liquor from a pie & mash shop is accidentally vegan !!!61514;

    A good day

    Running Totals :
    Extra Money : £41.66
    September 2017 Total Debt £37188.89 / DFD 01/05/22
    October 2017 Debt £36149.48 / DFD 01/04/22
    Extra Payments : 0.1% = £37.19 Total paid 0.3%
    MBNA - £5350.73

    October Food Budget : £200/£114.94 Extra Income £100 /£81.06
    SFD : 8/31 Weight Loss (Goal 8lbs) :
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 5th Oct 17, 7:55 PM
    • 4,426 Posts
    • 30,731 Thanks
    HairyHandofDartmoor
    Very money saving Bonnie
    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 5th Oct 17, 8:57 PM
    • 2,002 Posts
    • 12,274 Thanks
    Seasidegal58
    Yum - pie, mash and liquor - food from the gods.......
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 23/06/2018: £665.09
    MONTHS TO RETIREMENT: 35!
    My diary: “Paid off the £31,0000! BUT- still scrimping!”
    • Purplebonnie
    • By Purplebonnie 7th Oct 17, 5:57 AM
    • 89 Posts
    • 598 Thanks
    Purplebonnie
    Didn!!!8217;t spent any money yesterday which was great. Earned an extra £25.00 on a little private job.
    Had a meal out of freezer for dinner. Getting quite good at this no spending lark. Although I did some browsing at the Vauxhall garage for a new car
    September 2017 Total Debt £37188.89 / DFD 01/05/22
    October 2017 Debt £36149.48 / DFD 01/04/22
    Extra Payments : 0.1% = £37.19 Total paid 0.3%
    MBNA - £5350.73

    October Food Budget : £200/£114.94 Extra Income £100 /£81.06
    SFD : 8/31 Weight Loss (Goal 8lbs) :
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 7th Oct 17, 8:37 PM
    • 4,426 Posts
    • 30,731 Thanks
    HairyHandofDartmoor
    You're doing really well Bonnie, but don't go buying any cars
    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
    • Purplebonnie
    • By Purplebonnie 8th Oct 17, 7:53 AM
    • 89 Posts
    • 598 Thanks
    Purplebonnie
    Another NSD yesterday, feeling very pleased with myself!

    I really fancied something sweet, so I made rock cakes. However, I swapped the egg for applesauce and didn't think about the extra liquid that would create. Consequently they spread across the baking sheet so I ended up with rock cake cookies, but they still tasted great.
    Spent the day pottering around, cleaning, clearing etc so got quite a lot done but at a leisurely pace. Today I am going to play with my grandchildren
    September 2017 Total Debt £37188.89 / DFD 01/05/22
    October 2017 Debt £36149.48 / DFD 01/04/22
    Extra Payments : 0.1% = £37.19 Total paid 0.3%
    MBNA - £5350.73

    October Food Budget : £200/£114.94 Extra Income £100 /£81.06
    SFD : 8/31 Weight Loss (Goal 8lbs) :
    • Purplemumof2
    • By Purplemumof2 8th Oct 17, 8:20 AM
    • 6,153 Posts
    • 22,636 Thanks
    Purplemumof2
    Morning,

    The rock cookies sound nice

    Have fun with the grandchildren xx
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £6200.00 Cap 1: £395.80 BC: £6841.81
    AFD xxx LTW 6/16
    POAMAYC 2018 #041 PD £6288.87/£7000
    Savings for Christmas £191.84/£365
    20p Savers 2018 £2 Savers 2018 50p Savers 2018 SPC 11 2018 #003
    • threepenny bit
    • By threepenny bit 8th Oct 17, 8:04 PM
    • 214 Posts
    • 1,778 Thanks
    threepenny bit
    Sounds like a perfect day
    1st challenge to pay CC (JV1) 0/$2100 updated
    Christmas 2018 challenge 50/600
    Work on selling items and decluttering
    • Cumbria lass
    • By Cumbria lass 8th Oct 17, 9:05 PM
    • 1,910 Posts
    • 11,620 Thanks
    Cumbria lass
    Hope you had a lovely day with your grandchildren. I love being a grandma , would happily retire and have them all the time.
    CC1 £3475 May 2018
    • Purplebonnie
    • By Purplebonnie 9th Oct 17, 7:30 AM
    • 89 Posts
    • 598 Thanks
    Purplebonnie
    I went up to the allotment early yesterday morning, suits me because then I don’t have to spend time with pleasant chit chat! I picked runner beans (now sliced and frozen), a courgette, carrots and grapes. I cleared and covered some of my raised beds at the allotment, putting them to bed for winter. I will plant some garlic next week and I already have purple sprouting broccoli, white sprouting broccoli, kale, leeks and spring cabbage happily growing for harvesting next year.
    I found a bag of cauliflower in the freezer, goodness knows how long it’s been there, anyway I roasted it with a homegrown Squash and some homegrown garlic, sage & onions then blitzed it with some veg stock into a beautiful soup for lunch.
    Hubby made a lovely vegetable stew with lentils, pearl Barley and an amazing dumpling on top, winter is definitely on its way.
    Another NSD
    September 2017 Total Debt £37188.89 / DFD 01/05/22
    October 2017 Debt £36149.48 / DFD 01/04/22
    Extra Payments : 0.1% = £37.19 Total paid 0.3%
    MBNA - £5350.73

    October Food Budget : £200/£114.94 Extra Income £100 /£81.06
    SFD : 8/31 Weight Loss (Goal 8lbs) :
    • Purplebonnie
    • By Purplebonnie 9th Oct 17, 7:32 AM
    • 89 Posts
    • 598 Thanks
    Purplebonnie
    CumbriaLass - grandchildren really are a joy aren't they x
    September 2017 Total Debt £37188.89 / DFD 01/05/22
    October 2017 Debt £36149.48 / DFD 01/04/22
    Extra Payments : 0.1% = £37.19 Total paid 0.3%
    MBNA - £5350.73

    October Food Budget : £200/£114.94 Extra Income £100 /£81.06
    SFD : 8/31 Weight Loss (Goal 8lbs) :
    • Purplebonnie
    • By Purplebonnie 9th Oct 17, 7:33 AM
    • 89 Posts
    • 598 Thanks
    Purplebonnie
    Threepenny Bit (I love your username) It's lovely to potter and relax x
    September 2017 Total Debt £37188.89 / DFD 01/05/22
    October 2017 Debt £36149.48 / DFD 01/04/22
    Extra Payments : 0.1% = £37.19 Total paid 0.3%
    MBNA - £5350.73

    October Food Budget : £200/£114.94 Extra Income £100 /£81.06
    SFD : 8/31 Weight Loss (Goal 8lbs) :
    • Purplebonnie
    • By Purplebonnie 9th Oct 17, 7:34 AM
    • 89 Posts
    • 598 Thanks
    Purplebonnie
    Thank you Purplemumoftwo, have a good day x
    September 2017 Total Debt £37188.89 / DFD 01/05/22
    October 2017 Debt £36149.48 / DFD 01/04/22
    Extra Payments : 0.1% = £37.19 Total paid 0.3%
    MBNA - £5350.73

    October Food Budget : £200/£114.94 Extra Income £100 /£81.06
    SFD : 8/31 Weight Loss (Goal 8lbs) :
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