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  • FIRST POST
    • SnowBallBunny
    • By SnowBallBunny 25th Nov 17, 1:03 PM
    • 138Posts
    • 281Thanks
    SnowBallBunny
    Financial Freedom + Self Care
    • #1
    • 25th Nov 17, 1:03 PM
    Financial Freedom + Self Care 25th Nov 17 at 1:03 PM
    Hello everyone,

    I want to pay off my debt and move forward with my life. I am a young woman with no children and I am capable of addressing this, I can change things for the better now.

    I thought I'd seek support and encouragement here as this whole process can be so stressful. And although a lot of people are in debt, it is a taboo subject, no one talks about it. I will be logging my progress here at least once a week. I plan to complete Dave Ramseys Baby Steps 1 and 2 by the end of 2018.

    Baby Step 1 Save £1K Emergency Fund.
    Baby Step 2 Pay off debts smallest to largest.

    At the moment I am temping at a University as an Administrator until mid February 2016 - while looking for a permanent role or contract role (12 months+). I would like to be self employed as a Project Management Officer and retrained late last year in order to do this work. The market is slow at the moment, and I have been approached about roles but have not secured anything yet. I can make my company dormant for a year or two while I work at a permanent/contract role and pay off the debt.

    I am an Artist at heart but pursuing my creativity is part of the reason that I am in debt now so I'd like to earn more money and perhaps find time (either weekends or holidays) when I can do something creative just for myself. Once I have paid off the debt my mind will be clearer. I also considered starting a small side-business this year selling hair care products as I make them for myself but I just feel so stressed by this debt, it is hard to think about anything else.

    It is hard to not obsess about the debt and the stress has affected my sleep. I have slept 4 hours a night each night over the past two weeks. I bought some herbal sleeping pills and will do more to calm myself down and practice self-care:
    Aromatherapy - I already have oils have and know how to blend oils so this will not cost me anything.
    Meditation - Free and there is a Buddhist Centre near work that I can go to as well as a Chapel I can visit to relax and be still.
    Walks - I can walk at lunch time and part of the way home to begin with, 30 mins a day does not feel like much but it is a start.
    Swimming - I can swim for free on weekends within my local area.

    I find myself regretting so many decisions that I have made. I could have saved so much money while I lived at home and made better decisions. I worked so hard and did not save, instead I got into debt. I did not feel like I could tell anyone for ages or get any help and I have felt so stuck, defeated and alone.

    My sister is the only one who knows about the debt and I do not want to stress her out or to burden her with what I am feeling. I do not feel like I can tell any friends or other relatives. Also I have not seen my friends for ages and felt so isolated at my previous workplace that I really need to socialise - for free. I will be volunteering at a local homeless shelter today.

    In five years my aim is to work as a Business Analyst. I am studying for a Business Analysis qualification and will save up for the exam as soon as I can afford to. I have the textbook and reading it is free so I think that is the best thing for me to do right now, simply study at home.

    I am budgeting and watching every penny. As I am working as a temp, I am getting paid per hour and receive money weekly. So I have weekly and monthly budgets as my hours can vary slightly.

    Week One Summary
    Task: Use my Debit Card only.

    I have had to use CC 1 for travel and food over the past few weeks as I was waiting to get paid, through my Debit account. As I got paid yesterday I can now switch to my Debit Card and move forward using that one card. This will stabilise the debts on the other cards moving forward.

    Debts
    Credit Card 1 £6,000/£5,944.34
    Debit Card 2 £5,000/£4,899.63 (Using this account to pay bills so it will fluctuate)
    Credit Card 2 £1,200/£1,186.48
    Accountancy Bill £144 (Last Payment in December)
    Tax Bill £750 (Monthly instalments December 2017 !!!8211; May 2018 / £150 per month)
    Library fines £90
    Donation for a group art project I have decided not to do £15
    Total £13,029

    Week Two Goal
    Put £200 in Energy Fund - Unexpected expenses can arise so my aim is to set aside £200 for an Emergency Fund. I am temping so I want to set aside a 1 month Emergency Fund of £1K by January just incase something happens with this contract. Then I will move to Baby Step 2 and pay off the remaining debts from smallest to largest.

    Week Two Budget
    Earnings £458.28
    Bills Broadband £18.99
    Credit Card 1 Payment £150
    Travel £15
    Food £15
    Total: 259.29

    I am not going out, socialising or doing anything fun that is not free of charge. Hopefully I can go to a free art exhibition or something like that sometime soon. The stress I have been feeling has been so draining. The University has a free telephone counselling service, I called last week and spoke to someone lovely. I will try to call again more regularly. My minimum payments and bills are being met and now I will have some additional money to fund Baby Step 1.

    I do not drink alcohol or smoke so that is not an issue, as Dave says I am eating Rice and Beans, Beans and Rice until this is taken care of.

    Thanks for reading and all the best with your debt-free journeys.
    Last edited by SnowBallBunny; 04-03-2018 at 9:53 PM.
Page 8
    • MoneysavingmadGem
    • By MoneysavingmadGem 1st Mar 18, 9:18 PM
    • 55 Posts
    • 249 Thanks
    MoneysavingmadGem
    Well done, 2 debts done and gone!! Thats a couple more baby steps to being debt free.

    I like you live on my own, it is lonely, but having a young family move in would be a huge change!!!! Think carefully!

    To me id be weighing it up as money or my sanity as I struggle having kids around me.
    Crazy clothes 2018 #7 - £24.23/ £120, handmade or cs
    Pay all debt off xmas 2018 #066.(£909.95/ £10565.90)
    2018 frugal living #34 (£2500)
    1% a day #36 (9000)
    • SnowBallBunny
    • By SnowBallBunny 2nd Mar 18, 11:55 AM
    • 138 Posts
    • 281 Thanks
    SnowBallBunny
    Well done, 2 debts done and gone!! Thats a couple more baby steps to being debt free.

    I like you live on my own, it is lonely, but having a young family move in would be a huge change!!!! Think carefully!

    To me id be weighing it up as money or my sanity as I struggle having kids around me.
    Originally posted by MoneysavingmadGem
    Thanks Money. Yes two debts are paid off. I can now focus on the remaining debt.
    You make a good point about sharing with a young family, my cousin and sister both said something similar.

    I've decided to live alone for the immediate future. Things could change. I could find a friend who could move in or I could get a higher paying job.

    As I pay off the debts, I won't have minimum payments to take care of and that'll be additional money that I can use to pay off debt and eventually to save. My monthly minimum payments are about £238 per month at the moment. That's money that I look forward to being able to save.
    Credit Card 1 £6,000/£5,462.76 Debit Card £5,000/£4,038.61 (Debit Card includes Emergency Fund £1000) Credit Card 2 £1200/£822.91 Tax Bill £750/£0 Library Fine £90/£0 Accountancy Bill £720/£0 Cancelled Art Project Donation £15/£0
    Total £13,199/£10,324

    A SnowballBunny, hopping my way to Financial Freedom.
    • SnowBallBunny
    • By SnowBallBunny 4th Mar 18, 9:45 PM
    • 138 Posts
    • 281 Thanks
    SnowBallBunny
    Hey everyone,

    Firstly, thanks for following my journey so far. I'm surprised that over 7K people have read this. Thanks again to everyone who has contributed positive comments (it means a lot to me) and to the lurkers too.

    To be honest I've been feeling down about my situation. My LBM wasn't just financial, it affected other areas of my life, and came with a lot of self-reflection as well as regret. It made me question different areas of my life and I feel bad about choices I've made e.g. Career, friendships, my future plans. I've been trying to remind myself that I can make different choices now and learn from the past.
    I've been asked what I want several times and I always feel stumped, unable to really answer. I think that's because fear affects what I think I can have/do. Even though I know that I'm capable of doing and having more good things in my life. My confidence has been affected.

    I think it is time for me to support myself in the same way that I have supported others. I also need to put energy into things other than the debt - my wellbeing and something creative.

    Unexpected expense
    Laptop Charger - £27.88
    Spending
    Birthday gift, dinner and cake for my sister. - £37
    Leaving lunch £5.25 I finished my previous role and will be starting my new role later this week. I had a leaving lunch with some colleagues on Friday, burritos. I have decided to take two days off prior to starting the new role.

    They also had a small leaving gathering for me on my last day which was a nice surprise, I did not expect anything. A colleague bought me a small gift, my (now former) Line Manager baked a chocolate cake (which was very kind and unexpected) and it was nice. The Line Manager asked me if I was celebrating my new role and to be honest I hadn't even thought about it. I've felt like such a loser lately - had to be honest with you all.

    I really wish you all well with your debt-free journeys and hope that you're able to draw something positive from this thread.
    Credit Card 1 £6,000/£5,462.76 Debit Card £5,000/£4,038.61 (Debit Card includes Emergency Fund £1000) Credit Card 2 £1200/£822.91 Tax Bill £750/£0 Library Fine £90/£0 Accountancy Bill £720/£0 Cancelled Art Project Donation £15/£0
    Total £13,199/£10,324

    A SnowballBunny, hopping my way to Financial Freedom.
    • SnowBallBunny
    • By SnowBallBunny 5th Mar 18, 7:17 PM
    • 138 Posts
    • 281 Thanks
    SnowBallBunny
    I want to improve my daily routine.

    Does anyone have any healthy Vegetarian/Vegan recipe ideas for
    - Breakfast?
    - Mid-afternoon snacks (Protein Bars, Breakfast Muffins)?

    If so, thanks in advance.
    Credit Card 1 £6,000/£5,462.76 Debit Card £5,000/£4,038.61 (Debit Card includes Emergency Fund £1000) Credit Card 2 £1200/£822.91 Tax Bill £750/£0 Library Fine £90/£0 Accountancy Bill £720/£0 Cancelled Art Project Donation £15/£0
    Total £13,199/£10,324

    A SnowballBunny, hopping my way to Financial Freedom.
    • SnowBallBunny
    • By SnowBallBunny 9th Mar 18, 7:15 PM
    • 138 Posts
    • 281 Thanks
    SnowBallBunny
    Hi everyone,

    This week I paid my Accountancy bill of £780 for the year and as I took two days off and bank holidays are coming up I could only afford to pay £100 towards Credit Card 2, I would like to clear the bill by the end of March.
    Credit Card 1 £6,000/£5,462.76 Debit Card £5,000/£4,038.61 (Debit Card includes Emergency Fund £1000) Credit Card 2 £1200/£822.91 Tax Bill £750/£0 Library Fine £90/£0 Accountancy Bill £720/£0 Cancelled Art Project Donation £15/£0
    Total £13,199/£10,324

    A SnowballBunny, hopping my way to Financial Freedom.
    • SnowBallBunny
    • By SnowBallBunny 9th Mar 18, 7:21 PM
    • 138 Posts
    • 281 Thanks
    SnowBallBunny
    New Signature:

    Credit Card 1 £6,000/£5603.88 Debit Card £5,000/£3767.78 (Debit Card includes Emergency Fund £1000) Credit Card 2 £1200/£832.53 Tax Bill £750/£0 Library Fine £90/£0 Accountancy Bill £720/£0 Cancelled Art Project Donation £15/£0
    Total £13,199/£10,204
    Last edited by SnowBallBunny; 10-03-2018 at 9:49 AM.
    Credit Card 1 £6,000/£5,462.76 Debit Card £5,000/£4,038.61 (Debit Card includes Emergency Fund £1000) Credit Card 2 £1200/£822.91 Tax Bill £750/£0 Library Fine £90/£0 Accountancy Bill £720/£0 Cancelled Art Project Donation £15/£0
    Total £13,199/£10,324

    A SnowballBunny, hopping my way to Financial Freedom.
    • SnowBallBunny
    • By SnowBallBunny 10th Mar 18, 6:24 PM
    • 138 Posts
    • 281 Thanks
    SnowBallBunny
    Hey everyone,

    I started my the role this week and it's going well. The role itself is fine, I just want to sleep properly again.

    It's been a rough week, I've been feeling low and haven't talked to anyone about it. I just keep on thinking so negatively. I feel like such a loser. Part of me wishes I could tell a friend what I'm thinking/feeling about the debt and everything else but money's such a taboo topic and I just don't know who I can speak to about everything else that's on my mind.

    I haven't been swimming again even though I know that exercise would help me. I also want to be around people again. In an effort to save money I haven't really gone anywhere. I tried to go to a writing class at my local library but it wasn't on at the usual time so I couldn't go.

    I want to be honest here rather than pretending that everything is OK. Hopefully I can make some changes and feel better.

    Wishing you all you DFWs the best.
    Credit Card 1 £6,000/£5,462.76 Debit Card £5,000/£4,038.61 (Debit Card includes Emergency Fund £1000) Credit Card 2 £1200/£822.91 Tax Bill £750/£0 Library Fine £90/£0 Accountancy Bill £720/£0 Cancelled Art Project Donation £15/£0
    Total £13,199/£10,324

    A SnowballBunny, hopping my way to Financial Freedom.
    • doingitanyway
    • By doingitanyway 10th Mar 18, 8:45 PM
    • 3,014 Posts
    • 14,791 Thanks
    doingitanyway
    Sorry you are feeling low.
    You are doing well, just having a tough week. I'm also having a rubbish week.
    I think you should call The Samaritans and chew their ears off unloading all your difficult emotions.
    Force yourself to swim. I am going to do an exercise class tomorrow. Don't want to go but I will.
    Take care
    JANUARY 2016/SECURED DEBT=24,822/March 2018=0 DEBT FREE 23/03/18
    MORTGAGE FREE 25/07/16
    • SnowBallBunny
    • By SnowBallBunny 10th Mar 18, 10:22 PM
    • 138 Posts
    • 281 Thanks
    SnowBallBunny
    Sorry you are feeling low.
    You are doing well, just having a tough week. I'm also having a rubbish week.
    I think you should call The Samaritans and chew their ears off unloading all your difficult emotions.
    Force yourself to swim. I am going to do an exercise class tomorrow. Don't want to go but I will.
    Take care
    Originally posted by doingitanyway
    Thanks, I really commend you for arranging that exercise class tomorrow. I'm sure it'll do you lots of good.

    I would like to speak to someone - thanks for encouraging me to make a call.

    I cooked a healthy meal today which has helped me to feel better. I'll cook more tomorrow so that I have enough food to take lunch to work for a few days.
    Credit Card 1 £6,000/£5,462.76 Debit Card £5,000/£4,038.61 (Debit Card includes Emergency Fund £1000) Credit Card 2 £1200/£822.91 Tax Bill £750/£0 Library Fine £90/£0 Accountancy Bill £720/£0 Cancelled Art Project Donation £15/£0
    Total £13,199/£10,324

    A SnowballBunny, hopping my way to Financial Freedom.
    • doingitanyway
    • By doingitanyway 10th Mar 18, 10:40 PM
    • 3,014 Posts
    • 14,791 Thanks
    doingitanyway
    Good food, sleep and exercise

    Don't commend me too soon. I haven't done it yet
    JANUARY 2016/SECURED DEBT=24,822/March 2018=0 DEBT FREE 23/03/18
    MORTGAGE FREE 25/07/16
    • moneyonmymindsam
    • By moneyonmymindsam 10th Mar 18, 11:01 PM
    • 1,406 Posts
    • 4,276 Thanks
    moneyonmymindsam
    Good food, sleep and exercise

    Don't commend me too soon. I haven't done it yet
    Originally posted by doingitanyway
    Nor me.

    If there is any thing I can do let me know. Very proud of you for tackling your debts so you needn't feel low.

    You got this and we are all here ( even the lurkers like me) to support you

    Emergency Fund Challenge
    • SnowBallBunny
    • By SnowBallBunny 10th Mar 18, 11:09 PM
    • 138 Posts
    • 281 Thanks
    SnowBallBunny
    Good food, sleep and exercise

    Don't commend me too soon. I haven't done it yet
    Originally posted by doingitanyway
    You're welcome to let me know how it goes...
    Credit Card 1 £6,000/£5,462.76 Debit Card £5,000/£4,038.61 (Debit Card includes Emergency Fund £1000) Credit Card 2 £1200/£822.91 Tax Bill £750/£0 Library Fine £90/£0 Accountancy Bill £720/£0 Cancelled Art Project Donation £15/£0
    Total £13,199/£10,324

    A SnowballBunny, hopping my way to Financial Freedom.
    • Jigglebiz
    • By Jigglebiz 11th Mar 18, 3:36 PM
    • 32 Posts
    • 30 Thanks
    Jigglebiz
    Hey snowball, Iím sorry to hear that you are feeling low.

    Sometimes itís at the times we need it the most that the things that help us get left behind (creative outlets, exercise, socialising).

    When paying off debt itís especially difficult to justify spending on these things. Do you have a small amount set aside for fun activities?

    I hope you feel better soon
    Total debt outstanding: Jan 18 -£1813 / Feb 18 -£1649 / Mar 18 -£1278 / Apr 18 -£999 / May 18 -£632
    Emergency fund (and long term savings): Jan 18 £4688 / Feb 18 £4698 / Mar 18 £4362 / Apr 18 £4392 / May 18 £4678
    House Buy/Sell Fund: Jan 18 £0 / Feb 18 £184 / Mar 18 £568 / Apr 18 £936 / May 18 £1304

    • SnowBallBunny
    • By SnowBallBunny 11th Mar 18, 3:53 PM
    • 138 Posts
    • 281 Thanks
    SnowBallBunny
    Nor me.

    If there is any thing I can do let me know. Very proud of you for tackling your debts so you needn't feel low.

    You got this and we are all here ( even the lurkers like me) to support you

    Originally posted by moneyonmymindsam
    Thanks for your supportive message. I really appreciate it.
    Credit Card 1 £6,000/£5,462.76 Debit Card £5,000/£4,038.61 (Debit Card includes Emergency Fund £1000) Credit Card 2 £1200/£822.91 Tax Bill £750/£0 Library Fine £90/£0 Accountancy Bill £720/£0 Cancelled Art Project Donation £15/£0
    Total £13,199/£10,324

    A SnowballBunny, hopping my way to Financial Freedom.
    • SnowBallBunny
    • By SnowBallBunny 11th Mar 18, 4:10 PM
    • 138 Posts
    • 281 Thanks
    SnowBallBunny
    Hey snowball, Iím sorry to hear that you are feeling low.

    Sometimes itís at the times we need it the most that the things that help us get left behind (creative outlets, exercise, socialising).

    When paying off debt itís especially difficult to justify spending on these things. Do you have a small amount set aside for fun activities?

    I hope you feel better soon
    Originally posted by Jigglebiz
    Thanks Jigglebiz, you're right, I stopped doing so much and I need to do something to change things.

    I don't have any money set aside for fun activities or exercise and that's something that I think I should rethink. How much, I'm not sure. I'm looking at local exercise classes and comparing options.
    Credit Card 1 £6,000/£5,462.76 Debit Card £5,000/£4,038.61 (Debit Card includes Emergency Fund £1000) Credit Card 2 £1200/£822.91 Tax Bill £750/£0 Library Fine £90/£0 Accountancy Bill £720/£0 Cancelled Art Project Donation £15/£0
    Total £13,199/£10,324

    A SnowballBunny, hopping my way to Financial Freedom.
    • moneyonmymindsam
    • By moneyonmymindsam 11th Mar 18, 4:16 PM
    • 1,406 Posts
    • 4,276 Thanks
    moneyonmymindsam
    How are you doing today?

    Sam x
    Emergency Fund Challenge
    • little pink purse
    • By little pink purse 11th Mar 18, 7:08 PM
    • 866 Posts
    • 3,975 Thanks
    little pink purse
    hi snowball

    hope you feeling more up beat
    i find when I am low I lying on the sofa and put on classic music on relax and focus on the music 9/10 times you fall asleep or find your mood has lifted xxx
    xxxlppxxx
    nsd may /10
    feb fuel and food budget £350.00

    debt total highest £66k now £65k
    FIRST DEBT TO BLAST £2142.95 /
    • SnowBallBunny
    • By SnowBallBunny 16th Mar 18, 7:53 PM
    • 138 Posts
    • 281 Thanks
    SnowBallBunny
    How are you doing today?

    Sam x
    Originally posted by moneyonmymindsam
    Hi Sam,

    Thanks for checking in on me last week. It was a tough week. I'm feeling a bit better now. I think that moving forward I should just call/speak to someone weekly. And to write down my feelings regularly.
    Credit Card 1 £6,000/£5,462.76 Debit Card £5,000/£4,038.61 (Debit Card includes Emergency Fund £1000) Credit Card 2 £1200/£822.91 Tax Bill £750/£0 Library Fine £90/£0 Accountancy Bill £720/£0 Cancelled Art Project Donation £15/£0
    Total £13,199/£10,324

    A SnowballBunny, hopping my way to Financial Freedom.
    • SnowBallBunny
    • By SnowBallBunny 16th Mar 18, 7:54 PM
    • 138 Posts
    • 281 Thanks
    SnowBallBunny
    hi snowball

    hope you feeling more up beat
    i find when I am low I lying on the sofa and put on classic music on relax and focus on the music 9/10 times you fall asleep or find your mood has lifted xxx
    xxxlppxxx
    Originally posted by little pink purse
    Thanks little, relaxing music does help.
    Credit Card 1 £6,000/£5,462.76 Debit Card £5,000/£4,038.61 (Debit Card includes Emergency Fund £1000) Credit Card 2 £1200/£822.91 Tax Bill £750/£0 Library Fine £90/£0 Accountancy Bill £720/£0 Cancelled Art Project Donation £15/£0
    Total £13,199/£10,324

    A SnowballBunny, hopping my way to Financial Freedom.
    • SnowBallBunny
    • By SnowBallBunny 17th Mar 18, 2:04 PM
    • 138 Posts
    • 281 Thanks
    SnowBallBunny
    Hi,

    This week has been OK moneywise. This week I covered my costs (as expected). I will be able to pay off more debt next week.

    £7.50 Leaving Lunch My colleague had a leaving lunch.

    I was invited for drinks at a cocktail bar by my cousin, drinks (including non alcoholic drinks) cost £10 - £15 each so I didn't go. I'd like to see her soon though.

    My sister thinks she'll stay until the end of March and hasn't determined a moving date yet, it might be in April.

    I appreciate all of you DFWs and lurkers. Thanks for reading and keeping up with this journey.
    Credit Card 1 £6,000/£5,462.76 Debit Card £5,000/£4,038.61 (Debit Card includes Emergency Fund £1000) Credit Card 2 £1200/£822.91 Tax Bill £750/£0 Library Fine £90/£0 Accountancy Bill £720/£0 Cancelled Art Project Donation £15/£0
    Total £13,199/£10,324

    A SnowballBunny, hopping my way to Financial Freedom.
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