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  • FIRST POST
    • SnowBallBunny
    • By SnowBallBunny 25th Nov 17, 1:03 PM
    • 148Posts
    • 284Thanks
    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 9
    • moneyonmymindsam
    • By moneyonmymindsam 17th Mar 18, 6:31 PM
    • 1,408 Posts
    • 4,331 Thanks
    moneyonmymindsam
    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.
    Originally posted by SnowBallBunny
    Hi Well done on another week.

    We will get there I'm sure

    Sam
    Emergency Fund Challenge
    • parsniphead
    • By parsniphead 17th Mar 18, 7:24 PM
    • 2,530 Posts
    • 16,193 Thanks
    parsniphead
    A really positive diary snowballbunny. You seem to have some good plans in place. I look forward to reading about you achieving your dreams.
    My mini challenge: pay off MBNA by 31/08/18. 502/502 100% (paid off 30/06/18 - 2 months early )
    Next small debt victim 20/367 - you're going by 31/08/2018
    Total outstanding consumer debt - 735.68/ 7864.52 9.3%
    • SnowBallBunny
    • By SnowBallBunny 17th Mar 18, 8:03 PM
    • 148 Posts
    • 284 Thanks
    SnowBallBunny
    Hi Well done on another week.

    We will get there I'm sure

    Sam
    Originally posted by moneyonmymindsam
    Thank you Sam! So kind.
    Credit Card 1 6,000/5,322.56 Debit Card 5,000/2975.3 Credit Card 2 1200/0 Tax Bill 750/0 Library Fine 90/0 Accountancy Bill 720/0 Cancelled Art Project Donation 15/0
    Total 13,199/8298

    A SnowballBunny, hopping my way to Financial Freedom.
    • SnowBallBunny
    • By SnowBallBunny 17th Mar 18, 8:59 PM
    • 148 Posts
    • 284 Thanks
    SnowBallBunny
    A really positive diary snowballbunny. You seem to have some good plans in place. I look forward to reading about you achieving your dreams.
    Originally posted by parsniphead
    Thanks for your encouraging words Parsnip.
    Credit Card 1 6,000/5,322.56 Debit Card 5,000/2975.3 Credit Card 2 1200/0 Tax Bill 750/0 Library Fine 90/0 Accountancy Bill 720/0 Cancelled Art Project Donation 15/0
    Total 13,199/8298

    A SnowballBunny, hopping my way to Financial Freedom.
    • doingitanyway
    • By doingitanyway 17th Mar 18, 9:04 PM
    • 3,294 Posts
    • 17,720 Thanks
    doingitanyway
    All sounding positive Snowballbunny
    Emergency fund 500/1000
    If not now then when?
    • SnowBallBunny
    • By SnowBallBunny 18th Mar 18, 2:23 PM
    • 148 Posts
    • 284 Thanks
    SnowBallBunny
    All sounding positive Snowballbunny
    Originally posted by doingitanyway
    Thanks DoingitAnyway.
    Credit Card 1 6,000/5,322.56 Debit Card 5,000/2975.3 Credit Card 2 1200/0 Tax Bill 750/0 Library Fine 90/0 Accountancy Bill 720/0 Cancelled Art Project Donation 15/0
    Total 13,199/8298

    A SnowballBunny, hopping my way to Financial Freedom.
    • SnowBallBunny
    • By SnowBallBunny 23rd Mar 18, 10:37 PM
    • 148 Posts
    • 284 Thanks
    SnowBallBunny
    Hi everyone,

    6.50 - Went to a 40th birthday lunch for a colleague. Otherwise I bought my own lunch to work.

    I have a tax bill coming up for about 854.41 so although I planned to pay off CC2 this month, I'll wait to do that in April or May.

    My sister suggested that I apply for a credit card and transfer the balance to it to eliminate the minimum payments. I'm not sure if I'd be approved for a credit card, if I did apply and was rejected it would negatively impact my credit and also even though this feels like a slow process, getting another credit card just seems like another financial thing for me to think about.

    I'd be interested to hear about your experiences with credit cards and balance transfers.

    Thanks for following the journey DFWs and hello to the lurkers.
    Credit Card 1 6,000/5,322.56 Debit Card 5,000/2975.3 Credit Card 2 1200/0 Tax Bill 750/0 Library Fine 90/0 Accountancy Bill 720/0 Cancelled Art Project Donation 15/0
    Total 13,199/8298

    A SnowballBunny, hopping my way to Financial Freedom.
    • SnowBallBunny
    • By SnowBallBunny 24th Mar 18, 9:23 PM
    • 148 Posts
    • 284 Thanks
    SnowBallBunny
    This week I reached out to speak with people. I called the Uni councellor really early on Thursday morning as I couldn't connect with anyone on Wednesday night.

    I also spoke to my cousin this week, it was lovely to catch up with her and she told me not to worry about things in general or money but to keep doing my best and to prioritise my health. I told her that I'm paying off a credit card but when I've paid off the debt, I think I'll tell her about the full amount.

    My Stepdad came over yesterday, he asked my sister and I how we feel about the move but her friend was staying over so I couldn't really answer honestly. I'm glad that now I feel like I can talk to him about more things and I look forward to being more open and vulnerable with people moving forward. I want to have friendships where I can be myself and be more open. I've trusted in the past and it hasn't always worked out but I want meaningful friendships. To get to that place I have to trust, or at least try.

    As Coffee said earlier in this thread, creatives can be sensitive and take slights to heart.
    Credit Card 1 6,000/5,322.56 Debit Card 5,000/2975.3 Credit Card 2 1200/0 Tax Bill 750/0 Library Fine 90/0 Accountancy Bill 720/0 Cancelled Art Project Donation 15/0
    Total 13,199/8298

    A SnowballBunny, hopping my way to Financial Freedom.
    • doingitanyway
    • By doingitanyway 24th Mar 18, 9:29 PM
    • 3,294 Posts
    • 17,720 Thanks
    doingitanyway
    Trust is a hard one for me too, but people generally end up disappointing us as we disappoint them sometimes so it is constant exercise in forgiveness. We need to draw boundaries but forgive people too, a difficult balance but it is worth trying
    Emergency fund 500/1000
    If not now then when?
    • SnowBallBunny
    • By SnowBallBunny 25th Mar 18, 1:51 PM
    • 148 Posts
    • 284 Thanks
    SnowBallBunny
    Trust is a hard one for me too, but people generally end up disappointing us as we disappoint them sometimes so it is constant exercise in forgiveness. We need to draw boundaries but forgive people too, a difficult balance but it is worth trying
    Originally posted by doingitanyway
    Wise words. Forgiveness is a two way street. Thanks.
    Credit Card 1 6,000/5,322.56 Debit Card 5,000/2975.3 Credit Card 2 1200/0 Tax Bill 750/0 Library Fine 90/0 Accountancy Bill 720/0 Cancelled Art Project Donation 15/0
    Total 13,199/8298

    A SnowballBunny, hopping my way to Financial Freedom.
    • SnowBallBunny
    • By SnowBallBunny 29th Mar 18, 1:59 PM
    • 148 Posts
    • 284 Thanks
    SnowBallBunny
    Hi everyone,

    My weekly update is a bit early today.

    The Uni is closed for the Easter break, reopening next Thursday so I'll earn less than expected but I still have enough to cover my bills.

    Expected Costs
    854.41 - Tax Bill paid
    29.60 - Gymwear - I bought some gym attire so I can join a gym and start attending classes soon. I've found a gym that costs about 34 per month and I can access lots of different locations so I can go to a gym near work, home or wherever I am in the city. I chosing the right days to attend and looking about high protein snacks and foods I can eat as I know my diet will have to change along with the exercise regime.

    I had to use some of my Emergency fund to pay my tax bill so I'll update my signature shortly. I still have over 700 remaining.

    My role is still temporary but things are going well, they are giving me a chance to suceed in the role and would like me to travel to their office in the UAE soon to get some training and work on an event I'm helping to organise.

    Despite this I don't feel as confident or excited as I thought I would. I know I need to be grateful for this opportunity and I am. My confidence has really taken a knock over the past few months.

    And I want to start writing a journal, this paired with exercise should help to calm my negative thoughts down.

    I'm trying DFWs. Thanks to you and the lurkers for reading and following this journey.
    Last edited by SnowBallBunny; 30-03-2018 at 3:34 PM.
    Credit Card 1 6,000/5,322.56 Debit Card 5,000/2975.3 Credit Card 2 1200/0 Tax Bill 750/0 Library Fine 90/0 Accountancy Bill 720/0 Cancelled Art Project Donation 15/0
    Total 13,199/8298

    A SnowballBunny, hopping my way to Financial Freedom.
    • moneyonmymindsam
    • By moneyonmymindsam 30th Mar 18, 4:00 PM
    • 1,408 Posts
    • 4,331 Thanks
    moneyonmymindsam
    Hey SBB

    At least you had an emergency fund to access for the tax bill so still doing really well in my opinion. :-)

    Good news about the gym - Health and well being is super important so another positive step.
    Sam x
    Emergency Fund Challenge
    • SnowBallBunny
    • By SnowBallBunny 3rd Apr 18, 9:08 PM
    • 148 Posts
    • 284 Thanks
    SnowBallBunny
    Hey SBB

    At least you had an emergency fund to access for the tax bill so still doing really well in my opinion. :-)

    Good news about the gym - Health and well being is super important so another positive step.
    Sam x
    Originally posted by moneyonmymindsam
    Thanks for the encouragement Sam.
    Credit Card 1 6,000/5,322.56 Debit Card 5,000/2975.3 Credit Card 2 1200/0 Tax Bill 750/0 Library Fine 90/0 Accountancy Bill 720/0 Cancelled Art Project Donation 15/0
    Total 13,199/8298

    A SnowballBunny, hopping my way to Financial Freedom.
    • moneyonmymindsam
    • By moneyonmymindsam 3rd Apr 18, 10:33 PM
    • 1,408 Posts
    • 4,331 Thanks
    moneyonmymindsam
    How are you feeling?

    Well done for paying off the tax bill.

    Sam x
    Emergency Fund Challenge
    • SnowBallBunny
    • By SnowBallBunny 9th Apr 18, 1:52 PM
    • 148 Posts
    • 284 Thanks
    SnowBallBunny
    How are you feeling?

    Well done for paying off the tax bill.

    Sam x
    Originally posted by moneyonmymindsam
    Hi Sam,

    Thanks for thinking of me. I've been meaning to respond to your thoughtful post. I spent time with family over Easter which was lovely but to be honest, it's been a rough few weeks. I usually talk to my sister about things but I haven't really talked to anyone I've felt overwhelmed, with a lot on my mind lately. That plus not sleeping well, not exercising regularly, it's been tough.

    I'm commited to make positive changes though. And your comment was a sweet/kind surprise.
    Credit Card 1 6,000/5,322.56 Debit Card 5,000/2975.3 Credit Card 2 1200/0 Tax Bill 750/0 Library Fine 90/0 Accountancy Bill 720/0 Cancelled Art Project Donation 15/0
    Total 13,199/8298

    A SnowballBunny, hopping my way to Financial Freedom.
    • SnowBallBunny
    • By SnowBallBunny 9th Apr 18, 2:18 PM
    • 148 Posts
    • 284 Thanks
    SnowBallBunny
    Hi everyone,

    I hope you all had a good Easter.

    Here's my update, later than usual. My intention is to update you all every Friday/Saturday.

    Money
    My emergency fund has been funded again. The Uni was closed for 5 days and I'm off sick today so due to that I'm making less than expected this month. My sister's moving arrangements are pending and a date hasn't been set so I'm taking a step back, looking at my budget for the month and just focussing on covering the minimal interest charges for now.

    Feeling Down
    Personally I've been feeling down. I need a balance between talking to someone I can trust, expressing myself and taking action. I haven't been doing anything creative or fun either and it's as if these things are feeding into eachother.

    I called the Samaritans today and had a really helpful conversatio nwith the lady I spoke with.

    I haven't seen any friends in person in weeks, I plan to see a friend this Friday, she's a musician who is taking a bit of time for herself so we'll be able to catch up.

    I tend to do my best to be positive around friends, I'm as supportive of them as I can be while keeping my own worries to myself. I've decided to be as transparent as I can be so I dont give the impression that everything is fine or perfect.

    Self Care & Family
    Rather than being overwhelmed with a list of changes. I'd like to schedule regular gym sessions and I'd like to call relatives more often, my Mum and Grandparents as well as other relatives every week or fortnight.

    Writing & Cooking
    There's a local college who offer a subsidised writing course that I'm considering. It's 80 for 10 weeks. I'm still thinking about it. It could be a good way to break up the week and could help me to socialise with people regularly. Writing great but it can be very solitary.

    I also have a soup kitchen nearby which I could volunteer at but I also don't want to overload my plate.

    I'm figuring things out. I'm pleased to say that I cooked a big Sweet Potato chili yesterday and I'm going to pack my gym back today so that's ready for me to use. I found a notebook that's empty so I'll start writing down my feelings regularly too.

    Thanks for following this journey DFWs and lurkers. I appreciate you all.
    Credit Card 1 6,000/5,322.56 Debit Card 5,000/2975.3 Credit Card 2 1200/0 Tax Bill 750/0 Library Fine 90/0 Accountancy Bill 720/0 Cancelled Art Project Donation 15/0
    Total 13,199/8298

    A SnowballBunny, hopping my way to Financial Freedom.
    • SnowBallBunny
    • By SnowBallBunny 10th Apr 18, 10:40 PM
    • 148 Posts
    • 284 Thanks
    SnowBallBunny
    Acts of Self Care I've done lately.

    Sunday - Cooked Sweet Potato & lentil chili, brown rice, cabbage.
    Had a bath with Epsom Salts, my muscles were still sore from going to the gym. I need to stretch more next time.
    Monday - Called the Samaritans.
    Tuesday - Went food shopping after work.
    Credit Card 1 6,000/5,322.56 Debit Card 5,000/2975.3 Credit Card 2 1200/0 Tax Bill 750/0 Library Fine 90/0 Accountancy Bill 720/0 Cancelled Art Project Donation 15/0
    Total 13,199/8298

    A SnowballBunny, hopping my way to Financial Freedom.
    • SnowBallBunny
    • By SnowBallBunny 11th Apr 18, 9:33 PM
    • 148 Posts
    • 284 Thanks
    SnowBallBunny
    Self Care Update

    The Gym
    I went to the gym after work and did an exercise class. I'm glad I went. On my way out of the gym I bumped into a trainer who works there, Ade, I met him on my first visit. He was very encouraging and offered me a free exercise class. I made it clear that I can't afford personal training sessions and he extended that invitation anyway.

    When I met him I asked him about what holds his clients back from progressing and improving their fitness and he said that people get in their own way and believe that they can't do things that they can do. I listened to an interview with another trainer who said that people usually only do 40% of what they are capable of.

    I'd like to go to the gym on Mondays and Wednesdays. I think going twice a week is a good goal to begin with.

    I walked home, thankfully it's still light in the early evening so I felt comfortable doing that and I bought and cooked some extra vegetables to go with my dinner.

    Lunch
    I had lunch with a colleague today. Glad we caught up.

    Thanks for following my journey good people of DFWs, including those lurkers. Thanks for your support and positivity.
    Credit Card 1 6,000/5,322.56 Debit Card 5,000/2975.3 Credit Card 2 1200/0 Tax Bill 750/0 Library Fine 90/0 Accountancy Bill 720/0 Cancelled Art Project Donation 15/0
    Total 13,199/8298

    A SnowballBunny, hopping my way to Financial Freedom.
    • moneyonmymindsam
    • By moneyonmymindsam 11th Apr 18, 10:39 PM
    • 1,408 Posts
    • 4,331 Thanks
    moneyonmymindsam
    It is very important so young to keep in regular contact and sometimes we are all overwhelmed with feelings. Friends should be a two way process not just you helping others but sometimes a problem shared is a problem halved as they say.

    Lots of really positive stuff going on for you atm which i am pleased to hear
    Sam x
    Emergency Fund Challenge
    • SnowBallBunny
    • By SnowBallBunny 16th Apr 18, 9:05 PM
    • 148 Posts
    • 284 Thanks
    SnowBallBunny
    Hi everyone,

    It's a bit late but here's my update from last week:

    Last week:
    11.50 - Lunch I had lunch with colleagues twice last week.
    6.00 - I had dinner with a friend after work and we talked for hours. I was more open than usual with her, really trying to be more vulnerable.
    34.99 - Ironing Board. Had been meaning to replace mine, it was faulty and tiny in comparison.

    The Gym
    Today - I'd booked an exercise class and cancelled it because I had to work 15 minutes later than expected. So I booked and did a spin class at the gym instead. It was something new for me, I'm glad that I went.

    A friend wants to meet up on Friday, I want to meet with her but I don't want to buy dinner, I'll invite her over and cook.

    I meant to say, when I bumped into the trainer last week, he invited me out to eat, its not going to happen but it was good to be reminded that something unexpected and sweet can always happen and it can happen easily. It was nice to be invited.
    Credit Card 1 6,000/5,322.56 Debit Card 5,000/2975.3 Credit Card 2 1200/0 Tax Bill 750/0 Library Fine 90/0 Accountancy Bill 720/0 Cancelled Art Project Donation 15/0
    Total 13,199/8298

    A SnowballBunny, hopping my way to Financial Freedom.
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