Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Debtnomoreplease
    • By Debtnomoreplease 1st Jan 18, 7:40 PM
    • 106Posts
    • 258Thanks
    Debtnomoreplease
    2018 I WILL be debt free!
    • #1
    • 1st Jan 18, 7:40 PM
    2018 I WILL be debt free! 1st Jan 18 at 7:40 PM
    Hi, I'm new to this site so please bare with me. I've been reading stories online for months about how people have got out of debt and I've found the truly inspirational to say the least! It's certainly kept me going through my bad days. Sadly, I only found this site a month or so ago, so can't share my whole getting debt free experience (a lot paid off now) but I want to log my 2018 get free mission!
    So basically towards my late 20's I had abit of a light bulb moment-I thought I'd rally up my credit cards, overdrafts, loans etc and my gosh it was one heck of a shock!!! And I'm sad to say, I've nothing to show for all that money wasted-about £11,000 in fact!! But a fabulous few holidays I had! Now, I have paid down that debt-as much as it nearly killed me, but I've still got a bit to go.
    Here goes:
    CC1-£600 left to pay.
    CC2-£900 left to pay.
    Parent loan-£265
    Overdraft limit is £2,500- which im desperately trying to get rid of so currently in at £1000, as my wage doesn't cover my overdraft ( I know, I know-how silly!!) However, for 5+ years I've always gone right upto my overdraft limit (sometimes over) so the fact I've stamped it down over the past couple of months is amazing-but that was due to a wake up from the bank when they shot up there daily overdraft fee to being charged daily-ugh! Anyway, gave me the kick i needed!!
    So including my full overdraft (£2,500) I'm at about £4,265. I'm absolutely want this gone 100% this year, with an emergency fund saved. Anyway, after reading through some amazing diaries on here, I've decided to keep track of my own spending-for some reason something I've never done. So here is day 1-Not spent anything today-weather been awful so not left the house! I will continue to log money spent, debts paid down etc and will look forward to reading more diaries over the next few days.
    Luckily for me the CC (at the moment) are 0% so I've got to get on this 100% over the next few months.
    My plan: to clear CC2-I've been paying £500 a month off, so Jan-£500, Feb-£400 then clear!!! That will free up £500 a month!!
    Next, get as much money in account as possible to pay overdraft off, as this is the only thing I'm being charged for (about £60 a month at the moment) which I can cope with for two more months, as I just desperately need to see CC2 clear-it's been my toughest one of all and I can finally see the finish line!
    Once £2500 clear and no overdraft (or very small one) I will tackle CC1- I always pay £50 or slightly more a month off, the minimum is usually £14 (or around that) so I pay more than double off. If I continue to do this for 4 months, that will pay another £200, making CC1-£400. Then in May I can pay that all off in one (I'm used to paying £700 out of my wage every month on debt, so this will be nothing!) I have spent the past two years paying this debt down, and my gosh it's been hard-the silly chocies made years ago, and I'm still paying them off-if only I could speak to my younger self-never ever again!! The amount I've had to miss out on over the past years is sad, but I know it's all my own fault and I've learnt that hard way and I know I absolutely 100% will never get in this mess again! I'm really hoping by May/June I will totally debt free.
    My biggest issue at the moment is desperately trying to keep as much money in my account as possible. (Which is why keeping a diary is a good idea-I think.) Wish me luck
    By Christmas 2018, I would also like a healthy emergency fund off £1,500-2,000 with a seperate Christmas fund.
    I've also decided to start a Christmas fund this year, £30-£40 a month, as for years I've paid Christmas on the CC (but not 2017, I did save and not a loan or credit card was used-1st time in years, so I was rather proud!)
    As I've probably rambled too much, I'll stop now and check in with my daily spends time tomorrow.
Page 3
    • FiscalPickle
    • By FiscalPickle 10th Jan 18, 8:23 PM
    • 116 Posts
    • 285 Thanks
    FiscalPickle
    Just popping in to say hi, I've subscribed to your diary and looking forward to following your journey to debt freedom. There is a fantastically supportive community here. I agree that regular posting also keeps me accountable and on the straight and narrow, even if no one else is commenting. Good luck!
    DFD - 26/10/19
    In the process of shedding £20k and 35lbs
    • Debtnomoreplease
    • By Debtnomoreplease 11th Jan 18, 10:02 PM
    • 106 Posts
    • 258 Thanks
    Debtnomoreplease
    Day 11-11/1/18. A quick check in-absolutely shattered!
    NSD and a few more extra hours at work, so more money made today.
    Been too busy to think about things today, just hoping it stays that way! Always seems to spring to mind when I settle down for bed!
    • Debtnomoreplease
    • By Debtnomoreplease 12th Jan 18, 5:07 PM
    • 106 Posts
    • 258 Thanks
    Debtnomoreplease
    Day 12-12/1/18. Great, productive day today. End of the week...at last!! Looking forward to a less stressful couple of days.
    A night with the girls tonight, no cost needed as taking Christmas alcohol and staying over, so no taxi fair. Looking forward to a catch up and to not think about money!
    • fatrab
    • By fatrab 12th Jan 18, 8:26 PM
    • 852 Posts
    • 2,236 Thanks
    fatrab
    Have fun and enjoy the weekend!
    You can have results or excuses, but not both - Wannabe debt free by Dec 2022
    June's targets - Be 15st by end of month, 19/30 AFDs
    39 x £2 coins (#32)
    • Debtnomoreplease
    • By Debtnomoreplease 13th Jan 18, 5:05 PM
    • 106 Posts
    • 258 Thanks
    Debtnomoreplease
    Day 13.13/1/18.
    I have spent the day reading diaries on here-wow am I motivated now!! Some amazing people on here, with such postives attitudes.
    I've git an extra shift tonight, and in all honesty been dreading it, but now I'm motivated! 1) I'm earning money. 2) I won't be spending money. 3) I wasn't doing anything anyway, so I'm not missing out on anything.
    Had a great night at my friends last, a little tipsy, but no hanger at least :-)
    Going to sit down and hour before work, and go through my debt busting plans again-this does keep me motivated. Happy Sat folks :-)
    • motivated
    • By motivated 13th Jan 18, 6:36 PM
    • 2,205 Posts
    • 4,391 Thanks
    motivated
    Hi I found you and have just read how youíre getting on. You will have up and down days but every day is a step closer. Think about setting yourself small targets such as every £100 or £200 paid off. Itís easier to bear than looking at the overall total.

    Anyway hope work tonight goes quickly and glad to see the positivity coming through again

    Good luck
    M
    • Debtnomoreplease
    • By Debtnomoreplease 14th Jan 18, 4:15 PM
    • 106 Posts
    • 258 Thanks
    Debtnomoreplease
    Thanks motivated, much appreciated. Yes, think I will give myself smaller goals of every £200 etc. I've got a jar, so every £200 paid off I'm going to put a little star in-this will feel good. Doesn't take much to please me-especially if it doesn't cost me money :-) (already got some little stars)
    Day 14-14.118.
    Another weekend shift completed. Thank goodness for this site, as I was so unmotivated yesterday morning, but reading on here really motivated me to go to work. I also plucked up the courage to ask for any extra hours going etc-it worked!! Picked up an extra 12 hours next week!! It all adds up. I know I'll be shattered next week as this is on top of my full time job, but needs must and I won't get out of debt sat at home watching trash on TV! Better to be out earning. And I can cope with a hectic week, as the busier I am-the quicker this weeks go, which means nearer to pay day and another chunk paid off debts. Also knowing working these hours this week won't be forever, makes it easier. I'm having a chill day today, so not done much-relaxing myself before a busy week.
    Will start by a gym session in the morning-helps wake me up :-) Aiming for gym sessions 3 at least this week. Also aiming for at least 4 NSD. I've made my lunch for tomorrow with some chicken from the freezer. I need a few bits fridge wise this week, but will try and keep that to an absolute minimum.
    • Debtnomoreplease
    • By Debtnomoreplease 15th Jan 18, 8:19 PM
    • 106 Posts
    • 258 Thanks
    Debtnomoreplease
    Day15-15.1.18.
    Only a short post tonight, as I'm absolutely shattered....and it's only Monday!! But it's a good shattered feeling, got everything I needed to get done today.
    NSD-1/7 this week. Aiming for 4 NSD as a minimum this week. Think I will do this weekly-feels less overwhelming than doing it monthly.
    Still feeling motivated on getting rid of this rock dragging me down (the debt) Everytime I see an advert for a loan, it's makes my blood boil! And I think, why on earth did I ever take any loans-well lesson learnt (the hard way) but never again will I take loans out-I will save, then buy!
    One day down 4 days and 12 extra hours to go-lets do this!!
    Won't clear the debt curled up in a ball feeling sorry for myself!!
    • fatrab
    • By fatrab 15th Jan 18, 10:00 PM
    • 852 Posts
    • 2,236 Thanks
    fatrab
    Same here, I'm going to aim for 4 nsd's per week. Seems like a sensible target and if I manage 5 that'll be a bonus.

    Yeah payday loan adverts are the worst, targeting those already struggling.

    We all made bad choices. Otherwise we wouldn't be here! I hope were still here in December but in much better financial circumstances.
    You can have results or excuses, but not both - Wannabe debt free by Dec 2022
    June's targets - Be 15st by end of month, 19/30 AFDs
    39 x £2 coins (#32)
    • Debtnomoreplease
    • By Debtnomoreplease 16th Jan 18, 9:11 PM
    • 106 Posts
    • 258 Thanks
    Debtnomoreplease
    Thank you, Fatrab. Absolutely hoping to be in a MUCH better position in December. :-) Hope your 4 NSD goes well.

    Day 16. 16.2.18. Sadly a spend day, needed shopping and some petrol £140! However, I'd of spent a lot more usually and this should last until pay day now-just! Still taking lunches to work, so saving a lot of money that way and makes me feel good knowing I've not wasted £5 or so at lunch.
    Heavy snow in my area tonight, so was a rather stressful journey home, but kept reminding myself...at least I have a home to go to! How dreadful some people don't have homes, not that it's nice to not have a home anytime of the year, but seems to bring it home more with awful, bitter weather like today.
    Anyway, my candles are lit, trash on TV-working the rest of the week until late, so a chill night needed.
    Tomorrow, will be a NSD. Tomorrow, I will a day nearer to pay day.
    Tomorrow, I will be a day nearer to being debt free.
    • Debtnomoreplease
    • By Debtnomoreplease 17th Jan 18, 7:35 PM
    • 106 Posts
    • 258 Thanks
    Debtnomoreplease
    Day 17. 17.1.18.
    NSD today. Not much to report, plan on doing a little chart at the weekend to tick each £100 that I've paid off....love a good tick list
    • Debtnomoreplease
    • By Debtnomoreplease 18th Jan 18, 2:49 PM
    • 106 Posts
    • 258 Thanks
    Debtnomoreplease
    Day 18. 18.1.18. Just on lunch break, took a later one as I'm working tonight, so been a VERY long morning, but got to do what you got to do to become debt free. At last it's stopping me spend money-too tired today for that, and the day isn't over yet! But I'm extremely grateful I've got the opportunity to earn extra money and gain extra hours, so I'm not complaining in that respect at all. This is a very strong reminder to never get in this mess again.
    Abyway, a chat with a colleague this morning was rather interesting. I was working and had my phone on (forgot my headphones!) so it was playing out loud, well in slightly obsessed with other people's debt free stories and listen to a lot of Dave Ramsey and his debt free screams etc. So she asked what I was listening to and why, so I told her. I also told her (baring in mind I wouldn't exactly call her a friend) how I was working hard to become debt free after stupid choices I've taken in the past etc. But now I'm 100% focussed, and determined to be debt free and have a good couple of thousand saved by Christmas! And she started to open up about her money problems, how she's expected to live this 'luxury life' etc as her friends all have money. She said she is very near to breaking point. I told her you can't pretend to live a life, which isn't suited to your affordability etc and if they were true friends, they'd understand and just because they seem rich, doesn't mean they are-it could all be on credit cards too! Nobody knows anyone's circumstances and they only tell you what they want to tell you etc. Anyway, we had a good heart to heart and it made me feel good to open up about my debt and not feel totally embarrassed! Whereas, in the past I was mortified. Now I can see how far I've come, I've accepted the responsibility of the debt and the mess I got myself into, and how I'm the only person who can get out it. I've grown up a lot over the past year or so-for the better I'd like to think.
    Anyway, just wanted to write this down as a memory and a remminder not all is as it seems;people struggle, but don't always admit their problems. And you never know, we might turn out to be friend; after all we've got something in common now.
    Best get back to work, won't do its self. :-)
    • fatrab
    • By fatrab 19th Jan 18, 7:46 AM
    • 852 Posts
    • 2,236 Thanks
    fatrab
    ^^ Great post!


    I think people are conditioned into "keeping up with the Joneses".


    Unless you inherit a small fortune or win the lottery, that really means some form of debt, or certainly stretching your means. I got to about 40 before I stopped caring what other folk thought of me. I always wanted to have flashy cars, wild nights out and 4+ holidays a year because I thought that was impressive.


    It doesn't feel very impressive when you realise that all the money you're spending on debt repayment could be spent on having a better quality of life now and in the future.


    We don't think about our future selves when we are young.
    You can have results or excuses, but not both - Wannabe debt free by Dec 2022
    June's targets - Be 15st by end of month, 19/30 AFDs
    39 x £2 coins (#32)
    • Debtnomoreplease
    • By Debtnomoreplease 19th Jan 18, 5:24 PM
    • 106 Posts
    • 258 Thanks
    Debtnomoreplease
    Thanks Fatrab. I know, if only we could tell our younger selves that all the above stuff isn't all that. I'd 100% rather have no debt, health and peace of mind over any flash holiday or flash car...funnily enough, all things you can't buy!
    Day 19. 19.1.18.
    Glad it's Friday, even if I'm working until 10:30pm, but money for debt so can't complain. This month seems to be the longest month ever, but suppose Jan always feels the same. However, I bet it doesn't feel a long month when I'm finally debt free! Ha ha. Anyway, back to work I go-thinking of a nice lie in in the morning will keep me going! :-)
    • Debtnomoreplease
    • By Debtnomoreplease 20th Jan 18, 11:19 AM
    • 106 Posts
    • 258 Thanks
    Debtnomoreplease
    Day 20. 20.1.18.
    Morning, I've just woke up-how lazy, but I feel great! Working for a couple of hours later this afternoon, so feel I deserved Abit of a lie in after the hours this week. Plus-it's better to lie in and catch up on sleep than to spend money. Ha ha.
    Anyway, lazy free hours planned, breakfast (probably more lunch now) coffee, abit of budget planning (again) work out overtime money, and probably watch abit of trash TV before work. This may sound all rather boring, but none of it costs money and my head is feeling a lot clearer at the moment, and that it something you certainly can't buy, so for that I'm grateful. The things I need to get through the day-1st most defiantly a good nights sleep (I've lost a lot of sleep over the past years) so I appreciate it when I can switch off and sleep-something that's free. 2nd-coffee or I don't become human until nighttime-ha ha. Sadly costs, but I ain't fussy , so I buy from the poundshop so the cost is -£1.
    3rd-cuddles, kisses and laughter from my niece and nephew.
    4th-friends and family time.
    5th-a good book (I like to drift away into the book and forgot things for a while) Free as I use the local library. :-)
    Amazing when you break it down to the simple things in life that make you happy, that it really doesn't need to cost a fortune.
    Happy Saturdau folks. I hope everyone can have something to be greatful for today. No ones lives are perfect, and someday slight take a little longer to find something to be grateful for, but things will get better eventually.
    • Debtnomoreplease
    • By Debtnomoreplease 21st Jan 18, 12:22 PM
    • 106 Posts
    • 258 Thanks
    Debtnomoreplease
    Day 21. 21.1.18. Not much to report today, apart from my day off! Nothing much planned, weather awful anyway! Plan on a NSD, Abit of reading diaries on here and then get sorted for the rest of the week.
    I have shredded old bills-very therapeutic I must say.
    Roll on pay day!
    • Debtnomoreplease
    • By Debtnomoreplease 22nd Jan 18, 4:49 PM
    • 106 Posts
    • 258 Thanks
    Debtnomoreplease
    Day 22. 22.1.18.
    Been a crap day from start to finish-I'm saying finish because I'm going; to lock the doors, shut the curtains, turn the lights off, light my candles and have no more human contact until tomorrow morning!
    Just feeling fed up today, All I dreamt about last night was money, but thought I'd got my head straight about it. Came home to a letter from the bank offering me a loan!!!!! It went straight in the bin!! I'm just hoping I'm having a bad day, and that I'll be back to positive thinking tomorrow, as my head just feels all over the place right now. Good to have this diary to rant to, and get my thoughts down.
    • fatrab
    • By fatrab 22nd Jan 18, 5:24 PM
    • 852 Posts
    • 2,236 Thanks
    fatrab
    I felt like that last Wednesday. Mid-week slump I think it was. I think you've just got a dose of the Monday blues!


    My dreams are pretty random at the best of times. When I get stressed I always dream about my Dad, he's always there but never says anything. He died a few years ago.


    You are allowed to have bad days.
    You can have results or excuses, but not both - Wannabe debt free by Dec 2022
    June's targets - Be 15st by end of month, 19/30 AFDs
    39 x £2 coins (#32)
    • MeenaM
    • By MeenaM 22nd Jan 18, 8:58 PM
    • 251 Posts
    • 461 Thanks
    MeenaM
    good luck and you're doing really well so far, i am also a big fan of the Dave Ramsey debt free screams , we will be doing one of those one day !
    Sealed Pot 11. #199Next£1170Barclays Credit Card £4891.20/0- 0% ends April 2019 virgin 0% ends july 2020 £4138 3845.89AA Credit Card £860 0- 0% ends Dec 2017 Sainsburys Credit Card £521.27-0 0% ends Feb 2018 STARTED Nov 17AIM TO BE DEBT FREE JULY 2019Emergency Fund £614/£1000
    • Debtnomoreplease
    • By Debtnomoreplease 28th Jan 18, 1:02 PM
    • 106 Posts
    • 258 Thanks
    Debtnomoreplease
    23rd-28th Jan. I've been rather naught and neglected checking in every day on here-tut tut!
    However, I've been busy working as much over time as possible & organising/sorting out a new envelope system.
    I'm absolutely shattered due to overtime etc, but it's not given me much time to spend it when I have had time I've been too tired, so that's certainly a good point.
    I had a couple of down days where I felt everything got on top of me, but I've stood up and dusted myself down-won't get anywhere feeling sorry for myself, will I?! I've reminded myself that this debt isn't forever and WILL be paid by Dec 2018 (hopefully before) even if I have to drag myself kicking and screaming towards it. I was looking at my personal diary the other day and a date personal to me came up, and I was shocked that a year had already passed from that sad day-it showed me how fast time really goes, so I should stop wishing my life away for the next pay day, and just deal with things daily and be grateful I've got the chance to deal with things and make things right.
    I'm going to pour a coffee and do another plan for this month coming up as its pay day on Weds. I will squeeze my budget as much as I can, but I do desperate need to be putting some money in my envelope system for emergencies-car, medical etc. I will update later when I've got a clearer plan. One thing is for sure-that overdraft is coming down this month!!!
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,096Posts Today

7,055Users online

Martin's Twitter