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  • FIRST POST
    • Lilith1980
    • By Lilith1980 28th Jan 18, 11:56 AM
    • 1,913Posts
    • 5,500Thanks
    Lilith1980
    Let's do this!
    • #1
    • 28th Jan 18, 11:56 AM
    Let's do this! 28th Jan 18 at 11:56 AM
    Hi everyone

    I've been a member on the forums for some years, but not been active for a long time. I really want to get myself out of debt and feel that keeping a diary will keep me accountable so I came over here

    My debt has accrued since my 20s where I think I bought things to fill a void without being able to pay them back. I've been a bit of a "I need to have it now otherwise I'll never be able to have it!" type person. It's only recently (I'm now 37!) that I've been able to give myself a talking to and say if I don't have the spare cash then it can't go on my cards. I'm spending far too much on minimum payments which could go towards holidays and treats etc.

    Dealing with my debt has also been difficult as I've been a been a student for about eight years so paying the fees has come first, although for my latest (and final!) course I had to pay for some of the fees on my credit card. Not ideal by any means but the career opportunities and salary will enable me to pay off more towards my debts.

    I'm studying a doctorate and will be doing my viva in March 2018. A few months' ago I got a new job on the understanding that I would be qualifying in my profession shortly. Once my viva is passed (assuming I don't totally botch it!) I'll be qualified and my salary will increase to a level where I can pay £200-£200 per month extra off of my debts.

    But it's not just the salary increase which will help. My whole mindset has to change and I hope that by keeping this diary it will help motivate me to keep going and wipe this debt off for good! I'll post my numbers in the next post.

    I look forward to "meeting" you all. Please feel free to chip in with money saving ideas or other ways to reduce debt as I'm aware there are wiser souls here than myself
    My debt-free diary
Page 22
    • Seasidegal58
    • By Seasidegal58 13th Oct 18, 10:06 AM
    • 2,195 Posts
    • 13,634 Thanks
    Seasidegal58
    Perhaps try and put a little away for an emergency fund for those awkward expenses that crop up from time to time.

    As Cumbria said, it'll all work out.
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 08/10/2018: £1,719.39
    MONTHS TO RETIREMENT: 31
    My diary: “Paid off the £31,0000! BUT- still scrimping!”
    • Lilith1980
    • By Lilith1980 13th Oct 18, 3:30 PM
    • 1,913 Posts
    • 5,500 Thanks
    Lilith1980
    Perhaps try and put a little away for an emergency fund for those awkward expenses that crop up from time to time.

    As Cumbria said, it'll all work out.
    Originally posted by Seasidegal58
    Thanks SSG, yeah I need to be better at the emergency fund. I'm sure it'll be okay, I just need to stop worrying!
    My debt-free diary
    • Lilith1980
    • By Lilith1980 16th Oct 18, 5:01 AM
    • 1,913 Posts
    • 5,500 Thanks
    Lilith1980
    I've been figuring out that if I start drawing money from the business to pay off my debts, I can pay an extra £150 off approx per month, which would make a real dent after a year. SO from October I'm going to start doing this. We have enough of a reserve in the account to be able to pay the room rent for a good few months if all our clients suddenly disappeared.

    I heard yesterday that some man has been wandering around our local area (right near me) early in the morning doing things to himself you shouldn't do in public. A woman reported it. I normally take the pooch out at that time, but hubby said he'd come with me now. I like to think I'm tough but if I was faced with that I think it might scare me. I got home about 8pm last night and I'm annoyed that I now feel wary being out when it's dark
    My debt-free diary
    • Munchin
    • By Munchin 21st Oct 18, 11:24 AM
    • 2,417 Posts
    • 7,487 Thanks
    Munchin
    Hi Lilith

    Why on earth do people do these mad things? I can’t work out what it gives them to upset people. We had a few incidents in our town last year where some man lashed out at women on their own. Nothing has happened for a year but I was really cautious going out on my own and you are right to take hubby with you.

    Love your idea of throwing more at the debt
    • Lilith1980
    • By Lilith1980 21st Oct 18, 4:23 PM
    • 1,913 Posts
    • 5,500 Thanks
    Lilith1980
    Hi Lilith

    Why on earth do people do these mad things? I can’t work out what it gives them to upset people. We had a few incidents in our town last year where some man lashed out at women on their own. Nothing has happened for a year but I was really cautious going out on my own and you are right to take hubby with you.

    Love your idea of throwing more at the debt
    Originally posted by Munchin
    Thanks Munchin. We had something else happen a few days' later where a teenage girl was slashed with a knife by a teenage boy.I came home one evening last week and there were police and ambulances! I think the girl was okay. Lived here 5 years and never heard about any trouble really, now it all seems to have hit at once
    My debt-free diary
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