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  • FIRST POST
    • pidge04
    • By pidge04 26th Mar 18, 6:18 PM
    • 201Posts
    • 260Thanks
    pidge04
    I want to believe I can do this!
    • #1
    • 26th Mar 18, 6:18 PM
    I want to believe I can do this! 26th Mar 18 at 6:18 PM
    Is this how I start a diary? I don't know whether anyone would want to read it but I hope it will keep me focussed and on track to becoming debt free. I am inspired by the diaries I've read here and would welcome advice when I get started.
Page 5
    • enthusiasticsaver
    • By enthusiasticsaver 8th May 18, 10:56 AM
    • 6,732 Posts
    • 14,322 Thanks
    enthusiasticsaver
    Good news on the PPI payment and pay rise.

    A few comments. Saying yes to things you cannot afford probably contributed to your current debt so don't be afraid to say no you cannot afford it to husband or people requesting sponsorship. There will always be calls on your money but once the debt is repaid and you are in a better situation that is your call.

    Don't consolidate. It makes things worse and if your credit history is not good and you are over committed you won't get a good rate anyway. Targeting the Barclaycard and overdrafts should be your priority as I am sure that £9 per month barely covers charges. At some point when the debt is lower apply for a money transfer cards, pay them off then cancel the overdrafts.

    Tell your husband you cannot spend weekends or maybe go out one weekend each month and do free things. Car boot sale to sell stuff maybe or spend time in the garden, local park or just go for a walk locally taking your own picnic from home.
    Debt free and mortgage free and early retiree. Living the dream

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages and Endowments, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • pidge04
    • By pidge04 8th May 18, 5:48 PM
    • 201 Posts
    • 260 Thanks
    pidge04
    I paid £14 in coins off one of my credit cards so it is now at £2599.

    I will start an envelope to raise £12 in coins next.
    CC1 £2400/£954 CC2 £3000/£2389 CC3 £600/£523 LOAN £13,000/£5462
    • pidge04
    • By pidge04 8th May 18, 9:47 PM
    • 201 Posts
    • 260 Thanks
    pidge04
    Good news on the PPI payment and pay rise.

    A few comments. Saying yes to things you cannot afford probably contributed to your current debt so don't be afraid to say no you cannot afford it to husband or people requesting sponsorship. There will always be calls on your money but once the debt is repaid and you are in a better situation that is your call.

    Don't consolidate. It makes things worse and if your credit history is not good and you are over committed you won't get a good rate anyway. Targeting the Barclaycard and overdrafts should be your priority as I am sure that £9 per month barely covers charges. At some point when the debt is lower apply for a money transfer cards, pay them off then cancel the overdrafts.

    Tell your husband you cannot spend weekends or maybe go out one weekend each month and do free things. Car boot sale to sell stuff maybe or spend time in the garden, local park or just go for a walk locally taking your own picnic from home.
    Originally posted by enthusiasticsaver
    Thank you for your comments. You are right - if I cannot afford to sponsor someone at the moment, then that is the fact of the matter and something I have to live with. This hopefully will not last forever and one day I may well be in a position when I can sponsor my friends again. You are absolutely right. That is a case of I just have to lump it. I cannot afford it at the moment.

    I am going to try REALLY hard to avoid consolidating again. I really want to break that cycle for good. I have sent off an application tonight for extra work over the summer which could possibly bring in a thousand pounds which I would use to pay my Barclaycard with. I spent money I did not have and now I need to work to pay for it.

    Unfortunately the Barclaycard has an APR of 25%. So high. My overdrafts cost £9 each a month. So £18. My plan is to tackle them with some freelance work I have in the pipeline.

    My husband very much likes doing free outdoor things like walks in the woods, parks, time on the beach so I can suggest those things over expensive day trips. Every now and again, he likes to go to London but I do need to budget for such things.

    Thank you for your comments and giving me food for thought.
    CC1 £2400/£954 CC2 £3000/£2389 CC3 £600/£523 LOAN £13,000/£5462
    • pidge04
    • By pidge04 8th May 18, 9:52 PM
    • 201 Posts
    • 260 Thanks
    pidge04
    I am going to pay £600 off my Barclaycard when the PPI cheque clears.
    Then if I can work this summer, that will be a £1000 off.
    This debt should be paid off by November!
    That would be wonderful.
    CC1 £2400/£954 CC2 £3000/£2389 CC3 £600/£523 LOAN £13,000/£5462
    • pidge04
    • By pidge04 10th May 18, 5:05 PM
    • 201 Posts
    • 260 Thanks
    pidge04
    Today is one of those days when I feel like I am doing nothing to reduce my debt.
    Iím waiting for the PPI cheque to clear and then I will pay it off my Barclaycard.
    Got an eBay auction ending in a couple of days.
    Waiting for the application pack to come through the post for summer work.
    Have booked my car service and contacted the car dealer to get quotes for a cheaper deal (5,000 miles rather than the 12,000 Iíve had for the past 3 years).
    So I am moving forward hopefully.
    Hope youíre all well.
    CC1 £2400/£954 CC2 £3000/£2389 CC3 £600/£523 LOAN £13,000/£5462
    • pidge04
    • By pidge04 11th May 18, 7:52 PM
    • 201 Posts
    • 260 Thanks
    pidge04
    I sold a book on EBay for £1.50.

    I drove to Poundland (10 min drive) to buy 3 x post bags for £1.

    Also bought some toothpaste in there for my daughter.

    So, spent £2.

    Drove to the post office.

    Need to make sure thereís money in my Paypal account for the eBay fee next month.

    What a ludicrous situation to be in! I suppose all these little sales will add up over time though.

    I have listed some more bits tonight.
    CC1 £2400/£954 CC2 £3000/£2389 CC3 £600/£523 LOAN £13,000/£5462
    • pidge04
    • By pidge04 11th May 18, 8:04 PM
    • 201 Posts
    • 260 Thanks
    pidge04
    I bought 2 sticker books for birthday presents - buy 1 get 1 free so I stuck to my budget of £5 each.
    CC1 £2400/£954 CC2 £3000/£2389 CC3 £600/£523 LOAN £13,000/£5462
    • pidge04
    • By pidge04 12th May 18, 5:35 AM
    • 201 Posts
    • 260 Thanks
    pidge04
    The PPI cheque has cleared so I have paid off £600 of my Barclaycard and I have put £200 in my savings for my car service.

    Seeing the Barclaycard debt go down to under £2000 will spur me on to do some more selling hopefully.
    CC1 £2400/£954 CC2 £3000/£2389 CC3 £600/£523 LOAN £13,000/£5462
    • Chrystal
    • By Chrystal 12th May 18, 1:23 PM
    • 327 Posts
    • 2,091 Thanks
    Chrystal
    Great news!

    Now get selling and enjoy seeing it go down even more.
    GC. Oct.17 = £261.18/ £300 = + £38.82 NSDs 20/31
    GC. Sept.17 = £354.89/£300 = - £54.39

    • pidge04
    • By pidge04 12th May 18, 3:25 PM
    • 201 Posts
    • 260 Thanks
    pidge04
    Yes, Chrystal!

    I have 19 items listed now on eBay.

    Feels great to clear some clutter!

    Have £14 from Facebook sales today!

    Going to get to the bank tomorrow morning to deposit it!
    CC1 £2400/£954 CC2 £3000/£2389 CC3 £600/£523 LOAN £13,000/£5462
    • pidge04
    • By pidge04 13th May 18, 2:32 PM
    • 201 Posts
    • 260 Thanks
    pidge04
    I found a purse full of 2p coins and 1p coins earlier.
    Took them plus £8 I made from Facebook sales yesterday to the bank this morning.
    Have paid £10 off credit card. Not a lot but better than nothing.
    CC1 £2400/£954 CC2 £3000/£2389 CC3 £600/£523 LOAN £13,000/£5462
    • pidge04
    • By pidge04 13th May 18, 5:35 PM
    • 201 Posts
    • 260 Thanks
    pidge04
    Washing machine has broken.

    I now have to pay £25 a month for 6 months.
    CC1 £2400/£954 CC2 £3000/£2389 CC3 £600/£523 LOAN £13,000/£5462
    • pidge04
    • By pidge04 13th May 18, 6:19 PM
    • 201 Posts
    • 260 Thanks
    pidge04
    I found 5p on the pavement and so I start my next envelope challenge to raise £10!
    CC1 £2400/£954 CC2 £3000/£2389 CC3 £600/£523 LOAN £13,000/£5462
    • pidge04
    • By pidge04 14th May 18, 7:17 AM
    • 201 Posts
    • 260 Thanks
    pidge04
    I have got 25 items listed on eBay now.

    12 days until pay day.

    My husband has been approached about a new job - waiting to hear about the salary. If he earns more, I think I could reduce the amount I pay into the bills/rent pot which would leave more money to break the debt. Fingers crossed.
    CC1 £2400/£954 CC2 £3000/£2389 CC3 £600/£523 LOAN £13,000/£5462
    • pidge04
    • By pidge04 14th May 18, 8:33 PM
    • 201 Posts
    • 260 Thanks
    pidge04
    £26 from 3 sales on eBay. So pleased.

    I will need to pay the money into my current account not on my debt.

    When I got home tonight, I had a piece of mail from my bank, advertising loans. I have not had anything like that for ages. I am going to prove them wrong this time. No consolidation loan this time. I am going to break my cycle.
    CC1 £2400/£954 CC2 £3000/£2389 CC3 £600/£523 LOAN £13,000/£5462
    • pidge04
    • By pidge04 15th May 18, 6:12 PM
    • 201 Posts
    • 260 Thanks
    pidge04
    2 more party invitations this week.

    I just phoned the bank to see whether I can lower the Interest. They said no. It is fixed upon application. But I have read diaries on here where banks have lowered the interest. Is this really possible?
    CC1 £2400/£954 CC2 £3000/£2389 CC3 £600/£523 LOAN £13,000/£5462
    • pidge04
    • By pidge04 16th May 18, 12:18 AM
    • 201 Posts
    • 260 Thanks
    pidge04
    Nope, feeling like this is all a bit hopeless again.
    Next month is looking expensive with the car service, Father!!!8217;s Day plus other things. I have £200 towards my car service.
    I think I can probably pay off my Barclaycard this year, largely due to the money I will earn in the summer.
    The other one though...I need to get an extra job at the weekends through autumn and winter to hammer away at that one.
    CC1 £2400/£954 CC2 £3000/£2389 CC3 £600/£523 LOAN £13,000/£5462
    • enthusiasticsaver
    • By enthusiasticsaver 16th May 18, 9:17 PM
    • 6,732 Posts
    • 14,322 Thanks
    enthusiasticsaver
    Don't splurge on Fathers day. Get your son to make your DH a nice card and get him a small thoughtful present.

    You are doing well on getting that Barclaycard down and I think getting a weekend job is a good idea if that is the time you tend to spend money. Has the advantage of not only raising more money to repay the debt quicker but also stops you spending.

    I still cannot help thinking it is unfair that your husband earns more than £500 a month more than you and you both pay the same amount towards bills. Hopefully if he gets this new job you can reduce your monthly payment.

    Glad you decided not to consolidate. Try not to put all your spare money towards debt as having emergency savings is also important although I agree if you are still paying 25% to Barclaycard then this should take priority.

    You are doing really well considering you have only recently started to address the debt. You will soon be less than £10k so massive improvement.
    Debt free and mortgage free and early retiree. Living the dream

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages and Endowments, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • pidge04
    • By pidge04 16th May 18, 10:05 PM
    • 201 Posts
    • 260 Thanks
    pidge04
    Don't splurge on Fathers day. Get your son to make your DH a nice card and get him a small thoughtful present.

    You are doing well on getting that Barclaycard down and I think getting a weekend job is a good idea if that is the time you tend to spend money. Has the advantage of not only raising more money to repay the debt quicker but also stops you spending.

    I still cannot help thinking it is unfair that your husband earns more than £500 a month more than you and you both pay the same amount towards bills. Hopefully if he gets this new job you can reduce your monthly payment.

    Glad you decided not to consolidate. Try not to put all your spare money towards debt as having emergency savings is also important although I agree if you are still paying 25% to Barclaycard then this should take priority.

    You are doing really well considering you have only recently started to address the debt. You will soon be less than £10k so massive improvement.
    Originally posted by enthusiasticsaver
    Thank you.

    I have just written to Barclaycard to see whether they would consider reducing the interest rate.

    Fortunately, my husband is not into presents at all and I do not want to teach my daughter that she needs to buy something for either of us for Mother's Day or Father's Day. I feel that you show your love by making breakfast in bed for someone and making a card. I picked up a card for my Father in a shop and she said to me 'I am going to make one for Daddy.' I felt very proud.

    There will be an expectation, however, that I treat him for lunch or something. I absolutely cannot afford to do that. I shall make a picnic for the 3 of us from things at home. He loves picnics.

    The expense of Father's Day will come from my family. They are buyers of presents although I know that they would not like it if I spent a lot of money. I think I will buy a small gift and write a thoughtful message in a card. I know he would really appreciate that.

    To be honest, I struggled for years with the whole splitting the bills right down the middle. Especially when there was a period when he was earning £800 a month more than I was and I was REALLY struggling. It stemmed from when we both worked full time but for the last 7 years I have worked part-time because of our daughter. He has paid for all the food this month. He paid for a prescription for me the other week. There would have been a time when I would have given him the money but I just said thank you this time. We have never been a 'team' unfortunately in anything. We should have gone our separate ways years ago but we have settled into a warmish friendship.

    I can't wait to break the 10K mark....
    CC1 £2400/£954 CC2 £3000/£2389 CC3 £600/£523 LOAN £13,000/£5462
    • pidge04
    • By pidge04 16th May 18, 10:09 PM
    • 201 Posts
    • 260 Thanks
    pidge04
    It should be in August that I will break the 10K mark.
    CC1 £2400/£954 CC2 £3000/£2389 CC3 £600/£523 LOAN £13,000/£5462
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