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  • FIRST POST
    • bytheseas
    • By bytheseas 8th Apr 18, 10:47 AM
    • 22Posts
    • 18Thanks
    bytheseas
    Debt Free in 15 years.
    • #1
    • 8th Apr 18, 10:47 AM
    Debt Free in 15 years. 8th Apr 18 at 10:47 AM
    Right all.

    I have been inspired to get myself debt free after seeing all the positive progress logs and diaries.
    I signed up just to have a little moan about my current situation but now I'm determined to never be in it again, once it's cleared.

    Current debt (08/04/2018):

    Mortgage: 68,455.13.
    Student Loans: 18,954.88.
    Tax/accounting: 2873
    Total: 90283.01

    Goal: Debt free in 15 years.

    I have said 15 years as a realistic approach, based on my current financial situation.
    Ideally I would like to get this done much faster.

    Goal 1: Wipe that tax/accounting debt. I have around 750 per month currently going out to cover this. Once that's wiped I will be able to relax a little. Stop living hand to mouth and having to sell off items just to make it to the end of the month.

    However if I managed without that and more in previous months then I can certainly increase debt payment after.

    Goal 2: Save 1000 emergency fund.

    Goal 3: Setup a 200 a month mortgage over-payment.

    I'm not going to worry about the student loans too much. Mortgage interest is a lot higher. I will tackle this with minimum payments unless I hit my max 10% mortgage over payment for the year. Then I will consider some additional payments.

    Onward and upward!
    Last edited by bytheseas; 09-04-2018 at 8:54 AM.
    Starting Debt (08/04/2018):
    Mortgage: 68,455.13.
    Student Loans: 18,954.88.
    Tax/accounting: 2873
    Total: 90283.01
    Goal: Debt free in 15 years.
Page 1
    • bytheseas
    • By bytheseas 9th Apr 18, 11:09 AM
    • 22 Posts
    • 18 Thanks
    bytheseas
    • #2
    • 9th Apr 18, 11:09 AM
    • #2
    • 9th Apr 18, 11:09 AM
    So. Today is a good day. Logged into my online banking to find my council tax payment was 13 less than expected. Must be the final one of the tax year or something I guess?

    I got 10 off my mother yesterday for Easter and was going to give that to the ex for the 10 she lent me to cover the council tax coming out but I I can just transfer her 10 left in the bank.

    I've had very little food in for the last week so decided to use this 10 to top my stocks up. My daughter is at her mams all this week (Easter holidays are a different routine) so this week is going to be super cheap for food and petrol as I don't need to cook real meals or go anywhere other than work tomorrow, Saturday and Sunday.

    Cheap asda/aldi shop. I should have enough to last 2 weeks now.

    Petrol: 139 miles left in the tank. Certainly wont have to worry this week possibly next week or the week after when my daughter is back home and it's getting used up for pickups/drop offs and going out.

    Bank balance will be down to around 3 when I send that 10. Cash 34p.

    I have 120 left to come out in direct debits this month and 68 due to come in before they leave.

    Shortfall of 49 which I'm hoping eBay sales will cover or fingers crossed I will get some more work from the new business this month.
    Starting Debt (08/04/2018):
    Mortgage: 68,455.13.
    Student Loans: 18,954.88.
    Tax/accounting: 2873
    Total: 90283.01
    Goal: Debt free in 15 years.
    • ramblehan
    • By ramblehan 9th Apr 18, 11:52 AM
    • 566 Posts
    • 1,168 Thanks
    ramblehan
    • #3
    • 9th Apr 18, 11:52 AM
    • #3
    • 9th Apr 18, 11:52 AM
    Welcome. Great long term goal!
    Are you pretty good at budgeting / staying on track?
    01/03/18: 21,270 DFD: eek: December 2035
    2018 challenge - 114.71/3,670 (3.22%)
    Sign up for YNAB via my link if you fancy it - thank you!
    • bytheseas
    • By bytheseas 9th Apr 18, 12:05 PM
    • 22 Posts
    • 18 Thanks
    bytheseas
    • #4
    • 9th Apr 18, 12:05 PM
    • #4
    • 9th Apr 18, 12:05 PM
    Welcome. Great long term goal!
    Are you pretty good at budgeting / staying on track?
    Originally posted by ramblehan
    Thank you.

    Erm.. I'm not sure to be honest.

    I kind of force myself to be... I guess that's the best way to put it.

    At the moment I'm in payment plan which I knew would leave me struggling but will get the debt paid off faster. So I'm forced to be good with budgeting, I guess? Because I pay the debt first and then sort everything else afterwards.

    I will do the same going forward once I get this tax/accounting debt sorted. I will setup the additional saving funds and then additional mortgage payments to go out just after pay day and then make something work with the rest haha.
    Starting Debt (08/04/2018):
    Mortgage: 68,455.13.
    Student Loans: 18,954.88.
    Tax/accounting: 2873
    Total: 90283.01
    Goal: Debt free in 15 years.
    • beanielou
    • By beanielou 9th Apr 18, 9:32 PM
    • 52,817 Posts
    • 207,758 Thanks
    beanielou
    • #5
    • 9th Apr 18, 9:32 PM
    • #5
    • 9th Apr 18, 9:32 PM
    Once the tax/ accounting debt is gone things will be easier.
    Keep going
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • bytheseas
    • By bytheseas 10th Apr 18, 12:05 PM
    • 22 Posts
    • 18 Thanks
    bytheseas
    • #6
    • 10th Apr 18, 12:05 PM
    • #6
    • 10th Apr 18, 12:05 PM
    Once the tax/ accounting debt is gone things will be easier.
    Keep going
    Originally posted by beanielou
    Oh it certainly will! However, It's been a nice training exercise in saving money! Haha
    Starting Debt (08/04/2018):
    Mortgage: 68,455.13.
    Student Loans: 18,954.88.
    Tax/accounting: 2873
    Total: 90283.01
    Goal: Debt free in 15 years.
    • bytheseas
    • By bytheseas 10th Apr 18, 12:14 PM
    • 22 Posts
    • 18 Thanks
    bytheseas
    • #7
    • 10th Apr 18, 12:14 PM
    • #7
    • 10th Apr 18, 12:14 PM
    Today was.... is another good day.

    I have just finished prepping my Q1 2018 books to be handed over to the accountants. 1 less major thing to worry about (I hate anything to do with accounting)

    Also had a delivery a couple hours back! Noticed someone mention nectar points on here. Which reminded me of accepting an invitation from ebay to setup an account or something many years ago. Anyways, I checked it after digging through old emails and had enough points to exchange for a 17.50 ebay voucher. Well... I'm a crisp addict so thought I would treat myself. Yup... a couple store size boxes of crisps are now sitting on my dining table. Not even sorry. There's also a few pound left on my ebay voucher balance thingy.

    I'm going to cook myself some lunch after writing this. Left over chicken from yesterday mixed with pasta, onion and olive oil.

    Then 2 games to test and one store listing to setup an experiment on of my work to get sorted before 3pm as I start my part time job at 4pm and finish at 8.

    I will then come home, eat and sprawl out in from of Deadliest Catch.
    Starting Debt (08/04/2018):
    Mortgage: 68,455.13.
    Student Loans: 18,954.88.
    Tax/accounting: 2873
    Total: 90283.01
    Goal: Debt free in 15 years.
    • Dolly Rocker
    • By Dolly Rocker 10th Apr 18, 2:20 PM
    • 3,734 Posts
    • 10,673 Thanks
    Dolly Rocker
    • #8
    • 10th Apr 18, 2:20 PM
    • #8
    • 10th Apr 18, 2:20 PM
    That was a bonus with the ebay voucher.

    Yay to the crips, I am currently sitting her munching on some hula hoops - nom nom nom!

    Productive day for you.

    Hope work goes by in a flash for you and enjoy Deadliest Catch.

    Dxxx
    CWP start 16st2lbs, current 13st13lbs, lost 31lbs

    Debt start 6,649.97, current 5,950.00, paid 696.97

    17th April 2018 - I have 5 Nationwide Referrals available, PM me if you want 100 to switch accounts
    • bytheseas
    • By bytheseas 10th Apr 18, 2:50 PM
    • 22 Posts
    • 18 Thanks
    bytheseas
    • #9
    • 10th Apr 18, 2:50 PM
    • #9
    • 10th Apr 18, 2:50 PM
    That was a bonus with the ebay voucher.

    Yay to the crips, I am currently sitting her munching on some hula hoops - nom nom nom!

    Productive day for you.

    Hope work goes by in a flash for you and enjoy Deadliest Catch.

    Dxxx
    Originally posted by Dolly Rocker

    Thank you and good choice of crisps haha.
    Starting Debt (08/04/2018):
    Mortgage: 68,455.13.
    Student Loans: 18,954.88.
    Tax/accounting: 2873
    Total: 90283.01
    Goal: Debt free in 15 years.
    • bytheseas
    • By bytheseas 11th Apr 18, 3:09 PM
    • 22 Posts
    • 18 Thanks
    bytheseas
    Day 4 in the big brother house...

    All is well, but the housemates seem to be loosing the plot.

    Anyways. Another decent day, had a small job on this morning from the second business 30.
    I had to go to ASDA for dog food. Ended up getting a pack of doughnuts and some Dr Pepper too. Oh, well...

    Total spend 5.75
    I will keep the 4.25 as petty cash and bank the 20.
    So that bring this months shortfall for direct debits down to 29.

    Actually I sold 2 old games on ebay last night too. 5.20 sitting in the paypal account so total shortfall of 23.8.

    However I do need to go post these and 5 previous sales today so that shortfall will go back up shortly.

    Going to pop to the post office now that I've remembered. Get these sent off.

    Also 109 miles left in the petrol tank after today's job. Decent size return trip which hurt a little. But not as much as it helped!
    Starting Debt (08/04/2018):
    Mortgage: 68,455.13.
    Student Loans: 18,954.88.
    Tax/accounting: 2873
    Total: 90283.01
    Goal: Debt free in 15 years.
    • bytheseas
    • By bytheseas 11th Apr 18, 3:37 PM
    • 22 Posts
    • 18 Thanks
    bytheseas
    Seem to have lost the post office receipt already... But I remember her saying 8 something so lets just round up to - 9.

    Shortfall now at 32.80.
    Should be able to hit that, fingers crossed.

    Now I'm going to do a little more game testing. iOS version this time then take a little dog walk, cook. some tinder swiping, TV time, a little more work and then zzzzzzz.
    Starting Debt (08/04/2018):
    Mortgage: 68,455.13.
    Student Loans: 18,954.88.
    Tax/accounting: 2873
    Total: 90283.01
    Goal: Debt free in 15 years.
    • Dolly Rocker
    • By Dolly Rocker 11th Apr 18, 3:54 PM
    • 3,734 Posts
    • 10,673 Thanks
    Dolly Rocker
    Productive day for you.

    You will manage to get that shortfall up I am sure

    Mmmmmm doughnuts!

    Dxxx
    CWP start 16st2lbs, current 13st13lbs, lost 31lbs

    Debt start 6,649.97, current 5,950.00, paid 696.97

    17th April 2018 - I have 5 Nationwide Referrals available, PM me if you want 100 to switch accounts
    • bytheseas
    • By bytheseas 11th Apr 18, 6:33 PM
    • 22 Posts
    • 18 Thanks
    bytheseas
    Yeah, it's not a bad one this month.

    Wouldn't have even had a shortfall if it wasn't for 2 extra bills. Been here a year this month so had to renew my water rates and home insurance. Home insurance is paid for the year and water rates until October. So it's not too bad and it means I'm not adding to the direct debits paying them like that.
    Starting Debt (08/04/2018):
    Mortgage: 68,455.13.
    Student Loans: 18,954.88.
    Tax/accounting: 2873
    Total: 90283.01
    Goal: Debt free in 15 years.
    • Dolly Rocker
    • By Dolly Rocker 11th Apr 18, 6:44 PM
    • 3,734 Posts
    • 10,673 Thanks
    Dolly Rocker
    Hate when you get wee unexpected bills that come in.

    Better to do it that way rather than having additional monthly expenses.

    Dxxx
    CWP start 16st2lbs, current 13st13lbs, lost 31lbs

    Debt start 6,649.97, current 5,950.00, paid 696.97

    17th April 2018 - I have 5 Nationwide Referrals available, PM me if you want 100 to switch accounts
    • bytheseas
    • By bytheseas 12th Apr 18, 12:11 PM
    • 22 Posts
    • 18 Thanks
    bytheseas
    I'm not really feeling too human today.
    Everything is a bit fuzzy and I don't seem to have any motivation.

    Treat myself to haircut (5 petty cash) to see if that would make me feel more human. It didn't work, she was talking to me and I felt like I was drunk or something. I kept getting words and sentences mixed up and talking as if I was under the influence. Almost walked out a few times while waiting too from finding it hard to handle the noise of a woman with 2 kids who she didn't even try to control.

    Sat back down to do some work now but I just don't seem to be able to start.
    Looks like signs of stress are starting to show, can't say I'm surprised with the amount of time spend thinking about financial troubles haha.

    Think I'm going to have some lunch, watch a little TV and see if i can get the brain to switch off a little.
    Starting Debt (08/04/2018):
    Mortgage: 68,455.13.
    Student Loans: 18,954.88.
    Tax/accounting: 2873
    Total: 90283.01
    Goal: Debt free in 15 years.
    • Dolly Rocker
    • By Dolly Rocker 16th Apr 18, 12:03 PM
    • 3,734 Posts
    • 10,673 Thanks
    Dolly Rocker
    How you feeling today?

    Dxxx
    CWP start 16st2lbs, current 13st13lbs, lost 31lbs

    Debt start 6,649.97, current 5,950.00, paid 696.97

    17th April 2018 - I have 5 Nationwide Referrals available, PM me if you want 100 to switch accounts
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