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  • FIRST POST
    • crunch_time
    • By crunch_time 16th Jun 18, 11:12 AM
    • 1,233Posts
    • 3,868Thanks
    crunch_time
    Crunchy's Final Debt Free Diary!
    • #1
    • 16th Jun 18, 11:12 AM
    Crunchy's Final Debt Free Diary! 16th Jun 18 at 11:12 AM
    Hello everyone!

    Yesterday I celebrated 4 years of keeping a diary on here!

    So much has changed in that time. We have moved house twice, welcomed our daughter into the family and paid down a whole lot of debt and also racked up a whole lot more.

    Last year we managed to pay off around £12k of a loan in about 5-6 months and a year ago we had only £2800 left to go. We then decided to move and at the same time I quit a job I hated to do a course and I'm now about to set up a business doing something that I love.

    Moving house and living off one income has meant that we are now around £13k in debt again. I no longer feel guilty about it I just want to pay it off as soon as possible in a sustainable way that has little impact on our current living standards (we are quite frugal but could def improve).

    I'm calling this the final diary as I really mean it. This is my 5 diary I think in 4 years and we want to get our lifestyle nailed once and for all so we don't have to do this again and can move onto tackling our HUGE mortgage!

    I look forward to this challenge and hope that you will join me!

    Crunchy x
    1/1/2019 Credit card debt = £17,955 now £15,550
    Husbands Virgin Card = £8780 now £7560
    My Virgin Card =£3256 now £3200
    My HSBC card =£5,919 now £4790
    Overdraft = £1700/£1650
    Holiday balance £5200/£3200
Page 10
    • crunch_time
    • By crunch_time 11th Apr 19, 6:36 AM
    • 1,233 Posts
    • 3,868 Thanks
    crunch_time
    Morning all

    Have paid £100 off husbands credit card, finally.

    Also - he has said that the budget lists on the fridge help him - yay!!

    Which is a good thing because I cancelled the YNAB sub yesterday.

    Car insurance renewal has come in about £1.50 cheaper. Some of husbands points have come off but mine are still on there for another year. Will do a comparison in the next few days to see if I can get it any cheaper.

    Run in with a family member has left me feeling very low and I have been ‘buffering’ with beer and sweet treats. Which hasn’t helped our budget. But at least it hasn’t been anything stronger!! Every cloud. Determined to get refocused.

    Crunch x
    1/1/2019 Credit card debt = £17,955 now £15,550
    Husbands Virgin Card = £8780 now £7560
    My Virgin Card =£3256 now £3200
    My HSBC card =£5,919 now £4790
    Overdraft = £1700/£1650
    Holiday balance £5200/£3200
    • ohshithowdidthathappen
    • By ohshithowdidthathappen 11th Apr 19, 8:57 PM
    • 74 Posts
    • 262 Thanks
    ohshithowdidthathappen
    You are doing sIao well... I love the fact that you've got a lovely big holiday to look forward to, but are still chipping away at the debt on the side.

    It's sad about your friends, but a reminder of how fragile a lot of peoples' finances are. I can't remember the exact statistic, but I read somewhere that the average Briton is only 3 months away from homelessness if the worst case scenario happened (or something like that).
    Virgin £238/£11829 2% paid... Tesco £141/£7064 2% paid.... John Lewis £3000/3000 100% paid Next £500/500 100% paid Folks £550/£23000 23% paid.
    Total unsecured debt: £9173/£45393 20% paid. Current total debt is £36220
    Start date 01/01/19 Official DFD 08/22, hoping for 03/21 instead
    • Homegrown0
    • By Homegrown0 12th Apr 19, 9:41 AM
    • 877 Posts
    • 4,805 Thanks
    Homegrown0
    Sorry to hear about your family run in Crunchy, and about your friends who are in a precarious position financially. It really is a scary thought!

    Glad the physical budget on the fridge is helping
    Sealed Pot Challenge 075
    Pay off by Xmas 2019 #02 - target £10,000
    • crunch_time
    • By crunch_time 17th Apr 19, 8:30 AM
    • 1,233 Posts
    • 3,868 Thanks
    crunch_time
    Morning all

    Thanks for your comments! Still ticking along here. I've been thinking a lot about debt since the family situation and the friend situation.

    After the family thing, I felt like a weight had been lifted from me emotionally and I have been feeling good about myself ever since. Its a complicated and emotional situation of which heavy guilt on my part was a huge factor. I'm refusing to feel that way now hence the release. Perhaps now I will feel more comfortable being myself and not who I am 'supposed to be.' I don't think the debt has accrued from years of trying to feel better about myself but perhaps accepting things as they are will help me to release pent up feelings and take charge of my emotions and turn things around.

    Sorry, that sounds very cryptic but I needed to get it off my chest.

    So I have been rethinking a few things and decided to not include the car or the mattress in the debt totals. In an ideal world, we would save up for such large purchases first and then but them with cash but I am no longer going to feel guilty for not being in the perfect situation - life is too short. Long term things like furniture and cars from now on it is ok to have them on finance. We pay £10 a month off the mattress (currently £740) and £226 a month off the car. We may overpay them in the future but for now, they are ok as they are.

    I just feel like I want to be 'normal' for a bit and accept where I am.

    Crunchy x
    1/1/2019 Credit card debt = £17,955 now £15,550
    Husbands Virgin Card = £8780 now £7560
    My Virgin Card =£3256 now £3200
    My HSBC card =£5,919 now £4790
    Overdraft = £1700/£1650
    Holiday balance £5200/£3200
    • Homegrown0
    • By Homegrown0 17th Apr 19, 10:17 AM
    • 877 Posts
    • 4,805 Thanks
    Homegrown0
    Hi Crunch, it's always a struggle to balance but just keep tweaking your approach to see what works for you. Glad you managed to get your family/ friends worries off your chest. That's what the diary is here for after all!

    I don't include car finance in my debt totals either- I don't actually see it as debt (rightly or wrongly?). I treat mine as an ongoing bill. Whatever works for you
    Sealed Pot Challenge 075
    Pay off by Xmas 2019 #02 - target £10,000
    • Nicnak
    • By Nicnak 17th Apr 19, 11:14 AM
    • 2,067 Posts
    • 12,197 Thanks
    Nicnak
    That's a really interesting thing for me as well. If I take off my car and what it has in equity, then I would halve my debt. I have never looked at it this way before.

    Do what works for you. xx
    September 6th 2017 - Updated February 2019
    Credit Card £0 now: £0 Dad £1500 = £200 Consolidation £15,000 = £9,760 Total = £25,330 £9,960 61% gone EMF #252 = £100/£1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • crunch_time
    • By crunch_time 18th Apr 19, 6:44 AM
    • 1,233 Posts
    • 3,868 Thanks
    crunch_time
    Hi Crunch, it's always a struggle to balance but just keep tweaking your approach to see what works for you. Glad you managed to get your family/ friends worries off your chest. That's what the diary is here for after all!

    I don't include car finance in my debt totals either- I don't actually see it as debt (rightly or wrongly?). I treat mine as an ongoing bill. Whatever works for you
    Originally posted by Homegrown0
    That's a good way of looking at it. I used to think of it the same when it was a pcp but now we bought it with a loan and plan to overpay it at some point, I guess I have included it in the debt. I'm going to take it out for now as we are not actively thinking about it.
    1/1/2019 Credit card debt = £17,955 now £15,550
    Husbands Virgin Card = £8780 now £7560
    My Virgin Card =£3256 now £3200
    My HSBC card =£5,919 now £4790
    Overdraft = £1700/£1650
    Holiday balance £5200/£3200
    • crunch_time
    • By crunch_time 18th Apr 19, 6:45 AM
    • 1,233 Posts
    • 3,868 Thanks
    crunch_time
    That's a really interesting thing for me as well. If I take off my car and what it has in equity, then I would halve my debt. I have never looked at it this way before.

    Do what works for you. xx
    Originally posted by Nicnak
    thank you x
    1/1/2019 Credit card debt = £17,955 now £15,550
    Husbands Virgin Card = £8780 now £7560
    My Virgin Card =£3256 now £3200
    My HSBC card =£5,919 now £4790
    Overdraft = £1700/£1650
    Holiday balance £5200/£3200
    • crunch_time
    • By crunch_time 18th Apr 19, 7:07 AM
    • 1,233 Posts
    • 3,868 Thanks
    crunch_time
    Morning all

    Payday today! I've already shuffled the money into the holiday pot. It now stands at £2300. This weekend we shall pay that amount off the balance and then in mid-May when the rest of the balance is due, we will put £2900 on my credit card. I will then pay this down by £1100 a few days later when I get paid. Very exciting times!!

    The other debt I am thinking of ruling out is the £2360 we spent on turf, wood and other bits including some furniture. Currently, the £100 a month for the husbands credit card is going towards this and it will be paid off in 2 years and is somewhat to do with the value of the house so could be taken off the equity.

    I guess what I am trying to do is give us a break and stop beating us up for things. I want to concentrate on the overspending part of the debt and not the things that we couldn't control. I'll give it some more thought.

    Anyway, I also paid off £100 from the 'holidays from 2017' section of the debt bringing it to £400!! And I put £210 into an account to pay for school club for the next month.

    There wasn't much left after that.

    We haven't got much money to see us over the Easter weekend unfortunatley and holding our breath until husbands pay day next Friday.

    Crunch xx
    1/1/2019 Credit card debt = £17,955 now £15,550
    Husbands Virgin Card = £8780 now £7560
    My Virgin Card =£3256 now £3200
    My HSBC card =£5,919 now £4790
    Overdraft = £1700/£1650
    Holiday balance £5200/£3200
    • Homegrown0
    • By Homegrown0 18th Apr 19, 8:46 AM
    • 877 Posts
    • 4,805 Thanks
    Homegrown0
    From what I've read in your diary, the 'big debt total' seems to overwhelm you and demotivate you. Is it worthwhile you picking one 'debt' and focusing on that? Letting all the others tide along with whatever standard payments you've set up but only review and overpay on one so that you only concentrate on the total of that one debt, overpay to that one debt and see the numbers come down nicely? Once that's done, you can move onto the next debt and do the same.

    It's obviously good to keep an overview of everything but looking at the 'big total' every day and not seeing the numbers change a lot can be overwhelming.

    It was for me when I began my road to being debt-free, but now that i'm getting closer to the end, it seems a lot more manageable (i.e. seeing 13k left instead of the 27k or something it was when we started).

    Just my tuppence worth - feel free to ignore
    Sealed Pot Challenge 075
    Pay off by Xmas 2019 #02 - target £10,000
    • Seasidegal58
    • By Seasidegal58 18th Apr 19, 4:21 PM
    • 2,910 Posts
    • 18,389 Thanks
    Seasidegal58
    Hi crunchy - I think Homegrown's idea on focusing on one big debt at a time may really work for you. Why don't you give it a try?

    Sorry to hear about your family and friend situations but you seem a lot more positive now.

    Have a good Easter.
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    MONTHS TO RETIREMENT: 24
    My diary: “Paid off the £31,000! BUT- still scrimping!”
    • crunch_time
    • By crunch_time 19th Apr 19, 12:37 PM
    • 1,233 Posts
    • 3,868 Thanks
    crunch_time
    It is overwhelming. But I have to accept that we chose to have a big holiday this year and that needs to be paid for. I'm just impatient - husband tells me this as well.

    We sort of are focusing on one debt at a time at the moment. With our minimum payments - husband's £100 is focusing on the house stuff as I mentioned above and my £100 is focusing on the holidays from 2017 that we booked before we decided to panic move that summer as well.

    The overdraft is what it is until September at least and my other two credit cards are just token payments. Any extra money we have is soon swallowed up by decorating the house or trying to keep children fed, clothed, educated and entertained.

    We are done with house stuff now until after the holiday and focusing on getting fit for it. Both of us are working out at home. I'm going to have to invest in some bits for my working wardrobe this summer as I don't have much from not working last year. We will also need to buy some holiday bits.

    I guess its the balance between all these goals that matter. For the next 17 weeks until our holiday we are aiming to spend as little as possible on anything other than paying off the holiday, investing in summer wardrobe bits and holiday stuff.

    And I promise I shall focus on this and make a goal for what happens afterwards, when we get back.

    Crunchy x
    1/1/2019 Credit card debt = £17,955 now £15,550
    Husbands Virgin Card = £8780 now £7560
    My Virgin Card =£3256 now £3200
    My HSBC card =£5,919 now £4790
    Overdraft = £1700/£1650
    Holiday balance £5200/£3200
    • crunch_time
    • By crunch_time 20th Apr 19, 6:43 AM
    • 1,233 Posts
    • 3,868 Thanks
    crunch_time
    Morning all.

    NSD yesterday!! Today we are going to the cinema but will not buy snacks there. We will prob have to buy a boots lunch too.

    It looks like we are having a bbq tomorrow. I’ve done my fitness pal for a week now and lost 2 lbs so I steered the husband clear of a roast. Going to go for boba chicken.

    Monday we are going to have a big sort out of the children’s bedrooms so should be another NSD then. And tomorrow I am proposing a dog walk with free parking.

    NSDs and low calorie days are the way forward.

    Roll on husbands pay day on Friday!!

    Crunch x
    1/1/2019 Credit card debt = £17,955 now £15,550
    Husbands Virgin Card = £8780 now £7560
    My Virgin Card =£3256 now £3200
    My HSBC card =£5,919 now £4790
    Overdraft = £1700/£1650
    Holiday balance £5200/£3200
    • Nicnak
    • By Nicnak 28th Apr 19, 6:22 AM
    • 2,067 Posts
    • 12,197 Thanks
    Nicnak
    How was the NSD and low calorie days? Hope it worked out for you. xx
    September 6th 2017 - Updated February 2019
    Credit Card £0 now: £0 Dad £1500 = £200 Consolidation £15,000 = £9,760 Total = £25,330 £9,960 61% gone EMF #252 = £100/£1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • Seasidegal58
    • By Seasidegal58 30th Apr 19, 11:42 AM
    • 2,910 Posts
    • 18,389 Thanks
    Seasidegal58
    Yes - hope the NSDs and low cal days are on track. How did the children's clear-up go? Did you end up with anything you could put on ebay?


    Have a good week!
    x
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    MONTHS TO RETIREMENT: 24
    My diary: “Paid off the £31,000! BUT- still scrimping!”
    • crunch_time
    • By crunch_time 7th May 19, 3:48 PM
    • 1,233 Posts
    • 3,868 Thanks
    crunch_time
    Afternoon all

    So far so good I have lost 6 lbs! I want to lose another 1lb a week until we go away. Had a little blip last week as it was my first time working more than 3 days a week in about 7 years and boy was I tired so resorted to a bottle of wine on Friday night - but it's out of my system now and Im so determined to shift this weight and stick to the money diet too.

    I don't really have time anymore for ebay so give everything to charity. I stopped my charity contributions when I gave up work last year so this is my way of giving until I can start up regular contributions again.

    Its another 5 week month so we shall probably be limping to the finish line again. Some food purchases ended up on credit cards last month and I am currently paying them off with overbudgeted childcare money when it is available. I should get a bumper pay packet in two weeks time as it will be my first for 4 days a week and will contain some money for days in April that I wouldnt have been paid for in April so it should even itself out then.

    Husband and I have disappeared off the radar with socialising for the time being and not seeking out any time with friends. We are all about work and spending time with the small people. We are trying hard to not have any spends during the week and do minimal stuff at the weekend. Its hard, but necessary.

    Issue with family member has made me rethink a LOT of stuff and weirdly a lot of my attitude to finances has come from this relationship historically. Im currently trying to unpick how I feel but I think I have been waaaaaaay to harsh on myself in the recent past.

    So I'm feeling more like myself and a lot more free from the ideals that have constrained me. Sorry if thats all a bit cryptic - probably the most ill say other than I feel like I have created a persona for myself which isnt me and now I am breaking away from that which is releasing a lot of negative feelings and attitudes - including that about money.

    Oh! We paid the £2300 off the holiday last night! And then put the remaining balance £2996 - on my credit card - to be paid off in 3 equal installments of £1000 each in the 3 months before we go.

    Did I mention that I am still paying off Center Parcs from 2017? Ha ha! £400 to go on that one! So yes it is going to feel incredible to have paid off such an expensive holiday before we actually go!!

    Crunch xx
    1/1/2019 Credit card debt = £17,955 now £15,550
    Husbands Virgin Card = £8780 now £7560
    My Virgin Card =£3256 now £3200
    My HSBC card =£5,919 now £4790
    Overdraft = £1700/£1650
    Holiday balance £5200/£3200
    • Seasidegal58
    • By Seasidegal58 10th May 19, 1:12 PM
    • 2,910 Posts
    • 18,389 Thanks
    Seasidegal58
    All going in the right direction and here's to the new crunchy!
    That's a great chunk off the holiday as well!
    x
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    MONTHS TO RETIREMENT: 24
    My diary: “Paid off the £31,000! BUT- still scrimping!”
    • crunch_time
    • By crunch_time 17th May 19, 5:46 AM
    • 1,233 Posts
    • 3,868 Thanks
    crunch_time
    Morning all!

    Payday today!!

    £1000 off the holiday only £2000 to go.

    Crunchy xx
    1/1/2019 Credit card debt = £17,955 now £15,550
    Husbands Virgin Card = £8780 now £7560
    My Virgin Card =£3256 now £3200
    My HSBC card =£5,919 now £4790
    Overdraft = £1700/£1650
    Holiday balance £5200/£3200
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