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  • FIRST POST
    • SSDD23
    • By SSDD23 26th Jul 18, 11:14 AM
    • 397Posts
    • 878Thanks
    SSDD23
    Changing for good!
    • #1
    • 26th Jul 18, 11:14 AM
    Changing for good! 26th Jul 18 at 11:14 AM
    Hello MSE!

    Not my first time posting a DFD, but hopefully the last. I did originally have a few grand knocked off of my debt total which I was really proud of, but in trying to keep up with my partner and be able to keep doing stuff with my life I ended up with a few more short term loans and credit cards, and looking at the fact my debt repayments will now be around a third of my wage for at least the rest of this year, I've had enough. My partner and I are due to have a serious conversation about things in general tonight so will just tell him I really cannot afford to keep doing things the way we are, so for the time being we need to be frugal together but he can do as he wishes the rest of his time.

    Currently as it stands I have:
    CC1 - 1380 paid at 60pm which just about knocks some money off every month
    CC2 - 117 which gets around 15pm and slowly decreases
    CC3 - 234 25 pm paid
    Lantern - 2 defaulted debts from 2014 ish paid 5 p/m each until I can offer settlements - combined 628 but know I can settle for 300 maximum combined
    Satsuma (I know) - 2 loans total 1396 paid at 149 pm
    Myjar (I know) - 297 paid around 50pm
    Family Loan - 821 repaying 121.50 pm

    There is also another old debt kicking around but it's not with the phone company and the debt collection company they said they sold it to have no knowledge of it, just waiting for that to finally surface with the debt collection company then will deal with that one.

    So there we have it.... 4873. At 430 per month that's just over 11 months but even that is too long. I have considered approaching all the lenders and explaining I am in financial difficulty but I don't know where that would get me, and also the effect it would have on my credit file, but that to be honest is trashed anyway but I would like to avoid anything new because as it stands it will be clean in 4 years and I am hoping to be able to keep it that way to work towards a mortgage.

    I have tried saving with online savers but it's too easy to ping the money back over straightaway when I want to buy something, so I have joined my local credit union and will save 50pm for the time being.

    As it stands I'll be debt free within a year as long as I don't take out any more credit. I just need my partner to be on the same level with understanding I really need to not spend any money unnecessarily, which he should get on board with.

    That's enough of the essay for now, time to look forwards, join some challenges and smash this debt!
Page 5
    • SSDD23
    • By SSDD23 3rd Sep 18, 10:43 AM
    • 397 Posts
    • 878 Thanks
    SSDD23
    2.50 cashed out from Opinion Outpost so rounded it upto 5 to make an OP to MyJar
    Money made in November: 17.67/100.00 // October NSDs: 1/15 SPC #029
    Total Debt: 4,852.52 Total Repaid: 1963.88 Total Savings: 0.00 (Physical Savings) 73.32 (XMAS19 Savings)
    • SSDD23
    • By SSDD23 4th Sep 18, 2:16 PM
    • 397 Posts
    • 878 Thanks
    SSDD23
    Rounded up my 3 reward from Halifax to 5 and made another OP to the MyJar loan..

    Have found something online that I should be able to around my normal work if I pass the tests, will say what if I managed to start it, but I could be bringing in a little extra every month to help pay down the debt quicker! It'll mean doing some extra work at home or on my lunch hour, but short of another job which is hard to fit around my current one, it's the best I can do!
    Money made in November: 17.67/100.00 // October NSDs: 1/15 SPC #029
    Total Debt: 4,852.52 Total Repaid: 1963.88 Total Savings: 0.00 (Physical Savings) 73.32 (XMAS19 Savings)
    • SSDD23
    • By SSDD23 4th Sep 18, 2:58 PM
    • 397 Posts
    • 878 Thanks
    SSDD23
    Also - i think that I have decided, that I'm going to overpay CC1 as opposed to CC3. CC3 may have a marginally higher interest rate, but CC1 is definitely costing me more in interest each month purely just down to the balance - CC3 really has never been more than about 10 in interest whereas CC1 is around 35 per month as it stands.
    Knocking down a small debt is motivating but I think seeing the balance on CC1 going to less than four figures is equally motivating, so I will be putting the extra onto that DD as opposed to CC3.
    Money made in November: 17.67/100.00 // October NSDs: 1/15 SPC #029
    Total Debt: 4,852.52 Total Repaid: 1963.88 Total Savings: 0.00 (Physical Savings) 73.32 (XMAS19 Savings)
    • SSDD23
    • By SSDD23 5th Sep 18, 12:03 PM
    • 397 Posts
    • 878 Thanks
    SSDD23
    Done some small little finance jobs today - cancelled my life insurance for now, it's not a suitable product that I need at this stage in my life, I think I only signed up for a voucher! Will re-instate when it's really needed & finances are better.
    I also cashed out 2.03 sat in a post office savings account I was never really impressed with it and its better spent off a debt than in an account I don't use!
    • SavingAFuture
    • By SavingAFuture 5th Sep 18, 4:04 PM
    • 100 Posts
    • 201 Thanks
    SavingAFuture
    Well done on your "little and often" approach. That must be such a help to keep you motivated?
    Once I've done my payday money shuffle I don't really make any more impact on the debt over the course of the month...but at least it's not going up!
    And you really are leaving no stone unturned in your debt busting. You'll be there in no time
    Proudly on my debt free journey
    CC1: 0/2120.60 CC2: 1080/3239.99
    • SSDD23
    • By SSDD23 6th Sep 18, 2:23 PM
    • 397 Posts
    • 878 Thanks
    SSDD23
    Thank you - I think it definitely helps after I've made the normal payments to make the extra payments through the month even if they are tiny - helps to see the total continuously going down
    I have now paid the 2 from my PO account to the MJ loan which about covers the accruing interest since my last payment
    Money made in November: 17.67/100.00 // October NSDs: 1/15 SPC #029
    Total Debt: 4,852.52 Total Repaid: 1963.88 Total Savings: 0.00 (Physical Savings) 73.32 (XMAS19 Savings)
    • SSDD23
    • By SSDD23 6th Sep 18, 2:43 PM
    • 397 Posts
    • 878 Thanks
    SSDD23
    I've already been very early in trying to make Christmas easier for next year. This year is going to have to be a budget Christmas, I am undoubtedly going to be buying things in sales or cheap shops but I can't afford an expensive one with this debt so that's life..
    I was reading a thread on here about budgeting for Christmas and have used Park before but did not realise they have a Mastercard option, as I struggled with the vouchers last year when I used them.
    I've just set up a DD for 36 each month to end next September to receive a card loaded with 400 - that's most of my budgeting for next Christmas sorted! I have enough to accommodate the 36 DD each month, especially if it means that it's a load off my shoulders next year
    Money made in November: 17.67/100.00 // October NSDs: 1/15 SPC #029
    Total Debt: 4,852.52 Total Repaid: 1963.88 Total Savings: 0.00 (Physical Savings) 73.32 (XMAS19 Savings)
    • SSDD23
    • By SSDD23 12th Sep 18, 9:19 AM
    • 397 Posts
    • 878 Thanks
    SSDD23
    Been quiet for a while, went off to London on Saturday for a 100km charity walk, proud to have completed it, but not something I'm likely to do again anytime soon! Tears of relief were definitely shed at the finish line

    We ended up going to bed at the hotel at 6pm on the Sunday after getting up at 4.30 am on the Saturday, lounged once we got home on Monday and I had another day of lounging yesterday to rest my feet and legs before coming back to work today...
    If there's one thing this walk has done, it's make me totally comfortable with sorting out blisters on my feet

    Paid an OP to MJ today of 3.75, it will cost me not a lot after my next instalment to settle I think, it says around 93 at the moment, and due to have a 52.10 payment so won't cost a lot after that comes out

    OH has a milestone birthday on Monday, so Saturday we have a surprise dinner with his family who will be travelling up, then on Sunday we are going to a hotel with a half spa day booked for the Monday, then back home to have dinner with his kids. Saturday will be manic with collecting the cake in the morning and inflating the balloons etc and trying to transport those 30 miles to the restaurant with no issues (it's the cake im most worried about - any tips welcome?!), decorating, then going over to OH's until it's time to go back to the restaurant for dinner
    Money made in November: 17.67/100.00 // October NSDs: 1/15 SPC #029
    Total Debt: 4,852.52 Total Repaid: 1963.88 Total Savings: 0.00 (Physical Savings) 73.32 (XMAS19 Savings)
    • lonelyrat
    • By lonelyrat 12th Sep 18, 10:14 AM
    • 472 Posts
    • 1,214 Thanks
    lonelyrat
    Well done on the walk 100km I can't imagine how proud you must have felt!! How did you manage the blisters?

    Well done on all the little payments. They really do add up!

    OH birthday sounds like it will be really, really fun! Spa sounds lovely. Not sure about the cake.. maybe just sit it on the floor and hope for the best?
    Total Debt : 1723.49 / 7266.93
    Weight Loss: 19.2 / 45kg
    • SSDD23
    • By SSDD23 12th Sep 18, 10:27 AM
    • 397 Posts
    • 878 Thanks
    SSDD23
    We did quite a few training walks so thankfully I'd learnt where I was likely to get blisters and padded them out as best as I could, only really came away with ones on my little toes that only really required popping last night when I needed to be able to walk properly/flat in my works shoes today and one small one on the back of each heel

    OH suffered much worse, I think as he did most of his training in trainers and switched to his walking boots for the walk. Both the backs of his heels were one huge blister (about 3-4 inches) and he had quite a few on the balls of his feet bless him

    I thought the spa would be nice a week after a hard walk, with time to chill

    I think it'll either be on the floor or try and strap it in on the passenger seat somehow I might cry if it gets ruined en route!
    Money made in November: 17.67/100.00 // October NSDs: 1/15 SPC #029
    Total Debt: 4,852.52 Total Repaid: 1963.88 Total Savings: 0.00 (Physical Savings) 73.32 (XMAS19 Savings)
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 13th Sep 18, 6:26 AM
    • 1,742 Posts
    • 8,843 Thanks
    wishingthemortgaheaway
    Cake transporting needs to be in the footwell behind the passenger seat, then set the passenger seat to a point where the cake is slightly wedged with not much forward or backward movement. A limp pillow or blanket/sleeping bag/child sized duvet is good for putting to the side of the cake to reduce side to side movement.

    Hope this helps.
    Wish.
    The 100 payment countdown (each payment = 400) 2018 Starts at 13/100 o/s 34,750.
    Jan 18 14/100 Feb 15/100 March 18/100 April 19/100 May 20/100 June 21/100
    Term Mortgage free date: October 2029 Current mortgage free date: April 2025 March 2024 Jan 2024
    MFW 2018 Challenge Member #162 1600ish/2,500
    • SSDD23
    • By SSDD23 13th Sep 18, 8:16 AM
    • 397 Posts
    • 878 Thanks
    SSDD23
    Cake transporting needs to be in the footwell behind the passenger seat, then set the passenger seat to a point where the cake is slightly wedged with not much forward or backward movement. A limp pillow or blanket/sleeping bag/child sized duvet is good for putting to the side of the cake to reduce side to side movement.

    Hope this helps.
    Wish.
    Originally posted by wishingthemortgaheaway
    That's so helpful! Thank you so much
    Money made in November: 17.67/100.00 // October NSDs: 1/15 SPC #029
    Total Debt: 4,852.52 Total Repaid: 1963.88 Total Savings: 0.00 (Physical Savings) 73.32 (XMAS19 Savings)
    • SSDD23
    • By SSDD23 13th Sep 18, 10:53 AM
    • 397 Posts
    • 878 Thanks
    SSDD23
    I can't remember the last time I wasn't tired
    I know it's probably worse this week due to the 100km walk (I feel jetlagged ) but just in general too I cannot remember the last day I did not feel exhausted

    Waiting on a 4ish payout from Crowdology, should hit tomorrow
    Money made in November: 17.67/100.00 // October NSDs: 1/15 SPC #029
    Total Debt: 4,852.52 Total Repaid: 1963.88 Total Savings: 0.00 (Physical Savings) 73.32 (XMAS19 Savings)
    • lonelyrat
    • By lonelyrat 15th Sep 18, 8:59 PM
    • 472 Posts
    • 1,214 Thanks
    lonelyrat
    I feel ya Getting out of bed can be exhausting sometimes. Hope you're doing ok You're always on the go it seems, so try and enjoy your time at the spa/ hotel and totally switch off Hope it's awesome!
    Total Debt : 1723.49 / 7266.93
    Weight Loss: 19.2 / 45kg
    • SSDD23
    • By SSDD23 21st Sep 18, 10:18 AM
    • 397 Posts
    • 878 Thanks
    SSDD23
    Not much to report at the moment.. birthday plans went well, spa was lovely!

    Made a few small overpayments to the MJ loan and will make a few more still, so 100% being cleared on payday.

    Just plodding
    Money made in November: 17.67/100.00 // October NSDs: 1/15 SPC #029
    Total Debt: 4,852.52 Total Repaid: 1963.88 Total Savings: 0.00 (Physical Savings) 73.32 (XMAS19 Savings)
    • SSDD23
    • By SSDD23 27th Sep 18, 2:33 PM
    • 397 Posts
    • 878 Thanks
    SSDD23
    3395.50 will be my debt total as of tomorrow!
    And another debt crossed off! (MJ Loan)
    Have amended my DD's to still leave myself a little breathing room, and still have my 50 in savings intact
    Money made in November: 17.67/100.00 // October NSDs: 1/15 SPC #029
    Total Debt: 4,852.52 Total Repaid: 1963.88 Total Savings: 0.00 (Physical Savings) 73.32 (XMAS19 Savings)
    • SSDD23
    • By SSDD23 1st Oct 18, 8:26 AM
    • 397 Posts
    • 878 Thanks
    SSDD23
    At now at 3395.50
    MJ Loan gone
    100 in savings and 36.66 paid to Park for Xmas next year
    • SavingAFuture
    • By SavingAFuture 1st Oct 18, 10:05 AM
    • 100 Posts
    • 201 Thanks
    SavingAFuture
    Awesome - under 4k! That's amazing. Well done.
    Now that MJ is gone, what's your next goal?
    Proudly on my debt free journey
    CC1: 0/2120.60 CC2: 1080/3239.99
    • NelliePie
    • By NelliePie 1st Oct 18, 10:11 AM
    • 262 Posts
    • 559 Thanks
    NelliePie
    I just wanted to echo the above.. Congratulations on getting under 4K. It won't be long before you're down at 0! What's your next target - a specific number or the next debt gone? I find having something to work towards helps.

    I've also read some DFW's using the 1% method to help. Get a chart or a spreadsheet with 100 squares on, each representing 1% of the total (so in your case 40) and tick it off or colour it in each time you reach the next 1%. It's great for motivation so see it going down and has provided inspiration for others to seek new ways of bringing in additional income. One user (I can't remember who) only chases out from surveys when they've got enough to pay off the next 1%.

    Well done, keep going and good luck!
    Little One's due date 18/12/18
    5/5/18 I became Mrs Pie
    FTB June '17 - 144k motrgage
    • SSDD23
    • By SSDD23 1st Oct 18, 11:21 AM
    • 397 Posts
    • 878 Thanks
    SSDD23
    Not too sure at the moment, I think I will probably work on the big balance CC as that will be a weight off my shoulders once it's gone, the payment just about covers the interest whereas all my other debts are actually going down each month so will be a weight off my shoulders when it's gone
    Money made in November: 17.67/100.00 // October NSDs: 1/15 SPC #029
    Total Debt: 4,852.52 Total Repaid: 1963.88 Total Savings: 0.00 (Physical Savings) 73.32 (XMAS19 Savings)
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