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  • FIRST POST
    • Broke Bear
    • By Broke Bear 2nd Sep 18, 4:28 PM
    • 47Posts
    • 227Thanks
    Broke Bear
    Oh pants I messed up BIG!!!
    • #1
    • 2nd Sep 18, 4:28 PM
    Oh pants I messed up BIG!!! 2nd Sep 18 at 4:28 PM
    Ok so I have been lurking in a major way for the last 2 weeks after having my lightbulb moment. I have had a pretty rough 2 months and lost both of my bears (labradors) in quick succession (they were both very old for labs) and then I had a minor breakdown over everything and my finances came bubbling out to my OH after the vet bills.

    Now It has sunk in that everything is out in the open and he has not run away, for which I am eternally grateful, I can put a plan in action to get the big scary number gone for good.
    Ok so here are the starting scores on the doors as of 01/09/2018:

    B - £10,531.80
    T - £6,776.15
    M - £6,422.11
    V - £5,462.32
    L - 25.89

    Total - £29,218.27

    How did I get that far in debt?? I honestly didn't think it was that bad until I put all cards on table (literally) with OH!

    We have gone through income and expenditure and have a plan of action for the next 12 months or so (0% BTdeals the above cards are on) but I thought it would be good to document my journey as a reminder for future debt free me. It is my mess and I will not let my OH pay towards the debt, not even one penny. It is my stupidity and I should feel every painful penny of paying it back, I will never be this far in debt again!!
    Day 1: Sept 1st 2018 - CC debt - £29,218.27 - 0% paid off
    Now: Dec 1st 2018 - CC debt - £29,101.27 - 0.4% paid off

    If thou of fortune be bereft, and of thine earthly store hath left,Two loaves, Sell one and with the dole, buy hyacinths to feed the soul. 'Anon'
Page 3
    • Broke Bear
    • By Broke Bear 4th Oct 18, 3:03 PM
    • 47 Posts
    • 227 Thanks
    Broke Bear
    Thanks digitpedia, I am really hoping I can as me and OH want to get married and do ‘normal’ things like have a life and holidays and things.
    Day 1: Sept 1st 2018 - CC debt - £29,218.27 - 0% paid off
    Now: Dec 1st 2018 - CC debt - £29,101.27 - 0.4% paid off

    If thou of fortune be bereft, and of thine earthly store hath left,Two loaves, Sell one and with the dole, buy hyacinths to feed the soul. 'Anon'
    • Broke Bear
    • By Broke Bear 4th Oct 18, 3:18 PM
    • 47 Posts
    • 227 Thanks
    Broke Bear
    Is is wrong that I am wishing the end of the month was here already so I can update my signature again?
    27 days to go...
    Day 1: Sept 1st 2018 - CC debt - £29,218.27 - 0% paid off
    Now: Dec 1st 2018 - CC debt - £29,101.27 - 0.4% paid off

    If thou of fortune be bereft, and of thine earthly store hath left,Two loaves, Sell one and with the dole, buy hyacinths to feed the soul. 'Anon'
    • Broke Bear
    • By Broke Bear 12th Oct 18, 10:59 PM
    • 47 Posts
    • 227 Thanks
    Broke Bear
    Oh wow, where has this month gone?
    Am now in the quiet period between the payments going out and the statements coming in. I know I will not have cleared as much as last month as had to put £100 on the BC, but I did manage to balance transfer £1400 of the high interest part of the BC to 0% on the M so after fee etc I should still clear about 1% I hope. Wish those statements would hurry up!!

    Delia (the new kitten) is settling in grand and is really starting to find her feet. She is such a little tear away
    Day 1: Sept 1st 2018 - CC debt - £29,218.27 - 0% paid off
    Now: Dec 1st 2018 - CC debt - £29,101.27 - 0.4% paid off

    If thou of fortune be bereft, and of thine earthly store hath left,Two loaves, Sell one and with the dole, buy hyacinths to feed the soul. 'Anon'
    • Mummy_bear
    • By Mummy_bear 13th Oct 18, 10:33 AM
    • 441 Posts
    • 1,404 Thanks
    Mummy_bear
    Hi,
    Just found your diary and subscribed.

    From one bear to another I wish you all the luck with your debt busting x
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £46444.23
    £17503.3/£46444.23 37.69% paid
    • Broke Bear
    • By Broke Bear 13th Oct 18, 11:04 AM
    • 47 Posts
    • 227 Thanks
    Broke Bear
    Hi Mummy_bear and thanks do you have a diary too?
    Day 1: Sept 1st 2018 - CC debt - £29,218.27 - 0% paid off
    Now: Dec 1st 2018 - CC debt - £29,101.27 - 0.4% paid off

    If thou of fortune be bereft, and of thine earthly store hath left,Two loaves, Sell one and with the dole, buy hyacinths to feed the soul. 'Anon'
    • Broke Bear
    • By Broke Bear 13th Oct 18, 11:16 AM
    • 47 Posts
    • 227 Thanks
    Broke Bear
    Well I am hoping for a LSD today, the only thing I need to get is cat litter for Delia. DSD is here this weekend and I think as we are all still under the weather it will be a lazy one again. Weather is pants so we will not be going for any hiking trips as we had intended but hey ho.
    Day 1: Sept 1st 2018 - CC debt - £29,218.27 - 0% paid off
    Now: Dec 1st 2018 - CC debt - £29,101.27 - 0.4% paid off

    If thou of fortune be bereft, and of thine earthly store hath left,Two loaves, Sell one and with the dole, buy hyacinths to feed the soul. 'Anon'
    • Mummy_bear
    • By Mummy_bear 13th Oct 18, 11:34 AM
    • 441 Posts
    • 1,404 Thanks
    Mummy_bear
    Yes I do, can't say I'm at all that interesting to read. I do it to keep me motivated.
    Let me know if you need help finding it...if you're that way inclined

    MB
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £46444.23
    £17503.3/£46444.23 37.69% paid
    • abba1772
    • By abba1772 13th Oct 18, 2:30 PM
    • 5,400 Posts
    • 20,299 Thanks
    abba1772
    Hi broke bear

    Thought I would return the favour......sorry to hear about your dogs but glad your little kitten is settling in

    Well down on your lightbulb moment you have those debts paid down in no time xx
    NEXT TARGET ARGOS WAS Dec 18 £391.95 NOW £384.72
    POAMAYC 2011 £6382.66 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £8000.90
    POAMAYC 2017 £7278.80 POAMAYC 2018 £12924.32
    • Broke Bear
    • By Broke Bear 13th Oct 18, 2:38 PM
    • 47 Posts
    • 227 Thanks
    Broke Bear
    I hope so Abba (and thanks for dropping in) it is the start of a very long road for me I think
    Day 1: Sept 1st 2018 - CC debt - £29,218.27 - 0% paid off
    Now: Dec 1st 2018 - CC debt - £29,101.27 - 0.4% paid off

    If thou of fortune be bereft, and of thine earthly store hath left,Two loaves, Sell one and with the dole, buy hyacinths to feed the soul. 'Anon'
    • abba1772
    • By abba1772 13th Oct 18, 2:41 PM
    • 5,400 Posts
    • 20,299 Thanks
    abba1772
    I hope so Abba (and thanks for dropping in) it is the start of a very long road for me I think
    Originally posted by Broke Bear
    But that's the main thing........you've started
    NEXT TARGET ARGOS WAS Dec 18 £391.95 NOW £384.72
    POAMAYC 2011 £6382.66 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £8000.90
    POAMAYC 2017 £7278.80 POAMAYC 2018 £12924.32
    • Broke Bear
    • By Broke Bear 21st Oct 18, 2:34 PM
    • 47 Posts
    • 227 Thanks
    Broke Bear
    The figures are in and its not great this month!
    Ok so the figures are in with the new statements this month. The total has gone up very slightly but this is due to some card shuffling fees and I had to put just under £300 on the BC for cat insurance which was planned and unexpected vet fees which were not!

    Poor Delia had a fall and has a 'black eye' all swollen shut and had to go to the out of hours vet to make sure she hadn't done some serious damage. Thankfully with some drops to make sure it doesn't get infected and some anti inflammatories she will be fine.

    OK so here are the scores on the doors for this month:
    BC- 9164.51- balance transferred some of this to the M card at 0% until end of next year as this had about £2000 paying 19% interest. Although fees charged to BT it will save me in the long run.
    M- 7786.99
    T- 6576.15
    V- 5196.32
    L - 0

    £28,723.97
    1.69% paid off

    So all in all it has gone up very slightly this month but will be making an extra effort to get it down next month.

    Although...its not the end of the month yet so I may be able to get it under last month's figure of £28,705.30.

    £18.67 to find by the end of the month but really I want to find at least £24.00 to get into the next 100 bracket.

    I can do this !!
    Day 1: Sept 1st 2018 - CC debt - £29,218.27 - 0% paid off
    Now: Dec 1st 2018 - CC debt - £29,101.27 - 0.4% paid off

    If thou of fortune be bereft, and of thine earthly store hath left,Two loaves, Sell one and with the dole, buy hyacinths to feed the soul. 'Anon'
    • Broke Bear
    • By Broke Bear 23rd Oct 18, 1:32 PM
    • 47 Posts
    • 227 Thanks
    Broke Bear
    Well that’s £30 paid off the V card so it means my debt has gone down not up this month... may even be able to scrape a little more together before the end of the month. Hope so ...
    Day 1: Sept 1st 2018 - CC debt - £29,218.27 - 0% paid off
    Now: Dec 1st 2018 - CC debt - £29,101.27 - 0.4% paid off

    If thou of fortune be bereft, and of thine earthly store hath left,Two loaves, Sell one and with the dole, buy hyacinths to feed the soul. 'Anon'
    • Broke Bear
    • By Broke Bear 23rd Oct 18, 1:34 PM
    • 47 Posts
    • 227 Thanks
    Broke Bear
    BSN now £28,693.97

    Into the next 100 bracket whoop whoop
    Day 1: Sept 1st 2018 - CC debt - £29,218.27 - 0% paid off
    Now: Dec 1st 2018 - CC debt - £29,101.27 - 0.4% paid off

    If thou of fortune be bereft, and of thine earthly store hath left,Two loaves, Sell one and with the dole, buy hyacinths to feed the soul. 'Anon'
    • Broke Bear
    • By Broke Bear 24th Oct 18, 9:53 PM
    • 47 Posts
    • 227 Thanks
    Broke Bear
    Well it was a low spend day for me today, just had to get a few bits for work as it was a colleagueís birthday.

    Delia is back to her happy little self and her eye is looking back to normal so thatís grand... Iím so happy we didnít break our kitten!!

    Have just caught up on my ynab figures and got everything straight and...I am still in the black with my pots (ok most of them are now empty as it has been quite a spendy month but at least they are not in minus figures)

    Will be building pots up again next month as it looks like it will be a financially quiet one. The bathroom will be done in the first full week of November and this is budgeted for... I canít wait to join the 21st century with a fully functional bathroom in my house!!
    Day 1: Sept 1st 2018 - CC debt - £29,218.27 - 0% paid off
    Now: Dec 1st 2018 - CC debt - £29,101.27 - 0.4% paid off

    If thou of fortune be bereft, and of thine earthly store hath left,Two loaves, Sell one and with the dole, buy hyacinths to feed the soul. 'Anon'
    • Broke Bear
    • By Broke Bear 31st Oct 18, 11:14 PM
    • 47 Posts
    • 227 Thanks
    Broke Bear
    End of Month Report...Must do better!!
    Well thats it, the figures are in and I cannot pay off any more this month as I have run out of month!

    A mixed bag this month, some good things happened - Delia being the main one, working hard on getting my mental health back on an even keel, sweeties are helping and I am starting to feel better than I have for a long while.
    Some not so good things happened too... I overspent by about £300 on the credit card for some expected and some unexpected issues, balance transfer fees killed the rest of what I had paid off the cards so had to scrape together £30 to make sure the overall debt went down by the end of the month as I am determined that even on a bad month the BSN will move in the right direction.


    YNAB is still working well for me, some pots raided but all sorted, budgeted and set up ready for November onslaught.

    The final scores for this month are:

    BC - £9164.51
    M - £7786.99
    T - £6576.15
    V - £5166.32

    Big Scary Number - £28,693.97

    Plan for next month - stick to budget with no CC spend
    I think I am going to try the PAD challenge and see what i can top up the debt payment fund by over the month without impinging on real life with limited means.
    Day 1: Sept 1st 2018 - CC debt - £29,218.27 - 0% paid off
    Now: Dec 1st 2018 - CC debt - £29,101.27 - 0.4% paid off

    If thou of fortune be bereft, and of thine earthly store hath left,Two loaves, Sell one and with the dole, buy hyacinths to feed the soul. 'Anon'
    • Broke Bear
    • By Broke Bear 1st Nov 18, 10:55 PM
    • 47 Posts
    • 227 Thanks
    Broke Bear
    Well it was a low spend day today, 40p for a bag of crisps and £3.35 for dinner tonight, cheeky trip to get pizza in Costco with OH after work

    Managed to send £2.30 to the overpayment pot tonight... do people build up their PADís before paying off a larger amount or do you make daily small payments off the card directly?
    Day 1: Sept 1st 2018 - CC debt - £29,218.27 - 0% paid off
    Now: Dec 1st 2018 - CC debt - £29,101.27 - 0.4% paid off

    If thou of fortune be bereft, and of thine earthly store hath left,Two loaves, Sell one and with the dole, buy hyacinths to feed the soul. 'Anon'
    • Broke Bear
    • By Broke Bear 2nd Nov 18, 2:31 PM
    • 47 Posts
    • 227 Thanks
    Broke Bear
    Well today had been quite spendy so far, £40 for the living room rug to be cleaned professionally to properly get rid of the dog smell etc, then had to go and pick up a harness and lead for Delia as she is allowed out from this weekend but we are going to be keeping her on a lead until after she has been spayed as we do not want 10 cats!!
    Got home and tried harness on, didn’t fit- too big and faffy to get on her, took it back and exchanged it for a more simple one that is less stressful to get on her (and less painful for me!) also picked up some dry food for her and some free samples of kitten food both wet and dry that works out about £12 worth of free food - bit of a win!

    Hoping that the rest of the day will not involve any expenditure and I will round down my account tonight to make my Pad
    Day 1: Sept 1st 2018 - CC debt - £29,218.27 - 0% paid off
    Now: Dec 1st 2018 - CC debt - £29,101.27 - 0.4% paid off

    If thou of fortune be bereft, and of thine earthly store hath left,Two loaves, Sell one and with the dole, buy hyacinths to feed the soul. 'Anon'
    • abba1772
    • By abba1772 2nd Nov 18, 2:44 PM
    • 5,400 Posts
    • 20,299 Thanks
    abba1772
    I like to make a payment a day but it depends on how your willpower is if you are tempted to dip into it before you send it over xx
    NEXT TARGET ARGOS WAS Dec 18 £391.95 NOW £384.72
    POAMAYC 2011 £6382.66 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £8000.90
    POAMAYC 2017 £7278.80 POAMAYC 2018 £12924.32
    • Broke Bear
    • By Broke Bear 2nd Nov 18, 3:44 PM
    • 47 Posts
    • 227 Thanks
    Broke Bear
    Thanks Abba, I will see how I get on and maybe pay the pot into the card on a weekly basis so I am not tempted too much.
    Well the rest of today will be spend free as I am not going out again. Checked my bank and my monthly BC payment has gone out so that is good and I have sent the grand sum of £1.03 to my overpayment pot in YNAB from rounding down my spends account.
    Day 1: Sept 1st 2018 - CC debt - £29,218.27 - 0% paid off
    Now: Dec 1st 2018 - CC debt - £29,101.27 - 0.4% paid off

    If thou of fortune be bereft, and of thine earthly store hath left,Two loaves, Sell one and with the dole, buy hyacinths to feed the soul. 'Anon'
    • Igamogam
    • By Igamogam 3rd Nov 18, 12:45 PM
    • 5,597 Posts
    • 45,993 Thanks
    Igamogam
    Well it was a low spend day today, 40p for a bag of crisps and £3.35 for dinner tonight, cheeky trip to get pizza in Costco with OH after work

    Managed to send £2.30 to the overpayment pot tonight... do people build up their PADís before paying off a larger amount or do you make daily small payments off the card directly?
    Originally posted by Broke Bear
    Tidy up the bank account every night and pay off a selected card every day. So roughly 30 payments to one card in any month Thats how I do it!
    Be the change you want to see -with apologies to Gandhi
    In gardens, beauty is a by-product. The main business is sex and death. ~Sam Llewelyn
    'On the internet no one knows you are a cat'
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