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  • FIRST POST
    • twinklie
    • By twinklie 2nd Jan 19, 12:05 PM
    • 4,138Posts
    • 10,840Thanks
    twinklie
    Twinklie returns - debt free by 2020?
    • #1
    • 2nd Jan 19, 12:05 PM
    Twinklie returns - debt free by 2020? 2nd Jan 19 at 12:05 PM
    So I had a diary on here a million years ago. Since then I've had 2 children, moved around a bit and FINALLY we bought our forever home. I'd love to pay down my mortgage to become mortgage free and do have a diary to this effect. We've taken the mortgage out over 19 years rather than 25 in order to force us to OP.


    However, I still have some debts that need to be paid off and would like a little motivation in doing this and building savings at the same time. I don't want to turn my mortgage free thread into a paying down debts thread so thought I would start one here.


    Current outstanding debt is as follows at the start of 2019:
    Repayment of maternity leave - 503.26
    Credit Card - 598.74
    Tax Credits OP - 480
    Loan - 1,627
    Current total debt at the start of January 2019 = 3,209


    So today I've created a spending diary to keep track of monthly/annual spending and plan to use this to help me firm up what I'm spending and cut back where we've got a bit spendy. To be honest I don't know what our outgoings are yet because of only just moving house (I've done the utility swap etc though), so will need to keep a close eye on it.


    I'll be honest, this last month we've spent way too much on unnecessary excess, but I guess it's that time of year. We've also got a few things we want to buy for the house to help keep things in the correct place. DS1 is autistic so order and things having a clear place to live are very important to us. At the minute we don't have that and his independence has taken a step back (what little he has anyway).
    • Coat stand.
    • Lawnmower. Bought
    • Toaster and kettle. Bought
    • Mattress.
    • Bed and mattress for DS1. Bought
    • Storage boxes.
    • Storage unit/shelving for the living room.
    We've ordered the bed for DS1 and the lawnmower in the sales. Doing the same with the toaster and kettle and hopefully the storage boxes. Everything else may have to wait a while - the coat stand may need to be bought sooner rather than later though.


    Our car is super old and is likely to need replacing this year so although I'm hoping to be debt free at the end of 2019 (minus student loans and mortgage), it's likely we'll have to take out a loan for a new car.


    Lets see what 2019 brings...hope you will join me on my journey.
    Last edited by twinklie; 03-01-2019 at 6:26 PM.
    Daily mortgage interest Start - £16.45. Jan 19 - £16.34. March 19 - £16.22
    % of house owned/% of mortgage paid off. Start - 10.4%/0%
    Jan 2019 - 11.1%/0.68%.
    March 19 - 11.7%/1.36%
    MFiT-T5 #13
    Aim to be debt free by the end of 2019. % remaining March 19 - 82.6%
Page 1
    • pavlovs_dog
    • By pavlovs_dog 2nd Jan 19, 12:23 PM
    • 9,797 Posts
    • 24,006 Thanks
    pavlovs_dog
    • #2
    • 2nd Jan 19, 12:23 PM
    • #2
    • 2nd Jan 19, 12:23 PM
    good to see you back on the forums Twinklie
    know thyself

    Nid wy'n gofyn bywyd moethus...
    • twinklie
    • By twinklie 2nd Jan 19, 1:05 PM
    • 4,138 Posts
    • 10,840 Thanks
    twinklie
    • #3
    • 2nd Jan 19, 1:05 PM
    • #3
    • 2nd Jan 19, 1:05 PM
    Thank you.

    I should add DH has some debt as well but Iím focusing on mine before worrying about his.

    We are also decluttering and plan to sell a few bits here and there hopefully.
    Daily mortgage interest Start - £16.45. Jan 19 - £16.34. March 19 - £16.22
    % of house owned/% of mortgage paid off. Start - 10.4%/0%
    Jan 2019 - 11.1%/0.68%.
    March 19 - 11.7%/1.36%
    MFiT-T5 #13
    Aim to be debt free by the end of 2019. % remaining March 19 - 82.6%
    • twinklie
    • By twinklie 2nd Jan 19, 5:36 PM
    • 4,138 Posts
    • 10,840 Thanks
    twinklie
    • #4
    • 2nd Jan 19, 5:36 PM
    • #4
    • 2nd Jan 19, 5:36 PM
    Current outstanding debt is as follows:
    Repayment of maternity leave - 503.26
    Credit Card - was 598.74 / now 567.26
    Tax Credits OP - was 480 / now 440
    Loan - 1,627
    Current total debt at the start of January 2019 = was 3,209 / now 3,153


    Made $20 (I don't appear to be able to get a pound sign so will have to use the $ sign instead) selling some old boots that were just taking up space.
    Last edited by twinklie; 02-01-2019 at 8:31 PM. Reason: Made a little payment on CC
    Daily mortgage interest Start - £16.45. Jan 19 - £16.34. March 19 - £16.22
    % of house owned/% of mortgage paid off. Start - 10.4%/0%
    Jan 2019 - 11.1%/0.68%.
    March 19 - 11.7%/1.36%
    MFiT-T5 #13
    Aim to be debt free by the end of 2019. % remaining March 19 - 82.6%
    • twinklie
    • By twinklie 3rd Jan 19, 6:22 PM
    • 4,138 Posts
    • 10,840 Thanks
    twinklie
    • #5
    • 3rd Jan 19, 6:22 PM
    • #5
    • 3rd Jan 19, 6:22 PM
    Current outstanding debt is as follows:
    Repayment of maternity leave - 503.26
    Credit Card - was 598.74 / now 548.74
    Tax Credits OP - was 480 / now 440
    Loan - 1,627
    Current total debt at the start of January 2019 = was 3,209 / now 3,119


    It was a spendy day though. Took the kids for haircuts, DS2's feet have grown so had to get him some new shoes (got some in the sale though ). Then the boys decided they were starving so ended up spending 6 quid in a cafe for drinks and snacks. Also ordered and paid for the new kettle and toaster for collection on Saturday.
    Last edited by twinklie; 03-01-2019 at 6:25 PM. Reason: I can't count
    Daily mortgage interest Start - £16.45. Jan 19 - £16.34. March 19 - £16.22
    % of house owned/% of mortgage paid off. Start - 10.4%/0%
    Jan 2019 - 11.1%/0.68%.
    March 19 - 11.7%/1.36%
    MFiT-T5 #13
    Aim to be debt free by the end of 2019. % remaining March 19 - 82.6%
    • twinklie
    • By twinklie 4th Jan 19, 4:41 PM
    • 4,138 Posts
    • 10,840 Thanks
    twinklie
    • #6
    • 4th Jan 19, 4:41 PM
    • #6
    • 4th Jan 19, 4:41 PM
    ANOTHER spendy day it being the weekly shop. £57. I know we’ll get little extras over the next week as well which infuriates me.
    Daily mortgage interest Start - £16.45. Jan 19 - £16.34. March 19 - £16.22
    % of house owned/% of mortgage paid off. Start - 10.4%/0%
    Jan 2019 - 11.1%/0.68%.
    March 19 - 11.7%/1.36%
    MFiT-T5 #13
    Aim to be debt free by the end of 2019. % remaining March 19 - 82.6%
    • twinklie
    • By twinklie 4th Jan 19, 9:35 PM
    • 4,138 Posts
    • 10,840 Thanks
    twinklie
    • #7
    • 4th Jan 19, 9:35 PM
    • #7
    • 4th Jan 19, 9:35 PM
    First little extra - curry and wine! Help me I’m weak.
    Daily mortgage interest Start - £16.45. Jan 19 - £16.34. March 19 - £16.22
    % of house owned/% of mortgage paid off. Start - 10.4%/0%
    Jan 2019 - 11.1%/0.68%.
    March 19 - 11.7%/1.36%
    MFiT-T5 #13
    Aim to be debt free by the end of 2019. % remaining March 19 - 82.6%
    • twinklie
    • By twinklie 6th Jan 19, 11:19 PM
    • 4,138 Posts
    • 10,840 Thanks
    twinklie
    • #8
    • 6th Jan 19, 11:19 PM
    • #8
    • 6th Jan 19, 11:19 PM
    Spent £6.40 at my friends kids christening. Didn’t think that was too bad for drinks for the 3 of us.
    Back to work tomorrow. Sob!
    Daily mortgage interest Start - £16.45. Jan 19 - £16.34. March 19 - £16.22
    % of house owned/% of mortgage paid off. Start - 10.4%/0%
    Jan 2019 - 11.1%/0.68%.
    March 19 - 11.7%/1.36%
    MFiT-T5 #13
    Aim to be debt free by the end of 2019. % remaining March 19 - 82.6%
    • twinklie
    • By twinklie 12th Jan 19, 11:09 AM
    • 4,138 Posts
    • 10,840 Thanks
    twinklie
    • #9
    • 12th Jan 19, 11:09 AM
    • #9
    • 12th Jan 19, 11:09 AM
    Works gone ok, new system has been introduced which is going to take some getting used too I think! So it’s kept me pretty busy.
    Weekly shops been done and managed to keep it to £60 with some bulk buys of toilet roll/toothpaste etc. Did have lunch there though.

    Managed to sell another few bits (all dog stuff, since our dog died 3 years ago). Think I’ve made the decision not to do any overtime this month. I just don’t think I have it in me. Why on earth I feel guilty about this decision is beyond me!
    Daily mortgage interest Start - £16.45. Jan 19 - £16.34. March 19 - £16.22
    % of house owned/% of mortgage paid off. Start - 10.4%/0%
    Jan 2019 - 11.1%/0.68%.
    March 19 - 11.7%/1.36%
    MFiT-T5 #13
    Aim to be debt free by the end of 2019. % remaining March 19 - 82.6%
    • Choccygirl123
    • By Choccygirl123 12th Jan 19, 11:35 AM
    • 512 Posts
    • 1,553 Thanks
    Choccygirl123
    Well done for selling the dog bits and boots. I love making some extra Money just as much as I love decluttering. I've joined the sealed pot chslldbeyso all my sakes are going in that fir Christmas 2019.

    Good luck with paying your debts off x
    Always counting down to pay day, but making baby steps getting life on track! Looking forward to cracking the debt once and for all.
    SPC 090 - £69.45 / £500
    • twinklie
    • By twinklie 13th Jan 19, 7:55 PM
    • 4,138 Posts
    • 10,840 Thanks
    twinklie
    Well done for selling the dog bits and boots. I love making some extra Money just as much as I love decluttering. I've joined the sealed pot chslldbeyso all my sakes are going in that fir Christmas 2019.

    Good luck with paying your debts off x
    Originally posted by Choccygirl123


    Thanks Choccygirl, I'm loving decluttering (and the extra money too). To be honest, most of it that's left is baby stuff (hopefully getting rid of lots next weekend) and DH's stuff. He's shocking at getting rid of stuff...but he's trying.


    We'll get there. Then we need to streamline the kids toys etc once we've done ours. However, I have hubby well trained - he's just spent some money on some very reduced priced lego sets for he eldest. We'll give him some for his birthday (Sept) and/or Christmas. I'm so glad he's getting on board with shopping throughout the year.


    Still, I think his spending is a bit out of control this month! So my spending diary may well show us as in the red for the month! I hope not.
    Daily mortgage interest Start - £16.45. Jan 19 - £16.34. March 19 - £16.22
    % of house owned/% of mortgage paid off. Start - 10.4%/0%
    Jan 2019 - 11.1%/0.68%.
    March 19 - 11.7%/1.36%
    MFiT-T5 #13
    Aim to be debt free by the end of 2019. % remaining March 19 - 82.6%
    • twinklie
    • By twinklie 26th Jan 19, 5:10 PM
    • 4,138 Posts
    • 10,840 Thanks
    twinklie
    So we managed to get rid of LOADS last week to a family member. So most of our baby furniture (space taking) type stuff has gone now. Just the giant boxes of clothes to work our way through now. And toys...


    Its a cheap(ish) weekend. Our favourite SEND group was this morning, so had a catch up with some grown ups whilst the boys played in a totally safe and supervised environment. They love it there.


    Tomorrow I'm taking them a bit further away to a play place that's running a SEND session in the morning. It's got different zones. One where you can paint anything in the room. A room with a sand floor with diggers, trucks and buckets etc, dressing up room...and goodness knows what else. I'm looking forward to letting them blow off some steam. It's been a tough few months for us all...December is a hard month for a lot of autistic kids and the subsequent January come down hasn't been much easier but we are coming out the other side now.


    I'm hoping February will be a financially quite month. Just plodding on paying what we need to and continuing with the decluttering. My loan payment and maternity repayment will be paid this week. So my debt total will decrease some more which is exciting.


    Weekly shop was about 60 again, so that's not too bad. Managed to go on a solo trip too so it was quite enjoyable.
    Daily mortgage interest Start - £16.45. Jan 19 - £16.34. March 19 - £16.22
    % of house owned/% of mortgage paid off. Start - 10.4%/0%
    Jan 2019 - 11.1%/0.68%.
    March 19 - 11.7%/1.36%
    MFiT-T5 #13
    Aim to be debt free by the end of 2019. % remaining March 19 - 82.6%
    • twinklie
    • By twinklie 3rd Feb 19, 4:57 PM
    • 4,138 Posts
    • 10,840 Thanks
    twinklie
    February Update
    As of February my current outstanding debt is as follows:
    Repayment of maternity leave - was 503.26 / now 440.32
    Credit Card - was 598.74 / now 521
    Tax Credits OP - was 480 / now 440
    Loan - was 1,627 / now 1,501
    Current total debt January 2019 = 3,209 / February 2019 = 2,902.32


    Getting under 3K is a massive psychological breakthrough. I'd love to just chuck all my money at it and get rid, but the way the world is right now I feel better trying to build up some savings to be honest and just paying down debts at a steady rate.


    I've planned my payments to finish as follows:
    Repayment of mat leave - Aug 2019
    Credit Card - November 2019
    Tax Credits - December 2019
    Loan - January 2020.


    However, if I can manage more nearer the time I will. I still need to work out my basic monthly outgoings though - moving house meant I no longer 100% know what my outgoings are and it's taking a lot longer to get things straight than I anticipated.
    Daily mortgage interest Start - £16.45. Jan 19 - £16.34. March 19 - £16.22
    % of house owned/% of mortgage paid off. Start - 10.4%/0%
    Jan 2019 - 11.1%/0.68%.
    March 19 - 11.7%/1.36%
    MFiT-T5 #13
    Aim to be debt free by the end of 2019. % remaining March 19 - 82.6%
    • twinklie
    • By twinklie 10th Feb 19, 4:54 PM
    • 4,138 Posts
    • 10,840 Thanks
    twinklie
    Repayment of maternity leave - was 503.26 / now 440.32
    Credit Card - was 598.74 / now 521
    Tax Credits OP - was 480 / now 400
    Loan - was 1,627 / now 1,501
    Current total debt January 2019 = 3,209 / February 2019 = 2,862.32


    Feel like the numbers are steadily reducing. I've had a few unexpected expenses this month already, but nothing major. Might need new tires for the car though which is a bit rubbish.


    Still, only need to commute twice this week. I'm working from my home town the other two days which will save a few bob. And I only have to get through this week and then I'm on leave for a week - yay for half term.

    Daily mortgage interest Start - £16.45. Jan 19 - £16.34. March 19 - £16.22
    % of house owned/% of mortgage paid off. Start - 10.4%/0%
    Jan 2019 - 11.1%/0.68%.
    March 19 - 11.7%/1.36%
    MFiT-T5 #13
    Aim to be debt free by the end of 2019. % remaining March 19 - 82.6%
    • twinklie
    • By twinklie 19th Feb 19, 11:12 AM
    • 4,138 Posts
    • 10,840 Thanks
    twinklie
    So it's half term here and I'm on leave for the week. So it's all about surviving as cheaply as possible.


    Half term plans

    Saturday - play at home - NSD
    Sunday - Birthday party and play in the garden - Presents from present cupboard - NSD
    Monday - Playdate with friends on a nature walk, cafe stop and out for tea - £20 (plus petrol).
    Tuesday - Play at home and food shop (may eat out for lunch). £11.25 Cafe tea I won’t tell you what I spent on my shopping...but it was a store cupboard replenished and I got a few clothing bits for the kids...it was a biggy.
    Wednesday - Soft play place. £17.50
    Thursday - Play doh play session and activities. £2
    Friday - Coffee morning play at playgroup and cinema to watch How to Train Your Dragon. Booked cinema £36.96
    Saturday - Boys at hairdressers and get feet measured (may need new shoes). £14
    Sunday - SEND play session at an imaginary play centre.

    Total half term spends so far = £85.71

    Following that we are back at work. I will update and BOLD above when I have confirmed spends. Hopefully it will motivate me to be accountable for my spending and keep spends down.
    Last edited by twinklie; 23-02-2019 at 7:33 PM. Reason: Half term spends update
    Daily mortgage interest Start - £16.45. Jan 19 - £16.34. March 19 - £16.22
    % of house owned/% of mortgage paid off. Start - 10.4%/0%
    Jan 2019 - 11.1%/0.68%.
    March 19 - 11.7%/1.36%
    MFiT-T5 #13
    Aim to be debt free by the end of 2019. % remaining March 19 - 82.6%
    • twinklie
    • By twinklie 20th Feb 19, 10:13 PM
    • 4,138 Posts
    • 10,840 Thanks
    twinklie
    My eldest is a bit under the weather so he might save me from myself and help me keep the half term spends to £100...or there about abouts.

    I know I have £14 to spend on Saturday and I think it’s £8 on Sunday.
    Daily mortgage interest Start - £16.45. Jan 19 - £16.34. March 19 - £16.22
    % of house owned/% of mortgage paid off. Start - 10.4%/0%
    Jan 2019 - 11.1%/0.68%.
    March 19 - 11.7%/1.36%
    MFiT-T5 #13
    Aim to be debt free by the end of 2019. % remaining March 19 - 82.6%
    • twinklie
    • By twinklie 21st Feb 19, 2:53 PM
    • 4,138 Posts
    • 10,840 Thanks
    twinklie
    Brought the boys to a church playgroup. £2 donation and free brew and cakes. Also free WiFi - result!
    Daily mortgage interest Start - £16.45. Jan 19 - £16.34. March 19 - £16.22
    % of house owned/% of mortgage paid off. Start - 10.4%/0%
    Jan 2019 - 11.1%/0.68%.
    March 19 - 11.7%/1.36%
    MFiT-T5 #13
    Aim to be debt free by the end of 2019. % remaining March 19 - 82.6%
    • twinklie
    • By twinklie 23rd Feb 19, 7:38 PM
    • 4,138 Posts
    • 10,840 Thanks
    twinklie
    Decided to blow off going to the play place tomorrow. The eldest anxiety about returning to school is off the scale, so time to stay in safe surroundings.

    Therefore Iíve stayed within my £100 budget and have £14 to spare. So I will put that into savings I think.
    Daily mortgage interest Start - £16.45. Jan 19 - £16.34. March 19 - £16.22
    % of house owned/% of mortgage paid off. Start - 10.4%/0%
    Jan 2019 - 11.1%/0.68%.
    March 19 - 11.7%/1.36%
    MFiT-T5 #13
    Aim to be debt free by the end of 2019. % remaining March 19 - 82.6%
    • enthusiasticsaver
    • By enthusiasticsaver 23rd Feb 19, 7:46 PM
    • 8,207 Posts
    • 18,552 Thanks
    enthusiasticsaver
    The debt is coming down nicely and good you have managed to stay in budget over half term.
    Early retired in December 2017

    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
    • aimeemum
    • By aimeemum 23rd Feb 19, 10:01 PM
    • 248 Posts
    • 1,186 Thanks
    aimeemum
    Well done staying in budget for half term - that's no mean feat! Subscribed to your diary. I'm also trying to be debt free by 2020 - a bit further to go and trying to take it steady. Good luck x
    SAHM to 3 boys ~ History writer, reader and blogger.
    DFBX19 #148 - 14/3/2019 Week 10 - £1,743/£4,782 36% gone -- £2019 in 2019 #152 £65.47/£2019
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