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  • FIRST POST
    • MattWoodmead
    • By MattWoodmead 15th Jan 20, 11:07 AM
    • 5Posts
    • 4Thanks
    MattWoodmead
    Time to Change
    • #1
    • 15th Jan 20, 11:07 AM
    Time to Change 15th Jan 20 at 11:07 AM
    Hi all. I'm Matt and I have come here to turn things around.

    First off, I just want to thank my gf Nicola for supporting me and my sister (AmyWoodmead on this forum ) for encouraging me to come on here and face my problems. I literally wouldn't be doing this if it wasn't for you.

    I have been in debt for my whole adult life, starting with student loans and then spending on credit cards at university and then taking on more debt and spending way beyond my means.

    It got to the point where it all seemed so much that it just didn't seem to matter any more so I spent even more and just stopped caring.

    But things have changed. I recently moved in with my partner and we want to buy a house and start a family so I want to publicly track my progress and I want to get out of debt and start saving for our first home.

    My total debt, loans + credit cards stands at 11k (not including student loans which I treat differently).

    With my new job and shared bills I should be able to save 300 a month. I will also be looking at what I can do to save more and earn more in my spare time.
    Last edited by MattWoodmead; 15-01-2020 at 2:17 PM. Reason: update
Page 1
    • Purplemumof2
    • By Purplemumof2 15th Jan 20, 11:09 AM
    • 7,770 Posts
    • 30,308 Thanks
    Purplemumof2
    • #2
    • 15th Jan 20, 11:09 AM
    • #2
    • 15th Jan 20, 11:09 AM
    Good luck on your journey x
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    BC: 4100.00 Lloyds: 8000.00 OD 2000 MBNA: GONE
    Jan LTW 17/22 ~ Jan NSD 2/10
    PAYDBX 2020 #041 PD 40.00/8000
    Xmas Pot 52.85/500 ~ EF 280/500
    20p Savers 2020 2 Savers 2020 50p Savers 2020 SPC 13 2020 #003
    • OnlyPariah
    • By OnlyPariah 15th Jan 20, 11:11 AM
    • 123 Posts
    • 304 Thanks
    OnlyPariah
    • #3
    • 15th Jan 20, 11:11 AM
    • #3
    • 15th Jan 20, 11:11 AM
    Good luck with it all. You'll find plenty of support on here and some much needed advise.

    It might be worth you completing a SOA and then we can all help to see if you can make any savings anywhere.

    https://www.lemonfool.co.uk/financecalculators/soa.php

    Change the output to MSE and cut and paste here.
    Tesco 7647.88 7,488.96 Asda 2,552 2,300 Virgin 4,204.95 4,204.95
    Halifax 2,853 2,796.64 Barclaycard 7,866.32 7,866.32 Wedding 488 EF 63
    • MattWoodmead
    • By MattWoodmead 15th Jan 20, 11:36 AM
    • 5 Posts
    • 4 Thanks
    MattWoodmead
    • #4
    • 15th Jan 20, 11:36 AM
    • #4
    • 15th Jan 20, 11:36 AM
    Thanks for the support, I will look at the SOA, that looks useful.
    • MattWoodmead
    • By MattWoodmead 16th Jan 20, 11:14 AM
    • 5 Posts
    • 4 Thanks
    MattWoodmead
    • #5
    • 16th Jan 20, 11:14 AM
    • #5
    • 16th Jan 20, 11:14 AM
    I've spent this morning reviewing my spending and had some success:

    Energy bill 250 down for the year
    Switched to a new mobile provided, saved 4 per month
    Cancelled Netflix () saving 5.99
    Setup ebay account to get rid of old stuff

    Good start
    • amywoodmead
    • By amywoodmead 16th Jan 20, 11:39 AM
    • 4 Posts
    • 13 Thanks
    amywoodmead
    • #6
    • 16th Jan 20, 11:39 AM
    • #6
    • 16th Jan 20, 11:39 AM
    So amazing, a long journy starts with one step xx

    So proud of my brother
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