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Debt mutual support thread number 6 ....... start the new year with a clear purpose and keep moving forwards even by tiny steps

999 replies

TalkinPeace · 13/12/2014 13:53

This thread follows on from the last five threads in the series, the most recent of which is here.
www.mumsnet.com/Talk/legal_money_matters/2193736-Debt-mutual-support-thread-number-5-the-light-at-the-end-of-the-tunnel-is-NOT-an-oncoming-train?

We live in a society that makes it horribly easy to get into debt but makes it incredibly hard to admit you have a problem and even harder to get out of debt.
The posters on threads, new and experienced, are here to help people get to where they want to be.

I am not in debt, any more.
Here is a link to some spreadsheets that might help
www.mumsnet.com/Talk/legal_money_matters/1987219-SPREADSHEETS-for-Debt-Control-Budgeting-Mortgages-etc

and lots of people use this
YouNeedABudget

The important things to remember are

  • yesterday is as past as the Crimean War
( we will not judge how you got into debt, but we will support you on the way out )
  • this is an anonymous forum
( we will not tell your employer, family or friends of the reality of your numbers and we are here day and night )
  • this thread is about supporting people through the huge mindset changes needed to come out of debt
( feel free to offload all of the feelings that drive you to want to spend, that make it hard to save and that generally make life crap at times, including getting those closest to you to recognise the changes needed )

Join in, bare your soul and come out the other end.
Its worth it.
You are worth it
The long term results for you, your partner, your children, and your friends and family are worth it.

OP posts:
Baddz · 29/12/2014 19:32

The loan is on a 4% rate for another 2 years.
The cc was on 0% but it's ended now and Dh is very against moving it again....he seems to think it looks bad on your credit rating?
I don't mind about the hols. I find them quite stressful!
Will just keep paying down the cc and next account...doing as tip suggests.
Once our overdrafts are gone we need to start saving

TalkinPeace · 29/12/2014 19:51

Baddz
what looks bad on a credit rating is missing payments and having multiple cards on minimum.
If you move the balance and it clearly reduces every six months, and your borrowing : income ratio improves, so will your rating.

OP posts:
Baddz · 29/12/2014 20:26

I see.
We have one cc and have never missed a payment for anything.
I can now officially tell him he is talking rubbish Wink

Baddz · 30/12/2014 18:00

Well...back from town and have done quite well in the sale!
Managed to get 3 toiletry gifts for £2 each :) that's Dhs aunt, and 2 cousins sorted.
We have wine for the 2 men (hope they like it)
Got all the b day cards I need for January too. I ready have a gift for ds2s friends party.
Just mums b day now....
Dh has come up with an idea that might allow us a week away...asking his parents to come too :) will cost £350 instead of £700. Think we can manage that.

Fluffycloudland77 · 31/12/2014 08:00

.

KinkyDoritoTwirlinginto2015 · 31/12/2014 08:03

Hello!

A new year is upon us. I have just started reading a book about clutter by Don Aslett and lots of lightbulbs have pinged in my head.

The general message is TOO MUCH!

2015 is a year for less. I weigh my heaviest in years (have over 4st to lose Sad), I am overwrought with work, my house is a cluttered tip and my sanity is on the brink.

So, my resolutions are less: less spending, less eating, less work, less clutter.

(More exercise and more relaxation techniques.)

I have to have a radical lifestyle change as I will end up in an early grave if I carry on as I am, or my chronic illness will overtake me and I'll be left unable to function.

So, 2015: bring it!!!!

popperdoodles · 31/12/2014 08:45

feeling crap....fell off wagon yesterday Sad. we were given some vouchers for Christmas but got carried away and spent an extra £70 on home stuff. It was useful stuff but not essential. Felt a bit sad in car on the way home. new year new start?
Dh has been a bit of a twat since xmas day, behaviour of a teenager. going out as and when he chose with no consideration of me or cost. had big row one night and told him I wanted him to grow up and that I wasn't his mother and was sick of him being an extra child.
Not sure if it's because of the new year but this morning he was up early setting up some kind of spreadsheet. He had to wake me because he doesn't have a clue about our monthly expenses. Believe it or not but he manages multi million pound budgets for a living!!! I am so pleased he is showing an interest but I reserve judgement until I see it reflected in his spending habits and general behaviour.
He is doing all sorts of long term projections which I don't really follow. I just want to get back within our means again!
hope you all had a lovely Christmas and are feeling positive about the new year.

Fairylea · 31/12/2014 09:00

Hello all... Tip the forms came already re the parish! Thank you :)

We are just having the shittest time ever. After a disastrous christmas day where I reacted badly to a toddler tantrum (didn't blow my top just literally stopped talking to anyone as felt I'd had enough) dh has basically stopped talking to me. We haven't really talked since Christmas day. I feel like he doesn't cope with me being stressed about anything. Life is pretty miserable right now and I'm struggling to be Mary fucking poppins. He seems to view this as me being unhappy with "us" when it's not that, it's just sometimes I really wish the kids would disappear! Well you know what I mean.

Like today, ds 2.5 woke me up at 5.30am. I have promised dd 12 that we would go into the city to spend her christmas vouchers. So I'm going to have to deal with a cranky toddler and an over excited teen all day and because I'm driving and it's an hour drive each way I will get no rest at all when everyone else can sleep in the car!! (Dh can't drive and we can't afford for him to learn). Yep it's all normal stuff but I'm so peed off with it all. I had to get up with ds as dh didn't get in from work until 10.30pm last night.

I'm so drained with it all.

I feel under immense pressure to make new years eve more of a success than christmas day but that makes me feel even more stressed.

Roll on tomorrow. .

Baddz · 31/12/2014 09:10

Oh fairy Hmm
Both my dc have been ill all over Xmas (and before...and always in fact Hmm)
I am so tired. I know exactly what you mean wrt the kids.
It's unrelenting - and at times with dh I feel like I have 3 kids Confused
Early waking is a nightmare!
Hope today goes ok for you ....coffee! Smile

Baddz · 31/12/2014 09:11

Luckily I have never celebrated new year.
It's such a non event for me I have only just realised today is NYE! Shock

nocutsnobuttsnococonuts · 31/12/2014 10:24

kinky that feeling feels very familiar. our house is full of clutter, I struggle to let things go and when im upset/frustrated or bored I shop which adds to it. I think part of my problem getting rid of stuff is knowing how much it cost and how its a part of the debt so dont want to give away but in most cases cant really sell.

on another thread there was a link about sunk costs which really made sense - basically saying you've spent the money and you won't get it back so why keep it if it makes you unhappy. same applies to food - dont use your body as a bin so u dont waste it - im really bad at this forever eating too much because I bought it/its going in the bin anyway. .

so yesterday I made a start on the 100's of dvds and books in our lounge got rid of 2/3rds of our dvds, and over 80 children's books. this left a bookcase I really don't like and annoys me everyday empty. I put it on a free site and now its gone. our lounge now feels bigger and more homely, its now a room I feel happy and relaxed in. the next step is to look into some form of shelving unit or shelves to display the lovely ornaments in my mums loft that will bring both dp and me joy. I am putting dvds and books up for sale in next few days, if unsuccessful I will either donate or use music magpie or similar. I will never get back what I paid but keeping them isn't making us happy.

sorry that was really long. .. hope some of that waffle makes sense Grin

RichardParkerTheTiger · 31/12/2014 10:36

This reply has been deleted

Message withdrawn at poster's request.

nocutsnobuttsnococonuts · 31/12/2014 10:37

fairy its one evening to bring in the new year dont fret. if dh wants a perfect family evening let him organise it. Otherwise eat the left over chocs/goodies, stick on some family film and chill out! no need to make a massive fuss.

or if u feel up to it and the mess make up some cookies (or buy value digestives) stick on some icing and let children go crazy with decorations! mine love this as a treat activity and doesn't cost very much to do. my 2.5 yr old spends more time licking things and eating the decs though Grin

for today can u split off during shopping with just 12 yr old and have a quiet coffee for a break from demands of a toddler or leave dh with both so u can nip off and grab something even just for 20 mins? I find sometimes a bit of alone time does me a lot of good - even nipping to local shop alone for bread!

TalkinPeace · 31/12/2014 16:27

Fairylea Glad the lady was swift on sending you the papers.
For those wondering, there ARE funding organisations out there who can help with emergencies that do not advertise, but I'm rather good at finding
I know you are really tired, but if needs be go out for a walk or scream at us - I'm quite happy to have an in box full of swearing - better me than your kids / DH Xmas Smile

Popperdoodles
Ah yes MAN spreadsheets.
He'll rattle off years into the future with discounted present values and all that crap, but not leave money in the bank to buy milk.
Encourage him, but tell him you'll look at the long term once the short term has proved accurate for three months Xmas Grin

Kinky
You have some resolutions that you can keep - and that all dovetail
as Eating less = spending less = having less stuff in the house
result in
Getting less broke ~ Getting slimmer ~ having a more organised house
SORTED

OP posts:
JontyDoggle37 · 01/01/2015 09:10

Morning all, I've made a good start on the new year by sitting down with bank account online app and spreadsheet for this months expenses and checking where I am with everything. January is always a bit tricky as I get paid in 20th so December tends to bleed into January, plus it's possible to get a bit carried away while on holiday, which I have done, although not too bad. So, I paid off the cards, as noted before, and have the money aside to pay my share of the new pushchair, plus all household bills, getting my wedding dress cleaned, and the horses. What this morning told me is my overspend during the holiday means I have no personal 'treat/nonessential' money now until I get paid at end of January...nada. So no coffees, no eating out, no extra maternity clothes, nothing. This will be a good test :0). On the plus side, I did my tax return just before Christmas and got £128 REFUND (this never happens to me!) plus I've just sent my old mobile phone off to sell, will hopefully get £80 for it, all of which is going to the pushchair fund. (DH is paying half of everything as well, please don't think I'm paying it all, but he has more freely disposable income than me as he doesn't have horses to pay for). So, mostly really good news because I've managed to eke so much out of this months money and clear so much debt already, but a tight belt required for January. Oh, and after gig he did last night, DH should have another £250ish to give me this morning which I can put into the savings account to pay his card off in March (it's in 0%, so we'r just going to pay it off completely in one lump, it doesn't matter if we don't pay it off a bit at a time). Glad I feel sorted and sure about what I have/haven't got. Happy New Year everyone and wishing everyone better a financial year, and hopefully even a debt free one for lots of people!

KinkyDoritoTwirlinginto2015 · 01/01/2015 18:34

Well 2015 will be starting with loss of earnings as DH is really rough and won't be going to work tomorrow. Hopefully 2015 will be the year that he finds a job nearer to home that pays for sick days...

TalkinPeace · 01/01/2015 20:21

Well I was a damp squib last night - having felt ill for three weeks - and the weather was shite today
so I processed a couple of tax returns
(the HMRC server runs like the clappers on bank holidays)
am up to date on work which is nice

SO
Life's a bitch and then you die
or to put it more positively : make your own good fortune
it is out there

OP posts:
midnightmoomoo · 02/01/2015 13:38

Happy New Year everyone!

I have decided to be positive this year and not let our situation beat us. Sold a long winter coat on eBay this morning and realised that I don't have to wait for £50+ in PayPal before I can withdraw funds! So that helps loads as I can take money as I sell and put it in the pot to go towards the ccs.

I have bought a diary which will be my financial bible so this afternoon I will be getting things in order. We have over £300 credit with our energy supplier so I rang them and they said they will take next months Bill from it (so the £150 dd I can put onto a card) and refund the rest at the end of January (which I will also pay onto a card) and then the dd carries on from feb as that's our annual review time. Pleased with that. We've been in credit in both gas and electric since October 2013 which is good, we are careful but I do use the tumble as with five of us plus sports/swim stuff five or six times a week it really builds up! I don't use the tumble all the time though, just for things like towels and bedding.

DH WILL get a job soon. Come on universe, please!

DennyDifferent · 02/01/2015 14:02

Hi there, I hope its OK if I join!

DH and I are currently £15000 in debt, with repayments of £440ish for the next 3 years. This is a consolidation loan and already just having one payment and one lot of interest (at 3.9%) has taken a weight off my shoulders. It will require a lot of discipline to find the £440 each month but it can be done, so it will have to be done!

The main reason we want to clear our debt is so we can adopt we already have 1DC and adopting a sibling form them is an excellent motivator to pull our fingers out and get our debt under control!

I will read through the old threads and look forward to getting some tips and advice on how to make this work every month!

Happy New Year!

TalkinPeace · 02/01/2015 15:14

Hi there Denny and welcome to the gang.
Having all of your existing debt in the one loan is fine so long as you make sure that you bring spending under control to ensure you never need another one.
And your reason for wanting to change things is a most excellent one.

OP posts:
TalkinPeace · 02/01/2015 15:15

PS
Fingers and toes crossed for the 2015 job hunters Smile

OP posts:
Baddz · 02/01/2015 15:19

I am hoping to get back into volunteering.

Screenclean · 03/01/2015 10:56

I'm going to write a very long and musing post which probably won't require any response, just to get it down.

We now owe £18k. This is down from £45k (sold a car). We're paying it off at about 1k a month. This leaves us with money for a comfy lifestyle and irregular expenses.

I am remarried. Dh had loads of equity in his previous property and is a high earner. I work pt, earn half what he does and have 2 children. The can we sold was his lavish bachelor one, and now we have a sensible baby bus!

I am OBSESSED with money saving and being frugal. He's really laid back. The debt we have now is probably mostly mine and what was left over from my first marriage.

He is the most awesome human being and I adore him. He's so kind; a real good egg. He is generous to the max. First to the bar, last out the taxi etc. no-one takes advantage but he's a popular social chap.

So he's my inner struggle. He doesn't have expensive hobbies or anything, but does enjoy going out to gigs etc. We share an I-calendar. He's at work now, and up pops a date for a gig. I know he'll have seen a mate at work who have said 'oh x are playing on x date; are you up for it?' And of course he's said yes - it is genuinely one of his favourite bands. I just looked it and thought 'if I wanted to do that, he'd be really happy, and would look after the kids but I just don't feel I can'. I have to wrestle with my own conscience. We can afford it. We have 150k of equity I this property (all his doing). If I wasn't with him I'd be a single mum being topped up with tax credits in the rental trap.

He has never made any mention of me working more, or finding a better paid job.

Today I know he wanted us to go for a lovely winter walk and eat in our favourite restaraunt tonight. I've said we should eat the freezer food. Leftover Xmas food; you know pigs in blankets etc. he's absolutely fine with that.

I feel like A complete mood Hoover. He'll tell anyone who'll listen what a fab wife I am and that his finances are in much better shape now. He was just really disorganised and never sought vouchers, good deals etc.

Anyway I don't want to change him. I need to change my reaction to our lifestyle. After all, we can afford it. It's just I see the end goal, and we've agreed we'll go on a great trip once it's paid off, so he does see it too. I just really go gazelle intense day to day.

One more thing. I can't believe I'm going to write this. He has some wealthy elderly relatives. I would NEVER rely on inheritance. However, I can't help thinking that actually in a few years this whole slog will just be resolved anyway. I know, I know that's a terrible thing to say, but it's a really unusual situation of childless distant relatives who have explicitly said its coming his way. Even if they did all go into expensive nursing care there would actually still be some left. ARGH!

Right. So there we are. If anyone wants to share some thoughts, feel free!

TalkinPeace · 03/01/2015 11:10

Screenclean
You recognise how lucky you are to have a good life partner.
He recognises how lucky he is that you want to bring up your children in a debt free life.
At your current rate that will be done in a couple of years.
So, start to plan for the debt free life.

Go out for supper together once a month - nothing fancy, just fixed price at the Chinese
Take the kids out for lunch somewhere once a month - again nothing fancy, just a pub lunch after a walk.

Then you get the eat leftovers out of the freezer and enjoy the fruits of his hard work.

And why would he want you to work more?
Your short hours allow him to rely on you to run the house and the kids.

As for the elderly - do not count that till it clears into your bank. I did and then medical bills chewed through the lot - fat six figures all gone.

OP posts:
MyOneandYoni · 03/01/2015 11:19

Marking place for ideas...