WE’RE DEBT FREE!!

WE’RE DEBT FREE!!

13 months
£21,162 debt cleared
£377 p/w average paid to debt

For every time we’ve said no to going out.
For every time we couldn’t buy new things.
For every time we’ve sat and budgeted instead of just spending.
For every time we had to ask our friends to do something free… this was why ❤️

As most of you know we’ve been determined to be debt free (aside from our mortgage) before the end of this year.

Well we’ve made it with a full month left to spare. It’s been a hard slog for us to be honest and has completely changed how we think and how we act. A lot of this year has been about learning that it’s ok to say no to things. We can say no to each other; say no to other people and say no to instant gratification because we have a long term plan. However that ‘no’ doesn’t mean that we can’t live now as well- we’ve just changed the things that bring us joy.

A year ago if you’d asked us what we wanted when we were debt free I have no doubt we’d have listed a big bunch of expensive things. Now, while it’s true we still want some of them, the top things we’re looking forward to buying are a bit ridiculous. I cannot wait to be able to buy a new liner for my slow cooker and some branded rubber gloves. For husband he wants basmati (instead of long grain) rice and to be able to buy some crisp snacks on a weekly basis when we shop. That might seem a bit sad but sacrificing little things like that for the last year has all added up to being debt free now!

We will finally be in control of the money that we earn. It still feels a bit unreal that when I get paid at the end of the month we don’t have to give that to anyone. It’s just ours, to save, give and spend as we see fit! Normally I get paid, it goes into our joint account and then straight back out to pay the loan or credit card. We own absolutely everything in our lives now apart from our house. No credit cards, no overdrafts, no car finance, no finance at all actually. It’s all ours. Our motivation now is to try and save almost as much as we have been paying to debt. If we can get anywhere close then we’ll have our emergency fund sorted in the next 6 months which would be amazing.

It has absolutely, 100% been worth knuckling down for a year. It has changed our spending habits for life and made us allergic to debt! We mucked it up loads of times as well so if we can do it then definitely anyone can ❤️

 

 

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Thankful thoughts

It’s officially Autumn now and there’s a definite pity party happening in the household at the moment… I’m fed up of it and everyone around us must be as well. We have an amazing life so to try and head it off I wanted to write down just some of the things I’m grateful for.

There are many things I could start this list with but I’ll start with the sappiest one and say my husband. I often sit and marvel that I’ve been blessed with such a beautiful man inside and out. I appreciate more and more the wonder of finding someone who wants the same things for our future and will bust his butt to get them for us. I asked him the other night what inspired him to do what he did (it was a question I’d struggled to answer that day when asked in work) and he said providing for me. He is motivated because we want our future goals to come to fruition ❤️. How often would you find a man who’s willing to run the same budget numbers with you every night just because it keeps you focused?!

The next thing I’m supremely grateful for is my friends. At 30 I have best friends, actual movie style best friends, who aren’t just my family. It’s something I haven’t had since I was 15 and it’s odd and great! It’s been a whole learning experience for me. Two of my closest female friends do me the very great honour of allowing me to call myself Aunty to their babies. They let me bug the life out of them by hanging out at their house and drinking tea and playing with my beautiful niece and nephew for hours on end. I’ve now been asked to be Godmother to a gorgeous new Godson who will arrive in January. I don’t know if I can describe how humbled and amazed it makes me feel to have both these ‘titles’ for these tiny humans. I love them unconditionally and it is a phenomenal thing for me. It also means I have people who are at the same point in life as me and who I can talk to or even bitch too when I am having a bit of a crap day. To have people understand or just listen is great. They are there to just text or go and see and sometimes I just have to remind myself that that isn’t an inconvenience for them, they actually don’t find me that boring! They’re also the ones who have been there every day when I’ve been honest and said I can’t afford to do something. Instead of just avoiding hanging out with me they’ve happily spent time doing free stuff with me. They’ve also put up with the fact I haven’t even been able to get them a birthday present this year or indeed buy anything for them (the absolute hardest thing for me!).

I was also asked this year to be bridesmaid to one of my other friends. A complete surprise and a wonderful one. This is the first time I’ve been bridesmaid for someone who wasn’t family. It makes my heart happy that someone would want me to be up there, right next to them, on such an momentous occasion. All of these things just make me sit and think wow. These beautiful beings could have chosen anyone for these things but they chose me (or got stuck with me in the case of the babies 😂). I honestly just feel so lucky to have such caring people surrounding me.

I also have more friends than I know what to do with to be truly honest. I’m not a great socialiser at all, I like who I like and would do anything for them but that tends to be a very small number. Thanks to my job I find myself surrounded by amazing and interesting and funny people. They all seem to be willing to have me as a friend and actually want to talk to me and meet up with me. It’s been really difficult the fact that I’ve had no frivolous money to go out for tea and cake with these new friends but we’ve made it work.

I’m also really grateful for husband and I’s jobs. There are so many people we’ve read about, going through the debt journey, and they’re biggest problem is their income. I have a job which I love and that has been able to double my hours since the start of the year. This is through the generosity of my managers and it has obviously made an immense difference in our ability to clear down the debt. I also love what I do, I spent years in jobs I didn’t enjoy but now I get to love going into work every day. I’m working from 4pm till 2am today and I honestly can’t wait for it! I know that not a lot of people can say that about their jobs.

My family are the other area where I’m filled with love and blessings. I have a fantastic family. They drive me up the wall a lot of the time but that’s what family are for. I have been blessed from the second I was born with my family and I doubled down on it when I got married and had another amazing family take me in and call me their own.

Lastly I’m grateful for all the opportunities we’ve been given. No matter what we need God always seems to give us a way of getting it. No matter how badly we’ve screwed up or when we’ve got sick and tired of budgeting etc etc, we always seem to be able to get back on track. I’m so grateful for all the times that this has happened. We are blessed with a life of abundance and that’s what we need to focus on just now instead of the few small things that we’re griping about. This autumn is definitely a season of big change.

 

 

 

Debt journey …

Its been a long while once I wrote about our debt journey. We have still been working on it but have been having various amounts of success and setbacks.

As I’d previously said in November we very stupidly booked to go to Florida again which we did in June. This cost us a lot of money and we did put money on a credit card while out there so that was the biggest setback…we have made good inroads since coming back though and we’re really determined to still get this done by the start of next year. 

Our debt as it stands is a loan for £6695 and the credit card with £1135 so combined debt total of £7830 excluding our mortgage. 

We sat down and did a paper budget this month. As we’ve been decorating then the computer is dismantled so no spreadsheets! It was actually good to sit and write everything down although it is slightly depressing to realise that currently i work purely to pay our debt. However that won’t change till we get rid of it! Since we came back from holiday mid June we have so far managed to pay £1210 back off the debt. If we could continue this then we would make our final debt payment in February 2018. That’s against a final payment projection of September 2020 if we had continued with just our standard payments. So really it is good but its not good enough! My absolute ideal is to make our final payment in December of this year but unless one of us has an unexpected pay increase or bonus then I don’t think that’s realistic.

I get paid this week so we still have one final overpayment to make. It should be for £243 if I get paid what I expect too. Then based on our predicted monies for next month we should pay another £1100 to debt which would put us to just over £6700 left to pay. The figures are definitely going in the right direction.

I am also in the mood to sell everything (or a lot of things anyway) to try and make December a more feasible target for clearing debt. I’m currently just trying to figure out the best way to do it. I’m using marketplace and shpock app because they’re free to list but not having much success yet. So the next option is car boot sales I think, looking around for the best value ones to go to. I have also tried ebay but again nothing seems to be selling yet. 

That’s where we are just now, we both need to try and use our other skills to get it cleared faster and stay focused!