Money Wise Talks 23/12/2021

The last Money Wise Talks post before Christmas!

As I said last week, excitement has been brewing in this house for over a week now and it’s ready to EXPLODE!

I’ve not yet broken up from my full time job yet which is a little strange as for the last few years of teaching and studying I have always had two weeks off for Christmas. But it’s been no problem at all, my daughter spent time watching all her programs on TV and generally chilled out, which in a normal week we don’t do much of and the lucky girl even had a few days out with my parents being completely spoiled – as always!

We are still watching a Christmas movie a day. Both old films and new. Two of my favourites this year are “The Boy Called Christmas” and “ELF”. The Boy Called Christmas is a magical film that brings back those lovely memories from my childhood. And the film Elf – well I have not laughed so much at a film as when I watched Elf. The part where he gets excited about seeing Santa is my favourite. Both are definitely worth a watch.

This last week money wise has been bad. I have my head completely in the sand with regard to what I’ve spent. I know I need to face it and by preparing this post I am forced to look at some of the damage. I don’t know how I get it so wrong. I know most of my spending is emotional – feeling I need to make it up to my daughter in gifts for the lack of her not having a dad in her life. I’m tight all year and then Christmas it goes out the window! Single parent guilt sucks!

This week I have spent lots of time thinking about my current debt position and how I feel about going into another year with debt hanging around my neck and to be honest it’s pretty depressing.

Yes I’m making progress

Yes my debt is going down

So why does it feel so urgh then?

I think it’s because this debt payoff journey has been going on so long. As I’ve mentioned before in my story, I have been focusing hard on paying this debt off since 2020 but really my journey started before that, just with less focus.

To focus on something intensively for a long period of time is mentally exhausting. That’s why I have so much admiration for people who take a little longer to pay off large amounts of debt. Even when compared to people who may have paid off a larger amount of debt but over a shorter period of time. That focus requires a real determination and strength. Sometimes I just don’t feel I have the fight for it anymore. And then the positive Heidi is like, no stick with it, go hell for leather this year and it will be your last!

But’s that what I said last year!

Car costs and a change of job – well career (not planned, but the best move I have ever made job wise) changed the projectory of my debt free journey. And with a few ‘mess ups’ along the way (completely expected) here I am with what I think is the same amount of debt I had mid 2021. I feel like the last six months of paying off debt has been for nothing.

So plans for 2022 are currently between – Stuff it V Go for it one last year!

Hopefully after Christmas, it will be the latter. I will sure update you all very soon!

Options currently include;

  • No spend year
  • No alcohol for a year
  • Cancel subscriptions – Sky, Disney plus
  • No investments, sinking funds
  • Cut up all cards including debit cards and only use cash
  • Get a promotion in full time job
  • All of the above

What have I spent this week?

£10.40 Snacks

£60.00 Cash out

£7.88 Macdonalds

£45.32 Home Bargain Teacher presents and stocking gifts

£26.92 Post Office posting cards

£5.38 Macdonalds

£249.16 Morrisons Christmas food shop, covid food shop- hoping it lasts till the end of January!

£42.61 Petrol

£10.99 Amazon Fish accessories

£113.46 Amazon Fish accessories

£3.69 Amazon treasure hunt cards

Total £575.81

I don’t even want to acknowledge that figure.

How many times is it ok to fail at something before it’s time to throw in the towel?

Asking for a friend.

Over this journey I have tried and am still trying to understand my own relationship with money. Whilst I love reading about other peoples stories about their own debt journey’s, I seem to miss the parts about it being bloody hard work! Or is it just me? I don’t think for one second I am the only one who finds paying off debt really hard so it must be that people miss that part out. But I want to share mine because as I’ve said before, its not all sunshine and lollipops. It’s emotional and draining whatever your situation, but even tougher doing solo.

I want to be the one at the end of 2022 who has no debt. I want to start the next part of the journey of saving, investing and buying property. I want to show other people out there – single parents, parents, young and old that paying off debt can be done on a low income. That financial success is available but the road towards it isn’t paying for courses or resources but good old fashioned hard work, focus, grit and determination.

We. Can. Do. This.

Whatever you’re doing this Christmas, stay safe and have a lovely break.



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