My Debt Diary!

mumzyof2 · 30 December 2007 at 9:08PM

Well after a few months on MSE i have decided to write my debt diary mainly for myself to look back on when i am debt free to show myself how far i have come. I will post on here anything i pay off and also How much i spend each day on general items that aint budgeted for.

My SOA

Child Tax credit - £81.72pw/£326.88pm (4weeks)
Jobseekers - £95pw/£370.00pm (4weeks) - we do get this every 2 weeks of £185.00
I also get Child Benifit every 4 weeks £120.80 but i have not counted this as it all goes towards my rent.

Debts (as of this months statements)

Next - £358.50
02 - £100.00 (in arrears)
Littlewoods - £139.16
Oh's Littlewoods - £311.94 (he missed payments and they wouldnt let him pay £40 a month so has now gone to a debt collector where we will be able to pay £40 a month
Oh's Lolyds O/D - £371.64 (we havent payed anything of this and they keep adding charges
Virgin Media Debt (from previous house) - £136.94 this is with a debt collector and i pay £34.00 every 2 weeks
Capital one - £571.03 I pay minium payment which this month is £120.00
Moorcroft (orange phone bill) - £100.00 (it was £250 last week but had to pay £150 off to stop them bringing someone to my home)
O/D - £700 (old bank account going to start paying £50 a month when all my money goes into my new account)
O/D - £100 on new account :$

I do not know any APR's on any debt.

Total Debt (if iam correct) is £2868.18

Household

Rent - £575.00pm (we get £370.00pm paid, i use £120.00 child benifit to cover rest and so im left with £85.00 to pay out of my income above, we start paying rent March 8th as we have paid 6months rent upfront and it ends on that day if that makes sense)
Tv licenece - £35.14 (every quarter)
Water - £13.36pm
Gas - £15.00pm (just changed supplier it was £20pm)
Electric £15.00pm (same as above)
Contents Insurance - £11.27pm (changed company use to be £18pm)
Phone/Internet/Tv - £100pm (an estitmate as £100 its higest it ever been due to family living abroad.
02 contract - £35pm (when we get out of arrears)

Total - £201.34 ( i divided tv licence by 3)

so i should have left over £495.54 after household bills come out

I will be paying the 02 arrears and the moorcroft off on the 7th January. I get paid tomo child benifit and il be paying min payment on next and tv licence due on 2nd so i wont be spending any of the £120.80 i get tomo if i can help it. I was due to pay Virgin debt tomorrow..but cant afford as it will leave me with 13pound till the 7th January.

I need to start saving for my holiday in april (just need spending money of around £400 for all of us)

I really need help in someone pointing me in right direction as i dont have a clue how to pay all my debts as well as paying somemore off a debt here and there. and also start saving for my holiday.

My aim for 2008

1) Start the grocery challenge every month and try and get bill down to £100 a month for all 4 of us.
2) Keep up with my sealed pot challenge
3) Pay off all my debts
4) Start some more challenges
5) Try some more own brand foods
6) Quit smoking
7) Use quidco alot more
8) do daily clicks

Thanks for reading and i hope this doesnt get boring for you, but as i said its more for me really so i can look back and see what i have achieved.

Kerilinann · 30 December 2007 at 9:16PM

Good luck

xx

lilmissmup · 30 December 2007 at 9:19PM

I will read mumzy, i know you can achieve your goals! :j

mrsdoyle1981 · 30 December 2007 at 9:23PM

i stopped smoking on 30th april this year, and what i used was allen carrs easy way for women to stop smoking book.

its brilliant so ive passed it on to colleagues but it was only £5 or so on play....def worth a look!!

good luck xx

mumzyof2 · 30 December 2007 at 9:23PM

Thanks i forgot to add my rent i have added it in now i hope it makes sense. Hope i can do this.

mumzyof2 · 30 December 2007 at 9:25PM

mrsdoyle1981 wrote: »

i stopped smoking on 30th april this year, and what i used was allen carrs easy way for women to stop smoking book.

its brilliant so ive passed it on to colleagues but it was only £5 or so on play....def worth a look!!

good luck xx

two people off the stop smoking forum sent me a book each.. i have kept the paul mckenna (cant spell it) book and my mum has took the other to borrow so going to start reading that. I have 600 cigs left till i stop smoking lol my mum bought them over and gave them me for xmas so at mo my cogs are free, which is one of reasons why i am going to stop because at the mo iam saving so much money and i will be able to see how much i will save when i do quit the cigs.

Frugaldom · 30 December 2007 at 9:28PM

Well done on getting everything written out in black and white. Now you need a touch of financial OCD and you're all set for the new year. Bet you're addicted already, though LOL Good luck, we're all behind you on this.

spud30 · 30 December 2007 at 9:31PM

Good luck Mumzy - you can do it :beer:

mumzyof2 · 30 December 2007 at 9:32PM

Thankyou everyone

mumzyof2 · 30 December 2007 at 9:33PM

nyk now looking at my soa do you think i would be able to do the live off 4k a year??? or even 5k

Lemon_Tree · 30 December 2007 at 9:38PM

good luck, i'm sure you'll achieve everything you want to, a diary's a good idea to keep yourself inspired and on track. I'll keep reading, i can't face starting my own diary so i read and chat on others. Happy New Year