Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Honeysucklelou2
    • By Honeysucklelou2 31st Dec 16, 4:05 AM
    • 484Posts
    • 1,773Thanks
    Honeysucklelou2
    From debt to freedom...
    • #1
    • 31st Dec 16, 4:05 AM
    From debt to freedom... 31st Dec 16 at 4:05 AM
    For a couple of months I have been lurking and reading diaries which have been helpful and inspiring. I thought that I would start a diary to keep myself focussed on getting rid of the debts.

    I am a working mum, recently separated from my husband. I have a large family which makes for an interesting and busy life! I have had a couple of LBMs in recent years and tried to stick to a budget. I had 2 loans totalling 17, 000 at one point. One loan was paid in Aug 2016 and the 2nd has just over £2,000 to go and is due to be paid off by August 2017.
    Other than that, I have a cc with a £475 balance, 2 home improvement loans ( for double glazing) that both have about £1700 outstanding. These have a horrible interest rate of 22%, so I'm eager to tackle these first.
Page 17
    • Cherryfudge
    • By Cherryfudge 6th Nov 17, 9:10 AM
    • 890 Posts
    • 3,783 Thanks
    Cherryfudge
    I reminded the, that I was their mum and not a multiple choice restaurant
    Originally posted by Honeysucklelou2
    Absolutely!
    • Honeysucklelou2
    • By Honeysucklelou2 10th Nov 17, 2:46 AM
    • 484 Posts
    • 1,773 Thanks
    Honeysucklelou2
    It's been a busy week again at work. I went into work today (Thurs ...whoops that should now read yesterday) reminding myself of the menu plan. I told DD4 what was on the plan so that when we were driving home, she reminded me preventing a repeat of last week. Unfortunately though, I did have a pizza night repeat on Wednesday evening as the ex didn't turn up for the children. I usually just have a bowl of rice pudding or something similar on a Wednesday evening and the children eat with their dad so I don't plan or buy food for Wed. This week I did get pizzas, just to have something to feed them quickly.

    I took my dog to the vets yesterday as his cheek still didn't seem to be healing. The vet put him on a dose of antibiotics to get rid of any infection near the wound. Another unbudgeted spend of £46.

    DD2 then wanted her driving theory test arranged so another £23 went out. It these unbudgeted spends that are frustrating as well as throwing out planned spending.

    I need next week to be a low spend week if not a no spend week. On the plus side I was able to stay away from Tescos for 3 days as the menu plan worked well last weekend.. I've still got to make the promised carrot cake for DD4 so will try and do that today so they can enjoy that over the weekend, not that it will last a weekend! DD3 is doing DT food, following in DD2's footprints, and made a tea ring this week. It's tasted like an adaptation of a Chelsea bun but done in a large ring rather than individual buns. I've suggested that she might like to practice the recipe over the weekend.

    Last weekend I did get some dried fruit ( though might have to top it up after the tea ring took a chunk) and the smallest, cheapest bottle of brandy, so will try and get the fruit soaked to make a Christmas cake at some point this weekend!
    paydbx #90 £475/£10,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • MeandO
    • By MeandO 10th Nov 17, 8:16 AM
    • 1,158 Posts
    • 5,645 Thanks
    MeandO
    I'm in awe of your baking HSL and the toffee apples - I remember making those once with my Mum when I was small. what lovely memories you're making together. xx
    Savings: £1700/£2000
    Mortgage Feb 2015: £102,000
    Mortgage now: £78,000

    "Life shrinks or expands in proportion to one's courage" - Anais Nin
    • Cherryfudge
    • By Cherryfudge 10th Nov 17, 11:38 AM
    • 890 Posts
    • 3,783 Thanks
    Cherryfudge
    Your DD is welcome to practice the tea ring in my kitchen! I might even offer to do a taste test.

    I bought a bottle of Mr T's cheapest brandy last year for the Christmas cake and most of it is still there so I've used it for this year's cake too. I wonder whether value brandy becomes better over time?

    I hope the antibiotics do the trick and your poorly dog is soon better. Yes, unexpected costs do throw a spanner in the works... Hope DD2's driving theory goes well! How long is the waiting list?
    • Honeysucklelou2
    • By Honeysucklelou2 10th Nov 17, 1:28 PM
    • 484 Posts
    • 1,773 Thanks
    Honeysucklelou2
    She's got a test booked for the end of November, but I was surprised that we had a good choice of days.

    I have used Mr T's cheapest gin before and filled it with blackberries and apple as flavour. That was about 3 years ago. I drained the fruit off and the gin is potent I'm told. Daren't try it!!
    paydbx #90 £475/£10,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • Spendless
    • By Spendless 10th Nov 17, 6:18 PM
    • 19,636 Posts
    • 31,718 Thanks
    Spendless
    I reminded the, that I was their mum and not a multiple choice restaurant
    Originally posted by Honeysucklelou2
    Haha, love it. Some years ago I invested £1.99 in a notice from The Range that reads 'Dinner Choices 1: Take it 2: Leave it'. It's hung on my wall near the table. It worked well for a while, then 1 day last year DD came home from school announcing she was now a Vegetarian, a faddy one, who doesn't like most veg...

    I can see the occasional but quite a large chunk unexpected expenses are causing a bit of a curve ball.

    Are you in a position to build up say an emergency £50/100 just to be dipped in to now and then when something crops up?

    I'm guessing tax credit situation still isn't sorted?
    • Honeysucklelou2
    • By Honeysucklelou2 11th Nov 17, 10:11 AM
    • 484 Posts
    • 1,773 Thanks
    Honeysucklelou2
    The emergency fund in an NSI account is standing at about £300 at present but takes a week to get any into the current account, which is a good thing in one sense that it is a considered transfer. I do have a savings account that I can use by phone that has about £20 in that I could build up to £100 as a mini emergency fund account....
    Thank you Spendless, that's a god idea.

    The tax credit situation is sorted in the sense that the single claim has gone through and payments are happening but I still need to find time to get to CAb to ask if I can contest the amount HMRC say I have to pay back. I did tell 2 IRL friends about it yesterday and they were horrified.

    I did do a menu plan yesterday and included a back up plan for Wednesday in case the ex doesn't show up again. I've found a useful help is to tell DD4 what we are eating and she reminds me on the drive home. She has also helpfully copied out my menu plan onto post its and stuck it to the kitchen cupboard at eye level height so that everyone knows

    Fruit for the Christmas cake is now soaking ready to be made, perhaps tomorrow.

    Am hoping to take the children to a free exhibition today that is only there for another week, connected to Remembrance Day. The only cost will be the train fare there but since we rarely go anywhere by train, that journey in itself will be a treat!
    paydbx #90 £475/£10,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • louby40
    • By louby40 11th Nov 17, 7:55 PM
    • 1,161 Posts
    • 3,181 Thanks
    louby40
    In awe of your baking skills. I’m rubbish.

    My eldest son has just passed his theory test (4th attempt!!!) he has his test on the 4th January.

    His dad has bought him a cheap car and I have his insurance saved, it was a child trust fund thing that I saved into for about 10 years, it matured in February so I’ve just been keeping it safe (and borrowing from it occasionally)

    So excited for him and praying he passes. Oh to be 18 and free!
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £50/600
    Kitchen July £12,493 OCT £10,493. 18% paid off
    Barclaycard £233
    Car loan £2890 Mortgage £95,391
    TOTAL DEBT (with mortgage) = £109,024 (without mortgage) = £13,633
    • Honeysucklelou2
    • By Honeysucklelou2 12th Nov 17, 12:29 AM
    • 484 Posts
    • 1,773 Thanks
    Honeysucklelou2
    The theory test is quite hard isn't it ? A friend showed me the hazard perception part which was an interesting experience! Not quite the 4 questions on the Highway Code at the end of the driving test, that I remember! Hope your DS passes on the 4th Louby.
    paydbx #90 £475/£10,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • Honeysucklelou2
    • By Honeysucklelou2 12th Nov 17, 12:42 AM
    • 484 Posts
    • 1,773 Thanks
    Honeysucklelou2
    We caught the train, and made it to the Remembrance exhibition. It was poignant, effective and sobering in equal measures. DD5 was excited just to be catching a train. I think this was the second or third railway journey in her life. The toddler is quite seasoned in comparison having been taken to London a couple of times when I've accompanied DD1 to interviews and open days.

    It is interesting to go somewhere very different for the day. I'm usd to rural living and only shop in Mr T's for food or small local shops for other things. It's always quite a shock to visit a city and see how vast the choice of products, the size and variety of the shops and the number of people! I don't have mains TV either so don't see adverts which is very useful at this time of year as the children aren't exposed to lots of Christmas marketing but it makes me realise how easy it would be to spend if that was my daily or regular environment. It certainly made me appreciate my area anew.
    paydbx #90 £475/£10,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • Honeysucklelou2
    • By Honeysucklelou2 12th Nov 17, 12:49 AM
    • 484 Posts
    • 1,773 Thanks
    Honeysucklelou2
    I had my annual statements for the home improvement loans, arrive in the post. They make for frustrating reading.. I pay £76 a month of which £19 is repayment of capital. Over £50 a month is interest. I hate these loans...they were taken out for double glazing, but have a whopping 24%APR. I need to redo my budget to see if I can make some kind of regular overpayment to bring the capital down at a faster rate.
    paydbx #90 £475/£10,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • Cherryfudge
    • By Cherryfudge 12th Nov 17, 1:50 AM
    • 890 Posts
    • 3,783 Thanks
    Cherryfudge
    That's a horrendous interest rate! If you could even repay £20 of capital a month, it would eventually have a noticeable impact. I think it would be a good area for payment-a-day. A penny a day - say 30p a month - £3.65 a year: it's a small amount but it would save you nearly £1 after a year if my Maths is right. (It may not be!)
    • Honeysucklelou2
    • By Honeysucklelou2 12th Nov 17, 8:14 AM
    • 484 Posts
    • 1,773 Thanks
    Honeysucklelou2
    Hadn't thought of PAD. It would help as the interest is calculated monthly. I made an overpayment this year from the electricity refund which brought the interest down by £3 that month. Thank you for that idea Cherryfudge
    paydbx #90 £475/£10,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • helsbell
    • By helsbell 12th Nov 17, 9:24 AM
    • 136 Posts
    • 729 Thanks
    helsbell

    It is interesting to go somewhere very different for the day. I'm usd to rural living and only shop in Mr T's for food or small local shops for other things. It's always quite a shock to visit a city and see how vast the choice of products, the size and variety of the shops and the number of people! I don't have mains TV either so don't see adverts which is very useful at this time of year as the children aren't exposed to lots of Christmas marketing but it makes me realise how easy it would be to spend if that was my daily or regular environment. It certainly made me appreciate my area anew.
    Originally posted by Honeysucklelou2
    I totally agree with this, although there is a mindset element as well. I live in a city, but I don't go to shopping centres or into town very often. I also don't watch live TV very often, so adverts are minimal. Although there are obviously things that i want to buy, I'm not drawn into the 'look how happy you would be if you just buy all these shiny new things' scenario very easily now. Don't get me wrong, sometimes I'm tempted but I'm much better at going away and think about it than I used to be. Most of the time I completely forget about it so it really wouldn't have been worth the money.
    SPC 11, No. 062

    August 2017 B'card £5006.83 BoS £1086.59 DFD November 2020
    • Honeysucklelou2
    • By Honeysucklelou2 24th Nov 17, 4:37 AM
    • 484 Posts
    • 1,773 Thanks
    Honeysucklelou2
    Wow, over 10 days since I last posted! I've been busy in the world of work which is likely to remain very busy until the end of term.

    Last weekend turned out to be quite spendy as I had to get new glasses. It sounds a lot (£230) but that is for 2 pairs (I'm good at losing a pair every now and again), the sight test and an anti glare coating on the lense. I thought the anti glare would be useful given the amount of driving I do at night. I've tried to think that it's been 4 years since my last optician's visit so if one considers the cost over 2 years it doesn't seem so bad.
    paydbx #90 £475/£10,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

330Posts Today

4,149Users online

Martin's Twitter