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  • FIRST POST
    • MrsSave
    • By MrsSave 30th Jul 17, 7:22 AM
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    MrsSave
    Mrs S, family life and debt
    • #1
    • 30th Jul 17, 7:22 AM
    Mrs S, family life and debt 30th Jul 17 at 7:22 AM
    This is my 4th diary. I'll link the others in case anyone has absolutely nothing to do and fancies a read!

    Diary 1: MrsS is getting serious http://forums.moneysavingexpert.com/showthread.php?t=5045594

    Diary 2: Debt free before 35 http://forums.moneysavingexpert.com/showthread.php?t=5286098

    Diary 3: A pound stretching maternity
    http://forums.moneysavingexpert.com/showthread.php?t=5495440

    So, who is Mrs S?

    I'm in my mid early 30's and a mum to 2 lovely little boys. My second maternity leave is just coming to an end (sob). I'm a teacher but looking for a career change. I mentioned this career change back in diary 1, but I'm finally doing something about it. I have 2 job interviews next week and I'm still searching and applying for others.

    Debt

    I guess I wouldn't be starting a new diary if I didn't have any debts. Maternity leave and retraining has meant that the debt we had beforehand has increased. Significantly. I'm gutted, but from the retraining side, I just had to do it. Today, our debts stand at:

    Loan: £9,906.30
    Credit Card: £6,480.60

    We also have a mortgage of £92,720.52

    Excluding the mortgage, our current debt figure is £16,386.90. That's massive.

    So what are we doing about it?

    Not adding to it any more, that's to start! The problem is that a lot depends on whether I find work quickly. In an ideal world I will be working by September (even if it's something unrelated to what I actually want to do, as we need a second income).

    Using YNAB. I've used YNAB for a few years now, and love it. It's so clear in showing how much money we actually have, and splitting it between different pots.

    Paying £266.40 towards the loan every month, and around £65-£70 towards the card. The card is a very recent balance transfer, so not 100% sure on exact figures yet, but 1% is the minimum balance. I'm not sure whether to stick with the minimum, or a set amount each month. The set amount won't be much higher than the minimum, but obviously won't decrease every month. Possibly £65 per month. That means we will be paying £331.40 towards our debt each month. At this rate it would take 50 months to clear. 4 years, 2 months.

    Budgeting and treats

    I allow treats. They're budgeted for. I would fall flat on my face if we weren't allowed our treats. We do have little breaks away sometimes (not abroad, we haven't been abroad since our honeymoon). We save for them, though and pay with the money we have and not add to the debt. We have the odd takeaway and meal out, we have days out. I treat the boys on their birthdays and Christmas. I have this year started paying into Park for Vouchers in time for Christmas. I've budgeted for that every month.

    We put money into our car pot each month for the MOT and any extras it needs. Our car is 12 years old, and up until recently hasn't needed anything doing to it. A couple of little things are starting to need changing now so I'm hoping we'll have a few more years before the car get sorted too expensive. I do love my car! It's nothing special, not fancy and was cheap to buy with low mileage (we've had the car about 5 years).

    Right, I've probably bored anyone who's reading this enough for a first 'All about me' post.
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
Page 17
    • MrsSave
    • By MrsSave 1st Dec 17, 6:34 AM
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    MrsSave
    Happy December!!

    Lots of bills out today. I've just checked my bank account and 2 haven't gone. One is my water one. I had my 6 monthly bill through the other day which means my direct debit is increasing. It didn't actually have December down as a payment date so maybe it's not actually going out this month?? Will keep an eye for a few days, and if it doesn't I'll send the money over to our savings, which means December goal number 1 will be done!!

    The second bill not to go out is my mobile one. I've tried checking on my account but the page is down for maintenance. That could be why?? If they do both go out it will be Monday now probably so will keep an eye on them. Adding to savings would be great though!!!

    I'm thinking of moving some of our savings into premium bonds. I've got 2 savings accounts at the moment: the big one and the mini one The big one is the not to be touched unless everything goes horribly wrong one. At the moment I'm adding a small amount to it each month. The little one is for bigger purchases - a kitchen appliance breaking down or a massive unexpected car bill. My aim is to keep that one at £500 (not there at the moment - aiming to be in a couple of months!) and maybe in premium bonds. It would mean having to really think about it before spending.

    Once I've got that up to £500 I need to decide on our next savings goal. It will either be a shed (very much needed) or to redecorate the boys' rooms. Both their rooms could do with a nice update, but it's not an essential. I need to have a think.
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • MrsSave
    • By MrsSave 1st Dec 17, 7:37 PM
    • 1,362 Posts
    • 4,261 Thanks
    MrsSave
    I'm still no wiser about these 2 bills going out, will wait until Monday to see and if they've not gone out the money will be heading straight to savings. Will look into Premium Bonds over the weekend.

    Ds1 has a high temperature tonight. He's had a really rough week poor thing. He has had paracetamol and ibuprofen. His temp has started to come down. He was asleep within minutes of going up to bed. I just want him to be all better again.

    Dh sold another item on facebook today for £15. We're going to use the money to treat ourselves to a couple of steaks from the butcher to have once the children are in bed tomorrow night. I am assuming there will be change from £15!!

    Tesco shop coming tomorrow, and it is an expensive one. I'm stocking up on wine/prosecco for Christmas with the 25% offer. We're running out of a few freezer bits and store cupboard bits as well. Add to that a few toiletries that we need, nappies and laundry stuff as well as our usual food and we have an expensive shop
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 1st Dec 17, 9:31 PM
    • 647 Posts
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    wishingthemortgaheaway
    I wouldn't assume change from th £15 for the steaks.....
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 Aug: £36,411.85 8/100 Sep: £35,945.66 10/100 Oct: £35,500 11/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • MrsSave
    • By MrsSave 2nd Dec 17, 6:08 AM
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    • 4,261 Thanks
    MrsSave
    I wouldn't assume change from th £15 for the steaks.....
    Originally posted by wishingthemortgaheaway
    I think you're probably right - I'll let you know!!
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • MrsSave
    • By MrsSave 2nd Dec 17, 6:26 AM
    • 1,362 Posts
    • 4,261 Thanks
    MrsSave
    Ds1 was sick again late last night. That's day 4 of it. I have ordered dioralyte to come with our food shop today. This is one horrible bug. If he's still being sick by Monday, I think I'll have to give the doctor a ring. We'll be reaching day 7 of it by then. He's barely eating as it is and then being sick every night.

    Fingers crossed, no one else seems to have caught it so far. I'm being super strict with hygiene and we're spending a fortune using the super long hottest washes on the washing machine!

    It's a new money week for us. Once the food shop comes we should have around £35 for the week. We may have ds2's nursery pictures to pay for as well as tickets to see ds1's Christmas nativity (will be ringing the school to check on Monday if he's not back - don't want them all to go!!). That won't leave much left - though thinking about it the nativity tickets should come from the Christmas pot!

    Ds1 just got up to go the toilet so I checked his temperature and it's down to 36.6. Much better!!

    I need to also double check with the school, but I'm assuming we won't have to pay for school dinners for the 3 days ds1 was off ill. I pay on a Monday for the week, which means next week will be £7.50 cheaper. I'll send that over to savings.
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • debtaghh
    • By debtaghh 2nd Dec 17, 6:38 AM
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    debtaghh
    Sorry to hear he is still Ill, hope he gets better soon x
    Debt 16th October 2017: Cc £49,987- family £37,561: total debt £87549

    Current debt: Cc £47, 520 , Family £ 37,288 total debt £84,808
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 2nd Dec 17, 6:56 AM
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    wishingthemortgaheaway
    Poor thing. It does sound nasty. I really hope no one else gets poorly and he's better really soon.

    You wouldn't normally pay for dinners if you don't have them, so that should be a win for you.

    Hope you manage to have a nice weekend, despite poorliness.
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 Aug: £36,411.85 8/100 Sep: £35,945.66 10/100 Oct: £35,500 11/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • MrsSave
    • By MrsSave 2nd Dec 17, 11:37 AM
    • 1,362 Posts
    • 4,261 Thanks
    MrsSave
    I wouldn't assume change from th £15 for the steaks.....
    Originally posted by wishingthemortgaheaway
    I sent dh to the butchers. He got 2 for under £8!! I'm amazed and actually questioned how many he bought!! There are 2 butchers in town, and he actually went to the most expensive one!! He's definitely on board with the money saving!!
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • mummytogirls
    • By mummytogirls 2nd Dec 17, 4:38 PM
    • 5,617 Posts
    • 18,452 Thanks
    mummytogirls
    Poor DS, MrsS I hope he's feeling better soon. I work in a school and we have a horrible sickness bug making its way round at the moment, poor kids .

    I wouldn't have thought you would pay for the dinners, we don't at ours only if they take the meal.

    Yay to the steaks, such a bargain xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
    • MrsSave
    • By MrsSave 2nd Dec 17, 10:57 PM
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    • 4,261 Thanks
    MrsSave
    So far today ds1 has seemed better. I won't be convinced though until he goes all night without being sick!!! He's eaten far more 'normal' today than he has been so the signs are good. Also, still not quite ready to uncross the fingers, but so far no one else here seems to have picked it up. There's still time, though!!

    The steaks were delicious (obviously well cooked ). 2 empty plates at the end!!
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • MrsSave
    • By MrsSave 3rd Dec 17, 7:34 AM
    • 1,362 Posts
    • 4,261 Thanks
    MrsSave


    Ds1 wasn't sick at all last night yay!! Fingers crossed this is the end of the nasty bug!!
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 3rd Dec 17, 3:08 PM
    • 647 Posts
    • 2,564 Thanks
    wishingthemortgaheaway
    Yay. Great news.
    The 100 payment countdown (each payment = £400)
    2017 July : £36,800 8/100 Aug: £36,411.85 8/100 Sep: £35,945.66 10/100 Oct: £35,500 11/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • MrsSave
    • By MrsSave 4th Dec 17, 6:55 AM
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    • 4,261 Thanks
    MrsSave
    I've checked the bills account, and neither of those bills have gone out. I'm going to send some over to savings to reach my December goal, and the rest will go over to the Christmas pot. If they do happen to go out at some other point, there'll be enough in the bills account to cover them and I'll just transfer the money back.

    Ds1 is going back to school today. Once I've dropped him off, I'm taking ds2 into town to buy the bits needed for his birthday party next weekend as well as wrapping paper for his gifts.

    I have 2 other Christmas gifts to buy, but they're vouchers that can be bought online. I'll do that today. I then think everything will be bought for Chrismas. I've got the day off on Wednesday with no children at home and am planning on wrapping everything. 3 weeks to go!!!
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • MrsSave
    • By MrsSave 4th Dec 17, 10:19 PM
    • 1,362 Posts
    • 4,261 Thanks
    MrsSave
    I didn't buy the vouchers today, otherwise I did everything I intended. I also walked/ran for over 2 miles. I'm in shock I've decided I need to be more active. I really need to lose some weight (I thought I was happy with my size - a 16 - but I've seen a couple of pictures recently and they look awful). I hate 'dieting'. It always works for a month or 2 and I do lose weight. But, there always is that time when I 'fall off the wagon' and end up putting on every pound I lost and more. So I'm not going to diet. I'm going to set a good example to my children by moving more and just eating proper, decent food. I'm going to cut down on the rubbish and fill myself up with good food. It's kind of a no pressure approach and fingers crossed I'll see results. It won't be a quick fix, but they don't work long term anyway.

    I've actually done what people don't advise here - I've joined a gym. There's no contract so if I see I'm not using it, I can leave. The membership is a family one which means we can all swim as part of the price, and dh and I can use the gym and classes. It costs just over £40 a month, which I've put into my spreadsheets and we can afford it. I'm breaking myself in gently (I know I'll hurt tomorrow) so planning on going twice this week. From next week onwards I'm aiming for 3 times a week - Monday evening, Wednesday straight from work and Friday when ds1 has his swimming lesson.

    Money wise - I've spent today! I got all the decorations and plates, cups, balloons etc for ds2's birthday party. Ds1 came home from school with a letter about Christmas show tickets so I've ordered them. He also came home with a letter saying that fruit money was twice as much this year as last as they now eat a whole piece of fruit not half. It's taken them until December to mention it. We owe just under £6 in fruit money, so that's ready to go in tomorrow.

    Tomorrow I plan on tackling the laundry and pushing the hoover around. I also need to food plan for next week and do my online food order.
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • louby40
    • By louby40 5th Dec 17, 10:04 PM
    • 1,192 Posts
    • 3,268 Thanks
    louby40
    I’m a gym member. I’ve always used it regularly probably until the past 3 months. It’s a great motivator.

    Does your DS not get free fruit at school?
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £100/600
    Kitchen July £12,493 NOV £10,493. 18% paid off
    Barclaycard £90
    Car loan £2696 Mortgage £94,992
    TOTAL DEBT (with mortgage) = £108,323 (without mortgage) = £13,331
    • MrsSave
    • By MrsSave 6th Dec 17, 3:22 AM
    • 1,362 Posts
    • 4,261 Thanks
    MrsSave
    Iím a gym member. Iíve always used it regularly probably until the past 3 months. Itís a great motivator.

    Does your DS not get free fruit at school?
    Originally posted by louby40
    No he doesn't. We're in Wales so I'm guessing it's different here. I used to go to the gym before having the boys and I really enjoyed it. I know it costs but if it helps with health then I can only see that as being a good thing
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • MrsSave
    • By MrsSave 6th Dec 17, 8:02 AM
    • 1,362 Posts
    • 4,261 Thanks
    MrsSave
    Day off today with no children at home. Wrapping day. By the end of the day I'm aiming to have all Christmas gifts wrapped and December birthday gifts wrapped. I'll be sick of the sight of sticky tape by tonight!!!

    I've finished buying Christmas gifts now, I bought the last 2 yesterday. I'm waiting for one of dh's to arrive from Amazon but I don't think it's released for another week or so. The money has been put to one side for it.

    I'm going to have nursery photos to pay for today and I'm paying for ds1's after school club. Will probably get another after school club bill tonight! The money going out should start to slow down soon.
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • JoJoC
    • By JoJoC 6th Dec 17, 9:34 AM
    • 1,278 Posts
    • 4,164 Thanks
    JoJoC
    Hi MrsS, i haven't stopped by your diary for a while so it's nice to catch up.

    I'm glad your DS is on the mend - hopefully he makes it through school today! Sounds like you have a lot on your agenda today with all the wrapping!

    Reading your last few posts rings so true with me - it's like an almost constant flow of outgoings for ont thing or another... glad it's coming to an end soon.
    CC1: £3804.52 / £3554.32 £250.20 paid | CC2:£5027.53 / £4829.43 £245 paid | Loan: £15,000 / £12,369.24 (£2,631.76 paid)

    July debt total: £23,832.05 | New debt total: £20,752 | Total debt paid: £3,080 (13%)
    *My debt busting and savings diary*
    • MrsSave
    • By MrsSave 7th Dec 17, 9:45 PM
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    • 4,261 Thanks
    MrsSave
    I came on to post thinking I haven't posted in ages but looking back my last post was yesterday

    DS2's photos were ridiculously expensive - £32. And I went for the second cheapest option. Yikes!!! I've had my haircut tonight, but with a different person to usual. I wasn't happy with the way my hair was being cut, and switching to another person has saved £3 as she's not as high up!! Every little helps!!

    I popped to buy bread on way home from the hairdressers, and ended buying a bar of chocolate each for me and Dh.

    I keep thinking the December spending must be ready to slow down, but it seems never ending. It is getting to the point where I'm thinking that surely there's nothing left to buy We definitely need a frugal January!!
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • MrsSave
    • By MrsSave 8th Dec 17, 10:03 PM
    • 1,362 Posts
    • 4,261 Thanks
    MrsSave
    Friday

    I went to the gym after work tonight, but only had a short session as I needed to collect ds1. I've decided to squeeze this short gym session in every Friday night. I'm going to aim for 3 times a week at the gym, with the option of an extra weekend session if I feel like it (or want to escape for a while ).

    Today hasn't been spendy......in fact I think it was actually a nsd!!! The weekend definitely won't be, but yay for today.

    Food shop coming tomorrow. It includes lots of party food for ds2's party, but still only comes to about £10 more than our usual shop. I've cut right back on our usual shop this week as we have so much in, so should have a nice pot of spending money left over for the week! It's definitely needed at the moment!!
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
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