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    • Stb
    • By Stb 21st Feb 17, 10:49 PM
    • 50Posts
    • 72Thanks
    Facing tough realities
    • #1
    • 21st Feb 17, 10:49 PM
    Facing tough realities 21st Feb 17 at 10:49 PM
    I am a chronic over spender / optimist, I always tell myself I can sort overdraft within month or two of Christmas with money that will magically arrive! I also tell myself I'll budget better next month and get the credit card sorted.

    Until 5 months ago these deceptions were OK because I "managed" - now my wife wants a divorce and I have to face up to the fact some of her complaints about my unhealthy relationship with money are true. The numbers aren't massive but the problem is real.

    I owe £1,090 on a Virgin 0% balance transfer card and £5,800 on student loan.

    Periodically I go into and then dig myself out of my over draft so I have a debt cycle. I've already done the following:

    - identified an unneeded monthly direct debit for £15 a month and redirected to credit card so now paying £40 a month rather than £25 minimum. But I use it for expenses at work but often fail to repay (as I said silly mistakes)
    - signed up for months free YNAB trial - LOVE IT! I can see what I need now and in 3 months time, allocating to my pots and enjoying not spending when don't need to

    I have £75 to last me until last day of month, I can see if I don't spend it life is slightly easier next month and so on.

    I'm a Dad to two kids and want to smash my poor money management so I can relax and focus on them. So I have small debts and poor money management skills, I want to have no debts and be a money management ninja!

Page 3
    • Stb
    • By Stb 1st Jun 17, 10:58 PM
    • 50 Posts
    • 72 Thanks
    No spend day today and good training session with the Harriers running club

    As I said yesterday things could be worse
    Virgin 0% CC £1092
    Overdraft £0 at 27.02.2017
    Savings target £2000 by year end
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