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
    • Mummy_bear
    • By Mummy_bear 4th Jun 17, 9:02 AM
    • 204Posts
    • 825Thanks
    Mummy_bear
    On a Mission
    • #1
    • 4th Jun 17, 9:02 AM
    On a Mission 4th Jun 17 at 9:02 AM
    So this is me holding myself accountable, publicly, albeit anonymously, for my spending.


    To be fair I'm not so bad, sort of, ish.


    DH on the other hand has issues!!


    Why am I doing a Diary? Well it all came to a head when DH spent his entire wage (£1500) within a week of being paid. Of course a portion of this went to bills etc. But equally a lot was wasted on games for his playstation.


    It's frustrating because between us we bring in over £3k a month and literally have nothing at the end of it. I'm sick of it.


    So I've took on this challenge. I will do my utmost to rein DH in and fully intend to get us out of this debt.


    My intention is to tackle the different debt one at time.


    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


    I'm going to list our current debt.... GULP


    Outstanding on Mortgage - £84451
    Credit Card 1 - £2803.37 - interest free for 2 yrs
    Credit Card 2 - £1490 - interest free for 2 yrs
    Hitachi finance (for new Boiler) £3093 (includes interest)
    Littlewoods £518 (includes interest)
    Next £444
    Newlook (DH has no idea about this eeek) £130
    Loan 1 - £10865
    Loan 2 - £5964
    My overdraft currently stands at £150
    Dh's overdraft £700


    DH got a loan out last October - not sure what is outstanding on that so I'll have to update on that later.
    I do know that it's £155.12 a month payment.


    DH also has finance on a bicycle - again I need to get the outstanding on that
    Finance for a new TV - he got this against my advice - total amount was £899 - obtained earlier this yr - need the outstanding


    AND - he's recently took up a hobby that's resulted in the purchase, finance, for some items - again need to total figure on that one.


    See - he likes to buy things


    Without knowing DH's total outstanding I've totted up known figures.
    So including the mortgage we owe at least £110,608.37





    I also have a student loan that's £150 out of my wage every month. I believe I'm due my yearly statement this month so I can see what is outstanding hopefully. With 2 lots of Mat leave in the last 5 years it's taken longer to pay off. I'm hoping that I'm nearing the end though as that would be a huge help once gone.


    I do have some good habits!


    I overpay on our Mortgage. I think it's a monthly overpayment of around £120. I'll have to double check. Been doing that for years although previously the overpayments were more I the region of £75.


    I think initially I will concentrate efforts on overpaying the Hitachi finance and the Littlewoods account. Luckily with the Littlewoods account that is a buy now pay later (expires Jan) and I'm well on course to pay that off in time.


    With the Hitachi finance I currently pay just under £72 a month. I was the shittiest deal ever. However, it was Dec 2012. Our ancient boiler died. I was on mat leave. We needed a new boiler and in desperation took up the worst ever deal from British Gas. Ugh - shameful. I then just let it run it's course. I don't have figures at hand but I believe it was an 8 year deal and a disgusting interest rate.
    I logged into the account yesterday and found that it ends in Dec 2020. If I make just £18 a month overpayment it could end in Jan 2020!! I'm unbelievable peeved at myself for not concentrating on getting rid of this sooner. So that is my main goal!


    I aim to update at least once a week.


    By for now
    Last edited by Mummy_bear; 04-06-2017 at 9:05 AM.
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £37139.86
    £4434.13/£37139.86 11.93% paid
    Estimated DFD JUNE 2020 (calculated July 2017)
    Debt Free by Christmas Challenge
    Total cleared £2823.49/£9091.72 31% paid
Page 10
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 19th Sep 17, 6:39 PM
    • 307 Posts
    • 1,244 Thanks
    wishingthemortgaheaway
    Mummy bear, so close to your September targets. How much over your targets can you go?

    Have a great evening.
    The 100 payment countdown (each payment = £400)
    2017
    July : £36,800 8/100
    August: £36,411.85 8/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • Mummy_bear
    • By Mummy_bear 19th Sep 17, 9:02 PM
    • 204 Posts
    • 825 Thanks
    Mummy_bear
    Just caught up on your diary and had to add my congratulations to the fantastic efforts you are making to get the debt down. Getting rid of the Hitachi loan, next and new look accounts was a very wise move as they are expensive debts as are overdrafts so good to see them gone too.

    Setting up an annual bills and emergency fund are again 2 really good moves and well done for getting your OH on board too.

    I hope you reach your target of being under £30k by the end of the year. That would be a great achievement.
    Originally posted by enthusiasticsaver
    Thank you.

    So glad I found this site as I'm certain I'd still be hovering around that 37k mark with no savings to speak of.

    Really can't wait to see the figure under 30k and to end the year with that goal complete would be amazing. Just gotta keep chipping away at it

    MB
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £37139.86
    £4434.13/£37139.86 11.93% paid
    Estimated DFD JUNE 2020 (calculated July 2017)
    Debt Free by Christmas Challenge
    Total cleared £2823.49/£9091.72 31% paid
    • Mummy_bear
    • By Mummy_bear 19th Sep 17, 9:04 PM
    • 204 Posts
    • 825 Thanks
    Mummy_bear
    With Swagbucks my first advice would be make sure you have the app on your smartphone

    Its only one sb but theres a daily poll you can do via the app.

    Next on there site theres a thing called the daily crave same again another sb for just watching silly news clips

    Next just daily try all the gold surveys and peanut labs surveys i always do better with the peanut lab surveys than gold.

    My final tip is just perservere with it if it takes 2-3 weeks thats what it takes. I spend alot of time doing surveys as i work 4 on 4 off

    Stick with it.

    Opinium Research is a really good one.
    Originally posted by Scott_Weiland

    Mmmm might try again with swagbucks.
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £37139.86
    £4434.13/£37139.86 11.93% paid
    Estimated DFD JUNE 2020 (calculated July 2017)
    Debt Free by Christmas Challenge
    Total cleared £2823.49/£9091.72 31% paid
    • Mummy_bear
    • By Mummy_bear 19th Sep 17, 9:12 PM
    • 204 Posts
    • 825 Thanks
    Mummy_bear
    Mummy bear, so close to your September targets. How much over your targets can you go?

    Have a great evening.
    Originally posted by wishingthemortgaheaway
    How much indeed.

    I actually think this is not going to be a continuing trend sadly. I know we can't sustain £1500 payment each month. So some future targets may be smaller.

    Wow it annoys me that we'll have paid over £1500 off this month alone.... £1500. Wow that's alot of people's monthly wage. It's disgusting. It's a stark reminder of why we need rid of this debt.

    MB
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £37139.86
    £4434.13/£37139.86 11.93% paid
    Estimated DFD JUNE 2020 (calculated July 2017)
    Debt Free by Christmas Challenge
    Total cleared £2823.49/£9091.72 31% paid
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 19th Sep 17, 11:09 PM
    • 307 Posts
    • 1,244 Thanks
    wishingthemortgaheaway
    Just think of all the money you'll be saving when this journey is over.
    The 100 payment countdown (each payment = £400)
    2017
    July : £36,800 8/100
    August: £36,411.85 8/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • Poppypen
    • By Poppypen 20th Sep 17, 3:42 PM
    • 6 Posts
    • 12 Thanks
    Poppypen
    Mummy bear you have inspired me so much. I've even started my own diary today. Please could you explain to me how to subscribe to your diary like I've seen other people say? X
    • Mummy_bear
    • By Mummy_bear 20th Sep 17, 4:32 PM
    • 204 Posts
    • 825 Thanks
    Mummy_bear
    Mummy bear you have inspired me so much. I've even started my own diary today. Please could you explain to me how to subscribe to your diary like I've seen other people say? X
    Originally posted by Poppypen
    Hi Poppy,

    at the top of mine, and others diaries, there is a button that says subscribe. I've only seen it on my laptop or tablet, not on my phone.

    I will seek out your diary too
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £37139.86
    £4434.13/£37139.86 11.93% paid
    Estimated DFD JUNE 2020 (calculated July 2017)
    Debt Free by Christmas Challenge
    Total cleared £2823.49/£9091.72 31% paid
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 20th Sep 17, 7:40 PM
    • 307 Posts
    • 1,244 Thanks
    wishingthemortgaheaway
    Turn your phone to landscape mode to access the subscribe button.
    The 100 payment countdown (each payment = £400)
    2017
    July : £36,800 8/100
    August: £36,411.85 8/100
    Term Mortgage free date: October 2029
    Current mortgage free date: April 2025
    • AleMrsT
    • By AleMrsT 22nd Sep 17, 11:51 PM
    • 506 Posts
    • 1,241 Thanks
    AleMrsT
    mummy bear I've spent the evening reading your diary, wow you've done amazingly well!! I've now signed up to qmee and prolific, hoping to get a little extra bits of cash here and there, although I've not had much success with surveys in the past. I've subscribed and will keep checking in to see how you're doing. MrsT
    Debt @ LBM Nov 2014 = £7586.85
    DEBT @ Start of DMP Jan 2015 £7202.85 now £4638.26
    Italy 2018 £2103.44/£803.44 paid
    Weight loss target 35lbs: 9lbs lost/26lbs to go
    • Mummy_bear
    • By Mummy_bear 23rd Sep 17, 6:47 AM
    • 204 Posts
    • 825 Thanks
    Mummy_bear
    mummy bear I've spent the evening reading your diary, wow you've done amazingly well!! I've now signed up to qmee and prolific, hoping to get a little extra bits of cash here and there, although I've not had much success with surveys in the past. I've subscribed and will keep checking in to see how you're doing. MrsT
    Originally posted by AleMrsT
    Thanks for taking the time to read. I'm hoping it was an easy enough read!
    Will check if you have a diary too x
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £37139.86
    £4434.13/£37139.86 11.93% paid
    Estimated DFD JUNE 2020 (calculated July 2017)
    Debt Free by Christmas Challenge
    Total cleared £2823.49/£9091.72 31% paid
    • Mummy_bear
    • By Mummy_bear 23rd Sep 17, 7:26 AM
    • 204 Posts
    • 825 Thanks
    Mummy_bear
    Morning

    All I can smell is sick . After DS being unwell last week all seemed well by Monday and he was back in school. Thursday morning I get a call from school to say he'd been sick in class. Theres another bug going round. I've been woken this morning to both DD and DS being sick. I really really hope I don't get it. I've got so much scheduled at work the stress of being ill is not what I need.

    Ugh. Anyway onto something more positive, I've been buying Christmas presents! ! I'm being super organised. Christmas has been the one expense each year that we've budgeted for and put money to one side each month. I absolutely love Christmas time.

    Not had much time to complete many surveys this past week. When I've tried I've been screened out quite a few. However, managed to scrape a bit together for a little BC pad the other day.


    Totals as of 23rd September

    Lloyds CC £1343.20
    MBNA CC £4035
    Barclaycard CC £2471.87 £5.74 paid off
    Tesco Loan £9799.84
    Santander Loan £6373.43
    TV -DH purchase £634.9
    M&S Loan £7910.64
    Bicycle finance £112.5

    Total Debt as of 10th September - £33453.8
    Total Debt as of 11th September - £33387.8
    Total debt as of 13th September -£33369.99
    Total Debt as of 13th September (b) -£33366.89
    Total Debt as of 14th September -£33365.38
    Total Debt as of 15th September -£32887.09
    Total Debt as of 16th September -£32787.09
    Total Debt as of 19th September - £32686.21
    Total debt as of 23rd September - £32680.47

    Total cleared since 1st September - £1421.22


    Emergency Fund total - £515/£1000




    September goals

    1) To pay a total of £1500 off debt
    £1421.22/£1500

    2) To get £300 in the EF
    £515/£300

    3) To list 10 items on Ebay
    10/10

    4) To earn £30 from surveys - only payable to count
    £37.94/£30


    My plans today had been to start decorating.

    The reality will be a pj day looking after poorly kiddies.

    MB
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £37139.86
    £4434.13/£37139.86 11.93% paid
    Estimated DFD JUNE 2020 (calculated July 2017)
    Debt Free by Christmas Challenge
    Total cleared £2823.49/£9091.72 31% paid
    • Purplemumof2
    • By Purplemumof2 23rd Sep 17, 7:57 AM
    • 5,059 Posts
    • 16,621 Thanks
    Purplemumof2
    Morning Mummy bear,

    You've done really well with your September goals.

    Well done to being organised with Christmas.

    Hope DS and DD get better soon x
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £7400.00 Cap 1: £562.23 BC: £4577.81 Overdraft: £2750.00

    AFD 5/10 NSD 2/10 LTW 10/15

    20p Savers 2017 £2 Savers 2017 50p Savers 2017 SPC 10 2017 #003
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

3,429Posts Today

6,147Users online

Martin's Twitter
  • RT @thismorning: 'Sometimes the best gift is releasing somebody else from the obligation of having to give to you' says @MartinSLewis. Do y?

  • Shana tova umetuka - a sweet Jewish New Year to all celebrating. I won't be online the rest of t'week, as I take the time to be with family

  • Dear Steve. Please note doing a poll to ask people's opinion does not in itself imply an opinion! https://t.co/UGvWlMURxy

  • Follow Martin