Do One, Debt!

GoingToDoIt · 10 June 2017 at 10:55AM

I have had an illegal rave in my finances and I need to get a grip.
The dibs card has built up a debt of around £150. I am broke 5 days before payday.
I have two expensive months coming up.
Still trying to stay positive. I just paid my year's house insurance up front, using funds saved over the year

I bought a few new clothes but I really needed them. I bought expensive foundation which I "could" have managed without, but I really wanted it!
I need to reign it back in asap.

Orange_Ena · 25 June 2017 at 11:42PM

Hoping you're Ok gonna

GoingToDoIt · 22 July 2017 at 2:10PM

Oh bl@@dy hell...
Well life is for living and I have been doing that for the past few months, for sure. Lots of good times and nice events, however I am BROKE. I'm having an intervention with myself.
1. Smoking - this is a disaster, I've been at it for months now and I can't afford it. I am working up to stopping AGAIN!
2. In order to reduce my payments I consolidated everything to a new 0% with Mr T cc. I got £30 tcb for it and free to transfer. However the transfer and stuff got a bit mixed up, long story short I didn't make any debt repayment last month and only £36 min payment this month
3. Partying - I'm not sorry about this

but it ain't cheap:rotfl::beer:
4. Extra income - I got bored and too busy to bother, a break was nice but now I need to be back on swaggy etc regularly

So I've confessed my sins, I know what to do, I just need to do it now and keep my eye on the finances. And stop using the dibs card for day to day payments

I like getting the points but it makes it hard for me to know what I'm spending in, so out of the wallet it goes.

I've revisited all of my bank accts and pots of cash and refined these a bit. In good news, I do have more than half saved for xmas at £265, £250 emergency fund, £200 clothes and £45 passport replacement AND £400 in the holiday fund. So not totally :mad:uggered just a bit lost.

GoingToDoIt · 23 July 2017 at 10:51AM

Writing it down in the hope it lodges itself in my brain...

Income from Job 2023

2023 -
1215 transfer for pots and bills
35 to bday account
70 to hairdresser account
200 to holiday saver
= 503 for spending

1215 breaks down as -
910 to bills account
35 to xmas account
20 to the "expensive treats" account
45 to RDF and contact lens and insurance saver account
= 205 for travel, 33 electric and 70 monthly 0% cc payment

910 bills breaks down as-
488 rent
281 mortgage
69 c tax
21 internet
12 tv licence
25 water
7.50 mobile phone

The annual target for the xmas account is £420 by Dec 15th
The RDF account pays for insurance in June around £100 and contact lenses twice a year at £78
The holiday saver matures in April 18 and will contain £700 towards the 0% credit card
The "side account" is where I keep the monthly £4 account reward and £3 account reward I get and is basically a kind of rdf, I need a new passport in 2 years and it can be used for that hopefully!

Poor_Single_lady · 23 July 2017 at 11:13AM

Do you feel better having it consolidated though. I think 1 payment is a lot easier to keep track of. As opposed to 7/8/9. This is my end-stage plan.

And you have loads in your pots (and weren't unfortunate enough to have picked this holiday week in the Greek islands).

I think a few days in the pub isn't the end of world so long as you are not destitute.

But the smoking! Well.

But people do have vices. We are only human.

It will get sorted but it is summer so it's hard and the beer gardens beckon.

Good luck for next month. It's quite busy for me so not sure if it will be any easier for you either and maybe we just need to get through to September. Xxxx

Orange_Ena · 23 July 2017 at 8:00PM

Ah gonna, glad you're back. You know what you need to do.....it's just the hard bit of actually doing it.

Ahem, yes the smoking. There's loads of help with that if you want support. GP's, pharmacies etc. Not sure how you did it last time. I don't drink luckily but I know it's expensive. Could you have water inbetween :rotfl::p

Well done on the savings pots though

GoingToDoIt · 23 July 2017 at 9:28PM

Thanks Ena
Last time I had a horrendous virus and just didn't smoke...
The drinking is ok, big occasions etc I like a few drinks and end up in rounds so I probably drink more, I don't go "out drinking" all that often, but when I do I like to go for it I guess!
Thanks PSL
The smoking is the main problem, it costs a fortune, I will knock it on the head soon I promise!!! The one payment is easier to track, although kind of less satisfying- I used to like seeing my debt drop each month, now I'm going to be making an ok payment and saving the rest of the "payment" to boost the interest payout on my savings in April. Kind of stoozing really. I am really proud of my pots though. I do have about 1k "available" if I lost my job tomorrow. That's reassuring to know.

Orange_Ena · 23 July 2017 at 9:49PM

GoingToDoIt wrote: »

Thanks Ena
Last time I had a horrendous virus and just didn't smoke...
The drinking is ok, big occasions etc I like a few drinks and end up in rounds so I probably drink more, I don't go "out drinking" all that often, but when I do I like to go for it I guess!
Thanks PSL
The smoking is the main problem, it costs a fortune, I will knock it on the head soon I promise!!! The one payment is easier to track, although kind of less satisfying- I used to like seeing my debt drop each month, now I'm going to be making an ok payment and saving the rest of the "payment" to boost the interest payout on my savings in April. Kind of stoozing really. I am really proud of my pots though. I do have about 1k "available" if I lost my job tomorrow. That's reassuring to know.

Could you consider not getting into rounds? Cause like you say, you drink more if you're drinking at the fastest drinkers pace. Plus it's sounds better to buy your own drink for a few quid than to go up to the bar and spend £30 or whatever!

GoingToDoIt · 25 July 2017 at 6:32AM

I could spend less I suppose, but I don't really want to?!?
I had a 40th, a Hen party and a gig. They were all quite long so I was out for 12ish hours, day to night. Plus there was food, taxis etc. the £60ish quid per week on smoking is worse than a £80 night out...

Poor_Single_lady · 25 July 2017 at 8:03AM

I would love to come out of rounds but think it is social death.
But worse I think is when people what to buy you lunch and then you pay next time. I can not keep up with this and who I owe what to. Always feel like I am either not paying my way or funding other people. Trying to put a stop to this.

Sounds like you are having a lot of fun tho. And do be proud of your pots. That's a good achievement. xxx

Do One, Debt!

Comments

Categories

Get our FREE Weekly email full of deals & guides - and it’s spam-free