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    • Stb
    • By Stb 21st Feb 17, 10:49 PM
    • 51Posts
    • 79Thanks
    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
    • 51 Posts
    • 79 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
    • Stb
    • By Stb 24th Oct 17, 12:02 AM
    • 51 Posts
    • 79 Thanks
    So the divorce is through; I’ve bought flat and credit card paid off. Now need to save like hell for a house. 5 years minimum I reckon.
    Virgin 0% CC £1092
    Overdraft £0 at 27.02.2017
    Savings target £2000 by year end
    • Supersaver88
    • By Supersaver88 24th Oct 17, 12:53 AM
    • 7 Posts
    • 20 Thanks
    Well done stb and welcome back
    starting from scratch is always going to be the hardest part but it will be worth it in the end, even though i'm sure it seems a ways off.
    You'll absolutely kill it i'm sure, stay focused and remember where you've come from and what direction you're headed in.
    GOOD LUCK!! :
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