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  • FIRST POST
    • misstara
    • By misstara 30th Dec 17, 11:01 PM
    • 2,532Posts
    • 17,766Thanks
    misstara
    misstara's debt diary 2018
    • #1
    • 30th Dec 17, 11:01 PM
    misstara's debt diary 2018 30th Dec 17 at 11:01 PM
    Almost 4 years ago I started a debt free diary called misstara's debt diary 2014. At that time I was over £10,000 in debt which was paid off earlier this year . I've decided to start a new diary as I've run up new debt although this time due to moving into a new flat that had to be furnished and buying a car.

    The current debt stands at £1229.67 flat debt, £748.10 initial car debt (deposit and insurance) and £8663.38 car (split into 58 monthly payments of £146.82 and a final payment of £147.82) which adds up to a whopping £10641.15 it's actually more than my original debt

    This year, I feel like I've got out of some of the MSE habits that I'd picked up so need to properly get back into meal planning, budgeting my pay (I still do this but then am not so strict with following it), making mini payments to the debt, NSDs etc.

    Going to head to bed shortly but the plan for tomorrow is make a budget for January, look at days where I could possibly work for 2nd job so I can phone them when they reopen on Wed (I've not worked a shift for them for ages but it will be good to get some extra cash) and make a meal plan for next week.
    Debt at LBM Jan 2014 £10458.09 Now £0
    New flat debt Jan 2017 £2302.75 Now £1141.10 (50.4% paid)
    Car debt Nov 2017 £797.68 Now £703.58 (11.8% paid) + monthly payments £146.82 1/60
    Emergency fund - £30/£1000. Car fund - £75/£1000.
    Mini Targets in January
    Exercise target - Run 0/6, Gym 3/6. Groceries target £82.80/£150. NSD target 9/18.
Page 1
    • Poor_Single_lady
    • By Poor_Single_lady 30th Dec 17, 11:12 PM
    • 1,197 Posts
    • 4,656 Thanks
    Poor_Single_lady
    • #2
    • 30th Dec 17, 11:12 PM
    • #2
    • 30th Dec 17, 11:12 PM
    Didn't want to read and run.

    Hope the new diary helps. I read a lot of your old diary. Actually when I was googling debt help Months ago I found this page and your diary was top and I have to say it was very inspiring and really helped me. Big thank you. Made me feel not so alone sat with my credit card statements not knowing what to do.

    Although I was a bit of a lurker but it was immensely helpful. You came accross very organised and determined. (If you've read any of mine you'll know that I am the opposite but trying).

    Big thank you. MissTara! xxx
    2017- 5 credit cards plus loan
    Overdraft And 1 credit card paid off.

    2018 plans - reduce debt
    • erniethecat
    • By erniethecat 31st Dec 17, 2:29 AM
    • 31 Posts
    • 90 Thanks
    erniethecat
    • #3
    • 31st Dec 17, 2:29 AM
    • #3
    • 31st Dec 17, 2:29 AM
    You can do it! You have all the knowledge and the motivation. I'm excited to watch you
    • ani*fan
    • By ani*fan 31st Dec 17, 9:00 AM
    • 1,537 Posts
    • 3,896 Thanks
    ani*fan
    • #4
    • 31st Dec 17, 9:00 AM
    • #4
    • 31st Dec 17, 9:00 AM
    Hi misstara

    I hope you get settled in ok to your shiny new diary. It looks great, I love the title and everything. Happy debt busting!

    *subscribed*
    AF x
    If you know you have enough, you're rich.
    • dawnybabes
    • By dawnybabes 31st Dec 17, 3:37 PM
    • 1,560 Posts
    • 3,761 Thanks
    dawnybabes
    • #5
    • 31st Dec 17, 3:37 PM
    • #5
    • 31st Dec 17, 3:37 PM
    Shiny new diary.

    At least this time you actually have something to show for the 10 k
    Sealed pot challenge 822

    Jan - £176.66
    • in need of direction
    • By in need of direction 31st Dec 17, 3:39 PM
    • 4,799 Posts
    • 27,290 Thanks
    in need of direction
    • #6
    • 31st Dec 17, 3:39 PM
    • #6
    • 31st Dec 17, 3:39 PM
    following you over from the old diary. i need the inspiration you always provide
    Mortgage at 01.01.14 £119,481.83 today £78,892.61, target £65,000 by 31/12/18 Offset fund today £4,075.43 target £5,500 by 31/12/18
    Emergency fund £355.5k & £200/200 cash.
    Current weight loss 9/32 by 28 feb 2018
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • Boodedoo
    • By Boodedoo 31st Dec 17, 6:02 PM
    • 311 Posts
    • 994 Thanks
    Boodedoo
    • #7
    • 31st Dec 17, 6:02 PM
    • #7
    • 31st Dec 17, 6:02 PM
    Though you have new debt, the expenditure was well thought through and I am sure you will reduce it, bit by bit, till its gone.

    This time you have borrowed to provide a comfortable home - which is now furnished so that part is unlikely to grow for a good while yet and needed transport which has a proper payment plan. You've done really well and should be proud of yourself.

    I'll be sat quietly in the corner cheering you on, very best wishes to you. Looking forward to reading your progress :-)
    • misstara
    • By misstara 1st Jan 18, 9:56 PM
    • 2,532 Posts
    • 17,766 Thanks
    misstara
    • #8
    • 1st Jan 18, 9:56 PM
    • #8
    • 1st Jan 18, 9:56 PM
    Thank you Poor_Single_Lady, erniethecat, ani*fan, dawnybabes, INOD and Boodedoo for your comments. I'm feeling a lot more positive and motivated than I have done for quite a while. And I'm paid off this much debt already so I can do it again
    Debt at LBM Jan 2014 £10458.09 Now £0
    New flat debt Jan 2017 £2302.75 Now £1141.10 (50.4% paid)
    Car debt Nov 2017 £797.68 Now £703.58 (11.8% paid) + monthly payments £146.82 1/60
    Emergency fund - £30/£1000. Car fund - £75/£1000.
    Mini Targets in January
    Exercise target - Run 0/6, Gym 3/6. Groceries target £82.80/£150. NSD target 9/18.
    • misstara
    • By misstara 1st Jan 18, 10:37 PM
    • 2,532 Posts
    • 17,766 Thanks
    misstara
    • #9
    • 1st Jan 18, 10:37 PM
    • #9
    • 1st Jan 18, 10:37 PM
    Budget for January - £1707.57
    - £1100 usual household bills
    - £150 food
    - £150 car repayment
    - £100 fuel/travel
    - £50 social
    - £25 emergency fund
    - £25 car fund
    - £10 thank you notes, stamps and toiletries
    - £97.57 debt repayment

    £100 fuel/travel includes travel back home for my mums 60th birthday, I haven't decided yet whether to drive or get public transport.

    £50 social - I've nothing really planned at the moment but just in case.

    I've decided to put money into two separate funds - emergency and car. The car fund is to save money for road tax and insurance. I put aside £50 last month so emergency fund currently stands at £25 and car fund at £75. I'm aiming to have £1000 in each.

    I'm aiming to pay £200 off the debt this month with a stretch target of £250. I paid £97.57 today so only £103.43/£153.43 to find. £80 went to the flat debt so that's now at over 50% paid and the remaining £17.57 to the car debt.

    Meal plan for this week is done
    Soup and a roll for lunch (have got pea and ham, lentil and parsnip soup to choose from so shouldn't get bored)
    Tues - hm sausage roll, mash and beans
    Wed - beef stew
    Thurs - veg frittata
    Fri - chicken curry
    Sat - pad thai
    Sun - sausage casserole
    All from what's in the fridge, freezer and cupboards already so should only need a small top up shop for fresh stuff this week.

    I've also identified a few days that I could work for 2nd job over the next couple of weeks so I'll phone up on Wed and see if they've got anything.

    Right better get off to bed as back to work tomorrow. Night all
    Debt at LBM Jan 2014 £10458.09 Now £0
    New flat debt Jan 2017 £2302.75 Now £1141.10 (50.4% paid)
    Car debt Nov 2017 £797.68 Now £703.58 (11.8% paid) + monthly payments £146.82 1/60
    Emergency fund - £30/£1000. Car fund - £75/£1000.
    Mini Targets in January
    Exercise target - Run 0/6, Gym 3/6. Groceries target £82.80/£150. NSD target 9/18.
    • Tinkerbelle2000
    • By Tinkerbelle2000 1st Jan 18, 10:44 PM
    • 571 Posts
    • 2,025 Thanks
    Tinkerbelle2000
    Hi MissTara

    I have also just started a new diary and have come back with more debt than I left with.

    Subscribing for some of the inspiration and motivation.

    Here's to 2018.

    Tink xx
    As of 1st January 2018:-
    DEBT 1 - £0/£38.96 DEBT 2 - £5.00/£141.10 DEBT 3 - £0/£297.00DEBT 4 - £5.00/£644.12
    DEBT 5 - £0/£700.00 DEBT 6 - £0/£720.02 DEBT 7 - £0/£1479.65 DEBT 8 - £21.60/£1576.80
    DEBT 9 - £0/£1622.49 DEBT 10 - £0/£2300.00 DEBT 11 - £118.57/£2722.44 DEBT 12 - £0/£4349.39
    EMERGENCY FUND - £5/£1000
    • misstara
    • By misstara 2nd Jan 18, 7:20 AM
    • 2,532 Posts
    • 17,766 Thanks
    misstara
    Thanks for your post Tinkerbelle2000. Good luck with debt busting

    Checked the bank this morning and a couple of direct debits have gone out so I've paid £2.63 to the initial car debt. £100.80/£150.80 to pay off to meet my target for the month.

    Better go and get organised for work, really not in the mood but at least it's double time
    Debt at LBM Jan 2014 £10458.09 Now £0
    New flat debt Jan 2017 £2302.75 Now £1141.10 (50.4% paid)
    Car debt Nov 2017 £797.68 Now £703.58 (11.8% paid) + monthly payments £146.82 1/60
    Emergency fund - £30/£1000. Car fund - £75/£1000.
    Mini Targets in January
    Exercise target - Run 0/6, Gym 3/6. Groceries target £82.80/£150. NSD target 9/18.
    • misstara
    • By misstara 2nd Jan 18, 9:27 PM
    • 2,532 Posts
    • 17,766 Thanks
    misstara
    NSD 2 today

    Nothing else to report, stomach has been horrendously bad today so heading for an early bed.
    Debt at LBM Jan 2014 £10458.09 Now £0
    New flat debt Jan 2017 £2302.75 Now £1141.10 (50.4% paid)
    Car debt Nov 2017 £797.68 Now £703.58 (11.8% paid) + monthly payments £146.82 1/60
    Emergency fund - £30/£1000. Car fund - £75/£1000.
    Mini Targets in January
    Exercise target - Run 0/6, Gym 3/6. Groceries target £82.80/£150. NSD target 9/18.
    • misstara
    • By misstara 3rd Jan 18, 10:00 PM
    • 2,532 Posts
    • 17,766 Thanks
    misstara
    Bought thank you cards, stamps and toothpaste today. Also spent £9.58 on a few bits in the supermarket, shouldn't need anything else this week though.

    I phoned 2nd job today and have picked a wee shift on Friday and another one next Sunday, should get around £40 per shift. I need to put some money aside to buy a wee present for my mums birthday (we're all going on a family holiday in the summer which will be her main present so will also need to start putting aside money for that too) and for a friends birthday present. £50 should cover both then will need to start putting money towards the electricity bill although the two council tax free months will help with this.

    £3 bank account reward has been paid today so I've paid it to the flat debt, now at 50.2% paid

    Starting work at 7 tomorrow so best get to bed, night all.
    Debt at LBM Jan 2014 £10458.09 Now £0
    New flat debt Jan 2017 £2302.75 Now £1141.10 (50.4% paid)
    Car debt Nov 2017 £797.68 Now £703.58 (11.8% paid) + monthly payments £146.82 1/60
    Emergency fund - £30/£1000. Car fund - £75/£1000.
    Mini Targets in January
    Exercise target - Run 0/6, Gym 3/6. Groceries target £82.80/£150. NSD target 9/18.
    • misstara
    • By misstara 4th Jan 18, 10:14 PM
    • 2,532 Posts
    • 17,766 Thanks
    misstara
    NSD 3 today. Nothing else to report, busy day tomorrow - start at 7 and then working for 2nd job after main job so off to bed.
    Debt at LBM Jan 2014 £10458.09 Now £0
    New flat debt Jan 2017 £2302.75 Now £1141.10 (50.4% paid)
    Car debt Nov 2017 £797.68 Now £703.58 (11.8% paid) + monthly payments £146.82 1/60
    Emergency fund - £30/£1000. Car fund - £75/£1000.
    Mini Targets in January
    Exercise target - Run 0/6, Gym 3/6. Groceries target £82.80/£150. NSD target 9/18.
    • misstara
    • By misstara 5th Jan 18, 10:58 PM
    • 2,532 Posts
    • 17,766 Thanks
    misstara
    NSD 4 today

    Survived my incredibly long day but absolutely shattered, glad I've got the weekend off

    Plan for the weekend is go for a run with my friend tomorrow, go to the gym on Sunday, clean the flat, take down the tree and decs, prep food for next week and spend some quality time with OH.

    I've made a £2 payment to the car debt today. Decided I'm going to try and make a payment every day to the debt even if it's just £1. Seeing the debt decrease daily should help keep me motivated
    Debt at LBM Jan 2014 £10458.09 Now £0
    New flat debt Jan 2017 £2302.75 Now £1141.10 (50.4% paid)
    Car debt Nov 2017 £797.68 Now £703.58 (11.8% paid) + monthly payments £146.82 1/60
    Emergency fund - £30/£1000. Car fund - £75/£1000.
    Mini Targets in January
    Exercise target - Run 0/6, Gym 3/6. Groceries target £82.80/£150. NSD target 9/18.
    • misstara
    • By misstara 6th Jan 18, 11:23 PM
    • 2,532 Posts
    • 17,766 Thanks
    misstara
    Bit of a spendy day today - £35.05 on food, £38.37 on petrol, £1.50 on a drink, £7.99 on a shower caddy to keep toiletries tidy and £1 on the weighing machine at the gym.

    Went to the gym with my friend rather than a run just because it was so cold. Forgot to take my water bottle so spent £1.50 on a drink. The weighing machine was a fancy one that takes your weight, bmi and body fat. I plan to weigh myself once a month and hopefully see some progress.

    Got some YS mince today so did a big batch of bolognaise plus made some quiche to use some cream leftover from new years day. Also got some YS smoked salmon so that will be tomorrow's breakfast

    Got as far as bringing through the boxes for the Christmas tree and decs so will take them down tomorrow.

    Spent some quality time with OH today and had a good chat about little jobs that need done around the flat/things that we need to buy. The shower caddy was one so at least that's one item off the list.

    Made a £2 payment to the car debt
    Debt at LBM Jan 2014 £10458.09 Now £0
    New flat debt Jan 2017 £2302.75 Now £1141.10 (50.4% paid)
    Car debt Nov 2017 £797.68 Now £703.58 (11.8% paid) + monthly payments £146.82 1/60
    Emergency fund - £30/£1000. Car fund - £75/£1000.
    Mini Targets in January
    Exercise target - Run 0/6, Gym 3/6. Groceries target £82.80/£150. NSD target 9/18.
    • misstara
    • By misstara 9th Jan 18, 10:29 PM
    • 2,532 Posts
    • 17,766 Thanks
    misstara
    Sunday and yesterday were NSDs. Today we needed milk and washing up liquid, also got OH some of the microwave burgers that he loves (personally I could not eat them, even the smell makes me feel a bit sick) so £6.50 spent. I also popped to B00ts and got one of my fave perfumes, a gift set reduced to £25.33. Got £25 vouchers for Christmas so only 33p spent . While there, I got a s0ap and gl0ry set in their 50% sale and paid for it with points. Very pleased with what I got

    Over the last few days, I've paid £5.57 to the debt , will review my bank account tomorrow and hopefully pay more.

    Glad I put aside a wee social budget for this month as I've organised tea out with my friend tomorrow and then my sister is up at the weekend.
    Debt at LBM Jan 2014 £10458.09 Now £0
    New flat debt Jan 2017 £2302.75 Now £1141.10 (50.4% paid)
    Car debt Nov 2017 £797.68 Now £703.58 (11.8% paid) + monthly payments £146.82 1/60
    Emergency fund - £30/£1000. Car fund - £75/£1000.
    Mini Targets in January
    Exercise target - Run 0/6, Gym 3/6. Groceries target £82.80/£150. NSD target 9/18.
    • misstara
    • By misstara 13th Jan 18, 12:10 AM
    • 2,532 Posts
    • 17,766 Thanks
    misstara
    Went out for tea with my friend on Wed and spent just over £20, was lovely to have a catch up. NSD yesterday . Out for tea with my sister tonight however she treated me. Did spend £4.50 on parking though.

    Paid £2.75 to the debt yesterday and another £5.57 today . Got £45.57 from 2nd job today so the other £40 is being put aside for presents. Have picked up shifts with 2nd job on Sunday and Monday evenings so that will be another £70ish from both
    Debt at LBM Jan 2014 £10458.09 Now £0
    New flat debt Jan 2017 £2302.75 Now £1141.10 (50.4% paid)
    Car debt Nov 2017 £797.68 Now £703.58 (11.8% paid) + monthly payments £146.82 1/60
    Emergency fund - £30/£1000. Car fund - £75/£1000.
    Mini Targets in January
    Exercise target - Run 0/6, Gym 3/6. Groceries target £82.80/£150. NSD target 9/18.
    • AleMrsT
    • By AleMrsT 14th Jan 18, 3:43 PM
    • 555 Posts
    • 1,379 Thanks
    AleMrsT
    Found your new diary so going to catch up on what I've missed since December and will subscribe.

    EDITED TO ADD: Have now caught up and its great to read how motivated you still are and back on track. Glad you're still able to pick up shifts with 2nd job as and when you need.

    Good luck with diary part 2, I'm sure you'll smash it! MrsT x
    Last edited by AleMrsT; 14-01-2018 at 4:37 PM.
    Debt @ LBM Nov 2014 £7586.85 Jan 2015 £7202.85 now £4250.60 (£2952.25 PAID)
    Italy 2018 £2103.44 now £0 (Thanks PPI!)
    Christmas shopping £171.99 (plus £47.21 Amazon/surveys)/£150
    Survey income (from Oct 2017) £65.14
    Emergency Fund £0/£600
    Christmas 2018 £12.50/£400
    • misstara
    • By misstara 15th Jan 18, 10:57 PM
    • 2,532 Posts
    • 17,766 Thanks
    misstara
    Thanks AleMrsT . Definitely feeling more motivated since starting the new diary.

    Completed both shifts with 2nd job so will get some paid on Friday and the rest the following Friday.

    Today and yesterday have been NSDs, mostly because I was working. Saturday I popped to the supermarket and spent £23.40. I also spent £10.60 on coffee and cake for me and my sister.

    Paid £6.30 to the debt over the last couple of days and away to check my bank account now to see if I can make another payment
    Debt at LBM Jan 2014 £10458.09 Now £0
    New flat debt Jan 2017 £2302.75 Now £1141.10 (50.4% paid)
    Car debt Nov 2017 £797.68 Now £703.58 (11.8% paid) + monthly payments £146.82 1/60
    Emergency fund - £30/£1000. Car fund - £75/£1000.
    Mini Targets in January
    Exercise target - Run 0/6, Gym 3/6. Groceries target £82.80/£150. NSD target 9/18.
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