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  • FIRST POST
    • Lucifa73
    • By Lucifa73 6th Apr 10, 10:32 PM
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    Lucifa73
    Lucifa's (Ac)counting the pennies DFW diary
    • #1
    • 6th Apr 10, 10:32 PM
    Lucifa's (Ac)counting the pennies DFW diary 6th Apr 10 at 10:32 PM
    Hi there. Me again

    So why the new diary? Well after 14months of being unemployed (8 months of which had been planned as maternity leave...) I have, today, been offered a job. Pretty good timing as JSA was about to run out mid May and the redundancy pot is pretty much empty.... Talk about cutting it fine!!!

    Anyways, I start work in 12 days time (those who don't already know will soon learn I don't hang about once a decision is taken), which means there is not much time to get done things that need to be got done...

    I need to compile a to do list, sort out a budget and get back on the fast track to being debt free.

    When I first had a true LBM in early 2008 I owed nearly £8,000 and by Jan 2009 had reduced the debt to £4,482 and was well on track for being all but debt free by now but Fate dealt a blow in the form of redundancy. Between making up small monthly shortfalls and some optimistic/comfort spending my debt has gradually risen again. I haven't got a precise total but I know I owe roughly £7,000. Not quite back to square one, but not great either.

    The debt is made up of four balances :

    Santander loan : £1,400
    Egg Mastercard : £2,200
    Tesco Mastercard : £2,000
    HBoS o/draft : £1,400

    The loan is fixed term and will be paid off in December this year. The most expensive is the overdraft which will be tackled first and foremost. I can't believe a year ago it was all but clear

    Personal budget looks something like this:


    Income 1,900

    Joint account (1,000)
    A&L loan (156)
    Mobile phone (20)
    Tesco card (60)
    Egg card (40)
    Contacts (20)
    Cat insurance (14)
    Overdraft (200)
    Commute (90)
    Spends (100)

    BALANCE 327

    The surplus will be chucked at debt for the most part and I will put away some for Xmas/holiday and goodies.

    So onwards and upwards then I guess
    Last edited by Lucifa73; 07-04-2010 at 9:40 PM.
    80/20 - Life is to be enjoyed, not endured
Page 7
    • Lucifa73
    • By Lucifa73 2nd Aug 10, 10:05 AM
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    Lucifa73
    It's all looking good and I am soo in awe of your fitness drive!

    It would have been rude to leave the shirt and trousers at that price
    Originally posted by redsquirrel80
    I thought so and I have had two compliments this morning in my new outfit
    80/20 - Life is to be enjoyed, not endured
  • redsquirrel80
    Well that's always nice
    Debt@16.12.09 £10,362.38, now debt free as of 29.02.2012.
    "I cannot make my days longer so I strive to make them better."
    • Lucifa73
    • By Lucifa73 3rd Aug 10, 8:23 AM
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    Lucifa73
    Aunt Flo arrived this morning. Nearly rolled over and went back to sleep but in a (not so rare theses days) moment of madness I stood up to her and got up and went to the gym.

    Not a session to light the world on fire but the fact I even got up at all is a HUGE step forward.
    80/20 - Life is to be enjoyed, not endured
    • Lucifa73
    • By Lucifa73 30th Aug 10, 2:43 PM
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    Lucifa73
    Well it's that time again - yep its pay day.

    Now I'm out of probabtion I am entitled to the childcare voucher scheme so 243 will be coming off gross so net pay will be less but overall I should be about the same (paying less to joint account and paying less tax NI should even out what is left in my personal pot)

    So here's the rough and ready SOA for September

    Income ..........1890
    Joint a/c ........(850)
    Other pmts .....(138)
    Debt pmts ......(496) this includes 200 to Barclaycard
    'Surplus' ..........406

    I would like to but new trainers this month (about £40) and finally get a couple more shirts for work (about £50) but other than that no spends planned so will be interesting to see how much I am left with come 30 September...
    80/20 - Life is to be enjoyed, not endured
    • beanielou
    • By beanielou 30th Aug 10, 8:43 PM
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    beanielou
    A healthy looking surplus there
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • Lucifa73
    • By Lucifa73 31st Aug 10, 7:47 AM
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    Lucifa73
    A healthy looking surplus there
    Originally posted by beanielou
    Hopefully I will manage to hang on to some of it and chuck a bit more at the Barclaycard this month
    80/20 - Life is to be enjoyed, not endured
    • Lucifa73
    • By Lucifa73 30th Sep 10, 9:10 AM
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    Lucifa73
    Hooray - tis payday again

    Hag £150 left from last month's pay but instead of chucking it at the Barclay card I decided to top up the Xmas fund...

    So this month's mini budget

    Income: 1890 (after childcare vouchers 243)

    Expenses
    Joint account 850
    Debt payments 313
    Other D/Ds 124

    Surplus 603

    Committed Extras:
    Train ticket 90
    Craft fair 50
    Personal training 45

    Balance 418

    I will definitely need new trousers and shirts this month! Hoping for another 100 to the Xmas pot (which will also cover anniversary and Hubbles' birthday...)
    80/20 - Life is to be enjoyed, not endured
    • Lucifa73
    • By Lucifa73 23rd Nov 10, 11:44 AM
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    Lucifa73
    Pleased to report that total debt is once again less than £9,000

    As of next Monday the loan will be paid in full

    Probably no drastic move before end of the year but 2011 will see the HBoS overdraft and at least 1 credit card kicked into touch

    You know if I hadn't been made redundant I would not have the OD or the Egg card debt
    80/20 - Life is to be enjoyed, not endured
    • Lucifa73
    • By Lucifa73 30th Nov 10, 2:18 PM
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    Lucifa73
    A&L loan is finally gone! Woohoo!

    Need to drill into the HBoS OD now as they have moved from charging an interest rate to charging £1 a day for the facility FFS! That means no matter how quickly I pay it off every month will cost be around £30
    80/20 - Life is to be enjoyed, not endured
  • Gemmzie
    I had that with my Halifax account too Luc, it doesn't seem fair does it.
    No longer using this account for new posts from 2013
    • Lucifa73
    • By Lucifa73 30th Nov 10, 2:49 PM
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    Lucifa73
    Its ridiculous. The cost of my OD has basically doubled . A&L (or Santander now I suppose) do the similar but there is a cap of £5 per month which is MUCH more reasonable!
    80/20 - Life is to be enjoyed, not endured
    • beanielou
    • By beanielou 30th Nov 10, 2:55 PM
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    beanielou
    Can you maybe consider changing banks?
    Great news om ta ta to loan
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • Lucifa73
    • By Lucifa73 30th Nov 10, 3:15 PM
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    • 9,085 Thanks
    Lucifa73
    Can you maybe consider changing banks?
    Great news om ta ta to loan
    Originally posted by beanielou
    Really not sure where else I would get a £1400 OD from tbh. I will just use my Santander one every month to transfer it across. Actually thinking anbout it I could just pay the charges every month and save the amount needed to clear it. There's no benefit in reduced interest cost in clearing it piecemeal.. ... Hmmm Whereas I would earn a wee bit of interest in my ISA if I stacked thatup instead...

    What do you think?
    80/20 - Life is to be enjoyed, not endured
    • beanielou
    • By beanielou 30th Nov 10, 3:42 PM
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    beanielou
    Thats sounds ok.
    For me TBH I have found my OD really hard to totally get rid.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • Lucifa73
    • By Lucifa73 29th Nov 17, 3:41 PM
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    Lucifa73
    OMG It's been a while!
    *Creaks open door and near chokes as a ton of dust blows in my face*


    Hello? Anyone around? Gosh it has been a while...
    80/20 - Life is to be enjoyed, not endured
    • Purplemumof2
    • By Purplemumof2 29th Nov 17, 3:48 PM
    • 5,275 Posts
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    Purplemumof2
    Hi Lucifa,

    Welcome back
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £7000.00 Cap 1: £457.35 BC: £5000.00

    AFD 0/10 NSD 0/10 LTW 0/10

    20p Savers 2017 £2 Savers 2017 50p Savers 2017 SPC 11 2018 #003
    • Lucifa73
    • By Lucifa73 29th Nov 17, 4:05 PM
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    • 9,085 Thanks
    Lucifa73
    Feels a bit weird to read back my posts! I need to update my signature but fair to say I am in a much better place financially. I've just got a bit 'spendy' recently and thought this would be a good place to come and regain control!
    80/20 - Life is to be enjoyed, not endured
    • Lucifa73
    • By Lucifa73 30th Nov 17, 2:30 PM
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    • 9,085 Thanks
    Lucifa73
    Musings
    Have to say I'm not quite sure what brought me back here after such a loooooong absence...


    Life is pretty good chez Luc. Hubbles and I are both in good jobs that are relatively secure. We finally managed to save the deposit on a lovely family home. Our 2 boys (8 and 5 now - weird to think neither of them existed when I first found MSE) are thriving in their new school and life is pretty hectic.


    It will be good to tap back in to the tips and tricks on here that help make the money go further. Pity it can't help create more time to do things! I do need to revisit our current account provider, it will soon be time to change utility company and in another 7 months it will be time to look at re-mortgaging as our fixed rate period will be coming to an end. Hopefully with 15% equity we can get a decent deal!


    It will me nice to see new faces and old so please pop in and say hello! I don't bite! Well not without permission!
    80/20 - Life is to be enjoyed, not endured
    • UncannyScot
    • By UncannyScot 30th Nov 17, 6:18 PM
    • 873 Posts
    • 5,086 Thanks
    UncannyScot
    Hello... thought I would pop in
    I have Ale and cakes n stuff to share so feel free to visit me anytime
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
    • Lucifa73
    • By Lucifa73 30th Nov 17, 6:35 PM
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    Lucifa73
    Hello there! I was actually reading your diary (I got to #398) and I am mightily impressed with your outlook on life. I will be reading the rest tonight no doubt.
    80/20 - Life is to be enjoyed, not endured
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