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  • FIRST POST
    • moneymanager
    • By moneymanager 28th Feb 12, 2:43 PM
    • 361Posts
    • 1,587Thanks
    moneymanager
    My Money Managing Ways.....
    • #1
    • 28th Feb 12, 2:43 PM
    My Money Managing Ways..... 28th Feb 12 at 2:43 PM
    Hello everyone,
    I am newish to the forum. I joined quite some time ago and have been popping in and out every now and again. But recently I have needed this forum more so than ever before. And the only way I will ever succeed in dealing with my debts is to keep a diary. So here it is…..

    I think it is best of to start with a little bit of my background. I have been married to my lovely DH for nearly 6.5 years and we have no children but we do have a very spoilt rotten little Yorkshire Terrier. I met DH nearly 10 years ago (where do the years go?) and he has always been against being in debt. When I had met him he paid off any credit cards I had and made me promise that I will never have them again. That was all ok until 2-3years ago.

    My DH worked on in the building trade and we all know how that went. DH was made redundant in April2009 and when I say redundant….there was no redundancy money but that is another story. We did not do too badly that year living on one salary. I had just finished paying off my car which was £200 per month, DH was entitled to contribution based job seekers allowance for 6 months and he was also entitled to his remaining holiday pay from the construction industry. In April 2010, he was fortunate to get some gardening work which he still does now from March through to November. But in the meantime, I managed to go into the overdraft and use a credit card to see us through the winter months.

    DH has just returned to work today and after having my LBM at the end of January 2012, our goal this year is to clear the overdraft as that is costing us £1 a day and to save £3150 which we will live on during the winter months and for Christmas presents, dinners etc. We also want to clear the smaller debts like my mum, dentist and opticians and the rest we can handle until we can deal with them. In total our debt without mortgage included is £6,574.92 and I know it is not as much as some people but it is freaking me and DH out so something has to bedone. Every winter I am always stressed out because we have no money and we end robbing peter to pay paul. I vow that it will not be like this for us next winter so that’s why we need the savings. I am also on the waiting list for IVF and I could be going through treatment next winter and stress is just something I do not need to handle during it.

    I have done my SOA but I need to check my spreadsheets at home to see if I have included everything. I have listed estimates for my yearly bills too but was not sure if I should add them to my SOA as monthly outgoings. Also DH’s salary is very unpredictable as his work is weather depending so the figure in my SOA is based on the amount I have budgeted for the winter months. I have just recently transferred my cc balance from an M&S card to Barclay's card with 0% interest for 24 months so I have made quite a bit of savings there too.

    GOALS
    · To pay off overdraft by 30 June 2012 @ £50 per week
    · To pay off dental bill by 5th March 2012
    · To pay off opticians by
    · To pay mum by
    · List renewal dates of all bills
    · Shop around for best deals
    · Save £900 forChristmas
    · Save £2250 for winter
    · Continue with challenges
    · Save pension towards winter savings @ £47.85 per week – target £1,914 by end of Nov 12

    CHALLENGES
    VSP – Target £2,000
    SP – Target £100
    £2 Savers – Target £100
    £366 Challenge – for January sales
    Crazy Clothes Challenge: Me-£100 | DH-£100
    PAD – starting with overdraft
    Last edited by moneymanager; 02-03-2012 at 11:30 AM.
    SPC10 #283 | £2 #58 | 50p #27 | 20p #35
    2018: TESCO CHRISTMAS SAVER: £0/£200 TESCOS VOUCHERS: £0 BONUS: £0 TOTAL £0
    Total Debt: £7,518.20/£857.28 = 100%/11.40%
    Mortgage £61,490.79/£59,836.51 | Car Loan: £9,217.20/4,608.60 50%
    My Money Managing Ways
Page 5
    • moneymanager
    • By moneymanager 11th Aug 17, 2:59 PM
    • 361 Posts
    • 1,587 Thanks
    moneymanager
    Managed another payout from PA for £21.58
    SPC10 #283 | £2 #58 | 50p #27 | 20p #35
    2018: TESCO CHRISTMAS SAVER: £0/£200 TESCOS VOUCHERS: £0 BONUS: £0 TOTAL £0
    Total Debt: £7,518.20/£857.28 = 100%/11.40%
    Mortgage £61,490.79/£59,836.51 | Car Loan: £9,217.20/4,608.60 50%
    My Money Managing Ways
    • quintwins
    • By quintwins 11th Aug 17, 3:03 PM
    • 5,032 Posts
    • 29,280 Thanks
    quintwins

    I know it's a hell of a lot to go through for a dog but we have no kids so our dogs are our kids and he has had no problems since as his last op for this was over a year ago.
    Originally posted by moneymanager
    I have lots of kids but I would still go to that effort if it helped my dog, they are still family after all. Def keep to what your doing it's clearly working!

    Your not too far away from me
    DFW £1263/£28996 4.3%

    EF#240 £0
    • moneymanager
    • By moneymanager 16th Aug 17, 12:22 PM
    • 361 Posts
    • 1,587 Thanks
    moneymanager
    August Goals
    - Update SOA
    - Sort through household paperwork
    - Ring Sky re: landline & broadband done
    - Freezer inventory done
    - Hoover Car
    - Ebay listings
    - Van MOT
    - Spending money for holidays
    - Cancel Halifax & Lloyds CC accounts
    - Go through to do list from organising paperwork

    Social Events

    - Work Night out done
    - Half Marathon Post Celebrations
    SPC10 #283 | £2 #58 | 50p #27 | 20p #35
    2018: TESCO CHRISTMAS SAVER: £0/£200 TESCOS VOUCHERS: £0 BONUS: £0 TOTAL £0
    Total Debt: £7,518.20/£857.28 = 100%/11.40%
    Mortgage £61,490.79/£59,836.51 | Car Loan: £9,217.20/4,608.60 50%
    My Money Managing Ways
    • moneymanager
    • By moneymanager 16th Aug 17, 12:33 PM
    • 361 Posts
    • 1,587 Thanks
    moneymanager
    I never really got to do a to do list for this week and no point in starting that now.

    So managed to get through the race in one piece and love every minute of it. I spend 9.30 euros and £4.50 the whole day. However I owe my two friends a drink come Christmas party.

    I have been off work and just back in today. I was at mums yesterday and we went for lunch. I now owe her £23 as she paid for my lunch only because I had not got change. But I will give it to her at the weekend. I also got my petrol, some bread and washing up liquid yesterday so spent a bit.

    On Monday I decided to get stuck into organising my paperwork. Alot of out of date statements, insurances etc are now in work to be shredded. I also managed to get the details to do my updated SOA so will have that done when I look at the paperwork for my car loan etc.

    I also called into my credit union yesterday and I have realised my loan as went down to £400.56 (but have £2,180.53 in my savings). I reckon that will be cleared in 3-4 months. Then I will leave it until the end of June 2018 and I will probably go for another loan to do other bits and bobs to the house. I know I am trying to be DF but I think the credit union is handy for this but they do charge interest of 12% per year and ideally a 0% credit card would be better to use for home improvements but unfortunately not an option with already £6.5k already owed to cc. One day it would be nice to have savings to use for home improvements.

    I also sent another payment of £36.38 to cc today. This included £21.58 from PA which was paid last week but I never got to look at it until now with being so busy over the weekend. I hope to clear the amount that I am paying interest on this month and then I have to focus on paying back £1,911.14 until end of June 2018 as they will start to charge interest on that amount, hence the reason I am not going to get another loan from cu until then. I can get back £100 a month which I can use to pay off this amount quicker.
    SPC10 #283 | £2 #58 | 50p #27 | 20p #35
    2018: TESCO CHRISTMAS SAVER: £0/£200 TESCOS VOUCHERS: £0 BONUS: £0 TOTAL £0
    Total Debt: £7,518.20/£857.28 = 100%/11.40%
    Mortgage £61,490.79/£59,836.51 | Car Loan: £9,217.20/4,608.60 50%
    My Money Managing Ways
    • quintwins
    • By quintwins 16th Aug 17, 1:35 PM
    • 5,032 Posts
    • 29,280 Thanks
    quintwins
    I like the credit union, I've never actually taken a loan with them but I know people who have. I did save my house deposit with them. I like that you can't instantly access that money so it really makes you think before you spend it. Also for some reason it seems more acceptable for me to go in and empty my purse and lodge all my change than it does in the bank and mine always have lots of staff on and seats for the kids so it's one of the less stressful bank experiences for me.

    Well done on paying your credit card, You could still look at another 0% card, I had more than you on credit cards when I got my last one (not gonna lie I was shocked I got it!)

    Well done on the race
    DFW £1263/£28996 4.3%

    EF#240 £0
    • Hiddenidenity
    • By Hiddenidenity 16th Aug 17, 8:43 PM
    • 5,314 Posts
    • 26,060 Thanks
    Hiddenidenity
    Well done on the race
    DFW £1783.71/£7348.71 Rent Arrears £571.28/£3381.28

    Rock bottom became the solid foundation on which I rebuilt my life.
    • moneymanager
    • By moneymanager 17th Aug 17, 3:05 PM
    • 361 Posts
    • 1,587 Thanks
    moneymanager
    My credit card statement is due today but logging on today and it doesn't seem to be ready. I can't believe I am quite excited to get my cc statement. But from this months one I will have a clearer picture of things.

    I decided to go for lunch today with my colleague, it was my idea. But I will not see her for a bit as she is on leave next week and then I am on leave and also I am starting my diet again tomorrow. So it had to be done. So that was £9 spent today.

    I also called into the library to pick up a requested book and that was 50p but so much cheaper than buying it.

    I haven't done anything on PA since last week. I just haven't had the time to keep checking it so need to get back into the swing of it this week.

    I am not in the office tomorrow as I will be at a workshop but this will give me a mileage cheque in my salary this month. It just means not having time to get a meal plan sorted for next week not unless I get a chance later tonight after my run.
    SPC10 #283 | £2 #58 | 50p #27 | 20p #35
    2018: TESCO CHRISTMAS SAVER: £0/£200 TESCOS VOUCHERS: £0 BONUS: £0 TOTAL £0
    Total Debt: £7,518.20/£857.28 = 100%/11.40%
    Mortgage £61,490.79/£59,836.51 | Car Loan: £9,217.20/4,608.60 50%
    My Money Managing Ways
    • moneymanager
    • By moneymanager 28th Aug 17, 4:29 PM
    • 361 Posts
    • 1,587 Thanks
    moneymanager
    Sorry I have been MIA for over a week!

    I took sick last week which meant I didn't get into work for most of last week. I am also off today for the bank holiday.

    I haven't been as good with my budget and doing surveys this last week as I just wasn't feeling it. But hope to get all updated this week when I am back to work. Just feel better using my work pc than my dinosaur laptop at home.

    I am only in for a few days and then off again for a week for my hols.
    SPC10 #283 | £2 #58 | 50p #27 | 20p #35
    2018: TESCO CHRISTMAS SAVER: £0/£200 TESCOS VOUCHERS: £0 BONUS: £0 TOTAL £0
    Total Debt: £7,518.20/£857.28 = 100%/11.40%
    Mortgage £61,490.79/£59,836.51 | Car Loan: £9,217.20/4,608.60 50%
    My Money Managing Ways
    • Hiddenidenity
    • By Hiddenidenity 28th Aug 17, 4:39 PM
    • 5,314 Posts
    • 26,060 Thanks
    Hiddenidenity
    Hope you're feeling better and everythings okay x
    DFW £1783.71/£7348.71 Rent Arrears £571.28/£3381.28

    Rock bottom became the solid foundation on which I rebuilt my life.
    • moneymanager
    • By moneymanager 30th Aug 17, 9:59 AM
    • 361 Posts
    • 1,587 Thanks
    moneymanager
    Thanks Hidden, just have an annoying cough now but back to work this week.
    SPC10 #283 | £2 #58 | 50p #27 | 20p #35
    2018: TESCO CHRISTMAS SAVER: £0/£200 TESCOS VOUCHERS: £0 BONUS: £0 TOTAL £0
    Total Debt: £7,518.20/£857.28 = 100%/11.40%
    Mortgage £61,490.79/£59,836.51 | Car Loan: £9,217.20/4,608.60 50%
    My Money Managing Ways
    • moneymanager
    • By moneymanager 30th Aug 17, 2:19 PM
    • 361 Posts
    • 1,587 Thanks
    moneymanager
    My only 'to-dos' this week until Friday is to prep for going away on holidays. I didn't get through all my August goals but that was down to not being well so I have transferred them onto September. DH's is organising getting his van prepped for MOT before we go as his MOT is the day after we get back.

    Weekly Goals

    - Pack for Holidays
    - Make Up Dog Food (I homecook for one of my pups)
    - Nail Appointment
    - Eyebrow Appointment
    - Hair Appointment
    - Van into mechanic (DH)
    - Cut DH's hair
    - Holiday Groceries
    - Beautify Myself for Holidays
    - Relax

    August Goals
    - Update SOA
    - Sort through household paperwork
    - Ring Sky re: landline & broadband done
    - Freezer inventory done
    - Hoover Car
    - Ebay listings
    - Van MOT Ongoing
    - Spending money for holidays
    - Cancel Halifax & Lloyds CC accounts
    - Go through to do list from organising paperwork

    September Goals
    - Update SOA
    - Ebay listings
    - Van MOT Ongoing
    - Cancel Halifax & Lloyds CC accounts
    - Go through to do list from organising paperwork
    - Crochet Projects
    SPC10 #283 | £2 #58 | 50p #27 | 20p #35
    2018: TESCO CHRISTMAS SAVER: £0/£200 TESCOS VOUCHERS: £0 BONUS: £0 TOTAL £0
    Total Debt: £7,518.20/£857.28 = 100%/11.40%
    Mortgage £61,490.79/£59,836.51 | Car Loan: £9,217.20/4,608.60 50%
    My Money Managing Ways
    • moneymanager
    • By moneymanager 30th Aug 17, 2:37 PM
    • 361 Posts
    • 1,587 Thanks
    moneymanager
    Debt Update
    Credit Card
    I finally got my credit card statement and realised that the refund of £100 that they did, they charged interest on this. I had asked for the refund because when I went to change my DD to £100 they told me to make a manual payment as the DD would not be set up in time, so I did and they took the £100 out by DD as well so the only way around that was to refund the manual payment. I rang them and they did refund the interest including the interest that went on for next month but this month's payment will clear it, hopefully. I was hoping that I would be a bit more set as to where I am with the cc this month but now need to wait until next statement date. Since July I have paid a total of £261.49 and I will be sending another £14.13 to it along with £100 DD which will happened in Sept.

    Catalogue
    I made another £35 payment this month and the balance is now £34.98 and that will be paid off at the end of Sept. I keep my catalogue for electrically emergencies but hopefully one day I will have a nice EF to not use it.

    Mum
    Haven't paid anything to mum yet. I am doing up some crochet items for her so that she can gift them and I did say I will just take off from what I owe her rather than her giving me money for materials. The thing I am not too sure on what to do is, do I charge labour too? She is my mum and I probably would not normally do so. Any ideas?

    Credit Union
    This balance is down to £400.56. I am never too sure how much of my £130 per month goes to interest and shares. I know that £1 does go to my savings. So need to keep an eye on this but I know it will be paid out by the end of the year. I will hold off until June 2018 before looking at renewing this. I do need work done in the house and this is my only means of doing it when having to pay off a credit card.

    Car Loan
    This is ongoing until March 2020 unfortunately.

    Mortgage
    I am due to renew this come the beginning of December so will start looking into it beginning of November. I am hoping that I can get a decent rate that will shave some time off my mortgage.
    SPC10 #283 | £2 #58 | 50p #27 | 20p #35
    2018: TESCO CHRISTMAS SAVER: £0/£200 TESCOS VOUCHERS: £0 BONUS: £0 TOTAL £0
    Total Debt: £7,518.20/£857.28 = 100%/11.40%
    Mortgage £61,490.79/£59,836.51 | Car Loan: £9,217.20/4,608.60 50%
    My Money Managing Ways
    • moneymanager
    • By moneymanager 30th Aug 17, 2:50 PM
    • 361 Posts
    • 1,587 Thanks
    moneymanager
    I have also been spending quite a bit lately. Today alone I have spend around £18-£19 and also managed to spend around £51 at the weekend. But it is all for holidays. I desperately needed underwear and we both needed toiletries. But I have also been treating myself to lunch and in the passed two weeks I have eaten out three times. I am also going out for lunch tomorrow. But I feel it's all in the run up to me winding down. I will definitely be back on the wagon when I get home.
    SPC10 #283 | £2 #58 | 50p #27 | 20p #35
    2018: TESCO CHRISTMAS SAVER: £0/£200 TESCOS VOUCHERS: £0 BONUS: £0 TOTAL £0
    Total Debt: £7,518.20/£857.28 = 100%/11.40%
    Mortgage £61,490.79/£59,836.51 | Car Loan: £9,217.20/4,608.60 50%
    My Money Managing Ways
    • moneymanager
    • By moneymanager 8th Sep 17, 3:05 PM
    • 361 Posts
    • 1,587 Thanks
    moneymanager
    So just back from holidays to the vet bill. Turned out to be 3 times more than I had expected......£294.99!!!! That's just the insurance excess as it was covered under the insurance. I am going to have to get items listed on EBay this week.

    Also DH got word that there is about £300 worth of work needed to be done to the van. That's not on top of £60 we need to paid for what the mechanic done to get him through MOT.....if it even goes through.

    Well that's a nice end to the hols and there I was suggesting to DH about organising a weekend away after Christmas. Not so sure if that will happen now.
    SPC10 #283 | £2 #58 | 50p #27 | 20p #35
    2018: TESCO CHRISTMAS SAVER: £0/£200 TESCOS VOUCHERS: £0 BONUS: £0 TOTAL £0
    Total Debt: £7,518.20/£857.28 = 100%/11.40%
    Mortgage £61,490.79/£59,836.51 | Car Loan: £9,217.20/4,608.60 50%
    My Money Managing Ways
    • moneymanager
    • By moneymanager 9th Sep 17, 7:47 AM
    • 361 Posts
    • 1,587 Thanks
    moneymanager
    So DH's van goes in for MOT this morning. I doubt it will get through as it fails every year even though we ask a mechanic to look at it. But even if it does pass we need to still get the work done anyway.

    Going to head into Mr A afterwards to get a chicken for dinner tonight. I haven't done a grocery shop since coming back from hols except picking up bits to make the dogs dinner yesterday. Need to get a few bits though as back to work on Tuesday and back to healthy eating so not only going to meal plan, I hope to meal prep.
    SPC10 #283 | £2 #58 | 50p #27 | 20p #35
    2018: TESCO CHRISTMAS SAVER: £0/£200 TESCOS VOUCHERS: £0 BONUS: £0 TOTAL £0
    Total Debt: £7,518.20/£857.28 = 100%/11.40%
    Mortgage £61,490.79/£59,836.51 | Car Loan: £9,217.20/4,608.60 50%
    My Money Managing Ways
    • Purplemumof2
    • By Purplemumof2 9th Sep 17, 8:20 AM
    • 5,354 Posts
    • 18,301 Thanks
    Purplemumof2
    Fingers crossed that the van passes the MOT and that the work needed isn't too expensive x
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £7100.00 Cap 1: £533.40 BC: £5090.00

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

    20p Savers 2017 £2 Savers 2017 50p Savers 2017 SPC 11 2018 #003
    • moneymanager
    • By moneymanager 9th Sep 17, 3:31 PM
    • 361 Posts
    • 1,587 Thanks
    moneymanager
    So the van passed it's MOT but God only knows how that happened considering it died while it was getting tested. I took it through as normally but as I drove into the test centre it made a weird noise and the air bag light came on and the diesel needle dropped to zero. When the tester got in he said that the air bag light was an automatic fail but I told him it only came on as I drove in. Then he put it on that part that shakes the vehicle about and it died. The dashboard lights wouldn't come on and the ignition would not start. He told me to pop the bonnet and he did something and it started working again. I am not sure if he was allowed to do that but it was just the battery terminal that popped off. Couldn't believe it when he passed it. Still have to get the breaks and exhaust sorted but couldn't believe it. I was so hungry we ended up in McDs for food.
    SPC10 #283 | £2 #58 | 50p #27 | 20p #35
    2018: TESCO CHRISTMAS SAVER: £0/£200 TESCOS VOUCHERS: £0 BONUS: £0 TOTAL £0
    Total Debt: £7,518.20/£857.28 = 100%/11.40%
    Mortgage £61,490.79/£59,836.51 | Car Loan: £9,217.20/4,608.60 50%
    My Money Managing Ways
    • Purplemumof2
    • By Purplemumof2 9th Sep 17, 3:58 PM
    • 5,354 Posts
    • 18,301 Thanks
    Purplemumof2
    Yay to the van passing. What a relief hope you enjoyed the maccy's
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £7100.00 Cap 1: £533.40 BC: £5090.00

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

    20p Savers 2017 £2 Savers 2017 50p Savers 2017 SPC 11 2018 #003
    • moneymanager
    • By moneymanager 13th Sep 17, 2:23 PM
    • 361 Posts
    • 1,587 Thanks
    moneymanager
    So I am back to work and I haven't done much in the way of looking at my budget and bank account. I have been busy at work trying to catch up so hope to have everything balanced by the end of the week.

    I got notification that my mortgage is due for renewal so have went on to look at the rates for a fixed rate for 2 years. There was an offer for 1.39% but with a product fee of £999 or one with no product fee and at the rate of 1.59%. I think I will go with the ladder as I don't want to add any fees. I will have to give them a ring as I also want to talk about decreasing the term from 10 years 11 months to 10 years and see how much that runs me monthly.

    I still haven't paid the vet bills. I can get £200 to them but will have to use £100 I put away for oil on top of the £100 I had. Vets are not the type to wait for their payments so I need to get this sorted asap but not sure where I am getting the extra £95. I might have to forfeit the extra payment to cc this month.
    SPC10 #283 | £2 #58 | 50p #27 | 20p #35
    2018: TESCO CHRISTMAS SAVER: £0/£200 TESCOS VOUCHERS: £0 BONUS: £0 TOTAL £0
    Total Debt: £7,518.20/£857.28 = 100%/11.40%
    Mortgage £61,490.79/£59,836.51 | Car Loan: £9,217.20/4,608.60 50%
    My Money Managing Ways
    • moneymanager
    • By moneymanager 14th Sep 17, 2:55 PM
    • 361 Posts
    • 1,587 Thanks
    moneymanager
    So I got a look at my bank balance today and I am just a little annoyed that it isn't great. It will go slightly overdrawn by a few pennies but I will get that transferred back in. I am just annoyed that the £75 I set aside for Christmas pressies was eaten up by purchasing items for holiday and getting my hair done. The extra money I made here and there last month also went to this. Oh well, can't do anything about that now.

    I also don't think I will be managing the extra £75 per month on top of my DD of £100 to cc this month. I really need to get that vet bill paid as they don't wait too long for their payments and since I know the vet I don't want to be embrassed for not paying it. So need to use my oil money and any extra money I make this month with surveys etc to put towards this. However going to have to tell DH I need to use some of the money set aside for the van work as well. He will not be a happy bunny....he just hates vets!

    I am also so behind on put into my sealed pot and Christmas saver so need to get on top of all that too. Sometimes you think is it worth the headache going on holidays.
    SPC10 #283 | £2 #58 | 50p #27 | 20p #35
    2018: TESCO CHRISTMAS SAVER: £0/£200 TESCOS VOUCHERS: £0 BONUS: £0 TOTAL £0
    Total Debt: £7,518.20/£857.28 = 100%/11.40%
    Mortgage £61,490.79/£59,836.51 | Car Loan: £9,217.20/4,608.60 50%
    My Money Managing Ways
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