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  • FIRST POST
    • Sun Addict
    • By Sun Addict 8th Mar 13, 8:30 AM
    • 4,554Posts
    • 26,666Thanks
    Sun Addict
    Looking for the silver lining
    • #1
    • 8th Mar 13, 8:30 AM
    Looking for the silver lining 8th Mar 13 at 8:30 AM
    Well I'm back! After clearing my debt in 2010 and staying debt free for a couple of years I'm now back to square one. Mainly due to OH's work being so erratic (he is a sub contractor in the building trade). He has weeks at a time with no work and when he does get work the pays not great - but anything is better than nothing. My wages cover the bills and food thankfully but nothing else.

    Anyway a combination of OH not bringing much in and not budgeting properly has led to me building up credit card debt again (thankfully at 0%) of £5368.95

    I have realised that the only way to stay on top of things is to stick to a budget. What we were doing before is spending the money before we had it on a credit card and then clearing it at the end of the month. But OH can be at work one day and laid off the next so we didn't always have the money to cover what we'd spent and this is where we have been going wrong and how the debt has built up again by me having to transfer it to a 0% card.

    What's happening now is I'm trying to stay on top of things by having a "pot" of money in my monthly budget and sticking to that. Once I have cracked this then it should be easy to stay out of debt when it's paid off.

    At the end of the month whatever OH has earned is split as follows:

    50% is for petrol, OH's work expenses/mobile phone, and anything else we need that month

    25% is for holidays (I know we shouldn't be having holidays whilst in debt but they keep us smiling through the uncertainty)

    25% is for paying off the debt and when this is paid off this will become savings.

    So far I've stuck to this for two months. It's hard at times but this is the only way to do it. Should OH not bring anything in one month then I'm afraid we'll have to dip into what little savings we have in our emergency fund. BUT NO MORE ADDING TO THE DEBT!!!

    Currently the debt is split between two cards:

    Barclaycard £1800 0% until September 2013 -so this must be paid off first

    Halifax £3568.95 0% until 2015 - so a bit more breathing space on this one but still want it paid off asap.

    I'm doing the grocery challenge and the virtual sealed pot and doing well with this. The VSP will pay for Christmas.

    Decided to do a new diary as it helped so much last time - so here I go again on my second debt-free journey. Determined this will be the last time.
    Virtual Sealed Pot £671.22
    November NSD 5/12
    Weight loss 2/7lbs
    Mr SA finally in remission December 2013
Page 206
    • JWPopps
    • By JWPopps 5th Jun 17, 3:44 PM
    • 254 Posts
    • 1,315 Thanks
    JWPopps
    Sorry to hear about the headache, but delighted to hear you have been successful with the mortgage stuff - AND of course, £100 bonus!
    Credit Card Debt: £572.37
    Loan Debt: £6,454.65
    Savings: £170



    [B]PAYDBX 2017 - #19 : 57% paid 4715/8280[/
    • amber03
    • By amber03 5th Jun 17, 9:45 PM
    • 784 Posts
    • 4,586 Thanks
    amber03
    Sounds like a good day for u SA? I am also having to control my spending more now as I've decided to quit one of my jobs in August. It's my school job as a mid day assistant. I am increasing the hours in my other job in a supermarket. I do waste money and need to be more careful. Like u it will be worth it in the end.
    Debtfree and and staying that way.
    £1000 Emergency fund No.112 £106.25


    WOMBLER 2017 NO. 5 £7.20
    • beanielou
    • By beanielou 5th Jun 17, 10:02 PM
    • 48,525 Posts
    • 178,619 Thanks
    beanielou
    Ooh it is all happening~~how exciting
    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***
    • Hiddenidenity
    • By Hiddenidenity 6th Jun 17, 12:28 AM
    • 4,230 Posts
    • 26,377 Thanks
    Hiddenidenity
    Amazing news

    Hope the heads better x
    • Sun Addict
    • By Sun Addict 6th Jun 17, 6:39 AM
    • 4,554 Posts
    • 26,666 Thanks
    Sun Addict
    Have done calculations and provided I stick to my budgets, there's no reason why it shouldn't work. We'll still be able to go on holiday and save. It will make me pull my socks up. I've stressed the importance of this to Mr SA as you know what he's like with his lists of things he wants. Already on his list: he's broken yet another gold cross off his chain (the second one in a year) and his electric toothbrush has stopped working (no longer under guarantee) plus the camping chair!!

    Yesterday was a low spend day £5.65 on milk and fruit from local shop. Today should be the same - Zumba £3.50 that should be it.

    Up a bit later today as have cervical screening at 8am, will be glad to get that over and done with.

    Pouring with rain at the moment

    Hope everyone has a good day.
    Virtual Sealed Pot £671.22
    November NSD 5/12
    Weight loss 2/7lbs
    Mr SA finally in remission December 2013
    • JWPopps
    • By JWPopps 6th Jun 17, 11:15 AM
    • 254 Posts
    • 1,315 Thanks
    JWPopps
    To clarify, when I 'liked' the above post, I was in no way 'liking' your cervical screening.... I just hope it was over quickly

    And that the rain stops soon!!
    Credit Card Debt: £572.37
    Loan Debt: £6,454.65
    Savings: £170



    [B]PAYDBX 2017 - #19 : 57% paid 4715/8280[/
    • mummytogirls
    • By mummytogirls 6th Jun 17, 3:16 PM
    • 5,552 Posts
    • 18,003 Thanks
    mummytogirls
    How exciting that your house plans are all coming together SA.

    Hope the appointment this morning wasn't too horrendous. I always think the thought is worse than just getting it over with!! xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
    • Sun Addict
    • By Sun Addict 6th Jun 17, 8:00 PM
    • 4,554 Posts
    • 26,666 Thanks
    Sun Addict
    Appointment over and done with quickly thankfully.

    Horrendous bus journey to work, packed, everywhere soaked, traffic slow.

    Not told Mr SA yet but I've got to go to London again next Thursday, not staying overnight but won't be home until about 7pm. Fortunately I've got the Friday off work to recover.

    As predicted low spend day of £3.50 for Zumba. Ticked a few boxes today - 1/12 workouts, 4/15 over 16,000 steps days and (drum roll) AFD 1/12
    Virtual Sealed Pot £671.22
    November NSD 5/12
    Weight loss 2/7lbs
    Mr SA finally in remission December 2013
    • Sun Addict
    • By Sun Addict 7th Jun 17, 7:11 PM
    • 4,554 Posts
    • 26,666 Thanks
    Sun Addict
    Can you believe the handle snapped on my washing machine door last night. Washing trapped inside it and of course today was a fab drying day
    Fortunately, have insurance on it and it's being fixed tomorrow. Washing will be set free!

    Have got alcohol free red wine tonight - mmm, not sure if I like it.
    Virtual Sealed Pot £671.22
    November NSD 5/12
    Weight loss 2/7lbs
    Mr SA finally in remission December 2013
    • beanielou
    • By beanielou 7th Jun 17, 8:11 PM
    • 48,525 Posts
    • 178,619 Thanks
    beanielou
    Boo to washing machine.
    Have to say I quite like a lowish alcohol rose from M & S.
    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***
    • Southern-Girl
    • By Southern-Girl 8th Jun 17, 8:03 AM
    • 62 Posts
    • 495 Thanks
    Southern-Girl
    Have got alcohol free red wine tonight - mmm, not sure if I like it.
    Originally posted by Sun Addict
    Isn't that just Ribena?

    • mummytogirls
    • By mummytogirls 8th Jun 17, 4:46 PM
    • 5,552 Posts
    • 18,003 Thanks
    mummytogirls
    Oh noooo to the washer door SA, so glad its insured but how annoying re drying day xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
    • Sun Addict
    • By Sun Addict 9th Jun 17, 9:17 PM
    • 4,554 Posts
    • 26,666 Thanks
    Sun Addict
    The alcohol free red wine actually did taste like Ribena Southern Gal Only had one glass - the rest of it is still in the fridge, I'd rather have herbal tea to be honest.

    Since I last posted Mr SA has had two falls and a sickness bug None the worse for wear though.

    In better news, the washer was fixed and washing all done and dried, the skip is here, just waiting for DD to start clearing her room. Mr SA put some things in the skip, duly retrieved by scrap man, I don't mind it's recycling and leaves more room in the skip for more of our rubbish.

    Manic day at work, to say I have sedentary job have been up and down all day, done over 20,000 steps. Short staffed due to annual leave.
    Virtual Sealed Pot £671.22
    November NSD 5/12
    Weight loss 2/7lbs
    Mr SA finally in remission December 2013
    • please-let-me-be-lucky
    • By please-let-me-be-lucky 9th Jun 17, 9:25 PM
    • 8,344 Posts
    • 46,779 Thanks
    please-let-me-be-lucky
    Hope DD utilises the skip asap!

    Have a lovely weekend Xx
    Debts @ LBM £23,729.31. Debts @ 08/04/2016 £0

    NSDs achieved in November 2/5
    Lbs lost 14.5/107.
    • Silver Queen
    • By Silver Queen 9th Jun 17, 9:31 PM
    • 157 Posts
    • 925 Thanks
    Silver Queen
    Hope Mr SA is okay!
    • beanielou
    • By beanielou 9th Jun 17, 9:33 PM
    • 48,525 Posts
    • 178,619 Thanks
    beanielou
    Happy skipping!!
    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***
    • Hiddenidenity
    • By Hiddenidenity 9th Jun 17, 9:37 PM
    • 4,230 Posts
    • 26,377 Thanks
    Hiddenidenity
    Hope Mr SA is feeling better now.

    The skip arriving must feel like things are taking a huge step to be started now.
    • Sun Addict
    • By Sun Addict 9th Jun 17, 9:58 PM
    • 4,554 Posts
    • 26,666 Thanks
    Sun Addict
    Mr SA is ok now folks. His immune system is rubbish and he picks up every bug going. Falls wise he hurt his shoulder but not too bad.

    Need to fill and get rid of skip before a week on Monday when the builder's skip arrives. DD has the week off work and has promised to clear her room.

    Can't believe building society are sending surveyor next Wednesday to do full survey for £15k extra borrowing. House will be a tip as starting to pack up kitchen and bathroom. Hope surveyor is aware work is to be done and won't say needs new kitchen, bathroom, boiler, etc and down value it. Starting to wish I'd gone for personal loan, I'm sure there wouldn't have been all this palaver. Plus they have now asked for copy of my wage slip and Mr SA's benefits statements three times now!! I know they have to be careful but remortgage is less than 25% value of house and if the worst came to the worst we could sell up and move to a smaller place - our house is in an area where houses sell as soon as they go on sale.

    Plans for the weekend: WW tomorrow then skip filling, packing up kitchen/bathroom and decluttering. Next week: 3 days in office then London Thursday, Friday off.
    Virtual Sealed Pot £671.22
    November NSD 5/12
    Weight loss 2/7lbs
    Mr SA finally in remission December 2013
    • mummytogirls
    • By mummytogirls 10th Jun 17, 4:13 PM
    • 5,552 Posts
    • 18,003 Thanks
    mummytogirls
    Busy weekend for you SA!!! Is this standard practise with the re-mortgaging then? I haven't re-mortgaged since the recession so assuming it is xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
    • enthusiasticsaver
    • By enthusiasticsaver 10th Jun 17, 4:19 PM
    • 4,677 Posts
    • 8,853 Thanks
    enthusiasticsaver
    I know banks are more careful these days (rightfully so in my opinion) but asking for the same information three times seems a bit over the top. Building societies are still more cautious than banks so whether the house needs a new valuation depends on your lender. Some don't bother especially if low DTV.
    4 weeks to go until early retirement in December . Debt free and mortgage free.

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
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