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  • FIRST POST
    • misstara
    • By misstara 14th Jan 14, 9:53 PM
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    misstara
    misstara's debt diary 2014
    • #1
    • 14th Jan 14, 9:53 PM
    misstara's debt diary 2014 14th Jan 14 at 9:53 PM
    Have been in debt for about 10 years (and been lurking on here for ages) but had kidded myself into thinking I was doing quite well - always making the minimum payments plus a little extra, occasional purchases on credit cards but generally plodding along ok.

    Until last week I calculated that last year I managed to reduce my debt by £350 - yep that's £350 for the entire year which is roughly about the same amount that I pay towards my debts each month. Clearly I'm going to have to make some changes or be in debt forever!

    Current debt stands at around £10,500, split over 2 credit cards with about £2000 on each and a loan with about £6,500 left to pay - will have to dig out statements to check exact figures.

    I'm going to turn 30 later this year and the realisation that I have been in debt for the whole of my 20s is scary. I certainly don't want to be in this position in another 10 years!

    So to start off my debt free journey, I have made a £3.00 payment towards one of my credit cards today - not much but at least its a start!
Page 2
    • misstara
    • By misstara 23rd Jan 14, 11:09 PM
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    misstara
    Just a very quick post tonight as been on a double shift today and ready to go straight to bed. Spends today: 60p on a stamp and £2.10 on bus fare after work. Found 50p in my drawer at work so that was a wee bonus.
    • misstara
    • By misstara 24th Jan 14, 11:46 PM
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    misstara
    So got paid from monthly and weekly job today which was good. Have put aside money for rent and loan payment (unfortunately these two alone account for around 75% of my monthly wage as OH has just started working again after being off the majority of last year with health problems, he is currently working 2 mornings a week and will probably earn around 150 a month, however, as yet has not been paid). I have also put 50 pounds towards electricity bill which is due in a couple of weeks and paid around 80 pounds to credit cards (55 to cc1 and 25 to cc2)

    This leaves me 100 pounds until next Friday. Will need 15.86 for my mobile phone bill, 15 for contact lens appointment and probably 15 for bus fares. I also need to book bus/train tickets for going to Edinburgh next month - will research cheapest tomorrow. Also have 4 birthdays coming up in next 3 weeks so will need to look for some bargain presents.

    Spends today are 6.50 on TV licence, 35p on painkillers, 3.10 on milk and sugar and 70p on a chocolate bar (a moment of weakness on my way home from another double shift - still it could be worse!)
    • misstara
    • By misstara 25th Jan 14, 9:43 PM
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    misstara
    Had a bit of a down day today - think its just with working so much over the past couple of days, I feel really tired and don't have any motivation. Really wanted a takeaway tonight as we quite often do the weekend after monthly payday, however, after a chat with OH, decided to make our own. Had sweet and sour pork with egg fried rice so only 2.80 spent in sainsb*rys instead of 20+ on a takeaway. Also got my favourite washing powder for 3 pounds instead of 7 so pleased with that. 10 pounds spent in poundl*nd stocking up on toiletries, between this and goodies from christmas I hopefully won't need to buy toiletries for a while.

    Also booked my travel tickets for going to Edinburgh next month, came to 30.50 which was a bit more than I had anticipated. Am planning to put aside 40 pounds from my next 2 weekly wages for spending money for the weekend.

    Am going to have a wee look round some websites to see if I can get some inspiration for presents for upcoming birthdays.
    • misstara
    • By misstara 26th Jan 14, 1:35 PM
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    misstara
    Up earlyish this morning and went to the gym, now off to work. Was hoping to walk to work today but it is utterly miserable here so got the bus. Spends today so far are £4 on bus fare, 70p on a paper and 69p on a baguette.
    • FinanciallyUnsavvy
    • By FinanciallyUnsavvy 26th Jan 14, 10:26 PM
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    FinanciallyUnsavvy
    Hi Tara

    I hope you're feeling a bit better now, sorry to hear you've been feeling down. Working a lot will do that to you! I hope you get a break soon.

    Sounds like you're doing well though - well done on resisting a takeaway!

    The weather has been absolutely miserable here too. Roll on summer, eh?
    • misstara
    • By misstara 26th Jan 14, 11:08 PM
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    misstara
    Hi Tara

    I hope you're feeling a bit better now, sorry to hear you've been feeling down. Working a lot will do that to you! I hope you get a break soon.

    Sounds like you're doing well though - well done on resisting a takeaway!

    The weather has been absolutely miserable here too. Roll on summer, eh?
    Originally posted by FinanciallyUnsavvy
    Definitely feeling better, was just having a 'meh' day yesterday. Typically though by the time I finished work, it had completely stopped raining and I looked a right idiot getting on the bus with my wellies and massive rain jacket

    Had a little review of my bank balance once I got home from work and made a payment of 3.82 to cc1.

    With booking my tickets to Edinburgh yesterday, my phone bill due out tomorrow and the 15 pounds I need for my contact lens appointment, this leaves me around 25 pounds to do until Friday. There is plenty of food in the house so will do a meal plan for the rest of the week tomorrow. Hopefully the only money I will need for the next few days will be bus fares.
    • StressedSteph
    • By StressedSteph 27th Jan 14, 10:27 AM
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    StressedSteph
    Morning MissTara

    You sound like you are doing really well. Well done for resisting the takeaway, back in our pre-LBM life we used to have a £25-£30 takeaway every Friday night . Can't imagine spending that now, but it was so hard to get out of the habit of that lovely treat. Well done for finding a cheaper solution but still having something tasty .

    Sorry to hear you were feeling low, I guess all this extra work you are doing is going to make you feel tired and run down. Just keep your reason in your head as to why you are doing it.

    Actually what might help is a little piece of paper in your bag/purse listing the reasons why you are working so hard and want to be debt free. I have that and sometimes when I am out and tempted to buy something, I look at my reasons list and it reminds me why I can't buy that extra make-up etc.

    Just an idea. You are doing so well, Keep going xxx
    OOverdraft £594 / Very £587 / Bank of Scot - £1535 /
    Lloyds cc - £2679 / Barclay cc £2994 / MBNA £5596
    September 2017 = £13985
    • misstara
    • By misstara 27th Jan 14, 9:11 PM
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    misstara
    Actually what might help is a little piece of paper in your bag/purse listing the reasons why you are working so hard and want to be debt free. I have that and sometimes when I am out and tempted to buy something, I look at my reasons list and it reminds me why I can't buy that extra make-up etc.
    Originally posted by StressedSteph
    This sounds like a great idea to keep me motivated, will write out a wee list later to put in my purse.

    So went through the cupboards and freezer this morning and made a meal plan for rest of the week. Will need to sit down with OH nearer to the weekend to decide what we are going to eat next week and then probably get shopping Fri or Sat.

    Spends for today are 4.00 on bus fare, 0.29 on painkillers and 0.50 on a reduced loaf of nice bread to go with tea - I literally stalked the yellow sticker lady around the shop until she got to the bread section. There's still about half a loaf left so will slice it up and freeze to use for garlic bread later in the week.

    Away now to tackle my ironing pile before it grows bigger than me!
    Debt at LBM Jan 2014 £10458.09 Now £0
    New flat debt Jan 2017 £2302.75 Now £1239.95 (46.2% paid)
    Car debt Nov 2017 £797.68 Now £748.10 (6.2% paid) + monthly payments £146.82 0/60
    Mini Targets
    Exercise target - Run 0/6, Gym 1/6 Groceries target £70.25/£200. NSD target 6/15.
    • misstara
    • By misstara 28th Jan 14, 9:03 PM
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    • 17,342 Thanks
    misstara
    A NSD today so pleased with that as I really struggle to get NSDs. Was working this morning and then spent the afternoon with a friend and her wee boy which was lovely. She also fed me and gave me a lift home - bonus!

    Decided to cancel my contact lens appointment on Thurs as don't think I can afford to buy contact lens just now anyway. Also to get to the appointment, I would have to get a bus and then walk for about 15 mins. With the horrible weather we've been having recently, I'd get soaked. I still have about 3 weeks worth left and if they run out before I can get more, well I'll just have to go back to wearing glasses all the time for a while.

    The guy came round to read the meter so the electricity bill will come through in the next few days. Really dreading this as I admit the credit card usually was pulled out to pay for some/all of this. However, as least I have 70 pounds put by for it already and can put the 15 pounds saved from contact lens appointment.
    Debt at LBM Jan 2014 £10458.09 Now £0
    New flat debt Jan 2017 £2302.75 Now £1239.95 (46.2% paid)
    Car debt Nov 2017 £797.68 Now £748.10 (6.2% paid) + monthly payments £146.82 0/60
    Mini Targets
    Exercise target - Run 0/6, Gym 1/6 Groceries target £70.25/£200. NSD target 6/15.
    • StressedSteph
    • By StressedSteph 29th Jan 14, 10:24 AM
    • 2,807 Posts
    • 10,875 Thanks
    StressedSteph
    Hi MissTara,


    Just looking in to say hi.


    Sounds like you had a nice afternoon with your friend. Kind of her to give you a lift home.


    Fingers crossed the electricity bill isn't too high, well done for putting away some money for that. Great to get out of the cycle of having to pay for it with your credit card.


    Good move with the eye test. Sounds like a horrible journey to have to do in miserable January. I have been doing similar with my hair lately. I can't afford £60 every 8 weeks to have my hair highlighted. So I took the plunge in December and did a home dye putting it back to brown. Now it will only be £5 every 8 weeks which is much better while I am trying to kill off the debt.


    Maybe you can manage with just glasses for a while. Not sure how much contact lenses are, but if they are expensive, it might be worth avoiding them for the short-term.


    Hope you are having a good day xx
    OOverdraft £594 / Very £587 / Bank of Scot - £1535 /
    Lloyds cc - £2679 / Barclay cc £2994 / MBNA £5596
    September 2017 = £13985
    • FinanciallyUnsavvy
    • By FinanciallyUnsavvy 29th Jan 14, 12:56 PM
    • 572 Posts
    • 1,151 Thanks
    FinanciallyUnsavvy
    Well done on getting a NSD! It is a nice feeling at the end of the day when you know you haven't spent a single penny

    Also, good going on declining the contact lens appointment. It's a lot of money you can save if you can manage just with your glasses for a while. I know for a lot of people they are a necessity, but its an expense that adds up! I wear glasses constantly, luckily for me I'm that used to wearing them that I look weird without so wouldn't ever really consider contacts!

    Hope you have a good day, and that electricity bill isn't too high when it arrives! x
    • misstara
    • By misstara 30th Jan 14, 12:25 AM
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    • 17,342 Thanks
    misstara
    Still can't work out how to quote two people in one post so... thanks to you both for your comments. The contact lens work out at around 11.00 a month which isn't a huge expense but obviously the money could be put to better use. I usually wear contacts about 80% of the time so reverting back to glasses full-time will be a bit strange, however, I will see how I get on. Steph, fortunately I hate going to the hairdresser so save a fortune on this - I haven't had my hair cut for about 9 months!

    So today was practically a NSD, just 2.10 on bus fare home from work. However, tomorrow won't be as we have run out of toilet roll, margarine and milk. I'm also meeting a friend for coffee tomorrow, will be good and not have cake - good for my purse and waistline!

    It is also my first proper day off tomorrow in over a week so plan to have a fairly relaxed day. I keep saying tomorrow when technically its later on today so on that note I'm off to bed.
    Debt at LBM Jan 2014 £10458.09 Now £0
    New flat debt Jan 2017 £2302.75 Now £1239.95 (46.2% paid)
    Car debt Nov 2017 £797.68 Now £748.10 (6.2% paid) + monthly payments £146.82 0/60
    Mini Targets
    Exercise target - Run 0/6, Gym 1/6 Groceries target £70.25/£200. NSD target 6/15.
    • misstara
    • By misstara 30th Jan 14, 4:50 PM
    • 2,484 Posts
    • 17,342 Thanks
    misstara
    Thanks to Martins weekly email, I got some mini handcreams free from L'Occitane today. Think I will keep one for myself and put the other two towards presents for upcoming birthdays. I have bought a birthday present today which was 15.00 but remembered I had some money in PayPal which covered it.

    Have also spent 5.69 on milk, teabags, toilet rolls and breakfast biscuits. Started carrying a pack of breakfast biscuits in my handbag just in case I get hungry, it saves me from buying something when I'm out.

    Not going for coffee anymore as my friend is not feeling well so a little money saved there although will reschedule for some point next week.

    Updated my signature to show how much I've paid so far. Noticed a lot of peoples signatures have %paid and have pinched the idea as think this is a great idea to keep me motivated. Have also made a wee payment of 2.04 to cc1.

    Got a payslip for 2nd job so going to sit down and write a budget for next week, also make a menu plan.
    Debt at LBM Jan 2014 £10458.09 Now £0
    New flat debt Jan 2017 £2302.75 Now £1239.95 (46.2% paid)
    Car debt Nov 2017 £797.68 Now £748.10 (6.2% paid) + monthly payments £146.82 0/60
    Mini Targets
    Exercise target - Run 0/6, Gym 1/6 Groceries target £70.25/£200. NSD target 6/15.
    • misstara
    • By misstara 30th Jan 14, 10:43 PM
    • 2,484 Posts
    • 17,342 Thanks
    misstara
    Sat down with OH and made a meal plan for next week. I have also written a list of what we need. Some of it I'll be able to get at the local market tomorrow n the rest I'll get at the supermarket on Saturday after work.

    Spent a pound on the fancy weight machine in the gym this evening which gives you your BMI n body fat %. I am planning to do this again at the end of each month to see my progress (if any!). So in case I lose the slip of paper, will record it here to look back. Weight 11 stone 3 pounds, BMI 26.0, body fat 32.7%. Am hoping by doing this every month it will keep me motivated to lose a bit of weight and get fitter.
    Debt at LBM Jan 2014 £10458.09 Now £0
    New flat debt Jan 2017 £2302.75 Now £1239.95 (46.2% paid)
    Car debt Nov 2017 £797.68 Now £748.10 (6.2% paid) + monthly payments £146.82 0/60
    Mini Targets
    Exercise target - Run 0/6, Gym 1/6 Groceries target £70.25/£200. NSD target 6/15.
  • Kei
    Good luck with the gym!!! The body fat % is a good one to measure, it's good to see that go down when you put the hard work in
    Family £400 CC1 £415 Lloyds £460 Natwest£750 £627.59 Tesco £1880 £1725 Grand total £2,352.59

    Pay off all debt by xmas 2014 #136 £1552.41/£3905

    Additional money made 2014 £88.50
    • pantherchick
    • By pantherchick 31st Jan 14, 12:43 AM
    • 442 Posts
    • 439 Thanks
    pantherchick
    Hi Mistara,

    Me too, my payday is on Monday, first one of the year!

    Well done so far and good luck x
    Originally posted by Kei
    hi there,
    you are doing really well. well done. im going to drop by and see what advice you can give me... ive lost my focus and need guidance. xx
    .
    • misstara
    • By misstara 31st Jan 14, 10:21 AM
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    • 17,342 Thanks
    misstara
    Good luck with the gym!!! The body fat % is a good one to measure, it's good to see that go down when you put the hard work in
    Originally posted by Kei
    Thanks Kei, I really enjoy going to the gym. I find it totally de-stresses me, I just sometimes struggle to find the time to go. The gym I go to is under £20 a month which is cheap compared to some plus I often go with a friend so am being social without spending much money.
    Debt at LBM Jan 2014 £10458.09 Now £0
    New flat debt Jan 2017 £2302.75 Now £1239.95 (46.2% paid)
    Car debt Nov 2017 £797.68 Now £748.10 (6.2% paid) + monthly payments £146.82 0/60
    Mini Targets
    Exercise target - Run 0/6, Gym 1/6 Groceries target £70.25/£200. NSD target 6/15.
    • misstara
    • By misstara 31st Jan 14, 10:41 AM
    • 2,484 Posts
    • 17,342 Thanks
    misstara
    hi there,
    you are doing really well. well done. im going to drop by and see what advice you can give me... ive lost my focus and need guidance. xx
    Originally posted by pantherchick
    Hi pantherchick. Thanks, I don't really feel as though I've been on my debt free journey long enough to give anyone advice! However, the thing I have found to be most useful is making sure I post on here everyday n what I've spent that day. I used to be really bad for popping into the shop almost every day after work n buying some chocolate or juice. Small purchases but it all adds up. I definitely don't do this as much because I know I will have to confess it on here. Also cutting up my credit cards was scary but it has definitely made me think more about where my money is going n to put money by for things as I can no longer use the credit card to make up the shortfall. Good luck - I hope you get your focus back
    Debt at LBM Jan 2014 £10458.09 Now £0
    New flat debt Jan 2017 £2302.75 Now £1239.95 (46.2% paid)
    Car debt Nov 2017 £797.68 Now £748.10 (6.2% paid) + monthly payments £146.82 0/60
    Mini Targets
    Exercise target - Run 0/6, Gym 1/6 Groceries target £70.25/£200. NSD target 6/15.
    • misstara
    • By misstara 31st Jan 14, 10:42 PM
    • 2,484 Posts
    • 17,342 Thanks
    misstara
    I got paid today from weekly job - £124.50. I put £30 by for the electricity bill n £20 towards next weekend in Edinburgh. I will need £35 to cover direct debits due out next week and I also made a payment of £4.50 to cc1. This leaves £35 to do me until next Friday - should be doable.

    Spends today are £3 on eggs n veg from the local market, £4.50 on a birthday present n £2.60 on postage. So that's one birthday out the way, 3 more to go in the next few weeks.
    Debt at LBM Jan 2014 £10458.09 Now £0
    New flat debt Jan 2017 £2302.75 Now £1239.95 (46.2% paid)
    Car debt Nov 2017 £797.68 Now £748.10 (6.2% paid) + monthly payments £146.82 0/60
    Mini Targets
    Exercise target - Run 0/6, Gym 1/6 Groceries target £70.25/£200. NSD target 6/15.
    • StressedSteph
    • By StressedSteph 31st Jan 14, 11:02 PM
    • 2,807 Posts
    • 10,875 Thanks
    StressedSteph
    Hi MissTara

    You are doing fantastically. It's nice to record everything down in your diary as its an amazing journey and we need to keep ourselves motivated.

    Thought I would post to help you out on multiple quoting on here.

    If you look at the icons on the bottom right of everyones posts, you will see the THANKS button, then the QUOTE button and then there are two speech bubbles. If you click on the speech bubbles of every post you want to quote then click reply, it will include them all in your post.

    Hope that isn't as clear as mud.
    xxxx
    OOverdraft £594 / Very £587 / Bank of Scot - £1535 /
    Lloyds cc - £2679 / Barclay cc £2994 / MBNA £5596
    September 2017 = £13985
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