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  • FIRST POST
    • misstara
    • By misstara 14th Jan 14, 9:53 PM
    • 2,484Posts
    • 17,344Thanks
    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 3
    • misstara
    • By misstara 1st Feb 14, 7:53 PM
    • 2,484 Posts
    • 17,344 Thanks
    misstara
    Thanks Steph yep that makes perfect sense.

    Me and OH went for a walk today and then went to A*di on the way home. Spent £22.68 and got heaps of food. Now have around £7 to do until next Fri so may have to transfer some money back over from other account. Hopefully not though, will see how I go.
    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 2nd Feb 14, 10:51 PM
    • 2,484 Posts
    • 17,344 Thanks
    misstara
    A very quick post tonight as just home from work n ready to go straight to bed. Spends are £2.10 on bus fare and 95p on some breakfast biscuits.
    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 3rd Feb 14, 4:57 PM
    • 2,484 Posts
    • 17,344 Thanks
    misstara
    Rent came out today and a £25 direct debit for the credit union. This is savings for christmas and I can't access the money until November. Spends today are £3.10 on milk and sugar.

    Home from work, have about an hour to relax before going out again to 2nd job. Really can't be bothered but will be an extra £25 on Friday - just have to keep reminding myself of this.
    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 3rd Feb 14, 10:52 PM
    • 2,484 Posts
    • 17,344 Thanks
    misstara
    Survived work, was actually a really good shift. On my way to work, my bank phoned to tell me the wonderful news that they could save me money! Hmm we'll see, however, have agreed to go in for a meeting tomorrow.
    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 4th Feb 14, 9:40 PM
    • 2,484 Posts
    • 17,344 Thanks
    misstara
    Well, as expected, the meeting at the bank was a waste of time. They could lower the interest rate on the loan by 0.5% (woohoo!) but it would cost more to pay off the existing loan than I would save so a bit pointless really. They did offer me a credit card - no thanks.

    Today was a NSD. I did treat myself to a Bo*ts meal deal for my lunch but paid with points. Ended up sharing the sandwich with OH but I did get the cake to myself.

    I will have to transfer money between my accounts tomorrow as I have less than 1.00 in my purse and will need bus fare home from work tomorrow night. Will also get a cheap bar of chocolate tomorrow as we have cream left over from tonights tea (mushroom stroganoff) and OH said he would make chocolate mousse - yum.

    Was supposed to be working for 2nd job tomorrow morning before going up to other job but my shift has been cancelled. Although its not so good on the money front, I'm kinda glad as I feel exhausted and could really do with a long lie.

    Still waiting for the electricity bill to come through but trying not to stress about it too much. Off now to do the dishes and then an early night for 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.
    • StressedSteph
    • By StressedSteph 5th Feb 14, 11:01 AM
    • 2,807 Posts
    • 10,875 Thanks
    StressedSteph
    Morning MissTara,


    Probably good to get a forced morning off today. You sound like you are working really hard, and while that is brilliant, you also don't want to burn out and lose your enthusiasm to kick the debt.


    The chocolate mousse idea sound fab. Lovely hubby. x


    Don't beat yourself up for having to transfer more money into your account, you can't help the cost of bus fares etc.


    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 5th Feb 14, 1:30 PM
    • 2,484 Posts
    • 17,344 Thanks
    misstara
    Probably good to get a forced morning off today. You sound like you are working really hard, and while that is brilliant, you also don't want to burn out and lose your enthusiasm to kick the debt.
    Originally posted by StressedSteph
    Morning Steph, yeah am actually really glad I got the morning off. It's amazing how much better everything looks after a good nights sleep. And this morning, because I don't feel knackered, I feel as though I've had a productive morning.

    Today I have been to the gym, done all my ironing and cleaned the kitchen. I have also done my hair (actually straightened and looking nice instead of being chucked back in a ponytail or bun) and I might even pop on a bit of makeup before going to work!

    I have transferred 10.00 into my current account to take out for bus fare tonight. I will use the change for coffee tomorrow with my friend (rescheduled from last week) and also to get a small birthday gift for the friend that I will see at the weekend.

    I got a letter today saying that my bonus rate for my ISA is about to run out. I phoned them up and there is 777.81 in there which is more than I thought. I have withdrawn it and it should be in my bank account by Monday. I think I put 500.00 into another ISA and this can be a little emergency fund if I ever need it and the rest I will use towards the electricity bill and make a payment to cc1.
    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 5th Feb 14, 11:50 PM
    • 2,484 Posts
    • 17,344 Thanks
    misstara
    Only spend for today was 2.10 on bus fare. Forgot to get the chocolate to make the chocolate mousse so will get that tomorrow after work.
    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 6th Feb 14, 11:06 PM
    • 2,484 Posts
    • 17,344 Thanks
    misstara
    Spends for today are 1.75 on a coffee out with my friend, 2.75 on chocolate, bread and crisps, 6.50 on TV licence and 9.99 on Lovefilm. I have been thinking about whether to cancel Lovefilm or not, however, I think I'm going to keep it as it saves us a fortune in going to the cinema or buying DVDs.

    I also made a wee 1.50 payment to cc1 which means it is now slightly under 1900. I redid the snowball calculator today (first did this ages ago but had been very lax about filling it in) and it has my DFD as being February 2017 which is roughly what I thought but still a bit depressing to see. Aim is obviously to bring this forward a bit.

    The dreaded electricity bill came through today so its 171.81 which is slightly better than I thought but still horrible. Will add some of my savings to what I have already put by for it and must start planning ahead for this. The next one will be due at the start of May and if I put away say 10.00 a week it wouldn't feel like much but at least I would have something to put towards it and not stress every time it is due.

    I got my payslip from 2nd job earlier so will sit down with a cup of tea and make a budget for next week before 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.
    • FinanciallyUnsavvy
    • By FinanciallyUnsavvy 7th Feb 14, 10:39 AM
    • 572 Posts
    • 1,151 Thanks
    FinanciallyUnsavvy
    Hey Tara

    You're doing really well - don't feel disheartened! 2017 may sound far away but really, three years is nothing - and if you keep plowing on as you're doing, that date willl keep getting brought forward. All those micropayments will soon add up

    I've had an on-off relationship with Lovefilm for a few years! If you use it a lot, it's certainly worth 9.99 a month. I was paying £11.50 for unlimited movies and games, 2 discs at a time. Which really is a bargain, but after a couple months the novelty wore off and I didn't get round to watching stuff, so ended up sitting on discs for weeks. I switched to the online only, and have been paying £5 a month for that for probably about a year, and have rarely used it, so only just cancelled it. I have a lot of blurays we haven't watched yet (from pre-MSE times... ) and OH buys quite a lot so we always have things to watch anyway.

    It's definitely a good idea to put some away each week for the electricity bill so you don't have such a big lump to pay for in one go. You roughly know how much it costs you, so split it down monthly, and put away that amount each month so when the bill comes you don't even feel it

    Hope you have a good day - and a lovely weekend! x
    • misstara
    • By misstara 7th Feb 14, 8:42 PM
    • 2,484 Posts
    • 17,344 Thanks
    misstara
    Hey Tara

    You're doing really well - don't feel disheartened! 2017 may sound far away but really, three years is nothing - and if you keep plowing on as you're doing, that date willl keep getting brought forward. All those micropayments will soon add up

    I've had an on-off relationship with Lovefilm for a few years! If you use it a lot, it's certainly worth 9.99 a month. I was paying £11.50 for unlimited movies and games, 2 discs at a time. Which really is a bargain, but after a couple months the novelty wore off and I didn't get round to watching stuff, so ended up sitting on discs for weeks. I switched to the online only, and have been paying £5 a month for that for probably about a year, and have rarely used it, so only just cancelled it. I have a lot of blurays we haven't watched yet (from pre-MSE times... ) and OH buys quite a lot so we always have things to watch anyway.

    It's definitely a good idea to put some away each week for the electricity bill so you don't have such a big lump to pay for in one go. You roughly know how much it costs you, so split it down monthly, and put away that amount each month so when the bill comes you don't even feel it

    Hope you have a good day - and a lovely weekend! x
    Originally posted by FinanciallyUnsavvy
    Thanks, 2017 does seem ages away but I'm hopeful I can bring it forward. You're right, the little payments do all make a difference and I don't even really notice them as its just the odd amounts in my account once DDs come out or when I've been paid.

    We've had Lovefilm for about 4 years and do make good use of it. Before getting it we would probably buy a few DVDs every week so it really has saved an absolute fortune.

    There is roughly 13 weeks until the next electricity bill so will put by 10.00-15.00 a week which will give me enough to cover it.

    Am so excited about this weekend. Will be so lovely to be in Edinburgh and to see friends and family. I have set myself a budget of 50.00 - just have to make sure I don't have one too many drinks and forget all about it! Hope you have a lovely weekend too.
    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 7th Feb 14, 10:14 PM
    • 2,484 Posts
    • 17,344 Thanks
    misstara
    Weekly payday today - 134.74

    14.74 paid to cc1
    30.00 towards Edinburgh budget
    30.00 budgeted for food for the week
    40.00 budgeted for a birthday present for OH
    Leaving me 20.00 for anything else that comes up, looking at my shifts for next week I shouldn't need bus fare and I have no social stuff planned so hopefully I won't need it.

    So spends for today are 7.00 on a birthday present for my friend who I'm seeing tomorrow and 38.98 on a birthday present for OH.

    OH was talking to his boss today about the possibility of getting some more hours as at the moment he is only working 2 mornings a week so should hear back about this some time next week - fingers crossed.
    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 9th Feb 14, 5:25 PM
    • 2,484 Posts
    • 17,344 Thanks
    misstara
    Heading home after a fab weekend in edinburgh and thought I better do a wee tally of my spends.

    Yesterday I spent £5 on lunch, £13.50 on drinks (this could have been a lot worse considering I was in the pub for 5 hours watching rugby) and £15 on tea.

    Today I spent £11 on lunch, £3.95 on coffee and cake, £2 on a magazine for the bus and £10.95 on a wee bottle of edinburgh gin.

    So total spends for the weekend are £61.40, hmm a bit over budget, probably shouldn't have bought the gin but i do love it.
    Last edited by misstara; 09-02-2014 at 10:36 PM.
    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 9th Feb 14, 10:29 PM
    • 2,484 Posts
    • 17,344 Thanks
    misstara
    Additional spends for today - 1.81 on some milk and bread. Need to sit down with OH at some point and get a meal plan done for this week.

    Really annoyed, I have had to chuck out another pair of jeans as they have worn thin so I have decided that I am going to use some of the money from the ISA to buy clothes.

    I have also decided that I will use money from the ISA to pay the electricity bill and the money I have already put by for the electricity bill I will keep and put towards wedding expenses. I have a hen weekend at the start of April and will probably need around 200.00 for it. I had a huge argument with OH a couple of weeks ago over this as he feels I shouldn't be spending this much on a weekend while I am trying to pay off debts. I completely get where he is coming from and I wish I had just said at the start that I couldn't afford it but its now all been booked (the hen's mum has paid for it all and we just have to give her the money on the weekend) and it will be a lot of fun and lovely to see everyone especially some of the girls who I haven't seen for ages. It is a big amount though especially for a weekend.
    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 10th Feb 14, 10:32 AM
    • 2,484 Posts
    • 17,344 Thanks
    misstara
    Up early this morning to go and hand timesheets in for 2nd job so I get paid on Friday. It won't be a huge amount, probably around £55, as I only did two short shifts last week.

    I also popped in past the housing association to get my registration number as I had lost it and couldn't bid on houses. We're hoping to get a house/flat through them at some point which would make a big difference to our finances. Renting privately is so expensive.

    I have paid the electricity bill so that is one less thing to stress about. As mentioned in a previous post I am going to start putting by £10-15 a week starting from Friday so at the start of May I will all sorted to pay it with no stressing involved.

    I have temporarily moved £500 into my savings account but would like to move it into an account with a different bank so I can't see it every time I log in to my online banking. Think I may need to wait until April to open a new ISA but will look into this.

    Have allocated myself £50 to buy new clothes, put aside £20 to buy some nice food to cook OH a birthday meal at the weekend and paid £32.28 to cc1.
    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 10th Feb 14, 11:09 PM
    • 2,484 Posts
    • 17,344 Thanks
    misstara
    A NSD today other than the electricity bill and the cc payment. Have decided to set myself a wee target of getting under £10,000 by the end of Feb. Should be doable as I only need to find £193.
    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
    I have a hen weekend at the start of April and will probably need around 200.00 for it. I had a huge argument with OH a couple of weeks ago over this as he feels I shouldn't be spending this much on a weekend while I am trying to pay off debts. I completely get where he is coming from and I wish I had just said at the start that I couldn't afford it but its now all been booked (the hen's mum has paid for it all and we just have to give her the money on the weekend) and it will be a lot of fun and lovely to see everyone especially some of the girls who I haven't seen for ages. It is a big amount though especially for a weekend.
    Originally posted by misstara
    Hi misstara, just had a catch up on your diary, I totally agree that you should go and enjoy the hen do. Whilst you have debts to pay, you shouldn't stop life entirely. Some things you will miss out on big time, like the hen do, it's a special time and if she is a good friend you shouldn't miss out. Clothes, yes they can wait until the debt pays. You don't need a brand new dress and accessories if you can wear something you already own. But you can't put your whole life on hold.

    If you feel guilty about it, then what I would do is try and make up the money you spend ebaying some stuff or cutting back on something else.
    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
    • misstara
    • By misstara 11th Feb 14, 10:12 PM
    • 2,484 Posts
    • 17,344 Thanks
    misstara
    Hi misstara, just had a catch up on your diary, I totally agree that you should go and enjoy the hen do. Whilst you have debts to pay, you shouldn't stop life entirely. Some things you will miss out on big time, like the hen do, it's a special time and if she is a good friend you shouldn't miss out. Clothes, yes they can wait until the debt pays. You don't need a brand new dress and accessories if you can wear something you already own. But you can't put your whole life on hold.

    If you feel guilty about it, then what I would do is try and make up the money you spend ebaying some stuff or cutting back on something else.
    Originally posted by Kei
    Thanks for your reply Kei. Unfortunately I don't have anything at all worth ebaying but have definitely cut down on my usual social spending so will continue to do this and save the money towards this weekend.

    Spends for today are 1.40 on a pasta pot for lunch (I wasn't very organised this morning) and then 26.32 in A*di after work. This includes toilet roll, kitchen roll and cleaning products.

    I have training tomorrow and then 3 days off from both jobs so looking forward to that.
    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 12th Feb 14, 8:20 AM
    • 2,484 Posts
    • 17,344 Thanks
    misstara
    Loan payment came out today, will wait another week before updating signature to wait for the interest to be added on. I made a wee payment of £1.04 to cc1 this morning too.

    I'm going to have a think and write up any wee jobs that need done around the flat because there is so much that needs doing that never quite gets done. Since I've got 3 days off coming up, I should be able to get a few done.
    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 12th Feb 14, 8:05 PM
    • 2,484 Posts
    • 17,344 Thanks
    misstara
    I was naughty today and went for a pub lunch with my colleagues during lunch break at training. However, I went for one of the cheapest things on the menu - 4.29 for a burger and drink. Bit annoyed though as this was my only spend for today. If I had taken something from home, I would have had a NSD. I made another small payment of 1.70 to cc1 this evening too.

    Tomorrow I'm going to go shopping for some clothes, have given myself a budget of 50.00. With this I want to get some jeans, some leggings and some tops. I am planning to go a wander round some of the local charity shops first and see if I can get any bargains.

    My 'wee jobs around the flat' list to do in the next 3 days
    - give the bathroom a proper deep clean
    - sort out all my paperwork (currently sitting in a bit of a pile on my desk)
    - sort out my makeup
    - sew the buttons onto my winter jacket and cardigans
    Think that will do for now. I also want to go to the gym each morning on my 3 days off as I've been a bit lax this week. Was planning to go today but the weather was so bad I didn't want to leave the house again.
    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.
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