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  • FIRST POST
    • GoingToDoIt
    • By GoingToDoIt 13th Oct 15, 5:43 PM
    • 381Posts
    • 2,385Thanks
    GoingToDoIt
    Do One, Debt!
    • #1
    • 13th Oct 15, 5:43 PM
    Do One, Debt! 13th Oct 15 at 5:43 PM
    Hello,
    I've been lurking for a while knowing that I need to do something about my growing debts, now I have finally taken the plunge and started a diary :
    I used to be the ultimate moneysaver! I can't believe how bad I have been in the last few years- missed payments on cc's for no good reason!?! My mental health suffered after being bullied at work a few years ago. I started smoking again, gained weight and lost control of my finances. I quit my job with no job to go to and that accounts for 50% of my debts ( 6 weeks unemployed) the rest is new carpets and a new mobile phone. Apart from that it's from...smoking!
    I have now been a non-smoker for over 4 weeks so that is around £250 I've not spent.
    I also need to get fitter, eat better and lose around 30kg. I know some people think "one thing at a time" however I feel they are all connected and as one improves the others naturally follow.
    Will post some more info on my financials in due course...
    Thanks for reading...Gonna
    Last edited by GoingToDoIt; 13-10-2015 at 5:44 PM. Reason: Spelled name
    Apr 16... Hfax £2551/821 Vrgin £3420/3047 MBNA 2 £2100/0 MBNA1 98/0
    Total cc 0% debt £8364/3868 updated 21 Apr 17 (halfway to debt free )
Page 15
    • GoingToDoIt
    • By GoingToDoIt 17th Mar 17, 11:04 PM
    • 381 Posts
    • 2,385 Thanks
    GoingToDoIt
    What a time to be alive...last minute invite to a party tomorrow- already have a bottle of fizz to take from nectar double up.Tickets to the play at the end of the month already sorted and paid. All savings pots looking healthy, xmas is already paid for. No debt other than that which is on my signature below. Enough food for lunch to work for the rest of the month...quite fancy a new scarf and pair of flat shoes- can buy with the money put aside
    Apr 16... Hfax £2551/821 Vrgin £3420/3047 MBNA 2 £2100/0 MBNA1 98/0
    Total cc 0% debt £8364/3868 updated 21 Apr 17 (halfway to debt free )
    • GoingToDoIt
    • By GoingToDoIt 19th Mar 17, 7:34 PM
    • 381 Posts
    • 2,385 Thanks
    GoingToDoIt
    How do I even function
    No wonder I'm in debt....
    I used to pay 70 per month to an account for xmas and birthdays, somehow I've got confused and paid 70 for xmas and 70 for birthdays I've accidentally over saved
    I thought that account was looking very healthy. I'm sending £150 of that to the cc debt
    Apr 16... Hfax £2551/821 Vrgin £3420/3047 MBNA 2 £2100/0 MBNA1 98/0
    Total cc 0% debt £8364/3868 updated 21 Apr 17 (halfway to debt free )
    • GoingToDoIt
    • By GoingToDoIt 1st Apr 17, 3:02 PM
    • 381 Posts
    • 2,385 Thanks
    GoingToDoIt
    Well, a busy few weeks including birthday lots of fun and lots of spending.
    I currently have £25 in the bank plus the same in cash, and £25 squirrelled for travel, which I knew would be a bit more expensive this month due to lots of activities.
    I still have plenty of food in so I just need some cheap top up shops.
    I had a compulsion to do clothes shopping again but have squashed it down, instead have sorted through my "don't fit/different season" stuff and found some useful bits that can be brought into use.
    I will need to find a few new items, after next payday, but now I know what I am looking for rather than aimlessly looking about.
    I cashed out £5 on swaggy but had a £5 bill from bay of e so that was a bit meh! I changed my foreign currencies and got £2.70 so that was nice, just spent it on shopping though.
    I have put side hustles to the side whilst socialising but will get back on them next week. Inb@x£ is almost at £10 which is exciting.
    Feeling a bit tired out so spending the weekend planning - I need new packed lunch ideas, and I'll set out my new monthly outgoings from April soon. It's bothered me being in this transitional phase changing amounts and suppliers, plus I keep failing to find a food type budget structure that works for me!
    Apr 16... Hfax £2551/821 Vrgin £3420/3047 MBNA 2 £2100/0 MBNA1 98/0
    Total cc 0% debt £8364/3868 updated 21 Apr 17 (halfway to debt free )
    • GoingToDoIt
    • By GoingToDoIt 1st Apr 17, 8:33 PM
    • 381 Posts
    • 2,385 Thanks
    GoingToDoIt
    Outgoings from April
    Mortgage 287
    Rent 487.35
    C tax 69.00
    Water 25.05
    Elec 33.00
    Internet 20.00
    Mobile 7.50
    V!rgin cc 35.00
    964.77 Bills

    Hair 70
    Bday 35
    Xmas 35
    C lens 13
    Clothes 20
    Rdf 20
    Insurance 10
    Holidays 100
    Travel 100
    Pots 403

    Total commitments per month 1367.77

    New salary 1990

    Available cash £623

    Hulifax cc payment 210
    Last edited by GoingToDoIt; 11-04-2017 at 10:43 PM.
    Apr 16... Hfax £2551/821 Vrgin £3420/3047 MBNA 2 £2100/0 MBNA1 98/0
    Total cc 0% debt £8364/3868 updated 21 Apr 17 (halfway to debt free )
    • Orange Ena
    • By Orange Ena 1st Apr 17, 10:45 PM
    • 1,157 Posts
    • 2,848 Thanks
    Orange Ena
    No wonder I'm in debt....
    I used to pay 70 per month to an account for xmas and birthdays, somehow I've got confused and paid 70 for xmas and 70 for birthdays I've accidentally over saved
    I thought that account was looking very healthy. I'm sending £150 of that to the cc debt
    Originally posted by GoingToDoIt
    Shame you noticed...........you could have become debt neutral without realising

    Happy birthday, very belatedly Here's lots of cake as compo

    Have you tried pinterest for lunch ideas? Or if you're on facebook, there's a group called "feed yourself for a £1 a day". They have a some great ideas of different food
    Debt April 2015 - £6895.44 Debt April 2017 - £2500
    CHEFS challenge (Cruise Holiday Entirely Funded by Surveys) - £30.60
    Every penny is a prisoner
    • GoingToDoIt
    • By GoingToDoIt 2nd Apr 17, 11:41 AM
    • 381 Posts
    • 2,385 Thanks
    GoingToDoIt
    Thanks Ena!!! I like cake, as you may know
    Unfortunately I'm a very fussy eater, so I should be clearer on what I mean for lunch ideas.
    First of all I'm veggie, secondly I have chronic fatigue. So lunches I've been taking are tin of soup and bread, pasta or frozen burrito. I know there are a million things I "could" make recipie-wise, but what I really need is something that meets my exacting criteria! I have a difficult commute too. So it needs to also survive a lot of bashing about in the bag and be fairly leak proof. And be storable to stockpile in case I don't get to the shops. Oh yeah and contain some kind of vitamin or nutrition!!!
    Rice freezes well, so I want to try a kind of veg pilaf rice and lentil thing? The good thing is we have a reasonable kitchen at work with lots of microwaves so I can re-heat easily. And I invested in some good tupperwares.
    I'd love to do nice salads and things but the reality just now is that I'll buy the stuff and be too tired to prep it.
    Apr 16... Hfax £2551/821 Vrgin £3420/3047 MBNA 2 £2100/0 MBNA1 98/0
    Total cc 0% debt £8364/3868 updated 21 Apr 17 (halfway to debt free )
    • GoingToDoIt
    • By GoingToDoIt 5th Apr 17, 11:12 AM
    • 381 Posts
    • 2,385 Thanks
    GoingToDoIt
    Hmmmm 5th April and 10 days til payday - looks like I'm going to overspend this month. I have £15 in my purse plus food out tomorrow will be £4 and I need to get two prescription items which is £17. I'm going to put that on the cc, no point crying over spilt milk it was forgotten when budgeting. I should plan that in for future reference. I'll see how long the £11 purse cash lasts.
    Apr 16... Hfax £2551/821 Vrgin £3420/3047 MBNA 2 £2100/0 MBNA1 98/0
    Total cc 0% debt £8364/3868 updated 21 Apr 17 (halfway to debt free )
    • Orange Ena
    • By Orange Ena 5th Apr 17, 10:48 PM
    • 1,157 Posts
    • 2,848 Thanks
    Orange Ena
    Thanks Ena!!! I like cake, as you may know
    Unfortunately I'm a very fussy eater, so I should be clearer on what I mean for lunch ideas.
    First of all I'm veggie, secondly I have chronic fatigue. So lunches I've been taking are tin of soup and bread, pasta or frozen burrito. I know there are a million things I "could" make recipie-wise, but what I really need is something that meets my exacting criteria! I have a difficult commute too. So it needs to also survive a lot of bashing about in the bag and be fairly leak proof. And be storable to stockpile in case I don't get to the shops. Oh yeah and contain some kind of vitamin or nutrition!!!
    Rice freezes well, so I want to try a kind of veg pilaf rice and lentil thing? The good thing is we have a reasonable kitchen at work with lots of microwaves so I can re-heat easily. And I invested in some good tupperwares.
    I'd love to do nice salads and things but the reality just now is that I'll buy the stuff and be too tired to prep it.
    Originally posted by GoingToDoIt
    Ah I see. Yeah that's quite a challenge. I tend to have the same lunch everyday but I don't get bored. But you sound along the right lines with soup and pasta. I guess batch cook and freeze when you're up to it then just get it out on the way to work, or make a salad on the day.
    Debt April 2015 - £6895.44 Debt April 2017 - £2500
    CHEFS challenge (Cruise Holiday Entirely Funded by Surveys) - £30.60
    Every penny is a prisoner
    • GoingToDoIt
    • By GoingToDoIt 8th Apr 17, 12:34 PM
    • 381 Posts
    • 2,385 Thanks
    GoingToDoIt
    Still have not got round to lunch ideas....will try cooking and freezing some rice and veg later I think
    Getting back on to doing swaggy and inbox£ after having a bit of a break. I also joined you gov, however I can see that will be a slow burn. I have no doubt that "future me" will be glad of the £50 though, even if it comes two years from now!
    I've left tcb to keep ticking, there's now £27 ready to pay out however another £38 should pay soon too so I will let it build up some more. Usually side earnings go to the rdf, but I'm tempted to use this to pay the hulifax cc off. Decisions, decisions!
    I've got a bit of bay of e stuff to list, but I don't really have the time for posting etc until May so will leave it until then.
    It's all been about spending lately and not so much earning, but we all have to have a life, it's all a balance and I'm happy enough with my progress.
    I just ordered a t@sco delivery, I was a bit disappointed with myself as I always get it before the end of the month when I've spent everything and "roll over" the overspend. However I'm closer to the end of the month than usual, so that's some progress I am already down to my last £5 in the bank plus I have definitely overspent on the cc but altogether not done too bad. Need to stock up on shopping now, due to plans over the next few weekends and it's better to overspend on stocking up on bargains, than to be without basics after payday and then panic buy at higher prices, isn't it? I think so!
    Last edited by GoingToDoIt; 09-04-2017 at 9:51 AM.
    Apr 16... Hfax £2551/821 Vrgin £3420/3047 MBNA 2 £2100/0 MBNA1 98/0
    Total cc 0% debt £8364/3868 updated 21 Apr 17 (halfway to debt free )
    • GoingToDoIt
    • By GoingToDoIt 16th Apr 17, 8:55 PM
    • 381 Posts
    • 2,385 Thanks
    GoingToDoIt
    I feel like I've been spending like there's no tomorrow - more socialising and shopping for clothes again...I should be entering a quiet few weeks now so hopefully it will even out.
    I was looking forward to a straightforward month bills wise but I think that May will be the first "normal" month. The Easter bank holiday meant I got paid early, but none of my money has moved yet and I am desperate to pay off more of the hulifax cc and see the balance go down
    Packed lunch wise, I've made a load of shredded carrot and hummus butties wrapped in foil and stored in the freezer. Did a few experiements and these came out fine, best taken out to defrost in the morning- not the night before!
    I am hopefully going to be bringing some cash in soon. Did a survey on swaggy worth 1500, so nearly £10 plus back up to 300 after recent cash out. TCB now at £30 but awaiting another £35 before cashing out. Inbox£ creeping towards £11 slowly. Did a p!necone survey for £3 but it has locked me out again so not sure how much is there, maybe £7. A huge pile of goods to go to the bay in the next few weeks. Still applying for some f2f focus groups but I'm not getting any acceptance yet.
    Apr 16... Hfax £2551/821 Vrgin £3420/3047 MBNA 2 £2100/0 MBNA1 98/0
    Total cc 0% debt £8364/3868 updated 21 Apr 17 (halfway to debt free )
    • GoingToDoIt
    • By GoingToDoIt 17th Apr 17, 10:32 AM
    • 381 Posts
    • 2,385 Thanks
    GoingToDoIt
    I've spent £120 on travel this month- to be expected as have had a lot on, but still a saving of £28 against the cost of a monthly pass
    I'm trying to think positively rather than beat myself up over an overspend, so to try and look at things a different way, I totalled up a "projected" annual spend for the next 12 months and worked out what % of spend that is. Exciting! So in summary, 60% of my wages are taken up with standard bills and savings.

    Annual cash in - 23880
    3363 Mortgage 0.14%
    5848 rent 0.24%
    800 c tax 0.03%
    300 water 0.01%
    243 wifi 0.01%
    396 elec 0.01%
    145 tv licence 0.005%
    90 mobile 0.002%
    156 contact lens 0.005%
    120 insurance 0.004%
    420 Xmas 0.017%
    420 Bday 0.017 %
    1200 travel 0.05 %
    840 hair 0.03%
    14,341 60%

    I think that I need to look at whether there are any costs I can reduce. Am doing a mortgage check at the mo, so will see if I can get that down but not hopeful. It's quite a limited offer for shared ownership mortgages but I will see.
    I'm already paying my insurance for the year upfront, I think doing the same with the wifi would save money too, so I need to start thinking of how to put money aside for that.
    I'm saving £100 every month for holidays in 12 months time, so that can go in a high interest saver. In a few months when hulifax is gone I can pay my v!rgin cc in there too and that way I should manage to earn about £60 in interest, or even if things change I won't "lose" any money by doing it.

    So my income streams are:
    New fd saver
    Inbox£
    Swaggy
    Youg0v
    P!necone
    Bay of E
    CO0p bank rewards
    Hulifax bank rewards
    Dibs points cc
    Nect@r points
    F2f with s@ros
    Last edited by GoingToDoIt; 17-04-2017 at 11:06 AM.
    Apr 16... Hfax £2551/821 Vrgin £3420/3047 MBNA 2 £2100/0 MBNA1 98/0
    Total cc 0% debt £8364/3868 updated 21 Apr 17 (halfway to debt free )
    • GoingToDoIt
    • By GoingToDoIt 21st Apr 17, 8:36 AM
    • 381 Posts
    • 2,385 Thanks
    GoingToDoIt
    I'm still trying not to beat myself up for the recent overspend, it's hard though!
    I only paid £54 off hulifax this month, instead of the £210 I had hoped. Money is still a bit up in the air as the new holiday saver took £100 but I already sent £100 to the old holiday account. Am thinking of leaving it there so that it's "squirrelled" until the end of the month. Also keep reminding myself that I will do some money earning after this week
    Swaggy is up to 500+ awaiting 1500, so almost £15, inbox£ is nearly £12, p!necone is at £7, tcb stuck at £31 awaiting £35, I have some bay of e to do. So far £22 earned from bank acct payments this year. Yougov is going well, I see why it is a slow burn but slow and steady will be worth it when I get to £50!
    Apr 16... Hfax £2551/821 Vrgin £3420/3047 MBNA 2 £2100/0 MBNA1 98/0
    Total cc 0% debt £8364/3868 updated 21 Apr 17 (halfway to debt free )
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