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    • hannahroberts1985
    • By hannahroberts1985 15th Jun 16, 9:18 PM
    • 626Posts
    • 958Thanks
    hannahroberts1985
    Debt-Free wanna be vs Maternity pay. Determined to stay on track.
    • #1
    • 15th Jun 16, 9:18 PM
    Debt-Free wanna be vs Maternity pay. Determined to stay on track. 15th Jun 16 at 9:18 PM
    Hey everyone,

    I'm Hannah I'm 30 (not sure how or when that happened my memory must be going because I only feel 21 mentally 50 physically though )my debt is shifting in the right direction and we are able to pay 200-300 off a month but with maternity pay fast approaching I felt a diary would be a good way to keep me on track. I am currently 22 weeks pregnant with my second little boy. DS1 ( darling son)is two on the 29th. We are going on a holiday to Devon Friday. Guessing all this expense has got me wanting to keep things in check. Since being so good I get panicky about spending but chunks of money. We booked a small family holiday though before DS2 arrives as we haven't been on a holiday for 4 years and wanted to take Kian before things got crazy. Everyone's got to live a little right. I'm also currently on an 8 week full paid sabbatical from work...it's great but that's also 5 extra days a week to try not spend money! I tell you this weather needs to perk up soft play isn't cheap!!

    I was awful with money years back even had a diary on here
    previously. I have been cleaning debt for a few years now. I have some of my own debt and joint from buying things for our home my partner has bad credit due to a mortgage he's stuck in with his step father. ...we will cross this bridge at a later date but it is all (touch wood) on track now. Other than that he is great with money and has taught me a lot!! Me and DP (darling parter) share money fairly we both have pocket money then anything else go into the joint account/off my debt repayment. I was part time when I went back after DS1 but went full time when we were planning DS2 1) for the maternity pay and 2) I know my 8 weeks paid sabbatical was due so wanted to get full time pay for this. I have 6 weeks full time to work before maternity leave and I'm dreading it, but hey ho needs must! Think of the money I keep telling myself. I feel I am in a good place and manage money so much better than I used to. I'll share my tips with you.....when I get a chance. I will also update my signature with SOA ASAP.

    Thanks for reading (if anyone is) now that's off my chest time for a bath then bed.
    Hannah


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    Last edited by MSE Jessica; 18-04-2017 at 2:48 PM.
Page 23
    • cms-help
    • By cms-help 2nd May 17, 6:19 PM
    • 132 Posts
    • 124 Thanks
    cms-help
    Thank you cms help. The lady at school keeps telling me there is nothing more to do their end but we are the first people to use it so I'll try asking her again.
    Originally posted by hannahroberts1985
    Are you using the new scheme?
    We have childcare vouchers (the original scheme) so it might be different.
    • hannahroberts1985
    • By hannahroberts1985 2nd May 17, 7:23 PM
    • 626 Posts
    • 958 Thanks
    hannahroberts1985
    I think it's the old one. X
    OD 0 C Card 0% 2212.20 Now:672 Loan4540.84 Now:3378.90 Familyloan 900 Now:1000 Next: 49Now 10 DFS 1017 Now:462.50
    Total Debt June 2016 8996.47 Now:5427.26= 39%Down
    Savings:2007/20,000 = 10% Car fund:0 Xs fund 70.25 B/day [COLOR="Lime"]35
    Noodle: 619 Clear: 490 msescore:888/56%
    • cms-help
    • By cms-help 3rd May 17, 10:13 AM
    • 132 Posts
    • 124 Thanks
    cms-help
    I think it's the old one. X
    Originally posted by hannahroberts1985
    Under the old scheme the employer, under instruction from the childcare voucher company, deducts money from salary. This money is then held in your "voucher" account (so you need to know which voucher company the employer uses to start with). Each childcare provider has a reference number for each voucher company they accept. You will need to enter that reference number into the voucher provider's website. You then have various options over paying manually or automatically etc. We always pay automatically then pay the balance owed directly to the nursery.

    You can't accumulate it and then withdraw it as cash - it can only be used to pay childcare bills.
    • hannahroberts1985
    • By hannahroberts1985 7th May 17, 6:58 AM
    • 626 Posts
    • 958 Thanks
    hannahroberts1985
    Thank you. hunmm I think we may be on the new system then as the school is adamant it's all our end. Going to get DP to log on at home and I'll let you know how we suss it out.

    Quick pop in as we have a few spendy days. DP had today and tomorrow off and after all this pox I need some fun!! 40 left in the day out fund so we've booked tickets online for a kids theme park. I've packed a picnic already ! May grab a brew and a treat at some point and depending on when we leave maybe a cheeky mc's on the way home. We shall see.

    Then DS1 is at school tomorrow so once he's dropped off me DP and DS2 are heading for a breakfast date. DP will pay far this. I'll need to put some petrol i today hopefully my 20 I have left covers what in need until payday then it's just a case of not spending any money next week.

    X
    OD 0 C Card 0% 2212.20 Now:672 Loan4540.84 Now:3378.90 Familyloan 900 Now:1000 Next: 49Now 10 DFS 1017 Now:462.50
    Total Debt June 2016 8996.47 Now:5427.26= 39%Down
    Savings:2007/20,000 = 10% Car fund:0 Xs fund 70.25 B/day [COLOR="Lime"]35
    Noodle: 619 Clear: 490 msescore:888/56%
    • hannahroberts1985
    • By hannahroberts1985 13th May 17, 11:42 AM
    • 626 Posts
    • 958 Thanks
    hannahroberts1985
    Ok so it's been a while oops.

    Few spends but mostly needed bits and bobs for the boys.

    Pay day is Monday but I had s food shop yesterday as we were out of fresh bits and bobs. Bit tight due to the dental bill of 107 but I'm sooo trying to make it that we do r have to take from savings. I really don't want that to go below 2000! I will have 90 left in the food and petrol on payday after the 160 shop if accounted for. Me and DP both need petrol so once he's paid on the 28th I will have to pop more in this account to last us until next month. Dp'a pay is average this month so we may not be able to save any extra. We shall see.

    My pay next month is only half a month of mat payI've emailed work and asked if I can do a lot Day on the 24th and I think if I push for another one early next month too that should bump me up enough to make next month do able without using savings.

    We have tickets to a gig at the end of the month I think DP is going to drive so I'll just have to save enough pocket money for a few drinks and some food.

    There is a circus in town next week so we will take DS 24 I've ordered some pizza and bits for a takeaway night for me and DP so we will try be good and not buy food while there.

    Been using tumble dryer when I can.....even though sometime I soooo want to cave and use it for ease.

    Few spends on my next account. I paid 20 for unlimited delivery for a year. I feel this may be a mistake. Oops!! I'll update my Sig when the statement comes through. We live a 20 mile drive from town so justify it with saving on petrol and extra spends while out. We're at a party tomorrow and it was so easy just ordering a pair of pj's and have them delivered the next day for free. Got some cool wellies for DS's birthday and a friend had a baby last week so ordered some baby grows. Only 47 on account I think inc the delivery charge.

    Best go sort lunches x
    OD 0 C Card 0% 2212.20 Now:672 Loan4540.84 Now:3378.90 Familyloan 900 Now:1000 Next: 49Now 10 DFS 1017 Now:462.50
    Total Debt June 2016 8996.47 Now:5427.26= 39%Down
    Savings:2007/20,000 = 10% Car fund:0 Xs fund 70.25 B/day [COLOR="Lime"]35
    Noodle: 619 Clear: 490 msescore:888/56%
    • hannahroberts1985
    • By hannahroberts1985 13th May 17, 1:40 PM
    • 626 Posts
    • 958 Thanks
    hannahroberts1985
    Been feeling a bit bogged under my money so decided to look back on how far we've come. Since o started my diary:

    Debt cleared: 4975.66

    And 2000 saved!

    It's nearly been a year since I started my diary now and nearly 7000 had moved in the right direction. I honestly think without this diary that would have been a - amount. We keep looking on right move then getting annoyed when something perfect comes up but it's all good motivation to keep us going I guess. We should be able to save a minimum of 200 a mo th when I'm back at work then in April when the dfs debt if cleared that's another 50 a month that can go to the isa. I may have to change the diary name to debt free wanna be vs mat leave to debt free wanna be vs child care as the first two months will cost around 700-800 per month until DS is three and qualifies for his 30 hours.


    Both mine and dp's credit scores are now good and continuing to rise and we have a decent car on the drive which won't cost us a fortune to fix every mot (hopefully)
    Must keep going we will get there one day x
    OD 0 C Card 0% 2212.20 Now:672 Loan4540.84 Now:3378.90 Familyloan 900 Now:1000 Next: 49Now 10 DFS 1017 Now:462.50
    Total Debt June 2016 8996.47 Now:5427.26= 39%Down
    Savings:2007/20,000 = 10% Car fund:0 Xs fund 70.25 B/day [COLOR="Lime"]35
    Noodle: 619 Clear: 490 msescore:888/56%
    • hannahroberts1985
    • By hannahroberts1985 17th May 17, 1:55 PM
    • 626 Posts
    • 958 Thanks
    hannahroberts1985
    Quick pop in before a spendy outing. Circus this afternoon 24 for tickets then I've packed a drink and a treat for DS and my buy him a little light toy or something and a snack. Also need to pop for milk and bread.

    Sold some for 25 that DP needs to drop off on Friday.

    Kit day planned in for next week and I'll make a plan while I'm there for a couple more next month to top up my pay. Then it'll be back to part time pay. First few months child care if going to be a killer but then tell settle once DS1 qualifies for his 30 hours.

    Been looking at getting a loan the help boost the deposit fund but I know that is silly! I just want it done sooner.

    Feeling all meh about money. I want to buy a house now and it seeeeemssz to be taking sooooo long!!! Maybe I need to find time to read a few other diaries so I don't feel so bogged down.

    Just keep swimming. X
    OD 0 C Card 0% 2212.20 Now:672 Loan4540.84 Now:3378.90 Familyloan 900 Now:1000 Next: 49Now 10 DFS 1017 Now:462.50
    Total Debt June 2016 8996.47 Now:5427.26= 39%Down
    Savings:2007/20,000 = 10% Car fund:0 Xs fund 70.25 B/day [COLOR="Lime"]35
    Noodle: 619 Clear: 490 msescore:888/56%
    • hannahroberts1985
    • By hannahroberts1985 22nd May 17, 11:34 AM
    • 626 Posts
    • 958 Thanks
    hannahroberts1985
    Quick pop in.

    I've spent a bit of money this week oops. 56 on clothes for the boys but there was a good offer on and I think that's us all set for summer and most of winter now and about the same on a new work bag and bras for me. I'm doing a kit day Wednesday so they were needed. Weather looks good here this week so will do lots of cheap outdoorsy bits with the boys.

    DP gets paid Friday so I'll re jig accounts then x
    OD 0 C Card 0% 2212.20 Now:672 Loan4540.84 Now:3378.90 Familyloan 900 Now:1000 Next: 49Now 10 DFS 1017 Now:462.50
    Total Debt June 2016 8996.47 Now:5427.26= 39%Down
    Savings:2007/20,000 = 10% Car fund:0 Xs fund 70.25 B/day [COLOR="Lime"]35
    Noodle: 619 Clear: 490 msescore:888/56%
    • enthusiasticsaver
    • By enthusiasticsaver 22nd May 17, 12:03 PM
    • 3,400 Posts
    • 5,697 Thanks
    enthusiasticsaver
    Don't get a loan to boost the deposit. It makes no sense to pay interest on this and it will limit your mortgage as they take debt into account for affordability. Are your savings in help to buy isa?
    Debt and mortgage free and saving for early retirement
    • hannahroberts1985
    • By hannahroberts1985 22nd May 17, 12:07 PM
    • 626 Posts
    • 958 Thanks
    hannahroberts1985
    Thanks I don't think we will. I'm just very impatient and it seems to be going slowly. Yes we are we have one each but my partner isn't a first time buyer so saving most in mine as we don't think he will qualify. Hoping I still will even though buying with him.
    OD 0 C Card 0% 2212.20 Now:672 Loan4540.84 Now:3378.90 Familyloan 900 Now:1000 Next: 49Now 10 DFS 1017 Now:462.50
    Total Debt June 2016 8996.47 Now:5427.26= 39%Down
    Savings:2007/20,000 = 10% Car fund:0 Xs fund 70.25 B/day [COLOR="Lime"]35
    Noodle: 619 Clear: 490 msescore:888/56%
    • enthusiasticsaver
    • By enthusiasticsaver 22nd May 17, 12:11 PM
    • 3,400 Posts
    • 5,697 Thanks
    enthusiasticsaver
    The savings will grow quicker once you are back at work and the debt is gone. This is what debt does unfortunately. Impacts on all areas of your life including future plans. You have done well to reduce debt and save whilst on maternity leave though.
    Debt and mortgage free and saving for early retirement
    • hannahroberts1985
    • By hannahroberts1985 22nd May 17, 12:20 PM
    • 626 Posts
    • 958 Thanks
    hannahroberts1985
    Thanks. Feeling very determined to get it turned around and in our own home while the boys are still little and don't know we are constantly watching the pennies xx
    OD 0 C Card 0% 2212.20 Now:672 Loan4540.84 Now:3378.90 Familyloan 900 Now:1000 Next: 49Now 10 DFS 1017 Now:462.50
    Total Debt June 2016 8996.47 Now:5427.26= 39%Down
    Savings:2007/20,000 = 10% Car fund:0 Xs fund 70.25 B/day [COLOR="Lime"]35
    Noodle: 619 Clear: 490 msescore:888/56%
    • enthusiasticsaver
    • By enthusiasticsaver 22nd May 17, 4:14 PM
    • 3,400 Posts
    • 5,697 Thanks
    enthusiasticsaver
    Coping with tight budgeting with children is hard but I personally don't think it does any harm for children to see from an early age we all have to make choices. Money was tight for us when our girls were little and I was a SAHM and I watched every penny. Giving them a choice of a comic or sweets on pocket money day made them realise they didn't get everything they wanted and sometimes had to wait so sweets one week and the comic or Saturday morning cinema the next. They are both grown up and both solvent now so don't think we did too much wrong. School trips they had to put birthday money towards and no holidays until I went back to work and we had more money.

    Your boys will be fine. Don't think you are depriving them by them sometimes having to wait for stuff.
    Debt and mortgage free and saving for early retirement
    • hannahroberts1985
    • By hannahroberts1985 22nd May 17, 4:41 PM
    • 626 Posts
    • 958 Thanks
    hannahroberts1985
    Oh they are no means deprived. Growing up things were very tight for my mum and dad and I'd like to be able to take the boys on holidays and do after school clubs etc something my parents couldn't afford. Also I'd love to have some savings for each of them to help them get on the property ladder one day. When they have saved a bit thenselves I'd love to be able to say we'll match match what they've saved. X
    OD 0 C Card 0% 2212.20 Now:672 Loan4540.84 Now:3378.90 Familyloan 900 Now:1000 Next: 49Now 10 DFS 1017 Now:462.50
    Total Debt June 2016 8996.47 Now:5427.26= 39%Down
    Savings:2007/20,000 = 10% Car fund:0 Xs fund 70.25 B/day [COLOR="Lime"]35
    Noodle: 619 Clear: 490 msescore:888/56%
    • cms-help
    • By cms-help 22nd May 17, 7:12 PM
    • 132 Posts
    • 124 Thanks
    cms-help
    Oh they are no means deprived. Growing up things were very tight for my mum and dad and I'd like to be able to take the boys on holidays and do after school clubs etc something my parents couldn't afford. Also I'd love to have some savings for each of them to help them get on the property ladder one day. When they have saved a bit thenselves I'd love to be able to say we'll match match what they've saved. X
    Originally posted by hannahroberts1985
    We also take the view that it's nice to help the children out in the future. As we have no idea what the future might hold, we are saving every month into their accounts so their tuition fees will be paid for if they choose university. We didn't want them leaving school with massive debts that take forever to repay (I'm from the grant generation so didn't have to deal with it).

    The after school clubs at my eldest's school are run by the teachers/teaching assistants and are all free. There's usually something different on every day. We do pay for weekend swimming and martial arts lessons and eldest wants to start riding when he's old enough (the local club only starts aged 7 though).
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