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  • FIRST POST
    • louby40
    • By louby40 17th Jun 16, 7:57 AM
    • 1,161Posts
    • 3,181Thanks
    louby40
    Round and round the overdraft....soon to be no more
    • #1
    • 17th Jun 16, 7:57 AM
    Round and round the overdraft....soon to be no more 17th Jun 16 at 7:57 AM
    Having lurked and read quite a few diaries I thought I'd start my own. If it's down on paper then I can read back and see my progress (or not)

    My debts aren't massive but my bugbear is my overdraft as I do believe if I can get that sorted everything else will fall into place

    My debts are:

    £400-500 overdraft every month PAID
    £970 cc now £250 Oct 17
    £5500 left on my car loan (ends in Jan 2019) now £3084 Oct 17
    £106,000 mortgage at £600 pm now £95,805 Oct 17
    £6500 bank of mum and dad PAID

    I have £150 in an emergency fund

    I'm just in the process of moving my current account to First Direct to take advantage of their £250 free overdraft service and £100 incentive to switch. I need to keep my o/d under the £250 and slowly begin to chip away.

    My over spends are having 2 very tall teenage boys who eat a lot and extra trips to the supermarket. I also treat myself to a manicure/gel polish every month.

    I'm a single mum and work as a teacher so I buy stuff for my class, extra craft bits, second hand books from Amazon, it soon mounts up.

    I also need to be stricter with my boys and refuse the £2.50 they ask for lunch everyday.

    I shop in Aldi and cook a lot from scratch - my slow cooker is my saviour!

    I need to keep a strict spending diary and stop buying unnecessary things.
    Last edited by louby40; 29-10-2017 at 3:56 PM.
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £50/600
    Kitchen July £12,493 OCT £10,493. 18% paid off
    Barclaycard £233
    Car loan £2890 Mortgage £95,391
    TOTAL DEBT (with mortgage) = £109,024 (without mortgage) = £13,633
Page 1
    • louby40
    • By louby40 17th Jun 16, 7:59 AM
    • 1,161 Posts
    • 3,181 Thanks
    louby40
    • #2
    • 17th Jun 16, 7:59 AM
    • #2
    • 17th Jun 16, 7:59 AM
    Oh I also owe my parents £4000 - I've paid £2k off so far. I'm paying them £300 and as its their retirement fund I want to pay it back asap

    Also, how do I put a signature on the bottom of my page?
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £50/600
    Kitchen July £12,493 OCT £10,493. 18% paid off
    Barclaycard £233
    Car loan £2890 Mortgage £95,391
    TOTAL DEBT (with mortgage) = £109,024 (without mortgage) = £13,633
    • ramblehan
    • By ramblehan 17th Jun 16, 8:21 AM
    • 400 Posts
    • 924 Thanks
    ramblehan
    • #3
    • 17th Jun 16, 8:21 AM
    • #3
    • 17th Jun 16, 8:21 AM
    Welcome and good luck with your plan.

    You can get to your signature by clicking on User CP - control panel. Its then a link on left-hand side.

    Ramble x
    • louby40
    • By louby40 17th Jun 16, 10:21 PM
    • 1,161 Posts
    • 3,181 Thanks
    louby40
    • #4
    • 17th Jun 16, 10:21 PM
    • #4
    • 17th Jun 16, 10:21 PM
    So today I downloaded a Spending Log app on my phone which I'm going to use to track everything I spend.

    This is more my type of thing than a notebook and pen - sometimes you've got to just find your thing.

    My money from MoneyMagpie has gone in today, it's only £20 but it's another £20 towards paying my overdraft off. CD's and DVD's just sat in a cupboard that I don't watch or listen to.
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £50/600
    Kitchen July £12,493 OCT £10,493. 18% paid off
    Barclaycard £233
    Car loan £2890 Mortgage £95,391
    TOTAL DEBT (with mortgage) = £109,024 (without mortgage) = £13,633
    • louby40
    • By louby40 18th Jun 16, 5:32 PM
    • 1,161 Posts
    • 3,181 Thanks
    louby40
    • #5
    • 18th Jun 16, 5:32 PM
    • #5
    • 18th Jun 16, 5:32 PM
    Did my food plan for the week and went to Aldi with my shopping list

    Sun - beef lunch
    Mon - home made lasagne, salad
    Tue - chicken stir fry
    We'd - gym night - boys see their dad so egg on toast
    Thursday - beef casserole
    Fri - baby shower for a friend, buffet paid for last month

    I spoke to my youngest son (eldest has now left school) and told him he would have to take packed lunches from now on. He's not a great fan of sandwiches so we negotiated paninis instead, more expensive than bread but cheaper than the £50 a month in school lunches.

    £60 at Aldi which is more than I usually spend but only spent £41 last week so that's evened out.
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £50/600
    Kitchen July £12,493 OCT £10,493. 18% paid off
    Barclaycard £233
    Car loan £2890 Mortgage £95,391
    TOTAL DEBT (with mortgage) = £109,024 (without mortgage) = £13,633
    • Poor_Single_lady
    • By Poor_Single_lady 18th Jun 16, 11:40 PM
    • 1,107 Posts
    • 4,187 Thanks
    Poor_Single_lady
    • #6
    • 18th Jun 16, 11:40 PM
    • #6
    • 18th Jun 16, 11:40 PM
    Hello Louby,
    Its good that your son understands, and school is almost finished so its not for long. I also owe my parents quite a lot of money. Its the most flexible arrangement but its the one that brings me the most stress, I feel like I've taken all their money. Hope you can blitz everything and manage the loan. I have 16 loan payments left at £153 a month then I 100% promise I am never getting another loan. Its so difficult. But at least it has an end date. Good luck for your journey. Xxxx
    2017- 5 credit cards plus loan
    Overdraft And 1 credit card paid off.

    2018 plans - reduce debt
    • tori.k
    • By tori.k 19th Jun 16, 9:08 AM
    • 2,897 Posts
    • 6,561 Thanks
    tori.k
    • #7
    • 19th Jun 16, 9:08 AM
    • #7
    • 19th Jun 16, 9:08 AM
    Im guessing like most lads he doesn't like to sit to eat, I only have one left at home in college he will happily take a mock subway or a pasty to college but sandwiches always came home in the box. It not easy feeding lads they seem to have hollow legs
    Best of luck
    Debit to Credit (stage 1) 3652.34 completed 15/10/16
    Debit to Credit (stage 2) 6299.09 completed 25/06/17
    Last Castle 150,000/ 25300
    • louby40
    • By louby40 19th Jun 16, 10:56 AM
    • 1,161 Posts
    • 3,181 Thanks
    louby40
    • #8
    • 19th Jun 16, 10:56 AM
    • #8
    • 19th Jun 16, 10:56 AM
    Yes - my 2 both have hollow legs! I have to hide food. planned for later in the week so that they (and their mates) dont eat it.


    Just been to the tip and got rid of some junk - I always feel good after getting rid of rubbish. Beef is in the oven and veg is prepped.


    Today will be a NSD as no need to go out or buy anything. Staying in and finishing off my school reports, TV, read and housework.


    Ive signed up to a few more opinion sites which I'm hoping may generate a few extra ££. Ive also got a massive coffee jar of 1p & 2p coins so Ive put £2 of those in a bag for when I use the Morrisons self service till. It seems a bit desperate but I don't care - I'm determined to get my debts down.


    Im also going to put some stuff on Ebay - shoes/clothes/bedding. I did put it on Gumtree and my local Facebook site but no interest. I hate the messing about with Ebay though and the postage costs I always seem to get wrong.
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £50/600
    Kitchen July £12,493 OCT £10,493. 18% paid off
    Barclaycard £233
    Car loan £2890 Mortgage £95,391
    TOTAL DEBT (with mortgage) = £109,024 (without mortgage) = £13,633
    • louby40
    • By louby40 19th Jun 16, 11:35 AM
    • 1,161 Posts
    • 3,181 Thanks
    louby40
    • #9
    • 19th Jun 16, 11:35 AM
    • #9
    • 19th Jun 16, 11:35 AM
    Having just looked at my car loan and mortgage amounts I realise Ive got them both wrong.


    Acording to Noddle (which is always a bit behind) I owe £6388 on my car loan and £102,422 on my mortgage.


    Another things Ive realised I haven't done since last week is spend in our local Co-op. I usually go and draw £10 out (so Ive got some cash) to buy milk and end up buying a bottle of wine and chocolate, leaving me with about £2 spare. This week I bought popcorn from Aldi as a treat 79p and drank Bacardi that I bought at Christmas with coke that was already in.


    I'm definitely keeping away from the Co-op!
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £50/600
    Kitchen July £12,493 OCT £10,493. 18% paid off
    Barclaycard £233
    Car loan £2890 Mortgage £95,391
    TOTAL DEBT (with mortgage) = £109,024 (without mortgage) = £13,633
    • in need of direction
    • By in need of direction 19th Jun 16, 11:54 AM
    • 4,704 Posts
    • 26,552 Thanks
    in need of direction
    When my DS was at home, I used to write the menu plan on a blackboard in the kitchen. At least he couldn't claim that he thought things were just there for a snack. Bad news is he's now 30 and still has hollow legs.
    Mortgage at 01.01.14 £119,481.83 today £79,389.12, target £75,000 by 31/12/17 Offset fund today £4,055.43 target £5,500 by 31/12/17
    Emergency fund £5k/5.5k & £90/200 cash.
    Current weight loss 8/34 by 28 feb 2018
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • louby40
    • By louby40 19th Jun 16, 4:19 PM
    • 1,161 Posts
    • 3,181 Thanks
    louby40
    In need of....

    Yes I pin mine on the fridge. They tend not to snack so much if they know there's a meal on the cards!
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £50/600
    Kitchen July £12,493 OCT £10,493. 18% paid off
    Barclaycard £233
    Car loan £2890 Mortgage £95,391
    TOTAL DEBT (with mortgage) = £109,024 (without mortgage) = £13,633
    • louby40
    • By louby40 20th Jun 16, 9:15 AM
    • 1,161 Posts
    • 3,181 Thanks
    louby40
    Good morning diary, it's an INSET day at school for report writing! I've done mine in my own time so today is a day to myself....well along with the iron! I have a big pile of ironing as didn't do any last weekend.

    I've already made a lasagne for tea. Washed some bedding and now need to crack on with the ironing.

    Another NSD for me I think. I put some stuff on eBay last night and I've got a few watchers. They are only listed for a couple of quid each but even if I get £10 for the lot it's better than nothing.

    Talked to my boyfriend about being a bit more frugal. He books lots of gigs and theatre stuff which is great but I don't really budget for it so it adds to my overdraft. He understands and is going to be a bit more considerate now.

    Child benefit goes in tomorrow and then maintenance from my ex husband next Monday. Payday isn't until the 29th....its been a long June.
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £50/600
    Kitchen July £12,493 OCT £10,493. 18% paid off
    Barclaycard £233
    Car loan £2890 Mortgage £95,391
    TOTAL DEBT (with mortgage) = £109,024 (without mortgage) = £13,633
    • louby40
    • By louby40 21st Jun 16, 9:43 PM
    • 1,161 Posts
    • 3,181 Thanks
    louby40
    Evening


    Busy day back at work. I got it wrong and child benefit doesn't go in until next Tuesday. Ooops! I'm just so keen to get paid and started with my new bank account, beginning to pay debts off and begin this journey I'm wishing the days away!


    Yesterday was NSD2, I've been putting a black dot on the calendar in the kitchen to keep a record. Had to draw £20 out today as needed some cash to put towards a collection at work £5 and also needed to buy some things for school - which I'm going to claim back £7.79p. I don't often do this but I'm going to make myself now and get the money back if I can.


    Chicken stir fry for tea. The locusts/boys were down and eating the minute I shouted them. My eldest DS has finished his GCSE's now so is at home all day. Which means there are no biscuits or cakes left and hardly any crisps or fruit! He's got a Saturday job but could really do with a holiday job to get him out of the house! Doubt that will happen though!


    One week until payday!
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £50/600
    Kitchen July £12,493 OCT £10,493. 18% paid off
    Barclaycard £233
    Car loan £2890 Mortgage £95,391
    TOTAL DEBT (with mortgage) = £109,024 (without mortgage) = £13,633
    • louby40
    • By louby40 24th Jun 16, 9:03 PM
    • 1,161 Posts
    • 3,181 Thanks
    louby40
    Well diary


    A few more days closer to payday (maintennance goes in Monday & child benefit Tuesday) then payday Wednesday.


    I want my maintenance/child benefit to pay off my current overdaft then my new bank account should be up and running by the end of next week. It will be tight and I will probably go into my new overdraft - which is free up to £250 - but at least it won't be overdrawn by £500 like this month. Well that's the plan.


    I've sold £18 worth of CD's/DVD's on Money Magpie and put a bit of stuff on Ebay, sold something today for £30 and got other bits with a couple of bids.


    But what has changed with me is how i'm thinking. I don't want to spend money on unneccesary stuff now. My mindset has changed.
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £50/600
    Kitchen July £12,493 OCT £10,493. 18% paid off
    Barclaycard £233
    Car loan £2890 Mortgage £95,391
    TOTAL DEBT (with mortgage) = £109,024 (without mortgage) = £13,633
    • louby40
    • By louby40 25th Jun 16, 7:09 AM
    • 1,161 Posts
    • 3,181 Thanks
    louby40
    Up early today! Why is it I struggle to get up at 6.30 during the week but am wide awake at 6am on the weekend!!!
    Ahh well, the washer is on!

    My OH bought some shopping this week, he spends loads of time here and his daughter stays here at the weekend too so he bought our groceries - so good of him!

    I need to go out and buy some brown tape to package up my parcel which is going on Monday. I have a few things on eBay ending tomorrow so I need to be ready to post those on Monday.

    I've been thinking ahead to July and what I need to buy/pay for:
    * €100 for my son as he's going to Paris with school
    * £60 for carpet fitting (bought carpet/vinyl before I got my MS head on
    * £30 on sun cream for 3 of us as we're on holiday in Spain at the end of July
    £20 on 2 gifts for the staff that work for me as a thank you (I've got a bottle of wine so that will go towards one)

    I am sure there will be other things too. Annoyingly I'm away when we're paid for July. I pay need to draw some cash out whilst we're there and incur charges!
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £50/600
    Kitchen July £12,493 OCT £10,493. 18% paid off
    Barclaycard £233
    Car loan £2890 Mortgage £95,391
    TOTAL DEBT (with mortgage) = £109,024 (without mortgage) = £13,633
    • louby40
    • By louby40 25th Jun 16, 7:29 PM
    • 1,161 Posts
    • 3,181 Thanks
    louby40
    Very small spend today at my local cheap shop (B & M), I had to buy some brown tape for my parcel 99p. That's all ready to go first thing on Monday.


    I've just had a few more bids for stuff that's ending tomorrow and some furniture that's not ending until Thursday. Ebay is great until you have to start packaging and posting stuff. But if I can make a £100 it's all good.


    I've done my food plan for the week:


    Sun - chicken lunch
    Mon - chicken pasta bake
    Tues - DS prom night so a very quick tea - egg on toast probably before we're out
    Weds - boys with their dad and Zumba night so omelette and salad
    Thurs - chilli & rice
    Fri - picnic as we're out watching an outdoor theatre production


    I need to give my son a bit of money towards drinks and a taxi on Tuesday. The prom has cost me and his dad about £400!! But that's probably quite cheap compared to the amount the parents of the girls have spent!!


    So glad it's nearly payday! Hopefully this will be the beginning of the end of my constant spiralling debt.
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £50/600
    Kitchen July £12,493 OCT £10,493. 18% paid off
    Barclaycard £233
    Car loan £2890 Mortgage £95,391
    TOTAL DEBT (with mortgage) = £109,024 (without mortgage) = £13,633
    • louby40
    • By louby40 26th Jun 16, 11:04 AM
    • 1,161 Posts
    • 3,181 Thanks
    louby40
    Good morning


    Busy morning so far. Load of washing done, dusted, hoovered, sorted out dry washing. Chicken in the oven and veg prepped.


    Manhandled some furniture downstairs (I live in a 3 storey house) with my OH as someone has bid on it so that should hopefully be collected towards the end of the week. I have 11 things on Ebay with a few bids and a lot of watchers - although I know that doesn't mean anything until they actually bid.


    I've completed some school stuff, planning and prepped an assembly for my class (I teach Reception and they're going to do their first ever assmbly for parents in 2 weeks - scary stuff).


    Checked my banking and changed the names of some different savings accounts I have, ready to do a bit of piggybanking once I get paid. Think I might start a 52 week money challenge starting with £1 this week.


    Ive made a list of things I know I've got to pay for during July, so I'm aware of them and can keep them in mind.


    This afternoon I need to take some more pics of clothes to go on Ebay and tackle the massive pile of ironing that seems to get bigger by the day. My OH is here this weekend so we may watch a film later.


    Today is definitely a NSD, don't need to go out plus the weather is rubbish. Two days till payday.


    Don't understand why Ive got such massive gaps inbetween paragraphs???
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £50/600
    Kitchen July £12,493 OCT £10,493. 18% paid off
    Barclaycard £233
    Car loan £2890 Mortgage £95,391
    TOTAL DEBT (with mortgage) = £109,024 (without mortgage) = £13,633
    • kansaskitty
    • By kansaskitty 26th Jun 16, 4:59 PM
    • 137 Posts
    • 557 Thanks
    kansaskitty
    Hi Louby nice to read your debt free diary! I used to be an EYFS teacher before taking a break to be at home with my son. Me and hub have a loan to his parents which I am determined to clear by Christmas! Well done on changing to a Moneysaving mindset... It's so hard and we sometimes fall off the wagon!
    Stay-at-home-mummy of two, pinching the pennies but loving it!
    Spreadsheeter, piggybanker, envelope-system user!
    Debt £1400/£6500 21.5%
    Emergency Fund £0/£500 0%
    • louby40
    • By louby40 26th Jun 16, 5:34 PM
    • 1,161 Posts
    • 3,181 Thanks
    louby40
    Hi Kitty

    I love EYFS and have been teaching Reception for 5 years, but I'm going back into Y1 in September and taking my class with me. Looking forward to it.

    Hard for you to give up such a good salary, but don't blame you. Very rewarding staying at home too. I'm definitely in the MSE frame of mind now.
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £50/600
    Kitchen July £12,493 OCT £10,493. 18% paid off
    Barclaycard £233
    Car loan £2890 Mortgage £95,391
    TOTAL DEBT (with mortgage) = £109,024 (without mortgage) = £13,633
    • louby40
    • By louby40 27th Jun 16, 7:09 PM
    • 1,161 Posts
    • 3,181 Thanks
    louby40
    Good evening....60 minutes till the football kicks off!

    Posted 4 parcels today of things I've sold on EBay. I've got another 11 items on there, just bits of clothes I don't wear anymore, plus a couple of pieces of furniture that I don't need since I've downsized.

    I took my son to his friends so put £30 of petrol in my car and then nipped into Boots to buy some hair stuff, I used my points to buy it though. Then nipped into Morrisons for a jar of tea I drink and paid for it with coppers at the self checkout. I didn't realise it would take so long to put £1.38 in!! But I carried on lol. Don't think I'd do it on a Saturday morning with a massive queue behind me - next time I need to mix it up a bit! But I'm quite pleased with 2 'free' purchases.

    I've started putting all my ins and outs into my spending app on my phone. I'm totally committed to this now and getting my debt down. I know it's not always going to be easy but I feel I'm off to a good start!
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £50/600
    Kitchen July £12,493 OCT £10,493. 18% paid off
    Barclaycard £233
    Car loan £2890 Mortgage £95,391
    TOTAL DEBT (with mortgage) = £109,024 (without mortgage) = £13,633
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