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  • FIRST POST
    • louby40
    • By louby40 17th Jun 16, 7:57 AM
    • 1,078Posts
    • 2,996Thanks
    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 (just moved to 0% which I shall pay £50-100 a month off)
    £5500 left on my car loan (ends in Jan 2019)
    £106,000 mortgage at £600 pm
    £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; 15-08-2017 at 10:04 AM.
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 SEPT £11,493. 12% paid off
    Barclaycard £442
    Car loan £3278 Mortgage £96,197
Page 21
    • Poor_Single_lady
    • By Poor_Single_lady 20th Apr 17, 9:55 PM
    • 1,000 Posts
    • 3,655 Thanks
    Poor_Single_lady
    This is good!
    2017- 5 credit cards plus loan
    Overdraft And 1 credit card paid off.

    2018 plans - reduce debt
    • louby40
    • By louby40 22nd Apr 17, 2:09 PM
    • 1,078 Posts
    • 2,996 Thanks
    louby40
    It's the end of the holidays and I'm sad. So nice to be off and to be chilled doing my own thing.

    Back to work on Monday, I'll be fine once I've spent an hour there.

    We've just got back from a 9km walk, it's a lovely day. Now I'm going to peg out some washing and enjoy my afternoon.
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 SEPT £11,493. 12% paid off
    Barclaycard £442
    Car loan £3278 Mortgage £96,197
    • mummytogirls
    • By mummytogirls 22nd Apr 17, 5:25 PM
    • 5,411 Posts
    • 16,478 Thanks
    mummytogirls
    I feel the same Louby, hate the end of the holidays but manage to get back into it quite quickly! xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
    • Honeysucklelou2
    • By Honeysucklelou2 22nd Apr 17, 6:46 PM
    • 373 Posts
    • 1,097 Thanks
    Honeysucklelou2
    We've been back a week, not long though to bank holiday weekend. Hope the summer term is a good one Louby.
    paydbx #90 £325/£10,000.
    365 day penny challenge £37.66/£667.95
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017
    • louby40
    • By louby40 22nd Apr 17, 8:14 PM
    • 1,078 Posts
    • 2,996 Thanks
    louby40
    Yes not long and then it's only 4 weeks to half term! Typical educators counting down the weeks to the next holiday

    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 SEPT £11,493. 12% paid off
    Barclaycard £442
    Car loan £3278 Mortgage £96,197
    • louby40
    • By louby40 24th Apr 17, 7:41 AM
    • 1,078 Posts
    • 2,996 Thanks
    louby40
    Well it's off to work I go this morning.

    10 NSD so far in April with a week to go.

    Payday on Wednesday - need to pay the plasterer and plumber in May plus we have our London/Harry Potter weekend
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 SEPT £11,493. 12% paid off
    Barclaycard £442
    Car loan £3278 Mortgage £96,197
    • Poor_Single_lady
    • By Poor_Single_lady 24th Apr 17, 7:49 AM
    • 1,000 Posts
    • 3,655 Thanks
    Poor_Single_lady
    Hope work is OK Louby. And wishing you well behaved children. xx
    2017- 5 credit cards plus loan
    Overdraft And 1 credit card paid off.

    2018 plans - reduce debt
    • louby40
    • By louby40 26th Apr 17, 4:43 PM
    • 1,078 Posts
    • 2,996 Thanks
    louby40
    Three days in and back in the swing of things.

    My son, whose 17 has been offered an apprenticeship today! He's been applying for 7 months, quite a few interviews but nothing...until today. I'm so pleased for him.

    For me, it means my child benefit goes from £137 to £85 a month but it's a small price to pay as he desperately needs this for his self esteem and so he can start earning some money. It's not a lot (£131 a week) but it's a start and probably seems like a fortune to him!
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 SEPT £11,493. 12% paid off
    Barclaycard £442
    Car loan £3278 Mortgage £96,197
    • mummytogirls
    • By mummytogirls 26th Apr 17, 5:50 PM
    • 5,411 Posts
    • 16,478 Thanks
    mummytogirls
    3 days in and everything feels out of control for me Louby!!!

    Great news about your son and his apprenticeship xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
    • SpekySquarehead
    • By SpekySquarehead 27th Apr 17, 9:00 AM
    • 1,653 Posts
    • 12,816 Thanks
    SpekySquarehead
    That's super news on your DS. I hope it's the start of a lucrative career. I often ponder if learning a trade at a younger age would have been a better option for me as many of my friends have and live a very comfortable life. Some own their own business. Some are able to work over time if they've got a holiday or something coming up. Hope it all works out for him.
    Debt Free Date: 29/09/16
    • louby40
    • By louby40 27th Apr 17, 5:22 PM
    • 1,078 Posts
    • 2,996 Thanks
    louby40
    Speky it's an IT/digital marketing apprenticeship. Not all apprenticeships now are trade.

    He's going to be working in an office, supporting IT and keeping the website/Twitter/Facebook side of things going. He had a taster day yesterday and loved it.

    Now got to buy him some office wear.,
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 SEPT £11,493. 12% paid off
    Barclaycard £442
    Car loan £3278 Mortgage £96,197
    • SpekySquarehead
    • By SpekySquarehead 28th Apr 17, 8:28 AM
    • 1,653 Posts
    • 12,816 Thanks
    SpekySquarehead
    Ah well there you go. I didn't know that. Nonetheless, fantastic!!

    I too am office based. I've found M&S stuff is affordable and lasts. Managed to even get a few things in their sales too.
    Debt Free Date: 29/09/16
    • louby40
    • By louby40 28th Apr 17, 6:05 PM
    • 1,078 Posts
    • 2,996 Thanks
    louby40
    Lol Speky you're showing your age. M & S and 17 year olds don't go together. He's had a few things from Next. He's over 6 foot and so skinny, he likes their skinny trousers! They wash well and aren't silly money!
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 SEPT £11,493. 12% paid off
    Barclaycard £442
    Car loan £3278 Mortgage £96,197
    • reality_check
    • By reality_check 29th Apr 17, 7:01 PM
    • 638 Posts
    • 1,279 Thanks
    reality_check
    Great news about your son!! I also never knew that apprenticeships could be other things other than a trade, learn something new every day x
    • louby40
    • By louby40 30th Apr 17, 12:11 PM
    • 1,078 Posts
    • 2,996 Thanks
    louby40
    The government give money to lots of large companies now (apprenticeship levy) to employ 16 - 19 yr olds through apprenticeships.

    You can literally do an apprenticeship in anything. They encourage you to find your own apprenticeship too, someone that will employ you and then the company can apply for the £££ towards it. It's a good way of earning whilst you're working and getting some experience.
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 SEPT £11,493. 12% paid off
    Barclaycard £442
    Car loan £3278 Mortgage £96,197
    • louby40
    • By louby40 30th Apr 17, 12:15 PM
    • 1,078 Posts
    • 2,996 Thanks
    louby40
    In other news.... sold my 10 year old tumble dryer (hardly used) for £10 on my local Facebook selling site. I had about 6 people after it. It went within 60 seconds of me placing the ad!

    Joined WW (found a cheap code) as I just can't seem to shift this 10lb. I have loads of lovely clothes that are too tight and I certainly don't want to buy anymore.

    Washer is on and ready to peg out in 5 minutes. OH is making roast chicken for lunch. May go out for a walk later and then it's Line of Duty!!!!
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 SEPT £11,493. 12% paid off
    Barclaycard £442
    Car loan £3278 Mortgage £96,197
    • louby40
    • By louby40 30th Apr 17, 7:44 PM
    • 1,078 Posts
    • 2,996 Thanks
    louby40
    Debt to my parents now stands at £535. 2 more payments and it's done.

    12 NSD in April. Not brilliant. Going to try for 15 next month.
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 SEPT £11,493. 12% paid off
    Barclaycard £442
    Car loan £3278 Mortgage £96,197
    • SpekySquarehead
    • By SpekySquarehead 1st May 17, 8:48 AM
    • 1,653 Posts
    • 12,816 Thanks
    SpekySquarehead
    Good luck at WW! My mum's just joined SW for similar reasons.

    A month now. I'm sure you'll smash the NSD's. Good luck. And well done on the payments to the Bank of Parents.
    Debt Free Date: 29/09/16
    • mummytogirls
    • By mummytogirls 1st May 17, 9:34 AM
    • 5,411 Posts
    • 16,478 Thanks
    mummytogirls
    Yay to the TD selling so quickly Louby!

    Sounds like a lovely day for you yesterday xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
    • louby40
    • By louby40 1st May 17, 6:39 PM
    • 1,078 Posts
    • 2,996 Thanks
    louby40
    Great day today. Fab Zumba class ( I love Zumba) and healthy food choices.

    Walk with my lovely OH, only round the block but it made me rack up 13,000 Fitbit steps. Now relaxed and watching TV.

    And we've only got a 4 day working week!
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 SEPT £11,493. 12% paid off
    Barclaycard £442
    Car loan £3278 Mortgage £96,197
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