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  • FIRST POST
    • louby40
    • By louby40 17th Jun 16, 7:57 AM
    • 967Posts
    • 2,676Thanks
    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
    £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

    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 Lidl 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; 11-09-2016 at 3:01 PM.
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £200/£1000. Christmas savings £400/£600
    Kitchen July £12,493 Aug £11,993
    Barclaycard £610
    Car loan £3666 Mortgage £96,981
Page 23
    • louby40
    • By louby40 3rd Jun 17, 6:57 PM
    • 967 Posts
    • 2,676 Thanks
    louby40
    Yes we were in London Saturday and Sunday. The HP play was brilliant. Then we spent the day in Hyde Park on Sunday with a picnic and a bottle of Prosecco. It was lovely and we both caught the sun.

    We were staying in Nottinghill Hill in an Airbnb room so walked into Kensington for a meal and drinks Sunday night.

    We love London. We've been to London 11 times since we met in 2014! But it's soooo expensive! So I totally get your struggles.
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £200/£1000. Christmas savings £400/£600
    Kitchen July £12,493 Aug £11,993
    Barclaycard £610
    Car loan £3666 Mortgage £96,981
    • mummytogirls
    • By mummytogirls 6th Jun 17, 3:25 PM
    • 5,230 Posts
    • 15,336 Thanks
    mummytogirls
    Thinking of you today Louby xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £7586.76 - 31/05/17 - 67.25% paid off
    • Honeysucklelou2
    • By Honeysucklelou2 6th Jun 17, 8:54 PM
    • 248 Posts
    • 719 Thanks
    Honeysucklelou2
    Wishing you a speedy recovery Louby.
    paydbx #90 £275/£10,000.
    365 day penny challenge £37.66/£667.95
    Loan £17k in 2012- £570 in June 2017. Home improvement loans £3342 March 2017
    • SpekySquarehead
    • By SpekySquarehead 8th Jun 17, 9:04 AM
    • 1,550 Posts
    • 12,056 Thanks
    SpekySquarehead
    Hope all went well on Tuesday
    Debt Free Date: 29/09/16
    NSD (5/15)
    • louby40
    • By louby40 10th Jun 17, 4:13 PM
    • 967 Posts
    • 2,676 Thanks
    louby40
    Hello everyone, roller coaster week! Had my operation on Tuesday, I was first down at 9am which was so good and all went well. I was home by Wednesday lunchtime and tucked up in bed.

    Since then it's just been sleeping, slowly getting more mobile and taking things slow.

    My builder messaged me the day of my operation to see if he could start the kitchen on Wednesday 14th June. After discussion with my partner we decided he might as well go ahead. I'm upstairs away from it all so it won't really affect me. But my lovely partner has been left to empty the kitchen and sort everything out - he's a diamond.
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £200/£1000. Christmas savings £400/£600
    Kitchen July £12,493 Aug £11,993
    Barclaycard £610
    Car loan £3666 Mortgage £96,981
    • mummytogirls
    • By mummytogirls 10th Jun 17, 4:15 PM
    • 5,230 Posts
    • 15,336 Thanks
    mummytogirls
    So good to hear from you Louby, glad all went well. Hope you haven't been in pain.

    Wow to the kitchen starting next week!!! Builder might even make you a cuppa since you can't lift the kettle

    Bless your OH, glad he's helping get the kitchen sorted xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £7586.76 - 31/05/17 - 67.25% paid off
    • SpekySquarehead
    • By SpekySquarehead 12th Jun 17, 9:03 AM
    • 1,550 Posts
    • 12,056 Thanks
    SpekySquarehead
    Glad things went well. Just you take the time you need to recover. Good news with the kitchen too, you'll be glad when it's finished.
    Debt Free Date: 29/09/16
    NSD (5/15)
    • louby40
    • By louby40 22nd Jun 17, 1:48 PM
    • 967 Posts
    • 2,676 Thanks
    louby40
    Haven't been on here for ages! It's chaos in my house. We had 5 days of people ripping out the kitchen, making holes for the electrics and sorting out the plumbing etc and now we have plasterers in. Hopefully the plaster should be dry by Monday then the kitchen guys will be back to paint and start fitting the kitchen and second fix electrics.

    After that the flooring guy needs to lay the floor in the kitchen and hall. Everything is costed out and I've either borrowed (at 0%) or used savings to pay for it. It's still costing me £12k though which I plan to pay off over the next 18 months. It's a lot of money but needed doing desperately. My parents debt is almost paid off which frees up £300 a month plus my partner is giving me rent so I'm about £800 a month better off from August.

    Health wise I'm feeling ok. Still finding it hard to walk very fast - which I hate but I'm slowly getting there, it's only been 2 weeks and my GP says I'm expecting too much too soon.

    Can't wait to enjoy my new kitchen though - so exciting!
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £200/£1000. Christmas savings £400/£600
    Kitchen July £12,493 Aug £11,993
    Barclaycard £610
    Car loan £3666 Mortgage £96,981
    • louby40
    • By louby40 26th Jun 17, 7:50 AM
    • 967 Posts
    • 2,676 Thanks
    louby40
    So it's just over 12 months since I had my LBM!

    I've achieved so much
    Paid off my £500 overdraft and have kept out of it since
    Paid £5k off my CC
    Paid £6k back to my parents
    Saved £2k towards my kitchen

    I've kept CC spending to a minimum and by using YNAB I've kept to a budget,

    I now have additional debt because of my kitchen BUT I have no additional debt, it will increase the value of my house AND it's all on 0% finance.

    Life is good!
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £200/£1000. Christmas savings £400/£600
    Kitchen July £12,493 Aug £11,993
    Barclaycard £610
    Car loan £3666 Mortgage £96,981
    • reality_check
    • By reality_check 26th Jun 17, 11:26 AM
    • 606 Posts
    • 1,120 Thanks
    reality_check
    Oh my goodness I didn't know you had paid so much off in so little time!! Well done, that's amazing!! Shows in can be done aswell as having a life! Hope you're feeling better xxx
    25/01/2016 £18,675.63
    Current debt: £8,450
    • louby40
    • By louby40 26th Jun 17, 8:27 PM
    • 967 Posts
    • 2,676 Thanks
    louby40
    To be fair I've been paying my parents off for over 2 years since I moved in 2015.

    But the rest is correct. I've not bought myself much during this time. Started shopping at Aldi and really sticking to a budget has helped no end.

    My issue now is I will have no savings (apart from Christmas savings) once I've paid the builder and electrician so I need to start building that up again.
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £200/£1000. Christmas savings £400/£600
    Kitchen July £12,493 Aug £11,993
    Barclaycard £610
    Car loan £3666 Mortgage £96,981
    • Chandelier.
    • By Chandelier. 27th Jun 17, 10:59 AM
    • 462 Posts
    • 1,232 Thanks
    Chandelier.
    Louby looking at those figures you've done fantastic! If you've managed to do that in a year, I'm sure that you'll have made further indentations to the kitchen debt by next year. At least it's all on 0% and for something that's needed rather then a big amount of unnecessary spends.

    Could you perhaps save up another small buffer over the next few months before tackling the debt full force?

    I'll be subscribing to your diary
    • louby40
    • By louby40 28th Jun 17, 3:41 PM
    • 967 Posts
    • 2,676 Thanks
    louby40
    :Parents loan paid off
    :I
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £200/£1000. Christmas savings £400/£600
    Kitchen July £12,493 Aug £11,993
    Barclaycard £610
    Car loan £3666 Mortgage £96,981
    • mummytogirls
    • By mummytogirls 28th Jun 17, 4:01 PM
    • 5,230 Posts
    • 15,336 Thanks
    mummytogirls
    Great news Louby, well done!!! How you feeling? xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £7586.76 - 31/05/17 - 67.25% paid off
    • louby40
    • By louby40 29th Jun 17, 2:51 PM
    • 967 Posts
    • 2,676 Thanks
    louby40
    I'm feeling well thanks. I'm just over 3 weeks post op and having to keep reminding myself that I've had major surgery. Apart from feeling a bit tired I feel more or less back to normal.

    My sicknote runs out with 3 days left of term and I shall probably go back for those 3 days. It will mean I can meet with my class, liase with their class teacher, prepare for next year ( I have to swap classrooms) and just generally remind myself about teaching lol.

    Our headteacher is also retiring so there are things I'd like to take part in regarding that.

    Sadly my school had a visit from Ofsted yesterday that's now turned into a 2 day inspection- I feel very guilty that I aren't there. But there is little I can do. I'm feeling a mixture of relief and guilt! Ofsted is horrible. I'm just hoping they've pulled it out of the bag today!
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £200/£1000. Christmas savings £400/£600
    Kitchen July £12,493 Aug £11,993
    Barclaycard £610
    Car loan £3666 Mortgage £96,981
    • louby40
    • By louby40 30th Jun 17, 1:05 PM
    • 967 Posts
    • 2,676 Thanks
    louby40
    Ofsted didn't go well. It's a horrible process especially when the inspector arrives with an agenda - but hey ho! We will rise up.

    Kitchen refurb is on the homeward stretch. All units are in (except one I've had to order at £149, not budgeted for ) worktops are on and hopefully a working sink by later on this afternoon. We've even had new sockets with USB charging points.

    Still to be done are:
    * cupboard doors fitted
    * oven, hob and extractor to be put in
    * splash back, upstands, cornice and kickboards fitted - should be totally up and running by next Tuesday!

    Then.....we wait for the flooring guys!

    I still need a new table and chairs - I've seen one I like in Next but it's £800 so I need to wait and see if I can save for that! We have an old table to tide us over, it's the one we drag out on Christmas Day

    So excited and also looking forward to getting my house back in order and not having workmen coming and going!
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £200/£1000. Christmas savings £400/£600
    Kitchen July £12,493 Aug £11,993
    Barclaycard £610
    Car loan £3666 Mortgage £96,981
    • louby40
    • By louby40 1st Jul 17, 5:42 PM
    • 967 Posts
    • 2,676 Thanks
    louby40
    Well after posting yesterday and going downstairs after the kitchen fitter had gone home at 5.30pm I now have...

    A working sink
    A cupboard doors on
    Splash back on
    Upstands on

    So Monday the electrician will also be here to sort our the hob, oven, extractor and dishwasher. Kitchen fitter needs to add the doors to those appliances and do a final adjustment so there are no gaps.

    I've been looking at paint and blinds - more money! I've already spent a bit on little extras, need to reign it in a bit and be patient!
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £200/£1000. Christmas savings £400/£600
    Kitchen July £12,493 Aug £11,993
    Barclaycard £610
    Car loan £3666 Mortgage £96,981
    • louby40
    • By louby40 2nd Jul 17, 5:21 PM
    • 967 Posts
    • 2,676 Thanks
    louby40
    12 NSD days in June, going to try and beat that in July!

    I've opened a new current account and am going to send a set amount over to it every month and keep my day to day spending from that card. So direct debits and standing orders will come out of my first current account and second current account is for food, fuel, cash and other debit card purchases. I've set it to £700 so will see how it goes.
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £200/£1000. Christmas savings £400/£600
    Kitchen July £12,493 Aug £11,993
    Barclaycard £610
    Car loan £3666 Mortgage £96,981
    • mummytogirls
    • By mummytogirls 2nd Jul 17, 9:33 PM
    • 5,230 Posts
    • 15,336 Thanks
    mummytogirls
    Oh no to the nasty O Louby, the thought of them should not put the fear of god into people, its just not right is it!! Will HMI be involved now?

    Sounds youve got a good plan there xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £7586.76 - 31/05/17 - 67.25% paid off
    • Honeysucklelou2
    • By Honeysucklelou2 3rd Jul 17, 7:49 AM
    • 248 Posts
    • 719 Thanks
    Honeysucklelou2
    Your poor head...to have OFSTED so close to retiring. Sorry to read that it didn't go well. Get as much rest as you can. Can you have help to move essential things over to your new classroom?

    Well done on achieving so much in a year since your LBM. Encouraging for all of us to read!
    paydbx #90 £275/£10,000.
    365 day penny challenge £37.66/£667.95
    Loan £17k in 2012- £570 in June 2017. Home improvement loans £3342 March 2017
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