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  • FIRST POST
    • louby40
    • By louby40 17th Jun 16, 7:57 AM
    • 1,010Posts
    • 2,803Thanks
    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 Aug £11,993. Sept. Oct. Nov. Dec
    Barclaycard £522
    Car loan £3472 Mortgage £96,589
Page 24
    • crunch_time
    • By crunch_time 3rd Jul 17, 5:47 PM
    • 949 Posts
    • 2,378 Thanks
    crunch_time
    Just catching up! Can't believe how much debt you have paid off in a year! Well done!

    Glad you are feeling better and are on the mend.

    Crunchy xx
    LBM June 2014.
    Original debt £23,555 vs Now £0

    PAYDBX 2017 - #85 £12,675/£2800 77% Paid!! (Currently on hold due to......)
    Husbands Credit card (0%)£3020 My Credit card (0%) £1176
    Savings pot £550 Long term savings (finally) £840
    • louby40
    • By louby40 3rd Jul 17, 6:48 PM
    • 1,010 Posts
    • 2,803 Thanks
    louby40
    Don't know about HMI. It's not quite that bad. But in 18 months to 2 years we will have another visit from Ofsted!
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 Aug £11,993. Sept. Oct. Nov. Dec
    Barclaycard £522
    Car loan £3472 Mortgage £96,589
    • SpekySquarehead
    • By SpekySquarehead 4th Jul 17, 9:38 AM
    • 1,598 Posts
    • 12,398 Thanks
    SpekySquarehead
    Morning Louby,

    Good idea with the split in accounts. I used to do that before I used YNAB and it worked well. Gave me peace of mind to know that the important things were covered and what I then had left for all other spends.

    Hope you're loving the kitchen!
    Debt Free Date: 29/09/16
    NSD (5/15)
    • louby40
    • By louby40 5th Jul 17, 4:47 AM
    • 1,010 Posts
    • 2,803 Thanks
    louby40
    Woke up at 4am thinking about my kitchen. It was finished yesterday, bar the floor which is being fitted at the end of the week.

    It is fabulous - I love it so much. I paid the builder and electrician before they left yesterday and the electrician knocked me £200 off for cash! I was so chuffed. I know I should probably pay it off the debt but I'm going to put it towards new kitchen blinds. I was going to wait until September to buy them but now I can order them earlier.

    That's always been one of my problems that has seen me get into debt, I have no patience and want things NOW, today! I think I've learnt to curb that since my LBM and will mull it over more, try and find a cheaper price for something and very often just wait. I'm definitely more patient.

    I did a bit too much lifting, moving and sorting yesterday - my operation was only 4 weeks ago and they do warn you about doing too much too soon. My DP went to see Radiohead in Manchester yesterday so he wasn't about to help. No doubt he will come home later and get stuck in - still a few bits and pieces to sort out.

    Need to think what to have for tea tonight!
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 Aug £11,993. Sept. Oct. Nov. Dec
    Barclaycard £522
    Car loan £3472 Mortgage £96,589
    • Lucylocks
    • By Lucylocks 5th Jul 17, 7:18 AM
    • 92 Posts
    • 194 Thanks
    Lucylocks
    I had a new kitchen last year and am still totally besotted with it

    It's so nice to have something tangible to show for the many £0000's I've racked up over the years and to be honest, now that the house is less of a sh!t pit it makes it easier to budget - it's nice to cook at home, I'm happy to have people over rather than go out and you've got the space and storage to be able to put things away rather than have to confine bits to the garage where I invariably forget them and buy new again. Now if only I could kick my kitchenaid obsession I'd be quids in
    LBM 28/3/17 £24,971 28/6/17 £14,376 42% paid
    • louby40
    • By louby40 5th Jul 17, 5:00 PM
    • 1,010 Posts
    • 2,803 Thanks
    louby40
    Lucy you're totally right, I was so embarrassed about my kitchen, never had people round - but now I can!

    I can't wait for the floor to go down!
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 Aug £11,993. Sept. Oct. Nov. Dec
    Barclaycard £522
    Car loan £3472 Mortgage £96,589
    • SpekySquarehead
    • By SpekySquarehead 6th Jul 17, 9:03 AM
    • 1,598 Posts
    • 12,398 Thanks
    SpekySquarehead
    So when's the party?
    Debt Free Date: 29/09/16
    NSD (5/15)
    • Chandelier.
    • By Chandelier. 6th Jul 17, 11:19 AM
    • 490 Posts
    • 1,321 Thanks
    Chandelier.
    That was nice of the electrician, at least you have the funds now to buy them blinds
    • louby40
    • By louby40 6th Jul 17, 6:40 PM
    • 1,010 Posts
    • 2,803 Thanks
    louby40
    Chandelier they are ordered! 5% discount off the company and 9.45% off via TopCashback - I've saved over £30!

    It takes them under £200!

    I have £82 waiting to clear in TCB and £116 to be refunded from First Utility from switching energy providers. So I could have afforded them anyway! I love making my money work.,
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 Aug £11,993. Sept. Oct. Nov. Dec
    Barclaycard £522
    Car loan £3472 Mortgage £96,589
    • mummytogirls
    • By mummytogirls 6th Jul 17, 7:17 PM
    • 5,287 Posts
    • 15,813 Thanks
    mummytogirls
    Yay to the kitchen Louby . Was going to recommend a reasonable blind company but seems youve already got that sorted

    Yay to the extra money xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £7586.76 - 31/05/17 - 67.25% paid off
    • louby40
    • By louby40 7th Jul 17, 6:41 PM
    • 1,010 Posts
    • 2,803 Thanks
    louby40
    I'm now officially skint. All my money for my kitchen is spent! Floor will be completed tomorrow - I've also bought a new clock, microwave, kettle, toaster, tea & coffee caddies, mats for the door, new saucepans, baking trays, oven gloves and washing up bowl and blinds are on order!

    That's it - money gone! So pleased with it. Just need to save up for a table and chairs now!

    And start paying for the kitchen....
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 Aug £11,993. Sept. Oct. Nov. Dec
    Barclaycard £522
    Car loan £3472 Mortgage £96,589
    • louby40
    • By louby40 9th Jul 17, 6:47 AM
    • 1,010 Posts
    • 2,803 Thanks
    louby40
    4 NSD in July so far. Hoping for more, I did 12 in June so 14 would be good. I really don't need anything now and bits I do need can wait.

    The floor is finished and it looks really good, it's like Karndean but not as expensive, it looks like planks of oak but is actually posh Lino and it really finishes the kitchen off.

    It's so funny because we put everything away in there, DP was sweeping up after tea, even the kids are keeping it tidy - pity they don't do the same in their rooms.

    After lunch we went for a 5km walk along the canal and when we got back DP watched the Tour de France then the cricket whilst I made a curry - so easy now to reach everything, music on and I was away. DP is making roast beef tomorrow!!!

    Rounded the evening off catching up on some TV!
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 Aug £11,993. Sept. Oct. Nov. Dec
    Barclaycard £522
    Car loan £3472 Mortgage £96,589
    • SpekySquarehead
    • By SpekySquarehead 10th Jul 17, 8:47 AM
    • 1,598 Posts
    • 12,398 Thanks
    SpekySquarehead
    Louby, the kitchen sounds lovely and hope the cleaning up continues too.
    Debt Free Date: 29/09/16
    NSD (5/15)
    • louby40
    • By louby40 10th Jul 17, 8:46 PM
    • 1,010 Posts
    • 2,803 Thanks
    louby40
    5 NSD today! Bit of a boring day really. Did a bit of cleaning and sorted some bits out in the garage.

    Five weeks post op and I'm definitely bored now. I have 7 days left until my sick note runs out, then I'm going back to work for the last 3 days of term. It will give me time to do some preparation for September and spend some time with my new class.

    We've booked a week in Cornwall at the end of August, just me and DP. My boys are going away with their dad so we decided to book a cheap b & b near St Austell. I've not been to Cornwall for years so it should be good. We shall take our walking stuff and if the weather isn't great we have that option. Be nice to lie on the beach too but this is the UK so I'm under no illusions.
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 Aug £11,993. Sept. Oct. Nov. Dec
    Barclaycard £522
    Car loan £3472 Mortgage £96,589
    • louby40
    • By louby40 11th Jul 17, 6:28 AM
    • 1,010 Posts
    • 2,803 Thanks
    louby40
    It's 14 days to payday and I want it to be here now! I'm eager to start paying off my kitchen and start using my new debit card system. I've stretched myself a bit much this month which I'm annoyed about.

    I've dipped into my overdraft slightly, but I have a refund coming in from my old energy company, I switched providers and they owe me a bit so that should help out. I could use a bit of my savings for my overdraft but the first £250 is free so it's not worth it. I'm also owed £113 from TopCashback which is waiting to be confirmed.

    I know we shouldn't wish our lives away.
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 Aug £11,993. Sept. Oct. Nov. Dec
    Barclaycard £522
    Car loan £3472 Mortgage £96,589
    • Chandelier.
    • By Chandelier. 11th Jul 17, 10:04 AM
    • 490 Posts
    • 1,321 Thanks
    Chandelier.
    No we definitely shouldn't wish our lives away but I'm exactly the same when waiting for payday and wanting to make indents to the debt!

    The trip to Cornwall sounds lovely and is probably just what you need

    Great stuff regarding earnings from TCB and the refund from old energy supplier.
    Check out my Diary
    • louby40
    • By louby40 12th Jul 17, 3:34 PM
    • 1,010 Posts
    • 2,803 Thanks
    louby40
    8 NSD

    I've decided that being money saving is only achieved by going that extra mile and being totally on the ball.

    My kitchen is finished and looking wonderful. There were 2 items unused left in the garage, both still in packaging and with a barcode. One was an oak upstand and another was a kickboard. I've taken them back to Wickes this afternoon and got a £56 refund!!! For 2 pieces of wood! I could have let them just rot in the corner of my garage but I took 20 minutes out of my day to return them. So pleased with that refund!

    I also read on a Weight Watchers FB forum that if you joined between certain dates and lost 10lb in 8 weeks ( both of which I did) they will refund you 2 months back = £24. So I've filled the form out and duly emailed it on! WW may reject my claim (they do apparently) but it's worth a shot.

    So potentiallly £78 back in my account for just a tiny bit of effort.

    I've also gone back onto Prolific Acaademic and made £26 there in 2 days!

    Go me
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 Aug £11,993. Sept. Oct. Nov. Dec
    Barclaycard £522
    Car loan £3472 Mortgage £96,589
    • louby40
    • By louby40 13th Jul 17, 6:51 PM
    • 1,010 Posts
    • 2,803 Thanks
    louby40
    9 NSD & 12 days to payday

    Have dipped into my overdraft - not by much. Don't like doing it really but needs must sometimes.

    I've been into school this afternoon for a meeting, made me realise how I need to use my brain. I certainly aren't ready to retire quite yet and although my job can be very stressful and demanding I love it dearly!
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 Aug £11,993. Sept. Oct. Nov. Dec
    Barclaycard £522
    Car loan £3472 Mortgage £96,589
    • louby40
    • By louby40 15th Jul 17, 10:56 AM
    • 1,010 Posts
    • 2,803 Thanks
    louby40
    9 NSD & 10 days to pay day.

    Nipped out this morning to get some more wrapping paper for my class' presents, also bought some thank you cards for my TA and other people who have supported me over the year. I bought Prosecco from Aldi yesterday (cheapest place at £5.52) for gifts and bought another gift for my teaching assistant from Amazon last week, it was only £8.45 with free postage.

    It's one of those tea pots and cups together in a really pretty floral pattern. - she loves tea! I'm also going to gather a few other bits e.g scones, jam, cream to make into a cream tea gift!

    Spent £52 in Aldi but £13 of that was on alcohol for gifts so only £39 really! We're using stuff out of the freezer and cupboard this week to eek out the food budget.

    Rainy and miserable here so think it will be a TV catch-up day.
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 Aug £11,993. Sept. Oct. Nov. Dec
    Barclaycard £522
    Car loan £3472 Mortgage £96,589
    • mummytogirls
    • By mummytogirls 15th Jul 17, 3:35 PM
    • 5,287 Posts
    • 15,813 Thanks
    mummytogirls
    So you will be looking forward to going back to work then Louby .. not long and then a lovely 6 weeks off.

    Shopping amount sounds good xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £7586.76 - 31/05/17 - 67.25% paid off
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