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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 29
    • SusieT78
    • By SusieT78 24th Aug 17, 11:26 PM
    • 52 Posts
    • 98 Thanks
    SusieT78
    Hi Louby,

    I'm returning your visit to my diary. I've read yours from beginning to end and it's very inspirational seeing how much debt you paid off in a year, and how comitted and organised you have been in doing it.
    I know you've taken on some additional debt for your kitchen but it sounds like it's added value to your house and made you happier to be at home, and it sounds like you have a plan to get that paid of before the 0% runs out.
    I hope you've fully recovered from your surgery now and are having a fab time on your Cornwall break.
    • louby40
    • By louby40 2nd Sep 17, 5:31 PM
    • 1,078 Posts
    • 2,996 Thanks
    louby40
    Ahhh thank you Susie.

    We have come back from a really great holiday in Cornwall. We went for 9 days and spent 5 days on the beach - it was fantastic. Other days were spent either walking or sightseeing. DP and I took it in turns to pay each day so I ended up with 15 NSD for August!!

    I spent about £250 on food/days out etc and £230 on the b & b so not bad.

    Washer has been on overtime since we came back and managed to peg out too. Spent £60 in Aldi but no alcohol or meat in that really, we need to nip to Tesco tomorrow for extra bits.

    Uniform for my youngest son is sorted, he goes into Year 10 this time. I shall see if I can get another pack of school shirts in Tesco tomorrow.

    Paid off 12% of my kitchen now. Paid £400 off my CC which had crept up slightly because of my sons carpet. I need to clear that before Christmas ideally!

    Nice to be back but now need to get my head around school!
    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
    • Honeysucklelou2
    • By Honeysucklelou2 2nd Sep 17, 10:01 PM
    • 373 Posts
    • 1,097 Thanks
    Honeysucklelou2
    Well done on the 15 NSDs and paying off 12% of the kitchen already! Glad you enjoyed your holiday. Did you cover lots of Cornwall or just one part?

    All the best for the new term.
    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 3rd Sep 17, 9:44 AM
    • 1,078 Posts
    • 2,996 Thanks
    louby40
    Honeysuckle, we stayed near Charlestown which was lovely. We did spend a day down at Lizard Point and went to watch a play at the Minnack theatre. Totallly fell in love with Cornwall.
    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
    • Cumbria lass
    • By Cumbria lass 3rd Sep 17, 9:48 AM
    • 472 Posts
    • 1,164 Thanks
    Cumbria lass
    Love Cornwall for hols you can't go wrong.

    On the handbag thing on PSL's page , I love handbags but can't justify spending the money on them anymore . I have sold a few in recent years. However my gran always had new to her handbags . She just went to charity shops and found one she liked, kept it for a couple of months , took it back to a charity shop and bought another . My favourite bag now is a black leather one bought for £7.50 in a charity shop .
    Aug 2017 CC1 £3549 CC 2 £1000

    Debt Free Nov 2019: earlier if I have my way
    • louby40
    • By louby40 3rd Sep 17, 2:42 PM
    • 1,078 Posts
    • 2,996 Thanks
    louby40
    Today has been sorting out washing and putting stuff away. Nipped to Tesco and a couple of other shops to buy a few other bits and pieces.

    Just been re-capping on my planning for next week - tomorrow is first day back at work for 3 months - bar the 3 days i went in at the end of term.

    We have a new headteacher starting tomorrow - we know he is going to do some sort of ice-breaker activities tomorrow for our Inset day and some of us aren't impressed. We normally have a quick whole staff meeting in the morning and then spend time in classrooms in the afternoon. We don't need to break any ice - we've all known and worked together for years! I'm hoping it's just his way of getting to know us!

    Willing to go along with it of course but hoping he isn't going to make loads of changes!

    Money wise everything is paid and sorted. Hoping September is going to be a low spend 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
    • Honeysucklelou2
    • By Honeysucklelou2 3rd Sep 17, 10:42 PM
    • 373 Posts
    • 1,097 Thanks
    Honeysucklelou2
    In a similar boat here Louby. Waiting to see what will change and what will stay the same!

    Charlestown...isn't that where some of the Poldark harbour scenes were shot?
    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 4th Sep 17, 6:49 PM
    • 1,078 Posts
    • 2,996 Thanks
    louby40
    It certainly is Honey! We had a meal there and a wander around the harbour. Loved it!

    Well today has gone ok. The poor man has very big shoes to fill as our last Head was brilliant. Not totally sure about him yet, but we shall see.

    Nice to catch up with everyone though. Tomorrow is when the real work starts!
    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 5th Sep 17, 8:55 AM
    • 1,650 Posts
    • 12,809 Thanks
    SpekySquarehead
    Hope today isn't too tricky for you and the new Head turns out to be a good boss. Always a tentative time.

    Meant to ask, have you got a date in mind you'd like the kitchen paid off?
    Debt Free Date: 29/09/16
    • louby40
    • By louby40 5th Sep 17, 7:52 PM
    • 1,078 Posts
    • 2,996 Thanks
    louby40
    I've got 2 years to pay it off - so July 2019 is the end date. It's on 0% . I'd like to pay it off sooner but currently my savings have gone as I've spent it on my sons carpet, so I need to build that up again.

    My CC is at £400 so I need to get that gone too. That's my only debt other than the kitchen, car and mortgage.
    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 6th Sep 17, 9:39 PM
    • 1,078 Posts
    • 2,996 Thanks
    louby40
    Ha ha..... laughing at my comment above.... that's the only debt....

    I'm surrounded by debt BUT it's less than when I started my journey and I have things to show for it.

    Back at school good and proper now. Lovely class, 5 year olds so still cute and soak up information like sponges. Forgot how much there is to do on a day to day basis plus we have a new head so got to be on the ball.

    He's impressing us so far. All is good.
    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 8th Sep 17, 8:40 PM
    • 5,411 Posts
    • 16,474 Thanks
    mummytogirls
    Im glad your first week back has gone well Louby xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
    • louby40
    • By louby40 9th Sep 17, 2:41 PM
    • 1,078 Posts
    • 2,996 Thanks
    louby40
    Well it's the weekend and I was so tired last night.

    Enjoyed my first full week back at work for 3 months. Forgot how hard it can get, juggling all the different subjects, but soon back into it.

    Our new headteacher seems nice. He's introduced a few new things, mostly with assemblies and how we come into school. He bought a big tub of chocolates on Friday to say thank you for being so welcoming which was a lovely gesture.

    Money wise all is good. Spend £50 in Aldi, then £17 in Morrisons - but £10 of that was on a cardigan for work. My black cardi has a hole in it and paint on the sleeve - I've had it about 6 yrs so I'm definitely due a new one.

    Spent about £50 on my youngest this week, 3 books for English and a Biology event where they get to be surgeons for the day! He's starting his GCSEs this year, he's in top sets for everything and could do really well if he pushes himself.

    Only me and DP about for tea so I think we're eating left overs!
    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
    • Honeysucklelou2
    • By Honeysucklelou2 9th Sep 17, 11:23 PM
    • 373 Posts
    • 1,097 Thanks
    Honeysucklelou2
    Glad you had a good first week. That age group are the best...my favourite! What a nice thing for the Head to do. Chocolate and cake always welcome...!
    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
    • mummytogirls
    • By mummytogirls 10th Sep 17, 11:01 AM
    • 5,411 Posts
    • 16,474 Thanks
    mummytogirls
    So glad your first week back went well Louby. Our head likes to put chocs and biscuits in the staff room too which I always appreciate xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
    • louby40
    • By louby40 10th Sep 17, 11:36 AM
    • 1,078 Posts
    • 2,996 Thanks
    louby40
    Can't beat chocolate. Need to knuckle under with the healthier eating though now, it's not been terrible this week but not brilliant either. Lost a bit of mojo with the gym - maybe because I've been focusing on work so much - hopefully it will come back. I've got a spin class booked for Wednesday.

    3 NSD days this week and 4 in total for September. All is good with the budget. Need to keep a tight reign on it though. Pay day is in 16 days! Need to book my car in for its MOT before the end of September.

    Right....the ironing is calling!
    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 12th Sep 17, 6:04 PM
    • 1,078 Posts
    • 2,996 Thanks
    louby40
    The days are whizzing by. Tuesday is done already...nearly!

    So busy at work, getting used to my new class and a new classroom. Enjoying it though.

    Budget is looking ok so far with 2 weeks to payday. Nights and mornings are getting darker though which is depressing. I hate winter and being cold
    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 13th Sep 17, 8:35 AM
    • 1,650 Posts
    • 12,809 Thanks
    SpekySquarehead
    Louby - I actually enjoy the early nights. It reminds me that Christmas is coming which I just love. Speaking of which, are you on track to save your £600 for xmas with all that's going on?
    Debt Free Date: 29/09/16
    • louby40
    • By louby40 13th Sep 17, 5:51 PM
    • 1,078 Posts
    • 2,996 Thanks
    louby40
    Hi Speky, yes I save £50 a month and I'm on track so far. From the 1 st Dec I'm going to start another savings account with First Direct - they do one that you can't touch for 12 months so that's a good incentive not to dip into it - not that I do anyway.

    I've also started saving £50 a month now towards future car bills, plus house insurance which I shall start using from next May. I want to pay for things yearly instead of monthly so I've started putting that away, only got £50 so far but it will soon mount up.

    I'm pleased with my spending and saving this year. I just now need to increase my savings.

    Canceled the gym class, slept terrible last night with the howling rain, not to mention next doors stupid wind chimes and my increasing night sweats/flushes- totally worn out. May go out for a walk in a min if the rain stays away.

    6 NSD! 13 days till pay day and £260 left in the spending account.
    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 14th Sep 17, 9:00 AM
    • 1,650 Posts
    • 12,809 Thanks
    SpekySquarehead
    Go you! Super organised and we all know the benefits of paying things off yearly - no interest!
    Debt Free Date: 29/09/16
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