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  • FIRST POST
    • louby40
    • By louby40 17th Jun 16, 7:57 AM
    • 1,101Posts
    • 3,059Thanks
    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 £730/£1000. Christmas savings £400/£600 Car maintenance £0/600
    Kitchen July £12,493 OCT £10,493. 18% paid off
    Barclaycard £300
    Car loan £2890 Mortgage £95,415
    TOTAL DEBT = £109,098
Page 31
    • Honeysucklelou2
    • By Honeysucklelou2 10th Oct 17, 8:04 PM
    • 435 Posts
    • 1,404 Thanks
    Honeysucklelou2
    That must be tough, day to day if others are feeling stressed. There's a lot to be said for being close to your place of work.
    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 10th Oct 17, 9:03 PM
    • 1,101 Posts
    • 3,059 Thanks
    louby40
    Honey I used to live a 35 minute drive across the city and it was a nightmare. I only moved because of the man I was seeing at the time. Most stupid (& expensive thing I ever did). I’ve been in my present house for just over 2 years after splitting with him in 2013. I love it.

    Our new head is a nice guy and I keep reminding myself he’s never been a Headteacher before, he’s got to learn and he must be feeling like he’s juggling a million plates, he obviously wants to make our school a success and a good place to learn and work.

    I’m willing to give him a chance. I’m feeling slightly under pressure but trying to keep my sensible head on. It’s not helped by training a student teacher who so far isn’t doing very well.

    Roll on half term.
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £730/£1000. Christmas savings £400/£600 Car maintenance £0/600
    Kitchen July £12,493 OCT £10,493. 18% paid off
    Barclaycard £300
    Car loan £2890 Mortgage £95,415
    TOTAL DEBT = £109,098
    • Honeysucklelou2
    • By Honeysucklelou2 10th Oct 17, 10:59 PM
    • 435 Posts
    • 1,404 Thanks
    Honeysucklelou2
    That's a lot going on then all at once. I also have a new Head on her first headship but so far it's all been reassuring and wanting to make things even better, so quite aspirational and making you feel that you want to give as much as possible.

    30 min drive here...I love the school but sometimes wish it was closer to home!
    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 15th Oct 17, 5:35 PM
    • 1,101 Posts
    • 3,059 Thanks
    louby40
    Busy week at work. Finally starting to feel better after a horrible cold and lingering cough.

    Very low spends this week

    Mon -NSD (5)
    Tues - NSD (6)
    Wed - £10 cash for my nephews birthday
    Thur -NSD (7)
    Fri - £20 meal out with friends
    £10 for my son
    £15 cash
    Sat - £11 Morrisons
    £ 56 Aldi
    Sun - NSD (8)

    Total = £122

    Next week is also set to be a low spend week. We’re off to a local theatre production on Friday but tickets were bought at the beginning of September.

    Then it’s half term and pay day plus a lunch out with friends, and 2 nights in London. Hotel and train already paid for just theatre tickets and meals to fork out for. Can’t wait!
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £730/£1000. Christmas savings £400/£600 Car maintenance £0/600
    Kitchen July £12,493 OCT £10,493. 18% paid off
    Barclaycard £300
    Car loan £2890 Mortgage £95,415
    TOTAL DEBT = £109,098
    • mummytogirls
    • By mummytogirls 15th Oct 17, 6:50 PM
    • 5,492 Posts
    • 16,992 Thanks
    mummytogirls
    Yay for nearly half term Louby xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
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