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  • FIRST POST
    • louby40
    • By louby40 17th Jun 16, 7:57 AM
    • 1,188Posts
    • 3,262Thanks
    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 now £250 Oct 17
    £5500 left on my car loan (ends in Jan 2019) now £3084 Oct 17
    £106,000 mortgage at £600 pm now £95,805 Oct 17
    £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; 29-10-2017 at 3:56 PM.
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £100/600
    Kitchen July £12,493 NOV £10,493. 18% paid off
    Barclaycard £142
    Car loan £2696 Mortgage £94,992
    TOTAL DEBT (with mortgage) = £108,323 (without mortgage) = £13,331
Page 33
    • Honeysucklelou2
    • By Honeysucklelou2 14th Nov 17, 11:14 PM
    • 510 Posts
    • 1,897 Thanks
    Honeysucklelou2
    Hope the lesson goes well. I've got one next week, just had the learning walk last week, it's all go!
    paydbx #90 £475/£10,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • louby40
    • By louby40 18th Nov 17, 1:20 PM
    • 1,188 Posts
    • 3,262 Thanks
    louby40
    Lesson observation went really well and I had postive feedback from the head. Went home Thursday evening and then spent the night either in the bathroom vomiting or lying on the bed.

    Felt truly rotten. Went into school (silly I know but teachers are renowned for not staying at home) battled through the day and went home at 4pm. Cancelled on my friend who I was supposed to be seeing for drinks and a meal, fell asleep for 8 hours and woke up this morning feeling much better.

    DP and I have just done the food shop and a bit of Christmas shopping too. I went into Sainsbury's and Doubled up my Nectar points so basically got £20 for £10 worth of points. We bought some wine for Christmas (if it lasts that long )
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £100/600
    Kitchen July £12,493 NOV £10,493. 18% paid off
    Barclaycard £142
    Car loan £2696 Mortgage £94,992
    TOTAL DEBT (with mortgage) = £108,323 (without mortgage) = £13,331
    • Honeysucklelou2
    • By Honeysucklelou2 18th Nov 17, 3:01 PM
    • 510 Posts
    • 1,897 Thanks
    Honeysucklelou2
    Glad your lesson observations went well. There are a few horrible bugs going around my school at the moment. Hope you are feeling better soon.
    paydbx #90 £475/£10,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • louby40
    • By louby40 19th Nov 17, 4:12 PM
    • 1,188 Posts
    • 3,262 Thanks
    louby40
    Felt grottier and grottier as the day went on and woke in the night feeling awful.

    Had a ton of work to do today so I’ve spent most of the day doing that, plus the ironing and a bit of Mum-taxi duties. Thank heavens for my DP making lunch, not that I’ve been feeling that hungry!
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £100/600
    Kitchen July £12,493 NOV £10,493. 18% paid off
    Barclaycard £142
    Car loan £2696 Mortgage £94,992
    TOTAL DEBT (with mortgage) = £108,323 (without mortgage) = £13,331
    • louby40
    • By louby40 19th Nov 17, 4:28 PM
    • 1,188 Posts
    • 3,262 Thanks
    louby40
    Low spends this week
    Mon - NSD 7
    Tues - NSD 8
    Wed - NSD 9
    Thu - NSD 10
    Fri - NSD 11
    Sat - Aldi £62.27
    Fuel £30
    Morrisons £12 (Christmas spends)
    Amazon £20 (Christmas spends)
    Sun -NSD 12

    Total spends £92.27. Christmas £32

    Payday is 9 days away and I’m getting close to being spent up.
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £100/600
    Kitchen July £12,493 NOV £10,493. 18% paid off
    Barclaycard £142
    Car loan £2696 Mortgage £94,992
    TOTAL DEBT (with mortgage) = £108,323 (without mortgage) = £13,331
    • SpekySquarehead
    • By SpekySquarehead 22nd Nov 17, 8:57 AM
    • 1,757 Posts
    • 13,800 Thanks
    SpekySquarehead
    Morning Louby,

    That's an excellent week you've had! Are you finding you're consistently around £60 for a weeks worth of food? I try and play a game with myself to see if I can get a weeks worth of shopping cheaper than I did the week previous.

    You all sorted for Xmas?
    Debt Free Date: 29/09/16
    • louby40
    • By louby40 24th Nov 17, 9:45 PM
    • 1,188 Posts
    • 3,262 Thanks
    louby40
    Speky it’s between 50-60 a week for food.

    We eat well, plan meals and have little wastage. We freeze any leftovers.

    This weekend we are off to Manchester, Christmas markets, meal at Jamie’s and then seeing John Bishop. Can’t wait!
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £100/600
    Kitchen July £12,493 NOV £10,493. 18% paid off
    Barclaycard £142
    Car loan £2696 Mortgage £94,992
    TOTAL DEBT (with mortgage) = £108,323 (without mortgage) = £13,331
    • mummytogirls
    • By mummytogirls 25th Nov 17, 10:19 AM
    • 5,611 Posts
    • 18,426 Thanks
    mummytogirls
    Great run of NSD's for you Louby, well done xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
    • louby40
    • By louby40 26th Nov 17, 5:50 PM
    • 1,188 Posts
    • 3,262 Thanks
    louby40
    Great time in Manchester! The weather was grotty but we just kept dodging the rain.

    Meal was fab and John Bishop brilliant.

    Spends this week
    Mon- NSD (13)
    Tue- NSD (14)
    Wed £35 - Amazon - treated myself to an Echo Dot
    Thur - £7.75 Aldi
    Fri - £10 cash
    Sat - £34.72 meal
    Sun - £8.95 Morrisons
    £ 27.26 Aldi
    £35 Amazon (Christmas)

    Total spend = £123.68

    Low spend at Aldi as we've gone through the freezer and plan on using up tons of leftovers.

    Payday on Wednesday and my son is 18 on the 10th Dec so extra spends there! Excited though.
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £100/600
    Kitchen July £12,493 NOV £10,493. 18% paid off
    Barclaycard £142
    Car loan £2696 Mortgage £94,992
    TOTAL DEBT (with mortgage) = £108,323 (without mortgage) = £13,331
    • mummytogirls
    • By mummytogirls 26th Nov 17, 7:00 PM
    • 5,611 Posts
    • 18,426 Thanks
    mummytogirls
    Manchester sounds great Louby, have a great week xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
    • SpekySquarehead
    • By SpekySquarehead 28th Nov 17, 9:05 AM
    • 1,757 Posts
    • 13,800 Thanks
    SpekySquarehead
    Louby - What you got you planned for hid B/D?

    Glad you enjoyed Manchester
    Debt Free Date: 29/09/16
    • louby40
    • By louby40 28th Nov 17, 4:33 PM
    • 1,188 Posts
    • 3,262 Thanks
    louby40
    Birthday wise my son will not commit to anything. I’ve suggested a big family meal (including his dads side who I still get on with) or a little family tea, a meal out just us.

    He won’t commit! So I’ve bought some banners and balloons and will buy some Prosecco and cake for anyone that calls round.

    He’s having a car (paid and insured by me and his dad) so that’s his present really.
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £100/600
    Kitchen July £12,493 NOV £10,493. 18% paid off
    Barclaycard £142
    Car loan £2696 Mortgage £94,992
    TOTAL DEBT (with mortgage) = £108,323 (without mortgage) = £13,331
    • louby40
    • By louby40 29th Nov 17, 7:33 AM
    • 1,188 Posts
    • 3,262 Thanks
    louby40
    Well today is payday. All money has been assigned in YNAB and it will certainly be a tight month - that’s with a Christmas budget too!

    Worryingly I get paid again on the 13th December and then have to wait until the 31st January to be paid. Nightmare! I shall have to be very strong to resist touching Decembers pay.

    I will also lose £100 a month from January because my ex husband will stop paying maintenance for my eldest son. I knew it was coming but it still stings.

    Ahh well. This is life. Luckily I’m more financially stable than I was 2/3 years ago so I will cut my cloth.
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £100/600
    Kitchen July £12,493 NOV £10,493. 18% paid off
    Barclaycard £142
    Car loan £2696 Mortgage £94,992
    TOTAL DEBT (with mortgage) = £108,323 (without mortgage) = £13,331
    • louby40
    • By louby40 29th Nov 17, 6:04 PM
    • 1,188 Posts
    • 3,262 Thanks
    louby40
    At last I’ve just cashed out £25 from Opinium - it was pretty good time wise.

    I’m still £4 off a £40 payout from OnePoll - it really is a slow survey site but stuck with it because it’s consistent and you don’t get kicked off. After this initial £40 it will be £25 payout which may be better.
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £100/600
    Kitchen July £12,493 NOV £10,493. 18% paid off
    Barclaycard £142
    Car loan £2696 Mortgage £94,992
    TOTAL DEBT (with mortgage) = £108,323 (without mortgage) = £13,331
    • louby40
    • By louby40 1st Dec 17, 9:17 PM
    • 1,188 Posts
    • 3,262 Thanks
    louby40
    Oooo it’s the weekend!! Tomorrow we’re putting the tree up and finishing off the Christmas shopping!

    Nearly there!
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £100/600
    Kitchen July £12,493 NOV £10,493. 18% paid off
    Barclaycard £142
    Car loan £2696 Mortgage £94,992
    TOTAL DEBT (with mortgage) = £108,323 (without mortgage) = £13,331
    • Honeysucklelou2
    • By Honeysucklelou2 3rd Dec 17, 1:39 AM
    • 510 Posts
    • 1,897 Thanks
    Honeysucklelou2
    Wow, you get paid before Christmas? Payday for me is always last day of the month with no changes for December. Interesting to see how things vary around the country.
    paydbx #90 £475/£10,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • louby40
    • By louby40 3rd Dec 17, 10:00 AM
    • 1,188 Posts
    • 3,262 Thanks
    louby40
    We usually get paid the last Wednesday of the month but Decembers pay is always the Wednesday of the week before we finish.

    Before I was more MS I would spend loads of it then use my overdraft in January, now I transfer it to my savings then move it back on my ‘official’ payday. It’s worked well the past couple of years.

    But January will be tight.
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £100/600
    Kitchen July £12,493 NOV £10,493. 18% paid off
    Barclaycard £142
    Car loan £2696 Mortgage £94,992
    TOTAL DEBT (with mortgage) = £108,323 (without mortgage) = £13,331
    • louby40
    • By louby40 3rd Dec 17, 11:47 AM
    • 1,188 Posts
    • 3,262 Thanks
    louby40
    Of course a spendy weekend and my Christmas budget hasn't stretched as far as i would like so I've had to dip into my savings.

    17 NSD for November which i think is my BEST month ever!!

    Monday NSD (15)
    Tuesday £47 - hair (colour & cut)
    £7.50 scarf (Sainsburys 25% off) christmas gift
    Weds NSD (16)
    Thur NSD (17)
    Fri £39 Aldi (DP did the meal plan and list ! )
    Sat £39 Tesco, wine, beer and cake for sons birthday next Sun
    £7 BM balloons, selection boxes
    £12 Next Christmas gift
    £27 B & Q - lampshade and toilet seat
    Sun NSD (1)

    TOTAL : £152 inc Christmas £171.50

    I still have a few things to get. But nearly there.

    Have set up a regular saver with First Direct - £50 a month, can't touch it otheriwse I don't get the interest. 5% - it won't be much but it stops me spending it. It will be paid on the 1st Dec 2018.
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £100/600
    Kitchen July £12,493 NOV £10,493. 18% paid off
    Barclaycard £142
    Car loan £2696 Mortgage £94,992
    TOTAL DEBT (with mortgage) = £108,323 (without mortgage) = £13,331
    • SpekySquarehead
    • By SpekySquarehead 5th Dec 17, 9:15 AM
    • 1,757 Posts
    • 13,800 Thanks
    SpekySquarehead
    That's a great idea Louby with the savings account. Will that be your Xmas spending money next year?

    Huge well done on the November NSD. And a great month to break your own record too!
    Debt Free Date: 29/09/16
    • louby40
    • By louby40 5th Dec 17, 9:54 PM
    • 1,188 Posts
    • 3,262 Thanks
    louby40
    Christmas savings will be £600. I didn’t quite get to that this year, I dipped into it with doing my kitchen.

    Next year I shall be more saving savvy! At the end of December I will have paid 25% of my kitchen debt off! Amazing really.

    I still need blinds and a new table & chairs but I want to save for them and my savings pot needs a boost first.
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £50/£600 Car maintenance £100/600
    Kitchen July £12,493 NOV £10,493. 18% paid off
    Barclaycard £142
    Car loan £2696 Mortgage £94,992
    TOTAL DEBT (with mortgage) = £108,323 (without mortgage) = £13,331
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