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  • FIRST POST
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 5th Jul 16, 12:59 PM
    • 201Posts
    • 403Thanks
    little_miss_spendtoomuch
    Must stop spending
    • #1
    • 5th Jul 16, 12:59 PM
    Must stop spending 5th Jul 16 at 12:59 PM
    Hello,

    I have been reading these threads for a few years now and been in debt most of my adult life.
    Until 2015 I was living way beyond my means and spending too much on credit cards so my debt was always increasing. In May 2015 I finally stopped and started to pay off my debt.
    In May last year my debt was at it's highest of £11685. I got a new job which helped me to make a dent and today my debt stands at £7647. Over the year I was also saving for my wedding abroad which has been and gone but I now have two more holidays booked. I know it's not sensible to go on holiday when I have debt but I need something to look forward to! My holidays just gone was the first time I have actually saved and paid for a holiday without putting it on a credit card.
    I currently pay around £300 each month dd to my 2 cards but am going to increase this to £550 a month to clear the debt sooner. I'm also putting £250-£300 a side for my two holidays. One is our honeymoon.
    I guess I'm starting this diary to keep motivated. I have been at this stage before where I want to stop spending and pay big chunks off but a few weeks later I am back where I started.
    Enough is enough now though and I want to get it cleared.
    I'm 30 and we want to move from our flat to a house and start a family.
    Really hoping that by doing this diary it will help me keep track of my spending and then I will see where those pennies disappear to each month...
Page 14
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 10th Jul 17, 9:36 AM
    • 201 Posts
    • 403 Thanks
    little_miss_spendtoomuch
    £200 went onto my credit card this morning bringing the balance down to £400.
    My total debt is now £2000

    I need a car. My new house is kind of out in the sticks. It was the only way we could afford a house. Originally I wanted a car to get me to the station everyday but my train ticket is already over £400 a month
    I'm not in walking distance of the station and there isn't a bus so my husband has been giving me a lift but it's two hours earlier than he needs to leave for work.

    I've been looking for new jobs nearby and have an interview this week. If I get the job I will need a new car asap.
    I don't know whether to buy brand new on finance or borrow from my bank or buy a really cheap old car or what. I haven't had a car for years coz I haven't needed one. I don't even know what cars are good.
    May 2015: £11685.56 / June 2017: £2200
    Credit card 1: £600
    Pay back : £1600 / £1800
    • abba1772
    • By abba1772 10th Jul 17, 2:04 PM
    • 3,751 Posts
    • 10,667 Thanks
    abba1772
    Car finance is dear so perhaps check with your bank as my friend just done this and was offered a car loan of 2.9% much better than the car finance deal which was 18.9% so it's better to shop about xx
    NEXT TARGET HALIFAX CC WAS July 17 £3572.57 NOW £5602.13
    POAMAYC 2011 £6382.66 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £8000.90
    POAMAYC 2017 £4119.13 / £6000
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 20th Jul 17, 7:15 AM
    • 201 Posts
    • 403 Thanks
    little_miss_spendtoomuch
    Moving house is exhausting! Every evening has been spent unpacking, tidying and sorting.
    We had quite a long snagging list so workmen have been coming round everyday and it's hard to get straight with work ongoing.
    We will get there eventually.
    The good news is I haven't spent much! We have bought a couple of bits of furniture but already had money saved.
    Had a nasty shock on Tuesday when our first mortgage payment came out! I thought it was coming out the 1st of each month but it turns out it still is so that's over 2k in two weeks luckily we just had enough in our account to cover it.
    Going to look at cars on Saturday
    May 2015: £11685.56 / June 2017: £2200
    Credit card 1: £600
    Pay back : £1600 / £1800
    • enthusiasticsaver
    • By enthusiasticsaver 20th Jul 17, 7:52 AM
    • 4,260 Posts
    • 7,691 Thanks
    enthusiasticsaver
    Car finance deals are expensive so don't be browbeaten into taking out an expensive pcp deal without researching first to see if cheaper way of doing it.
    Countdown to early retirement on 21.12.17 3 months to go.
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 20th Jul 17, 1:19 PM
    • 201 Posts
    • 403 Thanks
    little_miss_spendtoomuch
    Thank you. I'm weighing up my options at the moment. Looking at second hand and new. Had an appointment at the bank on Monday and talked about loans so lots to think about!
    May 2015: £11685.56 / June 2017: £2200
    Credit card 1: £600
    Pay back : £1600 / £1800
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 7th Aug 17, 7:07 AM
    • 201 Posts
    • 403 Thanks
    little_miss_spendtoomuch
    £100 dd went onto my cc this morning bringing my debt down to £300.
    I've got £400 saved towards the £1800 I borrowed from our savings.

    I bought a new car! A new car on finance. I know a lot of people will think I'm mad but I weighed up my options and this was he most affordable and I got a good deal. Problem was the insurance. I have 7 years no claims but because I haven't been a policy holder for he last 5 years I have lost them so my insurance is a lot more than I was anticipating

    I got a pay rise on Friday! I got offered a new job closer to home but more hours. When I told my current job I wanted to leave they offered me a pay rise
    May 2015: £11685.56 / June 2017: £2200
    Credit card 1: £600
    Pay back : £1600 / £1800
    • abba1772
    • By abba1772 7th Aug 17, 6:53 PM
    • 3,751 Posts
    • 10,667 Thanks
    abba1772
    That's fab news about the pay rise well done

    Know what you mean about the car insurance me and hubby will need to take it in turns to take out the car insurance sales so we don't lose our new claims xx
    NEXT TARGET HALIFAX CC WAS July 17 £3572.57 NOW £5602.13
    POAMAYC 2011 £6382.66 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £8000.90
    POAMAYC 2017 £4119.13 / £6000
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 8th Aug 17, 7:08 AM
    • 201 Posts
    • 403 Thanks
    little_miss_spendtoomuch
    That's a really good idea about taking it turns!! Wish I had known
    May 2015: £11685.56 / June 2017: £2200
    Credit card 1: £600
    Pay back : £1600 / £1800
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 6th Sep 17, 5:14 PM
    • 201 Posts
    • 403 Thanks
    little_miss_spendtoomuch
    £100 went into my credit card today which brings my total 'official debt' down to £200.
    I still owe our savings about £2000 - I've saved £500 so far.

    It's a lot harder now. Now that essentially I'm just paying myself back I don't have the same determination as I did when the debt was on credit cards.

    My train ticket is a lot more expensive now. £435 a month!

    We have been buying bits for the house but nothing on credit cards so only buying it when we can afford it.

    We've done well. So much better than when we moved into our flat. I got into so much debt back then.
    We still have some money saved back and really haven't bought much. We have used all our furniture from our flat. Luckily it all fit!

    We've booked another holiday! For next year. So that will be three in a row to Disney. Oops.

    So again each month will be a combination of saving for holiday and clearing debt.
    May 2015: £11685.56 / June 2017: £2200
    Credit card 1: £600
    Pay back : £1600 / £1800
    • abba1772
    • By abba1772 7th Sep 17, 8:12 AM
    • 3,751 Posts
    • 10,667 Thanks
    abba1772
    Ouch to the train ticket that's a lot of money xx
    NEXT TARGET HALIFAX CC WAS July 17 £3572.57 NOW £5602.13
    POAMAYC 2011 £6382.66 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £8000.90
    POAMAYC 2017 £4119.13 / £6000
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 9th Sep 17, 8:07 PM
    • 201 Posts
    • 403 Thanks
    little_miss_spendtoomuch
    It's awful isn't it! It's 30 minute train into London how can it cost that much?? It's used to be £330 before I moved towns

    I sometimes wonder if it is actually worth going to work!

    Ordered some new lights for our living room today. Will hopefully get them up next weekend. Just working out things to go on the walls and stuff. We need shelves and hooks to help with storage.

    We've still got money in savings which I'm very pleased about.

    It's my friends daughters 1st birthday coming up and I need to get a present.

    We had £90 in our joint acc to last until my husbands pay day on 22nd. Did a weeks food shop for £40 today so we should be ok!

    Need to get back on track and start aiming for some NSD's.
    May 2015: £11685.56 / June 2017: £2200
    Credit card 1: £600
    Pay back : £1600 / £1800
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