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  • FIRST POST
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 5th Jul 16, 12:59 PM
    • 215Posts
    • 432Thanks
    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 15
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 9th Oct 17, 9:22 AM
    • 215 Posts
    • 432 Thanks
    little_miss_spendtoomuch
    Thank you enthusiasticsaver I've definitely changed my ways! Yeh I feel like I have cheated a bit by taking some money from savings but I will pay it back. It feels good to clear the official debt
    May 2015: £11685.56 / June 2017: £2200
    Credit card 1: £600
    Pay back : £1600 / £1800
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 18th Oct 17, 5:10 PM
    • 215 Posts
    • 432 Thanks
    little_miss_spendtoomuch
    I got my statement for cc1 today and for the first time in forever the balance is 0.

    0!!!!!!

    When I get paid I will clear my spending card. There's about £250 on that but my dad owes me some of it.
    So hopefully on pay day which is the last day of the month all my official debt will be clear

    Then it's just a case of paying back what I took from our savings.
    May 2015: £11685.56 / June 2017: £2200
    Credit card 1: £600
    Pay back : £1600 / £1800
    • abba1772
    • By abba1772 18th Oct 17, 5:28 PM
    • 3,872 Posts
    • 11,216 Thanks
    abba1772
    That must be a lovely feeling seeing it at zero.........well done xx
    NEXT TARGET HALIFAX CC WAS July 17 £3572.57 NOW £5372.81
    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 £4900.50 / £6000
    • Happierdays
    • By Happierdays 18th Oct 17, 6:26 PM
    • 144 Posts
    • 388 Thanks
    Happierdays
    Well done littlemiss !
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 18th Oct 17, 9:51 PM
    • 215 Posts
    • 432 Thanks
    little_miss_spendtoomuch
    Thanks guys. I can't believe after all these years that that card is actually clear. It's always been the card with a balance transfer on it because it always offers 0% interest.
    Feel like I'm actually getting somewhere now
    May 2015: £11685.56 / June 2017: £2200
    Credit card 1: £600
    Pay back : £1600 / £1800
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 20th Oct 17, 7:03 AM
    • 215 Posts
    • 432 Thanks
    little_miss_spendtoomuch
    Hubby got paid today! That's £900 in our joint account
    We had £100 left this month so we are using it to buy bits for the new home.

    We haven't been getting all our bills yet as we only moved in June and it's a new build.
    I keep chasing our council tax because I want to know what it's going to cost us.
    Each month I have put aside £200 to cover council tax, electricity and gas but I realise now that won't be enough.

    Our gas bill was covered in our flat by the management company.
    Our electricity bill was £35 a month and our council tax was just under £150 a month but I think in our house it's all going to be a lot more.
    What is the average cost for gas and electricity per month for a small three bed semi?
    I'm hoping our council tax will be £150 a month still but going by what the other houses pay it's likely to be £200
    So today and from now on I'm going to put £300 aside each month.
    We have £600 put aside so far and I'm about to tot it up to £900 which is better than nothing. This is very sensible of me. The old me would enjoy spending the extra money and then get stuffed when the big bill comes in!

    Happy Friday everyone
    May 2015: £11685.56 / June 2017: £2200
    Credit card 1: £600
    Pay back : £1600 / £1800
    • MrsSave
    • By MrsSave 20th Oct 17, 7:09 AM
    • 1,196 Posts
    • 3,888 Thanks
    MrsSave
    Have you looked online to see if you can find what council tax band you are? Most council websites will give you that information, unless it's too much of a new build and it hasn't been updated yet!
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 20th Oct 17, 7:17 AM
    • 215 Posts
    • 432 Thanks
    little_miss_spendtoomuch
    Hi MrsSave! Unfortunately it's too much of a new build they haven't even valued it yet I check online everyday and argued with my council until they realised ey hadn't dont their job properly. Finally an application has been put through to value it so I'm hoping to hear something soon.
    There's lots of houses in my development and they haven't done any down my road.
    May 2015: £11685.56 / June 2017: £2200
    Credit card 1: £600
    Pay back : £1600 / £1800
    • MrsSave
    • By MrsSave 20th Oct 17, 7:41 AM
    • 1,196 Posts
    • 3,888 Thanks
    MrsSave
    How frustrating! I guess all you can do is look at a similar size house nearby and find out what council banding that has to give you a rough idea. I'm guessing the council will still expect back pay though!
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • abba1772
    • By abba1772 20th Oct 17, 7:50 AM
    • 3,872 Posts
    • 11,216 Thanks
    abba1772
    That is very frustrating about the council tax, I pay £129 for council tax on a three bedroom house and about £80 a month on gas and electricity xx
    NEXT TARGET HALIFAX CC WAS July 17 £3572.57 NOW £5372.81
    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 £4900.50 / £6000
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 20th Oct 17, 8:34 AM
    • 215 Posts
    • 432 Thanks
    little_miss_spendtoomuch
    It's really frustrating because I just want to be paying it. The council have told me I can set up an online account and start paying it but I don't know what to pay.
    I've just been looking online at other properties near me and they are all band E which is £2000 a year
    That's so much money and my house is only small.
    My best friend lives in an older house very close by and is band D. Her house is bigger than mine so mine shouldn't cost more.

    I hate not knowing.
    May 2015: £11685.56 / June 2017: £2200
    Credit card 1: £600
    Pay back : £1600 / £1800
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