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  • FIRST POST
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 5th Jul 16, 12:59 PM
    • 96Posts
    • 159Thanks
    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 5
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 19th Sep 16, 9:20 PM
    • 96 Posts
    • 159 Thanks
    little_miss_spendtoomuch
    Cinema prices are extortionate aren't they! I think any friends would understand that money is tight as you are saving for a honeymoon! Where are you going?
    Originally posted by clearmydebts
    Thanks clearmydebts! Yeh so expensive! It just seems all our friends have endless supplies of cash at the moment I feel embarrassed when I say I can't afford something coz I see so many of my friends spending all the time.
    We are going to New York! it's all paid for - we just need spending money now
    May 2015: £11685.56 / November 2016: £6000
    Holiday 2017: £900.55 / £1500
    Joint house savings: £1130
    Christmas fund: £100
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 19th Sep 16, 9:21 PM
    • 96 Posts
    • 159 Thanks
    little_miss_spendtoomuch
    Cinema prices are awful! We used Tesco vouchers for our cinema this weekend!
    Originally posted by MrsSave
    Ooh yes I read on your diary you were doing this! I need to look into it x
    May 2015: £11685.56 / November 2016: £6000
    Holiday 2017: £900.55 / £1500
    Joint house savings: £1130
    Christmas fund: £100
    • clearmydebts
    • By clearmydebts 19th Sep 16, 10:33 PM
    • 5,904 Posts
    • 17,134 Thanks
    clearmydebts
    Thanks clearmydebts! Yeh so expensive! It just seems all our friends have endless supplies of cash at the moment I feel embarrassed when I say I can't afford something coz I see so many of my friends spending all the time.
    We are going to New York! it's all paid for - we just need spending money now
    Originally posted by little_miss_spendtoomuch
    Oh I love New York!!!

    Don't worry about your friends, who knows what debt they are in! Just keep thinking of what fun you'll have on honeymoon with all the extra cash you save
    Total debt (starting September 2016): €27,000/€26,949
    BOI credit card: €7,000
    Loan: €20,000/€19,949
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 30th Sep 16, 8:54 AM
    • 96 Posts
    • 159 Thanks
    little_miss_spendtoomuch
    I haven't posted for a few days... I feel like I'm slipping a bit but haven't gone off the rails yet.

    I didn't make it to the end of the month with any money left before pay day but I did manage to get through another month without using my cc!
    I bought some trainers last week for New York but I'm going to return them and make do with what I have.
    I need to get my hair done soon and buy a couple of bits for my trip so I won't be paying much off my debts this month but it will be at least £150 which is better than nothing! I need some new winter boots. The ones I want aren't cheap but thy will last a long time so I'm going to splurge.
    I've managed to save my £500 spending money and I have £70 saved in my Christmas fund.
    Hopefully after he honeymoon I'll be able to get back on track.
    May 2015: £11685.56 / November 2016: £6000
    Holiday 2017: £900.55 / £1500
    Joint house savings: £1130
    Christmas fund: £100
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 6th Oct 16, 8:48 AM
    • 96 Posts
    • 159 Thanks
    little_miss_spendtoomuch
    Updated my signature!
    Another £100 off the debt.
    All my NY spending money saved.
    Another £200 added to the emergency fund.

    I've not been very good lately...
    First I bought the trainers but I returned them! Then I bought myself some new winter boots. £135 but I needed them. Then I obviously caught the spending bug again because I then bought some new jeans at £40 and ordered two new cashmere jumpers, reduced but still £60 each. What was I thinking?! I do really need some new jeans as I've lost weight and only have a light pair for summer and a black pair which I wear pretty much everyday at work. I'm going to look out for a cheaper pair though. The jumpers I love and they were 20% off but I don't need them and can't afford them.
    I'm not sure what's happened to me lately. i don't want to slip back into my old ways
    May 2015: £11685.56 / November 2016: £6000
    Holiday 2017: £900.55 / £1500
    Joint house savings: £1130
    Christmas fund: £100
    • abba1772
    • By abba1772 6th Oct 16, 9:01 AM
    • 3,007 Posts
    • 6,993 Thanks
    abba1772
    I think we all go through the spendy phase when debt busting as we think to ourselves we deserve it and we do so don't beat yourself up these spending sprees don't occur that often but it's important to treat yourself once in a while whilst on the debt busting journey otherwise you'll resent it xx
    BARCLAYCARD TO BE PAID OFF BY XMAS Sept 16: £2299 Now £93.85

    POAMAYC 2011 £6382.66 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £7445.53/ £6000
    • DD265
    • By DD265 6th Oct 16, 11:41 AM
    • 1,115 Posts
    • 2,672 Thanks
    DD265
    Spending on one thing definitely opens the doors to a spendy phase; I wonder whether it's because we remember the enjoyment of having new things and temporarily at least that outweighs how we feel about saving.

    Did you budget for these items or did you just buy them impulsively?

    I budgeted £200 in total for jeans and some warm work jumpers (have also lost weight so I was living in one pair of jeans, and a bit worried I was going to spend winter shivering!) and came in under that, having purchased two pairs of Levis. I actually really enjoyed the shopping and didn't have the buyers remorse afterwards, hurrah.
    Barclaycard: £1795.61/£2907.26 - 38% paid
    MBNA: £2,613.57/£3866.92 - 32% paid
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 6th Oct 16, 1:48 PM
    • 96 Posts
    • 159 Thanks
    little_miss_spendtoomuch
    Very temporary! I make a purchase and then 5 mins later I feel guilty.
    Budget? Hmm... well it depends if paying less towards my debt this month counts?! I haven't used a credit card which is good but I doubt I'd be leaving myself with enough money to last me the rest of the month if I kept all the purchases. I'm terrible!
    I'll try and return the jumpers this evening after work. Hopefully that will make me feel better.

    Well done for getting all your bits under budget DD265! That's really good. I'd like to shop without feeling the guilt.
    I'll budget next time but I think maybe I'll try and limit the amount of purchases too! One treat is enough
    May 2015: £11685.56 / November 2016: £6000
    Holiday 2017: £900.55 / £1500
    Joint house savings: £1130
    Christmas fund: £100
    • abba1772
    • By abba1772 6th Oct 16, 2:36 PM
    • 3,007 Posts
    • 6,993 Thanks
    abba1772
    Why not keep one of the jumpers and return the other one.......best of both worlds????
    BARCLAYCARD TO BE PAID OFF BY XMAS Sept 16: £2299 Now £93.85

    POAMAYC 2011 £6382.66 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £7445.53/ £6000
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 6th Oct 16, 2:44 PM
    • 96 Posts
    • 159 Thanks
    little_miss_spendtoomuch
    Why not keep one of the jumpers and return the other one.......best of both worlds????
    Originally posted by abba1772

    Hahah Abba I like you're thinking! This is what I said to my husband last night- I said I would keep one and return one. But then I slept on it and changed my mind.

    I think I'll look at my account this afternoon and see what I can afford
    x
    May 2015: £11685.56 / November 2016: £6000
    Holiday 2017: £900.55 / £1500
    Joint house savings: £1130
    Christmas fund: £100
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 11th Oct 16, 7:20 AM
    • 96 Posts
    • 159 Thanks
    little_miss_spendtoomuch
    £50 paid to cc1 bring my total debt down to £6400... wish I could pay more this month. Need to up my game.

    I returned the jeans and one of the jumpers but I feel bad and still thinking about returning the other one. I do love the feeling of returning stuff though. When the money goes back in my account it feels like I've made money! Which I know is silly because I had the money before I shopped!

    I haven't looked for alternative jeans yet but there seem to be a few sales on at the min

    I'm hoping to get some Christmas presents in New York with the spending money I saved and then hopefully I'll be able to pay more off my debts in November and December.

    16 days until pay day... and New York!
    May 2015: £11685.56 / November 2016: £6000
    Holiday 2017: £900.55 / £1500
    Joint house savings: £1130
    Christmas fund: £100
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 21st Oct 16, 8:50 AM
    • 96 Posts
    • 159 Thanks
    little_miss_spendtoomuch
    It's Friday!

    I've got £70 left in my account and it's one week until pay day... and New York!

    I have been good with my money lately. Haven't paid off as much on my debt this month as I would have liked to but I can't boo hoo £150. I had set myself a mini goal of halving my original debt figure by October. I should be able to do that come pay day.

    We have been gifted late wedding presents of spending money for our honeymoon so we now have more than we need. So whatever we don't take will put towards our 2017 holiday. Shame the dollar rate is so bad

    We got a refund of £88 from our water company the other day. It was good timing because we needed a food shop and had ran out of money in our joint account. We spent £13 and transferred £75 to our joint savings account. My husband got paid today so I moved over the usual £200 which means we now have £1076 in our joint savings account!
    May 2015: £11685.56 / November 2016: £6000
    Holiday 2017: £900.55 / £1500
    Joint house savings: £1130
    Christmas fund: £100
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 11th Nov 16, 8:27 AM
    • 96 Posts
    • 159 Thanks
    little_miss_spendtoomuch
    Friday!

    £150 off the debts so far this month. Money still in the bank and £500 saved for next years holiday

    Total debt now stands at £6250
    Last edited by little_miss_spendtoomuch; 11-11-2016 at 8:29 AM.
    May 2015: £11685.56 / November 2016: £6000
    Holiday 2017: £900.55 / £1500
    Joint house savings: £1130
    Christmas fund: £100
    • abba1772
    • By abba1772 11th Nov 16, 5:00 PM
    • 3,007 Posts
    • 6,993 Thanks
    abba1772
    How was New York xx
    BARCLAYCARD TO BE PAID OFF BY XMAS Sept 16: £2299 Now £93.85

    POAMAYC 2011 £6382.66 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £7445.53/ £6000
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 13th Nov 16, 9:05 AM
    • 96 Posts
    • 159 Thanks
    little_miss_spendtoomuch
    Hey abba! Hope you're well. I need to catch up on here!
    New York was amazing thank you! We did so much. Saw all the sites and ate lots of yummy food.
    We walked loads. Loved our hotel and had some really good weather.
    Feels so much more expensive there now with exchange rate but we ended up bringing $500 back with us so we are saving that for our holiday next year. X
    May 2015: £11685.56 / November 2016: £6000
    Holiday 2017: £900.55 / £1500
    Joint house savings: £1130
    Christmas fund: £100
    • abba1772
    • By abba1772 14th Nov 16, 9:59 PM
    • 3,007 Posts
    • 6,993 Thanks
    abba1772
    Glad you had a fab time.........I aim to see New York before I'm 40.......only 7 years to go lol xx
    BARCLAYCARD TO BE PAID OFF BY XMAS Sept 16: £2299 Now £93.85

    POAMAYC 2011 £6382.66 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £7445.53/ £6000
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 17th Nov 16, 7:29 AM
    • 96 Posts
    • 159 Thanks
    little_miss_spendtoomuch
    Just made a payment of £150 onto cc1 which brings my total debt down to £6100. I'm a little bit behind where I wanted to be at this stage. I'm getting there and will keep trying.

    I have £100 saved in a separate account for Christmas presents so far. I bought my husbands present last weekend so just need to get him a couple of stocking fillers and he's done.

    Pay day next Friday and I have £200 left in my account. Will need to top up my oyster before then and we are going out for dinner on Sunday for a friends bitthday. Anything left by pay day will go towards Christmas presents.

    We are actually in the process of trying to sell our flat. Luckily we have managed to make a bit of equity in our flat which means we can buy something bigger. We have been looking at new builds so we can use help to buy.

    Not sure where this leaves me with paying off debt st the moment because I know I'm going to need lots of extra money for various fees.

    It's all a bit confusing and stressful at the moment
    May 2015: £11685.56 / November 2016: £6000
    Holiday 2017: £900.55 / £1500
    Joint house savings: £1130
    Christmas fund: £100
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 18th Nov 16, 4:20 PM
    • 96 Posts
    • 159 Thanks
    little_miss_spendtoomuch
    so glad it's Friday. It's been a long week.

    Not much planned apart from lunch on Sunday so will hopefully keep spending to a minimum.

    We have a few people coming to view our flat this weekend so I'm keeping my fingers crossed.

    We really want this new build home we have seen but there is only one left and we can't put a reserve down until we have an offer on our flat. Problem is our flat is shared ownership so the sale process isn't so simple. We to give our housing provider 8 weeks to try and sell the property. After 8 weeks it's down to us and it goes to the open market at full ownership. Problem is our flat is only being advertised on one random website so we aren't getting much interest
    If we don't get this house we will have to wait for the next phase and we could be priced out of the type of house we want as the home prices are set to increase with the next phase
    I'm keeping everything crossed it works out.
    The funniest thing is I have said my debts would be cleared on completion for the mortgage. The house won't be ready until May so we have decided to move in with my parents once our flat has sold. This means I should be able to pay a lot more towards my debts whilst living there. I just hope it all works out...
    May 2015: £11685.56 / November 2016: £6000
    Holiday 2017: £900.55 / £1500
    Joint house savings: £1130
    Christmas fund: £100
    • abba1772
    • By abba1772 19th Nov 16, 8:38 PM
    • 3,007 Posts
    • 6,993 Thanks
    abba1772
    Fingers crossed it all works out

    Our mortgage company made us make promises that we would clear two debt accounts before completion which we managed too do..........just xx
    BARCLAYCARD TO BE PAID OFF BY XMAS Sept 16: £2299 Now £93.85

    POAMAYC 2011 £6382.66 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £7445.53/ £6000
    • little_miss_spendtoomuch
    • By little_miss_spendtoomuch 20th Nov 16, 10:55 PM
    • 96 Posts
    • 159 Thanks
    little_miss_spendtoomuch
    Fingers crossed it all works out

    Our mortgage company made us make promises that we would clear two debt accounts before completion which we managed too do..........just xx
    Originally posted by abba1772

    Thanks

    Wow well done for paying them off. I'm hoping that knowing my future depends on it I will do all I can to get my debt cleared!
    May 2015: £11685.56 / November 2016: £6000
    Holiday 2017: £900.55 / £1500
    Joint house savings: £1130
    Christmas fund: £100
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