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  • FIRST POST
    • Princesssparkle
    • By Princesssparkle 9th Jul 16, 11:31 AM
    • 24Posts
    • 96Thanks
    Princesssparkle
    Table for One
    • #1
    • 9th Jul 16, 11:31 AM
    Table for One 9th Jul 16 at 11:31 AM
    Hi,

    I've been lurking these boards for many years now but never plucked up the currage to make my own diary! But today's the day!

    I'm a single girl, mid-twenties - about to brave it alone!

    To give a bit of background, I have always been very good with my money and never stepped out of line with my budget.... Until a few years ago when my ex and I decided to renovate a house. At that point, not only did we get the big financial pressures of owning our first home, we also ploughed all our savings into the renovation, any income went towards it and we also got a loan. This left me broke!

    I used tips from here and cut back on things to try to make my wages work but each month I was -£60, which went on my credit card. I had holes in my clothes and couldn't afford anything whilst the ex OH was gambling his spare cash away.

    All of these stresses took tole on our relationship and we have parted ways. House sale due to complete shortly.

    With the profits from the sale I will be able to pay off all my debt (although not massive it plays on me) and also have enough to put 10% down on my very own house!!

    I have started this diary to make good habits again, to get a full understanding of my budget and my financial situation and to not get myself into the same mess as before!

    Hope to do some sort of financial summary soon but don't really know where to start.

    xoxo PP
Page 1
    • beanielou
    • By beanielou 9th Jul 16, 8:54 PM
    • 46,257 Posts
    • 163,888 Thanks
    beanielou
    • #2
    • 9th Jul 16, 8:54 PM
    • #2
    • 9th Jul 16, 8:54 PM
    Happy shiny new diary
    Keep posting!
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • AnxiousHomemaker
    • By AnxiousHomemaker 9th Jul 16, 11:08 PM
    • 64 Posts
    • 133 Thanks
    AnxiousHomemaker
    • #3
    • 9th Jul 16, 11:08 PM
    • #3
    • 9th Jul 16, 11:08 PM
    Hi, look forward to reading your diary! i'm a newbie too! I have faith in us both xx
    • Princesssparkle
    • By Princesssparkle 10th Jul 16, 3:57 PM
    • 24 Posts
    • 96 Thanks
    Princesssparkle
    • #4
    • 10th Jul 16, 3:57 PM
    • #4
    • 10th Jul 16, 3:57 PM
    Hello! =) Thanks for popping by.

    Wow Beanie your signature is an absolute inspiration! Both money and weight loss. Well done.

    AH I'll be over to yours in a minute. Newbies together =)

    Hoping to come on here regularly just to confess what I've been doing. Had a bad week this week but that doesn't mean I can't start a fresh tomorrow!!!

    Ive purchased lunch every day this week rather than taking it to work, I've also had mcd's brekie this morning. Total: £21.69

    I have a pony (probably why I'm here) she cost me £8.50 for a worm sample this week - fortunately came back all clear.

    Bought a festival ticket £50
    New hair dryer attachment £9.50
    Petrol £76.00 but I have got a full tank which will do me a couple of weeks.
    Work trousers £30.00 - did need these.
    Dog treats & power bank charger from home bargains £5.35

    Total: £201.04 wow!!!! I can't carry on spending like this!!!

    Upcoming costs for next week:

    £50 - desperate for a new pair of wellies. I managed to hold out all winter with the intention of buying some new ones in September but we're having such a wet summer I actually need them now! They should last me a couple of years though.
    £50 - pony's shoes next week
    £56.50 - beauty insurance for the year
    £36 - eyelash glue for beauty
    £30 hair cut
    ??? - meal out with friends
    £5 - yoga
    ??? - food

    The week after that is the festival I've bought a ticket for so there will be food, drinks and taxi for that and then my car insurance is due for renewal too. Need to start shopping around for that.

    I think it's easy for me to see where I can cut the spends out! It really helps writing it all down.

    I still need to do a tally of debt. I just don't quite dare at the moment. I do have it written down I just wince a bit when I see it. It will be cleared when my house sale goes through, that doesn't mean I can keep spending as I am though!!

    Sorry for rambling. Off to do some jobs in the field soon, going to take the dog too so I can kill two birds with one stone!
    • louby40
    • By louby40 10th Jul 16, 4:25 PM
    • 897 Posts
    • 2,449 Thanks
    louby40
    • #5
    • 10th Jul 16, 4:25 PM
    • #5
    • 10th Jul 16, 4:25 PM
    Hello and welcome. Everyone is really supportive here.

    If you go on the main board theres's a budget planner tool that you can use, or you can do a SOA & post it to get advice.

    What is beauty insurance? Is that monthly or yearly?

    Keep posting

    Lou
    Parents£285 DF July 17 Sealed Pot Challenge 10 #572 Debt free by Xmas(july) 17 #32 £3157/£3442
    Car loan £3860. Mortgage £97,373
    • Princesssparkle
    • By Princesssparkle 12th Jul 16, 9:17 PM
    • 24 Posts
    • 96 Thanks
    Princesssparkle
    • #6
    • 12th Jul 16, 9:17 PM
    • #6
    • 12th Jul 16, 9:17 PM
    Hi Louby thanks for stopping by. I've just done a soa but got a little frustrated as it wouldn't let me copy and paste it on my iPad. I'm not sure how beneficial it would be right now though as I'm still paying for my old house, living with my rents and also paying for solicitors, valuation surveys etc etc. And assets will change. Think I'm going to do another, better one when I'm in my new house. It has however made me tally my debts up!

    Family: £4,081.19
    Cc: £845.69
    Overdraft: £217.74
    Total: £5,144.62
    Ex and I have a loan together which we will be paying off with house profit. It was due to end in October anyway and a rough estimate at the figure to pay is: £1,050

    Got the information through from my solicitors today on actual profit from the house sale. After all outgoing a and taking our loan off, I should end up with around £23.4k

    Put £9.5k deposit on my new house
    Pay around £750 in completion bits with solicitor etc.
    Pay off £5,144.62 debt
    And I'm left with just over £8k

    I know it seems a lot left over and part of me wonders if I should put more into my new house but then another part of me knows I need to start building pots up. Here's what I think I need and advice would be welcome.

    Car pot: not sure on amount but my car is 12 years old, bound to need fixing when I can't afford it

    Horse pot: I've been paying £650 per year for insurance I've never used for the last 10 years. Pony is classed as a veteran now so insurance won't cover hardly anything. Thinking of getting insurance which would cover us for riding on the roads & damage to anyone's property should that happen but I need a savings pot for if the worst happens touch wood she's in excellent health atm. Think I need about £3k saved here.

    House repairs: I'm going to be on my own and monthly outgoing a will be a struggle as it is. I need a bit of a safety net.

    Do you think I need to keep my money pots separate or just one savings account?

    Been to the shop today and managed to get my dinners and lunches for the week and only spent £8.50 =) hoping to have nsd's for next two days and got annual leave in for Friday so that's saved on petrol

    Thanks for letting me ramble guys. The rambles will get shorter when my head doesn't have so much swimming round in it =) feeling more focused already.

    xoxo PP
    • louby40
    • By louby40 13th Jul 16, 6:46 AM
    • 897 Posts
    • 2,449 Thanks
    louby40
    • #7
    • 13th Jul 16, 6:46 AM
    • #7
    • 13th Jul 16, 6:46 AM
    Hi Princess

    I'm no expert but separate pots seem to be the way to go. I have 3 savings accounts at the moment that I send money to. I'm sure some other lovely people will come along and advise you better.

    But well done with the forward thinking. I split from my ex in Dec 13 and eventually bought my own house last year and finally was free from financial links with him - it was such a relief!

    Good luck
    Parents£285 DF July 17 Sealed Pot Challenge 10 #572 Debt free by Xmas(july) 17 #32 £3157/£3442
    Car loan £3860. Mortgage £97,373
    • Princesssparkle
    • By Princesssparkle 13th Jul 16, 8:10 AM
    • 24 Posts
    • 96 Thanks
    Princesssparkle
    • #8
    • 13th Jul 16, 8:10 AM
    • #8
    • 13th Jul 16, 8:10 AM
    So nice to hear such a positive story Louby.

    Thanks. I feel I need it right now
    • Baldybear
    • By Baldybear 14th Jul 16, 10:52 AM
    • 1,627 Posts
    • 3,221 Thanks
    Baldybear
    • #9
    • 14th Jul 16, 10:52 AM
    • #9
    • 14th Jul 16, 10:52 AM
    Morning, subscribing good luck

    I am very similar to you, have just bought out ex from my house, he was terrible with money, still is, so pleased to have a clean break. My next relationship will need to be with someone who is on the same mindset as me.

    I have a pony too, my advice ditch the insurance, put some of your money away in a separate savings account in case of emergency vet bills and sign up to BHS Gold membership which covers you for public liability insurance, for accidents on the road etc. Well worth the money.

    Re separate savings accounts I do this and find it works well as know exactly whats in each pot and what I can/cant touch. For me have horse (£1k emergencies plus annual bills), emergency fund (6 months living expenses), car, insurance (for car mot, tax, insurance, home insurance etc), fun days out, holiday, general house repairs fund. At the moment am just starting to top these up so not at target yet but getting there I have set targets and then broke them down over 12 months so know how much I need to put away each month.

    Also re the horse does he need shoes or could he go barefoot, saves you some money there!

    Good luck
    Debt Free - Thanks Mum
    Now onto the Mortgage and savings....
    • Princesssparkle
    • By Princesssparkle 16th Jul 16, 4:12 PM
    • 24 Posts
    • 96 Thanks
    Princesssparkle
    Hey Baldybear! Wow I can't believe how similar our situations are! Your horse looks like a right cutie <3 It's good to have someone who understands you sound like you've managed to get your situation under control really well. That's exactly what I want to do with my savings pots, how did you go about starting them up and working out how much to top them up by each month?

    I don't know if I mentioned before but I also want to set up an account for my horse because summer is so cheap because they stay out 24/7 and then winter just skints me, I want to spread the cost over 12 months so I can build up a pot of money for bedding etc in winter.

    That's exactly what I was thinking for bhs insurance. Nfu quote came through this week at £700

    In terms of shoes - my ex is a farrier so paying that has been a shocker anyway haha. She had only fronts on for quite a while but we've started doing pleasure rides this summer and had to have a full set so no chance of going bare foot.

    Should be handing the keys over for the house we're selling this week. Going to be really stressful but it's the first step on my journey to the beginning of a new chapter of my life.

    Maybe when I'm in my new house I can start operation man hunt

    Ok here goes for the week summary

    Food: £20.07
    Socialising: £33.00
    Horse shoes: 50.00
    Hair: 20.00
    Total: 123.07

    Then I'm going out for coffee and cake with a friend tomorrow

    Next week, I have a quarter a tank of petrol left but only working 2 days with moving out next week so should last me. Will end up going to nandos or something with my friend so that'll be a tenner and then I've got the festival at the weekend, I've already bought my ticket so will just be drinks and mum is playing taxi I reeeeeally want some converse to wear though but I know I'm already living a life I shouldn't!

    I just feel like I suppressed myself so much before, unrealistically that now I feel like I need to see my friends all the time and have nice things. not a good way to look at it!!!

    I'll be paying about £40 for my storage unit and £20 to my friend who is helping me move with her horse lorry.

    Need to get focused and on track!

    Thanks for reading.

    xoxo PP
    • Princesssparkle
    • By Princesssparkle 16th Jul 16, 4:13 PM
    • 24 Posts
    • 96 Thanks
    Princesssparkle
    Oh **** my car insurance is due next week
    • Baldybear
    • By Baldybear 18th Jul 16, 2:13 PM
    • 1,627 Posts
    • 3,221 Thanks
    Baldybear
    Hey Baldybear! Wow I can't believe how similar our situations are! Your horse looks like a right cutie <3 It's good to have someone who understands you sound like you've managed to get your situation under control really well. That's exactly what I want to do with my savings pots, how did you go about starting them up and working out how much to top them up by each month?

    That's exactly what I was thinking for bhs insurance. Nfu quote came through this week at £700

    Maybe when I'm in my new house I can start operation man hunt

    I just feel like I suppressed myself so much before, unrealistically that now I feel like I need to see my friends all the time and have nice things. not a good way to look at it!!!
    Originally posted by Princesssparkle
    Hello, re targets for me worked out for insurance what cost last year and then divided by 12 so knew how much needed to save a month, other targets just guessed a figure that seemed reasonable, £500 for holiday for me sounds about right for week in europe. This is the first time I have had proper targets and can now after bought ex out have re-looked at budget and seen what I can do/save.

    to £700

    Operation man hunt, maybe for me some time, at the moment am just enjoying my own company and doing what I like when I need to, good luck for you

    Your last sentence rang true, about wanting to go out and have nice things etc, I feel the same, but for me the DFW is still quite strong although the temptation is there I am looking at what I can afford first, or saving on other things if I really need it.
    Debt Free - Thanks Mum
    Now onto the Mortgage and savings....
    • Princesssparkle
    • By Princesssparkle 10th Aug 16, 11:21 AM
    • 24 Posts
    • 96 Thanks
    Princesssparkle
    Hello. I am still alive. Just had a mad couple of weeks and buried my head in the sand. Felt like my finances were spiralling out of control, my house didn't complete on the day it was meant to yet I still needed to pay storage, surveys and solicitors bills etc. I haven't been spending on reckless things though which is good, just not kept on top of things in the way I had intended to and felt a little ashamed to come here and admit that.

    House should be going through today and I need to set up a shiny new spreadsheet for my new house which I expect to complete next week. Anyone have any tips? I definitely need to get my pots set up that way too. And I'll finally be able to do a soa.

    Nfu took £60 off me on the 7th but my insurance was due to end on the 8th, do you think I should phone them to make sure that it's not a new payment?

    Operation man hunt has begun. Signed up to tinder and have swiped through every ex of mine from the last 9 years ruins the fun a bit. Went out on a date last night and have another tonight. The one tonight I quite like so far and I am really excited to meet him. I'll let you know how it goes

    xoxo
    • louby40
    • By louby40 12th Aug 16, 7:43 AM
    • 897 Posts
    • 2,449 Thanks
    louby40
    Ooo I remember Tinder! Very interesting.

    I met my fella at the gym but had seen him on Match.com and did chat to him for a bit but dismissed him as he was the same height as me - or so I thought. Turns out he's 1.5" taller than me. We've been together 2 years next month.

    Keep budgeting and posting!
    • Princesssparkle
    • By Princesssparkle 17th Jun 17, 3:30 PM
    • 24 Posts
    • 96 Thanks
    Princesssparkle
    Hi everyone, I'm really sorry to say I'm back =( the reason I'm saying sorry is that I'm sorry to myself.

    I don't even quite know how its happened. My car broke, I spent a bit of money trying to fix it and then ended up trading it in and fortunately my mum was able to lend me some money. Things like changing my insurance over and stuff also cost me but on the bright side I have gone for a cheaper car to run. It does double the mpg my last one did and it's £0 road tax.

    There's also just been the odd bit like needing a pair of glasses or my utility bill not working out from when I moved in to my new house. It's just all built up!

    A lot of other stuff has happened since I was here. So I'm officially in my lovely house, I met a wonderful man, we went on trips away, had a fantastic time together and I moved in to his house. Fast forward a bit and we're here. We split up, I've come back to my lovely home and I need to start getting myself off of cloud 9 back down to reality!

    I'm back to face the music and reality

    Current debts
    £656.16 Barclaycard 0% ends april 2018
    £1930.10 virgin 0% ends April 2018
    £4431.00 bank of mum 0% ends whenever I've paid it all back.

    It all sort of crept up on me and it wasn't until I was paying a chunk of bank charges each month that it hit me! I was in debt.... AGAIN!

    I've downloaded an expenses app which I have found to be really useful it tracks all my spending, separates it in to categories and shows Net worth.

    I have £4,500 in savings but it's tied up and my theory is that whilst my cards are 0% I'm ok to focus on paying those back from my wages.

    The only thing to add to this is two things I want to save for... I'm starting a part time uni course in October and my laptop is almost dead. I also think I need to start saving for a new boiler.

    I've got my car insurance due next month, I've already been on comparison websites and I should be able to afford it out of this months and next months wages but it just means I'll only be paying minimum off of my credit cards. Better than paying the extra to pay monthly though.

    Sorry for rambling, I've been wanting to post for around a month now but haven't had the guts to x
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