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  • FIRST POST
    • remote_control
    • By remote_control 16th Aug 16, 9:19 AM
    • 184Posts
    • 832Thanks
    remote_control
    Facing up and cracking on
    • #1
    • 16th Aug 16, 9:19 AM
    Facing up and cracking on 16th Aug 16 at 9:19 AM
    Hi

    We are in debt and we need to face up to it as I do not want it to define the next few years of our life.

    In a nut shell, we moved to a house that was slightly over budget and did a lot of DIY.

    Debt as of July 2016 £20,485.45

    We don't act like we're in debt, we just carry on as normal. I am hoping this diary will help to change this.

    Feel a bit scared and tearful posting this!

    Thanks in advance for your support!!
Page 3
    • remote_control
    • By remote_control 11th Oct 17, 7:34 PM
    • 184 Posts
    • 832 Thanks
    remote_control
    Thanks for the comments!! I really appreciate it. Yes we have achieved a lot I suppose, Debt is down £5k this year and we have done a couple of house projects without adding to the debt. It is that never ending conundrum of whether to work harder to pay off the debt quicker or live while you pay it off slowly. The latter is what we have been doing and largely I have been ok with that as we live within our means and can manage the minimum payments fine.

    I would like a bit of focus in the run up to Christmas though. I'm trying a 'look after the pennies' approach. I have taken food in to work the past couple of days which I am really pleased with myself about. I have also stopped snacking on biscuits/chocolate/cake etc and this is also saving me money as I'm sure I spend about a fiver each week grabbing these things when I'm out and about.
    • remote_control
    • By remote_control 11th Oct 17, 7:35 PM
    • 184 Posts
    • 832 Thanks
    remote_control
    BBC Good Food for students sounds great thanks!
    • remote_control
    • By remote_control 31st Oct 17, 10:01 AM
    • 184 Posts
    • 832 Thanks
    remote_control
    Nov 1st 2017

    Debt £18,393.54
    • remote_control
    • By remote_control 11th Dec 17, 10:07 PM
    • 184 Posts
    • 832 Thanks
    remote_control
    Hi everyone,

    Should be going to bed really....

    Debt ticking down very slowly, MBN/A are really annoying as can't seem to have a fixed payment to them, so we have it set as minimum (as it is the longest 0% card) and each month we pay a pound or two less.

    Christmas shopping pretty much done present wise but I think it is the food bills that get us as we love a tasty Christmas treat :-).

    OH has been very on board with the money saving for the past couple of weeks which has been great and what we spent in November was in the green (black?) by £700!! Amazing to think we have that much money spare if we work really hard. In reality this year it has been spent on new boiler and a few other house improvements. It sounds so romantic buying a house where everything needs doing but in reality it costs a fortune!

    Looking forward to finishing work at the end of the week and then two weeks off. Obviously planning low spend, snuggly Christmas activities.

    I'll be back with a proper total at some point, and hopefully it will be in the 17s. I wonder what it will be this time next year!
    • remote_control
    • By remote_control 3rd Jan 18, 12:06 PM
    • 184 Posts
    • 832 Thanks
    remote_control
    Happy New Year

    Debt total 1st Jan £17,913.72.

    Main financial aims for 2018 are:

    1. This time next year have less debt than that.
    2. Major works to house.

    As our debt came from moving house and maternity leave we have not added to it in nearly 18 months (with a car purchase) and before that not for ages. We'd love to continue to improve our house and if we can do this and reduce the debt at all that would be great. It is all on 0%.

    We'd love to do an extension at some point so it would be nice to move forward with that. It feels like such a big unknown financially that I don't feel there's any point setting a target for a DFD at the moment.

    Tomorrow is budget day where we see what we have spent in 2017! It is my first full year of writing down everything we spend so haven't got anything to compare it to.

    Happy debt busting!
    • remote_control
    • By remote_control 1st Feb 18, 3:09 PM
    • 184 Posts
    • 832 Thanks
    remote_control
    Debt total 1st Feb 2018: £17,386.56

    Writing down what we spent for 2017 went really well and were so pleased to see we spent less than came in! This time last year we were always going into our overdraft and now we don't. We even finished the year with a really healthy bank balance. We were quite frugal and sensible in the run up to Christmas but I did buy quite a lot of things in the sales. It was all covered by Christmas money but it felt a bit weird as normally Christmas money goes into the general pot. It was nice to replace a couple of household items that were on their last legs! (like a leaky kettle and very old hand towels).

    We've done a bit of DIY this month so don't expect the budget to be healthy so far this year! At least for the first time I will know exactly what we spent though.
    • remote_control
    • By remote_control 7th Feb 18, 2:25 PM
    • 184 Posts
    • 832 Thanks
    remote_control
    Spending all my spare time reading diaries on here but not posting on my own!

    DIY bills will all be in mid Feb and I can see what we've spent. We've gone in to our overdraft though so will be a frugal couple of months getting back to normal.

    So cold today!

    Going to try and set myself an ebay challenge, don't know what though.
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