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  • FIRST POST
    • hign10pines
    • By hign10pines 30th Aug 16, 11:22 AM
    • 356Posts
    • 358Thanks
    hign10pines
    Challenge Debra...life goes on
    • #1
    • 30th Aug 16, 11:22 AM
    Challenge Debra...life goes on 30th Aug 16 at 11:22 AM
    Debts
    Capital One - 0 (used for food & paid off each month)
    Loan - 5500
    Lloyds cc - 194
    Virgin cc - 764

    Savings
    Nationwide - 128
    Natwest - 6.47
    Virgin - 2500
    Lloyds - 0
    Halifax - 0

    Aims
    Emergency fund - 0/1000
    Rental deposit - 0/2000
    Monthly savings - 5 to 10%
    Holiday - 7500
    Lose weight - 60lb
    Open LISA April 2017

    ----

    Holiday

    We are going away in May 2017. The flights are £1500, hotel is £900, event tickets are £800, and we would like to take up to £4000 for spends To achieve this means working extra shifts and cutting back. So far we have £4400 (£2500 in savings above) so need to find £3100 or £344 a month/£172 each.

    Savings

    This won't really start til 2018. I want to pay for the holiday then try & pay the debt off by Dec 2017, so only minimum payments for now. Come Jan 2018 I should only have debt payments of £200 a month. Now isn't there a saying about saving 10% of your monthly wage? So:

    5% savings = £65
    10% savings = £130
    20% savings = £260

    Once I have no debt it would be much easier to save £300 a month. This has to go towards an emergency fund, rental deposit, house deposit.

    Housing

    I'm nearly 35 & living in rental. Studios go for £60-90k & 1 bed flats for £120-140k. I would need to save for 5 to 10 years, so it is debatable whether I'd get a mortgage, plus I would really need to increase my wage (currently can get 60-80k). My OH would be too old to be considered for the mortgage.

    Do we really need to buy somewhere, I'm happy to rent but not sure about renting in retirement. LHA would barely cover a studio/bedsit.

    ---

    All this could change if I get into nurse training next September, I would really have to work at the savings during the 3 years but it would mean a wage increase
    Last edited by hign10pines; 30-08-2016 at 12:21 PM.

    Surveys 2017: Opinion Outpost - £5 £10 | Prolific - £20.55 £65
    Debt: £7462 | 1250 OD | 189 Aqua | 4773 Loan | 460 Lloyds | 435 Marbles | 355 Barclaycard
Page 2
    • hign10pines
    • By hign10pines 29th Jun 17, 4:10 PM
    • 356 Posts
    • 358 Thanks
    hign10pines
    I rarely comment on other peoples posts, maybe that is wyy no one every comments on mine. I commented on one today and think I came off as a complete !!!!!!! I didn't mean to. Maybe I should just stick to posting on here and my blog (when I ever update).

    Maybe I'm just annoyed because the guy delivering my wardrobe couldn't as the post code ended in P and not U! It's the same road! Who's betting that the same three parcels will come back to me on Monday!
    Last edited by hign10pines; 29-06-2017 at 4:21 PM.

    Surveys 2017: Opinion Outpost - £5 £10 | Prolific - £20.55 £65
    Debt: £7462 | 1250 OD | 189 Aqua | 4773 Loan | 460 Lloyds | 435 Marbles | 355 Barclaycard
    • UncannyScot
    • By UncannyScot 29th Jun 17, 6:24 PM
    • 723 Posts
    • 4,327 Thanks
    UncannyScot
    Hi
    Just wanted to pop on and say not to worry about posting on other folks diaries. We are a community here and as such we should communicate... we may not always agree but such is life eh
    I think you are doing great and you may not be on here often but anyone reading your diary can see determination and progress. Don't hide away and don't give up...
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
    • hign10pines
    • By hign10pines 30th Jun 17, 7:37 AM
    • 356 Posts
    • 358 Thanks
    hign10pines
    So I need to sort out Virgin. I have the fullhouse with sky sports package on 'offer' till December. From what they told me it would actually be cheaper that what I was paying. I think not! July's bill comes to £93! A normal month should be £84

    I had a sky sports offer before and cancelled it, I only took it this time as I was getting the new v6 box free and I thought the whole package would be cheaper. Apparently not. We don't watch the sports channels really, F1 we can do with or without it and our sport comes from Premier Sports anyways.

    Live chat is down at the moment so will have to try and sort it out later, I hate using the phone.

    Surveys 2017: Opinion Outpost - £5 £10 | Prolific - £20.55 £65
    Debt: £7462 | 1250 OD | 189 Aqua | 4773 Loan | 460 Lloyds | 435 Marbles | 355 Barclaycard
    • UncannyScot
    • By UncannyScot 30th Jun 17, 8:00 AM
    • 723 Posts
    • 4,327 Thanks
    UncannyScot
    I have the basic bog standard Virgin package TV/Broadband/Home Phone at £35pm and find it is ok for me. Depends on what you need really, I suppose...
    Have always found Virgin to be really helpful so I am sure they will be able to sort something for you
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
    • hign10pines
    • By hign10pines 30th Jun 17, 11:54 AM
    • 356 Posts
    • 358 Thanks
    hign10pines
    I have the basic bog standard Virgin package TV/Broadband/Home Phone at £35pm and find it is ok for me. Depends on what you need really, I suppose...
    Have always found Virgin to be really helpful so I am sure they will be able to sort something for you
    Originally posted by UncannyScot
    We pay extra to have premier sports as we watch NASCAR, our phone line is basic and our internet needs to be fast as we watch things online a lot. May move back down to the 'fun' tv package as 'full house' is just about HD channels and I don't see the point to them really.

    Surveys 2017: Opinion Outpost - £5 £10 | Prolific - £20.55 £65
    Debt: £7462 | 1250 OD | 189 Aqua | 4773 Loan | 460 Lloyds | 435 Marbles | 355 Barclaycard
    • hign10pines
    • By hign10pines 30th Jun 17, 11:57 AM
    • 356 Posts
    • 358 Thanks
    hign10pines
    Just been on live chat and removed the sport package, bill has gone down to £63 a month

    In other news it looks like my OH has been paid his contracted wages for June. He hasn't looked at his bank account yet but someone who he works with has been paid. Should be able to repay the holiday money + pay me back the travel money + have some savings/pay a lump off Argos.

    Do a basic budget spreadsheet for him how, just need amounts and dates of bills.

    Surveys 2017: Opinion Outpost - £5 £10 | Prolific - £20.55 £65
    Debt: £7462 | 1250 OD | 189 Aqua | 4773 Loan | 460 Lloyds | 435 Marbles | 355 Barclaycard
    • Hiddenidenity
    • By Hiddenidenity 30th Jun 17, 2:46 PM
    • 4,230 Posts
    • 26,372 Thanks
    Hiddenidenity
    I do read along, I just don't always reply as I'm not the most clever of people and don't want to come across wrong. I always 'thank' posts to show they are being read

    Did you put your cards onto a loan?

    I also need to cut V1rgin down but always seem to get someone who can only make the bill more expensive rather than cheaper
    • hign10pines
    • By hign10pines 1st Jul 17, 10:20 AM
    • 356 Posts
    • 358 Thanks
    hign10pines
    I do read along, I just don't always reply as I'm not the most clever of people and don't want to come across wrong. I always 'thank' posts to show they are being read

    Did you put your cards onto a loan?

    I also need to cut V1rgin down but always seem to get someone who can only make the bill more expensive rather than cheaper
    Originally posted by Hiddenidenity
    Yes I did put them onto a loan. Maybe not the right choice but this way I have set minimum amounts going out and the balances reducing, with the cards I felt they were never changing.

    Surveys 2017: Opinion Outpost - £5 £10 | Prolific - £20.55 £65
    Debt: £7462 | 1250 OD | 189 Aqua | 4773 Loan | 460 Lloyds | 435 Marbles | 355 Barclaycard
    • Hiddenidenity
    • By Hiddenidenity 1st Jul 17, 5:54 PM
    • 4,230 Posts
    • 26,372 Thanks
    Hiddenidenity
    Make sure you close the cards so you can't be tempted to use them again. x
    • Chandelier.
    • By Chandelier. 1st Jul 17, 6:11 PM
    • 511 Posts
    • 1,381 Thanks
    Chandelier.
    High10pines well done on the saving with the vrgin package. We have $ky and always use live chat to haggle on there! I got a brilliant deal last year.

    I do keep up with your diary but haven't posted before.. I understand what you mean when it feels like you're talking to yourself. I feel like that some days.

    Keep going.
    • hign10pines
    • By hign10pines 1st Jul 17, 7:20 PM
    • 356 Posts
    • 358 Thanks
    hign10pines
    My overdraft is also included in the loan, so my only debts going forwards are the 3 loans. One has a high interest rate so I aim to overpay that as much as I can.

    Surveys 2017: Opinion Outpost - £5 £10 | Prolific - £20.55 £65
    Debt: £7462 | 1250 OD | 189 Aqua | 4773 Loan | 460 Lloyds | 435 Marbles | 355 Barclaycard
    • Hiddenidenity
    • By Hiddenidenity 1st Jul 17, 8:45 PM
    • 4,230 Posts
    • 26,372 Thanks
    Hiddenidenity
    My overdraft is also included in the loan, so my only debts going forwards are the 3 loans. One has a high interest rate so I aim to overpay that as much as I can.
    Originally posted by hign10pines
    Well done

    Hope you've had a nice day
    • hign10pines
    • By hign10pines 3rd Jul 17, 7:52 AM
    • 356 Posts
    • 358 Thanks
    hign10pines
    Reconciled everything to YNAB and I have £200 max for 3 weeks. Not too bad (more then normal) as we are away this weekend where most of the spending will be then a local beer festival the weekend before payday.

    Waiting for the wardrobe to be finally delivered today. They better not make the same mistake again!

    Update on my bank account switches:

    Co-op sent me paperwork stating a £200 overdraft, then sent me a decline account letter. Didn't really want them anyways.
    TSB have sent me my pin number, just waiting for my card then I'll sort out online banking.
    Last edited by hign10pines; 03-07-2017 at 8:11 AM.

    Surveys 2017: Opinion Outpost - £5 £10 | Prolific - £20.55 £65
    Debt: £7462 | 1250 OD | 189 Aqua | 4773 Loan | 460 Lloyds | 435 Marbles | 355 Barclaycard
    • enthusiasticsaver
    • By enthusiasticsaver 3rd Jul 17, 8:47 AM
    • 4,674 Posts
    • 8,840 Thanks
    enthusiasticsaver
    I second HIs advice to close down the credit cards or you may find yourself in a few years time with 3 loans plus credit cards, a debt cycle you will find difficult to get out of. Consolidation rarely works in getting rid of debt but if you were only paying minimums on credit cards and paying interest on them this would be why they were not decreasing. I would close the Barclaycard and lloyds credit card so you are not tempted to spend on them when money is tight which inevitably it will be.

    Looking at your soa I don't see how you will be able to afford these loans once you are at uni though. Also £200 per month for entertainment is high when you are in debt. Can you move somewhere cheaper as £750 is more than half your income?
    4 weeks to go until early retirement in December . Debt free and mortgage free.

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • hign10pines
    • By hign10pines 3rd Jul 17, 11:46 AM
    • 356 Posts
    • 358 Thanks
    hign10pines
    I second HIs advice to close down the credit cards or you may find yourself in a few years time with 3 loans plus credit cards, a debt cycle you will find difficult to get out of. Consolidation rarely works in getting rid of debt but if you were only paying minimums on credit cards and paying interest on them this would be why they were not decreasing. I would close the Barclaycard and lloyds credit card so you are not tempted to spend on them when money is tight which inevitably it will be.

    Looking at your soa I don't see how you will be able to afford these loans once you are at uni though. Also £200 per month for entertainment is high when you are in debt. Can you move somewhere cheaper as £750 is more than half your income?
    Originally posted by enthusiasticsaver
    £750 is cheap where we are. Do you mean over half my income once I'm at uni as it isn't currently.

    Oh I won't be spending £200 a month on entertainment , I just set it at max to see how the budget would look.

    Excuse me while I go and kill the child that refuses to stop jumping about or the parents who don't do anything about it!
    Last edited by hign10pines; 03-07-2017 at 12:13 PM.

    Surveys 2017: Opinion Outpost - £5 £10 | Prolific - £20.55 £65
    Debt: £7462 | 1250 OD | 189 Aqua | 4773 Loan | 460 Lloyds | 435 Marbles | 355 Barclaycard
    • hign10pines
    • By hign10pines 5th Jul 17, 10:14 AM
    • 356 Posts
    • 358 Thanks
    hign10pines
    No more work till 13th July! It's an extra shift so isn't too bad, I'm actually not back at work till 22nd July Work is stressing me out sooooooooo much!!

    Should I have received my TSB card by now?

    I know people say don't take out a loan to pay off credit cards but I like having a fixed payment each month that I can overpay on and that I can't re-spend on. Maybe next year I can try for a better APR to cover the two higher APR loan but to only cover the remaining time period, not extending it.

    Loan 1 ends March 2022 (148.71)
    Loan 2 ends February 2019 (120)
    Loan 3 ends June 2020 (92.11)

    Surveys 2017: Opinion Outpost - £5 £10 | Prolific - £20.55 £65
    Debt: £7462 | 1250 OD | 189 Aqua | 4773 Loan | 460 Lloyds | 435 Marbles | 355 Barclaycard
    • Hiddenidenity
    • By Hiddenidenity 5th Jul 17, 1:14 PM
    • 4,230 Posts
    • 26,372 Thanks
    Hiddenidenity
    What works for one won't work for another, it might look better on paper and less interest but if you find the loan works better than that's whats best for you.

    Enjoy your time of work
    • debrag
    • By debrag 7th Jul 17, 10:01 AM
    • 3,378 Posts
    • 1,719 Thanks
    debrag
    Away at a 24hr race in Derby. Can't log in on my usual name as no password is recognised and every time I try to recover / reset it the site never recognises the captcha!!!!

    Was looking at a better loan to cover the higher Apr two loans and reduce the term. Could only find something costing £270 ish a month for 2 years APR something like 99.9%! You can tell my credit history is crap can't you.
    • hign10pines
    • By hign10pines 10th Jul 17, 5:19 PM
    • 356 Posts
    • 358 Thanks
    hign10pines
    Update on banking switch:

    I have finally received my card for my new bank account but I can still access my old bank account. It's been 10 days since I started the switch should everything be sorted now? My card came sometime between days 8-10 (I've been away) so taking post into account, that side of things have been on track. Also got a letter from my old bank dates 27th June about the switch, doesn't say anything other than if I didn't request it to get in touch!

    Surveys 2017: Opinion Outpost - £5 £10 | Prolific - £20.55 £65
    Debt: £7462 | 1250 OD | 189 Aqua | 4773 Loan | 460 Lloyds | 435 Marbles | 355 Barclaycard
    • hign10pines
    • By hign10pines 10th Jul 17, 9:35 PM
    • 356 Posts
    • 358 Thanks
    hign10pines
    Having issues with my current uni modules I received an email a few days ago stating that they suspect plagiarism due to referencing etc I've had to explain myself and now I'm worried I'll fail. Q1 I references the articles in the required place (was told didn't need to for each actual question), was told no referencing required for q2 and I did reference q3 but they act like I didn't!!!!!

    I'm going to need a miracle for Portsmouth to accept me now

    Surveys 2017: Opinion Outpost - £5 £10 | Prolific - £20.55 £65
    Debt: £7462 | 1250 OD | 189 Aqua | 4773 Loan | 460 Lloyds | 435 Marbles | 355 Barclaycard
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