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  • FIRST POST
    • Seasidegal58
    • By Seasidegal58 18th Sep 16, 1:27 PM
    • 494Posts
    • 2,466Thanks
    Seasidegal58
    Paid off the £31,000! BUT - still scrimping!
    • #1
    • 18th Sep 16, 1:27 PM
    Paid off the £31,000! BUT - still scrimping! 18th Sep 16 at 1:27 PM
    Hereís to my new shiny diary now that I am debt free!

    I have finished my previous diary which detailed my debt free journey. This went well for some months Ė I then failed dismally, managed to pull myself together to pay off half then had a lucky windfall which cleared the rest. If you want to have a look itís called ďScrimping Behind the Scenes Ė with Debt of £31,000!Ē (sorry, I canít manage to get the link to work!).

    In the diary I detailed how I was trying to pay off the debt without alerting the fact to family and friends as I was too embarrassed to let anyone know the extent of my folly!

    I have however decided to carry on scrimping as I have a few retirement issues coming up. One of the things that will make scrimping easier is that I donít have to do this in secret anymore! My reasons for cutting back financially will be out there for friends and family to see Ė which will let some of the pressure off!

    I am now in my early sixties but my State pension will not kick in for another four and a half years. I will not be getting the full whack as I have had contracted out of the second State pension because I was a member of a previous employerís final salary scheme. Luckily this pension will take a little of the headache away and I have a couple of small DCB schemes from other employment over the years though these will not amount to much. I am in my current employerís company scheme and both they and I pay into this Ė though again itís not going to be life changing!

    I calculate that I when I retire my income will be slashed by well over half so to carry scrimping would be a good run up to retirement test for me.

    A big worry is that the firm I work for was recently bought out. I have been through this sort of thing with previous employers. What tends to happen is this:

    1. Big lovey-dovey honeymoon period between new owners and old owners (who have been paid out, but stay on for goodwill).

    2. New owners and old owners start to fall out over the management of the company. The new owners want to run the company their way and old owners think they know better.

    3. Bad feeling hits all round and new owners start to have a ďpeopleĒ clear out.Ē

    Iím rather apprehensive about the possibility of a people clear out because of my age. I think I will be ok as long as my boss is there but unfortunately he is older than me!

    Accordingly, my next scrimpy goal is to fully fund my ďEmergency Fund.Ē It currently stands at £3,000- but I would like to see it at £10,000 to feel safe. If I can fund it with £1,000 per month (like I did with my debt), I will have £10,000 by end April next year.

    So today is going to be a NSD. I have £26.90 left spending money and £18.33 in the grocery budget till I get paid next Friday.

    So here we go again Ė interesting times!
    Finally Debt Free! - July 2016
    Scrimpy Goal - Emergency Fund - £10,000
    Currently: £6027.22 (25/11/2016)

    My debt free diary - " Paid off the £31,000 - BUT still scrimping!"

    NST: December 2016- NSDs: 1/15
Page 2
    • Seasidegal58
    • By Seasidegal58 8th Oct 16, 7:32 PM
    • 494 Posts
    • 2,466 Thanks
    Seasidegal58
    Quiet day today. When the guy fitted and tested the new washing machine the other day he said that he thought my kitchen sink drain was blocked. Accordingly I popped out today and bought some drain unblocker. Also needed some food bits from Co-op.

    Im afraid I did succumb to a cheeky spend of £4.99 which was a book downloaded from Kindle called The Recovering Spender that brizzle has been reading. This will be the only unbudgeted ďthingĒ I will buy for the rest of the month I promise!

    So Week 2 has finished and I have been able to sweep £110.59 across from spends and £1.34 from food across to the Holiday category debit and this has now been reduced to a slightly better figure of £173.07.

    One other piece of really good news that I completely forgot is that my employer will not be debiting my monthly season ticket payment from my salary at end of month as this is one of the two non-payment months. So £320 will be freed up for the washing machine! And this forgetfulness Mysteek is why I shouldnít stooze!

    I've just bought my new season ticket on my M&S card and will reclaim this back from employer towards the end of the month. So some nice loyalty points accruing on the M&S card (though not as much as last year as they have reduced the number of points earned on non-M&S transactions )

    This year my new ticket takes the form of a Smartcard and also gives me four non-peak time tickets for our line and I have winged these across to DD for when she visits. You also get automatic refunds pro-rata if your trains are more than a few minutes late. Our line does have a good record for punctuality so they have obviously thought out that one! Another perk with the ticket was that I have a annual senior railcard for when I travel up to see DD in north of England which has only cost me £10 instead of £30.

    So week 2 starts tomorrow. I will pop up to Aldi to sort out fruit and veg and other bits for this week as I'm back to work on Monday. Donít have anything on socially and just a couple of budgeted birthday cards to buy so hopefully will have a good sum to put onto the holiday debit by end of week.

    P.S and isnít it bliss to have a quiet washing machine!
    Finally Debt Free! - July 2016
    Scrimpy Goal - Emergency Fund - £10,000
    Currently: £6027.22 (25/11/2016)

    My debt free diary - " Paid off the £31,000 - BUT still scrimping!"

    NST: December 2016- NSDs: 1/15
    • brizzledfw
    • By brizzledfw 8th Oct 16, 10:15 PM
    • 6,293 Posts
    • 29,974 Thanks
    brizzledfw
    I have never managed to stooze Mysteek...let me know if you manage to nail the technique.

    Have a great weekend SSG - all sounding good. Especially like the quiet washing machine
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    New debt: £10,000 0% ;
    Declutter 50 items before 31.12.16 xx/50 ** LSDs Target 10 for December xx/10 **AFDs xx/17
    **NSDs Target 6 for December xx/6
    • Sun Addict
    • By Sun Addict 9th Oct 16, 4:23 PM
    • 3,265 Posts
    • 16,408 Thanks
    Sun Addict
    Hello SSG - glad you had a fab holiday. I'm back to work tomorrow too (boo). I've never stoozed either - I got into enough of a pickle when I had a Mr S credit card just to use in there alongside my usual Mr T one to use for everything else.
    Debt free date 31/01/15
    Virtual Sealed Pot £295.11
    Weight loss 9.5/14
    Mr SA finally in remission December 2013
    • jazzyjustlaw
    • By jazzyjustlaw 9th Oct 16, 6:54 PM
    • 1,324 Posts
    • 1,828 Thanks
    jazzyjustlaw
    Loving the thread hope you don't mind me following.
    All my views are just that and do not constitute legal advice in any way, shape or form.£2.00 savers club - £20.00 saved and banked (got a £2.00 pig and not counted the rest)Joined Store Cupboard Challenge]
    • Seasidegal58
    • By Seasidegal58 9th Oct 16, 10:49 PM
    • 494 Posts
    • 2,466 Thanks
    Seasidegal58
    Hi jazzy - it's great to have you aboard!

    Iíve joined the October No Spending Day thread today to give me a boost in keeping me on track. Iíve signed up for 12 no spending days till end of month so hopefully might be able to exceed that target. Lots of great goals, ideas and support on the thread so here goes!

    Just popped to Aldi today and topped up the groceries. Have £4.21 food budget left for the week but will have to buy some almonds tomorrow. So a nice NSD today to start me off!

    £18.10 was added to the emergency fund today from the Santander 123 monthly interest and cashback.

    Iíve also decided to set up a YNAB category for the newspaper I buy during the work week Ė itís £1.40 per day so I think it deserves itís own space on YNAB. So Iíve debited the cost for the rest of the month from Week 3 and 4 Spending categories which had brought these amounts down to c.£165 for the month.

    Looking back over ďClothesĒ Ė Hmmm yes Ė Clothes - which in my case also means Weight

    At the beginning of my previous diary back in April 2014 I wrote this:

    ďI note that I left one ďessentialĒ off my list yesterday and that was clothes. Tbh I have loads of clothes (one of the reasons for the debt!) and donít foresee buying any in the near future. I currently have clothes in four different sizes (some still with tags on - I canít get into them!) so this will also be an incentive to drop some weight properly. I will probably need some new underwear at some stage but I have £110 in Marks & Spencerís vouchers which I am keeping for this purpose and perhaps a clothes emergency, though I canít envisage what this might be!. I like their underwear as I find itís comfortable for me.Ē

    Well most of these clothes are still under the bed! I did manage to go down one dress size, but have stuck there basically while I have yoyo'd up and down. And of course I have had to buy new clothes, shoes etc. I bought the Marie Kondo book when it first came out Ė I found her method of storing clothes, etc very handy but when it came to sitting there and picking "the clothes that give you joy" - well that totally fell to pieces! Because I am overweight I donít actually think I ever look that great - I can look neat and tidy and professional for work and thereís nothing wrong with the style of my clothes but I donít think I do them any justice! There was no actual clothing apart from handbags and boots that I actually liked. So I couldnít throw hardly any of the clothes because I would have had nothing to wear!

    So after weighing myself today for the first time since I got back from holiday I have had a nasty shock and am now going to really try and do something about it. Iím going back on the 5:2 diet tomorrow and will try for 1500 calories on the non-5:2 days during the week and ease off a little at the weekend or if I do go out for a meal. On the NSD thread one of this monthís goals is to eat your 5 a day and exercise more so this will be an incentive.

    One of the other things I am going to start next month is to have an actual YNAB budget category for clothes as it is silly to think I wonít need anything going forward Ė I know Iíll need underwear, new winter boots and probably a few other things that I havenít thought of.

    So for tomorrow - packed lunch of sandwich, fruit and toms in the fridge, porridge when I get to work and a low calorie meal tomorrow night!
    Finally Debt Free! - July 2016
    Scrimpy Goal - Emergency Fund - £10,000
    Currently: £6027.22 (25/11/2016)

    My debt free diary - " Paid off the £31,000 - BUT still scrimping!"

    NST: December 2016- NSDs: 1/15
    • Mysteek
    • By Mysteek 10th Oct 16, 12:50 PM
    • 211 Posts
    • 480 Thanks
    Mysteek
    I just wish I could get on here more often, just reading your diary seasidegal gives me so much enthusiasm and a bit of a Ďkick up the backsideí to keep me on the straight and narrow. You seem so organised and organisation makes me happy Ė sad arenít I lol

    Ok re stoozing. I thought I would try and give it a go but I just donít have the time to be sourcing high interest savings accounts and moving stuff from here to there to get the best rates and remembering when things come off their 0% rate. But give it a go I did, the money is only in normal savings accounts as I said above I just donít have the time to look for better ones. Iím also not sure itís worth all the effort to gain a few pounds of interest.

    Anyway thatís not the main Ďdifficultyí for want of a better word, itís the fact I have credit cards again! Just the fact that it seems like debt again really irritates me and I keep wanting to go and pay them off, so I think just purely from this point of view stoozing is not for me. I was going to wait till after Christmas before I did anything but I have already gone and paid one off this morning and will do the other later today when I have time.

    The other thing is that having all that money in my savings account is very very tempting. When youíre in debt and indeed when youíre working to get out of debt, you donít have the money to have stuff done in the house etc. and now all these things need doing. Yesterday, I nearly caved in. We were looking at stuff on line with the intention of borrowing from the savings account and then putting it back over next 2/3 months. I had stuff already in my basket but then something pulled me back from the brink and I didnít press the button and I said weíd just have to wait and save up. So before I have any more of these moments the money will be gone from my savings account and the credit cards will be paid off. No more temptation phew! At least I can say I tried.

    Oh gosh Iíd better log off before I ramble on any more, I donít want to hijack your diary Seasidegal. Hmmm maybe I should start another one of my own, what do you think?

    Bye for now x
    MFIT #73 - Pay all mortgage off in 3 years £46,400£34,295 PAID £12,105
    • Sun Addict
    • By Sun Addict 10th Oct 16, 8:02 PM
    • 3,265 Posts
    • 16,408 Thanks
    Sun Addict
    Is the £1.40 newspaper you buy The Times? If so why don't you get a subscription, they do some great offers. I've got one and I pay £12 a month for 7 days a week.
    Debt free date 31/01/15
    Virtual Sealed Pot £295.11
    Weight loss 9.5/14
    Mr SA finally in remission December 2013
    • Seasidegal58
    • By Seasidegal58 11th Oct 16, 8:14 PM
    • 494 Posts
    • 2,466 Thanks
    Seasidegal58
    Well after all my good intentions of NSD yesterday it went pear-shaped! On Sunday night I felt a sore throat coming on which developed overnight to full scale cough and streaming nose yesterday morning. I felt really rough but went into work as I have a lot on after my holiday. Ended up buying cough mixture, lozenges and paracetamol! Only positive thing was I couldn't face food and only had a banana all day. After going to bed at 6.45pm last night today I felt better - still couldn't face sandwich and ended up buying Pret soup for lunch. It's soup again tonight so one good thing is that I've got off to a flying start on the diet!

    Mysteek - I think you've been absolutely sensible about the credit cards. I'm a bit like you time wise - I've never got around to surveys and comping. Am saving them up for when I retire! . Why don't you give a new diary a go - it does help you focus - and you get lots of lovely support!

    And you are so right SA about the subscription. It's a no brainer and I should have got round to it ages ago. Have duly rung Times up today and subscribed!
    Finally Debt Free! - July 2016
    Scrimpy Goal - Emergency Fund - £10,000
    Currently: £6027.22 (25/11/2016)

    My debt free diary - " Paid off the £31,000 - BUT still scrimping!"

    NST: December 2016- NSDs: 1/15
    • Mysteek
    • By Mysteek 12th Oct 16, 12:41 PM
    • 211 Posts
    • 480 Thanks
    Mysteek
    So sorry you're not feeling too well Seasidegal, there's a bit of it about. Hope you feel better soon x
    MFIT #73 - Pay all mortgage off in 3 years £46,400£34,295 PAID £12,105
    • Seasidegal58
    • By Seasidegal58 12th Oct 16, 8:36 PM
    • 494 Posts
    • 2,466 Thanks
    Seasidegal58
    Thanks Mysteek - still got the cough and leaky nose but feeling much better than yesterday.

    Had packed sandwich lunch today - also my boss had lunch out and came back with a two cronuts for me which is a cross between a croissant and a doughnut. Didn't really fit in with my diet plans but I must have been feeling better because I ate one - it was really yummy. I did give the other to a work colleague though!

    My contents insurance runs out at end of month so spent my lunch hour trawling web. My current provider sent me a cheeky renewal of £143 which I thought was a bit steep since it was only £80 last year

    Anyway I managed to get it for £53 in the end. Couldn't get it via quidco but confused.com has given me a year's supply of two for one cinema tickets for Tuesdays and Wednesdays so they'll come in handy. Was so annoyed with current provider I didn't even ask them to match it, just told them to cancel auto renewal.

    My annual travel insurance is ending soon too so that will be next job tomorrow.

    Anyway going to have more soup and vitamins now - cronut has filled me up!
    Finally Debt Free! - July 2016
    Scrimpy Goal - Emergency Fund - £10,000
    Currently: £6027.22 (25/11/2016)

    My debt free diary - " Paid off the £31,000 - BUT still scrimping!"

    NST: December 2016- NSDs: 1/15
    • Sun Addict
    • By Sun Addict 12th Oct 16, 9:00 PM
    • 3,265 Posts
    • 16,408 Thanks
    Sun Addict
    Great result on the insurance front. I got a good deal this year from Legal & General - £108 for the year with a £100 M&S gift card - so £8 in effect - bargain

    Hope you feel better soon xx
    Debt free date 31/01/15
    Virtual Sealed Pot £295.11
    Weight loss 9.5/14
    Mr SA finally in remission December 2013
    • Seasidegal58
    • By Seasidegal58 12th Oct 16, 9:06 PM
    • 494 Posts
    • 2,466 Thanks
    Seasidegal58
    Well done you! That's a proper result!

    (I think our posts have crossed!)
    Finally Debt Free! - July 2016
    Scrimpy Goal - Emergency Fund - £10,000
    Currently: £6027.22 (25/11/2016)

    My debt free diary - " Paid off the £31,000 - BUT still scrimping!"

    NST: December 2016- NSDs: 1/15
    • in need of direction
    • By in need of direction 13th Oct 16, 7:40 AM
    • 4,063 Posts
    • 22,745 Thanks
    in need of direction
    Insurance is one of my weekend jobs. Current insurer sent thru proposal, went to great lengths to specify two changes and, when I read thru, I noticed that they had omitted all high value items. I believe that it is miselling. I just feel sorry for whoever answers my call on Saturday.
    Mortgage at 01.01.14 £119,481.83 today £86,391.14 yr1 target met 11.57% cleared
    Current target pay £26,805.30 by 31.12.2016. more than £14660.82 54.69% paid to date

    Emergency fund £3.8k & £200 cash. Mortgage offset fund £6237.54.
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • Mysteek
    • By Mysteek 13th Oct 16, 12:16 PM
    • 211 Posts
    • 480 Thanks
    Mysteek
    Amazing results on the insurance Seasidegal58 and Sun Addict!
    MFIT #73 - Pay all mortgage off in 3 years £46,400£34,295 PAID £12,105
    • Sun Addict
    • By Sun Addict 13th Oct 16, 7:40 PM
    • 3,265 Posts
    • 16,408 Thanks
    Sun Addict
    Oh dear INOD Give 'em hell!
    Debt free date 31/01/15
    Virtual Sealed Pot £295.11
    Weight loss 9.5/14
    Mr SA finally in remission December 2013
    • Seasidegal58
    • By Seasidegal58 13th Oct 16, 8:45 PM
    • 494 Posts
    • 2,466 Thanks
    Seasidegal58
    Thanks Mysteek! Wow inod - any chance I can listen in on Saturday "for quality and training purposes"! Good on you for reading through the proposal properly!

    Totally overslept today and mad rush to get out - so mad that I forgot mt packed lunch. so ruined my NSD as bought Pret soup! Had more soup with bread tonight with the toms and fruit I had forgotten this morning. I do hope that all this soup will have a lightening effect on the scales when I weigh myself at the weekend.

    So lunchtime I went on web again for (budgeted) annual travel insurance - I have pre-existing medical conditions and at my age it's never going to be dirt cheap. I check on the comparison site and then with my existing provider who wasn't on the site. This still came off a couple of pounds cheaper and I managed to get 16% back with quidco so only actually worked £2 pounds dearer than last year!

    The other positive was that I take out an annual subscription to an industry magazine for my boss. I buy it online with my Cashback card and then claim it back from firm. So earned £ 2.80 for nothing!

    Must remember the sandwich tomorrow. Feel lots better - just seem to have grotty cough left!
    Finally Debt Free! - July 2016
    Scrimpy Goal - Emergency Fund - £10,000
    Currently: £6027.22 (25/11/2016)

    My debt free diary - " Paid off the £31,000 - BUT still scrimping!"

    NST: December 2016- NSDs: 1/15
    • Sun Addict
    • By Sun Addict 14th Oct 16, 9:47 PM
    • 3,265 Posts
    • 16,408 Thanks
    Sun Addict
    Glad to read you feel better. I always make a huge batch of soup on a Sunday for work lunches, been doing this since I joined WW 14 years ago. Recently bought a Morphy Richards soup maker which is brilliant.
    Debt free date 31/01/15
    Virtual Sealed Pot £295.11
    Weight loss 9.5/14
    Mr SA finally in remission December 2013
    • Seasidegal58
    • By Seasidegal58 15th Oct 16, 9:33 PM
    • 494 Posts
    • 2,466 Thanks
    Seasidegal58
    Thanks SA. This week I've been quite enjoying my soup meals even though feeling grotty. My default packed lunch is always sandwiches but I might start giving the soups a go now and again.

    I did take my sandwich into work yesterday so that ended up a NSD.

    Today though I met a friend for brunch - £11.85. I also received my newspaper vouchers to start on Monday.

    The other thing I did was ring up Santander and opened a Regular Esaver account for current account holders. This gives you 3% interest for a year and you can put up to £200 per month from your current account and withdraw it at any time. I've moved this across today. I've totally missed this savings account in the past! Only saw it on Wednesday via the weekly MSE email!
    Finally Debt Free! - July 2016
    Scrimpy Goal - Emergency Fund - £10,000
    Currently: £6027.22 (25/11/2016)

    My debt free diary - " Paid off the £31,000 - BUT still scrimping!"

    NST: December 2016- NSDs: 1/15
    • Sun Addict
    • By Sun Addict 16th Oct 16, 5:55 PM
    • 3,265 Posts
    • 16,408 Thanks
    Sun Addict
    I did one of those with the Halifax, you have to commit to save a regular amount each month for a year to get the higher interest. At least it makes me save which is good.
    Debt free date 31/01/15
    Virtual Sealed Pot £295.11
    Weight loss 9.5/14
    Mr SA finally in remission December 2013
    • Mysteek
    • By Mysteek 18th Oct 16, 1:24 PM
    • 211 Posts
    • 480 Thanks
    Mysteek
    Ah yes HSBC do one of these, 5% for Advance account holders, but its only for a year and maximum you can save is £3,000 per year or £250 per month. I have thought of doing one but didn't know if I would want to commit that amount of money just yet until I had my other ducks in a row
    Last edited by Mysteek; 18-10-2016 at 1:27 PM.
    MFIT #73 - Pay all mortgage off in 3 years £46,400£34,295 PAID £12,105
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