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    • jvr
    • By jvr 3rd Oct 16, 11:17 AM
    • 279Posts
    • 993Thanks
    jvr
    Changing habits, wanting freedom
    • #1
    • 3rd Oct 16, 11:17 AM
    Changing habits, wanting freedom 3rd Oct 16 at 11:17 AM
    So finally looking at starting a diary, need something to keep me on track! So debt stands at 5,481.43 was originally about 6,000 6 months ago. It’s a mixture of spending due to buying our first house and not adjusting to me being on a much lower income down about 10,000 a year.
    So I am 27 and live with my OH and two dogs and one cat. We want to think about having children soonish and the debt needs to be gone. Complications are due to the fact my OH is
    from SA, every two years we have had about 2,000 to pay out for visa’s we also have to send money back to SA to family over there. Luckily the next visa in 2.5 years time will be for citizenship but could cost about 3,000.

    1 year ago I quit my well paid but horrendous job and started working in admin and a horrifying low wage but without any of the stress. I’m a bit bored now but love my team and organisation so hopeful that I can change my role within the team and have it be a bit more interesting and more money!! Between me and OH we earn just under 40,000 a year so where the hell does it go!?
    Things holding us back – my OH is terrible with money (not that I am perfect) although he is getting better its hard. We also both smoke….. Switched to role ups and have halved the costs but still for our bank balance/ health and hope to have kids we have to stop this. My mental health is also a bit of a problem with on and off depression and anxiety making things tricky.
    I control our spending except for OH’s allowance which he often runs out of far too early considering how much he gets. For last 3 months have stopped putting anything on cards, have redecorated down stairs without making more debt and have paid off about 100 a month. Also started a savings account for Christmas and OH’s car insurance next year in hope to not spend ages paying debt just to get back into it when a big bill comes along! Did all the switching energy suppliers etc to save money but just seems to end up in black hole. Also started cycling to and from work which saves on bus fair and is good for health!
    Other big expense is I am have driving lessons at the moment which is holding back the debt repayment and feeling frustrating but has to be done if hope to get this other job ~(and just because in life it is good idea!!)
    Been reading lots of diarys and found so many people inspiring yet I still seem to run through money with nothing to show for it…. So hoping this will keep my on track!


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    Last edited by Former MSE Jessica; 30-05-2017 at 2:32 PM.
    Credit Cards: £6646.68
    Christmas Savings:0
    General Savings £82
    Car Savings (MOT &Insurance) 0
    Debt Free date: July 2019
Page 14
    • Honey Bear
    • By Honey Bear 9th Jun 17, 1:36 PM
    • 4,329 Posts
    • 43,791 Thanks
    Honey Bear
    Got to bed at 6.00 am this morning, so once I've caught up on sleep, housework and clearing the backlog of normal life which has been on hold for seven weeks - I'll be back, at last.

    Good to see you're still seriously thinking about how to tackle the debt issue, JVR, even if I haven't got the spare brainspace to put anything in words yet. Hang on in there.
    Keeping it AF
    • jvr
    • By jvr 9th Jun 17, 3:25 PM
    • 279 Posts
    • 993 Thanks
    jvr
    I didn't stay up all night - although I was tempted but just kept waking up to check!
    So this week been a bit spendier as not had a kitchen ... and the dog destroyed the microwave.. seriously!! but kitchen is now useable again
    Will be going for a drink tonight down the road but arranged to meet another friend for parkrun tomorrow so I can't have more than one glass of wine which saves me pennies and a hangover... then will go buy paint for the kitchen, we have an amazing recycled paint place so will go there and save a fortune.
    Otherwise it is just painting this weekend I think and relaxing after a very long week at work.
    Credit Cards: £6646.68
    Christmas Savings:0
    General Savings £82
    Car Savings (MOT &Insurance) 0
    Debt Free date: July 2019
    • jvr
    • By jvr 16th Jun 17, 11:56 AM
    • 279 Posts
    • 993 Thanks
    jvr
    So decided I would update early and be honest about my debt. We paid off the credit cards nearly £2000 and then put car insurance and remortgage costs onto my overdraft...I have now done money transfer to put these onto our credit card and added OH's debts so its not all increases its just now an absolute total of our joint debt........... my plan is from August to pay £250 off the debt a month which would take me till July 2019 if I made some overpayments. This allows us to put aside for MOT and for insurance which will go into my M&S account for bills.... absolute pain even with internet banking so I can guarantee its safe once in there! Until January 2018 we will also be putting £300 towards our trip to South Africa. This money is going to my building society account that you need to visit the bank with a book to get the money out.... my dad keeps this book as it also has OH's next visa application money in. So the plan after South Africa is to keep putting £200 in their and have that for savings for future car.
    I have also set debt repayment lower as will have some general savings money in an easy access account for house work/ mini trips whatever were doing the plan is to have a plan we actually stick to.. So although the number looks like we went back to square one and then took a few steps further back I'm feeling pretty positive and OH seems really on board. I said this week we had to live out of the freezer and he has actually done it! Normally its oh this would be nice with that i'll pop to he shop but nope!
    Last weekend was spendier than planned as bet some friends for drinks but it was lovely - not finished painting yet but the floor has been delayed so can get it done this weekend.


    Debt free date down as july 2019 but hoping I could push that to dec 2018!
    Credit Cards: £6646.68
    Christmas Savings:0
    General Savings £82
    Car Savings (MOT &Insurance) 0
    Debt Free date: July 2019
    • SpekySquarehead
    • By SpekySquarehead 19th Jun 17, 9:00 AM
    • 1,535 Posts
    • 11,570 Thanks
    SpekySquarehead
    Good luck with it JVR. You've got a well thought out plan in place.
    Debt Free Date: 29/09/16
    NSD (5/15)
    • jvr
    • By jvr 21st Jun 17, 8:53 AM
    • 279 Posts
    • 993 Thanks
    jvr
    So my pay day today yay! Due to pay rise I got the backdated pay from 1st of may so a nice wage this month.... money has been shuffled into bills account, the new food and money account, me and OH spending money accounts and saving account for general savings and upcoming wedding. Plus 300 set aside for floor which is now being done next Monday (must finish the painting of the ceiling before then!!)


    So as long as I stick to the budget all looking good (debt repayments are on OH's pay day) not drastic this month hopefully £150 from cheques for mortgage repayment and £100 from our account and then it will be 250 from wages each month after that...


    food shop arriving tonight and got my breakfast and lunch with me, sun is shining and I'm feeling positive
    Credit Cards: £6646.68
    Christmas Savings:0
    General Savings £82
    Car Savings (MOT &Insurance) 0
    Debt Free date: July 2019
    • SpekySquarehead
    • By SpekySquarehead 22nd Jun 17, 8:34 AM
    • 1,535 Posts
    • 11,570 Thanks
    SpekySquarehead
    Ahh payday, the best day of the month.

    It's just a shame how quick it disappears.
    Debt Free Date: 29/09/16
    NSD (5/15)
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