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  • FIRST POST
    • crunch_time
    • By crunch_time 23rd Oct 16, 8:22 PM
    • 949Posts
    • 2,378Thanks
    crunch_time
    Learning to budget to make future adventures happen
    • #1
    • 23rd Oct 16, 8:22 PM
    Learning to budget to make future adventures happen 23rd Oct 16 at 8:22 PM
    Evening everyone!

    I've decided its time for a new diary after sort of losing steam with my old one.

    In September 2013 our debt peaked at £29k. With some luck, a vague budget, changing priorities (kids), and some significant salary increases we have now got it down to circa £13-14k.

    I have learned lots during the process but the thing that I feel is holding us back is our inability to stick to a budget (or, more accurately, create a realistic budget).

    So basically the grand plan is to smash this 'debt hangover' as the hubs and I call I, as soon as possible so we can start using the money we currently use to pay it off for the adventures we have been planning pretty much all our adult lives. And also the things we should be doing at our age to be financially savvy like overpay the mortgage, contribute more into pension pots etc etc.

    I love the support from the wonderful people on this forum and look forward to sharing this adventure with you all!

    More info to follow!

    Crunchy
    LBM June 2014.
    Original debt £23,555 vs Now £0

    PAYDBX 2017 - #85 £12,675/£2800 77% Paid!! (Currently on hold due to......)
    Husbands Credit card (0%)£3020 My Credit card (0%) £1176
    Savings pot £550 Long term savings (finally) £840
Page 14
    • mummytogirls
    • By mummytogirls 10th Apr 17, 9:47 AM
    • 5,302 Posts
    • 15,873 Thanks
    mummytogirls
    Morning Crunchy,

    £70 on a takeaway , did he buy one of everything
    Yesterday sounds nice for you guys and we have to do these things every now and again I reckon! xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £7586.76 - 31/05/17 - 67.25% paid off
    • crunch_time
    • By crunch_time 10th Apr 17, 4:12 PM
    • 949 Posts
    • 2,378 Thanks
    crunch_time
    Morning Crunchy,

    £70 on a takeaway , did he buy one of everything
    Yesterday sounds nice for you guys and we have to do these things every now and again I reckon! xx
    Originally posted by mummytogirls
    Ha! He bought 4 x curry and rice, naans, poppadoms, chutneys and dips, samosas and bajis, 4 large pizzas, 2 crates of beer, 2 tubs of b and j s ice cream and a pack of magnums. It was ridiculous. And he knows it! He can't be trusted anymore. We had he leftover pizza for our picnic yesterday.

    We certainly do need to do these things every so often.

    I'm having an eat the cupboards and freezer empty session before we buy anymore food. Tonight we are having turkey breasts with leftover dregs of a bag of oven chips, gnocchi and frozen mash just to use it up.

    Also took a load of stuff to the charity shop today and spent an hour with my children at the park so feeling very virtuous!!

    Must really try and be more frugal.

    Crunchy xx
    LBM June 2014.
    Original debt £23,555 vs Now £0

    PAYDBX 2017 - #85 £12,675/£2800 77% Paid!! (Currently on hold due to......)
    Husbands Credit card (0%)£3020 My Credit card (0%) £1176
    Savings pot £550 Long term savings (finally) £840
    • mummytogirls
    • By mummytogirls 11th Apr 17, 9:18 AM
    • 5,302 Posts
    • 15,873 Thanks
    mummytogirls
    The takeaway sounded delicious though!!! Im glad you got another days lunches out of it xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £7586.76 - 31/05/17 - 67.25% paid off
    • crunch_time
    • By crunch_time 11th Apr 17, 5:19 PM
    • 949 Posts
    • 2,378 Thanks
    crunch_time
    The takeaway sounded delicious though!!! Im glad you got another days lunches out of it xx
    Originally posted by mummytogirls
    I'm going to be enjoying the last of the curries, poppadoms and beer tonight as well! Then I really must get back on it.

    Xx
    LBM June 2014.
    Original debt £23,555 vs Now £0

    PAYDBX 2017 - #85 £12,675/£2800 77% Paid!! (Currently on hold due to......)
    Husbands Credit card (0%)£3020 My Credit card (0%) £1176
    Savings pot £550 Long term savings (finally) £840
    • crunch_time
    • By crunch_time 11th Apr 17, 5:26 PM
    • 949 Posts
    • 2,378 Thanks
    crunch_time
    I've done some sums and we will have to pair the car excess into credit card tonne swiftly paid off when I get paid next week. Life has happened and I'm just going to have to get over it. In fact - I already have.

    We have £80 to last us 2 weeks which should be fine so long as we don't go too crazy. Famous last words (this is spending money).

    We also have about £150 food money which I'm determined not to go over with.

    Husband is on holiday this week so going to enjoy some time off as a family before schools are back on Tuesday. I've told him we have got to be frugal after his last escapade!!!

    Today has been a nsd!!!! I haven't even left the house!!

    I think I'm going to have to go to mr a tomorrow as we are running out of fresh stuff.

    Plod plod plodding this debt away!!

    Crunchy xx
    LBM June 2014.
    Original debt £23,555 vs Now £0

    PAYDBX 2017 - #85 £12,675/£2800 77% Paid!! (Currently on hold due to......)
    Husbands Credit card (0%)£3020 My Credit card (0%) £1176
    Savings pot £550 Long term savings (finally) £840
    • JoJoC
    • By JoJoC 12th Apr 17, 9:30 AM
    • 1,144 Posts
    • 3,508 Thanks
    JoJoC
    Crunchy, your husband sounds very like mine! Good most of the time (but hates being told 'no') and when he spends, he SPENDS. I think it's hard for him because I'm the one in control of the purse strings (we're both happy with this) so he doesn't need to do the firefighting when the pots go beyond empty.

    You seem to be on track for the rest of the month, though
    CC1: 3,774.32/4,200 | CC2: 5,077/5,393 | Loan: 7,430/15,000
    Total: 16,292.57/20,032 Paid since Feb17: 3,739 or 18.66%

    Mummy of two boys - Working hard to make better financial choices!
    *My debt busting and savings diary*
    • crunch_time
    • By crunch_time 12th Apr 17, 2:09 PM
    • 949 Posts
    • 2,378 Thanks
    crunch_time
    Crunchy, your husband sounds very like mine! Good most of the time (but hates being told 'no') and when he spends, he SPENDS. I think it's hard for him because I'm the one in control of the purse strings (we're both happy with this) so he doesn't need to do the firefighting when the pots go beyond empty.

    You seem to be on track for the rest of the month, though
    Originally posted by JoJoC
    Yes JoJoC they sound very similar!!

    Quick update - the bank have told us that as of today the loan is actually £887 rather than £950 so very pleased with that! Total debt now £4075 excluding the £250 excess i just had to pay for the car!! That will be paid off in a weeks time anyway so im not even counting it.

    I still haven't heard anything about my 0% card. I will ring them tomorrow. Part of me doesn't want it now anyway. Maybe I will cancel it.

    Really must do some school work tonight. (sad face).

    Crunchy xx
    LBM June 2014.
    Original debt £23,555 vs Now £0

    PAYDBX 2017 - #85 £12,675/£2800 77% Paid!! (Currently on hold due to......)
    Husbands Credit card (0%)£3020 My Credit card (0%) £1176
    Savings pot £550 Long term savings (finally) £840
    • crunch_time
    • By crunch_time 13th Apr 17, 4:25 PM
    • 949 Posts
    • 2,378 Thanks
    crunch_time
    Afternoon all!!

    Trying to enjoy a lovely day off with husband but 2.5 year old dd keeps whingeing and it's driving us crazy. He's taken them off to the post office so I have 5 mins to update you on the credit card situation as I am looking to beyond 16 days time when we will become 'loan free' for the first time in 15 years!!!

    So I rang the credit card company and my card and pin are in the post. One of the balances has been transferrred but not the other as it's held with the same company - very annoying. I wanted to cancel it but they have already transferred the balance - really cross that no one had told me. So basically this is the situation with credit cards.....

    We now have 3....

    - husbands bank one - balance is £250 plus some work expenses that he has already claimed for and we now face a long wait for as the conpany are rubbish at repaying. Expenses are about £350. Min payment about £15 a month

    - my 0% one - balance is £600 for dresser and the min payment is £100 a month.

    - husbands 0% - balance is £2588. I have made a 10x10 bingo square for this one. Each square represents £25. Min payment is £59 on the 28th April.

    So this is the plan of action

    - my 0% runs for the time being. Definitely will be paid off in 6 months though.
    - in the 28th April pay approx £25 off husbands 0% cc plus with min payment it will be £2500 allowing neat squares of £25.
    - husband pays off loan!!!!! £887 ish.
    - we also pay off £250 excess.
    - anything extra for may goes on his cc to get it down to £0. When the expenses eventually come through they can go on the bigger balance card.
    - then slush away the FINAL £2500 colouring each £25 square as we go using what we can over the next few months.

    I really want to start long term savings again but I think husband might want to just get rid of this. We shall see. He REALLY needs to boost his pension!!

    - once this is paid off - clear my 0% and finally be DEBT FREE!!!!!!!

    As easy as that!

    First step is counting down till loan freeness!! 16 days to go!!!!

    I really can't believe that this actually might happen soon!

    Crunchy xx
    LBM June 2014.
    Original debt £23,555 vs Now £0

    PAYDBX 2017 - #85 £12,675/£2800 77% Paid!! (Currently on hold due to......)
    Husbands Credit card (0%)£3020 My Credit card (0%) £1176
    Savings pot £550 Long term savings (finally) £840
    • crunch_time
    • By crunch_time 14th Apr 17, 5:30 PM
    • 949 Posts
    • 2,378 Thanks
    crunch_time
    Afternoon all!

    2 weeks today we will be loan free!!

    I'm also itching to get started on this 'bingo card' I've made.

    Husband and I were supposed to do lots of useful stuff around the house but we have both just collapsed in a heap today - him due to a 10 mile run this am and me because I did HIIT two days ago and my thighs are still burning!!

    I'm also feeling the back to school blues already and had a little cry today (might also be that time of the month). Husband is going to apply for a contracting job tonight and I'm going to do some work to ease the burden. Then he is going out for the day tomorrow so I can get myself prepared for the return to school.

    I've been doing some spreadsheet staring hoping that the big credit card will disappear but it hasn't lol! I'm going to have to work at it.

    We have paid £8600 of debt off this year so far - in 4 months!! The final £2500 is going to be the hardest. But we can do it. Just giving myself a little talking to!!

    Hope everyone has a lovely weekend!!

    Crunchy xx
    LBM June 2014.
    Original debt £23,555 vs Now £0

    PAYDBX 2017 - #85 £12,675/£2800 77% Paid!! (Currently on hold due to......)
    Husbands Credit card (0%)£3020 My Credit card (0%) £1176
    Savings pot £550 Long term savings (finally) £840
    • crunch_time
    • By crunch_time 19th Apr 17, 9:04 AM
    • 949 Posts
    • 2,378 Thanks
    crunch_time
    Morning diary,

    I'm off work today with a migraine. Its just about bearable with my own children but I cant bear to be in a room full of 30 others. As usual feel guilty and I know I will be on the back foot next week but hey ho it can't be helped. Its actually come on because yesterday was the first day of detoxing - no sugar, coffee, flour, fruit etc just meat or fish, veg, eggs, natural yogurt, quinoa or rice. I must be full of toxins as I feel headachy, sick, shaky and panicky. Rubbish. I hope to feel amazing in a few days time. I'm currently supping green tea on the sofa.

    So I've just done the banking and after siphoning off money for childcare, I have paid £400 off of the loan so it now stands at £487 ish, we have hit £3675 of total debt, 71% paid off or £9000 in total!!

    Very very pleased with that.

    Crunchy xx
    LBM June 2014.
    Original debt £23,555 vs Now £0

    PAYDBX 2017 - #85 £12,675/£2800 77% Paid!! (Currently on hold due to......)
    Husbands Credit card (0%)£3020 My Credit card (0%) £1176
    Savings pot £550 Long term savings (finally) £840
    • JoJoC
    • By JoJoC 19th Apr 17, 10:47 AM
    • 1,144 Posts
    • 3,508 Thanks
    JoJoC
    Wow, I can't believe you're getting so close to paying off that loan. Well done!

    Sorry to hear about the migrane but you're doing the right thing taking the time out to recover. The detox sounds great, I'll look forward to hearing tales of you bounding about with an abundance of energy next week!
    CC1: 3,774.32/4,200 | CC2: 5,077/5,393 | Loan: 7,430/15,000
    Total: 16,292.57/20,032 Paid since Feb17: 3,739 or 18.66%

    Mummy of two boys - Working hard to make better financial choices!
    *My debt busting and savings diary*
    • doingitanyway
    • By doingitanyway 19th Apr 17, 12:18 PM
    • 1,756 Posts
    • 7,997 Thanks
    doingitanyway
    [QUOTE=crunch_time;72422685]Morning diary,


    I am a fellow migraine sufferer. Get better soon
    Last edited by doingitanyway; 19-04-2017 at 12:22 PM.
    JANUARY 2016/SECURED DEBT=24,822/July 2017=7,500
    MORTGAGE FREE 25/07/16
    • crunch_time
    • By crunch_time 20th Apr 17, 7:06 PM
    • 949 Posts
    • 2,378 Thanks
    crunch_time
    Evening all!

    Day 3 of detox and I'm feeling sooooo much better. I even look brighter! I think it was my coffee habit that gave me the migraine rather than eating as I don't eat lots of carp. Today I started to reintroduce things so tried some oat cakes at lunchtime and Didn't feel any negative effect. Going to have a goats cheese salad for dinner and see how that makes me feel. I KNOW I need to avoid wheat and I'm also going to food combine now as I thinks that's the main problem for me. Thanks for you best wishes and I definitely recommend a detox!!

    In other news husband found a contracting job online, applied for it and got a really positive response from the agency and he is going to meet them in London next week. I'm pleased for him because contracting work is so much more exciting than what he is doing and he would be really good at it. However it means either a commute to London (1.5hrs away from us in train) for most of the week so late nights home or staying away from home a few nights a week. It would also mean he would be paid daily which I don't quite know yet how that works and also things like sick pay etc I'm not sure how that works. But the pay is like double what he is on at the moment so that's what he's in for.

    Lots of food for thought. I like the stability of his current job but know he is bored and would like to do this while he is still young (ish - 36) to get lots of experience in his field.

    Hmmmmm don't fancy him away a lot though.

    Crunchy xx
    LBM June 2014.
    Original debt £23,555 vs Now £0

    PAYDBX 2017 - #85 £12,675/£2800 77% Paid!! (Currently on hold due to......)
    Husbands Credit card (0%)£3020 My Credit card (0%) £1176
    Savings pot £550 Long term savings (finally) £840
    • crunch_time
    • By crunch_time 26th Apr 17, 7:02 AM
    • 949 Posts
    • 2,378 Thanks
    crunch_time
    Morning all

    Feeling the side effects of my detox. Loads of ulcers on my tongue and my tonsils are swollen. Been going on for a good 4-5 days now. My tongue is swollen and I'm having to take ibuprofen every four hours to keep the swelling from scratching my teeth - very sore!!!

    Not a very happy crunchy. Holding out for Friday when we will become loan free!!!!

    Crunchy xx
    LBM June 2014.
    Original debt £23,555 vs Now £0

    PAYDBX 2017 - #85 £12,675/£2800 77% Paid!! (Currently on hold due to......)
    Husbands Credit card (0%)£3020 My Credit card (0%) £1176
    Savings pot £550 Long term savings (finally) £840
    • abba1772
    • By abba1772 26th Apr 17, 8:43 AM
    • 3,634 Posts
    • 10,054 Thanks
    abba1772
    I need to wean myself off the diet dizzy drinks but give up around day 2 because of the heachahes so well done for sticking to it xx
    NEXT TARGET HALIFAX CC WAS July 17 £3572.57 NOW £5992.65
    POAMAYC 2011 £6382.66 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £8000.90
    POAMAYC 2017 £3427.27 / £6000
    • crunch_time
    • By crunch_time 28th Apr 17, 11:33 AM
    • 949 Posts
    • 2,378 Thanks
    crunch_time
    My dearest DFWs,

    It has happened! We are officially 'LOAN FREE!!!'

    If my emojis worked there would be loads right now! I can't tell you what a relief it is to be typing this.

    Back later for further update as DD has just woken up from her nap.

    Crunchy xx
    LBM June 2014.
    Original debt £23,555 vs Now £0

    PAYDBX 2017 - #85 £12,675/£2800 77% Paid!! (Currently on hold due to......)
    Husbands Credit card (0%)£3020 My Credit card (0%) £1176
    Savings pot £550 Long term savings (finally) £840
    • abba1772
    • By abba1772 28th Apr 17, 12:17 PM
    • 3,634 Posts
    • 10,054 Thanks
    abba1772
    Woo hoo congratulations on being loan free xx
    NEXT TARGET HALIFAX CC WAS July 17 £3572.57 NOW £5992.65
    POAMAYC 2011 £6382.66 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £8000.90
    POAMAYC 2017 £3427.27 / £6000
    • JoJoC
    • By JoJoC 28th Apr 17, 1:22 PM
    • 1,144 Posts
    • 3,508 Thanks
    JoJoC
    That is awesome news, congratulations!

    I'll look forward to seeing your signature update
    CC1: 3,774.32/4,200 | CC2: 5,077/5,393 | Loan: 7,430/15,000
    Total: 16,292.57/20,032 Paid since Feb17: 3,739 or 18.66%

    Mummy of two boys - Working hard to make better financial choices!
    *My debt busting and savings diary*
    • kirtsypoos
    • By kirtsypoos 28th Apr 17, 1:32 PM
    • 2,839 Posts
    • 12,668 Thanks
    kirtsypoos
    Congratulations Crunchy! You've been amazingly focused on this day and I'm so pleased for you that it's finally here
    £675/3000 OH BC(77.5% PAID)
    PAID VERY, Barclaycard x2, Vanquis, Natwest, O/D, Tesco & MBNA x2 PAID LBM 24/07/15 - Debt: £675/31010.23 (97.82% paid)
    Mortgage - £162,500.00 (2017 O/P £1469.82) PAYDBX 17 #006 - £15600.72/14,539.71
    • crunch_time
    • By crunch_time 28th Apr 17, 8:41 PM
    • 949 Posts
    • 2,378 Thanks
    crunch_time
    Evening all!

    Currently on my 2nd glass of wine and feeling very merry!

    It hasn't properly sunk in yet that we are loan free but I'm sure it will over the next few weeks or so! Just been doing a bit of banking and its going to be tight for May. I've had to put some money way for swimming lessons for the autumn term as I'm hoping DD will get a place although DS will be the priority. We have got some lovely plans though - Legoland in a couple of weeks time and a local boat trip next weekend. I've told the husband that we are not spending any money this weekend - just petrol and maybe £10 for swimming on Monday if we get bored. We have loads of sorting out to do of the house and errands to run so its going to be that sort of weekend for us which is fine and lovely.

    This summer we are going to...

    Legoland £225
    Center Parcs - £750
    Cottage holiday - £650.Payment for these will need to come out of my money since it is now the adventure fund! Woohoo!!

    Other than 3 NSD's for this weekend I'm hoping for a minimal nursery bill for DD on Tuesday/Wednesday since we have paid for £366 of childcare vouchers this month and our bill will be circa £385. I'm hoping to get change from the £400 I have saved to pay for Legoland.

    Not getting complacent is the key. Paying off the loan means so much but we have to stick to the budget to make sure that future adventures happen.

    Happy Bank holiday weekend y'all!

    Crunchy xx
    LBM June 2014.
    Original debt £23,555 vs Now £0

    PAYDBX 2017 - #85 £12,675/£2800 77% Paid!! (Currently on hold due to......)
    Husbands Credit card (0%)£3020 My Credit card (0%) £1176
    Savings pot £550 Long term savings (finally) £840
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