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  • FIRST POST
    • crunch_time
    • By crunch_time 23rd Oct 16, 8:22 PM
    • 1,050Posts
    • 3,094Thanks
    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 Paid off in April 2017.
    NEW DEBT: £7500 Now: £7500 Paid off £0 Long term savings £3440
Page 15
    • louby40
    • By louby40 28th Apr 17, 9:12 PM
    • 1,193 Posts
    • 3,278 Thanks
    louby40
    Well done! What a great feeling! Enjoy your wine and weekend
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £100/£600 Car maintenance £150/600
    Kitchen July £12,493 DEC £9,993. 25% paid off
    Barclaycard £90
    Car loan £2696 Mortgage £94,992
    TOTAL DEBT (with mortgage) = £108,044 (without mortgage) = £13,052
    • debtfreeoneday
    • By debtfreeoneday 29th Apr 17, 6:32 AM
    • 2,786 Posts
    • 9,548 Thanks
    debtfreeoneday
    That's great news, well done you!
    DFW (08/08) £64,346.53
    Credit card debt: £4392 over three credit cards.
    MFW (01/15) £118,031.21 £95,324.07
    • enthusiasticsaver
    • By enthusiasticsaver 29th Apr 17, 7:38 AM
    • 4,856 Posts
    • 9,177 Thanks
    enthusiasticsaver
    Good news on you clearing loan. Well done and it now means your money is your own to spend as you wish rather than paying for things that happened ages ago.

    We have just come back from our cottage holiday in Surrey with our daughters, son in law and 18 month old granddaughter. We were going to do Legoland but decided our granddaughter was too young to appreciate it at the moment so did a more MSE trip to local petting zoo with large soft play area. Legoland will be left for another 2 or 3 years.

    We also have a centre Parcs trip booked for June for the whole family (12 of us). Great for four different generations including my elderly mum and stepdad who can't do the activities but likes seeing family as we live 250 miles from them. All paid for with our adventure fund (or holiday fund).

    Since we retired we have upped it (we save £500 per month) and this year it paid for my Dominican Republic trip in February with my sister, our cottage holiday last week , centre Parcs in June and an autumn treat for my husband and I is a week in Rhodes.
    1 week to go until early retirement. 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
    • crunch_time
    • By crunch_time 29th Apr 17, 7:48 AM
    • 1,050 Posts
    • 3,094 Thanks
    crunch_time
    Good news on you clearing loan. Well done and it now means your money is your own to spend as you wish rather than paying for things that happened ages ago.

    We have just come back from our cottage holiday in Surrey with our daughters, son in law and 18 month old granddaughter. We were going to do Legoland but decided our granddaughter was too young to appreciate it at the moment so did a more MSE trip to local petting zoo with large soft play area. Legoland will be left for another 2 or 3 years.

    We also have a centre Parcs trip booked for June for the whole family (12 of us). Great for four different generations including my elderly mum and stepdad who can't do the activities but likes seeing family as we live 250 miles from them. All paid for with our adventure fund (or holiday fund).

    Since we retired we have upped it (we save £500 per month) and this year it paid for my Dominican Republic trip in February with my sister, our cottage holiday last week , centre Parcs in June and an autumn treat for my husband and I is a week in Rhodes.
    Originally posted by enthusiasticsaver
    Thanks enthusiasticsaver! Love centre parcs. We went about two years ago and spent a lot of time waiting for dd who was about seven months old at the time to finish napping or feeding so this time it's going to be awesome. We are excited as we can do so much more now as a family now she is older.

    My plan is to save £500 a month for adventures. A much bigger budget than my one for 'stuff.'

    Crunchy x
    LBM June 2014. Original debt £23,555 vs Now £0 Paid off in April 2017.
    NEW DEBT: £7500 Now: £7500 Paid off £0 Long term savings £3440
    • crunch_time
    • By crunch_time 1st May 17, 1:32 PM
    • 1,050 Posts
    • 3,094 Thanks
    crunch_time
    Afternoon all!

    Currently sitting with the husband at a local soft play while the kids play. Husband is ill with a cold and I have a bad back son it was the best thing to do to entertain the kids so we could have a rest! Ha ha!! I've never done this sort of thing before because of dd needing support in the play bit but now she is 2.5 and can handle it herself I feel I will be doing this more often - husband has been reading whilst I have been plotting and scheming!!!

    I have enjoyed reflecting about being loan free for the last few days. I regally thought I would feel content enough with the remaining debt to let it run and chuck bits and bobs at it occasionally. The truth is I now feel I'm not and I really want to just get rid. It should only take a few more months. Husband is onboard. Let's just get this done and dusted!!!!

    Right - must formulate a plan!!

    Crunchy xx
    LBM June 2014. Original debt £23,555 vs Now £0 Paid off in April 2017.
    NEW DEBT: £7500 Now: £7500 Paid off £0 Long term savings £3440
    • crunch_time
    • By crunch_time 1st May 17, 9:20 PM
    • 1,050 Posts
    • 3,094 Thanks
    crunch_time
    Evening all!

    I'm back with a plan as I'm determined to get This SMASHED once and for all.

    My plan is to clear it by 1st August 2017. What worked before was having a clear deadline.

    I'm going to aim to

    - have NSD's throughout the working week
    - shop at Aldi to keep costs down
    - Plan lots of parks/walks and picnics at the weekends to keep things cheap and cheerful.
    - not buy anymore books until i have read the ones I have (i have at least 5 unread ones that can keep my entertained.)
    - stop having people around here for dinner as it costs us lots of money.
    - one bottle of wine per week.
    - being more mindful of the resources that we have already and be creative with them - food, art supplies, books, places to go on our doorstep etc.

    Looking forward to this final little chapter and I think its going to be a great experience in setting us up for whats next.

    Crunchy xx
    LBM June 2014. Original debt £23,555 vs Now £0 Paid off in April 2017.
    NEW DEBT: £7500 Now: £7500 Paid off £0 Long term savings £3440
    • crunch_time
    • By crunch_time 3rd May 17, 8:06 PM
    • 1,050 Posts
    • 3,094 Thanks
    crunch_time
    Evening diary!
    Childcare bill in - childcare vouchers and over budgeting meant I only had to pay £16.81. So I have shuffled £300 over to the sains credit card. Debt down to £2800 and total paid up to 77%!!

    Very good start to the new plan.

    Now I have to wait until husband gets paid again so 3 weeks to go!!

    Crunchy xx
    LBM June 2014. Original debt £23,555 vs Now £0 Paid off in April 2017.
    NEW DEBT: £7500 Now: £7500 Paid off £0 Long term savings £3440
    • JoJoC
    • By JoJoC 3rd May 17, 9:00 PM
    • 1,280 Posts
    • 4,176 Thanks
    JoJoC
    I love seeing a plan made! Looks like you've got an achievable target and steps in place to achieve it. Well done!

    Wow to thst childcare bill... Differs slightly from my £1,386 per month... Wow! Glad it enabled you to overpay the debt though! On track already!
    CC1: £3804.52 / £3554.32 £250.20 paid | CC2:£5027.53 / £4829.43 £245 paid | Loan: £15,000 / £12,369.24 (£2,631.76 paid)

    July debt total: £23,832.05 | New debt total: £20,752 | Total debt paid: £3,080 (13%)
    *My debt busting and savings diary*
    • crunch_time
    • By crunch_time 5th May 17, 2:05 PM
    • 1,050 Posts
    • 3,094 Thanks
    crunch_time
    Afternoon diary

    So yesterday, something told me 'go on - just have a quick browse on right move. You haven't for a while.' So I did. And I found a house that in paper is perfect for us space wise. And it's in our village so no need to move schools. And it's just been reduced! It looks like it would need some work like new kitchen and bathrooms, carpets and maybe a wall knocking through here and there. We have booked to see it next week and also going to ours to get valued.

    Very exciting. I can totally see us living there - from the photos at least anyway ha ha!!

    Wish us luck!!

    Crunchy xx
    LBM June 2014. Original debt £23,555 vs Now £0 Paid off in April 2017.
    NEW DEBT: £7500 Now: £7500 Paid off £0 Long term savings £3440
    • kirtsypoos
    • By kirtsypoos 5th May 17, 2:22 PM
    • 3,101 Posts
    • 13,800 Thanks
    kirtsypoos
    How exciting Crunchy!! Hope the viewing goes well
    £150/3000 OH BC(95% PAID)
    PAID VERY, Barclaycard x2, Vanquis, Natwest, O/D, Tesco & MBNA x2 PAID LBM 24/07/15 - Debt: £150/31010.23 (99.51% paid)
    Mortgage - £160,500.00 (2017 O/P £2475.46) PAYDBX 17 #006 - £18,079.25/14,539.71
    • crunch_time
    • By crunch_time 9th May 17, 5:24 PM
    • 1,050 Posts
    • 3,094 Thanks
    crunch_time
    Afternoon diary!

    Ha ha! I'm laughing at myself and my optimism! The house was a total dump! More than just new bathrooms, kitchen and carpets. It basically needed gutting. Such a shame as such a lovely space and it has such potential. There is no way we could live in it and do it up gradually. At least it's an exercise in what we don't want (and can't afford)!

    We have had our house valued at £10k more than we thought. Of course it's all relative as it depends on what people will pay.

    Anyway, I'm glad we viewed it and I got it out of my system. Very glad that we are staying put for the time being and focusing on debt free ness!

    On that front - no more ground to be made just yet! Just plodding on with trying to stick to budget.

    Everything heading in the right direction xx

    We
    LBM June 2014. Original debt £23,555 vs Now £0 Paid off in April 2017.
    NEW DEBT: £7500 Now: £7500 Paid off £0 Long term savings £3440
    • crunch_time
    • By crunch_time 11th May 17, 11:06 AM
    • 1,050 Posts
    • 3,094 Thanks
    crunch_time
    Morning diary,

    Beautiful day here! Washing on the line, patio doors open!! I'm doing some sorting and filing whilst DD naps. I've just updated the banking and everything looks good although the food budget looks a little low.

    Husband and I are going to make a conscious effort not to spend any money during the week so no top up shops basically. I've started online shopping again so DD and I don't have to traipse around a supermarket on our days off together and I can be more present at home and spend more quality time together.

    In other money news, I have been unhappy with DS swimming lessons for a couple of months now. We had to change providers as they closed the pool we were going to. I realised that he actually spends half the class waiting for his turn (they did everything together in the old class) and then the other children are much more advanced than him so he is struggling with the things they do. I cant bear the thought of still going there till the end of the summer term so I emailed the teachers and they wont give me a refund but for what money we are left in credit he can have some private lessons or do a swimming activity in the summer. So to keep things ticking over, I'm going to have to budget for all of us to go swimming once a week and ill teach him (I have swam at squad level in my youth). Husband and I have talked about weekly family swimming before but we wanted to save money. Now we have the kick up the backside to finally do it. It will cost us about £40 a month. We really need to start upping some budgets now we have paid off the loan so we don't run the risk of putting things on credit anymore and racking up new debt. I need to have a little play around with the budget. This should be a gradual thing I think.

    Anyway, need to get on with my shopping order before DD wakes up!

    Have lovely days ya'll!!
    Crunchy xx
    LBM June 2014. Original debt £23,555 vs Now £0 Paid off in April 2017.
    NEW DEBT: £7500 Now: £7500 Paid off £0 Long term savings £3440
    • crunch_time
    • By crunch_time 12th May 17, 11:38 AM
    • 1,050 Posts
    • 3,094 Thanks
    crunch_time
    Morning all!!

    We've decided to try and be debt free by the end of the summer term!!! It's 2 weeks till half term and then a week off of course and then it's a 7 week term so 10 weeks till debt free ness!! The date we are aiming for is 28th July.

    Both of us have 3 pay days each in that time so it should be easily doable but we have our holiday to pay for as well which is £650.

    I absolutely cannot wait!! I can nearly imagine the freedom!!

    The magnum in the loft is calling my name! It wants to be popped!!

    Crunchy xx
    LBM June 2014. Original debt £23,555 vs Now £0 Paid off in April 2017.
    NEW DEBT: £7500 Now: £7500 Paid off £0 Long term savings £3440
    • Moneywhizz
    • By Moneywhizz 12th May 17, 1:53 PM
    • 117 Posts
    • 528 Thanks
    Moneywhizz
    How exciting. Just think of being able to choose each month how you are going to use all the money that has been going to,pay off debt. Whether it is saving, spending, travelling, or moving house, you have so much to look forward to. You have done so well. Good luck for these future adventures.
    • abba1772
    • By abba1772 12th May 17, 6:01 PM
    • 4,032 Posts
    • 12,388 Thanks
    abba1772
    You can do it x
    NEXT TARGET HALIFAX CC WAS July 17 £3572.57 NOW £4531.19
    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 £6825.51 / £6000
    • OrangeFairy
    • By OrangeFairy 13th May 17, 9:27 AM
    • 2,598 Posts
    • 8,973 Thanks
    OrangeFairy
    Hi Crunchy,

    You are doing so well! Congrats on clearing off the loan and for concentrating on getting rid of the card - it is a great feeling when it is finally gone!

    Swimming as a family once a week sound perfect - we want to start doing similar and perhaps badminton with the kids as we all enjoy it.

    Keep it up!

    OF x
    Orange Fairy
    House Deposit target = £25000 Saved = £12500
    Sales towards new tent = £80


    • crunch_time
    • By crunch_time 17th May 17, 7:57 PM
    • 1,050 Posts
    • 3,094 Thanks
    crunch_time
    Evening all

    Another working week done for me!! Hated my job on Monday and then mildly entertained it by today. It's funny how I can be so up and down about it day by day. It's a means to an end. I work to live now not the other way around anymore. I've got to keep remembering that.

    Husband and I have made a list of things we have been putting off buying since we went hammer and tongs at the loan and still need to do we will probably have a month off debt paying off whilst we pay for them. There may be some small payments we can make to chip away at it.

    I shall keep you posted.

    Pay day on Friday but I need to pay the balance for our holiday cottage in the summer so that will swallow most of that up.

    Crunchy xx
    LBM June 2014. Original debt £23,555 vs Now £0 Paid off in April 2017.
    NEW DEBT: £7500 Now: £7500 Paid off £0 Long term savings £3440
    • crunch_time
    • By crunch_time 19th May 17, 7:26 AM
    • 1,050 Posts
    • 3,094 Thanks
    crunch_time
    Morning all!

    Payday today! As i said before i couldn't really do much with the money except save £550 into my savings for childcare. It should be significantly less than this as we should have £350 of childcare vouchers to come off our bill but I always err on the side of caution. I won't get the bills in until the half term week. Any money left will go on the cottage holiday. We are going away this weekend to a national attraction which the children are very excited about. We told them last night and they are currently watching youtube videos of the rides bless them. We will need money for two meals out, spending money for tomorrow and then lunch on Sunday for the trip home. We are staying in a Hotel Friday and Saturday nights with breakfast included. I've told husband we have GOT to keep it cheap and cheerful. No starters or desserts or steak and if the kids can share a meal all the better. Id like to spend less than £100. We are taking a picnic for tomorrow lunchtime.

    When we are back I can siphon money out of my account for the cottage holiday. Hoping for £300 which is nearly half. Then we can gather the rest when husband gets paid a week today.

    Phew so that's the plan for the next week!!

    Hope everyone has lovely weekends!!

    Crunchy xx
    LBM June 2014. Original debt £23,555 vs Now £0 Paid off in April 2017.
    NEW DEBT: £7500 Now: £7500 Paid off £0 Long term savings £3440
    • mummytogirls
    • By mummytogirls 19th May 17, 4:25 PM
    • 5,626 Posts
    • 18,516 Thanks
    mummytogirls
    Enjoy your weekend away Crunchy xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
    • abba1772
    • By abba1772 19th May 17, 8:45 PM
    • 4,032 Posts
    • 12,388 Thanks
    abba1772
    Have a lovely weekend xx
    NEXT TARGET HALIFAX CC WAS July 17 £3572.57 NOW £4531.19
    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 £6825.51 / £6000
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