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  • FIRST POST
    • crunch_time
    • By crunch_time 23rd Oct 16, 8:22 PM
    • 1,011Posts
    • 2,662Thanks
    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. Since then lost my way a bit and then decided to move house and start a new course...
    NEW LBM: 16/9/17 NEW DEBT: £7232 Now: £6564 Paid off £668
    Dog/New House savings £1519 Long term savings (finally) £840
Page 23
    • Seasidegal58
    • By Seasidegal58 5th Oct 17, 8:21 PM
    • 895 Posts
    • 4,700 Thanks
    Seasidegal58
    Hi crunchy. Hope all is quiet on the Western Front now with DD!

    Re your hubby and credit cards - would he consider using his debit card for "spends" and just use the cc for household emergencies and whatnot? Might make him think before he spends as anything on the debit card will come straight out of your bank account.
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Save for New Kitchen!
    My debt free diary - " Paid off the £31,000 - BUT still scrimping!"
    • crunch_time
    • By crunch_time 6th Oct 17, 7:42 AM
    • 1,011 Posts
    • 2,662 Thanks
    crunch_time
    Hi crunchy. Hope all is quiet on the Western Front now with DD!

    Re your hubby and credit cards - would he consider using his debit card for "spends" and just use the cc for household emergencies and whatnot? Might make him think before he spends as anything on the debit card will come straight out of your bank account.
    Originally posted by Seasidegal58
    Ha ha! She is a lot better this week and seems to be listening more. She came out in a cold which might have been the problem.

    With regards to the account we have tried this before and he kept going overdrawn. We also have our car payment go it mid month and I used to be worried it would bounce. Three years ago when i started this diary he had to use his own credit card for expenses and the company would take ages to pay back and he wouldn't make regular claims which used to infuriate me. The company he is now with have given him a company credit card and he claims for his food for the day in that it's anything extra. For example, he went out with a colleague one evening when he was away recently and bought a couple of rounds for about £20 and put them on his credit card. I told him I would have to pay it off out of our £100 spending money.

    When I'm not working I'm thinking about using my bank account as the food account and giving him the food account which is just a basic bank account for these sorts of spends. He can have an allowance every month to keep him happy.

    He is sooooo much better than he used to be.

    I hopefully have someone coming this am to buy my pram for £25. I will be pleased as it's been for sale for ages.

    Really really really need to do some packing.

    Crunchy xx
    LBM June 2014. Original debt £23,555 vs Now £0 Paid off in April 2017. Since then lost my way a bit and then decided to move house and start a new course...
    NEW LBM: 16/9/17 NEW DEBT: £7232 Now: £6564 Paid off £668
    Dog/New House savings £1519 Long term savings (finally) £840
    • crunch_time
    • By crunch_time 6th Oct 17, 6:36 PM
    • 1,011 Posts
    • 2,662 Thanks
    crunch_time
    Oh Crunchy just reading about your daughters tantrums remind me of my DD2... she is an absolute nightmare and still carries on and she is nearly 9 . Fingers crossed for you it is just her trying to assert her independence. I kid you not we have battling her since she was weeks old .

    2nd children.. i was always under the impression they just fit into the family life not ruled the roost

    Yay to the house move, it won't be long now! xx
    Originally posted by mummytogirls
    Mummy to girls - sorry I meant to reply to this a while ago but forgot!! Yes I remember your dd!! My dd is a good girl really but yes definitely exerting independence.

    I say to husband if she came first there wouldnt have been another!!

    Xx
    LBM June 2014. Original debt £23,555 vs Now £0 Paid off in April 2017. Since then lost my way a bit and then decided to move house and start a new course...
    NEW LBM: 16/9/17 NEW DEBT: £7232 Now: £6564 Paid off £668
    Dog/New House savings £1519 Long term savings (finally) £840
    • crunch_time
    • By crunch_time 6th Oct 17, 6:41 PM
    • 1,011 Posts
    • 2,662 Thanks
    crunch_time
    Dishwasher broke so had to fork out £60 to fix it today and had to sit in all day to wait for the man - not good with a three year old!!

    I also stabbed myself in the nail bed with something sharp when trying to tidy up - looked like a bit of straw!!! Weird!

    It all then got a bit too much so dd and I had a nap on the sofa. I forgot to set my alarm and woke up at 3.30pm - 15 mins after school pick up!!

    Parenting fail!!!

    I've realised as well that all my readers and marking are up to date at school but I've struggled to help ds with his reading and homework this week. Something has got to change!

    Crunchy xx
    LBM June 2014. Original debt £23,555 vs Now £0 Paid off in April 2017. Since then lost my way a bit and then decided to move house and start a new course...
    NEW LBM: 16/9/17 NEW DEBT: £7232 Now: £6564 Paid off £668
    Dog/New House savings £1519 Long term savings (finally) £840
    • Nicnak
    • By Nicnak 6th Oct 17, 7:13 PM
    • 150 Posts
    • 358 Thanks
    Nicnak
    Dishwasher broke so had to fork out £60 to fix it today and had to sit in all day to wait for the man - not good with a three year old!!

    I also stabbed myself in the nail bed with something sharp when trying to tidy up - looked like a bit of straw!!! Weird!

    It all then got a bit too much so dd and I had a nap on the sofa. I forgot to set my alarm and woke up at 3.30pm - 15 mins after school pick up!!

    Parenting fail!!!

    I've realised as well that all my readers and marking are up to date at school but I've struggled to help ds with his reading and homework this week. Something has got to change!

    Crunchy xx
    Originally posted by crunch_time
    The balance is never ever right. Glad you are making the change.
    x
    September 6th 2017 start Updated 18th October
    Credit Card £430 now: £0
    Tesco Loan £7500 = £7110
    Car loan £17450 = £17,099
    Total = £25,330 £24,319
    • Busy Mee1
    • By Busy Mee1 7th Oct 17, 8:35 AM
    • 388 Posts
    • 1,467 Thanks
    Busy Mee1
    Hi Crunchy - we "bumped" into each other on another thread, so I thought I would pop in to say hello.

    I read your diary and am so impressed with the way you have tackled your debt in such a focused way. You really have improved your families financial position and it is great to see this is now paying off and allowing you to buy a new house and potentially give up work.

    Hopefully you might come and join us on the mortgage free wanabe thread soon - we are a very friendly bunch x
    • crunch_time
    • By crunch_time 7th Oct 17, 7:40 PM
    • 1,011 Posts
    • 2,662 Thanks
    crunch_time
    Hi Crunchy - we "bumped" into each other on another thread, so I thought I would pop in to say hello.

    I read your diary and am so impressed with the way you have tackled your debt in such a focused way. You really have improved your families financial position and it is great to see this is now paying off and allowing you to buy a new house and potentially give up work.

    Hopefully you might come and join us on the mortgage free wanabe thread soon - we are a very friendly bunch x
    Originally posted by Busy Mee1
    Hi busy mee! Thanks for stopping by my diary - and reading the whole thing!! I think I am on my third now. There have been various phases in the last few years.

    Thanks for your comments too! I guess I do come across as being very focussed. It hasnít always been an easy ride but itís been worth the slog and sacrifice. We are not as financially independent as I would like us to be but I guess being able to decide to stay at home with my children after just doubling my mortgage knowing that everything is covered is a blessing and I wonít forget that

    I do already follow lots of mortgage free wannabes who are very inspirational!! Still got a way to go to get to debt freedom but the weight of my new £300k plus mortgage will bear down on me sooner than I want to Iím sure!!

    Crunchy xx
    LBM June 2014. Original debt £23,555 vs Now £0 Paid off in April 2017. Since then lost my way a bit and then decided to move house and start a new course...
    NEW LBM: 16/9/17 NEW DEBT: £7232 Now: £6564 Paid off £668
    Dog/New House savings £1519 Long term savings (finally) £840
    • crunch_time
    • By crunch_time 8th Oct 17, 7:56 AM
    • 1,011 Posts
    • 2,662 Thanks
    crunch_time
    Morning all

    Feeling a bit iffy this morning. Work up with a headache and dodgy stomach. I don’t feel sick just very full and dragged down. There is a sickness bug going around both schools and I’m feeling anxious that myself and the kids will get it at some point.

    We managed to get some more boxes packed yesterday and husband had filled in all the holes where pictures and shelves used to be. We went to visit the new house again yesterday and absolutely cannot wait to move now! It’s sooo lovely!!

    Nothing much else to report!! Just trying not to do anything or spend too much money at the moment.

    Happy Sunday everyone!

    Crunchy xx
    LBM June 2014. Original debt £23,555 vs Now £0 Paid off in April 2017. Since then lost my way a bit and then decided to move house and start a new course...
    NEW LBM: 16/9/17 NEW DEBT: £7232 Now: £6564 Paid off £668
    Dog/New House savings £1519 Long term savings (finally) £840
    • Nicnak
    • By Nicnak 8th Oct 17, 9:38 AM
    • 150 Posts
    • 358 Thanks
    Nicnak
    Happy Sunday.

    Hope you're feeling better now?

    I'm hoping for a NSD. X
    September 6th 2017 start Updated 18th October
    Credit Card £430 now: £0
    Tesco Loan £7500 = £7110
    Car loan £17450 = £17,099
    Total = £25,330 £24,319
    • crunch_time
    • By crunch_time 8th Oct 17, 4:16 PM
    • 1,011 Posts
    • 2,662 Thanks
    crunch_time
    Happy Sunday.

    Hope you're feeling better now?

    I'm hoping for a NSD. X
    Originally posted by Nicnak
    I donít actually I feel worse - headache, shivers, body aches, feel sick and the other, chesty cough, drained feeling. Spent most of the day in bed or on the sofa. Had a panic attack about work tomorrow. Husband supportive but cross with me as I keep apologising. Truth is work wonít take kindly with me being off sick again as people wonít get their ppa as they refuse to use supply teachers just higher level tas but I donít care. I can barely lift my head off the pillow.

    Crunchy xx
    LBM June 2014. Original debt £23,555 vs Now £0 Paid off in April 2017. Since then lost my way a bit and then decided to move house and start a new course...
    NEW LBM: 16/9/17 NEW DEBT: £7232 Now: £6564 Paid off £668
    Dog/New House savings £1519 Long term savings (finally) £840
    • Nicnak
    • By Nicnak 8th Oct 17, 4:28 PM
    • 150 Posts
    • 358 Thanks
    Nicnak
    I donít actually I feel worse - headache, shivers, body aches, feel sick and the other, chesty cough, drained feeling. Spent most of the day in bed or on the sofa. Had a panic attack about work tomorrow. Husband supportive but cross with me as I keep apologising. Truth is work wonít take kindly with me being off sick again as people wonít get their ppa as they refuse to use supply teachers just higher level tas but I donít care. I can barely lift my head off the pillow.

    Crunchy xx
    Originally posted by crunch_time
    I know that feeling. You have to do what's right for you, although you end up going in when you shouldn't because you feel so bad about being off.
    Be kind to yourself x
    September 6th 2017 start Updated 18th October
    Credit Card £430 now: £0
    Tesco Loan £7500 = £7110
    Car loan £17450 = £17,099
    Total = £25,330 £24,319
    • crunch_time
    • By crunch_time 9th Oct 17, 8:19 AM
    • 1,011 Posts
    • 2,662 Thanks
    crunch_time
    Morning diary,

    Feel better than yesterday but still I’ll. headache and achy and tired. Reckon it’s the flu. Had no issues ringing school today!!! Husband has it too so we are currently on the sofa watching the news together!!

    I’m going to look after myself today.
    Crunchy xx
    LBM June 2014. Original debt £23,555 vs Now £0 Paid off in April 2017. Since then lost my way a bit and then decided to move house and start a new course...
    NEW LBM: 16/9/17 NEW DEBT: £7232 Now: £6564 Paid off £668
    Dog/New House savings £1519 Long term savings (finally) £840
    • AdventureWanted
    • By AdventureWanted 9th Oct 17, 8:28 AM
    • 62 Posts
    • 255 Thanks
    AdventureWanted
    Morning Crunchy,
    Just wanted to say that I hope you feel better soon. Have read your diary and your future travel adventures seem very similar to ours.
    Hope the house purchase/sale is progressing nicely and that you have a restful day today.x
    LBM Aug 2017.
    CC1 - £4,124.57 / £5,185 1/8/17. CC2 - £12,403.00 / £13,470 1/8/17. CC3 - £11.170.00 / £11,400 1/8/17

    1% challenge - 20%. PAD challenge - £497.13 (since 13/9/17)
    • Seasidegal58
    • By Seasidegal58 9th Oct 17, 11:04 AM
    • 895 Posts
    • 4,700 Thanks
    Seasidegal58
    Hope you and hubby are feeling better crunchy. You have to look after yourselves, especially as you have small children.

    Won't be long now till your move!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Save for New Kitchen!
    My debt free diary - " Paid off the £31,000 - BUT still scrimping!"
    • crunch_time
    • By crunch_time 9th Oct 17, 3:32 PM
    • 1,011 Posts
    • 2,662 Thanks
    crunch_time
    Thanks peeps! Been splitting my time today between getting washing and ironing done and sitting back down on the sofa as I keep getting hot and sweaty. Still got a stomach ache too. Already rung in sick for tomorrow. On a positive note I have been researching and learning today for new business and blog ideas and will do tomorrow too.

    Also had bad news through the post via a letter from HMRC. The tax rebate the husband got earlier in the year was wrong so we have to repay it....with interest.....

    £3222 at the moment with an apr of 2.29%.

    I had a few moments of panic and considered staying in my job until Easter to pay it off but then came to my senses and realised that would make me even more miserable than cutting back even further to pay it off as soon as we can.

    Rubbish news but it could have been worse I suppose. Not going to think about it properly until after the move now and then the husband and I will tackle it with gusto just like we have before!!

    Psyching myself up for the school run....

    Crunchy xx
    LBM June 2014. Original debt £23,555 vs Now £0 Paid off in April 2017. Since then lost my way a bit and then decided to move house and start a new course...
    NEW LBM: 16/9/17 NEW DEBT: £7232 Now: £6564 Paid off £668
    Dog/New House savings £1519 Long term savings (finally) £840
    • JoJoC
    • By JoJoC 9th Oct 17, 4:23 PM
    • 1,228 Posts
    • 3,884 Thanks
    JoJoC
    Oh my goodness Crunchy - it makes me so mad to see the Government messing up with these things and it's the people who need to pay the price of their mistakes! I think it's a barefaced cheek to be asking you to pay interest!! Sounds like you have the right attitude for it - no stress
    CC1: £3804.52 / £3704.32 £100.20 paid | CC2:£5027.53 / £4927.48 £100.05 paid | Loan: £15,000 / £13,932.24 (£1067.76 paid)

    July debt total: £23,832.05 | New debt total: £22,564.04 | Total debt paid: £1,268.01 (5.3%)
    *My debt busting and savings diary*
    • Nicnak
    • By Nicnak 9th Oct 17, 6:24 PM
    • 150 Posts
    • 358 Thanks
    Nicnak
    Hope you're feeling better now. Best to take a few days off. It's never a 'take it easy' job!

    I'd be stressed about the HMRC thing, but sounds like you're taking it in your stride. Enjoy the researching. Is it making you excited? X
    September 6th 2017 start Updated 18th October
    Credit Card £430 now: £0
    Tesco Loan £7500 = £7110
    Car loan £17450 = £17,099
    Total = £25,330 £24,319
    • crunch_time
    • By crunch_time 10th Oct 17, 10:00 AM
    • 1,011 Posts
    • 2,662 Thanks
    crunch_time
    Oh my goodness Crunchy - it makes me so mad to see the Government messing up with these things and it's the people who need to pay the price of their mistakes! I think it's a barefaced cheek to be asking you to pay interest!! Sounds like you have the right attitude for it - no stress
    Originally posted by JoJoC
    It was actually the husbands fault. It was his first time having to do this since he went over the threshold. He wasn't sure what figures to put for tax so guessed/put less rather than taking advice and ringing up his previous employer to check (which is so typical of him). He has apologised and was cross that I even considered staying in work until Easter to pay it off. I've told him he will have to check his tax return properly from now on and RING UP to ask advice.

    He has rung up and explained that after we move we will start a payment plan with them - that will be fun!!!

    I'm feeling very philosophical about it since my panic yesterday. Its not at all a set back which is preventing us from moving on with our lives. We are still pressing on with the move to our forever home and change of lifestyle and it feel really good!

    Husband is back at work today but I'm still at home. I can't kick this stomach ache and headache and have dizzy spells. I'm planning to have a productive day - from my sofa and do some move planning as well as a plan to see me through my job with a smile on my face for these last few weeks until Christmas.

    Crunchy xx
    LBM June 2014. Original debt £23,555 vs Now £0 Paid off in April 2017. Since then lost my way a bit and then decided to move house and start a new course...
    NEW LBM: 16/9/17 NEW DEBT: £7232 Now: £6564 Paid off £668
    Dog/New House savings £1519 Long term savings (finally) £840
    • JoJoC
    • By JoJoC 10th Oct 17, 10:10 AM
    • 1,228 Posts
    • 3,884 Thanks
    JoJoC
    Ah, i see. It's terrible that I jumped to conclusions that it was their fault...oops! In fairness, I've heard of this happen so many times and it HAS been their fault, so it's a fair assumption to make. I suppose it's a lesson learned for your husband, though.

    I'm glad you're seeing it so reasonably and in perspective - it's so easy to tie yourself in knots about things like this

    Rest up and get well soon.

    J
    CC1: £3804.52 / £3704.32 £100.20 paid | CC2:£5027.53 / £4927.48 £100.05 paid | Loan: £15,000 / £13,932.24 (£1067.76 paid)

    July debt total: £23,832.05 | New debt total: £22,564.04 | Total debt paid: £1,268.01 (5.3%)
    *My debt busting and savings diary*
    • crunch_time
    • By crunch_time 10th Oct 17, 6:11 PM
    • 1,011 Posts
    • 2,662 Thanks
    crunch_time
    Ah, i see. It's terrible that I jumped to conclusions that it was their fault...oops! In fairness, I've heard of this happen so many times and it HAS been their fault, so it's a fair assumption to make. I suppose it's a lesson learned for your husband, though.

    I'm glad you're seeing it so reasonably and in perspective - it's so easy to tie yourself in knots about things like this

    Rest up and get well soon.

    J
    Originally posted by JoJoC
    Gosh donít worry! An easy thing to say as yes they do bog things up a lot!! So yes a fiat assumption to make.

    Iím trying not to think of our debt being close to £10k again. Itís like the hard work of the beginning of the year went to nothing. But it hasnít as we got rid of the massive loan which enabled us to get a mortgage for our forever home - got to keep in perspective. Weíve come a long way in 3 Years. Our debt free date will come when it is ready.

    Iím looking forward to the future and feel really excited about all the decisions we are making for us going forward. I feel happier already and believe in us totally.

    Got the puppy registered with our vet today and booked him in for his first jab -£30. Not as horrific as I thought!! Also got him insured with Ďlifetimeí insurance - £8 a month. Again not as horrific as I thought.

    Need to enter these on my spreadsheet later.

    Back to work tomorrow - sigh!!

    Crunchy xx
    LBM June 2014. Original debt £23,555 vs Now £0 Paid off in April 2017. Since then lost my way a bit and then decided to move house and start a new course...
    NEW LBM: 16/9/17 NEW DEBT: £7232 Now: £6564 Paid off £668
    Dog/New House savings £1519 Long term savings (finally) £840
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