Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • crunch_time
    • By crunch_time 23rd Oct 16, 8:22 PM
    • 1,090Posts
    • 3,258Thanks
    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!

    LBM June 2014. Original debt £23,555 vs Now £0 Paid off in April 2017.
    NEW DEBT (1-1-18) My credit card : £3035 Now: £2249 Husbands credit card: £4579 Now: £4676 Total: £6940/£7614 Long term savings £3250 Holiday fund £245/£120
Page 32
    • crunch_time
    • By crunch_time 5th Mar 18, 1:29 PM
    • 1,090 Posts
    • 3,258 Thanks
    Afternoon all,

    I can't believe it has been over a month since I last posted!!

    I got locked out of my account and so put off sorting it out for a while and then got busy with course stuff and life.

    We have been working really hard to stay on a budget but it has been really hard since our monthly bills are more than we anticipated and we have had lots of things to pay for.

    Things to update you on:

    - I have set up the husbands car tax as a monthly direct debit to give us a little breathing space.

    - We have just taken another half tank of oil so hopefully, we will get some warmer weather soon so we won't need the heating on so much. I have put in our budget £80 to save each month so we can stock up in the summer. Now we know roughly how much we use we can start to look at ways to reduce it.

    - we are still not paying electricity as all the back office with the national grid needed to be sorted before they could do a bill. It will be backdated of course but in a way that we can afford.

    Here are the current categories of debt totals

    Category 1 Debt

    Not to be thought about until I'm earning money from my business.

    - Holidays - £986 - no change from last month (to be paid off from my business earnings.
    - New business course fees and set up £2079 - no change (to be paid off from my business earnings)


    Category two debt

    To be paid off more quickly once category 3 debt paid off. Currently ticking over with husbands £100 a month.

    - New house building materials £360
    - Furniture £861
    - Dogs castration £121


    Other carp from 2016


    Category 3 debt

    This what I am currently tackling with my £90 a month and extra money we may have

    - Balance transfer fees and interest - £68
    - Food overspends - £506
    - Fuel overspends - £240
    - Spending money from last summer £190

    My makeover money - after years of neglecting myself, this new lease of life I have has made me think about looking after myself a but more......

    - Makeup and face creams - £45
    - yoga ebook £22
    - Business books - £30


    So total debt = £6,925!!!!!

    So I'm finally under £7k

    The holiday fund is looking healthy too. I have just sold some bits on ebay so looking forward to upping it a little more this week.

    Hopefully I will get back into the habit of posting more often in a way that doesn't make me feel anxious. It is going to be slow or not at all for these next few months, even this year and THAT IS OK!

    So long as we are sensible.

    Must have a long overdue catch up on diaries.

    Crunchy x
    LBM June 2014. Original debt £23,555 vs Now £0 Paid off in April 2017.
    NEW DEBT (1-1-18) My credit card : £3035 Now: £2249 Husbands credit card: £4579 Now: £4676 Total: £6940/£7614 Long term savings £3250 Holiday fund £245/£120
    • Seasidegal58
    • By Seasidegal58 10th Mar 18, 10:38 AM
    • 1,698 Posts
    • 10,312 Thanks
    All sounding very organised crunchy. Well done!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings for Retirement! - £0
    My diary: “Paid off the £31,0000! BUT- still scrimping!”
    • Nicnak
    • By Nicnak 11th Mar 18, 7:26 PM
    • 861 Posts
    • 4,768 Thanks
    That's amazing organisation. It definitely helps when you know where it is coming from and going to.

    Under 7k is amazing too. Progress, is amazing and it is going the right way. I am hoping for more warm weather too. I think I need to give readings for the gas and electricity, but think we will end up owing them as we have probably used up more than originally thought this year.
    September 6th 2017 - Updated 21st January 2018
    Credit Card £0 now: £995 Tesco Loan £7500 = £0 Consolidation £15,000 = £14,271 Total = £25,330 £15,266 37% gone EMF #252 = £500/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #71
    • crunch_time
    • By crunch_time 22nd Mar 18, 9:31 AM
    • 1,090 Posts
    • 3,258 Thanks
    Morning debt free diary land!

    Well it!!!8217;s not going at all well here. Husband actually wants to chat about money which must mean it!!!8217;s serious as he has always been reluctant.

    Basically we have had another tax bill of £946 from claiming child tax benefit when we are over the threshold. Husband tried to sort it out last year but got told he could still claim it but not the whole amount (I really don!!!8217;t know the details) but he was misadvised and now we have to pay it back. He is going to ring up to see what payment plan he can get and worse case scenario is he has to take out an overdraft to cover it then we pay off the overdraft.

    Also had a big bill for the car as it failed it!!!8217;s MOT £460 ish!!! The garage doesn!!!8217;t accept credit cards so I have had to rob the holiday find and the Christmas fund AND the grocery fund to pay for it!!

    So, because of all this I have connected two supply teaching agencies to register and earn the money to pay it off!

    I!!!8217;ve been wiped out be a virus these last few days so couldn!!!8217;t make my appointments so will have to rearrange them.

    Being ill though has given me some perspective and I feel calm and collected and !!!8216;right let!!!8217;s take care of this.!!!8217; We have been here before with less money so I know we can do this.

    I feel in a good place with my course now to allow space to do some supply and I can fit it around my weekly commitments.

    I!!!8217;m also working on my confidence and knowledge so I can start looking for work with my new business sooner than when I finish the course.


    Crunchy x
    LBM June 2014. Original debt £23,555 vs Now £0 Paid off in April 2017.
    NEW DEBT (1-1-18) My credit card : £3035 Now: £2249 Husbands credit card: £4579 Now: £4676 Total: £6940/£7614 Long term savings £3250 Holiday fund £245/£120
    • JoJoC
    • By JoJoC 22nd Mar 18, 10:38 AM
    • 1,613 Posts
    • 5,852 Thanks
    It never rains but it pours Crunchy! I'm glad that you're taking a positive attitude to fixing the situation though, it's so easy to be dragged down by this stuff.

    On a smaller scale, last night within about 2 hours of each other, my suitcase burst at the airport (not fixable), my microwave stopped heating things up and my kettle still boils but it will not open so we have to trickle water into the spout to get water in. So annoying!
    CC1: £4661.14/ £5027.53 (8% paid off, £420) | CC2:£3457/ £3807 (10% paid off, £400) | Loan: £15,000 / £11,315 ((24% paid off, £3,684))

    July debt total: £23,838.14 | New debt total: £19,433.27 | Total debt paid: £4,504.87 (19%)
    *My debt busting and savings diary*
    • enthusiasticsaver
    • By enthusiasticsaver 22nd Mar 18, 10:53 AM
    • 5,984 Posts
    • 11,898 Thanks
    He should be able to repay it over the year. They should just change his tax code.

    Why dont you use the long term savings for the car bill or is it locked away?
    Debt free and mortgage free and early retiree. Living the dream

    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 Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to
    • crunch_time
    • By crunch_time 22nd Mar 18, 11:35 AM
    • 1,090 Posts
    • 3,258 Thanks
    I could access it but I don!!!8217;t want to really - That!!!8217;s for a REAL emergency you know?
    LBM June 2014. Original debt £23,555 vs Now £0 Paid off in April 2017.
    NEW DEBT (1-1-18) My credit card : £3035 Now: £2249 Husbands credit card: £4579 Now: £4676 Total: £6940/£7614 Long term savings £3250 Holiday fund £245/£120
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,905Posts Today

7,665Users online

Martin's Twitter
  • Wow miracles do happen. I've done a political twitter poll today and (so far) no one has attacked me after confusi?

  • I must admit I'd expected the same two to top both the 'best' and 'worst' PM (of the last 4) poll. Yet (and it's?

  • Today's Friday twitter poll 2: Which of the last four UK Prime Ministers would you say was the worst? (To pick th?

  • Follow Martin