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  • FIRST POST
    • timetobefrugal
    • By timetobefrugal 11th Nov 16, 3:08 PM
    • 71Posts
    • 189Thanks
    timetobefrugal
    Single 20 something mum - time to kick myself up the bum!
    • #1
    • 11th Nov 16, 3:08 PM
    Single 20 something mum - time to kick myself up the bum! 11th Nov 16 at 3:08 PM
    Having stalked these forums for a while I've decided to start my own diary to get to grips with getting myself out of 15k debt!

    So a little about me, I'm a 26 (almost 27) year old single working mum of 1 lovely little 3 year old. I think ever since I got an overdraft/first credit card back when I was 19 I've been bad with money. Over 2 years ago my daughter's father split up with me meaning I had to move into rented accommodation, followed by my father passing away unexpectedly, I started stupidly using money and spending money I didn't really have to cheer myself up.

    I currently work 30 hours per week and if I worked an extra day I'd literally just be paying for nursery. Plus I'd prefer the time with my daughter over extra money ANY day! I'm also doing an open university degree in law so that's racking up even more debt

    Now I've come to the realization that I know I need to cut back majorly, get a grip and start paying things off. Not sure how realistic my goal is but I want to be debt free or have at LEAST 80% of debt paid by my 30th birthday in 2020! I have to get over the self pity of how comfortable I could live without having to pay over £300 a month onto debt (I mean I could save a deposit for a house or have a better car/holidays if I weren't paying all that) and get to grips with being frugal and getting it down so I CAN live give my daughter a comfortable life long term.

    I haven't done a SOA as my budget changes monthly (due to getting paid tax credits weekly) so I do a monthly budget on excel every month butttt this is what my typical monthly budget looks like:

    Income
    Salary £1,275.61
    Benefits £521.71
    Child benefit £82.50
    Maintenance: £120

    Total: £1999.82

    Outgoings

    Rent £575.00
    Nursery fees £368.00 - should get 15 free hours in January 2017 so amount will change then as will my tax credits
    Petrol £80.00
    Council Tax £92.00
    Gas £38.70
    Electricity £27.97
    Water £25.17
    Content insurance £16.19
    Car insurance £34.92
    Car Tax £11.37
    Mobile £19.00
    SKY £36 - tied in until October 2017
    Sofa £35.00 - payments finish August 2017
    Bank account fee £30.00 - I transfer this to cover my account fee of £19 and overdraft charges and what is left (small amount) to pay towards clearing overdraft)
    TV licence £12.12
    Daughter's ISA £25.00
    Savings £50.00 (best friend is getting married in Cyprus Sept 2017 so this is to pay for a holiday)
    GUIDE DOGS £5.00
    Food £120.00
    Other £20 - this covers OD fee on my main account and postcode lottery (because hey I might win £25,000 and all my troubles be over - we can dream )

    Debt repayments
    CC1 £70.00
    CC2 £115.00
    CC3 £30.00
    CC4 £50.00
    CC5 £50.00

    Total outgoings: £1931.35

    Surplus income £67.32


    Now for my total debts

    Debts
    Overdraft 1 - £300
    Overdraf 2 - £400
    CC 1 - £2,874.99 1.4316% monthly rate
    CC 2 - £4723.41 1.5976% monthly rate
    CC 3 - £1924.72 0% until March 2017 then 2.0751% monthly rate
    CC 4 - £2,393.75 0% - can't remember when until and can't see info on statement but it's at least until December 2017
    CC 5 - £ £2540 0% again can't remember when this is as it's a new balance transfer so will find out when I get the statement
    CC 6 - £234.34 - aim to clear this first

    Total debt = £15391.21

    All of my CCs have been cut up bar 1 for EMERGENCIES ONLY

    I've done two recent 0% balance transfers and unfortunately as my name has just come off a mortgage my credit rating isn't good enough to get any further 0% deals. So my plan is as follows:

    Pay off CC 6 by January 2017
    Pay off as much as possible from CC 2 before 0% interest finishes in March 2017
    Have at least 25 NSDs every month
    Get the 2 x 0% CCs cleared by 0% term then hopefully get another 0% deal for the remaining cards.
    De-clutter my house and sell things on ebay to help towards Christmas
    Lastly save £700 moving fund so I can cut rental cost down to £500 pcm


    Sorry for the long post!
    Last edited by timetobefrugal; 11-11-2016 at 3:16 PM.
Page 5
    • Bythelight
    • By Bythelight 23rd Oct 17, 1:47 PM
    • 8 Posts
    • 8 Thanks
    Bythelight
    Hey Timetobe,

    I just wanted to pop on to offer some support. It sounds like you are taking ownership of your situation - as well as being a single mum to a DD, and working and studying (and from your diary - doing well at all of these!). You can do this - look at everything else you do.

    I wonder if a fresh SOA and a spending diary might be a good place to start. What are you actually spending your money on?
    • DebtFreeDuo
    • By DebtFreeDuo 23rd Oct 17, 2:07 PM
    • 615 Posts
    • 3,013 Thanks
    DebtFreeDuo
    Sounds like you're having a tough time at the moment. We are in a similar position, I'm a single mum to a 4 year old and studying and also not connecting with my uni work! I know how hard it is to juggle everything whilst also trying to juggle the finances. I would second the fresh SOA as it can sometimes bring up areas that you hadn't thought of. I've recently had a huge overhaul of all my outgoings and I feel that they are as low as I can possibly get them. Have you applied for the warm home discount this year?
    Loan:1780.49 2207.38 Car Loan:2039.22 2419.64 0% CC:984.98 1063.48 Overdraft: 860 Overpayment:1781 Total: 7445.69 DFD Dec 18
    SPC 586
    • timetobefrugal
    • By timetobefrugal 23rd Oct 17, 2:58 PM
    • 71 Posts
    • 189 Thanks
    timetobefrugal
    Thankyou both, think I'm just feeling a little smothered by it all, I have myself to blame and I just get annoyed with myself that my situation could be so different if I hadn't have gotten in so much debt.

    Updated SAO as of this morning and changing debt repayment amounts.

    Salary £1,560.00
    TC £287.84
    CM £120.00
    CB £82.00

    Total: 2049.84

    Rent £585.00
    Nursery Fees £171.00
    Petrol £100.00
    Council Tax £96.00
    BRGAS-GAS £33.12
    BRGAS-ELECTRICITY £21.24
    Car insurance £53.00
    VODAFONE LIMITED £22.22
    Water £20.74
    SKY £37.00 - Looked at switching broadband but because of where I live they can only guarantee 3mbps for min £20 per month
    Bank account Transfer £30.00 - Covers OD and account fees on other account
    TV LICENCE £13.00
    ISA £30.00
    HOMELET BARBON £15.00
    GUIDE DOGS £10.00
    Other £15.00 - Covers OD fees on main account
    Food £100.00
    Savings £0.00

    Debt Repayments

    Next + Paypal £50.00
    CC1 £60
    CC2 £71
    CC3 £35
    CC4 £80.00
    CC5 £25.00
    CC6 £94.00
    Car Loan £93.00

    Total outgoing £1,862.32

    Surplus income: £187.52

    Feel free to tear it apart!

    As you can see, without debt I would be in a nice position! The surplus income literally just gets swallowed up by nothing! Obviously clothes, treats and cosmetics/haircare etc comes out of this and not the food budget but there are generally no big buys with this.....

    I currently have NO savings and this is a big issue for me as if something major breaks like my car I'm screwed. My mum's husband has even insisted on paying for my car services because I don't budget for things like that. I feel so bad because on paper I should be in a decent position financially and If they knew my financial situation I'd be so embarrassed

    Me and my DDs dad have considered getting back together and I hold back and push him away because the thought of him having to know about my debt fills me with horror. He runs his own business and works very hard for his money and is a completely different financial situation. He'd probably want to buy another house in a few years and what mortgage lender would want to give me a mortgage

    The fact I've been in debt so long and it's going to take so long to clear makes me even more annoyed with myself! I'm annoyed in general today can you tell time for a cuppa I think!
    Debt Total October 2017 £20,511.27
    • DebtFreeDuo
    • By DebtFreeDuo 23rd Oct 17, 3:16 PM
    • 615 Posts
    • 3,013 Thanks
    DebtFreeDuo
    This post may go on a bit and I apologise if I begin to ramble on. Firstly, once you have paid back your debts and have saved up for a deposit you will be much better with your finances as you will have learnt some valuable lessons, please don't put yourself down, there will be plenty of people willing to give you a mortgage provided you do the above, your affordability will be much better once all the debt has cleared.

    Secondly I think you should really think about whether getting back together with the ex is what is best in the long term, when there is a child involved you have to be completely sure, there were reasons you initially split up so do you think these issues will still be there? I also think that you would need to be completely open and honest, I wouldn't want to be in a relationship with someone who was afraid to tell me things and I also wouldn't want to feel that I had to hide things away from my partner.

    Now onto the SOA, are you studying full or part time? I am assuming part time because if you were full time then you wouldn't be paying any council tax? Do you get help via tax credits for your childcare? Is the guide dogs a monthly charity amount you pay? If so I would probably cancel that for the time being until you are in a better financial position, that is £120 per year you could be putting towards your debts. Have you applied for the warm home discount? I qualify for this because DS is under 5, its worth £140 per year.
    Loan:1780.49 2207.38 Car Loan:2039.22 2419.64 0% CC:984.98 1063.48 Overdraft: 860 Overpayment:1781 Total: 7445.69 DFD Dec 18
    SPC 586
    • Bythelight
    • By Bythelight 23rd Oct 17, 5:30 PM
    • 8 Posts
    • 8 Thanks
    Bythelight
    Well done on posting the fresh SOA. Don't use all your energy beating yourself up - that's not constructive. Everyone, if they had their time again, would make different decisions - that's life!! Instead take the annoyance that you feel and make it fuel for your positive change.

    SOA thoughts (hopefully some will be helpful)

    - are you making any provision each month (even £5) towards your (two?) overdrafts? It would be great to get rid of (or at least be working towards getting rid of) some of the £45 on account fees

    - i assume the £30 is for DD's ISA? Going forward, can you split this £15 for your savings and £15 for hers? That would allow you to get your savings off the ground

    - guide dogs - i would pause this at this moment in time.

    The disappearing £187 per month.

    I'd start by keeping a spending diary: what are you actually spending it on? Are those spends the best use of the £180? It would be lovely to have more but currently it is all you have got.

    This will help you think what do you want to do with that £180. Do you want to spend it on, EF, Presents saving, clothes, days out with DD, treats for you, something for the house etc? And how much of £180 in each category? Once each category has a sum, then think how can I spend this so as to get the best bang for my buck. That can require you to be a bit canny but as a lawyer in training, I am sure you have the brains to do it! (and actually do it really well).

    Good luck!!
    • timetobefrugal
    • By timetobefrugal 23rd Oct 17, 7:11 PM
    • 71 Posts
    • 189 Thanks
    timetobefrugal
    Thankyou both! I came home from work, had some coffee and cake, did a good workout and now I feel a lot better. DD is having a sleepover at her nanas tonight which means I can get some uni work done in time to watch the walking dead

    Debtfreeduo - not a ramble at all I appreciate everyone's input with regards to DDs dad, well that could have a diary on it's own! As cliche as it is I am a big believer in what will be will be, but agree that I would need to be 100% honest with him and if we ever did get back together, I would be.

    I study part-time and the £287.84 are my child tax credits, agree with regards to the guide dogs, I guess part of my problem is I see that as £10 a month as opposed to £120 a year which will actually knock a month off paying off the first CC on my list! I had never heard of the warm home payment thing but have to gone on to BG and applied, although it said I wasn't eligible!

    Bythelight -

    - are you making any provision each month (even £5) towards your (two?) overdrafts? It would be great to get rid of (or at least be working towards getting rid of) some of the £45 on account fees Honestly I do try but I always end up transferring £30 to pay towards one then find myself skint and transferring it back. Will pledge to pay £5 toward each of them now I have paused the guide dog subscriptions

    - i assume the £30 is for DD's ISA? Going forward, can you split this £15 for your savings and £15 for hers? That would allow you to get your savings off the ground Actually a good idea, I paused my payments into her ISA for about a year to pay more towards debts but when my income went up I started paying back into this because of huge mum guilt but this makes sense

    - guide dogs - i would pause this at this moment in time. done

    With the disappearing money honestly, I know what my problem is, I'm a huge emotional spender and I'll just 'pop' to Tesco or wilko or B&M for something and end up spending £30/£40 a time. Working out what I want to divide and use that leftover money for actually makes huge sense to me and I don't know why I've never looked at it like that.

    So that will be my new goal, now my debt payments and budget is set for the next 12 months, work out how much of that £180 is going in what pot each month. Well it won't take effect until after Christmas as the majority will be going on that but certainly gives me a fresh look for 2018.

    Again, thank you, I appreciate you both taking the time to respond with some suggestions, really helps seeing it from other people's perspectives sometimes
    Debt Total October 2017 £20,511.27
    • DebtFreeDuo
    • By DebtFreeDuo 23rd Oct 17, 7:38 PM
    • 615 Posts
    • 3,013 Thanks
    DebtFreeDuo
    LOVE the walking dead but I won't be able to watch it just yet as its on now TV and I haven't got it anymore. I'm currently in a what will be will be situation myself but I overthink everything. I'm glad you took my comment as I intended, I did worry I had overstepped a little but just wanted to give my perspective.

    Are you not eligible for any working tax credits? They do break it down that way so that mentally you do only see it as a small amount but it does add up, I would cancel it and start it up again once you're out of debt if you still want to donate.

    Ah do BG have income factored in too? I only received it last year for the first time and I was studying full time at that point and not working. One other thing to consider is your water rates, again I'm not sure what income level you need to be on but I got a discount on mine this year and ended up paying £23 for the whole year, try googling your water company and see if they offer something similar, you may be slightly above the threshold again for this but its worth a shot.

    One last thing, I would probably make sure that you have some kind of pot for you, so that if you are feeling an emotional spend then you know you have a small pot to fall back on without feeling guilty about the spend. I'm going to try and sell some things on eBay to fund my own pot but I did have a slight overspend today. Going to subscribe and follow your journey and cheer you along.
    Loan:1780.49 2207.38 Car Loan:2039.22 2419.64 0% CC:984.98 1063.48 Overdraft: 860 Overpayment:1781 Total: 7445.69 DFD Dec 18
    SPC 586
    • Bythelight
    • By Bythelight 24th Oct 17, 9:47 AM
    • 8 Posts
    • 8 Thanks
    Bythelight
    With the disappearing money honestly, I know what my problem is, I'm a huge emotional spender and I'll just 'pop' to Tesco or wilko or B&M for something and end up spending £30/£40 a time. Working out what I want to divide and use that leftover money for actually makes huge sense to me and I don't know why I've never looked at it like that.
    Disappearing money was, and still is, my bad habit - it took me a long time to realize the above!!

    It might help to think of a list of no-spends pick me ups/treats for you (think of them when you are in a good mood!) so when the emotional spend blughs attack you at least have a list of mood improving alternatives (maybe things like having a long bath, watching an old favourite film etc). Doesn't always stop me spending but it certainly helps.


    Going to subscribe and follow your journey and cheer you along.
    Me too!
    Last edited by Bythelight; 24-10-2017 at 9:48 AM. Reason: Forgot to add the +ve bit at the end
    • enthusiasticsaver
    • By enthusiasticsaver 24th Oct 17, 10:33 AM
    • 4,833 Posts
    • 9,129 Thanks
    enthusiasticsaver
    I have just quickly read through your diary and can see that your problem is budgeting rather than lack of income although obviously more income would help. You do need to cut out the charity donations, daughters isa as although obviously these are all good things to spend money on, this is not your money to spend until the debt is gone. You also need to get better at letting those around you know when something is unaffordable. The holiday in Cyprus for your best friends wedding was obviously nice to go on but if you had not gone that would probably have been around £2k to go to your debt. As you say though you will not be able to afford to do it again until your debt is more manageable so all you can do is look forward. You also seem to be quite generous with gifts and maybe you need to speak to friends and family about their expectations. You should not be trying to buy stuff for your daughter as "guilt" money for working full time or being separated or whatever it is you feel guilty for. You are a good mum, trying to do your best and the priority should be financial security for you and your daughter.

    I would suggest a cold turkey approach to spending going forward. Do a budget at the beginning of the month allocating money to standing orders/direct debits and debt. YOU NEED AN EMERGENCY FUND as you have found for car expenses as you are so far away from work so saving for car maintenance is a priority. You also need to set aside money for gifts and xmas - personally I would lower your gift budget considerably to £10 for birthdays for immediate family (mum, stepdad, brother, daughter) and just your very closest friends. Your parents obviously know you have debt so they should be proud of you for trying to live within your means. Whatever cash you have left you should put food and petrol money aside in one account. Put some treat/entertainment/hair/clothes money aside and if you have money left at the end of the month then put it in your emergency fund until it gets to £1k then focus on overpaying the debt. No overdrafts, no credit card spends. Just cash and debit card but no overdraft.

    Sort this out while you are young for yours and your daughters sake. I would be up front with your ex re your money situation. He obviously pays maintenance so make sure you set aside money monthly if he pays it in lump sums so it is not all spent at once.
    2 weeks to go until early retirement in December . 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
    • timetobefrugal
    • By timetobefrugal 24th Oct 17, 4:59 PM
    • 71 Posts
    • 189 Thanks
    timetobefrugal
    Thankyou all for the comments, honestly I take them all on board. I KNOW an emergency fund is essential for me. I did have £300 in my savings at one point but as soon as it was spent then I never managed to top it up. Now all major things are out of the way such as best friend's wedding and the holiday then I feel I can properly tackle this. I definitely don't buy my daughter things in terms of possessions to ease my mum guilt but having grown up poor I guess that's something I never want her to experience, ironic seeing as I've gotten myself into so much debt! And when I say poor I don't mean I want to be rich as money and possessions aren't what motivate me, but I just don't want her to see me struggle.

    I've sat down this morning and done my spreadsheet up until March 2018 and have decided to allocate my spare £180 per month into the following:

    £50 fun money
    £40 for DD clothes and any birthday gifts that month (add £10 per birthday)
    £20 'me' fund until I reach £200

    That should leave me with around £70 to throw at my emergency fund.

    I'm going to use the envelope method and withdraw my fun money, food shopping money, me fund and DD clothing/gifts fund each month and get in to the habit of leaving my bank card at home as I think this will really help me.

    I was going to pop to tesco on my way home from work for some dark chocolate as I fancy some but I've decided not to after reading these posts, need to start taking this seriously so will make do with the dregs in the nutella jar when I get home

    Debtfreeduo - I won't spoil it for you! I think I have the opposite problem as I tend to avoid thinking about things I'm abit of a drifter!

    I got working tax credits up until I upped my hours at work now I only get the child tax element, I think the water and electricity and means tested having looked at them!

    Thanks again for everyone's input!
    Debt Total October 2017 £20,511.27
    • camz2017
    • By camz2017 24th Oct 17, 9:47 PM
    • 150 Posts
    • 184 Thanks
    camz2017
    Just letting you know I am watching now and wish you all the best. You seem so sweet, and you have a lot on your plate!
    • camz2017
    • By camz2017 24th Oct 17, 9:57 PM
    • 150 Posts
    • 184 Thanks
    camz2017
    Switch the broadband £37 is way too high!

    TalkTalk fibre is £25 a month and £75 cashback on Quidco.

    That should be plenty fast, as it uses a BT line it wont be any worse than your existing Sky service.

    Get it switched over!

    Really easy to switch, just place order with TalkTalk ensuring to use your telephone landline number, they will take over everything and Sky will automatically send a final bill once TalkTalk take over. Was dead easy for me.

    Re Gas + Electricity, are you on the best deal? Are you paying Direct Debit? British Gas is not usually cheap.

    Re Council Tax: are you paying over 10 months (the default)? You can call and ask to split payments over 12 months, thereby you don't get the free 2 months, but lower fee every month.

    All the charity stuff, cancel it tomorrow. Hate to be harsh, but think of yourself.

    RE Petrol: download Waze on your phone, you can click the petrol button and it will show you all the local petrol station fuel prices, including the best value ones.

    Hope to have helped, these are all little things I did in my old flat.
    Last edited by camz2017; 24-10-2017 at 10:04 PM.
    • timetobefrugal
    • By timetobefrugal 3rd Nov 17, 2:10 PM
    • 71 Posts
    • 189 Thanks
    timetobefrugal
    Thanks for the response Camz!

    I should have mentioned that price was for TV and Internet but I have since your suggestion, switched over to TalkTalk and have gotten pretty much the same TV package and fibre internet for £33.50 a month with £110 cashback! So thankyou otherwise I wouldn't have seen that!

    With regards to council tax I prefer to have the 2 months off rather than saving £16 a month as it seems to make more of a difference to me.

    A few other positives, I've opened up another savings account to pay my treat money in to as I figured even with the envelope method I'd end up spending the cash. I've set up payments to start in Jan and won't touch this until it reaches £200 I've also sorted out my old phone which I had dropped and smashed the screen of. I had purchased a new phone in a panic which I'm hoping to sell on Ebay for enough to cover the cost of the repair and some leftover.

    All my birthday gifts managed to come in under the £30 I had allocated so I'm happy about that and I still have £73 spare to pay for my daughter's birthday.

    Nothing much planned for the weekend as I've never been a fan of fireworks and my DD is with her dad Saturday night so he will probably take her to see some. So will be a cheap weekend in of uni work and cleaning for me! I've got a box of dye leftover as need to touch up my roots and purchased myself some hairdressing scissors to give it a trim, hopefully I won't bodge it and end up with wonky hair
    Debt Total October 2017 £20,511.27
    • enthusiasticsaver
    • By enthusiasticsaver 3rd Nov 17, 2:31 PM
    • 4,833 Posts
    • 9,129 Thanks
    enthusiasticsaver
    It sounds like you are trying to get on top of this. It is important to realise that this will not be forever if you can get to grips with budgeting and being financially disciplined. If you know you are an emotional spender do not go to the shops on a day when you are feeling vulnerable. Good to see you passed on the trip to Tescos and whilst chocolate is nice the extra £5 or £10 you may have spent whilst there will upset your budget. Healthier to go without chocolate too.
    2 weeks to go until early retirement in December . 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
    • DebtFreeDuo
    • By DebtFreeDuo 3rd Nov 17, 5:50 PM
    • 615 Posts
    • 3,013 Thanks
    DebtFreeDuo
    Well done on some saves. I also chop at my own hair, if I went to a hairdresser they would probably wonder who the hell has been cutting my hair but I don't bother doing anything with it very often so you can't tell if its uneven. I will treat myself to a trip to the hairdressers when all my debts have gone and I have saved for it.
    Loan:1780.49 2207.38 Car Loan:2039.22 2419.64 0% CC:984.98 1063.48 Overdraft: 860 Overpayment:1781 Total: 7445.69 DFD Dec 18
    SPC 586
    • timetobefrugal
    • By timetobefrugal 8th Nov 17, 11:26 AM
    • 71 Posts
    • 189 Thanks
    timetobefrugal
    Debtfreeduo - I don't think I've done too bad of a job although I'm sure my hairdresser would disagree lol!

    Not much to report this week, I've checked my new debt total and it's currently at £20,286.11 and I have 3 more debt repayments to go out before the end of the month so I'm feeling pretty chuffed that this number will be under 20k by Christmas

    Still struggling with my uni work, probably because the current content is so boring! My first essay is on promissory estoppel and 'consideration' within a contract which does absolutely nothing for me in terms of interest . Surprisingly still coping OK with doing 5 days a week at work although my housework is suffering slightly

    I have everything sorted for my DDs birthday I just need to get some wrapping paper to wrap her presents and I'm done. I'm still waiting on about 8 people to RSVP to her party which is very frustrating. Got a few good workouts in this week and have been eating well so feeling better within myself. No plans for the weekend so will probably do some batch cooking and get my meal prep done for next week!
    Debt Total October 2017 £20,511.27
    • DebtFreeDuo
    • By DebtFreeDuo 8th Nov 17, 11:36 AM
    • 615 Posts
    • 3,013 Thanks
    DebtFreeDuo
    Well done on the debt heading under the £20k mark!

    I'm really struggling with uni, I have a test this week and 2 assignments due in next week and I haven't started either of them and have barely done any revision. I'm beginning to wonder if I should change my degree.

    Good luck with DDs birthday, I hope it all goes smoothly.
    Loan:1780.49 2207.38 Car Loan:2039.22 2419.64 0% CC:984.98 1063.48 Overdraft: 860 Overpayment:1781 Total: 7445.69 DFD Dec 18
    SPC 586
    • Bythelight
    • By Bythelight 8th Nov 17, 12:05 PM
    • 8 Posts
    • 8 Thanks
    Bythelight
    Not much to report this week, I've checked my new debt total and it's currently at £20,286.11 and I have 3 more debt repayments to go out before the end of the month so I'm feeling pretty chuffed that this number will be under 20k by Christmas
    That is heading in the right direction! In fact I think you have paid off 1% already. You only need to do this another 99 times before you are debt free.
    • Kitten868
    • By Kitten868 8th Nov 17, 8:45 PM
    • 846 Posts
    • 1,727 Thanks
    Kitten868
    Sounds like you're doing fantastic. It's just hard and there will be things that trip you up along the way and spend your money for you. You have to have a decent car. Cheap cars cost more in my experience. A lot of my debts have been for my old car, fixing this and that essential maintenance. Must have replaced everything on that car. £800 every other month and guzzling a tank of petrol twice a week my debt mounted.
    Wilkinsons own Lego is great stuff.
    I'm holding off Christmas shopping this year for black Friday. It's so odd. I'm normally done by now. Feels very odd.
    Don't forget when little one goes to school you won't have child care fees as high anymore. Xxx
    Loan 1 £7100/£8000
    Loan 2 £5100/£5800
    Total £12200/£13800 12% PAID
    • timetobefrugal
    • By timetobefrugal 6th Dec 17, 9:38 AM
    • 71 Posts
    • 189 Thanks
    timetobefrugal
    I really am terrible at updating this diary!

    A little update before I get on with some actual work at work. Dd's birthday went really well, she really enjoyed her party with her friends and her day out with me and her dad. I thought I was really going to struggle this Christmas and didn't think I'd make it through without putting at least a few bits on a CC (I know, I know) however, I applied through my union for a learning grant they offer in association with the Open University and was awarded £200! I had an email yesterday to confirm that itís all gone through and should be with me in the next few weeks. This has literally been my saving grace and means for the first time in years I will make it through Christmas without adding to my CC debt, that along with the money I have made ebay this month ! So I treated myself to a new work shirt and trousers from the tesco sale totalling £19. It does make me more determined to make sure I am prepared for next year so along with my other little saving goalds I am setting myself a £300 Christmas pot! It doesnít help that I have 5 birthdayís in November, 3 in December, 3 in Jan and my sisterís 30th this Feb! Iím also due to have my hair done at the end of Jan/Feb (I havenít had it done since beginning of Sept) so I feel like December and Januaryís pay are pretty much already spent. I should receive my £110 quidco cashback by 14th Jan so that hopefully that will cover birthday presents and then maybe I can get on with getting my emergency fund up.

    Work is busy at the minute along with my uni work, awaiting my mark for my first assignment for this year, Iím always a little worried waiting for the first one because Iím never sure of how well I have done. I have my works festive do next week which I have budgeted £20 for and Iím meeting up with some friends the week leading to Christmas so again, have budgeted £20 for that but donít think I will spend that much. I have already booked and paid to take my daughter to see santa so I donít expect that to cost any more. I have her new Christmas pjs, a Christmas book and some chocolates ready for her Christmas Eve, sheís with her dad this year which means Christmas eve Iíll be sat sipping mulled wine watching Christmas movies on my own. Sheíll be with him Christmas eve and Christmas day then with me Christmas night and boxing day, we alternative this each year but always open presents together with her Christmas morning.

    Will wait until the end of December to see what my new debt total is, hopefully will be starting the new year under 20k as planned 
    Debt Total October 2017 £20,511.27
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