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  • FIRST POST
    • JWPopps
    • By JWPopps 13th Dec 16, 7:03 PM
    • 265Posts
    • 1,415Thanks
    JWPopps
    Flush by 30?
    • #1
    • 13th Dec 16, 7:03 PM
    Flush by 30? 13th Dec 16 at 7:03 PM
    Hello!

    I'm fairly new to MSE and have become totally obsessed with reading everyone else's diaries, so I thought I'd do one of my own! Even if no one else ever reads it, I'm hoping it will be somewhere I can rant my rants and think my thoughts without a) boring my friends and family and b) embarrassing myself in front of friends and family!

    I'm 26 (27 in March) and have had a bit of a slog to get to where I am today which I will likely go into later... basically, money has always been something other people have. So, while my debts might not seem huge, making the payments every month is stopping me from really appreciating how far I've come and how nice it is to be earning a relatively good wage.

    The above paragraph sounds a bit up myself, actually. Oh well!

    Debts:
    Barclaycard: £1465.49 (19%)
    Sainsburys card: £75 (0%)
    Barclayloan: £6,673.36 (4.9%)
    Overdraft: £485.09 (I get charges as well but not sure of the %)
    Mortgage: £88,163.97 (34 years left on it, at 3.99%)

    I'm not stressing about getting my mortgage paid off at the moment; it would be nice to be debt free and have a nice emergency fund, and maybe even a fun fund, and to be making mortgage overpayments.

    Total debt I'm worried about then: £8,698.94

    Goals for 2017:
    Pay off Barclaycard and close
    Get Sainsbury's card to 0 every month (i.e. use only for groceries)
    Pay off overdraft
    Get loan down to £3,500
    Start an Emergency Fund
    Start a Fun Fund
    Start making mortgage OPs
    Chill the heck out about my finances for the first time in 11 years!!
Page 12
    • JWPopps
    • By JWPopps 25th Sep 17, 9:29 AM
    • 265 Posts
    • 1,415 Thanks
    JWPopps
    Thank you SSG!
    Credit Card Debt: £720
    Loan Debt: £6,100
    Savings: £30



    [B]PAYDBX 2017 - #19 : 80% paid 6624/8280[/
    • Sun Addict
    • By Sun Addict 25th Sep 17, 8:57 PM
    • 4,749 Posts
    • 28,273 Thanks
    Sun Addict
    I'm not surprised about the break up to be honest. The good thing is that it was amicable, no hard feelings.

    Good luck with the assignment
    Virtual Sealed Pot 2018 £20.70
    December 3 NSD
    Weight loss 2/7lbs
    Mr SA finally in remission December 2013
    • JWPopps
    • By JWPopps 26th Sep 17, 2:03 PM
    • 265 Posts
    • 1,415 Thanks
    JWPopps
    No SA, neither am I!!

    Managed to get my assignment sorted on time; I have another in a month so I'm just planning that one out as well. I've got a lovely trip planned to the seaside with another recently-single friend and we're going to play on slot machines, eat fish and chips and lemon-top ice cream.

    And if it rains there'll be no one else there. Bliss!
    Credit Card Debt: £720
    Loan Debt: £6,100
    Savings: £30



    [B]PAYDBX 2017 - #19 : 80% paid 6624/8280[/
    • JWPopps
    • By JWPopps 30th Sep 17, 4:45 PM
    • 265 Posts
    • 1,415 Thanks
    JWPopps
    Ugh I have the WORST cold; I'm headachey and muscle achey and nose-bunged-uppy and all manner of other annoyances. Still, I think today is probably the worst of it, hopefully I'll feel better for the seaside tomorrow. Would be awful if not!!

    money-wise I'm ok, have been paid by the charity so i'm keeping some back in case it looks like I'm in danger of going into my overdraft but with a hope to have enough left to maybe get a loan overpayment in this month.
    Credit Card Debt: £720
    Loan Debt: £6,100
    Savings: £30



    [B]PAYDBX 2017 - #19 : 80% paid 6624/8280[/
    • Sun Addict
    • By Sun Addict 30th Sep 17, 8:18 PM
    • 4,749 Posts
    • 28,273 Thanks
    Sun Addict
    Hope you feel better soon. Hope you manage to enjoy the seaside - the sea air will be good for your cold.
    Virtual Sealed Pot 2018 £20.70
    December 3 NSD
    Weight loss 2/7lbs
    Mr SA finally in remission December 2013
    • JWPopps
    • By JWPopps 2nd Oct 17, 9:38 AM
    • 265 Posts
    • 1,415 Thanks
    JWPopps
    Hi SA and everyone,

    Thank you! I'm fine, I got the worst out of the way on Saturday and then did indeed enjoy the sea air! Also spent a ridiculous amount of money in the 2p machines, but it was all budgeted for and the amount of tat I won will work nicely as Christmas presents and stocking fillers for various family children...

    Hope everyone else had a wonderful weekend!!
    Credit Card Debt: £720
    Loan Debt: £6,100
    Savings: £30



    [B]PAYDBX 2017 - #19 : 80% paid 6624/8280[/
    • Seasidegal58
    • By Seasidegal58 3rd Oct 17, 11:37 PM
    • 1,191 Posts
    • 6,682 Thanks
    Seasidegal58
    Great to hear that you enjoyed your seaside trip JW. I used to love playing the slot machines - wow only 2p as well!
    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!"
    • JWPopps
    • By JWPopps 20th Oct 17, 9:49 AM
    • 265 Posts
    • 1,415 Thanks
    JWPopps
    Hello everyone!

    I haven't updated in a little while because I am *so busy*!

    My colleague's last week before maternity leave is next week, so we're rapidly trying to develop a handover plan. I have 19(!!) hours teaching in sessions next week, which is absolutely ridiculous, and also I'm having a nightmare with one of the lodgers from the charity.

    AND my next assignment is due on the 30th and I've barely written a word!!

    Overall, I've been far too busy to think MSE... hopefully I'll be back when it dies down!
    Credit Card Debt: £720
    Loan Debt: £6,100
    Savings: £30



    [B]PAYDBX 2017 - #19 : 80% paid 6624/8280[/
    • Seasidegal58
    • By Seasidegal58 22nd Oct 17, 10:27 AM
    • 1,191 Posts
    • 6,682 Thanks
    Seasidegal58
    Wow! Youíve certainly got a lot on your plate! Look forward to your posts once things have calmed down. Hope the pesky lodger is sorted out!
    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!"
    • Seasidegal58
    • By Seasidegal58 3rd Nov 17, 7:48 PM
    • 1,191 Posts
    • 6,682 Thanks
    Seasidegal58
    Hi JWPops - hope things have died down a bit for you.
    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!"
    • Kitten868
    • By Kitten868 3rd Nov 17, 10:07 PM
    • 846 Posts
    • 1,727 Thanks
    Kitten868
    Hello lovely I am pretty sure I posted AGES ago on your diary. I've been absent from MSE as my phone/internet doesnt like MSE. I think you sound fantastic. I noticed your mortgage is on 3.99% have you moved on to a lower fixed rate on that one? That'll save you loads of money long term.
    You put me to shame with all the things you manage to do. Something had to give and I think the bf was the right choice. You have so much power and love inside you youre going to find it hard to find someone who deserves you and can keep up with you! You are a very special kind of person - you have lots of love and patience in your heart and your fantastic at sharing it out.
    Keep your chin up you're doing amazing xxx
    Loan 1 £7100/£8000
    Loan 2 £5100/£5800
    Total £12200/£13800 12% PAID
    • JWPopps
    • By JWPopps 29th Nov 17, 12:19 PM
    • 265 Posts
    • 1,415 Thanks
    JWPopps
    Hello again!!
    Hi guys!

    I have been away what feels like forever... so I'm back, with an update.

    I also think it's been about a year since I started this up so, good timing!

    Good News
    I've worked it out, and I've paid off nearly £3000 of debt over the last year. I haven't necessarily hit all the goals I set for myself, but that's still a debt payment of about £250 a month! I'm so pleased with myself.

    Having disposed of the troublesome lodger, my long-term placement now is amazing. We get on incredibly well, she never forgets to lock the front door or leave the oven on, she always pays her rent on time... honestly, she's a dream.

    My mum has a job!!!!!!! It's less hours, less stress, and enough money that she can stay in the little house she moved to. She's so happy, and I'm happy too

    I've handed in all those assignments that were stressing me out. I'll have 3 more to do to qualify in my field properly, but I can spread those ones out a bit more. One of them is entirely distance learning as well so less travelling will be involved next year, which makes me happy. I've also had my marks back for two of them, and I'm on track for a merit so far.

    I've been covering my senior colleague's maternity leave for a month so far, and the place hasn't fallen down around my ears so I'm obviously not doing too badly

    Less Great But Still Not "Bad" News
    My ex is still leaning on me for emotional support and I wish I was brave enough to just cut him off but I feel a bit... guilty? I don't know. I don't miss him, that's for damn sure.

    I don't think I have any news worse than that...

    I might do a new SOA at some point, and a new plan for after Christmas it feels good to be back on an even keel...
    Credit Card Debt: £720
    Loan Debt: £6,100
    Savings: £30



    [B]PAYDBX 2017 - #19 : 80% paid 6624/8280[/
    • JWPopps
    • By JWPopps 29th Nov 17, 1:04 PM
    • 265 Posts
    • 1,415 Thanks
    JWPopps
    Updated SOA
    Statement of Affairs and Personal Balance Sheet

    Household Information

    Number of adults in household........... 1
    Number of children in household......... 1 (she's not really a child, she's 16)
    Number of cars owned.................... 0

    Monthly Income Details

    Monthly income after tax................ 1666
    Partners monthly income after tax....... 0
    Benefits................................ 0
    Other income............................ 530
    Total monthly income.................... 2196


    Monthly Expense Details

    Mortgage................................ 397
    Secured/HP loan repayments.............. 0
    Rent.................................... 0
    Management charge (leasehold property).. 0
    Council tax............................. 89
    Electricity............................. 25
    Gas..................................... 25.45
    Oil..................................... 0
    Water rates............................. 28.8
    Telephone (land line)................... 0
    Mobile phone............................ 36.75 (yes it's high but I use it a LOT and won't be as high for much longer).
    TV Licence.............................. 13.12
    Satellite/Cable TV...................... 0
    Internet Services....................... 20.5
    Groceries etc. ......................... 400 (Also high at £100 per week, but this includes pet food, food for me, food for short term people staying over and food for my long term placement)
    Clothing................................ 20
    Petrol/diesel........................... 0
    Road tax................................ 0
    Car Insurance........................... 0
    Car maintenance (including MOT)......... 0
    Car parking............................. 0
    Other travel............................ 84
    Childcare/nursery....................... 0
    Other child related expenses............ 0
    Medical (prescriptions, dentist etc).... 0
    Pet insurance/vet bills................. 28.97
    Buildings insurance..................... 17.05
    Contents insurance...................... 0 (in with buildings)
    Life assurance ......................... 38
    Other insurance......................... 15.25 (boiler cover)
    Presents (birthday, christmas etc)...... 30
    Haircuts................................ 0 (my friend's a trainee hairdresser )
    Entertainment........................... 100
    Holiday................................. 0
    Emergency fund.......................... 25
    Total monthly expenses.................. 1393.89



    Assets

    Cash.................................... 200
    House value (Gross)..................... 110000
    Shares and bonds........................ 0
    Car(s).................................. 0
    Other assets............................ 500
    Total Assets............................ 110700



    Secured & HP Debts

    Description....................Debt......Monthly.. .APR
    Mortgage...................... 86948.5..(397)......3.99
    Total secured & HP debts...... 86948.5...-.........-


    Unsecured Debts
    Description....................Debt......Monthly.. .APR
    Sainsbury's Card...............725.36....5.........0
    Barclayloan....................6199.95...175...... .4
    Total unsecured debts..........6925.31...180.......-



    Monthly Budget Summary

    Total monthly income.................... 2,196
    Expenses (including HP & secured debts). 1,393.89
    Available for debt repayments........... 802.11
    Monthly UNsecured debt repayments....... 180
    Amount left after debt repayments....... 622.11


    Personal Balance Sheet Summary
    Total assets (things you own)........... 110,700
    Total HP & Secured debt................. -86,948.5
    Total Unsecured debt.................... -6,925.31
    Net Assets.............................. 16,826.19


    Created using the SOA calculator at www.stoozing.com.
    Reproduced on Moneysavingexpert with permission, using other browser.
    Credit Card Debt: £720
    Loan Debt: £6,100
    Savings: £30



    [B]PAYDBX 2017 - #19 : 80% paid 6624/8280[/
    • enthusiasticsaver
    • By enthusiasticsaver 29th Nov 17, 3:25 PM
    • 4,856 Posts
    • 9,176 Thanks
    enthusiasticsaver
    Fantastic update. So pleased your new lodger working out and good rate of debt repayment.
    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
    • Sun Addict
    • By Sun Addict 30th Nov 17, 7:54 PM
    • 4,749 Posts
    • 28,273 Thanks
    Sun Addict
    Welcome back All sounding good apart from the ex situation. If you don't want him back then it's fairer to him to cut the ties really.
    Virtual Sealed Pot 2018 £20.70
    December 3 NSD
    Weight loss 2/7lbs
    Mr SA finally in remission December 2013
    • Seasidegal58
    • By Seasidegal58 2nd Dec 17, 4:53 PM
    • 1,191 Posts
    • 6,682 Thanks
    Seasidegal58
    Iím so pleased to see you posting again JW! And what a great, positive post it was! Iím glad everything is working out so well for you - lodger, mum and your career. I agree with SA about the ex - it can be hard to cut ties if youíve been heavily emotionally involved with someone, but youíve moved on now and really donít need the negativity.

    Your SOA is looking excellent as well. Do you think you could get your life assurance cheaper?

    All looking good though for 2018!
    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!"
    • JWPopps
    • By JWPopps 5th Dec 17, 9:33 AM
    • 265 Posts
    • 1,415 Thanks
    JWPopps
    Thank you all, I'm really pleased to be back posting!

    enthusiasticsaver I'm hoping to repeat it next year, and maybe even double it while I'm still on promotion money... that would feel very positive!

    SA You're absolutely right, of course. I won't go into what he was saying to get me to talk to him but it was all about his loneliness and how he's realised he took it for granted having me to talk to (notice - not 'he took me for granted' but 'took it for granted having me to talk to'). Anyway, I got a bit shirty with him last week and he seems to have laid off now, so that's good.

    SSG hello!! I am thinking about getting in touch with my mortgage broker after Christmas, since he helped me get that deal as well. It's expensive in part because of hereditary illnesses in my family and in part because I'm overweight, but is also I think linked to how much it would cost to pay off my mortgage in case I claimed, and I have paid it down a bit since I took it out so maybe something could be better?
    Credit Card Debt: £720
    Loan Debt: £6,100
    Savings: £30



    [B]PAYDBX 2017 - #19 : 80% paid 6624/8280[/
    • JWPopps
    • By JWPopps 5th Dec 17, 11:21 AM
    • 265 Posts
    • 1,415 Thanks
    JWPopps
    Goals!
    So then, I'm a little early for Resolution Time, but I'm in a reflective kind of mood...

    In 2018...
    ...it would be nice to:

    - Pay off my loan
    - Get my Emergency Fund looking something like
    - Develop a properly functioning Fun Fund (for seeing friends etc)
    - Decorate a bit more of my house (in particular, my bedroom)

    In the short term...
    ...I will need to:

    - Be better about meal planning
    - Look at my outgoings and see if I can do any shaving off the cost of certain bills (like my life insurance for example)

    Also in the short term...
    ...I want to:

    - Clear out my wardrobe
    - Develop a manageable cleaning pattern

    The above two items stem from the fact that I am getting a bit stressed about my housework sitch. I work long hours, especially when you take my 3 hour minimum round commute into consideration. I'm thinking of developing one of those plans where you do one thing for 10 minutes on a Monday, another on a Tuesday, etc etc, so it's not quite so onerous every Saturday morning!!

    So...

    Goals For December:

    - Clear out my wardrobe
    - Look into the daily cleaning rota thingie
    - Edit my novel (it would be nice, really...)
    - Start meal planning again
    - Buy the rest of the Christmas presents (much cheaper sans-boyfriend let me tell you!)
    - Chill out and feel ready for the new year!!!
    Credit Card Debt: £720
    Loan Debt: £6,100
    Savings: £30



    [B]PAYDBX 2017 - #19 : 80% paid 6624/8280[/
    • Sun Addict
    • By Sun Addict 7th Dec 17, 10:01 PM
    • 4,749 Posts
    • 28,273 Thanks
    Sun Addict
    Sounds like a good plan. Goals are for life not just for New Year I'm like you with the cleaning. I bought a book that planned out small doses of cleaning to free up weekends. Then I broke my ankle, then we had the house renovations, so still not started it.
    Virtual Sealed Pot 2018 £20.70
    December 3 NSD
    Weight loss 2/7lbs
    Mr SA finally in remission December 2013
    • JWPopps
    • By JWPopps 8th Dec 17, 11:27 AM
    • 265 Posts
    • 1,415 Thanks
    JWPopps
    Hi SA I love an excuse to buy a new book, so I'd be interested in what it's like!

    For reasons I shan't go into (for anonymity of all involved) I have a journalist coming round to my house tonight, and this has really thrown the cleaning thing into sharp relief, in that I haven't been home apart from to sleep this week and I'm a little embarrassed to show my house to someone!!

    Other than that, annoyingly I've had to have a boiler repair done which has cost me £60 excess, but would have been a lot more expensive if I didn't have boiler cover at all.

    I've also unnecessarily spent £13.50 on an entrance fee for a writing contest, but it's the only one I'm entering this year and it's a kick up the bum to start writing again.

    In better MSE news I've had 6 nights for the charity so far this month, on top of the standard payment I get for my lodger so that will cover the boiler excess and probably pay for a few last little bits I need for Christmas.

    All I want for Christmas is to pay off my credit card in December, which I know is an unusual request but I'm hoping Santa knows how good I've been nonetheless!!
    Credit Card Debt: £720
    Loan Debt: £6,100
    Savings: £30



    [B]PAYDBX 2017 - #19 : 80% paid 6624/8280[/
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