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  • FIRST POST
    • boxofpaws
    • By boxofpaws 15th Jan 17, 1:26 PM
    • 323Posts
    • 1,229Thanks
    boxofpaws
    Boxofpaws is keeping it simple
    • #1
    • 15th Jan 17, 1:26 PM
    Boxofpaws is keeping it simple 15th Jan 17 at 1:26 PM
    Hello lovely MSE-ers!,


    I have been a user of this site for many years but created a new username on 3rd Jan because I had doubled the debt and I was so embarrassed!


    So here I am, £40k+ in debt. The reasons (excuses) are many and varied, so I won't dwell on the past. However, our current situation is good, good income, happy marriage, nice home and we can really make good in-roads to this accumulated debt.


    In the past, we have failed at debt busting, and I think it was down to the plan being too punishing and too complicated. This time, I will set us achievable targets and make it easy to hit them.


    Thanks to anyone who has read so far, I will report back later with my plan.


    Boxofpaws x
Page 15
    • boxofpaws
    • By boxofpaws 19th Mar 17, 8:39 PM
    • 323 Posts
    • 1,229 Thanks
    boxofpaws
    My "budget" workbook divides things into monthly and annual lists. I started with just the obvious big things but now I have added things like "cattery" and "travel insurance" as well as an allowance for things like oil (no mains gas here).

    I like Armchair Expert's suggested categories but I just look critically at each entry to work out how to reduce it a bit. The only thing I can't reduce is Council Tax so far...
    Originally posted by Suffolk lass
    I need to be inventive to get the entertainment budget a bit further.

    My council tax is going up by £9 a month.
    Debt 03/01/17 = £42000
    Debt today = £37924
    • motivated
    • By motivated 19th Mar 17, 9:01 PM
    • 383 Posts
    • 789 Thanks
    motivated
    I need to be inventive to get the entertainment budget a bit further.

    My council tax is going up by £9 a month.
    Originally posted by boxofpaws
    My council tax has gone up by £6 a month too
    Very annoying
    M
    I have arrived in DMP Land and I like it. I may stay a while
    April 2017 £82,500 - DFD July 2024
    • boxofpaws
    • By boxofpaws 19th Mar 17, 9:02 PM
    • 323 Posts
    • 1,229 Thanks
    boxofpaws
    Good things
    • Had two nights away with work and one night was an business evening event, that was absolutely amazing. It didn't feel like work at all, I had so much fun
    • Cashback earned on my hotel stay
    • we were supposed to go away for the weekend with friends this weekend, but to save costs we just had a takeaway on Friday night, then yesterday we had drinks in town (I drove to save us bus fair), then back to the house of the friends we were meant to be going away with who cooked instead. When we said we were a bit too skint for the weekend away, they were really relieved because they were skint too. So we spent £75 instead of £200
    • I am trying the meerkat movie thing. I bought 1 days travel insurance for £2.41 which gives me 2 for 1 on Tuesday or Wednesdays for a year. Have booked to go to see Get Out on Wednesday.
    • My parents in law had a friend who died last year who may have gifted them some money. My MIL basically cared for her in the last 10 years of her life, this lady even moved into the house opposite my in laws so that they could be nearer. When she died last year, we thought that my MIL hadn't been remembered at all, and I felt really sad for her. Anyway, it turns out she left her a cheque but the daughters don't know about it. There is no guarantee that this cheque will clear if it hasn't been done through the will, but the very fact that she did remember my MIL is the thing that matters. That she had made a gesture.
    • If the above cheque does clear, my MIL has given us £1000. She has written us a cheque but asked us not to cash it until she says so.

    Bad things
    • The Friday night Indian takeaway was £30. It was good but not worth that kind of money. We haven't had a takeaway for ages, and it did feel like a waste.
    Debt 03/01/17 = £42000
    Debt today = £37924
    • armchairexpert
    • By armchairexpert 19th Mar 17, 11:06 PM
    • 248 Posts
    • 1,734 Thanks
    armchairexpert
    I like Armchair Expert's suggested categories but I just look critically at each entry to work out how to reduce it a bit. The only thing I can't reduce is Council Tax so far...
    Originally posted by Suffolk lass
    Yep, it's also absolutely possible to reduce most of the things you think of as fixed costs...but usually that reduction is limited. Once you've shopped around for the best insurance deal, switched energy providers and haggled with your phone company, that's done - at least in the short term. Whereas I put (eg) groceries in Cat 2 because if you have a really, really tight month you can live off value beans and HM bread and bendy vegetables for a while!
    MFW

    Feb 17 -$229,371
    March 17 -$230,023
    • Treadingonplaymobil
    • By Treadingonplaymobil 20th Mar 17, 5:23 AM
    • 395 Posts
    • 2,561 Thanks
    Treadingonplaymobil
    Lovely that your in laws were remembered after all - I hope the cheque clears.
    £67,031.92 is a frightening number indeed... The debt free diary of one family and their enormous debt
    LBM debt on 12th February 2017/DFD: £67,031.92/1st December 2026
    debt on 6/3/17/DFD: £65,836.53/1st August 2026
    • EssexHebridean
    • By EssexHebridean 21st Mar 17, 11:18 AM
    • 7,014 Posts
    • 37,533 Thanks
    EssexHebridean
    Council tax increase here but I can't remember how much exactly - bet it's a similar sort of amount to the rest of you though. On the flip side though our garage rental has gone down by £4 a month.

    That thing about your weekend away that wasn't make me smile Paws - goes to show doesn't it - that it's NOT just you struggling for cash no matter how much it sometimes feels like it - and you never really know how other people's live shape up in comparison. we have an awful tendancy to assume that other people are better off than we are purely based on appearances - but what you can't tell of course is what's going on in the background - whether the "things" you're basing a judgement on are bought (as we usually assume) or whether there's a credit card or loan taking the strain... Glad you had a fabulous time!
    MORTGAGE FREE 30/09/2016
    Sainsbugs 0% card: 22/12/16 £1229.00/£232.22
    • boxofpaws
    • By boxofpaws 21st Mar 17, 10:11 PM
    • 323 Posts
    • 1,229 Thanks
    boxofpaws
    Yep, it's also absolutely possible to reduce most of the things you think of as fixed costs...but usually that reduction is limited. Once you've shopped around for the best insurance deal, switched energy providers and haggled with your phone company, that's done - at least in the short term. Whereas I put (eg) groceries in Cat 2 because if you have a really, really tight month you can live off value beans and HM bread and bendy vegetables for a while!
    Originally posted by armchairexpert
    Fixed costs and variable costs. I think I've done what I can with the fixed costs. I now have the current spends for variable costs. Next steps is to reduce them. I reviewed it all again last night

    Variable costs
    Budget £672
    Average £749 (not too bad, should be able to shave £77 off that, shouldn't we?)
    Actual in the last calendar month £950

    Lovely that your in laws were remembered after all - I hope the cheque clears.
    Originally posted by Treadingonplaymobil
    Thank you, me too

    Council tax increase here but I can't remember how much exactly - bet it's a similar sort of amount to the rest of you though. On the flip side though our garage rental has gone down by £4 a month.

    That thing about your weekend away that wasn't make me smile Paws - goes to show doesn't it - that it's NOT just you struggling for cash no matter how much it sometimes feels like it - and you never really know how other people's live shape up in comparison. we have an awful tendancy to assume that other people are better off than we are purely based on appearances - but what you can't tell of course is what's going on in the background - whether the "things" you're basing a judgement on are bought (as we usually assume) or whether there's a credit card or loan taking the strain... Glad you had a fabulous time!
    Originally posted by EssexHebridean
    Not one person has argued with the 'we're cutting back' comments, people have so far siezed the opportunity to save some cash by doing something cheap with us.

    We are good fun though
    Last edited by boxofpaws; 21-03-2017 at 11:01 PM.
    Debt 03/01/17 = £42000
    Debt today = £37924
    • Bobarella
    • By Bobarella 21st Mar 17, 10:37 PM
    • 10,102 Posts
    • 64,608 Thanks
    Bobarella
    Glad you had a nice weekend. And also that your MIL was given the cheque. I'm sure she didn't do what she did for money but it is always nice to feel appreciated.
    £378 Debt free by 31/03/17 or bust
    Roadkill 17 £51.30 2016-£62.28 2015- £84.20)
    RYSAW17 £1410.90 2016 £2,535.16 2015 £1027.20
    PAYDBX 7 #£397/£760 to go!!
    NST March1 4/15
    • EssexHebridean
    • By EssexHebridean 22nd Mar 17, 1:17 PM
    • 7,014 Posts
    • 37,533 Thanks
    EssexHebridean
    I'm honestly not surprised that you've not encountered anyone being odd about the cutting back thing - I think so many people feel a huge pressure to keep up - having someone say "You know what, we're jumping off this treadmill for a bit - you can join us or we'll see you on the other side" just gives them such a great chance to say "Great - we'll join you!"
    MORTGAGE FREE 30/09/2016
    Sainsbugs 0% card: 22/12/16 £1229.00/£232.22
    • Treadingonplaymobil
    • By Treadingonplaymobil 23rd Mar 17, 9:40 AM
    • 395 Posts
    • 2,561 Thanks
    Treadingonplaymobil
    I am terrible about agreeing to go for a coffee instead of suggesting a walk, or meeting up with the kids at the local (most expensive in the universe) soft play. It doesn't even occur to me to suggest an alternative, I must give it a try. Thanks for the inspiration
    £67,031.92 is a frightening number indeed... The debt free diary of one family and their enormous debt
    LBM debt on 12th February 2017/DFD: £67,031.92/1st December 2026
    debt on 6/3/17/DFD: £65,836.53/1st August 2026
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