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  • FIRST POST
    • Treadingonplaymobil
    • By Treadingonplaymobil 12th Feb 17, 9:56 AM
    • 1,147Posts
    • 11,195Thanks
    Treadingonplaymobil
    £67,031.92 is a frightening number indeed....
    • #1
    • 12th Feb 17, 9:56 AM
    £67,031.92 is a frightening number indeed.... 12th Feb 17 at 9:56 AM
    £67,031.92. Seriously. £67,031.92. That is a SCARY number. I can't believe our debt has peaked (and it is the peak, I am determined) at this level.

    Our light bulb moment actually happened a few months back, but it's taken since then of wrangling utilities and carefully watching out income/outgoings (using You Need a Budget) to really figure out where we were overspending and how the monthly shortfall of anything from £200-£1,000+ was happening.

    We have literally nothing to show for this debt, it's just crept up over the past 8 years or so, and has always been at manageable levels, but back in October we realised we were spending more on credit cards each month than we were paying off.

    We committed that cardinal sin of taking out a consolidation loan, but alongside it we looked really carefully at our spending over the next couple of months, budgeted realistically for what we spend and have (I think) picked off all the easy 'low hanging fruit' of budget cuts and really identified why we were overspending.

    The main reason for the debt is, erm, me. Not that I'm the biggest spender (neither of us are amazing), but because I am self employed with a hugely variable income and basically worked out our budgets on the basis I would always earn my 'best' month's income. Which was, with hindsight, maybe a TINY bit deluded.

    The aim of this diary is to keep us on track with actually reducing our debt every single month, not doing it in a three steps forward, two (or four) steps back sort of way. Having sat down and put our numbers into the whatsthecost site, it appears that we are looking at 7 years and 1 month of repayments to clear the debt (and that's assuming we can get rid of the shortfall showing below). I REALLY want to reduce this term as that just seems bonkers.

    SOA below, with a couple of explanatory notes.

    Statement of Affairs and Personal Balance Sheet

    Household Information

    Number of adults in household........... 2
    Number of children in household......... 3
    Number of cars owned.................... 1

    Monthly Income Details

    Monthly income after tax................ 250 (variable, but this is the minimum I have earned in any month in the last 5 years)
    Partners monthly income after tax....... 2711.86
    Benefits................................ 192
    Other income............................ 0
    Total monthly income.................... 3153.86


    Monthly Expense Details

    Mortgage................................ 698
    Secured/HP loan repayments.............. 0
    Rent.................................... 0
    Management charge (leasehold property).. 0
    Council tax............................. 174 (including overpayment for a period when we messed up during a house move 18 months ago and didn't restart the direct debit for the new property. Will drop by a little under £50 after either March or April, can't remember which)
    Electricity............................. 52 (gas and electricity are one combined DD, I haven't checked the exact split but the total is £104)
    Gas..................................... 52
    Oil..................................... 0
    Water rates............................. 104 (also including a debt from previous property, but I think this will be included for another 6 months or so. I'm not sure what our actual usage is)
    Telephone (land line)................... 18.5 (includes internet)
    Mobile phone............................ 85 (£45 for my contract, which I use for work as well, £40 for DH)
    TV Licence.............................. 12.12
    Satellite/Cable TV...................... 0
    Internet Services....................... 0 (included in landline cost)
    Groceries etc. ......................... 520 (Includes £40 for one lot of school lunches. I am REALLY struggling to reduce this, but feel I could and should be able to!)
    Clothing................................ 100 (growing children, plus see notes below re clothes)
    Petrol/diesel........................... 225 (90% DH commuting costs)
    Road tax................................ 16.27
    Car Insurance........................... 25.22
    Car maintenance (including MOT)......... 30
    Car parking............................. 0
    Other travel............................ 50
    Childcare/nursery....................... 70 (this will disappear in April as child 3 gets free 15 hours)
    Other child related expenses............ 81.85 (music/swimming lessons x2, cubs and beavers, National Trust membership as they love visiting them)
    Medical (prescriptions, dentist etc).... 5
    Pet insurance/vet bills................. 0
    Buildings insurance..................... 27.07
    Contents insurance...................... 0
    Life assurance ......................... 16.26
    Other insurance......................... 0
    Presents (birthday, christmas etc)...... 90
    Haircuts................................ 20
    Entertainment........................... 135
    Holiday................................. 75
    Emergency fund.......................... 25
    Total monthly expenses.................. 2707.29



    Assets

    Cash.................................... 0
    House value (Gross)..................... 210000
    Shares and bonds........................ 0
    Car(s).................................. 800
    Other assets............................ 0
    Total Assets............................ 210800



    Secured & HP Debts

    Description....................Debt......Monthly.. .APR
    Mortgage...................... 173733...(698)......3.14
    Total secured & HP debts...... 173733....-.........-


    Unsecured Debts
    Description....................Debt......Monthly.. .APR
    Barclaycard....................6880.21...156...... .0
    MBNA...........................9614.71...98....... .0
    Parental loan..................20000.....0.........0 (see notes below)
    Tesco loan.....................21000.....377.......10
    Total unsecured debts..........57494.92..631.......-



    Monthly Budget Summary

    Total monthly income.................... 3,153.86
    Expenses (including HP & secured debts). 2,707.29
    Available for debt repayments........... 446.57
    Monthly UNsecured debt repayments....... 631
    Amount short for making debt repayments. -184.43


    Personal Balance Sheet Summary
    Total assets (things you own)........... 210,800
    Total HP & Secured debt................. -173,733
    Total Unsecured debt.................... -57,494.92
    Net Assets.............................. -20,427.92


    Created using the SOA calculator at stoozing.
    Reproduced on Moneysavingexpert with permission, using other browser.


    Regarding the (relatively) high clothes expense, it is a combination of 3 growing children (8, 6 and 3), plus the fact that my job is in the fashion industry, and as a self employed person I need to have the right sort of 'look' in order to get work (think along the lines of a self employed personal shopper - people need to see you looking good in order to book with you).

    The parental loan was for a house deposit. The parent in question has no idea about our debts. She is not desperate for the money back and isn't charging us interest, but has asked us to save £150-200 every month into a savings account and then once we've saved a decent sum to either repay them or 'reborrow' it for work on the house (basically they want us to be able to make repayments if they suddenly need the extra income, but meanwhile are happy for us to benefit from it. I am not saving the money while our debt payments are so high - we are hoping to have paid enough off that if the parent ever needs it that we can reborrow it and pay them back). This isn't great, but realistically I think the best solutions is to treat it as the lowest priority for snowballing - once we have paid back the other debts we will throw the entire £630+ at this debt.

    So, there is a freaking enormous shortfall every month, which is somewhat depressing. Most months it is covered by the fact that I earn more than my 'bare minimum', but it is those months where it isn't covered that the debt creeps up again, and I am a total disaster for going 'oh well, we've spent on the credit card, we might as well keep going' and buying more clothes or something for the house - this is probably a significant proportion of our debt problem.

    We have managed to get rid of the balance on the one credit card we were spending on, so the remaining ones are both on 0% deals (although one expires in September). I have not cut up the remaining credit card, because we don't have an emergency fund in case of eg boiler repairs, but it has not been used for all of a month, and I hope to keep it that way.

    A DMP or similar isn't really on my horizon right now - I feel like we should be able to make the cuts to make our budgets balance, and I am optimistic that as my income goes up (when I can work more as child 3 starts school) that we will be able to make overpayments.

    My plan for now is:
    1) Try to wiggle those budget numbers around enough that we don't have a shortfall any more.
    2) Make a plan for any months where I make extra - do I use it for an emergency fund, as a fund to cover future months' shortfalls, to throw money at the debt to try to reduce minimum payments in case of future 'shortfall' months?
    3) Try to make more money. Not quite sure how this will work as I am largely limited to working around DH's working hours (I work evenings and weekends and the 5hrs childcare per week we are paying for for child 3).

    Now that's all down in black and white I am feeling a combination of relieved (to be clear on the numbers) and immensely stressed (by the semi-regular £180+ shortfall).

    Onwards and downwards (for the debt, not me)!

    edited to add: the original £67,031.92 figure was based on the total figure for the Tesco loan, which included all interest payable over the entire term of the loan. I have updated the debt figure in my signature and in all posts going forward as at 4th June 2017 to reflect that actual current debt balance rather than the balance plus interest over the lifetime of the loan. This has knocked £7,911.62 off the debt figure, but means that each monthly payment will have the interest for that month deducted from it, so it won't affect the DFD if I don't make overpayments.
    Last edited by Treadingonplaymobil; 04-06-2017 at 2:58 PM.
Page 114
    • Chrystal
    • By Chrystal 9th Jan 18, 1:44 AM
    • 161 Posts
    • 1,177 Thanks
    Chrystal
    Great news TOPM!

    I think I'd also put the 'extra' money into the pots. If it gives you a feeling of security and takes some stress of your shoulders it's worth not paying it off the other loan.... I think you've got past the stage of dipping into it - Yes?

    Hope little one feels better tomorrow. X
    GC. Oct.17 = £261.18/ £300 = + £38.82 NSDs 20/31
    GC. Sept.17 = £354.89/£300 = - £54.39

    • Treadingonplaymobil
    • By Treadingonplaymobil 9th Jan 18, 6:32 AM
    • 1,147 Posts
    • 11,195 Thanks
    Treadingonplaymobil
    Week 48: day 3

    Gosh, I feel like such a weight has been taken off my mind this morning. Suddenly this debt repayment lark feels somewhat manageable, if still very long term.

    I know that strictly speaking the sensible thing to do is to clear the partnership with its higher interest rate, but I know that if I don't clear the Tesco loan then it will just be left to run at lower monthly payments for another six years because we will never organise ourselves to overpay (too easy to leave it, and you can't overpay online, which makes it even less likely to happen). And the mental win of clearing one debt (on paper) will really help our mindset too.

    Must get on, have a client this morning and am very unprepared!

    To do today
    1. Another laundry load or two, again.
    2. Finish tidying for client.
    3. Tidy away properly once client has been, instead of leaving bits out for days.
    4. Post office.
    5. Clear the little work jobs on my to do list.

    To do this week
    1. Raise prices for smaller business.
    2. Sort and tidy our room.
    3. Menu plan carefully and do as minimal a good shop as possible - we seem to have very full cupboards and freezer!
    4. Move all the money round to pay off Tesco loan, assuming it comes in as planned.
    5. Finish updating 2018 business plan.

    To do in January
    1. Review 2017 spending and try to improve 2018 plans by being more prepared - plan big spends like holidays and Christmas now and be realistic about the cost. Done with DH before doing SOA.
    2. Redo SOA once the remortgage is through. Done.
    3. Make a 2018 business plan that is less frenetic than originally (I think I had too high expectations of myself, leading to much stress in Nov/Dec). Made a good start on this.
    £67,031.92 is a frightening number indeed... The debt free diary of one family and their enormous debt
    LBM debt on 12th Feb 2017/DFD: £58,608.13/1st Dec 2026
    debt on 4th Jan 2018: £35,536.09/July 2026

    Mortgage = £193,995
    • Treadingonplaymobil
    • By Treadingonplaymobil 9th Jan 18, 8:27 PM
    • 1,147 Posts
    • 11,195 Thanks
    Treadingonplaymobil
    We are having a hilariously difficult time accessing our Tesco loan in order to pay it back. DH is on the case and hoping to get it sorted tonight.

    To do today
    1. Another laundry load or two, again. Done.
    2. Finish tidying for client. Done.
    3. Tidy away properly once client has been, instead of leaving bits out for days. Done!
    4. Post office. Done.
    5. Clear the little work jobs on my to do list. Work jobs done, I have my 'housewife' day tomorrow to get the house ones done.

    To do this week
    1. Raise prices for smaller business.
    2. Sort and tidy our room.
    3. Menu plan carefully and do as minimal a good shop as possible - we seem to have very full cupboards and freezer! Done, spent £30 and hoping that will get us through until next week.
    4. Move all the money round to pay off Tesco loan, assuming it comes in as planned.
    5. Finish updating 2018 business plan. Done, although it's a little vague until I have had a couple of months on my new work routine.

    To do in January
    1. Review 2017 spending and try to improve 2018 plans by being more prepared - plan big spends like holidays and Christmas now and be realistic about the cost. Done with DH before doing SOA.
    2. Redo SOA once the remortgage is through. Done.
    3. Make a 2018 business plan that is less frenetic than originally (I think I had too high expectations of myself, leading to much stress in Nov/Dec). Done.
    £67,031.92 is a frightening number indeed... The debt free diary of one family and their enormous debt
    LBM debt on 12th Feb 2017/DFD: £58,608.13/1st Dec 2026
    debt on 4th Jan 2018: £35,536.09/July 2026

    Mortgage = £193,995
    • Treadingonplaymobil
    • By Treadingonplaymobil 10th Jan 18, 6:37 AM
    • 1,147 Posts
    • 11,195 Thanks
    Treadingonplaymobil
    Week 48: Day 4

    Humph, annoying news this morning. DH had a long conversation with Tesco last night and the loan repayment is about £650 more than I thought it was. I suspect it’s my maths that is out, but we have held off paying it until this evening so I can comb bank statements, redo the maths and double check everything. Such a shame, as we’ll have to either not overpay the card or not get a month ahead on savings, but I suppose they were just extra bonuses anyway.

    In fractionally less depressing financial news, I redid my business account YNAB based on my new salary targets and it turns out that I have all of February’s expenses + salary ready to go, and £85 of March’s already (I need £185 for monthly costs plus £200 salary now each month). I am finally able to see a world in which I might be able to get a few months ahead with my business account again! I think it was May when I was last ahead.

    Today is my ‘housewife’ day, so I’ve got lots of domestic chores ahead, along with checking my loan maths.

    To do today
    1. More laundry.
    2. Clear the ironing.
    3. Tidy our room.
    4. Make another quiche for packed lunches.
    5. Order another insulated food container - warm packed lunches have been a big hit with DC1, going to try DC2 and 3 on them (DC2 only has packed lunch once a week, so can share with DC3).
    6. Order a new shower curtain. The glamour.
    7. Write a list of big dates/events for the year (birthdays/Christmas/holidays) and make a note of anything that needs to be organised, bought in advance, money allocation etc.
    8. Make chilli for dinner.
    9. Make some kind of dessert with the fruit in the freezer.

    To do this week
    1. Raise prices for smaller business.
    2. Sort and tidy our room.
    3. Menu plan carefully and do as minimal a good shop as possible - we seem to have very full cupboards and freezer! Done, spent £30 and hoping that will get us through until next week.
    4. Move all the money round to pay off Tesco loan, assuming it comes in as planned.
    5. Finish updating 2018 business plan. Done, although it's a little vague until I have had a couple of months on my new work routine.

    To do in January
    1. Review 2017 spending and try to improve 2018 plans by being more prepared - plan big spends like holidays and Christmas now and be realistic about the cost. Done with DH before doing SOA.
    2. Redo SOA once the remortgage is through. Done.
    3. Make a 2018 business plan that is less frenetic than originally (I think I had too high expectations of myself, leading to much stress in Nov/Dec). Done.
    Last edited by Treadingonplaymobil; 11-01-2018 at 6:35 AM.
    £67,031.92 is a frightening number indeed... The debt free diary of one family and their enormous debt
    LBM debt on 12th Feb 2017/DFD: £58,608.13/1st Dec 2026
    debt on 4th Jan 2018: £35,536.09/July 2026

    Mortgage = £193,995
    • JoJoC
    • By JoJoC 10th Jan 18, 9:47 AM
    • 1,321 Posts
    • 4,318 Thanks
    JoJoC
    How frustrating on the loan front TOP - hope you manage to get to the bottom of the discrepancy as that extra money going out would really play on your mind if you don't find out. Still, at least you have the £650 to 'spare'!

    Great news on getting ahead on your business expenses and salary - keep it up! I always think it's easier when you have some momentum behind you and you already have a month in the bag!
    CC1: £3804.52 / £3544.32 £300.20 paid | CC2:£5027.53 / £4781 £295 paid | Loan: £15,000 / £11,954 (£3,156 paid)

    July debt total: £23,832.05 | New debt total: £20,129 | Total debt paid: £3,703 (16%)
    *My debt busting and savings diary*
    • Treadingonplaymobil
    • By Treadingonplaymobil 11th Jan 18, 6:07 AM
    • 1,147 Posts
    • 11,195 Thanks
    Treadingonplaymobil
    Yesterday's lists...

    To do today
    1. More laundry. Done.
    2. Clear the ironing. Not done. Guess what I'm going to do right now...
    3. Tidy our room. Sort of done, not enough.
    4. Make another quiche for packed lunches. Not done.
    5. Order another insulated food container - warm packed lunches have been a big hit with DC1, going to try DC2 and 3 on them (DC2 only has packed lunch once a week, so can share with DC3). Done.
    6. Order a new shower curtain. The glamour. Done.
    7. Write a list of big dates/events for the year (birthdays/Christmas/holidays) and make a note of anything that needs to be organised, bought in advance, money allocation etc. Not done.
    8. Make chilli for dinner. Done.
    9. Make some kind of dessert with the fruit in the freezer. Not done, but DH whipped up a chocolate mousse thing.

    To do this week
    1. Raise prices for smaller business.
    2. Sort and tidy our room.
    3. Menu plan carefully and do as minimal a good shop as possible - we seem to have very full cupboards and freezer! Done, spent £30 and hoping that will get us through until next week.
    4. Move all the money round to pay off Tesco loan, assuming it comes in as planned. Done!
    5. Finish updating 2018 business plan. Done, although it's a little vague until I have had a couple of months on my new work routine.

    To do in January
    1. Review 2017 spending and try to improve 2018 plans by being more prepared - plan big spends like holidays and Christmas now and be realistic about the cost. Done with DH before doing SOA.
    2. Redo SOA once the remortgage is through. Done.
    3. Make a 2018 business plan that is less frenetic than originally (I think I had too high expectations of myself, leading to much stress in Nov/Dec). Done.
    Last edited by Treadingonplaymobil; 11-01-2018 at 6:35 AM.
    £67,031.92 is a frightening number indeed... The debt free diary of one family and their enormous debt
    LBM debt on 12th Feb 2017/DFD: £58,608.13/1st Dec 2026
    debt on 4th Jan 2018: £35,536.09/July 2026

    Mortgage = £193,995
    • Treadingonplaymobil
    • By Treadingonplaymobil 11th Jan 18, 6:18 AM
    • 1,147 Posts
    • 11,195 Thanks
    Treadingonplaymobil
    Week 48: Day 5

    Good morning! Tesco loan is PAID. Annoyingly the number was right (we were charged three months' interest for paying it, which accounted for the difference in figures), so there was £500 less spare leftover than I expected. I have chosen to boost our savings pots rather than overpay the Partnership card debt, as the constant robbing Peter to pay Paul situation in our savings was such a problem last year and resulted in extra debt accruing in the end. I know it doesn't make perfect financial sense as the Partnership interest is high, but I'm hoping that as my business account begins to look more healthy that I might be able to make some overpayments to it in the next month or so.

    The best bit is that we are almost at mid-January and our entire budget is still looking perfectly healthy - no food or fuel has been overspent, the entertainment kitty is still healthy. Maybe, 12 months into this process, I am finally getting to grips with it a bit. <awaits £500 car bill or similar catastrophe>.

    My housekeeping day yesterday wasn't quite as efficient as I'd hoped, but I did give myself a lot to do. I'm going to try to do the ironing now that didn't get done, among other things. Determined not to let housekeeping things interfere with my working time once the DCs are at school/preschool though, so anything that isn't done by 9am isn't getting done before this evening.

    To do today
    1. Clear the ironing.
    2. Finish contract work for the week.
    3. Get ahead on next week's contract work.
    4. Bake the sourdough that's been proving in the fridge overnight.
    5. Take DC1 to first session at new (cheaper) swimming club.
    6. Make a start on social media again - have been totally inactive on it for a month and it's showing in my business figures!
    7. Spend a little time on smaller business, raising prices etc.
    8. Create something for dinner out of leftovers/freezer food.

    To do this week
    1. Raise prices for smaller business.
    2. Sort and tidy our room.
    3. Menu plan carefully and do as minimal a good shop as possible - we seem to have very full cupboards and freezer! Done, spent £30 and hoping that will get us through until next week.
    4. Move all the money round to pay off Tesco loan, assuming it comes in as planned. Done!
    5. Finish updating 2018 business plan. Done, although it's a little vague until I have had a couple of months on my new work routine.

    To do in January
    1. Review 2017 spending and try to improve 2018 plans by being more prepared - plan big spends like holidays and Christmas now and be realistic about the cost. Done with DH before doing SOA.
    2. Redo SOA once the remortgage is through. Done.
    3. Make a 2018 business plan that is less frenetic than originally (I think I had too high expectations of myself, leading to much stress in Nov/Dec). Done.
    Last edited by Treadingonplaymobil; 11-01-2018 at 6:34 AM.
    £67,031.92 is a frightening number indeed... The debt free diary of one family and their enormous debt
    LBM debt on 12th Feb 2017/DFD: £58,608.13/1st Dec 2026
    debt on 4th Jan 2018: £35,536.09/July 2026

    Mortgage = £193,995
    • Treadingonplaymobil
    • By Treadingonplaymobil 11th Jan 18, 6:34 AM
    • 1,147 Posts
    • 11,195 Thanks
    Treadingonplaymobil
    Debt round up

    I know that we have simply shifted our consumer debt onto our mortgage, so I am going to keep a note of the mortgage in all future debt round ups, so I don't lose track of the fact that we still have a debt which will affect our freedom and ability to extend and pay off our mortgage if we don't stay focused.

    Unsecured debt:
    £2,899.25 Partnership card
    £12,636.84 Barclaycard
    £20,000 parental loan
    £35,536.09 total

    Secured debt:
    £193,995 Mortgage

    Soberingly, our DFD has only moved forwards by a few months with the Tesco loan removed, because our debt repayments have reduced so much, and that loan is essentially added to our mortgage. It's a good reminder that actually if we don't overpay somewhere, all we have done is extend our true DFD (ie our MFD) by several years. Doing the snowball calculator and working this out has really concentrated my mind to ensure we make some overpayments - we still have this extension to think about, and adding more debt without any overpaying going on will pretty well guarantee we are in debt at least until we retire, which is insane. Good reality check.

    Despite this, I am not going to increase my monthly income goals, as I also need to look after my mental health, but I am going to try to keep my head screwed on straight and keep working towards making some overpayments, even if they aren't very big.
    £67,031.92 is a frightening number indeed... The debt free diary of one family and their enormous debt
    LBM debt on 12th Feb 2017/DFD: £58,608.13/1st Dec 2026
    debt on 4th Jan 2018: £35,536.09/July 2026

    Mortgage = £193,995
    • Bigskies
    • By Bigskies 11th Jan 18, 11:32 AM
    • 66 Posts
    • 272 Thanks
    Bigskies
    I’ve just come back to the board after burying my head in the sand for six months owing to all sorts of rubbish. So pleased things are going well, well done for getting the remortgage, and sticking with this. Our debt is now waaay higher than yours, but you’ve inspired me to stick with it xx
    Jan 2018 £68k
    Percentage of total debt paid 0%
    2018 target £10k So far: £0
    Monthly target £833 January £0
    POAYDBX18 #124 0/10,000
    • JWPopps
    • By JWPopps 11th Jan 18, 6:21 PM
    • 288 Posts
    • 1,535 Thanks
    JWPopps
    Just popping by to say hello, and also a huge congratulations. You've worked so hard over the last year and it does seem to be beginning to pay off - even though I bet some days it doesn't feel like that to you!!
    Credit Card Debt: £0!!!
    Loan Debt: £6,052.36
    Savings: £200.00
    • Treadingonplaymobil
    • By Treadingonplaymobil 12th Jan 18, 5:59 AM
    • 1,147 Posts
    • 11,195 Thanks
    Treadingonplaymobil
    Week 48: Day 6

    Not feeling wildly on top of things this morning - DH is away with work this week, and everything but essentials always goes to pot when he's not here. Just keeping the DCs alive, fed and at school/clubs on time is enough for me on those days!

    Not a lot to achieve today, it's my day with DC3 and I have a couple of house errands to run.

    DC1 really enjoyed the new (cheaper) swimming club yesterday, so that's definitely a goer for him.

    To do today
    1. Attempt to do some laundry/ironing.
    2. Do a social media post or two.
    3. Plan weekend work
    4. Go freezer diving for dinner - I think there are a couple of chicken breasts left over from a festive meal that didn't happen, so I am contemplating some kind of chicken goujon and chips/peas type meal - the DCs will think it's a huge treat after a week or more of veg soups, veg chilli and dal and rice.
    5. Pick up click and collect order of mattress protector.
    6. Attempt to keep the house in some kind of sensible order so it's not a total bombsite when DH gets home late tonight.

    To do this week
    1. Raise prices for smaller business.
    2. Sort and tidy our room.
    3. Menu plan carefully and do as minimal a good shop as possible - we seem to have very full cupboards and freezer! Done, spent £30 and hoping that will get us through until next week.
    4. Move all the money round to pay off Tesco loan, assuming it comes in as planned. Done!
    5. Finish updating 2018 business plan. Done, although it's a little vague until I have had a couple of months on my new work routine.

    To do in January
    1. Review 2017 spending and try to improve 2018 plans by being more prepared - plan big spends like holidays and Christmas now and be realistic about the cost. Done with DH before doing SOA.
    2. Redo SOA once the remortgage is through. Done.
    3. Make a 2018 business plan that is less frenetic than originally (I think I had too high expectations of myself, leading to much stress in Nov/Dec). Done.
    £67,031.92 is a frightening number indeed... The debt free diary of one family and their enormous debt
    LBM debt on 12th Feb 2017/DFD: £58,608.13/1st Dec 2026
    debt on 4th Jan 2018: £35,536.09/July 2026

    Mortgage = £193,995
    • try harder
    • By try harder 12th Jan 18, 6:10 AM
    • 591 Posts
    • 2,103 Thanks
    try harder
    What a great job you are doing ..keep at it
    • Treadingonplaymobil
    • By Treadingonplaymobil 13th Jan 18, 8:16 AM
    • 1,147 Posts
    • 11,195 Thanks
    Treadingonplaymobil
    Yesterday's lists, before I start today...

    To do today (yesterday)
    1. Attempt to do some laundry/ironing. Tiny bit done.
    2. Do a social media post or two. Not done.
    3. Plan weekend work. Done.
    4. Go freezer diving for dinner - I think there are a couple of chicken breasts left over from a festive meal that didn't happen, so I am contemplating some kind of chicken goujon and chips/peas type meal - the DCs will think it's a huge treat after a week or more of veg soups, veg chilli and dal and rice. Done, was a big hit, and two chicken breasts fed four of us (and would have fed five if we hadn't pigged out and DH was here!). A good one to remember.
    5. Pick up click and collect order of mattress protector. Done.
    6. Attempt to keep the house in some kind of sensible order so it's not a total bombsite when DH gets home late tonight. Not remotely achieved in any way. Poor DH.

    To do this week
    1. Raise prices for smaller business.
    2. Sort and tidy our room.
    3. Menu plan carefully and do as minimal a good shop as possible - we seem to have very full cupboards and freezer! Done, spent £30 and hoping that will get us through until next week.
    4. Move all the money round to pay off Tesco loan, assuming it comes in as planned. Done!
    5. Finish updating 2018 business plan. Done, although it's a little vague until I have had a couple of months on my new work routine.

    To do in January
    1. Review 2017 spending and try to improve 2018 plans by being more prepared - plan big spends like holidays and Christmas now and be realistic about the cost. Done with DH before doing SOA.
    2. Redo SOA once the remortgage is through. Done.
    3. Make a 2018 business plan that is less frenetic than originally (I think I had too high expectations of myself, leading to much stress in Nov/Dec). Done.
    Last edited by Treadingonplaymobil; 13-01-2018 at 8:34 AM.
    £67,031.92 is a frightening number indeed... The debt free diary of one family and their enormous debt
    LBM debt on 12th Feb 2017/DFD: £58,608.13/1st Dec 2026
    debt on 4th Jan 2018: £35,536.09/July 2026

    Mortgage = £193,995
    • Treadingonplaymobil
    • By Treadingonplaymobil 13th Jan 18, 8:32 AM
    • 1,147 Posts
    • 11,195 Thanks
    Treadingonplaymobil
    Week 48: Day 7

    Morning! A working weekend for me, but no clients so am quite looking forward to a slow and steady bit of admin work and getting back on top of everything.

    The budgets continue to just about balance, and I'm hoping for another cheap food shop for next week, as off the top of my head I know we have frozen macaroni cheese, split pea curry, roast tomato pasta sauce, black bean chilli and a packet of prawns in the freezer, so that's the bulk of at least five meals sorted. Need to do a menu plan and dispatch DH to the shop today or tomorrow.

    To do today
    1. Work on smaller business, putting up prices and revamping a bit.
    2. Do a social media post or two.
    3. Laundry/ironing - if I clear what's there I might actually get a day off from laundry tomorrow!
    4. Menu plan/shopping list for DH.
    5. Clear admin work.
    6. Invoice for a talk I'm doing next month - very local and no supplies needed, so will be £150 of pure profit, which is nice.

    To do this week
    1. Raise prices for smaller business.
    2. Sort and tidy our room.
    3. Menu plan carefully and do as minimal a good shop as possible - we seem to have very full cupboards and freezer! Done, spent £30 and hoping that will get us through until next week.
    4. Move all the money round to pay off Tesco loan, assuming it comes in as planned. Done!
    5. Finish updating 2018 business plan. Done, although it's a little vague until I have had a couple of months on my new work routine.

    To do in January
    1. Review 2017 spending and try to improve 2018 plans by being more prepared - plan big spends like holidays and Christmas now and be realistic about the cost. Done with DH before doing SOA.
    2. Redo SOA once the remortgage is through. Done.
    3. Make a 2018 business plan that is less frenetic than originally (I think I had too high expectations of myself, leading to much stress in Nov/Dec). Done.
    £67,031.92 is a frightening number indeed... The debt free diary of one family and their enormous debt
    LBM debt on 12th Feb 2017/DFD: £58,608.13/1st Dec 2026
    debt on 4th Jan 2018: £35,536.09/July 2026

    Mortgage = £193,995
    • Treadingonplaymobil
    • By Treadingonplaymobil 13th Jan 18, 10:34 AM
    • 1,147 Posts
    • 11,195 Thanks
    Treadingonplaymobil
    Urgh, it doesn't take bad habits long to slip back! Just did a mysupermarket list for the food shopping and it was over £100. Was full of nice things like avocados, seeds, maple syrup etc that we've been having over Christmas. Managed to knock £35 off it just by eliminating all the fun stuff. A bit depressing, but at least I did it.
    £67,031.92 is a frightening number indeed... The debt free diary of one family and their enormous debt
    LBM debt on 12th Feb 2017/DFD: £58,608.13/1st Dec 2026
    debt on 4th Jan 2018: £35,536.09/July 2026

    Mortgage = £193,995
    • Cherryfudge
    • By Cherryfudge 13th Jan 18, 11:17 AM
    • 1,077 Posts
    • 5,150 Thanks
    Cherryfudge
    I found a range of seeds (can't remember which) in L!dl... they are worth a look if you can get to one. I have to be kept away from the nuts there as they always seem to have lots and they are sooo tempting! Not sure if they would do avocados, and I think there's been a conversation on here some while ago about frozen avocados (in Mr T?) but their fruit and veg range is pretty good.

    Just had a quick look in my cupboards and found a super seed mix (which actually I'm not that keen on as it's a milled mix) containing golden linseed, hemp and chia, also chia seeds, and a pack of linseed with sesame, blueberries and raspberries - all these were from either L!dl or Ald!. So there may be cheaper ways of getting some seeds back in your diet.

    Well done on cropping the virtual spend... not easy but that's £35 that's still yours to allocate elsewhere.
    Last edited by Cherryfudge; 13-01-2018 at 11:18 AM. Reason: typo
    • Suffolk lass
    • By Suffolk lass 13th Jan 18, 1:53 PM
    • 1,642 Posts
    • 18,473 Thanks
    Suffolk lass
    Urgh, it doesn't take bad habits long to slip back! Just did a mysupermarket list for the food shopping and it was over £100. Was full of nice things like avocados, seeds, maple syrup etc that we've been having over Christmas. Managed to knock £35 off it just by eliminating all the fun stuff. A bit depressing, but at least I did it.
    Originally posted by Treadingonplaymobil
    Just imagine if you were not a list-maker - that has been my newly-developed habit since before Christmas. Very naughty. And the receipts are still lurking on my desk as I am "just too busy" to do the reconciliation properly. Head, sand, ostrich, moi?
    MFiT T4 #2 update 42.67% after Q7 £5,465 behind where I should be
    Save £12k in 2018 #53 - my annual target is £10,000
    OS Grocery Challenge 2018 budget of £3,500 including stores
    My DFD is http://forums.moneysavingexpert.com/showthread.php?t=5593594
    • Honeysucklelou2
    • By Honeysucklelou2 13th Jan 18, 10:43 PM
    • 592 Posts
    • 2,306 Thanks
    Honeysucklelou2
    Well done for reducing the shopping by £35.
    paydbx #93 £155/£8,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • Treadingonplaymobil
    • By Treadingonplaymobil 15th Jan 18, 6:19 AM
    • 1,147 Posts
    • 11,195 Thanks
    Treadingonplaymobil
    Week 49: Day 2

    Wow, another week closer to a full year at this debt busting business. Almost there! Still a lot of years left to go.

    I had the WORST nightís sleep last night and am barely functioning, so apologies for any typos. Two of the DC were up, one for ages with cramp, DH was snoring because he is ill, one of our phones or a watch started beeping an alarm at 1am (need to track that down today and turn it off), and I had two really horribly nightmares, one about losing one the of the DC. Was quite relieved to get out of bed and stop trying to sleep, although I feel like death warmed up.

    I have my housekeeping day today, and as with last week the list is longer than on my work days! Although I have a busy work week too - clients tomorrow and wed, then training (unpaid) on Thursday, and a possible client booking on Sat. I donít like having so much client facing time, but Jan is often my best month of the year so I am trying to keep powering through on the basis Iíll be sorry when it dries up in a month or so.

    To do today
    1. Clear the laundry/ironing (only only load and a bit of hand washing to do, for once).
    2. Change our sheets (oh, which will add to the laundry. Yay).
    3. Menu plan for next week - I keep having to do this on the weekend when I am working, so am getting ahead.
    4. Attack the mending pile - a couple of pairs of school trousers, a sleeping bag, a duvet cover and some hanging loops on towels. Been meaning to do them forever.
    5. Clean our room.
    6. Prep the house for clients coming tomorrow.
    7. Make another quiche or something for packed lunches.
    8. Make a mincemeat cake to use up the mincemeat left from Christmas.

    To do this week
    1. Sort and tidy our room.
    2. Plan a workshop I have to deliver in Feb.
    3. Plan any handmade gifts for birthdays/Christmas 2018 so I can ensure they are done well in advance.
    4. Organise food so the menu plan is stuck to while Iím away on Weds night.

    To do in January
    1. Review 2017 spending and try to improve 2018 plans by being more prepared - plan big spends like holidays and Christmas now and be realistic about the cost. Done with DH before doing SOA.
    2. Redo SOA once the remortgage is through. Done.
    3. Make a 2018 business plan that is less frenetic than originally (I think I had too high expectations of myself, leading to much stress in Nov/Dec). Done.
    £67,031.92 is a frightening number indeed... The debt free diary of one family and their enormous debt
    LBM debt on 12th Feb 2017/DFD: £58,608.13/1st Dec 2026
    debt on 4th Jan 2018: £35,536.09/July 2026

    Mortgage = £193,995
    • DawnW
    • By DawnW 15th Jan 18, 7:21 AM
    • 4,744 Posts
    • 36,615 Thanks
    DawnW
    Sorry you had a rotten night Try to rationalise your list and get a couple of hours rest. Otherwise it will feel as though you are chasing your tail for the entire week.
    NSDs for January 5 /18
    Decluttering 24 /31

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