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  • FIRST POST
    • Treadingonplaymobil
    • By Treadingonplaymobil 12th Feb 17, 9:56 AM
    • 1,014Posts
    • 9,425Thanks
    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 58
    • Cherryfudge
    • By Cherryfudge 17th Jul 17, 11:28 AM
    • 752 Posts
    • 2,579 Thanks
    Cherryfudge
    4. Order cat scarer thing for front lawn from amazon, and throw in a washing up bowl while I'm on Amazon (have literally not placed an amazon order since I started this hunt, and they have lots of WUBs as add on items). Done. A WASHING UP BOWL IS HEADING TO TOPM HQ PEOPLE.
    Originally posted by Treadingonplaymobil
    I know I wasn't going to comment again but... I am totally baffled as to whether to yell 'Yeeesss!' or 'Nooooo!' How will I recognise your posts now?
    • Suffolk lass
    • By Suffolk lass 17th Jul 17, 9:32 PM
    • 1,532 Posts
    • 17,366 Thanks
    Suffolk lass
    Yes, you really are adopting new and changed habits which really is a good thing.

    I also bake my own bread - because I don't think we understand fully the impact of "flour improvers" - those things that mass production adds to stop the steamed bread from going mouldy and stale. I read Doris Grant's book called "Your Daily Bread" written in the 1940s/50s and it was a revelation. It was in a Scottish House we rented for Easter a few years ago and it's a real collectors book - a sort of Jamie Oliver style of campaigner in her day
    MFiT T4 #2 update 31.2% after Q6
    Save £12k in 2017 #64 - £8833.96 saved (80.31%) after September - my annual target is £11,000
    OS Grocery Challenge 2017 budget of £3,600 £3000 (reduced from Apr) - 70.68/75% including stores after July
    My DFD is http://forums.moneysavingexpert.com/showthread.php?t=5593594
    • Treadingonplaymobil
    • By Treadingonplaymobil 18th Jul 17, 5:03 AM
    • 1,014 Posts
    • 9,425 Thanks
    Treadingonplaymobil
    Week 23: Day 3


    Yawn. Tired this morning. And just slid down the stairs while half asleep, which is no way to start the day!

    Cherry I knew you would appreciate the importance of the arrival of the WUB!

    Meant to be having two play dates for DC3 today - one in the morning and one in the afternoon (trying to see her friends before they both head off for the summer on long trips), and am slightly dreading it. So much to get done, still haven't put all the camping gear away from the weekend. One friend did send a message yesterday to say her DC was slightly under the weather, and I'm half hoping she will cancel and give me a bit of free time where I can park DC3 in front of the tv for an hour and tidy up.

    Had a v cheap food shop yesterday - only £60ish and I think I've have leftovers next week as MIL is bringing food with her too - but spotted big 13-piece tupperware sets in Aldi for only £10 each, so bought two for Lego storage as discussed the other day. Miles cheaper than the sets I was looking at on Amazon, and because they are for Lego it doesn't matter if the lid seal isn't amazing. We do actually need some packed lunch tupperware too, so I might snaffle a couple for that too and see what the seal is like. Will take the tupperware coat from the entertainment kitty, which will leave us with about 8p for the rest of the month, but I think it was worth leaping on the cheap tupperware while it was there. Most unlike me to go for the budget (and less beautiful) option, but my desire to organise the Lego hoard is greater than my desire to organise it prettily.

    Must update my savings pots in YNAB to break down christmas and birthday savings further - it's been working really well with saving for upcoming work expenses and DC1's bike, stops me dipping into the pots so willingly when it's taking from something specific rather than generic 'savings', and I'm much more inclined to add the odd pound here and there when I can when I can visualise it going towards something tangible.

    to do today
    1. unpack and put away camping gear.
    2. laundry
    3. Ironing mountain
    4. Bake flapjacks for school snacks
    5. Bake biscuits for play date
    6. Tidy up a bit before MIL arrives.
    7. Make quiche for dinner - have foolishly menu planned a 'portable' dinner as Tuesdays usually involve dinner on the go, but have realised there is no swimming so I didn't need to. Silly me.
    8. Update savings pots in YNAB.

    to do this week
    1. survive MIL visiting.
    2. continue with cleaning the house thoroughly one room at a time.
    3. charity shop run with decluttered stuff that is currently (ironically) cluttering up the hallway.
    4. plan out the first couple of weeks of activities for the summer holidays.

    Aims for July
    1. Pay some extra off the MBNA card - I'd like this card gone asap. Well, a whopping £15 paid on top of the minimum payment so far, hoping to make another payment before end of month.
    2. Pay for camping holiday commitments out of self employed income rather than adding to debt. So far so good, but there is one more camping trip to cover in August.
    3. Stick to the budget even more closely than in June!
    £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 2nd Aug 17/DFD: £55,011.96/1st May 2025
    • warby68
    • By warby68 18th Jul 17, 5:56 AM
    • 823 Posts
    • 8,870 Thanks
    warby68
    Good luck

    I too had to buy some 'storage' yesterday - DS1 & DS2 appear to have brought home the entire library & stationery cupboard at the end of the school year. I have giant lever arch files so went for half price Really Useful tubs from Amazon. Have to say storage tubs always seem overpriced to me and also the most tedious of things to have to buy.

    You sound like you have your mojo back a bit. Keep tracking your spends, get the budget realistic for long term -recognize that zero spend on 'things' in a month is probably unlikely and make a pot.

    I agree that 'Millie's Christmas stocking money' will be much harder to dip into than just generic 'Christmas' which, after all, is still months away when you're re-educating your very emotional spending habits. Whatever works girl

    Good luck with MIL - hope she provides a few treats!
    • Hiddenidenity
    • By Hiddenidenity 18th Jul 17, 7:55 AM
    • 5,069 Posts
    • 23,321 Thanks
    Hiddenidenity
    I actually love sorting lego I could (do) sit for hours sorting my twos

    Have a lovely day
    DFW £1388.71/£7348.71 Rent Arrears £511.28/£3381.28

    Rock bottom became the solid foundation on which I rebuilt my life.
    • Treadingonplaymobil
    • By Treadingonplaymobil 18th Jul 17, 11:08 AM
    • 1,014 Posts
    • 9,425 Thanks
    Treadingonplaymobil
    I actually love sorting lego I could (do) sit for hours sorting my twos

    Have a lovely day
    Originally posted by Hiddenidenity
    Oh gosh, me too! I am actually quite bitter that I haven't got time to do it today

    Good luck

    I too had to buy some 'storage' yesterday - DS1 & DS2 appear to have brought home the entire library & stationery cupboard at the end of the school year. I have giant lever arch files so went for half price Really Useful tubs from Amazon. Have to say storage tubs always seem overpriced to me and also the most tedious of things to have to buy.

    You sound like you have your mojo back a bit. Keep tracking your spends, get the budget realistic for long term -recognize that zero spend on 'things' in a month is probably unlikely and make a pot.

    I agree that 'Millie's Christmas stocking money' will be much harder to dip into than just generic 'Christmas' which, after all, is still months away when you're re-educating your very emotional spending habits. Whatever works girl

    Good luck with MIL - hope she provides a few treats!
    Originally posted by warby68
    I too am always shocked by the price of storage tubs - I've seen ones that cost £30 each! I resent buying £5 Wilko ones.
    £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 2nd Aug 17/DFD: £55,011.96/1st May 2025
    • Kantankrus Mare
    • By Kantankrus Mare 18th Jul 17, 11:41 AM
    • 4,842 Posts
    • 11,208 Thanks
    Kantankrus Mare
    Well done on your cheapo lego storage...........Im impressed!!
    Make £10 a day challenge Jan/£215.84/ Feb £146.45/ Mar £192.55/Apr £171.20/ May £156.40/june £95.55/ Jul £383.85/Aug £211.60/Sep £282.35/Oct £82.14
    Walk 2000 miles in 2017....1452.69 miles
    • GeorgianaCavendish
    • By GeorgianaCavendish 18th Jul 17, 11:56 AM
    • 513 Posts
    • 2,350 Thanks
    GeorgianaCavendish
    Sounds like a bargain in Aldi

    We've got a couple of giant Lego head storage tubs (a girl and a boy one) for things like phone chargers, USB sticks, travel adaptors ... they were massively discounted in TK Maxx last January, I think we paid £15 for the 2. I've just seen that they are £35 each on Amazon That has totally changed my perception of how expensive Lego storage can be!
    Georgiana, Duchess of Debt-shire's July 2017 Debt Totals: HSBC Loan £11,362.14 / MBNA £3318.34 / Barclaycard £6360.70 / Lloyds £3560 / Tesco £972.50/ Dreams £259

    And don't forget the Student Loan! £10,765.93 (April 2017)
    • Hiddenidenity
    • By Hiddenidenity 18th Jul 17, 12:20 PM
    • 5,069 Posts
    • 23,321 Thanks
    Hiddenidenity
    Sounds like a bargain in Aldi

    We've got a couple of giant Lego head storage tubs (a girl and a boy one) for things like phone chargers, USB sticks, travel adaptors ... they were massively discounted in TK Maxx last January, I think we paid £15 for the 2. I've just seen that they are £35 each on Amazon That has totally changed my perception of how expensive Lego storage can be!
    Originally posted by GeorgianaCavendish
    Our lego storage is recycled ice cream/butter tubs and similar (decorated by the smalls) all inside a huge plastic storage box with lid (£2 from W!lkos) I always mean to buy tupperware or similar then think I can't justify spending when what they have works just as well
    DFW £1388.71/£7348.71 Rent Arrears £511.28/£3381.28

    Rock bottom became the solid foundation on which I rebuilt my life.
    • JoJoC
    • By JoJoC 18th Jul 17, 1:15 PM
    • 1,234 Posts
    • 3,931 Thanks
    JoJoC
    I feel like I should get ahead of the curve here and start preparing lego storage for when our lego gets out of hand. My son is only 4 but is great at lego - all his creations are sets and currently displayed on shelves in our living room but that's not sustainable! And I'd hate to get the sets messed up...shudder.

    GC - those lego heads are so expensive! I always keep an eye on the price but am loathe to spend that kind of money on something that's not even a toy. They'll get no joy out of that and for that price I'm not sure it's worth it.

    They're so cute though
    CC1: £3804.52 / £3704.32 £100.20 paid | CC2:£5027.53 / £4927.48 £100.05 paid | Loan: £15,000 / £13,932.24 (£1067.76 paid)

    July debt total: £23,832.05 | New debt total: £22,564.04 | Total debt paid: £1,268.01 (5.3%)
    *My debt busting and savings diary*
    • Treadingonplaymobil
    • By Treadingonplaymobil 18th Jul 17, 5:35 PM
    • 1,014 Posts
    • 9,425 Thanks
    Treadingonplaymobil
    I feel like I should get ahead of the curve here and start preparing lego storage for when our lego gets out of hand. My son is only 4 but is great at lego - all his creations are sets and currently displayed on shelves in our living room but that's not sustainable! And I'd hate to get the sets messed up...shudder.

    GC - those lego heads are so expensive! I always keep an eye on the price but am loathe to spend that kind of money on something that's not even a toy. They'll get no joy out of that and for that price I'm not sure it's worth it.

    They're so cute though
    Originally posted by JoJoC
    Our lego used to be like that, and I was similarly obsessive about not mixing sets. Then the lego sets multiplied. And multiplied. And multiplied. The whole lot is in one enormous laundry basket at the minute, far too much to play with and not easy to access. We will get rid of perhaps 2/3 of it when we move it into tupperwares - they currently play with the odd tupperware-full that I pull out far more than they play with the whole laundry basket full.
    £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 2nd Aug 17/DFD: £55,011.96/1st May 2025
    • Treadingonplaymobil
    • By Treadingonplaymobil 19th Jul 17, 5:06 AM
    • 1,014 Posts
    • 9,425 Thanks
    Treadingonplaymobil
    Yesterday's list, before I start on today's...

    to do today
    1. unpack and put away camping gear. Mostly done, last bits need putting away today.
    2. laundry. Done. Then rained on! Will need to spin it again and hang back out.
    3. Ironing mountain . Done!
    4. Bake flapjacks for school snacks. Done.
    5. Bake biscuits for play date. Play date cancelled, so didn't have to.
    6. Tidy up a bit before MIL arrives. Done.
    7. Make quiche for dinner - have foolishly menu planned a 'portable' dinner as Tuesdays usually involve dinner on the go, but have realised there is no swimming so I didn't need to. Silly me. Didn't need to do this as MIL brought dinner, hurrah!
    8. Update savings pots in YNAB. Not done.

    to do this week
    1. survive MIL visiting.
    2. continue with cleaning the house thoroughly one room at a time.
    3. charity shop run with decluttered stuff that is currently (ironically) cluttering up the hallway.
    4. plan out the first couple of weeks of activities for the summer holidays.

    Aims for July
    1. Pay some extra off the MBNA card - I'd like this card gone asap. Well, a whopping £15 paid on top of the minimum payment so far, hoping to make another payment before end of month.
    2. Pay for camping holiday commitments out of self employed income rather than adding to debt. So far so good, but there is one more camping trip to cover in August.
    3. Stick to the budget even more closely than in June!
    £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 2nd Aug 17/DFD: £55,011.96/1st May 2025
    • Treadingonplaymobil
    • By Treadingonplaymobil 19th Jul 17, 5:15 AM
    • 1,014 Posts
    • 9,425 Thanks
    Treadingonplaymobil
    Week 23: Day 4

    Budget is pushed to the limits as of yesterday - filling up the car and going food shopping on Monday, and DH taking the DC to a chippy for lunch while camping has basically used up the last of the food/fuel/entertainment kitties, so we're more or less running on fumes until the end of the month. If we can limp along with something left in the savings pots it will be a first though, as they have ended up more or less drained every single month since we started, so the fact that there is still £200+ in there means we are doing better than usual. Just keep limping along!

    Having a couple of quiet months on the main business front has really made me realise how much I was relying on the big 'bonus' income from that business (ie over and above the usual minimum) to keep the budgets ticking over - it's been infinitely more challenging (obviously) in June and July without that £200-600 extra coming in, but it's been a good learning curve. Hopefully it will pick back up in September and I can use my newfound skills to throw some extra at the debt.

    Had an interesting conversation with MIL last night about BIL and SIL. I had always assumed they had significantly more disposable income than us, based entirely on the fact that they do a much nicer food shop than we do - they always have nice yoghurts, fruit, snacks etc, eat lots more meat, and it's all from Sainsburys - and they go holiday a couple of times a year. She said that they are just constantly adding to their credit card debt though, and consider us the rich ones as I spend on clothes and our house is nicely done (theirs is worth much more, and much bigger, but it's tattier, and scruffy inside too.), and their holidays are very much about trying to give their kids comparable experiences to their friends so they don't feel left out (their DC go to private school and are very aware that they have friends with much more than they have). It's interesting how one's perception can be so different to the reality - I would have expected them to be CC-free, as I consider them fairly 'sensible'.

    to do today
    1. unpack and put away last bits of camping gear.
    2. spin and re-hang all the laundry that got thunderstormed on.
    3. gel manicure (still loving the lamp!).
    4. Bake sourdough.
    5. Make pudding for family meeting (once a week, usually a Thursday but neither DH or I will be here and it seems mean to leave MIL to do it!).
    6. Update savings pots in YNAB to be more specific.
    7. Pack orders for smaller business.
    8. Sort the lego into tupperwares (I am unnaturally excited about this).
    9. Pick another room to tidy and declutter.

    to do this week
    1. survive MIL visiting.
    2. continue with cleaning the house thoroughly one room at a time.
    3. charity shop run with decluttered stuff that is currently (ironically) cluttering up the hallway.
    4. plan out the first couple of weeks of activities for the summer holidays.

    Aims for July
    1. Pay some extra off the MBNA card - I'd like this card gone asap. Well, a whopping £15 paid on top of the minimum payment so far, hoping to make another payment before end of month.
    2. Pay for camping holiday commitments out of self employed income rather than adding to debt. So far so good, but there is one more camping trip to cover in August.
    3. Stick to the budget even more closely than in June!
    Last edited by Treadingonplaymobil; 19-07-2017 at 5:20 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 2nd Aug 17/DFD: £55,011.96/1st May 2025
    • warby68
    • By warby68 19th Jul 17, 5:44 AM
    • 823 Posts
    • 8,870 Thanks
    warby68
    Our lego used to be like that, and I was similarly obsessive about not mixing sets. Then the lego sets multiplied. And multiplied. And multiplied. The whole lot is in one enormous laundry basket at the minute, far too much to play with and not easy to access. We will get rid of perhaps 2/3 of it when we move it into tupperwares - they currently play with the odd tupperware-full that I pull out far more than they play with the whole laundry basket full.
    Originally posted by Treadingonplaymobil
    Don't forget you can sell used Lego - even if you can't face Ebay and the like, at least one of the sell your games/dvd merchants buys it by weight (can't remember which at the moment)
    • PurpleFairy26
    • By PurpleFairy26 19th Jul 17, 6:51 AM
    • 1,893 Posts
    • 12,696 Thanks
    PurpleFairy26
    We have colour coordinated tubs for Lego, I.e. One for white, one for pinks, purples etc... ours to became unmanageable to keep in sets and there is definitely something most satisfying about sorting it all away we also have a drawer for all the books so we can still build the sets, they just take longer as you have to source the pieces

    Well done for achieving lots and lots and lots whilst still not increasing you debt and paying it down. Purps.
    • Purplemumof2
    • By Purplemumof2 19th Jul 17, 8:28 AM
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    Purplemumof2
    We have colour coordinated tubs for Lego, I.e. One for white, one for pinks, purples etc... ours to became unmanageable to keep in sets and there is definitely something most satisfying about sorting it all away
    Originally posted by PurpleFairy26
    I definitely do not have the inclination to do that My two's boxes are mixed up and overflowing any time I find the odd bit, it either gets hoovered or binned
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
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    • enthusiasticsaver
    • By enthusiasticsaver 19th Jul 17, 9:03 AM
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    enthusiasticsaver
    Very often lifestyles are supported by credit cards (as yours was until recently) but it is an illusion built on a pile of sand. All it takes is one thing to bring the whole lot down. Private school fees are horrendously expensive so maybe BIL and SIL are prioritising that and their holidays rather than general living expenses and house maintenance. At some point it will get to an unsustainable level though.

    At least you can say you now have a grip on your finances.
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    • enthusiasticsaver
    • By enthusiasticsaver 19th Jul 17, 9:18 AM
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    enthusiasticsaver
    We have 3 massive plastic stacker boxes for lego, duplo and lego technik. All sets are mixed up but they get good use. The lego was partly from when my husband was a child (50 years ago) and part from when our girls were children (25 years ago). The duplo is now on its third generation with my 2 year old granddaughter using it. Still looks almost new but we have added new sets to it.
    Countdown to early retirement on 21.12.17 2 months to go.
    • XSpender
    • By XSpender 19th Jul 17, 9:25 AM
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    XSpender
    You are doing so well on keeping your savings pots funded, mine never last the month out

    I have pinched the idea of splitting your food spends in to weekly amounts on YNAB and it is giving me greater clarity around our spending. This is our biggest problem area.

    I'm also pinching the idea of a separate pot for each person for Christmas on YNAB instead of one 'Christmas' pot.
    EF £1000 - £0
    • JoJoC
    • By JoJoC 19th Jul 17, 9:28 AM
    • 1,234 Posts
    • 3,931 Thanks
    JoJoC
    We have 3 massive plastic stacker boxes for lego, duplo and lego technik. All sets are mixed up but they get good use. The lego was partly from when my husband was a child (50 years ago) and part from when our girls were children (25 years ago). The duplo is now on its third generation with my 2 year old granddaughter using it. Still looks almost new but we have added new sets to it.
    Originally posted by enthusiasticsaver
    That's so sweet that it's being passed down the generations. My dad brought his old Lego out a few months ago for my four year old to play with. It's approximately 50 years old and is still functioning and engaging enough for my son to be delighted with. Lego certainly isn't a fad!
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    July debt total: £23,832.05 | New debt total: £22,564.04 | Total debt paid: £1,268.01 (5.3%)
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