Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • dottydebts
    • By dottydebts 23rd Feb 17, 6:09 PM
    • 61Posts
    • 162Thanks
    New Year, New Diary
    • #1
    • 23rd Feb 17, 6:09 PM
    New Year, New Diary 23rd Feb 17 at 6:09 PM
    After a fun filled year which started with fantastic MSE intentions, I am sad to say that my money saving and debt paying seems to have gone in the completely wrong direction.

    - I am now about £2000 more in debt than I was this time last year
    - I have an additional credit card and car loan
    - My overdraft (which was interest free) is now charging me money every month

    - I am now a married woman! And it was the best day of my life, and completely worth the ridiculous amount of money it cost. I am very thankful to my mum, who paid for the majority of it, because without her we would definitely owe a lot more money right now
    - I can drive and have a car to call my own
    - I have a plan to sort all of this out.

    After spending too many hours adjusting and updating my spreadsheet over the past couple of days, I now feel like I have a bit more of an idea of how to tackle my seemingly ever-growing debt. It currently looks something like this:

    Argos Card - £755.08 - pay £135 pm - cleared August 2017
    Natwest CC - £402.54 - pay £65 pm - cleared by August 2017
    MBNA CC - £1382.57 - pay £100 pm - cleared by November 2017
    Overdraft - £1480 - pay £20 pm until CCs cleared - cleared by April 2018

    Additionally, I should be able to save £200 pm to pay for our honeymoon without relying on the CCs and also to start building up an emergency fund, which was completely wiped out by the wedding.

    Debt free things to do every day:
    - Start shopping at Aldi - now I can drive I have no reason to carry on shopping from the 'big' supermarkets, and now I can park a little bit better, I have no reason to be scared of the small, always busy car park.
    - Keep track of every penny spent on my spreadsheet, so I can see where I am coming in under and over budget each month. I have bought some small plastic wallets and plan to start using cash to help keep on top of this!
    - Stop buying unnecessary snacks and fizzy drinks on the way to work. I don't need them. I just need to stop.

    So, there it is. My mess and my plan to fix it. I hope to use this diary to keep myself accountable and also to read back on to remind myself to never get into this state again. That £300 pm could be used in much better ways than paying people money I owe them.
    18.02.17 - £4,040.19 18.03.17 - £3686.19
    18.04.17 - TBA

Page 3
    • motivated
    • By motivated 19th Mar 17, 5:57 PM
    • 384 Posts
    • 789 Thanks
    It has officially been one month since I started my journey I have paid off a grand total of £354!
    Originally posted by dottydebts
    You are doing amazingly well dotty. Keep going
    I have arrived in DMP Land and I like it. I may stay a while
    April 2017 £82,500 - DFD July 2024
    • dottydebts
    • By dottydebts 20th Mar 17, 6:32 PM
    • 61 Posts
    • 162 Thanks
    NSD today! I should feel happier about this, but work has put me in a bad mood. I hate letting something that happened at work ruin my evening, but it really has today.

    Doesn't help that I have seem to have had an ongoing cold since the beginning of autumn and my entire body just aches.

    I am going to try and clean my anger away tackling the kitchen and living room and then going to have an early night tonight, and hopefully will wake up in a better mood tomorrow.

    I might treat myself to a fizzy drink tomorrow morning, which will cost about £1 but we will see. I want to, and I have the money available in my treats budget (yes, I am counting a sugary drink as a treat) but I also want to spend as little as possible over the next week and a half so I have more excess to throw at debts/savings. Such a dilemma.
    18.02.17 - £4,040.19 18.03.17 - £3686.19
    18.04.17 - TBA

    • dottydebts
    • By dottydebts 20th Mar 17, 6:54 PM
    • 61 Posts
    • 162 Thanks
    New challenge until payday - only spend the cash I have left in my envelopes! I have just counted it all out and re-sorted it into the following categories:

    Food - £10.50 (pretty much what is left in my food budget anyway!)
    Petrol - £31 (I always aim for £30 when filling up, but always seem to go over slightly!)
    Treats - About £10 (Basically all of the other coins I had remaining over the value of 20p!)

    10ps, 5ps, 2ps and 1ps have been taken out ready to go into my spare change pot for christmas, taking it's total to just over £35! (yes, I count my change and add it to my spreadsheet before I save it)

    If I manage this, I will have about £160 to send to savings/debts (split) when I get paid on the 31st! 10 days to go!!
    18.02.17 - £4,040.19 18.03.17 - £3686.19
    18.04.17 - TBA

Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,021Posts Today

6,766Users online

Martin's Twitter