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  • FIRST POST
    • thegirlinthegreenscarf
    • By thegirlinthegreenscarf 18th Apr 17, 1:22 PM
    • 35Posts
    • 58Thanks
    thegirlinthegreenscarf
    Starting Over
    • #1
    • 18th Apr 17, 1:22 PM
    Starting Over 18th Apr 17 at 1:22 PM
    Hi


    Decided that enough is enough. I need to come over from the "Dark Side" and try to act like an adult.


    I have spend my lunchtime setting up a new email address (not linked to my name) and an account on here and now I have no time left to look on the forums. ;-(


    Very quickly, I have recently transferred my debt onto a 0% credit card and am still paying of my previous car. I am not currently earning enough to have to pay back my student loans.


    Problems are: a) I have always been a spender, b) I still seem to spend my full time wages on part time salary (I have worked 4 days since my daugher was born) c) I do have that working mum guilt - not helped by all the "perfect" blogs, photos etc I need to call a halt. d) amazon, ebay etc are all too easy and accessible.

    This is not my first credit card debt. I think I need to break the pattern. If I am honest, deep inside I am concerned that I am happy to return things once I have bought them. Its the buying (online or in a shop) that I can't seem to stop. The last next sale slot I had, I bought stuff online to be delivered to the store, then forced myself to leave it at the store until it was returned to the warehouse 2 weeks later and credited on my account.


    So, advice please, a to do list (as basic as possible), suggestions for a spending diary, no spend challenges, moral support and even if you just want to say hi - all appreciated
    xxxxxx
    Last edited by thegirlinthegreenscarf; 18-04-2017 at 1:49 PM.
Page 1
    • GeorgianaCavendish
    • By GeorgianaCavendish 18th Apr 17, 5:28 PM
    • 282 Posts
    • 1,045 Thanks
    GeorgianaCavendish
    • #2
    • 18th Apr 17, 5:28 PM
    • #2
    • 18th Apr 17, 5:28 PM
    Hello and welcome!
    Love your username - is that a Becky Bloomwood reference? I read the Shopaholic books again recently and I found some of Ms Bloomwood's behaviour painfully familiar.

    I started my debt free diary at the end of January this year so I'm pretty new to all this too. There is lots of great advice in the diaries and the Debt Free Wannabe boards so have a browse when you have time.

    The things that really helped me:

    1. OnTrees account/app - you link this with your bank accounts and credit cards, it gives you a breakdown of exactly what you have spent over the past 12 weeks. Breaks everything down into categories, you can edit these and add new ones. I was spending blindly and I didn't have a good overview of where my money was going so I found this very useful (and scary!). It helped me identify the black holes and blind spots in my spending like buying coffee or lunch at work, and I could make easy changes to save some money.

    2. SoA (State of Affairs) - everyone will ask you to post one and although it is scary, it is really helpful to get an outside perspective on things. There were several things (like Spotify, gym membership etc) that I thought I couldn't live without but I was convinced to give them up or make a switch to cheaper supplier and I found that I can actually live without them This link has some advice on how to complete one : Help for the first time poster

    3. Knowledge is power. I willingly kept myself in the dark about the interest rates on my credit cards because I didn't like to think too much about how much debt I was in. BUT finding out exactly what interest rate I was paying (some of my cards have several different interest rates) and when these rates ran out was really helpful in terms of helping me prioritise what to pay off first. If you are like me, then make finding out your interest rates, statement dates etc one of the first things you do. Also, sometimes just by having a chat with your bank or card provider, you can get a lower interest rate. I called my bank to check something about my personal loan and they told me I could refinance on a lower interest rate which saved me just under 90 a month in repayments.

    4. YNAB (You Need A Budget) is a great piece of budgeting software. You get a 34 day free trial when you first sign up. HOWEVER, I think that OnTrees was more useful to me at the very beginning because I didn't have an accurate picture of where my money was going. YNAB have a great YouTube channel with lots of advice on how to get the most from their website and about budgeting in general, another thing that is worth a browse when you have time.

    5. Snowball calculator - to help you figure out the correct order for paying your debts off.

    6. Join Cashback, survey sites and market research focus groups. There are loads out there but I use TopCashBack for cashback, MySurvey for surveys and Trend Market Research and People for Research focus group sites (I can't keep up with too many!). I've been using TopCashBack for about 9 months and I've made nearly 400 in total (ok, I have also spent a lot on it!) ; I've made 40 from MySurvey since end of Jan and done two Focus Groups (90 total) this year.

    7. Try cheaper brands. I used to buy certain brands because I assumed they were better quality, but I've been making an effort to try cheaper brands since January and I've been really pleased with the results. Biggest one for me was switching from Tesco & Waitrose to ALDI for my weekly shop. ALDI is amazing! I think a lot of their products are way better quality than Tesco or Waitrose and they are way, way cheaper. I'm a proper fangirl for them now I switched brands for a couple of skincare and toiletries too and found that I either preferred or didn't notice a difference when using a slightly cheaper brand.

    8. Clear cookies / Delete card / paypal information - if you have any websites that automatically store your card or paypal information then delete it. Clear your cookies. Unsubscribe from mailing lists if you know that certain ones always tempt you to buy something. Stop following the spendiest blogs/instagrams - I found there was one blogger that always prompted me to buy something, so I've just stopped reading her blog for the time being.

    Good luck! I'll subscribe to your diary so I can see how you are getting on
    Last edited by GeorgianaCavendish; 18-04-2017 at 5:38 PM. Reason: typo!
    Georgiana, Duchess of Debt-shire's April 2017 Debt Totals: HSBC Loan 12,119.60 / MBNA 7591.83 / Barclaycard 6097.95 / Catalog 687.43 / Dreams 431

    And don't forget the Student Loan! 15,199.37 (April 2016)
    • thegirlinthegreenscarf
    • By thegirlinthegreenscarf 18th Apr 17, 5:33 PM
    • 35 Posts
    • 58 Thanks
    thegirlinthegreenscarf
    • #3
    • 18th Apr 17, 5:33 PM
    • #3
    • 18th Apr 17, 5:33 PM
    Hi yes it's a Becky reference ;-)
    Thanks for your reply xxx
    • thegirlinthegreenscarf
    • By thegirlinthegreenscarf 18th Apr 17, 5:35 PM
    • 35 Posts
    • 58 Thanks
    thegirlinthegreenscarf
    • #4
    • 18th Apr 17, 5:35 PM
    • #4
    • 18th Apr 17, 5:35 PM
    Oh cool, can I subscribe to yours too? X
    • GeorgianaCavendish
    • By GeorgianaCavendish 18th Apr 17, 5:37 PM
    • 282 Posts
    • 1,045 Thanks
    GeorgianaCavendish
    • #5
    • 18th Apr 17, 5:37 PM
    • #5
    • 18th Apr 17, 5:37 PM
    Oh cool, can I subscribe to yours too? X
    Originally posted by thegirlinthegreenscarf
    You can, this is the link to my diary : GC's Debt Diary there is a box at the top to Subscribe (next to the bright pink Post Reply box) xx
    Georgiana, Duchess of Debt-shire's April 2017 Debt Totals: HSBC Loan 12,119.60 / MBNA 7591.83 / Barclaycard 6097.95 / Catalog 687.43 / Dreams 431

    And don't forget the Student Loan! 15,199.37 (April 2016)
    • thegirlinthegreenscarf
    • By thegirlinthegreenscarf 26th Apr 17, 9:36 AM
    • 35 Posts
    • 58 Thanks
    thegirlinthegreenscarf
    • #6
    • 26th Apr 17, 9:36 AM
    • #6
    • 26th Apr 17, 9:36 AM
    Ok, I am probably not doing this is in a logical manner. I thought I had managed to save this month, and I have. Originally I had saved 200 and trasnferred it into another a/c/ But then my main a/c hit the overdraft and I had transferred 150 to cover it. So I had saved 50. I checked the bank again and its now minus 80.
    I have had a look at my money over the last month and I have spend over 200 on paypal - some are gifts but some are jewellery (for me) scentsey products (for me) and aloe vera products. I have spend over 100 eating out/take aways and 100 on "top up shops". I coiuld have saved about 400-500 this month. And probably every month. I don't even know if I am posting this in the right place. If not, please direct me to where I should go, but definitley need to cancel the credit cards that are stored online.....
    • thegirlinthegreenscarf
    • By thegirlinthegreenscarf 26th Apr 17, 12:44 PM
    • 35 Posts
    • 58 Thanks
    thegirlinthegreenscarf
    • #7
    • 26th Apr 17, 12:44 PM
    • #7
    • 26th Apr 17, 12:44 PM
    Hi


    What is the difference between onetrees and ynab? Are these definitely secure? Its lunctime and I am on the ynab youtube channel right now. Just downloaded the classic app too, but its in dollars. Is this normal or have I downloaded the wrong app?
    Last edited by thegirlinthegreenscarf; 26-04-2017 at 12:50 PM.
    • GeorgianaCavendish
    • By GeorgianaCavendish 27th Apr 17, 12:09 PM
    • 282 Posts
    • 1,045 Thanks
    GeorgianaCavendish
    • #8
    • 27th Apr 17, 12:09 PM
    • #8
    • 27th Apr 17, 12:09 PM
    Hi


    What is the difference between onetrees and ynab? Are these definitely secure? Its lunctime and I am on the ynab youtube channel right now. Just downloaded the classic app too, but its in dollars. Is this normal or have I downloaded the wrong app?
    Originally posted by thegirlinthegreenscarf
    I find OnTrees easier to understand that YNAB. I'd say the main difference is that OnTrees is good for tracking what you spend and if you are not used to having a spending diary then it makes it much easier because it imports the info from your bank account. YNAB is better for budgeting, there is supposedly some way to link it with your bank accounts etc but I wasn't able to do it with any of mine (I think it may be set up for USA banks, not UK ones).
    As far as I know they are both secure websites, I have been using OnTrees since beginning of the year and I haven't had any trouble with fraud.

    YNAB is an American company so I think dollars is the default but you can change it in the settings ... hopefully a YNAB expert will be along shortly to explain because I find it confusing enough to do the very basics!
    Georgiana, Duchess of Debt-shire's April 2017 Debt Totals: HSBC Loan 12,119.60 / MBNA 7591.83 / Barclaycard 6097.95 / Catalog 687.43 / Dreams 431

    And don't forget the Student Loan! 15,199.37 (April 2016)
    • Honeysucklelou2
    • By Honeysucklelou2 27th Apr 17, 12:54 PM
    • 156 Posts
    • 388 Thanks
    Honeysucklelou2
    • #9
    • 27th Apr 17, 12:54 PM
    • #9
    • 27th Apr 17, 12:54 PM
    I use a spending tracker that is useful to record each and every transaction. The app helpfully shows the resulting spends in the form of bar charts or a pie chart whichever you prefer. It's very visual and helps you to see if spends are creeping up. I use it to record everything but also to keep an eye on my food spending as I know this is where money grows wings! The app was free!
    Might to useful to track spending and then plan a budget?
    paydbx #90 275/10,000.
    365 day penny challenge 37.66/667.95
    Loan 17k in 2012- 840 in May 2017. Home improvement loans 3342 March 2017
    • thegirlinthegreenscarf
    • By thegirlinthegreenscarf 11th May 17, 9:12 AM
    • 35 Posts
    • 58 Thanks
    thegirlinthegreenscarf
    I use a spending tracker that is useful to record each and every transaction. The app helpfully shows the resulting spends in the form of bar charts or a pie chart whichever you prefer. It's very visual and helps you to see if spends are creeping up. I use it to record everything but also to keep an eye on my food spending as I know this is where money grows wings! The app was free!
    Might to useful to track spending and then plan a budget?
    Originally posted by Honeysucklelou2

    Brill! What's the app called?
    • thegirlinthegreenscarf
    • By thegirlinthegreenscarf 23rd May 17, 2:36 PM
    • 35 Posts
    • 58 Thanks
    thegirlinthegreenscarf
    Progress has been sporadic, but progress nonetheless. I have made a list of my direct debits/standing orders (including my contributions to the household bills) and have even contacted the morgage company for a statement (Wow, that was a sobering experience!) I was wondering if it is possible (sensible) to be on DWF and Morgage Free forums at the same time? Anyhoo, I have cancelled a membership for 10/month that I did not use, bartered my mobile phone provider down from 25/month to 14/month. I am also listing items on ebay. I still feel like I am not going about this in a logical manner - I am just doing bits and pieces here and there as time/energy allows.The next things I want to do (apart from listing more on ebay, obvs) are:
    Set up accounts to "piggybank" (I think I am going to go with nationwide, but I was getting very confused),
    Check my 0% credit card and also
    Look at my studio/xmas catalogue statement so see what i spent last year.


    Wish me luck!
    • DawnW
    • By DawnW 23rd May 17, 2:50 PM
    • 4,332 Posts
    • 32,869 Thanks
    DawnW
    Well, even if you feel that you aren't dealing with it in a logical manner, you HAVE made a start, and that is the main thing xx

    • EssexHebridean
    • By EssexHebridean 23rd May 17, 3:24 PM
    • 7,149 Posts
    • 38,034 Thanks
    EssexHebridean
    Nationwide is brilliant for enabling you to have lots of savings accounts off your main current account - if you open the FlexDirect account it also has the advantage of paying you interest on a credit balance. As you set up your "piggybank" accounts you can also set up automated transfers so you know the money will go across to them each month without you having to remember, if that proves easier. The mobile banking app is also very good and lets you do the majority of things you might need to, once it's all set up.

    Reading back over your diary, I think you need to think about closing things like your Next account - at the moment, if the sale proves too tempting, remove the temptation by closing down the access to it - I'd put money on you really not needing any new stuff, anyway?
    MORTGAGE FREE 30/09/2016
    Sainsbugs 0% card: 22/12/16 1229.00/324.14
    • thegirlinthegreenscarf
    • By thegirlinthegreenscarf 23rd May 17, 4:11 PM
    • 35 Posts
    • 58 Thanks
    thegirlinthegreenscarf
    Hi

    You're right, I need very little. But I do tend to buy clothes for my daughter (in the size up from what she's wearing) in the sales. I will give it some thought though.
    • Hiddenidenity
    • By Hiddenidenity 23rd May 17, 4:50 PM
    • 2,973 Posts
    • 11,083 Thanks
    Hiddenidenity
    Hi

    You're right, I need very little. But I do tend to buy clothes for my daughter (in the size up from what she's wearing) in the sales. I will give it some thought though.
    Originally posted by thegirlinthegreenscarf
    That you can do without a credit account though

    Good luck will follow

    DFW 328.71/7348.71
    You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose.
    Rent Arrears 31.28 /3381.28
    • enthusiasticsaver
    • By enthusiasticsaver 23rd May 17, 5:38 PM
    • 3,419 Posts
    • 5,742 Thanks
    enthusiasticsaver
    Debts on storecards and catalogues are very expensive so I would close those down. A spending app tracker may be good for you to keep tabs on what you are spending.

    You sound like you are an impulse spender and the best way to deal with that is to remove credit card details from sites like amazon and ebay and cut up all credit cards bar one (the oldest one preferably) and a debit card. Ideally what you want to do eventually is to repay all the debt use the credit card occasionally and pay it off in full each month. That is a good way to keep your credit rating high but ensures you don't get out of control with them. Set a monthly limit for clothes for your daughter.
    Debt and mortgage free and saving for early retirement
    • Honeysucklelou2
    • By Honeysucklelou2 24th May 17, 5:13 AM
    • 156 Posts
    • 388 Thanks
    Honeysucklelou2
    Sorry, just seen your previous question...the tracker I use is simply called Spending Tracker and is by MH Riley. I think they do a snowball one and a Mortgage one too but I haven't explored those.
    paydbx #90 275/10,000.
    365 day penny challenge 37.66/667.95
    Loan 17k in 2012- 840 in May 2017. Home improvement loans 3342 March 2017
    • armchairexpert
    • By armchairexpert 24th May 17, 6:30 AM
    • 359 Posts
    • 2,456 Thanks
    armchairexpert
    Hi greenscarf!

    I cannot recommend doing and posting your SOA enough, it's going to give you a much clearer idea of what those impulse spends are really costing you. It'll also tell you what your actual budget for discretionary spends is, which will help enormously. It does involve a bit of digging around for receipts and statements, but it feels great once you've done it.

    I can hear that you're reluctant to be without the ability to make those purchases, and that's okay, it's a journey, but really sit down and think that through. What are you actually worried about? What would be the consequence of you not having easy access to store credit, or credit cards? Follow the thought all the way to the end - what if you couldn't buy your daughter's next-size-up clothes in the Next sale and missed out? What would that feel like? It's a really worthwhile exercise, because so often our spending habits are about something entirely different from the stuff we're purchasing.

    My thing, for example, is that I buy things that represent leisure time (fancy yarn, long books) to try and replicate the feeling of actually having leisure time. When I have more free time in the evenings I spend less! Yours is almost certainly something different, but have a dig around in your psyche and see what ends up being down there.
    MFW diary here. 1 Feb 2017 $229,371 - MFD Feb 2043 aiming for May 2028
    1 May 2017 $222,634.29
    • thegirlinthegreenscarf
    • By thegirlinthegreenscarf 24th May 17, 10:38 AM
    • 35 Posts
    • 58 Thanks
    thegirlinthegreenscarf
    Ok, very slow progress, posted 1st ebay item to sell (8 + postage) with another 2 items with bids ending tomorrow evening. Whats the best thing to do with the money I earn? Transfer it to a separate a/c or straight to my credit card? (I will also need to look at paypal to see what they will allow me to do)


    I have also looked at what I spent on the christmas catalogue last year - and it was way too much! Will start budgeting so that I have the money when the time comes, but will also scale back.....


    Next step, look at the 0% on the barclays credit card and set up "piggy back" accounts.
    • thegirlinthegreenscarf
    • By thegirlinthegreenscarf 24th May 17, 12:32 PM
    • 35 Posts
    • 58 Thanks
    thegirlinthegreenscarf
    Ha ha I am not sure rooting around in my psyche is a good idea. Who knows what will come out! lol
    You are, of course, right. If I didn't buy her clothes in the next size up, we might throw away less when she grows out of it all. I am always giving away things that have either never been worn or hardly worn (TBH the items I give away are normally ocassion wear/dresses and my daugher is not a girly girl lol) I have actually started selling some of them now too rather than giving everything away.

    I just want everything to be perfect. I am probably an emotional buyer. I have already deacticated my cards from amazon etc and i have noticed a difference already. My normal monthly credit card bill would be 120/150, but this month it is 77. All from Amazon.
    I am going to go through my Amazon account to see what exactly I spent.
    *Edited safe to say there were things I "needed" but also some things that I could have lived without*

    I am getting there, but I do need your support, and I really do appreciate it.
    Last edited by thegirlinthegreenscarf; 24-05-2017 at 1:59 PM.
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