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  • FIRST POST
    • XSpender
    • By XSpender 4th May 17, 11:12 AM
    • 2,560Posts
    • 26,495Thanks
    XSpender
    Spend Nowt, Buy Nowt, Owe Nowt
    • #1
    • 4th May 17, 11:12 AM
    Spend Nowt, Buy Nowt, Owe Nowt 4th May 17 at 11:12 AM
    How do I start what feels like yet another diary?

    After being on the MFW board I have come back to the DFW board to shift the debt we have run up in the last 12 months.

    A quick back story….DH and I are classic impulsive over spenders who went pop back in late 2008 and managed to climb out of the pit of debt we were in by me losing my job and a big redundancy pay out in early 2010. We avoided debt until 12 months ago when we found our dream house about 4 months before we had planned to start looking which we could afford but were short on the deposit. If we had only ended up borrowing the bit we needed to top up the deposit we would be have been debt free by now.

    We have run up debt on buying the house, having some work done in the house and some furniture and soft furnishings and impulsive spending on holidays, meals out and the odd high ticket item. We thought we were past making these kinds of stupid decisions and are both worried and angry with ourselves at the level of debt we are in once again.

    The one thing we are agreed on is that we will live on fresh air to keep this house and we need to sort our finances out to give us the security that this could never happen. One day I will get to be a MFW again!

    To make matters worse 6 months after we moved DH has had some issues at work and has taken a job (same company) at a different location which has resulted in a reduction in the bonus he is paid monthly effectively reducing his monthly take home pay and his travel costs have gone up significantly. It hasn’t done much to reduce his stress levels either!

    Worrying about money and our financial security has started to get to me and I don’t want to feel like that again, I thought I had left that behind in 2010. It makes me worry about losing my job and I then start to doubt my ability to do my job. I also worry it will impact on our ability to re-mortgage at a good rate in 12 months’ time.

    I manage the finances but DH has (finally) got on board and has been writing his own plan about how we can stop spending and stop buying so we can owe nowt. Our good friends are also pulling in the purse strings as they have a family holiday to pay for so we have agreed to entertain each other at home rather than go out for meals with the kids which we did at least twice a month.

    Current Debts

    Bank of Mum and Dad - £4336.66 (17 payments left)
    Bank Loan - £12,114.51 (49 payments left)
    Bank CC - £9019.51 (1% payment to come off for May) – all at 0%
    DH CC - £5500 approx. – all at 0% until August
    My CC – £5782.31 – mostly 0% but some spending at standard rate
    BNPL – £400 – due 21st December 2017
    Owed to DS – £1296.79 – 0%
    Balance of trip to New York - £1098 due October 2017

    TOTAL £39,547.78

    Our plan is to drastically cut our spending and cancel the trip to New York for a start. There is not much we can do about our bills until June/July when they will all be up for renewal and I will hit the comparison sites. It is our spending on food and booze and stuff that needs to be reigned in hence the title of this diary.

    If we can stop adding to the debt by paying the minimum payments each month as well as clearing the BNPL we will knock £6000 off the balance by the end of this year. My goal is to be under £30,000 owed by the end of the year and then have cleared all CCs by June 2018 which is a massive challenge. We both get performance related bonuses, DH quarterly and me twice a year but none of these are guaranteed.

    Wish us luck and control over our spending urges.
    PAYDBX 2017 #99 from 4/5 - £2664.28/£10,000 26.6%
    Total Owed £39,547.78 May '17 Total owed July 17 £36883.50 Savings goal £1000 EF - £400
    DFD - May 2021 goal Feb 2020
Page 5
    • clearmydebts
    • By clearmydebts 30th May 17, 1:49 PM
    • 6,046 Posts
    • 17,449 Thanks
    clearmydebts
    Sounds like you have everything well in hand. My sig won't be coming down much either this month due to unexpected expenses but next month hopefully.
    Total debt (starting September 2016): €23,499/€27,000
    BOI credit card: €6,000/€7,000
    Loan:€17,499/
    Savings: €400/€1000
    • XSpender
    • By XSpender 30th May 17, 9:43 PM
    • 2,560 Posts
    • 26,495 Thanks
    XSpender
    You sound on top of your figures, and have a plan - well done you. Good luck with seeing it reduce.
    Originally posted by apple muncher
    Thanks apple.

    Sounds like you have everything well in hand. My sig won't be coming down much either this month due to unexpected expenses but next month hopefully.
    Originally posted by clearmydebts
    I spoke a bit too soon as in my excitement of sorting the BT out I forgot we are also having a tough month this month. We will both just have to keep plugging awayclearmydebts. Good luck with the debt busting

    DH and I are both too tired to go through the budget tonight, he's only been in an hour and has eaten and gone to bed so will hopefully get that done tomorrow.

    In other news the roof is covered for storm damage so £100 excess to find on top of everything else this month.
    PAYDBX 2017 #99 from 4/5 - £2664.28/£10,000 26.6%
    Total Owed £39,547.78 May '17 Total owed July 17 £36883.50 Savings goal £1000 EF - £400
    DFD - May 2021 goal Feb 2020
    • Hiddenidenity
    • By Hiddenidenity 30th May 17, 10:19 PM
    • 3,760 Posts
    • 14,914 Thanks
    Hiddenidenity
    Just a bump in the road it will get better again x keep plodding x

    DFW £718.71/£7348.71
    Rent Arrears £331.28/£3381.28

    June 17 PA £121.25 + £70 Cash + £50 Amazon
    July 17 PA £216.52 + £25 Cash + £45 Amazon
    • XSpender
    • By XSpender 31st May 17, 7:32 AM
    • 2,560 Posts
    • 26,495 Thanks
    XSpender
    I've been paid today and It appears I have got my 6 monthly bonus albeit less than expected. I will check how much I have been awarded when I receive my email payslip. As I currently have no KPIs I will be a bit annoyed if they have not awarded me the full amount.

    The good news is that even with a very expensive June with house insurance, insurance excess, a renovated bench to pay for and trips away and what have you to pay for this month, if we stick to the budget there should be some extra to go to the interest bearing sum on my CC I am not planning on starting the savings pots until next month when we are back to a 'normal' month if there is such a thing!
    PAYDBX 2017 #99 from 4/5 - £2664.28/£10,000 26.6%
    Total Owed £39,547.78 May '17 Total owed July 17 £36883.50 Savings goal £1000 EF - £400
    DFD - May 2021 goal Feb 2020
    • clearmydebts
    • By clearmydebts 31st May 17, 10:06 AM
    • 6,046 Posts
    • 17,449 Thanks
    clearmydebts
    I've been paid today and It appears I have got my 6 monthly bonus albeit less than expected. I will check how much I have been awarded when I receive my email payslip. As I currently have no KPIs I will be a bit annoyed if they have not awarded me the full amount.

    The good news is that even with a very expensive June with house insurance, insurance excess, a renovated bench to pay for and trips away and what have you to pay for this month, if we stick to the budget there should be some extra to go to the interest bearing sum on my CC I am not planning on starting the savings pots until next month when we are back to a 'normal' month if there is such a thing!
    Originally posted by XSpender
    Brilliant news re: bonus! Not sure if there is ever a normal month in my world either! OH is waiting on a bonus as well. They were supposed to get one in December and there was nothing, although we did get an all expenses paid trip to Tuscany for 3 nights! Hope he gets it soon as I have great plans for it
    Total debt (starting September 2016): €23,499/€27,000
    BOI credit card: €6,000/€7,000
    Loan:€17,499/
    Savings: €400/€1000
    • Hiddenidenity
    • By Hiddenidenity 31st May 17, 10:18 AM
    • 3,760 Posts
    • 14,914 Thanks
    Hiddenidenity
    Brill news on the bonus even if it wasnt as much as you expected.

    Have a lovely day

    DFW £718.71/£7348.71
    Rent Arrears £331.28/£3381.28

    June 17 PA £121.25 + £70 Cash + £50 Amazon
    July 17 PA £216.52 + £25 Cash + £45 Amazon
    • XSpender
    • By XSpender 2nd Jun 17, 9:35 PM
    • 2,560 Posts
    • 26,495 Thanks
    XSpender
    I checked my bonus and I did get the full amount. The tax man has had a big chunk of it though so I have come out with less than expected.

    I am planning to pay an extra couple of hundred pounds of the first target card and the rest will cover all the expenses we have this month, that I was struggling to cover, without putting anything on the cards.

    Not much else happening on the money front. Loans have been paid so the balance is going down and all the CCs are due out later in the month. I am aiming for £1000 paid off this month to get us well in to the 37's.

    My stomach has been playing up over the last couple of weeks so when I get back from my 5 day trip I am going to overhaul my diet (as well as go on a detox ), keep a food diary and see if I can see what I am reacting too.
    PAYDBX 2017 #99 from 4/5 - £2664.28/£10,000 26.6%
    Total Owed £39,547.78 May '17 Total owed July 17 £36883.50 Savings goal £1000 EF - £400
    DFD - May 2021 goal Feb 2020
    • Hiddenidenity
    • By Hiddenidenity 3rd Jun 17, 2:38 PM
    • 3,760 Posts
    • 14,914 Thanks
    Hiddenidenity
    It's still all going in the right direction despite the big spends needed. You should be proud of what you've achieved x

    DFW £718.71/£7348.71
    Rent Arrears £331.28/£3381.28

    June 17 PA £121.25 + £70 Cash + £50 Amazon
    July 17 PA £216.52 + £25 Cash + £45 Amazon
    • smallholdingsister
    • By smallholdingsister 3rd Jun 17, 2:52 PM
    • 3,290 Posts
    • 24,266 Thanks
    smallholdingsister
    Hope you are feeling better soon.
    • Cherryfudge
    • By Cherryfudge 4th Jun 17, 11:48 PM
    • 488 Posts
    • 1,427 Thanks
    Cherryfudge
    Good to hear you have a bonus and can avoid hitting the CCs this month!

    Any chance of a tax rebate at the end of the year?

    Sorry you aren't feeling well. I have known people use the Fodmap diet to work out what they aren't tolerating, but I'm not sure if this is just for IBS. Hope you find what your culprit is.
    30 days in June...
    NSDs 9/12, Exercise 8/12, Housekeeping £108.57/£120
    • XSpender
    • By XSpender 12th Jun 17, 4:33 PM
    • 2,560 Posts
    • 26,495 Thanks
    XSpender
    I am back from my short break and had a lovely time. I wasn’t looking forward to it but it was good fun and a nice break in the sunshine. I also spent only half of the spending money I took and that was after buying 2 bottles of booze and a bottle of aftershave for DH who had conveniently run out the week I went away. It’s a pity you lose so much changing euros back or I would have some more money to pay off the debt.

    All DDs have been paid and the balance on the debt now stands at £37,772.25. I am hoping to pay another £200 off this month so that I will have paid off £2000 since I started this diary.

    Insurance claim for storm damage has paid out and we are going to do a repair rather than a replacement and use the money to decorate our hall, stairs and landing. DH has removed most of the paper, we have a plasterer friend who will cover the aertex ceilings and DH and I will tackle the painting after a lot of prep to the walls and woodwork. We will then need to decide on flooring and doors but this can wait a bit longer while we save up. One of the big cupboard doors isn’t even attached to the door frame properly as there is nothing to attach it too and the carpets are very marked, the vax carpet cleaner we have doesn’t improve them much, so these items will need to be sorted but I do not want to get into debt for them.

    I have done a big shop this weekend, nearly £100 , as I am planning to change my diet. I am already GF(coeliac) but am changing to grain and sugar free to see if it will help with tummy problems, the extra stone I am carrying and my energy levels. I am making a new recipe of sausage and cider stew tonight with mash and kale. It’s blowing a gale here so it still feels like stew weather.

    Feeling a little unsettled with work. It is the contract rather than my job but one can quite easily lead to the loss of the other. My colleagues are feeling the same which makes me feel a bit better. We work quite independently so you can start to feel like you are the only one with a concern. We have a meeting next week to discuss this so we hope this will improve.

    Now I am back home I must start to do surveys again. I would like to get to a point where they fund most gifts for birthdays and Christmas. We don’t have many to buy presents for anything over this will be used to stock up on bulk buy food items from Amazon like grain free flour etc.
    PAYDBX 2017 #99 from 4/5 - £2664.28/£10,000 26.6%
    Total Owed £39,547.78 May '17 Total owed July 17 £36883.50 Savings goal £1000 EF - £400
    DFD - May 2021 goal Feb 2020
    • XSpender
    • By XSpender 12th Jun 17, 4:38 PM
    • 2,560 Posts
    • 26,495 Thanks
    XSpender
    Good to hear you have a bonus and can avoid hitting the CCs this month!

    Any chance of a tax rebate at the end of the year?

    Sorry you aren't feeling well. I have known people use the Fodmap diet to work out what they aren't tolerating, but I'm not sure if this is just for IBS. Hope you find what your culprit is.
    Originally posted by Cherryfudge
    I think my tax will work itself out over the course of the year. I am hoping DH will get a tax rebate as his tax code is so low. I think this is due to the company car they have him down for as a very sporty one he had for a few months. We will have to look into it when he isn't so stressed out with work.
    PAYDBX 2017 #99 from 4/5 - £2664.28/£10,000 26.6%
    Total Owed £39,547.78 May '17 Total owed July 17 £36883.50 Savings goal £1000 EF - £400
    DFD - May 2021 goal Feb 2020
    • Toni'sfriend
    • By Toni'sfriend 12th Jun 17, 4:53 PM
    • 616 Posts
    • 5,550 Thanks
    Toni'sfriend
    Hope work and the diet work out for you.
    I often make diced pork in cider but never thought about using sausage. We've loads of sausage in the freezer so I think I'll give it a try. Never had kale. Is it like cabbage?
    NSD 10/14 Weightloss 1.5/48 July womble £64.42 2017 Wombling total £1064.65
    • apple muncher
    • By apple muncher 12th Jun 17, 8:05 PM
    • 6,053 Posts
    • 44,145 Thanks
    apple muncher
    Kale. Ugh. Have tried it. Cannot stand it. Even with it crisped up and coated in pure yumminess. Good luck!!
    NST Joyful July #2; NSD 11; Ex 18; craft 110; remove 477
    2017 MFW#63 Pay off: £2239/£4050; 2
    017 sell 110

    Mortgage £24,831 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295) MFWDate Dec 2018
    • XSpender
    • By XSpender 12th Jun 17, 10:19 PM
    • 2,560 Posts
    • 26,495 Thanks
    XSpender
    Kale is like a strong cabbage, lovely covered in gravy but I even have it in smoothies (without the gravy ). It's DH favourite veg. You can get it frozen in Tesco or fresh just about anywhere. Avoid the stems as they are tough and bitter.
    PAYDBX 2017 #99 from 4/5 - £2664.28/£10,000 26.6%
    Total Owed £39,547.78 May '17 Total owed July 17 £36883.50 Savings goal £1000 EF - £400
    DFD - May 2021 goal Feb 2020
    • Cherryfudge
    • By Cherryfudge 13th Jun 17, 12:58 AM
    • 488 Posts
    • 1,427 Thanks
    Cherryfudge
    I think my tax will work itself out over the course of the year. I am hoping DH will get a tax rebate as his tax code is so low. I think this is due to the company car they have him down for as a very sporty one he had for a few months. We will have to look into it when he isn't so stressed out with work.
    Originally posted by XSpender
    Good to hear you had a nice time away!

    Work has a lot to answer for. Let's hope the change of car pays off.

    I had missed seeing you are G/F (sorry) - no wonder your food bill came to nearly £100! Sooo expensive... a couple of my relatives are G/F and one of them is also dairy free and sugar free... she feels it makes her arthritis worse and doing without it is a price worth paying for improved health. Lots of good wishes for your change of diet.
    30 days in June...
    NSDs 9/12, Exercise 8/12, Housekeeping £108.57/£120
    • XSpender
    • By XSpender 13th Jun 17, 7:57 AM
    • 2,560 Posts
    • 26,495 Thanks
    XSpender
    Internet banking done this morning and another couple of contactless payments for DH spending on lunches last week are showing. He spent as much on lunches last week as I did during a 5 day trip abroad (excluding the presents)! I don't think the £29 left in the food kitty will last us until the 29th.

    Things to do today:

    1) Hang out white washing - Done
    2) Put away yesterday's ironing, bedding and massive bag of underwear and socks
    3) Do a day's work
    4) Put gammon in slow cooker for tea
    5) Cancel DS swimming lessons and request refund. Have to call after 4pm
    6) Try and find another stage 5 lesson for DS on a Saturday
    7) Eyebrows and nails or I will frighten tomorrow's clients
    8) Walk/run with the doggle

    The swimming teacher is a cow and I pulled him out of lessons 2 years ago with her at another location and am having to do the same again DS isn't perfect and gets easily distracted but there are only 4 in the class, not 12 like the last place. DS is getting distressed when he has to go to the lesson. He got told off for looking her in the eye when she was speaking to him last week!
    Last edited by XSpender; 13-06-2017 at 9:24 AM.
    PAYDBX 2017 #99 from 4/5 - £2664.28/£10,000 26.6%
    Total Owed £39,547.78 May '17 Total owed July 17 £36883.50 Savings goal £1000 EF - £400
    DFD - May 2021 goal Feb 2020
    • Silver Queen
    • By Silver Queen 13th Jun 17, 8:44 AM
    • 121 Posts
    • 550 Thanks
    Silver Queen
    about the swimming teacher, that's completely unacceptable! I think you should have a strong word with her and when she speaks to you, tell her off for looking into your eyes when speaking!

    Seriously though, how horrible of her, I hope your DS isn't too put off by her. I would definitely make a formal complaint, can you imagine how many poor kids have been affected?
    Debt Totals 01/07/17:
    £350 Natwest Credit Card / Now £0 £15,500 Loan from Parents / Currently £12,750 £2,000 Overdraft Now £1,000
    • XSpender
    • By XSpender 13th Jun 17, 9:01 PM
    • 2,560 Posts
    • 26,495 Thanks
    XSpender
    about the swimming teacher, that's completely unacceptable! I think you should have a strong word with her and when she speaks to you, tell her off for looking into your eyes when speaking!

    Seriously though, how horrible of her, I hope your DS isn't too put off by her. I would definitely make a formal complaint, can you imagine how many poor kids have been affected?
    Originally posted by Silver Queen
    We are not the only parents to have moved our children from the previous location due to the swimming teacher's behaviour.

    I have cancelled his lessons from next month and the only alternative lesson they could offer me for the next 2 weeks we can't make.

    DS is on the waiting list for another small group lesson elsewhere at almost double the cost but it is quite a long list so he may be waiting a while. I have a couple of other places to try. Otherwise it will be back to practicing at the pool with us on a weekend until a space becomes available.

    Things to do today:

    1) Hang out white washing - Done
    2) Put away yesterday's ironing, bedding and massive bag of underwear and socks not done
    3) Do a day's work Done
    4) Put gammon in slow cooker for tea Done and it was yummy
    5) Cancel DS swimming lessons and request refund. Done but need to send email to confirm and cancel the DD
    6) Try and find another stage 5 lesson for DS on a Saturday Work in progress
    7) Eyebrows and nails or I will frighten tomorrow's clients - Eyebrows done, nails just need polish taking off
    8) Walk/run with the doggle - not done

    I have managed not to spend any money this week so far but need some stamps, fathers day cards and to pay a cheque in so will get all this done on the way home from a meeting in the morning.

    Diet is much improved this week although Monday contained lots more sugar than it should have. Today I had no sugar but that in baked beans but I have had 2 small slices of GF bread. The peanut butter will have had sugar too I suppose. A lesson for next week is to prepare some lunch options and stick them in the fridge.

    Oh I nearly forgot to say I paid another £200 off the CC with interest bearing bit this morning
    Last edited by XSpender; 13-06-2017 at 9:03 PM.
    PAYDBX 2017 #99 from 4/5 - £2664.28/£10,000 26.6%
    Total Owed £39,547.78 May '17 Total owed July 17 £36883.50 Savings goal £1000 EF - £400
    DFD - May 2021 goal Feb 2020
    • apple muncher
    • By apple muncher 14th Jun 17, 7:54 PM
    • 6,053 Posts
    • 44,145 Thanks
    apple muncher
    You can buy pea butter made just from nuts, oil and salt in the supermarkets, or splash out on a 1kg tub - meridian, I think. Then freeze a nana and whizz up nana + pea butter for absolutely scrummy 'icecream'.

    I tried making my version of paleo chunky monkey bars today, using rasps instead of choc, and omitting the honey. Hmmm. Next time they'll defo have some honey in them!
    NST Joyful July #2; NSD 11; Ex 18; craft 110; remove 477
    2017 MFW#63 Pay off: £2239/£4050; 2
    017 sell 110

    Mortgage £24,831 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295) MFWDate Dec 2018
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