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  • FIRST POST
    • emmie26
    • By emmie26 21st May 17, 9:15 PM
    • 490Posts
    • 1,858Thanks
    emmie26
    Oops I did it again, I played with my cards!
    • #1
    • 21st May 17, 9:15 PM
    Oops I did it again, I played with my cards! 21st May 17 at 9:15 PM
    Well I’m back…Back in debt and back being a Debt-Free Wannabe!!

    I am gutted but need to take some decisive action because at the moment every month we seem to have more going out than is coming in and that is a recipe for financial disaster.

    I have been here before. 7 years ago (when I was 26 – hence the name) I grabbed the bull by the horns and knuckled down and cleared my debt. Fast forward 7 years and we are in a slightly different position than the last time. Last time we had built up loads of debt and had literally nothing to show for it. This time the debt was planned.

    18 months ago, we had an extension on our home. We went from a typical 1930’s semi with 2 bedrooms and a box room to a large semi with 4 double rooms and a box room, this made good financial sense because we could not find a 4-bedroomed house that we could afford and we liked our location and neighbours.
    To finance the extension, we added £40,000 to our mortgage without increasing the term. We used around £20,000 of savings and for the final finishing touches such as bathrooms and appliances we borrowed £8000 on 0% credit cards. I had read about stoozing and felt that this would save us money on the mortgage interest rates but I did not anticipate that it would stretch us quite as much as it has.

    I have just finished reading through the debt-free diary that I completed in 2011 and it has inspired me to jump back into the frugal way of living. I have done it before and I can do it again.

    The only difference is that I have got used to having savings in the bank and having a lot of disposable income (we were managing to save around £1000 a month in the run up to the extension). I have not had to watch the pennies for so long but I did quite enjoy it last time and hopefully I will get back into it this time.

    I will post a SOA in a separate post, feel free to berate me about my spending and the amount of debt we are in. If anyone can see anywhere we can save please shout up.

    Total Debt: £24,359.79 £19,963
    debt reduced by 18%
    Debt free date: May 2019
Page 4
    • emmie26
    • By emmie26 10th Jun 17, 3:55 PM
    • 490 Posts
    • 1,858 Thanks
    emmie26
    What lovely children (and MIL).
    Originally posted by Toni'sfriend
    Thanks, they really are lovely, they all have their moments but they are all forgotten after that lovely treat

    Total Debt: £24,359.79 £19,963
    debt reduced by 18%
    Debt free date: May 2019
    • Bobarella
    • By Bobarella 10th Jun 17, 4:03 PM
    • 10,476 Posts
    • 69,558 Thanks
    Bobarella
    Well done on the updated budget! It's worth the work isn't it.
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
    • mummytogirls
    • By mummytogirls 10th Jun 17, 4:09 PM
    • 5,496 Posts
    • 17,051 Thanks
    mummytogirls
    How lovely of your MIL and children Emmie, really warmed my heart!!! xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
    • emmie26
    • By emmie26 10th Jun 17, 4:12 PM
    • 490 Posts
    • 1,858 Thanks
    emmie26
    Well done on the updated budget! It's worth the work isn't it.
    Originally posted by Bobarella
    It really is, I'm obsessed with my excel spreadsheet at the moment and every time I need something that isn't on the budget I slot in another cheeky category. I am such a saddo

    Total Debt: £24,359.79 £19,963
    debt reduced by 18%
    Debt free date: May 2019
    • emmie26
    • By emmie26 10th Jun 17, 4:15 PM
    • 490 Posts
    • 1,858 Thanks
    emmie26
    How lovely of your MIL and children Emmie, really warmed my heart!!! xx
    Originally posted by mummytogirls
    It really was, I spent the night feeling really proud and happy, they have their moments but come good in the end! It was such a good night we both dressed up although I'm not used to drinking much so I did get a case of uncontrollable narcolepsy after the meal and fell asleep with my mouth open, most probably drooling #sexy

    Total Debt: £24,359.79 £19,963
    debt reduced by 18%
    Debt free date: May 2019
    • mummytogirls
    • By mummytogirls 10th Jun 17, 4:17 PM
    • 5,496 Posts
    • 17,051 Thanks
    mummytogirls
    Emmie!! xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
    • enthusiasticsaver
    • By enthusiasticsaver 10th Jun 17, 4:24 PM
    • 4,441 Posts
    • 8,263 Thanks
    enthusiasticsaver
    What a lovely thing for your MIL and children to do for you. A very MSE way of celebrating your anniversary and one you will probably remember many years from now when you can afford to splash out on a fancy restaurant. More expensive does not necessarily mean better.
    Countdown to early retirement on 21.12.17 2 months to go.
    • emmie26
    • By emmie26 10th Jun 17, 5:00 PM
    • 490 Posts
    • 1,858 Thanks
    emmie26
    What a lovely thing for your MIL and children to do for you. A very MSE way of celebrating your anniversary and one you will probably remember many years from now when you can afford to splash out on a fancy restaurant. More expensive does not necessarily mean better.
    Originally posted by enthusiasticsaver
    I'm thinking they may regret it in a few years because I'm pondering making it an annual tradition, as we are on the cusp of moody teenagers I'm not sure I fancy my chances though!!

    Total Debt: £24,359.79 £19,963
    debt reduced by 18%
    Debt free date: May 2019
    • Radish72
    • By Radish72 10th Jun 17, 9:50 PM
    • 1,863 Posts
    • 11,629 Thanks
    Radish72
    Belated Wedding Anniversary wishes to you both and well done to everyone who helped organise/cook you both a meal (cheaper than going out )

    Has the £80 appeared in your account yet
    Mortgage Aug12 £165K, May17 £47800
    OP's in 2017 £3000 ish
    ISA challenge start 2017 £3000/£500 (16%)
    • emmie26
    • By emmie26 11th Jun 17, 6:38 AM
    • 490 Posts
    • 1,858 Thanks
    emmie26
    Belated Wedding Anniversary wishes to you both and well done to everyone who helped organise/cook you both a meal (cheaper than going out )

    Has the £80 appeared in your account yet
    Originally posted by Radish72
    No but I plucked up the courage to message on Friday and ask where it was and she said it hadn't been sent (she had asked her husband and he had forgotten to do it) I am seeing her today and she is going to give me the cash
    I got £30 of owed cash on Thursday and the final £30 owed is being given to me next Thursday and then I should be all set until the next time I organise something

    We had an impromptu and very rare night out last night, both children were invited to friends houses for sleepovers and so, as it was world gin day (who knew there was such a thing) we felt it only right to celebrate this sacred day at a local gin bar. DH paid, I did offer him £20 before we went out but he said he was ok so all I paid for was £5 for the taxi home

    We did almost have a row on the way out because I had stripped both my own purse and his pockets of change to put into various jars, as part of my new budget I then drove into town and overnight parking was £1 which neither of us had, so I had to drive home (it's not far) and grab a £1 out of my car tax jar he was not happy.

    Today I have got to fetch the children and then we need to clear our patio as some final building work is being done next week when our new patio is being laid (it's all paid for as part of building work of extension) we have had to wait for ages as our builders have been so busy and then eventually the work has had to go to someone else. Let's hope they are good.

    Tonight I am going to a health spa with friends, which was organised ages ago and is paid for. I'm really looking forward to seeing my friends, that's been the worst thing about the new job I feel like I haven't had a good gossip all week and there has not been one innuendo spoken - that will all change tonight

    Total Debt: £24,359.79 £19,963
    debt reduced by 18%
    Debt free date: May 2019
    • Hiddenidenity
    • By Hiddenidenity 11th Jun 17, 12:09 PM
    • 5,069 Posts
    • 23,324 Thanks
    Hiddenidenity
    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.
    • mummytogirls
    • By mummytogirls 11th Jun 17, 3:18 PM
    • 5,496 Posts
    • 17,051 Thanks
    mummytogirls
    Sounds like you both had a lovely night out Emmie

    Enjoy your spa, I love a good spa and catch up! xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
    • emmie26
    • By emmie26 12th Jun 17, 7:08 AM
    • 490 Posts
    • 1,858 Thanks
    emmie26
    Well I've had a fab (and very spendy) weekend

    Yesterday I spent the whole day cleaning, I did a million loads of washing and the house is gleaming.
    I then had a lovely spa evening with friends, this is definitely not a regular occurrence, I have been to a spa about 5 times in my adult life so I feel it's probably something I do once every 2 or 3 years, although I am considering adding a spa category into my budget so I can do it more often

    I did spend £12.50 even though the spa and meal were paid for, we had a bottle of prosecco while in the outdoor pool and a bottle of wine with the meal, so between the 4 of us it was £12.50 each. One of the girls drove and so didn't have to pay anything and I think in the future I might do that so I get out of the pressure of chipping in for a bottle of wine if I'm struggling with my budget.

    Right now I have £37.50 left for the month, but I think I have 2 quiet weekends, fingers crossed.

    Oh and I got my money from my friend now all I need is £30 this Thursday and I've got it all.

    Total Debt: £24,359.79 £19,963
    debt reduced by 18%
    Debt free date: May 2019
    • Hiddenidenity
    • By Hiddenidenity 12th Jun 17, 7:50 AM
    • 5,069 Posts
    • 23,324 Thanks
    Hiddenidenity
    Glad you got the money back, sounds like a lovely evening too and £12.50 is well worth the enjoyment imo

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

    Rock bottom became the solid foundation on which I rebuilt my life.
    • mummytogirls
    • By mummytogirls 12th Jun 17, 8:30 PM
    • 5,496 Posts
    • 17,051 Thanks
    mummytogirls
    Absolutely add the spa category into your budget Emmie

    I love a spa day, glad you've had a great weekend though xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
    • emmie26
    • By emmie26 12th Jun 17, 8:43 PM
    • 490 Posts
    • 1,858 Thanks
    emmie26
    Absolutely add the spa category into your budget Emmie

    I love a spa day, glad you've had a great weekend though xx
    Originally posted by mummytogirls
    I so wish I could, but I keep, adding categories by the day at the moment, my outgoings are nearly the same as my income which is just no good. Maybe that will be a long term goal. I'll know I'm winning at life when there is a spa category in my budget

    I've spent £6 in Aldi today just on bread, eggs, crisps and a bar of chocolate. I am going to make some Rice Krispie cakes for lunchbox fillers / desserts with the chocolate.

    My clubcard merlin pass voucher has arrived and my brother in law is going to give me £100 for it when he collects I have been having a little panic about the budget and the fact that I'm going to struggle to pay anything more off the cards than I had budgeted which means my dfd will be 24 months but if I can just think of little money making schemes every month then hopefully it will slowly reduce.

    Total Debt: £24,359.79 £19,963
    debt reduced by 18%
    Debt free date: May 2019
    • Hiddenidenity
    • By Hiddenidenity 12th Jun 17, 8:47 PM
    • 5,069 Posts
    • 23,324 Thanks
    Hiddenidenity
    24 months isn't that far away! Similar to mine, we can still be here in 24 months to celebrate together
    DFW £1388.71/£7348.71 Rent Arrears £511.28/£3381.28

    Rock bottom became the solid foundation on which I rebuilt my life.
    • emmie26
    • By emmie26 12th Jun 17, 9:21 PM
    • 490 Posts
    • 1,858 Thanks
    emmie26
    24 months isn't that far away! Similar to mine, we can still be here in 24 months to celebrate together
    Originally posted by Hiddenidenity
    We can keep each other sane to be honest I think it's proably better to do it slow and steady we've all heard the tortoise and the hare story

    Total Debt: £24,359.79 £19,963
    debt reduced by 18%
    Debt free date: May 2019
    • Treadingonplaymobil
    • By Treadingonplaymobil 13th Jun 17, 5:16 AM
    • 1,014 Posts
    • 9,425 Thanks
    Treadingonplaymobil
    Look on the bright side: my DFD is NINE FREAKING YEARS away . I was here before you, and I'll be here a loooooonnnng time after you
    £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
    • emmie26
    • By emmie26 13th Jun 17, 7:26 PM
    • 490 Posts
    • 1,858 Thanks
    emmie26
    What a flippin day!! Yesterday my DH was supposed to pick my DD up from school but said I might have to get her if he needed to work late because of some big health and safety inspection, in the afternoon I tried calling and texting to see if I needed to pick her up and there was no reply so I assumed that I did and rushed from work to get her, only to find her no where to be seen, I had teachers looking for her but nobody knew where she was. I called home and my DH said he had got her and his phone wasn't working
    Today my DH was picking up except I forgot I'd asked my mum last week to collect her so today my DH has been in school looking for her and my mum had her!! The school must think that we are nuts

    To be honest though this is just a sign of my disorganised life. I work full time in a full on job, so does my DH and then I'm a cub leader in my spare time as well as organising get togethers for friends and it my poor family that get the raw deal. Tonight I was supposed to cook chilli for tea but didn't have half the ingredients, I did cook spaghetti bolognese but im just frustrated with myself. The cupboards, fridge and freezer are literally bare and there is hardly any money left in the food kitty, with more than ten days to go until the budget starts again.

    Sorry for miserable post, I just wish I was a good housewife and more organised

    Total Debt: £24,359.79 £19,963
    debt reduced by 18%
    Debt free date: May 2019
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