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  • FIRST POST
    • emmie26
    • By emmie26 21st May 17, 9:15 PM
    • 423Posts
    • 1,353Thanks
    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 £23,124
    debt reduced by 5%
    Debt free date: May 2019
Page 6
    • Hiddenidenity
    • By Hiddenidenity 18th Jun 17, 10:41 AM
    • 3,759 Posts
    • 14,896 Thanks
    Hiddenidenity
    That needs to be today's mission, operation outside table is in action!
    Originally posted by emmie26
    at this rate it will be operation outside table for next summer

    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
    • BEAT THE DEBT
    • By BEAT THE DEBT 18th Jun 17, 11:17 AM
    • 2,115 Posts
    • 5,109 Thanks
    BEAT THE DEBT
    Well done on keeping to budgets. That's where debt comes from not waiting xx
    Started comping 2nd May 16. Wins so far... May was
    cat wormer ^.^ Rose hamper from m&s. Heal cream. June cool bag. July febreeze win for review Minky £100 ironing bundle. August. Handmade throw fbk.
    Sept,a canvas print and cushion fb. A window cleaner tool fb. Oct: A diamond ring keyring. Nov. Foot care bundle, sonic toothbrush.
    • emmie26
    • By emmie26 19th Jun 17, 9:59 PM
    • 423 Posts
    • 1,353 Thanks
    emmie26
    Well I intended posting yesterday but our wifi was down and didn't fancy typing out on my phone.

    I had a lovely day yesterday, had a very productive day of washing and pegging out, went to see my dad (spent £5 on cards at tesco - I know I'm a fool). We then had my in-laws over and I cooked a Sunday dinner. I properly spoilt my DH, he was hungover from a night out on Saturday night, so he pretty much lay and slept in a hammock in the garden all day. He woke to be fed and speak to his parents and then when they had gone he immediately went back to sleep again. I said he must remember this for when it's Mother's Day, I want to be waited on all day!

    Today we have had piano lessons and I thought I would have to pay this months fees but it turns out they are not due until 3rd July which means I am £68 up this month

    I spent about an hour looking at my excel spreadsheet when I got back trying to work out how much money I need to put into the savings account to cover annual expenses, it is a bit confusing but this is what I have done.

    Car maintenance (£156/£500) -£114
    Insurance (£0/£600) £50
    Tax (£0/£30) £2.50
    School Trips (£0/£240) £20
    Pet costs ( £0/£500) £45.50
    Days out (£0/£300) £25
    Clothes (£0/£900) £75
    Christmas (£0/£600) £50
    Holidays (£273/£3000) £-23.63
    Birthdays (£0/£300) £25
    Instrument (£0/£120) £10

    Total to savings account £168.37

    In the brackets is how much I've spent so far and outside the brackets is how much is in the savings account for each category. In the past I have saved every month but then I get excited that I am flush and end up spending it on fun things (normally a holiday). I am determined to keep a check of how much is in there, it will also help me to see if the amount I've budgeted is enough.

    Today has been a NSD, I'm hoping that the rest of the week is to be honest because I now only have have £6 left to last me the month after I spent £5 on cards and £1 on hairspray. I really need a cheap weekend this weekend.

    Total Debt: £24,359.79 £23,124
    debt reduced by 5%
    Debt free date: May 2019
    • emmie26
    • By emmie26 19th Jun 17, 10:01 PM
    • 423 Posts
    • 1,353 Thanks
    emmie26
    at this rate it will be operation outside table for next summer
    Originally posted by Hiddenidenity
    I've still not got round to eBay, I am hopeless

    Well done on keeping to budgets. That's where debt comes from not waiting xx
    Originally posted by BEAT THE DEBT
    It definitely does, I am soooo impatient but I must learn to wait and budget for things that I want

    Total Debt: £24,359.79 £23,124
    debt reduced by 5%
    Debt free date: May 2019
    • emmie26
    • By emmie26 20th Jun 17, 7:03 PM
    • 423 Posts
    • 1,353 Thanks
    emmie26
    Well today was going to be a NSD but my car needs more diesel, normally £40 lasts the month but in my new job I'm doing loads more miles as I cover the whole county. I will get expenses back but for the first couple of months I'll have to pay it out before I've got the money - boo!

    I've been a busy bee at work today and the mood has carried on when I've got home, I'm just out with DD at the min but when I get back I am getting myself in the garden to do a bit more, the builders are starting the patio tomorrow and I want to make sure I'm all sorted ready for them.

    My updated to do list:

    Clear patio
    Paint pallet furniture
    Paint door of downstairs loo
    Sort out paperwork and filing
    List shoes on Facebook or eBay (I've still no got round to this)
    Go through DC's wardrobes and make list of what clothes are needed for summer hols.
    Get Father's Day treats DH, FIL, Dad - possibly bake cakes
    Close savings accounts (found 2 Britannia books with small amounts in) as I've got a day off in the week this is what I'm doing tomorrow afternoon
    Meal plan for the week and buy essentials
    Weed garden borders - as soon as I get home I'm doing some more of this as well as transferring 2 plants from pots into my border to fill up some of the newly weeded areas.
    Book a days holiday from work for sports day got tomorrow off yay!
    Sort childcare, so we actually know who is picking DD up

    5 more days until payday, it has been a loooong month, I think because we went away right at the start it makes it harder to keep to the budget. I'm looking forward to updating my debt figures

    Total Debt: £24,359.79 £23,124
    debt reduced by 5%
    Debt free date: May 2019
    • mummytogirls
    • By mummytogirls 20th Jun 17, 9:19 PM
    • 5,211 Posts
    • 15,272 Thanks
    mummytogirls
    Yay I love it when you get in busy bee mode Emmie

    I agree re payday, mine is 5 days away too and feels like forever ago since we last got paid xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £7586.76 - 31/05/17 - 67.25% paid off
    • emmie26
    • By emmie26 21st Jun 17, 6:36 AM
    • 423 Posts
    • 1,353 Thanks
    emmie26
    Well it's my day off and I've been up earlier than a work day
    I'm going to get up and sorted ready for the builders to arrive - I'm excited!
    Just going to put a bit of make up on and then pancakes for brekkie.

    Total Debt: £24,359.79 £23,124
    debt reduced by 5%
    Debt free date: May 2019
    • Bobarella
    • By Bobarella 21st Jun 17, 8:59 AM
    • 10,568 Posts
    • 68,975 Thanks
    Bobarella
    Hope you enjoy your day off Emmie. Nice you have the unexpected piano money as well.
    " 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
    • Hiddenidenity
    • By Hiddenidenity 21st Jun 17, 9:08 AM
    • 3,759 Posts
    • 14,896 Thanks
    Hiddenidenity
    Happy day off Enjoy the sun... list on ebay so you'll be enjoying the sun with a nice shiny new table soon

    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
    • emmie26
    • By emmie26 24th Jun 17, 11:16 AM
    • 423 Posts
    • 1,353 Thanks
    emmie26
    Gosh can't believe I haven't posted since Wednesday!
    Sports day was lovely, I spent £2 on a coffee and a scone but it was for pta funds so all good. I came last in the egg and spoon race, I felt I had a really bouncy egg and it kept bouncing off my spoon
    I didn't get chance to go into town because the builders were around and I have been pretty much backwards and forwards to the house even on my days in work because I want to make sure there are no problems, up to yet I've caught them just as they were about to rip out my neighbours wall I'd explained everything I wanted to one guy and then he has sent two other people so some things have been lost in communication.

    Money wise I have finally got all my owed money yay! £198 is in my sweaty paws ready for my outside table. £68 piano money, £30 owed money and £100 from BIL for merlin pass. Only £101 to find. should get it just in time for the patio being finished.

    I am patiently waiting for Monday and trying not to spend much money this weekend, I think the plan is for a picnic today, my DH has found a lovely nature area while he has been cycling to work and he thinks our DD will love it so we are off there in a minute. Tomorrow we are going to make the most of our Merlin passes with a day at Alton Towers and take picnic and snacks etc.
    My dad is coming over tonight, we did say we'd get a takeaway but I think we are going to make a Thai curry and save some pennies.

    Happy weekend everyone

    Total Debt: £24,359.79 £23,124
    debt reduced by 5%
    Debt free date: May 2019
    • Hiddenidenity
    • By Hiddenidenity 24th Jun 17, 11:39 AM
    • 3,759 Posts
    • 14,896 Thanks
    Hiddenidenity
    Sounds like a lovely weekend planned!

    Have a nice 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
    • emmie26
    • By emmie26 24th Jun 17, 4:39 PM
    • 423 Posts
    • 1,353 Thanks
    emmie26
    Popped into town and closed the 2 dormant savings accounts and we had a grand total of £168 in the two, so that means yay - new table

    The shopping budget has finally been renewed as my DH got paid on Friday, so today I have been and stocked up. £54 at Aldi, £55 at tesco and £25 at the butchers, I'm hoping I've stocked up enough that we have enough toiletries and cupboard essentials to last the month, so we should only need fruit, veg etc week by week. I didn't get biscuits and crisps for the month just a couple of packets because I think if the cupboard was full we would eat more.

    As I'm pretty adamant that I won't spend any more money between now and Monday (famous last words) I am off to quickly work out my total debt repayments for the month so that I can post them tomorrow and then I'm off to make a fish paella for dinner, my dad should be here shortly

    Total Debt: £24,359.79 £23,124
    debt reduced by 5%
    Debt free date: May 2019
    • in need of direction
    • By in need of direction 24th Jun 17, 10:10 PM
    • 4,420 Posts
    • 24,702 Thanks
    in need of direction
    Can you go through a cashback site for the table?
    Mortgage at 01.01.14 £119,481.83 today £81,750.18, target £75,000 by 31/12/17 Offset fund today £3,975.43 target £5,500 by 31/12/17
    Emergency fund £5.5k & £200 cash.
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • Hiddenidenity
    • By Hiddenidenity 24th Jun 17, 10:37 PM
    • 3,759 Posts
    • 14,896 Thanks
    Hiddenidenity
    Yay to new table

    Cough.. Ebay

    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
    • mummytogirls
    • By mummytogirls 25th Jun 17, 10:43 AM
    • 5,211 Posts
    • 15,272 Thanks
    mummytogirls
    Yay to having £168 in the dormant accounts thats fab xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £7586.76 - 31/05/17 - 67.25% paid off
    • emmie26
    • By emmie26 25th Jun 17, 5:30 PM
    • 423 Posts
    • 1,353 Thanks
    emmie26
    Debt Busting Month 1 Summary

    Car loan : £15,244 £14,913
    Credit card 1: £4,625 £4,475
    Credit Card 2: £2,700 £2,550
    Credit card 3: £694 £203
    Kitchen Loan: £1091 £983

    Total: £24,359 £23,124

    Total repaid: £1,235

    I am really happy with this for the first month. I have really reduced credit card 3 and hope to wipe this out completely next month.

    I don't think I will be able to do this amount every month but I am going to aim for £1000 a month if possible, but I also want to make sure I am putting some into the savings accounts to cover expenses like Christmas etc.

    Right then month 2, I'm ready for you!!

    Total Debt: £24,359.79 £23,124
    debt reduced by 5%
    Debt free date: May 2019
    • Hiddenidenity
    • By Hiddenidenity 25th Jun 17, 5:37 PM
    • 3,759 Posts
    • 14,896 Thanks
    Hiddenidenity
    Hope there's a drink in there to celebrate! That's an amazing amount to have paid off in the first month and a new table

    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
    • emmie26
    • By emmie26 25th Jun 17, 5:40 PM
    • 423 Posts
    • 1,353 Thanks
    emmie26
    Thank you I may have a little tipple to celebrate tonight

    Total Debt: £24,359.79 £23,124
    debt reduced by 5%
    Debt free date: May 2019
    • jelly head
    • By jelly head 25th Jun 17, 7:16 PM
    • 19 Posts
    • 71 Thanks
    jelly head
    Wow, I hope you don't mind me popping in and saying so. That is an incredible amount to get rid of in the first month. I am hoping to be able to get rid of the debt like you have. You should be very pleased with yourself. Well done Emmie26
    • emmie26
    • By emmie26 25th Jun 17, 8:43 PM
    • 423 Posts
    • 1,353 Thanks
    emmie26
    Wow, I hope you don't mind me popping in and saying so. That is an incredible amount to get rid of in the first month. I am hoping to be able to get rid of the debt like you have. You should be very pleased with yourself. Well done Emmie26
    Originally posted by jelly head
    I've just popped over to look at your diary and you seem in a similar position to us, mindlessly spending and then suddenly realise there is more going out than coming in most months. To be honest I think my spending really was mindless because I haven't noticed massively that we are being deprived and we have even been on holiday this month .

    Today we have been to Alton towers and spent a grand total of £3.50 on a refillable drink cup. It was £1.99 and then will be 75p everytime it's filled. I'm going to get a flask for coffees as they've stopped doing a refillable coffee cup. We all really wanted some of the fresh donuts but they were £5.75 for 5 needless to say we didn't have any, next time we are going I'm going to get 5 for £1 from Tesco and take them with us.
    We were shattered when we got back from Alton towers but I've got loads of boring housework to do so no rest yet

    Total Debt: £24,359.79 £23,124
    debt reduced by 5%
    Debt free date: May 2019
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