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  • FIRST POST
    • emmie26
    • By emmie26 21st May 17, 9:15 PM
    • 482Posts
    • 1,775Thanks
    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 £22,182
    debt reduced by 9%
    Debt free date: May 2019
Page 9
    • Hiddenidenity
    • By Hiddenidenity 16th Jul 17, 11:25 AM
    • 4,745 Posts
    • 20,657 Thanks
    Hiddenidenity
    I find weekly so much easier, it doesn't feel so long until the budget is topped up again
    DFW £1313.71/£7348.71 Rent Arrears £466.28/£3381.28

    Rock bottom became the solid foundation on which I rebuilt my life.
    • mummytogirls
    • By mummytogirls 16th Jul 17, 3:42 PM
    • 5,418 Posts
    • 16,517 Thanks
    mummytogirls
    Hope you guys are feeling a bit brighter now Emmie

    I did have to laugh at you trying to squeeze a week away in Wales before you 2 weeks away... If you come up with some solution re buying things to make yourself happy then please do share! xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
    • Chandelier.
    • By Chandelier. 16th Jul 17, 4:26 PM
    • 492 Posts
    • 1,338 Thanks
    Chandelier.
    Hope both you and your OH are feeling a bit better now.

    As previous poster said, at least you have used money in pots rather then using cards or other options. And it's nice to see your debt go down whilst still continuing to do this
    Check out my Diary
    • emmie26
    • By emmie26 16th Jul 17, 8:44 PM
    • 482 Posts
    • 1,775 Thanks
    emmie26
    Thanks HI - I'm thinking of trying the weekly budgets in a few areas, for example my spending money for the month, I seem to just fritter it on bits of crap I may give myself a smaller budget but divide it weekly to see if I can make it last, it will be a good challenge!

    M2G - I am a nightmare - I think I am having some sort of internal battle at the moment, I've been online clothes shopping, motor home shopping and of course holiday shopping. I never get to the actual purchase point but what a bloody waste of time

    Chandelier - you are right thanks, the pots are for budgeted items but because I put it in the savings account I'm psychologically thinking I'm spending my savings rather than using my budget. I'll have to get my head around that a bit more.

    Total Debt: £24,359.79 £22,182
    debt reduced by 9%
    Debt free date: May 2019
    • emmie26
    • By emmie26 17th Jul 17, 6:07 PM
    • 482 Posts
    • 1,775 Thanks
    emmie26
    Well pretty productive afternoon today. I have finally got round to making a list of everything I need for our holiday. My DD could get away with having absolutely nothing as I think I may have been a bit crazy in the past and she has loads of clothes. She has asked for a new costume because she has used it all year round so I think this is all I'm going to get for her. She also only needs skirts and blouses for school in September.
    My DS needs a load of shorts for holiday. I just brought him a couple of pairs but he left them at the school residential grrrr! I have been onto sports direct and think I can get him knitted out for £20. For school he needs trousers (specific/expensive pair) only. I am only going to replace the other bits as and when he needs it through the year.
    They both need new school shoes.
    I'm going to get lilo/rubber rings and take them with us as this will be cheaper, also a beach towel, we have 3 but have lost the 4th.
    I'm pleasantly surprised because I thought that we would need more (and would normally have just done a big next order without thinking) I think I should be able to get all the clothes and school stuff with the £70 left in the clothes budget. Maybe shoes will have to come out of next months clothes budget.
    By Christmas the clothes budget should have built up to £200 if I don't need to buy anything else which means I could use it to add to their pressies, my DD loves clothes and my DS loves trainers
    As for myself I haven't got round to that yet, I should have £70 in my budget by the end of the month, I hate clothes shopping though so will only go if I must. That is one area I definitely do not overspend!

    Total Debt: £24,359.79 £22,182
    debt reduced by 9%
    Debt free date: May 2019
    • emmie26
    • By emmie26 18th Jul 17, 9:16 PM
    • 482 Posts
    • 1,775 Thanks
    emmie26
    Well another productive if not a little costly afternoon.


    I have booked and paid for the taxis to and from the airport which was £86, online order from sports direct for £35 although will get a £5 voucher to spend in store. Also brought lilos and rubber rings for holiday from ebay, they are always loads cheaper here than when we are on holiday.


    I still need to get the school uniforms sorted and order the Euros that we need although we are going all inclusive so it shouldn't cost us too much although the 2nd week we are there we are meeting up with relatives who have a villa out there and we do want to show the children some of the culture of the island so will spend a little although hoping for around £250 maximum.


    Enjoyed another really sunny day here its been fab, I finished work early and decided to do a bit at home instead, as it is so much nicer to sit in the sun writing reports than to sit in my dull and gloomy air conditioned office. However tomorrow I do need to spend most of the day in the office boo!!


    Tomorrow we are trialing giving the children soup and bread for dinner, I'm hoping it goes down well as this is our way of trying to not only cut our meat intake but also to cut our spending, one night a week we intend on making different soup batches that will do for dinner for us all and then lunch the following day for me and DH. Tomorrow is Leek and Potato. The only issue is that my mum is over for tea tomorrow so I'm going to have to ask her to bring her own bread over as she is coeliac. We do end up feeding lots of people at our house, tonight it was step mum over for tea, tomorrow will be mum and then no doubt there will be other peoples children later in the week.


    On an unrelated note I have been invited out twice this weekend, Friday the girls form work are going for a curry, it is really close to home and its somewhere you can take your own drink so hopefully won't cost me too much, on Saturday some old school friends have invited me out for cocktails and dinner, I am going to try and keep cost down by saying I am driving because I don't want to not go, as I haven't seen them in ages, but I also don't want to go over budget as this is the last weekend before pay day so I was hoping to make an overpayment on one of the debts to make sure I get a good debt reduction again.


    Right off to prep the soup and then another early night I hope. I had some crazy dreams last night and didn't sleep great.

    Total Debt: £24,359.79 £22,182
    debt reduced by 9%
    Debt free date: May 2019
    • emmie26
    • By emmie26 21st Jul 17, 6:34 AM
    • 482 Posts
    • 1,775 Thanks
    emmie26
    Happy Friday!!!

    Other than holiday expenses we are having a relatively cheap week. The cupboards are bare as it is nearly payday. The soup was a hit with one child but not with the other, next week I'm going to try tomato soup, maybe leek and potato was a step too far. Last night we had frittata for one child and pasta for the other and both went down well. I just need to incorporate a couple of cheap days a week and then hopefully the shopping budget will last us.

    The car insurance renewal has come through for one of the cars and I am really loving the budget because I already have it in the savings account I have come to terms with spending it now. I think realistically the individual pots aren't filling up to reach the right amount, but if I just think we are saving £610 a month for these sorts of things and as long as we keep to the budgets we should be fine. My DH is very impressed that I aren't asking him for extra money when bills come through because it's already saved and he is really on board with the money saving now (I think it's because he has no money in his account).
    I am looking forward to doing my sums in the next few days to see how much I have brought the debt down and how much money we have for next month to get what we need/want.
    Main thing over the next two days is that I try not to overspend on my 2 meals out.

    Total Debt: £24,359.79 £22,182
    debt reduced by 9%
    Debt free date: May 2019
    • Hiddenidenity
    • By Hiddenidenity 21st Jul 17, 7:50 AM
    • 4,745 Posts
    • 20,657 Thanks
    Hiddenidenity
    Make sure you look around for quotes for insurance and check cashback sites

    Glad to hear everythings going well, have a lovely day x
    DFW £1313.71/£7348.71 Rent Arrears £466.28/£3381.28

    Rock bottom became the solid foundation on which I rebuilt my life.
    • clearmydebts
    • By clearmydebts 21st Jul 17, 10:51 AM
    • 6,074 Posts
    • 17,545 Thanks
    clearmydebts
    All sounds very positive and organised! My cupboards are bare too! Payday for DH next Tuesday I literally can't wait!
    Total debt (starting September 2016): €22,896/€27,000
    BOI credit card: €6,000/€7,000
    Loan:€16,896/
    Savings: €600
    • emmie26
    • By emmie26 21st Jul 17, 6:13 PM
    • 482 Posts
    • 1,775 Thanks
    emmie26
    Cash back is a great idea HI, do I just find the cheapest quote I can and then try and go through a cash back site? Or do you search on the cash back sites? I've always been keen to try but just end up using compare the market or moneysupermarket.

    I really wish I was organised CMD today has been a bit of an embarrassment really. Last night I borrowed DH's car and when I was driving home a parent from cubs phoned with a problem, so I was a little distracted. This morning at 5.30am he woke me with a start saying he couldn't find the keys. We were turning the house upside down before he gave up and grabbed the spare set. When he went outside I had left them in the ignition all night he was not best pleased!

    Then to top it all I grounded my son this morning because he lost his bank card and then at lunchtime found it in my purse I was tempted to just go and hide it in his room and then miraculously find it, but I felt too bad, so I had to grovel on my knees to him. Luckily he is a lovely boy and said I owed him one, even though he had missed a cinema trip with all his friends

    So I am definitely more Bridget Jones than Anthea Turner, I do strive to be a good housewife/mum but it turns out I am just not good at juggling

    Just done some final sums and I have £50 For my 2 nights out, I'm thinking I may have to drive tonight or tomorrow night because £50 is not going to get me very far if I am drinking.

    Total Debt: £24,359.79 £22,182
    debt reduced by 9%
    Debt free date: May 2019
    • Robf
    • By Robf 21st Jul 17, 6:40 PM
    • 2 Posts
    • 2 Thanks
    Robf
    Consider eBay for cloths?
    My wife has adopted the habit of buying and reselling clothing on eBay.

    Dresses, she buys beautiful dresses that she will wear two or three times before re-listing on eBay. Trousers, shirts, belts etc, she finds great deals on. These items are not re-sold but worn until thrown.

    We are saving a lot of money using her system and she always has the most beautiful dresses.

    Something to consider so you and your hubby dont have to go without.

    Best of luck on your journey.
    • Hiddenidenity
    • By Hiddenidenity 21st Jul 17, 6:46 PM
    • 4,745 Posts
    • 20,657 Thanks
    Hiddenidenity
    I'm really not the best but I think, use a comparison site to see who's cheapest then see if they are on the cashback site themselves and what it pays, if not/if they are see what the cash back for using the comparison site is and go with which ever works out best

    I'm sure there's a board for cashback/switching insurances etc and how to get the best, I know there's a guide on the main site written by Martin
    DFW £1313.71/£7348.71 Rent Arrears £466.28/£3381.28

    Rock bottom became the solid foundation on which I rebuilt my life.
    • in need of direction
    • By in need of direction 21st Jul 17, 9:15 PM
    • 4,573 Posts
    • 25,623 Thanks
    in need of direction
    You can sometimes get small amounts just for doing the search on the cash back sites.
    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.
    Current weight loss 1/34 by 28 feb 2018
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • emmie26
    • By emmie26 21st Jul 17, 10:16 PM
    • 482 Posts
    • 1,775 Thanks
    emmie26
    I really need to get into eBay robf, I don't know why but I just hate the thought of the posting and the feedback etc, I should think of it as a 2nd job and get motivated!

    Thanks HI and INOD I will have a good research on the main site and see what's the best way. I have budgeted £300 so if I could get it a bit lower than that I'll be chuffed.

    I'm back from first night out which was a surprisingly good night. They are all my new work friends and I was a bit worried the conversation wouldn't flow but it was fab, there were some properly filthy conversations which were hilarious.
    I drove and spent £13 on the meal £1 on parking and £5 on a bottle of wine, I had a small glass there and brought the rest home. Just having a 2nd small glass now.

    I have looked at the menu of where we are going tomorrow and as we are eating early we should be able to have 2 courses for £12.50 and cocktails are 2 for 1 so will be about £4 each. I have a lift there and back so hopefully, fingers crossed, might be able to keep the cost below £30.

    Total Debt: £24,359.79 £22,182
    debt reduced by 9%
    Debt free date: May 2019
    • louby40
    • By louby40 22nd Jul 17, 7:50 AM
    • 1,080 Posts
    • 3,001 Thanks
    louby40
    I don't sell stuff on eBay anymore, the charges + PayPal charges soon mount up and you lose a big chunk of cash.

    I use local Facebook selling sites and Gumtree - buyer collects, or I've even delivered for an extra couple of quid. I've sold a tumble dryer, table and chairs and other bits. It's a no brainier.
    Parent loan PAID IN FULL Sealed Pot Challenge 10 #572
    Emergency fund £500/£1000. Christmas savings £400/£600
    Kitchen July £12,493 SEPT £11,493. 12% paid off
    Barclaycard £442
    Car loan £3278 Mortgage £96,197
    • emmie26
    • By emmie26 22nd Jul 17, 10:59 AM
    • 482 Posts
    • 1,775 Thanks
    emmie26
    Louby40 I am tempted by Facebook local selling page, I just need to pull my finger out and do it.

    This morning DH has taken the children out, so I have been reading martins pearls of wisdom, firstly I've applied for a new credit card however in my defence Martin said it is the cheapest way to get money abroad I don't know if I've been accepted yet but hopefully it will be a bit safer instead of taking euros with us we can use the card for purchases and draw cash out and there is no transaction fee plus the best exchange rate.

    I've also been on the price comparison sites, to check my insurance, but shock horror my renewal premium is £100 cheaper than any of the prices on 2 sites. So looks like it will be simple, I may still see if I can have a little haggle, but it's only £38 more than I had budgeted so if I can get the other car for £38 under budget it may work out.

    I am still in my pjs after my mse morning, I'm going to finish my coffee and then be a complete saddo and put my timer on and do a fly lady clean of the house while DH and the children are out (I normally make them all join in) but as I'm getting a lift from my DH to my cocktail afternoon I reckon I owe him one.

    Total Debt: £24,359.79 £22,182
    debt reduced by 9%
    Debt free date: May 2019
    • Hiddenidenity
    • By Hiddenidenity 23rd Jul 17, 8:15 PM
    • 4,745 Posts
    • 20,657 Thanks
    Hiddenidenity
    Always worth a phonecall

    Hope you've had a lovely day x
    DFW £1313.71/£7348.71 Rent Arrears £466.28/£3381.28

    Rock bottom became the solid foundation on which I rebuilt my life.
    • emmie26
    • By emmie26 23rd Jul 17, 11:38 PM
    • 482 Posts
    • 1,775 Thanks
    emmie26
    Really shouldn't be doing my spreadsheets at 11pm but just thought I'd input a couple of spends and 30 mins later I have allocated all of this months wages before I've even got paid and realised I have about £60 to last me next month that is going to be impossible in the holidays.
    I have got to pay:
    Professional registration for the year £120
    Car insurance £338
    Speed awareness course £80 (a vast improvement on the £200+ I thought before)
    Kids school uniform/ shoes/trainers £160 (damn their growing feet)

    Gutted is an understatement.
    It's months like this I just hope I can stay on track.

    Today I went to get my daughter some new trainers, as her current ones are hurting her. She has only gone and grown another shoe size! She is now a 6, the same size as me, I definitely think puberty is hitting. Size 6 means she has to have ladies trainers, with ladies prices £36 were the cheapest ones we could agree on. While we were there I thought I would get my son his school shoes for September and, you guessed it, he has grown another size and is now a 7, so men's shoes and trainers with men's prices he had a pair of school shoes and a pair of trainers for £60. So a cool £96 out of the kids clothes budget without any uniform!

    On a brighter note last night was great, it was fab to see my friends and we had such a good time with lots of cocktails, I think I stayed within budget although by the end of the night it was all a bit of a blur I may have gone £5 over, but I'm still chuffed with that.

    Hope everyone else has had a good weekend and are looking forward to the summer holidays, my poor DD still has this week in school, it seemed like she was the only child in England packing her school bag tonight.

    Total Debt: £24,359.79 £22,182
    debt reduced by 9%
    Debt free date: May 2019
    • emmie26
    • By emmie26 24th Jul 17, 7:30 AM
    • 482 Posts
    • 1,775 Thanks
    emmie26
    Note to self - don't sit up until midnight doing sums and spreadsheets and then expect to fall into a calm, relaxed sleep. Today is going to be a long day. #knackered!

    Total Debt: £24,359.79 £22,182
    debt reduced by 9%
    Debt free date: May 2019
    • Hiddenidenity
    • By Hiddenidenity 24th Jul 17, 7:57 AM
    • 4,745 Posts
    • 20,657 Thanks
    Hiddenidenity
    Oh dear, I feel similar this morning I was up way too late!

    Hope the day goes quick and you get some time to relax x
    DFW £1313.71/£7348.71 Rent Arrears £466.28/£3381.28

    Rock bottom became the solid foundation on which I rebuilt my life.
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