Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Mummy_bear
    • By Mummy_bear 4th Jun 17, 9:02 AM
    • 239Posts
    • 929Thanks
    Mummy_bear
    On a Mission
    • #1
    • 4th Jun 17, 9:02 AM
    On a Mission 4th Jun 17 at 9:02 AM
    So this is me holding myself accountable, publicly, albeit anonymously, for my spending.


    To be fair I'm not so bad, sort of, ish.


    DH on the other hand has issues!!


    Why am I doing a Diary? Well it all came to a head when DH spent his entire wage (£1500) within a week of being paid. Of course a portion of this went to bills etc. But equally a lot was wasted on games for his playstation.


    It's frustrating because between us we bring in over £3k a month and literally have nothing at the end of it. I'm sick of it.


    So I've took on this challenge. I will do my utmost to rein DH in and fully intend to get us out of this debt.


    My intention is to tackle the different debt one at time.


    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


    I'm going to list our current debt.... GULP


    Outstanding on Mortgage - £84451
    Credit Card 1 - £2803.37 - interest free for 2 yrs
    Credit Card 2 - £1490 - interest free for 2 yrs
    Hitachi finance (for new Boiler) £3093 (includes interest)
    Littlewoods £518 (includes interest)
    Next £444
    Newlook (DH has no idea about this eeek) £130
    Loan 1 - £10865
    Loan 2 - £5964
    My overdraft currently stands at £150
    Dh's overdraft £700


    DH got a loan out last October - not sure what is outstanding on that so I'll have to update on that later.
    I do know that it's £155.12 a month payment.


    DH also has finance on a bicycle - again I need to get the outstanding on that
    Finance for a new TV - he got this against my advice - total amount was £899 - obtained earlier this yr - need the outstanding


    AND - he's recently took up a hobby that's resulted in the purchase, finance, for some items - again need to total figure on that one.


    See - he likes to buy things


    Without knowing DH's total outstanding I've totted up known figures.
    So including the mortgage we owe at least £110,608.37





    I also have a student loan that's £150 out of my wage every month. I believe I'm due my yearly statement this month so I can see what is outstanding hopefully. With 2 lots of Mat leave in the last 5 years it's taken longer to pay off. I'm hoping that I'm nearing the end though as that would be a huge help once gone.


    I do have some good habits!


    I overpay on our Mortgage. I think it's a monthly overpayment of around £120. I'll have to double check. Been doing that for years although previously the overpayments were more I the region of £75.


    I think initially I will concentrate efforts on overpaying the Hitachi finance and the Littlewoods account. Luckily with the Littlewoods account that is a buy now pay later (expires Jan) and I'm well on course to pay that off in time.


    With the Hitachi finance I currently pay just under £72 a month. I was the shittiest deal ever. However, it was Dec 2012. Our ancient boiler died. I was on mat leave. We needed a new boiler and in desperation took up the worst ever deal from British Gas. Ugh - shameful. I then just let it run it's course. I don't have figures at hand but I believe it was an 8 year deal and a disgusting interest rate.
    I logged into the account yesterday and found that it ends in Dec 2020. If I make just £18 a month overpayment it could end in Jan 2020!! I'm unbelievable peeved at myself for not concentrating on getting rid of this sooner. So that is my main goal!


    I aim to update at least once a week.


    By for now
    Last edited by Mummy_bear; 04-06-2017 at 9:05 AM.
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £37139.86
    £5527.67/£37139.86 14.88% paid
    Estimated DFD JUNE 2020 (calculated July 2017)
    Debt Free by Christmas Challenge
    Total cleared £3150.63/£9091.72 34.65% paid
Page 3
    • Mummy_bear
    • By Mummy_bear 11th Jul 17, 8:50 PM
    • 239 Posts
    • 929 Thanks
    Mummy_bear
    You have made great progress so far, one thing I would say is have you used a snowball calculator to work out your debt free date? I only ask as if I divide my debt by my minimum payments it says i will be debt free in 24 months but a snowball calculator will work out including the interest so for me its more like 32 months Not trying to discourage but instead encourage to smash it even more!
    Originally posted by TeaRex
    Thanks for stopping by.

    Most things are on 0% interest such as the credit cards. Those that aren't have the interest already calculated into the payments.. e.g. the loans or the fixed finance deals such as the TV and so overpayments should hopefully reduce amount owed.

    The main thing that does have interest accumulating is my NEXT account. And so I'm looking to get that cleared asap so that I can shift that payment into the next thing

    MB
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £37139.86
    £5527.67/£37139.86 14.88% paid
    Estimated DFD JUNE 2020 (calculated July 2017)
    Debt Free by Christmas Challenge
    Total cleared £3150.63/£9091.72 34.65% paid
    • Mummy_bear
    • By Mummy_bear 13th Jul 17, 3:49 PM
    • 239 Posts
    • 929 Thanks
    Mummy_bear
    I get paid tomorrow woohoo

    Get to pay a few debts.

    Just done another money transfer on the MBNA card to pay off DH interest accruing credit card. Will also pay off Littlewoods so that I don't pay any interest on that.

    Watched a few clips of David Ramsey on YouTube. Confirmed my debt tackling method re. Snowballing. I'm tackling debt accruing interest first which just so happens to be the smaller debt amounts.

    Need to think about an emergency fund. I made a start but only have £20 in there. Whenever I get spare cash I'm going to split it between debt payment and emergency fund savings.
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £37139.86
    £5527.67/£37139.86 14.88% paid
    Estimated DFD JUNE 2020 (calculated July 2017)
    Debt Free by Christmas Challenge
    Total cleared £3150.63/£9091.72 34.65% paid
    • Mummy_bear
    • By Mummy_bear 13th Jul 17, 4:00 PM
    • 239 Posts
    • 929 Thanks
    Mummy_bear
    A little update as promised documenting a recent payment


    As of 9th July 2017

    Lloyds CC £1443.20
    Next £415.85
    MBNA CC £2471.76
    Barclaycard CC £2720
    Littlewoods £273.29
    My overdraft £126.65
    Tesco Loan £10,438.96
    Santander Loan £5720.55
    DH overdraft £700
    TV -DH purchase £726 *
    M&S Loan £8220.88*
    Bicycle finance £187.5*
    DH CC £1010.49
    Other £600* paid off £28.11

    *(not strictly accurate, will update once I have accurate figures)

    Total paid since 9th July £28.11
    MB
    Originally posted by Mummy_bear
    This makes it easier for me to see how things are going

    Will adjust the list when the money transfer has cleared and I pay off Littlewoods and DH credit card.

    MB
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £37139.86
    £5527.67/£37139.86 14.88% paid
    Estimated DFD JUNE 2020 (calculated July 2017)
    Debt Free by Christmas Challenge
    Total cleared £3150.63/£9091.72 34.65% paid
    • Mummy_bear
    • By Mummy_bear 13th Jul 17, 7:56 PM
    • 239 Posts
    • 929 Thanks
    Mummy_bear
    As of 9th July 2017

    Lloyds CC £1443.20
    Next £415.85£11 paid
    MBNA CC £2471.76
    Barclaycard CC £2720
    Littlewoods £273.29
    My overdraft £126.65
    Tesco Loan £10,438.96
    Santander Loan £5720.55
    DH overdraft £700
    TV -DH purchase £726 *
    M&S Loan £8220.88*
    Bicycle finance £187.5*
    DH CC £1010.49
    Other £600*£28.11 paid

    *(not strictly accurate, will update once I have accurate figures)
    Total paid sInce 9th July £39.11.

    MB
    Originally posted by Mummy_bear
    Checked my bank account and had £11 left before payday tomorrow. Paid that towards NEXT account. Never would've done that before my LBM
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £37139.86
    £5527.67/£37139.86 14.88% paid
    Estimated DFD JUNE 2020 (calculated July 2017)
    Debt Free by Christmas Challenge
    Total cleared £3150.63/£9091.72 34.65% paid
    • Mummy_bear
    • By Mummy_bear 14th Jul 17, 11:02 AM
    • 239 Posts
    • 929 Thanks
    Mummy_bear
    New balance's as of 14th July 2017

    Lloyds CC £1443.20
    Next £314.85 £101 paid so far in July
    MBNA CC £2471.76 + £1235.88
    Barclaycard CC £2720
    Littlewoods £0 Paid off in full in July- £273.29 gone
    My overdraft £112.65 £14 paid towards OD
    Tesco Loan £10,438.96
    Santander Loan £5720.55
    DH overdraft £700
    TV -DH purchase £703.90 £22.10 paid
    M&S Loan £8220.88*
    Bicycle finance £187.5*
    DH CC £0
    Cleared by money transfer

    Other £571.89* £28.11 paid

    *(not strictly accurate, will update once I have accurate figures)

    Total Debt as of July 9th - £35055.74
    Total debt as of July 14th - £34842.02

    Total cleared since 9th July - £213.72



    Very happy with that so far. Money transfer has also been completed so I've removed DH's CC and added the money transfer amount to the MBNA CC

    Cleared the balance on the Littlewoods account too

    Loan payments will come out Monday and just need to wait for when CC payments are due to pay them.

    Coming along nicely

    MB
    Last edited by Mummy_bear; 14-07-2017 at 11:12 AM.
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £37139.86
    £5527.67/£37139.86 14.88% paid
    Estimated DFD JUNE 2020 (calculated July 2017)
    Debt Free by Christmas Challenge
    Total cleared £3150.63/£9091.72 34.65% paid
    • jelly head
    • By jelly head 14th Jul 17, 4:27 PM
    • 19 Posts
    • 74 Thanks
    jelly head
    Well done Mummy Bear, you are making progress.
    • Savertobe
    • By Savertobe 14th Jul 17, 4:41 PM
    • 26 Posts
    • 163 Thanks
    Savertobe
    Good luck it will be worth it.

    Funny how women tend to get the blame for being big spenders in my experience it is at least as common for men to be big spenders. Having got to end of bringing up children I now see why it is important to be careful as this stage - university, grandchildren, travelling overseas to visit etc costs a lot.
    • Mummy_bear
    • By Mummy_bear 17th Jul 17, 8:11 AM
    • 239 Posts
    • 929 Thanks
    Mummy_bear
    New balance's as of 17th July 2017

    Lloyds CC £1443.20
    Next £314.85
    MBNA CC £3707.64
    Barclaycard CC £2720
    My overdraft £112.65
    Tesco Loan £10,225.92£213.04 paid
    Santander Loan £5565.11£155.45 paid
    DH overdraft £700
    TV -DH purchase £703.90
    M&S Loan £8220.88*
    Bicycle finance £187.5*
    Other £571.89*

    *(not strictly accurate, will update once I have accurate figures)

    Total Debt as of July 9th - £35055.74
    Total debt as of July 14th - £34842.02
    Total debt as of July 17th -£34473.53

    Total cleared since 9th July - £582.21


    ~~~~~~~~~~~~~~~~~~~~~~

    Tried to do a couple of surveys last night. Screened out of most so only earned £1.25. Going to keep my tablet charged and make it a before bed ritual to get some done.

    ~~~~~~~~~~~~~~~~~~~~~~

    Made enquiries on Saturday to book a slot for the car boot at the end of the month, the person I spoke to see,med to think it was fully booked. Gutted if it is. Need to make a phone call today. I have loads of items to sell and hate all the fees Ebay brings with it. Also Facebook selling doesn't appeal to me for some reason.


    ~~~~~~~~~~~~~~~~~~~~~

    Becoming a tad obsessed with reading everyone's DFW diaries. .. I may not post on them often but I'm reading them A LOT. keeps me motivated. Thank you

    MB
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £37139.86
    £5527.67/£37139.86 14.88% paid
    Estimated DFD JUNE 2020 (calculated July 2017)
    Debt Free by Christmas Challenge
    Total cleared £3150.63/£9091.72 34.65% paid
    • Mummy_bear
    • By Mummy_bear 17th Jul 17, 10:44 AM
    • 239 Posts
    • 929 Thanks
    Mummy_bear
    Quick update.

    Another little payment made towards the Next account. £2.30.

    I usually pay for parking on a Monday at £4.60. Managed to find a free parking space. I've therefore split this saving. Half to a debt and half to my emergency fund. will provide a fuller update later and update signature too.


    MB
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £37139.86
    £5527.67/£37139.86 14.88% paid
    Estimated DFD JUNE 2020 (calculated July 2017)
    Debt Free by Christmas Challenge
    Total cleared £3150.63/£9091.72 34.65% paid
    • Mummy_bear
    • By Mummy_bear 17th Jul 17, 8:45 PM
    • 239 Posts
    • 929 Thanks
    Mummy_bear
    one step forward, 10 back
    Evening,

    Well all the positivity had to come to end at some point.

    DH car is definitely not right. He reckons it's gonna cost in the region of £600 to fix. It needs doing ASAP. Can't not do it, he needs it for work. The alternative to get to work was his motorbike. Which was stolen about 6 weeks ago. No substantial amount in the emergency fund. So it's the dreaded CC which will have to pay. Could cry.

    The insurance company for the motorbike are dragging their heels on paying out and asking all manner of irrelevant information. However that's potentially £3000 if paid out. I'm working on the assumption that won't be coming any time soon though

    Had to bite my tongue with DH as had he not wasted £100s in recent weeks we'd actually have the funds to sort it out. His face today showed me that he realises this and I'm satisfied he's had his LBM

    MB
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £37139.86
    £5527.67/£37139.86 14.88% paid
    Estimated DFD JUNE 2020 (calculated July 2017)
    Debt Free by Christmas Challenge
    Total cleared £3150.63/£9091.72 34.65% paid
    • Lucylocks
    • By Lucylocks 17th Jul 17, 9:24 PM
    • 92 Posts
    • 214 Thanks
    Lucylocks
    Nightmare! Cars are a total pain; can live with them, can't live without. Keeping everything crossed for insurance pay out on the motorbike
    LBM 28/3/17 £24,971 28/6/17 £14,376 42% paid
    • clearmydebts
    • By clearmydebts 17th Jul 17, 9:47 PM
    • 6,079 Posts
    • 17,548 Thanks
    clearmydebts
    Sorry to hear this. Agree that cars are a pain. Ours was really starting to cost us so we bought a new one. We just need something reliable at this stage.
    Total debt (starting September 2016): €22,473/€27,000
    BOI credit card: €6,000/€7,000
    Loan:€16,473/
    Savings: €600
    • Mummy_bear
    • By Mummy_bear 18th Jul 17, 11:08 AM
    • 239 Posts
    • 929 Thanks
    Mummy_bear
    Morning,

    DH is quite down about things. He's had to take the day off which is manager is not happy about. He's hoping to get the car looked at today and borrow his dad's for work as it's unlikely to be fixed today.

    Onwards and upwards though. Gotta carry on debt busting.

    Got a free space again today with parking. So £2.30 to debt and the same to emergency fund. Despite everything we must continue to build up the emergency fund.

    We will get through this.

    MB
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £37139.86
    £5527.67/£37139.86 14.88% paid
    Estimated DFD JUNE 2020 (calculated July 2017)
    Debt Free by Christmas Challenge
    Total cleared £3150.63/£9091.72 34.65% paid
    • Mummy_bear
    • By Mummy_bear 18th Jul 17, 9:01 PM
    • 239 Posts
    • 929 Thanks
    Mummy_bear
    New balance's as of 19th July 2017

    Lloyds CC £1443.20
    Next £310.25£4.60 paid off
    MBNA CC £3707.64
    Barclaycard CC £2720
    My overdraft £112.65
    Tesco Loan £10,225.92
    Santander Loan £5565.11
    DH overdraft £700
    TV -DH purchase £703.90
    M&S Loan £8220.88*
    Bicycle finance £187.5*
    Other £571.89*

    *(not strictly accurate, will update once I have accurate figures)

    Total Debt as of July 9th - £35055.74
    Total debt as of July 14th - £34842.02
    Total debt as of July 17th -£34473.53
    Total debt as of July 19th -£34468.93

    Total cleared since 9th July - £586.81




    MB
    Last edited by Mummy_bear; 18-07-2017 at 9:04 PM.
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £37139.86
    £5527.67/£37139.86 14.88% paid
    Estimated DFD JUNE 2020 (calculated July 2017)
    Debt Free by Christmas Challenge
    Total cleared £3150.63/£9091.72 34.65% paid
    • Mummy_bear
    • By Mummy_bear 19th Jul 17, 12:12 PM
    • 239 Posts
    • 929 Thanks
    Mummy_bear
    New balance's as of 19th July 2017

    Lloyds CC £1443.20
    Next £240.25£70 paid off
    MBNA CC £3662.64 £45 paid off
    Barclaycard CC £2720
    My overdraft £112.65
    Tesco Loan £10,225.92
    Santander Loan £5565.11
    DH overdraft £700
    TV -DH purchase £703.90
    M&S Loan £8220.88*
    Bicycle finance £187.5*
    Other £571.89*

    *(not strictly accurate, will update once I have accurate figures)

    Total Debt as of July 9th - £35055.74
    Total debt as of July 14th - £34842.02
    Total debt as of July 17th -£34473.53
    Total debt as of July 18th -£34468.93
    Total debt as of July 19th - £34353.93

    Total cleared since 9th July - £701.81




    MB

    MBNA CC payment due today. Minimum payment was £37. I was originally going to pay off £115 on that card each month. However it's interest free for 3 years so I decided to pay off £45 and the remaining £70 put towards the interested accruing NEXT account.


    Still no idea on the cost of DH'S car.


    MB
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £37139.86
    £5527.67/£37139.86 14.88% paid
    Estimated DFD JUNE 2020 (calculated July 2017)
    Debt Free by Christmas Challenge
    Total cleared £3150.63/£9091.72 34.65% paid
    • misstara
    • By misstara 19th Jul 17, 5:35 PM
    • 2,406 Posts
    • 16,707 Thanks
    misstara
    Sounds like a wise choice to pay the money towards Next and get rid of it sooner.

    Sorry to hear about DH's car, hope you find out the cost soon so you can make a plan.
    Debt at LBM Jan 2014 £10458.09 Now £0
    New flat debt Jan 2017 £2302.75 Now £1414.77 (38.6% paid)
    Mini Targets
    Exercise target - Run 4/8, Gym 1/4. Groceries target £139.97/£150. NSD target 12/20.
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 19th Jul 17, 6:28 PM
    • 461 Posts
    • 1,783 Thanks
    wishingthemortgaheaway
    Just found your diary, although I'm a mortgage free wannabe I do like to get inspiration from some amazing debt busters.

    I was thinking about your reasoning for continuing to over pay on your mortgage whilst still having debts and no emergency fund.
    Whilst I understand you want to give yourself a cushion should mortgage rates rise, once you've paid off your debts, you will have that additional income to cushion any rate rises.

    I'm not sure what the mse approach to over pay on mortgage when debts are at 0%, but I'd definitely be paying off the interest acurring debts before mortgage overpayments.

    You are doing brilliantly with your mindset. You will do this.
    Once you've paid off your debts then you'll never need finance again.

    Wish.
    • Mummy_bear
    • By Mummy_bear 20th Jul 17, 6:36 AM
    • 239 Posts
    • 929 Thanks
    Mummy_bear
    Just found your diary, although I'm a mortgage free wannabe I do like to get inspiration from some amazing debt busters.

    I was thinking about your reasoning for continuing to over pay on your mortgage whilst still having debts and no emergency fund.
    Whilst I understand you want to give yourself a cushion should mortgage rates rise, once you've paid off your debts, you will have that additional income to cushion any rate rises.

    I'm not sure what the mse approach to over pay on mortgage when debts are at 0%, but I'd definitely be paying off the interest acurring debts before mortgage overpayments.

    You are doing brilliantly with your mindset. You will do this.
    Once you've paid off your debts then you'll never need finance again.

    Wish.
    Originally posted by wishingthemortgaheaway
    Thanks Wish for taking the time to read and write on my diary.

    I've been having this internal struggle for the last month or so about the mortgage. Whenever I think about stopping the over payments I become a little panicky so quickly dismiss the thought. I know it's irrational. Part of ,ye actually wonders if the reality is I can't trust myself. If I stop the over payment for a year I could put that money in the emergency fund and have in the region of £1200-£1300. That money would be in reach. Would I dip into it for non emergency things?

    I guess writing this down is helping. Makes me realise how silly I'm being. I do have an ISA that I'm not using which is not part of my main bank account. In theory it's a good place to put the money as it's not so easy to get out on a whim.

    Mmmm

    Gonna think about it a bit more. I suppose in a year I can go back to overpaying.

    Watch this space


    MB
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £37139.86
    £5527.67/£37139.86 14.88% paid
    Estimated DFD JUNE 2020 (calculated July 2017)
    Debt Free by Christmas Challenge
    Total cleared £3150.63/£9091.72 34.65% paid
    • Mummy_bear
    • By Mummy_bear 21st Jul 17, 10:24 AM
    • 239 Posts
    • 929 Thanks
    Mummy_bear
    New balance's as of 21st July 2017

    Lloyds CC £1443.20
    Next £240.25
    MBNA CC £3662.64 ...+£617.94 (recent car issue)
    Barclaycard CC £2720
    My overdraft £112.65
    Tesco Loan £10,225.92
    Santander Loan £5565.11
    DH overdraft £700
    TV -DH purchase £703.90
    M&S Loan £8220.88*
    Bicycle finance £187.5*
    Other £571.89*

    *(not strictly accurate, will update once I have accurate figures)

    Total Debt as of July 9th - £35055.74
    Total debt as of July 14th - £34842.02
    Total debt as of July 17th -£34473.53
    Total debt as of July 18th -£34468.93
    Total debt as of July 19th - £34353.93
    Total debt as of July 21st - £34971.87

    Total cleared since 9th July - £83.87

    A little set back. The car cost £595 to sort. so did a money transfer of £600 with a fee of £17.94. That 0% until June 2020.

    I just hope nothing else crops up. Or at least only once we have some savings.

    Only positive is the debt added is still less than what's already been paid this month.



    MB
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £37139.86
    £5527.67/£37139.86 14.88% paid
    Estimated DFD JUNE 2020 (calculated July 2017)
    Debt Free by Christmas Challenge
    Total cleared £3150.63/£9091.72 34.65% paid
    • Mummy_bear
    • By Mummy_bear 22nd Jul 17, 9:12 AM
    • 239 Posts
    • 929 Thanks
    Mummy_bear
    Morning,

    Currently sat up in bed, child free, eating a full English. DH is giving me the morning off haha

    Well I managed to complete a few more surveys on VO and earned another £10 love shop voucher. £20 in 2 months nor bad for not actually putting that much effort into checking I had surveys to do. I reckon if I continue with my new daily habit if checking every evening my earning potential would be greater.

    These vouchers will be for Christmas. I already put £40 each month for Xmas.

    I desperately need a haircut, not been touched since about Feb time. So I'll be using £20 from Xmas fund as the vouchers will replace that.

    Had no success booking the car boot sale slot for next week. No one answers the bleeding number you have to ring. Think I'll just get back on to Ebaying.

    This weekend will be spent making cards for DS teachers.I used to say I'd never get teacher cards or gifts. However DS teachers have been AMAZING this year. So they're getting some small candles which I got cashback on via TCB. Homemade cards and a homemade cupcake each.

    Popped to the bank yesterday and got some money bags. DS has two very full piggy banks so we're going to spend time counting out his pennies. We will then make a list of things he'd like and their cost and see whether he'd be able to afford them or if he needs to carry on saving. I absolutely want to instil a respect for money in my children. DS is only 5 and so far he has no concept of how much things cost or where money comes from. I know this will come with time. So for now we'll be focusing on his saving and spending goals.


    MB
    Last edited by Mummy_bear; 22-07-2017 at 9:15 AM.
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) £37139.86
    £5527.67/£37139.86 14.88% paid
    Estimated DFD JUNE 2020 (calculated July 2017)
    Debt Free by Christmas Challenge
    Total cleared £3150.63/£9091.72 34.65% paid
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

42Posts Today

3,649Users online

Martin's Twitter
  • RT @LordsEconCom: On Tuesday Martin Lewis, Hannah Morrish & Shakira Martin gave evidence to the Cttee. Read the full transcript here: https?

  • Ta ta for now. Half term's starting, so I'm exchanging my MoneySavingExpert hat for one that says Daddy in big letters. See you in a week.

  • RT @thismorning: Can @MartinSLewis' deals save YOU cash? ???? https://t.co/igbHCwzeiN

  • Follow Martin