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  • FIRST POST
    • littlebylittle26
    • By littlebylittle26 14th Jul 17, 1:04 PM
    • 54Posts
    • 59Thanks
    littlebylittle26
    Now I own a house... time to get my ish together!
    • #1
    • 14th Jul 17, 1:04 PM
    Now I own a house... time to get my ish together! 14th Jul 17 at 1:04 PM
    Ok - 3rd diary attempt..

    I picked up the keys to my first flat last Thursday and so this begins my journey moving forward as a homeowner!

    Debts:
    Family loan - £12k (£2k by January, the rest negotiable over time)
    Mortgage - £124,612.10
    Credit card - £2744.04 (0% until summer 2018)

    Time to start shifting these a little bit at a time! Using YNAB in hopes I can think a bit more about my spending and shave off some pennies over time.

    Thanks for joining me on my journey!
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    • littlebylittle26
    • By littlebylittle26 11th Aug 17, 1:03 PM
    • 54 Posts
    • 59 Thanks
    littlebylittle26
    Decided to do a SOA... would appreciate your thoughts, folks!

    Statement of Affairs and Personal Balance Sheet

    Household Information

    Number of adults in household........... 1
    Number of children in household......... 0
    Number of cars owned.................... 0

    Monthly Income Details

    Monthly income after tax................ 1965.96
    Partners monthly income after tax....... 0
    Benefits................................ 0
    Other income............................ 0
    Total monthly income.................... 1965.96


    Monthly Expense Details

    Mortgage................................ 602.9
    Secured/HP loan repayments.............. 45.389999999999986
    Rent.................................... 0
    Management charge (leasehold property).. 41
    Council tax............................. 132
    Electricity............................. 25
    Gas..................................... 25
    Oil..................................... 0
    Water rates............................. 0
    Telephone (land line)................... 0
    Mobile phone............................ 23
    TV Licence.............................. 29.4
    Satellite/Cable TV...................... 0
    Internet Services....................... 0
    Groceries etc. ......................... 100
    Clothing................................ 0
    Petrol/diesel........................... 0
    Road tax................................ 0
    Car Insurance........................... 0
    Car maintenance (including MOT)......... 0
    Car parking............................. 0
    Other travel............................ 0
    Childcare/nursery....................... 0
    Other child related expenses............ 0
    Medical (prescriptions, dentist etc).... 0
    Pet insurance/vet bills................. 0
    Buildings insurance..................... 0
    Contents insurance...................... 0
    Life assurance ......................... 0
    Other insurance......................... 0
    Presents (birthday, christmas etc)...... 0
    Haircuts................................ 0
    Entertainment........................... 0
    Holiday................................. 0
    Emergency fund.......................... 0
    Total monthly expenses.................. 1023.69



    Assets

    Cash.................................... 316
    House value (Gross)..................... 139200
    Shares and bonds........................ 0
    Car(s).................................. 0
    Other assets............................ 0
    Total Assets............................ 139516



    Secured & HP Debts

    Description....................Debt......Monthly.. .APR
    Mortgage...................... 124433...(602.9)....3.39
    Secured Debt.................. 817......(45.39)....0
    Total secured & HP debts...... 125250....-.........-


    Unsecured Debts
    Description....................Debt......Monthly.. .APR
    Tesco Credit Card..............2714.04...30........0
    Family Loan....................12000.....0.........0
    Total unsecured debts..........14714.04..30........-



    Monthly Budget Summary

    Total monthly income.................... 1,965.96
    Expenses (including HP & secured debts). 1,023.69
    Available for debt repayments........... 942.27
    Monthly UNsecured debt repayments....... 30
    Amount left after debt repayments....... 912.27


    Personal Balance Sheet Summary
    Total assets (things you own)........... 139,516
    Total HP & Secured debt................. -125,250
    Total Unsecured debt.................... -14,714.04
    Net Assets.............................. -448.04
    • ChicaBonita
    • By ChicaBonita 11th Aug 17, 3:24 PM
    • 625 Posts
    • 1,357 Thanks
    ChicaBonita
    You've not got anything down for clothes, haircuts, entertainment etc. I would recommend putting a monthly budget for these, even if you only spend the money every few months. I know some people on here never get their hair cut, but I would rather put aside £20 a month and get it done every few months than never have one! Also putting a budget down for going out may help you keep it down (if that's a problem area).
    I would also recommend putting some aside for health-related things as you never know when you might need to get a check-up or prescription, and they can be costly if they crop up unexpectedly.

    You've got a lot leftover at the end of the month if this is all you spend, but I think a lot of things need to be budgeted for to give a more accurate view

    Just my two pence
    House Deposit:£11,300.71/£14,000 = 80.71% Money Made'17 August: £41.04July:
    £4.95
    June: £5.35 May:£30.30April: £51.09March:£28.25Feb: £120.47 Jan:£14.35
    Total Made '16:£284.60
    • DigForVictory
    • By DigForVictory 11th Aug 17, 4:01 PM
    • 7,148 Posts
    • 19,463 Thanks
    DigForVictory
    One other thought - you have a house, Now Make A Will.
    Yes it will be invalidated by marriage but if you go under a bus tomorrow, intestate, then any dreams of nuptials go sideways & any relatives are left to try to sort out what to do.

    Do them & yourself a favour, make a Will & jot down a funeral idea, so "it's what littlebylittle would have wanted" not whatever's left after the taxman has administered it for a while.

    That done, plan on not needing it for Decades!
    • littlebylittle26
    • By littlebylittle26 11th Aug 17, 4:56 PM
    • 54 Posts
    • 59 Thanks
    littlebylittle26
    Thanks folks.

    Chica, I don't ever really know what to put aside for this... I've always been a bit rubbish at it I don't spend money on these things thaaaat much so I typically just pull from whatever's left over... I live in Scotland so nothing to worry about on the prescription front

    Dig, I'm 24 and an only child. Surely my parents would get everything...?

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    • Placitasgirl
    • By Placitasgirl 11th Aug 17, 5:06 PM
    • 230 Posts
    • 395 Thanks
    Placitasgirl
    You've nothing at all in your SOA for buildings and contents insurance......is that a mistake? Hopefully so.

    Nothing for water either?
    • Hiddenidenity
    • By Hiddenidenity 11th Aug 17, 10:20 PM
    • 5,314 Posts
    • 26,055 Thanks
    Hiddenidenity
    Have a lovely weekend x
    DFW £1783.71/£7348.71 Rent Arrears £571.28/£3381.28

    Rock bottom became the solid foundation on which I rebuilt my life.
    • littlebylittle26
    • By littlebylittle26 12th Aug 17, 1:27 PM
    • 54 Posts
    • 59 Thanks
    littlebylittle26
    Buildings/contents insurance covered in factor's fees. Water included in ctax as I live in Scotland.

    Thanks Hidden - having a good one so far. Got my hair done this morning, budgeted £90 but my hairdresser has started giving me mates rates... so only charged me £70 woohoo!

    Off to pick up a couple bits of food for the week ahead (won't need loads) and then off to see my parents

    Have a good one all.

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    • littlebylittle26
    • By littlebylittle26 13th Aug 17, 10:49 PM
    • 54 Posts
    • 59 Thanks
    littlebylittle26
    NSD today woohoo :-) x
    • littlebylittle26
    • By littlebylittle26 16th Aug 17, 4:57 PM
    • 54 Posts
    • 59 Thanks
    littlebylittle26
    Spends this week...
    ~£20 Monday
    NSD Tuesday
    £1.12 Wednesday (but will mentally count this as a NSD as I found the cash in my purse, didn't know I had it)

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    • littlebylittle26
    • By littlebylittle26 23rd Aug 17, 1:17 PM
    • 54 Posts
    • 59 Thanks
    littlebylittle26
    Going through phases of being really good at not spending followed by phases of being awful at it...

    In the last week I've been to London for the weekend to see the man and my GHDs have broken (as a curly haired gal, they needed replaced IMMEDIATELY). Both fairly spendy - £240ish all in. Eek!

    Getting myself back into matched betting. Dabbled in it before and made a small amount of money but it's time to get serious. You can make £1000s from this stuff! Have signed up to a premium service with calculators and odds matching for £1 for 3 days.. see how I get on. It's £17.99 a month usually but the earning potential is mega which would cover it nicely

    Will keep you all updated.

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    • littlebylittle26
    • By littlebylittle26 24th Aug 17, 9:37 AM
    • 54 Posts
    • 59 Thanks
    littlebylittle26
    My parents came through last night with some furniture from home and we went out for dinner at Wagamama's which they also paid for, so I bought some drinks in return - £12.13 so not too bad

    Spent £3.60 a return ticket for the train to work today as I'm in a different office. There are some leaving drinks tonight - I don't know the guy too well but I said I'd pop in for one. Might not even have anything to try keep out goings as low as possible.

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    • littlebylittle26
    • By littlebylittle26 25th Aug 17, 10:52 AM
    • 54 Posts
    • 59 Thanks
    littlebylittle26
    Spent 20.60 yesterday - ended up out with different work folks celebrating a contract win. The company paid for dinner/drinks, I bought a couple of rounds myself and split a taxi home.

    Not a NSD day today either as I'm feeling a bit rough - spent £2 on the bus in to work and then £1.52 on a roll and sausage and potato scone...oops...

    Quiet-ish weekend ahead. My cousin is doing my nails (£20 ish) and I'm catching up with a friend on Saturday, think we will just go to the cinema. Nothing crazy!

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    • littlebylittle26
    • By littlebylittle26 5th Sep 17, 12:52 PM
    • 54 Posts
    • 59 Thanks
    littlebylittle26
    Not doing too badly on the money front... sorry been a bit AWOL all.

    Plodding on with the matched betting, making a decent profit. Would love to make some serious money with this as I become more confident!

    On track for a NSD day today, which is always good :-)

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    • littlebylittle26
    • By littlebylittle26 6th Sep 17, 2:03 PM
    • 54 Posts
    • 59 Thanks
    littlebylittle26
    £1.35 spent yesterday on a bottle of diet coke... needed the sugar intake.

    Should be a NSD today - plan is to walk to/from work.

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    • littlebylittle26
    • By littlebylittle26 8th Sep 17, 9:14 AM
    • 54 Posts
    • 59 Thanks
    littlebylittle26
    Managed a NSD 2 days ago and spent £14.53 yesterday - £2.53 on a coffee and £12 on a friend's birthday evening. This leaves me with approx. £215 left to last me just under 3 weeks.

    I have a bit of a strange relationship with money at the moment - feels like no matter what I do, I find myself panicking and stressing. I take lunch in every single day and walk to/from work yet I still find my bank account getting lower over time. Does anyone have any tips for getting out of this rut?

    I think it stems from a number of things - firstly the adjustment to having a mortgage and slightly higher outgoings (approx £200/month) as well as the fact that my new man earns 4 times what I do!! He is totally aware of it and insists on paying for most things when we are together which drives me crazy... so I always make sure to pay for drinks when possible.

    I'll get into the habit.. going to do lots more matched betting this weekend, get things moving!

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    • littlebylittle26
    • By littlebylittle26 11th Sep 17, 12:40 PM
    • 54 Posts
    • 59 Thanks
    littlebylittle26
    Spent £14.98 on Friday - food and the train to visit my parents.
    NSD on Saturday.
    Spent £39.01 on Sunday - £27.97 on beauty bits (mascara, shampoo, brow tint, deoderant) and £11.04 on the week's food (not too bad methinks).

    Off to London on Thursday for a week... he says he wants to treat me but keen to pay my fair share, so things will likely get a bit spendy. I've told myself it's OK to pull from my savings given I've been making a decent amount on the matched betting front.

    £4 on bus today and I'm going to get a sunbed later - aiming for a NSD tomorrow and I've budgeted to get my nails done on Wednesday. Other than that, I'm not expecting any spends.

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    • littlebylittle26
    • By littlebylittle26 12th Sep 17, 11:31 AM
    • 54 Posts
    • 59 Thanks
    littlebylittle26
    £18.33 spend yesterday, aiming for a NSD today.

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    • littlebylittle26
    • By littlebylittle26 13th Sep 17, 9:04 AM
    • 54 Posts
    • 59 Thanks
    littlebylittle26
    Failed badly on the NSD front... £28ish spent on dinner and drinks with a colleague - justified it with a bad day (work is really tough just now).

    Must stop spending! Grrr. Won't manage one NSD this week. Thursday is my best bet though there's travel to the airport to be paid for... hmph.

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    • littlebylittle26
    • By littlebylittle26 2nd Oct 17, 12:58 PM
    • 54 Posts
    • 59 Thanks
    littlebylittle26
    Hello all,

    Fallen off the bandwagon with two weeks' annual leave from work... waaaaah. Been paid this month and have pretty much £400 in my bank account for general spends. Reaaaally hoping I won't need to dip into savings for this one - I've made soup for work all week though I'm out with the girls tomorrow for dinner. I also have two weeks with the boy, one in London and another in Edinburgh... hopefully they won't be too bad either as we pretty much have them planned out!

    Lots of exciting times ahead.. booked to go away with him for new year's and he wants to take me away to New York in Dec, though I really don't know about that one I still haven't told my mother about him... how am I going to get through this one?

    Anyhoo.. first day back at work so must head back now that lunch is over. In a bit all.

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    • littlebylittle26
    • By littlebylittle26 3rd Oct 17, 12:52 PM
    • 54 Posts
    • 59 Thanks
    littlebylittle26
    £1.60 spent yesterday on a bus to work.. was blowing an absolute gale! Otherwise no spends.

    Got a dinner planned with the girls for tonight, working in our office in town as a result so £5 spent on an all day bus ticket and then the cost of dinner. Will try to keep things as low as possible.

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