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  • FIRST POST
    • MrsSave
    • By MrsSave 30th Jul 17, 7:22 AM
    • 1,363Posts
    • 4,262Thanks
    MrsSave
    Mrs S, family life and debt
    • #1
    • 30th Jul 17, 7:22 AM
    Mrs S, family life and debt 30th Jul 17 at 7:22 AM
    This is my 4th diary. I'll link the others in case anyone has absolutely nothing to do and fancies a read!

    Diary 1: MrsS is getting serious http://forums.moneysavingexpert.com/showthread.php?t=5045594

    Diary 2: Debt free before 35 http://forums.moneysavingexpert.com/showthread.php?t=5286098

    Diary 3: A pound stretching maternity
    http://forums.moneysavingexpert.com/showthread.php?t=5495440

    So, who is Mrs S?

    I'm in my mid early 30's and a mum to 2 lovely little boys. My second maternity leave is just coming to an end (sob). I'm a teacher but looking for a career change. I mentioned this career change back in diary 1, but I'm finally doing something about it. I have 2 job interviews next week and I'm still searching and applying for others.

    Debt

    I guess I wouldn't be starting a new diary if I didn't have any debts. Maternity leave and retraining has meant that the debt we had beforehand has increased. Significantly. I'm gutted, but from the retraining side, I just had to do it. Today, our debts stand at:

    Loan: £9,906.30
    Credit Card: £6,480.60

    We also have a mortgage of £92,720.52

    Excluding the mortgage, our current debt figure is £16,386.90. That's massive.

    So what are we doing about it?

    Not adding to it any more, that's to start! The problem is that a lot depends on whether I find work quickly. In an ideal world I will be working by September (even if it's something unrelated to what I actually want to do, as we need a second income).

    Using YNAB. I've used YNAB for a few years now, and love it. It's so clear in showing how much money we actually have, and splitting it between different pots.

    Paying £266.40 towards the loan every month, and around £65-£70 towards the card. The card is a very recent balance transfer, so not 100% sure on exact figures yet, but 1% is the minimum balance. I'm not sure whether to stick with the minimum, or a set amount each month. The set amount won't be much higher than the minimum, but obviously won't decrease every month. Possibly £65 per month. That means we will be paying £331.40 towards our debt each month. At this rate it would take 50 months to clear. 4 years, 2 months.

    Budgeting and treats

    I allow treats. They're budgeted for. I would fall flat on my face if we weren't allowed our treats. We do have little breaks away sometimes (not abroad, we haven't been abroad since our honeymoon). We save for them, though and pay with the money we have and not add to the debt. We have the odd takeaway and meal out, we have days out. I treat the boys on their birthdays and Christmas. I have this year started paying into Park for Vouchers in time for Christmas. I've budgeted for that every month.

    We put money into our car pot each month for the MOT and any extras it needs. Our car is 12 years old, and up until recently hasn't needed anything doing to it. A couple of little things are starting to need changing now so I'm hoping we'll have a few more years before the car get sorted too expensive. I do love my car! It's nothing special, not fancy and was cheap to buy with low mileage (we've had the car about 5 years).

    Right, I've probably bored anyone who's reading this enough for a first 'All about me' post.
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
Page 1
    • Purplemumof2
    • By Purplemumof2 30th Jul 17, 7:32 AM
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    Purplemumof2
    • #2
    • 30th Jul 17, 7:32 AM
    • #2
    • 30th Jul 17, 7:32 AM
    Happy new diary xx
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £7000.00 Cap 1: £457.35 BC: £5000.00

    AFD 0/10 NSD 0/10 LTW 0/10
    POAMAYC 2018 #?? PD £0.00/£4000
    20p Savers 2017 £2 Savers 2017 50p Savers 2017 SPC 11 2018 #003
    • MrsSave
    • By MrsSave 30th Jul 17, 7:34 AM
    • 1,363 Posts
    • 4,262 Thanks
    MrsSave
    • #3
    • 30th Jul 17, 7:34 AM
    • #3
    • 30th Jul 17, 7:34 AM
    So, today.......

    We've got our eldest's birthday party. I've never hosted a party like this before! There should be around 20 children there, and we've booked an entertainer. Food is all ready, party bags done, balloons blown up and one excited little boy. We'd put money aside for his birthday party and also for his actual birthday (we're going out, just the 4 of us).

    I can already picture a rather large glass of wine this evening

    I've also got to sort out some clothes returns today, the collection has already been booked for Monday.

    Time for a quick look through ynab, and the bank accounts and then breakfast. Then it's party time!
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • MrsSave
    • By MrsSave 30th Jul 17, 7:35 AM
    • 1,363 Posts
    • 4,262 Thanks
    MrsSave
    • #4
    • 30th Jul 17, 7:35 AM
    • #4
    • 30th Jul 17, 7:35 AM
    Happy new diary xx
    Originally posted by Purplemumof2
    Thank you Purplemum. I'm so sad that my maternity leave is finishing, but looking forward to getting our lives back in order!
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • debtaghh
    • By debtaghh 30th Jul 17, 7:43 AM
    • 871 Posts
    • 2,404 Thanks
    debtaghh
    • #5
    • 30th Jul 17, 7:43 AM
    • #5
    • 30th Jul 17, 7:43 AM
    Have subscribed. I didn't realise you had two other diaries before the maternity one so will have a read.
    Debt 16th October 2017: Cc £49,987- family £37,561: total debt £87549

    Current debt: Cc £47, 520 , Family £ 37,288 total debt £84,808
    • MrsSave
    • By MrsSave 30th Jul 17, 7:53 AM
    • 1,363 Posts
    • 4,262 Thanks
    MrsSave
    • #6
    • 30th Jul 17, 7:53 AM
    • #6
    • 30th Jul 17, 7:53 AM
    Have subscribed. I didn't realise you had two other diaries before the maternity one so will have a read.
    Originally posted by debtaghh
    Oh yes, I've been around quite a while. Unfortunately so has the debt! It's finally going to go!
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • MrsSave
    • By MrsSave 30th Jul 17, 7:54 AM
    • 1,363 Posts
    • 4,262 Thanks
    MrsSave
    • #7
    • 30th Jul 17, 7:54 AM
    • #7
    • 30th Jul 17, 7:54 AM
    Well I forgot to mention my emergency fund. All that money I have backing me up in case things go drastically wrong. My emergency fund currently stands at.....................wait for it.................£1.45. I suppose things can only get better!
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • Frugal Saver
    • By Frugal Saver 30th Jul 17, 8:18 AM
    • 239 Posts
    • 597 Thanks
    Frugal Saver
    • #8
    • 30th Jul 17, 8:18 AM
    • #8
    • 30th Jul 17, 8:18 AM
    Hello, looking forward to following you. I've just resurrected my diary for the 4th time so I can sympathise with your situation!
    LBM September 2012
    Debt at LBM £10,573.00
    Savings at LBM £0
    Current debt £5,800 at 0%
    Current savings £3,800
    • Honeysucklelou2
    • By Honeysucklelou2 30th Jul 17, 8:47 AM
    • 519 Posts
    • 1,925 Thanks
    Honeysucklelou2
    • #9
    • 30th Jul 17, 8:47 AM
    • #9
    • 30th Jul 17, 8:47 AM
    Enjoy the party and your day out together on the actual birthday. I am between birthdays at the moment. My DD4 and DS2 are 4 days apart, so a busy time with birthday cakes, parties and presents!

    Re work, is supply teaching an option, just to give chance to earn but without the pressures of assessment and reporting etc.
    paydbx #90 £475/£10,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • Chandelier.
    • By Chandelier. 30th Jul 17, 8:55 AM
    • 519 Posts
    • 1,392 Thanks
    Chandelier.
    Happy shiny new diary! Sounds as if you've a good plan ahead. I agree with having treats, life would be boring without them.
    Check out my Diary
    • louby40
    • By louby40 30th Jul 17, 10:32 AM
    • 1,197 Posts
    • 3,280 Thanks
    louby40
    Happy new diary !!
    Parent loan PAID IN FULL
    Emergency fund £670/£1000. Christmas savings £100/£600 Car maintenance £150/600
    Kitchen July £12,493 DEC £9,993. 25% paid off
    Barclaycard £90
    Car loan £2684.22 Mortgage £94,992
    TOTAL DEBT (with mortgage) = £108,044 (without mortgage) = £13,052
    • MrsSave
    • By MrsSave 30th Jul 17, 5:05 PM
    • 1,363 Posts
    • 4,262 Thanks
    MrsSave
    Hello and thank you!!

    Honeysuckle I've done quite a bit of supply in the past, but it's becoming a lot more difficult to do now. My 3 nearest counties only use agencies whereas I used to supply through the council. I'm also sent to schools that are quite a distance away. It's definitely a back up option if I don't find something else to pay the bills until I do. Thank you.

    Party is over and gifts all open (it's not his birthday yet, but he'll have so many family ones that we decided he could open the party ones today!). He has had so many nice gifts. I've only been sending him with little gifts, and I now feel I should be buying bigger, better things! How do people afford it??

    Ds1 thoroughly enjoyed his party and is completely shattered now. I must admit I've crashed on the sofa with a glass of wine!! Oh, and I'm munching my way through leftover party food.

    This week is going to be a completely mad, hectic, crazy one. Ds's actual birthday, 3 different family events and 2 interviews. I'll need to buy a couple of bits/drinks for one of the family events but otherwise it shouldn't be too spends (other than ds's birthday but we've budgeted that). We've completely spoilt him this year, but they're only little once!!
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • quintwins
    • By quintwins 30th Jul 17, 5:18 PM
    • 5,031 Posts
    • 29,281 Thanks
    quintwins
    After 20kids I'd need a whole bottle of wine!!!

    Good luck with your new dairy, I've subscribed
    DFW £1263/£28996 4.3%

    EF#240 £0
    • enthusiasticsaver
    • By enthusiasticsaver 30th Jul 17, 6:20 PM
    • 4,865 Posts
    • 9,189 Thanks
    enthusiasticsaver
    Are you going back to teaching until you get another job or just looking until you get something?
    3 days to go until early retirement. Debt free and mortgage free.

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • MrsSave
    • By MrsSave 30th Jul 17, 7:00 PM
    • 1,363 Posts
    • 4,262 Thanks
    MrsSave
    Are you going back to teaching until you get another job or just looking until you get something?
    Originally posted by enthusiasticsaver
    I don't actually have a job to go back to. I was on a short term contract which ended a few weeks into my maternity leave. I was lucky to have worked long enough beforehand to get smp. The 39 weeks of smp ends middle of August, so I'm currently just applying for jobs in finance, but if I'm not successful in these interviews I'll have to start applying for anything/supply so that I'm working whilst I find something I'd prefer.
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • blue_eyed_girl123
    • By blue_eyed_girl123 30th Jul 17, 7:13 PM
    • 50 Posts
    • 105 Thanks
    blue_eyed_girl123
    Good luck with the debt , I work with children in after school clubs so 20 children and lots of noise and chaos is my norm . I've learnt they're quietest with food and wine is definitely a good idea afterwards . Glad your DS enjoyed the party .
    • MrsSave
    • By MrsSave 31st Jul 17, 7:38 AM
    • 1,363 Posts
    • 4,262 Thanks
    MrsSave
    We had a delivery of a playhouse booked for today, which is for my youngest for Christmas. I was hoping it could be delivered without my eldest seeing so that Father Christmas could bring it. Mission accomplished! It turned up just before 7. My eldest woke as the lorry was pulling into our drive so my husband just told him to go back to bed, he'll be up in 2 minutes, and he did! The playhouse is now hiding in the shed until we can take it over to my inlaws house.

    The youngest woke at 5:30 for his feed this morning, and didn't go back to sleep until after 6:15. I think I've snoozed for 10 minutes since. I really should get to bed earlier at night to make up for these early mornings!

    Today it's going to be a quiet day home, just me and the boys. There's so much on this week, that a chill out day is probably a good idea today. My to-do list for today:
    • Interview prep, lots and lots of it,
    • Phone Sky to try to reduce price,
    • Laundry, towel washing day,
    • Finish sorting the bits wardrobes (they've both gone up a size and I'm half way through sorting both out),

    I'm keeping it at that today so that I can get quite a bit of interview work done.
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • pennywisepoundstupid
    • By pennywisepoundstupid 31st Jul 17, 8:32 AM
    • 4,439 Posts
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    pennywisepoundstupid
    Happy new diary.

    Glad the party went well and well done on mission playhouse and getting it sneaked in unnoticed.

    Off to subscribe and have a great day.
    Be mindful of your self-talk. It's a conversation with the Universe."

    Debt free and saving for my future
    • MrsSave
    • By MrsSave 31st Jul 17, 10:27 AM
    • 1,363 Posts
    • 4,262 Thanks
    MrsSave
    I'm procrastinating!

    I'm sitting in my youngest son's bedroom (he's asleep in our room.....really should get around to moving him!), on the floor and I've printed standard interviews questions off and the answers I've given them for both interviews. Now that I've done that I'm just doing nothing!

    I'm trying to decide what I should take with me to the interviews. So far I've thought about taking a spare copy of my cv, a copy of the cover letter I sent with the cv when I applied, my qualification certificates and my statement of achievement for my latest exams to show how I've done. That's it. There's no presentation or anything like that to do so I can't think of anything else.

    Though, I have read recently that tick tacks are good. Possibly for when I'm sitting, waiting. It's been so, so long since I've had an interview, and I really want one of the jobs (either would be great, but I do have my heart set on 1 a little more than the other for financial and childcare reasons, but we'd work around those reasons). To say I'm getting nervous is a complete understatement.

    Right, I need to get back to doing something!
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • Purplemumof2
    • By Purplemumof2 31st Jul 17, 10:35 AM
    • 5,292 Posts
    • 18,653 Thanks
    Purplemumof2
    Good luck with the interviews.

    I always take a clean copy of my CV when I go just in case they've lost the copy sent to them.
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £7000.00 Cap 1: £457.35 BC: £5000.00

    AFD 0/10 NSD 0/10 LTW 0/10
    POAMAYC 2018 #?? PD £0.00/£4000
    20p Savers 2017 £2 Savers 2017 50p Savers 2017 SPC 11 2018 #003
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