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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 2
    • UncannyScot
    • By UncannyScot 31st Jul 17, 11:22 AM
    • 897 Posts
    • 5,227 Thanks
    UncannyScot
    Happy new diary
    Looking forward to reading your progress
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
    • debtaghh
    • By debtaghh 31st Jul 17, 11:32 AM
    • 871 Posts
    • 2,404 Thanks
    debtaghh
    Good luck, hope you get them x
    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 31st Jul 17, 1:23 PM
    • 1,363 Posts
    • 4,262 Thanks
    MrsSave
    Thank you all.

    I'm currently on hold with sky waiting to see if I can reduce the cost!
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • MrsSave
    • By MrsSave 31st Jul 17, 2:07 PM
    • 1,363 Posts
    • 4,262 Thanks
    MrsSave
    I've got a reduction. Not as good as last time when I got 50% off. I didn't think it would be as good, though, as that 50% off only finished 2 weeks ago!! I've got 40% off this time. My bill will be £13.50 instead of £22.50 each month. It means I'm tied with them now at this price until Jan 2019, but I'm happy with that.
    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, 2:09 PM
    • 4,439 Posts
    • 13,872 Thanks
    pennywisepoundstupid
    Well done 40% is still a great discount.
    Be mindful of your self-talk. It's a conversation with the Universe."

    Debt free and saving for my future
    • quintwins
    • By quintwins 31st Jul 17, 2:10 PM
    • 5,031 Posts
    • 29,281 Thanks
    quintwins
    That's a great saving for a few minutes on the phone, well done
    DFW £1263/£28996 4.3%

    EF#240 £0
    • Purplemumof2
    • By Purplemumof2 31st Jul 17, 2:39 PM
    • 5,292 Posts
    • 18,653 Thanks
    Purplemumof2
    I've got a reduction. Not as good as last time when I got 50% off. I didn't think it would be as good, though, as that 50% off only finished 2 weeks ago!! I've got 40% off this time. My bill will be £13.50 instead of £22.50 each month. It means I'm tied with them now at this price until Jan 2019, but I'm happy with that.
    Originally posted by MrsSave
    Excellent news, well done
    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 31st Jul 17, 9:40 PM
    • 1,363 Posts
    • 4,262 Thanks
    MrsSave
    I had a short to-do list today, and other than to sort the boy's wardrobes out, I've done it! I've also vacuumed through and spent quite a bit of time playing with the boys.

    I'm completely petrified about tomorrow's interviews. I mean, who's daft enough to have 2 on the same day The first one is at 10, and dh's taking the boys to his parents in the morning so I should have a quiet couple of hours to prepare beforehand. The interview is only a 5-10 minute drive from home, probably closer to 5 mins so not too far to go. In between interviews I'm going to pick up things for my son's birthday (cake, decorations, etc). I've then got my second interview at 3pm. Mad!!

    Today, I've also booked a couple of Christmas activities and I've had to pay deposits for them. I do have a Christmas/birthday pot so the money is coming from there. I've booked for ds to meet Father Christmas in November (with afternoon tea!) and also a Christmas card making craft session in September where the card you make will be sent off and made into lots of Christmas cards. I've asked whether both boys can be on the same card, and that's fine. I have always made homemade Christmas cards with my eldest, and this is a little bit of a cheat version this year!!
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • MrsSave
    • By MrsSave 1st Aug 17, 7:47 AM
    • 1,363 Posts
    • 4,262 Thanks
    MrsSave
    Happy August!

    Well, I hope it's a happy August! Today's the day. 2 interviews!! Eeeeeeek!!

    I've managed my breakfast, but I've now got a really funny feeling in my stomach!

    The baby has got the start of a cold. He must've caught if from me. It's the first time he's ever been poorly It did mean he woke a little more last night and had 2 night feeds. He is still his happy little self though.

    It'll probably be days before I hear back about these interviews. Eeeeeek! Right, I'd better jump into the shower and get ready.
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • pennywisepoundstupid
    • By pennywisepoundstupid 1st Aug 17, 8:03 AM
    • 4,439 Posts
    • 13,872 Thanks
    pennywisepoundstupid
    Good luck, hope the interviews go well.x.
    Be mindful of your self-talk. It's a conversation with the Universe."

    Debt free and saving for my future
    • kirtsypoos
    • By kirtsypoos 1st Aug 17, 8:33 AM
    • 3,102 Posts
    • 13,802 Thanks
    kirtsypoos
    Best of luck with your interviews MrsS! x
    £150/3000 OH BC(95% PAID)
    PAID VERY, Barclaycard x2, Vanquis, Natwest, O/D, Tesco & MBNA x2 PAID LBM 24/07/15 - Debt: £150/31010.23 (99.51% paid)
    Mortgage - £160,500.00 (2017 O/P £2475.46) PAYDBX 17 #006 - £18,079.25/14,539.71
    • quintwins
    • By quintwins 1st Aug 17, 10:43 AM
    • 5,031 Posts
    • 29,281 Thanks
    quintwins
    Good luck with your interviews.
    DFW £1263/£28996 4.3%

    EF#240 £0
    • Purplemumof2
    • By Purplemumof2 1st Aug 17, 10:51 AM
    • 5,292 Posts
    • 18,653 Thanks
    Purplemumof2
    Fingers crossed 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
    • louby40
    • By louby40 1st Aug 17, 12:01 PM
    • 1,197 Posts
    • 3,280 Thanks
    louby40
    Good luck with your interviews!
    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 1st Aug 17, 4:32 PM
    • 1,363 Posts
    • 4,262 Thanks
    MrsSave
    Thank you all!

    What a day! I'm back home, in my scruffy clothes that no one sees outside the house with a very large gin and tonic.

    Interview 1 is the one I really want. I felt it went as well as it could, but there could be someone better qualified.......who knows. I had a test, which included spreadsheets, working out vat amounts and discounts, proof reading, research and mail merge. I got through it all, answered everything and am pretty sure the Mail merge and spreadsheet work was correct.

    Interview 2 was for a bigger company, but the interview was far more relaxed and more of a chat. They were very friendly, but I don't think I was successful there at all. I just didn't feel it went well. The pay difference between the 2, and the added nursery fees, etc, means we would have more spare if I got the part time one (which is the 1 I want). Basically, if I got the full time one, I'd be working more hours, seeing my boys less and having less spare each month. But, a job is a job (and please, please, please let me have the first one!!).

    I've also today sorted out everything we need for ds's birthday.

    Whilst waiting for one of the interviews, I did see a job advert for another job that I will apply for. I should probably do that before finishing this g&t!

    Oh, and I've come to the conclusion that if I was successful in either job, or any other, I would have to wear trousers to work. I've laddered 3 pairs of tights today Thankfully the first was after the first interview, the second as I was getting ready for the second so had time to change, and the third I saw a small ladder at my heel on the way to the second. It was tiny, and unless anyone was staring at the back of my heels they wouldn't have noticed. Oh, and I put my fingers through the third pair as I was taking them off. Tights are not money saving for Mrs S!!
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • Honeysucklelou2
    • By Honeysucklelou2 1st Aug 17, 4:54 PM
    • 519 Posts
    • 1,925 Thanks
    Honeysucklelou2
    Hope you hear soon!
    paydbx #90 £475/£10,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • quintwins
    • By quintwins 1st Aug 17, 5:25 PM
    • 5,031 Posts
    • 29,281 Thanks
    quintwins
    fingers crossed you get the first one.
    DFW £1263/£28996 4.3%

    EF#240 £0
    • louby40
    • By louby40 1st Aug 17, 5:39 PM
    • 1,197 Posts
    • 3,280 Thanks
    louby40
    Fingers crossed for job 1

    When might you hear?
    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 1st Aug 17, 5:54 PM
    • 1,363 Posts
    • 4,262 Thanks
    MrsSave
    Fingers crossed for job 1

    When might you hear?
    Originally posted by louby40
    Thursday for the 1 I really want, I'm not sure about the other. They started to tell me, but then got distracted and I didn't want to ask again!
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
    • MrsSave
    • By MrsSave 2nd Aug 17, 4:53 AM
    • 1,363 Posts
    • 4,262 Thanks
    MrsSave
    Middle of the night, and I'm wide awake. I'm not sure why. Excitement for son's birthday or just still thinking about these interviews. I've been through ynab and the bank accounts and everything is balancing. I've been thinking about starting surveys again. I managed to get quite a bit of money before Christmas last year with them so would be definitely worth trying again.

    Right, going to look into that now!
    YNAB - one of my favourite money saving tools
    Check out my debt free diary 'Mrs S, family life and debt' below:
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