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  • FIRST POST
    • swimminginaseaofdebt
    • By swimminginaseaofdebt 5th Aug 17, 10:29 PM
    • 602Posts
    • 3,232Thanks
    swimminginaseaofdebt
    Fighting the Waves!
    • #1
    • 5th Aug 17, 10:29 PM
    Fighting the Waves! 5th Aug 17 at 10:29 PM
    Mum of one currently owing around 18,500 across 4 credit cards. I’ve been on a DMP with Stepchange since 2015 and am making very slow progress in paying of my debts. I started a diary before but didn’t keep up with it so thought I’d make a fresh start. I hope to keep this diary active.

    I was on maternity leave for 14 months and just returned to work on a part time basis in the last week of July. I have taken a hit in my wages although I won’t know the full of extent of my finances until I get paid at the end of the month and the tax credit people finally get round to processing my renewal from last year in addition to adjusting what I’m due on my new wages.

    Anyway these are my goals, not too many or else I get overwhelmed!

    August Goals
    • 280 for spends
    • 15 NSDs
    • Take lunch to work 13 out of the 14 days I’ll be there
    • Take part in the make up 10 a day challenge and aim for 124
    • De-clutter a minimum of 31 items from my flat
    • Catch up on my Goodreads challenge

    Saving Pots
    • D’s clothes fund - 10/250
    • Childcare - 200/420
    • Annual expenses - 81.91/500
    • Emergency fund/D's Savings - 845.07/1000
    • Fix this house fund - 0/1000
    • Turkey 2018 – 1200/1200
    • Full & Final settlement fund - 1408.12/2325

    I’ve deliberately overestimated numbers 5 & 6 and plan to put any leftovers into the full and final settlement fund.

    Will post a weekly update on my progress in the hope that having to write everything down will make me more accountable.
    Last edited by swimminginaseaofdebt; 01-10-2017 at 7:10 AM.
    SPC11 #564
Page 2
    • swimminginaseaofdebt
    • By swimminginaseaofdebt 3rd Sep 17, 9:34 PM
    • 602 Posts
    • 3,232 Thanks
    swimminginaseaofdebt
    Spent the morning batch cooking meals for the little one so that's the freezer nice and full now. Should hopefully last a few weeks.

    Took a trip to the supermarket later on in the day and bought the rest of the groceries I needed for the week, spending came to 28.79.

    Have cashed out 67p from Qmee and added it to my full and final settlement fund.
    SPC11 #564
    • swimminginaseaofdebt
    • By swimminginaseaofdebt 5th Sep 17, 10:05 PM
    • 602 Posts
    • 3,232 Thanks
    swimminginaseaofdebt
    NSD yesterday and today plus I took my lunch (and snacks!) to work as well.

    I've just completed a survey on PA for 1, got all excited as it's the first one I've had in yonks

    Registered for an Open University course today, need to print, sign and send the module registration document tomorrow along with the SAAS form for a part time fee grant. It's costing 958, and according to the online calculator SAAS will pay 910 so I just need to part with 48. All excited to start studying again and give my brain a bit of a workout!
    Last edited by swimminginaseaofdebt; 05-09-2017 at 10:12 PM.
    SPC11 #564
    • swimminginaseaofdebt
    • By swimminginaseaofdebt 9th Sep 17, 6:48 PM
    • 602 Posts
    • 3,232 Thanks
    swimminginaseaofdebt
    Took lunch to work on Wed, but spent 3.24 in M & S picking up a few bits for dinner. Thu, I took the little one to sensory class and spent 3.30 in Tesco on the way there. Ended the week going to dinner with my sister and niece on Fri, split the bill in half spending a grand total of 12.17.

    Cashed out 2.94 from Qmee and sent 1.47 to my annual expenses savings pots and 1.47 to my full and final settlement fund.

    Managed to nab a 9 survey on PA the other night, just waiting for it to be approved and I'll request payment.

    My mum’s taken the little one to keep overnight and me and my sister are going to a VIP showing of the new It film. Paid for it last month and we get a buffet beforehand and unlimited drinks and snacks to take in with us. Hopefully it’s worth the expensive price!

    Oh and I finished reading an e-book from the library yesterday so that's me 2 down, 3 to go!
    Last edited by swimminginaseaofdebt; 09-09-2017 at 6:50 PM.
    SPC11 #564
    • Mummy_bear
    • By Mummy_bear 9th Sep 17, 8:27 PM
    • 255 Posts
    • 977 Thanks
    Mummy_bear
    Hi,

    Just found your diary.

    Good luck on your journey.

    I used to use Goodreads all the time. You make me want to get back into reading. Do dfw diaries count?


    Anyway, I've subscribed x
    My LBM May 2017, DH LBM July 2017- Total Debt (not Including Mortgage) 37139.86
    5932.55/37139.86 15.97% paid
    Estimated DFD JUNE 2020 (calculated July 2017)
    Debt Free by Christmas Challenge
    Total cleared 3362.89/9091.72 36.98% paid
    • swimminginaseaofdebt
    • By swimminginaseaofdebt 10th Sep 17, 10:24 PM
    • 602 Posts
    • 3,232 Thanks
    swimminginaseaofdebt
    I used to use Goodreads all the time. You make me want to get back into reading. Do dfw diaries count?
    Anyway, I've subscribed x
    Originally posted by Mummy_bear

    Wouldnt that be great, my reading figures would have shot through the roof if that was the case!

    Well the film last night was a bit of a disappointment, turned out to be more of a comedy than a horror. The food we had beforehand was good though and as it was all pre-paid I managed a NSD.

    Today I spent 29.29 in the supermarket though I forgot to pick up a few bits as usual so Ill need to do a wee top-up shop at some point.

    Me and mum took the little one to get his feet measured at a Clarks outlet and discovered hed gone up a size and a half. Poor wee mite had been getting his feet squeezed into shoes that were far too small for him. Luckily we found a pair in his size and mum kindly purchased them for me. Should go shopping with her more often .

    Have been playing around with my savings spreadsheet and have decided to rename my float money savings pot to a childcare savings (or rather spending pot). I get paid monthly but my child benefit and tax credits arrive weekly and this means sometimes when my childcare fees are due I dont have enough in my current account to cover it and I end up borrowing from savings then transfer it back later. So my aim is to transfer money to the childcare pot every week in order that I have 420 in there before my childcare bill is due. I have added 150 to the money that is already there and the next bill will be covering four weeks from week beginning 25th Sep.
    SPC11 #564
    • swimminginaseaofdebt
    • By swimminginaseaofdebt 13th Sep 17, 9:41 PM
    • 602 Posts
    • 3,232 Thanks
    swimminginaseaofdebt
    Took lunch to work Mon, Tue, Wed and also racked up 2 NSDs. Tue I had to pop into Tesco for some groceries and spent 7.79.

    Had a 26.50 payout from PA and a 50p one for Qmee so I sent 9 each to the childcare, annual expenses, and full and final settlement pots.

    Am waiting for 40 cashback from Quidco, it keeps getting delayed so I don't think they're going to pay out .

    Just remembered I finished the newest Lisa Jewell book today, reading is going well this month.
    Last edited by swimminginaseaofdebt; 13-09-2017 at 9:45 PM.
    SPC11 #564
    • swimminginaseaofdebt
    • By swimminginaseaofdebt 14th Sep 17, 9:45 PM
    • 602 Posts
    • 3,232 Thanks
    swimminginaseaofdebt
    A NSD for me, little one is not well so we've been stuck in the house.

    Cashed out 1.26 from Qmee and have paid that into my full and final settlement pot. Received a 10 Argos voucher from VO and requested a 5 Amazon voucher from Swagbucks.

    Read about Receipt Hog on JoJoC's diary and I've joined that. Always up for something that will bring in the cash!
    SPC11 #564
    • swimminginaseaofdebt
    • By swimminginaseaofdebt 17th Sep 17, 9:16 PM
    • 602 Posts
    • 3,232 Thanks
    swimminginaseaofdebt
    No further NSDs for me this week, spent 4.65 on groceries on Fri and 41.45 on them today. Yesterday I was naughty and spent 10 on a takeaway which will come out of my entertainment budget.

    The 5 Amazon I requested from Swagbucks arrived on Fri and I’ve added that to my list so I can use it for gifts in 2018. Have also had a 75p payout from Qmee and put that towards my full and final settlement fund.

    A few weeks ago I received a letter stating the remaining balance on my Natwest credit card had been bought by Cabot. Its balance sits at 3122 and this is the card I am targeting for my first full and final settlement. I’ve had a look around the boards and have discovered some people have negotiated a discount of up to 40% but I am going to take a cautious approach and save 75% of my current balance (25% discount) to settle this account (obviously I will start my negotiations from a much lower % and work my way up to the 75). This means I need to save 2325. I have decided to move the 1000 I have saved into my emergency fund to my full and final settlement pot. I have an account open for my little one which I pay 10 a month into. It currently has 845.07 in it and I am going to double it up to be my emergency fund. My thinking is that if I need to borrow money from it I can then simply replace it in time, as he is only 15 months he doesn’t need access to it at the moment. I am going on holiday next June and want this card paid off by then as it it will bring my debt close to the 15,000 mark.
    Last edited by swimminginaseaofdebt; 17-09-2017 at 9:36 PM.
    SPC11 #564
    • njk1012
    • By njk1012 17th Sep 17, 11:54 PM
    • 257 Posts
    • 2,206 Thanks
    njk1012
    I didn't wan't to read and run so just a quick post to say good luck, you seem very organised so far!

    I hadn't heard of Qmee, but I've signed up now and love the fact there is no minimum cash out figure.

    I also hadn't heard of good reads and I love a book too, so I'll be checking this out this week.
    Grocery Challenge Sept 17 407.79/434. Oct 17 394.44/400. Nov 17 228.71/400
    Car finance 28/08/2017 = 8819.52 Car finance now 7934.38 (27% paid).
    Tax credit debt 28/08/2017= 2300
    • swimminginaseaofdebt
    • By swimminginaseaofdebt 18th Sep 17, 9:56 PM
    • 602 Posts
    • 3,232 Thanks
    swimminginaseaofdebt
    I didn't wan't to read and run so just a quick post to say good luck, you seem very organised so far!

    I hadn't heard of Qmee, but I've signed up now and love the fact there is no minimum cash out figure.

    I also hadn't heard of good reads and I love a book too, so I'll be checking this out this week.
    Originally posted by njk1012
    Thanks for popping by njk1012, mostly I just witter on to myself . Hope you find the websites useful and I'll add your diary on to my to be read list .

    Clocked up another NSD over here. Have had my child benefit and tax credits come through for this week but all my bills/spends for the month have been accounted for so I have divided up the cash and sent 103 to the childcare pot and 30 each to the annual expenses and full and final settlement pot.
    SPC11 #564
    • swimminginaseaofdebt
    • By swimminginaseaofdebt 24th Sep 17, 8:31 PM
    • 602 Posts
    • 3,232 Thanks
    swimminginaseaofdebt
    Oh just realised I havent updated all week but Im going to keep this entry short and sweet

    Took lunch to work on Mon and Tue and on Wed I treated myself to a mozzarella, tomato and basil wrap with fries and a slice of cake. It cost 5 but I dont feel bad as (a) I enjoyed it! and (b) its the first time Ive bought lunch since going back to work 2 months ago.

    Spends for the week have been as follows:
    • Mon NSD
    • Tue NSD
    • Wed Groceries = 2.95/Entertainment = 5
    • Thu NSD
    • Fri Entertainment = 7.65
    • Sat Entertainment = 2.50
    • Sun Groceries = 42.80

    Have added my spends up for the month so far, think Ill come under budget so hope to transfer leftovers to my spending pots.

    Ive had a few very small payments from Qmee this week which have been added to my full and final settlement fund.

    Need to go set my budget for October but Im lacking motivation at the moment!
    SPC11 #564
    • swimminginaseaofdebt
    • By swimminginaseaofdebt 1st Oct 17, 7:23 AM
    • 602 Posts
    • 3,232 Thanks
    swimminginaseaofdebt
    Took my lunch to work on Mon, Tue and Wed, woohoo! Got paid on Friday and I managed to shuffle some leftover money around to my saving pots, have updated the totals in my opening post.

    Spends for the last week in Sep were:
    • Mon NSD.
    • Tue NSD.
    • Wed NSD.
    • Thu Groceries = 7.84/Entertainment = 12.20.
    • Fri Entertainment = 11.24.
    • Sat Entertainment = 14.25.

    Seps progress on my overall goals was as follows:
    • Spend a maximum of 200 on groceries spent 184.66.
    • Spend a maximum of 100 on entertainment/socialising spent 86.36.
    • Have 15 NSDs had 13 NSDs.
    • Take lunch to work 11 out of the 12 days I'll be there hit the 11 days.
    • Make an extra 120 only made 120.
    • Read 5 books read 5 books.

    For Oct Id like to:
    • Spend a maximum of 350 on groceries and entertainment/socialising (Im going away to a caravan for 3 nights with my sister and niece but it shouldnt be expensive as well take food/snacks).
    • Have 15 NSDs.
    • Take lunch to work 11 out of the 12 days Ill be there.
    • Make an extra 124.
    • Read 5 books.

    Just waiting for the supermarket to open then I need to nip down and get the shopping for the week before doing a batch of cooking for the little ones meals.
    SPC11 #564
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