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  • FIRST POST
    • littlemissbudgetqueen
    • By littlemissbudgetqueen 7th Sep 17, 11:53 AM
    • 35Posts
    • 55Thanks
    littlemissbudgetqueen
    Dreaming of being a budget queen!!!
    • #1
    • 7th Sep 17, 11:53 AM
    Dreaming of being a budget queen!!! 7th Sep 17 at 11:53 AM
    I have been sitting reading through everyone's diaries and it has left me feeling motivated to get myself organised with a diary even if nobody else reads it. Debts/Savings as at today are as follows:


    Car Loan: £624/£14,000
    Barclay CC: £5151.05
    Halifax CC: £3.44
    Loan for Professional Studies: £5851.66/ £8660.00
    Argos Card: £332.95/£372.95
    Mortgage: £66,577.00/House value £125,000.00
    LISA: £150.00
    NS&I: £200.00

    I know where most of the money has gone and it relates to one off expenditure (i.e. Barclaycard was a renovation project) that won't need to happen again but I now want to focus on getting the debt paid off and starting to save. I have already started an excel spread sheet which I use for all budgeting but I always end up having to play around with the figures due to extra spending- going clothes shopping and spending more than I intended or heading out for dinner/getting a takeaway. So really my focus now is to be accountable and I think this diary should help.

    I am 29 and the aim is that by 30 we will be completely debt free (DH and I have joint accounts for everything). We have a couple of holidays already planned over the next year but have made myself a budget for these so that neither will require any credit card spending (that's the aim anyway) so hopefully from today the debt about will continue to decrease.

    So that's me for now - I will do out a SOA in the next post once I figure out where I get the format from and also post my goals for next few months.

    Bye for now x
Page 2
    • littlemissbudgetqueen
    • By littlemissbudgetqueen 18th Oct 17, 9:15 AM
    • 35 Posts
    • 55 Thanks
    littlemissbudgetqueen
    Heading away today with work for two days so I am all packed up and getting ready to leave. DH and I sat down last night and chatted about our plan to have the forever house by Sept 2019. He is really keen to move before that and to be fair to him I know that he really only moved to the current house we are in to keep me happy. We have agreed to do what we can to bust the debt and save on a stricter level. The new goal is to get to £20,000 savings and then also have the LISA money on top of it which should hopefully be £2000. The aim is still to keep this house as a rental property.


    We have decided after this big holiday in January we wont go on any other biggies until we move to the new house. Within my budget I had anticipated around £3000 for another holiday before we moved so that will just be forgotten about and added to savings. So there it is....new goal is to save £20,000 in as little time as possible....wish me luck
    Car Loan: £14,000 - PAID ,Credit Cards:£4800.00 / £5154.49 Prof. Study Loan:£5137.98/ £8660.00,Argos Card:£217.00/£372.95, Mortgage:£66,000.00 (approx.) /House value£125,000.00
    Goals:
    £350.00
    /£20,000 Savings (ASAP - Sept 2019 at latest)
    LISA: £550.00 NS&I: £200.00

    Weight Loss: 1.5lb / 30lb
    • littlemissbudgetqueen
    • By littlemissbudgetqueen 27th Oct 17, 6:03 PM
    • 35 Posts
    • 55 Thanks
    littlemissbudgetqueen
    Everything was a bit manic over the past couple of days. Work has been really busy as there is a deadline coming up so I've been working late as well as attending classes at the weekend which just means there isn't much time left for anything else.


    The budget has been going well although there have been a few budget fails:
    - DH is away with work and realised he doesn't have any smart clothes (apart from a suit which is too smart) so we had to get him a couple of pairs of chinos and a smart jacket. He is usually quite fussy - I've mentioned this before with his jeans. However he left me to go and get things and was happy with all my purchases - I got two pairs of trousers and a jacket for £100.00 which I'm happy with considering the other jacket he had been eyeing up was £120 alone.
    - I got my haircut which was much needed but cost £65.00 - however I am really happy with it and think it has been a year since I've got it done


    The other reason I've been away is my parents had put an offer in on a house which they would be downsizing to. They offered DH and me the opportunity to buy theirs at a slightly reduced price but to include all furniture. We have been weighing this up and how it would impact the budget etc. Their house is a lot bigger and more expensive than we would ever have anticipated so we were spending a lot of time looking at the costs involved. Today however my parents have rang to say that they have pulled out of the purchase - they realise they aren't ready to downsize yet. This puts a stop to us thinking about buying theirs which to be honest would probably have left things tight for us - but has made me want to knuckle down even more so that I can be closer to our forever house.


    Payday has arrived I have set money aside for our big holiday in January and have updated the signatures. I will put more detail in once the loan goes out on 31 October as this will give a more up to date picture of our finances.
    Car Loan: £14,000 - PAID ,Credit Cards:£4800.00 / £5154.49 Prof. Study Loan:£5137.98/ £8660.00,Argos Card:£217.00/£372.95, Mortgage:£66,000.00 (approx.) /House value£125,000.00
    Goals:
    £350.00
    /£20,000 Savings (ASAP - Sept 2019 at latest)
    LISA: £550.00 NS&I: £200.00

    Weight Loss: 1.5lb / 30lb
    • littlemissbudgetqueen
    • By littlemissbudgetqueen 2nd Nov 17, 4:30 PM
    • 35 Posts
    • 55 Thanks
    littlemissbudgetqueen
    I'm back again with an update for the start of this month. The next couple of months I wont be able to pay as much off the debt but that's because we are heading away in January for a holiday (realistically a once in a lifetime type of holiday). We have already paid quite a bit towards it but I'm determined to have cash for whilst we are there and not put anything on the credit cards.


    Debt as at today:
    Car Loan: £0/£14,000
    Credit Cards: £5181.00 / £5154.49 - I know this hasn't moved much but this was due to the clothes for DH which I just hadn't budgeted for. I have managed to pay most of this off and hoping my work travel expenses will also reduce it by a good bit this month.
    Prof. Study Loan: £5390.07/ £8660.00
    Argos Card: £255.00/£372.95
    Mortgage: £66,000.00 (approx.) /House value £125,000.00

    LISA: £150.00
    NS&I: £200.00
    Savings for Holiday: £500.00
    Car Loan: £14,000 - PAID ,Credit Cards:£4800.00 / £5154.49 Prof. Study Loan:£5137.98/ £8660.00,Argos Card:£217.00/£372.95, Mortgage:£66,000.00 (approx.) /House value£125,000.00
    Goals:
    £350.00
    /£20,000 Savings (ASAP - Sept 2019 at latest)
    LISA: £550.00 NS&I: £200.00

    Weight Loss: 1.5lb / 30lb
    • littlemissbudgetqueen
    • By littlemissbudgetqueen 2nd Nov 17, 4:41 PM
    • 35 Posts
    • 55 Thanks
    littlemissbudgetqueen
    Having typed that I was feeling a bit down that I hadn't managed to chip much away from the credit cards. However I have just checked how much the overall debt has decreased (excluding mortgage) and it has gone from £11,963.05 to £10,826.07 - that's a reduction of £1136.98 in two months
    Car Loan: £14,000 - PAID ,Credit Cards:£4800.00 / £5154.49 Prof. Study Loan:£5137.98/ £8660.00,Argos Card:£217.00/£372.95, Mortgage:£66,000.00 (approx.) /House value£125,000.00
    Goals:
    £350.00
    /£20,000 Savings (ASAP - Sept 2019 at latest)
    LISA: £550.00 NS&I: £200.00

    Weight Loss: 1.5lb / 30lb
    • littlemissbudgetqueen
    • By littlemissbudgetqueen 7th Nov 17, 2:48 PM
    • 35 Posts
    • 55 Thanks
    littlemissbudgetqueen
    I have been travelling all over the place with work so haven't had a chance to come on here. I weighed myself yesterday - first week that I have made a conscious effort to exercise more and have lost 1.5lb
    I'm so happy with this - I really want to lose as much as possible before the holiday and more importantly by my 30th birthday.

    I have made some small payments today towards the Argos card (£5.00) and Credit Cards (£6.64). I have transferred the holiday savings money into a separate account so I wont touch it until we are getting ready to go.

    DH has signed up for the gym but hasn't actually gone yet (he signed up about 6 weeks ago) - its £30.00 a month so if he doesn't start going I'm going to tell him to cancel. It just doesn't make sense to pay £360.00 per year for something that isn't being used.

    We have two busy weekends coming up - one is a trip with DHs parents and the other is with a group of friends. I have set money aside and the accommodation is already paid for both - I'm determined to stick to the budget!
    Last edited by littlemissbudgetqueen; 07-11-2017 at 2:51 PM.
    Car Loan: £14,000 - PAID ,Credit Cards:£4800.00 / £5154.49 Prof. Study Loan:£5137.98/ £8660.00,Argos Card:£217.00/£372.95, Mortgage:£66,000.00 (approx.) /House value£125,000.00
    Goals:
    £350.00
    /£20,000 Savings (ASAP - Sept 2019 at latest)
    LISA: £550.00 NS&I: £200.00

    Weight Loss: 1.5lb / 30lb
    • littlemissbudgetqueen
    • By littlemissbudgetqueen 24th Nov 17, 11:51 AM
    • 35 Posts
    • 55 Thanks
    littlemissbudgetqueen
    Well DH got paid today so I couldn't wait to pay off some more debt and transfer money into holiday savings just to see where we are for the start of December. DH got paid a bonus from work so I have assigned it into different pots.


    Debt as at today:
    Car Loan: £0/£14,000
    Credit Cards: £4800 / £5154.49 - I am so happy to have this under £5000!!!
    Prof. Study Loan: £5390.07/ £8660.00 - This hasn't gone out for next month so I will update when it does.
    Argos Card: £217.00/£372.95 - Interest free until March so I need to increase payments on this.
    Mortgage: £66,000.00 (approx.) /House value £125,000.00

    LISA: £550.00 - Have added a good bit into this from the bonus
    NS&I: £200.00
    Savings for Holiday: £1480.00 - This figure includes DHs spends from the bonus which he is using to buy some clothes whilst we are away.
    Car Loan: £14,000 - PAID ,Credit Cards:£4800.00 / £5154.49 Prof. Study Loan:£5137.98/ £8660.00,Argos Card:£217.00/£372.95, Mortgage:£66,000.00 (approx.) /House value£125,000.00
    Goals:
    £350.00
    /£20,000 Savings (ASAP - Sept 2019 at latest)
    LISA: £550.00 NS&I: £200.00

    Weight Loss: 1.5lb / 30lb
    • Purplemumof2
    • By Purplemumof2 24th Nov 17, 12:12 PM
    • 5,298 Posts
    • 18,690 Thanks
    Purplemumof2
    Hi littlemiss,

    Always good when pay day comes to the household

    Well done on getting the CC's under the £5k mark.

    Pmo2
    x
    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
    • littlemissbudgetqueen
    • By littlemissbudgetqueen 30th Nov 17, 11:17 AM
    • 35 Posts
    • 55 Thanks
    littlemissbudgetqueen
    Thank you Purplemum it is such a good feeling to get them under the 5k. I love pay day when I actually feel like we have a good amount of money sitting in the accounts.

    We have been really busy recently going away for the past two weekends. Last weekend was with a group of friends from school and it was the first time in years that we have all managed to get together. I had set aside £200 for this (accommodation was already paid). We went over budget but DH and I had agreed that any extra money would come from our personal pocket money.

    I've been off work now with the flu both Tues and Wed - working from home today as we have so much on and I felt bad taking any more days off. Think I've just run myself down with travelling all over the place with work and then having weekend classes not to mention the two trips away one weekend after each other. I'm planning to take it very easy this weekend.

    Money has gone out today for my professional loan so I'm going to update the signature - really looking forward to getting that amount under 5k which will happen with the next loan instalment going out

    Debt as at today:
    Car Loan: £0/£14,000
    Credit Cards: £4800 / £5154.49
    Prof. Study Loan: £5137.98/ £8660.00
    Argos Card: £217.00/£372.95
    Mortgage: £66,000.00 (approx.) /House value £125,000.00

    LISA: £550.00
    NS&I: £200.00
    Savings for Holiday: £1480.00

    Since last month then this has been a decrease in debt of: £671.09 and an increase in long-term savings of £400.00.
    ( I am ignoring the holiday savings as these will be all spent when we go away in January)
    Car Loan: £14,000 - PAID ,Credit Cards:£4800.00 / £5154.49 Prof. Study Loan:£5137.98/ £8660.00,Argos Card:£217.00/£372.95, Mortgage:£66,000.00 (approx.) /House value£125,000.00
    Goals:
    £350.00
    /£20,000 Savings (ASAP - Sept 2019 at latest)
    LISA: £550.00 NS&I: £200.00

    Weight Loss: 1.5lb / 30lb
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