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    • mumof3.12kindebt
    • By mumof3.12kindebt 23rd Oct 17, 9:38 PM
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    mumof3.12kindebt
    Best put on my big girl pants! my saving for a deposit diary
    • #1
    • 23rd Oct 17, 9:38 PM
    Best put on my big girl pants! my saving for a deposit diary 23rd Oct 17 at 9:38 PM
    My diary to debt free and saving for a deposit by 35 .

    we aim to save 25k before even going to the bank for a dip

    current age 25 . current financal status . trying but not trying hard enough . in debt with hardly a pot to wee in ... it has to change ... from today

    we have consolidated our debts as of November so will just do an update regarding extra payments and a remaining balance every few months.

    for the most part this will be my diary on saving for a deposit the highs lows and raising 3 children all currently 8yo or younger while doing it .
    Last edited by mumof3.12kindebt; 02-12-2017 at 5:56 PM.
Page 1
    • beanielou
    • By beanielou 24th Oct 17, 10:34 PM
    • 48,984 Posts
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    beanielou
    • #2
    • 24th Oct 17, 10:34 PM
    • #2
    • 24th Oct 17, 10:34 PM
    You might be best to post on the DFW diaries.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • mumof3.12kindebt
    • By mumof3.12kindebt 17th Nov 17, 4:00 PM
    • 145 Posts
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    mumof3.12kindebt
    • #3
    • 17th Nov 17, 4:00 PM
    • #3
    • 17th Nov 17, 4:00 PM
    this week i consolidated my debts . so now i only have one monthly repayment and much lower interest plus the catalogue (0%)

    in june my debt total was £14898 not including recurring credit card interest
    it currently stands at £12907.56 including loan interest

    £11766.60 loan 6.8% (total includes interest)
    £940.96 catalogue 0%
    £200 family member (brought a tent and camping equipment off them)

    we have 13 months until the end of next year . so my goals by 31st december 2018

    catalogue paid off (£940.96p)
    loan dd payments (£2549.43p)
    extra to loan (£450.57p)
    family paid (£200)
    savings goal £10,000 (house + emergency fund)
    Last edited by mumof3.12kindebt; 17-11-2017 at 4:05 PM.
    • mumof3.12kindebt
    • By mumof3.12kindebt 17th Nov 17, 4:09 PM
    • 145 Posts
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    mumof3.12kindebt
    • #4
    • 17th Nov 17, 4:09 PM
    • #4
    • 17th Nov 17, 4:09 PM
    how are we doing so far
    november 2017 - debt £12907.56 / savings £500
    December 2017
    January 2018
    feb
    march
    april
    may
    june
    july
    aug
    sept
    oct
    nov
    dec
    • mumof3.12kindebt
    • By mumof3.12kindebt 18th Nov 17, 5:05 PM
    • 145 Posts
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    mumof3.12kindebt
    • #5
    • 18th Nov 17, 5:05 PM
    • #5
    • 18th Nov 17, 5:05 PM
    Sold a few things. £34 made.

    Watching a film with the boys. Then it's tea baths and bed for the kiddies and I need to really crack on with my meds course for work
    • mumof3.12kindebt
    • By mumof3.12kindebt 18th Nov 17, 5:16 PM
    • 145 Posts
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    mumof3.12kindebt
    • #6
    • 18th Nov 17, 5:16 PM
    • #6
    • 18th Nov 17, 5:16 PM
    So thats 500 in savings. And 164 in the box so far. Will update tomorrow . Have a good evening all
    • mumof3.12kindebt
    • By mumof3.12kindebt 18th Nov 17, 7:02 PM
    • 145 Posts
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    mumof3.12kindebt
    • #7
    • 18th Nov 17, 7:02 PM
    • #7
    • 18th Nov 17, 7:02 PM
    More items sold and collected. Another £45 to add to the box

    I'm going to eat my tea and have an early night. Boys have gone to stay at my grandmas. I completely forgot about this. Hoping baby will settle okay. Haven't got as much as I wanted to get done during my week off but it's been nice to have a little rest TBH and just not be rushing around so much. I haven't done much in the way of preparing for Xmas.
    Cant wait till next pay day to add more to the savings accounts. Hoping to add around £1k next month.
    • mumof3.12kindebt
    • By mumof3.12kindebt 19th Nov 17, 1:32 PM
    • 145 Posts
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    mumof3.12kindebt
    • #8
    • 19th Nov 17, 1:32 PM
    • #8
    • 19th Nov 17, 1:32 PM
    £760 saved since the 7th of October .

    Boys are still with grandma so I'm going to crack on with my course from work.

    Have a lovely Sunday everyone
    • mumof3.12kindebt
    • By mumof3.12kindebt 20th Nov 17, 6:00 PM
    • 145 Posts
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    mumof3.12kindebt
    • #9
    • 20th Nov 17, 6:00 PM
    • #9
    • 20th Nov 17, 6:00 PM
    So I've used £200 of the savings to pay the family member what I owed them. So now it's just the loan and the catalogue . One less thing to worry about while saving up.
    • Silence101
    • By Silence101 20th Nov 17, 6:10 PM
    • 310 Posts
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    Silence101
    You’ve done quite well with your savings. How long is the catalogue on 0%? Will you have paid it off before they start charging you interest?
    09/17 Shared Ownership 50% share - Mortgage £77500 Original MFW 2052
    10/17 OP £108.01 /£100 11/17 £471.44/£100 12/17 £114/£100
    • mumof3.12kindebt
    • By mumof3.12kindebt 20th Nov 17, 6:19 PM
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    mumof3.12kindebt
    Thankyou
    Yes it will be paid before the interest I have until Sept 2018 . This is why I didn't include it within the loan consolidation otherwise I would of done.
    • mumof3.12kindebt
    • By mumof3.12kindebt 20th Nov 17, 6:23 PM
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    mumof3.12kindebt
    I've actually never paid interest on my catalogue one way or another I've always made sure it's paid. 30% interest is shocking!
    • mumof3.12kindebt
    • By mumof3.12kindebt 21st Nov 17, 12:54 PM
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    mumof3.12kindebt
    Food shop went over budget a bit. Must remember to take my calculator next week.
    • mumof3.12kindebt
    • By mumof3.12kindebt 23rd Nov 17, 8:47 PM
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    mumof3.12kindebt
    Swimming lessons paid. He's officially in lengths. The 60 weeks and 8 crash course lessons were totally worth it my eldest has gone from not being able to hold his head above water to swimming 20m lengths in this time. This is one investment I'll never regret. £400 (so far) well spend.
    Other than that other than fuel and a rare treat eating out the other day (£20 on fuel and £17 eating out) oh and £5 on some hairbands that will last my little girl ages we haven't spent anything else this week. And I don't plan to spend anything not budgeted for until well until we slip up. As everything going out between now and the new year has been budgeted for so it's just a case of sticking to the budget.
    I'm also owed some holiday which will be paid at the end of the year as I can't take it off so will be paid for the hours holiday instead. We have already agreed this along with any overtime from nov and Dec pay will be going straight too the savings as we don't need the money for anything. This is on top of what I'm able to save each month after all out goings. Ill update my aims post on the first of December of where we are at so it's easier to keep track
    • mumof3.12kindebt
    • By mumof3.12kindebt 23rd Nov 17, 9:04 PM
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    mumof3.12kindebt
    so my goals by 31st december 2018 UPDATE

    catalogue paid off (£940.96p)
    loan dd payments (£2549.43p)
    extra to loan (£450.57p)
    family paid (£200)
    savings goal £10,000 / £500 so far
    • mumof3.12kindebt
    • By mumof3.12kindebt 27th Nov 17, 11:18 AM
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    mumof3.12kindebt
    payed my car insurance for the year . Third year and its the first time I haven't had to pay monthly. Have some extra outgoings next month like end of term school music fees. Nursery fees at a higher than normal amount. Will transfer what we can afford to put into savings at the beginning of the month and any extra at the end. Still on track so far with meeting my targets. Before the end of next year will keep you updated
    • mumof3.12kindebt
    • By mumof3.12kindebt 29th Nov 17, 10:03 AM
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    mumof3.12kindebt
    Today is ds2 4th birthday due to his gdd he has no concept of it. He's just had new toys in his eyes.
    I'm thrilled though. We brought him a play house and no extras stuck to our £50 budget. Oh plus a cake for £2 from aldi that I've covered in sprinkles. Family have brought him books. A cuddly too. 2 toy cars and clothes and money so we haven't added lots of clutter into the house.
    Ds1 has decided he wants money for his birthday in January. He seems to be picking up on the value of money I'm very proud of him. He knows he gets £50 off us and has said he would rather money so if he decides he wants something for more than £50 he can put his pocket money or any money he gets off grandparents together to get it.
    He also knows he has a £50 budget for Xmas and has picked 3 gifts keeping within the £50 . I'm very proud of him he's 8yo. He knows we are saving to try and move and when he comes food shopping with me will constantly remind me if its not on the list I'm not allowed to buy it and will add everything up on the calculator as we go round and tell me how much we have left. I've always tried to explain to him that you should only buy What you can afford. If only I had told myself that the last few years I wouldn't have debt. But regarding my relationship with money compared to last year it is much improved and I'm in a much better place which is great. This year has been a whirlwind. But a good one. I no longer go to the fast food place a few times a week. I no longer go into town every week buying stuff for the sake of it. I budget better. I'm more money conscious. Last year I could be bothered to deal with the hassle of swapping insurance providers so paid more than I needed to wasting money. This year I swapped all it took was 30 minutes comparing online and a 5 miniute phone call to cancel the old policy. Okay so I've still wasted some money this year. Since September we have been alot better. And we will be continuing on our journey. I tell myself the less I waste the more I can save and the quicker we can move.

    We are going out tonight for a meal for sons birthday. Shouldn't cost alot and is budgeted for.

    Ds2 has gone to his Nans for an Hour to see his dad. Dd is asleep so I'm sat listening to the radio and enjoying some peace. Booked the day off as holiday today and have 4 shifts at work this week so effectively doing overtime of 14 hours this week (7 hours are today) .

    Once everything is accounted and budgeted for on the first everything spare will go in savings to prevent us spending any extra and this will continue over the next year. It's the easiest and best way for us to save
    • mumof3.12kindebt
    • By mumof3.12kindebt 29th Nov 17, 9:02 PM
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    mumof3.12kindebt
    Tonight Was lovely. Added bonus dad brought his new girlfriend along and asked what me and my partner wanted for Xmas. (he's trying to impress new girlfriend) I said we dont need anything but mentioned money towards a national trust pass.dad my brother and nan are going to club together and buy us an annual family pass. Which is awesome it means free or cheap days out. I'm so happy x he knows we are trying to save up and reduce in things that are wasteful (ie things we dont really need) and I'm so glad he's on the same page
    • mumof3.12kindebt
    • By mumof3.12kindebt 1st Dec 17, 1:55 PM
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    mumof3.12kindebt
    1st of December Which means money shuffle day.
    All budgeted money has been transferred and all savings transferred to stop us spending it.
    250 saved for Xmas
    210 in emergency fund
    1010 saved in house fund.

    Doesn't seem alot but I decided to use some savings last month to pay my car insurance in full instead of monthly so yesterday we only actually had 250 in total left in the savings .

    This means I've added 1010 this month and I haven't been paid my overtime yet so still have that to add to it.

    This means for our first month in starting this. (because I didn't start until this month officially) as long as we don't touch it. Which we won't. We have hit our target to try and save around 1k a month.

    Tonight is a movie night at home
    Tomorrow is eBay listing and a Baking day
    Sunday is work and meds course to crack on with.
    Monday I'm going to do more decluttering and work and meds course
    Tuesday work and meds course
    Wednesday work and meds course
    Thursday decluttering meds course and work
    Friday decluttering and work

    That's the week planned.
    Hoping to sell enough stuff to get £50 in my PayPal account. This time of year trying to sell and make. £50 is like trying to make £500

    I'm going to book a half term off early next year and I will literally spend the week doing a clearout skip runs and selling
    • mumof3.12kindebt
    • By mumof3.12kindebt 1st Dec 17, 1:57 PM
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    mumof3.12kindebt
    800 in house fund Sorry . Still means we have put 1010 in savings this month. See above. Sorry can't edit the post on my phone
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