Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Jaydee92
    • By Jaydee92 29th Nov 17, 2:41 PM
    • 33Posts
    • 102Thanks
    Jaydee92
    Getting prepared for a New Year.
    • #1
    • 29th Nov 17, 2:41 PM
    Getting prepared for a New Year. 29th Nov 17 at 2:41 PM
    Good afternoon,

    I have been on and off these threads for a long time and I have gone to start a diary many a times. I am just going to go for it and I am hoping that even if no one reads it, it will help me day by day to keep myself on track.
    My husband thinks the month before Christmas is a funny time to start really keeping track of our budget but good a time as any!
    Luckily, I have nearly finished our Christmas spends anyway as I do it throughout the year. We both usually get a Christmas bonus that will come in handy, but cannot be guaranteed.
    So, a bit of our story..
    We are a family of 4 and have been on a DMP for a couple of years now and currently owe just over £20,000. We have had to put our monthly payment down as DH was made redundant the beginning of this year when the company went into administration.
    Because we have to give StepC the lowest possible wage he can earn, we do sometimes have extra money and while we have had good intentions to put this aside, that never seems to happen.
    I write a budget every month and we rarely stick to it
    My plan is to really stick to our budget from now on and if it is not budgeted for, to wait until it is. 2018 I would like to be more prepared for all eventualities and to not have to go month to month waiting for the next pay. I am hoping to have lots more NSD'S. My DH needs a bit of a kick up the backside in this area and recently asked what I meant when I challenged him to a week of NSD'S he did not do great, but better than normal. To be honest, the next few days are not going to be great for any of us as it's only a few days away from DD'S birthday and we need cake, balloon and a couple of bits and bobs. She is having a party but that was paid for long ago and was saved for.
    I love the fact we have had no access to any credit since starting our DMP journey. Some months have been worse than others but that's life.!

    If anybody does read this, HELLO** I do plan on coming back everyday and keep myself on track and if any of you have any ideas, please do let me know.

    Have a wonderful day.

    JD xx

    P.S hoping this is now on the right thread (debt free diaries) takes me a while to get a hang of these things

    !
Page 1
    • DebtFreeDuo
    • By DebtFreeDuo 29th Nov 17, 2:44 PM
    • 632 Posts
    • 3,083 Thanks
    DebtFreeDuo
    • #2
    • 29th Nov 17, 2:44 PM
    • #2
    • 29th Nov 17, 2:44 PM
    Happy new diary! It is in the right place now, good luck with your journey. Have you taken a look at the statement of affairs (SOA)?
    Loan:1780.49 2207.38 Car Loan:2039.22 2419.64 0% CC:984.98 1063.48 Overdraft: 860 Overpayment:1781 Total: 7445.69 DFD Dec 18
    SPC 586
    • Jaydee92
    • By Jaydee92 29th Nov 17, 2:56 PM
    • 33 Posts
    • 102 Thanks
    Jaydee92
    • #3
    • 29th Nov 17, 2:56 PM
    • #3
    • 29th Nov 17, 2:56 PM
    Yay. Thank you DebtFreeDuo. Your help is appreciated! As our monthly incomings do vary I always do a budget for each month. Tomorrow is pay day and will know then what we have to work with for the month.
    Must dash, school run and appointment after to attend. Will be back tomorrow

    JD x
    • EssexHebridean
    • By EssexHebridean 29th Nov 17, 3:08 PM
    • 8,232 Posts
    • 43,628 Thanks
    EssexHebridean
    • #4
    • 29th Nov 17, 3:08 PM
    • #4
    • 29th Nov 17, 3:08 PM
    Might be worth you filling out the SOA anyway - just base things on the lowest income you have in any one month - then when it's more, you have extra to save. (NOT spend!)

    Think about things like saving for annual expenditures as well - and things that perhaps are currently a monthly spend but you'd like to be able to do annually - insurances are a good example, they usually cost you more to pay on a monthly basis so it makes sense to make them annual as soon as possible. Car road tax is another example.

    Definitely a good plan to revisit any budget regularly though - when I started budgeting I used to keep a spreadsheet showing exactly what we'd spent on food for example so I could keep track more easily - that really helped.
    MORTGAGE FREE 30/09/2016
    Sainsbugs 0% card: 22/12/16 £1229.00/£702.45 (20/11/17)
    SOA Calculator for DFW newbies: Stoozing.com SOA Calculator
    • enthusiasticsaver
    • By enthusiasticsaver 29th Nov 17, 3:46 PM
    • 4,865 Posts
    • 9,188 Thanks
    enthusiasticsaver
    • #5
    • 29th Nov 17, 3:46 PM
    • #5
    • 29th Nov 17, 3:46 PM
    Christmas is exactly the time to concentrate on keeping track of budget as this when it is hardest along with the summer holidays.

    Saving an emergency fund is the way to be prepared for all eventualities. More important when you have no access to credit.
    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
    • DebtFreeDuo
    • By DebtFreeDuo 29th Nov 17, 8:06 PM
    • 632 Posts
    • 3,083 Thanks
    DebtFreeDuo
    • #6
    • 29th Nov 17, 8:06 PM
    • #6
    • 29th Nov 17, 8:06 PM
    I agree with EH about the SOA, I would base it on the minimum and then you can look at where best to put any extra each month, whether it is savings or overpaying on your debts. An SOA also helps others to advise you better both on outgoings and on debts, for example the best way to make overpayments, both EH and ES here are fantastic when it comes to advice on an SOA.
    Loan:1780.49 2207.38 Car Loan:2039.22 2419.64 0% CC:984.98 1063.48 Overdraft: 860 Overpayment:1781 Total: 7445.69 DFD Dec 18
    SPC 586
    • Jaydee92
    • By Jaydee92 30th Nov 17, 8:07 AM
    • 33 Posts
    • 102 Thanks
    Jaydee92
    • #7
    • 30th Nov 17, 8:07 AM
    • #7
    • 30th Nov 17, 8:07 AM
    Good morning,

    Here goes....

    Income -
    Wage 1 - £1640
    Wage 2 - £150
    Child Tax - £396.60
    Child Benefit - £137.60
    = £2324.20

    Expenditure -
    Rent £558
    Council Tax £155
    Shopping £445 (£85 a week + £20 a month for toiletries)
    DMP £210
    Petrol £100
    Gas/Elec £88
    Water £30.51
    Mobiles £26.50 (DH £13 MINE £8.50 DS £5)
    Car insurance £36.98
    Car Tax £23.62
    BT £21.37
    TV £37.37 (sky £25 including broadband. £12.37 TV License)
    Opticians/Dentist £20
    Clubs £14
    Prescriptions £10.40
    Contents insurance £9.76
    Hair cuts £10
    Emergencies £80
    Savings £60
    Clothes £50
    Trips/Hobbies £30
    Work Petrol £40
    Prime £9.99
    DH £60
    Christmas/Birthdays £120

    = £2246.50

    Leaving a surplus of £77.70


    This is a standard budget for us. Although the Christmas/Birthday pot is nowhere near as high normally. But then, things like Emergencies and savings and sometimes even the clothes budget get wiped out on things that are non essential this is where our problems lie!as when things do go wrong, those pots are empty. My wage is at the lowest it can be as I only work part time a few mornings a week. It will be over the £150 this month, but I never put that down until I know what it will be. This is what I usually save through the year for christmas/Birthdays/treats.

    This month there is £77.70 unaccounted for and I am really hoping this is the month we can stick to our budget, have money pots full at the end and have this £77.70 to go towards debt. (We are with StepC who do not like you paying additional payments to one creditor. Do you think opening a new savings account to put this money in, is a good idea?)

    I am sorry I do not how to do one of those fancy SOA's you all do please let me know what you think or any tips you may have, it would be very much appreciated.


    I have work this morning and then will! walk to town to get the last few bits for DD birthday on the weekend. I have £40 that I managed to keep by (this was from our last £50 of Novembers money. £10 was given to DS yesterday to have his hair cut) that needs to get cake, party bag sweets, birthday cards, balloon and hopefully a new top for her party. I am pretty sure I can get all I need for under that, so may have a few extra pennies for the saving tin.

    Hope you all have a wonderful day.

    JD x
    • Jaydee92
    • By Jaydee92 30th Nov 17, 7:49 PM
    • 33 Posts
    • 102 Thanks
    Jaydee92
    • #8
    • 30th Nov 17, 7:49 PM
    • #8
    • 30th Nov 17, 7:49 PM
    Evening,

    Unsuccessful trip down town after work this afternoon. Apart from ordering a balloon, I could not get anything else I needed. So, ended up going to the next nearest town 20 minutes away. Managed to get all the last bits for DD's birthday there. Managed to stick to my list too. Had £2.11 left over - I have asked to join the sealed pot challenge on here, so that will be going into the tin.
    After school me and DD went out to meet friends. She was treated with a cake, drink and a present to start the birthday celebrations early, I got treated to a lovely hot cup of tea too
    Then, this evening I have been to my SW meeting. I am still in a countdown so do not pay until the New Year again. I have lost over 2 stone in 4 1/2 months and feel much better for it. I am aiming to get to my target in the New Year, so can then go for free.

    Tomorrow I am hoping to start December, with a NSD.

    Have a wonderful evening

    JD x
    • DebtFreeDuo
    • By DebtFreeDuo 30th Nov 17, 8:13 PM
    • 632 Posts
    • 3,083 Thanks
    DebtFreeDuo
    • #9
    • 30th Nov 17, 8:13 PM
    • #9
    • 30th Nov 17, 8:13 PM
    http://www.stoozing.com/calculator/soa.php

    Go here if you want the one we all use, you can copy it here by selecting MSE at the bottom and pasting it here I believe.
    Loan:1780.49 2207.38 Car Loan:2039.22 2419.64 0% CC:984.98 1063.48 Overdraft: 860 Overpayment:1781 Total: 7445.69 DFD Dec 18
    SPC 586
    • Jaydee92
    • By Jaydee92 1st Dec 17, 11:19 PM
    • 33 Posts
    • 102 Thanks
    Jaydee92
    Evening,

    Thank you DebtFreeDuo, I will take a look at that.

    December is here, advents are out and it's the weekend, happy times
    Wanted to start the month with a NSD, which I did Had work this morning and got to put up the Christmas tree which cheered me right up. Had a lovely visit with my BF and then home from school to do party prep
    Weekend is a busy one, am hoping for some more NSD'S. As it's usually in the middle of the month we blow the budget because we aren't that sensible at the beginning. I am really determined to go for it this month with our best efforts.

    Have a lovely weekend

    JD x
    • beanielou
    • By beanielou 3rd Dec 17, 4:59 PM
    • 49,084 Posts
    • 182,299 Thanks
    beanielou
    Great weight loss
    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***
    • Jaydee92
    • By Jaydee92 3rd Dec 17, 7:25 PM
    • 33 Posts
    • 102 Thanks
    Jaydee92
    Good evening,

    So, yesterday was totally manic for DD birthday and party. She had a fabulous day :-) was so special to see her celebrating with family and friends. Today consisted of sorting out gifts, getting the Christmas tree up and then to another toddler party.
    I have managed another NSD today had to order food shopping last night so can't class yesterday as one, but happy to say I didn't spend anything else and shopping come within budget. Would have probably spent on a cup of tea at the party yesterday but literally had no time.

    Thank you beanielou, I have 7 1/2lb to go until my target. I am hoping to be able to get that for when my countdown runs out in the New Year so I can go for free, even if for a little while.

    Good night

    JD x!
    • beanielou
    • By beanielou 4th Dec 17, 12:37 PM
    • 49,084 Posts
    • 182,299 Thanks
    beanielou
    Sure you can get to target before your countdown runs out.
    Remember once at target you can go 3 lbs each way.
    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***
    • Jaydee92
    • By Jaydee92 4th Dec 17, 7:56 PM
    • 33 Posts
    • 102 Thanks
    Jaydee92
    Good evening,

    So not a NSD today. It's a family members birthday and I had thought DH had bought their present already but he had not, so walked down town quickly to get something. That come off the christmas/Birthday budget and I also bought DS a Christmas jumper in the charity shop so have taken that off the clothing budget.
    Whilst I was there I went and booked an eye test for next week. This is one thing on our list that I have managed to save for each month, as I am desperately in need for new glasses. Also my DM bought me a voucher to go towards them so hopefully I will have enough without having to add to it.
    I also had to get out £30 to pay for DS scout trip, so hobbies/trips is now down to £0.
    I did however sell some of DS old climbing gear today for £40. Will put £20 in the tin and keep the other £20 for ice skating nearer christmas.
    Didn't have work today so have been having a good sort out, mainly DD craft stuff as she has mega amounts and got more as gifts on the weekend. She does love sitting and doing crafts and has enough to last for a while now.

    Have a lovely evening

    JD x
    • Jaydee92
    • By Jaydee92 5th Dec 17, 9:33 PM
    • 33 Posts
    • 102 Thanks
    Jaydee92
    Hello.

    Managed to have another NSD today, had work and then was busy helping my sister put together a wardrobe at her new house.
    I am going to have to sit down and figure out what is left to buy for christmas and either go shopping or do it online if I can. But that can wait as I have only just got in from picking DS up from Scouts and I am feeling really tired this evening.
    DS rang me after school today to say his glasses had broken, so we will both be getting new glasses. They wasn't fixable as they do not stock those frames anymore but DH has managed to super glue the arm back on for now until he has a new pair, have an appointment tomorrow for him.
    I had a text reminder off the dentist today to say I had an appointment for Thursday.! This will be my reminder to actually write everything down on the calendar next year, as I was unaware that I had one due. I have had to cancel it anyway as after the manic weekend I have two big cold sores and am feeling run down.
    Tomorrow will be spent at home, sorting stuff out and cleaning, and possibly have time to sit down and sort the christmas list out.

    Have a good evening

    JD x
    SPC - Number 322
    • Jaydee92
    • By Jaydee92 6th Dec 17, 7:13 PM
    • 33 Posts
    • 102 Thanks
    Jaydee92
    Good evening,

    So today was not a NSD in the slightest. I managed to sit down and do an online order for christmas and ticked quite a few off my list. I spent £65.07 out of the christmas/birthdays budget. Also spent £16.50 out of the clothing budget for a tshirt for DS, although this will also be a Christmas present.
    Unbudgeted spend today include a £10 top up on glasses frame that DS chose at his appointment. So, that will have to come out of the surplus money we had to begin the month.
    Also, had to pay the 20p for parking in town after school for appointment, usually walk down but needed to be back for another appointment at DD school so would have been to much of a rush. Have a pile of 20p's in the car for this anyway.
    Did manage to have a good clean of the house this morning although I did not get everything that I wanted done, as still not feeling 100%.
    I am still feeling determined to keep on track of everything and to be better prepared in the New Year.

    Have a lovely evening

    JD x
    SPC - Number 322
    • Jaydee92
    • By Jaydee92 6th Dec 17, 7:29 PM
    • 33 Posts
    • 102 Thanks
    Jaydee92
    My aim for 2018

    * Stick to Budget
    * Save for Debt Repayment
    * Save for DS Scout trip to Europe in 2019
    * Decide how to save for Christmas (usually save for vouchers but have felt more restricted this year as not buying as many toys etc)
    * Find more ways to save money

    That's it for now and if I manage those I will be extremely happy.

    JD x
    SPC - Number 322
    • Jaydee92
    • By Jaydee92 7th Dec 17, 7:37 PM
    • 33 Posts
    • 102 Thanks
    Jaydee92
    Good evening,

    Today was not a NSD again but only by luck was it not an unbudgeted spend. I sold another item on selling site for £10, which I dropped off on my way to work this morning. But I only remembered last night that after school today was DD school christmas fayre. So, I used the £10 so the budgets are still intact for now. Bought back £3.75 change so have put it in the tin.
    After the fayre I had to go pick DS up from DofE before going to my SW meeting. I lost 1lb this week, very happy with that as I did have quite a bit of birthday cake on the weekend. I have another 5 1/2lb to go until target.
    Tomorrow, I am going to my DP so should be a NSD, all being well.

    Have a good night

    JD x
    SPC - Number 322
    • EscapingTheAlarm
    • By EscapingTheAlarm 7th Dec 17, 9:01 PM
    • 49 Posts
    • 76 Thanks
    EscapingTheAlarm
    It sounds like you’re doing a great job! I really like that you have given yourself goals for next year- I reckon that’s a great way to keep motivated and I think I’ll do the same. Keep going!
    ETA x
    • Jaydee92
    • By Jaydee92 8th Dec 17, 8:07 PM
    • 33 Posts
    • 102 Thanks
    Jaydee92
    Many thanks ETA, nice to hear someone thinking I am doing okay I know I am only a week in but already I am feeling more on top of things. Just by making sure I write everything down and not just hoping I remember what we have spent money on and then have no idea where it all went.
    It also helps me that all my family and friends know about our situation and why we are in it, they have commented on how much more determined I seem to actually succeed this time. (DH side of the family know nothing but that's his choice, and I have no intentions of telling them either) my BF has bought me a lovely budget book for the new year
    Today was a NSD and also got some vouchers for next christmas I help my DP once a month with ironing etc and they pay me with vouchers, I do this throughout the year and it really helps at Christmas. Cash burns a hole in my pocket usually so this has always worked best for me. Also helped them put up their christmas decorations today, which I love doing.
    We are planning on a quiet weekend this weekend as DC are pretty tired out this week. DD still has two weeks left of school

    Have a wonderful Friday night

    JD x
    SPC - Number 322
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,971Posts Today

7,199Users online

Martin's Twitter