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  • FIRST POST
    • PositiveBalance
    • By PositiveBalance 1st Jan 18, 10:54 PM
    • 603Posts
    • 2,815Thanks
    PositiveBalance
    Positive Balance: Focused on Budgeting
    • #1
    • 1st Jan 18, 10:54 PM
    Positive Balance: Focused on Budgeting 1st Jan 18 at 10:54 PM
    Hello everyone and happy New Year!

    I'm back. A bit shamefacedly, but here I am.

    I shuffled off to the MFW boards once I bought my house 2 years ago, shiny-faced, naÔve and hopeful that I would be able to debt-bust and overpay my mortgage all at the same time.

    Then reality hit and I needed to repay a large chunk of my debt back to source quickly – more quickly than I would have been able to based on my rather meagre wages – so I took out a 0% credit card and paid everything I could against it (bills, shopping etc.), stashing the cash I would have used for those in a bank account and using that to pay back the debt.

    Now it's time to pay the card back.

    I've still got the remaining balance on the debt to repay, but I'm going to focus on paying the CC back first (subject to change if necessary).

    This past year has been financially tumultuous with making sporadic payments on an as-necessary basis.

    This year I need to get a bit more structure. I've also realised that I am not great at creating budgets and sticking to them, so that's also my aim: I need to be sure where every pound and penny is going and be able to stick to it.

    I'll be back soon with more (including SOA) but I just wanted to post this while it was still New Year's Day.

    At time of this first post debt repayments stand as follows:

    Original debt: £11639.02
    Repaid to source: £6000.01*
    Remaining balance due to source: £5639.01
    Credit card balance: £4999.10

    So here's to a structured and thoroughly boring financial year ahead!

    *Yes, I did make an extra payment last night to get it to over £6K repaid in time for the New Year. Call me superstitious if you will!
    Original debt to source: £11,639.02; debt repaid: £6200.01 (53%); remaining debt: £5438.01.
    0% CC balance: £4999.10 (was £5000).

    Terrimundi: £4.00

Page 1
    • PositiveBalance
    • By PositiveBalance 1st Jan 18, 10:56 PM
    • 603 Posts
    • 2,815 Thanks
    PositiveBalance
    • #2
    • 1st Jan 18, 10:56 PM
    • #2
    • 1st Jan 18, 10:56 PM
    *Reserved for SOA*
    Original debt to source: £11,639.02; debt repaid: £6200.01 (53%); remaining debt: £5438.01.
    0% CC balance: £4999.10 (was £5000).

    Terrimundi: £4.00

    • PositiveBalance
    • By PositiveBalance 3rd Jan 18, 1:32 AM
    • 603 Posts
    • 2,815 Thanks
    PositiveBalance
    • #3
    • 3rd Jan 18, 1:32 AM
    • #3
    • 3rd Jan 18, 1:32 AM
    Hi all,

    I just typed a longish post and my computer has eaten it.

    It's too late to write it all again so I will be back to write up today's events at a more reasonable hour when the wind is not quite as lively.

    CC min payment plus £1 extra paid off today bringing balance down to £4887.73.

    Other financial shenanigans today have been less fun, but that's a considerably longer post so I'll deal with that when my computer isn't quite so hungry!

    Sleep tight, y'all!
    Original debt to source: £11,639.02; debt repaid: £6200.01 (53%); remaining debt: £5438.01.
    0% CC balance: £4999.10 (was £5000).

    Terrimundi: £4.00

    • redofromstart
    • By redofromstart 3rd Jan 18, 8:04 AM
    • 874 Posts
    • 5,006 Thanks
    redofromstart
    • #4
    • 3rd Jan 18, 8:04 AM
    • #4
    • 3rd Jan 18, 8:04 AM
    Good luck with the diary, and your journey. Its always worth trying pressing 'control and Z' together if MSE eats your post. Sometimes it brings it back.
    • PositiveBalance
    • By PositiveBalance 3rd Jan 18, 8:21 AM
    • 603 Posts
    • 2,815 Thanks
    PositiveBalance
    • #5
    • 3rd Jan 18, 8:21 AM
    • #5
    • 3rd Jan 18, 8:21 AM
    Good luck with the diary, and your journey. Its always worth trying pressing 'control and Z' together if MSE eats your post. Sometimes it brings it back.
    Originally posted by redofromstart
    Thanks redfromstart - I tried that but alas, it didn't work.

    In better news, so far it has been a NSD! (Won't last, I'm just out of bed. )
    Original debt to source: £11,639.02; debt repaid: £6200.01 (53%); remaining debt: £5438.01.
    0% CC balance: £4999.10 (was £5000).

    Terrimundi: £4.00

    • PositiveBalance
    • By PositiveBalance 8th Jan 18, 12:59 AM
    • 603 Posts
    • 2,815 Thanks
    PositiveBalance
    • #6
    • 8th Jan 18, 12:59 AM
    • #6
    • 8th Jan 18, 12:59 AM
    I'm back - at long last!

    It has been an eventful week and I have a house guest meaning that I don't get a lot of time to myself for plotting, planning and diary updating purposes.

    This week my mortgage moved from my old provider to the new one. This hasn't gone without a hitch as the old provider took out a larger than normal DD from my account for what the payment would have been if it had gone up to the standard variable rate. I need to get this back. Luckily, I've just had written confirmation that my new mortgage won't start until next month so I need so speak to the old provider tomorrow morning to get my money back then pay the remaining mortgage broker fee!

    Alas, the budget I have yet to post on here has not been doing well: due to having a guest has resulted in the budget being blown somewhat in terms of food and spontaneous outings which have not been accounted for. It's lovely having this person to stay, but things are getting arranged with other people without me knowing meaning that I end up finding myself going out for dinner or similar which I have not planned for. Grr!

    Spends today:

    35p fruit (reduced)
    £6.83 lots of Christmas cards, wrapping paper etc, for next year at up to 75% off.

    There has been quite a bit of other spends etc. but I had better get to bed as tomorrow morning will be too soon here.

    I'll update more when I can get online.
    Last edited by PositiveBalance; 08-01-2018 at 1:11 AM.
    Original debt to source: £11,639.02; debt repaid: £6200.01 (53%); remaining debt: £5438.01.
    0% CC balance: £4999.10 (was £5000).

    Terrimundi: £4.00

    • PositiveBalance
    • By PositiveBalance 8th Jan 18, 11:48 PM
    • 603 Posts
    • 2,815 Thanks
    PositiveBalance
    • #7
    • 8th Jan 18, 11:48 PM
    • #7
    • 8th Jan 18, 11:48 PM
    Old mortgage provider consulted: one refund on the way.

    £250 broker fees paid.
    I need to get my receipts together for the rest - it was an unexpectedly expensive. Grr!
    Last edited by PositiveBalance; 09-01-2018 at 12:19 AM.
    Original debt to source: £11,639.02; debt repaid: £6200.01 (53%); remaining debt: £5438.01.
    0% CC balance: £4999.10 (was £5000).

    Terrimundi: £4.00

    • PositiveBalance
    • By PositiveBalance 18th Jan 18, 12:09 AM
    • 603 Posts
    • 2,815 Thanks
    PositiveBalance
    • #8
    • 18th Jan 18, 12:09 AM
    • #8
    • 18th Jan 18, 12:09 AM
    I'm back!

    I've had a houseguest, which has been lovely but totally kept my eye off the ball. My guest has left, which is sad but means I can get myself back on track again.

    Things have been busy and there are lots of big decisions to make over the next few days (more on that later).

    In the meantime, I paid another £200 off my debt, which has pretty much messed up my budget for the month. Couldn't really be avoided, though.

    I'll be back with an update and figures soon.

    Total debt repaid to source as of now: £6200.01 (53%)

    Hope you are all keeping well.
    Original debt to source: £11,639.02; debt repaid: £6200.01 (53%); remaining debt: £5438.01.
    0% CC balance: £4999.10 (was £5000).

    Terrimundi: £4.00

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