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  • FIRST POST
    • Plush
    • By Plush 2nd Jan 18, 4:38 PM
    • 94Posts
    • 233Thanks
    Plush
    2018 is an amazing year!
    • #1
    • 2nd Jan 18, 4:38 PM
    2018 is an amazing year! 2nd Jan 18 at 4:38 PM
    Happy New Year everyone and welcome to my 2018 diary - on a more positive note than the first one! I'm not posting a link to my old thread, you can find it if you're curious

    I'm determined to make 2018 a great year overall and also reduce my debt significantly in the process. The year has started with a good mood, following a Christmas/NYE break that was low spending, high energy (a lot of yoga and running), no overeating (!), and filled with wonderful moments together with family and friends. Credit card debt is currently at £12K, down from £14.2K in Sep 2017. I have not used credit cards and overdraft since then, and I intend to continue the good practice.

    I'm healthy, I have a job, one fabulous child, some good family and friends (even though some are overseas). I have no reason to be unhappy. I'm still single but not much I can do about that one - but to enjoy life as it is. I do have a Bumble date on Thu though

    So this is my 12-step plan (slightly revised from the first draft, because I buy groceries online so I had to allocate some money to that):

    1. Spend less than £100* per week - all in cash, save the rest in a savings account. This is for daily spending only. It excludes bills, regular expenses (childcare, clubs, gym etc), and it also excludes online/main grocery spending which is budgeted for in Halifax.
    2. Pay £400 each month towards CCs debt. Do NOT use credit cards and overdrafts.
    3. Find a great remortgage deal (look in March for deal to start end of July).
    4. Limit eating & drinking out to IMPORTANT occasions only. This includes coffee breaks.
    5. Packed work lunches most days.
    6. Less screen time on mobile and computers.
    7. Be more active - at least 3x per week - yoga, 5k runs, long country walks, park walks, cycling.
    8. More reading & hobby time. These are mostly free
    9. Low carb diet during weekdays. Carbs and sugar as normal on weekends.
    10. Declutter more: wardrobes and all storage cupboards.
    11. Get professional certification and/or change jobs (nb. job change only after remortgage completed).
    12. No holidays until annual bonus time Dec 2018.


    Monthly budget:
    • Keep in Barclays for bills & regular expenses £2,050
    • Pay CCs Sainsbury's & Barclaycard1 £400
    • Keep in Halifax for groceries & daily spending £613 (about £200 for online groceries; rest for spending)

    Each week, take out in cash £100 from Halifax and don't exceed it no matter what. The £100 should cover all weekly spending including groceries top-ups (but excluding main online grocery spending, which is reserved in the Halifax acct). At the end of the week, whatever is left in cash, save in an envelope. Repeat each week until the next pay date.

    Then, on the 24th of each month, just before pay day, all money from the cash envelope, plus money left in Barclays and Halifax - if any (there should be!) - deposit to an "Emergency Savings" account. Emergency savings can only be used if anything in the house breaks down and needs repairing or - touch wood - for any medical problems.

    C'est tout! Hope I manage to stick to this and to see old and new "faces" around - to kick me if I don't.

    May we all have the best year to date!

    Last edited by Plush; 09-01-2018 at 1:44 PM.
    current credit debt Jan-2018 £12000 @ 0% // initial debt Sep-2017 £14200
Page 1
    • UncannyScot
    • By UncannyScot 2nd Jan 18, 5:24 PM
    • 981 Posts
    • 6,215 Thanks
    UncannyScot
    • #2
    • 2nd Jan 18, 5:24 PM
    • #2
    • 2nd Jan 18, 5:24 PM
    Happy New Year and Happy New Diary, Plush
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
    • 117pauline
    • By 117pauline 2nd Jan 18, 5:34 PM
    • 525 Posts
    • 6,228 Thanks
    117pauline
    • #3
    • 2nd Jan 18, 5:34 PM
    • #3
    • 2nd Jan 18, 5:34 PM
    Happy New Year and Happy New Diary

    You sound very positive and ready to kick that debt. I also admire your goals so I will be hanging around to encourage you

    Every best wish for a great 2018

    Take care
    Pauline
    Don't get it perfect - Get it going
    Better Than Before
    • glass_half_full
    • By glass_half_full 3rd Jan 18, 8:53 AM
    • 237 Posts
    • 558 Thanks
    glass_half_full
    • #4
    • 3rd Jan 18, 8:53 AM
    • #4
    • 3rd Jan 18, 8:53 AM
    Happy New Year and Diary,

    Love the positive approach. You will make it!
    • Purplemumof2
    • By Purplemumof2 3rd Jan 18, 9:09 AM
    • 5,531 Posts
    • 20,140 Thanks
    Purplemumof2
    • #5
    • 3rd Jan 18, 9:09 AM
    • #5
    • 3rd Jan 18, 9:09 AM
    Happy new year and happy shiny diary

    Love your 12 step plan and it looks achievable.
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £6900.00 Cap 1: £467.97 BC: £6900.00

    AFD 4/14 NSD 8/17 LTW 9/17
    POAMAYC 2018 #041 PD £878.17/£4000
    20p Savers 2018 £2 Savers 2018 50p Savers 2018 SPC 11 2018 #003
    • Honeysucklelou2
    • By Honeysucklelou2 3rd Jan 18, 9:31 AM
    • 587 Posts
    • 2,293 Thanks
    Honeysucklelou2
    • #6
    • 3rd Jan 18, 9:31 AM
    • #6
    • 3rd Jan 18, 9:31 AM
    You sound really positive and so glad you had a good time over Christmas. The 12 step plan sounds very organised and determined
    paydbx #93 £155/£8,000.
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017. £3206 in Oct 17
    • Plush
    • By Plush 5th Jan 18, 2:58 PM
    • 94 Posts
    • 233 Thanks
    Plush
    • #7
    • 5th Jan 18, 2:58 PM
    • #7
    • 5th Jan 18, 2:58 PM
    Thank you all! I'm really busy at home and work and haven't had time to touch the forum. The good mood is still there although I've been doing too much screen time - at work!! so I'm avoiding screens at home. Trying to lead by example and teach DD how to stay away from the evil screens

    Nothing new to report just wanted to check in and wish a happy weekend to all of you!

    PS. Had to postpone my Bumble date
    current credit debt Jan-2018 £12000 @ 0% // initial debt Sep-2017 £14200
    • Plush
    • By Plush 9th Jan 18, 9:22 AM
    • 94 Posts
    • 233 Thanks
    Plush
    • #8
    • 9th Jan 18, 9:22 AM
    • #8
    • 9th Jan 18, 9:22 AM
    Just quickly checking in to say hi and that all is fine.

    Health good for both of us, job OK, mood up, weight slightly down, bank balance where it should be, cash in my pocket, and hope is strong.

    Even the freewill horoscope agrees with me

    VIRGO (Aug. 23-Sept. 22): "It takes an extraordinary person to carry
    themselves as if they do not live in hell," says writer D. Bunyavong. In
    accordance with the astrological omens, I nominate you Virgos to fit that
    description in the coming weeks. You are, in my estimation, as far away
    from hell as you've been in a long time. If anyone can seduce, coax, or
    compel heaven to come all the way down to earth for a while, it's you.
    Here's a good way to get the party started: Gaze into the mirror until you
    spy the eternal part of yourself.

    http://www.freewillastrology.com/horoscopes/virgo.html
    current credit debt Jan-2018 £12000 @ 0% // initial debt Sep-2017 £14200
    • enjoyyourshoes
    • By enjoyyourshoes 9th Jan 18, 9:26 AM
    • 920 Posts
    • 1,141 Thanks
    enjoyyourshoes
    • #9
    • 9th Jan 18, 9:26 AM
    • #9
    • 9th Jan 18, 9:26 AM
    You mentioned OD at start of first post, then focused on CC debts etc, sort out OD as priority as costs can escalate and are iterate (OD charge, excess fee, interest , cost per day , etc)
    Debt is a symptom, solve the problem.
    • Matt Jones
    • By Matt Jones 9th Jan 18, 9:28 AM
    • 12 Posts
    • 24 Thanks
    Matt Jones
    I love the positivity and the preparation in this one!
    • enthusiasticsaver
    • By enthusiasticsaver 9th Jan 18, 9:33 AM
    • 5,121 Posts
    • 9,771 Thanks
    enthusiasticsaver
    I love the plan and you sound really positive so am sure you will succeed.
    Debt free and mortgage free and early retiree. Living the dream

    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
    • JoJoC
    • By JoJoC 9th Jan 18, 10:09 AM
    • 1,316 Posts
    • 4,304 Thanks
    JoJoC
    Loving your 12-step plan Plush! Sounds achievable and you sound on the ball

    I'll keep stopping by so that I can try to stream some of your motivation and tips!
    CC1: £3804.52 / £3544.32 £300.20 paid | CC2:£5027.53 / £4781 £295 paid | Loan: £15,000 / £11,954 (£3,156 paid)

    July debt total: £23,832.05 | New debt total: £20,129 | Total debt paid: £3,703 (16%)
    *My debt busting and savings diary*
    • NineDeuce
    • By NineDeuce 9th Jan 18, 12:04 PM
    • 672 Posts
    • 569 Thanks
    NineDeuce
    January: the month where people become overenthusiastic about prospects

    February - December: the awful realisation
    • enthusiasticsaver
    • By enthusiasticsaver 9th Jan 18, 12:07 PM
    • 5,121 Posts
    • 9,771 Thanks
    enthusiasticsaver
    January: the month where people become overenthusiastic about prospects

    February - December: the awful realisation
    Originally posted by NineDeuce
    Goodness you are a happy soul. Nothing wrong with optimism.
    Debt free and mortgage free and early retiree. Living the dream

    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
    • Plush
    • By Plush 9th Jan 18, 1:21 PM
    • 94 Posts
    • 233 Thanks
    Plush
    You mentioned OD at start of first post, then focused on CC debts etc, sort out OD as priority as costs can escalate and are iterate (OD charge, excess fee, interest , cost per day , etc)
    Originally posted by enjoyyourshoes
    Thanks, but I stopped using OD several months ago (and even before that I was only using it up to the fee-free limit of £300).
    current credit debt Jan-2018 £12000 @ 0% // initial debt Sep-2017 £14200
    • Plush
    • By Plush 9th Jan 18, 1:24 PM
    • 94 Posts
    • 233 Thanks
    Plush
    January: the month where people become overenthusiastic about prospects

    February - December: the awful realisation
    Originally posted by NineDeuce


    Thanks, you may be right. However, hope doesn't hurt. And, it's better to feel happy with no apparent reasons, than to feel miserable and still with no reasons
    current credit debt Jan-2018 £12000 @ 0% // initial debt Sep-2017 £14200
    • Plush
    • By Plush 9th Jan 18, 9:43 PM
    • 94 Posts
    • 233 Thanks
    Plush
    Looks like too much enthusiasm does hurt I lost my Halifax debit card and my Oyster card today. Called and ordered replacements, so annoying!
    current credit debt Jan-2018 £12000 @ 0% // initial debt Sep-2017 £14200
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