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
    • indigowarrior
    • By indigowarrior 13th Feb 18, 10:43 PM
    • 347Posts
    • 2,316Thanks
    indigowarrior
    indigowarrior baby steps.
    • #1
    • 13th Feb 18, 10:43 PM
    indigowarrior baby steps. 13th Feb 18 at 10:43 PM
    I have attempted these dairies in the past and haven't done well. Usually my enthusiasm wares thin quickly.

    My current situation at the moment is that I am disabled and live in my godfathers spare room. My living costs are low but I am running against the clock and will have to find somewhere new to live in the next year.

    The issue with that is that I am not in work and not able to consider working at the moment due to ill health. I have kept a close eye on rents in the area (Somerset) and I am priced out. Majority of landlords are not willing to consider DSS tenants.

    I know that I am going to have to move out the area. I also dont have anyone willing to be a guarantee (Godfather owns his own house but isnt in paid employment and his only income is my rent)

    Also added to the situation is that I am under the age of 35 and will only get shared room rate Housing element. I also owe 17k in debt.

    So my plan is to save up a deposit for a place to rent in area far from where I live. Whilst I am doing that try to pay off some of debt.
    #545- SPC/Frugal Living Challenge
    LBM: 21/02/2018 Predicted Debt free date: May 2023 New Debt Free date March 2023
Page 1
    • indigowarrior
    • By indigowarrior 13th Feb 18, 10:52 PM
    • 347 Posts
    • 2,316 Thanks
    indigowarrior
    • #2
    • 13th Feb 18, 10:52 PM
    • #2
    • 13th Feb 18, 10:52 PM
    My plan for Feb 2018-Jan 2019

    Do the frugal living challenge (Can find this on DFW board) Which is to live on £4K a year not including rent.
    Save up for a deposit, six months rent, moving fees and bond.
    Begin minimum repayments on all debts.
    Start working on mental health

    So that's it for now.
    #545- SPC/Frugal Living Challenge
    LBM: 21/02/2018 Predicted Debt free date: May 2023 New Debt Free date March 2023
    • shabbychic12
    • By shabbychic12 13th Feb 18, 10:55 PM
    • 51 Posts
    • 205 Thanks
    shabbychic12
    • #3
    • 13th Feb 18, 10:55 PM
    • #3
    • 13th Feb 18, 10:55 PM
    We all hv to start somewhere and at least you have a plan which if half the battle working out what can be done. I wish you luck you will do it
    Turtle Challenge February 03 contender
    2018 declutter and destress.
    2018 early retirement wannabe
    Save 12k in 2018 £715/£12000
    £28/week on wk5/52 (£1 a day challenge)
    All this saving l'm turning into my Dad
    • indigowarrior
    • By indigowarrior 14th Feb 18, 8:18 PM
    • 347 Posts
    • 2,316 Thanks
    indigowarrior
    • #4
    • 14th Feb 18, 8:18 PM
    • #4
    • 14th Feb 18, 8:18 PM
    My Planned Spending for this year is:
    Food £1872 £156 monthly
    Electric £440 £40 monthly
    Subscriptions £71.88 £5.99 netflix
    busfairs 198 £16.50 monthly
    Eating Out £120 £10 mpnthly
    Clothing £200 £18 monthly
    Gifts £100 (I will be spend the bulk of this in the next few months.)
    Internet, Phone and Mobile. (They are all with the same company) £418 £34 monthly
    Sundries £100 £8 monthly
    Take away £180 £15 monthly
    Entertainment £220 £20 monthly

    £4000 divided by 12 is £333
    This doesn't include rent.
    My total planned expenses come under that.
    Last edited by indigowarrior; 14-02-2018 at 8:34 PM.
    #545- SPC/Frugal Living Challenge
    LBM: 21/02/2018 Predicted Debt free date: May 2023 New Debt Free date March 2023
    • indigowarrior
    • By indigowarrior 15th Feb 18, 4:00 PM
    • 347 Posts
    • 2,316 Thanks
    indigowarrior
    • #5
    • 15th Feb 18, 4:00 PM
    • #5
    • 15th Feb 18, 4:00 PM
    Got a refund on my subscriptions. £20.47 kicks off my rental deposit fund.
    #545- SPC/Frugal Living Challenge
    LBM: 21/02/2018 Predicted Debt free date: May 2023 New Debt Free date March 2023
    • indigowarrior
    • By indigowarrior 16th Feb 18, 6:10 PM
    • 347 Posts
    • 2,316 Thanks
    indigowarrior
    • #6
    • 16th Feb 18, 6:10 PM
    • #6
    • 16th Feb 18, 6:10 PM
    Today was a successful day!
    Food
    Today was
    Breakfast 50g Porridge £0.07
    Lunch was to bean and cheese melts. £0.50
    Dinner was a free pizza thanks to Martin.

    Snack was 2 cadbury creme eggs (2 packs for £2) works out to be 20p an egg. £0.40

    Savings
    £1 in my savings jar that I found behind my telly.
    £1 in my savings account.

    So good day!
    #545- SPC/Frugal Living Challenge
    LBM: 21/02/2018 Predicted Debt free date: May 2023 New Debt Free date March 2023
    • beanielou
    • By beanielou 16th Feb 18, 7:00 PM
    • 50,646 Posts
    • 193,971 Thanks
    beanielou
    • #7
    • 16th Feb 18, 7:00 PM
    • #7
    • 16th Feb 18, 7:00 PM
    Happy shiny new diary
    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***
    • indigowarrior
    • By indigowarrior 17th Feb 18, 5:13 PM
    • 347 Posts
    • 2,316 Thanks
    indigowarrior
    • #8
    • 17th Feb 18, 5:13 PM
    • #8
    • 17th Feb 18, 5:13 PM
    Thank you Beanielou!
    Sold £270 worth of stuff. I immediately put £140 in to savings! That takes me up to £165.41.
    #545- SPC/Frugal Living Challenge
    LBM: 21/02/2018 Predicted Debt free date: May 2023 New Debt Free date March 2023
    • indigowarrior
    • By indigowarrior 18th Feb 18, 12:03 PM
    • 347 Posts
    • 2,316 Thanks
    indigowarrior
    • #9
    • 18th Feb 18, 12:03 PM
    • #9
    • 18th Feb 18, 12:03 PM
    I have totted up my debt and once lowells website is back up I am going to set up token payments on my account. The only one I havent set up minimum payments with is my CCJ.

    Currently I have done an estimate snowball and I will be debt free in 2022
    #545- SPC/Frugal Living Challenge
    LBM: 21/02/2018 Predicted Debt free date: May 2023 New Debt Free date March 2023
    • indigowarrior
    • By indigowarrior 18th Feb 18, 6:04 PM
    • 347 Posts
    • 2,316 Thanks
    indigowarrior
    Today I began envelope budgeting again. I have attempted to do it in the past but, didnt plan and usually fell at the first hurdle.

    The aim is to spend money only in those envelopes (except direct debits.) Every month I plan to make a budget and I will allocate spending to these envelopes. Once the envelope is empty thats it. I am not allowed any more takeaways. If I wanted another take away I would have to "borrow" from one of the envelopes.

    I have six categories which are Food, Entertainment, Take Away and Sundries, Transport budget and an eating out budget but, I forgot to get a plastic envelopes for them.

    I bought the envelopes from Tesco for £0.60 each. I am sure someone else can find them cheaper.

    The plan is if there is any money left in my food budget at the end of the month then that will mean I can withdraw less the next time. My payment cycle is 21st of the month to the 20th.

    If you dont feel comfortable having large amounts of cash on you then you can do this electronically.

    My budgets for each categories is as follows:
    Food- £150
    Sundries- £10
    Take Away- £15
    Entertainment- £20
    Transport- £18
    Eating Out- £10

    Also I feel its a great way to encourage saving. Say for example I want a computer game and it costs £35 (I would look to find it cheaper elsewhere first) I would have to wait 2 months.

    The balances of each envelope stand at:
    Food- £150/ £117
    Sundries- £10/ £10
    Take Away- £15/ £15
    Entertainment- £20/ £20
    Transport- £18 /£18
    Eating Out- £10/£10
    #545- SPC/Frugal Living Challenge
    LBM: 21/02/2018 Predicted Debt free date: May 2023 New Debt Free date March 2023
    • indigowarrior
    • By indigowarrior 18th Feb 18, 10:56 PM
    • 347 Posts
    • 2,316 Thanks
    indigowarrior
    Statement of Affairs and Personal Balance Sheet

    Household Information

    Number of adults in household........... 1
    Number of children in household.........
    Number of cars owned....................

    Monthly Income Details

    Monthly income after tax................ 0
    Partners monthly income after tax....... 0
    Benefits................................ 861.58 Currently claiming UC, on LCWRA.
    I havent included my DLA as am waiting for decision on my PIP claim

    Other income............................ 0
    Total monthly income.................... 861.58


    Monthly Expense Details

    Mortgage................................ 0
    Secured/HP loan repayments.............. 0
    Rent.................................... 250
    Management charge (leasehold property).. 0
    Council tax............................. 0
    Electricity............................. 40
    Gas..................................... 0
    Oil..................................... 0
    Water rates............................. 0
    Telephone (land line)................... 10 The Telephone, mobile and internet are in one package
    Mobile phone............................ 10
    TV Licence.............................. 0
    Satellite/Cable TV...................... 0
    Internet Services....................... 10
    Groceries etc. ......................... 155
    Clothing................................ 20
    Petrol/diesel........................... 0
    Road tax................................ 0
    Car Insurance........................... 0
    Car maintenance (including MOT)......... 0
    Car parking............................. 0
    Other travel............................ 0
    Childcare/nursery....................... 0
    Other child related expenses............ 0
    Medical (prescriptions, dentist etc).... 0
    Pet insurance/vet bills................. 0
    Buildings insurance..................... 0
    Contents insurance...................... 0
    Life assurance ......................... 0
    Other insurance......................... 0
    Presents (birthday, christmas etc)...... 10
    Haircuts................................ 0
    Entertainment........................... 0
    Holiday................................. 0
    Emergency fund.......................... 0
    Sundries................................ 10
    Total monthly expenses.................. 515



    Assets

    Cash.................................... 20
    House value (Gross)..................... 0
    Shares and bonds........................ 0
    Car(s).................................. 0
    Other assets............................ 0
    Total Assets............................ 20


    No Secured nor Hire Purchase Debts


    Unsecured Debts
    Description....................Debt......Monthly.. .APR
    Perfect Home...................361.......92........0
    lowell.........................10856.....90....... .0
    Total unsecured debts..........11217.....182.......-



    Monthly Budget Summary

    Total monthly income.................... 861.58
    Expenses (including HP & secured debts). 515
    Available for debt repayments........... 346.58
    Monthly UNsecured debt repayments....... 182
    Amount left after debt repayments....... 164.58


    Personal Balance Sheet Summary
    Total assets (things you own)........... 20
    Total HP & Secured debt................. -0
    Total Unsecured debt.................... -11,217
    Net Assets.............................. -11,197


    Created using the SOA calculator at www.stoozing.com.
    Reproduced on Moneysavingexpert with permission, using other browser.
    #545- SPC/Frugal Living Challenge
    LBM: 21/02/2018 Predicted Debt free date: May 2023 New Debt Free date March 2023
    • jwil
    • By jwil 19th Feb 18, 1:45 PM
    • 8,082 Posts
    • 23,846 Thanks
    jwil
    Good luck You've made a great start with the savings.

    I'm also in Somerset
    "If you can dream it, you can do it". Walt Disney
    • lonelyrat
    • By lonelyrat 19th Feb 18, 10:04 PM
    • 105 Posts
    • 326 Thanks
    lonelyrat
    Well done on the savings You sound very motivated... I found £1 in a work cardigan but unfortunately I didn't put it in my coin jar I just went to Tesco and got some chocolate buttons I'll need to take a leaf out of your book!
    Total Debt: 2602.81 / 7203.13
    Outstanding Debt: Santander CC 1650 - Virgin CC 750 - RBS Loan 102.81 - Very BNPL 100
    2018 Savings: 175/ 2500
    • indigowarrior
    • By indigowarrior 20th Feb 18, 10:51 AM
    • 347 Posts
    • 2,316 Thanks
    indigowarrior
    Thank you for the comments!

    Lonelyrat! If I had found that £1 coin in my old flat I am sure I would have done the same. Tesco is to far for me to walk without getting a lift back, dratted disabilities.

    Jwil ah cool! Somerset is great just very expensive to own a home here! At least it is for me.

    Just done my budget before payment day tomorrow. Made sure I got all the numbers right. I should be able to put £90 straight into savings.

    I cant wait until I have paid Perfect Home off. Was meant to be finished in March but due to having to claim UC and struggling with my mental health I had to take a few payment breaks. So now its going to be June. However, if I get the right decision on PIP I should be able to do it faster. Keep your fingers crossed.
    #545- SPC/Frugal Living Challenge
    LBM: 21/02/2018 Predicted Debt free date: May 2023 New Debt Free date March 2023
    • indigowarrior
    • By indigowarrior 20th Feb 18, 8:03 PM
    • 347 Posts
    • 2,316 Thanks
    indigowarrior
    Recieved enough for £5 amazon voucher with swagbucks. Its defo taking longer to earn using them that it used to. Half of the website seems broken. I am trying to earn enough for a phone but, dont want to pay solid cash for it.
    #545- SPC/Frugal Living Challenge
    LBM: 21/02/2018 Predicted Debt free date: May 2023 New Debt Free date March 2023
    • fay66
    • By fay66 20th Feb 18, 8:25 PM
    • 705 Posts
    • 1,833 Thanks
    fay66
    Good luck with your diary and pip,
    Inland revenue £4500=
    Loan £2610/2130
    Pay day loans -1200/1315
    Credit card 1 -5183/4850 int froze
    CC2 -978
    CC3 - 500/548 cc4 165/200
    • indigowarrior
    • By indigowarrior 20th Feb 18, 10:10 PM
    • 347 Posts
    • 2,316 Thanks
    indigowarrior
    Thank You
    Fay66
    #545- SPC/Frugal Living Challenge
    LBM: 21/02/2018 Predicted Debt free date: May 2023 New Debt Free date March 2023
    • indigowarrior
    • By indigowarrior 21st Feb 18, 6:21 PM
    • 347 Posts
    • 2,316 Thanks
    indigowarrior
    My spends for today has been:
    Food £0/£120
    Electric: £40/£40
    Takeaway £12.50/£20
    Transport: £0/£20
    Gifts: £10/£10
    Eating Out: £0/10
    Clothing: £0/£20
    Sundries: £0/£10
    Entertainment: £0/£20
    Total: £62.50/£270

    I may use what I have saved so far to clear one of my debts. It is with Perfect Home (a rent to own company) and has a balance of £345.36 and an APR of 89%. If i don't clear the account tomorrow then I will finish paying the account at the end of June. Perfect Home in my opinion can be very heavy handed in their tactics. Constant phone calls and texts. For example: A fortnight ago I paid 3 weeks in advance. So imagine my surprise to get a text from the company saying that they need to discuss my account. I logged on to my account and found that I owed £2.45. I mean seriously!

    I have lost my bank card so need to wait for that to arrive. I will make a choice on what to do then.
    #545- SPC/Frugal Living Challenge
    LBM: 21/02/2018 Predicted Debt free date: May 2023 New Debt Free date March 2023
    • indigowarrior
    • By indigowarrior 22nd Feb 18, 11:06 AM
    • 347 Posts
    • 2,316 Thanks
    indigowarrior
    Three £43.00- Cleared
    EE £78.63- cleared
    O2 £100.00- Balance now at £60
    Nat West £103.00
    APS £109.00- Cleared
    APS £116.00- Cleared
    Tesco Mobile £176.71
    Tesco Mobile £211.94
    Three £224.88
    Council Tax £240.00
    Vodafone £244.95
    Tesco Mobile £282.50
    Vanquis £300.00
    EE £318.00
    Perfect Home £345.36/ balance now at £319.20
    Orange £402.37
    O2 £404.00
    Talk Talk £448.00
    Virgin £510.00
    O2 £550.00
    O2 £646.25
    O2 £660.05
    Simply Be £739.33
    Vodafone £824.17
    TalkTalk £837.95
    BT £1100
    Lloyds £1,800.00
    Tax £2,200.00
    Total £14016
    Predicted Debt free date: Jan 2023

    This morning I have paid two accounts off.
    Both connected to cash plus totalling £227
    I also reduced the balance of the second smallest account by £58.59
    Debt total now: 13576
    Updated Debt Free date: November 2022
    Last edited by indigowarrior; 22-02-2018 at 8:32 PM.
    #545- SPC/Frugal Living Challenge
    LBM: 21/02/2018 Predicted Debt free date: May 2023 New Debt Free date March 2023
    • jwil
    • By jwil 22nd Feb 18, 11:38 AM
    • 8,082 Posts
    • 23,846 Thanks
    jwil
    Ouch to that apr, if it will save you some money I'd definitely clear it if you can!
    "If you can dream it, you can do it". Walt Disney
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

145Posts Today

1,570Users online

Martin's Twitter