Hypno's recession busting debt diary.....

Karmacat

Conversation with OH! Yay! Coffee too, of course.... :rotfl:

I was doing some surveys last night, while watching tv in my new set up, some of them are mad, truly. But it all adds up!

shaun40400

hi agree about us time
the master plan is when es goes to the cinema
4 hrs of us time
in bed coffee and chocolate watching the last two episodes of life on mars!
if evlin will let us of cause
yes karmacat i have to agree about the spread of family now a days makes times like these much harder.
however back to school is going to be the real killer es attended Lithuanian wkend school last year so dont see any major probs settleing in just getting up at 7am
at the minute hes up at 6ish but i just know come school time he wont get up till 8am like all kids (ha ha)
but in laws fly in for 8 days on the 5th and my mob fly in on the 19th for a wk
so will def be getting eaisier after this week,
and as for hypno
what can you say shining light to us all,makes it look so easy

SarahNeedle1872

hypno06 wrote: »

Welcome back JCD - I have just posted on your diary! I hope you are well and now ready for debt busting big time!!

Shaun, sorry I missed your earlier post. I am really pleased everything is good with the baby, and I am not surprised you are both shattered! Make sure you look after yourselves as well as the brood x

Sarahneedle - it is basically:

a) Bills/debts still to be paid
b) current account balances
c) money in the overpayment account
d) money I am expecting in before the end of the month
e) emergency funds

So every day I list each amount as above. Then I do

b - a if that is a positive balance, then I am happy - I know that there is enough there for bills to be paid. If that is a negative balance, I then have to do (b+c) - a to see if I have enough in the current account plus the overpayment account.

If I am still short, I then obviously look to d) to see what is coming in before payday, and whether this needs chasing up, or whether it will come in too late to be of any use.

Finally, and only in emergency, I can use anything in e).

It really is that simple, but it is keeping me on the straight and narrow. If the current accounts have enough in for the remaining bills, then I know I can use the overpayment money that comes in (ebay, mystery shopping, etc) to go off a debt.

As for the bills account itself, I do a running monthly total but in reverse, sort of. So I know at any point in the month what I still have to find.

Eg: (my month runs from 23rd because that is payday) for my debt account

Date....Payee........................amount.................still to find

23rd HSBC...........................£170.00................£1390.43
29th Barclays.......................£460.38................£1220.43
1st Egg loan 1....................£193.74................£760.15
......Egg loan 2....................£422.75................£566.41
11th Legal & General..............£50.00.................£143.66
17th Halifax.........................£93.66..................£93.66

So, at a glance, I know that if I look at my accounts on 27th month, I still need to have £1220.43 in that particular current account to cover the remain debt payments.

If I look at the accounts on 10th month I still need to have 143.66 in there to cover the remaining payments. Because I can easily see what I still have to pay, it is much easier with the accounts notebook to see what I still need to find from expected money in etc.

Hope that is what you needed!!

Thanks Hypno, thats exactly what I was looking for!

Sarah x

hypno06

Hi Seaxwyn......the secret to the increased challenge total was that £32 reached my bank account yesterday from a client's cheque that was paid in earlier in the week, so I paid that money off HSBC yesterday afternoon.

Of course, today I am behind total again, but it will always be up and down in relation to the targets. I don't expect to be paying anything else until the end of the week when a loan payment goes out and I will be somewhere close again!

Just taken the kids to race camp and ended up working an hour in the coffee shop, so that is an hour's skiing paid for in return. I will head back there after lunch to watch them for a while.

hypno06

OK, so managed to do some lightspeed surveys - only got screened out of one so that was pretty good going!! I have been less inclined to do these recently, because of the number that I got screened out on but this batch has encouraged me to have another go!

OH gets a good amount through, but I don't seem to get so many.......but every little helps!!

taxi73

Well done on getting the surveys done...you're doing great on the £86 challenge.Are you back at work tomorrow?

gailey_2

Lightspeed keep screening me out too but I have 240 entries to lightspeed draw! Valued opiniosn done surveys but rewards say nothing so bit frustrated with surveys. But Like you say will keep trying.

OliveOyl_2

gailey, have you ever won anything on those draws?
Does anyone know if anyone has won anything through them?

I've seen postings from people who have won on the Pigsback quiz draws though.

gailey_2

No but only been doing lightspeed for just over amonth only got 320 lighspeed points but Like I say loads of draws, I assume they montly, not sure if their website has list of winners, might eb worth asking the comping board.

Its valued opinions that baffles me not sure what im doing wrong, not tried you gov.

hypno06

Yes, back to work tomorrow.....

Just picked up the children from race camp - they have had a good day......starting to talk about the winter season :eek: Need to get my thinking hat on about that one......again........a few more surveys needed.

kids...:rolleyes: