How does debt/money saving impact on your life?

Jacks_xxx

eekiedee wrote: »

Hi All

Just came across this site looks promising.


Could not quite face doing that bit though

:hello: Go for it honey!

Get yourself a cuppa, :coffee: some sustenance for as you work through it all - and a big fat juicy bribe / reward for after you've finished to make sure you actually get to the end of it.

(I'm pretty sure there was cake involved when I first did mine! ) :EasterBun

Then when you're ready, post it all up on here and we'll make some suggestions of areas you could make changes.

You may not be ready to do it all at once, but you'll learn some stuff, you'll try some of the suggestions out - and the positive results will be encouraging - so you'll try a couple of other things...

It's a process - and it's one of the best things I ever did in my life.

The really great thing about SOA's is the scarier and more dysfunctional they are the more scope there is for improvement!

So if you're scared of what you'll find out the you should definitely do it!

Love Jacks xxx

laineyc_2

MS impact on my life-

More confident
Aware where all my money goes
Cut down on waste
Started to build up savings
Looking forward to a Christmas all paid for (no big Credit card bills in January!)
Overpaying the mortgage

Negatives

None so far

eekiedee

Had a rough go at the SOA. ouch
Nothing left. Outgoing usually going well over the incoming.
I need to get all my stuff together to make a true statement.

Thanks

beckseven

Postives
Feeling in control, finding this website, being a much more savvy food shopper and my bills being lower than they have been in years despite the price rises, not being wastful

Negatives

Sick of never being able to afford anything and panicking if I get asked to do anything-eg go out for a meal and split the bill!

eekiedee

Well here goes . . . . . . yikes

Monthly income after tax................ 2300
Partners monthly income after tax....... 40
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2340

Monthly Expense Details
Mortgage................................ 515
Secured loan repayments................. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 136
Electricity............................. 60
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 30
Mobile phone............................ 0
TV Licence.............................. 11
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 400
Clothing................................ 0
Petrol/diesel........................... 150
Road tax................................ 15
Car Insurance........................... 20
Car maintenance (including MOT)......... 5
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..................... 30
Contents insurance...................... 0
Life assurance ......................... 20
Other insurance......................... 0
Presents (birthday, christmas etc)...... 40
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Wife.................................. 160
Total monthly expenses.................. 1592

Assets
Cash.................................... 0
House value (Gross)..................... 90000
Shares and bonds........................ 0
Car(s).................................. 3000
Other assets............................ 0
Total Assets............................ 93000

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 59000....(515)......7
Total secured debts........... 59000.....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Egg............................10000.....210.......15
mint...........................3345......75........16
citi...........................2750......58........0
A&L............................10000.....303.......0
Total unsecured debts..........26095.....646.......-

Monthly Budget Summary
Total monthly income.................... 2,340
Expenses (including secured debts)....... 1,592
Available for debt repayments........... 748
Monthly UNsecured debt repayments....... 646
Surplus(deficit if negative)............ 102

Personal Balance Sheet Summary
Total assets (things you own)........... 93,000
Total Secured debt...................... -59,000
Total Unsecured debt.................... -26,095
Net Assets.............................. 7,905

Egg card jumped up from £5k after personal emergency.

A&L is 3yrs to go

Last month outgoings was £345 over incoming. Can see where this arose, went out for a meal & a couple of unexpected bills (went over my card limit)

Im desperately trying to keep the balance right but find head in sand easier.

new2civvystreet

How has my money saving affected me? Well, I now have a very annoying addiction. I'm constantly hunting through my stuff for things I no longer need to sell on ebay. Then all day I'm refreshing my web browser hoping for more and more bids.

At least it's a positive addiction

A_fiend_for_life

Hi Eekiedee ,

You need to create a new thread one level up otherwise folk will miss it within this thread.

If you navigate to the debt free board and click on New Thread

eekiedee

oops
Thanks