Money Fritters 'Enough Now' DFW Diary

Bowski_1011

Money_Fritter wrote: »

Everybody in work got a nice £40 marks and spencers hamper today, it had mulled wine, christmas pudding and all sorts in it. Wooohooo.

Niiice! :beer:

Money_Fritter

Well I was hoping to do a SOA tonight and update stuff, but I am off to bed. I have been wrapping most of the night, as I got in late from work.

So night night folks

Money Fritter

poorbutrich

Happy Christmas MoneyFritter!
Look forward to reading your diary in 2010!
xx

Money_Fritter

Thanks Poorbutrich,

Hope you have a great christmas and new year. Are u up to much?

Money Fritter

Money_Fritter

Hi Folks,

I am trying to get everything in order before christmas so that I can hit the ground running in the new year, really want to get debt down as much as possible in the new year. So to start with I have completed a new SOA.

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1850.96
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1850.96
Monthly Expense Details
Mortgage................................ 581.7
Secured/HP loan repayments.............. 146.79999999999995
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 76
Electricity............................. 28
Gas..................................... 28
Oil..................................... 0
Water rates............................. 30.55
Telephone (land line)................... 10.5
Mobile phone............................ 44
TV Licence.............................. 12.18
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 100
Clothing................................ 0
Petrol/diesel........................... 160
Road tax................................ 3
Car Insurance........................... 38
Car maintenance (including MOT)......... 20
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..................... 13.77
Contents insurance...................... 13.77
Life assurance ......................... 0
Other insurance......................... 50.19
Presents (birthday, christmas etc)...... 30
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1386.46

Assets
Cash.................................... 0
House value (Gross)..................... 116000
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 116000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 104737...(581.7)....3.25
Hire Purchase (HP) debt ...... 6168.97..(146.8)....0
Total secured & HP debts...... 110905.9.-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Barclaycard....................4559.6....15........0
HSBC...........................3620.56...100.......0
Overdraft......................2500......25........12
Total unsecured debts..........10680.16..140.......-

Monthly Budget Summary
Total monthly income.................... 1,850.96
Expenses (including HP & secured debts). 1,386.46
Available for debt repayments........... 464.5
Monthly UNsecured debt repayments....... 140
Amount left after debt repayments....... 324.5
Personal Balance Sheet Summary
Total assets (things you own)........... 116,000
Total HP & Secured debt................. -110,905.97
Total Unsecured debt.................... -10,680.16
Net Assets.............................. -5,586.13
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.


I have a few ideas for cutting payments and I have a few ideas for challenges I will be subscribing to. I will update again soon.

Money Fritter

poorbutrich

HI Money Fritter
Am hoping to get away for Christmas - hahaha! Not very MSE, but a lot less stressful! How about you? Will you see your gf?

Your SOA looks quite healthy and you are doing very well. It might be worth putting it up as a separate thread to see if anyone has any comments. I was wondering if you could try to negotiate getting your monthly mobile bill down? Worked for me a month or so ago! Also, is your grocery budget for one or two people?

That's enough of my sticking my oar in - have a good one!
xx

Money_Fritter

Hi everyone,

Had a good works night out in middlesbrough last night. Seriously goosed and had a bad hangover this morning. Staying off the alcohol for a few days now.

Just chilling out tonight and wrapping presents. Hoping to go back home to the parents on Monday, although as I type this I am getting snowed in. There is some serious snow here right now.

Poorbutrich - I am hoping to see my girlfriend over christmas, but I will just have to see what happens, things are going slow at the moment and sometimes I do wonder were the relationship is going.

Thanks for the comments about my SOA. I have targetted the phone as one of the things I need to cut back on. I will post some comments later

Anyway take care and bye for now

Money Fritter

Money_Fritter

Money_Fritter wrote: »

Hi Folks,

I am trying to get everything in order before christmas so that I can hit the ground running in the new year, really want to get debt down as much as possible in the new year. So to start with I have completed a new SOA.

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1850.96
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1850.96
Monthly Expense Details
Mortgage................................ 581.7
Secured/HP loan repayments.............. 146.79999999999995
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 76
Electricity............................. 28
Gas..................................... 28
Oil..................................... 0
Water rates............................. 30.55
Telephone (land line)................... 10.5
Mobile phone............................ 44
TV Licence.............................. 12.18
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 100
Clothing................................ 0
Petrol/diesel........................... 160
Road tax................................ 3
Car Insurance........................... 38
Car maintenance (including MOT)......... 20
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..................... 13.77
Contents insurance...................... 13.77
Life assurance ......................... 0
Other insurance......................... 50.19
Presents (birthday, christmas etc)...... 30
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1386.46

Assets
Cash.................................... 0
House value (Gross)..................... 116000
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 116000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 104737...(581.7)....3.25
Hire Purchase (HP) debt ...... 6168.97..(146.8)....0
Total secured & HP debts...... 110905.9.-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Barclaycard....................4559.6....15........0
HSBC...........................3620.56...100.......0
Overdraft......................2500......25........12
Total unsecured debts..........10680.16..140.......-

Monthly Budget Summary
Total monthly income.................... 1,850.96
Expenses (including HP & secured debts). 1,386.46
Available for debt repayments........... 464.5
Monthly UNsecured debt repayments....... 140
Amount left after debt repayments....... 324.5
Personal Balance Sheet Summary
Total assets (things you own)........... 116,000
Total HP & Secured debt................. -110,905.97
Total Unsecured debt.................... -10,680.16
Net Assets.............................. -5,586.13
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.


I have a few ideas for cutting payments and I have a few ideas for challenges I will be subscribing to. I will update again soon.

Money Fritter

So looking at my outgoings, I have decided that there are several things I will aim to reduce next year:-

1) My mobile phone is tied in to a contract. However, I pay an extra £8.99 per month for a internet wap bundle. I hardly use this anymore, so I will get rid of this. Saving for the year £107.88

2) I will try and cut my food shopping down to £80 a month, as recently it has cropped up. Saving for the year £240

3) I have mortgage protection. It started a couple of years ago at about £18 per month. However, with the recession it is now £50.19. I recently looked at some new quotes. I am looking at about £20 per month.
Saving for the year £360

Total savings = 707.88.

That is well awesome. So I am going to get that sorted straight after christmas and hopefully put stuff towards debts and decorating.

Money Fritter

Money_Fritter

Right folks,

I have been thinking about how to organise things next year. Basically the two main items on the agenda are debt busting and decorating. So I have planned as follows:-

Scratchcards - Money from this will go into christmas fund.

Surveys - Money From this will go into Decorating and emergency fund

Amazon - Money from books will go into decorating and emergency fund

Matched Betting and trading. This will be the bulk of my extra money earning and so will go towards debt busting.

Reviews - Money from this will go into Decorating and emergency fund.

Hopefully I can be strict and keep it going.

Any extra 'lose change' money from my £2, 20p and 1p,2p,5p and 10p pots will go towards christmas as well.

Money Fritter

Money_Fritter

Also getting everything in place for next year, I will be participating in the following challenges:-

1) NSD Monthly challenges
2) Grocery Monthly challenges
3) Make £10 per day monthly challenges
4) Payment a Day Challenge
5) Live off 4k per year.
6) £2 pot challenge
7) 20p pot challenge
8) 1p,2p,5p and 10p pot challenge

I think that is it for now. I tried to start the 4k challenge towards the back end of this year, but could not be getting on with it. This time I am going to start at the begining of the year and give it a really good go.

Money Fritter