*my Diary* - Omg!

natsplatnat

Hi All!

Having spent ages getting the weekly money saving tips email I finally ventured on here on Wednesday 19th Nov 2008. This followed my LBM:rolleyes:

My LBM came on Wednesday evening on my way home, just as the cashpoint said I could have the tenner I wanted, but would have to pay £25-00 for the privilege! I took my card and walked away without the tenner - yes, in the past I would have taken it despite the charge!

Wednesday I sat down and used the Personal Budget Plan that HSBC recently sent me in response to my letter trying to reclaim my charges due to hardship.

My total debt £18,225 :eek:

After a gulp and a period of wanting to cry, I got angry with myself for letting myself get in this state. I think it is this self-anger that will keep me going!!

I always thought that I was quite tech-savvy, but find it hard to locate things on this site, so when I find the SOA template (I think there is one somewhere!) I will put it on here for you all to view and welcome your comments.

I did have a stroke of 'good luck' last night when I found an empty Abbey credit card. I contacted them and took advantage of their 0% BT offer. 0% until August 2009. I moved money from Egg card (currently at 17.9%) and Egg money (currently at 12.9%). There is a little space left on the Abbey card at 0% - do I transfer some money to my overdraft (HSBC £800-00) where I am bouncing over their limit and getting those annoying charges?

Today, I have made a packed lunch for the second day in a row (a record for me).

Tonight I need to work out my available cash for the week (I get paid weekly!)

Thanks for reading!

Nat

tirlittan

Congrats on facing to your debts and welcome to the board. Loads of lovely knowledgable peeps here.http://www.makesenseofcards.co.uk/

tirlittan

Actually, this link will take you straight to the calculator.http://www.makesenseofcards.co.uk/soacalc.html

CautiousPaul1981

Good luck, I'm a newbie too, unfortuantely with over twice the amount of debt you have (Gambling idiocy).......so your half way there in my eyes!!! If we stick together we will battle through it....It will be interesting to see who can clear the most the quickest between us both!!!

[Deleted User]

Hiya,

Just wanted to pop in and say hello.

Tea
x

natsplatnat

Hi Cautious Paul,

Actually I should be thank you (along with a couple of others) for it was read your own diary that made me think of joining in with one of my own!

My OH used to gamble (horses mainly, online) and in part I 'spose this has added to my situation as I found I had to cover more of the everyday things like food etc! He has stopped gambling now and is also trying to sort himself out!

There are only lessons to be learnt from looking back - looking forward is the way to go!! Although I only have £40-00 to spend between now and Thursday 27th! :mad: It is all my own fault - I can't blame anyone (apart from the bank charges! lol)

We can and we will do it! My life is not going to be the same for a while - but after it will be much better!


Have just realised I did not take into account my fuel of £15 this morning and my mobile bill of £22.00!!
Available cash for the week £5!! B*gger!!

doodledo_2

Hi Nat and welcome to the forum.

Well done on having your LBM and you are definately in the best place.

When you have done your SOA pop it up on here and you will get loads of advice hopefully on ways of shaving your outgoings.

Good luck with your journey to being debt free

natsplatnat

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1475.7
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0[
Total monthly income.................... 1475.70


Outgoings
Rent.................................... 450
I have put council tax, electricity, water, land line, tv license in as part of the £450 - as it goes into a separate account where all that is taken care of!
Mobile phone............................ 20
Groceries etc. ......................... 120
Clothing................................ 10
Petrol/diesel........................... 65
Road tax................................ 2.92 new car - diesel, £35 RFL
Car Insurance........................... 16
Car maintenance (including MOT)......... 7
Other travel............................ 218 finance on new car (I'm sorry!!)
Medical (prescriptions, dentist etc).... 1.66
Presents (birthday, christmas etc)...... 60
Haircuts................................ 10
Entertainment........................... 120 need to stop smoking and the odd drink?
Holiday................................. don't tend to budget!!
Emergency fund.......................... 0 whats one of those?:rotfl:
Total monthly expenses.................. 1100.58



Unsecured Debts
Description....................Debt......Monthly...APR
egg loan.......................6503.77...238.......7.96
egg card.......................1366.41...30........17.9 now on 0% for 9 months*
egg money......................5080.02...100.......12.9 now on 0% for 9 months
Total unsecured debts..........12950.2...368...... Although there is an additional credit card with £4274 on it that is paid from the 'house account' out of the £450 (joint debt with other half, but have classed it all as mine in the total of £18,225)

0% balance transfer minimum repayment £25-00 until August 2009 - saving approx £65 in interest a month:T




Monthly Budget Summary
Total monthly income.................... 1,475.7
Expenses (including secured debts)....... 1,100.58
Available for debt repayments........... 473.78
Monthly UNsecured debt repayments....... 368
Surplus(deficit if negative)............ 7.12

clearmydebts

Hi,

Just wanted to say welcome and the best of luck on your debt free journey. You sound like you have a very positive attitude so that will help you reach your goal.

angie_baby

:wave: Just thought id say hi :wave:

angie_baby

And well done for admitting the smoking - i havent on my SOA which is why im always skint!!!