My Can i do it? Yes i can savings diary

zebedy

Hi cocalls,

I've just discovered your diary and read it all the way through. Sounds like you're doing really well, keep up the good work.

Have you thought about getting a cashback credit card and using it for your expenses (groceries, railcard, petrol etc and for what bills you can) and setting it up to be paid off in full from your current account. That way you could put the cashback money in your savings account.

Remember to use cashback sites for any internet purchases
Make packed lunches to take to work
Drop a brand or 2 on all your groceries and cleaning products etc.

And STOP lending people money!

go for it!

cocalls

Thought id do a new SOa as so much has changed looks like we have 835.36 left over wow that's loads!


Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1417
Partners monthly income after tax....... 1300
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2717
Monthly Expense Details
Mortgage................................ 395.99
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 89.48
Electricity............................. 25
Gas..................................... 45
Oil..................................... 0
Water rates............................. 11
Telephone (land line)................... 15
Mobile phone............................ 30
TV Licence.............................. 11.95
Satellite/Cable TV...................... 28.5
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 0
Petrol/diesel........................... 0
Road tax................................ 25
Car Insurance........................... 37.5
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 169
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 22.72
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 640
Holiday................................. 0
Emergency fund.......................... 0
ciggies................................. 24
footy subs.............................. 16
charities............................... 4.5
money to my mother to help her out...... 15
bank acc fee............................ 16
Total monthly expenses.................. 1831.64

Assets
Cash.................................... 2377
House value (Gross)..................... 120000
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 122877

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 74500....(395.99)...2
Total secured & HP debts...... 74500.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
od on bank acc.................700.......50........0
Total unsecured debts..........700.......50........-

Monthly Budget Summary
Total monthly income.................... 2,717
Expenses (including HP & secured debts). 1,831.64
Available for debt repayments........... 885.36
Monthly UNsecured debt repayments....... 50
Amount left after debt repayments....... 835.36
Personal Balance Sheet Summary
Total assets (things you own)........... 122,877
Total HP & Secured debt................. -74,500
Total Unsecured debt.................... -700
Net Assets.............................. 47,677
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.[/font]

cocalls

zebedy wrote: »

Hi cocalls,

I've just discovered your diary and read it all the way through. Sounds like you're doing really well, keep up the good work.
Many thanks-im trying but it's getting harder!
Have you thought about getting a cashback credit card and using it for your expenses (groceries, railcard, petrol etc and for what bills you can) and setting it up to be paid off in full from your current account. That way you could put the cashback money in your savings account.
OOhh weird i was thinking of this the other day
Remember to use cashback sites for any internet purchases
Always try to
Make packed lunches to take to work
i say im pretty good on this just a couple of slip ups
Drop a brand or 2 on all your groceries and cleaning products etc.
We've dropped several-tesco value brand for me!
And STOP lending people money!
ok:p
go for it!

Will do thanks for the support

tara747

How come you're always up at 5am???

WPC

Afternoon Cocalls,
Just read your post all the way through. Good luck with your savings, you are doing really well. xx

cocalls

tara747 wrote: »

How come you're always up at 5am???

I have a real problem with falling asleep really early in the evenings and then getting up really early in the mornings have consulted a dr who specilises in sleep and he says thats just the way i am

cocalls

WPC wrote: »

Afternoon Cocalls,
Just read your post all the way through. Good luck with your savings, you are doing really well. xx

Thanks for the support WPC

Jimmyc

I'm also looking at ways to cut down my monthly expenses as its so easy to spend money.

Do you really need a car? If you get the train to work? I'm planning on moving to a more central location, once done my car if history.

You mention telephone line as well as TV, if you have a BT line and SKY tv change over to get a SKY phone line, great option for cheap broadband and cheap line rental (not available in all areas?)

£85 each per week is quite a lot for entertainment if you take down to £55 each this will save you £240 a month.

Lunch's at work, most people i work with spend £5-£7 a day on lunch's / drinks? don't know what you do, but i spend £2 on a salad from ASDA or bring sandwiches, and once a every few of weeks i'll but a bottle of squash.

Sorry if these have been mentioned already.

PS maybe you should ask your managers for a pay rise.. I know we are in recession but if you don't ask you don't get.

Jimmyc

Good luck anyway

cocalls

Thanks jimmy C some useful things to mull over there

Got paid today savings are now up to £2811.33 wooowooooooooooooooooo
Way over half way hurrah!!!!!!!