Squizz's Fizzy Diary

Karmacat

Big mushrooms ... lurvely. Hope you drive the sniffles away soon - I'm sure its about the change in the weather ...

redsquirrel80

Just popping on for a quick new month money update - debt now down to £3890 with budget worked out to get down to £3000 by the end of the year. £1200 in savings, don't think I'll be adding much to that till next year now.

Just remembered I get an increment in pay on 1st January, how much I get each month depends on what % payments I decide to go for in our new pension scheme, but will end up with somewhere between £20 and £60 more per month.

All going well should be debt free by July 2012 - round about the same time I (all going well) finish my degree - bit back to front, that, students are supposed to end up in debt!

Realised that once debts are paid off I will have (after bills and food and flute lessons) about £700 'spare' per month :eek: There will be some serious saving going on then I think...

Pippilongstocking

Well done on calculating all that serious saving indeed.

Karmacat

Fantastic, Squizz, well done you! Back to frontness suits you very well

redsquirrel80

OK, so I noticed at the weekend that the interest-free period on my overdraft had ended a few months ago, so being charged silly amounts on it (interest plus charges). Bit painful to do but I have just practically emptied my savings to pay it off - makes sense really as interest on overdraft was more than I earn on savings.

So, as per updated sig.. Debt at 16.12.09 was £10,362.38, now £2,939.16. So I've met my target to get below £3k by the end of the year (and there will be another £320 to come off next month towards the two remaining debts). Assorted re-budgeting and saving plans ahead!

Pippilongstocking

Yay to getting below £3k early!



Bah to overdraft interest and well done on paying it off with savings - gives Red a gentle hug - that would have hurt me alot! Looking forward to the new budgeting/savings plans afoot!

morning, only barely but morning!

Karmacat

Morning Pippi!

Squizz, its crazy not to, when there's charges involved. Good for you!

Cheery_Daff

Ouch, that must have hurt, you poor thing! But well done to getting under 3k early! :T :T Excellent news :j :j :j And your savings will build up much more quickly now you're not paying interest too! :j :j

Ellidee

All sounding good Squizz xx

redsquirrel80

Thanks I've come up with a budget that is tight but not totally impossible, which means I could have my debts paid off by the end of March :eek: After that I would have about £650 'spare' per month after basic costs, and reckon that by the end of 2012 I can have £5000 in savings and have been on a couple of decent holidays too.

Long and boring figures, obviously it will not work out exactly like this but it's a plan...

November
Income
Main job 1263.22
Second job 160.00
Carried over 35.00
Withdrawn from savings 1000.00

---

£2488.22

Outgoings
Rent 350.00
Phone 36.50
Groceries 100.00
Eating out 30.00
Lunches 10.00
Sporty type activities 24.00
Flute lessons 60.00
Sheet music 20.00
Christmas spendings 100.00
Debt 1 160.00
Debt 2 160.00
Overdraft 1120.00

---

£2170.50

Balance £317.72

December
Income
Main job 1263.00
Second job 80.00
Carried over £317.72

---

£1660.72

Outgoings
Rent 350.00
Phone 36.50
Groceries 100.00
Eating out 30.00
Lunches 10.00
Sporty type thingies 24.00
Flute lessons 60.00
Sheet music 20.00
Debt 1 160.00
Debt 2 167.29 (not sure where this weird figure came from but I can't be bothered working it all out again with a different one!)
Christmas spendings 100.00

---

£1057.79

Balance £602.93

January
Income
Main job 1263.00
Second job 80.00
Carried over £602.93
----
£1945.93

Outgoings
Rent 350.00
Phone 36.50
Groceries 100.00
Eating out 30.00
Lunches 10.00
Sporty type thingies 24.00
Flute lessons 60.00
Sheet music 20.00
Debt 1 300.00
Debt 2 501.87 (paid off)

---

£1432.37

Balance £513.56

February
Income
Main job 1286 (estimate with pay increment and new pension plan)
Carried over 513.56

---

£1799.56

Outgoings
Rent 350.00
Phone 36.50
Groceries 100.00
Eating out 30.00
Lunches 10.00
Sporty type thingies 24.00
Flute lessons 60.00
Sheet music 20.00
Debt 1 800.00

---

£1430.5

Balance £369.06

March
Income 1286
Carried over 369.06

---

£1655.06

Outgoings
Rent 350.00
Phone 36.50
Groceries 100.00
Eating out 30.00
Lunches 10.00
Sporty type thingies 24.00
Flute lessons 60.00
Sheet music 20.00
Debt 1 1150.00 (paid off)

---

£1780.5

Balance minus £125.44 (taken from savings)

April onwards
Income 1286

Outgoings
Rent 350.00
Phone 36.50
Groceries 100.00
Eating out 30.00
Lunches 10.00
Sporty type thingies 24.00
Flute lessons 60.00
Sheet music 20.00

---

630.50

Balance £655.50 per month.