Hello, i'm new

Paula_anne

Hi, new DFW here

I currently owe £1,915. i know its not a huge amount but its a debt,
last year i consolidated into a loan which was £1,950 but now is £750.
Got computer with hfc loan £600 and i also have credit card £450.

I am dealing with this comfortably and hope to be debt free by march 07.
But recently i have been falling back into my bad ways by spending on catalogues, next £45 and littlewoods £60.

Think i just need some motivation and support, i have recently downsized my car:j to a cheap one that cost £100.

I really like the idea of the 'no spend day' threads.

My downful is 2 mags every week and treats for my 2 girls, thanks for reading.
Paula x

yung

Hi Paula welcome to the DFW forum, to get help of how to save and becoming DF you need to post an S.O.A (Statement of affair ie income and expence) good luck to you

immoral_angeluk

hi and welcome to DFW.. could you post your SOA and then we should be able to see if we can help you to maybe cut some of your outgoings down to help you out a bit?

Froglette

Hello and welcome! I have not been long here myself, I posted my SOA a few days ago and not only did it help to write it all down to get an idea of where it was all going but everyone's replys have been really useful. Thanks everyone.

Annie_Fanny

Guidance on posting an SOA can be found here:http://forums.moneysavingexpert.com/showthread.html?t=107280

Good luck - you'll be fine!

Annie

Paula_anne

OK my husband pays utilities and rent.

INCOME
work part time £240pm
child benefit £116pm
TOTAL £350

Also get £328 maintanence for dd1 use for treats presents,dinners and ballet,
isn't technically my money so don't like using it to pay my debt off with.

OUTGOINGS

BT-£33
TV licence-£10.99
SKY-£10.50
HSBC loan-£100
PETROL-£60
CATALOGUE-£15
C/CARD-£30 but pay £100

TOTAL £279.49.

I have £600 in savings so was thinking of paying hfc off, cos its over 4 yrs and i don't want it hanging over me that long.

Annie_Fanny

Paula_anne wrote:

OK my husband pays utilities and rent.

INCOME
work part time £240pm
child benefit £116pm
TOTAL £350

Also get £328 maintanence for dd1 use for treats presents,dinners and ballet,
isn't technically my money so don't like using it to pay my debt off with.

OUTGOINGS

BT-£33
TV licence-£10.99
SKY-£10.50
HSBC loan-£100
PETROL-£60
CATALOGUE-£15
C/CARD-£30 but pay £100

TOTAL £279.49.

I have £600 in savings so was thinking of paying hfc off, cos its over 4 yrs and i don't want it hanging over me that long.

You don't have many outgoings? What about food, haircuts, council tax, utilities etc. Can you include a list of debts with their details i.e. APR, length left to pay off...

Cheers
Annie

Paula_anne

I work in the evenings and i find it hard to not pop into Asda i admit i do waste money in supermarkets, i can be strict but when i'm low it's hard to have self control, spent £20 on make up and hair dye last night cos i felt down and now i regret it cos i didn't need those things.
Spending is like drugs it gives u a short term high but makes u feel bad after.

Paula_anne

Yeah my husband pays all of that, and he gives me £40 a wk for food.

hsbc 15%apr 7mths left

hfc £20 3yrs 5mths left

credit card 22% i think

catalogue next apr?
littlewoods0%

sister in law does my hair and treatments. husband is in motor trade so my expenses are low in that area.

leon103

Paula_anne wrote:

I work in the evenings and i find it hard to not pop into Asda i admit i do waste money in supermarkets, i can be strict but when i'm low it's hard to have self control, spent £20 on make up and hair dye last night cos i felt down and now i regret it cos i didn't need those things.
Spending is like drugs it gives u a short term high but makes u feel bad after.

Try taking these things back. You will feel much better.

Also do you have anything to sell, Ebay, amazon etc. Money could be used to pay off bills

Paula_anne

not really but have got a pile of stuff to boot fair but really don't want to do it alone, low confidence, bit of a phobia of being alone and being under pressure in public places.