SavingCaz's route to a better life diary!!

savingcaz

Hi all,

Decided to start a DFW dairy as i've been at it a year now and kind of finding the slump so hopefully if i can keep up with this i will be motivated. Comes from my going mental this week with shopping went a bit crazy on vista print, thought i was getting good deals but it ended up being £60 and to be fair i have got couple of calendars, 2 mugs, 4 photobooks and other bits and bobs but shouldn't of done it

We now have about £10 to last us the next week, it's my birthday tomorrow and Hubby wanted to do a special tea, don't think we've got enough now for him to do it i'm so stupid!!

Anyway what's done is done and we can start the new year in good old style!

We are going away for new year - my mum's treat and get back on the 2nd of Jan, incidentally I'm going for a MRI that day - A SUNDAY!!! on the NHS i nearly feel off the sofa when she said it.

Hubby gets paid a week early this year, i only get paid a day early which isn't too bad, however it is only sick pay so not too great!

I'm going to post my original SOA and do an updated on so can see the difference etc!!

I will prob just ramble but i am hoping to make a SERIOUS dent in the almost 14k we still owe!

When we finially had the illusive light bulb moment on 12th September 09 we cut up our cards and our debts were a massive £23,157.76p:(:eek: So far we have paid off 9,5k and it has made a difference.

I've only just done a snowball how daft am i but were now going to be focussing on clearing the M&S card and then focusing on the HSBC off.

First Statement of Affairs and Personal Balance Sheet *not when i had light bulb moment*

Household Information
Number of adults in household........... 2
Number of children in household......... 1(8 month baby!)
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 1900
Benefits................................ 160
Other income............................ 0
Total monthly income.................... 2060

Monthly Expense Details
Mortgage................................ 715
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 90
Electricity............................. 90
Gas..................................... 93
Oil..................................... 0
Water rates............................. 43
Telephone (land line)................... 15
Mobile phone............................ 30 (both mine & Hubby)
TV Licence.............................. 13
Satellite/Cable TV...................... 21
Internet Services....................... 5
Groceries etc. ......................... 150 (estimate at the min is prob more like 100)
Clothing................................ 0
Petrol/diesel........................... 200
Road tax................................ 25 (2 cars)
Car Insurance........................... 50 (2 cars)
Car maintenance (including MOT)......... 20 (can't afford to but this away at moment)
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 25
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 35 (contents included)
Contents insurance...................... 0
Life assurance ......................... 45 (both of us)
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0 (have to struggle each time there is a birthday!)
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1665


Assets
Cash.................................... 0
House value (Gross)..................... 100000 (estimate)
Shares and bonds........................ 0
Car(s).................................. 3000 (estimate)
Other assets............................ 0
Total Assets............................ 103000


Secured & HP Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 125......(715)......0 (95 mort & 30 loan to do house up)
Total secured & HP debts...... 125.......-.........-

Unsecured Debts
Description....................Debt......Monthly.. .APR
HSBC...........................7500......185...... .0
M&S............................7035......180...... .0
AA.............................3500......52....... .0
Studen loan me ................13000.....0.........0 (not havin to pay as not earning)
student loan Hubby.............3000......100.......0
Argos..........................280.......11....... .0
Egg Hubby......................550.......25........0
Egg me.........................135.......25........0
Total unsecured debts..........35000.....578.......-


Monthly Budget Summary
Total monthly income.................... 2,060
Expenses (including HP & secured debts). 1,665
Available for debt repayments........... 395
Monthly UNsecured debt repayments....... 578
Amount short for making debt repayments. -183

Personal Balance Sheet Summary
Total assets (things you own)........... 103,000
Total HP & Secured debt................. -125
Total Unsecured debt.................... -35,000
Net Assets.............................. 67,875



It's so bad isn't it!

This was a year later

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 2

Monthly Income Details
Monthly income after tax................ 500 this is an estimate, as it changes every month, so it's just an average bit frustrating really)
Partners monthly income after tax....... 1950
Benefits................................ 122
Other income............................ 0
Total monthly income.................... 2572

Monthly Expense Details
Mortgage................................ 711
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 76
Electricity............................. 73.5 (includes arrears)
Gas..................................... 73.5 (includes arrears)
Oil..................................... 0
Water rates............................. 41
Telephone (land line)................... 50 (includes, tv, internet, and all day calls)
Mobile phone............................ 35 (2 phones)
TV Licence.............................. 12.37
Satellite/Cable TV...................... 0 (including above)
Internet Services....................... 0
Groceries etc. ......................... 200 currently on GC
Clothing................................ 20 - estimate don't put anything away currently but planning on doing this from next month)
Petrol/diesel........................... 250 - work quite away from home
Road tax................................ 20 (don't put anything away currently but planning on doing this from next month)
Car Insurance........................... 64.2 (2 cars)
Car maintenance (including MOT)......... 10 (don't put anything away currently but planning on doing this from next month)
Car parking............................. 0 (normally take mum shopping etc so use disabled badge)
Other travel............................ 0
Childcare/nursery....................... 250 (rest is taken at source before tax etc)
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 7.20
Pet insurance/vet bills................. 8.93
Buildings insurance..................... 20.20 (free contents included)
Contents insurance...................... 0
Life assurance ......................... 44
Other insurance......................... 10 - contact lenses
Presents (birthday, christmas etc)...... 15 (don't put anything away currently but planning on doing this from next month)
Haircuts................................ 7.50 - (have my hair done 2-3 times a year max)
Entertainment........................... 10
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1999.4


Assets
Cash.................................... 0
House value (Gross)..................... 125000
Shares and bonds........................ 0
Car(s).................................. 2500
Other assets............................ 0
Total Assets............................ 127500


Secured & HP Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 125000...(711)......5.92
Total secured & HP debts...... 125000....-.........-

Unsecured Debts
Description....................Debt......Monthly.. .APR
HSBC...........................5855.18...154...... .25.9
Marks and Spencer..............2879.32...84.48.....23.9
AA.............................3550.46...55.26.... .16.9
Overdrafts.....................3065.22...50....... .0
Total unsecured debts..........15350.18..343.74....-


Monthly Budget Summary
Total monthly income.................... 2,572
Expenses (including HP & secured debts). 1,999.4
Available for debt repayments........... 572.6
Monthly UNsecured debt repayments....... 343.74
Amount left after debt repayments....... 228.86

Personal Balance Sheet Summary
Total assets (things you own)........... 127,500
Total HP & Secured debt................. -125,000
Total Unsecured debt.................... -15,350.18
Net Assets.............................. -12,850.18


This was 100% accurate though so plan on doing another one asap when all latest bills come through.

savingcaz

Ok, So a new year a new start!!

January is going to be a very hard month, i'm on sick pay, the car's mot was due, both car's needed repairs due to the extreme weather etc etc!

However i may be down but i'm certainly not beaten! I've going kind of oldstyle i think. we still had some leeks in the garden that we thought would be well passed their best. Anyway Hubby pulled them out the garden before work yesterday. I (with my crutches and leg in a brace) cooked a huge pan of Leek, potato & Bacon soup (potato's we got from Mr T just before New Year for 14p again thought they wouldn't be ok!) Anyway from my 14p spuds I got a big pan of soup. We also had £3.50 worth of skirt beef in freezer, so used that with some carrots and made a slow cooker full of posh lobbies/stew and also rescued the chicken dhansak that hubby had ruined the other day! which will do 4 portions!!

Hubby made some bread, and i baked some cake for him too!! So all weeks meals done all on well no spends this week!

I'm really really determined this year to get our debt down to the bear minimum by next January!!

Ramble over lol!