Gallygirl's "A journey of 121,226.67 pounds begins with a single penny" diary

gallygirl

, tell him to enjoy every last moment from me. Best days of my life, those spent wasting my parents' money.

:rotfl::rotfl::rotfl:

In all seriousness, what do the spreadsheets contain and how often do you update them?

• One is my banking spreadsheet - current account with all DD's and weekly spends filled in advance, all gets reconciled and updated..... em...... daily
• Another has personal tax on it - how much of a rebate I'm due for pensions conts, work mileage etc. That gets 'offset' against the rental income tax - so the house account gives me a personal rebate IFSWIM as overall liability is reduced.
• One page simply lists the DD's and when they are due so I can transfer easily over to main banking sheet.
• Another page is where I record the monthly savings for annual bills - car insurance, Xmas, dentist etc, plus for diesel as that fluctuates a lot. Gets a regular amount paid in each month and reconciled to credit card etc and appropriate amount transferred out again.
• Two where I divvy up my two credit card bills between the monthly spends and house account pots.
• A 'quadrant' one - read Rich Dad Poor Dad 2 for further info (she says, knowing you haven't read no. 1 yet :rotfl:)

That's my 1st spreadsheet. That'll do for now as forum about to shut down .

nattypants

gallygirl wrote: »

So........

Put simply:
DS buying house
Mr GG 'buying' 1/2 mum's house from me
So Mr GG gives me deposit for DS
And writes off my 'debt' to him
And the balance is coming my way in the summer to kick start savings (if I can wring it out of him :rotfl:)

3 things to note:
Mr GG now matching my payments every month
Pay off everything date now Sept 16. Action to 'bring that forward' underway .
Most importantly, as Mr GG and I are now equal partners so he can no longer say 'don't touch what you can't afford' .

Natty - if you are reading this - Operation Lie in the Sun and Drink Sangria underway :cool:

Yayyy I understand :dance:

gallygirl wrote: »

:rotfl::rotfl::rotfl:

• One is my banking spreadsheet - current account with all DD's and weekly spends filled in advance, all gets reconciled and updated..... em...... daily
• Another has personal tax on it - how much of a rebate I'm due for pensions conts, work mileage etc. That gets 'offset' against the rental income tax - so the house account gives me a personal rebate IFSWIM as overall liability is reduced.
• One page simply lists the DD's and when they are due so I can transfer easily over to main banking sheet.
• Another page is where I record the monthly savings for annual bills - car insurance, Xmas, dentist etc, plus for diesel as that fluctuates a lot. Gets a regular amount paid in each month and reconciled to credit card etc and appropriate amount transferred out again.
• Two where I divvy up my two credit card bills between the monthly spends and house account pots.
• A 'quadrant' one - read Rich Dad Poor Dad 2 for further info (she says, knowing you haven't read no. 1 yet :rotfl:)

That's my 1st spreadsheet. That'll do for now as forum about to shut down .

Nope, lost it again :think:

FloppyDisk

Goodness I'm not sure it was possible but Gally you make my spreadsheet sound simple!

gallygirl

FloppyDisk wrote: »

Goodness I'm not sure it was possible but Gally you make my spreadsheet sound simple!

Em.... that's just my personal banking one .

AlexLK

gallygirl wrote: »

:rotfl::rotfl::rotfl:

• One is my banking spreadsheet - current account with all DD's and weekly spends filled in advance, all gets reconciled and updated..... em...... daily
• Another has personal tax on it - how much of a rebate I'm due for pensions conts, work mileage etc. That gets 'offset' against the rental income tax - so the house account gives me a personal rebate IFSWIM as overall liability is reduced.
• One page simply lists the DD's and when they are due so I can transfer easily over to main banking sheet.
• Another page is where I record the monthly savings for annual bills - car insurance, Xmas, dentist etc, plus for diesel as that fluctuates a lot. Gets a regular amount paid in each month and reconciled to credit card etc and appropriate amount transferred out again.
• Two where I divvy up my two credit card bills between the monthly spends and house account pots.
• A 'quadrant' one - read Rich Dad Poor Dad 2 for further info (she says, knowing you haven't read no. 1 yet :rotfl:)

That's my 1st spreadsheet. That'll do for now as forum about to shut down .

Wow, you really are dedicated to this. My wife actually made some similar spreadsheets when I started my debt free diary and she was very much on board. However, updating quickly didn't happen.

I'm actually reading the first Rich Dad / Poor Dad and have played the online game once ... I bankrupted myself. :rotfl: Reckon that says it all! The notion of money even being discussed to children is a new one on me, my parents never talked about money.

Tahlullah

I think that has been a problem for a lot of people. Schools never addressed finances and budgetting and parents would never dream of discussing household finances with children. So, in my case, I never received any help to be money savvy until I moved out of home. Even to this day, I have no real understanding of my mothers income, finances, bills etc, because to her, I will always be her daughter and her finances are her business.

This is why I believe this should be built into the school curriculum. No one should assume that parents will teach children how to handle money.

And as a result of lack of intervention, I am naff at saving and have very little self control when it comes to spending; hence why I frequent this website.

AlexLK

Tahlullah: You make a very valid point. I grew up in a fairly affluent household and to be honest didn't grasp the concept that it could run out, until it did. Yet despite never talking to me about money, my parents were absolutely furious I spent every penny they gave me and did not understand how I could "be so stupid".

nattypants

Tahlullah wrote: »

I think that has been a problem for a lot of people. Schools never addressed finances and budgetting and parents would never dream of discussing household finances with children. So, in my case, I never received any help to be money savvy until I moved out of home. Even to this day, I have no real understanding of my mothers income, finances, bills etc, because to her, I will always be her daughter and her finances are her business.

This is why I believe this should be built into the school curriculum. No one should assume that parents will teach children how to handle money.

And as a result of lack of intervention, I am naff at saving and have very little self control when it comes to spending; hence why I frequent this website.

I agree, my parents finances and certainly never their salaries, were ever discussed, however I have always been open with my children with regards to money i.e. we have none :rotfl:
Unfortunately however, both my kids have a 'live for the day' attitude to money ....

gallygirl

AlexLK wrote: »

I'm actually reading the first Rich Dad / Poor Dad and have played the online game once ... I bankrupted myself. :rotfl:

:rotfl::rotfl::rotfl::rotfl::rotfl:

So...... 2nd spreadsheet.

• 1 page for each mortgage with daily interest added and daily balance
• 1 page of savings accounts, with ins, outs, interest and balances
• 1 page which listed my 'debt' to Mr GG and all transactions on it. Now progressed to projected joint payments
• 1 summary page which links them all and gives me a pay off date, plus whether we're ahead or behind schedule. Currently behind but due to catch up in Sept 16 :rotfl:
• A 'house' picture - excel piccie with a brick for each £1,000 paid off

Tomorrow night - pensions .

AlexLK

gallygirl: The mortgage one is useful but PENSIONS?? I'm not that old!