Doing it for my 4.5 little kiddies 2011 diary

mummy2mygirls

New year, New start I like a nice new diary and a nice new start to the new year so here is my new diary.
A little back ground to me and my family for anyone new who might be reading this. Im a mummy to 4 lovely little kiddies, I have 3 girls aged 7, 4 (today ), 1 and a little boy who is 8mths im also due no5 in April. I love my kiddes but they keep me VERY busy. Im married to my lovely husband - who works hard and long hrs for us.
We both got into the debt together after a long few hard years. Which included having to relocate and a few years of depression and spending to help 'cheer' us up......yep we all know it doesnt help - if only we did years ago....

We have not used a cc or had any credit since june 2010. We had our LBM before this time and have been working on lowering the debt but the odd thing kept being put on ccs as a 'emergency' but im so happy that we have managed so long without adding a single bit to the debt

So for 2011 I have lots of aims as usual and will list them on here:

* I want to pay of £10000 over the year including all min payments and loan payments etc....
* Sell on ebay/amazon etc and make around £50 a mth after fees and postage etc which is £600 over the year.
* Stick to a budget. Always working on this and the best way to make things work.
* Save £1000 to use for Paternity pay by April....

I will write on the next post the list of people we owe money to and the amount and will update each mth how they stand......

Also going to add on my SOA which im going to keep more of a eye on over the mths.....

So wish me luck :D:D

trixiepix

Happy birthday to your little one and good luck for 2011.

xx

mummy2mygirls

Thank you
I was just working out the amounts for all accounts and somehow lost my whole post....will try again

GE money - £6300
Black horse - £6500
Abbey cc - £2100
Tesco 1 cc - £1190
Tesco 2 cc - £4100
Egg cc - £3800 - not 100% sure on this one as lost the log in details but will get DH to check and change if needed
Overdraft - £3000
Catalogue - £600

Total - £27590 :eek::mad::eek:

mummy2mygirls

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 4
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 2320
Partners monthly income after tax....... 0
Benefits................................ 428
Other income............................ 0
Total monthly income.................... 2748
Monthly Expense Details
Mortgage................................ 810
Secured/HP loan repayments.............. 280
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 106
Electricity............................. 50
Gas..................................... 59
Oil..................................... 0
Water rates............................. 49
Telephone (land line)................... 20
Mobile phone............................ 12
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 20
Groceries etc. ......................... 300
Clothing................................ 40
Petrol/diesel........................... 100
Road tax................................ 25
Car Insurance........................... 44
Car maintenance (including MOT)......... 25
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 10
Other child related expenses............ 20
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 18
Buildings insurance..................... 7.5
Contents insurance...................... 7.5
Life assurance ......................... 30
Other insurance......................... 20
Presents (birthday, christmas etc)...... 50
Haircuts................................ 0
Entertainment........................... 150
Holiday................................. 0
Emergency fund.......................... 35
Total monthly expenses.................. 2300

Assets[/b]
Cash.................................... 0
House value (Gross)..................... 145000
Shares and bonds........................ 0
Car(s).................................. 5000
Other assets............................ 0
Total Assets............................ 150000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 127000...(810)......6.2
Hire Purchase (HP) debt ...... 6500.....(280)......22
Total secured & HP debts...... 133500....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
abbey over draft...............3000......29........13
Abbey cc.......................2100......46........17
Tesco 1........................1190......37........17
GE money.......................6000......116.......13
egg............................3800......87........18
Tesco 2........................4100......82........18
Total unsecured debts..........20190.....397.......-

Monthly Budget Summary
Total monthly income.................... 2,748
Expenses (including HP & secured debts). 2,300
Available for debt repayments........... 448
Monthly UNsecured debt repayments....... 397
Amount left after debt repayments....... 51
Personal Balance Sheet Summary
Total assets (things you own)........... 150,000
Total HP & Secured debt................. -133,500
Total Unsecured debt.................... -20,190
Net Assets.............................. -3,690
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

mummy2mygirls

So from this it gives me a extra £50 over min payments each mth which I am going to put into a seperate account on pay day and keep it in there till the end of the mth and as long as nothing crops up ill pay extra off a cc.
Need to put £150 a way each mth from this basic for the yearly savings. Will also have to save £2 coins towards xmas and also earn as many vouchers etc from surveys to put towards next xmas.
Will save all silver in sealed tin for the summer holidays so that we can do some fun things over the holidays without going mad
Save all coppers which will go towards debts.
Any extra I sell or earn on quidco etc will go towards cc or any extras that come up like things for the kids house or new baby..... This will also be helping towards the paternity pay.....

I will also stick to the grocery challenge. Also I have a new budget book which im filling in and putting all things we spend on in there

pennywisepoundstupid

Found you, good luck with the new diary.

If_My_Pennies_Were_Pounds

Good luck Mummy *Subscribes*

mummy2mygirls

Glad you both found me

Today is going to be a NSD. Tonight for dinner we are having fishcakes, mash and veg. Yummy I have a thing for the salmon ones from Mrt at the mo - im sure we could make them cheaper but im being lazy and they are very yummy
Might make some pudding aswell as fancy something sweet - not sure if im going to make a treacle sponge yet or a rice pudding?!?!? Choices.........Need to also find the blade from my bread maker as ive somehow lost it.

fizzypops

found you too!!!!

good luck with your new diary

xxxx

Pips_Mum

Hellooooooooooooooo I am with you again x x x

dirtyepic

Hi, ooh a lovely new diary that I can join in with right at the very beginning.

Good luck with your plans for the year.

I am also attempting to crack the horrible 'depression-spend-happy-depressed-sad-spend' cycle and at the moment it's going quite well but not going to count my chickens etc because I know how this works now and one hint of a bad time and it all might start over again!! I am trying to keep up with my diary as well but all I seem to do is write lists and bumble on about my day but it keeps me happy and occupied and not spending money I suppose!!

I will be watching and reading and wishing you luck throughout!!

T
aka dirtyepic