Piggybanker's diary

Piggybanker

Hi everyone

I've been lurking for some time, and trying to put into practice some of the ideas I've seen. Some are difficult for me though, as my income is significantly lower than my outgoings, even making only minimum payments. I've no surplus to throw at credit cards, and have not been successful in getting cards to balance transfer to for a better deal. The bank keep offering me account reviews and suggesting consolidation, but even that has been turned down.

The first of my loans will be paid off in 9 months, so I'll have an extra £335 to direct towards other debts.

In the meantime I've recently got a second job at weekends, although it is agency which suits me as I need a bit of flexibility, but also means it isn't guaranteed. I'm also doing AQA, ebaying and selling books on Amazon, doing surveys etc etc.

I've looked through my bank statements today and found £800+ worth of charges, so I've prepared letter to bank requesting complete list of charges as I think there are probably more. I'll send it tomorrow.

Also today I've changed my milk order - cut it by 1/4. Small things will soon add up I hope :-)

I'll do an SOA as soon as possible
Best wishes

Piggy

lynzpower

hey piggy banker ( great name )

If you did your SOA there might be a way we can find some extra from your SOA, I dont think Ive seen one yet where there is NO excess

All the best
lynz

Piggybanker

Ok - here's the beginnings. I'll add missing APRs asap.


income 1,118.29


rent 362.50
council tax 58.00
water 13.00
electric 20.00
gas 10.00
phone 5.00
zen internet 12.50
mobile 25.00
tv license 6.00
union subs 12.00
food 80.00
fuel 100.00
milk 5.00


Description/Min payment /Balance / APR
natwest loan /208.00 /£3915
Virgin loan /333.00 /£3807
RBS /100.00 /£3600
natwest /100.00 /£3900 / ? (1.385% monthly)
b/c /100.00 /£1500 /24.9%
mint /50.00 /£2000
marbles /40.00 /£1200
capital one /30.00 / £800 / ? (2.008% monthly)
halifax /40.00 /£3700 /12.9%
amex nectar /100.00 /£4300 /? (1.02% monthly)
virgin /20.00 / £500 /? (1.094% monthly)
0/D /35.00 / £3500

Total outgoings £1,865.00 per month

Current balance is the limit on all cards.

All advice gratefully received

:eek:

Piggybanker

It's all a bit up and down!

So, this evening I plucked up the courage to post and felt great, for about 15 mins.

Then had a call from mum to say RBS had called twice today. I've not lived with mum for years, and the RBS card only dates from last summer - so, not best pleased that they called her. Anyhoo, called them back and felt rubbish for a while (slightly over limit due to underestimating interest and payment protection etc) .

Then, an email to say a book I've had on Amazon has sold so I'm a happy piggy again.

Piggybanker

So, today's progress:

1 - Signed up to Quidco

2 - Applied for, and was accepted for, A&L bank account

3 - Made 8 Christmas cards

4 - Found wine, beer and chocs that I can take to friends' house when we go for dinner tonight, so no spend today :-)

Any advice on above SOA?

Regards
Piggy

benbenandme

Hi Piggy,

Is the income figure both jobs or just your main job? Also is the fuel for a car as there are no costs for mot/insurance etc. Any possibility of a new main job earning more money or maybe even a payrise or promotion???

Piggybanker

Hi Benben

I've only put income from main job as it is the only guaranteed income, unfortunately.

The fuel is petrol, but I have no other vehicle costs because for the time being I have a lease car (although the lease will end soon).

I've recently gained a qualification and there will be a small pay rise, (and I mean small). Then I will be on a new grade and will have an incremental rise annually as well as inflationary increase, but the amounts will still be small. I need to have a couple of yrs post qualifying to be able to gain promotion unfortunatly.

Thanks for your reply - hope I have remembered all the points you raised.

Piggy

Sammz

If your figures are halved then I would suggest you look at changing internet providers. Also, if you're not in a contract the mobile could be cut. And do you really need the union?