This Time - No Excuses!!!

ceebeeby

Last year (2011) ... I failed dismally! I managed (somehow miraculously) to reduce the debt mountain by about £4k, which is fairly insignificant in the big scheme!

Welcome to my 2012 Diary!

1. Goals

• Keep this years monthly budget tracker up to date at all times!
• Get to 10st 10lb (AND STAY THERE!!! Or near abouts)
• Start gently ... 5 TRUE No spend days per month!!! (not even one penny!)
• No buying toiletries challenge - use the mountain of stuff in the cupboards
• Tick 2 things off of my bucket list and help someone achieve one of theirs.
• Reduce debt by at least £10,000 in 2012!
• No going into any shops in January (exceptions are: supermarket for food shopping within budget only, M&S for DH birthday gift (slippers) and Amazon (CD) and any supreme glitches for birthday gifts throughout the year).

2. Monthly Budget Tracker

December 2012

Account Information


Bank 1 Joint Account Balance: £199.24
Bank 2 Single Account Balance: £306.59


Outgoings:

Bank 1 Monthly Outgoings: £174.24
Bank 2 Monthly Outgoings: £94.35
Bank 2 Additional Expenses: £200.00
Bank 2 total: £294.35

BREAKDOWN

Bank 1 Outgoings:

[STRIKE] Mortgage 759.90
Build Ins 19.98
Nat Trust 6.65
Electric 96
C Tax 223
Contents 36.13
Gas 45.00
LOAN 2 Joint Loan 740.00
Sky 96.18
Pet Insurance 11.34 [/STRIKE]
Int and Charges 20.00
LOAN 3 Joint Loan (Exp 12/12) 105.90
Sky Protect 9.50
Home Care 32.34
Nat Trust 6.50

Total: £2223.36
Remaining: £174.24

Bank 2 Outgoings:

[STRIKE] RAC £10.98
Credit Card S £123.57
Credit Card B £154.04
Credit Card T £206.39
Catalogue 1 £62.47
Contract Phones 32.23
TV Licence 12.12
LOAN 1 (single) 312.38
Car Insurance 20.70
Credit Card A 166.00
Phone Insurance 7.99
Life Ins 1 27.43[/STRIKE]
Life Ins 2 - 9.35
Int / Charge - 20.00
Catalogue 2 - 65.00

Total: circa. £xx
Remaining: £94.35

Estimated Additional Expenses Break Down:

FIXED CHARGES
Petrol (£50.00 per week @ 2 weeks) = £100 remaining
Grocery Shopping (£50 / per week @ 2 weeks) = £100 remaining
EXTRAS
Additional Extras Total: £
Total remaining to pay out: £

3. Debt Tracker

Start of 2011 Total =£92,772.00
Start of 2012 Total = £88,143.01 :eek::o

CC1 - (interest 1.52% monthly / limit £6,700)
Outstanding Debt = £6637.55 - 166 = £6471.55
CC2 - (interest 0% monthly / limit £8,400)
Outstanding Debt =£8269.45 - 99.53 = £8169.92
CC3 - (interest / limit £2,400)
Outstanding Debt = £2322.91 - 74.38 = £
CC4 - (interest 0% / limit £6,900)
Outstanding Debt = X - X = X
Catalogue Account - (interest 0% / limit £5,400)
Outstanding Debt = £703.83-112.56 = 401.22

Loan 1 updated 01/12/12 - Bank (interest = 14.9% / initial amount = £18,000 / buy-out amount 01/03/11 = £13,588.37)
Outstanding Debt =£11,870.44
Monthly Payments = £312.38
(38/96 months remaining)
Completion date of loan = 1st February 2016
Loan 2 updated 01/12/12 - 1st Plus (interest = 7.7% / initial amount = £62,000 / buy-out amount not known)
Outstanding Debt = £37,000
Monthly Payments = £740.00
(50 / 120 months remaining)
Completion date of loan = 1st February 2017
Loan 3 updated 01/12/12 - GE Capital (interest 13.9% / initial amount = £5682.23 / buy-out amount not known)
Outstanding Debt = £0
Monthly Payments = £105.90
0/66 months remaining
Completion date of loan = 15th December 2012

Overdraft 1 = £1,450

Overdraft 2 = £3,100

Hiddenidenity

Hello look forward to reading

* subscribes*

This made my eyes water *Sky 98.99*

ceebeeby

I've just joined the Thrifty Gift Thread: https://forums.moneysavingexpert.com/discussion/3692937

My Birthdays List

Family

DH (Jan) - IPOD speakers (got) / slippers / CD / Trip to XXX
DD1
DD2
DD3
DS1
Gran
Mother
S-F
MIL
Brother

Friends

BF

Significant Birthdays

One x 18

Christmas


Family

DH
DD1
DD2
DD3
DS1
Gran
Mother
S-F
MIL
Brother

Friends

BF - Home made advent calendar with 24 mini gifts (0/24)

Itsadogslife_2

Wow, looking forward to this diary, I am loving the initial post, the anticipation is killing me

merlot123

ceebeeby wrote: »

Last year (2011) ... I failed dismally! I got more in debt than when I started, I didn't stick to my goals - and now the task is that much harder!

Welcome to my 2012 Diary!

1. Goals

• Keep this years monthly budget tracker up to date at all times!
• If I'm going to do it ... do it cheap!

2. Monthly Budget Tracker

January 2012

X remaining

Account Information

Bank 1 Joint Account Balance: £X
Bank 2 Single Account Balance: £X

Outgoings:

Bank 1 Monthly Outgoings: £
Bank 2 Monthly Outgoings: £
Bank 2 Additional Expenses: £0
Bank 2 total: £

BREAKDOWN

Bank 1 Outgoings:

Mortgage 748.70
Electric 14
C Tax 223
Contents 35.80
Gas 27.00
LOAN 2 Joint Loan 740.00
Sky 98.99:eek:
Pet Insurance 19.58
Int and Charges 7.50
LOAN 3 Joint Loan (Exp 12/12) 105.90
Sky Protect 9.25:eek:
Build Ins 41.35 - Your buildings and contents are really high, do you live in a huge house?
Home Care 32.35:eek:
Landline / Broadband 30.00
Nat Trust 6.50

Total: £
Remaining: £

Bank 2 Outgoings:

Credit Card 2 100
Contract Phones 30
TV Licence 12.37
LOAN 1 (single) 312.38
Car Insurance 22.74
Credit Card 1 170.00
Phone Insurance 7.99 Why do you need this, you have contents, does this not cover your phone?
Credit Card 3 100
Life Ins 1 27.43
Catalogue 100
Life Ins 2 - 9.35
RAC £9.83
Int / Charge - 7.50

Total: £
Remaining: £

Estimated Additional Expenses Break Down:

FIXED CHARGES
Petrol (£50.00 per week @ 5 weeks) = X remaining
Grocery Shopping (£50 / per week @ 5 weeks) = X remaining
EXTRAS
DD2 Uni Fares
DD3 Dance Fees
XYZ
Additional Extras Total: £
Total remaining to pay out: £

3. Debt Tracker

Start of 2011 Total = £92,772.00
Start of 2012 Total = XXXX

CC1 - (interest 1.52% monthly / limit £6,700)
Outstanding Debt = £
CC2 - (interest 0% monthly / limit £8,400)
Outstanding Debt =£3,797.07 - 297.07 =£3,500 + £600 = £
CC3 - (interest / limit £2,400)
Outstanding Debt = £
Catalogue Account - (interest 0% / limit £5,400)
Outstanding Debt = £
Loan 1 - Bank (interest = 14.9% / initial amount = £18,000 / buy-out amount 01/03/11 = £13,588.37)
Outstanding Debt =£15,619
Monthly Payments = £312.38
(50/96 months remaining)
Completion date of loan = 1st February 2016
Loan 2 - 1st Plus (interest = 7.7% / initial amount = £62,000 / buy-out amount not known)
Outstanding Debt = £45,880
Monthly Payments = £740.00
(62 / 120 months remaining)
Completion date of loan = 1st February 2017
Loan 3 - GE Capital (interest 13.9% / initial amount = £5682.23 / buy-out amount not known)
Outstanding Debt = £1270.80
Monthly Payments = £105.90
12/66 months remaining
Completion date of loan = 15th December 2012

Owed to Mum = £2155
Owed to Gran = £1000

Overdraft 1 = £1,450
Overdraft 2 = £3,100

So, here's the new shiny thread for 2012!

My hope for this MSE year will be that it is full of fun, laughter and glitches ... I think I'm going to need them!

Do you really have £92K of debt? You owe your Gran £1000 and you are paying silly money to Sky!

I not being judgemental, just honest with my views.

merlot123

ceebeeby

Morning and A Happy New Year!

Hooray - I've managed 12 and a half hours of the year so far and haven't spent a penny (well, figuratively I guess I have - but not literally!) .... having said that, I've slept for at least 7 of those hours! I wonder if that counts.

I must - must - must update finances today, can't believe I haven't done it already!

Was at a party last night and was trying to remember what goals I'd set myself this year, and realised they were majorly wishy washy, so think I need to set some time aside to do that. Mine need to be quite specific, otherwise I don't keep them!

The first one I think has to be to cut down on Sky TV - judging by feedback so far (and I do love honest comments) there has to be something done about that.

Am off for a walk soon, and then taking dinner to my Gran's - and we'll all eat together there.

Thanks so much for the early followings - one of my very very favourite quotes from Harry Potter, and one that is eminently suitable for use in my life is "hang on, it's going to be a bumpy ride"

CBB

ceebeeby

Oooh, PS .... some of the answers to queries:

Buildings and contents insurance - 4 bed det, so not huge, but the lead lining blew off the conservatory 3 years (ish) ago and we had to make a claim.
Phone insurance is for DD2's phone - she's always losing / breaking it
Sky - 4 different boxes in house - mad isn't it
Homecare - british gas - have major problems with the boiler!

The money owed to Mum and Gran was to do with a house I bought for them and the agreement was for it to be repayed when house was sold (up for sale at present), I included it above to make sure it wasn't ever forgotten about. It's a complicated story!

ceebeeby

Oh help! Just done the monthly calculations and it's looking very dire! I always struggle like mad through January!

Have allocated £200 for food and £200 for petrol, but can maybe 'squidge' that down a bit as have heaps of stuff in the cupboards that could keep us going (unfortunately all high calorie!!!)

Just as well I like challenges :-D

twinmum07

Wow - you are so seriously organised.
I love using up the 'stuff' in the cupboard but it never seems to work out very well for the waistline does it?

ceebeeby

Hi twinmum,

The 'stuff' in the cupboard challenge is super easy if you go onto the old style boards! The posters on those threads can help you make a 5* meal for four for about a pound (using cupboard stuff) if necessary!

Thank you for joining the thread.

Dinner at my Grans was brilliant. We were joined by one of her neighbours and a merry time was had by us all. We took the food, and there was actually enough left to feed us tomorrow as well (my Gran didn't want the lefties!)

We're all queueing for the shower now, then into jim jams, followed by Xmas puzzle and then watch Xmas prezzie movies. Whilst I'm waiting my turn am going to look for a new shiny avatar to help me on my way!!

ceebeeby

A whole day without spending anything, unless you count paying £50 extra to one of the Credit Cards (only because I was scared it was going to bounce)! I'm going to try for another NSD tomorrow - ooh, maybe that could be a challenge - no spending days - I did that a couple of years ago and was reasonably effective at it!

Have just finally updated all the debt tracker balances, as up to date as possible. Am £4k less in debt than I thought - every penny counts, so I suppose this is positive rather than negative (shame it's not £40k less!!!).