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Saving for a new Horse!

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  • Baldybear
    Baldybear Posts: 1,720 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Clipping is another thing to add to the list for the hoss to get used to. Seen as the weather is getting colder now rug time shortly, maybe try this weekend :) Hoping that Baldys old rugs will fit her temporarily, at least for this winter as will save a few pennies and can save up for new ones next year once she has grown a bit more!

    £5 survey money landed in paypal so will withdraw after ebay sales over the weekend. £550 to be found for joint a/c but hoping OH's wages will cover this and his expenses.
    Debt 13-1-25 - £39K!!!
    Mortgage 13-1-25 - £63K

    Mt DFW Diary: https://forums.moneysavingexpert.com/discussion/6580353/at-an-all-time-low#latest
  • Baldybear
    Baldybear Posts: 1,720 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Morning world. Spendy day yesterday £12 but that was £10 cash which is still in my purse and a roll so not as bad as could be. Need to buy a roll and some milk for work but will use the £10 so no extra out of the bank. Still just in budget. :cool:

    £17 from paypal has hit the bank so have transferred to card so now £47 to find. Still owed £46 from friend for hay so if get that shortly then use that in budget and transfer amount from bank across. :)

    Have redeemed amazon voucher for £31 on TCB. really need a new camera as mine is bust but one that is good is around £200 :eek: So need to find a way to find the extra for this. The plan was to get a new camera when received inheritance but not sure when this is coming.

    Also checked savings accounts and only have £42 in my horse fund, vet is booked for october, need at least £120 so another few pennies to save up there too. Have no leeway in the budget for savings at the moment apart from car expenses, even then its not enough. Time for another rethink. :(
    Debt 13-1-25 - £39K!!!
    Mortgage 13-1-25 - £63K

    Mt DFW Diary: https://forums.moneysavingexpert.com/discussion/6580353/at-an-all-time-low#latest
  • Baldybear
    Baldybear Posts: 1,720 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    So Baldybear style SOA/Budget/Musings. Not pleasant reading :(

    My Salary: £1350
    OH Salary: £220/week approx so £880 (possibly more havent had full weeks salary yet so going on worse case. Will know by Friday exact amounts so can readjust as necessary.
    Total in: £2230

    Bills to pay:-
    Mortgage £774
    Council Tax £156
    Electricity £40
    Gas £25
    Water £31
    TV/Phone/Broadband £65
    TV Licence £12
    NWP Min £30
    Sofa £31
    Groceries £150
    Insurance Savings £100 (for insurance, car tax, mot not enough though)
    My mobile £30
    Bank charges/interest £20
    Fuel £80
    Hairdresser/Farrier £30 ( both bi monthly)
    Horse rent £182
    NW Loan £148
    VW Finance £140
    OH mobile £40
    Bcard min £30
    OH Misc (xbox etc) £30
    OH lunches/Misc £100
    Wendy Misc £50
    Total £2294

    So a current debit of £64 a month :( I also havent included horse food, we usually buy in bulk every few months. The insurance savings is to cover the building/contents insurance, life insurance, car insurance and car tax, mot for 2 cars. Worked out need approx £2125 and only save £1200 a year so £900 odd short here too. We also overpsend on groceries prob another £50 a month :(

    I think we are making the books balance by me using my £850 OD facility, although only use approx up to £500 of it. We get extra money from ebay, surveys, daily clicks etc. We have also in the last few months had extra money from shares and PPI payouts. There arent going to be anymore of these. We are promised a small inheritance but that may take another few months.

    Current debts is:-
    NW Loan £7370 (payment included above) 6.9%
    VW Finance £6036 (payment included above) think 10%
    Sofas £1,145 (payment included above) 0%
    Parents loan £8650 (currently not paying) 0%
    NWG £64 (min payment usually £5 but hoping to clear this soon and this £5 not included) 18%
    NWP £2867 (payment included above) 0%
    BCard £900 (payment included above) 18%

    Also need extras for horse vet (approx £150 a year)

    When we get the inheritance we should be able to pay of the bcard and nwp so a saving of around £60 a month. This would make us break even at least (not counting extras). We would hopefully also be able to pay another large chunk of the NW loan of so reducing the term of this.

    So need to find a way to make at the moment this much extra:-
    £60 budget shortfall (going to target this via daily clicks/cashback)
    £50 groceries overspend (going to try not to spend this)
    £150 for vet (currently have £40 so £110 to find) (going to use surveys for this)
    £1000 Horse food spend (going to use ebay for this and the 2 months free council tax money)
    £900 insurance fund (hmmm will have to think again for this :rotfl:)

    Will update debt totals on Monday as more payments go out and payday so will be slight reduction to the above. Also will review these targets regularly.
    Debt 13-1-25 - £39K!!!
    Mortgage 13-1-25 - £63K

    Mt DFW Diary: https://forums.moneysavingexpert.com/discussion/6580353/at-an-all-time-low#latest
  • Baldybear
    Baldybear Posts: 1,720 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Morning yay its Friday :D

    OH got his payslip last night, £240 so an extra £20 a week. Also havent taken into account he gets paid weekly so this will help a wee bit. Still short by a lot for budgeting. Also the budget doesnt take into account presents etc :( Need to do some more work on this, but have cut down quite a lot already.

    So my targets are still reasonable for now. Will be counting as of Monday. Few good things have £10 giftcard and £22 worth of points for grocery shopping so should have £32 "extra" this month, so in theory this balances the book this month.

    Ebay got free listing so need to get some more stuff on there, got few things selling and few survey payments so can add to the various pots once money received.
    Debt 13-1-25 - £39K!!!
    Mortgage 13-1-25 - £63K

    Mt DFW Diary: https://forums.moneysavingexpert.com/discussion/6580353/at-an-all-time-low#latest
  • Baldybear
    Baldybear Posts: 1,720 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Good morning, bleurgh to a miserable rainy Saturday. Really glad we have the rain as my field current resembles a dust bowl but being typically British will moan about it anyhow :rotfl:

    Good day yesterday, cleared out a load of weeds in the field so hopefully now with the rain some grass will grow :) Went to garden centre and mum bought me a few plants. Spent £6 on getting my car washed, could have done it myself but they were so quick and have done a much better job so worth the money :D Then went to sisters and had chinese. OH bought this. He has gone out today to pick friend up from airport so will get fuel and parking. We need to transfer some more to joint account but will sort out tomorrow.

    No spend day for me, done the hoss and a nice relaxing afternoon at home. Have done a few boring surveys, been really good and listed 9 items on ebay and food out of the freezer for dinner later. :)

    Have started to introduce rugs to the hoss, put a fleece on her a few days ago, did it up and she was ok with it. Found an old lightweight outdoor rug and will try this on later as then hopefully she can wear in the field tomorrow if rain continues. Am lucky that Baldricks old rugs just about fit her, a wee bit tight but should be ok for this season and then can clean them up and sell them and get some new next year but glad hopefully dont have to spend any new pennies this year :)
    Debt 13-1-25 - £39K!!!
    Mortgage 13-1-25 - £63K

    Mt DFW Diary: https://forums.moneysavingexpert.com/discussion/6580353/at-an-all-time-low#latest
  • missrlr
    missrlr Posts: 2,192 Forumite
    Morning, hoss progress sounds good. On the haylage side I used to buy BIG bales rather than the horse hage over priced stuff. BIG as in commercial like the cow bales but not silage haulage.
    As only had the one ginger ninja I used to share bales with another owner and it was munched before any danger of going off or drying out. Perhaps you can investigate as an option. Used to get 2 bales delivered every fortnight so much cheaper than weeny bales. Food for thought (for hoss not you)
    Start info Dec11 :eek:
    H@lifax [STRIKE]£13813.45[/STRIKE] paid Sep14 paid 23 months early :T
    Mortgage [STRIKE]£206400[/STRIKE] :eek: £199750 Mortgage £112500
    B@rclays £[STRIKE]25000[/STRIKE] paid 4 years 5 months early. S@ntander £[STRIKE]9300[/STRIKE] paid 2 years 2 months early
    2013 8lb lost 2014 need to lose 14lb. Lost 4 so far!;)
  • Baldybear wrote: »
    £1000 Horse food spend

    Yikes! :eek::eek::eek::eek::eek::eek::eek: What are you feeding him? That's about 2 years' worth of feeding my two! I stopped using commercial feeds last year - Merlin has improved 200% after being taken off cereals and molasses and Finn is doing brilliantly on it. Mine are on unmolassed beet (Speedibeet, but Purabeet or any other unmolassed beet is just as good), Halleys Greengold (unmolassed alfalfa - some horses can react to this) and then a home-made mixture of micronised linseed (really good source of oil for healthy skin and coat and keeping weight on through winter), brewer's yeast (helps digestive processes and makes sure they get the best out of what they eat) and 99.7% pure magnesium oxide (good for feet and also has a calming effect if they've been deficient).

    Total cost for a small horse and a large pony is about £12 a month and I have hay on top of that in winter.
  • Baldybear
    Baldybear Posts: 1,720 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Round up of figures:-

    This consists of May figures to todays figures

    NWG CC - £84.98 - Now £42.58 drop of £35, but have used recently so no major overspend here which is good
    NWP CC - £2,955.62 - Now £22839 drop of £116 :)
    NW Loan - £8,844.60 - Now £7224 drop of £1620 :j
    Parents - £8,650.00 - Now £8650 - currently on hold :cool:
    VW Finance - £6,466.26 - Now £5898 - drop of £567 :D
    Sofa - £1,235.95 - Now £1115 - drop of £120 :)
    Bcard - £0 - now £918.60 :( (increased by £145 this month)

    Total now £26,688.39. :eek: Still way to much but am pleased there has been an overall drop of £193.72 since last month, tiny but at least its going in the right direction. :)
    Debt 13-1-25 - £39K!!!
    Mortgage 13-1-25 - £63K

    Mt DFW Diary: https://forums.moneysavingexpert.com/discussion/6580353/at-an-all-time-low#latest
  • Baldybear
    Baldybear Posts: 1,720 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Thanks everyone for your comments re horse food.

    Round up of horse food/bedding

    £7 bag woodchips approx 1 a week = £364 a year
    £5.75 haylage bag approx every 4 days (3 days in winter but less in summer) so averaging 2 a week = £598
    £10 Hifi approx 1 every 2 months = £60
    £10 Stud nuts (in ball) approx 1 a month = £120
    £10 stud mix (in feed) approx 1 a month = £120

    Total yearly cost of food and bedding £1,262 or £105 a month :eek: These are approximate prices/usage as apart from haylage not sure of costs. I do get a discount of 5% on the haylage but need to check. Not due for a feed top up for a month or so so will check exact prices then. Have bag of hi-fi and mix spare so when old stuff used up will see how long these do last.

    She is on stud nuts and mix designed for youngstock, come next year going to check with nutritionist as may be able to switch to different feed. Maybe something to put down on my to do list over xmas break. The haylage is reduced in the summer but upped in the winter as putting some out in the field too so will keep an eye on it.

    2 ebay items sold over the weekend should make about £5 profit, just awaiting payment. Few watchers too on some of the items listed yesterday so keeping fingers crossed.

    I do have a small confession, actually its a rather large spendy confession with more spendy bits attached :eek: Booked tickets to go to download festival next year, going to stay in a pod shared with friends for 3 days, approx £1k for the 2 of us (this doesnt include food) :eek: So this will be added to debts temporarily and be really going for it to pay this of quick as is putting all my good work so far back. :(

    Must pin OH down tonight to transfer joint a/c money.
    Debt 13-1-25 - £39K!!!
    Mortgage 13-1-25 - £63K

    Mt DFW Diary: https://forums.moneysavingexpert.com/discussion/6580353/at-an-all-time-low#latest
  • We've been so tempted by Download - Rammstein and Iron Maiden are two of Mr Minx's favourite bands, but we simply can't justify it :(

    I'd definitely look at the feed again over Christmas. I had a friend, sadly no longer with us, who owned and ran one of the largest warmblood studs in the south west - she never fed her youngsters anything but good grazing and hay until they started proper work as four and five year olds and many of them went on to be international competition horses.
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