On the road to freedom!

MoneyMum

Oh god here I go!!

Im hoping this diary will help me really see my life as it is where the hell all my money goes and remind me how far I will come when this is all over.

Well LBM was 2nd January I realised that was it my money had run out and I wasn't going to scrap by this month or any other month if I carryed on.

I single working mummy love my son hate myself eeekkkk how awful is that to say to strangers!!

Well anyhow on we go!
Made myself fell better my treating myself to nice food, nice house stuff and a easy life.

So Payplan have said 2.5 years and a little more if the creditors dont freeze interest and charges.

So hopefully in 2.5 years time ill be debt free and a few lb lighter.

XX

MoneyMum

Well today has been a NSD :j
Hoping to rack up a few more of these over the next few weeks.

Have set up a new HSBC basic bank account so no frills, no overdraft and no card payments. Must say it feels quite liberating on the one hand but Im worried I'm going to struggle manage the balance between money in the account and money in my purse.

I've made some cut back and cancelled things I never used.

Gone so far :j

Parking @ £25pm
Weightwatcher @ £10.95pm
Credit Expert @ £6.99pm
Natwest Fee @ £8pm

Total £50.94 a month or £611.28 a year!!!! :T

MoneyMum

Im not including the debts interest rates or minimum payments as I haven't it to hand but they will hopefully all be dealt with by Payplan soon

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 1
Number of children in household......... 1
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 857
Partners monthly income after tax....... 0
Benefits................................ 1124 (Tax credits, Housing Ben & Child Ben)
Other income............................ 170 (Maintenance)
Total monthly income.................... 2151

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 36 (DFS)
Rent.................................... 960
Management charge (leasehold property).. 0
Council tax............................. 95
Electricity............................. 20
Gas..................................... 23
Oil..................................... 0
Water rates............................. 25
Telephone (land line)................... 0
Mobile phone............................ 35 (New contract so cant reduce atm)
TV Licence.............................. 12
Satellite/Cable TV...................... 65 (TV, Landline & internet)
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 20 (growing lad plus school uniform)
Petrol/diesel........................... 40
Road tax................................ 10
Car Insurance........................... 60 (renewal in Sep hopefully be lower as will be 25 and been driving 2 years)
Car maintenance (including MOT)......... 17
Car parking............................. 0
Other travel............................ 36 (Train to work)
Childcare/nursery....................... 0
Other child related expenses............ 12
Medical (prescriptions, dentist etc).... 2
Pet insurance/vet bills................. 5
Buildings insurance..................... 0
Contents insurance...................... 12
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 30
Haircuts................................ 11
Entertainment........................... 20
Holiday................................. 0
Emergency fund.......................... 20
Pet Food................................ 10
Cigaretts............................... 80
School Dinners.......................... 35
Total monthly expenses.................. 1891


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 800
Other assets............................ 0
Total Assets............................ 800


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 396......(36).......0
Total secured & HP debts...... 396.......-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Natwest CC.....................905.54....0.........0
Santander CC...................2124......0.........0
Santander OD...................900.......0.........0
Payplan........................0.........180.......0
Very...........................127.81....0.........0
Next...........................721.8.....0.........0
Total unsecured debts..........4779.15...180.......-


Monthly Budget Summary
Total monthly income.................... 2,151
Expenses (including HP & secured debts). 1,891
Available for debt repayments........... 260
Monthly UNsecured debt repayments....... 180
Amount left after debt repayments....... 80

Personal Balance Sheet Summary
Total assets (things you own)........... 800
Total HP & Secured debt................. -396
Total Unsecured debt.................... -4,779.15
Net Assets.............................. -4,375.15

Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using other browser.

MoneyMum

Money spent today
£98 to clear Argos card
£89 - Sainsburys - Food for 10 days, one month of cat food, one month of nappies and wipes, a few cleaning bits. Slightly more than usual as I had very little in the house.
£3 on another ****** school tie when I know I have safely put up a perfectly good one on friday and cant remember for the life of me where it is!!

Back later. x

MoneyMum

Money spent today.

£10 - Oyster top up
£4 - 2 x drinks, a nibbles at work.

Think ill bring a big bottle of drink to work and save myself some money there. Will also bring some cheap nibbles.

I did bring my lunch to work today :j so that has saved me a fiver.
Im a bit proud of myself for bringing lunch but it has bade me realise my £5 lunch at work was probable more like £9 once I add in the drinks and a bag of crisps ect :eek:

xx