Growing up and facing the debt burden

justajamjar

In a strage turn of events, I got a rejection from Tesco bank saying I had already applied there... I then did a bal transfer to my barclays account to reduce the amount i get charged. Now tesco sent me forms to complete... Must have been a system error. Will def apply for the card and 0% for 22 months. If I can take out the interest on halifax and no interest on barclays till April, hopefully can pay off the loan by then so I can get out of debt in one place....

Still need to buy quite a bit of clothing for skiing and cycling to work.

Off to Edinburgh for the weekend and then travel free till mid dec... Also got to go out for my cousing wedding which is in SA!! Its in Feb or so but thats another £1k of spend coming my way soon.....

Have managed to spend £10 in the last 2 days and have lunches for the rest of the week so should be cheapish end to the week.

justajamjar

November has been an incredibly expensive month and I cant wait for it to end. I have kept an expense tracker of literally everything that I have spent and its not pretty reading.....

The upside is I will know where to focus on in December (I am going skiing which I now wish I wasnt as I could have saved the £650 +£450 clothing costs to pay down debt) and will really focus on knocking down the debt pile in the new year. Tempted to take 6 months off drinking and get fit as that is where the most of my cash goes... Going out drinking....

The good news is I am moving into a house share with people I know well in February and get along with which should make being at home a far more pleasant experience.... I know there will be some people that will be amazed by the amount I have spent this month as am I and I certainly havent acted like a man that wants to reduce his debt.

I am getting a 0% card which I can move money onto that is incurring a fee and I am looking forward to trying to pay off my 1 loan asap so I can then focus on the cards.

I still have to book an overseas flight in Feb for a wedding which will be £600. After that though I should have minimal expenses between Mar and October (where I am going to another wedding in Taiwan/Aus)

justajamjar

One thing is for sure I can do a SOA after this terror month!!!!

Total incoming: 3071 (salary plus additional cash)
Total Outgoing: 2641
Debt repaid in the month: £400

A massively expensive month was had.
Broken down into categories excluding paying down debt:
Entertainment: £970 (This included booze in the pub, movies, dinner,taxis,presents,weekend in Scotland, tickets to a concert (on behalf of 4 people will get some cash back and changing my lock as I lost the keys)
Clothing: £470 Ski kit, new suit pants and trainers - I usually dont buy clothes, this hurt me hard
Sports: £224 Joined swimming gym for 3 months upfront payment, entered london tri, bike kit and repairs
Food £140 (take aways were 70 home food 70)
Lunches and breakfast in office £50
Travel £68 - could have been £135 so saved something there
Utilities £100
Rent £470
mobile £77 - abroad costs hurted me a little

Planning for next month has made me wince

justajamjar

December forecasts.....
Clearing off overdraft: £590
Loans £870
CC £400
Rent £470
Utilities £100
=2430 of my £2500 salary....


Loans wont go up so thats a welcome drop its just how little I can spend....
Predictions:
28/11 pay day and £4.60 spent
29/11 lunch in office and diiner with frineds at their house = £20
30/11 lunch in office plus xmas party - £10 got to love free drinks
1/12 friend birthday £60
2/12 hangover and at home £10
3/12-7/12 lunches some sport and food £50
8/12 friend birthday - £50
9/12 hangover at home £10
10-14/12 £50
15/ 12 friend birthday £50
16-20 - £50
21/12 buying presents last ski kit £140
22/12-29/12 a week skiing £350
NYE £100
Total = £950 on top of £600 = £1550 is my aim for the month. meaning nearly £1000 paid off in debt....

Time will tell

Indebted.Dunce

justajamjar wrote: »

Total incoming: 3071 (salary plus additional cash)
Total Outgoing: 2641
Debt repaid in the month: £400

A massively expensive month was had.

Look at the bright side, even in an expensive month you paid down debt. Additionally, you also made an investment (ski clothing) that you will use in years to come!

justajamjar

Thanks Indebted dunce - OI was worried when I looked at the paymnets vs salary then realised a lot of my payments (like this month) are against debt then I was double counting!!!

justajamjar

29/11 budget £20 actual £40 so £20 down on the month (pay check to pay check month for me) paid for the Sat party entry and I stayed out a bit late which lead to a £15 quid cab ride home... I have a lot of work tomorrow and an hour journey was not a sensible option....

With that night diary and those that like watching a car crash in motion!!!

justajamjar

Spend until end dec - £950 (32 days = £30 a day) spend so far £45/£950.... will track everyday and I know next week will be a cheap one. tonight was good and a great time but the cab ride did hurt... but was a necessary event

ghostmadlittlemiss

Unless you go skiing fairly often and would get the wear out of them, have you thought of maybe Ebaying the ski clothes when you get back again? Maybe keep the gloves and any scarves or hats though, if you're planning on cycling to work all through the winter, they'll probably come in handy!
Kayleigh

justajamjar

Thanksghostmadlittlemiss thats a good idea and will definitely do it as moving house end of jan and dont want to have lots of stuff to move!

Yesterday spent £30 - cabs are a night mare! Today hoping that will be cheaper than budgeted and tomorrow could be nsd....

£75/950