Growing up and facing the debt burden

justajamjar

Budgeted £60 for the evening out incl costumes etc - turns oit I didnt spend rearly as much but I did get food and top up my travelcard so with outfit charity donation etc spent £55
sun was £35

Currently spent £165/£950.....

What was really great about last night is I met someone that could be special if I dont mess it up.... good times indeed.

Need to ensure I have minimum spend in the week this upcoming week and on the weekend

justajamjar

Bit of a mare week to the bank balance. Turns out I left my work shoes at home and was in the office and needed a new pair. That cost me £65 - nice shoes at least. Booked a skiing lesson before hitting the slopes was £160 and drinks with mates was £22. Transpot was £20 Lunches cost me £10 so I have now spent £405/£950 - looking okay I guess with travel insurance to be added.

Got quite a few work events still to come so should be another cheap week when you take the shoes and lesson out of the equation. just hope that i dont need public transport which i fear i will with the weather predictions....

Indebted.Dunce

Well done Jam!

The rate at which you are paying down your debts, you should be debt free in no time. I really admire the fact that you are able to live a life whilst paying down your debts etc! I would love to be able to undertake half of the travel you do!

I am also impressed how you can live in London for c£550pm (housing costs) and yet only pay £135 on your travelcard! If you don't mind me asking, what part of London do you live and work in?

justajamjar

Indebted.dunce - I live in the SW area of London great deal on the house and work in Holborn area of london - my travel is usally less as I like to cycle in probably only 70 a month.....

justajamjar

Payday has happened and on reflection hasnt been too bad a month but I dont want to work out what I spent or saved nor do more planning as I am off on holiday tomorrow. Will have to come back rather broke and deal with the diary in the new year!!! So for anyone rerading this, merry christmas happy new year and lets all fight debt in 2013!!!! Good luck everyone (its not luck but hard work and discipline....)

Indebted.Dunce

Have a great holiday Jam! We will take the bull by the horns in 2013!

Merry Christmas and Happy New Year to you too.

justajamjar

I cant believe that its the last day of 2012 already.... I am relaxing at home, trying to recover from a fantastic holiday and work out how I will handle another night on the town... At least it will be my last for a while as I try fight off the weight and then deal with the depressing state of financial affairs!!!

Of course its my fault and of course I got myself in the position I am in but like many people out there I dont really like the consequences of my actions....

My debt has gone up a little but I havent made the payments yet so I hope it wont be too much....

Outstanding: Barc 9100 (end 31/12/13) halifax [STRIKE]2600[/STRIKE] Now 4000 (paid 30/03/13) loan 11000 (whenever expires 2015) loan 2 [STRIKE]3000[/STRIKE] 2 500 ( paid by 30/05/13) LBM 29 316 now [STRIKE]25 950[/STRIKE] 26 600

I have got an extra card from Tesco's sadly they didnt give me enough to shift the whole halifax amount but it will take half of it onto an interest free amount. I still have to book a flight to my cousins wedding for February and very keen to do a half iron man which is £200

January will be a tough month but I am in a much better place than I was 4 months ago and the 3k reduction shows that.

I hopoe everyone enjoys their new years eve parties and good luck for 2013....

banwa

£3k reduction in 4 months is fantastic, especially after Christmas and a holiday. Can't watch to see those numbers on your signature drop in the new year.

Banwa

justajamjar

So with the year closing down I have thought about some new years resolutions:
1. Drop below 90kg's - I am overweight,unfit and unhealthy. Of course this is all relative as I managed to swim 2km last time I went for a swim and cycle into work which probably means I am not as bad as I think. The goal is to drop below 90kg's (or 20% bodyfat) as soon as possible.

2. Be able to do 10 pushups. Whilst the above may show I am not that unfit, this certainly shows I am way way way below average for strength. I cant do a single proper push up. Never have been able to and its something I want to sort out. I am not that weak, I can pick up heavy loads and hit a golf ball 300 yards I just cant do push ups.... 10 proper push ups in a row is my challenge

3. Complete a half iron man. I have to find one to enter, if not complete the London tri in under 2.45 hours. I have done 3.00 on the dot before so 15 minutes off my last time is the aim.

4. Start studying something. Cima is my first thought but maybe something more work related will be the answer.

5. Stop procrastinating: Very tricky one since I am still in bed at 3pm on my day off, the bag from the trip is still not unpacked and a load of washing has completed an hour ago and I still havent hung it up.
In all seriousness there are 168 hours in the week (with 120 during the week) and I spend them during the week on:
60 Hours working
10 Hours commuting
30-35 hours sleeping (6-7 hours a night)
105/120 already used.
I would like to:
Study - 5 hours
Cook decent food 2 hours
Do my laundry and clean the house 2 hours
Exercise - 5 hours....

Any procrastination to the above will eat into my sleep and weekend free time. So messing around on facebook or any other sites eats into my sleeping time more than anything else....

6. Pay down all my debt apart from the loan..... Lets see how that goes

What are your new years resolutions?

justajamjar

Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 2516
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2516
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 369
Rent.................................... 470
Management charge (leasehold property).. 0
Council tax............................. 17
Electricity............................. 12
Gas..................................... 17
Oil..................................... 0
Water rates............................. 10
Telephone (land line)................... 0
Mobile phone............................ 15
TV Licence.............................. 5
Satellite/Cable TV...................... 19
Internet Services....................... 8
Groceries etc. ......................... 180
Clothing................................ 0
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 100
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1232

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

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Secured Debt.................. 11000....(369)......17
Total secured & HP debts...... 11000.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
loan...........................2500......525.......5
back...........................9700......210.......0
hal............................4200......50........17
Total unsecured debts..........16400.....785.......-

Monthly Budget Summary
Total monthly income.................... 2,516
Expenses (including HP & secured debts). 1,232
Available for debt repayments........... 1,284
Monthly UNsecured debt repayments....... 785
Amount left after debt repayments....... 499
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -11,000
Total Unsecured debt.................... -16,400
Net Assets.............................. -27,400
Created using the SOA calculator at www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using IE browser.