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My DFW Diary by ShinyShoes
Comments
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I didn't sleep well last night, a mixture of having a cold and worrying about money. I know if we can hang on until Feb 2014. I've managed to find the cash for the upfront nursery fees, I have an old current account which is used to top up paypal account, it has a 2k overdraft so I'll have to use that to enable me to pay the first month upfront and deposit. I've found a childminder nearby but she charges £5.50 an hour (the day nursery is £5.35 an hour so I may ask if she's able to drop her price slightly. It's a bit cheeky I know.
Next on the list is to review my post office credit card, at the moment the DDR is for 10% of the balance. I'm hoping to cancel this so I can pay the minimum for the time being as I can't stretch to 10% at the moment.
DH is start to feel down about money too and feels he is the cause .... he was unemployed for 6 months which did have a big impact on our finances. Our accounts are very separate but I manage our money together. He works 5.5 days a week for a £20k salary and we're waiting for the CSA to tell us how much they'll be taking off that too - something that's not been factored in my workings :-(DFW Nerd 1447 - Proud to be dealing with my debt!
Starting Debt £26,342 (Apr 2013)
Current Debt £25,152 (July 2014)0 -
I've just been shopping - and opted for a lost of Asda Smart Price items instead of the usual supermarket brand. Let's hope DH likes them as he's a sucker for labels!DFW Nerd 1447 - Proud to be dealing with my debt!
Starting Debt £26,342 (Apr 2013)
Current Debt £25,152 (July 2014)0 -
february 2013 isnt too far off so hopefully you can hold on til then.
your DH may be a sucker for labels...but im sure he'd be more of a sucker for the savings you're going to be making
hope your cold is getting better xFacing up to things - nov 2012 total 9334.95
back to work after baby -Jan 2014 - total [STRIKE]6905.28 [/STRIKE](1 credit card) £3535
Debt Free Date March 8th 2017 (31st birthday)0 -
sorry meant Feb 2014!DFW Nerd 1447 - Proud to be dealing with my debt!
Starting Debt £26,342 (Apr 2013)
Current Debt £25,152 (July 2014)0 -
Sorry,being dim,why Feb 14?I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0 -
Feb 14 is when I make last payment on loan which frees up £341 a month to repay credit card debtDFW Nerd 1447 - Proud to be dealing with my debt!
Starting Debt £26,342 (Apr 2013)
Current Debt £25,152 (July 2014)0 -
mmmm I've been having a read back ......ShinyShoes wrote: »Monthly Income Details
Partners monthly income after tax....... 1324
Monthly Expense Details
Childcare/nursery....................... 950
Other child related expenses............ 230
Total 1180ShinyShoes wrote: »He started a new job a couple of months ago, it's initially a 6 month contract. I did suggest he becomes a stay at home dad but he didn't really like that idea. He's a bit old fashioned and thinks he should be out earning money for his family.
I think you need to have another chat with your OH - he is basically working for £144 / month .... how much of that is then used up with costs of getting to work etc?
Try approaching it from a short term perspective ieShinyShoes wrote: »unfortunately we don't have family near by to look after DS. My mum's hoping to move over but that's not until Oct 2013.ShinyShoes wrote: »Feb 14 is when I make last payment on loan which frees up £341 a month to repay credit card debt
It needn't be forever but until your DM moves closer and can help out and / or the loan's paid which frees up more money.
Sorry but it just doesn't seem to make sense to me to be paying nearly one full wage to cover c/care costs - there are also other savings that can be made having one partner at home all the time that would also cut bits off your SOA.
Also, think of the wonderful relationship he'd have built with his son by then - not many fathers get to do that .... and priceless - IMHO worth much more than £140 / month! (there's more ways of providing for your family than money ........)Grocery Challenge £211/£455 (01/01-31/03)
2016 Sell: £125/£250
£1,000 Emergency Fund Challenge #78 £3.96 / £1,000Vet Fund: £410.93 / £1,000
Debt free & determined to stay that way!0 -
I'd never looked at it from that perspective .... it's quite sickening. He's a bit old fashioned and feels he should be out working to provide for the family, and he hated it being out of work as he said he felt like a slave to the house. I will mention it to him though.DFW Nerd 1447 - Proud to be dealing with my debt!
Starting Debt £26,342 (Apr 2013)
Current Debt £25,152 (July 2014)0 -
im not pregnant or anything by hubs & i have discussed when we do and finacially it would make sense for us. i am the main bread winner and he is out of work t the moment & is a self emplyed tiler so never regular work. I was very suprised that he was so happy to do it based on the sensibility side of it. not the man pride side of it.Facing up to things - nov 2012 total 9334.95
back to work after baby -Jan 2014 - total [STRIKE]6905.28 [/STRIKE](1 credit card) £3535
Debt Free Date March 8th 2017 (31st birthday)0 -
Hi ShineyShoes
Do talk seriously to your OH...financially (and stresswise) it would make a lot of sense..
Have a great weekend and well done on your progressMFiT-T4 Member No. 96 - 2022 is my MF goal
Winter 17/18 Savings Rate Goal: 25% [October 30%] :T
Declutter 60 items before 31.03.18 9/60 ** LSDs Target 10 for March 03/10 **AFDs 10/15 ** Sales/TCB Target 2018 £25/£500 NSDs Target 10 for March 02/10 Trying to be a Frugalista:rotfl::T0
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