Mr and Mrs K's New Journey to a Debt Free Life.

AlexLK

bess1234 wrote: »

Lol no I meant I'm getting addicted, in order to avoid e baying ! Damn, going now

It is perhaps for the best you are addicted to my diary rather than to eBaying... that is unless you want to buy a couple of nice pens?

AlexLK

heartbreak_star wrote: »

Have a go with the spending diary, it's a useful tool...if nothing else I wouldn't buy stuff because I couldn't be bothered to write it down

HBS x

I've got a very detailed Excel spreadsheet Mrs. K. has made for income / expenditure. It is also based on our SOA so we can see the differences between what we estimate to spend and what we actually DO spend. Though we are confused what to write for things like insurance and utilities which we don't pay for monthly, we just usually find the money as and when.

heartbreak_star

Oh, with the diary you write it down then and there - so easy to forget the couple of quid on a coffee and cake, especially if there's no receipts! You actually keep the book with you

Maybe with the utilities take an educated guess? Add last year's bills together and divide by 12? Or do a monthly direct debit, that way they get paid automatically?

HBS x

AlexLK

gallygirl wrote: »

Don't give up on the idea, your credit score will be repaired one day .

12 - wow. Would they like to adopt me :rotfl:. We live where houseprices (and rent!) are very low and we will be retiring in 3 years on the income from 4, all being well. I'm cheap to run . Mr GG will also have a v good pension but until it's in his hands he won't believe it, I'll have to wait longer for my smaller sums. Lived frugally for so long and save/pay off a lot every month so I'll actually have more disposable income when we retire!

Yes, hopefully it will at some point, does anybody have any idea how long that takes when one has completely wrecked it as I have? This is more for curiosity than anything.

:rotfl: House prices and rent is also fairly low here, especially compared to the South East. If you can get a couple of student houses on the go, they make the most.

My parents also had more disposable income upon retirement: all the houses were paid for so the full rental value goes to them now (they self manage, though I can't see that happening for much longer as father is 77 and mother, 71) plus two rather generous pension pots. As for me, I'll probably be working in some capacity or another until I drop!

AlexLK

Iwillsucceed wrote: »

Hello Alex!

I think there is a lot of money to be made out of what you are passionate about, music?
I bet, most of the people in your circle and the village people desire their kids to be skilful at least in one musical instrument and at least another foreign language :-)

Regards,

I do know of a woman who teaches piano and woodwind fairly locally who earns £1,225 per week from it, she is highly qualified, experienced and charges £35.00 because she has a waiting list. There is most definitely a decent income to be made out of it.

As for foreign languages, there is a man in the neighbouring village that does indeed make a small fortune out of tutoring French, German and Spanish.

AlexLK

heartbreak_star wrote: »

Oh, with the diary you write it down then and there - so easy to forget the couple of quid on a coffee and cake, especially if there's no receipts! You actually keep the book with you

Maybe with the utilities take an educated guess? Add last year's bills together and divide by 12? Or do a monthly direct debit, that way they get paid automatically?

HBS x

Ahhh, I see, that sounds a little more complicated.

I meant, are we meant to actually put the money away somewhere towards the bill? We were thinking of doing a direct debit for the utilities. Not for the car insurance as it's more to pay monthly; see I'm not a complete money saving heathen.

heartbreak_star

AlexLK wrote: »

Ahhh, I see, that sounds a little more complicated.

I meant, are we meant to actually put the money away somewhere towards the bill? We were thinking of doing a direct debit for the utilities. Not for the car insurance as it's more to pay monthly; see I'm not a complete money saving heathen.

Ohh, gotcha!

I think some of the DFW's have envelopes - they label an envelope for "car tax" one for "electric" etc, and sock the money away in it each month. You can also do it with online savings accounts - I have 3 "pots" attached to my account for different things

HBS x

AlexLK

heartbreak_star wrote: »

Ohh, gotcha!

I think some of the DFW's have envelopes - they label an envelope for "car tax" one for "electric" etc, and sock the money away in it each month. You can also do it with online savings accounts - I have 3 "pots" attached to my account for different things

HBS x

Thank you.

OK that makes it easier. I have quite a few Natwest change boxes free from the business, so we'll label some up.

LannieDuck

I believe things take 6 years to fall off your credit record, but I'm sure someone more knowledgeable will advise.

There are ways you can do a free (or cheap) credit check and find out what's actually on your credit record. I think there's a page on this site that tells you how. Again, hopefully someone else may know more...

heartbreak_star

I'm glad I made sense with that post Alex - so often I don't

HBS x