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Started DMP, Now need to budget!!!!!!
sickandtiredofdebt
Posts: 18 Forumite
Hi all 
As you can see im not new to the mse forums, I have been trying to tackle my debts for years with not much progress.
Everything came to a head the other week when I saw a huge drop in my wages (long story) but the joys of now being self employed.
Because of this I was unable to pay my credit cards and decided I had had enough of my debt ruling my life.
I contacted payplan and they have been great, my DMP is due to start on 12th Nov. Don't get me wrong, I feel awful about having to have done this, feel like a bit of a failure really, but I was at a loss of what to do!!!
All being well, I should be debt free in 3.5 years
What I need to do now is a spread sheet with a budget on for birthdays, Christmas, clothes, school uniform etc. my hubby pays household bills etc, I sort out birthdays, clothes and all the extras.
Is there a template for a spread sheet or anything on here that I could use, not very good at making my own lol.
Thanks in advance
As you can see im not new to the mse forums, I have been trying to tackle my debts for years with not much progress.
Everything came to a head the other week when I saw a huge drop in my wages (long story) but the joys of now being self employed.
Because of this I was unable to pay my credit cards and decided I had had enough of my debt ruling my life.
I contacted payplan and they have been great, my DMP is due to start on 12th Nov. Don't get me wrong, I feel awful about having to have done this, feel like a bit of a failure really, but I was at a loss of what to do!!!
All being well, I should be debt free in 3.5 years
What I need to do now is a spread sheet with a budget on for birthdays, Christmas, clothes, school uniform etc. my hubby pays household bills etc, I sort out birthdays, clothes and all the extras.
Is there a template for a spread sheet or anything on here that I could use, not very good at making my own lol.
Thanks in advance
Debt July 2009 £10,611, Debt Dec 2009 £10,247. Debt Jan 2011 £10,000:(. Debt Dec 2011 £9,600 :-/
Nov 2013 - total Debt £10,590.34. DMP to start Nov 12th 2013!!!!!
DFD May 2017!!!!
Nov 2013 - total Debt £10,590.34. DMP to start Nov 12th 2013!!!!!
DFD May 2017!!!!
0
Comments
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Why not post an SOA.
The good and the wise on here, will be able to advise on places to cut back.0 -
sickandtiredofdebt wrote: »Is there a template for a spread sheet or anything on here that I could use, not very good at making my own lol.
Thanks in advance
Hi there are free budgeting templates you can download, this looked promising;)
http://www.savvyspreadsheets.com/templates/super-basic-budget.php
I did my own. It really isn't that difficult and you can tailor it to your circumstances. Good luck and well done for tackling that debt!DMP Mutual Support Thread No. 421
Debt free date 25/11/2015 - Made It!0 -
I also hope that you did a budget before you entered into the DMP.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*** in ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger.
One debt remaining. Home improvement loan. 19months left.0 -
My husband and I are coming up to a year on a DMP in January. Trust me, it feels good to see the numbers come down. It is not easy in the beginning, but you get used to it. And the feeling of tackling your debts is the best thing. But, I agree about doing a SOA and seeing how the wise people here may be able to come up with ideas on saving money. Since being on the DMP I have been able to save a whopping £250 a month by cutting things out.Husband's LBM: 26 September 2012
[STRIKE]Started Stepchange Jan 2013 - DFD 2024[/STRIKE]
Now on self-managed DMP
Debt to creditors: [STRIKE]£48216[/STRIKE]
Original debt was £67,000
On DMP - now £30k and slowly been paying off creditors with F+F settlements0 -
well done on taking your first steps....I haven't looked back since my dmp!!!!Original mortgage £154,850 (2013)
Mortgage now £148,370.15:beer:
Original savings £0 (2013)
Savings now £3000 in ISA and premium bonds
£60 in mini savings pot, £600 in Xmas vouchers0
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