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Debt free while watching SKY TV

tightar*e
tightar*e Posts: 54 Forumite
edited 22 December 2013 at 5:47AM in Debt free diaries
Morning

Time to start a DFD to motivate the long journey to being debt free
«13

Comments

  • National_Debtline
    National_Debtline Posts: 7,998 Organisation Representative
    Tenth Anniversary 1,000 Posts Combo Breaker
    edited 22 November 2013 at 10:31AM
    Hello there.

    Having a Sky/Virgin/TV/internet package is perfectly OK. It is possible for you to make provision for hobbies or entertainment within your financial statement. The important thing to consider is whether or not the amount you spend overall is reasonable.

    Take a look at our personal budget sheet. It recognises an industry standard format: http://www.nationaldebtline.co.uk/england_wales/pdf/personal-budget-sheet/your-personal-budget-sheet.pdf

    As you can see, things like Sky fall within a section called 'other spending'. What's important is for the total that you spend within this section to fall within the guideline figures that have been determined by the industry as reasonable. If you have a Sky package just ensure that some of the other figures within the 'other spending' section are reasonable low - so it all balances OK.

    Given what you've said it appears that you should be able to meet your minimum payments. It may be that, as you say, you might need to regulate spending. The budget can help with that for sure!

    I really hope this makes sense, if you have any questions please feel free to ask!

    Best wishes,

    David @ NDL.
    We work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps
  • tightar*e
    tightar*e Posts: 54 Forumite
    Thanks....

    I've done the budget and we are £27000 a year in the green

    Around £2200 a month after all bills are paid, so we are in a good position, better than most on here, but I guess debt is debt it just looks better relative to earnings....

    I am working on some plans (I like planning) short term / mid term, I will post them later....

    Time for a brew and snuggle with the dog
  • tightar*e
    tightar*e Posts: 54 Forumite
    edited 22 December 2013 at 5:39AM
    Short term and long term plans made
  • tightar*e
    tightar*e Posts: 54 Forumite
    Tomorrows challenge

    Find 10 items to list on eBay....
  • tightar*e
    tightar*e Posts: 54 Forumite
    edited 22 December 2013 at 5:45AM
    Not done the above task......yet
  • beanielou
    beanielou Posts: 96,844 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Shiny new diary~keep posting!
    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.
  • tightar*e
    tightar*e Posts: 54 Forumite
    edited 22 December 2013 at 5:40AM
    Good day today

    Had a great family day , roast , and dog walks
  • heyjude2013
    heyjude2013 Posts: 153 Forumite
    ditto my day - Roast, dogs and budgeting!

    good job selling the budget/plans to your wife. I've always found that having others on board or not can be the make or break factor!
    Getting myself back on track! Pay off debt and save deposit time!
  • tightar*e
    tightar*e Posts: 54 Forumite
    No spend day today......

    Just 4 more until pay day
  • tightar*e
    tightar*e Posts: 54 Forumite
    2 hours spent calculating budgets and overpayments....for debt

    Then I found mortgage free wannabe.....oh dear....another hour working on that......

    Need to focus on baby steps!!!! One payment at a time

    However it didn't cost me anything....(except electricity/Internet/heating/tea/milk/sugar...but you know what I mean)
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