~*~OrangeFairy will be debt free in 2014...with a bit of hard work~*~

OrangeFairy

Nearly Happy New Year!

OK I may have sworn that my last diary would be my last DFW diary but I REALLY mean it this time.

I have a thing with wanting fresh starts for a new years...decs coming down on xmas eve, a new diary on mse...catch my drift!

I am 29 (30 in may:eek:) and I live in North Devon with my hubby and 2 daughters aged 10 and 8. Hubby and I have been together for 12 years and am just about getting on track with money since I started working full time with a much better wage.

Right down to the important bits....We WILL be debt free in 2014. I am not sure exactly when. I am hoping by July but it depends on the obstacles that are thrown in our way. Then it will be saving for a house deposit!

I was hoping for a frugal January but it isn't quite shaping up that way. Hubby's birthday, my Aunts 50th and Nan's 70th plus normal birthdays for my Grandad and Step Dad mean a lot of present money is needed. Plus we have already committed to 2 meals out this month for celebrate the two big birthdays. I have also be invited to London for my Nan's 70th present which will need to be paid for now and then the trip will be in March. While part of me wants to say no and save the money. Part of me thinks I would regret this opportunity to spend a great couple of days with my Nan, Mum and two Aunts as it wouldn't come up again.

We have set ourselves back a bit as we have ordered sofas to the value of £900 so that needs to be cleared. I will get on to that and let hubby throw money at his cards.

Me and the kids got our hair cut with some Christmas money so I have added the £10 from the budget to our birthday present money this month. Every little helps.

Plus I get 13 payments a year of £134 child benefit so one of these few months I can include that amount twice in my budget. So I think January would be a good month to use it as it will nearly pay for Hubby's main birthday present which will help with this months budget.

Another expense was £30 for a bulb for my tortoise table. My poor little man has been cold as the bulb went over Christmas. It has a one year warranty but I can't wait for that to be sorted so I will claim after this one arrives and then hopefully have a spare bulb. Sherman only eats weeds so he isn't a costly pet so I don't begrudge him a £30 bulb!

Second part to my diary will be losing weight and feeling better about myself as well as decluttering my house which I do every January. I really want to feel better about myself before I turn 30 as I feel horrid.

I also have my 101 things to do in 1001 days challenge which I will get moving with shortly!

I hope everyone has a fab evening :beer:

OF x

OrangeFairy

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1424.92
Partners monthly income after tax....... 1481
Benefits................................ 134.8
Other income............................ 0
Total monthly income.................... 3040.72

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 575
Management charge (leasehold property).. 0
Council tax............................. 120
Electricity............................. 43
Gas..................................... 50
Oil..................................... 0
Water rates............................. 50
Telephone (land line)................... 10
Mobile phone............................ 28.5 (3 mobiles)
TV Licence.............................. 15
Satellite/Cable TV...................... 25
Internet Services....................... 15
Groceries etc. ......................... 200
Clothing................................ 0
Petrol/diesel........................... 90
Road tax................................ 15
Car Insurance........................... 0
Car maintenance (including MOT)......... 60
Car parking............................. 0
Other travel............................ 40 (my bus pass to get to work)
Childcare/nursery....................... 87 (CSA for hubbys son)
Other child related expenses............ 80 (DD's clubs)
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 9
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 40
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1562.5


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 3000
Other assets............................ 1000
Total Assets............................ 4000

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
CC1............................3330......40........0
CC2............................1630......20........0
Next...........................300.......30........0
HMRC...........................1500......100.......0
CC Hols........................898.......30........0
Sofas..........................956.......0.........0
Total unsecured debts..........8614......220.......-


Monthly Budget Summary
Total monthly income.................... 3,040.72
Expenses (including HP & secured debts). 1,562.5
Available for debt repayments........... 1,478.22
Monthly UNsecured debt repayments....... 220
Amount left after debt repayments....... 1,258.22

Personal Balance Sheet Summary
Total assets (things you own)........... 4,000
Total HP & Secured debt................. -0
Total Unsecured debt.................... -8,614
Net Assets.............................. -4,614

Created using the SOA calculator at https://www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using Firefox browser.

OrangeFairy

https://forums.moneysavingexpert.com/discussion/4665547

Link to old Diary

OrangeFairy

Things to work on to help get DF quicker

Declutter to find things to sell
Sell items through eb@y
Use FB for larger items
Research music magpie for sell some bits for a few pennies
Don't buy lunches while at work
Meal plan and eat cheaply
Cook in bulk
Look at my phone contract as I can reduce it now
Stick to birthday budgets
Keep motivated!

Right off to start taking the decs down and meal plan for a shopping trip with hubby and our £4 off a £40 spend voucher!

OF x

Choc-addict

**subscribed** xx

WantToBeSE

Hiya OF Nice to see someone from the South West here. I used to live in Barnstaple for a while in my teens, but moved back to Cornwall after a relationship broke down.

I have an expensive 2014 planned, as i want to move house. I currently rent from the council but i am going to rent privately due to terribly noisy/violent neighbours.
The move will mean that my rent will double, so i need to get more hours at work.

Anyway, looking forward to reading more, have subscribed

Squirrelly

Good luck with your plans, I have subscribed x

bella2121

Happy new year OF! Looking forward to a good year for us all xx

wendz86

Hi, Nice to see you here again!

Looks like you have some good targets to pay off money.

I have a really expensive January as well with OH's birthday , nieces birthday and good friends birthday as well which i need to travel down to Southampton for.

mummytogirls

Happy new diary and happy new diary of xx

MrsSmith2013

Hi OF!!

Happy New Diary! I am toying with the idea of doing a 2014 diary myself, I may get round to it I will see! I have subscribed to this one too as I enjoyed keeping up with you on your old diary.

I like the plans you have made, and the list of things to do to increase income. Your SOA has inspired me to maybe do ours, I have NEVER done one with both our incomes, so I really should do it just to see where we are.... but its scarey!

Hope you had a great festive season, and I'll look forward to keeping up to date with your debt busting - here's to a debt free 2014!!

Mrs S x