First Loan Ever ... 29.9 APR from Bank?

Ciwan

Using Excel I had calculated my monthly outgoings and compared that with the money coming in, and I noted that I could save £700.

In my outgoings, I had accounted for restaurant meals outside .. etc and put that to £150.

So I was thinking of getting rid of the restaurant costs ... etc but still, that would make it around £10 a day, which is still very little considering that will now support me and my wife.

Yep, better off without Thanks Bill.

BillJones

Ciwan wrote: »

Yep, better off without Thanks Bill.

I do think so. You can still throw a nice party with far less money, and it means you won't be looking back at the photographs in a year's time thinking of the struggles that they caused you.

heartbreak_star

Definitely agree - put a few hundred aside a month, delay the wedding a bit, don't have so much of a grand affair and it means you don't start married life in debt

Does your wife-to-be work? Could you both save towards it?

HBS x

CLAPTON

Ciwan wrote: »

Using Excel I had calculated my monthly outgoings and compared that with the money coming in, and I noted that I could save £700.

In my outgoings, I had accounted for restaurant meals outside .. etc and put that to £150.

So I was thinking of getting rid of the restaurant costs ... etc but still, that would make it around £10 a day, which is still very little considering that will now support me and my wife.

Yep, better off without Thanks Bill.

you could save £700

but how much have you actually saved over the last year?

FireWyrm

Ciwan wrote: »

Using Excel I had calculated my monthly outgoings and compared that with the money coming in, and I noted that I could save £700.

In my outgoings, I had accounted for restaurant meals outside .. etc and put that to £150.

So I was thinking of getting rid of the restaurant costs ... etc but still, that would make it around £10 a day, which is still very little considering that will now support me and my wife.

Yep, better off without Thanks Bill.

I suspect that your calculations are potentially rose-tinted anyway. Do you really have £700 a month 'spare' and if not, why not if your calculations show that you do. If I were you, I would take this opportunity to sort out my finances for good and always using proper accounting software (something like 'you need a budget'), or if you dont fancy that, at least a more serious spreadsheet, like the ones that can be found at https://www.vertex42.com. If you budget properly, there is no reason on earth why you could not have that £10K in your hand by spring next year and more besides if you really are careful.

Dont start your married life in debt - most of us wish we had followed that advice too, so you are not alone.

Come over to the Debt Free Wannabe board for help and advice on budgeting.

JKSandy

Apply to "Don't Tell the Bride" on BBC3.