IA's 'Does my bum look big in this Debt?' Diary

immoral_angeluk

barnaby-bear wrote: »

Yeah but it's an interesting number question and you do like your spredsheets and you're running out of debts to obsess about.... what's going to feed your excel habit now, or are you going to get bored and make Ste go out with his friend Vanquis to give you something to count :rotfl:Interesting to see how the little things balance with the big things like changing job...
both important... I'd like to see the Immoral_angeluk first family holiday challenge at some point...

lol I will go back to my original diary and have a look when I get chance... :P

Snaggles

Toto wrote: »

Can I come? I promise not to get married or anything on that day!

:rotfl: :rotfl: :rotfl: :rotfl: :rotfl:

Toto

barnaby-bear wrote: »

Yes you fitted your wedding dress very nicely, dear.

:rotfl: :rotfl:

The woman in the dress shop did mention there was no need for chicken fillets with this bride :rotfl:

Snaggles

There's probably room in our caravan if you fancy Wales in October! :rotfl:

immoral_angeluk

lol what are you guys like....
At least planning a party will give me something sane to think about lol.

Karmacat

Wow! Debt free at the end of October. That is absolutely amazing, I can't wait to see it happen. And when the party happens, you know, we want pix. Lots of pix. Close ups of the dancing-on-the-table.:rotfl: :money: :rotfl:

in_debt_again_but_dealing_with_it

"Hi, my name is Sarah and need to get our debts sorted out. I'm 21 and personally I have £3261 worth of debt from credit/store cards and a personal loan. My husband, Steve is 28 next month (november) and he has £2844 worth of debt to one credit card, a loan (Dell) and 2 debt collection agencies (He was naughty with money when he was younger and before I came along to whip him into shape!). We also have a joint car loan which is for £4995 but we'll end up paying around £7k (Damn you welcome car finance!).

We have a little girl who's 19 months old called Ashli, and are expecting baby number 2 in January and it's suddenly dawned that we need to sort ourselves out as at the moment money is tight every month. We're not at the stage of regularly missing payments at the moment which is why we want to start before it gets worse! I work 27 hours a week at a nursery school for pitiful wages and Steve works full time for HMV as a sales assistant. I'm starting my maternity leave on the 6th November so don't have Ashli's MASSIVE nursery bill going out anymore ( WAS £402 A MONTH!), and when we have the new baby our income will go up with extra tax credits and child benefit. Tax credits will go up to about £88 a week and child benefit will go from £69 4-weekly to £116! Can't wait as although we'll have another baby I think it'll make things easier!

Here's our SOA.

Debts-
Joint:
Car loan (£4995 but end up paying £7700) £160.50 p/m 24.1% :mad:

Husband's:
citi card - (£1500 limit £1464 owed) £45 min 27.9%
Dell - (Not sure how much left approx £400) £22 a month
Rockwell collection agency (approx £400 left) £20 a month
Capital One (passed back to them from previous collection agency, £580 but not paying anything yet as they've only just got in contact and are messing us around demanding full payment and not accepting any payment plan GRRR)

Mine
My citi card - (£500 limit balance £480) £15 min payment 27.9%
Capital One - (£600 limit, £436 balance) £21 min 29.9%
Barclaycard - (£900 limit, £872 balance) £22 min 19.9%
Dorothy perkins store card - (£1790 limit, £523 balance) £25 min 29.9%
Mothercare - (£600 limit, £500 balance) £25 min 29.9%
Black Horse loan (Not sure exactly how much, about £400 left) £22 p/m

Total Joint Debt: £11100 :eek:
Total currently going out on debts each month: £382.50

Monthly outgoings (house bills etc)
Rent £286.83
Council Tax £99
Tv license - £10.54
Water- £24.15
BT phone + broadband (Stuck in 18 month contract :mad: ) - £35
Gas and electric - £65.50
Tv rental - £28 (Stuck in contract til March but have already reduced from £45! :T )
Car insurance - £33
House insurance - £2.20
Food - £150
Petrol - £60 (Will decrease probabaly by half as I start maternity leave in november)
Driving lessons for Steve - Currently £19 a lesson


Money in (as of November 06)-
Husbands wages - Roughly £850 min per month but he does get overtime
My wages (Based on maternity pay as I start my leave in 3 weeks) - £471
Child benefit - £69 4-weekly
Tax credits - £44 per week

All the credit cards have been cut up and I can't physically spend anymore on capital one as I've agreed to cancel the account as soon as I've paid the balance off as they want to up my interest to 34% from 29.9%! :mad: I HATE CAPITAL ONE SO MUCH. :mad:

Haven't even attempted to work out a realistic debt free date yet but I know the car loan will finish in 4 years so we're probably looking at 2010 unless we can pay that off early. Ideally we want to pay them off ASAP because compared to come we don't actually have that much personal debt each so I think we COULD pay everything off (Except the car loan) by November 2008. But we'll see how we go.

We've already got our NOVEMBER CHALLENGE in place. Which is basically, after working out our budget, that we must spend no more than £11.60 a day, save what we don't use out of that and then save every penny of the tax credits. Target savings are £176 but I personally think we'll save more than that as we don't spend £11.60 a day and I won't be working (less petrol used.. woohoo!). But I'll keep you updated with how we're getting on!

Apologies for the long ranting post! lol! You can see a picture of me and Ashli on my myspace... www.myspace.com/immoral_angel

Take care for now!

Sarah"

Sar
Not sure if the above is allowed (sorry mods) but I had to reread page one of your diary from 18th October 2006 (day before my birthday incidentally) and just wanted to remind you how far you've come - incase you forgot :T ! You and your family are amazing and I marvel at all you've achieved! Your diary continues to be an inspiration and I don't doubt Ste will have his all singing all dancing tv before too long and without taking on any debt. GO :A THE IA FAMILY - you're really rocking!!
love and hugs
IDA
x

Ellidee

Oh I am so thrilled for you both. Well done and I hope you get your lovely new tv asap you both deserve it. Good luck for the interview tomorrow too Sar XX

Helonearth

barnaby-bear wrote: »

Plus you haven't added in that you did manage to buy a new freezer, books/toys for the kids, fridge, sofas, telly, baby...

Is anyone else concerned about this!? I thought they had Kaitlyn the old fashioned way!


:rotfl:

ps. Good luck with the interview!

Snaggles

Helonearth wrote: »

Is anyone else concerned about this!? I thought they had Kaitlyn the old fashioned way!

Just nearly choked on my hot chocolate :rotfl: :rotfl: :rotfl: :rotfl: