Building a brand new relationship with money

MissLaura

Hello Everyone,

I've decided to pop over to the diary section and for my own journey; I thought it would be helpful to get things written down. To hold myself accountable, to keep myself positive and to be proud of my achievements thus far.

I've always had a bad relationship with money. Nothing horrendous but I've not looked after the pennies meaning that the pounds are never able to look after themselves.

Following a 10 year struggle my current much more positive situation is:

Loan - £277 a month - finishes November 2015
CC - £1,800 on 0% until January 2015

Total Debt as of today: £5,678.00

I'm currently in the process of buying my first home with my partner and it's been delayed. This is fantastic news, because I'm currently living with his parents in the transition period and our rent, bills and food are low allowing me to put lots of spare money towards my credit card.

I'm hoping to have the credit card almost (if not completely) cleared by the time we move in, which will be a massive relief.

So fingers crossed, next year could be MY year. New house, debt free and the start of a brand new life.

I'm here to be totally honest, document my journey to becoming debt free and most importantly; changing my relationship with money once and for all.

Let's do this.... :T

Historybuff

Good luck! It will make a massive difference to you with a changed attitude.

GunWharf

Good luck from the South Coast!:beer:

roxy7699

Good luck, joining you on your journey.

belleandthebudget

Best of luck, Laura! Following along too.

MissLaura

Thank you lovely people!

I have tonight, thanks to another used here, discovered The Dave Ramsey Show - an American show that airs daily about finances, you can watch online via their app. It has some fantastic advice about debt and financial planning.

And they have an accompanying workbook which I have ordered. (Amazon Marketplace, so much cheaper)

White-as-Snow

MissLaura wrote: »

I have tonight, thanks to another used here, discovered The Dave Ramsey Show - an American show that airs daily about finances, you can watch online via their app. It has some fantastic advice about debt and financial planning.

Oooh will have to have a search for this tomorrow night. What is the app called? And do you know if you can just watch it online?
x

MissLaura

White-as-Snow wrote: »

Oooh will have to have a search for this tomorrow night. What is the app called? And do you know if you can just watch it online?
x

Search for the "Dave Ramsey" in the App store and you'll find it. Yellow icon with a blue 'R' in the middle or go to https://www.daveramsey.com where you can also watch online.

I'm new to it so still working out the timings but I believe it's live weeknights our time from 8pm-11pm.

Definitely will be tuning in again tonight, found it a really great resource last night.

freckles1_2

Hi Laura


Just wanted to wish you good luck!
It must be so exciting buying your own home, I hope to be in that position one day soon.
That credit card will be gone before you know it

belleandthebudget

I've heard so much about Dave Ramsey - he seems to be a favourite of the young Mormon lifestyle bloggers. I'm not sure I'm ready to invest in any purchases but I might have to take a nose around his website.

MissLaura

My partner and I needed to pop out and get some weekend groceries and so we set ourself a little fun challenge to only buy Sainsbury's Basics or reduced items. We did so well and had a great time doing it.

We bought some bits and bobs to make scones too, so we can enjoy making them together along with a flask of tea and pop out to the countryside tomorrow for a little picnic. So it'll be a nice non-spend Sunday.

The other half bought some cheap beer too which I was impressed at. He's being very supportive.

I'm thinking about starting an envelope budgeting system as I think it will really work for me. Has anyone done this? Do you have any tips?