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I can do this!

edited 30 November -1 at 1:00AM in Debt Free Diaries
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MrsTinksMrsTinks Forumite
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edited 30 November -1 at 1:00AM in Debt Free Diaries
Hi all,

Some of you may remember me from years ago, I was infact a BG on DFW and a number of other boards for a very very long time ;)

Life got hectic and busy and I ended up stepping down because in part I had lost my MSE motivation a little after probably overdosing on it... Work got manic, my daughter was a toddler and needed a lot of time, we were trying to move house and frankly life got in the way of things!

SO I am back with a vengeance after clicking on a forum post that was shared on the FB page and I've spent too many hours the last few days falling in love with MSE all over again!

This thread will be my personal diary on the way to finally getting DF - it's within reach and I will be honest and say I live a pretty comfortable life right now. There are a LOT of things I could cut back on but I choose not to... these are my personal choices and some (I have an occasional cleaner) are for my sanity due to the long hours I work.
I have re-joined flylady to minimize my cleaner needs though, but it's something that when I pull 10-12 hour days then my free time will be prioritized for my daughter and not for washing the kitchen cabinets down :eek:

So please bear in mind that I know I could be far more brutal in my quest - there is no need to berate me for some of my frivolous luxuries, they are very conscious choices at this stage :o

That said - I shall go and create my full income and outgoings and post it here later this morning - i may be a while!!

:rotfl:
DFW Nerd #025
DFW no more! Officially debt free 2017 - now joining the MFW's! :)

My DFW Diary - blah- mildly funny stuff about my journey
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Replies

  • edited 5 September 2016 at 11:48AM
    MrsTinksMrsTinks Forumite
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    edited 5 September 2016 at 11:48AM
    Statement of Affairs and Personal Balance Sheet

    Household Information

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

    Monthly Income Details

    Monthly income after tax................ 2388.79
    Partners monthly income after tax....... 0 I've kept husbadns money apart from mine as we pay for different things and have our own accounts - this works for us...
    Benefits................................ 0
    Other income............................ 0 Occasionally I make £60 extra a month teaching, but it's not every month and it's not guaranteed so this has been left out
    Total monthly income.................... 2388.79


    Monthly Expense Details

    Mortgage................................ 0 Husband pays this - his income is significantly higher than mine
    Secured/HP loan repayments.............. 311.8
    Rent.................................... 0
    Management charge (leasehold property).. 0
    Council tax............................. 0 Husband
    Electricity............................. 0 Husband
    Gas..................................... 0 Husband
    Oil..................................... 0
    Water rates............................. 0 Husband
    Telephone (land line)................... 0 Don't have one... hence mobile bills
    Mobile phone............................ 76.09 Three mobile accounts 2 for me and 1 for DD ipad which has unlimited data
    TV Licence.............................. 0 Husband
    Satellite/Cable TV...................... 0 Husband
    Internet Services....................... 0 Husband
    Groceries etc. ......................... 0 This is mainly me and this will need a spending diary this month to work out!!
    Clothing................................ 0 Going to go over past few months and even out - will include DD clothes in this as mine would be about £20 a month...
    Petrol/diesel........................... 0 Need to calculate this!
    Road tax................................ 11.37
    Car Insurance........................... 50.99
    Car maintenance (including MOT)......... 0 car is under 3 years old so not been an issue - services have been pre-paid
    Car parking............................. 0
    Other travel............................ 0
    Childcare/nursery....................... 300 more in school holidays!!
    Other child related expenses............ 168
    Medical (prescriptions, dentist etc).... 0
    Pet insurance/vet bills................. 55.52
    Buildings insurance..................... 0 Husband
    Contents insurance...................... 0 Husband
    Life assurance ......................... 30
    Other insurance......................... 50
    Presents (birthday, christmas etc)...... 0
    Haircuts................................ 0 to be worked out...
    Entertainment........................... 0 need to work this one out... mainly it's my bits and bobs and my motorbike lol
    Holiday................................. 0
    Emergency fund.......................... 0
    Total monthly expenses.................. 1053.77



    Assets

    Cash.................................... 2000
    House value (Gross)..................... 0
    Shares and bonds........................ 0
    Car(s).................................. 0
    Other assets............................ 26000
    Total Assets............................ 28000



    Secured & HP Debts

    Description....................Debt......Monthly...APR
    Mortgage...................... 0........(0)........0
    Hire Purchase (HP) debt ...... 11016....(311.8)....4
    Total secured & HP debts...... 11016.....-.........-


    Unsecured Debts
    Description....................Debt......Monthly...APR
    Picture........................2212......111.......0
    MBNA...........................7949......80........0
    Debenhams......................650.......50........0
    Total unsecured debts..........10811.....241.......-



    Monthly Budget Summary

    Total monthly income.................... 2,388.79
    Expenses (including HP & secured debts). 1,053.77
    Available for debt repayments........... 1,335.02
    Monthly UNsecured debt repayments....... 241
    Amount left after debt repayments....... 1,094.02


    Personal Balance Sheet Summary
    Total assets (things you own)........... 28,000
    Total HP & Secured debt................. -11,016
    Total Unsecured debt.................... -10,811
    Net Assets.............................. 6,173


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


    Still a few bits to go on there but this is a start... I typically put away £500 in savings a month and still have treats for myself (which will need to be stopped for a bit!)

    We have a holiday booked for end of October (2 weeks in Florida) - I'm keeping my £2k aside for this, I don't expect to spend more than £500 but I want to know it's there if I need it!
    DFW Nerd #025
    DFW no more! Officially debt free 2017 - now joining the MFW's! :)

    My DFW Diary - blah- mildly funny stuff about my journey
  • DD265DD265 Forumite
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    Well done on getting back on the band wagon :)

    Just a note on the car; I bought the servicing plan too and had to fork out for new brake discs and pads at the service last month. I also opted to have the air con regassed as I spend a lot of time in the car. These and a couple of very minor things ended up costing me £460 so watch out for them.
  • MrsTinksMrsTinks Forumite
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    DD265 wrote: »
    Well done on getting back on the band wagon :)

    Just a note on the car; I bought the servicing plan too and had to fork out for new brake discs and pads at the service last month. I also opted to have the air con regassed as I spend a lot of time in the car. These and a couple of very minor things ended up costing me £460 so watch out for them.

    Oh I know! Luckily I know a lot of mechanics as I used to work for the brand and made friends with many of the authorized techs so I can usually bribe them to do things like brakes and such hehehe I'd never pay dealer prices for that! :eek:

    If I'm super nice and throw in dinner they'll even get my book stamped for me :A Should be said that it is all genuine parts so the book is completely legit! I just pay mates rates for the time and whole sale for the parts :)
    DFW Nerd #025
    DFW no more! Officially debt free 2017 - now joining the MFW's! :)

    My DFW Diary - blah- mildly funny stuff about my journey
  • Welcome Back MrsTinks - Shiny new diary :D
    The person who moves a mountain begins by carrying small stones.
    Diet loss starting Sept 2019 0/80lbs:eek::o
    Proud to be No. 47 of the DMP mutual support club
    DFW Nerd #380. Proud to be dealing with my debt
  • MrsTinksMrsTinks Forumite
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    Welcome Back MrsTinks - Shiny new diary :D

    Yep - I couldn't even find my old one LOL

    Good to see some familiar faces still about!:beer:
    DFW Nerd #025
    DFW no more! Officially debt free 2017 - now joining the MFW's! :)

    My DFW Diary - blah- mildly funny stuff about my journey
  • MrsTinksMrsTinks Forumite
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    Part of the Furniture 10,000 Posts Combo Breaker Name Dropper
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    First three items up for sale - one on ebay, two on facebook.

    It's a start!

    £15 refund also arrived unexpectedly in the post today so I'm taking that as a sign! Not sure what of, but hey :rotfl:
    DFW Nerd #025
    DFW no more! Officially debt free 2017 - now joining the MFW's! :)

    My DFW Diary - blah- mildly funny stuff about my journey
  • Here to subscribe :D
    Grocery Budget: £52.23/300.00 | NSD: 5/16 |
    Car Finance: £4,682 (7.9% APR) | Mortgage: £108,097.94 (2.79% APR) |
  • MrsTinksMrsTinks Forumite
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    Found some Duplo sets I bought 2 years ago as presents for a friends kids and then haven't seen them since... Oh well... they can get sold then! :p

    Was going to photograph them this morning but totally forgot to - that will be on this evenings list! More pennies to go towards the £300 for Sept challenge. Need to try and get some time to do some crafting and stick bits up on Etsy... :think: They're a little Christmas focused so now is definitely the time to get cracking!

    I'm also doing a day teaching towards the end of the month so I will have £60 to put in the pot from that... :j

    FlyLadying got off to a good start; kitchen is clean and mainly tidy (need to do the floor really... bah humbug!)
    Today is Master Bedroom and DD can do her own tidying this evening after school. Contrary to her belief it will NOT kill her... :rotfl:
    DFW Nerd #025
    DFW no more! Officially debt free 2017 - now joining the MFW's! :)

    My DFW Diary - blah- mildly funny stuff about my journey
  • MrsTinksMrsTinks Forumite
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    Part of the Furniture 10,000 Posts Combo Breaker Name Dropper
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    Yeah DD totally did NO tidying, however bedroom is hoovered and dusted, my side is decluttered.
    Husbeast actually hoovered and washed kitchen floor - better than nothing!

    Tomorrow is a LONG drive to south wales for work - the good news is that I get milage for this so once I have taken out the petrol cost I would say that's £50 at least... I shall put that towards my £300 goal this month but I'm not counting it till it's paid :)

    Found half a dozen of DDs shoes that I will list on the local FB sales page so that will help too.

    Progress!
    DFW Nerd #025
    DFW no more! Officially debt free 2017 - now joining the MFW's! :)

    My DFW Diary - blah- mildly funny stuff about my journey
  • edited 8 September 2016 at 12:09AM
    ScottishmummyScottishmummy Forumite
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    edited 8 September 2016 at 12:09AM
    I spent four hours in my 12yo DD's bedroom on Sunday while she was away. Been telling her for weeks to tidy to no avail. Brought 14 empty juice/water bottles down. :eek: Found clothes scrunched up into balls that she hasn't worn for months - she has a laundry basket that gets emptied a couple of times a week but these never made it to it. Sent her up for an hour once she got back to do a bit more. When she came downstairs I asked her if she had got much done - according to her that was it finished. :rotfl: Don't think so sweetie. I hadn't even started under her bed. Sure enough all she had done was pick up the small bits of paper that I hadn't got to yet because I was dealing with the big stuff. At least she can now walk to her wardrobe but under and behind her bed are still a tip and behind her TV stand too.

    One day my house will be a haven of peace and tranquility.:rotfl:
    The person who moves a mountain begins by carrying small stones.
    Diet loss starting Sept 2019 0/80lbs:eek::o
    Proud to be No. 47 of the DMP mutual support club
    DFW Nerd #380. Proud to be dealing with my debt
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