£15,129 High Interest

pidge04

It happened ... it is done with ... look forward!

You are doing well!

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Yes basically I certainly have some addiction to food and alcohol. I don't ever get wasted but I have a few drinks most nights and a few extra on weekends.

My meal plan is actually 1800 calories a day and I stick to it. Sadly this weekend everything got messed up as family came to visit, didn't get to the shops and I paid for the booze/takeout for everyone. That is where the true cost came from, it was all not for myself.

I am glad it happened, glad I posted it and I will learn from it.

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Yesterday I got back to normal and have stocked up the cupboards with some foods for the week and today's meals.

117pauline

Does your calculated 1800 calories include alcohol?

I mentioned looking at when you spend as who it is and how you are feeling. Do you use food and alcohol as some sort of reward?

Have a look at the fake takeaways thread where they highlight cheaper homemade meals instead of buying overpriced takeaways.

Another thread worth a look is the cutting down alcohol thread.

Personally I would have separate budgets for alcohol and enteraining as they have made such a dent in your budget.

I would also put aside money for your tax bill as a fixed cost.

Are you making any overpayments towards your overdraft or CCs?

Have you got any ideas to put into place to avoid a similar weekend overspend?

Good luck, have a great week
Pauline

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Hi

So at the end of this month I will do a full SOA. As mentioned in my opening post I am moving and my costs are going to change dramatically and I do not know them in full yet.

Also I am not budgeting at the moment just in my opening post I put what I would like to spend. The aim of this month is to write down everything then pin point the issue (which I think we already know at this point).

To stop weekends like this happening again I am going to make sure my fridge is stocked with food which is where I failed.

The 1800 calories is food. I drink vodka and diet coke which then adds another 250 calories on per day.

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I did a quick SOA but pretty sure I am missing some things off here/underestimating the cost of the new home but it at least gives you my debts/payments/apr's

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 0

Monthly Income Details
Monthly income after tax................ 2750
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2750

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 625
Management charge (leasehold property).. 0
Council tax............................. 100
Electricity............................. 70
Gas..................................... 20
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 0
Mobile phone............................ 44
TV Licence.............................. 15
Satellite/Cable TV...................... 30
Internet Services....................... 25
Groceries etc. ......................... 150
Clothing................................ 50
Petrol/diesel........................... 65
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 30
Buildings insurance..................... 0
Contents insurance...................... 8
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 350
Haircuts................................ 10
Entertainment........................... 50
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1677


Assets
Cash.................................... 2700
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 250
Total Assets............................ 2950

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Credit Card 1..................2400......169.2.....39.9
Credit Card 2..................1263......49.87.....35.9
Likely Loan....................8712......264.1.....59.9
Overdraft......................2269......70........0
Store Card.....................485.......20.22.....24.9

0Credit

One thing I need to point out is the loan number of £8712 is the final amount (total I would pay after 36 months on the £5000 initial loan I took out now).

If I wanted to settle this loan today it would cost me £5083 total. I can also pay more per month to speed it up.

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Also to add

I cannot get any good cards/loans due to my credit rating. So I am stuck with these

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A nice cheap day yesterday.

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So a fairly cheap day yesterday and one thing I must look into is this IPAD insurance from Curry's. The IPAD cost £400 and was a present for my mum last Christmas. I got the insurance as I felt she was bound to break it somehow or let the kids in the house use it/break it. But even then it is perhaps already covered under contents insurance or just not actually worth it.

Also a very weird moment happened to me last night in Aldi where I was a bit down about there being nothing 50% off. Every night I have been going in, getting literally everything 50% off, eating it the following day and doing it all over again. For the last 3 nights it has been slim pickings and I am lucky to get a bag of lettuce for a discount now.

So being a bit mad paying full price for my shop I was stood at the checkout. One lady was in front of me with her big shop and one was behind me with her big shop. I noticed all the kids type of food and snacks and then heard the cashier say "£90.61 please". At this moment I realized paying full price in Aldi for one person and a total bill of £8 wasn't so bad. Especially as this lasts me in reality 1.5 days (some food carries over, get milk, toilet roll etc).

At that moment I thought I will never complain about my position again. I am in debt, I am sorting it and it does suck. BUT I earn good money and only have myself to worry about (almost).

So yesterdays spend