Well what a year !!

NewMummy2018

Evening all, probably my last post before Xmas so hope everyone enjoys their day! OH was paid yesterday so managed to pay some more, not as much as I would of liked due to over spending on 'bits' - nothing I can tell you just typical for us so we have cut down the payments we are making this month so we don's leave ourselves short and use credit! I am a bit disappointed but hey at least we are no adding to the debt. Quite excited to update my signature today, will do that soon and will post current payments to keep me motivated. I have been paid my maternity allowance early due to Christmas which is quite a pain as it means I need to not spend it for longer, so I have taken all bill money and put it in my flex saver so I know not to spend. Also done a quick Aldi shop today just to get some bits for the days we are actually at home this week which isn't a lot so that only came to £20 (budget is £50), and now we are £30 up for food shopping for this long 5 week month ahead ! Anyway will get updating now and signing of to enjoy the festivities. Merry Christmas all x

NewMummy2018

Debt Update - 22/12/2018 (payments made in bold & monthly payments in red)

Credit Card 1 - £660.71/ £11.93 £80
Credit Card 2 - £895.15/ £35 £25 - this is 0%
Credit Card 3 - £510.00/ £0 £60 - this is 0%
Overdraft - £1300.00/ £0 Nil at the moment
Loan - £17998.29/ £304 £304

Total - £21354.15/ £350.93 £469

I made my payments for Dec before I started this thread so it doesn't look like much, but I am waiting for next statements before I make my payments next week

ImpulseSpender

Merry Christmas New Mummy!

[Deleted User]

Ditch the fabric softener especially if you live in a soft water area, use white vinegar in the conditioner slot in the washer, it kills off any soap residue left in the clothes. Conditioner is a by product of the petroleum industry and will leave a layer of plastic on your clothes. If you live in a hard water area get washing soda, wilkinson sell it as do most of the major supermarkets, it goes in the powder compartment with the powder if you use it. It will soften the water, so you do not need to use so much detergent.

Good luck on your journey.

enthusiasticsaver

NewMummy2018 wrote: »

Statement of Affairs

Total Income - £2326.00 OH job is heavily commissioned but not guaranteed so we do not rely on it

Rent - £875
Council Tax - £159
Energy - £58
Wifi - £20.58
Water - £37
Tv - £52.12

O2 - £15
EE - £64.69
Gym - £13.99
Car Insurance - £33
Fuel - £50
Hair Cuts - £50

Food Shop - £242 £50 a week plus £10.50 per week for baby milk

Total Outgoings - £1670.38

So as you can see after bills and debt repayments, not a lot spare - £213.62

The hair cuts are very expensive. Can you look into getting it done less often or somewhere cheaper? I know people don't generally change hairdressers if you are happy with them but £600 a year sounds a lot for probably just you. My DH pays £5 for a cut every few months and I pay £29 every 6 weeks and that is a fairly expensive hairdresser so could get it cheaper if necessary.

My DD2 has just gone back to part time work after her 2nd baby. SMP is very low. Have you sorted childcare costs?

NewMummy2018

Thank you so much for this, I will definitely look into changing this, I have been trying to be more environmentally friendly so this will help

NewMummy2018

enthusiasticsaver wrote: »

The hair cuts are very expensive. Can you look into getting it done less often or somewhere cheaper? I know people don't generally change hairdressers if you are happy with them but £600 a year sounds a lot for probably just you. My DH pays £5 for a cut every few months and I pay £29 every 6 weeks and that is a fairly expensive hairdresser so could get it cheaper if necessary.

My DD2 has just gone back to part time work after her 2nd baby. SMP is very low. Have you sorted childcare costs?

Hi, thanks for commenting. I completely agree with you. That is just my OH hair cuts ( I get mine for free as my sister is a hairdresser) we have arguments all the time as to why two mens hair cuts costs £50 a month but to be honest he is a bit vain and will only go to this one barbers :eek: it drives me insane. Yes have just sorted childcare which is going to be an additional £300 a month so sorting out new budget now. Thanks x

NewMummy2018

So I have been dreading coming back and posting after Christmas. We underestimated the cost of new year and ended up using credit cards :mad:[ . Not a lot but I thought we had put them away for good. So I have been busy over Christmas. I go back to work in March so have been getting DD registered at nursery, I am quite lucky as we have a grandparent and my sisters help for the three days I am at work so nursery will only cost us £69 a week which I think is just under £300 a month, as they work it out over the whole year. So I have completed a moc up budget for what I will be earning when I return to work which isnt so bad.

So here I want some honest opinions. Our lease is up in June this year and we are wanting to move property's anyway as ours isn't ideal for a baby. My parents have offered to have us move in with them for a few months. Firstly so we can have a few months rent free and pay off 3 out of 5 of our debts. Secondly it will help us with a deposit for our new house (we wont have to save an additional as we will receive our deposit for our current house back). What do you think? Has anybody lived with there parents whilst they have a baby and partner. My parents house is fairly roomie and the baby will have her own room whilst we are there. I have also worked out logic's of storing furniture etc and it does seem pretty do able. So tell me, are we taking the easy route out? Or is it a sensible idea?

Going to update all debt totals next week has its OH payday!

beanielou

So my thoughts on moving in with parents.
You must must have ground rules on things.
I also suggest you have 'family' meetings on a regular basis just to iron out any problems.
Set an firm end date.

I think it is a good idea & it would be great to be able to pay off 3 of your debts.

& offer to help with the utility bills