Eager Elephant's Exciting Elimination.....

Eager_Elephant

...of debt!!!!

This is my old diary which I have had for the last 9 years – https://forums.moneysavingexpert.com/discussion/2175629/eager-elephants-effective-everyday-excursion#topofpage

No need for new readers to read it, essentially the debt increased, my husband was a twit, I had great aspirations to repay debt which never happened and the cycle ran for 9 years…..

But this year is the year everything changes – I am now rid of my husband (well nearly) and he is henceforth known as STBEXH and I am debt busting alone with no one to sabotage my efforts (thank god, finally say my regular readers!!)

About Me
I am 38, living in a rented 3 bed house. I have 2 kids – DS is 22 and at Uni and DD is 16, DD shares her time between me and her dad as he works at her school so easier for everyone if she is with him in the week, this could change this year as she will be going to college from September.
I have 2 dogs and 2 cats at home and 30 chickens, 24 geese and 1 turkey on a rented field (near my house)
I work full time and just because I have so much spare time I am also on 3 committees….

Debts
My current debts are:

Paypal - £667.59 – some on 0% and some at 17.9%

Halifax - £3149.54 – some at 6.9% and some at 27.7%

Santander - £1098.42 – I think 19.9% but can’t find the info on the website

Vanquis - £996.31 – I think its 39.9%

Link - £7031.11 – 0% as defaulted in Jan 2013

My Son - £700.00 – 0%

Total - £13642.97

(STBEXH owes me about £1k for furniture for his new property which I put on my credit card and he never paid me back for – apparently he’s going to start)

Finances
I will post a financial statement on the next post but the plan for this month is to somehow get through the month as I have barely any money and there is 3 weeks until payday and I will need food and petrol in that time.

My only income is my wages (I do get Child Benefit for DD but she gets all of this as her pocket money and funds her own stuff like clothes/shoes/snacks/cinema etc) and anything I can make from ebay/surveys and cashback.

Things are going to be tight but at least I’m skint because of me and not because someone else is draining me dry and I’m not having to subsidise the household of 4 any longer.

I do have my rented field/smallholding and this does bring in some income when I sell eggs and meat so I need to try and increase what I make from this.

This Year – 2019
I need to concentrate on paying the debts down as much as possible (I know this has been the plan for the last 9 years but it will really happen this time)

The Next Few Years
I want to buy the house I live in and hopefully have some savings.

Eventually I want to buy a smallholding and to give up paid work and instead run my smallholding full time

The Plan
To get through this month and then from 1st February to attack the debts as much as possible.

I need to ebay and survey like mad as my income barely covers my expenses so for costs like car insurance/car repair/xmas etc I have to earn extra somehow.

I am committed to a weekend break in May so need to save for that as well.

Here’s to a brand new single debt busting life…….

Eager_Elephant

Statement of Affairs and Personal Balance Sheet

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

Monthly Income Details
Monthly income after tax................ 1519.37
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 17.5
Total monthly income.................... 1536.87

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 401.91
Management charge (leasehold property).. 0
Council tax............................. 105
Electricity............................. 69
Gas..................................... 0
Oil..................................... 50
Water rates............................. 40
Telephone (land line)................... 26.5
Mobile phone............................ 40
TV Licence.............................. 12.37
Satellite/Cable TV...................... 0
Internet Services....................... 18.49
Groceries etc. ......................... 160
Clothing................................ 0
Petrol/diesel........................... 200
Road tax................................ 35.43
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 50
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 46.38
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 7.99
Holiday................................. 0
Emergency fund.......................... 0
Pet food................................ 40
Charity................................. 8.68
Account Fee............................. 1
Lottery................................. 38
Newspapers.............................. 33
Total monthly expenses.................. 1393.75


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 4000
Other assets............................ 0
Total Assets............................ 4000

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Link...........................7021.11...5.........0
Halifax........................3124.63...82........27.9
Santander......................1086.7....26.62.....19.9
Paypal.........................631.75....25.68.....0
Vanquis........................927.56....62.98.....39.9
Total unsecured debts..........12791.75..202.28....-


Monthly Budget Summary
Total monthly income.................... 1,536.87
Expenses (including HP & secured debts). 1,393.75
Available for debt repayments........... 143.12
Monthly UNsecured debt repayments....... 202.28
Amount short for making debt repayments. -59.16

Personal Balance Sheet Summary
Total assets (things you own)........... 4,000
Total HP & Secured debt................. -0
Total Unsecured debt.................... -12,791.75
Net Assets.............................. -8,791.75

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

Honeysucklelou2

A great goal EE, running a small holding full time. Wishing you every success in the debt busting and reaching that small holding goal.

WannabeFree

Looking forward to following again

You are amazing and have helped me so much along the way
x

millionaire_in_training

Good luck EE. I’ve been about just as long as you and no further forward but due to a financial change which has scared me I’m like you and in a mission. I’m with you sista xx

Sun_Addict

Subscribed to your new chapter in life and wishing you all the very best with it xx

HairyHandofDartmoor

I've subscribed to your new diary EE. Good luck with your goals. Hopefully all achievable without the unhelpful influence of STBEX .

beanielou

Happy shiny new diary

please-let-me-be-lucky

Subscribed to your new diary. Wishing you all the luck in the world Xx

UncannyScot

Happy New Year and Happy New Diary EE
Have subscribed

sashybo

:hello: Nice to see a new diary for your new start. :j

Good luck with all your goals, I'm sure you'll get there as no twit of a husband holding you back now. :rotfl: