**Insert witty diary title here**

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Just seen your signature SA your Christmas fund is a sinking fund

Sun_Addict

I have sinking funds then on that basis - my holiday/house/Christmas/etc pots 😁

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Yup you do.
Ours are:
House Insurance

Car Insurance

Car Care

Dental

Boiler Service

Opticians (over 24 months)

Pets

Prime

Software

Clothes

Holiday spending money

Gifts

I also want to add one for household items and maintenance but that will have to wait a bit 
Pets doesn't include their food that is in the weekly budget. This is jabs flea and worm and beds toys etc 
Some people use separate accounts for each or envelopes/jars if kept in cash. I use one account and separate on YNAB/ spreadsheet/notebook

Naomim

Our budget needs a complete overhaul to include dog food, dog insurance etc. It's just making the time to do it.

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Naomim said:

Our budget needs a complete overhaul to include dog food, dog insurance etc. It's just making the time to do it.

Some may say the budget should have been in place before the stork brought doggie -tut tut 
Hey @WinterWarrior her halo's slipping 🤣🤣

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Well hello diary world. I thought I should come on and do a proper update it being 1st of the month and all that. Yes I know it's about time🥴
*. Debt - Payments have been ticking along nicely and we ended February with a total of £21,449.74. We have already made an overpayment of £110.55 this month and hope to make another later to ensure the balance is a nice round £21,000 or under  at the end of March

*  Emergency Fund - Have put another £200 into premium bonds so the total is now £525.00. will try and keep adding at £200 a month until we get to £1,000.
*. Sinking funds - these were down very low but have been topped up again as we have another expensive month with home insurance due and if any problems with MOT. The service and Mot were paid for in Feb. Just got to pass now!
So all in all quite pleased with the progress. Not only are we paying down debt but are also saving for a rainy day and the annual expenses aka Sinking funds. Hopefully progress will continue and we can start hammering the debt once we have some savings behind us.

Sun_Addict

Good idea to have some savings as well as paying off debt. By the time you’re debt free you’ll be in the habit of saving. I found it much easier to pay off debt than build up savings, it’s harder to find the motivation although I think I’ve just about cracked it now. 

Naomim

moving_forward said:

Naomim said:

Our budget needs a complete overhaul to include dog food, dog insurance etc. It's just making the time to do it.

Some may say the budget should have been in place before the stork brought doggie -tut tut 
Hey @WinterWarrior her halo's slipping 🤣🤣

Well doggo was a quick moving thing 🤣 we were just looking when she arrived rather unexpectedly. 

Sun_Addict

Naomim said:

moving_forward said:

Naomim said:

Our budget needs a complete overhaul to include dog food, dog insurance etc. It's just making the time to do it.

Some may say the budget should have been in place before the stork brought doggie -tut tut 
Hey @WinterWarrior her halo's slipping 🤣🤣

Well doggo was a quick moving thing 🤣 we were just looking when she arrived rather unexpectedly. 

Same with us. We went to “just look” and came home with a puppy. Had to hastily go out and buy everything. We didn’t even have a collar to take with us 🤣

moving_forward

Sun_Addict said:

Good idea to have some savings as well as paying off debt. By the time you’re debt free you’ll be in the habit of saving. I found it much easier to pay off debt than build up savings, it’s harder to find the motivation although I think I’ve just about cracked it now. 

Yes we have realised that until we learn to budget properly i.e. save for the expected plus unexpected along with a comfortable but limited lifestyle we will never be free of debt. 
No good paying debt off then having to get in it again because something came up or the I wantsies took hold. 
It's so refreshing to be able to pay for things without the worry of how long they will take to pay off.