A debt diary with a newly-aquired Yorkshire accent!

Milly1974

Hhmmm. 15 months. For anyone who cares, I apologise.

In short, we agreed himself would go self employed. It didn't work, and he spent far too long unemployed. He just started back at work a week ago. I am still working at the same company in Leeds. We moved a whole lot nearer to Leeds to shorten my commute and make it cheaper. We ran up a whole load of overdraft debt.

My last signature, dated 19th March last year shows my overdraft of £1,588.98, Citi Card of £463.24, Egg Card of £1,560 and Sofa at £235. Total = £3,847.22

I had an insurance payout during the year from a car accident about 3 1/2 years ago, which cleared a lot of the overdraft and egg card, but also had to start paying for another furniture loan. Today my debt stands at:
overdraft - not sure, about £2,200 maybe? will work it out on payday (mostly interest free)
egg card - £329.04 (not interest free, but account closed)
furniture - £741.78 (interest free)
parents - £650 (interest free, lovely parents *mwah*) Total est = £3,921

That sucks, although it's kinda hilarious that I have spent a year living on the edge financially, only to still be in almost the same position!

Him indoors has overdrafts, loans and cards that we will sort out together. We are just waiting for him to be paid on the 28th July so we can start working out a proper budget.

I didn't want to come here all the time we were getting in a worse situation month by month, as it seemed pointless. Now however, the tunnel is no longer burrowing deeper, and I feel there may again be light at the end! I shall be back at the end of the month with a full SOA.

Milly1974

So, SOA/plan for this month.

Here we go:

Income
My wages: £1597.73
Contribution from Himself: £800

Household Outgoings
Rent - £525
Mortgage on Flat - £200
Council Tax - £135 (Over 10 months, roll on Feb/March!)
Phone Line - £12 (Or whatever BT are putting it up to)
Broadband and Calls - £20 (rarely more, £15 for BB, remainder is actual call charges)
Water - £23 (On meter, probably building up credit)
Electric - £60 (Also building up credit)
Gas - £50 (Hopefully building up credit!)
Food - £120
Car savings - £80 (I keep this to one side for repairs, MOT, Insurance, Tax etc)
TV Licence - £11.87
Petrol - £100
Tesco DVD rental - £8.97 (Might well cancel this, as we don't use it as much as we should)
Train season ticket - £75.34 (Taken out of my wages as this is on an interest free loan from work)
Bus Pass - £19 (Needed this week as Himself is working away with the car)
Life Insurance - £12.30
Mobile Phone - £10 (This will last me 3 months)
Saving for a holiday - £200 (We have already booked flights, desperately needed, doing on the cheap staying with family)

Debt Outgoings
Sofa Loan - £28.53 (0%, £684.72 left)
Egg Card - £10.00 (16.9%, £317.50 left)
Halifax Overdraft - £30 (£1 per day overdrawn charge, £456.93 OD)
A&L Overdraft - £0 (0%, £1960.07 OD)

Non Essentials (Or Milly's spendings!)
Service for sewing machine - £35 (Sewing is my major hobby these days)
Planned anniversary surprise - £55 (Want to buy gig tickets for December concert)
Everything Else - £150 (Clothes, nights out, fabric, more fabric, lunch at work, dry cleaning, more fabric...)


Which leaves a grand total of £426.72. Knowing that I am bound to have missed something, I think I will aim to pay off the Egg Card this month, as that will feel pretty good!

OK, wizards of the DFW world, please pull my SOA to pieces!