I'm new and on the road

4 Posts

Starting this thread as a way to encourage myself to keep on going, if it's out there for people to read then surely I have to stick to it.
Me and my husband have been together 18 years this year, we have 3 children, we've had many financial problems over the years, mostly due to being irresponsible and I'll health, last year we were almost debt free, then we ended up getting a car on finance, then a loan to pay for my husband to do his Class 2 license as well as too many one off purchases and then this time last year our world was turned upside down when our 6 month old nephew came to live with us. In the last 18 months we've managed to turn £4k of debt into £14,617.
We would like to buy our council house so we can extend, but with our current debt it's just not possible.
So my mission is to cut down our expenses and pay off our debts quicker.
Today's plan is to get everything written down, income, outgoings, debts and try to come up with some meal plans, as our £100 weekly shopping budget as managed to turn into £150+.
Enough is enough, let's do this!
Me and my husband have been together 18 years this year, we have 3 children, we've had many financial problems over the years, mostly due to being irresponsible and I'll health, last year we were almost debt free, then we ended up getting a car on finance, then a loan to pay for my husband to do his Class 2 license as well as too many one off purchases and then this time last year our world was turned upside down when our 6 month old nephew came to live with us. In the last 18 months we've managed to turn £4k of debt into £14,617.
We would like to buy our council house so we can extend, but with our current debt it's just not possible.
So my mission is to cut down our expenses and pay off our debts quicker.
Today's plan is to get everything written down, income, outgoings, debts and try to come up with some meal plans, as our £100 weekly shopping budget as managed to turn into £150+.
Enough is enough, let's do this!
2
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Then I have a column for date, column for amount paid off and column for new total. So when the DD/SOs go out I mark it and then I have a couple that I am hammering with any spare money I can get so write them down as I go as well.
I also do the same with any savings and at the end of the book there is debt and savings page where I have the total of each so I can see them going down/up. I know a lot of people prefer spreadsheets but I like being able to write it down and have the book with me. Which ever way you do it it’s a very useful tool for concentrating the mind.
I’ve also started surveys to get extra pennies to put towards the debt. If you want to look I have a diary on here.
2022 Achievements: Mortgage Neutral, Net Debt Free, EF filled, Retirement Planned, More Unfit, Heavier
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