Debt and Budget (Reset) plan

shell16

LittleMissDetermined said:

Enjoy your afternoon off! How lovely to have some time all to yourself  

I cant wait @LittleMissDetermined, its been one of those weeks to be fair, non stop at work and just would appreciate time to spend on myself.

Shell x

shell16

Yay, just cashed out £8 from Prolific and have £8.33 pending.  Completed a fantastic paying survey of £5 which cleared straight away!  Will send this to Sainsburys CC I think.

Shell x

shell16

Just thought I would post my set up for my cash budgeting that I do on a weekly basis. I've pinched this from some budgeting people on youchoob, and it works for me. I've also treated myself to the small filofax binder (bargain find from T K m@xx for £4!!!) and ordered myself some smaller cash envelopes as this is more appropriate in size for going out when I don't take my handbag.  xx

LittleMissDetermined

Love the filofax, what a bargain! I am a bit (lot) of a stationery geek so I totally appreciate this type of organisation

Squirrelz92

Ooooh that looks sooo nice @shell16! As much as my brain is telling me I need this, sadly I don’t deal with cash so I wouldn’t benefit I think the pots system works the same way but for card only folk like myself 😂 dont yet have lots for takeaways/outings etc but in time perhaps! X

shell16

Squirrelz92 said:

Ooooh that looks sooo nice @shell16! As much as my brain is telling me I need this, sadly I don’t deal with cash so I wouldn’t benefit I think the pots system works the same way but for card only folk like myself 😂 dont yet have lots for takeaways/outings etc but in time perhaps! X

Thanks @Squirrelz92 I only have a couple of cash categories as it focuses my spending,  I think card is just too easy personally which is one of the main reasons why I moved to cash. Anything I have left I'm sending to EF  and saving Challenges.  I do appreciate its not for everyone though. I've managed to send £60 extra out of my cash budget so far to my EF  this paycheck month which was in addition to my Accelerated Fund Focus which was £275 also to EF xx

EssexHebridean

I think the cash envelopes system is one that works for some people but really doesn't suit others. I find increasingly that I almost never spend on anything from my purse these days - whether cash or cards - most of my spending now is via the contactless on my phone as it's so convenient. Having said that I DID spend cash on saturday for some food at Duxford - as much as anything because I remembered I had it and decided to save the hit to the bank account! 

rigare11a

The flower envelopes are so cute!! Such a cute setup! 

I am finding the cash stuffing really working for me, when I tried multiple accounts one for spending, one for savings, one for bills etc... I would just keep transferring from one to the other and just mindless spending on things that are not needed etc.  I realise this is my own issue with no discipline etc 

With the money physically in a binder I will just move the money from the envelope to my purse then go to the shop for whatever I was going for , fuel / food shop etc, and I can't sit at my desk and online shop as easily. So I am finding it really helpful. 

shell16

Thanks @EssexHebridean and @rigare11a

I love this set up and didn't think it would work for me, but it has and like I said it doesn't suit everyone's set up.  Personally, for me it keeps me focussed and I also love having cash left at the end of the week so I can transfer to whichever fund I'm concentrating on, so it does motivate me to keep on budget (or under as the case maybe!)

I have not managed to make any PAD's this weekend or indeed today as Im still waiting on Prolific to clear funds.  I have £3.28 cleared and £5.05 Pending.  Will arrange this asap after clearing.

Im again not in the office on Wednesday as I have a work visit elsewhere so the Train and Parking money of £13 will be sent as a PAD this week likely to Sainsburys CC as I would like to get this balance down.  I will be using my own car again for work purposes and mileage will be good on this trip, around 210-mile round trip and around £100!  I will certainly be sending a good portion of that to debt too.

Thats about all for now
Shell x

shell16

Morning

Up early today!  Declared £3.50 to Virgin CC on the Payment a Day thread already.  Im hoping Prolific will be at the point sometime today to cash out, £3.28 cleared and £5.05 pending (no change from yesterday!)

Im super busy with work at the moment and its my usual half day working, so Im signed on already with a cup of tea, updating on here then head down and starting to plough through my work.  As im out most of tomorrow in the car for a meeting I need to get on top of things.

Have a great day and will psot if any further updates today.

Shell x