Cheaps Dfw Diary Or Dairy!

CHEAP_AS_CHIPS_4

OK Here goes

i am 32, married with a goddess trilogy (my 3 little girls)

hubby has a fab job and wage and i am a stay at home mum.

most of the debts we have stem from 6 years ago when we had children, we went from 2 fairly okay wages to 1 and kept on spending as though we still had 2 wages for 2 people instead of the reality of 3 people and 1 wage.
we started using credit cards and trying to be clever we would balance transfer to get 0% with the intention of cutting the other up.

Of course we didn't. in the end we ended up 5 credit cards all up to the limit.

just before i had my 2nd child my hubby got a fantastic job and his wage tripled!, unfortunatley by then the money problems were there and we have been playing catch up since then.

we both realise we have been stupid at times with money and we sit now and think that had we been sensible with money in the past that by now with my husband job we should have no debts and be making a dent into the mortgage debt, as is we seem to strugle day by day and the money seems to fall through our fingers.

we have both now decided that this is the time to do something serious about this, we want to have a secure future for us and our girls

our debts are now

EGG LOAN - £9,000 END 2012
EGG LOAN - £9,100 END 2012

CO-OP C/C £900
MINT C/C £96
LITTLEWOODS - £1,800
NEXT - £600
FREEMANS - £147
OVERDRAFT - £1,200

INCOMING

WAGE £3,600 (AVERAGE)
CHILD/B £167
TAX CREDITS £40

total £3,807

OUTGOINGS

MTG - £1,324
C/TAX £117
H/INSURANCE - £32
L/INSURANCE - £43
CAR INSURANCE 1 £104
CAR INSURANCE 2 £41
PAYMENT PROTECTION £47
T.V LICENCE -£11
SKY - £55
B.T LINE £11
TALK TALK £15
CAR LOAN £227 end 2010
WATER RATES - £30
GAS/ELEC -£88
EGG LOAN £195
EGG LOAN £191
KIDS SAVINGS X2 £20
SHOPPING £400
PETROL CAR 1 £160
PETROL CAR 2 £30
SCHOOL DINNERS £40
NEXT £50
LITTLEWOODS £120
FREEMANS £10
TAXIS £96 ( I Pay this for my mum to stay twice a week, she is in a wheelchair and can not get anywhere without taxi)
CIGARETTES - £140 (I KNOW I KNOW!!!. HAVE SET QUIT DATE FOR 17TH DEC( I WILL DO IT!!)

total - £3,617

So thats it, going to find my calculator to add it all up, as i just deleted my spreadsheet.

thanks to anybody who has read it

pania

Hi there hon and welcome to the wonderful world of DFW!!! You're certainly in the right place to deal with your situation, and there is lots that you can do to get to debt freedom las soon as possible.

Take a look at whatsthecost.com to see an approx debt free debt and the best way to pay your debts off, or overpay them where possible.

The most importnant thing though, don't look back. We all make errors hon, whether that be financially or otherwise, let those past mistakes go and concentrate on the future.

Ok, lets take a wee looksee at this ere SOA.

CHEAP_AS_CHIPS wrote: »

OK Here goes

our debts are now

EGG LOAN - £9,000 END 2012
EGG LOAN - £9,100 END 2012

CO-OP C/C £900 Whats the interest rate on this one? and remaining limit?
MINT C/C £96 As above. It may be cost effective to transfer the balance of the storecards with their no doubt "ouch" interest rates onto one of these cards if it has a lower APR.
LITTLEWOODS - £1,800 Again do you know the interest rate on this?
NEXT - £600 Ditto the above
FREEMANS - £147 And again
OVERDRAFT - £1,200 Is this the full maximum that you can go to r what it currently stands at? do you know what interest rate they are charging you for this?

INCOMING

WAGE £3,600 (AVERAGE)
CHILD/B £167
TAX CREDITS £40

total £3,807:T

OUTGOINGS

MTG - £1,324
C/TAX £117
H/INSURANCE - £32
L/INSURANCE - £43 All of the above sound reasonable which is good.
CAR INSURANCE 1 £104 OMG!!!!!!! Why so much hon!! that is mahoosive!!
Anyway of cutting this down at all? try getting quotes from quidco, even if only a small difference in cost the cashback may make it worthwhile to switch
CAR INSURANCE 2 £41 Still a little high, try shopping around.
PAYMENT PROTECTION £47 What exactly does this cover and is it value for money? grab your policy details out and have a look through. As a Mortgage advisor i would never advocate the cancelling of a mortgage related policy but if this is linked to loans or CC look very carefully as to whether it is value for money.
T.V LICENCE -£11
SKY - £55 guessing your OH is like mine... sky sports.....:rolleyes: give em a call and threaten to leave, you may find yourselves offered a nice discount for a few months:D
B.T LINE £11
TALK TALK £15
CAR LOAN £227 end 2010
WATER RATES - £30
GAS/ELEC -£88
EGG LOAN £195
EGG LOAN £191
KIDS SAVINGS X2 £20Would this be better off postponed for a year until things are on more of an even keel?
SHOPPING £400 may be able to get this down slightly, keep ann eye on the old style board to see if you get any cost reducing ideas. And a quick tip, get a breadmaker!!! worth their weight in moneysaving gold!
PETROL CAR 1 £160 Me thinks you have a 4x4 or very sporty little number!;) is it worth reviewing the car arrangement until the debts are down? (sorry:o )
PETROL CAR 2 £30
SCHOOL DINNERS £40 Any chance of doing pack up? much cheaper!
NEXT £50
LITTLEWOODS £120
FREEMANS £10
TAXIS £96 ( I Pay this for my mum to stay twice a week, she is in a wheelchair and can not get anywhere without taxi) not going to say a word about this. Mums are gold and should be treated the same, good for you!!
CIGARETTES - £140 (I KNOW I KNOW!!!. HAVE SET QUIT DATE FOR 17TH DEC( I WILL DO IT!!):eek: good luck.;)

total - £3,617

So thats it, going to find my calculator to add it all up, as i just deleted my spreadsheet.

thanks to anybody who has read it

tigtag02

CHEAP_AS_CHIPS wrote: »

OK Here goes

i am 32, married with a goddess trilogy (my 3 little girls)

hubby has a fab job and wage and i am a stay at home mum.

most of the debts we have stem from 6 years ago when we had children, we went from 2 fairly okay wages to 1 and kept on spending as though we still had 2 wages for 2 people instead of the reality of 3 people and 1 wage.
we started using credit cards and trying to be clever we would balance transfer to get 0% with the intention of cutting the other up.

Of course we didn't. in the end we ended up 5 credit cards all up to the limit.

just before i had my 2nd child my hubby got a fantastic job and his wage tripled!, unfortunatley by then the money problems were there and we have been playing catch up since then.

we both realise we have been stupid at times with money and we sit now and think that had we been sensible with money in the past that by now with my husband job we should have no debts and be making a dent into the mortgage debt, as is we seem to strugle day by day and the money seems to fall through our fingers.

we have both now decided that this is the time to do something serious about this, we want to have a secure future for us and our girls

our debts are now

EGG LOAN - £9,000 END 2012
EGG LOAN - £9,100 END 2012

CO-OP C/C £900
MINT C/C £96
LITTLEWOODS - £1,800
NEXT - £600
FREEMANS - £147
OVERDRAFT - £1,200

INCOMING

WAGE £3,600 (AVERAGE)
CHILD/B £167
TAX CREDITS £40

total £3,807

OUTGOINGS

MTG - £1,324
C/TAX £117
H/INSURANCE - £32
L/INSURANCE - £43 ~ does this include critical illness? If not it's pretty high.
CAR INSURANCE 1 £104 ~ blooming eck ;) This can be reduced surely
CAR INSURANCE 2 £41 ~ possibly this one too
PAYMENT PROTECTION £47 ~ what does this protect?
T.V LICENCE -£11
SKY - £55
B.T LINE £11
TALK TALK £15 ~ is the for free calls and BB? If so you should be able to get them built into your sky package for FREE
CAR LOAN £227 end 2010
WATER RATES - £30
GAS/ELEC -£88
EGG LOAN £195
EGG LOAN £191
KIDS SAVINGS X2 £20 ~ I would hold this until you are DF
SHOPPING £400 ~ you can certainly cut back here. Check out the OS board.
PETROL CAR 1 £160
PETROL CAR 2 £30
SCHOOL DINNERS £40 ~ pack ups?
NEXT £50
LITTLEWOODS £120
FREEMANS £10
TAXIS £96 ( I Pay this for my mum to stay twice a week, she is in a wheelchair and can not get anywhere without taxi) ~ I do agree with pania here but have to ask, would you be able to collect her and drop her off?
CIGARETTES - £140 (I KNOW I KNOW!!!. HAVE SET QUIT DATE FOR 17TH DEC( I WILL DO IT!!) ~ good luck hun, I just passed a year on the 6th

total - £3,617

So thats it, going to find my calculator to add it all up, as i just deleted my spreadsheet.

thanks to anybody who has read it

:hello: and welcome to our little corner of cyber space

My comments are all above and all I would add is if you switch ANYTHING go through quidco

tigtag
xx

CHEAP_AS_CHIPS_4

hi, pania,:hello:

thank you so much for your great advice, i am going to check all the interest rates to see what i can do.

i know the car insurance is HUGE! it's hubbys and he has 6 points and because he drives so many miles for his job it's classed as business use. same goes for the petrol ( i wish it was sporty or 4x4 )

bread maker is an excellent idea - we go through a loaf a day at least( and i love the smell of fresh bread)

will def try that with sky

i think you are right about the childrens savings(the main reason for doing this is to secure their future)

thankyou so much for taking the time to read and to offer advice also, your a star, :A (could not find a star smiley!)

just checked the rates all pretty good apart from the catologues, omg! i must get rid of those first!

CHEAP_AS_CHIPS_4

Hi tig tag :hello:

thanks for reading and your advice,

well done on quitting, i am quite excited and terrified at the same time!!

i will look into the insurances tommorow

once again, thank you

tigtag02

Its what we are here for chips ~ no worries.

Gotta ask though ~ what ARE you gonna do with that crystal

CHEAP_AS_CHIPS_4

tigtag02 wrote: »

Its what we are here for chips ~ no worries.

Gotta ask though ~ what ARE you gonna do with that crystal

I have no idea!!!

going to have to try and sell them, they arrived yesterday in 2 huge boxes that we are now have to keep moving around the kitchen as we can't get past them!:o

CHEAP_AS_CHIPS_4

CHEAP_AS_CHIPS wrote: »

OK Here goes

i am 32, married with a goddess trilogy (my 3 little girls)

hubby has a fab job and wage and i am a stay at home mum.

most of the debts we have stem from 6 years ago when we had children, we went from 2 fairly okay wages to 1 and kept on spending as though we still had 2 wages for 2 people instead of the reality of 3 people and 1 wage.
we started using credit cards and trying to be clever we would balance transfer to get 0% with the intention of cutting the other up.

Of course we didn't. in the end we ended up 5 credit cards all up to the limit.

just before i had my 2nd child my hubby got a fantastic job and his wage tripled!, unfortunatley by then the money problems were there and we have been playing catch up since then.

we both realise we have been stupid at times with money and we sit now and think that had we been sensible with money in the past that by now with my husband job we should have no debts and be making a dent into the mortgage debt, as is we seem to strugle day by day and the money seems to fall through our fingers.

we have both now decided that this is the time to do something serious about this, we want to have a secure future for us and our girls

our debts are now

EGG LOAN - £9,000 END 2012
EGG LOAN - £9,100 END 2012

CO-OP C/C £900
MINT C/C £96
LITTLEWOODS - £1,800
NEXT - £600
FREEMANS - £147
OVERDRAFT - £1,200

INCOMING

WAGE £3,600 (AVERAGE)
CHILD/B £167
TAX CREDITS £40

total £3,807

OUTGOINGS

MTG - £1,324
C/TAX £117
H/INSURANCE - £32
L/INSURANCE - £43
CAR INSURANCE 1 £104
CAR INSURANCE 2 £41
PAYMENT PROTECTION £47
T.V LICENCE -£11
SKY - £55
B.T LINE £11
TALK TALK £15
CAR LOAN £227 end 2010
WATER RATES - £30
GAS/ELEC -£88
EGG LOAN £195
EGG LOAN £191
KIDS SAVINGS X2 £20
SHOPPING £400
PETROL CAR 1 £160
PETROL CAR 2 £30
SCHOOL DINNERS £40
NEXT £50
LITTLEWOODS £120
FREEMANS £10
TAXIS £96 ( I Pay this for my mum to stay twice a week, she is in a wheelchair and can not get anywhere without taxi)
CIGARETTES - £140 (I KNOW I KNOW!!!. HAVE SET QUIT DATE FOR 17TH DEC( I WILL DO IT!!)

total - £3,617

So thats it, going to find my calculator to add it all up, as i just deleted my spreadsheet.

thanks to anybody who has read it

i have now got another debt to add on!!!

had a final demand from estate agents, had house on the market with them for 9 months and had no viewings so took it off and we now need to pay them £250!!:mad: could have done without this so close to xmas.
can not pay it so we are going to ask mum and dad in law for a loan until the new year.

on a more positive note,:o i have listed about 15 items on ebay so hopefully will be able to use that to start paying off something

lilmoi1985lm

good luck on the ebaying! I am more of an amazon seller as it has worked better for me - give it a go see what you think - saves taking pictures of items etc etc.

Hope to read more of your diary soon x

CHEAP_AS_CHIPS_4

lilmoi1985lm wrote: »

good luck on the ebaying! I am more of an amazon seller as it has worked better for me - give it a go see what you think - saves taking pictures of items etc etc.

Hope to read more of your diary soon x

thanks lilmoi1985, how does the amazon thing work, might try that for these glasses!!!, can't belive we are struggling to eat this week when i have £1,000 worth of crystal in my kitchen!!:rolleyes:

MKDon

CHEAP_AS_CHIPS wrote: »

i have now got another debt to add on!!!

had a final demand from estate agents, had house on the market with them for 9 months and had no viewings so took it off and we now need to pay them £250!!:mad: could have done without this so close to xmas.
can not pay it so we are going to ask mum and dad in law for a loan until the new year.

on a more positive note,:o i have listed about 15 items on ebay so hopefully will be able to use that to start paying off something

What's the £250 for?? Hope they are not trying to charge you for their inability to sell the house after 9 months?