2008 - Live on £4000 for a full year.

debrag

don't include, mortgage, tv, council ect Also debt payments. The rest, phone, car, travel, gas, electric etc some do some don't include

Frugaldom

Mollymop5 wrote: »

OMG flashback.We went to Gatehouse of fleet every year as kids for a weeks holiday in a small yellow farm cottage

I'm probably closer to Gatehouse of Fleet than I am to Stranraer, but I didn't think anyone would have heard of the area (unless you collect books). The main town is Dumfries, about 55 miles from here and Gretna isn't that much further.

Mollymop5

I can remember a toy shop on a corner, where I bought a wooden toy yacht and a playground across the road behind houses I think I was only 7 the last time we visited so may be wrong.Had to shout my mum on msn to ask if she remembered lol.Going to ask my brother now.Haven't spoken about Gate house of fleet for years

Frugaldom

debrag wrote: »

don't include, mortgage, tv, council ect Also debt payments. The rest, phone, car, travel, gas, electric etc some do some don't include

I've updated the first few posts of this thread to help avoid confusion, it will be easier if you take a look at a couple of the budgets used there as examples and then set out your own budget sheet to see how you can budget. It is for living essentials, don't count in anything that relates to your work as everyone's circumstances are different. Likewise, don't count in mortgage, council tax, water or buildings insurance as everyone's situation is different. Have a look at page one and see what you think

mumzyof2

Ok ive done my sums :P

This week i have paid the following:

Westcot - £51.35 (was 1 week behind, now up to date) 2 more payments to go!
Littlewoods - £27.20 (min payment, no intrest on that account)
Park - £10.17 (£450 in vouchers by xmas) (41 payments to go)
Oh's account - £55.48 (gas elec, due 28th but put money in early so dont have to worry about it minus £13.36 for water is £42.12
C/C - Min payment £87.00
Tv licence - £35.14 (every 3 months)
Next £34.00
Moorcroft £100 DEBT CLEARED WOOHOO
02 £95.88 ARREARS CLEARED



I paid most debts out of the HB money as as you know we dont pay rent yet as we paid in advance. I will not be using HB money from now on!
I have cleared 02 arrears and put tarriff down from £35 a month to £20 a month

Total spends inc debt is... £596.02
Total for 4k challenge is...
£35.14 tv licence
£2.28 Aldi
£10.49 Morrisons
£0.69 Filters
£7.23 Morrisons
£70.13 Asda
£2.20 Bus
£6.82 Tesco
£1.00 Filters (3 boxes)
£10.17 Park hampers
£42.12 (other halfs account, for Gas Elec and Ebay fee
£12.90 Bus and Train (day out)
£10.00 Other half went shopping
£10.06 Bus Train (day out)

Total - £221.23 !!! Since the 1st jan.

Grocery challenge is ... £98.64 (last time i added it all up it said i had spent £100.15..and im only copying whats on recipts and im getting diff numbers all time..not just for grocery

This is what i owe:

C/C - £471.26 (took off the min payment i have paid)
Next - £324.50
Oh's L/woods - £321.94
Provident - £335.00 (£10 a week)
My L/woods - £84.76 ( took of min payment i have paid, this will be my next debt to clear)
Westcot - £68.48 (took min payment off this also, about 2 payment to go)
Lloyds - £732.38
O/D - £700.00
O/D - £100.00

This is what i have done regarding my debt:
I have cleared 1 arrears and 1 debt this week.
Went to see Lloyds and they accepting £70 a month
Rang Oh's Lwoods and they will accept £35 a week.
Provident - £10 a week

I will be doing the follwoing starting next month
Paying £50 a month to my natwest O/D (ive changed banks)

Each week i will pay the following to my debts:

Westcot £17.11 (pay £34.23 every 2weeks)
£17.50 Littlewoods (other halfs)
£12.50 My nationwide O/D (£50 a month)
£17.50 (other halfs littlewoods just found out its £35 every 2 weeks)
£10 Provident
£10 Park.
£11 Insurance

Total - £73.61 a week and thats not even including C/C payment (pay min), My L/woods (min payment) and Next min payment.

Salary

£185.60 (every 2 weeks)
£75.00 C tax
H/B £370 but really want to save this now
£120.80 CBeniefit - Dont really want to use that either as £120 goin towards rent when we have to pay.

so we get 1st and 2nd one which is £671.20 a month and that not including gas elec and all bills that i pay min payment! think i wont be able to do this ..how do i work this out in weeks?

debrag

nykmedia whenever you say essentials I get confused lol If it's for living essentials then general spends wouldn't be included as they are wants not needs. Most people just leave out the main bills including car and everything else is in the £4k or whatever budget you pick.

Frugaldom

kayjay1809 wrote: »

Hi, I'm very confused as to how this is possible to live on £4000 a year. Our expenditure, bills, insurance, tv, phones, petrol etc comes to £360 per month and that's after we pay our mortgage of £1024, Water £38 and Council Tax £130. £4000 divided into the 52 weeks comes to £333 yet our outgoings are £360 before food!! Am I seeing this wrong somehow? We live very frugally as after our mortgage and bills as above are paid we have very little money left out of my husband's salary as it is. I'd love to live on £4000 a year but I don't see how..

Sorry Debrag, I copied your post last time by mistake :rotfl: This is the one I meant to use.

If you could take a quick look at the examples shown in the very first page of this thread then it should help you see how we arrive at the average figure of £4000. Hope it helps and apologies for confusing anyone by copying the wrong post last time

debrag

nykmedia wrote: »

Sorry Debrag, I copied your post last time by mistake :rotfl: This is the one I meant to use.

If you could take a quick look at the examples shown in the very first page of this thread then it should help you see how we arrive at the average figure of £4000. Hope it helps and apologies for confusing anyone by copying the wrong post last time

oh it wasn't quoting me that confused me just the word essentials lol but I know what I'm including so it'a all good.

taka

Ooohhhh I used to holiday in your neck of the woods too nyk!! Nearish St John's Town of Dalry. Anyone else remember the otterpool in the galloway (I think) forest? :rotfl:

mini_huny_money

taka wrote: »

Ooohhhh I used to holiday in your neck of the woods too nyk!! Nearish St John's Town of Dalry. Anyone else remember the otterpool in the galloway (I think) forest? :rotfl:

Nyk,,,,this is gettin scary........you posted that you felt like the mother hen.....looks like all you're wee chooks are coming home to roost......:rotfl: You're ok with me.....only went to Stranraer a few times when younger to get the ferry to Ireland........unless.....hmmmm, we missed the boat once cos my dad got lost and stayed at a B & B near the harbour, that wasnt your mums was it??????:rotfl: