The Secret DFW Diary of Eamd Aged 13¾

The_Dragon

Mmmmmmmm :coffee:, slug of brandy in mine would be good - thank you!

embarrassed_about_my_debt

Hey all :hello:

Well the loan money cleared today and i have now phoned and paid off old loan! :j

Had ordered cash at bank for going to see this car at the weekend but just re read and it says they take debit card which i would be much more comfortable with!

Going to wait till all expenditure relating to new car is done till I pay off CC, as its on 0% it doesnt make any difference at present!

Just hope this car is gonna be worth all the hassle!

Time for a :coffee:

embarrassed_about_my_debt

Morning all,

Well i've got a new car :j So can finally stop looking! Got what i wanted for mine and knocked the seller down a bit aswell so all good!

It was slightly more than i was gonna go but shouldnt leave to much on my credit card (around £750) which will be my main target to clear, hopefully by the end of January.

Need to do a new SOA with everything in so i can see where i am aswell and never fall back into the same situation.

Jobs to do

1. Check all payments are out of bank account to make sure calculations are all right!
2. Update signature with new figures
3. Do a new SOA
4. Decide what credit card to get rid off

That should keep me busy for a while!

Time for a celebratory :coffee:

The_Dragon

WOOT!!! to the new car :j:j:j, this hopefully means that all your energy can go back to debt busting doesn't it?:rolleyes::D;)

embarrassed_about_my_debt

Morning all :hello:

Well i've updated my signature to what it now stands at.

Yes dragon getting rid of the CC is now my priority again! Then might try and pay off the TV (not included signature) even although i'll get given money for this.

After that its not going to be debt busting, it will be saving and letting the loan do its work. Then once me and my gf have decided if we are gonna rent or buy and are settled and used to paying the bills i'll look at saving to clear it.

Credit card wise im thinking of getting rid of the Abbey card as its the one with the silly limit (£11,400)

My Barclaycard has a limit of £3,480 which is more than enough for emergencies. Also Barclaycard show payments the next day not 5 days later like Abbey :rolleyes:

SOA im going to need to sit down and work out what my car is gonna cost me to run a year and then split that into a monthly amount to transfer across.

Right time for a :coffee: anyone else for one?!

embarrassed_about_my_debt

My new SOA

Notes:

I live at home
My mobile is provided through work
I have shortened the SOA to take out household expenses to make it easier to read!


Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1535

Total monthly income.................... 1535

Monthly Expense Details

Rent.................................... 100

Groceries etc. ......................... 20
Clothing................................ 20
Petrol/diesel........................... 120
Road tax................................ 40
Car Insurance........................... 35
Car maintenance (including MOT)......... 50
Presents (birthday, christmas etc)...... 35
Haircuts................................ 10
Entertainment........................... 300
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 730

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 7000
Other assets............................ 0
Total Assets............................ 7000

No Secured Debt
Unsecured Debts
Description....................Debt......Monthly...APR
Loan...........................13641.....228.......8.5
Abbey CC.......................700.......25........0
Total unsecured debts..........14341.....253.......-

Monthly Budget Summary
Total monthly income.................... 1,535
Expenses (including secured debts)...... 730
Available for debt repayments........... 805
Monthly UNsecured debt repayments....... 253
Surplus(deficit if negative)............ 552

Personal Balance Sheet Summary
Total assets (things you own)........... 7,000
Total Secured debt...................... -0
Total Unsecured debt.................... -14,341
Net Assets.............................. -7,341

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

pania

morning!!! hello! bienvenue! hola! ciao! how the devil are ye me ol' china? long time no catch up!!!!

embarrassed_about_my_debt

Hi P!

Hows things with you? I was reading that you arent round these parts anymore :eek: Whats been happening in P world? :coffee: and a J***a cake?

I've just bought a new car! Its toy and extravagence but its going to last me a while and i wanted to be happy with it!

I've done the dreaded C word which I know is advised against but i think i have learnt my lesson and will stay on here to keep my on the straight and narrow and show that im saving!

pania

I am fine thanks my sweet. am over in corby at the moment but things are, erm, fluid shall we say so wherever whenever for me right now!!! back over to see madamme hypno on friday so you can't get read of me that easy!! mwahahaha! so c'mon then! photies please of your new toy!! consolidation is fine so long as you keep a handle on that CUT UP your cards and get it paid! do i see a little extra for the new toy there too?

Whats been going on in pania land, my lord where to start! faaarrrr to much to hijack your diary with!!

the sig may give you a bit of an idea...

are you on facebook hon? send me a pm if so! good to hear that you are ok. longer catch up soon when i don't only have a mornings work to fit 2 days work into!

hugs! xxx

The_Dragon

I'll take a :coffee: please!! I think you are right to get shot of the Abbey CC, and if possible to get them to reduce the limit on the Barclaycard - as you said it would only be for emergencies!

it could be worth putting together a mock SOA with your gf - most rent for instance is up around £400+ a month which really wipes out your available income (especially with things like gas and electric to come off as well!)