Diary and plan

joedenise

Are there other providers for internet where you live as VM looks extremely expensive?  Our internet is provided by EE and we get a far better speed than we ever did with BT, Plusnet or Talk Talk and for just over £20 a month.  VM isn't available where we live but wouldn't be using them if the going rate is £75 anyway!!!!

I would just let the loan plod on until CC1 is paid up as that is more expensive than the loan so it's where the extra money needs to go.

CC2 isn't going to be paid off by the time the 0% ends, do you know what the rate will go up to?  If it is higher than CC2 what is where any extra should be going.

Any chance you could get a good balance transfer for both cards to a 0% card?  Use the soft search on the main website to see.  That could be better than plodding along with the interest bearing cards.

Ambyth

Notes:

The new interest payment has just hit my mortgage account.  So payment went up by £120 and interest being charged is over £200 more than my previous rate.  You don't realise how much more it is going to be until you see it in print.  So first alterations of 2024

1. A subscription cancelled (£24 p/m)
2. Boiler monthly plan cancelled (£20 p/m)
3. Netflix plan downgraded (£4 p/m)
4. Bought some bus tickets before they put the price up.  Annoyingly, I have to buy these via CC1, but until activated I have a year to use them.  Hoping for plenty of decent weather so I can walk to work as much as possible. 
5. Major wardrobe sort out.  Purchase a few necessary items over the weekend, then no unnecessary clothing purchases.
6. Freezer full of bulk cooked food. Decided not to label containers so can have surprises.

Ambyth

Notes:

1. Entered a Christmas quiz and won a voucher for local travel.  Will help towards winter travel.
2. Due to the current cold snap (not forgetting the price increase) my gas bill doubled so have had to recalculate spends for the next few months.
3. BB and mobile will both go up with the upcoming RPI increases.
4. Have found a renewed love for beans 'n' toast  

Ambyth

Notes:

Am shocked by how much I managed to spend on my CC in 2 weeks.  Have now frozen the card (though I think I should also freeze it literally!). 

Have set Netflix to 'cancelled', and will try and go as long as possible into the 10 months before restarting.  

As it was only payday 6 days ago and I only have £30 left for the rest of month,  it will be a non-food shop month and eat whatever is in the cupboard.  

Ambyth

Monthly Income Details[/b]

Monthly income after tax................ 1533.11

Partners monthly income after tax....... 0

Benefits................................ 0

Other income............................ 0[b]

Total monthly income.................... 1533.11[/b][b]

Monthly Expense Details[/b]

Mortgage................................ 440

Secured/HP loan repayments.............. 0

Rent.................................... 0

Management charge (leasehold property).. 0

Council tax............................. 97

Electricity............................. 31

Gas..................................... 60

Oil..................................... 0

Water rates............................. 27

Telephone (land line)................... 0

Mobile phone............................ 21.82

TV Licence.............................. 14.13

Satellite/Cable TV...................... 0

Internet Services....................... 52

Groceries etc. ......................... 100

Clothing................................ 0

Petrol/diesel........................... 0

Road tax................................ 0

Car Insurance........................... 0

Car maintenance (including MOT)......... 0

Car parking............................. 0

Other travel............................ 50

Childcare/nursery....................... 0

Other child related expenses............ 0

Medical (prescriptions, dentist etc).... 14.78

Pet insurance/vet bills................. 0

Buildings insurance..................... 13.5

Contents insurance...................... 0

Life assurance ......................... 6.83

Other insurance......................... 46.23

Presents (birthday, christmas etc)...... 0

Haircuts................................ 0

Entertainment........................... 100

Holiday................................. 0

Emergency fund.......................... 65[b]

Total monthly expenses.................. 1139.29[/b]

[b]

Assets[/b]

Cash.................................... 0

House value (Gross)..................... 110000

Shares and bonds........................ 0

Car(s).................................. 0

Other assets............................ 0[b]

Total Assets............................ 110000[/b]

[b]

Secured & HP Debts[/b]

Description....................Debt......Monthly...APR

Mortgage...................... 64616....(440)......5.39[b]

Total secured & HP debts...... 64616.....-.........-   [/b]

[b]Unsecured Debts[/b]

Description....................Debt......Monthly...APR

Tcc1...........................1770.75...20........24

C1cc...........................1158.75...60........0

Lcc1...........................2804.76...70........0

Loan...........................7440.24...154.......6.2[b]

Total unsecured debts..........13174.5...304.......-  [/b]

[b]

Monthly Budget Summary[/b]

Total monthly income.................... 1,533.11

Expenses (including HP & secured debts). 1,139.29

Available for debt repayments........... 393.82

Monthly UNsecured debt repayments....... 304[b]

Amount left after debt repayments....... 89.82[/b]

[b]Personal Balance Sheet Summary[/b]

Total assets (things you own)........... 110,000

Total HP & Secured debt................. -64,616

Total Unsecured debt.................... -13,174.5[b]

Net Assets.............................. 32,209.5[/b]

[i]Created using the SOA calculator at www.LemonFool.co.uk.

Reproduced on Moneysavingexpert with permission, using other browser.[/i][/font]

Ambyth

Diary note for March:

When things do not go to plan.  New 5 year plan - start saving to move, but that won't be possible with the above debt figures.  

I have frozen one card (online, but wondering if this should be literally! mm, should have taken my own advice from previous comment) and cut the other. 

When the broadband contract comes up for renewal, I will be cancelling completely. Will do this for a year - there is more internet on my phone that I ever get around to using, so will hotspot for necessary internet usage.

Life insurance will go, as I thought this was needed for mortgage purposes.  No dependents, so not necessary.

Cannot cancel the 'other insurance' due to medical needs.

My little furbaby has finished with the vets, though he still won't let me downgrade his food

Back to cash only now (transport fees excluded), and redo the SOA in June.