Shopping addiction diaries

changingmyways23

@[Deleted User] It's definitely not under control yet. I will try and add an SOA.

Cloth_of_Gold

changingmyways23 said:

My expenditure for 8/12/23

• Moth repellent for wardrobe - £13.50
• Second-hand book for book club (not available via library or Kindle unfortunately) - £6.37

Total: £19.87

My expenditure for 9/12/23

• Public transport - £3
• Weekly food shop - £46.61
• Thermal top/underlayer - £16.10

Total: £65.71

My expenditure for 10/12/23

• Contact lenses - £27.73
• Postage for an online return - £2.95

Total: £30.68

Every one of my jumpers, bar one which is too big, was attacked my moths this year. It seemed a really bad year. They really are a pain and not easy to get rid of.

changingmyways23

Here is my SOA, sorry for the delay!

Things to note: the bill payments are all halved, apart from rent where I pay a 3rd (hence why it seems low for London!).

Truthfully I earn a fairly good salary and could pay off my debt quickly, but due to various reasons (trauma from an abusive childhood, other mental health issues - not that these are excuses!!) I continue to waste any leftover money on silly impulse purchases, luxury goods, and things I don't need for a brief distraction/high from my other problems. Hence trying to start this diary for accountability. I desperately want to pay off this debt and save a deposit for a property but it feels like a million miles away.

Anyway...

Household Information

Number of adults in household........... 2

Number of children in household......... 0

Number of cars owned.................... 0

Monthly Income Details

Monthly income after tax................ 2257

Total monthly income.................... 2257

Monthly Expense Details

Rent.................................... 450

Council tax............................. 76

Energy............................. 50

Water rates............................. 19

Mobile phone............................ 8

Internet Services....................... 13.15

Groceries etc. ......................... 200

Clothing................................ 150

Medical (prescriptions, dentist etc).... 50

Pet insurance/vet bills................. 29.03

Contents insurance...................... 5.4

Life insurance ......................... 6.29

Presents (birthday, christmas etc)...... 50

Subscriptions........................... 8

Pet supplies............................ 50

Work transport.......................... 106

Exercise classes........................ 40

Socialising............................. 200

Total monthly expenses.................. 1510.87

Assets

LISA................................... 1000

Total Assets............................ 1000

No Secured nor Hire Purchase Debts

Unsecured Debts

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

Loan...........................4447.5....169.......7.7%

CC.............................82........0.........0%

Total unsecured debts..........4529.5....169.......

Monthly Budget Summary

Total monthly income.................... 2,257

Expenses (including HP & secured debts). 1,510.87

Available for debt repayments........... 746.13

Monthly UNsecured debt repayments....... 169

Amount left after debt repayments....... 577.13

Personal Balance Sheet Summary

Total assets (things you own)........... 1,000

Total Unsecured debt.................... -4,529.5

Net Assets.............................. -3,529.5

changingmyways23

My expenditure for 13/12/23

Another no-spend day 

Flugelhorn

changingmyways23 said:

My expenditure for 13/12/23

Another no-spend day 

well done!

Cloth_of_Gold

You should be able to pay off your debts in 8 months on the basis of your SOA (4529/577 = 7.85). You could do it in 6 months if you didn't buy any clothes for that period, or just bought a few things but cut out a few social events. Even so, being debt-free in 8 months is good. It's a fairly short time frame so you won't feel like it's going to take forever.

changingmyways23

Thanks @Cloth_of_Gold - I am aiming to do it within six months, fingers crossed.

changingmyways23

My expenditure for 14/12/23

Just one budgeted spend today - my weekly Pilates class.

• Pilates - £10

Total: £10

changingmyways23

My expenditure for 15/12/23

• Weekly shop - £31.39
• Medicine for the cat - £13.62
• Coffee out - £7.10

Total: £52.11

[Deleted User]

Is the other adult a partner? Is any of the debt joint? Why do you pay  half the bills but only one third of the rent? Keep a check on those takeaways and coffees as money can soon leak way on those!