Everything changes

MFWannabe

https://forums.moneysavingexpert.com/discussion/comment/81959367#Comment_81959367

Exactly 😉

So every time you think of getting into debt for something; think if you would actually spend it if you had that money in cash.
Most of the time you will absolutely talk yourself out of it

Wouldn’t it feel better having a nice emergency fund?
Write a correct budget
Focus on paying off current debt and building an emergency fund first before anything else at all

Do you have a bank account that you can put spending (groceries etc) into each month? That is separate from your main current account?
then you could allocate yourself mo eg each week?

Emmia

@itsthelittlethings you apparently already have a bachelor's degree, according to your post on your other thread.

If that's the case, I'm not sure why you're thinking about another degree that doesn't directly qualify you for anything...

Edit: if you want to be a PA what courses are you doing/have done to give you the skills to do that?

Mands

I'm not sure why you're thinking about another degree that doesn't directly qualify you for anything...

Because it's shiny and new and that's always more exciting that dealing with boring stuff like paying off existing debts.

itsthelittlethings

I sold some wool today so can get to the end of the month properly. Otherwise today I just studied and tried to set up my new phone. I need to go to the phone shop as they can’t activate my sim remotely so I am out of contact except for WiFi. To be honest it doesn’t really matter.

I need to set up my food bank account on my new phone. I am determined to stick within budget next month.

You are 100% right about shiny things. I am a magpie when it comes to projects.

beanielou

So where are you with the debts at the moment?

itsthelittlethings

Including the overdraft £2850.

I can pay about £400 off a month so that is 7 months of scrimping.

itsthelittlethings

What is the solution to blowing all your money when you get paid? Any useful practical tips gratefully received.

13thlegion

https://forums.moneysavingexpert.com/discussion/comment/81960437#Comment_81960437

Writing out a plan beforehand and sticking to it. This is the real meaning of a budget, not the meaning of cheap or spend less.

Emmia

https://forums.moneysavingexpert.com/discussion/comment/81960437#Comment_81960437

Multiple bank accounts.

My salary is paid into a account. Shortly after pay day (1st - 3rd of the month) money moves into a joint account covering my share of the bills/mortgage for the month.

I also make the budgeted transfers to my savings accounts at the same time. And I pay any credit card spend off in full. I don't otherwise spend off this account.

The salary receiving account also pays a weekly allowance into another account (at a separate bank) that I use for day to day spends, I use a separate bank so I don't see the money in my salary receiving account when I log into online /app banking. I also pay a weekly amount into our joint account for groceries.

This requires a bit of discipline - you need to know how much to put aside for bills and savings and then how much you have left over for personal/day to day spends... And you cannot spend off the salary receiving account.

LzzyIsGod

https://forums.moneysavingexpert.com/discussion/comment/81960461#Comment_81960461

This pretty much what I do - money comes in and between 28th - 1st of the month everything shoots off into different accounts (I have a large variety e.g. bills/groceries/savings/petrol but obvs everyones outgoings are different) and dedicated "play" or fun money account. And I am strict in that I don't use the monies during the month for anything else, but do scoop any leftover money into savings pots at the end of the month.

I know some people like just 1 main account and 1 savings account but I am not one of those people - I need it all compartmentalised!