My all new debt diary

4littleone

Hi,
i am going to put my debt diary on here to keep me motivated to be debt free by the end of this year.
My snowball statement showed that i would be debt free in 29 months if i throw £250 per month at my debts, but i want to get them all cleared by the end of this year.

I am claiming back my bank charges at the moment so i will use that to pay off debts, and i will also be keeping a spending diary so that i can see where i can cut back further.
Heres my SOA. There are no costs on here for my car as i have a fully expensed company car, so that has already come out of my taxed income.

Outgoings;
council tax £50
water rates £29
mortgage £500
childcare £510.41
gas £30
Elec £30
food and toiletries £130
christmas £5
isa £30
solicitor £100 (only 2 more payments to go)
gas and electric arrears £131.40 (only 3 more payments to go)
loan £50
o/d £20
telephone and broadband £30
going out £30
clothing (me and child) £15

total = £1690.82

Incoming;

£1976 wages
£78.43

total = £2054.43

£363.61 left over (in theory!)

So, i should be able to pay off the o/d by april this year, the gas and electricity arrears will be paid in three months, and the solicitor in 2 months, which means that i can then chuck everything at the loan to get that paid off early. :j
My salary has a bonus on top which is about 10k per year but that isn't paid until the end of the year so i'm going to discount it from my income until it actually happens.
I intend to keep up to date on here so that i can track how i'm doing and hopefully get a kick up the bum from you lovely lot if i fall behind!

I am keeping a spending diary at the moment because although it looks like i should have loadsamoney left each month to throw at my debts, for the last few months i've been skint by the last week of each month.