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  • FIRST POST
    • Purplemumof2
    • By Purplemumof2 11th Sep 18, 10:02 AM
    • 7,227Posts
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    Purplemumof2
    Why Walk When You Can Fly
    • #1
    • 11th Sep 18, 10:02 AM
    Why Walk When You Can Fly 11th Sep 18 at 10:02 AM
    Time for a new diary, although not at the end of 2018 yet, my plans put in place at the beginning of the year, haven't quite gone as planned....like most things

    Title of my diary comes from a Mary Chapin Carpenter song of the same name and the lyrics are rather apt to the present moment, it symbolises life and at ahem (42, shhhh!! Don't tell anyone) it resonates with me.

    Debt as it stands:

    MBNA: £5960 0% Sept 2019
    BC: £40
    Lloyds: £10,000 - 0% April 2021
    Lloyds OD: £2750

    Grand Total: £18750.00

    So whilst that looks horrendous, it is manageable.

    Pots:

    General - This is my default pot - will be used as my emergency pot
    DD's Travel - Yearly
    Overdraft - Will make a monthly payment until I hit target
    CC Overpayment - Same as above
    Cars - Again as above but no set target, will be used for all things car related
    Household - Everything house related - may include Quarterly and Yearly bills??

    Good Things:
    • Capital One card has gone along with DS's misdemeanour from last year, this one I was adamant was going this year.
    • We've paid off over £7K off the debt this year. Most of that was because of DH's commission and general saving up but also due to Surveys
    • Car is finally sorted
    • Lounge has been decorated
    • Pots set up
    • DS has finally settled down in school (I hope!)

    Bad Things:
    • The debt has increased - probably by what we already paid off, not sure.

    The good outweighs the bad, which means that things are going the right way.
    Last edited by Purplemumof2; 11-09-2018 at 10:18 AM.
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £4650.00 Lloyds: £8700.00 BC: £300.00 Cap One: GONE
    July LTW 3/22 ~ July NSD 2/10
    PAYDBX 2019 #041 PD £3474.49/£5604.30
    Savings for Christmas £300.52/£500 ~ EF £55/£500
    20p Savers 2019 £2 Savers 2019 50p Savers 2019 SPC 12 2019 #003
Page 28
    • Purplemumof2
    • By Purplemumof2 19th Jun 19, 12:06 PM
    • 7,227 Posts
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    Purplemumof2
    Just caught up on your diary. Congrats on finishing your trek. I followed it online as my friend did the same Jurassic Coast trek last weekend too. I love coastal path walking and am doing the south west coastal path bit by bit starting with Cornwall so would have loved to do it but was away on holiday and then came down with bronchitis so good job I did not sign up for it. Maybe next year. Great cause too. Your dad would be proud. Lots of steep hills.
    Originally posted by enthusiasticsaver
    Thank you, it has to be the highlight of my year this year and definitely one to remember I am tempted to do it again next year too


    Your plans to clear the debts within three years sound sensible if your kids are planning university as that will inevitably cost you. You are below £14k now and are targeting around £5-6k per year on debt so that is definitely doable so long as you do not add to the debt. What is happening about the overdraft? You and your DH have been unlucky with jobs so don't beat yourself up too much and as you say you have moved house too so that is a massive expense.
    Originally posted by enthusiasticsaver
    I am hoping that the debts will be just about half by next year, if everything goes to plan.

    The overdraft I am working on reducing although once it gets down to the £1K mark, I am going to do a money transfer whether DH likes it or not.

    Job wise, DH is the main priority, although we are both getting paid, his need at the moment is greater than mine. The project I am on doesn't finish until at least Feb next year, so I do have some time yet.

    Forgot about the house move lol

    One thing I have learned about budgeting over the years is first of all never anticipate a salary. Wait until it is in and then allocate it. If the grocery money is spent for one week do not borrow from the next except in dire emergency (milk, bread) and do not do top up shops. My primary rule was though do not send DH shopping as he would never check prices but he will stick to a list. Not sure if yours is the same. Also put savings away at the beginning of the month not save what is left.
    Originally posted by enthusiasticsaver
    I have to admit, I am slowly but surely learning to budget properly, it has only taken me nearly 10 years to get my head around it. I still have a long way to go though.
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £4650.00 Lloyds: £8700.00 BC: £300.00 Cap One: GONE
    July LTW 3/22 ~ July NSD 2/10
    PAYDBX 2019 #041 PD £3474.49/£5604.30
    Savings for Christmas £300.52/£500 ~ EF £55/£500
    20p Savers 2019 £2 Savers 2019 50p Savers 2019 SPC 12 2019 #003
    • Purplemumof2
    • By Purplemumof2 19th Jun 19, 12:49 PM
    • 7,227 Posts
    • 27,867 Thanks
    Purplemumof2
    Musings and things
    Afternoon,

    My head is all in a tizz today, between wanting to pay off the debt quickly to looking at holidays for next year. My aim is still to get rid of the debts in 3 years, but secretly hoping for 2 year minimum.

    The debt will be reduced come hell or high water next year, this has been hanging around for far too long now, as for the holiday, we as a family need a break...nothing fancy like abroad but just some time away from home away from the usual routine...may be a short break somewhere during the summer holidays.

    The overdraft, although this isn't included in the general 'debt' total, this has been reduced and will continue to be reduced once the relevant 'pot' has built up. Although if I can, I will try to make an odd reduction or two between now and Christmas. Then once it hits £1000, I will do a money transfer to clear it totally....SHHHH though, don't tell hubby!

    I had forgotten about unexpected expenses creeping up and this month has proved to be a trying one, despite my best efforts.

    July should be kinder as we won't have as much going on, I still need to plan things out so I don't get lost.

    Pots wise...the only pot to benefit this month officially will be the cars fund as DH's car is due a service. I can then restart properly from July pay day. Any 'extras' I get from surveys or selling will be allocated to pots during July.

    My overall aim with the pots is that I will increase what I am saving in there, so it will benefit us in the long run.

    Turning back to the debts briefly, the MBNA deal runs out on the 12th Dec, I am hoping that by then there will be a decent offer through in November, so I can transfer what remains on it without incurring any unnecessary increase on the debt.

    I realise that I may have repeated a lot of my musings from other posts of mine, so apologies for the repetitions.
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £4650.00 Lloyds: £8700.00 BC: £300.00 Cap One: GONE
    July LTW 3/22 ~ July NSD 2/10
    PAYDBX 2019 #041 PD £3474.49/£5604.30
    Savings for Christmas £300.52/£500 ~ EF £55/£500
    20p Savers 2019 £2 Savers 2019 50p Savers 2019 SPC 12 2019 #003
    • enthusiasticsaver
    • By enthusiasticsaver 19th Jun 19, 3:35 PM
    • 8,922 Posts
    • 20,692 Thanks
    enthusiasticsaver
    There is a discussion thread on DFW about what do people in debt think about taking holidays as Dave Ramsay says definitely no they should not but the consensus seems to be people are ok with it so long as their debt is manageable, they have saved for it and not increased the debt. Don't do like the girl on panorama and take out a loan or a credit card for it. That means planning it into your budget really from about a year before depending on how much you are prepared to spend.
    Early retired in December 2017

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages and Endowments, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • jwil
    • By jwil 20th Jun 19, 9:01 AM
    • 10,915 Posts
    • 39,692 Thanks
    jwil
    I think you are doing really well. A holiday which is budgeted and paid for will be well worth it
    "If you can dream it, you can do it". Walt Disney
    • debtaghh
    • By debtaghh 23rd Jun 19, 5:51 AM
    • 1,676 Posts
    • 6,317 Thanks
    debtaghh
    You have done so well. Keep it up x
    Credit card debt ( May 2019) : £56,918... won't even start on the family debt
    • WannabeFree
    • By WannabeFree 23rd Jun 19, 8:03 AM
    • 3,884 Posts
    • 38,339 Thanks
    WannabeFree
    I think you are doing really well. A holiday which is budgeted and paid for will be well worth it
    Originally posted by jwil
    Totally agree

    You've done amazing and if you can fit it in the budget you definitely deserve it

    x
    “Once you hit rock bottom, that's where you perfectly stand; That's your chance of restarting, but restarting the way.”
    • Purplemumof2
    • By Purplemumof2 25th Jun 19, 9:32 AM
    • 7,227 Posts
    • 27,867 Thanks
    Purplemumof2
    Back with updated June's Goals.

    Personal

    Finish my tapestry - Erm
    Read my book - Erm
    Restart the gym - Not Done
    Get more sleep - Getting there
    Drink more water - Doing

    Financial

    Lunches to work - Aim 20 days - not including my weekly allowance - Not going to hit my target but I will be close
    Groceries - need to stop the many top up shops - Needs to be improved
    Meal plan - I haven't done this in May so need to get back into it. - Again needs improving
    Keep logging in with money hub app - Lapsed on this one this month
    Fuel in car - Need to have more Eco drives - Not been my month for this
    Keep applying for jobs - Market seems to have gone quiet
    Keep up with the surveys - Keeping up with this one
    Watch what I spend - Aim for £10 per week - Erm
    Reduce the pub visits - We don't go lots but more than we should do - looking good so far - This has slightly lapsed

    Household

    Keep up with the housework
    Declutter more stuff - dump, charity shop, sell - FB marketplace


    Things coming up in June:

    My Jurassic Coast Trek - DONE
    DS RAF Cosford with Cadets - DONE
    DD balance for August camp due £40 - DONE
    DS 15th birthday - Presents bought and wrapped ready for Saturday
    My car booked for a service - DONE
    Father's Day - DONE
    DD Strategy Camp - DONE
    Originally posted by Purplemumof2
    June recap

    So June has proved to be trying as much as the rest of them.

    The one good thing that happened this month is I completed my trek/walk for Mind and I have a nice shiny medal for doing so.

    This month, was the funeral of a lovely lady that will always be missed.

    There are a lot of areas that I still need to improve on but a lot that I haven't posted on here that has improved.

    I will be back with July's Goals shortly
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £4650.00 Lloyds: £8700.00 BC: £300.00 Cap One: GONE
    July LTW 3/22 ~ July NSD 2/10
    PAYDBX 2019 #041 PD £3474.49/£5604.30
    Savings for Christmas £300.52/£500 ~ EF £55/£500
    20p Savers 2019 £2 Savers 2019 50p Savers 2019 SPC 12 2019 #003
    • Purplemumof2
    • By Purplemumof2 25th Jun 19, 10:12 AM
    • 7,227 Posts
    • 27,867 Thanks
    Purplemumof2
    July's Goals
    Back with July's Goals.

    Personal

    Finish my tapestry
    Read my book
    Restart the gym
    Get more sleep
    Drink more water

    Financial

    Lunches to work - Aim 22 days - not including my weekly allowance.
    Alcohol free month - Aiming for the full 31 days.
    No spend days - Aim for 5 but should try harder for more.
    Groceries - need to stop the many top up shops.
    Meal plan - I lapsed a bit in June for this one, need to try again.
    Keep logging in with money hub app
    Fuel in car - Need to have more Eco drives
    Keep applying for jobs
    Keep up with the surveys
    Watch what I spend - Aim for £10 per week
    Reduce the pub visits
    Reduce overdraft by £100

    Household

    Keep up with the housework
    Declutter more stuff - dump, charity shop, sell - FB marketplace


    Things coming up in July:

    DS work experience on my site
    DS IOW Camp with Cadets
    DH car service
    DH glaucoma clinic appointment

    I was naughty and bought a Woman/Mother Planner off Amazon last week so I can keep a better eye on things, it's not ideal in the sense of I will use everything in it (I won't) but it is sufficient in that I can use it, so not a total waste of money.
    Last edited by Purplemumof2; 25-06-2019 at 1:19 PM.
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £4650.00 Lloyds: £8700.00 BC: £300.00 Cap One: GONE
    July LTW 3/22 ~ July NSD 2/10
    PAYDBX 2019 #041 PD £3474.49/£5604.30
    Savings for Christmas £300.52/£500 ~ EF £55/£500
    20p Savers 2019 £2 Savers 2019 50p Savers 2019 SPC 12 2019 #003
    • Purplemumof2
    • By Purplemumof2 25th Jun 19, 10:40 AM
    • 7,227 Posts
    • 27,867 Thanks
    Purplemumof2
    NSD's what I don't include:

    DH's Nicorette
    DH's contact lenses
    Prescriptions
    Diesel
    DH's travel
    Kids pocket money
    Kids lunches at school on Fridays
    My £10 allowance per week - £2 allowed per day
    Weekly food shop/top up shops

    I forgot that I had written this down in my old diary, so I have transferred it over to here and modified it slightly.
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £4650.00 Lloyds: £8700.00 BC: £300.00 Cap One: GONE
    July LTW 3/22 ~ July NSD 2/10
    PAYDBX 2019 #041 PD £3474.49/£5604.30
    Savings for Christmas £300.52/£500 ~ EF £55/£500
    20p Savers 2019 £2 Savers 2019 50p Savers 2019 SPC 12 2019 #003
    • jwil
    • By jwil 26th Jun 19, 12:13 PM
    • 10,915 Posts
    • 39,692 Thanks
    jwil
    Good luck for July
    "If you can dream it, you can do it". Walt Disney
    • Purplemumof2
    • By Purplemumof2 1st Jul 19, 8:44 AM
    • 7,227 Posts
    • 27,867 Thanks
    Purplemumof2
    Good morning and Happy July.

    So, things are not so good on the money front this end and we aren't even half way through the month already!!!

    DH is going to have to put his train ticket on the CC, just so he a can get to work this month.

    Basically everything that we have paid out for over the past few months has finally caught up.

    Not happy about it and certainly not in the best place this morning.

    But.....I am not going to let it get to me as much as I want it to, draw a line under an minimise that damage as much as I can so we keep going.

    I am have a booze free month this month, more for my sake than the finances and I have signed up for 5 NSD's but aiming for more if possible.

    Meal plan has been made for the next two weeks.

    I have drawn money out for DS for camp and for their pocket money, these have been squirrelled away.
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £4650.00 Lloyds: £8700.00 BC: £300.00 Cap One: GONE
    July LTW 3/22 ~ July NSD 2/10
    PAYDBX 2019 #041 PD £3474.49/£5604.30
    Savings for Christmas £300.52/£500 ~ EF £55/£500
    20p Savers 2019 £2 Savers 2019 50p Savers 2019 SPC 12 2019 #003
    • jwil
    • By jwil 2nd Jul 19, 7:01 AM
    • 10,915 Posts
    • 39,692 Thanks
    jwil
    Hope you can get back on track soon x
    "If you can dream it, you can do it". Walt Disney
    • Purplemumof2
    • By Purplemumof2 3rd Jul 19, 7:50 AM
    • 7,227 Posts
    • 27,867 Thanks
    Purplemumof2
    Families are funny things....DH got shouted at by his sister because MiL had a car accident on Monday and he didn't ring MiL to see how she was....now the funny thing about that is that no one told us she'd had one but SiL's DiL put a post on her FB about it that we were supposed to have seen...but we're not friends with said DiL so didn't see the post.

    SiL and DH are now not on speaking terms....MiL is totally fine although her car is written off.

    I swear July is going to be as bad as June at this rate!!!!
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £4650.00 Lloyds: £8700.00 BC: £300.00 Cap One: GONE
    July LTW 3/22 ~ July NSD 2/10
    PAYDBX 2019 #041 PD £3474.49/£5604.30
    Savings for Christmas £300.52/£500 ~ EF £55/£500
    20p Savers 2019 £2 Savers 2019 50p Savers 2019 SPC 12 2019 #003
    • hugglemonster
    • By hugglemonster 3rd Jul 19, 9:24 AM
    • 601 Posts
    • 2,816 Thanks
    hugglemonster
    How annoying that people think that putting a message on FB constitutes telling everyone, I always phone people especially as it was something as important as an accident. Glad that MiL is ok though.

    Hope you can have an easy month to get you back on schedule, you've had a lot to pay out for in June.

    H x
    Debt:Loan 2 £2200 now £2127.31 Credit card £2200 now £1950 Car - Purchased £11,518.40 now £4791 Barclays loan 3000 now £2219.05 (savings to PIF - £157.32)
    PAID - Computer £646.52, Overdraft 1 £2200 Dad £300
    Emergency fund: £100 General savings: £90 Debt paid 2019 15.44% starting debt 13,111.79 current debt £11.087.36
    • Purplemumof2
    • By Purplemumof2 3rd Jul 19, 9:32 AM
    • 7,227 Posts
    • 27,867 Thanks
    Purplemumof2
    How annoying that people think that putting a message on FB constitutes telling everyone, I always phone people especially as it was something as important as an accident. Glad that MiL is ok though.

    Hope you can have an easy month to get you back on schedule, you've had a lot to pay out for in June.

    H x
    Originally posted by hugglemonster
    That's what astounds us, DH was so upset that his sister had a go at him for it....I said to him that if we don't know there's nothing we can do. SiL was being so melodramatic, saying that MiL could've died the accident was soooo bad. Dh spoke to his mum and the accident wasn't as bad as SiL made out, regardless of the fact that the car was a write off.

    On the upside, said MiL is coming to visit for a week during the summer, which will be lovely as she is great to be around.

    I'm hoping that this month we will scrape through unscathed but I can't see it....I may need to move money about to cover us but we will see. I do have some money coming in on Friday so that will help a bit and money for the bills are covered.
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £4650.00 Lloyds: £8700.00 BC: £300.00 Cap One: GONE
    July LTW 3/22 ~ July NSD 2/10
    PAYDBX 2019 #041 PD £3474.49/£5604.30
    Savings for Christmas £300.52/£500 ~ EF £55/£500
    20p Savers 2019 £2 Savers 2019 50p Savers 2019 SPC 12 2019 #003
    • hugglemonster
    • By hugglemonster 3rd Jul 19, 10:02 AM
    • 601 Posts
    • 2,816 Thanks
    hugglemonster
    Why didn't SiL phone then? Blimey families eh!

    Hope you enjoy the time with MiL when she visits.

    H x
    Debt:Loan 2 £2200 now £2127.31 Credit card £2200 now £1950 Car - Purchased £11,518.40 now £4791 Barclays loan 3000 now £2219.05 (savings to PIF - £157.32)
    PAID - Computer £646.52, Overdraft 1 £2200 Dad £300
    Emergency fund: £100 General savings: £90 Debt paid 2019 15.44% starting debt 13,111.79 current debt £11.087.36
    • Purplemumof2
    • By Purplemumof2 3rd Jul 19, 10:16 AM
    • 7,227 Posts
    • 27,867 Thanks
    Purplemumof2
    Why didn't SiL phone then? Blimey families eh!

    Hope you enjoy the time with MiL when she visits.

    H x
    Originally posted by hugglemonster
    Exactly!

    Thanks hun xx
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £4650.00 Lloyds: £8700.00 BC: £300.00 Cap One: GONE
    July LTW 3/22 ~ July NSD 2/10
    PAYDBX 2019 #041 PD £3474.49/£5604.30
    Savings for Christmas £300.52/£500 ~ EF £55/£500
    20p Savers 2019 £2 Savers 2019 50p Savers 2019 SPC 12 2019 #003
    • doingitanyway
    • By doingitanyway 3rd Jul 19, 1:27 PM
    • 4,545 Posts
    • 28,108 Thanks
    doingitanyway
    Love your July goals
    Car costs savings: 317
    Xmas savings 160
    IF NOT NOW THEN WHEN? 14/31 AFDs forAugust
    • monz
    • By monz 16th Jul 19, 10:04 AM
    • 3,657 Posts
    • 12,572 Thanks
    monz
    Hey hope you are ok!! Sorry to hear about your Mother in law !!! xx
    Debt (1/9/14) £6,702.11 Debt free (30/11/2016) mum and dad £4,000/£4,000
    car PCP - £2,709.84/£11,848.25 mortgage - £79,830 o/s currently - paid £6,046.10 (£181.54 overpayment)
    Fence fund - £45/£1,200
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 16th Jul 19, 2:07 PM
    • 10,118 Posts
    • 80,985 Thanks
    HairyHandofDartmoor
    Even is SIL didn't have time to phone she could have texted you!

    I'm glad MIL is okay and you're looking forward to her visit .
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = £58,766 DEBT FREE 31 OCTOBER 2017
    EMERGENCY FUND 1 = £4,005/£5,000. EMERGENCY FUND 2 = £2,005/£5,000.
    CHRISTMAS SAVINGS = £129.37/£500
    PREMIUM BONDS ME = £200. PREMIUM BONDS DH = £100
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