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My SOA and Situation Realisation
Comments
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100% The eating out can be anything from forgetting lunch and eating out to taking the kids out for dinner or a night out with my ex. It sickens me to think I have been spending this much on food and nights out and genuinely trying to stop it dead. Lunch in town is £10 easily. so prepping meals is an absolute must.
With regards to Entertainment this would just be days out or drinks with friends. Again I completely agree. Needs to stop dead.
This month on Eating out I stand at 134.94 and on Entertainment £80.63
Still not where I need it to be but a big difference. In August I am really going to try to keep it to £0.0 -
Where do you work and where do you go for lunch? My husband works in central London and goes to Sainsburys for the meal deal for lunch.
I need to just focus on prepping my meals as this sorts everything out. Already sorted my lunch for tomorrow!Debt Fully Paid Off (20/06/2019): £54,441.87
Dave Ramsey is my financial guru!0 -
How old are you, and how old are your children?
Looking at your budget if you can get out of debt you could be in a really nice financial position. How long does the mortgage have the run and what interest rate? The payments seem pretty high for the size of loan?0 -
Quite often I bulk out our evening meals and then take the leftovers for work lunches. It's no extra effort and saves quite a bit of money. I do also keep a couple of bits like tins of soup in work just in case so I never have the excuse to buy food.Starting a new debt free journeyStarting Debt: £5,250Current Debt: £4,995.50Amount Paid: £254.50 Percentage Paid: 4.84%Emergency Fund: £3500
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Don't judge me but I need a hot meal for lunch
I need to just focus on prepping my meals as this sorts everything out. Already sorted my lunch for tomorrow!
If you're having a hot meal at lunchtime, you can probably cut the £274 on groceries somewhat2.22kWp Solar PV system installed Oct 2010, Fronius IG20 Inverter, south facing (-5 deg), 30 degree pitch, no shadingEverything will be alright in the end so, if it’s not yet alright, it means it’s not yet the endMFW #4 OPs (offset): 2018 £866.89, 2019 £1322.33, 2020 £1337.07,
2021 £1250.00, 2022 £1500.00, 2023 £1500Target for 2024 (offset) = £1200, YTD £345
Quidquid Latine dictum sit altum videtur0 -
JayRitchie wrote: »How old are you, and how old are your children?
Looking at your budget if you can get out of debt you could be in a really nice financial position. How long does the mortgage have the run and what interest rate? The payments seem pretty high for the size of loan?
The debt is the one thing that is killing me at the moment. I have well and truly dug myself into this one.
The mortgage is a 15 year mortgage with 12 years to go.Debt Fully Paid Off (20/06/2019): £54,441.87
Dave Ramsey is my financial guru!0 -
Quite often I bulk out our evening meals and then take the leftovers for work lunches. It's no extra effort and saves quite a bit of money. I do also keep a couple of bits like tins of soup in work just in case so I never have the excuse to buy food.
I try to keep in the office a load of porridge oats and some rice just for when i feel hungry too.Debt Fully Paid Off (20/06/2019): £54,441.87
Dave Ramsey is my financial guru!0 -
jackieblack wrote: »If you're having a hot meal at lunchtime, you can probably cut the £274 on groceries somewhat
With the groceries, I have started shopping at Aldi and this has started to make a HUGE difference. I couldn't believe the difference in cost to Sainsburys (my local shop) !
There is an Aldi in town which is very easy to get to on my way home.Debt Fully Paid Off (20/06/2019): £54,441.87
Dave Ramsey is my financial guru!0 -
I am 28. Kids are 6 and 7.
The debt is the one thing that is killing me at the moment. I have well and truly dug myself into this one.
The mortgage is a 15 year mortgage with 12 years to go.
Cool. Well - you are 28, bringing up 2 kids, have started a business which looks really successful (been to university also?), live in a low cost of living area from the value of your flat. Seriously - you've had some bad luck and and mistakes but for a young guy you are really not doing badly:
- have a flat you've done up and clearly like, with affordable payments
- supporting your children
- running a business.
Although it might seem a long way off if you manage the debts you will be mortgage free at 40, able to provide a roof for your children should they need it as they enter adult life, and be debt free. Most of your peers are living in shared houses with some credit card and car debt and no assets. You've achieved loads. Will look over your finances and think about these shortly.0 -
JayRitchie wrote: »Cool. Well - you are 28, bringing up 2 kids, have started a business which looks really successful (been to university also?), live in a low cost of living area from the value of your flat. Seriously - you've had some bad luck and and mistakes but for a young guy you are really not doing badly:
- have a flat you've done up and clearly like, with affordable payments
- supporting your children
- running a business.
Although it might seem a long way off if you manage the debts you will be mortgage free at 40, able to provide a roof for your children should they need it as they enter adult life, and be debt free. Most of your peers are living in shared houses with some credit card and car debt and no assets. You've achieved loads. Will look over your finances and think about these shortly.
When I took out the Ikano and Sainsburys loans the STUPID idea was to invest it with a money lender at a higher rate. I thought at the time they were both at 3% rates.
Then I dipped into the money and so it began. All my life I have had an issue with not being able to spend within my means which is another reason why I didn't think selling my flat was going to solve anything. I need to work through this to change my attitudes and spending habits. The pain and stress of all this I hope will teach me an important lesson.
Most importantly keeping track of where I spend my money and being a bit more deliberate and thoughtful with my money.Debt Fully Paid Off (20/06/2019): £54,441.87
Dave Ramsey is my financial guru!0
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