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  • FIRST POST
    • slm6002
    • By slm6002 6th Jun 11, 10:48 AM
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    slm6002
    SAHM paying off debts slowly
    • #1
    • 6th Jun 11, 10:48 AM
    SAHM paying off debts slowly 6th Jun 11 at 10:48 AM
    Hello there. I have been feeling very down lately with money issues so thought i would start a new diary and hopefully get some very needed support from you lovely people.

    I am 34, married with 3 children. We have a fair amount of debt which we are just about keeping on top of, but only by budgeting very carefully. It just seems that we can never think about doing or buying anything without either budgeting years for it or going bankrupt in the process! I hate having debt but with only 1 income (as i stay at home with the children) it is very difficult to make any kind of dent in the debts.

    I have checked all benefits that i am entitled to and am using the envelope technique for budgeting. OH is hopeless with money and will spend it if he has it so i try to make sure i get his share of things before he has chance to spend it. I have given my credit cards to a very trustworthy friend to take care of, who will only give them to me in an emergency. By doing this hopefully my balances will only go down!

    Anyway hopefully there are some of you out there that might join me in my long long challenge of clearing debt.
    Me,OH, DD 12, DS 10, DD 7
    DFW Nerd 1103 Debt Free 04/18
Page 31
    • slm6002
    • By slm6002 28th Jun 17, 1:02 PM
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    slm6002
    Well the weather has changed a lot since last weeks scorching sports days. Tax credits have been renewed and I think I am now on a constant amount rather than it changing each week. That should help with the budgeting.

    No sign of the donation of uniform yet - will give it a little while before u get up the nerve to ask again - seems a but rude to keep pestering her.

    Having an issue with ants in the kitchen at the moment so we are trying to keep everything clear and clean. Just when I think we have got rid of them all another few turn up!

    I feel really tired again - think I am just doing too much and a lot of activities are having end of season/term events that require me to do things. Nearly summer holidays so perhaps not scheduled time for getting up will help a little.

    Right off to lidl for a few bits
    Me,OH, DD 12, DS 10, DD 7
    DFW Nerd 1103 Debt Free 04/18
    • slm6002
    • By slm6002 12th Jul 17, 11:00 PM
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    slm6002
    Been really busy again - still got plenty of end of term bits left to do before the holidays. Son came home after residential trip and lots of hugs have been had (he is my very cuddly, not wanting to leave home boy so missed us all lots). Also had eldest visit her high school for 2 days - she loves it as she is in the same class as her long term boyfriend. She also knows most of the class from clubs or previous/current schools. We have succumbed and purchased a cheap mobile phone for her after the trip to school. I found it very odd that when the teacher was talking about phones they said no phones on in class unless they were told to use them for their lesson. What if I hadn't have bought her one - I guess she would share with someone, but didn't know they presume all kids have one. Anyway as she is walking I wanted to be able to keep in touch with her. It is capped so once minutes, texts and data has gone, its gone for the month.

    I had an interview at the local school yesterday. They said they would let us know by the end of the day or early this morning. So far I have heard nothing so guessing I haven't got it this time. There will be others but this one would have fitted around my kids very well. Never mind - more time to sort the house out.

    Found a few more bits to do in the holidays for free and car is going in to be sorted tomorrow (at a real garage so properly mended) so hopefully

    ok off to bed
    Me,OH, DD 12, DS 10, DD 7
    DFW Nerd 1103 Debt Free 04/18
    • armchairexpert
    • By armchairexpert 16th Jul 17, 6:32 AM
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    armchairexpert
    Hi slm, I just found your diary and read through the lot! I second everyone saying you do very well on what seems like a slim housekeeping allowance.

    You said you used to be an accountant: could you do something like book keeping from home? That way you're not advising people on taxation issues, you're just doing the admin side for people? So they give you all their receipts and things and you turn it into spreadsheets? I am sure this is an actual job.

    Although why not do a refresher course and get your confidence back? It seems crazy to me that with such a high level of education and a specialist skill like accountancy, you're stuffing boxes full of cards and picking up Avon catalogues. Surely you could earn so much more than your OH?
    MFW diary here. 1 Feb 2017 $229,371 - MFD Feb 2043 aiming for May 2028
    14 August 2017 - Refinanced: $220,000
    December 2017 - $214,653.00 Current MFD 31 July 2035
    • slm6002
    • By slm6002 3rd Apr 18, 4:21 PM
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    slm6002
    Well I have been very bad updating my diary - so here is a brief catchup to now

    OH has another job so payments to me for bills etc has increased each week making life easier.

    I have finally received my inheritance which has been put to good use and I am due to be debt free in the next week or so once we have finalised a figure.

    I have just got a job which works around the children and start after the holidays. Nervous yet excited too.

    OK that's me up until now really - doesn't look much but we are in a much better position than we were. I am looking into how having a job will affect life - meal planning is going to be a must from now on as I wont have the time to wing it and visit the shops every day like up until now.

    My freezer if full to the brim but I have no idea what's in there so that is on my list of things to do very soon. Tax credits will obviously drop or stop as my wage is added into the equation so more work on my budget spreadsheet will be needed.

    I also need to contact my various volunteer jobs and sort out different days to do them or stop them - will need some time for house and me.

    Wondering what to do once debts finished - do I go over to mortgage free wanabee?

    Anyway hope you are all well - will catch up with everyone elses diaries now
    Me,OH, DD 12, DS 10, DD 7
    DFW Nerd 1103 Debt Free 04/18
    • slm6002
    • By slm6002 6th Apr 18, 11:18 PM
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    slm6002
    Productive day today. Transferred housekeeping from OH's bank and immediately made an overpayment on my mortgage. First overpayment I have been able to make. I also managed to put the monthly savings into each of my Christmas/bday/car etc pots. Feels good. I am not sure if my spreadsheet is correct but if i keep going the way i am with all spare cash and my wages now i am going to be earning for 8 years i will pay off the mortgage. I think it must be wrong somewhere as i cant believe i could save that on a part time wage and sticking to budgets. I would need to have a similar rate for the last 3 years which i cant see happening but even so its a little crazy.

    I also realise that perhaps i should be working on the other debt first but i have money aside, and once the company has sorted themselves out and rung me back i will pay it. If no phone calls by wed i will call them.

    I have also emailed every company i can think of to get some raffle prizes in for our charity event so that's another job i can tick off the list. Trying to get these jobs done before i go to work incase i don't have the time after.

    OH still not home as he is on call and i guess they need him. Meal in the freezer that he can ping in the microwave when he gets home as i will probably be in bed by then.

    Youngest DD has swimming tomorrow and the teacher pretty much promised she could move up a level tomorrow - very overdue and she has been asking for the past few months and everyweek it seems to be another excuse. She had a free private lesson with friend who is also a teacher there and she would happily have passed her but couldn't as she wasn't in her class. So fingers crossed
    Me,OH, DD 12, DS 10, DD 7
    DFW Nerd 1103 Debt Free 04/18
    • slm6002
    • By slm6002 7th Apr 18, 10:20 AM
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    slm6002
    Yay DD moved upto the next level at swimming and because we are moving over to a Monday rather than a Saturday it is cheaper Few pounds to go back into her bank - they pay for clubs out of the Christmas and birthday money otherwise we wouldn't be able to afford it.

    Todays job is the freezer before we go to the shops - just incase there is anything lurking in there that we can make into dinner. There should be as it is packed
    Me,OH, DD 12, DS 10, DD 7
    DFW Nerd 1103 Debt Free 04/18
    • slm6002
    • By slm6002 10th Apr 18, 10:54 AM
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    slm6002
    I am debt free

    I am so happy it is done - credit score will obviously take some time to recover but whilst that's happening my bank balances can improve
    Me,OH, DD 12, DS 10, DD 7
    DFW Nerd 1103 Debt Free 04/18
    • kerron7
    • By kerron7 10th Apr 18, 3:16 PM
    • 249 Posts
    • 421 Thanks
    kerron7
    Congratulations, a wonderful feeling I'm sure!
    25.02.17 - 20,810.73
    03.06.17 - 19,222.94
    05.04.18 - 18,118.08

    Emergency Fund - 1/500
    • slm6002
    • By slm6002 10th Apr 18, 5:24 PM
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    slm6002
    Thank you its a great feeling - keep going everyone else
    Me,OH, DD 12, DS 10, DD 7
    DFW Nerd 1103 Debt Free 04/18
    • Kitten868
    • By Kitten868 14th Apr 18, 2:39 PM
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    Kitten868
    Well it's taken me ages but finally I've read your whole diary. I was desperate to find out how much it was you owed and how much you had left to pay off when you cleared it off. You have done amazingly over the last 7 years. I'm in awe of how well you do on your budget and your amazing planning. And I'm so pleased you got a job- you have always dedicated so much time to everything else I'm sure you needed a job. Plus to have your own money coming in. I'm copying your a-z holidays and loved all your ideas. I'm at the other end of the journey with a 4 and 2 year old so it's lovely seeing someone else's journey going so well. 8 years to be mortgage free would be amazing after all those years on interest free.

    I'm dyspraxic and I was diagnosed by a educational psychologist. I think they are the best people to go to for official diagnosis that can get him statemented or whatever it's called. You can push for this through the school or pay for it yourself. I definitely think it's worth it as it's much easier to help when you know his official diagnosis and they can pick out which elements he struggles with. I don't know if information like that is available nowadays so that's why I'm sharing it with you.

    And I think stay here. You've got your chronicle of how things have gone so far here so it will be good for you to see how it's changed. You're still paying debt even if it's a mortgage xxx
    Loan 1 6000/8000
    Loan 2 4000/5800
    Total 10000/13800 27% PAID
    • slm6002
    • By slm6002 15th Apr 18, 8:04 PM
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    slm6002
    Hi Kitten - thank you so much for the kind words - cant believe you kept reading . Love that you have picked up some useful tips like the a-z summer (my kids even now like to do it), I hope your little ones like it as much. It was easier when they were smaller I think as ideas could be quite simple. As my new job is in a nursery I might be able to have some input into their ideas too. And yes I have already started collecting local leaflets for ideas for the summer . DS was diagnosed with dyslexia in the end as we paid privately for it. School now seem to listen to me more and are already preparing for next years sats - possible more time for him. I still think he is on the autistic spectrum but its not too bad so its more like just him being a little quirky.

    I really cant see how it is possible to clear mortgage in 8 years and really do wonder if my figures are wrong because I certainly wont be earning 90k+ in 8 years. Anyway I will stay here and keep chipping away at things.

    I am still having issues with OH as now debt free he is thinking its ok to spend! He hasn't yet but you can see the cogs moving up there lol. Anyway as long as I get my housekeeping each week I don't mind too much (although would prefer it if he saved it) as that is what I base my budgets on. Currently working on this weeks meal plans and trying to include several slow cooker meals that will cook themselves whilst I am at work. Think I am going to be exhausted for the first few weeks until I get used to juggling everything.

    On Tuesday DS has got an Egyptian day so needed a costume. I heard him telling DD's that he didn't want a bought costume as they cost a fortune and mummys homemade ones are always much better and unique - bless him I have trained him well. Anyway large white tshirt from OH's wardrobe plus some gold ribbon, few toilet rolls painted gold for bracelet type things and a few fake gems from craft box and we are nearly there. Just need to colour in headdress and then staple it together and one costume ready for Tuesday morning.
    Me,OH, DD 12, DS 10, DD 7
    DFW Nerd 1103 Debt Free 04/18
    • Kitten868
    • By Kitten868 15th Apr 18, 8:32 PM
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    Kitten868
    Kind words pah! It's the truth. You're great for working in a nursery. Just the right job for you! Term time hours and creativity and organisation for kids. Perfect for you. Plus bring all your unwanted craft stuff into work and be called helpful! Mwhaha

    On the mortgage. I'm hoping you're not still on interest only because it's criminal (as you already know better than me). If you were to pay the mortgage off in 8 years it's about 1000 a month so you can leave the mortgage as it is and overpay the difference? I have no idea what your payments are or your pay so don't think I'm being cheeky.

    Loving the homemade costume pride bless him. They are way better! Don't know if you know but there are pens specially for dyspraxic people which might help and also some dyslexics benefit from coloured overlays. They are cheap and help me enormously. The way it works is you know how black makes a room look smaller and white bigger? That's what happens to the words, they distort so using a colour keeps them still. I like pink best but yellow works best for most people I think. Anyway super cheap to buy and may help for his sats.

    Keep it up xxx
    Loan 1 6000/8000
    Loan 2 4000/5800
    Total 10000/13800 27% PAID
    • slm6002
    • By slm6002 21st Apr 18, 7:54 AM
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    slm6002
    Well good morning. I am now a working mum and have managed my first week. Although this week hasn't been like any previous jobs I have had where I have been office based it has certainly had some variety. I am in a nursery setting and although I am admin when there are trips out I am there to make up numbers. Yesterday we went to the forest! Was fun, hot, scary as I had 2 children that were not my own to make sure I returned happy and alive! Its different when they are your own. I will get used to it. We are doing this again next week too.

    Think I did pretty well organising things and the only thing we forgot was a music instrument yesterday which I didn't even think about until I picked DS up from school. Not bad I think for my first week.

    Plans today are to sort the house. My bedroom looks terrible and I intend to pack up whatever clothes in my wardrobe that don't fit as there are lots and I cant see what I do have. This sudden heat wave caught me out and I don't have much to put on. Many of last years summer bits were so over worn they were not fit for another year so they were disposed of leaving me with a very winter wardrobe.

    Got several accounty bits to sort too before next week so need to get those done before the weekend is out as I have been worn out after work. I am also starving I have noticed. I obviously have spent the past 11 years grazing on food - my clothes tell me this is the case too! Anyway I got home the first day and was sooo hungry as I had stuck to breakfast and lunch. Might drop a few pounds working too - bonus.

    Ok need to get off computer and actually work though this list. Have a great weekend people
    Me,OH, DD 12, DS 10, DD 7
    DFW Nerd 1103 Debt Free 04/18
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