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  • FIRST POST
    • LondonGirl252
    • By LondonGirl252 27th Sep 11, 1:52 PM
    • 1,962Posts
    • 4,103Thanks
    LondonGirl252
    London Socialite Sees The Light
    • #1
    • 27th Sep 11, 1:52 PM
    London Socialite Sees The Light 27th Sep 11 at 1:52 PM
    Well here goes, my first ever diary.

    I'm a bit depressed it's gotten to the stage where I am writing this but no one else knows my situation and it will help to keep me on track once and for all to have somewhere to vent and log my progress.

    I had a LBM back in May where I came up with a clever spreadsheet and had all the best intentions in the world, back then I owed £11,694.51. For 3 months that figure decreased gradually down to £10,907.98. And then what happened?

    Life happened.

    I wish I could say something huge changed in my life to blame for my set back but I only have myself to blame. Trying to keep up with workmates and friends socially has gotten me right back where a started. No, worse. As at 26/09/2011 I owe £12,186.73.

    The last few weeks have been difficult and expensive for various reasons but when I sat down yesterday to re-calculate the finances I got a shock I'd done quite so badly after a good start.

    I had today and yesterday booked on annual leave so have spent the majority of the time on here, looking through statements properly etc etc.

    My clever spreadsheet is now SUPER clever including numerous tabs, charts, progress etc to help keep me motivated and now I have my DFD to log everything as I go along, even if no one reads it, it will be a support to me.

    So that's enough self pity and wallowing, there are people on here in much worse situations.
    Onto the positives

    Last night I finally emptied my ever growing spare change pot and counted out a whopping £71!!!

    Tomorrow am I will take it down to the bank in its money bags and deposit into my current account, I have already written and posted a cheque to clear £71 off the worst credit card

    In organising my finances I found an old savings account which has lain dormant with £6.26 in. Went to that bank today and closed it receiving the balance in cash.

    My stomach then rumbled so popped via the supermarket on the way home and my favourite soup was reduced so bought 2 large ones and some rolls, in doing this I have 4 meals for the grand total of £3.21!!!

    To keep track of day to day finances better I know I need to deal in cash rather than debit card as I don't realise the full weight of the expenditure if i pay by card.

    I am budgeting £70 per week/£10 per day to include EVERYTHING, my travel is paid in advance for, i get a lot of meals at work so this should be more than enough, the challenge will come when I go out socially. Luckily this will be less soon as exams are approaching again for my prof qualification...

    My aim is to have the £10 note still in my purse at the end of the day thus having a NSD. I will empty my purse every night into a pot and at the end of the week however much is left can be paid onto a c card. I hope the satisfaction of seeing this happen will keep me going each week to try and have more to pay off than the previous week.

    In 2 months time I can cancel my gym membership which is another £49 per month to go on a card. Both cards are cut up now btw.

    In July my largest monthly DD for a loan will be finished and loan paid off which will be a huge help monthly, if i can keep going like this until July then I know I will be much better off and can keep plugging away at the debt each month.

    Our company bonus time is Feb each year, and although I know they are not guaranteed I am hoping I should be able to nail a chunk off the debt in Feb.

    I aim to be debt free by 01.04.2014. Which will be achieved by following my above rules. If i stick to this, on this date when my share scheme with work matures I will have at least £3600 guaranteed in my bank to pay off the remainder.

    Do I win the prize for the longest first post? Possibly, but at least its all down and now i can pop in and log my progress...

    ....

    Here goes nothing....
Page 128
    • PositiveBalance
    • By PositiveBalance 11th Jan 19, 12:11 AM
    • 949 Posts
    • 5,096 Thanks
    PositiveBalance
    You're doing as much as you can under the circumstances, LG: well done for that!
    Original debt to source: £11,640.02; debt repaid: £6771.01 (58%); remaining debt: £5069.01
    0% CC balance: £4999.67 now
    £2123.75 (58.1% repaid)
    Emergency Fund (#187): £500/£500
    Terrimundi: fleeced!
    • LondonGirl252
    • By LondonGirl252 11th Jan 19, 12:54 PM
    • 1,962 Posts
    • 4,103 Thanks
    LondonGirl252
    Thanks Muffin & thank Positive Balance, appreciate it.


    Done well again this week, helped that I didn't have to go into London. A friend has invited me over for dinner tonight so that will be nice. I have superhuman training in the morning so won't drink and I'll pick up some soft drink and some chocs to take with me.


    Other than that not expecting to spend anything this weekend, my only plans are to go to training and to pop in on a friend to meet her new kittens (can't wait!).


    This does mean I need to be prepared for my usual "Sunday Slump" for some reason if i dont have a busy weekend I tend to get really down once training is finished on a Sunday and spend the whole day on the sofa miserable. So after training I will shower, tidy up, meal plan for the next week, go shopping for said meal plan and spend the day batch cooking. As Monday is a rest day for traning, i will get small bottle of wine as a treat to have while I cook. Then have some good films lined up for the evening.


    No flat news to share at the moment.


    The stables I ride at have just reminded me their yearly membership fee is due which is a pain, it's £78 for the year. I'm going to try and push it out to Feb as Jan is already short for budget.


    Better do Febs budget this weekend too, it's already expensive with two engagement parties in London so i need to make sure I don't over commit myself compared to budget.


    Hope you all have lovely weekends
    LG
    Santander 0% £1,529.94
    Sainsbury's 0% £4,371.31
    Total 0% £5,901.25
    AIM: Pay off debt & simultaneously save for deposit to buy a house by Oct 2020.
    Mar Challenge: Stay within groceries & eating out budget.
    • LondonGirl252
    • By LondonGirl252 11th Jan 19, 1:38 PM
    • 1,962 Posts
    • 4,103 Thanks
    LondonGirl252
    Just quickly did my Feb budget and as thought is close to maxed out so I can't accept any more social engagements - this is really highlighting to me now why I am nearly £6k in debt. Most of that is housemoving etc but a large amount is socialising and accepting invites before checking the budget, i over commit myself financially.


    I feel like I've just had a mini LBM!


    Anyway, know not to accept any more stuff for Feb, it's not too much of an issue as because I have Superhuman at the end of the month I need to train hard and not drink, perfect excuse to be anti social for a month!
    Santander 0% £1,529.94
    Sainsbury's 0% £4,371.31
    Total 0% £5,901.25
    AIM: Pay off debt & simultaneously save for deposit to buy a house by Oct 2020.
    Mar Challenge: Stay within groceries & eating out budget.
    • mark88man
    • By mark88man 11th Jan 19, 9:10 PM
    • 3,792 Posts
    • 8,671 Thanks
    mark88man
    Just quickly did my Feb budget and as thought is close to maxed out so I can't accept any more social engagements - this is really highlighting to me now why I am nearly £6k in debt. Most of that is housemoving etc but a large amount is socialising and accepting invites before checking the budget, i over commit myself financially.

    I feel like I've just had a mini LBM!

    Anyway, know not to accept any more stuff for Feb, it's not too much of an issue as because I have Superhuman at the end of the month I need to train hard and not drink, perfect excuse to be anti social for a month!
    Originally posted by LondonGirl252
    I know - buring the candle from both ends is likely to go wrong once in a while. However, I would probably go further and say its not just a month that's gone wrong, but a systematic reluctance to put money aside in the form of savings. some say 6 months living expenses is the minimum you should have put away - way more than an emergency fund.

    Now I can afford to lecture you becsue I have had many more years of experience in the same reluctance, and built up some unwanted skill is riding the consequent s!!tstorm. I think what I'm trying to say is its not one months excess that causes these challenges but systemic - failing to plan is planning to fail would be LBM takeaway from that
    Things happen for a reason. Often the reason is we are stupid & make bad decisions.
    Weight/Health - Fluctuating - better than I was worse than I should be
    End 18: CC:8K@0% - Car Loan:11K@2.8% - Mort:133K@2.1% = £152K
    Decrease in Total Debt 2016:£13.4K 2017:£8.3K 2018:£20K

    • LondonGirl252
    • By LondonGirl252 11th Jan 19, 10:45 PM
    • 1,962 Posts
    • 4,103 Thanks
    LondonGirl252
    Youíre spot on! Couldnít agree more! Iíve always planned and budgeted money but not planned what is due to take up my money and therefore giving myself suitable budget- pretty pi$$ poor for an accountant hahaha!

    Lovely evening tonight at my friends, one small glass of bubbly before dins and Iím now home and in bed ready for training tomorrow.... weíve got a 175kg tractor tyre to carry around alongside a bunch of exercises in between carrying it between markers. Will let you know if Iím still walking tomorrow!
    Santander 0% £1,529.94
    Sainsbury's 0% £4,371.31
    Total 0% £5,901.25
    AIM: Pay off debt & simultaneously save for deposit to buy a house by Oct 2020.
    Mar Challenge: Stay within groceries & eating out budget.
    • mark88man
    • By mark88man 12th Jan 19, 10:37 AM
    • 3,792 Posts
    • 8,671 Thanks
    mark88man
    I know but it is so much more fun being super busy - I am slowly learning to love slower pace things, although my crazy self, crazy family and my crazy job make that difficult sometimes. Plus a little bit of peacefulness of knowing that I am well over half way on most of my debt free journeys - which isn't gloating (not really anything to gloat about - like feeling smug about climbing out of a hole you dug for yourself) just being reassuring (hopefully) that there will be a time all this fuss and bother will play in the background not centre stage
    Things happen for a reason. Often the reason is we are stupid & make bad decisions.
    Weight/Health - Fluctuating - better than I was worse than I should be
    End 18: CC:8K@0% - Car Loan:11K@2.8% - Mort:133K@2.1% = £152K
    Decrease in Total Debt 2016:£13.4K 2017:£8.3K 2018:£20K

    • joeyjimbles
    • By joeyjimbles 13th Jan 19, 8:21 PM
    • 1,777 Posts
    • 9,734 Thanks
    joeyjimbles
    Do you still do surveys for extra pennies? Something else to occupy you on long evenings.
    • LondonGirl252
    • By LondonGirl252 14th Jan 19, 8:59 AM
    • 1,962 Posts
    • 4,103 Thanks
    LondonGirl252
    I haven't actually done that for a whle, I'll see if i can find any around here- good idea, thanks!


    So, week 2 of January finished, no overspends in terms of going out etc which is great.


    Still 3 weeks of Jan to go through and looking really light on my groceries budget, just over a tenner a week to last me. I have some stuff in the freezer I can use up, I have a big bag of sweet potatoes to use up too so I'll get creative with cheap meals. Going to the supermarket tonight to get some veg in for the week and will do my best to keep it under £10.


    This week I just have a work meal on Thursday which I will be expensing and i am driving. I will buy a round of drinks in the first bar as this is me taking out some of the team as a thank you for a massive effort they put in earlier in the year. Budgeted £30 for the night and don't expect to go over.


    On Sunday I have the crossfit competition which is all paid for. I will need to get food to take with me for the day too. I trained really hard this weekend and am so sore today, so taking today as a rest day then will do my usual morning HIIT/Boxing Tues, Weds, Thurs then I'll be resting Fri, Sat so im on good form for Sunday. One of the girls doing it helped me with my lifting technque yesterday which was really kind and she got me up to a decent weight, just need to keep practising my technique then she says she reckons I'm strong enough to lift heavier. Not going to push it though, i do not want to get injured!


    After training yesterday I spent the afternoon helping my friends clear out their stables so it was also an afternoon of manual labour! They said thanks by cooking my dinner which was nice and meant I was busy all weekend so there's was no chance of being in a slump which was ace!


    Fairly busy week at work this week. Planning to take lunch everyday by cooking double in the evenings then having leftovers.


    LG
    Santander 0% £1,529.94
    Sainsbury's 0% £4,371.31
    Total 0% £5,901.25
    AIM: Pay off debt & simultaneously save for deposit to buy a house by Oct 2020.
    Mar Challenge: Stay within groceries & eating out budget.
    • MuffinTops
    • By MuffinTops 14th Jan 19, 5:51 PM
    • 2,266 Posts
    • 7,027 Thanks
    MuffinTops
    You're doing well through this longer than long month. It's not easy staying on track with a £10 a week budget but I know that if anyone can do it, you can.


    Well done on all the exercise too. It's nice to hear you had free and lovely things to do yesterday that kept you out of the Sunday Slump.
    • mark88man
    • By mark88man 14th Jan 19, 7:36 PM
    • 3,792 Posts
    • 8,671 Thanks
    mark88man
    well done on keeping so positive - its can all get a bit of a PITA.

    cheap meals that I like
    * anything with a yellow sticker on it (learn when they put the reduced stuff out and get into the habit of shopping at that time
    * lidl sardines and lidl beans both about 25p a can both good on toast
    * lidl sweetcorn (33p) and tuna (67p) mayo - good in a wrap or a baked potato
    * tray bakes - small pasta (eg orzo) or cheaper, use value rice in a baking tray with as many vegetables as you can afford and agenerous amount of stock

    Oldstyle money saving has a lot of threads with bargain meals in and very tasty + a few threads on how to feed a family of 4 for a month for £20 - although you are not quite there yet
    Things happen for a reason. Often the reason is we are stupid & make bad decisions.
    Weight/Health - Fluctuating - better than I was worse than I should be
    End 18: CC:8K@0% - Car Loan:11K@2.8% - Mort:133K@2.1% = £152K
    Decrease in Total Debt 2016:£13.4K 2017:£8.3K 2018:£20K

    • Buffythedebtslayer
    • By Buffythedebtslayer 14th Jan 19, 9:30 PM
    • 15,501 Posts
    • 52,503 Thanks
    Buffythedebtslayer
    There are still three WEEKS left of January! Crap. I am never leaving the house again.

    Good to see you back
    Sealed Pot 12 - 008, 365, 1p a day, 1%, 100 days, Saving to be out of debt!
    • LondonGirl252
    • By LondonGirl252 16th Jan 19, 5:24 PM
    • 1,962 Posts
    • 4,103 Thanks
    LondonGirl252
    You're doing well through this longer than long month. It's not easy staying on track with a £10 a week budget but I know that if anyone can do it, you can.


    Well done on all the exercise too. It's nice to hear you had free and lovely things to do yesterday that kept you out of the Sunday Slump.
    Originally posted by MuffinTops
    Thank you! It was a lovely weekend, one of the best in a while, goes to show youdon't need to spend money to have fun and be happy!
    Santander 0% £1,529.94
    Sainsbury's 0% £4,371.31
    Total 0% £5,901.25
    AIM: Pay off debt & simultaneously save for deposit to buy a house by Oct 2020.
    Mar Challenge: Stay within groceries & eating out budget.
    • LondonGirl252
    • By LondonGirl252 16th Jan 19, 5:25 PM
    • 1,962 Posts
    • 4,103 Thanks
    LondonGirl252
    well done on keeping so positive - its can all get a bit of a PITA.

    cheap meals that I like
    * anything with a yellow sticker on it (learn when they put the reduced stuff out and get into the habit of shopping at that time
    * lidl sardines and lidl beans both about 25p a can both good on toast
    * lidl sweetcorn (33p) and tuna (67p) mayo - good in a wrap or a baked potato
    * tray bakes - small pasta (eg orzo) or cheaper, use value rice in a baking tray with as many vegetables as you can afford and agenerous amount of stock

    Oldstyle money saving has a lot of threads with bargain meals in and very tasty + a few threads on how to feed a family of 4 for a month for £20 - although you are not quite there yet
    Originally posted by mark88man
    Cheers they are great ideas! Defo checking out the oldstyle boards, might be fun to challenge myself to a super tight budget one month and see how far i can go!
    Santander 0% £1,529.94
    Sainsbury's 0% £4,371.31
    Total 0% £5,901.25
    AIM: Pay off debt & simultaneously save for deposit to buy a house by Oct 2020.
    Mar Challenge: Stay within groceries & eating out budget.
    • LondonGirl252
    • By LondonGirl252 16th Jan 19, 5:26 PM
    • 1,962 Posts
    • 4,103 Thanks
    LondonGirl252
    There are still three WEEKS left of January! Crap. I am never leaving the house again.

    Good to see you back
    Originally posted by Buffythedebtslayer
    Tell me about it!!! Great to have you back on here too! Do youstill have your diary? I shall have to catch up!
    Santander 0% £1,529.94
    Sainsbury's 0% £4,371.31
    Total 0% £5,901.25
    AIM: Pay off debt & simultaneously save for deposit to buy a house by Oct 2020.
    Mar Challenge: Stay within groceries & eating out budget.
    • LondonGirl252
    • By LondonGirl252 16th Jan 19, 5:50 PM
    • 1,962 Posts
    • 4,103 Thanks
    LondonGirl252
    So far not too bad this week, my grocery shopping ended up being slightly more than planned as I had to buy batteries and a couple of necessities from the non food departments, i only spent a tenner on food to last the week so that is positive.


    I lost my debit card which means I am spending on my credit card, so it looks like it's going up but once my new debit card arrives I'll switch back and pay off the difference.


    Still struggling to see how im going to cover the shortfall this month, I had £285 of professional membership fees and £175 in ground rent to pay which aren't in my normal budget. Don't want to do this but I could let the CC go up by the £53 until next month then overpay £53 so by the end of Feb my credit card debt is still unchanged.


    Had a good rest day Monday from the gym, then yesterday did boxing followed by some lifting, this morning did HIIT and about to leave work now to go and practise some more lifting and stuff for Sunday's competition. Tomorrow is boxing again then i'll ease off training so im fresh for Sunday.


    Flat update: We have a viewing on Sunday. My ex thinks next week now he'll have an idea of what he will or won't do so once he does I'll meet up with him to talk. Really really hoping by the end of this month I'll have an idea of where it's going and how it will affect my money.


    Also planning on a salary conversation with my FD in the next couple of weeks to request a jump in this year's salary review and guage his reaction. Need to start thinking how i feel if he can't do anything whether Im happy staying here on this salary feeling peed off it's a bit low for my responsibility. Vs moving and having to start again and risk of not working out. I love this company and people so i would take something great for me to move. It's just with my finances the way they are it's difficult not to think about being able to increase my salary.


    Ponderings....


    LG
    Santander 0% £1,529.94
    Sainsbury's 0% £4,371.31
    Total 0% £5,901.25
    AIM: Pay off debt & simultaneously save for deposit to buy a house by Oct 2020.
    Mar Challenge: Stay within groceries & eating out budget.
    • mark88man
    • By mark88man 16th Jan 19, 6:34 PM
    • 3,792 Posts
    • 8,671 Thanks
    mark88man
    In an ideal world you would have budgeted for annual memberships in advance - but we all aren't living there so I think it very reasonable to jiggle annual spends around - including use on the CC because you cant really take such a big lump when its tight

    good luck with the flat - can't really add anything on that

    I think you are onto a good thing in respect of your salary by effectively benchmarking your low salary when talking to your FD - although if redunancies are near you might be making yourself a target - however it seems he appreciates you enough so I wouldn't worry.

    You definitely need to give him a business reason to pay more - have you taken on more than when you were offered the job - or did you accept the job on the basis of promises of progression which maybe aren't living up to expectations, or what is the average increase for people at your level.

    Also (and I haven't has a P45 since the last century so I am not really qualified to say too much, but I've seen a lot) I think you can get too attached to a company - and worry too much about the personal aspect - at the end of the day and increasingly with the current flood of managery managers, employment is a transaction so if you can't stay (for whatever reason) just leave. I think you should at least start looking at whats available - often pay rises are only forthcoming when there is n actual risk of losing you,not that you're just a bit moany (sorry).

    You shouldn't share too much personal information, but an option could be to state you are now living as a "1" and 1 can't live as cheaply as 2 so whilst you were prepared to accept your current salary (because you love the job) its now squeezing your disposable. However I probably wouldn't go there as its quite awkward really!


    Anyway good luck - and "Be more CAT" - in that it is always OK to ask for what you want and never take no for an answer
    Things happen for a reason. Often the reason is we are stupid & make bad decisions.
    Weight/Health - Fluctuating - better than I was worse than I should be
    End 18: CC:8K@0% - Car Loan:11K@2.8% - Mort:133K@2.1% = £152K
    Decrease in Total Debt 2016:£13.4K 2017:£8.3K 2018:£20K

    • Homegrown0
    • By Homegrown0 17th Jan 19, 8:54 AM
    • 781 Posts
    • 4,007 Thanks
    Homegrown0
    I think it's a great idea to approach your boss about a pay rise, but agree with Mark, you have to go into it with some ammo, so to speak.

    When I asked for a pay rise in my old job, if already been job hunting and actually had been offered another role (which wasn't my ideal job) but I then had grounds to say that while I loves my job, my financial situation had changed meaning the financial element of the job became increasingly important. I'm considering the new role and they've offered me £X,000. My boss then went away to talk to her boss and came back to me saying they'd beat my proposed new job salary by 2k if I'd stay. So I stayed

    It's not always as easy as that, but i do think its important to know your worth and go in armed with real good reasons why your salary should be increased (not just because you've been there 2 years etc) and what value you can continue bringing to the business.

    Go for it! What is there to lose?
    Sealed Pot Challenge 075
    Pay off by Xmas 2019 #02 - target £10,000
    • efes shareholder
    • By efes shareholder 17th Jan 19, 9:42 AM
    • 470 Posts
    • 1,172 Thanks
    efes shareholder
    Good Luck with the pay situation

    It really depends on how the company work , I've been at my company for 10 years and carried out a couple of roles and was only ever getting standard company rises
    it got quite frustrating to see newcomers arrive and be earning 10% - 20% more then my salary however being familar with the company and how they work I knew I wouldn't achieve more without a change in responsibility or testing my worth

    I started the job search and was offered a couple of roles but I didn't take this to my boss until the offer and the company was one that I was happy to do if playing devils advocate backfired - I took the offer to my boss saying I had been approached by a previous employer and within an hour he had matched what was on the table for me

    It made a massive difference to my attitude towards the company but I knew I had a specialist knowledge that they would struggle to replace so I felt quietly confident knowing the company as I do that they would make a counter offer

    If there are potential cutbacks it may be worth to mention any assurances you have been given regarding an improved package and plant the seed or wait until it has all been finalised and let the dust settle and then make a bigger point about increased work loads and responsibilities
    • mark88man
    • By mark88man 17th Jan 19, 1:27 PM
    • 3,792 Posts
    • 8,671 Thanks
    mark88man
    great posts - and if an accountant can't argue about the importance of the money side of life then we are in a sorry state
    Things happen for a reason. Often the reason is we are stupid & make bad decisions.
    Weight/Health - Fluctuating - better than I was worse than I should be
    End 18: CC:8K@0% - Car Loan:11K@2.8% - Mort:133K@2.1% = £152K
    Decrease in Total Debt 2016:£13.4K 2017:£8.3K 2018:£20K

    • Siouxsie32
    • By Siouxsie32 18th Jan 19, 4:18 AM
    • 1,965 Posts
    • 12,182 Thanks
    Siouxsie32
    Delurking for a minute to say that if you still have sweet potatoes to spare and have the Joe Wicks veggie book, I highly recommend the smokey sweet potato chilli. It says it's a portion for one, but I reckon you'd easily make it into two huge, hearty meals. I divided it into three (trying to give up my piggy ways and lose a few pounds) and it was more than adequate

    Okay, back to my corner to lurk silently....
    Every day I'm hustling
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