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    • Seasidegal58
    • By Seasidegal58 18th Sep 16, 12:27 PM
    • 2,860Posts
    • 18,010Thanks
    Seasidegal58
    Paid off the 31,000! BUT - still scrimping!
    • #1
    • 18th Sep 16, 12:27 PM
    Paid off the 31,000! BUT - still scrimping! 18th Sep 16 at 12:27 PM
    Heres to my new shiny diary now that I am debt free!

    I have finished my previous diary which detailed my debt free journey. This went well for some months I then failed dismally, managed to pull myself together to pay off half then had a lucky windfall which cleared the rest. If you want to have a look its called Scrimping Behind the Scenes with Debt of 31,000! (sorry, I cant manage to get the link to work!).

    In the diary I detailed how I was trying to pay off the debt without alerting the fact to family and friends as I was too embarrassed to let anyone know the extent of my folly!

    I have however decided to carry on scrimping as I have a few retirement issues coming up. One of the things that will make scrimping easier is that I dont have to do this in secret anymore! My reasons for cutting back financially will be out there for friends and family to see which will let some of the pressure off!

    I am now in my early sixties but my State pension will not kick in for another four and a half years. I will not be getting the full whack as I have had contracted out of the second State pension because I was a member of a previous employers final salary scheme. Luckily this pension will take a little of the headache away and I have a couple of small DCB schemes from other employment over the years though these will not amount to much. I am in my current employers company scheme and both they and I pay into this though again its not going to be life changing!

    I calculate that I when I retire my income will be slashed by well over half so to carry scrimping would be a good run up to retirement test for me.

    A big worry is that the firm I work for was recently bought out. I have been through this sort of thing with previous employers. What tends to happen is this:

    1. Big lovey-dovey honeymoon period between new owners and old owners (who have been paid out, but stay on for goodwill).

    2. New owners and old owners start to fall out over the management of the company. The new owners want to run the company their way and old owners think they know better.

    3. Bad feeling hits all round and new owners start to have a people clear out.

    Im rather apprehensive about the possibility of a people clear out because of my age. I think I will be ok as long as my boss is there but unfortunately he is older than me!

    Accordingly, my next scrimpy goal is to fully fund my Emergency Fund. It currently stands at 3,000- but I would like to see it at 10,000 to feel safe. If I can fund it with 1,000 per month (like I did with my debt), I will have 10,000 by end April next year.

    So today is going to be a NSD. I have 26.90 left spending money and 18.33 in the grocery budget till I get paid next Friday.

    So here we go again interesting times!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- 10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 16/04/2019 - 2,903.42
    MONTHS TO RETIREMENT: 25
    My diary: Paid off the 31,000! BUT- still scrimping!
Page 71
    • redofromstart
    • By redofromstart 13th Apr 19, 7:28 PM
    • 2,334 Posts
    • 14,906 Thanks
    redofromstart
    I'm another fan of Fat Rascals.

    How lovely of your boss to share the bonus.
    • Seasidegal58
    • By Seasidegal58 13th Apr 19, 8:38 PM
    • 2,860 Posts
    • 18,010 Thanks
    Seasidegal58
    The DNA could prove interesting, after you have had your spit analysed , what a great job that must be for someone !

    I haven't watched TV for about 3 weeks, I just watch catch up all the time on my tablet !

    Have a lovely lunch tomorrow.
    Originally posted by Sunshine girl2
    Thanks SG2 - no it wouldn't be on my list of jobs to aim for!

    I'm another fan of Fat Rascals.

    How lovely of your boss to share the bonus.
    Originally posted by redofromstart
    Fat Rascals are lush redo! Re the bonus - I did do most of the work on the project, but having said that, he didn't have to give me anything. He's a good old stick really. I know there are some in the firm where their bosses didn't share it out.

    And a result today - thanks to reading about Essex Hebridean's good Sky win on her diary today, I bite the bullet and got my behind in gear to call Sky myself. From 76 per month they've dropped it to 38 per month for 18 months for TV, broadband, line rental, calls etc. And I didn't even need to haggle!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- 10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 16/04/2019 - 2,903.42
    MONTHS TO RETIREMENT: 25
    My diary: Paid off the 31,000! BUT- still scrimping!
    • Sun Addict
    • By Sun Addict 13th Apr 19, 9:11 PM
    • 7,037 Posts
    • 51,077 Thanks
    Sun Addict
    Well done on the Sky deal, that is some saving
    Virtual Sealed Pot 2019 201.59
    Weight loss 7.5/9LBS
    Emergency Fund 3260/10,000
    • milann
    • By milann 15th Apr 19, 11:25 AM
    • 2,406 Posts
    • 13,059 Thanks
    milann
    Wow that sky deal is amazing - well done
    • Barbie61
    • By Barbie61 15th Apr 19, 12:27 PM
    • 20 Posts
    • 19 Thanks
    Barbie61
    Good luck my dear, I am in a very similar position now with only 8 years left of working life and wishing I had sorted my debts out years ago. I am wondering if I should Opt out of this workplace pension which is going to increase this month because every single direct debit increases by the year and I am still paying the same on my DMP because I am too frightened to reduce it. I think they may all take me to court or put the interest back into play if I don't pay them the original amount. So I am like you working out how much food I can afford to eat each month and trying to save pennies towards a flight to see my grandchildren in the USA but it's going to take a long time. I do wish we hadn't all been brainwashed into credit card debt and needing to have material things - my sons and my grandchildren will be much better off because they like many of their generation are eschewing consumerism for much more spiritual lives being with their little ones and making memories that count. Sending much support to you x
    • brizzlegirl
    • By brizzlegirl 15th Apr 19, 12:52 PM
    • 660 Posts
    • 4,459 Thanks
    brizzlegirl
    Nice comments barbie.

    Pleased about the bonus SSG..and the sky deal. Awesome
    MFW..aiming to pay it off in 2022.. 2019 Savings Rate - Goal 40% [ 31% Feb 54% March ] 2019 Income Goal 71/750 April Goals: AFDs 19/25 Decluttering 14/60; LSDs 2/10; NSDs x/10 Exercise in April RT 30k 4/15 12k steps per day pls Aiming to be a true Frugalista!
    • Seasidegal58
    • By Seasidegal58 15th Apr 19, 4:37 PM
    • 2,860 Posts
    • 18,010 Thanks
    Seasidegal58
    Well done on the Sky deal, that is some saving
    Originally posted by Sun Addict
    Wow that sky deal is amazing - well done
    Originally posted by milann
    Nice comments barbie.

    Pleased about the bonus SSG..and the sky deal. Awesome
    Originally posted by brizzlegirl

    Thank you all! I'm so pleased about Sky. Though I think Essex Hebridean had paved the way for me earlier in the day. She argued her way through several Sky operators! I think they must have been exhausted by the time I called and decided to just let me have the discount!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- 10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 16/04/2019 - 2,903.42
    MONTHS TO RETIREMENT: 25
    My diary: Paid off the 31,000! BUT- still scrimping!
    • Seasidegal58
    • By Seasidegal58 15th Apr 19, 4:44 PM
    • 2,860 Posts
    • 18,010 Thanks
    Seasidegal58
    Good luck my dear, I am in a very similar position now with only 8 years left of working life and wishing I had sorted my debts out years ago. I am wondering if I should Opt out of this workplace pension which is going to increase this month because every single direct debit increases by the year and I am still paying the same on my DMP because I am too frightened to reduce it. I think they may all take me to court or put the interest back into play if I don't pay them the original amount. So I am like you working out how much food I can afford to eat each month and trying to save pennies towards a flight to see my grandchildren in the USA but it's going to take a long time. I do wish we hadn't all been brainwashed into credit card debt and needing to have material things - my sons and my grandchildren will be much better off because they like many of their generation are eschewing consumerism for much more spiritual lives being with their little ones and making memories that count. Sending much support to you x
    Originally posted by Barbie61

    Hello Barbie - thank you for your insightful post and good wishes. I think quite a few of us "more mature" posters on this board wish we had sorted out our finances years ago rather than continued on our merry consumer driven path! I would hate to try and add up how much money I have wasted over the years!

    Since I cleared all debts, I feel sometimes that my "Scrimpy" title has become rather a misnomer - maybe it should be retitled to reflect that rather than "scrimping," I am merely "budgeting" more efficiently these days. Because I currently have a well-paid job, plus a good emergency fund, I don't have to worry about not being able to pay my bills (I have very low outgoings on the non-discretionary spending front) and I am still managing to put a goodly amount into my pension each month.

    I'm sorry to hear that you are so worried about your DMP and the fact that you will now be expected to put extra into your workplace pension. Perhaps you could discuss this with your HR department at work. I'm not fully conversant with how it works in great depth, but if you do opt out then I think that the pension will just be deferred and sit there till you retire you may also be able to take a break from the contributions and then add to the pension again later when your financial position improves. Plus, there are quite a few very helpful, knowledgeable people on the Pensions and Annuities board who may be able to give you some advice.

    I do hope things ease up for you moneywise and you manage to fund your flights to see your family. The positive is that your sons and grandchildren are living their lives without resourcing to "things" that they, like so many people out there, think will make them happier (like a lot of us have here), but in the big picture just leech away at your future happiness and security.

    You could always start a diary on the board I find it helpful to record things and there's plenty of lovely people here that would cheer you on your way and lend support!

    Good luck!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- 10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 16/04/2019 - 2,903.42
    MONTHS TO RETIREMENT: 25
    My diary: Paid off the 31,000! BUT- still scrimping!
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 15th Apr 19, 7:33 PM
    • 8,923 Posts
    • 69,571 Thanks
    HairyHandofDartmoor
    Well done on negotiating the Sky reduction, all for the sake of a phone call .

    You've worked hard all you life SSG, you've got no debts, no mortgage, savings and a good pension, so you deserve a little frittering IMHO .
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = 58,766 DEBT FREE 31 OCTOBER 2017
    NEW GOALS - Build Emergency Fund & Loss of Income Fund. Save for house repairs.
    EMERGENCY FUND 1 = 4,005. EMERGENCY FUND 2 = 1,505.
    Goal - buy 50 worth of Premium Bonds per month = 50
    • doingitanyway
    • By doingitanyway 15th Apr 19, 7:57 PM
    • 4,228 Posts
    • 25,568 Thanks
    doingitanyway
    Great news re Sky and the bonus. Well done you
    Target by end of Aug goal: 500/4000
    Car costs savings: 275
    • Seasidegal58
    • By Seasidegal58 16th Apr 19, 12:58 PM
    • 2,860 Posts
    • 18,010 Thanks
    Seasidegal58
    Thanks Hairy and doingitanyway!

    I've decided to increase my monthly pension payment by 38, which is what I have saved with the Sky discount.

    END OF SCRIMPY WEEK 3 APRIL

    I've done much better this week with the Ad Hoc Spends taking into account my coffees yesterday (5.10), I've only spent 12.70 all week. Including my topcashback payment of 4.20,I have winged 91.50 to go into Ad Hoc Savings (i.e. the flat renovation pot)!

    I met up with my friend on Sunday for her birthday lunch that I was getting her for a present. We had a good old natter and put the world to rights. We went to a local Italian restaurant where the food is always good. Her half of the bill came out of the Gifts pot and my bit from the Entertainment pot (which is very low now!). Afterwards, we went back to her house for coffee and I saw her little boy. He's very cute and forward for his age they are having an extension built and he took me round on a guided tour and showed me what was going to done! He also told me that they were going have new towels in the downstairs shower room he seemed to be impressed by this more than anything else they were doing!

    Weight: I lost another half a pound So far I've dropped 1 stone 9lb in total, which is better than nothing, but I feel that I really should have lost more than that by now. I have managed to get into the clothes that were at the smaller end of my current size, but the next size down still feels rather tight so I am going to perservere. My willpower goes to pot when socialise and eat out
    Finally Debt Free! - July 2016
    Finished Emergency Fund- 10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 16/04/2019 - 2,903.42
    MONTHS TO RETIREMENT: 25
    My diary: Paid off the 31,000! BUT- still scrimping!
    • Seasidegal58
    • By Seasidegal58 17th Apr 19, 12:37 PM
    • 2,860 Posts
    • 18,010 Thanks
    Seasidegal58
    SCRIMPY WEEK 4 APRIL

    So - I have 100 Ad Hoc Spends this week the last week of the month before payday next Thursday.

    I'm out with my girlfriends on Saturday night it's to celebrate my forthcoming birthday, but not on my actual birthday it was the only night we could get together for a bit. We're trying out a new local Italian restaurant with a cocktail bar which has had good reviews.

    If the weather is good at the weekend I'll probably go down to the seafront for a drink on the Monday, although it's usually jammed on Easter Monday whatever the weather!

    I'm also getting going on my seasonal clothes/shoes swap at the weekend I was going to do it last weekend but the chilly weather put me right off! Anything redundant will go to the dress agency or charity shop.

    Nothing spent today Ad Hoc wise I'm continuing to be good at bringing my lunches in and also using my coffee pods in work. When I bought my lunchtime coffees in Pret for me and my friend the other day, the girl serving me remarked that she doesn't see me much anymore. I said that since the pod machine in work arrived my coffees are costing me c.35p per cup instead of 2.55! She quite understood where I was coming from!

    I did top up on my toiletries though and I've gone back to using my Clinique oil free foundation. I swapped it for the Boots No 7 version which was cheaper and started out ok, but it didn't last half as long as the Clinique and also ended up feeling a bit chalky. I then swapped to Max Factor's version, but I've given up half-way through with this one as it doesn't last half as long as the Clinique and the coverage isn't as good. I've come to the conclusion that you get what you pay for with foundation at least me and my skin do anyway!



    Finally Debt Free! - July 2016
    Finished Emergency Fund- 10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 16/04/2019 - 2,903.42
    MONTHS TO RETIREMENT: 25
    My diary: Paid off the 31,000! BUT- still scrimping!
    • milann
    • By milann 17th Apr 19, 1:11 PM
    • 2,406 Posts
    • 13,059 Thanks
    milann
    Enjoy your night out with the girls for your birthday.
    Everything sounds good
    Have a lovely Easter
    • Seasidegal58
    • By Seasidegal58 17th Apr 19, 7:19 PM
    • 2,860 Posts
    • 18,010 Thanks
    Seasidegal58
    Thanks milann. Hope you have a good one too!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- 10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 16/04/2019 - 2,903.42
    MONTHS TO RETIREMENT: 25
    My diary: Paid off the 31,000! BUT- still scrimping!
    • Sun Addict
    • By Sun Addict 17th Apr 19, 7:34 PM
    • 7,037 Posts
    • 51,077 Thanks
    Sun Addict
    I think you strike a good balance between saving and enjoying yourself. I use Mr S Taste the Difference coffee bags, can highly recommend, the coffee is really good and at 2.65 for 10 bags far cheaper than a takeaway. I've tried loads of foundations and now only use L'Oreal CC cream in green. It makes your skin look amazing, Unfortunately it's often out of stock as everyone else must think the same.

    Enjoy your night out and have a fab Easter xx
    Virtual Sealed Pot 2019 201.59
    Weight loss 7.5/9LBS
    Emergency Fund 3260/10,000
    • Sunshine girl2
    • By Sunshine girl2 18th Apr 19, 7:57 PM
    • 59 Posts
    • 327 Thanks
    Sunshine girl2
    Sounds like a busy but enjoyable weekend for you SSG . Have a great night out with your friends , Happy Easter to you.
    • doingitanyway
    • By doingitanyway 19th Apr 19, 7:59 AM
    • 4,228 Posts
    • 25,568 Thanks
    doingitanyway
    Hi SSG, I totally agree with your comments re foundation. I have wasted money buying cheaper when i should have just bought what I needed. I will buying what I need next time!

    Well done with coffee savings
    Target by end of Aug goal: 500/4000
    Car costs savings: 275
    • brizzlegirl
    • By brizzlegirl 19th Apr 19, 8:15 AM
    • 660 Posts
    • 4,459 Thanks
    brizzlegirl
    Good advice on coffee and foundation..I love these boards thanks ladies, have a great weekend xxx
    MFW..aiming to pay it off in 2022.. 2019 Savings Rate - Goal 40% [ 31% Feb 54% March ] 2019 Income Goal 71/750 April Goals: AFDs 19/25 Decluttering 14/60; LSDs 2/10; NSDs x/10 Exercise in April RT 30k 4/15 12k steps per day pls Aiming to be a true Frugalista!
    • Seasidegal58
    • By Seasidegal58 19th Apr 19, 10:43 AM
    • 2,860 Posts
    • 18,010 Thanks
    Seasidegal58
    I think you strike a good balance between saving and enjoying yourself. I use Mr S Taste the Difference coffee bags, can highly recommend, the coffee is really good and at 2.65 for 10 bags far cheaper than a takeaway. I've tried loads of foundations and now only use L'Oreal CC cream in green. It makes your skin look amazing, Unfortunately it's often out of stock as everyone else must think the same.

    Enjoy your night out and have a fab Easter xx
    Originally posted by Sun Addict
    That's a good bargain on the coffee SA. I have an old-style cafetire at home and use Taylor's Lazy Sunday ground coffee. It's not the cheapest out there but it's my favourite - after trying others I always came back to it so I stick with it. It's all about finding what you like.

    Sounds like a busy but enjoyable weekend for you SSG . Have a great night out with your friends , Happy Easter to you.
    Originally posted by Sunshine girl2
    Thanks Sunshine. Enjoy your Scottish break!

    Hi SSG, I totally agree with your comments re foundation. I have wasted money buying cheaper when i should have just bought what I needed. I will buying what I need next time!

    Well done with coffee savings
    Originally posted by doingitanyway
    Thanks Doingitanyway. I think I've cracked it now on my make up. I find I splurge a bit on foundation, powder, mascara and cream eye shadow as these are best for me. But I buy Bourjois powder blusher and No 7 powder eyeshadow as these work perfectly well. I go cheaper on lipsticks as well - I chop and change with these but always towards the cheaper end of brands as I haven't found that much difference in colour and wearability between them and the more high end products.

    And my days of buying hoards of make up is well and truly over! This used to cost a bundle in the bad old days of debt! The thing about getting older is finally finding out that you don't have to follow the hype - and tons of make up isn't going to make you look that much younger!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- 10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 16/04/2019 - 2,903.42
    MONTHS TO RETIREMENT: 25
    My diary: Paid off the 31,000! BUT- still scrimping!
    • Seasidegal58
    • By Seasidegal58 19th Apr 19, 10:46 AM
    • 2,860 Posts
    • 18,010 Thanks
    Seasidegal58
    Good advice on coffee and foundation..I love these boards thanks ladies, have a great weekend xxx
    Originally posted by brizzlegirl
    I have found out so much that I didn't know through these boards brizzle. It's a wonderful space.

    You have a good one as well. Hope you get out for a run or bike ride as the weather is so gorgeous at the moment.
    Finally Debt Free! - July 2016
    Finished Emergency Fund- 10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 16/04/2019 - 2,903.42
    MONTHS TO RETIREMENT: 25
    My diary: Paid off the 31,000! BUT- still scrimping!
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