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  • FIRST POST
    • crunch_time
    • By crunch_time 23rd Oct 16, 8:22 PM
    • 1,126Posts
    • 3,358Thanks
    crunch_time
    Learning to budget to make future adventures happen
    • #1
    • 23rd Oct 16, 8:22 PM
    Learning to budget to make future adventures happen 23rd Oct 16 at 8:22 PM
    Evening everyone!

    I've decided its time for a new diary after sort of losing steam with my old one.

    In September 2013 our debt peaked at £29k. With some luck, a vague budget, changing priorities (kids), and some significant salary increases we have now got it down to circa £13-14k.

    I have learned lots during the process but the thing that I feel is holding us back is our inability to stick to a budget (or, more accurately, create a realistic budget).

    So basically the grand plan is to smash this 'debt hangover' as the hubs and I call I, as soon as possible so we can start using the money we currently use to pay it off for the adventures we have been planning pretty much all our adult lives. And also the things we should be doing at our age to be financially savvy like overpay the mortgage, contribute more into pension pots etc etc.

    I love the support from the wonderful people on this forum and look forward to sharing this adventure with you all!

    More info to follow!

    Crunchy
    LBM 16/6/14 £23,555 Paid off April 2017!! Debt as of 19/6/2018 vs Now!£12,205/£12,205
    HSBC CC Me 0% - £2024/£1894 Sains CC Husband 0% - £4177/£3927
    Sains CC me 0% - £4784/£4784
    Overdraft - £1100/£1100
    Husbands HSBC £500/£500
Page 30
    • crunch_time
    • By crunch_time 29th Dec 17, 7:08 PM
    • 1,126 Posts
    • 3,358 Thanks
    crunch_time
    Dog walking also helps control spending.

    Glad youíve got a plan now. Do you feel better having it written down and something concrete to aim for? X
    Originally posted by Nicnak
    Yes I do niknak although I have only written it down here and not anywhere else and I keep forgetting to scroll back and see what I have written previously so sorry if I keep jumping around. I donít feel I have got myself organised yet at all this Christmas. I wanted to hit the ground running in January. I feel I need to get my head in the right place which is to stop worrying and start living my own life. Clearly I have some issues!!!

    Crunchy xx
    LBM 16/6/14 £23,555 Paid off April 2017!! Debt as of 19/6/2018 vs Now!£12,205/£12,205
    HSBC CC Me 0% - £2024/£1894 Sains CC Husband 0% - £4177/£3927
    Sains CC me 0% - £4784/£4784
    Overdraft - £1100/£1100
    Husbands HSBC £500/£500
    • Nicnak
    • By Nicnak 29th Dec 17, 10:05 PM
    • 923 Posts
    • 5,165 Thanks
    Nicnak
    I'm going to get sorted when little one is back in school, and I am still off. Going to mark the mock papers, and then set out my diary and planning. x
    September 6th 2017 - Updated 13th May 2018
    Credit Card £0 now: £0 Tesco Loan £7500 = £0 Consolidation £15,000 = £13,855 Total = £25,330 £13,855 43% gone EMF #252 = £700/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #71
    • crunch_time
    • By crunch_time 31st Dec 17, 11:47 AM
    • 1,126 Posts
    • 3,358 Thanks
    crunch_time
    2018 - The year of the scenic route
    Morning all!

    After lots of plan chatting with the husband last night, we have decided our definite plan for 2018.

    1) Savings: £3340 - stays as it is. The £100 a month I originally planned will be needed to pay for the bits we need for the house.
    2) Monthly children's savings (£91) will be rounded up to £100 and will be paused for a year to pay off the furniture and curtains etc for the new house that is currently on my credit card.
    3) Husbands credit card will stay on £100 minimum payment
    4) We will continue to slush money into the holiday pot.

    The plan to pay off the credit cards is as follows:

    Totals How to pay back?
    My credit card:

    Holidays £1,086.00 My £70 min payment
    Spending money £269.00
    Furniture £1,010.00 Children's savings
    Food £458.00
    Fuel £240.00
    Husbands credit card
    New business £2,044.00 From new business earnings
    Moving costs £652.00 After other carp paid off
    Other carp £1,432.00 Minimum payment - Husbands
    DIY £341.00 After other carp paid off

    £7,532.00

    I won't worry about the food and fuel and spending money overspends at the moment. They will be at 0% so don't need to think about it for a while. Husbands credit card will be paid off in about 2 years with his minimum payment. At that point, we will start overpaying the mortgage so it's good practice to get used to not having that extra £100.

    It will take the year to pay off the furniture and then we can restart the children's savings again. Once I start earning I can speed up paying off the holidays and then the £70 a month can go towards paying off the other bits. That £70 could then go towards the mortgage as well.

    So it will probably take us 2 years to clear it AND I AM OK ABOUT THIS!! This is the lovely scenic route. And I'm going to try and just post weekly with our progress so that I don't get too distracted with all the other things I want to do with this life.

    Total debt as it stands today is...

    £7532

    So not far off my estimate!

    Happy New Year everyone!

    Crunchy xx
    LBM 16/6/14 £23,555 Paid off April 2017!! Debt as of 19/6/2018 vs Now!£12,205/£12,205
    HSBC CC Me 0% - £2024/£1894 Sains CC Husband 0% - £4177/£3927
    Sains CC me 0% - £4784/£4784
    Overdraft - £1100/£1100
    Husbands HSBC £500/£500
    • Seasidegal58
    • By Seasidegal58 31st Dec 17, 3:32 PM
    • 1,993 Posts
    • 12,263 Thanks
    Seasidegal58
    Hereís to your scenic route crunchy! That was my road to the end of debt as well. What ever gets you there and works for you.

    Looking forward to your weekly postings and a happy new year to you and your family and a prosperous 2018!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 23/06/2018: £665.09
    MONTHS TO RETIREMENT: 35!
    My diary: ďPaid off the £31,0000! BUT- still scrimping!Ē
    • mummytogirls
    • By mummytogirls 1st Jan 18, 10:31 AM
    • 6,183 Posts
    • 22,714 Thanks
    mummytogirls
    Happy New Year Crunchy xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £5419.83 - 08/04/18 - 76.61% paid off
    • crunch_time
    • By crunch_time 3rd Jan 18, 9:26 AM
    • 1,126 Posts
    • 3,358 Thanks
    crunch_time
    Morning all!

    I would be at school right now but I am not - Hurrah! Instead, I have spent the morning working on a few blog posts. Already I feel miles less stressed and exhausted than I was.

    DD's nursery bill came in £13 under budget so I have slushed that into the holiday fund. Which now stands at £34.22!!

    I have also been struggling to find a place to store some of my (self-help type) books in my study until I can afford some shelves or a bookcase so I decided to see what they were worth on music magpie after previous successes and I'm looking at about £18! Husband is going to look through his books too but he wants the money to buy another book which is fair enough. The self-help books are from last year when I was doing a lot of soul-searching so I feel I am done with them and am ready to move onto the next stage of life.

    We have invested in a chest freezer (now we have an outbuilding to put it in) and some more tupperware to help with batch cooking. It arrives today!!

    I was feeling very stressed when I wrote about only posting once a week. Since focussing on the positives rather than the negatives and getting 2017 behind us, I feel so much better and am not even thinking about the debt we have in a negative way at all. So maybe I will feel able to post more than once a week! Taking things day by day will definitely help so I don't feel overwhelmed looking too far into the future.

    It's the last day of the school holidays today so I am planning a lovely day with the kids. DS wants to make books and we shall do some baking too. I will need to pop to the post office and to get petrol too but otherwise will stay at home.

    Onwards and upwards!!

    Crunchy xx
    LBM 16/6/14 £23,555 Paid off April 2017!! Debt as of 19/6/2018 vs Now!£12,205/£12,205
    HSBC CC Me 0% - £2024/£1894 Sains CC Husband 0% - £4177/£3927
    Sains CC me 0% - £4784/£4784
    Overdraft - £1100/£1100
    Husbands HSBC £500/£500
    • Nicnak
    • By Nicnak 3rd Jan 18, 12:16 PM
    • 923 Posts
    • 5,165 Thanks
    Nicnak
    Happy New Year,
    You write so much more upbeat x
    September 6th 2017 - Updated 13th May 2018
    Credit Card £0 now: £0 Tesco Loan £7500 = £0 Consolidation £15,000 = £13,855 Total = £25,330 £13,855 43% gone EMF #252 = £700/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #71
    • crunch_time
    • By crunch_time 4th Jan 18, 8:51 PM
    • 1,126 Posts
    • 3,358 Thanks
    crunch_time
    Happy New Year,
    You write so much more upbeat x
    Originally posted by Nicnak
    I do feel so much more upbeat since I decided to stop worrying about it and embrace it! Perhaps that is the secret after all these years!

    I have also made a secret payment of £50 into a savings account to start saving for a foreign adventure next year. If I can do this every month then it will keep me motivated to stay within our means and not get too ahead of ourselves. I feel the switch in me already.

    Husband won't be cross but the more money he thinks we have the more money he will think we have to spend on home improvements. E.g. He wants to tile the bathroom floors for circa £600. We visited a friend a week or so ago who had lino in hers which looked lovely. I mentioned it and he said he would consider it. It's slow baby steps with him. Whoever suggested lino a few weeks back on here - thank you for sowing that seed.

    He still desperately wants a soundbar. I'm going to tell him that he can if he saves up his £50 a month pocket money and doesn't spend it on carp when he is out and about!!

    I've been working on changing all the addresses for our bills and it just so happens that our Home insurance and pet insurance are up for renewal this month. So I have managed to reduce the home insurance from £28 a month to £11. And then paying it annually (which we have never felt able to do before) saved me another £20. I reduced our pet insurance by about £4 per month and then saved another £26 for paying it annually. I used the £750 for oil and swimming lessons to pay for it and am planning to pay £20 in a month from the joint account to save up for next year but I will need to keep an eye on the pot and top it up in a few months time once the next oil and swimming lessons go out. £20 a month is fine for now and keeps things smaller. All charity direct debits (£25 a month) have now been cancelled for the time being until I am earning my own money again. Even with the £20 a month going out for bills I have managed to cut the monthly amount needed for bills to £1710 from £1760. I may need to change that again as I still don't know how much my water or electricity will cost per month as the new accounts haven't been set up yet. I shall chase tomorrow.

    Husbands £2000 has been switched over to the 0% now and my paperwork has come through about my 0% so slowly we are getting there.

    Must, must, must start putting the pile to sell on bay of e!!

    Crunchy x
    LBM 16/6/14 £23,555 Paid off April 2017!! Debt as of 19/6/2018 vs Now!£12,205/£12,205
    HSBC CC Me 0% - £2024/£1894 Sains CC Husband 0% - £4177/£3927
    Sains CC me 0% - £4784/£4784
    Overdraft - £1100/£1100
    Husbands HSBC £500/£500
    • Seasidegal58
    • By Seasidegal58 4th Jan 18, 10:20 PM
    • 1,993 Posts
    • 12,263 Thanks
    Seasidegal58
    How lovely not to have to go into work! All your bills sound like they are falling into place very nicely as well.

    The adventure trip money is a very good idea but donít let OH know in case he wants the soundbar!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 23/06/2018: £665.09
    MONTHS TO RETIREMENT: 35!
    My diary: ďPaid off the £31,0000! BUT- still scrimping!Ē
    • crunch_time
    • By crunch_time 5th Jan 18, 6:50 AM
    • 1,126 Posts
    • 3,358 Thanks
    crunch_time
    Morning diary!

    Husband commented last night that he feels he is getting the old me back. Bless him.

    It!!!8217;s worth noting as well that both children were complaining of tummy aches last night and I didn!!!8217;t go into immediate panic about juggling teaching and childcare.

    All my course information has come through and it looks like it!!!8217;s going to be a busy 6 months!! I!!!8217;m very excited about the content and what learning about it is going to do for my career going forward.

    Dd is at nursery this morning so I have a couple of hours to myself. I!!!8217;m planning to walk the dog and then plough through the paperwork. Food shop this afternoon and then relax and play with the children.

    That!!!8217;s what this is all about.

    Crunchy x
    LBM 16/6/14 £23,555 Paid off April 2017!! Debt as of 19/6/2018 vs Now!£12,205/£12,205
    HSBC CC Me 0% - £2024/£1894 Sains CC Husband 0% - £4177/£3927
    Sains CC me 0% - £4784/£4784
    Overdraft - £1100/£1100
    Husbands HSBC £500/£500
    • Nicnak
    • By Nicnak 5th Jan 18, 6:50 PM
    • 923 Posts
    • 5,165 Thanks
    Nicnak
    Morning diary!

    Husband commented last night that he feels he is getting the old me back. Bless him.

    Itís worth noting as well that both children were complaining of tummy aches last night and I didnít go into immediate panic about juggling teaching and childcare.

    All my course information has come through and it looks like itís going to be a busy 6 months!! Iím very excited about the content and what learning about it is going to do for my career going forward.

    Dd is at nursery this morning so I have a couple of hours to myself. Iím planning to walk the dog and then plough through the paperwork. Food shop this afternoon and then relax and play with the children.

    Thatís what this is all about.

    Crunchy x
    Originally posted by crunch_time
    I'm so jealous! Childminder declared she was having a holiday at the end of October again, and I went into melt down mode again!
    September 6th 2017 - Updated 13th May 2018
    Credit Card £0 now: £0 Tesco Loan £7500 = £0 Consolidation £15,000 = £13,855 Total = £25,330 £13,855 43% gone EMF #252 = £700/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #71
    • crunch_time
    • By crunch_time 6th Jan 18, 7:44 AM
    • 1,126 Posts
    • 3,358 Thanks
    crunch_time
    I'm so jealous! Childminder declared she was having a holiday at the end of October again, and I went into melt down mode again!
    Originally posted by Nicnak
    How frustrating! My sister uses a childminder and has complained before how she takes holidays and then my sister still has to pay her!
    I know itís all part of the system but it must be so frustrating!
    LBM 16/6/14 £23,555 Paid off April 2017!! Debt as of 19/6/2018 vs Now!£12,205/£12,205
    HSBC CC Me 0% - £2024/£1894 Sains CC Husband 0% - £4177/£3927
    Sains CC me 0% - £4784/£4784
    Overdraft - £1100/£1100
    Husbands HSBC £500/£500
    • crunch_time
    • By crunch_time 6th Jan 18, 6:14 PM
    • 1,126 Posts
    • 3,358 Thanks
    crunch_time
    Evening all

    Dd has had awful tantrums all day and I!!!8217;ve found it really hard not to succumb to buying a bottle of wine for tonight to !!!8216;reward!!!8217; myself for getting through it. Husband has kept me in check and I have just transferred the money I would have spent into the secret foreign holiday fund. £7. This could be very motivating. I don!!!8217;t need the wine and want to lose weight and want a foreign holiday next year so it!!!8217;s all going in the right direction!

    Crunchy xx
    LBM 16/6/14 £23,555 Paid off April 2017!! Debt as of 19/6/2018 vs Now!£12,205/£12,205
    HSBC CC Me 0% - £2024/£1894 Sains CC Husband 0% - £4177/£3927
    Sains CC me 0% - £4784/£4784
    Overdraft - £1100/£1100
    Husbands HSBC £500/£500
    • barnsleylass83
    • By barnsleylass83 6th Jan 18, 9:22 PM
    • 36 Posts
    • 103 Thanks
    barnsleylass83
    I like this idea, I think it may help us realise just how much we do spend on the odd takeaway and bottle of wine. The little ones can be very trying at times cant they!!
    Credit card- £36/305
    2 pound coin-£8.00
    Loan- £5000/13000
    Determined
    • Nicnak
    • By Nicnak 7th Jan 18, 8:55 AM
    • 923 Posts
    • 5,165 Thanks
    Nicnak
    That's fab. I think I would have given in and gone for the wine, but the odd £7 will soon add up for your fund,
    September 6th 2017 - Updated 13th May 2018
    Credit Card £0 now: £0 Tesco Loan £7500 = £0 Consolidation £15,000 = £13,855 Total = £25,330 £13,855 43% gone EMF #252 = £700/£1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #71
    • crunch_time
    • By crunch_time 7th Jan 18, 12:21 PM
    • 1,126 Posts
    • 3,358 Thanks
    crunch_time
    That's fab. I think I would have given in and gone for the wine, but the odd £7 will soon add up for your fund,
    Originally posted by Nicnak
    Yes - if I manage to go a whole year without a £7 bottle of wine then I can save £364!! I hoping this attitude will stop me choosing things that aren't really for me in favour of choosing things that are. I choose to travel over spending £7 to take the edge off a tricky day of parenting.

    I'm going to try and do the same with magazines that I don't need or get the time to read anyway. Hopefully, this will all add up and give me what I actually want.
    LBM 16/6/14 £23,555 Paid off April 2017!! Debt as of 19/6/2018 vs Now!£12,205/£12,205
    HSBC CC Me 0% - £2024/£1894 Sains CC Husband 0% - £4177/£3927
    Sains CC me 0% - £4784/£4784
    Overdraft - £1100/£1100
    Husbands HSBC £500/£500
    • crunch_time
    • By crunch_time 7th Jan 18, 12:26 PM
    • 1,126 Posts
    • 3,358 Thanks
    crunch_time
    I've amended my signature as we have had husbands credit card statement through with the new balance transfer on it. With the fee it now stands at £4579 and mine stands at £3035 after I rang up for a figure. This means I am now at £7614 which is higher than I predicted but sometimes you need to go upwards to go downwards. Some of the credit card balance is now going accrue interest so husband needs to ring up and find out how much so I can transfer it to mine when I get my card.

    Crunchy x
    LBM 16/6/14 £23,555 Paid off April 2017!! Debt as of 19/6/2018 vs Now!£12,205/£12,205
    HSBC CC Me 0% - £2024/£1894 Sains CC Husband 0% - £4177/£3927
    Sains CC me 0% - £4784/£4784
    Overdraft - £1100/£1100
    Husbands HSBC £500/£500
    • Seasidegal58
    • By Seasidegal58 7th Jan 18, 7:27 PM
    • 1,993 Posts
    • 12,263 Thanks
    Seasidegal58
    Yes - if I manage to go a whole year without a £7 bottle of wine then I can save £364!! I hoping this attitude will stop me choosing things that aren't really for me in favour of choosing things that are. I choose to travel over spending £7 to take the edge off a tricky day of parenting.

    I'm going to try and do the same with magazines that I don't need or get the time to read anyway. Hopefully, this will all add up and give me what I actually want.
    Originally posted by crunch_time
    Thatís a really good idea crunchy. I used to buy quite a few different magazines a few years ago. When I started debt busting I stopped and found you could go online to read them instead for free. And I wasnít reading most of them anyway when I did buy them. I do get two now but these are through subscriptions that I received as presents.
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 23/06/2018: £665.09
    MONTHS TO RETIREMENT: 35!
    My diary: ďPaid off the £31,0000! BUT- still scrimping!Ē
    • crunch_time
    • By crunch_time 8th Jan 18, 5:58 AM
    • 1,126 Posts
    • 3,358 Thanks
    crunch_time
    Thatís a really good idea crunchy. I used to buy quite a few different magazines a few years ago. When I started debt busting I stopped and found you could go online to read them instead for free. And I wasnít reading most of them anyway when I did buy them. I do get two now but these are through subscriptions that I received as presents.
    Originally posted by Seasidegal58
    If I go a while year without my usual magazine (£4.95) then that nearly another £60. Iím going to allow myself to buy it only if most of the articles reasonaye with me. I do rip out useful articles and keep them and have done this for over ten years. In fact I have a whole folder full of them and they are all categorised!! Perhaps looking for info online would be better - or getting a subscription.
    LBM 16/6/14 £23,555 Paid off April 2017!! Debt as of 19/6/2018 vs Now!£12,205/£12,205
    HSBC CC Me 0% - £2024/£1894 Sains CC Husband 0% - £4177/£3927
    Sains CC me 0% - £4784/£4784
    Overdraft - £1100/£1100
    Husbands HSBC £500/£500
    • crunch_time
    • By crunch_time 8th Jan 18, 6:07 AM
    • 1,126 Posts
    • 3,358 Thanks
    crunch_time
    Morning diary,

    It!!!8217;s hitting me today that I!!!8217;m not going to be a teacher anymore. I still have set my alarm early but I!!!8217;m currently dressed in my work out clothes and going to squeeze in a 30 min workout before breakfast.

    My course starts today so I will have lots of things to read online and of course will need to plough through the changes of address that I still haven!!!8217;t finished.

    I!!!8217;m very proud of myself for my alcohol free weekend! I can!!!8217;t temember the last time I went a week without booze. I read a few blogs on the subject last night and I!!!8217;d like to see if I can go a whole year without it. But I!!!8217;m going to do January first. Actually transferring the money has helped in a big way.

    It!!!8217;s not like my drinking saw me trollers every night but in a week husband and I would plough through 1-2 bottles of wine and some beers on my Friday (Wednesday) and we really didn!!!8217;t need it. I would often get alcohol to be my companion of an evening when husband was away. That makes me feel sad now. I must have been unhappy.

    Crunchy x
    LBM 16/6/14 £23,555 Paid off April 2017!! Debt as of 19/6/2018 vs Now!£12,205/£12,205
    HSBC CC Me 0% - £2024/£1894 Sains CC Husband 0% - £4177/£3927
    Sains CC me 0% - £4784/£4784
    Overdraft - £1100/£1100
    Husbands HSBC £500/£500
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