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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 31
    • crunch_time
    • By crunch_time 8th Jan 18, 2:43 PM
    • 1,126 Posts
    • 3,358 Thanks
    crunch_time
    Just popping in to say DS's last after-school club bill was £3 less than expected so ramping up the holiday fund to £37.22!!

    The National Grid need to register the meter in our name and this property so I won't be paying for electricity for a while. I'm going to tuck the money away into the household bills account for now. We won't have to pay a big lump sum for the back pay but it makes sense to save it just in case.

    After getting used to oil central heating for the last two months and realizing we will be spending more money on oil than we would like to, husband has reduced the amount it is on and set different times so we shall see how that helps. The current prediction is £74 per month - on top of electricity!!!!!! Must get that down...... and wear the slippers more.

    Right - must get ready for the school/nursery run!

    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
    • crunch_time
    • By crunch_time 10th Jan 18, 3:17 PM
    • 1,126 Posts
    • 3,358 Thanks
    crunch_time
    Afternoon diary!

    We ended up in a and e yesterday afternoon as one of the children had a minor accident but needed to be checked out. They are fine but we had to get some dinner on the way home as we were late back and hadnít cooked the planned dinner of course. I was interested at how we dealt with the choices on offer. I initially suggested to go to the pub on the way home which a) we couldnít afford and b) would have meant a much later night than we actually had. Then husband suggested fish and chips which I dismissed as I had waffles and fish fingers in the freezer and had just done a big food shop. So we ended up going to the m&s garage and bought dessert, and then a ready meal each for the husband and I as well as some beers to calm our nerves after the stress. Children had fish fingers and waffles as planned.

    We really didnít need any of it and it made me realise how much when we have mini disasters we spend money on solving it rather than gripping on tight and riding it out and thinking creatively. I realised too that I often get very stressed with the children when things arenít going smoothly and can be quite harsh on them. Husband said recently that this is normal and this is our life. So Iím realised today that I just need to deal with it and stop hoping that it will Ďget betterí etc.

    I felt anxious about the debt again and worried that Iím not earning to pay it off. So I read through my money Pinterest board for some inspiration and found some Dave Ramsey quotes that have helped me get everything into perspective.... and they have.

    Iíve decided itís pointless to save for a foreign holiday when we have other stuff to deal with right now. The £50 has paid off some bits left on the husbands old hsbc card and the £7 from no wine last weekend has paid off £7 from the food overspends from last year. Thatís what I will do going forward. But not having things this year that I did last year and put on credit I will manage to pay off this debt. And then not get into anymore debt going forward.

    Iím going to make a list of everything we want to do this year and then whittle it down to what we need to do and then cost it all up.

    Sorry for the rambling post but I feel I needed to get my thoughts down

    I havenít been able to do much today because of poorly ish child but I did get my massive ironing pile done and ironed the e bay stuff ready to put on tonight. Planning an evening of organising.

    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 11th Jan 18, 7:24 PM
    • 923 Posts
    • 5,165 Thanks
    Nicnak
    Sorry you ended up in a and e. It can be quite scary when that happens.

    I like your idea of writing it all down and deciding what is needed and necessary. It's a good way of cutting costs.

    We have been giving in to takeaway a little too much recently. I'm sure the kids enjoyed fish finger and waffles. 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
    • Seasidegal58
    • By Seasidegal58 13th Jan 18, 8:20 PM
    • 1,993 Posts
    • 12,263 Thanks
    Seasidegal58
    Hope your little one is feeling back to normal crunchy.

    Dave Ramsey is very good on quotes that tell it like it is! Just the thing when the financial wobbles happen!
    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 16th Jan 18, 7:17 AM
    • 1,126 Posts
    • 3,358 Thanks
    crunch_time
    Morning diary,

    I!!!8217;ve upgraded my phone as I need one with more storage due to my new work. It!!!8217;s an extra £10 a month which is fine. Husband said I wouldn!!!8217;t get much in music magpie for my old phone so I very much enjoyed telling him I would get £94!!!!

    I!!!8217;m still working on my essential spends for 2018 list but I know that we need to do the garden this spring which will cost about £1500 according to husbands initial estimates so this will go a long way towards that. I know I should really put it towards the holiday and I still might we just need to get through the rest of January..

    Just under 2 weeks until pay day!!

    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
    • theroamingnomad
    • By theroamingnomad 16th Jan 18, 7:48 AM
    • 115 Posts
    • 124 Thanks
    theroamingnomad
    Hi Crunchy!

    I've just read through your diary and wanted to commend you on having a plan and modifying it when things change. I wish you well on your adventure and will be following with interest
    Debt-free by January 1st, 2019.
    £4905.87/£5124 - as of 24/03/18
    • Seasidegal58
    • By Seasidegal58 18th Jan 18, 8:27 PM
    • 1,993 Posts
    • 12,263 Thanks
    Seasidegal58
    Well done on the phone!
    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
    • Nicnak
    • By Nicnak 21st Jan 18, 7:15 AM
    • 923 Posts
    • 5,165 Thanks
    Nicnak
    Fab about the phone. I guess if you put it over the months you will be paying it adds up to less than £10 a month.

    How's the new business going? 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
    • JoJoC
    • By JoJoC 22nd Jan 18, 11:30 AM
    • 1,183 Posts
    • 6,822 Thanks
    JoJoC
    Great work on the phone - both my husband and I are trading in our old phones (just waiting on the cash to clear) and we are getting £85 each returned to us. That's paying for the accommodation for a trip that we have in the summer

    How are things going with your new business venture?
    CC1: £4481.14/ £5031.14 (12% paid off, £600) | CC2:£3307/ £3807 (14.4% paid off, £550) | Loan: £10,528.20/ £15,792.30((33% paid off, £5,264))

    July debt total: £24,630.44 | New debt total: £18,316.34 | Total debt paid: £6,414.10 (26%)
    *My debt busting and savings diary*
    • crunch_time
    • By crunch_time 23rd Jan 18, 7:58 AM
    • 1,126 Posts
    • 3,358 Thanks
    crunch_time
    Hi Crunchy!

    I've just read through your diary and wanted to commend you on having a plan and modifying it when things change. I wish you well on your adventure and will be following with interest
    Originally posted by theroamingnomad
    Thank you! I did actually read back my diary from April last year when things started to go a bit fuzzy and it appears I do modify my plans in a positive way. I was feeling really down that we couldnít attack this debt at the rate we could this time last year so thank you for your comment - itís made me look at things more positively.

    The course is going well thanks. Iím currently on the 3rd week. Itís taking up lots of my time which means I havenít posted a lot recently.

    Iím really enjoying it and it will hopefully lead to some paid work very soon.

    Still waiting for my 0% credit card to come through. It should be about a week there was a delay due to a signature issue.

    I also slushed £7 off the food debt as we had our third booze free weekend. I havenít weighed myself so donít know for sure but I husband says I have lost weight for sure.

    Need to post my old phone today to get the money.

    Husband gets paid on Friday and will be sent his payslip in the next day or so so will see where we are for February!

    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
    • crunch_time
    • By crunch_time 25th Jan 18, 7:38 AM
    • 1,126 Posts
    • 3,358 Thanks
    crunch_time
    Morning diary

    One more day until pay day! January is always such a looooooong month.

    I!!!8217;m still waiting husbands pay slip to see what our monthly money situation will be like going forward. He had a bonus in December and we are not paying for childcare vouchers anymore. I!!!8217;m hoping it!!!8217;s not too far off my estimate! Once I know I will be doing a new SOA to see what is what and keep us accountable.

    We are starting to get ready to decorate the new house. Well as much as we can with restricted income. We are doing one room at a time and the first one up is the kitchen! I have ordered paint samples and will aim to have it painted by the end of February. We need blinds and shelves too but they can wait until it!!!8217;s painted.

    We haven!!!8217;t done very well on the food front this month. Lots of extra shops and not much planning. I have had to dip into my bills account. Husbands car also needed some work doing to it which cost £100 ish so that has had to be paid from that pot too. It!!!8217;s gone way down but we can get it up again.

    Right I had better get ready for the school run!!

    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
    • crunch_time
    • By crunch_time 26th Jan 18, 8:03 AM
    • 1,126 Posts
    • 3,358 Thanks
    crunch_time
    Morning all!

    Husband got paid today! £50 more than expected.

    With some slushing I have managed to get my cc down to £2675 which awesome. My 0% card has come through so will transfer the balance later.

    Husbands £100 mom payment will come out next week. I want to be able to slash his but I don!!!8217;t seem to be able to make extra payments via banking. Will have to investigate this. Plans for today are shopping and errands and cat to the vet and then work out tonight. Plans for the weekend are a walk with friends and food tomorrow with family.

    I!!!8217;m feeling loads better without booze btw. I have lost an inch of my waist and thighs and half an inch off my hips. I have been exercising but diet has stayed the same. Pounds off me and pounds off the debt!!

    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
    • crunch_time
    • By crunch_time 26th Jan 18, 10:16 AM
    • 1,126 Posts
    • 3,358 Thanks
    crunch_time
    Right - here is what I have paid off from each category in a month.

    December 28th January 26th

    Holidays £1086 £986 (paid off with phone £)
    Spending money £269 £190
    Furniture £1010 £800
    Food £458 £445
    Fuel £240 £240

    New Business £2044 £2079 (needed antivirus software)
    Moving costs £652 £552
    Other carp (from summer 2016) £1432
    DIY £341 £429 (wood for loft)

    Total = £7532 £7153

    So I have paid off £379 in a month!!

    What a great start to the year!

    But.... we have also accrued £118 of interest and balance transfer fees so far. I have just transferred my balance so there will be a fee once that clears.

    By the end of February, I am planning to get under £7k.

    I'm feeling very pleased with this.

    Crunchy xx
    Last edited by crunch_time; 26-01-2018 at 10:28 AM.
    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 26th Jan 18, 10:19 PM
    • 1,126 Posts
    • 3,358 Thanks
    crunch_time
    Just popping in to say I have been paid for the books for magpie of music - £14.61making the holiday fund £51.83 so over a fifth of the way there.

    I decided not to use the phone money for the holiday and put it on the holiday debt one particular debt from lego land has been sitting on my spreadsheet since May last year and I wanted it gone gone gone - and it was pretty much the same amount.

    I worked out tonight and then did some work on my course so no wine as planned -- and I'm not even missing it. My head is swimming with lovely creative ideas for making money instead!!

    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 27th Jan 18, 12:12 PM
    • 923 Posts
    • 5,165 Thanks
    Nicnak
    That holiday fund is creeping up fabulously.

    I wish I wouldn't have had wine last night. Instead, I had a little too much and my head is aching today. 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 29th Jan 18, 10:00 AM
    • 1,126 Posts
    • 3,358 Thanks
    crunch_time
    Morning

    My balance transfer has happened - cost £49.14 so have added that to my signature.

    We had a bit of a spendy weekend with sandwiches out and some beers (of which I regret now - lesson learned). But pleased with where we are by the end of January. Our debt hasn't increased.

    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
    • crunch_time
    • By crunch_time 1st Feb 18, 6:29 PM
    • 1,126 Posts
    • 3,358 Thanks
    crunch_time
    Evening all!

    1st of February so lots of bills coming out today. All marked off the spreadsheet.

    We have had a few unexpected bills recently. The first was council tax from the old house. The delay of 3 weeks from the date I told them to the day we actually sold it meant we owed them around £85. I used the joint account money meaning we are down for this month but hopefully we won't have to pay electricity again so that can pretty much cover it. I have a few extra stashed in the bills pot just in case but that is supposed to be for swimming lessons for the summer term which will need to be paid for mid-March. Some of the husbands pay at the end of Feb will need to re-top this up.

    We are over budget on food but this should hopefully sort itself out over the next few weeks. Shopping in Aldi is not working out as I cant get everything i need so end up going elsewhere which is a) time and b) more money. So I am going back to online deliveries but not with Mr S. Mr A S D A is now going to get my custom. And the butcher and we shall see how it goes.

    So things are tight but we can handle it. It is so much nicer being broke than working in the school I was in.

    The good news is my funding for DD has come through for nursery meaning there wasn't anything to pay for this month so £25 budgeted is now transferred into the holiday pot!!! It should be this way for the next few months as my account is in credit for over £100. This means I just have to find another £95 to pay off the balance - deffo possible.

    Right - I had better get on with some coursework so I can actually qualify and started earning money!!

    Laters!

    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 1st Feb 18, 6:47 PM
    • 1,993 Posts
    • 12,263 Thanks
    Seasidegal58
    Hi crunchy.

    Bit of a downer on the council tax and hope the electricity doesnít pop its head up! Good that the nursery funds are in though.

    I like Aldi for some things - itís definitely cheaper but agree that one canít get everything you want in there. I tended to buy my top up veg and fruit there in the period between my big monthly deliveries from Tesco. Iím now topping up my veg/fruit in our local greengrocer in the hope he wonít close like his predecessors in our area!

    Hope the coursework is interesting and going well!
    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
    • Mumoffourkids
    • By Mumoffourkids 1st Feb 18, 7:44 PM
    • 628 Posts
    • 3,141 Thanks
    Mumoffourkids
    I found that I spent far more if I went and shipped in Aldi because I kept seeing extra stuff not on my list. Added to that was the time it took and I also seemed to always have to take at least one child with me! I much prefer online with Mr a and I can see how much it is going to cost. Also don't forget the price guarantee. I didn't realise they were doing this still but I religiously check each week now and get money off for the following week most weeks.

    Also not good news about the council tax but hopefully other savings will cover it.
    Total debt Dec 2017 £23090.83
    Ma7 2018 £3691.78 84.01% paid
    Emergency fund £150/£600
    Total Savings £1328.05
    • Nicnak
    • By Nicnak 4th Feb 18, 10:38 AM
    • 923 Posts
    • 5,165 Thanks
    Nicnak
    I agree about the shopping, it sometimes costs more when you have to visit the two shops. I do the main one in lidl and hubby does top up across the way in Tes so I don't spend too much on it.

    holiday fund is looking great. I bet you can find that money.

    Glad you are enjoying life out of teaching. It must be an amazing feeling.
    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
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