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  • FIRST POST
    • crunch_time
    • By crunch_time 23rd Oct 16, 8:22 PM
    • 1,170Posts
    • 3,492Thanks
    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
    Sainsburys 17%/0% £5367/£5367
    Virgin 0% £6678/£6530
    HSBC 0% £2950/£2850
    HSBC 17% £600 On hold until after xmas due to expenses fiasco
    Total = £15,407 / £15,330(on hold until after Xmas)
    Taking the sustainable scenic route.
Page 33
    • Seasidegal58
    • By Seasidegal58 10th Apr 18, 8:02 PM
    • 2,365 Posts
    • 14,655 Thanks
    Seasidegal58
    Wonderful to feel that you have lots of money! Good luck with the new regime!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 10/11/2018 - £1801.03
    MONTHS TO RETIREMENT: 29
    My diary: “Paid off the £31,0000! BUT- still scrimping!”
    • Nicnak
    • By Nicnak 10th Apr 18, 8:14 PM
    • 1,584 Posts
    • 9,094 Thanks
    Nicnak
    Hi Crunchy,

    Lovely to see you back and doing well. It's nice when we feel more in control and able to manage. Sounds like you are able to do that now.

    £200 a month is a great amount too. Good luck with the training. Hope you manage to get it completed soon. x
    September 6th 2017 - Updated 21st Oct
    Credit Card £0 now: £0 Tesco Loan £7500 = £0 Consolidation £15,000 = £10,580 Total = £25,330 £10,812 59% gone EMF #252 = £775/£1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • crunch_time
    • By crunch_time 11th Apr 18, 8:28 AM
    • 1,170 Posts
    • 3,492 Thanks
    crunch_time
    Morning diary!

    Sigh! I've just updated my signature to list the situation as it is now. I'm very proud that we smashed the original £23k in 3 years whilst on maternity leave and moving house and staying in a job that in hindsight was making me ill.

    The big sigh is for the next chapter and because I sort of feel a big 'here we go again' feeling. But actually, this is different as I am in a MUCH better place.

    We are exactly where we were aiming for nearly 4 years ago when I had my LBM on a walk on Fathers Day when I was pregnant with my now almost 3.5 year old! If we can achieve what we have over the last 4 years then what can we achieve in the next 4? Watch this space!

    I've wanted to have budget proportions for a long time as opposed to being on a survival budget for years. So the aim for this year is simply to live within these proportions as this is proper life now and then use the excess to pay back what is owed on the credit cards.

    The one thing I am going to do now is not to worry about it so much and to cut myself some slack. And to be honest about it all.

    So the line is drawn and off we go!!

    In other news I felt really encouraged yesterday as I had a lovely phone call from a prospective client which has helped me visualise my business so I have some things to work on going forward. I must say I absolutely love it and i love being at home with the children more.

    After a lot of consideration, I have decided to rebrand and relaunch my blog which I am planning as another business venture. I thought about shutting it down and focusing on social freelancing but i want to do both and I still believe in the blog so I am going to give it another go. Im not planning to launch it till after the course finishes in July so i have lots of time to work on content.

    Lots to do! We had a lovely day yesterday and I am planning a similar day today. Dog walk this am then lunch and then out this afternoon at the library.

    Have a lovely day everyone! Im encouraged that it is going to be nice weather next week!

    Crunchy x
    Sainsburys 17%/0% £5367/£5367
    Virgin 0% £6678/£6530
    HSBC 0% £2950/£2850
    HSBC 17% £600 On hold until after xmas due to expenses fiasco
    Total = £15,407 / £15,330(on hold until after Xmas)
    Taking the sustainable scenic route.
    • crunch_time
    • By crunch_time 11th Apr 18, 8:34 AM
    • 1,170 Posts
    • 3,492 Thanks
    crunch_time
    Morning diary!

    Sigh! I've just updated my signature to list the situation as it is now. I'm very proud that we smashed the original £23k in 3 years whilst on maternity leave and moving house and staying in a job that in hindsight was making me ill.

    The big sigh is for the next chapter and because I sort of feel a big 'here we go again' feeling. But actually, this is different as I am in a MUCH better place.

    We are exactly where we were aiming for nearly 4 years ago when I had my LBM on a walk on Fathers Day when I was pregnant with my now almost 3.5 year old! If we can achieve what we have over the last 4 years then what can we achieve in the next 4? Watch this space!

    I've wanted to have budget proportions for a long time as opposed to being on a survival budget for years. So the aim for this year is simply to live within these proportions as this is proper life now and then use the excess to pay back what is owed on the credit cards.

    The one thing I am going to do now is not to worry about it so much and to cut myself some slack. And to be honest about it all.

    So the line is drawn and off we go!!

    In other news I felt really encouraged yesterday as I had a lovely phone call from a prospective client which has helped me visualise my business so I have some things to work on going forward. I must say I absolutely love it and i love being at home with the children more.

    After a lot of consideration, I have decided to rebrand and relaunch my blog which I am planning as another business venture. I thought about shutting it down and focusing on social freelancing but i want to do both and I still believe in the blog so I am going to give it another go. Im not planning to launch it till after the course finishes in July so i have lots of time to work on content.

    Lots to do! We had a lovely day yesterday and I am planning a similar day today. Dog walk this am then lunch and then out this afternoon at the library.

    Have a lovely day everyone! Im encouraged that it is going to be nice weather next week!

    Crunchy x
    Sainsburys 17%/0% £5367/£5367
    Virgin 0% £6678/£6530
    HSBC 0% £2950/£2850
    HSBC 17% £600 On hold until after xmas due to expenses fiasco
    Total = £15,407 / £15,330(on hold until after Xmas)
    Taking the sustainable scenic route.
    • crunch_time
    • By crunch_time 13th Apr 18, 8:43 AM
    • 1,170 Posts
    • 3,492 Thanks
    crunch_time
    Morning all!!

    Urgh! It never rains but it pours! Ive put my back out about 2 weeks ago and soldiered on even though it hurt everyday. Yesterday I bit the bullet and went to the chiropractor (£34 on credit card as extra trips currently not budgeted for). Husband has also been on a work trip but ran out of credit on his work credit card so had to use his own. There is c. £300 extra on there. It will be paid back though it just might take a few weeks.

    I have no idea if my next refund has come in because I have been locked out of my account so need to ring up about that.

    We have £100 for food to last us 2 weeks. Some meals I have planned for this week havent been cooked yet as husband was away and so i fed the kids freezer tapas and I had toast or skipped a meal.

    I have quick a few books from the library trip the other day to keep me occupied and loads of work to do to keep out of trouble.

    Must update signature but DD is demanding my attention.

    Crunch x
    Sainsburys 17%/0% £5367/£5367
    Virgin 0% £6678/£6530
    HSBC 0% £2950/£2850
    HSBC 17% £600 On hold until after xmas due to expenses fiasco
    Total = £15,407 / £15,330(on hold until after Xmas)
    Taking the sustainable scenic route.
    • Nicnak
    • By Nicnak 13th Apr 18, 1:12 PM
    • 1,584 Posts
    • 9,094 Thanks
    Nicnak
    Hope the back is okay. Sound like you are really positive at the minute x
    September 6th 2017 - Updated 21st Oct
    Credit Card £0 now: £0 Tesco Loan £7500 = £0 Consolidation £15,000 = £10,580 Total = £25,330 £10,812 59% gone EMF #252 = £775/£1000
    Sealed pot challenge #024
    Pay off all your debts by Christmas #071
    • Seasidegal58
    • By Seasidegal58 13th Apr 18, 1:18 PM
    • 2,365 Posts
    • 14,655 Thanks
    Seasidegal58
    Yes - hope the chiropractor has sorted you out.
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 10/11/2018 - £1801.03
    MONTHS TO RETIREMENT: 29
    My diary: “Paid off the £31,0000! BUT- still scrimping!”
    • crunch_time
    • By crunch_time 16th Apr 18, 10:18 AM
    • 1,170 Posts
    • 3,492 Thanks
    crunch_time
    Morning all

    Seasidegal - the chiropractor has sorted me out a little but not completely. I've been in pain all weekend and have a doctors appointment at lunchtime today to get some diazepam which will sort me out no end - but make me drowsy for a few days.

    Well its really pouring now everyone! My camera (that I need for 'work') broke and to repair it is going to cost me £150 ish!

    Also getting lawn down is going to cost more than we thought - need to hire a rotivator and roller - if we cant borrow one and husband reckons when should be putting down turf and not seed so we can have a garden sooner rather than later. He reckons turf will cost about £200.

    I have updated my signature a bit with the new damage to our budget but not to my cc as i still need to ring up to get it unlocked.

    My YNAB renewal has been taken out of husbands cc for £36. I never got on with it and found it tricky but i wondering whether now im not 'working' I should give it another go. Anyone else swear by it?

    Crunchy xx
    Sainsburys 17%/0% £5367/£5367
    Virgin 0% £6678/£6530
    HSBC 0% £2950/£2850
    HSBC 17% £600 On hold until after xmas due to expenses fiasco
    Total = £15,407 / £15,330(on hold until after Xmas)
    Taking the sustainable scenic route.
    • crunch_time
    • By crunch_time 17th Apr 18, 10:45 AM
    • 1,170 Posts
    • 3,492 Thanks
    crunch_time
    Morning debt free wannabes!!

    I have access to my sains cc now so i have updated the balance on my signature. This is our starting point and it might get worse before it gets better.

    Husband is getting on board with starting YNAB again. We are going to talk about it tonight but the rough plan is to start on May 1st and learn all we can about it between now and then. It should be easier since we both work from home.

    With regards to me and work, Im chomping at the bit at the moment. I read a fantastic book called Entrepreneur Revolution and its started something inside me and im bursting to get on with my marketing business and my blog - 2 businesses. One main one and then the side hustle. People dont talk enough about entrepreneurialism - at least in my circles anyway so its nice to read a very motivating book about it.

    Im not freaking out about the debt - just want to get some balance in our budget and Im excited about what is to come.

    Every time I post on here i see my views go up by at least 500 so i know a lot of people are reading this. Just want to say im sorry its not much of a debt busting motivation at the moment. I promise it will be though. We are turning this around.

    Right - off to take photos for my blog. See you all later!!

    Crunchy xx
    Sainsburys 17%/0% £5367/£5367
    Virgin 0% £6678/£6530
    HSBC 0% £2950/£2850
    HSBC 17% £600 On hold until after xmas due to expenses fiasco
    Total = £15,407 / £15,330(on hold until after Xmas)
    Taking the sustainable scenic route.
    • enthusiasticsaver
    • By enthusiasticsaver 17th Apr 18, 1:22 PM
    • 7,404 Posts
    • 16,340 Thanks
    enthusiasticsaver
    I never got on with YNAB but some swear by it. Clear checkbook works for me plus my spreadsheets and now this new Santander app Spendylitics which categorises all card spends direct from accounts both credit and debit.
    Debt free and mortgage free and early retiree. Living the dream

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages and Endowments, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • crunch_time
    • By crunch_time 20th Apr 18, 3:16 PM
    • 1,170 Posts
    • 3,492 Thanks
    crunch_time
    Afternoon all!

    Sitting in the garden whilst I write this. Isn't it glorious!!

    So I have made a start on YNAB and entered all our planned spends and bills for May.

    My first target is to build a bit of a buffer for our spends so we don't use the credit cards to fill the gaps. My first target is a nice modest £100 which will mainly be for food and spending money as we pay for our fuel in arrears now which has been soooo much less stressful.

    However Im hoping this will be easier since the spending money budget is now £70 more than it was and the food budget is now £30 more. We shall see.

    Once I hit £100 I shall have a small celebration and then start saving up a buffer for the summer holidays as that is always a bit of a money drain and I never seem to prepare for it.

    Payday is next Friday so its a case of getting by until then.

    Crunchy xx
    Sainsburys 17%/0% £5367/£5367
    Virgin 0% £6678/£6530
    HSBC 0% £2950/£2850
    HSBC 17% £600 On hold until after xmas due to expenses fiasco
    Total = £15,407 / £15,330(on hold until after Xmas)
    Taking the sustainable scenic route.
    • crunch_time
    • By crunch_time 21st Apr 18, 7:21 AM
    • 1,170 Posts
    • 3,492 Thanks
    crunch_time
    Morning all

    Husband took the day off yesterday to rotivate the garden. He hired one for £30. He saw some sleepers in Mr M for the drop at the end which he reckons will be about £60 and then turf for the lawn obs will be about £200. We also need some trellis panels and posts for the area near the patio which we havent costed up yet. And then we have done the bare minimum to get a lawn and part of a fence this summer!!!

    At the moment we have the following costs on the husbands Sains credit card...

    £340 - New house materials - wood to board the loft
    £150 - Chest freezer
    £300 - Next - curtains and curtain poles and a duvet
    £250 - washing machine - -from when the old one blew up last summer.

    The dresser and the chairs and table have been paid off!!!

    The following is not at 0% at the moment. Once we have finished the bits to the garden we will get a balance transfer card for the following and the new bits.

    £331 - house stuff - little bits that have added up that we needed e.g. coat hooks etc - to make us a bit more organised.
    £121 - the dogs castration

    Then we will stop doing big bits to the house until this is paid down a significant amount

    So it will be about £2000 on it from house stuff overall. Then we are going to start painting and I will adjust our budget to allow for this.

    Id better go - husband wants to know what Ive done on YNAB! I cant miss theis opportunity

    Crunchy x
    Sainsburys 17%/0% £5367/£5367
    Virgin 0% £6678/£6530
    HSBC 0% £2950/£2850
    HSBC 17% £600 On hold until after xmas due to expenses fiasco
    Total = £15,407 / £15,330(on hold until after Xmas)
    Taking the sustainable scenic route.
    • crunch_time
    • By crunch_time 21st Apr 18, 7:22 AM
    • 1,170 Posts
    • 3,492 Thanks
    crunch_time
    emoticons work on my new laptop!!

    Sainsburys 17%/0% £5367/£5367
    Virgin 0% £6678/£6530
    HSBC 0% £2950/£2850
    HSBC 17% £600 On hold until after xmas due to expenses fiasco
    Total = £15,407 / £15,330(on hold until after Xmas)
    Taking the sustainable scenic route.
    • Seasidegal58
    • By Seasidegal58 22nd Apr 18, 2:30 PM
    • 2,365 Posts
    • 14,655 Thanks
    Seasidegal58
    Hi crunchy - just to say I've been using YNAB for a couple of years now and personally find it invaluable. A lot of folk don't get on with it though - you've got to find the method that suits you. Hope it helps hubby though - it's useful for couples because you can sync it to all your accounts and see what one another is spending so can keep tabs. Of course it'll only work if both of you are totally honest on what you're spending.

    Your garden will look good for the summer and it'll be nice for the children so worth the spends I think.
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 10/11/2018 - £1801.03
    MONTHS TO RETIREMENT: 29
    My diary: “Paid off the £31,0000! BUT- still scrimping!”
    • crunch_time
    • By crunch_time 24th Apr 18, 2:16 PM
    • 1,170 Posts
    • 3,492 Thanks
    crunch_time
    It!!!8217;s really pouring now!........

    - cost to repair camera £132
    - cost to remove petrol from my diesel car £150 ish

    Gah (currently waiting on the forecourt for a man to come and sort out the latter)

    There have been tears.

    I have already bought some wine for later
    Sainsburys 17%/0% £5367/£5367
    Virgin 0% £6678/£6530
    HSBC 0% £2950/£2850
    HSBC 17% £600 On hold until after xmas due to expenses fiasco
    Total = £15,407 / £15,330(on hold until after Xmas)
    Taking the sustainable scenic route.
    • abba1772
    • By abba1772 24th Apr 18, 6:42 PM
    • 5,400 Posts
    • 20,299 Thanks
    abba1772
    Oh no don't cry it's a easy mistake to make xx
    NEXT TARGET ARGOS WAS Dec 18 £391.95 NOW £384.72
    POAMAYC 2011 £6382.66 POAMAYC 2012 £5000.78
    POAMAYC 2013 £3480.04 POAMAYC 2014 £4085.14
    POAMAYC 2015 £7565.24 POAMAYC 2016 £8000.90
    POAMAYC 2017 £7278.80 POAMAYC 2018 £12924.32
    • Seasidegal58
    • By Seasidegal58 25th Apr 18, 8:42 PM
    • 2,365 Posts
    • 14,655 Thanks
    Seasidegal58
    Oh no to the diesel! Wine will help make you feel better!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 10/11/2018 - £1801.03
    MONTHS TO RETIREMENT: 29
    My diary: “Paid off the £31,0000! BUT- still scrimping!”
    • crunch_time
    • By crunch_time 27th Apr 18, 10:49 AM
    • 1,170 Posts
    • 3,492 Thanks
    crunch_time
    Thanks for the kind messages! Car is fine and I used my savings to pay for the man to fix it - £170. At least I had it there and didnt use it to pay off the Overdraft!

    Payday today and all money is where it should be.

    Now I have 'more money' - I've used some of the excesses from the pots to pay for my min credit card payment so I can save the £84 towards a buffer which is a great start. I also have £80 sitting in a savings account ready to buy oil.

    We have £134 ready for the next swimming bill and £48 ready to pay for nursery bill on Tuesday - but I don't think we will need to so that can go in the pot too.

    We have about £1000 of house costs to merge with the £4177 but will have to wait a few months for the £4177 to go down as I don't think husband will get enough credit limit until then. I shall investigate.

    But that's it! Not doing anything else to the house that's big and costs £100's until we have paid off whats currently sitting on credit cards. I know I have listed it above but for reference again for me, this is what is...

    £340 - Building materials - loft etc.
    £150 - Chest Freezer
    £300 - New curtains, poles etc for new house
    £170 - Washing machine (what the min payment is currently tackling)
    £56 - Dogs castration
    £311 - stuff to orgnaise house like - a small bookcase and coat hooks
    £86 - sleepers for the garden
    £37 - wheelbarrow
    £204 - Turf
    £66 - Wickes

    Total - £2412 - In theory this could take 2 years to pay off which is fine and gives us more incentive to save up for the next rooms.

    In other news, husband got paid £153 more this month. I suspect it is for expenses owed (currently about £350) but if its a bonus of sorts I shall use it to pay off some of the stuff above.

    Right! Envelopes are ready for when I take out the food money later for each week and we are also going to take our £25 per week spending money out too.

    Ive decided to keep a buffer or overdraft of £100 for each month so once I have met that, any extra money is going to go towards the debt according to the categories.

    So we are all organised and ready to go - lets do this!!

    Crunchy xx
    Sainsburys 17%/0% £5367/£5367
    Virgin 0% £6678/£6530
    HSBC 0% £2950/£2850
    HSBC 17% £600 On hold until after xmas due to expenses fiasco
    Total = £15,407 / £15,330(on hold until after Xmas)
    Taking the sustainable scenic route.
    • Seasidegal58
    • By Seasidegal58 28th Apr 18, 12:19 PM
    • 2,365 Posts
    • 14,655 Thanks
    Seasidegal58
    You are indeed very organised - go you!

    Everything sounding very positive and doable!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 10/11/2018 - £1801.03
    MONTHS TO RETIREMENT: 29
    My diary: “Paid off the £31,0000! BUT- still scrimping!”
    • crunch_time
    • By crunch_time 1st May 18, 12:49 PM
    • 1,170 Posts
    • 3,492 Thanks
    crunch_time
    Afternoon all!

    So on Friday we got out £100 cash for food for the week and £100 out cash for spending money for the month.

    £100 cash for food has been spent and we have enough food until Friday!!

    The £100 for spending has been split into £25 amounts for the month at £25 per weekend with the idea of having NSDs during the week. We blew the £25 this gone weekend on two bottles of wine, pocket money for the children and snacks for us. Such a massive lesson. Aside from pocket money for the kids I don't want to do that again. Think what it could have gone towards!! Husband and I think this is the making of us.

    Once its cash in your hand its so hard to want to spend it.

    We had a NSD yesterday but I had to get calpol today for a poorly child so that is allowed. Hoping for a NSD tomorrow and again on Thursday. We haven't got any plans for the weekend yet but Im definatley not going to buy two bottles of wine again!!

    Crunchy xx
    Sainsburys 17%/0% £5367/£5367
    Virgin 0% £6678/£6530
    HSBC 0% £2950/£2850
    HSBC 17% £600 On hold until after xmas due to expenses fiasco
    Total = £15,407 / £15,330(on hold until after Xmas)
    Taking the sustainable scenic route.
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