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  • FIRST POST
    • crunch_time
    • By crunch_time 23rd Oct 16, 8:22 PM
    • 1,115Posts
    • 3,335Thanks
    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 11/4/2018.......
    HSBC CC Me 0% - 2024/1964
    Sains CC Husband 0% - 4257/4177
    Sains CC me 0% - 2508/2508
    Overdraft - 1100/1100
Page 34
    • JoJoC
    • By JoJoC 1st May 18, 2:51 PM
    • 1,800 Posts
    • 6,586 Thanks
    JoJoC
    It's interesting how cash makes people think more about spending - I've not attempted this method because I've not found a way that would work for my husband and I but I can see the temptation.

    You may already be on to this one, but remember Aldi does some really lovely wines for a really low price. I like a malbec out of there and I think it's around 4 so wine as a treat doesn't have to blow your weekly budget if you're smart about it.
    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 3rd May 18, 12:15 PM
    • 1,115 Posts
    • 3,335 Thanks
    crunch_time
    Thanks JoJo - yes love Aldi wines. Unfortunately a lot of the husband and my wine purchases have been spontaneous so the cost depends on where we are.

    I have been listening to a podcast (I!!!8217;m all about the podcasts at the moment they are changing my life) by a lady called Brooke Castillo - Life Coach School and it is blowing my mind!

    She talks about how we over eat, over drink and over spend to !!!8216;buffer!!!8217; feelings. I!!!8217;ve known about the essence of it for a agile but listening to her talk it!!!8217;s like she is talking to ME like a friend and I am mapping it up and can already feel myself changing. I realise I have been buffering with with drink to stop focusing on my feelings of disappointment about having a rubbish day. I feel I have over spent in the past as a way to buffer my feelings of inadequacy and competition with my sister (who I don!!!8217;t like and don!!!8217;t speak to) and buffer with snacking as a reward for all my hard work living this life.

    It feels funny to get it all down but that is the truth and now I can tackle it and live a brilliant life.

    She is so clear in her communication it just blows me away. I can!!!8217;t believe how different I feel and think after a a week of listening to her back catalogue!

    Anyway, nsd yesterday!! Will have to get cheese to go with tonight!!!8217;s JPs but with tomorrow!!!8217;s grocery money.

    I!!!8217;ve budgeted out our weekend as well!
    All heading in the right direction.
    The obstacle is the way

    Crunchy xx
    LBM 16/6/14 23,555 Paid off April 2017!! Debt as of 11/4/2018.......
    HSBC CC Me 0% - 2024/1964
    Sains CC Husband 0% - 4257/4177
    Sains CC me 0% - 2508/2508
    Overdraft - 1100/1100
    • Nicnak
    • By Nicnak 13th May 18, 8:23 AM
    • 911 Posts
    • 5,068 Thanks
    Nicnak
    I impulse spend to get a 'high' when I am struggling with my emotions. In teaching, that can be a lot of the time as well. 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
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