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  • FIRST POST
    • crunch_time
    • By crunch_time 23rd Oct 16, 8:22 PM
    • 1,155Posts
    • 3,437Thanks
    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!!
    Then changed careers and moved house!
    Debt 16th June 2018 = 13,116 vs now 14, 982
    Savings - 1960
Page 34
    • JoJoC
    • By JoJoC 1st May 18, 2:51 PM
    • 1,128 Posts
    • 6,894 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
    • 1,155 Posts
    • 3,437 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!!
    Then changed careers and moved house!
    Debt 16th June 2018 = 13,116 vs now 14, 982
    Savings - 1960
    • Nicnak
    • By Nicnak 13th May 18, 8:23 AM
    • 1,111 Posts
    • 5,959 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 26th August
    Credit Card 0 now: 0 Tesco Loan 7500 = 0 Consolidation 15,000 = 11,050 Total = 25,330 11,050 57% gone EMF #252 = 1300/1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #71
    • crunch_time
    • By crunch_time 31st May 18, 4:11 PM
    • 1,155 Posts
    • 3,437 Thanks
    crunch_time
    Hi all

    Cannot believe it is June tomorrow. Where is this year going?

    With regards to money I feel like we are just coasting at the moment until I am earning so that!!!8217;s why I have not been as regular on here as in the past.

    Looking on the bright side of things all bills are being paid and there is food on the table so can!!!8217;t ask for much more at the moment. Am def appreciating the value of money.

    In other news we had a call from our car company who we have the PCP through saying we might be able to get a new car for cheaper! Hmmm - so we went to the dealer who said the manufacturer were giving us 5000 towards a new car! Great! However, once they had done all the calculations in order to get a new version of the same car we would have to pay another 1000 upfront and an extra 40 a month. How ridiculous is that? I think the sales guy genuinely thought we were up for it as he kept asking if we were sure we didn!!!8217;t have any other money to put towards a new one! Why would we do that when we have a perfectly ok 2 year old one?

    Anyway it led to a lengthy discussion about cars with husband. When the pcp thing runs out in feb next year we will get a loan out to pay it off and then overpay it as much as we can as quick as we can.

    With June being a five week month I shall be looking at ways to drastically reduce spending and food money over the coming weeks!!!

    Crunchy x
    LBM 16/6/14 23,555 Paid off April 2017!!
    Then changed careers and moved house!
    Debt 16th June 2018 = 13,116 vs now 14, 982
    Savings - 1960
    • Nicnak
    • By Nicnak 1st Jun 18, 10:05 AM
    • 1,111 Posts
    • 5,959 Thanks
    Nicnak
    I hadn't realised that June was a 5 week month. I need to get on top of that too.

    Car dealers always have a way of enticing you in and then it always ends up more expensive somehow. x
    September 6th 2017 - Updated 26th August
    Credit Card 0 now: 0 Tesco Loan 7500 = 0 Consolidation 15,000 = 11,050 Total = 25,330 11,050 57% gone EMF #252 = 1300/1000
    Sealed pot challenge #589
    Pay off all your debts by Christmas #71
    • JoJoC
    • By JoJoC 2nd Jun 18, 7:43 PM
    • 1,128 Posts
    • 6,894 Thanks
    JoJoC
    Oh god...another 5 week month? Yuk.

    Thanks for sharing though, I'll need to be sensible this month!
    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 15th Jun 18, 10:48 AM
    • 1,155 Posts
    • 3,437 Thanks
    crunch_time
    4 year anniversary!!
    Good morning debt free wannabes!

    Its been a while since I've regularly been on here. Been busy with my course and then life as well. My course is nearly finished and I have been thinking about next steps which includes money so I have decided on a fresh start.

    It's also my 4 year anniversary of being on here today!! Wow how much has changed in 4 years! Originally I started the diary so we could clear some credit card debt and divert the money servicing that to overpaying our mortgage so we could afford a bigger house. I was pregnant with my DD who is now 3.5!! And we had just come back from a walk on Father's day where we decided we would start a diary and tackle this head on.

    Since then we have moved not once but twice and paid off over 20k of debt and then some. We are now in our long-term, probably forever home with a hefty mortgage and..... nearly 13k of debt.

    For once I am not worried about this nor do I feel guilty. Things have happened that I could not control and it was harder than we thought to live off one salary. Nevermind. Let's get smashing this debt once and for all.

    I'm off to see an accountant today about setting up my own business as a freelancer and the best way to do this so I figured now is as good a time as ever to get started on our own finances too.

    I'm in a really good place. In the last 6 months I have done a lot of work on my own emotional well being and know I can make lots of money doing what I have just re-trained to do. So it is a time to focus and commit and get on with the job in hand.

    Crunchy xx
    LBM 16/6/14 23,555 Paid off April 2017!!
    Then changed careers and moved house!
    Debt 16th June 2018 = 13,116 vs now 14, 982
    Savings - 1960
    • Seasidegal58
    • By Seasidegal58 15th Jun 18, 12:23 PM
    • 2,195 Posts
    • 13,624 Thanks
    Seasidegal58
    Happy anniversary crunchy!

    Things have certainly changed since you started posting - but you are now in your forever home so no need to worry about moving anymore. You can take your time now with any home improvements you want to make.

    Hope you have a productive meeting at the accountants today. Exciting times now for you on the work front!
    Finally Debt Free! - July 2016
    Finished Emergency Fund- 10,000 April 2017

    Next Scrimpy Goal - Ad Hoc Savings - 08/10/2018: 1,719.39
    MONTHS TO RETIREMENT: 31
    My diary: Paid off the 31,0000! BUT- still scrimping!
    • crunch_time
    • By crunch_time 15th Jun 18, 5:35 PM
    • 1,155 Posts
    • 3,437 Thanks
    crunch_time
    Very good meeting at the accountants today! Going to set myself up as a sole trader in the first instance. I am also applying for supply teaching from September for 2 days a week or 20 days a term. I lot of my work for my business can be done in evenings so I can work flexibly.

    Now got to do business set up stuff and finish course at end of July. I want to be all set up and ready to go from then onwards. It!!!8217;s going to be a busy summer juggling starting a new business and childcare but I know I can do it and do it well. It!!!8217;s just a case of organising my time effectively.

    I might not be able to rake money in until September so I!!!8217;m not going to get to detailed about debt pay back just yet. Just living within budgets and spending as little as we can.

    Crunchy xx
    LBM 16/6/14 23,555 Paid off April 2017!!
    Then changed careers and moved house!
    Debt 16th June 2018 = 13,116 vs now 14, 982
    Savings - 1960
    • crunch_time
    • By crunch_time 16th Jun 18, 12:15 PM
    • 1,155 Posts
    • 3,437 Thanks
    crunch_time
    I've started a new diary to document my absolute final debt countdown!

    https://forums.moneysavingexpert.com/showthread.php?p=74416152#post74416152

    I do hope you guys follow along - you've been amazingly supportive over the years!!

    Crunchy xx
    LBM 16/6/14 23,555 Paid off April 2017!!
    Then changed careers and moved house!
    Debt 16th June 2018 = 13,116 vs now 14, 982
    Savings - 1960
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