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  • FIRST POST
    • JoJoC
    • By JoJoC 26th Jan 17, 12:20 PM
    • 1,664Posts
    • 6,089Thanks
    JoJoC
    Getting my shhh together
    • #1
    • 26th Jan 17, 12:20 PM
    Getting my shhh together 26th Jan 17 at 12:20 PM
    It's January 2017 and I want to make a stand against myself.

    I will let me sabotage myself no more and I will take control and make my finances better!

    Where to begin? Good question! Since my husband and I bought our first house together in 2009, we have bad financial decision after bad financial decision. Not through stupidity, but a combination of naivety, laziness and lack of foresight. We are very impulsive people and it's quite tricky to rein that in when it comes to finances but we've had endless talks over the last few months and 2017 is the year that we sort our sh!t out!

    A combination of astronomical childcare costs, unpaid maternity leave, paying the mortgage for our flat when it isn't let (second property) and a few other things has meant that the last 2.5 years have been really tight and we have built up some debt that I really want to reduce. I'll declare it below!

    Credit card 1: 6,000 (on 0% interest)
    Credit card 2: 3,800 (not yet on 0% interest)
    Overdraft: 600
    Owe to MIL: 120
    Owe to uncle: 700

    I CAN tackle this in 2017 because:

    - My eldest son is starting school in August, meaning i'll be saving on nursery fees
    - I have just started a new job and my earnings will increase by around 200 per month
    - My husband is busy with additional work in the form of 'homers' over the next couple of months

    Hurdles/ challenges/ costly things happening:
    - My sister's wedding in September
    - My sister's hen weekend in September
    - It's my mother in law's 60th and we are going away for a few nights to a cottage to celebrate
    - Husband is going on my brother-in-law's stag weekend to Prague
    - We need to save for spending money as my company is paying for myself and husband to go to Thailand for a week for work.

    As you can see, the opportunities to save, to rein in what we are spending and to pay off debts are there, but it's such a busy year of commitments so I know it's going to be hard going.

    How am I going to achieve this?

    Change the setup of our banking
    It's currently one big bank account for all income, bills and spending but that's not working for us at all, particularly because we have massive outgoings so I want to switch to having a bills account, a spending account and a savings account.

    Spend time weekly on budgeting
    I have set up a comprehensive spreadsheet detailing when money comes in, when it goes out, when money is transferred to savings and when money is transferred to spending accounts. I want to ensure that this is kept on target and we aren't left short so I want to spend time every Sunday night when my husband is at football going through our finances and the spreadsheet to make sure everything is running smoothly and tackle any adjustments that need to be made. I'm paid monthly and my husband is paid weekly so it's a tricky balance.

    Striking the balance
    I need to strike the balance between paying off debt that we have and saving up for the things that we've committed to this year - I know if I focus on debt alone, we'll end up further in debt to cover things. Vigilance is the key and I will need to keep on top of what we can and can't afford to do. Considered choices will work best and looking ahead to see what's coming up will help too. I want to tackle the family debt first, particularly as they are the smallest debts and the ones that I feel bad about the most.

    I appreciate that there's a lot of debt-free diaries on here and this one isn't solely about hammering debt, but I think it's important for me to be accountable and I want to make changes rather than plan then just bury my head in the sand.

    Any encouragement along the way would be appreciated!
    CC1: 4601.14/ 5031.14 (10% paid off, 480) | CC2:3407/ 3807 (12% paid off, 450) | Loan: 10,788.72/ 15,000((28% paid off, 4211.28))

    July debt total: 23,838.14 | New debt total: 18,796.86 | Total debt paid: 5,141.28 (22%)
    *My debt busting and savings diary*
Page 46
    • Storm89
    • By Storm89 5th Feb 18, 6:41 AM
    • 401 Posts
    • 664 Thanks
    Storm89
    Oooh a hot tub would be nice. Great win on the shoes !
    • JoJoC
    • By JoJoC 5th Feb 18, 2:00 PM
    • 1,664 Posts
    • 6,089 Thanks
    JoJoC
    Weekend spends
    Overall, the weekend spends weren't too bad. I've confessed about the IKEA spending which came out of the savings and this is fine, not altering any of our budgets and making a massive difference to the kids' new playroom.

    Grocery shopping was on this high side this week - we'd run out of loo roll, softner, deoderant for both of us and quite a few condiments so there was quite a bit extra on top of just food this week. I spent 72 in Aldi (replenishing things like rice, pasta etc that will last us for a good month or more). I then spent 38 in Sainsbury's for the remaining bits, but this also included the boy's school trousers x2 and a new pair of slippers for me because my old ones were falling apart (Crocodile Shoes, anyone?).

    It turns out the trousers had to go back - massive at the waist and too short on the leg, so I took them back this morning and will just order the ones he has from M&S on Click and Collect. At least that way I know they'll fit!

    Quite a big chunk out of the spending account this week, but the fuel tank is still full (on my car anyway) and we did make a saving on needing new shoes so I'm not worried. Next week will be a 'using up leftovers and stuff in the fridige' kind of week so I'm expecting a shop around the 40 mark and this will balance it out.

    My son is off school today and tomorrow (has a contagious infection) so I'm trying to keep him occupied while still working! Not the easiest! Tomorrow morning my MIL will take him until 1pm so it's not too bad.

    Gym tonight and tomorrow night to keep the momentum going on my fitness too.
    CC1: 4601.14/ 5031.14 (10% paid off, 480) | CC2:3407/ 3807 (12% paid off, 450) | Loan: 10,788.72/ 15,000((28% paid off, 4211.28))

    July debt total: 23,838.14 | New debt total: 18,796.86 | Total debt paid: 5,141.28 (22%)
    *My debt busting and savings diary*
    • JoJoC
    • By JoJoC 5th Feb 18, 2:13 PM
    • 1,664 Posts
    • 6,089 Thanks
    JoJoC
    Also, I picked up a survey on Prolific this morning for 84p - better than nothing. That'll take me up to 6.72 when it clears. Still to make a move on Onepoll today but I'm hoping a flurry of surveys will come on board later.
    CC1: 4601.14/ 5031.14 (10% paid off, 480) | CC2:3407/ 3807 (12% paid off, 450) | Loan: 10,788.72/ 15,000((28% paid off, 4211.28))

    July debt total: 23,838.14 | New debt total: 18,796.86 | Total debt paid: 5,141.28 (22%)
    *My debt busting and savings diary*
    • Suffolk lass
    • By Suffolk lass 5th Feb 18, 2:17 PM
    • 1,911 Posts
    • 20,218 Thanks
    Suffolk lass
    I'm guessing the school trousers were new for the school year so I wondered if you had considered cutting patches from the ripped pair and sticking them inside the knees of the new pair (you can get double-sided iron-on sticky tape from a haberdashery place, or online like this https://www.amazon.co.uk/Korbond-20-m-Hemming-Web/dp/B007MCRD2C/ref=sr_1_2?ie=UTF8&qid=1517840157&sr=8-2&keywords=haberdashery+tape ) and pre-emptively reinforce them before he starts wearing through them. They are less conspicuous on the inside and sticking means so visible stitching. I used to do it for my Son's
    MFiT T4 #2 update 51.75% after Q8 5,203 behind where I should be
    Save 12k in 2018 #53 - after Feb 13.3%/10,000
    OS Grocery Challenge 2018 spent 452.64/3,000 including stores so far
    My DFD is here
    • JoJoC
    • By JoJoC 5th Feb 18, 3:02 PM
    • 1,664 Posts
    • 6,089 Thanks
    JoJoC
    I hadn't thought of that Suffolk! I'm not very mend-minded (never was very good in Home Ec class) but I do have some wonderweb in the drawer so no reason why not!

    My son only started school in August so we're only 6 months in and 2 pairs of trousers down. I can't complain really - he used to go through a pair of trousers every other week at nursery with all the diving about and skidding on the floor on his knees. Looking forward to the warmer weather (i.e. as soon as the chill it out the air) and he can get back into his school shorts. His knees seem to be harder wearing than his trousers! haha
    CC1: 4601.14/ 5031.14 (10% paid off, 480) | CC2:3407/ 3807 (12% paid off, 450) | Loan: 10,788.72/ 15,000((28% paid off, 4211.28))

    July debt total: 23,838.14 | New debt total: 18,796.86 | Total debt paid: 5,141.28 (22%)
    *My debt busting and savings diary*
    • Suffolk lass
    • By Suffolk lass 5th Feb 18, 3:15 PM
    • 1,911 Posts
    • 20,218 Thanks
    Suffolk lass
    Hmm! My Son (aged 25 and a half) has just arrived and is outside, removing the front wheel from his bicycle so he can take it back to his place. He had to come in when his hands went dead so you can imagine, it is v cold. Guess what? he is wearing shorts. Be afraid... be very afraid what you wish for
    MFiT T4 #2 update 51.75% after Q8 5,203 behind where I should be
    Save 12k in 2018 #53 - after Feb 13.3%/10,000
    OS Grocery Challenge 2018 spent 452.64/3,000 including stores so far
    My DFD is here
    • JoJoC
    • By JoJoC 5th Feb 18, 4:06 PM
    • 1,664 Posts
    • 6,089 Thanks
    JoJoC
    haha yes, both my boys love wearing shorts, although they get that from my husband as his day to day casual wear is shorts and a hoody for pottering about the house and garden. Phew! I'm out in winter boots and a jacket to put the bins out and all three of them are in shorts!

    Onepoll
    Just got another 2x 15p and 1x 10p survey so the grand total is up to 36.30 for Onepoll - just 3.70 to go! Come on! I'm fed up waiting now! I want to pay out!! Stamping my feet like a toddler...
    CC1: 4601.14/ 5031.14 (10% paid off, 480) | CC2:3407/ 3807 (12% paid off, 450) | Loan: 10,788.72/ 15,000((28% paid off, 4211.28))

    July debt total: 23,838.14 | New debt total: 18,796.86 | Total debt paid: 5,141.28 (22%)
    *My debt busting and savings diary*
    • monz
    • By monz 6th Feb 18, 9:02 AM
    • 3,127 Posts
    • 9,843 Thanks
    monz
    I thought they were changing onepoll to 25 ! I am sure I read that somewhere. Mine is at like 14 and I gave up xx
    Debt (1/9/14) 6,702.11 Debt free (30/11/2016)
    house deposit 6,720.99/10,000
    car PCP - 149/11848.25 (0 overpayment)
    mums July birthday vouchers 0/50, Niece birthday June 0/50
    Holiday spending 200/300, Belfast 40/500 (252 for apart
    ment)
    • JoJoC
    • By JoJoC 6th Feb 18, 9:32 AM
    • 1,664 Posts
    • 6,089 Thanks
    JoJoC
    I think they are but I think you need to cash out one more time at 40 before it changes to 25 - that's what Scott Weiland said I'm sure. I've not cashed out for so long - probably 6 months + but then i go through phases of logging in every day and other phases of just ignoring it/ forgetting about it for weeks.

    It is a long slog waiting until the 40 mark. I think they're doing the right thing by changing it. Makes it more of an achievable goal for people.

    Prolific is still as dead as a dodo...

    Must motivate myself to get screened out on VO...
    CC1: 4601.14/ 5031.14 (10% paid off, 480) | CC2:3407/ 3807 (12% paid off, 450) | Loan: 10,788.72/ 15,000((28% paid off, 4211.28))

    July debt total: 23,838.14 | New debt total: 18,796.86 | Total debt paid: 5,141.28 (22%)
    *My debt busting and savings diary*
    • JoJoC
    • By JoJoC 6th Feb 18, 7:07 PM
    • 1,664 Posts
    • 6,089 Thanks
    JoJoC
    Today was an irritating day - loads of work to do, son off school so floating about talking all day, didn't achieve much other than work and just generally feeling irritated.

    My husband is at football tonight so I have 1.5 hours to myself. My plan is yo get this place cleared up, make minestrone soup for lunches tomorrow and relax with a face mask.

    I have also been neglecting my water intake this week and I can feel the difference- I feel like a shrivelled old prune!

    After moaning about pa I got a survey this afternoon...don't get too excited... 20p! I've got 6.08 cleared and 80p pending I think now. Getting there!

    Tomorrow must be more productive!
    CC1: 4601.14/ 5031.14 (10% paid off, 480) | CC2:3407/ 3807 (12% paid off, 450) | Loan: 10,788.72/ 15,000((28% paid off, 4211.28))

    July debt total: 23,838.14 | New debt total: 18,796.86 | Total debt paid: 5,141.28 (22%)
    *My debt busting and savings diary*
    • doingitanyway
    • By doingitanyway 6th Feb 18, 7:14 PM
    • 2,898 Posts
    • 14,112 Thanks
    doingitanyway
    Sounds like a good plan for the evening.
    It's harder to drink water in the Winter but it is worth the effort. You made me smile when you said a shrivelled old prune. It does make you feel like that
    Enjoy the face mask
    JANUARY 2016/SECURED DEBT=24,822/March 2018=0 DEBT FREE 23/03/18
    MORTGAGE FREE 25/07/16
    • JoJoC
    • By JoJoC 6th Feb 18, 8:24 PM
    • 1,664 Posts
    • 6,089 Thanks
    JoJoC
    I'm normally fairly good about drinking water - Maybe 6 pints per day on an average day- but today my head has just been everywhere so much so that even turning a tap has proven too much for me.

    Just getting my soup on then it's face mask time! Always makes me feel so much better.

    My husband has added 100 to our savings tonight after he was paid for a job that he did way before Christmas. That was the second instalment - the guy still owes him 50 so next time he asks for a job to be done the answer will either be NO or PAYMENT UP FRONT.

    Still, it's money in our pockets.

    Next week I'll also be transferring 240 to our savings account as this month is council tax free! I'll be adding the same amount next month too. Yee ha!
    CC1: 4601.14/ 5031.14 (10% paid off, 480) | CC2:3407/ 3807 (12% paid off, 450) | Loan: 10,788.72/ 15,000((28% paid off, 4211.28))

    July debt total: 23,838.14 | New debt total: 18,796.86 | Total debt paid: 5,141.28 (22%)
    *My debt busting and savings diary*
    • doingitanyway
    • By doingitanyway 6th Feb 18, 10:08 PM
    • 2,898 Posts
    • 14,112 Thanks
    doingitanyway
    I'm normally fairly good about drinking water - Maybe 6 pints per day on an average day-
    My husband has added 100 to our savings tonight after he was paid for a job that he did way before Christmas. That was the second instalment - the guy still owes him 50 so next time he asks for a job to be done the answer will either be NO or PAYMENT UP FRONT.
    !
    Originally posted by JoJoC
    Wow! to the water. I bet you have great skin...
    What a cheek re the guy who has owed money since before Christmas
    JANUARY 2016/SECURED DEBT=24,822/March 2018=0 DEBT FREE 23/03/18
    MORTGAGE FREE 25/07/16
    • JoJoC
    • By JoJoC 6th Feb 18, 11:30 PM
    • 1,664 Posts
    • 6,089 Thanks
    JoJoC
    My skin isn't bad - it's getting better now that I've cut down on the sugar if late but the water does help.

    Yes, the guy us a total chancer! He's just taking the p*as completely now.
    CC1: 4601.14/ 5031.14 (10% paid off, 480) | CC2:3407/ 3807 (12% paid off, 450) | Loan: 10,788.72/ 15,000((28% paid off, 4211.28))

    July debt total: 23,838.14 | New debt total: 18,796.86 | Total debt paid: 5,141.28 (22%)
    *My debt busting and savings diary*
    • monz
    • By monz 7th Feb 18, 9:22 AM
    • 3,127 Posts
    • 9,843 Thanks
    monz
    I'm normally fairly good about drinking water - Maybe 6 pints per day on an average day- but today my head has just been everywhere so much so that even turning a tap has proven too much for me.

    Just getting my soup on then it's face mask time! Always makes me feel so much better.

    My husband has added 100 to our savings tonight after he was paid for a job that he did way before Christmas. That was the second instalment - the guy still owes him 50 so next time he asks for a job to be done the answer will either be NO or PAYMENT UP FRONT.

    Still, it's money in our pockets.

    Next week I'll also be transferring 240 to our savings account as this month is council tax free! I'll be adding the same amount next month too. Yee ha!
    Originally posted by JoJoC
    Omg your council tax is so high!!!!!
    Debt (1/9/14) 6,702.11 Debt free (30/11/2016)
    house deposit 6,720.99/10,000
    car PCP - 149/11848.25 (0 overpayment)
    mums July birthday vouchers 0/50, Niece birthday June 0/50
    Holiday spending 200/300, Belfast 40/500 (252 for apart
    ment)
    • JoJoC
    • By JoJoC 7th Feb 18, 9:27 AM
    • 1,664 Posts
    • 6,089 Thanks
    JoJoC
    Connectivity
    Our internet has been temperamental and on/off/on again for the last week and it's really starting to get my goat. Not least because I'm working from home at the moment and it's highly frustrating having it cut out while I'm mid-way through a call / getting on with my work. It's driving me mad!

    The t'interweb supplier said it's a complex issue and they're working round the clock to fix it but that doesn't help me OR my work productivity.

    Stuff to do
    I've got quite a few things hanging over my head that I NEED to get done today so I'm posting here for accountability.
    1. Call our electricity provider for our flat and pay the balance from between tenants (damn standing charge!)
    2. TAKE THE PASSPORTS TO THE POST OFFICE AT LUNCH TIME!
    3. Check bank accounts and reconcile
    4. Read Martin's email
    5. Have a think about a Mother's Day gift
    6. Call to enquire about mindfulness course for mum and I
    7. Book meal for Saturday night (using a voucher that we have)
    8. Call dentist to rebook for cancelled appointment.

    Spends
    Yesterday was a NSD, mainly because I didn't leave the house other than to drop the kids off and pick them back up so pleased with that. Today, the only spend should be payment for postage of the passports (2.85 max I'd think, if it's heavier than large letter) and around 1 for a bag of lettuce leaves as we finished ours yesterday and we still have at least one meal to have with salad.

    My son is back at school today, so fingers crossed he's on the mend. These things are frustrating! He's absolutely fine so not 'under the weather' but has to stay at home because he's contagious. I understand why he can't go to school but he just gets cabin fever and I still need to work so it makes for a frustrating day all round!

    Today should be better as I have from now until 3pm to thrash through the work! Come on! (<-- motivating myself...)
    CC1: 4601.14/ 5031.14 (10% paid off, 480) | CC2:3407/ 3807 (12% paid off, 450) | Loan: 10,788.72/ 15,000((28% paid off, 4211.28))

    July debt total: 23,838.14 | New debt total: 18,796.86 | Total debt paid: 5,141.28 (22%)
    *My debt busting and savings diary*
    • JoJoC
    • By JoJoC 7th Feb 18, 9:28 AM
    • 1,664 Posts
    • 6,089 Thanks
    JoJoC
    Omg your council tax is so high!!!!!
    Originally posted by monz
    I know...it makes me sick It was only 180 when we moved in 3 years ago and now 241. Daylight robbery!!
    CC1: 4601.14/ 5031.14 (10% paid off, 480) | CC2:3407/ 3807 (12% paid off, 450) | Loan: 10,788.72/ 15,000((28% paid off, 4211.28))

    July debt total: 23,838.14 | New debt total: 18,796.86 | Total debt paid: 5,141.28 (22%)
    *My debt busting and savings diary*
    • monz
    • By monz 7th Feb 18, 10:45 AM
    • 3,127 Posts
    • 9,843 Thanks
    monz
    I thought mine was bad at 102 and thats with 25% off those spose xx
    Debt (1/9/14) 6,702.11 Debt free (30/11/2016)
    house deposit 6,720.99/10,000
    car PCP - 149/11848.25 (0 overpayment)
    mums July birthday vouchers 0/50, Niece birthday June 0/50
    Holiday spending 200/300, Belfast 40/500 (252 for apart
    ment)
    • JoJoC
    • By JoJoC 7th Feb 18, 11:30 AM
    • 1,664 Posts
    • 6,089 Thanks
    JoJoC
    Yes, we pay full whack as 2 adults and 2 kids.

    I think i mentioned on here before, but i'll bore you with it again. It was raised from 180 to 220 a few months after we moved in because there's a 'new' law (passed in 2014 or somthing) that if you put an extension/ conservatory on your house, there's no need to reassess your council tax band, but once the house is sold, it's automatically reassessed and rebanded accordingly. So we jumped up 1 (or maybe 2?) bands just because it was sold to us.

    Then it went up last year by 20p/m due to price hikes. If it goes up again in April, i'm going to collapse... (drama queen anyone?).

    Our neighbours, who have the exact same size conservatory, still pay the lesser amount which is infuriating!
    CC1: 4601.14/ 5031.14 (10% paid off, 480) | CC2:3407/ 3807 (12% paid off, 450) | Loan: 10,788.72/ 15,000((28% paid off, 4211.28))

    July debt total: 23,838.14 | New debt total: 18,796.86 | Total debt paid: 5,141.28 (22%)
    *My debt busting and savings diary*
    • JoJoC
    • By JoJoC 7th Feb 18, 3:52 PM
    • 1,664 Posts
    • 6,089 Thanks
    JoJoC
    Prolific!

    I'm so annoyed! I refreshed on PA earlier and there was about half a dozen studies on there - one for 4.50 - but it was just before I went on the school run. I came back and they were all gone...

    Ahhhh...I check every hour and then they all pop up when I'm not around to do anything. Damn!

    Just picked up two surveys on Onepoll so balance is now 36.55 (3.45 to go!).
    CC1: 4601.14/ 5031.14 (10% paid off, 480) | CC2:3407/ 3807 (12% paid off, 450) | Loan: 10,788.72/ 15,000((28% paid off, 4211.28))

    July debt total: 23,838.14 | New debt total: 18,796.86 | Total debt paid: 5,141.28 (22%)
    *My debt busting and savings diary*
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