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  • FIRST POST
    • JoJoC
    • By JoJoC 26th Jan 17, 12:20 PM
    • 1,664Posts
    • 6,063Thanks
    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 57
    • JoJoC
    • By JoJoC 11th Apr 18, 1:08 PM
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    • 6,063 Thanks
    JoJoC
    Just checked and payment for CC2 has come out, so another 50 struck off the balance there. Not a lot to report on this front, and no big changes will be made to the balance until later this year (i've bored you all to tears with the details before so i won't again!).

    It is slightly disheartening to see these go down so slowly but the loan is going down in big chunks each month and I need to remind myself that I do have a plan in place. And the plans that i have allow us as a family to continue to enjoy our lives while paying down the debt. That's my choice and I'm happy with it but it doesn't stop the feeling of impatience! haha

    Off to see how much my shopping will skin me... eek.
    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*
    • Storm89
    • By Storm89 15th Apr 18, 8:00 AM
    • 401 Posts
    • 663 Thanks
    Storm89
    Jojo i 100% get that feeling!! I am incredibly impatient but because I've already committed to holidays and having a fund for this that and the other , I just can't overpay anymore than I already am. I think it's good to have a balance especially when you have kids. They grow up so quickly !
    • Suffolk lass
    • By Suffolk lass 15th Apr 18, 8:42 AM
    • 1,911 Posts
    • 20,218 Thanks
    Suffolk lass
    22% paid is great JoJo. Really well done. I also had my birthday last month. We paid for lunch for 8 people. My lovely Aunt picked up the service bill so it was under 300 - about to hit DH's CC repayment I think - in full (to quote Martin)
    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 16th Apr 18, 11:33 AM
    • 1,664 Posts
    • 6,063 Thanks
    JoJoC
    Avoiding the contagion!
    The last few days have been chaotic, frustrating and exhausting.

    My husband has come down with a pretty horrid throat infection that has completely floored him. He's been ill since Friday (as in barely able to swallow or make it to the loo) so i've been looking after him all weekend as well as the kids, who were playing up likely due to boredom. Last night it was too much and I talked my husband into going to the out of hours. Glad we did! Doc was surprised he'd waited so long to come down as his throat is so bad. Got antibiotics but he's been told to take the rest of the week off to recover.

    We're supposed to be going away on Friday for a long weekend which is my birthday present but not sure whether he'll be well enough for me to go. I'm also supposed to be away with work Wednesday and Thursday but i'm not sure if he'll be well enough to manage the kids as he can barely keep his head up right now. I'll take it as it comes but it's been a trying few days.

    Money-wise
    Things aren't looking too bad money-wise, spending money is lasting well for now and the fridge is full after our shop yesterday. I panic-shopped and didn't have a list but the only unplanned spends were on two books for DS1. I don't mind though as he's getting really into the Roald Dahl books - we're on our second one now - and he's only 5 so I'm glad that he's enjoying them being read to him. He was starting to outgrow the likes of Julia Donaldson as a bedtime story (although he does still enjoy them) so we're reading a few chapters per night.

    Had to invest in two new pairs of trainers for both kids at the weekend, so that was 80.03 down but actually for 4 pairs of branded trainers, I think that's not too bad. It came out of my husband's extra earnings so no effect to the spending account. Will need to rectify this with a plan for a clothes/ shoes savings pot so that we're not thrown out when it next happens. Also need to start saving for new school uniform in August!

    Debts
    Loan payment is coming out this week so that'll be another dent into the balance, will bring it down to just over 18k so in May, we'll be dropping down another K bracket. Looking forward to that

    Everything else is just ticking along really, not much to report.

    Days until pay day: 11
    Days until weekend away (if it happens): 4
    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 16th Apr 18, 12:04 PM
    • 3,125 Posts
    • 9,835 Thanks
    monz
    My son loves Roald Dhal right now. Handy we tip. Go to spec savers and can cut out the gold bit that said Golden ticket.. my boy was over moon and free. Carries it everywhere 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)
    • fatrab
    • By fatrab 16th Apr 18, 12:45 PM
    • 748 Posts
    • 1,595 Thanks
    fatrab
    Mrs fatrab had similar infection last week, must be doing the rounds. Had cleared up in 3-4 days so hopefully you'll still get away


    I tend to buy my trainers at Sports Direct but M&M Direct have had some good deals recently. 80 for 4 pairs is pretty good though, even if they are kids sizes!
    You can have results or excuses, but not both.
    Wannabe debt free by Dec 2022 - Wannalose 3st in the process - 1st 11lb lost so far
    April's Goals - 16/21 NSD - 17/20 Lunches - 23/28 AFD - 23/31 TAFD (take away free days)
    31 x 2 coins (#32)
    • JoJoC
    • By JoJoC 16th Apr 18, 2:59 PM
    • 1,664 Posts
    • 6,063 Thanks
    JoJoC
    My son loves Roald Dhal right now. Handy we tip. Go to spec savers and can cut out the gold bit that said Golden ticket.. my boy was over moon and free. Carries it everywhere xx
    Originally posted by monz
    That's fab, i'll take a look! Thanks! I did wonder if he was a bit young for it, since he's only just learning to read and in P1 but actually he's loving the stories and every night when we go to start a new chapter, I ask him to recap what's happened so far and the amount of detail he can remember and understand is fab so I think his wee brain is good for it!

    I also love Roald Dahl, massive part of my childhood. The Twits is my favourite i think, so i'll need to add that one to the list.
    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 16th Apr 18, 3:02 PM
    • 1,664 Posts
    • 6,063 Thanks
    JoJoC
    Mrs fatrab had similar infection last week, must be doing the rounds. Had cleared up in 3-4 days so hopefully you'll still get away


    I tend to buy my trainers at Sports Direct but M&M Direct have had some good deals recently. 80 for 4 pairs is pretty good though, even if they are kids sizes!
    Originally posted by fatrab
    Your poor wife, glad she recovered well. The doc was pretty horrified at the state of him last night and said it'd likely take him a week to feel better and gave him a 10 day course of anti-bs. But I'm hoping that even a few days will get the worst of it out his system and if nothing else, going away for a weekend will allow him to relax and enjoy the fun without too much exertion. We have no plans while away anyway, so it'd be a shame for him to miss it.

    Yes, the kids trainers were from Sports Direct - they need to try them on! Two kids and came away with a size 9C, 9.5C, 12C and 13C and they're all Nikes! Both kids needed two different sizes, must be the style. That's why I avoid buying shoes for them online.
    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 16th Apr 18, 4:05 PM
    • 1,664 Posts
    • 6,063 Thanks
    JoJoC
    My husband is likely to be off all week this week - he might make a miraculous recovery and go back on Wednesday/ Thursday but I doubt it. The only saving grace is that he already booked annual leave for Friday.

    He doesn't get paid any sick pay so his wage next day will only be 1/5th of normal... not great but I'd rather he was healthy before going back. We'll manage to cover the extra outgoings with the savings that we have. Just glad they had been built back up a bit before this happened or I'd be worried. Not seriously worried, just in a bit of a tizz about not having enough to cover it. If he's off over 1 week, his income protection kicks in but of course we'll be hoping not to use that.

    Nothing much to achieve by posting this, just want to get it down and out of my head!
    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*
    • Storm89
    • By Storm89 16th Apr 18, 5:15 PM
    • 401 Posts
    • 663 Thanks
    Storm89
    Oh jojo I'm really sorry to hear about your husband. I hope he isn't poorly for much longer , having the annual leave booked is lucky (if that's even the right word in this situation!). These things are sent to try us so they say. Hope you're coping ok with having the kids and a poorly husband. Usually antibiotics do kick in quite quickly so hopefully he will feel not quite so rotten soon. Xx
    • JoJoC
    • By JoJoC 16th Apr 18, 6:34 PM
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    • 6,063 Thanks
    JoJoC
    Thanks Storm - fingers crossed. I've had my fill of the kids to be honest. It's not their fault, they're just bored because we haven't done a great deal over the weekend but between them playing up and me trying and failing to keep up with everything needing done at home plus get some work done, it's just been getting on top of me.

    I just need to let things go a bit and do what I need to do to get by rather than trying to achieve two whole people's worth of stuff in the same (actually, less) amount of time.

    He'll be better soon enough and we'll hopefully manage to chill out when we go away at the weekend. I think i'll go even if he's too sick to go - his mum will still have the kids for the weekend and we have 4 other friends going (plus it's for my birthday so it would be weird them celebrating my birthday without me being there). But I'm almost positive he'll be at least better enough to go and hang out not doing much.

    I'll look forward to the peace and quiet!

    In other news, i need jeans. Just found two holes in these and wondering how long they've been there and how long I've been almost exposing 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*
    • doingitanyway
    • By doingitanyway 16th Apr 18, 8:03 PM
    • 2,898 Posts
    • 14,111 Thanks
    doingitanyway
    Sorry about your hubby. The antibiotics should kick in soon.
    The kids are probably going a bit stir crazy too. Poor you. Take care
    JANUARY 2016/SECURED DEBT=24,822/March 2018=0 DEBT FREE 23/03/18
    MORTGAGE FREE 25/07/16
    • Storm89
    • By Storm89 17th Apr 18, 9:44 AM
    • 401 Posts
    • 663 Thanks
    Storm89
    Oops about the holey jeans haha. Treating yourself to a new pair will be well deserved I would say .
    • JoJoC
    • By JoJoC 17th Apr 18, 4:57 PM
    • 1,664 Posts
    • 6,063 Thanks
    JoJoC
    Yes, definitely well deserved but I'm not sure when I'll get round to going for them. It's a fate worse than death trying to go clothes shopping with my two boys in tow.

    Not much to report on today - the books are balancing well so far. Husband has been paid (on time for a change) so the accounts look healthy. I need to pay my dad the cash for our holiday accommodation in July and it's put aside so i'll do that tonight while I'm paying the old energy supplier bill. Trying to get myself organised.

    I've had to cancel my work trip - not sure my boss is too enamoured but when my husband can't stand up longer than a few seconds without feeling faint, he's certainly not well enough to look after the kids for two days and do the school/ nursery run. There's no way he'd be able to manage. I feel bad, but my family comes first and i'll be able to call into the meetings etc.

    No spends today - trying to hang off spending any cash until (IF) we go away this weekend when we'll need a tank of fuel and cash for food. Trying to be spend free until then!
    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*
    • Storm89
    • By Storm89 17th Apr 18, 8:40 PM
    • 401 Posts
    • 663 Thanks
    Storm89
    That's a shame about the work trip , is this the one you were looking forward to because all the food is paid for ? It does sound like a nasty infection I bet your husband feels rotten not being able to help out more. Keeping everything crossed he is well enough for the weekend.
    Haha I know what you mean about taking the boys shopping. I wouldn't dream of going clothes shopping with my kids , or my husband for that matter because the three of them are bad enough if they have to come aldi with me.
    • JoJoC
    • By JoJoC 18th Apr 18, 12:05 PM
    • 1,664 Posts
    • 6,063 Thanks
    JoJoC
    Yes, all my work trips have all paid so it just means a couple of days without spends when I'm away (food and fuel mainly). But it's no biggie, gets me more feeling like I've let people down but i'm doing what I can. My husband does feel guilty, but I'd rather he just relaxed and got better.
    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 18th Apr 18, 12:16 PM
    • 1,664 Posts
    • 6,063 Thanks
    JoJoC
    Wednesday
    So, it's Wednesday. It's a busy week by all account but not much is happening - contradiction in terms!

    Win
    Loan payment came out - 526 has come off our debt total!


    Loss
    Paid the remaining bill to old energy supplier today - 107.55 down

    Needs
    Need to find a reasonable deal on a microwave since ours has broken. We use it regularly for reheating dinner when one of us is footballing/ going to the gym and eating later. It isn't ESSENTIAL but it does make life a lot easier. I don't want to pay 80 for a mini microwave like the ones I saw in Sainsbury's last week. Will think on.

    Surveys
    I've been completely ignoring surveys lately but that's a mistake. I've just been busy but I know that I can make time for it.

    Today's progress has been:
    Onepoll: 1.30
    PA: 4.60 approved and 2.07 pending
    VO: 5.75
    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 18th Apr 18, 5:47 PM
    • 2,898 Posts
    • 14,111 Thanks
    doingitanyway
    Taking inspiration from you as you manage to fit in the gym with a full-time job and little ones. So must I!
    Debt total coming down nicely
    JANUARY 2016/SECURED DEBT=24,822/March 2018=0 DEBT FREE 23/03/18
    MORTGAGE FREE 25/07/16
    • Rachel24
    • By Rachel24 18th Apr 18, 6:42 PM
    • 156 Posts
    • 548 Thanks
    Rachel24
    Definitely worth checking amazon. I managed to get a Russell Hobbs one for 40. Kept it in my basket and it got reduced! So annoying because we're the same we use it to heat up dinners.
    • JoJoC
    • By JoJoC 18th Apr 18, 8:30 PM
    • 1,664 Posts
    • 6,063 Thanks
    JoJoC
    Thanks Rachel - i didnt think of Amazon which is weird because i check there for almost everything else in life! Will have a look!

    DIA- i could definitely do better with the gym but i do a lot better when i have a gym buddy. Once im back from my weekend away ill get back into my gym routine. Ive been neglecting it since before our holiday bar one or two visits.
    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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