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  • FIRST POST
    • Treadingonplaymobil
    • By Treadingonplaymobil 12th Feb 17, 9:56 AM
    • 1,709Posts
    • 17,594Thanks
    Treadingonplaymobil
    67,031.92 is a frightening number indeed....
    • #1
    • 12th Feb 17, 9:56 AM
    67,031.92 is a frightening number indeed.... 12th Feb 17 at 9:56 AM
    67,031.92. Seriously. 67,031.92. That is a SCARY number. I can't believe our debt has peaked (and it is the peak, I am determined) at this level.

    Our light bulb moment actually happened a few months back, but it's taken since then of wrangling utilities and carefully watching out income/outgoings (using You Need a Budget) to really figure out where we were overspending and how the monthly shortfall of anything from 200-1,000+ was happening.

    We have literally nothing to show for this debt, it's just crept up over the past 8 years or so, and has always been at manageable levels, but back in October we realised we were spending more on credit cards each month than we were paying off.

    We committed that cardinal sin of taking out a consolidation loan, but alongside it we looked really carefully at our spending over the next couple of months, budgeted realistically for what we spend and have (I think) picked off all the easy 'low hanging fruit' of budget cuts and really identified why we were overspending.

    The main reason for the debt is, erm, me. Not that I'm the biggest spender (neither of us are amazing), but because I am self employed with a hugely variable income and basically worked out our budgets on the basis I would always earn my 'best' month's income. Which was, with hindsight, maybe a TINY bit deluded.

    The aim of this diary is to keep us on track with actually reducing our debt every single month, not doing it in a three steps forward, two (or four) steps back sort of way. Having sat down and put our numbers into the whatsthecost site, it appears that we are looking at 7 years and 1 month of repayments to clear the debt (and that's assuming we can get rid of the shortfall showing below). I REALLY want to reduce this term as that just seems bonkers.

    SOA below, with a couple of explanatory notes.

    Statement of Affairs and Personal Balance Sheet

    Household Information

    Number of adults in household........... 2
    Number of children in household......... 3
    Number of cars owned.................... 1

    Monthly Income Details

    Monthly income after tax................ 250 (variable, but this is the minimum I have earned in any month in the last 5 years)
    Partners monthly income after tax....... 2711.86
    Benefits................................ 192
    Other income............................ 0
    Total monthly income.................... 3153.86


    Monthly Expense Details

    Mortgage................................ 698
    Secured/HP loan repayments.............. 0
    Rent.................................... 0
    Management charge (leasehold property).. 0
    Council tax............................. 174 (including overpayment for a period when we messed up during a house move 18 months ago and didn't restart the direct debit for the new property. Will drop by a little under 50 after either March or April, can't remember which)
    Electricity............................. 52 (gas and electricity are one combined DD, I haven't checked the exact split but the total is 104)
    Gas..................................... 52
    Oil..................................... 0
    Water rates............................. 104 (also including a debt from previous property, but I think this will be included for another 6 months or so. I'm not sure what our actual usage is)
    Telephone (land line)................... 18.5 (includes internet)
    Mobile phone............................ 85 (45 for my contract, which I use for work as well, 40 for DH)
    TV Licence.............................. 12.12
    Satellite/Cable TV...................... 0
    Internet Services....................... 0 (included in landline cost)
    Groceries etc. ......................... 520 (Includes 40 for one lot of school lunches. I am REALLY struggling to reduce this, but feel I could and should be able to!)
    Clothing................................ 100 (growing children, plus see notes below re clothes)
    Petrol/diesel........................... 225 (90% DH commuting costs)
    Road tax................................ 16.27
    Car Insurance........................... 25.22
    Car maintenance (including MOT)......... 30
    Car parking............................. 0
    Other travel............................ 50
    Childcare/nursery....................... 70 (this will disappear in April as child 3 gets free 15 hours)
    Other child related expenses............ 81.85 (music/swimming lessons x2, cubs and beavers, National Trust membership as they love visiting them)
    Medical (prescriptions, dentist etc).... 5
    Pet insurance/vet bills................. 0
    Buildings insurance..................... 27.07
    Contents insurance...................... 0
    Life assurance ......................... 16.26
    Other insurance......................... 0
    Presents (birthday, christmas etc)...... 90
    Haircuts................................ 20
    Entertainment........................... 135
    Holiday................................. 75
    Emergency fund.......................... 25
    Total monthly expenses.................. 2707.29



    Assets

    Cash.................................... 0
    House value (Gross)..................... 210000
    Shares and bonds........................ 0
    Car(s).................................. 800
    Other assets............................ 0
    Total Assets............................ 210800



    Secured & HP Debts

    Description....................Debt......Monthly.. .APR
    Mortgage...................... 173733...(698)......3.14
    Total secured & HP debts...... 173733....-.........-


    Unsecured Debts
    Description....................Debt......Monthly.. .APR
    Barclaycard....................6880.21...156...... .0
    MBNA...........................9614.71...98....... .0
    Parental loan..................20000.....0.........0 (see notes below)
    Tesco loan.....................21000.....377.......10
    Total unsecured debts..........57494.92..631.......-



    Monthly Budget Summary

    Total monthly income.................... 3,153.86
    Expenses (including HP & secured debts). 2,707.29
    Available for debt repayments........... 446.57
    Monthly UNsecured debt repayments....... 631
    Amount short for making debt repayments. -184.43


    Personal Balance Sheet Summary
    Total assets (things you own)........... 210,800
    Total HP & Secured debt................. -173,733
    Total Unsecured debt.................... -57,494.92
    Net Assets.............................. -20,427.92


    Created using the SOA calculator at stoozing.
    Reproduced on Moneysavingexpert with permission, using other browser.


    Regarding the (relatively) high clothes expense, it is a combination of 3 growing children (8, 6 and 3), plus the fact that my job is in the fashion industry, and as a self employed person I need to have the right sort of 'look' in order to get work (think along the lines of a self employed personal shopper - people need to see you looking good in order to book with you).

    The parental loan was for a house deposit. The parent in question has no idea about our debts. She is not desperate for the money back and isn't charging us interest, but has asked us to save 150-200 every month into a savings account and then once we've saved a decent sum to either repay them or 'reborrow' it for work on the house (basically they want us to be able to make repayments if they suddenly need the extra income, but meanwhile are happy for us to benefit from it. I am not saving the money while our debt payments are so high - we are hoping to have paid enough off that if the parent ever needs it that we can reborrow it and pay them back). This isn't great, but realistically I think the best solutions is to treat it as the lowest priority for snowballing - once we have paid back the other debts we will throw the entire 630+ at this debt.

    So, there is a freaking enormous shortfall every month, which is somewhat depressing. Most months it is covered by the fact that I earn more than my 'bare minimum', but it is those months where it isn't covered that the debt creeps up again, and I am a total disaster for going 'oh well, we've spent on the credit card, we might as well keep going' and buying more clothes or something for the house - this is probably a significant proportion of our debt problem.

    We have managed to get rid of the balance on the one credit card we were spending on, so the remaining ones are both on 0% deals (although one expires in September). I have not cut up the remaining credit card, because we don't have an emergency fund in case of eg boiler repairs, but it has not been used for all of a month, and I hope to keep it that way.

    A DMP or similar isn't really on my horizon right now - I feel like we should be able to make the cuts to make our budgets balance, and I am optimistic that as my income goes up (when I can work more as child 3 starts school) that we will be able to make overpayments.

    My plan for now is:
    1) Try to wiggle those budget numbers around enough that we don't have a shortfall any more.
    2) Make a plan for any months where I make extra - do I use it for an emergency fund, as a fund to cover future months' shortfalls, to throw money at the debt to try to reduce minimum payments in case of future 'shortfall' months?
    3) Try to make more money. Not quite sure how this will work as I am largely limited to working around DH's working hours (I work evenings and weekends and the 5hrs childcare per week we are paying for for child 3).

    Now that's all down in black and white I am feeling a combination of relieved (to be clear on the numbers) and immensely stressed (by the semi-regular 180+ shortfall).

    Onwards and downwards (for the debt, not me)!

    edited to add: the original 67,031.92 figure was based on the total figure for the Tesco loan, which included all interest payable over the entire term of the loan. I have updated the debt figure in my signature and in all posts going forward as at 4th June 2017 to reflect that actual current debt balance rather than the balance plus interest over the lifetime of the loan. This has knocked 7,911.62 off the debt figure, but means that each monthly payment will have the interest for that month deducted from it, so it won't affect the DFD if I don't make overpayments.
    Last edited by Treadingonplaymobil; 04-06-2017 at 2:58 PM.
Page 161
    • JoJoC
    • By JoJoC 9th May 18, 3:01 PM
    • 1,128 Posts
    • 6,894 Thanks
    JoJoC
    That rounding down pot is looking so healthy considering it's only 9th May! Wonder what your end of month figure will be this month?

    Even looking at it as 30 p/m, that'll be an extra 360 over the course of the year and you'd have never said that you'd have that flexibility in your budget to achieve that sum. It's impressive!

    Hope you managed to enjoy your yoga this morning - I'm heading to my yoga class at 8pm tonight. I've been neglecting it of late.
    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*
    • Treadingonplaymobil
    • By Treadingonplaymobil 10th May 18, 5:40 AM
    • 1,709 Posts
    • 17,594 Thanks
    Treadingonplaymobil
    Week 65: Day 4

    Morning! Still away for work so not a lot of exciting things going to be achieved today (apart from work, obv!).

    Did a decent yoga practice yesterday, but still spent much of the day feeling bleurgh and bloated - my gut hasn't been happy since I was ill a few weeks ago. I think all my healthy bacteria got killed off! Might make the effort with live yoghurt and gut healing soup for a few days when I get back home.

    Made a little money yesterday so the extension savings figure has been updated. It's down to its lowest figure yet, but I'll feel much happier if/when it's dropped significantly. Had to pay 350 to the water board yesterday in advance of them coming to inspect the sewer outside our house to decide whether we can build over it, which is part of the 5k budgeted that I need to save for this year, but still rather concentrates the mind. Such a big chunk of money to spend.

    Feel like I'm inching towards lots of debt goals but nothing very exciting is happening - I'm 650 away from my next 1,000 barrier on the CCs (13k), 120 away from the halfway point of my debt repayment goals for the year, 1,600 away from my extension savings goals (on top of what I'll save each month as part of our SOA). Not moving very quickly, but at least it's all moving in the right direction when it does move.

    Three things to do yesterday
    1. Make packed lunch to take with me to work today.
    2. Pack for 2 days away (not that I'm doing everything last minute or anything...).
    3. Make granola for the DCs breakfast either today or tomorrow (depending on whether it's made before they are up!).


    Three things to do today
    1. Use travelling time to clear emails.
    2. Plan tomorrow's work.
    3. Do yoga as soon as I post this and try to eat healthily all day!

    Mini goals:
    - 21.47/30 May rounding down pot.
    - 2,388.07/5,000 2018 debt repayment goal.
    - 27.39 daily earning goal.
    67,031.92 is a frightening number indeed... The debt free diary of one family and their enormous debt
    LBM debt on 12th Feb 2017: 38,608 unsecured debt/20,000 parental loan/173,282 mortgage = 231,890
    debt on 1st Sept 2018: 12,221.27 unsecured debt/19,940 parental loan/191,003.72 mortgage = 223,165
    • Honeysucklelou2
    • By Honeysucklelou2 10th May 18, 11:25 PM
    • 1,078 Posts
    • 4,989 Thanks
    Honeysucklelou2
    That's impressive to think you are 120 away from the halfway point of your debt repayment goal for this year, especially as you are writing this in early to mid May. Well done!
    paydbx #93 804.50/8,000.
    Loan 17k - paid off in Aug 2017. Home improvement loans 3342 March 2017. 2994 in Aug 18
    • Treadingonplaymobil
    • By Treadingonplaymobil 11th May 18, 5:18 AM
    • 1,709 Posts
    • 17,594 Thanks
    Treadingonplaymobil
    Week 65: Day 5

    Home sweet home. Got back home late last night after a loooonnnnnng and somewhat dull day yesterday. Looking forward to a quiet couple of hours with DC3 this morning after dropping the older two at school before I have to start the next round of tidying and cleaning - have the architect coming this evening then clients again tomorrow.

    I'm quite relieved that after tomorrow I am completely unbooked for the forseeable (the beginning of the inevitable summer slowdown). I have a couple of client enquiries in the pipeline, but nothing booked in yet, and I really need to focus some time and attention on my own website so I can begin to make some progress on my long term plan of having an income not reliant on someone else. I'm not too worried about work drying up for summer as I have my income buffer in place until September, and I think the invoice for this month's contract work will give me a buffer until October, by which time hopefully things will have picked up again, and I should get the occasional client booking to boost things too. So while it might not be exciting levels of debt repayment over the summer, I should be able to keep things going.

    Speaking of debt repayment, I'm now just a couple of quid away from paying back 2,400 of my 5,000 goal for the year. I really want to hit the halfway point by the end of the month, but I'm not completely sure it's going to happen. There's 28.50 to come out for the Virgin CC towards the end of the month, but finding 75 extra before then may be a bit beyond me. We'll see. No major movement on the daily earnings goal either - it's gone up slightly as I didn't earn anything yesterday (I'll be paid for the work done yesterday at the end of the month/beginning of next month, and will count it then).

    I was chatting to a woman I was working with yesterday, and was really struck by how some people really seem to be able to achieve an almost limitless amount. She had very similar values to me (low plastic, unprocessed food, being around for her three DCs etc) and had also done recent house renovations but seemed to be achieving so much more in her business than I do, seemingly by really really focusing on it in the time she gets. I still feel like I'm trying to find the balance between the crazy stress levels at the end of last year when I was working every hour there was, and this year when I have really given myself a bit of an easy ride, and maybe arranged a few too many weekday coffees and weekend days off work when I should be working. I'm sure there's a better balance to be found, hopefully I can inch my way there.

    I have a long old list of things to do today, and I need to check in with DH who had a long list of things to do this week too. No rest for the wicked!

    Three things to do yesterday
    1. Use travelling time to clear emails.
    2. Plan tomorrow's work.
    3. Do yoga as soon as I post this and try to eat healthily all day!

    To do today (somewhat more than three things...)
    1. Social media post - I have got back on it this week and want to keep momentum up.
    2. Order presents for a friend and her DC, who both have birthdays next week.
    3. Menu plan and food shopping list.
    4. Food shopping.
    5. Paint a tile in the bathroom where the paint has peeled off - looks so tatty for clients coming tomorrow.
    6. Check for dietary restrictions for tomorrow's clients.
    7. Make soup for clients tomorrow.
    8. Bake biscuits for clients tomorrow.
    9. Order lip balm (want to find a natural one in tins I can then reuse to make my own at a later date).
    10. Chase DC2's sticker subscription, which hasn't shown up this month.
    11. Tidy and clean for clients tomorrow.
    12. Save ebay search for camping trailer.
    13. Read an email from preschool that needs some attention and a response.
    14. Finish contract work for next week.
    15. Plan weekend work.
    16. Check in with DH about his list and the family meeting list from last week.

    Mini goals:
    - 24.35/30 May rounding down pot.
    - 2,398.38/5,000 2018 debt repayment goal.
    - 27.51 daily earning goal.
    67,031.92 is a frightening number indeed... The debt free diary of one family and their enormous debt
    LBM debt on 12th Feb 2017: 38,608 unsecured debt/20,000 parental loan/173,282 mortgage = 231,890
    debt on 1st Sept 2018: 12,221.27 unsecured debt/19,940 parental loan/191,003.72 mortgage = 223,165
    • Kittychick
    • By Kittychick 11th May 18, 8:08 AM
    • 248 Posts
    • 633 Thanks
    Kittychick
    I think it's dangerous to compare yourself to others. You are seeing what she feels happy showing you. Even if she is some kind of wonder woman that doesn't mean you should make yourself ill to keep up. You are making big steps in a way that suits you, your family, your physical and mental wellbeing. Keep going x
    • JoJoC
    • By JoJoC 11th May 18, 9:38 AM
    • 1,128 Posts
    • 6,894 Thanks
    JoJoC
    I agree wholeheartedly with Kittychick. As hard as it may be, and i succumb to it sometimes myself, you only learn from people what they want you to see and more often than not, it's just the good, not the bad.
    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*
    • Treadingonplaymobil
    • By Treadingonplaymobil 11th May 18, 1:11 PM
    • 1,709 Posts
    • 17,594 Thanks
    Treadingonplaymobil
    JoJoC and Kittychick I'm sure you're both right, but I feel like I've had a run of meeting people recently who are achieving huge amounts without compromising the things they do for their families. I'm just so aware of how far we've got to go with the debt and getting the house done and everything, and I see these women doing it all while managing a house and I feel like a bit of a disaster area!

    List update, to keep my head straight with everything that needs doing today...

    To do today (somewhat more than three things...)
    1. Social media post - I have got back on it this week and want to keep momentum up.
    2. Order presents for a friend and her DC, who both have birthdays next week. I have had a genius idea for a joint present for both of them, but have messaged the husband to see whether they already have one.
    3. Menu plan and food shopping list.
    4. Food shopping. DH is doing this right now as he finishes early on a Friday.

    5. Paint a tile in the bathroom where the paint has peeled off - looks so tatty for clients coming tomorrow.
    6. Check for dietary restrictions for tomorrow's clients. None.
    7. Make soup for clients tomorrow. Don't need to do this as we will be done earlier than I had initially thought.
    8. Bake biscuits for clients tomorrow.
    9. Order lip balm (want to find a natural one in tins I can then reuse to make my own at a later date).
    10. Chase DC2's sticker subscription, which hasn't shown up this month. It's just arrived, saving me a job!
    11. Tidy and clean for clients tomorrow.
    12. Save ebay search for camping trailer.
    13. Read an email from preschool that needs some attention and a response.
    14. Finish contract work for next week.
    15. Plan weekend work.

    16. Check in with DH about his list and the family meeting list from last week.

    Mini goals:
    - 24.35/30 May rounding down pot.
    - 2,398.38/5,000 2018 debt repayment goal.
    - 27.51 daily earning goal.
    Last edited by Treadingonplaymobil; 11-05-2018 at 1:13 PM.
    67,031.92 is a frightening number indeed... The debt free diary of one family and their enormous debt
    LBM debt on 12th Feb 2017: 38,608 unsecured debt/20,000 parental loan/173,282 mortgage = 231,890
    debt on 1st Sept 2018: 12,221.27 unsecured debt/19,940 parental loan/191,003.72 mortgage = 223,165
    • Chrystal
    • By Chrystal 11th May 18, 1:35 PM
    • 408 Posts
    • 2,616 Thanks
    Chrystal
    I think people who achieve a lot more than we think we could don't work harder, they just work smarter.

    You seem to 'make soup, bake biscuits etc whenever you have clients coming, which takes up valuable time. This is the sort of thing that needs sorting. If you HAVE to provide homemade stuff for clients then why aren't you batch cooking it so that all you need to do is take it out of the freezer before they come.
    Time management is your biggest problem so looking at the small things that can be compressed will be a great start. X
    I Believe.....
    That it isn't always enough, to be forgiven by others.
    Sometimes, you have to learn to forgive yourself.
    • Sea Shell
    • By Sea Shell 11th May 18, 2:09 PM
    • 947 Posts
    • 1,497 Thanks
    Sea Shell
    These wonder women of whom you speak could be miserable as sin on the inside, and crying into their cornflakes every morning.

    Don't think about how they keep their plates spinning...just concentrate on your own plates.
    " That pound I saved yesterday, is a pound I don't have to earn tomorrow "
    • XSpender
    • By XSpender 11th May 18, 3:28 PM
    • 3,051 Posts
    • 31,284 Thanks
    XSpender
    I read what you achieve on your diary and think youre a Wonder Woman. Apart from work and feeding everybody not much gets done here during the week
    Will update when remortgage gone through....

    Big black hole of debt - 53,515.15 @ 16.12.17
    • Silver Queen
    • By Silver Queen 11th May 18, 4:01 PM
    • 469 Posts
    • 2,135 Thanks
    Silver Queen
    I definitely agree that you're pretty wondrous yourself, TOPM.
    Debt Totals September 2018::
    350 Natwest Credit Card / Now 0 (paid off and closed 04/2017) 15,500 postgrad loan from parents/ Now 9,250 500 train ticket loan from parents / Now 0 (paid off 16/02/18) 2,000 Overdraft Now 0 (paid off 09/03/18)
    • JoJoC
    • By JoJoC 11th May 18, 6:36 PM
    • 1,128 Posts
    • 6,894 Thanks
    JoJoC
    If you're a disaster area then I'm a disgrace!
    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*
    • Treadingonplaymobil
    • By Treadingonplaymobil 11th May 18, 8:26 PM
    • 1,709 Posts
    • 17,594 Thanks
    Treadingonplaymobil
    Chrystal I am blaming you entirely for the current biscuit situation in my house . Inspired by your post, I decided to make a big batch of freezer biscuits (where you make the dough and freeze it in sausage shapes, then just cut off and bake as necessary). Of course, the architect showed up once they were in the freezer and DH, having seen me make the dough, decided to be helpful. And baked them all. We have about four dozen biscuits! And of course they won't freeze well because they aren't made to be frozen once cooked. Although I may freeze them and dole them out to the DCs this week, whose standards are far lower than mine.

    List update...

    To do today (somewhat more than three things...)
    1. Social media post - I have got back on it this week and want to keep momentum up.
    2. Order presents for a friend and her DC, who both have birthdays next week.

    3. Menu plan and food shopping list.
    4. Food shopping.
    5. Paint a tile in the bathroom where the paint has peeled off - looks so tatty for clients coming tomorrow.

    6. Check for dietary restrictions for tomorrow's clients. None.
    7. Make soup for clients tomorrow. Don't need to do this as we will be done earlier than I had initially thought.
    8. Bake biscuits for clients tomorrow.
    9. Order lip balm (want to find a natural one in tins I can then reuse to make my own at a later date).
    10. Chase DC2's sticker subscription, which hasn't shown up this month. It's just arrived, saving me a job!
    11. Tidy and clean for clients tomorrow.
    12. Save ebay search for camping trailer.
    13. Read an email from preschool that needs some attention and a response.
    14. Finish contract work for next week.
    15. Plan weekend work.
    16. Check in with DH about his list and the family meeting list from last week.


    Guess I'd better get cleaning!

    Mini goals:
    - 24.35/30 May rounding down pot.
    - 2,398.38/5,000 2018 debt repayment goal.
    - 27.51 daily earning goal.
    67,031.92 is a frightening number indeed... The debt free diary of one family and their enormous debt
    LBM debt on 12th Feb 2017: 38,608 unsecured debt/20,000 parental loan/173,282 mortgage = 231,890
    debt on 1st Sept 2018: 12,221.27 unsecured debt/19,940 parental loan/191,003.72 mortgage = 223,165
    • DawnW
    • By DawnW 11th May 18, 8:45 PM
    • 5,220 Posts
    • 41,311 Thanks
    DawnW
    We have about four dozen biscuits! And of course they won't freeze well because they aren't made to be frozen once cooked. Although I may freeze them and dole them out to the DCs this week, whose standards are far lower than mine.
    Originally posted by Treadingonplaymobil
    I'm sure the DCs will be delighted to oblige and polish them off

    • Chrystal
    • By Chrystal 11th May 18, 10:47 PM
    • 408 Posts
    • 2,616 Thanks
    Chrystal
    Chrystal I am blaming you entirely for the current biscuit situation in my house . Inspired by your post, I decided to make a big batch of freezer biscuits (where you make the dough and freeze it in sausage shapes, then just cut off and bake as necessary). Of course, the architect showed up once they were in the freezer and DH, having seen me make the dough, decided to be helpful. And baked them all. We have about four dozen biscuits! And of course they won't freeze well because they aren't made to be frozen once cooked. Although I may freeze them and dole them out to the DCs this week, whose standards are far lower than mine.
    .
    Originally posted by Treadingonplaymobil
    Mea culpa Mea culpa
    I Believe.....
    That it isn't always enough, to be forgiven by others.
    Sometimes, you have to learn to forgive yourself.
    • Treadingonplaymobil
    • By Treadingonplaymobil 12th May 18, 6:21 AM
    • 1,709 Posts
    • 17,594 Thanks
    Treadingonplaymobil
    Week 65: Day 6

    Still laughing at the biscuit situation. SO MANY BISCUITS.

    Clients this morning, so I am, naturally, lolling in the bath trying to avoid getting on with everything I need prepare before they arrive (gosh, I wonder why these women I meet are achieving more than me... ).

    No financial updates this morning. Food spend for the month is already looking horrifying, but I just haven't got the will to work on it. I am so enjoying eating avocados and pomegranates on my salads, and a decent mix of seeds and nuts in my granola that I just can't face it. The big gluten experiment (also wildly expensive) doesn't seem to have been an enormous success - both DC definitely have healthier guts but are not completely 'cured', and I'm wondering whether the improvements we have seen are largely because I have replaced so much bread/pancake/waffle/pasta with fruit and veg and 'ancient grain' gf replacements rather than processed gf alternatives because so many of the gf options are (a) processed and (b) not actually that nice. I'm contemplating experimenting with keeping the processed/grain based food intake right down and focusing on healthy gut foods for a few weeks to see whether that does anything. DH is desperate for it not to be gluten which isn't helping (I think he doesn't believe in anything short of being coeliac, coming from a family with no allergies, and doesn't understand the misery of a non-critical allergy - I suffer from hay fever and a dust/mould allegy).

    I will pop back shortly with a list for today, as I really must wash my hair and get out of the bath before I turn into a prune.

    To do today
    1. Write to do list

    Mini goals:
    - 24.35/30 May rounding down pot.
    - 2,398.38/5,000 2018 debt repayment goal.
    - 27.62 daily earning goal.
    67,031.92 is a frightening number indeed... The debt free diary of one family and their enormous debt
    LBM debt on 12th Feb 2017: 38,608 unsecured debt/20,000 parental loan/173,282 mortgage = 231,890
    debt on 1st Sept 2018: 12,221.27 unsecured debt/19,940 parental loan/191,003.72 mortgage = 223,165
    • Sea Shell
    • By Sea Shell 12th May 18, 7:02 AM
    • 947 Posts
    • 1,497 Thanks
    Sea Shell
    Just be careful you don't drop your i-pad in the bath!!!! That wouldn't be very MSE would it!!!
    " That pound I saved yesterday, is a pound I don't have to earn tomorrow "
    • PurpleFairy26
    • By PurpleFairy26 12th May 18, 7:37 AM
    • 2,343 Posts
    • 15,822 Thanks
    PurpleFairy26
    I'm with you on food TOPM not only are the pricing rising it seems everytime I go to the supermarket but nuts, seeds and other lovely things are rising faster than boring stuff like value pasta. Couple of things that may help:

    C0stco is cheap for nuts and although they come in a big bag, they don't go off
    Also by using the 'shopping' search on g00gle it will compare the best price of things, I use this for nuts as they vary wildly
    Mr t do frozen avocado and pomegranate seeds. Much cheaper than fresh and whilst I was originally VERY sceptical I bought the avocados when mr PF developed an aversion to the green pear after making himself a lunch with a whole, rather large avocado in it and went off them. As they come in halves it meant I could still indulge, and with a bit of saving then fresh. I do still by fresh if they are on offer etc... but maybe a viable alternative.
    • Treadingonplaymobil
    • By Treadingonplaymobil 12th May 18, 8:20 AM
    • 1,709 Posts
    • 17,594 Thanks
    Treadingonplaymobil
    I use DH's phone in the bath - he has a fancy pants waterproof case (and a cheaper phone)!

    *Purplefairy* I look at people who shop in 900 different shops to get the best price with enormous admiration, but I just can't see it happening. We already do Aldi (or Lidl, depending on which town we're in)/Sainsburys and then occasionally local grocer/zero waste shop. Adding another shop or two just feels totally beyond me, even if it's only once a month or so. I start to get into internal debates about my increased income if I work for the amount of time it would take me to go to the other shop etc etc... Will consider it though, depending on the figures at the end of this month when we really aren't being terribly careful.

    Right, list...

    To do today
    1. Tidy up after clients.
    2. Pop into town for missing bits from yesterday's food shop.
    3. Take cash out for DC1's school residential (and enjoy the smugness of having budgeted for it and having the money ready to go).
    4. Make granola.
    5. Paint toenails and generally make feet more socially acceptable.
    6. Order sleeping bag/mat for DC1.
    7. Paint remaining tiles in bathroom.

    Mini goals:
    - 24.35/30 May rounding down pot.
    - 2,398.38/5,000 2018 debt repayment goal.
    - 27.62 daily earning goal.
    Last edited by Treadingonplaymobil; 12-05-2018 at 8:58 AM.
    67,031.92 is a frightening number indeed... The debt free diary of one family and their enormous debt
    LBM debt on 12th Feb 2017: 38,608 unsecured debt/20,000 parental loan/173,282 mortgage = 231,890
    debt on 1st Sept 2018: 12,221.27 unsecured debt/19,940 parental loan/191,003.72 mortgage = 223,165
    • armchairexpert
    • By armchairexpert 12th May 18, 9:11 AM
    • 800 Posts
    • 5,275 Thanks
    armchairexpert
    My food shopping routine is a bit ridiculous. Once a month I go to Costco and the nearby butcher which always has good yellow-sticker specials (both are 45 minutes drive, so not worth going more often). Weekly I do Aldi, then another supermarket to top up with the things my family insists have to be Certain Brands, then the greengrocer for all the fresh stuff, and if I need fresh fish that's another stop again. It's all within a short distance, so I'm not spending more on petrol than I save, but still ridiculous.

    Anyway, I was coming to post for another reason. You said a few pages back:

    Dragging things back to reality and positivity again, today is the 1st of the month, which means my daily earnings target begins today. Remember I said I was breaking down what I need to earn for the rest of the year (to meet our extension savings goals) down into daily chunks? Well I've worked out the total remaining for the year after the boost of the bonus etc and broken it down into a daily net (post tax) profit goal. Each day that I earn over the goal, the daily goal will reduce, and each day that I don't earn anything, it will increase. As of today, the daily earnings goal stands at 28.69 for each of the remaining 245 days of the year. As an example, if I earn nothing today (which is likely), then tomorrow it will go up to 28.81, as I will need to earn fractionally more each day to cover the days I haven't earned. I'm hoping that the pressure of seeing it go up with incentivise me to come up with some new earning ideas and selling those few things we have kicking around the house that are worth something, and generally do everything I can to keep things on the straight and narrow!
    Since I have a similar thing going on, I wondered if you had an actual formula or spreadsheet for this? Or do you manually calculate? I tend to run rough numbers in my head but would quite like to be more serious about it.
    MFW diary here. 1 Feb 2017 $229,371 - MFD Feb 2043 aiming for May 2028
    14 August 2017 - Refinanced: $220,000
    May 2018 $211,274.60 Current MFD 31 June 2035
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