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  • FIRST POST
    • Treadingonplaymobil
    • By Treadingonplaymobil 12th Feb 17, 9:56 AM
    • 1,620Posts
    • 16,580Thanks
    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 174
    • apple muncher
    • By apple muncher 4th Jul 18, 6:51 AM
    • 7,480 Posts
    • 56,351 Thanks
    apple muncher
    Just to say that if dc3 has gluten issues, then oats will still aggravate that as they contain a v similar protein and are often processed in places that also process gluten-containing grains. Some people cannot tolerate even gluten free oats either. Glad her tummy issues have reduced, but wanted to let you know that oats aren't gf.


    (sneaks back to lurkdom)
    NST Survive July #4; NSD 9/15; Ex 13/20 ; craft / (77); remove 29 (509)
    2018 Pay off: 2334; 2
    018 sell 49.10; WLOSW /10

    Mortgage 20,809 (01/14: 78,201; 01/15: 59,629; 01/16: 39,915; 01/17: 27,295; 01/18 23,143) MFWDate Dec 2018
    • ellen vannin
    • By ellen vannin 4th Jul 18, 10:22 AM
    • 236 Posts
    • 1,083 Thanks
    ellen vannin
    Well done on the POSITIVE figure , these things really make a difference to the mindset.

    And congrats on your Premium bond win ! That will encourage you to leave the money there or add to it if possible.
    • Cherryfudge
    • By Cherryfudge 5th Jul 18, 12:31 PM
    • 1,861 Posts
    • 10,096 Thanks
    Cherryfudge
    - I made panzanella for dinner last night, which is a brilliant budget meal - I make it with tinned tomatoes and leftover slightly stale sourdough, so it's super-cheap. I'm sure it would be miles nicer with fresh toms, but it's perfectly acceptable with tinned - I add a dash of vinegar and sugar to up the flavour.
    - Mango sorbet - I think I already mentioned this one, but two tins of mango puree and some sugar syrup (made by heating sugar and water) in the ice cream maker for 20 minutes and semi-healthy mango sorbet appears! Not super cheap at 2 for two tins, but that makes 900g, compared to 2+ for 500ml of actual sorbet.
    Originally posted by Treadingonplaymobil
    Both of those sound perfect for us so I've just been copying them out. Thanks
    MFW #30 Paid off 2,109.13/3770 as of 12/7/18
    • Suffolk lass
    • By Suffolk lass 6th Jul 18, 6:12 AM
    • 1,993 Posts
    • 21,178 Thanks
    Suffolk lass
    Have you explored using vanilla paste to make extract? I have a large jar of the Nielsen-Massey one that Lakeland sell for about 16 that has been lurking untouched in my cupboard and I wondered if I could re-pupose it to make extract. You said it takes about six months to "mature" so I am thinking about it for Christmas.
    MFiT T4 #2 update 88.72% after Q9 tiny bit ahead of where I should be
    Save 12k in 2018 #53 - after June 55.17% 5,517.10/10,000
    OS Grocery Challenge 2018 spent 1,288.55/3,000 including stores so far 42.95% of my annual budget at the end of June
    My DFD is here
    • enthusiasticsaver
    • By enthusiasticsaver 6th Jul 18, 12:08 PM
    • 6,722 Posts
    • 14,299 Thanks
    enthusiasticsaver
    Lots of positives in your latest post. As you do long posts I thoroughly agree that posting less often is a better use of your time especially if you don't lose motivation.

    Congrats on premium bond win and having your August salary and expenses covered.
    Debt free and mortgage free and early retiree. Living the dream

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages and Endowments, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • Treadingonplaymobil
    • By Treadingonplaymobil 7th Jul 18, 7:07 AM
    • 1,620 Posts
    • 16,580 Thanks
    Treadingonplaymobil
    Week 73: Day 6

    Wow, this weather just keeps on going and going, doesn't it! I honestly can't remember the last time we had a long hot summer like this. No doubt it will break just in time for the summer holidays, but at least we've all had a good dose of sunshine meanwhile.

    It is a bit weird getting used to not stopping by here every morning, but I've really noticed how much time it's freed up. And so far no mad overspending caused by only coming by 3x a week instead of daily. For anyone starting out, I can not recommend daily posting highly enough - I know for a fact that I would have tailed off and lost enthusiasm without the honesty check of a daily check-in here.

    So pleased to have a lovely quiet weekend at home after two weekends with long drives and family get togethers. DH is doing more overtime today, so I'm going to get Saturday sweets, play in the garden and watch the football with the DCs, then tomorrow we are going to friends' for lunch. I need to menu plan and shop for a cheap-ish week this week after last week's monster food shopping bill, must try and do that today too.

    My smaller business has been making a little extra this month with the extra time I've allocated to it, which is pleasing - I'm relying on that business growing over the coming few months to help take some of the slack when I eventually manage to stop being client facing.

    I am trying to work out how to keep our budget on track in the face of some mega holiday spends - we have three camping trips booked in, and need to pay the balance on two of them still (the third was paid for the other day), which I had somehow completely gone into denial about (read: forgotten) during last month's budget disaster area. It's a total of 300 between the two trips. I'm inclined to let my 'holidays' budget pot sit at a negative number in YNAB rather than borrowing from other pots, as that will be covered by August, September and October's holiday savings, and we have enough balance in our account to cover that 'shortfall' meanwhile. I think if I top the holiday pot up I will instantly forget that my budget actually isn't balancing and will be lulled into a false sense of security, whereas I find it intensely irritating to see a red number when I log on to YNAB each day, so that's quite a good reminder. I currently have three red numbers in YNAB - holidays, DH's expenses claim (due to be paid next week) and costs for something I bought for my mother which she will pay me back for next week. It annoys me immensely. Which it probably a good thing!

    I had to spend a good chunk of our entertainment kitty for this month on a new family railcard and train tickets for next week for DH to travel with the DC up to meet me for my sister's wedding (I am driving up earlier in the week to help with prep), but since we're a week into the month with no other entertainment spends so far and should have a low/no spend weekend I'm not too alarmed. Then next weekend is the wedding so no spending opportunities. The only challenge is going to be making sure we have food for journeys. The railcard saved more than its own cost on this one journey, which is pleasing. Hopefully we'll use it again at some stage this year - the DCs love getting the train.

    Ooh, I've just updated my signature after paying my barclaycard statement for the month and I am less than 5 away from being in the 12,000s! I will try to shuffle things around to get into the 12s this weekend. Also have finally paid over 3,000 off debt so far this year.

    I've just ordered vanilla pods - I think someone asked me to link. I've bought 20 from here, as apparently Grade B are fine for vanilla extract. From the recipe I've been using, between 12-20 is right for a litre, depending on size - I think I used 16 last time, so I have a few leftover.

    Suffolklass never thoughts about using the paste, but I can't see why it wouldn't work. Hard to judge how much paste equates to how many vanilla pods though, and I suppose one might as well just cook with the paste.

    Apple muncher I have heard that re oats, but frankly if it is that, it isn't aggravating her enough for me to cut oats - she has a bit of intermittent bloating still, but no pain at all, and I don't think I can face cutting out oats as well! I will consider if it her symptoms get worse though.

    To do this week
    1. Practise batch of macarons when flavouring arrives. done, but need to make another test batch today as they didn't turn out terribly flavoursome or colourful.
    2. Plan out the project I want to make for DC1.
    3. Investigate our internet speed/usage with a view to changing to a more useful deal at some stage.
    4. Check ebay listing for bike trailer and make it live. DH needs to write the text, hoping to get it live tomorrow.
    5. Send letters to neighbours regarding planning application.
    6. Book train tickets for next weekend.

    7. Order vanilla pods for vanilla extract.
    8. Invoice for last month's contract work and figure out how much I need to make to cover August's salary - no buffer any more!
    9. Organise DC1's party - he wants an overnight camping trip nearby with two friends and DH, which should be pretty cheap if we can arrange it, so we're planning well in advance.
    10. Get ahead on contract work to end of Aug.
    11. Book the other camping trip we haven't booked yet!
    12. Check the hand me down uniform we were given for DC3 and plan what uniform all three DCs will need for September - attempt to buy some while it's all on offer. Have checked uniform but not ordered yet as there doesn't seem to be any offers on cotton uniform.

    Mini goals:
    - 8.76/31 June rounding down pot.
    - 3,107.07/5,000 2018 debt repayment goal.
    - 328/932 extension pre-build costs shortfall.
    Last edited by Treadingonplaymobil; 07-07-2018 at 7:38 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 7th July 2018: 13,005 unsecured debt/19,970 parental loan/191,654 mortgage = 224,629
    • Suffolk lass
    • By Suffolk lass 7th Jul 18, 7:48 AM
    • 1,993 Posts
    • 21,178 Thanks
    Suffolk lass
    Well done, this is all very positive. I could not cope with that 5.01 away from the 12's but I am not you.

    I wondered if you have looked at the car-lighter connected cold-boxes for your camping trips. We have a gas-bottle operated box (runs off a car battery too) but these are c200 and very bulky with the gas too, whereas we picked up our plug-in cold box for 30 which is ideal for a weekend (using a traditional cold box with a bag of ice to keep plastic (sorry) boxes and bottles cold) the plug-in stays in the car keeping meat and salads, and opened milk nice and cold. Maybe not for this year but a good Xmas list sale item. Much less bulky. I am not suggesting now, just flagging for the future with a recommendation as they work really well (-16c below air temp)....

    Back to vanilla. I have been using good vanilla pods and extract for cooking for probably 20 years. I just don't know the concentration of the paste so having got it (at moderate, rather than vast expense), it just lurks in the spice tray. I will do some experimentation I think. I refuse to let it be wasted.

    Have a lovely weekend and don't forget to build in some downtime for your lovely DH if he is working both days this weekend and then away for the wedding next weekend. Mine would be knackered with three weeks without a down-day (he is older, of course). DH here just keeps going until the cliff-edge is approaching and then it all hits together.
    MFiT T4 #2 update 88.72% after Q9 tiny bit ahead of where I should be
    Save 12k in 2018 #53 - after June 55.17% 5,517.10/10,000
    OS Grocery Challenge 2018 spent 1,288.55/3,000 including stores so far 42.95% of my annual budget at the end of June
    My DFD is here
    • Honeysucklelou2
    • By Honeysucklelou2 7th Jul 18, 9:28 AM
    • 920 Posts
    • 3,713 Thanks
    Honeysucklelou2
    Just a thought re the planning letters. The council should write to your neighbours themselves, as part of the planning application process. My neighbours have had 2 or 3 big projects in recent years and each time the council have contacted me by letter to allow time to view the application online.

    Good news that the smaller business is picking up. Well done on being so time focussed. Have a lovely weekend!
    paydbx #93 692/8,000.
    Loan 17k - paid off in Aug 2017. Home improvement loans 3342 March 2017. 3123 in Jan 18
    • db2016
    • By db2016 7th Jul 18, 2:40 PM
    • 78 Posts
    • 220 Thanks
    db2016
    re budgets, i simply think that your whole ethic views, whilst to be admired (i myself am not too bothered on that side of things), is simply not affordable for you atm. could you not slacken off on that, and when in a better situ, make a donation to that cause after? i have seen this done by others on here, whos sensibilites were like yours then they realised they had to cut back but when they then were in a better state they went back to ethic sources and also "offset" their non eco ways by giving back after the fact. I just think that your budget would be a lot better off if you slackened and tbf, your extension (properly done), could be saved for quicker, and the "upto code" standard of it would even help with that eco payback as i assume it will be energy efficient / planet friendly etc.



    re any intolerances, ketogenic eating has made huge differences to a lot of people, im doing it mainly for the weight loss and the moobs reduction! but it helps a lot of people reverse a LOT of things, even diabetes and intolerances / IBS.
    • Treadingonplaymobil
    • By Treadingonplaymobil 10th Jul 18, 5:36 AM
    • 1,620 Posts
    • 16,580 Thanks
    Treadingonplaymobil
    Week 74: Day 2

    Phew, was able to make a 7 overpayment to the Barclaycard this morning, so my CC debt total now stands at 12,997.48. Into the 12s, people!

    Finally managed to list the bike trailer on Sunday, then realised this morning that DH had listed it incorrectly (wrong type of trailer), so had to end it and will relist tonight. Irritating! And it had a bid. So annoying.

    Suffolklass good idea re car powered coobox. We were going to get a new coolbox for this year's camping, but the trailer was more expensive than expected, so I think it's going to be one to look out for in the sales ready for next year.

    Honeysucklelou2 planning do write to our neighbours, but we thought it might be friendlier if something came from us first. The architect failed to add some crucial document to the application which only came to light yesterday, so we are still waiting for it to be processed. Eye roll.

    db2016 I did try compromising all out ideals when we first started out on this journey, and it made DH and I fat (too many cheap carbs) and downbeat because we felt like we were making the wrong choice for our principles. Since getting back on the ethical wagon we are so much more content. Yes, it's meant fractionally slower debt repayments/saving, but actually for us now it's like saying the council tax slows the debt repayment. We could make our council tax cheaper by selling our house and moving to a cheaper area, but actually that's not a realistic change to make, and for us the 'price of food' is the 'price of ethical, good quality food', not the price of compromise food. I personally think that unhealthy, unethical, un-environmentally friendly food shouldn't even be on the shelves, so the price of good (in all senses) food should just be accepted as the actual 'price of food'. And the same applies to other ethical/eco considerations. I personally think we need to accept as a society that food, energy, clothing etc is more expensive than we have been used to, and we need to manage those resources a lot more carefully and the minimum price should be a higher price per 'unit' of whatever we are buying because of the ethical/eco concerns that are taken into account as standard.

    For now, we are able to pay the debt down, save for the extension and feed and clothe our family with those considerations taken into account, and as long as that remains the case I'm happy. If it stops being the case, I'll reassess.

    Busy day ahead - DC3 has a school taster session which I need to attend, then I need to pack everything ready to go up to my parents' to help prep for my sister's wedding.

    To do this week
    1. Baking. Lots and lots of baking - for my sister's wedding!
    2. DH - investigate internet speed/usage with a view to changing to a more useful deal at some stage.
    3. Relist bike trailer.
    4. Regular social media posting for work.

    Mini goals:
    - 9.22/31 June rounding down pot.
    - 3,114.53/5,000 2018 debt repayment goal.
    - 348/932 extension pre-build costs shortfall.
    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 7th July 2018: 13,005 unsecured debt/19,970 parental loan/191,654 mortgage = 224,629
    • remote_control
    • By remote_control 10th Jul 18, 7:15 AM
    • 272 Posts
    • 1,022 Thanks
    remote_control
    Week 74: Day 2


    db2016 I did try compromising all out ideals when we first started out on this journey, and it made DH and I fat (too many cheap carbs) and downbeat because we felt like we were making the wrong choice for our principles. Since getting back on the ethical wagon we are so much more content. Yes, it's meant fractionally slower debt repayments/saving, but actually for us now it's like saying the council tax slows the debt repayment. We could make our council tax cheaper by selling our house and moving to a cheaper area, but actually that's not a realistic change to make, and for us the 'price of food' is the 'price of ethical, good quality food', not the price of compromise food. I personally think that unhealthy, unethical, un-environmentally friendly food shouldn't even be on the shelves, so the price of good (in all senses) food should just be accepted as the actual 'price of food'. And the same applies to other ethical/eco considerations. I personally think we need to accept as a society that food, energy, clothing etc is more expensive than we have been used to, and we need to manage those resources a lot more carefully and the minimum price should be a higher price per 'unit' of whatever we are buying because of the ethical/eco concerns that are taken into account as standard.

    For now, we are able to pay the debt down, save for the extension and feed and clothe our family with those considerations taken into account, and as long as that remains the case I'm happy. If it stops being the case, I'll reassess.
    Originally posted by Treadingonplaymobil
    Yep. What she said
    • Verbatim
    • By Verbatim 10th Jul 18, 7:19 AM
    • 4,592 Posts
    • 13,734 Thanks
    Verbatim
    I hope the weather holds for your sister's wedding TOPM. Have the macarons turned out well? How many are you making?
    I do miss your daily updates but thoroughly understand how much time it must free up for you.
    You didn't mention work/ increased earnings so I presume and trust that all is going well there?
    Best wishes for a super weekend for the wedding.
    CCs @0% 24k Dec 05 19,621.41 Au 13400 S 12600 Oct 11,981 9481 7500 Nov 7250 D 7100 Jan 6950 F 5800 Mar5400 May 4830 June 4660 July 4460 Aug 3200, S 900, 0 18/9/07 DFW Nerd 042
    • arsenalbarnie
    • By arsenalbarnie 10th Jul 18, 8:52 AM
    • 271 Posts
    • 1,700 Thanks
    arsenalbarnie
    I agree about the real cost of food and clothing. We eat organic where possible and buy high quality meat but eat less of it. My clothes are only bought twice a year when the wardrobe changes seasons. I got this tip from Bea Johnsons book. I do get the occasional charity shop find if am browsing my local one. I can't resist a look when nipping to the corner shop. Latest finds, gorgeous baby Zara top for my niece and for me Jaeger linen shirt, nomads linen trousers brand new and some lovely slouchy pants ideal for my camping trips. New clothes tho are carefully thought out in April and October and kept to an absolute minimum. Saves me going in to town which I hate! My daughter on the other hand hmmm parcels arriving all the time from Missguided and Boho! No wonder the high street is dying, I hardly ever visit it and the youngsters buy everything online!

    Good luck with the wedding and cake. My mum is a professional cake decorator and she is doing a lot of naked cakes this year.
    • Treadingonplaymobil
    • By Treadingonplaymobil 10th Jul 18, 9:04 AM
    • 1,620 Posts
    • 16,580 Thanks
    Treadingonplaymobil
    Verbatim Work/earning more is going reasonably well, but the 'extra' work time which I had planned is taking a bit of a back seat while DH is doing overtime - I've lost four weekend days to it over the last month, which is most of my weekend work days (the only time I get to do a solid 10-12 hours work) - and with all the end of term shenanigans at school. Income continues to tick along though, and I feel like I'm making some headway. At least we'll get a good 500 from DH's overtime at some stage (hoping half of it will be paid this month).

    Macarons are going well! Storing them is the challenge but I think I've cracked it now.

    Arsenalbarnie I think I'd like to shift over to shopping more like this (twice a year) again as it's much easier to keep a handle on what's needed. I used to do it, but when I cut my budgets right back I then didn't buy anything for a couple of seasons, and building my wardrobe back up to the point I can go six months without buying much is taking some time - almost there though. As I become less client facing I'll reintroduce my clothing budget back into our normal budget rather than having it as a percentage of turnover, which will be an interesting change.

    I used to love a good charity shop browse, but I never seem to have the time any more, boo.
    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 7th July 2018: 13,005 unsecured debt/19,970 parental loan/191,654 mortgage = 224,629
    • Cherryfudge
    • By Cherryfudge 11th Jul 18, 12:14 PM
    • 1,861 Posts
    • 10,096 Thanks
    Cherryfudge
    Love what you are saying about ethical shopping. It was an eye-opener for me when I realised that most of the stuff in the supermarket is more about marketing empty calories than providing real food!

    Have a great time at the wedding!
    MFW #30 Paid off 2,109.13/3770 as of 12/7/18
    • Verbatim
    • By Verbatim 14th Jul 18, 7:10 AM
    • 4,592 Posts
    • 13,734 Thanks
    Verbatim
    Hope the wedding goes beautifully.
    CCs @0% 24k Dec 05 19,621.41 Au 13400 S 12600 Oct 11,981 9481 7500 Nov 7250 D 7100 Jan 6950 F 5800 Mar5400 May 4830 June 4660 July 4460 Aug 3200, S 900, 0 18/9/07 DFW Nerd 042
    • Suffolk lass
    • By Suffolk lass 14th Jul 18, 7:42 AM
    • 1,993 Posts
    • 21,178 Thanks
    Suffolk lass
    There are lots of us thinking about you and your Sister's wedding and hoping the weather is good. Have a relaxing time
    MFiT T4 #2 update 88.72% after Q9 tiny bit ahead of where I should be
    Save 12k in 2018 #53 - after June 55.17% 5,517.10/10,000
    OS Grocery Challenge 2018 spent 1,288.55/3,000 including stores so far 42.95% of my annual budget at the end of June
    My DFD is here
    • PositiveBalance
    • By PositiveBalance 14th Jul 18, 10:34 AM
    • 774 Posts
    • 3,878 Thanks
    PositiveBalance
    Yes, hope you are having a wonderful time at the wedding!
    Original debt to source: 11,640.02; debt repaid: 6351.01 (54%); remaining debt: 5289.01
    0% CC balance: 4999.67 now
    2945.00 (41% repaid)
    Emergency Fund (#187): 0/500
    Terrimundi: fleeced!
    • Treadingonplaymobil
    • By Treadingonplaymobil 17th Jul 18, 9:32 AM
    • 1,620 Posts
    • 16,580 Thanks
    Treadingonplaymobil
    Week 75: Day 2

    Aaaaaaaaand I'm back. Albeit with eyelids propped open with matchsticks and a brain which isn't really functioning in any meaningful way. What a full on weekend. So much to organise, plan and execute (I am the organised one in my family so got handed an awful lot of extra jobs). The day went off without a hitch though, and everyone was thrilled with it (and with my cake/macaron production skills).

    I absolutely cannot make my bank accounts make sense with YNAB at the moment (did I mention my brain isn't working?!), so I have just adjusted my budgets upwards and downwards as necessary (my business account had about 30 less than I thought it should have, the joint account about 50 more) and am not going to attempt to work out where my maths has failed. No major spending to report, have not had time.

    I'll be back soon with more when I have the energy.

    To do this week
    1. Pack orders for smaller business.
    2. Tidy house.
    3. Clear emails and deal with any firefighting that needs to be done as a result of not working for virtually a week.
    4. Restart daily social media (again, a week off!).

    Mini goals:
    - 9.22/31 June rounding down pot.
    - 3,114.53/5,000 2018 debt repayment goal.
    - 348/932 extension pre-build costs shortfall.
    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 7th July 2018: 13,005 unsecured debt/19,970 parental loan/191,654 mortgage = 224,629
    • Starmummy
    • By Starmummy 17th Jul 18, 11:21 AM
    • 163 Posts
    • 713 Thanks
    Starmummy
    So glad your sister had a lovely wedding.

    I sometimes find that it's the change of routine that exhausts me and frazzles my brain rather than it actually being because I've been busier.

    I hope you get on top of things soon but make sure you are kind to yourself

    Take care

    SM
    Debt at LBM (01/01/18) 17,937.19
    current Debt (02/07/18) 12,307.50
    31.4% gone forever
    DFD 12/09/19
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