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  • FIRST POST
    • Purplemumof2
    • By Purplemumof2 18th Jul 17, 1:57 PM
    • 6,558Posts
    • 24,632Thanks
    Purplemumof2
    Unsinkable
    • #1
    • 18th Jul 17, 1:57 PM
    Unsinkable 18th Jul 17 at 1:57 PM
    New diary, I have been thinking about it for a while now. I have been back almost a year give or take two weeks and boy what a year that has been, reading back over my old diary.

    The title of my new diary comes from a Lucy Spraggan song, which the lyrics fit the mood at the moment.

    Reflection on the past year:
    * Current debt is now - £8500, this doesn't include the OD or the BC (yet!)
    * Changed jobs four times and looking to move again, hopefully for the last time for a while
    * Moved house - This is my favourite one
    * Year Goals when I find them again are improving
    * Got a horrible situation with DS's ex-gf sorted
    * Still trying to get my MSE head to stay on, but I'm getting there slowly

    --------------------------------------------------------------------

    There are still improvements that need to be made but overall I/we are getting there. I think carefully about anything I go to buy.

    I am happy that I have rediscovered the survey sites and some new ones that I hadn't done before, my overall plan for next year is to build a stash up towards Christmas and birthdays, making 2018 as frugal as I can

    There are still things in the house that need sorting/unpacking/binning but it does feel like home and the kids love it and that to me is all that matters

    I like trying to get the most out of £2 per day, how sad is that?

    So as the song goes 'We won't abandon this ship. We are unsinkable'
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £5660.00 Lloyds: £9878.75 BC: GONE Cap One: GONE
    OD £0/£500 LC £371.25/£1500 Washer PAID
    POAMAYC 2018 #041 PD £7219.86/£7000
    Savings for Christmas £385.36/£400
    20p Savers 2018 £2 Savers 2018 50p Savers 2018 SPC 12 2019 #003
Page 56
    • Purplemumof2
    • By Purplemumof2 14th Jun 18, 3:35 PM
    • 6,558 Posts
    • 24,632 Thanks
    Purplemumof2
    Afternoon,

    I have been crunching some numbers about this afternoon.

    MBNA - Minimum payment is roughly £70 but generally pay £150
    BC - Minimum payment is £126 but we generally pay £150
    Cap One - Survey/Quidco money used each month.

    To get rid of the Cap One card, I'm thinking of paying £80pm, which is the 'remainder' that we would have paid to the MBNA per month, plus carrying on with the Survey/Quidco money on top. This would then get 'rid' of that problem within 3-4 months.

    I will still carry on paying the £150 to BC until the Cap One is gone and then pay the £80 and any Quidco/survey money on to the BC.

    OR

    I just carry on paying the Cap One card with Survey/Quidco money and just let it end when it ends and use the £80 on top of the £150 payment to BC to try and reduce it that way.

    Decisions, decisions.....any helpful help or further ideas welcome
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £5660.00 Lloyds: £9878.75 BC: GONE Cap One: GONE
    OD £0/£500 LC £371.25/£1500 Washer PAID
    POAMAYC 2018 #041 PD £7219.86/£7000
    Savings for Christmas £385.36/£400
    20p Savers 2018 £2 Savers 2018 50p Savers 2018 SPC 12 2019 #003
    • redofromstart
    • By redofromstart 14th Jun 18, 4:23 PM
    • 2,003 Posts
    • 12,400 Thanks
    redofromstart
    what are the APRs? Or do your prefer the psychological thing of a debt gone? Any discretionary payments should go onto one card rather than split between them.

    ETA, I've read back and agree with hugglemonster.
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 14th Jun 18, 8:25 PM
    • 5,664 Posts
    • 39,913 Thanks
    HairyHandofDartmoor
    I would go for solution one because of the psychological boost from getting rid of a card. Both solutions are good though.
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = £58,766 DEBT FREE 31 OCTOBER 2017
    NEW GOALS - Build Emergency Fund & Loss of Income Fund. Save for house repairs.
    EMERGENCY FUND = £17
    "Tough times never last, but tough people do" - Robert H Schuller
    • doingitanyway
    • By doingitanyway 14th Jun 18, 10:32 PM
    • 3,510 Posts
    • 19,384 Thanks
    doingitanyway
    You win either way
    Emergency fund 1060/1000
    NSD November 5/30
    • enthusiasticsaver
    • By enthusiasticsaver 15th Jun 18, 8:56 AM
    • 7,277 Posts
    • 15,950 Thanks
    enthusiasticsaver
    If those cards are not on 0% then your DHs work expenses should go on an empty card and repaid when the expenses come in. If you are paying £150 a month on the BC but the expenses up the balance then not only are you paying interest on them but you aren't really monitoring the debt coming down as you are effectively still using it. A useful exercise is to see what the balance was 6 months ago and make sure the way you organise DHs work expenses is not adding to your debt.

    For that reason once the capital card is empty I would get your DH to use that one for work expenses only and repay it in full once the expenses come through. Then the MBNA and BC should show a steady downward trend.
    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
    • Purplemumof2
    • By Purplemumof2 15th Jun 18, 10:48 AM
    • 6,558 Posts
    • 24,632 Thanks
    Purplemumof2
    Thanks everyone for your help, definitely had a lot to think about.

    I've ordered a new PIN number for DH for the Capital One card, as he's forgotten it and going forward this one will be used for his expenses. It will not be hanging around the house for DS to do his trick again!

    The MBNA whilst being on 0% will get the minimum for the time being.

    The BC will get the usual payment of £150, there is £250 in DH's expenses to come off next week, so with interest added it shouldn't be too much higher than it was.

    The Cap One card will get the £80 'remainder' as well as the extra money from surveys/Quidco to blitz it totally. Estimate that it'll be gone by Sept/Oct.

    Once the Cap One card has gone, I will up the MBNA payment to £100 and add an extra £30 to the BC payment as well as then using the extra money on top to plough on to the BC card.

    I think that once the Cap One card has gone and I can then see the BC balance going down, things will seem clearer.

    Hope that makes sense? If anyone can see a flaw in this please say
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £5660.00 Lloyds: £9878.75 BC: GONE Cap One: GONE
    OD £0/£500 LC £371.25/£1500 Washer PAID
    POAMAYC 2018 #041 PD £7219.86/£7000
    Savings for Christmas £385.36/£400
    20p Savers 2018 £2 Savers 2018 50p Savers 2018 SPC 12 2019 #003
    • jwil
    • By jwil 15th Jun 18, 1:44 PM
    • 9,201 Posts
    • 29,284 Thanks
    jwil
    Good luck with it
    "If you can dream it, you can do it". Walt Disney
    • Purplemumof2
    • By Purplemumof2 15th Jun 18, 1:48 PM
    • 6,558 Posts
    • 24,632 Thanks
    Purplemumof2
    Once the Cap One card has gone, I will up the MBNA payment to £100 and add an extra £30 to the BC payment as well as then using the extra money on top to plough on to the BC card.
    Originally posted by Purplemumof2
    That should've read extra £50 to the BC not £30...maths isn't my strong point let alone in the morning!
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £5660.00 Lloyds: £9878.75 BC: GONE Cap One: GONE
    OD £0/£500 LC £371.25/£1500 Washer PAID
    POAMAYC 2018 #041 PD £7219.86/£7000
    Savings for Christmas £385.36/£400
    20p Savers 2018 £2 Savers 2018 50p Savers 2018 SPC 12 2019 #003
    • Sun Addict
    • By Sun Addict 17th Jun 18, 3:13 PM
    • 6,312 Posts
    • 43,497 Thanks
    Sun Addict
    Good idea to get rid of the Cap One card first even if it's just psychological. Then you can start chipping away at the others.
    Virtual Sealed Pot 2018 £404.08
    Debt £2180
    Weight loss 0/6LBS
    Emergency Fund £4000/£10,000
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 17th Jun 18, 3:18 PM
    • 5,664 Posts
    • 39,913 Thanks
    HairyHandofDartmoor
    I agree, a psychological victory is worth a lot.
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = £58,766 DEBT FREE 31 OCTOBER 2017
    NEW GOALS - Build Emergency Fund & Loss of Income Fund. Save for house repairs.
    EMERGENCY FUND = £17
    "Tough times never last, but tough people do" - Robert H Schuller
    • WannabeFree
    • By WannabeFree 20th Jun 18, 4:25 PM
    • 1,802 Posts
    • 15,888 Thanks
    WannabeFree
    Hope everything's okay PMO2 x
    “Once you hit rock bottom, that's where you perfectly stand; That's your chance of restarting, but restarting the right way.”
    • hugglemonster
    • By hugglemonster 5th Jul 18, 11:29 AM
    • 465 Posts
    • 2,031 Thanks
    hugglemonster
    How's everything Purple? H x
    Debt:Overdraft 2 £2400 Credit card £2200 now £1700 Car - Purchased £11,518.40 now £6909.04 Barclays loan 3000 now £2756.42 Dad £300
    PAID - Computer £646.52, Overdraft 1 £2200
    Emergency fund: £10 General savings: £10
    • Purplemumof2
    • By Purplemumof2 5th Jul 18, 1:43 PM
    • 6,558 Posts
    • 24,632 Thanks
    Purplemumof2
    Afternoon,

    Sorry I've not posted, there hasn't been much debt busting wise that I can report.

    I'm just under £500 off my £7000 target for the year, so happy with that.

    I can see the end in sight with the Cap One card, albeit a slow one so I'm happy I did the decision to move payments about and the MBNA is inching toward the £6000 mark.

    No news on going permanent with the company yet.

    I've had a payout from PB this week, OP is nearly at the half way mark and I'm nearly at payout with PA. These will go off the Cap One card once they hit. Have to wait until September for Quidco payout for the home insurance.

    I've also been hiding out on the competitions board, I used to do them regularly and then stopped but thought I'd have another go.

    DS had a great birthday last week, just DD's to sort at the end of July for August.

    I have also done something but I think I may have lost my mind though....I am going to do a 10K run next year for charity, for what would've been my dad's 70th birthday I can't/won't back out of it now especially as I have set up an FB page too (gulp!)
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £5660.00 Lloyds: £9878.75 BC: GONE Cap One: GONE
    OD £0/£500 LC £371.25/£1500 Washer PAID
    POAMAYC 2018 #041 PD £7219.86/£7000
    Savings for Christmas £385.36/£400
    20p Savers 2018 £2 Savers 2018 50p Savers 2018 SPC 12 2019 #003
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 5th Jul 18, 7:58 PM
    • 5,664 Posts
    • 39,913 Thanks
    HairyHandofDartmoor
    Glad things are going well .
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = £58,766 DEBT FREE 31 OCTOBER 2017
    NEW GOALS - Build Emergency Fund & Loss of Income Fund. Save for house repairs.
    EMERGENCY FUND = £17
    "Tough times never last, but tough people do" - Robert H Schuller
    • Purplemumof2
    • By Purplemumof2 13th Jul 18, 10:19 AM
    • 6,558 Posts
    • 24,632 Thanks
    Purplemumof2
    Morning,

    I should stop being AWOL....it doesn't do me any good!

    Work is going good and I have been told that I will be taken on, they're sorting out the contract/offer, so hopefully I should hear soon what they want to offer me.

    Background stuff is gradually settling down and life is beginning to get back to normal although it will linger on for much longer, it isn't in the foreground any more.

    Surveys are going good, I'm waiting on one survey to clear on PA then I can cash out and I am half way to a pay out with OP, PB is building up again after my last cash out the other week.

    No overpayments made to the Cap One card, but this should be done in the next week or so once PA cash out hits. Will be well under £300 mark

    My agency have again signed me up to their pension pot thingy, so when the paperwork comes through I need to opt out of that again.

    LTW have been hit and miss so far this month, my head isn't in the right place to sort it out, will try again properly in July.

    My AFD's are virtually non-existent, I'm not drinking excessively during the week but TBH the background stuff hasn't helped matters.

    Found out a good friend of ours hasn't got long to live, she had her second fight with breast cancer and it has spread to her ribs, they've given her two months max

    My training is going ok and my running albeit slow is coming along. I will be glad when the weather is a bit cooler though, running in this heat isn't ideal and saps my energy like crazy.

    Both kids camps are now fully paid for, just got their kits to sort out, this weekends job!
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £5660.00 Lloyds: £9878.75 BC: GONE Cap One: GONE
    OD £0/£500 LC £371.25/£1500 Washer PAID
    POAMAYC 2018 #041 PD £7219.86/£7000
    Savings for Christmas £385.36/£400
    20p Savers 2018 £2 Savers 2018 50p Savers 2018 SPC 12 2019 #003
    • hugglemonster
    • By hugglemonster 13th Jul 18, 10:36 AM
    • 465 Posts
    • 2,031 Thanks
    hugglemonster
    Morning, good news on the contract I hope it's want you want to get.

    Sorry things in the background haven't been too good and sad news about your friend, makes you appreciate everything you've got.

    Good luck with the training, I have really let mine slip and I'm meant to coach others! I need to get back to it today.

    Well done on sorting the kids camps.

    H x
    Debt:Overdraft 2 £2400 Credit card £2200 now £1700 Car - Purchased £11,518.40 now £6909.04 Barclays loan 3000 now £2756.42 Dad £300
    PAID - Computer £646.52, Overdraft 1 £2200
    Emergency fund: £10 General savings: £10
    • Purplemumof2
    • By Purplemumof2 13th Jul 18, 2:53 PM
    • 6,558 Posts
    • 24,632 Thanks
    Purplemumof2
    Okay, so I've had a stern word with myself and need to get back into things properly.

    This weekends shenanigans look like this:
    • DD swimming
    • Food shop - sort list out tonight
    • Run on Sunday
    • Reading for DS/DD's camp bits
    • Dye my hair - Priority
    • Washing
    • Ironing
    • Meal plan
    Next week looks like this:
    • No Guides for DD
    • Run Tuesday and Thursday
    • LTW as much as possible
    • Surveys
    • Competitions
    • Check saving account
    • Get better sleep

    I'm half tempted to pay the odd £5 off the Cap One card and then pay the remainder once I cash out but that I think would be silly? although it would be through before the end of the month.

    I definitely have to dye my hair this weekend, I wanted to see just how grey I am, the Vitiligo makes me grey quicker than normal but I am shocked now and slightly embarrassed that I have let it get that bad, so I need/must sort it out!!!!

    I need to get off my bum too at the weekends, I'm spending far too much time on SimCity and not on my tapestry and not sorting the house out either.
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £5660.00 Lloyds: £9878.75 BC: GONE Cap One: GONE
    OD £0/£500 LC £371.25/£1500 Washer PAID
    POAMAYC 2018 #041 PD £7219.86/£7000
    Savings for Christmas £385.36/£400
    20p Savers 2018 £2 Savers 2018 50p Savers 2018 SPC 12 2019 #003
    • debtaghh
    • By debtaghh 13th Jul 18, 7:52 PM
    • 1,442 Posts
    • 5,443 Thanks
    debtaghh
    Great news on the job, well done.

    So sorry to hear about your friend xx
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 13th Jul 18, 8:22 PM
    • 5,664 Posts
    • 39,913 Thanks
    HairyHandofDartmoor
    Really sorry to hear about your friend, life can be very sad sometimes . I'm glad your background stuff is settling down a tad.

    Your debt busting is going well by the sound of it and great news that you're going to be made permanent .
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = £58,766 DEBT FREE 31 OCTOBER 2017
    NEW GOALS - Build Emergency Fund & Loss of Income Fund. Save for house repairs.
    EMERGENCY FUND = £17
    "Tough times never last, but tough people do" - Robert H Schuller
    • jwil
    • By jwil 16th Jul 18, 12:13 PM
    • 9,201 Posts
    • 29,284 Thanks
    jwil
    Great news about the job, sorry to hear about your friend. Cancer sucks
    "If you can dream it, you can do it". Walt Disney
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