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  • FIRST POST
    • edinburgher
    • By edinburgher 30th Oct 17, 5:22 PM
    • 11,245Posts
    • 60,351Thanks
    edinburgher
    The Edcawber Principle
    • #1
    • 30th Oct 17, 5:22 PM
    The Edcawber Principle 30th Oct 17 at 5:22 PM
    I think I promised a new and improved positive diary earlier on in the summer

    I'll try my best to keep it short and sweet, (unlike my credit card statements). Cutting a long story short, after renovating the house and an accidental car purchase (hey, it could've been a house!) we are probably better candidates for DFW

    We're now left with a much more relaxing house (we just finished our bedroom), a new car and £20,000 in credit card debt

    The new job goes fairly well, all things considered and our budget is starting to balance on a month-to-month basis. Basically I've said yes to everything, which is lovely, but immature. Mrs E realises the lie of the land and is supporting efforts to get back on an even keel. I'm eb@ying, saving cashback and making overpayments every Monday.

    DD and Mrs E are doing fabby, DD is the apple of our eye and remains chatty, affectionate and madcap
Page 51
    • Science_mum
    • By Science_mum 8th Oct 18, 6:21 PM
    • 3 Posts
    • 25 Thanks
    Science_mum
    Hi Ed, we recently just upgraded our sons bed from toddler to full size, we found Gumtree worked for us (fantastic quality wooden High-Sleeper) would have been £500+ new cost to us £25, we repainted it in the exact colour to match DS bedroom which he selected himself and thus loves. I went for a basic John Lewis mattress which DS says is mega comfy (cost £90 plus £5 discount from spending £50 on my JL card), new single winter duvet was from sparks £20 (bought with survey vouchers). It was abit more work but not much more than ikea or similar as the fancy bed was easier to put together than a cheaper one. In all we saved at least £200 quid. Duvet cover was hand me down and he will be getting a new lego one for Christmas as a present. It took me about 3 weeks to find the bed on gumtree. Totally worth it so we could have a summer holiday and the new bed!
    • edinburgher
    • By edinburgher 9th Oct 18, 9:04 AM
    • 11,245 Posts
    • 60,351 Thanks
    edinburgher
    Thanks guys. I hadn't really considered secondhand (which is daft, I know). There doesn't seem to be much on Gumtree in my neck of the woods, but there were a few £25 bed frames further afield. I'll broach the topic with Mrs E and see where she stands - I have no issue painting a bed frame etc. to match the room
    • beanielou
    • By beanielou 9th Oct 18, 1:39 PM
    • 57,444 Posts
    • 235,268 Thanks
    beanielou
    Good idea on a second hand frame.
    You can paint to match as you say & get a new mattress.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. MFW 2018. No 144
    • edinburgher
    • By edinburgher 10th Oct 18, 11:47 AM
    • 11,245 Posts
    • 60,351 Thanks
    edinburgher
    In big person news, we now have a window cleaner! It has only taken 3 years
    • beanielou
    • By beanielou 10th Oct 18, 12:18 PM
    • 57,444 Posts
    • 235,268 Thanks
    beanielou
    In big person news, we now have a window cleaner! It has only taken 3 years
    Originally posted by edinburgher
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. MFW 2018. No 144
    • edinburgher
    • By edinburgher 11th Oct 18, 9:43 AM
    • 11,245 Posts
    • 60,351 Thanks
    edinburgher
    I have decided that we aren't going to renew our V1rgin line rental saver, as we're thinking about moving away from them. I have used £105 of this pot to make a CC payment and now I have no CC with a balance of over £5,000 £0.99 under still counts

    I do not expect there to be many extra payments from now until the end of November, as we have a new bed, a DIY project and a few other unavoidable expenses coming up. I'll try for a last wee flurry in December and see if I can get things under £17,000 by year end.

    Plodding away

    *Edit: Have also moved our savings away from Chartered Savings bank as the sneaky !!!!!!s were paying us 0.1% interest on a balance of nearly £1,000!
    • beanielou
    • By beanielou 11th Oct 18, 8:13 PM
    • 57,444 Posts
    • 235,268 Thanks
    beanielou
    Plodding is always good
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. MFW 2018. No 144
    • edinburgher
    • By edinburgher 13th Oct 18, 8:52 AM
    • 11,245 Posts
    • 60,351 Thanks
    edinburgher
    A tiny female tabby kitten is sleeping underneath my armchair
    • rtandon27
    • By rtandon27 13th Oct 18, 4:25 PM
    • 2,289 Posts
    • 14,653 Thanks
    rtandon27
    1 YEAR & 11 MONTHS DEBT FREE!!! (24 OCT 2016)
    (With heartfelt thanks to those who have gone before us & their indubitable generosity.)
    Working hard to keep all the balls in the air and juggle the budget!
    • beanielou
    • By beanielou 13th Oct 18, 5:41 PM
    • 57,444 Posts
    • 235,268 Thanks
    beanielou
    How awesome.
    Boy or girl?

    I have 3 cats
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. MFW 2018. No 144
    • Hazelnutty
    • By Hazelnutty 13th Oct 18, 5:45 PM
    • 69 Posts
    • 222 Thanks
    Hazelnutty
    I have two lovely kittens
    • edinburgher
    • By edinburgher 13th Oct 18, 5:53 PM
    • 11,245 Posts
    • 60,351 Thanks
    edinburgher
    How awesome.
    Boy or girl?

    I have 3 cats
    Originally posted by beanielou
    We went for a girl, I am totally outnumbered
    • beanielou
    • By beanielou 13th Oct 18, 5:55 PM
    • 57,444 Posts
    • 235,268 Thanks
    beanielou
    We went for a girl, I am totally outnumbered
    Originally posted by edinburgher
    You are
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. MFW 2018. No 144
    • edinburgher
    • By edinburgher 18th Oct 18, 4:46 PM
    • 11,245 Posts
    • 60,351 Thanks
    edinburgher
    What with new cat, new work clothes and Mrs E's birthday, we are completely, terrifyingly skint

    I honestly think this is the most parlous our finances have been in 3 years

    The one ray of sunshine is the fact that MB is proving to be relatively profitable, I've managed to grow my initial £250 to £600, but I'm trying not to pull profits out this early. If it comes to it, I can, but I'd rather not.

    In mildly positive news, a rotten P2P investment has made a partial repayment, £15.52 paid off a credit card. I discovered that one of my credit limits was much higher than I'd remembered, so my credit utilisation is now exactly 40%.

    I start my new job on Monday, just under a 5% pay rise straight away, more to follow in time
    • Kittenkirst
    • By Kittenkirst 18th Oct 18, 7:04 PM
    • 1,997 Posts
    • 10,737 Thanks
    Kittenkirst
    A tiny female tabby kitten is sleeping underneath my armchair
    Originally posted by edinburgher


    How lovely- hopefully your little kitten takes your side occasionally!
    2018 MFW #20 - OP £3222.90/ £3000 107%
    Aug: £461.02 Sept: £10 Oct: £212.02

    Mortgage Oct '16 £170.995 LTV 90% end: Nov 2041
    Overpayments 2016 £255.50 2017 £2600.40
    • beanielou
    • By beanielou 18th Oct 18, 9:42 PM
    • 57,444 Posts
    • 235,268 Thanks
    beanielou
    Great news on the credit utilisation.
    & on the payrise
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. MFW 2018. No 144
    • edinburgher
    • By edinburgher 21st Oct 18, 6:30 PM
    • 11,245 Posts
    • 60,351 Thanks
    edinburgher
    Just back from a mammoth day out at a wildlife park (we booked the tickets months ago). Great fun, just the thing to distract me from my new job starting tomorrow. I have a massive dose of imposter syndrome and am trying to lighten up. Just remember, all you can do is go in full of enthusiasm, smile and try to remember people's names

    It didn't end up being too spendy, which is a first for us. We took a picnic and a couple of coffees and a none-too-impressive doughnut at £7 was our only spend (Mrs E treated us, it was her birthday recently). DD saw a lot of animals, had her face painted and was all smiles all day

    I am trying to shove our financial train wreck back on to the rails wherever I can. Today I transferred £99 out of MB profits to pay for the kitten's medical bills (basically this will cover all her appointments for the first 6 months including neutering, microchip and jags etc.) MB pot is now sitting at about £540, which is more than 100% up over a month, although it does still owe "the house" £135. I need to try and find more positivity in my life - any normal person would be "great, that's £500 you've got/spent from nowhere", but I am sitting thing "damn, why isn't this £1,000?"

    Will try and get a reasonably early night - tomorrow marks the first day of the rest of my life

    I remember my DFW diaries when I was earning basically minimum wage. If you'd told me that I'd be earning 3x that a decade later I'd have laughed in your face!
    • zcrat41
    • By zcrat41 21st Oct 18, 6:35 PM
    • 1,504 Posts
    • 4,142 Thanks
    zcrat41
    Good luck for your new job tomorrow
    Aim: To o/p the mortgage by £131 pm.
    07/18: £254. Smashed it!
    08/18: £219.31 Smashed it again!
    09/18: £131 Acheived challenge
    10/18 £Target £131 plus £50 into savings
    • Debsnewbudget
    • By Debsnewbudget 21st Oct 18, 6:38 PM
    • 270 Posts
    • 2,510 Thanks
    Debsnewbudget
    Good luck tomorrow
    The wisdom is that you have 90 days in any new job to make impressions or mistakes
    After that you are deemed to be "experienced"
    So make a note of 90 days from tomorrow and dont be too hard on yourself until then
    • beanielou
    • By beanielou 21st Oct 18, 6:41 PM
    • 57,444 Posts
    • 235,268 Thanks
    beanielou
    Glad that you have had a good day.
    Hope all goes well tomorrow & going forward.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 11 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. MFW 2018. No 144
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