Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • MeenaM
    • By MeenaM 5th Nov 17, 6:01 PM
    • 257Posts
    • 471Thanks
    MeenaM
    Dear Diary
    • #1
    • 5th Nov 17, 6:01 PM
    Dear Diary 5th Nov 17 at 6:01 PM
    Day 1 ....and we're off! so here is my list of income outgoings and debts, I have not included my husband's as for the moment I am concentrating on getting rid of my own debt ,

    so I have filled this in and copied here

    Statement of Affairs and Personal Balance Sheet

    Household Information
    Number of adults in household........... 2
    Number of children in household......... 2
    Number of cars owned.................... 1

    Monthly Income Details
    Monthly income after tax................ 1300
    Partners monthly income after tax....... 0
    Benefits................................ 222
    Other income............................ 137
    Total monthly income.................... 1659

    Monthly Expense Details
    Mortgage................................ 0
    Secured/HP loan repayments.............. 0
    Rent.................................... 0
    Management charge (leasehold property).. 0
    Council tax............................. 0
    Electricity............................. 0
    Gas..................................... 0
    Oil..................................... 0
    Water rates............................. 0
    Telephone (land line)................... 0
    Mobile phone............................ 71
    TV Licence.............................. 14
    Satellite/Cable TV...................... 0
    Internet Services....................... 0
    Groceries etc. ......................... 150
    Clothing................................ 0
    Petrol/diesel........................... 50
    Road tax................................ 15
    Car Insurance........................... 19
    Car maintenance (including MOT)......... 20
    Car parking............................. 0
    Other travel............................ 86
    Childcare/nursery....................... 100
    Other child related expenses............ 0
    Medical (prescriptions, dentist etc).... 8.6
    Pet insurance/vet bills................. 0
    Buildings insurance..................... 19
    Contents insurance...................... 0
    Life assurance ......................... 0
    Other insurance......................... 8.78
    Presents (birthday, christmas etc)...... 20
    Haircuts................................ 15
    Entertainment........................... 0
    Holiday................................. 0
    Emergency fund.......................... 0
    kids swimming........................... 14.5
    kids dancin............................. 16.67
    kids saving............................. 50
    national trust.......................... 9.55
    joint account........................... 400
    Total monthly expenses.................. 1087.1


    Assets
    Cash.................................... 0
    House value (Gross)..................... 0
    Shares and bonds........................ 0
    Car(s).................................. 1500
    Other assets............................ 0
    Total Assets............................ 1500

    No Secured nor Hire Purchase Debts

    Unsecured Debts
    Description....................Debt......Monthly.. .APR
    next...........................117.......6........ .29.9
    aa.............................860.......25....... .19
    barclays.......................4812......110...... .19
    sainsburys.....................425.......10....... .18
    virgin.........................4130......41.8..... .18
    Total unsecured debts..........10344.....192.8.....-


    Monthly Budget Summary
    Total monthly income.................... 1,659
    Expenses (including HP & secured debts). 1,087.1
    Available for debt repayments........... 571.9
    Monthly UNsecured debt repayments....... 192.8
    Amount left after debt repayments....... 379.1

    Personal Balance Sheet Summary
    Total assets (things you own)........... 1,500
    Total HP & Secured debt................. -0
    Total Unsecured debt.................... -10,344
    Net Assets.............................. -8,844

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























    I really want to figure out the best way of paying off the credit card debts , the AA is 0% until 13 December 2017 , The Sainsburys is 0 % until 20 Februrary 2018 and the Barclays is 0% until 1 April 2019

    Next- 117
    AA- 860
    Sainsburys 425
    Barclays 4800
    Virgin 4138

    total 10340
    Atm I am paying 280 towards the credit card debts

    I need help with either snowballing or high interest first , when the credit cards revert to interest charged they wil be about 22.5 %


    any help , advice or encouragement will be greatly appreciated
    Last edited by MeenaM; 25-11-2017 at 4:02 PM. Reason: adding information
Page 9
    • MeenaM
    • By MeenaM 6th Mar 18, 1:38 PM
    • 257 Posts
    • 471 Thanks
    MeenaM
    Yum!!!! That sounds goegoues! Thanks for sharing. Ps did you close that next account? x
    Originally posted by Poppy1984
    you are welcome ,

    i have send an email to close the next account said i will hear in 5 days

    also sent letter to close my AA card
    Sealed Pot 11. #199Next1170Barclays Credit Card 4891.20/0- 0% ends April 2019 virgin 0% ends july 2020 4138 3252.49AA Credit Card 860 0- 0% ends Dec 2017 Sainsburys Credit Card 521.27-0 0% ends Feb 2018 STARTED Nov 17AIM TO BE DEBT FREE JULY 2019Emergency Fund 614/1000
    • MeenaM
    • By MeenaM 6th Mar 18, 6:38 PM
    • 257 Posts
    • 471 Thanks
    MeenaM
    Email response from Next, account is closed !
    Sealed Pot 11. #199Next1170Barclays Credit Card 4891.20/0- 0% ends April 2019 virgin 0% ends july 2020 4138 3252.49AA Credit Card 860 0- 0% ends Dec 2017 Sainsburys Credit Card 521.27-0 0% ends Feb 2018 STARTED Nov 17AIM TO BE DEBT FREE JULY 2019Emergency Fund 614/1000
    • debtfreeby2020
    • By debtfreeby2020 6th Mar 18, 8:56 PM
    • 88 Posts
    • 172 Thanks
    debtfreeby2020
    Wooooo! Another one off your list! You!!!8217;re on fire.
    Emergency Fund: 300.01/1000 (30%) March NST: 2/18 NSDs
    Tesco Loan: 3,877/5000 Barclaycard: 3149.99/3169.79
    • Poppy1984
    • By Poppy1984 6th Mar 18, 9:00 PM
    • 179 Posts
    • 369 Thanks
    Poppy1984
    Email response from Next, account is closed !
    Originally posted by MeenaM
    Well done!!!!!

    That must feel so good, I can't wait till I can do that x
    19-02-18 Total Debt 4,015 Next 815 Very 1600 Tesco Credit Card 1600
    PAID Next 815/815 now closed Very 1400/ 1600 Tesco 300/ 1600
    Emergency Fund 300/300
    • MeenaM
    • By MeenaM 7th Mar 18, 9:07 PM
    • 257 Posts
    • 471 Thanks
    MeenaM
    Ebay items have sold , grand total 20 , will pay it towards barclays CC
    Sealed Pot 11. #199Next1170Barclays Credit Card 4891.20/0- 0% ends April 2019 virgin 0% ends july 2020 4138 3252.49AA Credit Card 860 0- 0% ends Dec 2017 Sainsburys Credit Card 521.27-0 0% ends Feb 2018 STARTED Nov 17AIM TO BE DEBT FREE JULY 2019Emergency Fund 614/1000
    • MeenaM
    • By MeenaM 11th Mar 18, 8:16 AM
    • 257 Posts
    • 471 Thanks
    MeenaM
    sold another two items on ebay , 2.99 and 14.99 both will be going on the Barclays CC

    also downloaded the Greggs app for free cold and hot drink as a treat
    Sealed Pot 11. #199Next1170Barclays Credit Card 4891.20/0- 0% ends April 2019 virgin 0% ends july 2020 4138 3252.49AA Credit Card 860 0- 0% ends Dec 2017 Sainsburys Credit Card 521.27-0 0% ends Feb 2018 STARTED Nov 17AIM TO BE DEBT FREE JULY 2019Emergency Fund 614/1000
    • MeenaM
    • By MeenaM 14th Mar 18, 8:52 PM
    • 257 Posts
    • 471 Thanks
    MeenaM
    I have 14.50 to last me until next Friday which will be pay day , this is extra left over from the budget, food and travel are accounted for , i will try to save as much of that 14.50 as I can! can't wait for payday !
    Sealed Pot 11. #199Next1170Barclays Credit Card 4891.20/0- 0% ends April 2019 virgin 0% ends july 2020 4138 3252.49AA Credit Card 860 0- 0% ends Dec 2017 Sainsburys Credit Card 521.27-0 0% ends Feb 2018 STARTED Nov 17AIM TO BE DEBT FREE JULY 2019Emergency Fund 614/1000
    • MeenaM
    • By MeenaM 16th Mar 18, 7:45 PM
    • 257 Posts
    • 471 Thanks
    MeenaM
    so i get home from work yesterday and hubby has a guilty look on his face , he and ds had had a chinese takeaway! 20! instead of the Aldi stir fry ........

    grand total this month on ebay 40 ! yay!

    one week to pay day
    Sealed Pot 11. #199Next1170Barclays Credit Card 4891.20/0- 0% ends April 2019 virgin 0% ends july 2020 4138 3252.49AA Credit Card 860 0- 0% ends Dec 2017 Sainsburys Credit Card 521.27-0 0% ends Feb 2018 STARTED Nov 17AIM TO BE DEBT FREE JULY 2019Emergency Fund 614/1000
    • DebtFreeFrog
    • By DebtFreeFrog 21st Mar 18, 12:19 PM
    • 56 Posts
    • 141 Thanks
    DebtFreeFrog
    Hi Meena!

    I hope you're well.

    I've just caught up on your diary.
    You're doing so well! Well done on getting your Barclays under 4000.00.

    Keep Going!

    I'm hoping my Debt Free Date will be July 2019 too. We can do this!
    07/11/17 8199.31 Debt
    • MeenaM
    • By MeenaM 25th Mar 18, 3:49 PM
    • 257 Posts
    • 471 Thanks
    MeenaM
    thanks debtfreefrog , i'm doing ok

    managed to pay an extra 80 off the barclays debt out of last pay , got paid on Friday and plan in my budget to pay another 690 towards the barclays i will also get the 2000 repayment from my son for the loan of money to him last year so will pay that straight to the barclays , i may just be able to get it paid off by end of May fingers crossed !
    Sealed Pot 11. #199Next1170Barclays Credit Card 4891.20/0- 0% ends April 2019 virgin 0% ends july 2020 4138 3252.49AA Credit Card 860 0- 0% ends Dec 2017 Sainsburys Credit Card 521.27-0 0% ends Feb 2018 STARTED Nov 17AIM TO BE DEBT FREE JULY 2019Emergency Fund 614/1000
    • MeenaM
    • By MeenaM 29th Mar 18, 9:00 PM
    • 257 Posts
    • 471 Thanks
    MeenaM
    hey everyone

    been able to pay a whopping 2000 off my barclays CC as my son repaid me for me buying his computer last year he turned 18 and got some money so had said he would pay me back and he has , i have budgeted 690 to pay towards the barclays this month but holding on to it atm just in case as have car to service and mot i do have the money plus some extra but you never know what they might find but hopefully i can still manage another 690 before the next payday ,

    i nearly cracked today and bought lunch but resisted and took sandwhiches instead

    have also got 100 in budget for son's birthday meal after this month i dont have any significant birthdays to pay for until next year yay!

    still listening to Dave Ramsey every day

    i also want to start a "Vision board" where you add positive images to a cork board and build up pictures of what you want out of life it is supposed to help you imagine success etc so its worth a go , google it there are lots of lovely ones people have done
    Sealed Pot 11. #199Next1170Barclays Credit Card 4891.20/0- 0% ends April 2019 virgin 0% ends july 2020 4138 3252.49AA Credit Card 860 0- 0% ends Dec 2017 Sainsburys Credit Card 521.27-0 0% ends Feb 2018 STARTED Nov 17AIM TO BE DEBT FREE JULY 2019Emergency Fund 614/1000
    • MeenaM
    • By MeenaM 2nd Apr 18, 2:42 PM
    • 257 Posts
    • 471 Thanks
    MeenaM
    Ebay sales of 35 paid off the Barclays CC today ,yay!
    Sealed Pot 11. #199Next1170Barclays Credit Card 4891.20/0- 0% ends April 2019 virgin 0% ends july 2020 4138 3252.49AA Credit Card 860 0- 0% ends Dec 2017 Sainsburys Credit Card 521.27-0 0% ends Feb 2018 STARTED Nov 17AIM TO BE DEBT FREE JULY 2019Emergency Fund 614/1000
    • MeenaM
    • By MeenaM 22nd Apr 18, 7:59 AM
    • 257 Posts
    • 471 Thanks
    MeenaM
    hey all checking in , nearly at pay day ! this month has been a long one, for some reason we have gone over budget on our food bill ,it is a struggle to keep it under control especially in a month where we have to go 5 times, this next month will be 4 and hopefully easier to manage. Also our lawn mower has broken bought a new one from Argos put it up yesterday and the motor blew after one push of it ! so had to get money back , still need to get a new one will not be going back to Argos.

    also the past month has been expensive in terms of birthdays , none this month I am hoping to be able to get down to about 277 on the Barclays by the end of May or even be able to pay it off !

    we have decided no holiday this year , will be free days out instead and working on the house and garden, plenty to do there lets hope we get the weather!

    car has mot and service on the 30th , for once i have the money in my sinking fund , fingers crossed it passes ok

    still listening to Dave every day
    have a good Sunday all
    Sealed Pot 11. #199Next1170Barclays Credit Card 4891.20/0- 0% ends April 2019 virgin 0% ends july 2020 4138 3252.49AA Credit Card 860 0- 0% ends Dec 2017 Sainsburys Credit Card 521.27-0 0% ends Feb 2018 STARTED Nov 17AIM TO BE DEBT FREE JULY 2019Emergency Fund 614/1000
    • DebtFreeFrog
    • By DebtFreeFrog 23rd Apr 18, 12:13 PM
    • 56 Posts
    • 141 Thanks
    DebtFreeFrog
    You're doing great Meena! Keep Going!
    07/11/17 8199.31 Debt
    • MeenaM
    • By MeenaM 25th Apr 18, 4:15 PM
    • 257 Posts
    • 471 Thanks
    MeenaM
    Thank you DebtfreeFrog!

    Payday ! the Barclays is reducing nicely, hope at the next payday to have beaten it , really got to keep the food budget under control this month ,
    Sealed Pot 11. #199Next1170Barclays Credit Card 4891.20/0- 0% ends April 2019 virgin 0% ends july 2020 4138 3252.49AA Credit Card 860 0- 0% ends Dec 2017 Sainsburys Credit Card 521.27-0 0% ends Feb 2018 STARTED Nov 17AIM TO BE DEBT FREE JULY 2019Emergency Fund 614/1000
    • MeenaM
    • By MeenaM 2nd May 18, 8:56 PM
    • 257 Posts
    • 471 Thanks
    MeenaM
    thank the Lord the car passed it's MOT! , paid for that , a service and new back coil pack ,(what ever that is ) all out of my sinking fund for the car , and its still got 72 left in it, first time in a long time I have had the money saved for it and not put on a credit card !

    on the other hand hubby's car insurance has gone up 17 per month ! he's put on a direct debit for 10 months which they have charged him 11 % interest for! its a company lease car and he has to have a certain type of insurance for it , which is expensive
    Last edited by MeenaM; 02-05-2018 at 9:03 PM.
    Sealed Pot 11. #199Next1170Barclays Credit Card 4891.20/0- 0% ends April 2019 virgin 0% ends july 2020 4138 3252.49AA Credit Card 860 0- 0% ends Dec 2017 Sainsburys Credit Card 521.27-0 0% ends Feb 2018 STARTED Nov 17AIM TO BE DEBT FREE JULY 2019Emergency Fund 614/1000
    • MeenaM
    • By MeenaM 10th May 18, 1:22 PM
    • 257 Posts
    • 471 Thanks
    MeenaM
    Good news ! no interest rate rise this month , so my mortgage payments stay the same happy.

    still on track to repay Barclays by this payday , then start to attack the Virgin CC
    Sealed Pot 11. #199Next1170Barclays Credit Card 4891.20/0- 0% ends April 2019 virgin 0% ends july 2020 4138 3252.49AA Credit Card 860 0- 0% ends Dec 2017 Sainsburys Credit Card 521.27-0 0% ends Feb 2018 STARTED Nov 17AIM TO BE DEBT FREE JULY 2019Emergency Fund 614/1000
    • MeenaM
    • By MeenaM 27th May 18, 6:05 PM
    • 257 Posts
    • 471 Thanks
    MeenaM
    Another CC paid off! the barclays is no more.

    it's tough though real tough to keep doing this , the end is in sight for my last CC which if all goes according to plan should be gone by October, then we have to tackle DH's two cards, I don't even want to post those until my last one has gone i think psychologically i need to see the wins i have had with all my cards first .i'm just so tired of this though , and the prospect of no holiday this year is hard for us all
    Sealed Pot 11. #199Next1170Barclays Credit Card 4891.20/0- 0% ends April 2019 virgin 0% ends july 2020 4138 3252.49AA Credit Card 860 0- 0% ends Dec 2017 Sainsburys Credit Card 521.27-0 0% ends Feb 2018 STARTED Nov 17AIM TO BE DEBT FREE JULY 2019Emergency Fund 614/1000
    • MeenaM
    • By MeenaM 13th Jul 18, 10:58 AM
    • 257 Posts
    • 471 Thanks
    MeenaM
    we are not going away this year but we have decided to do some day trips and treats instead , we have national trust membership so will visit some of those places where we can get in for free and take picnics also may get to a sea side one day if the weather is still good

    will be able to get the Virgin down to just under 3000 by this next pay day then i plan to pause the debt snowball for our "holiday" time , then attack again , i should have the virgin one cleared by November , fingers crossed . i was hoping for some more extra hours at work but that hasnt materialised unfortunately

    hope all are well here
    Sealed Pot 11. #199Next1170Barclays Credit Card 4891.20/0- 0% ends April 2019 virgin 0% ends july 2020 4138 3252.49AA Credit Card 860 0- 0% ends Dec 2017 Sainsburys Credit Card 521.27-0 0% ends Feb 2018 STARTED Nov 17AIM TO BE DEBT FREE JULY 2019Emergency Fund 614/1000
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

140Posts Today

2,047Users online

Martin's Twitter
  • Ta ta... for now. This August, as I try and do every few yrs, I'm lucky enough to be taking a sabbatical. No work,? https://t.co/Xx4R3eLhFG

  • RT @lethalbrignull: @MartinSLewis I've been sitting here for a good while trying to decide my answer to this, feeling grateful for living i?

  • Early days but currently it's exactly 50 50 in liberality v democracy, with younger people more liberal, older more? https://t.co/YwJr4izuIj

  • Follow Martin