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    • Drawingaline
    • By Drawingaline 4th Dec 17, 9:37 AM
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    Drawingaline
    Drawing a line under the debt. Take two.
    • #1
    • 4th Dec 17, 9:37 AM
    Drawing a line under the debt. Take two. 4th Dec 17 at 9:37 AM
    So, I can't believe that I haven't updated my diary since the end of march. So much has happened in that time I feel a fresh new one is better. Here is the link to my previous one.

    http://forums.moneysavingexpert.com/showthread.php?t=5585379

    So what has happened. Well my husband FINALLY got a job! He was made redundant in April 2016 and started a new role in June 2017. In that time I was holding down two part time jobs so that we could pay the mortgage and bills and in that time I also made a bit of a dent in the debt we owed. The role he got was originally a six month contract through an agency so we were obviously concerned for the future, but within a month he was invited to apply for a full time position and got it. So since the end of September he has been back in a permanent role, and we have no concern that he won't pass his probationary period which is up just after Xmas. The job is also with a very good company, and he gets a discount card for two shops so that is great too. The only downside is that he has to take two trains to get there which is about £300 a month and he is only on what he was on in his previous job, but due to our finances being in much better shape now it is doable.

    I started YNAB in Oct 16 and have used it very carefully for the past year. I adore it and plan to keep it forever

    So what has been happening to the debt. Last time I was here I had cleared our big loan due to wanting to avoid having too much in savings because of a massive mistake by the job centre with my husband's JSA claim. He signed off the week after the interview we had with them and I was planning to xfer the child benefit to his name for his NI to be paid but then he landed the job. We have heard nothing from them at all. I still think they may try to claw back the money that we received that we shouldn't have and of course if that happens we will dispute it as we didn't lie or omit anything, it was a massive error in their part, but we will pay money back if we have to. But nothing, not a word at all

    I had managed to get the debt down from 22k to 17k with aggressive debt payments but in may I received a decent sized inheritance from a family member. Enough to buy a new (to us) car (mine finally died in early September at 17yrs old) clear 10k of debt and do some of the much needed home improvements. The reason I didn't clear all the debts was that we would have been left with nothing at all for the home improvements (and I was bored of having half a kitchen and no bath) and our back fence fell down in July so we have had a lovely new back fence out up, and am getting the back garden landscaped, had a new bathroom put in, finished the kitchen (apart from tiling, need to save for this) plastered the rest of the house, and had some new carpets out in. The relative that left the money was huge on owning your own property and I felt I needed to use some of the money to add value to the house. There is still stuff to do and I am saving for that now.

    So our debt stands at about 8k total. One loan and one interest free credit card. My go going forward is to not add to that and clear the credit card within the time limit.

    This coming year we are planning two big holidays so everything spare is going towards that, I need £3500 by the end of march, I have £1000 towards that already but debt busting will be taking a bit of a backseat while I get all this money together.

    Personally, I have quit one of my jobs. Once we knew my husband was employed full time by the company we looked at the finances and due to some quite serious issues our smallest child is having ongoing at school, we decided it was important that I was home more in the evening. Also the company that took us over a year ago are a shocking company to work for so the decision was an easy one to make and I quit my evening job. I miss it so much, it was a job I adored and I loved most of the people I worked with. But it was right for us as a family. So now I am self employed school hours, mon-fri, which is hard work. I get no time to myself and feel I am constantly playing catch up at home, but it needed to be done. The smallest boy did improve quite a bit after I finished work, but this past week has had a huge backslide again

    Anyway enough about me now, I am off to catch up on the diaries I used to follow to see what everyone has been up to. So pleased to be back
Page 4
    • Drawingaline
    • By Drawingaline 16th Feb 18, 12:03 PM
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    Drawingaline
    Bonus lie in this morning as hubby's trains were all cancelled, so he is working from home. But it meant I overslept as I didn't set another alarm, which has put me behind for the day! Also had to factor in getting petrol,as was driving on fumes, I normally get it after dropping him at the station at 6.45am.

    Anyway hopefully caught up now. So interest was applied to the loan £44. Last night I cleared the rest of the money I had left over from the weekend away by buying my daughter's birthday presents (it's mid march) £55. I also bought some new curtains for her room £25, so I 'borrowed' some from our french trip category and added it to what was left and paid enough off the loan to bring it under 11k. New balance is


    £10,999.93 but it's amazing how much of a boost getting below 11k has given me there may be a bit less coming off than I want on the 26th, depends on what I decide to do about hubby's birthday and the conservatory. Going to get paint for it tomorrow and get the wall done if I can. That's stage one, but not sure I can do it with the amount t of stuff in it. I need a big plastic shed thing so I can get all the gardening stuff out. Although if I actually took all the stuff in the porch to the charity shop I could put the stuff in there......

    Anyway back to it.
    • Drawingaline
    • By Drawingaline 17th Feb 18, 7:51 PM
    • 431 Posts
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    Drawingaline
    So I decided to go and buy the plastic shed box thing. It was reduced to £87 and I have £65 in cash for my gardening budget, and will get another £20 cash from a job on Wednesday. So am covering it with my spends until then. But it meant that I could get all my gardening stuff out of the conservatory.

    I went out last night £35 on a meal and drinks. More than I planned, but it was so nice to meet up with my old work colleagues, I miss them all so much and we are planning on doing it again in a couple of months.

    Today I did two tip runs and have at least another one to do at some point. But I have cleared nearly half the conservatory and scrubbed the windows and frames, hoovered, scrubbed the back door and the bit of the roof I can get too. I am exhausted

    I have a spa day tomorrow with my sister, she got it as my birthday present and I am looking forward to it. It's a Groupon deal but I have done it before and it's a nice enough spa and a good deal. Going early (had to be a specific time slot due to the deal) and will be out of the spa by lunchtime so will grab some lunch while we are there. I am sure when I get back I will go to the tip and keep on at the conservatory, such an exciting life

    Anyway off to battle the little two into bed, always interesting
    • Mumoffourkids
    • By Mumoffourkids 18th Feb 18, 6:08 AM
    • 628 Posts
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    Mumoffourkids
    Well done on getting below £11k drawing! Also your life sound about as exciting as mine with tip runs. I seem to do one of those at least once every two weeks! I am now known down the tip by the men that work there and a few of them now help me get the rubbish out of my car

    Enjoy your day the spa today
    Total debt Dec 2017 £23090.83
    Ma7 2018 £3691.78 84.01% paid
    Emergency fund £150/£600
    Total Savings £1328.05
    • FiscalPickle
    • By FiscalPickle 18th Feb 18, 1:59 PM
    • 116 Posts
    • 285 Thanks
    FiscalPickle
    Its a great feeling smashing the barrier into another downwards bracket, got my sights set on the 18s next! X
    Last edited by FiscalPickle; 18-02-2018 at 1:59 PM. Reason: Annoying apostrophe thing
    DFD - 26/10/19
    In the process of shedding £20k and 35lbs
    • Drawingaline
    • By Drawingaline 19th Feb 18, 10:43 AM
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    Drawingaline
    Thanks for stopping by and the encouraging words

    So today I have had to do an adjustment in YNAB. It's because I paid for the shed from an account not with the cash I had set aside. So I got in a mess. Ended up down £1.30 and I will have to out the cash into the bank when I got to town on Thursday. I hate having cash around, it makes me twitchy anyway all sorted, budget matches bank accounts and all is good.

    I have been playing with he overpayment calculator for the loan. Apparently if I pay £305.01 off it that will take me to two months off, any less is one month. So I will be paying £305.93 on Friday to bring it to a nice round number then with next month's payment and interest overpayment I will be below £10500, if I can manage the same in march/April it would be below 9k by mid April it's doable, just means rethinking hubby's birthday. At least the girls presents are all on the way.

    Anyway back to work
    • Drawingaline
    • By Drawingaline 21st Feb 18, 8:45 PM
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    Drawingaline
    Not a great day today. My last client is a bit of a pain and I don't think I will be carrying on with her much longer. I am thinking if I ditch her and shift my other two Wednesday jobs about soon do them the same week (they are a two weekly rota) I would actually have almost a whole day off every two weeks and one afternoon off the other week. I would lose around £80 a month which isn't ideal, but atm I am struggling to cope with the house ontop of children and work. It would mean I could plan stuff that needed doing and arrange deliveries etc a bit easier. Have spoken to my boss and depending on the outcome of her chat to the client we shall see what happens. If the boss doesn't agree to stop immediately the I will I've notice for it for the end of April and she can get someone else to cover it.

    I have spent on a credit card for a new ice machine. £100 however hubby gets paid on Friday so will use the spare £100 to clear it then. Our old one broke 6months ago and we all miss it. It was a luxury when I first got one or hubby at xmas, but we all quickly got used to it and it was a godsend in the summer months.

    So in friday, money into April's bills, march's 'true expenses' and sinking funds, £305.93 off the loan and £100 to credit card. Unless something drastic happens tomorrow
    • Drawingaline
    • By Drawingaline 23rd Feb 18, 10:02 PM
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    Drawingaline
    So hubby got paid. April bills all filled up in YNAB, march received all the bits for Xmas, car maintenance etc. Ice machine paid for. So paid a total of £325.03. debt total £10674.90 so just under £900 paid off since 11/1/18. Not bad going I think. I definitely wouldn't have paid that off the credit cards, I am obviously an odd one with my preference to a loan over a cc. I saved £76 of interest with this last overpayment, I like the calculator on the banks website.

    However a not good thing is the £4 I now owe on the credit card and I now need to move money to pay it. Basically I was browsing for free Kindle books, I normally get a few at a time, often they are the first in a series etc, if I don't read them or don't like them I can just delete them and I feel no guilt. However this time I was really tired and I seem to have bought four at 99p am mightily !!!!ed off with myself as it's messed everything up. It's a tiny amount in the grand scheme of things but I have been doing so well at using the credit card in ynab correctly and now it's gone wrong. I think I am more annoyed at myself as I could probably find a £4 Kindle book I actually want rather than 4 I MIGHT like. One of the downsides of e-books is that I can't 'see' them. I like to hold a book, how the book feels, looks, smells and the text is laid out tells me so much about the kind of book it is and if I get the right sense off it I know there is a high chance I will enjoy it. I will chose a book by an unknown author in a genre i would never choose if the book feels 'right'. Can't get that on a Kindle I think I am odd

    The £4 will get sorted and I will force myself to read these books now, but am really annoyed atyself. All over £4
    • savingholmes
    • By savingholmes 23rd Feb 18, 11:12 PM
    • 8,955 Posts
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    savingholmes
    Well done on the payments.

    It's easy full stop to spend on amazon and ebay etc... so easy mistake to make. Stop beating yourself up...
    Today is a new day £93/310 £10 a day Mar Challenge DFD August 2021
    • ChasingSunshine
    • By ChasingSunshine 24th Feb 18, 12:51 PM
    • 128 Posts
    • 994 Thanks
    ChasingSunshine
    Don't know if it helps but with the kindle books you can return them and get your money back. I have done the same thing a few times when something was on the list of free books but not actually free. Off the top of my head think its in account and manage my devices. I have to do it off the website as don't know if there is a way on the kindle itself.
    Worth a try especially if you haven't read them yet. Agree its only a small amount but still better spent on something you actually want.
    • Drawingaline
    • By Drawingaline 24th Feb 18, 7:48 PM
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    Drawingaline
    Thanks, I will look into that.

    Quite a busy day today. Left early to pick up my neices and take them to a jumble sale my sister was hosting. Her car was full of jumble. It also meant that I cleared my porch of all the stuff that has been accruing for the charity shop for the past six months but I couldn't stay and help as had to dash off for a hair appointment. Four hours later I got home (I have roots done and slices of colour put in, takes ages!) Starving, so had some lunch then loaded up the car for another tip run. But my back garden is clear now. Then wrote a shopping list and went to the supermarket with hubby the girl and the wierd one. Spent a bit too much, but I think I am going to have to looks increasing my food budget a bit, prices are definitely going up a bit. The wierd one fell off one of those travelator things, he got on the one coming up thinking it was going down (due to some teens climbing up the down one ) he got quite upset, but luckily he didn't do his trick of sitting down and refusing to move. He is a big load and it takes two of us to lift him when he does this, one of the reasons I rarely take him out on my own.

    So am going to have to shift funds around a bit I think, to allow a bit more for food. Have another two weeks, freezers and store cupboard are full it's always fruit and sandwich stuff we run out of. Hopefully hubby will stock up if we need any more before we get any more food money.
    • Mumoffourkids
    • By Mumoffourkids 24th Feb 18, 8:05 PM
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    Mumoffourkids
    Yaayyy to garden being cleared, but boooo to having to increase food budget and reshuffle money around. And very busy day. I had a busy morning but then lost all motivation and got very tired so am now in bed. Hope you have a less busy day tomorrow!
    Total debt Dec 2017 £23090.83
    Ma7 2018 £3691.78 84.01% paid
    Emergency fund £150/£600
    Total Savings £1328.05
    • savingholmes
    • By savingholmes 24th Feb 18, 8:17 PM
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    savingholmes
    Productive day at least. It's hard to work out what your food budget should be. I tend to overspend mine despite all my best intentions.
    Today is a new day £93/310 £10 a day Mar Challenge DFD August 2021
    • Drawingaline
    • By Drawingaline 28th Feb 18, 9:08 PM
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    Drawingaline
    So after Saturday I spent Sunday being lazy
    I woke at 10.30 so missed church which was annoying but I obviously needed the sleep. I visited my mum and dad and everything is slowly getting better there, but still feel incredibly let down. I need to try and draw a line under it ( ) I think. I am awful at holding grudges, need to work on that.

    Been an ok week at work. The difficult client cancelled for this week and next which was a relief tbh. Will see how that goes over the coming month.

    We live in the tiny bubble of the UK that has had NO SNOW been -5.5 the past two mornings though when taking hubby to the station at 6.45am been feeling that, and the car has been starting with a protest kids so annoyed that they haven't !!!! the schools. Apparently it may hit tomorrow so the boys school has taken the decision to shut early. OMG you would think the world had ended, the girl went off on a complete rant (they attend different secondary schools, through choice, they like being in different schools) as hers hasn't decided to shut yet. 14yr old girls are self absorbed, indignant, entitled brats sometimes then as we were putting the little two to bed the boy bragged to them that he was off school which prompted complete and utter meltdown from the smallest, complete with kicking and throwing, and the wierd one just collapsed in a sobbing heap as it was all so unfair. So fun and games in the DAL household tonight

    And I am sitting here praying the snow stays away, if I can't work for the next two days, that is 11hours pay I won't get which means over £100 down on payday, which means less off the debt I hate snow
    • Drawingaline
    • By Drawingaline 28th Feb 18, 9:18 PM
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    Drawingaline
    So the smallest has just come down to tell me he is thinking of things he will do to help me to make up for the throwing and kicking. This is a huge improvement, showing empathy etc, am actually feeling quite proud

    And a money saving thing I did today, was to book the boys next two free running classes online using a 50% discount code the trampoline place have given out. Just hope we can go on Friday depending on the weather. If they cancel I can reschedule, if they are open and we don't go we will lose it. So hopefully it all works out ok. But £8.50 saved
    • Drawingaline
    • By Drawingaline 8th Mar 18, 9:54 PM
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    Drawingaline
    Been slacking on the updates, but the last two I have done have disappeared anyway we had two snow days, I managed to get to one job with all the stuff in the sledge as it was two streets away. Hubby was working from home too. But by Monday we were all ready to get back to normal!

    Child benefit came in this week, so now have £400 for the trip to France, going to get that as euros and try and save a bit more in the bank that we can use if need be.

    Been spending far too much on food again. Really need to start to meal plan a bit better.
    Have rejigged when I pay what in the month which means I can afford to drop a client, but the smallest is coming to the end of his time at the specialist unit so I may be able to fit in another one on a Thursday. But I am worried about his transition to full time school, he is doing so well but I think there will be a bit of a backslide as he gets used to it again.

    Anyway five days until payday
    • Drawingaline
    • By Drawingaline 13th Mar 18, 9:51 PM
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    Drawingaline
    Been really easing off on updates so must try and sort that!

    I got paid yesterday, mortgage ready to go out later in the month, loan payment sorted and £80 into entertainment. Main food shop has been delivered and am trying to eat out of the freezer now.

    It's the his birthday on sat. Have her presents all bought, she wants to go to Mcd's for tea so nice and cheap. The smallest has a party on Sunday so a gift purchased and all ready to go.

    I was doing well on the financial front, but have just signed the smallest up to a singing/dance/drama class to help build confidence (and he asked to do acting after a theatre visit with school!) And it is pricey. Going to have to rejig the budget to fit it in, but if it helps him in any small way it is worth the investment in my eyes. He finishes at the unit next week and his one to one at mainstream school is also leaving so some upheaval coming his way. The manager of the unit spoke highly about him and I think he will be missed by all the staff. I cannot praise the unit enough, he has come on so much in the two terms he has spent there and is so much better at regulating how he is feeling and makes himself 'safe' rather than lashing out at other children and staff members. He still has the occasional episode but hasn't needed to be restrained in a few weeks (it used to be a daily occurance) and is just generally calmer. He still struggles with the busyness of his classroom, but his coping strategies seem to be working.

    Anyway I am shattered, and am off to bed
    • Drawingaline
    • By Drawingaline 14th Mar 18, 11:02 AM
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    Drawingaline
    So I covered the cost of the drama class from my fuel category, going to have to drive carefully for the rest of the month

    Hubby's work are having a Legoland sale for a set date later this year, £13 a ticket so that has gone on the credit card, couldn't turn down a day out at Legoland for less than £100 hubby gets paid on 25th and I am planning on becoming fully buffered for ALL monthly categories except the loan repayment and mortgage. So there will be nothing going on debt unfortunately, but means everything is up to date and I think I will feel an accomplishment. When I get paid in April I will pay some into June and then some for France, pay off the Legoland tickets and then MAY try and get the stuff for the conservatory. Which again means nothing off the debt bar the interest payment, but I think I will feel better trying to get stuff done. There is a lot of expenses coming up over the summer though.

    I have the possibility of a new client. So that will help and once the smallest is back to mainstream school I should be able to fit in another one on a Thursday. I will have full days Monday/Tuesday/Thursday/Friday, but will be finished by 11.30 on a Wednesday. So time off to plan things. Deliveries, things like getting new tyres/mot etc, and to catch up with friends.

    New tax year means tax credits are re-evaluated which I hate. ATM it looks like our payment is going up by £150 as an overpayment has been paid back, but I never trust it. I am going to try and get my self employed tax returns or before the end of April rather than waiting until January, that way the tax credits should be pretty accurate for the coming year. But we shall see.

    Anyway break over, back to it!
    • Drawingaline
    • By Drawingaline 16th Mar 18, 8:04 PM
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    Drawingaline
    So it took money from our holiday fund and am now fully buffered it was annoying me only having essential bills buffered, so now all sinking funds etc are a month ahead in ynab. Everything except the mortgage (too much money yet!) And the loan payment (better off the loan than sitting in the bank) so when hubby gets paid I will be setting up June's essential bills in ynab, paying back some of the holiday fund, paying off Legoland and putting a small amount aside for the Easter hols. Rest on loan. Them when I get paid around 11th April I will do all sinking funds etc for june, some for France weekend and rest on debt. Think k can get around £700 paid off in total.

    Normal loan payment came out, and interest was applied. £37. So around £6 less than last month. Have paid that in. Total now £10459.31 and feeling positive!
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 16th Mar 18, 11:14 PM
    • 1,474 Posts
    • 7,053 Thanks
    wishingthemortgaheaway
    Wow, saving £6 a month in interest is good going.
    Well done. And I agree with you, if you have secure incomes, get the money paid off the loan rather than sitting in your account.
    The 100 payment countdown (each payment = £400) 2018 Starts at 13/100 o/s £34,750.
    Jan 18 14/100 Feb 15/100 March 18/100 April 19/100 May 20/100 June 21/100
    Term Mortgage free date: October 2029 Current mortgage free date: April 2025 March 2024 Jan 2024
    MFW 2018 Challenge Member #162 £1600ish/£2,500
    • Mumoffourkids
    • By Mumoffourkids 17th Mar 18, 4:33 AM
    • 628 Posts
    • 3,141 Thanks
    Mumoffourkids
    Wow thatís really good having everything except the mortgage and loan buffered. I will get to that point one day but probably not until the debt has gone. I am impressed. How long did it take you to get to this point?
    Total debt Dec 2017 £23090.83
    Ma7 2018 £3691.78 84.01% paid
    Emergency fund £150/£600
    Total Savings £1328.05
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