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  • FIRST POST
    • Mumoffourkids
    • By Mumoffourkids 15th Dec 17, 9:12 PM
    • 653Posts
    • 3,357Thanks
    Mumoffourkids
    Single, six kids and going to be debt free!
    • #1
    • 15th Dec 17, 9:12 PM
    Single, six kids and going to be debt free! 15th Dec 17 at 9:12 PM
    Okay, so I finally decided to face up to my debts and now my income is pretty much stable, I can now budget and work out how much to pay. My soa is below and I believe I have budgeted for everything. I know I have a big surplus but this is only recent and from the new year I want to start paying everything off.

    I know that if I threw everything at the debts that I could be debt free a lot sooner but I can't expect the kids to live like that really.

    So I calculated that if I pay 500 off my debts each month, then I will be debt free in 44 months, so three years and 8 months. However, as my old debts are not currently being paid, I plan on offering them minimal payments at the moment and then save up to offer them full and final settlements so hopefully I can be debt free sooner.

    Next is to find some challenges to join!

    Statement of Affairs and Personal Balance Sheet

    Household Information
    Number of adults in household........... 1
    Number of children in household......... 6
    Number of cars owned.................... 1

    Monthly Income Details
    Monthly income after tax................ 900
    Partners monthly income after tax....... 0
    Benefits................................ 3527.64
    Other income............................ 975
    Total monthly income.................... 5402.64

    Monthly Expense Details
    Mortgage................................ 0
    Secured/HP loan repayments.............. 0
    Rent.................................... 1200
    Management charge (leasehold property).. 0
    Council tax............................. 93
    Electricity............................. 120
    Gas..................................... 10
    Oil..................................... 0
    Water rates............................. 63.54
    Telephone (land line)................... 10
    Mobile phone............................ 51.81
    TV Licence.............................. 12.37
    Satellite/Cable TV...................... 39.98
    Internet Services....................... 10
    Groceries etc. ......................... 433.33
    Clothing................................ 100
    Petrol/diesel........................... 260
    Road tax................................ 25.83
    Car Insurance........................... 120
    Car maintenance (including MOT)......... 100
    Car parking............................. 0
    Other travel............................ 10
    Childcare/nursery....................... 1000
    Other child related expenses............ 140
    Medical (prescriptions, dentist etc).... 0
    Pet insurance/vet bills................. 0
    Buildings insurance..................... 0
    Contents insurance...................... 7.27
    Life assurance ......................... 0
    Other insurance......................... 0
    Presents (birthday, christmas etc)...... 150
    Haircuts................................ 0
    Entertainment........................... 303.33
    Holiday................................. 50
    Emergency fund.......................... 0
    Total monthly expenses.................. 4310.46


    Assets
    Cash.................................... 0
    House value (Gross)..................... 0
    Shares and bonds........................ 0
    Car(s).................................. 500
    Other assets............................ 0
    Total Assets............................ 500

    No Secured nor Hire Purchase Debts

    Unsecured Debts
    Description....................Debt......Monthly.. .APR
    Overdraft......................1000......30....... .0
    Catalogue......................247.......60....... .0
    Catalogue......................593.......35....... .0
    Old debts......................20000.....0.........0
    Tax credits....................410.......0.........0
    Total unsecured debts..........22250.....125.......-


    Monthly Budget Summary
    Total monthly income.................... 5,402.64
    Expenses (including HP & secured debts). 4,310.46
    Available for debt repayments........... 1,092.18
    Monthly UNsecured debt repayments....... 125
    Amount left after debt repayments....... 967.18

    Personal Balance Sheet Summary
    Total assets (things you own)........... 500
    Total HP & Secured debt................. -0
    Total Unsecured debt.................... -22,250
    Net Assets.............................. -21,750
Page 31
    • Chrystal
    • By Chrystal 8th Apr 18, 4:17 PM
    • 374 Posts
    • 2,420 Thanks
    Chrystal
    Don't know what to say really about ex OH... I'd be calling down lightening bolt on him if it was me!
    Maybe next time you can say you're going out and won't be back till XY time?

    Does he work away? Can't imagine why he hasn't seem them for 6 weeks, and if he can't cope with them for a few hours how the hell does he think you manage?

    Definitely get DD to help when she gets home.... sounds as though it's time for everyone to realise that you're not a robot and it's time they started to give more thought to you. ((hugs))
    I Believe.....
    That it isn't always enough, to be forgiven by others.
    Sometimes, you have to learn to forgive yourself.
    • Mumoffourkids
    • By Mumoffourkids 8th Apr 18, 8:37 PM
    • 653 Posts
    • 3,357 Thanks
    Mumoffourkids
    Don't know what to say really about ex OH... I'd be calling down lightening bolt on him if it was me!
    Maybe next time you can say you're going out and won't be back till XY time?

    Does he work away? Can't imagine why he hasn't seem them for 6 weeks, and if he can't cope with them for a few hours how the hell does he think you manage?

    Definitely get DD to help when she gets home.... sounds as though it's time for everyone to realise that you're not a robot and it's time they started to give more thought to you. ((hugs))
    Originally posted by Chrystal
    Thanks Chrystal, DD1 did indeed tidy the entire living room and conservatory and moved the dining table and chairs for me whilst I was out picking the kids up, so she did help in the end. I think she thought she was only going to be an hour in town but ended up going for the whole afternoon!

    Oh and EX-H hasn't seen the kids because he only sees them every three weeks. We live about two and half hours drive apart and this arrangement was originally put in place when he lived with his parents in a 2 bed house. Now he has his own 5 bed house but he doesn't want to change the arrangement and only wants to see them every three weeks. Unfortunately four of the kids play rugby and they have training on a Saturday morning and matches Sundays. I don't like them missing too much of their rugby so I try to work out when they can go to see him when they don't have a match. Unfortunately the last time he was supposed to see them, there was a snow warning but it was the second warning and we didn't really get much snow at all. He put off having the kids and we were away the week after on a rugby tour.

    I have said to him that the arrangements need to change as originally it was because his parents didn't like the kids staying too often. He just replied with, well it suits me fine only seeing them every three weeks. Even then we don't meet until half nine on a saturday morning and the last few times we have met, he has brought them back early on a sunday (I am talking 11am to lunchtime) as one of the girls has had a rugby match. So in my eyes he has barely seen them for 24 hours! He thinks because he pays what the child maintenance calculator says he should, he thinks that is his responsibility done.

    Sorry rant over, but it does annoy me! The other ex (dad of the youngest) will quite happily take the two youngest for the day and will even take the next two as well if the oldest two are playing rugby. He doesn't have to but he does it because he knows it helps me and the kids really like him.
    Total debt Dec 2017 23090.83
    Jul 2018 2279.78 90.13% paid
    Emergency fund 218.57/600
    Total Savings 2006.60
    • Storm89
    • By Storm89 9th Apr 18, 7:55 AM
    • 174 Posts
    • 1,352 Thanks
    Storm89
    Your youngest father sounds great mumoffour , it's a shame your ex husband is a pita. The kids will realise as they're not daft , it's not all about the money it's about spending time with his kids , he sounds an utter idiot. 'It suits me fine seeing them every 3 weeks' oh well that's all right then if it suits YOU fine .
    • Mumoffourkids
    • By Mumoffourkids 9th Apr 18, 8:09 AM
    • 653 Posts
    • 3,357 Thanks
    Mumoffourkids
    Thanks Storm. The youngest's dad has his moments. Sometimes he is really helpful and other times he needs to grow up a bit. But that is probably most men to be fair!

    The Ex H is a PITA and I have given him dates when the kids are free so will see if he replies!

    So today will be a sorting out clothes day. Seeing as I caught up with all the washing yesterday, today will be sorting the clothes out and putting them away. I also want to sort out the TV unit but apart from that I don't have any major plans of things to sort out. I can't believe I am actually saying that! There are lots of little places to sort out so I might do a couple of them I suppose.

    But for today the list is as follows:

    - Sort out dry washing
    - Put all dry clothes away
    - Iron school clothes
    - Wrap up presents bought for DD1 and DD3
    - Sort out TV unit
    - Take DD1 to work and do tip run on the way
    - Put food order away this evening
    - Meal plan for the week
    - Take DD3 to Opticians this afternoon
    - List ten things on ebay/FB
    Total debt Dec 2017 23090.83
    Jul 2018 2279.78 90.13% paid
    Emergency fund 218.57/600
    Total Savings 2006.60
    • charlies tribe
    • By charlies tribe 9th Apr 18, 2:56 PM
    • 776 Posts
    • 5,627 Thanks
    charlies tribe
    You are doing fantastic with the house. I could so do with some of that motivation. Your children sound fantastic too! If i even mention cleaning mine have disappeared in seconds.
    LBM in April 17 - 8433/33554 (25.1%) paid.
    2018 PAID OFF TARGET 2809/5000 (56.18% paid)
    Mortgage@1 June 18 = 1134/76350 Total debt @ 1st June 18=102311 100337
    SPC #591
    • kerron7
    • By kerron7 9th Apr 18, 4:40 PM
    • 253 Posts
    • 430 Thanks
    kerron7
    I wish I could have your motivation, I wake up with good intentions then it falls by the wayside as the day goes on!
    25.02.17 - 20,810.73
    03.06.17 - 19,222.94
    05.04.18 - 18,118.08

    Emergency Fund - 1/500
    • Mumoffourkids
    • By Mumoffourkids 9th Apr 18, 6:23 PM
    • 653 Posts
    • 3,357 Thanks
    Mumoffourkids
    You are doing fantastic with the house. I could so do with some of that motivation. Your children sound fantastic too! If i even mention cleaning mine have disappeared in seconds.
    Originally posted by charlies tribe
    Thanks Charlie, and don't worry my kids normally run a mile when I mention cleaning. I think my eldest felt bad that she didn't help me with the garage. Her friend helped her as well and I normally take her friend to the gym so I think she felt she had to pay me back a bit.

    I wish I could have your motivation, I wake up with good intentions then it falls by the wayside as the day goes on!
    Originally posted by kerron7
    Oh I start off with good intentions and then by the afternoon/evening, they have normally all left me and I find myself on here reading diaries!
    Total debt Dec 2017 23090.83
    Jul 2018 2279.78 90.13% paid
    Emergency fund 218.57/600
    Total Savings 2006.60
    • Mumoffourkids
    • By Mumoffourkids 9th Apr 18, 6:25 PM
    • 653 Posts
    • 3,357 Thanks
    Mumoffourkids
    So today has gone as follows:

    - Sort out dry washing
    - Put all dry clothes away - apart from mine but I will do them soon
    - Iron school clothes - nearly done, just got DD3's to do which I will do next
    - Wrap up presents bought for DD1 and DD3
    - Sort out TV unit
    - Take DD1 to work and do tip run on the way
    - Put food order away this evening
    - Meal plan for the week
    - Take DD3 to Opticians this afternoon
    - List ten things on ebay/FB

    So a few bits to do this evening but I am hoping they get done as I am at work tomorrow so won't have much time to do anything in the evening. Right best get this ironing finished.
    Total debt Dec 2017 23090.83
    Jul 2018 2279.78 90.13% paid
    Emergency fund 218.57/600
    Total Savings 2006.60
    • kerron7
    • By kerron7 9th Apr 18, 6:26 PM
    • 253 Posts
    • 430 Thanks
    kerron7
    Mine pull a face too when I ask them to do anything which is wash up once a week! And even more so when I list off the things I had to do at their age.
    25.02.17 - 20,810.73
    03.06.17 - 19,222.94
    05.04.18 - 18,118.08

    Emergency Fund - 1/500
    • Mumoffourkids
    • By Mumoffourkids 9th Apr 18, 8:09 PM
    • 653 Posts
    • 3,357 Thanks
    Mumoffourkids
    Mine pull a face too when I ask them to do anything which is wash up once a week! And even more so when I list off the things I had to do at their age.
    Originally posted by kerron7
    Surprisingly mine have helped tidy up the living room including the three year old! I think they must want something as they usually aren't that helpful .

    So onto today's list:

    - Sort out dry washing
    - Put all dry clothes away - apart from mine but I will do them soon
    - Iron school clothes - all done
    - Wrap up presents bought for DD1 and DD3
    - Sort out TV unit
    - Take DD1 to work and do tip run on the way
    - Put food order away this evening - Done and kids helped!
    - Meal plan for the week
    - Take DD3 to Opticians this afternoon
    - List ten things on ebay/FB

    So all kids are in their rooms in bed, they may not be asleep but at least they are out of the living room, which is sort of clean and tidy! So I am at the laptop and will try and list some bits for sale as at present I haven't got anything listed on ebay!
    Total debt Dec 2017 23090.83
    Jul 2018 2279.78 90.13% paid
    Emergency fund 218.57/600
    Total Savings 2006.60
    • Mumoffourkids
    • By Mumoffourkids 9th Apr 18, 8:30 PM
    • 653 Posts
    • 3,357 Thanks
    Mumoffourkids
    So meal plan for the week as I don't seem to have a pen and paper handy:

    Tuesday - Chicken Dippers & waffles
    Wednesday - Home made pizzas
    Thursday - Chicken Drumsticks & garlic bread
    Friday - Pasta bolognaise
    Saturday - Roast Chicken
    Sunday - Burgers/Sausages & chips
    Total debt Dec 2017 23090.83
    Jul 2018 2279.78 90.13% paid
    Emergency fund 218.57/600
    Total Savings 2006.60
    • Mumoffourkids
    • By Mumoffourkids 10th Apr 18, 9:33 PM
    • 653 Posts
    • 3,357 Thanks
    Mumoffourkids
    So back to work today so it was a busy day. Although last night I was obviously in a sorting mood as I cleared the bag that was on the landing of general stuff that had come out of my room, most was rubbish. There were a few books which I put on my bookcase and then some other bits which I need to find homes for but wasn't too bad really!

    Then I did some listing and managed to get 2 things on ebay and 7 things on FB.

    So today hasn't been as productive, but I did go to work and then came home, picked up kids from various places, did dinner for them, washed up, put washing on, put washing in tumble dryer and then went to the gym!

    I have also just done DD2's passport application online. Just need to print out and sign tomorrow before sending off as I already have the photos. So that is one passport out of the way before December! Just another 5 to go!

    I am just boiling some eggs for my lunch tomorrow and then I will go to bed. Another early start in the morning and back to work again. Tomorrow evening I really need to match some socks as the odd sock pile is getting out of hand a bit!
    Total debt Dec 2017 23090.83
    Jul 2018 2279.78 90.13% paid
    Emergency fund 218.57/600
    Total Savings 2006.60
    • wishingthemortgaheaway
    • By wishingthemortgaheaway 10th Apr 18, 10:45 PM
    • 1,587 Posts
    • 7,823 Thanks
    wishingthemortgaheaway
    Sorting socks is a job for a child. It's excellent for teaching matching skills and counting in twos.
    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
    • f0xh0les
    • By f0xh0les 11th Apr 18, 7:22 AM
    • 1,594 Posts
    • 13,178 Thanks
    f0xh0les
    My worst unmatched sock experience was over 70 single unloved socks.
    I decided to cull and start again.
    Sympathies.
    MFW START DATE May 16 118,340 : Oct17 - 109,495.00Dec17 108,800Jan 18 108,392.98 March 18 108,504.72April 108,099May 106,999June 105,999.99July 105,300.00
    August 103,999.99

    NEXT GOAL is sub 100k before 2019Mortgage-free wannabe 2018 #65
    • joeyjimbles
    • By joeyjimbles 11th Apr 18, 2:35 PM
    • 1,625 Posts
    • 8,784 Thanks
    joeyjimbles
    Where do the odd socks go? It is one of life's eternal mysteries.

    Just to say that all charity shops will take them as Rags. They get paid per kilo for rags so if you put all your single socks and any other clothes that are too good for the bin but not good enough to be reworn, into a marked bag to save some lovely soul the job of sorting through them at the shop, they will still benefit from your donation.
    • JoJoC
    • By JoJoC 11th Apr 18, 2:47 PM
    • 1,128 Posts
    • 6,866 Thanks
    JoJoC
    I didn't know that JoeyJimbles - thanks!
    CC1: 4481.14/ 5031.14 (12% paid off, 600) | CC2:3307/ 3807 (14.4% paid off, 550) | Loan: 10,528.20/ 15,792.30((33% paid off, 5,264))

    July debt total: 24,630.44 | New debt total: 18,316.34 | Total debt paid: 6,414.10 (26%)
    *My debt busting and savings diary*
    • Mumoffourkids
    • By Mumoffourkids 11th Apr 18, 7:17 PM
    • 653 Posts
    • 3,357 Thanks
    Mumoffourkids
    Every few months I tend to have a cull of odd socks but I really have no idea why we seem to amass so many odd socks!

    I might match the socks this evening after I have done the washing up and tidied up the living room a bit!
    Total debt Dec 2017 23090.83
    Jul 2018 2279.78 90.13% paid
    Emergency fund 218.57/600
    Total Savings 2006.60
    • f0xh0les
    • By f0xh0les 11th Apr 18, 8:02 PM
    • 1,594 Posts
    • 13,178 Thanks
    f0xh0les
    Apparently they get sucked down the washing machine drain hole thing. Someone once told me (very patronisingly) I should get one of those mesh bags and zip all the kids socks in it and then put them in the wash.

    I fell about laughing, I can barely remember to empty the kids pockets, let alone root around finding socks and imprisoning them in a net bag.
    MFW START DATE May 16 118,340 : Oct17 - 109,495.00Dec17 108,800Jan 18 108,392.98 March 18 108,504.72April 108,099May 106,999June 105,999.99July 105,300.00
    August 103,999.99

    NEXT GOAL is sub 100k before 2019Mortgage-free wannabe 2018 #65
    • Mumoffourkids
    • By Mumoffourkids 11th Apr 18, 8:09 PM
    • 653 Posts
    • 3,357 Thanks
    Mumoffourkids
    Who has time for that Foxholes! I'm like you, I barely have time to check kids pockets, the amounts of times I have washed tissues! I normally just stuff and turn the machine on!
    Total debt Dec 2017 23090.83
    Jul 2018 2279.78 90.13% paid
    Emergency fund 218.57/600
    Total Savings 2006.60
    • Mumoffourkids
    • By Mumoffourkids 13th Apr 18, 11:06 AM
    • 653 Posts
    • 3,357 Thanks
    Mumoffourkids
    So yesterday the eldest tidied up downstairs, put the washing up away and matched the socks. I just have to sort them out as to who they are and get them put away now.

    This morning has been busy already, taken eldest to work and then went and changed headlight bulb as that had gone. Whilst I was at Halfords I got a new battery for my key fob as that hadn't been working for about a year. It needed reprogramming but I managed it with the help of the internet and I can now remote central lock my car again!

    I have also taken second eldest to her friends house for a sleepover. The house will be a lot quieter without her!

    Then taken DD2's passport application to the post office and posted that along with my complaint to the Financial Ombudsman about one of my PPI claims. I think this is the only one that is outstanding still. The others have either paid or are going to pay!

    So the rest of the day will be catching up on washing as there seems to be a mountain again and helping my son tidy his room up up a bit and sort out some more lego.

    I might move a cupboard from the conservatory up to the landing to put the sheets in as the one I have up there doesn't fit everything in and the cupboard in the conservatory doesn't have much in anymore!

    Other than that a lazy day maybe with maybe some shopping for DD3's birthday presents!
    Total debt Dec 2017 23090.83
    Jul 2018 2279.78 90.13% paid
    Emergency fund 218.57/600
    Total Savings 2006.60
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