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  • FIRST POST
    • riotlady
    • By riotlady 28th Feb 18, 3:35 PM
    • 100Posts
    • 231Thanks
    riotlady
    Saving what I can
    • #1
    • 28th Feb 18, 3:35 PM
    Saving what I can 28th Feb 18 at 3:35 PM
    So it's been a tough few months financially. My contract finished on my job in December as I was due to start at university in January, however I unexpectedly discovered I'm pregnant and have had to delay my course until next January. My maternity pay kicks in properly end of March (I've got 200 this month) and between then and finishing work I've had no income AND a bunch of baby stuff to buy (fortunately managed a lot of second hand deals) so my emergency fund is looking sadly deflated.

    I would like to build up the emergency fund to about 1000, and also save 2000 for driving lessons and a car. My course is in occupational therapy and can have placements all round the county, so between juggling that and childcare the car is going to be a necessity I think.

    I also have a save to buy ISA which contains a grand total of 110. We won't be in a position to buy for about 5 years (my partner is currently studying an access course in his spare time with a view of going to university too) but anything extra I can chuck at that is great.

    My maternity pay changes monthly but averages about 600. My partner gives me 300 towards our joint bills and chucks me a bit extra whenever he has the spare cash. When baby arrives we'll get child benefit and tax credit too, but obviously our expenses will go up too so I don't think we'll be in a vastly different position.

    Monthly income- 900
    Debts- 300 overdraft (interest free)

    Regular payments-
    Rent- 363
    Gas and electric- 67
    Water- 35
    Council tax- 100
    Netflix- 7
    Sofa payment- 30
    Phone- 25
    Charities- 12
    Total: 639

    That leaves 261 for food, household stuff, cat food and litter, transport, a tiny bit of socialising (we don't go out much, fortunately) and savings. Food is somewhat fraught at the minute as I have gestational diabetes and most of the cheap stuff I would normally cook (pasta, soup, veg curry) isn't suitable. Once baby is out that should get easier.

    I feel like our opportunities to cut down on spending are limited (although I will try!) so my main goal is to earn some extra money and I'm taking part in the 2018 in 2018 challenge. Wish me luck!

    Pay off overdraft- 200/300
    Car fund- 412/2000
    Christmas 2018 100/300
    Emergency fund- 620/1000
    House deposit fund- 139/7000
    Last edited by riotlady; 21-05-2018 at 8:51 AM.
Page 1
    • riotlady
    • By riotlady 28th Feb 18, 3:43 PM
    • 100 Posts
    • 231 Thanks
    riotlady
    • #2
    • 28th Feb 18, 3:43 PM
    • #2
    • 28th Feb 18, 3:43 PM
    Occaisonally I feel depressed about our financial situation. University and a baby means we're going to be on a low income for the next few years, it's going to be at least 5 years until we can buy a house. I'm 25 and my friends seem to be split into two camps- those who are travelling a bunch and going out all the time, or those who are getting married and buying houses. I can't afford to do either!

    But then, circumstances haven't been ideal and at the very least I can be proud I've navigated through it all with minimal debt. We'll get there eventually!
    • riotlady
    • By riotlady 1st Mar 18, 10:17 AM
    • 100 Posts
    • 231 Thanks
    riotlady
    • #3
    • 1st Mar 18, 10:17 AM
    • #3
    • 1st Mar 18, 10:17 AM
    I've finally received a 5 amazon voucher payout from Topcashback and 5 cash is on it's way. Listed a few things on ebay that have bids already and have someone from We Buy Books picking up a stack of my old uni books on Monday (snow allowing!). Also cancelled Netflix so that frees up 5.99 a month. So we're off to a good start

    Today should be a no-spend day as it's far too cold to go anywhere xD Bundled up in blankets trying to stick with the heating on 18.
    Last edited by riotlady; 01-03-2018 at 10:20 AM.
    Make 2018 in 2018 challenge-
    509/2018
    • savingwannabe
    • By savingwannabe 1st Mar 18, 7:16 PM
    • 13,388 Posts
    • 46,878 Thanks
    savingwannabe
    • #4
    • 1st Mar 18, 7:16 PM
    • #4
    • 1st Mar 18, 7:16 PM
    Hello RiotLady, Welcome. I don't see anything to be down about at all. You have real get up and go. You are having a family whilst young and training for a great career. Good for you. Welcome to the forum.

    Everyone is really friendly here. Hello and Welcome to the nut house
    : j
    Chiistmas Fund 21.00 (Dec 1st 2018)
    Reminder: I HAVE EVERYTHING I COULD WANT so SAVE!!!!
    • riotlady
    • By riotlady 1st Mar 18, 10:57 PM
    • 100 Posts
    • 231 Thanks
    riotlady
    • #5
    • 1st Mar 18, 10:57 PM
    • #5
    • 1st Mar 18, 10:57 PM
    Hello RiotLady, Welcome. I don't see anything to be down about at all. You have real get up and go. You are having a family whilst young and training for a great career. Good for you. Welcome to the forum.

    Everyone is really friendly here. Hello and Welcome to the nut house
    Thank you! That's really kind
    Make 2018 in 2018 challenge-
    509/2018
    • purpleheir
    • By purpleheir 1st Mar 18, 11:29 PM
    • 8 Posts
    • 17 Thanks
    purpleheir
    • #6
    • 1st Mar 18, 11:29 PM
    • #6
    • 1st Mar 18, 11:29 PM
    I agree with the commenter here. You can look at it in two ways. I would feel lucky that I am working towards a nice career and having a baby too. It will be hard at first, financially and mentally but in the end, it will be all worthwhile.
    • riotlady
    • By riotlady 2nd Mar 18, 10:24 AM
    • 100 Posts
    • 231 Thanks
    riotlady
    • #7
    • 2nd Mar 18, 10:24 AM
    • #7
    • 2nd Mar 18, 10:24 AM
    Thanks for the support, guys

    Today is our anniversary, so riotdude and I are going out for dinner. We were going to go to a nice tapas place in town but have decided the bus is probably going to be too much hassle in the snow, so instead we're going to Frankie and Benny's round the corner- saves us the bus fare and I found a 50% off mains voucher.

    We had agreed not to do presents as money is tight, but I have bought him a 12 pack of socks for 8 off Amazon because he's always moaning he doesn't have any. Ahhhh, the romance!
    Make 2018 in 2018 challenge-
    509/2018
    • NineDeuce
    • By NineDeuce 2nd Mar 18, 11:32 AM
    • 827 Posts
    • 766 Thanks
    NineDeuce
    • #8
    • 2nd Mar 18, 11:32 AM
    • #8
    • 2nd Mar 18, 11:32 AM
    Occaisonally I feel depressed about our financial situation. University and a baby means we're going to be on a low income for the next few years, it's going to be at least 5 years until we can buy a house. I'm 25 and my friends seem to be split into two camps- those who are travelling a bunch and going out all the time, or those who are getting married and buying houses. I can't afford to do either!

    But then, circumstances haven't been ideal and at the very least I can be proud I've navigated through it all with minimal debt. We'll get there eventually!
    Originally posted by riotlady
    To be honest it cant be that bad if you can foresee yourself buying a house in 5 years and are only 25.

    You try telling this to someone in their late 30s that has no prospect of getting on the housing market, as most people within our generation are finding. House ownership at the moment is at 33%. If you get one at all, you will be one of the minority....
    • riotlady
    • By riotlady 2nd Mar 18, 12:32 PM
    • 100 Posts
    • 231 Thanks
    riotlady
    • #9
    • 2nd Mar 18, 12:32 PM
    • #9
    • 2nd Mar 18, 12:32 PM
    To be honest it cant be that bad if you can foresee yourself buying a house in 5 years and are only 25.

    You try telling this to someone in their late 30s that has no prospect of getting on the housing market, as most people within our generation are finding. House ownership at the moment is at 33%. If you get one at all, you will be one of the minority....
    Originally posted by NineDeuce
    I mean, I've had no income for the past 2 months and I'm now on 600 a month for the next 9 months. It may not be totally dire but it certainly feels tight!

    We are lucky housing-wise though, in that we live in the North-East and houses are much more reasonable here. Maybe I'm being overly optimistic but in 5 years time we'll both be graduated, on about 22k each, hopefully with a 5-10% deposit saved up if I work my little socks off at this saving malarkey!

    As people have pointed out, it might be a tough couple of years but fingers crossed if we put in the work now we'll start our 30s in a good place
    Make 2018 in 2018 challenge-
    509/2018
    • atrixa
    • By atrixa 2nd Mar 18, 8:48 PM
    • 56 Posts
    • 53 Thanks
    atrixa
    We are lucky housing-wise though, in that we live in the North-East and houses are much more reasonable here.
    Originally posted by riotlady
    Same here, aren't we lucky! Looks like your deposit saving is the same as what I have in mind, too. I'm constantly on house sites window shopping. Any inspiration helps!
    I work in Pensions and I'm currently saving for my first house deposit
    • riotlady
    • By riotlady 3rd Mar 18, 3:31 PM
    • 100 Posts
    • 231 Thanks
    riotlady
    Same here, aren't we lucky! Looks like your deposit saving is the same as what I have in mind, too. I'm constantly on house sites window shopping. Any inspiration helps!
    Originally posted by atrixa
    Ahaha, me too! It's good to know what's out there.
    A lot of my friends live down in London- the ones who went there to work in finance and stuff are doing grand but the teachers and nurses struggle. The extra money they get is nowhere near enough to cover how expensive it is.
    Make 2018 in 2018 challenge-
    509/2018
    • riotlady
    • By riotlady 4th Mar 18, 8:39 PM
    • 100 Posts
    • 231 Thanks
    riotlady
    Got all our food in for the week for 38, which is a bit over what I was hoping to spend but nevermind. We!!!8217;ve got leftover curry for tea tonight which I!!!8217;m really looking forward to and some oppo ice cream for pudding!

    Made 9 matched betting today and will hopefully have about 50 coming in from it next weekend.
    Make 2018 in 2018 challenge-
    509/2018
    • riotlady
    • By riotlady 5th Mar 18, 3:25 PM
    • 100 Posts
    • 231 Thanks
    riotlady
    riotdude has given me an extra 100 because I paid for most of the baby stuff, so that's a chunk of the overdraft paid off
    Make 2018 in 2018 challenge-
    509/2018
    • riotlady
    • By riotlady 6th Mar 18, 11:16 PM
    • 100 Posts
    • 231 Thanks
    riotlady
    80 from ebay, absolutely chuffed
    Make 2018 in 2018 challenge-
    509/2018
    • savingwannabe
    • By savingwannabe 7th Mar 18, 3:29 PM
    • 13,388 Posts
    • 46,878 Thanks
    savingwannabe
    That's amazing. well done.
    Chiistmas Fund 21.00 (Dec 1st 2018)
    Reminder: I HAVE EVERYTHING I COULD WANT so SAVE!!!!
    • riotlady
    • By riotlady 7th Mar 18, 8:34 PM
    • 100 Posts
    • 231 Thanks
    riotlady
    That's amazing. well done.
    Originally posted by savingwannabe
    Thanks!
    Make 2018 in 2018 challenge-
    509/2018
    • riotlady
    • By riotlady 8th Mar 18, 3:40 PM
    • 100 Posts
    • 231 Thanks
    riotlady
    Had a rubbish mental-health day yesterday and I feel better today, but still super drained. I suffer from PTSD and depression, but have been coping remarkably well lately- not on any medication at the moment, taking reasonably good care of myself and the house, preparing for baby, and aside from the odd wobble, feeling quite good!

    Had a meeting with my care co-ordinator this morning then been into town to print postage labels and send off all my ebayed items. Spent a few pounds in McDonalds treating myself to lunch and 6 in Superdrug for toiletries. Also got 2 packing boxes from Poundland for 50p, which is a sweet deal! They're like 1.50 each in the Post Office.

    Tonight I'm going to make some healthy breakfast bars for riotdude- otherwise his default setting is to go to Greggs and buy a breakfast wrap, brownies and an energy drink, which is bad for our budget and HORRIBLE for his health.
    Make 2018 in 2018 challenge-
    509/2018
    • riotlady
    • By riotlady 9th Mar 18, 11:25 AM
    • 100 Posts
    • 231 Thanks
    riotlady
    I'm heading into town today to try and sell an old necklace to some second hand jewellers. It's gold but it's a nice design, and has different types of gold in stripes so it seems like a shame to just send it off to a cash for gold thing, but that's an option if today doesn't work out.

    Then we're off to a friend's for dinner tonight
    Make 2018 in 2018 challenge-
    509/2018
    • riotlady
    • By riotlady 9th Mar 18, 5:18 PM
    • 100 Posts
    • 231 Thanks
    riotlady
    Didn't make it into town as had to sort some ebay stuff for a fussy buyer but received 14 from matched betting and 39 from We Buy Books so that's a bonus
    Make 2018 in 2018 challenge-
    509/2018
    • riotlady
    • By riotlady 12th Mar 18, 9:43 PM
    • 100 Posts
    • 231 Thanks
    riotlady
    Ugh, bit of an unsuccessful day today. I went into town to try and sell a gold necklace but the one decent secondhand jewellers has closed down and everywhere else only took things based on gold weight- it's quite a nice design, so I would have thought it would be worth more as a "whole piece" than to be melted down for gold IYSWIM. Anyway, the best price turned out to be Hatton Garden Metals online, so it was a bit of a waste of a trip into town!

    I'm also having a rubbish time with a buyer on ebay. He wanted an delivery method that offered full tracking, so I originally had it set to post with Hermes, fully tracked, which he complained about- said he wanted Royal Mail first class signed for. I told him signed for didn't offer tracking in transit but he insisted, so I switched to that instead and sent proof of postage. Guess what he's complaining about now? He can't track the item! What a surprise! He even accused me of lying about what postage service I used, even though I bought it through ebay. I've done everything I can to give him what he wants and I just know he's going to give me bad feedback regardless, so bloody annoying.
    Make 2018 in 2018 challenge-
    509/2018
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