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  • FIRST POST
    • pennyforthepot
    • By pennyforthepot 18th Apr 18, 7:03 AM
    • 652Posts
    • 2,134Thanks
    pennyforthepot
    saving my future self from debt
    • #1
    • 18th Apr 18, 7:03 AM
    saving my future self from debt 18th Apr 18 at 7:03 AM
    Due to an unexpected rather large shortfall in income over the last 12 months I am short in my rental pot for the next 12 months by 16,000.

    The objective of my thread is to motivate myself to claw back the money over an 18 month period to prevent myself from getting into debt. It won't be easy as my earnings are limited and my budgets have been shaved down already. But with a little savvy know how and a lot of determination (and lentils ) I hope to get a good way towards my target.

    I aim to use this diary to motivate myself by recording my little daily achievements (and probably failures too) as well as reading as many diaries as I can which help with motivation and picking up tips.

    Penny for the Pot pftp
    Goal:to save 16,000 by 30/09/2019 claw back rental costs
    May18 -2,954.33/16,000
Page 7
    • beanielou
    • By beanielou 12th May 18, 10:30 AM
    • 55,512 Posts
    • 222,854 Thanks
    beanielou
    To each their own
    I spend less than that in a year.
    8 quid for a wet cut & John Freida foam colour every couple of months.
    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.
    • beanielou
    • By beanielou 12th May 18, 10:31 AM
    • 55,512 Posts
    • 222,854 Thanks
    beanielou
    Transfers to grandchildren
    Luckily I have none!!
    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.
    • doingitanyway
    • By doingitanyway 12th May 18, 7:10 PM
    • 3,132 Posts
    • 16,438 Thanks
    doingitanyway
    Transfers to grandchildren
    Luckily I have none!!
    Originally posted by beanielou
    The night is young Beanielou
    JANUARY 2016/SECURED DEBT=24,822/March 2018=0 DEBT FREE 23/03/18
    MORTGAGE FREE 25/07/16
    • beanielou
    • By beanielou 12th May 18, 7:29 PM
    • 55,512 Posts
    • 222,854 Thanks
    beanielou
    The night is young Beanielou
    Originally posted by doingitanyway
    I am way too young to be granny
    Dont think that kids are on my DS's radar at the moment.
    Famous last words
    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.
    • doingitanyway
    • By doingitanyway 12th May 18, 7:30 PM
    • 3,132 Posts
    • 16,438 Thanks
    doingitanyway
    I am way too young to be granny
    Dont think that kids are on my DS's radar at the moment.
    Famous last words
    Originally posted by beanielou
    Famous last words indeed
    JANUARY 2016/SECURED DEBT=24,822/March 2018=0 DEBT FREE 23/03/18
    MORTGAGE FREE 25/07/16
    • pennyforthepot
    • By pennyforthepot 12th May 18, 7:44 PM
    • 652 Posts
    • 2,134 Thanks
    pennyforthepot
    Apologies about the format -attack of the punctuation again!

    Today was definitely a low spend day compared to yesterday! Although I did forget to mention that I gained an additional income of 50 from a friend who owed me for pressies and Id written it off as I knew she was pretty brassic herself. 40 of that will be used for Stockpot, save me having to dip into my Irregular Costs Pot and the remaining 10 will go into my Rent Pot.
    Ive been doing a little cost analysis over the past week or so on my meals but was waiting for my next dinner batch cook. I did it yesterday so now I have a complete breakdown of my personal food costs on a daily basis:
    . 0.80 Breakfast (down from 1.15 with a combination of frozen and seasonal fresh berries)
    . 1.10: down from 1.15 having sourced a cheaper avocado (eat one half @ 20p)
    .0.60- have rounded this up to from 53p as type of veg varies depending what I have in
    . 0.25 morning snack
    . 0.13 afternoon snack
    . .025 before dinner snack (too hungry to wait)
    . 0.40 drinks (3 xcoffee,1 x tea)
    .3.53 TOTAL
    That works out at just over 25/week or 105/month. I was a little surprised to be honest, I thought it would come in under 3.00. Ive cut my budget down from 300 to 250 a month and have to feed DD 3 meals a day plus snacks on a GF Vegan diet as well as DS who will be coming home from uni next week for 3+ months and Im thinking this is going to be tight. Im hoping with a little research I can shave my lunch down a little without losing too much nutritional value and possibly go back down to drinking 1 less coffee. I will aim to get it to a straight 3.00. These are miniscule adjustments but that 53p will save me 192.93 a year in addition to the 127.40 I will save by switching to mainly frozen berries (320.33 in total thats big numbers!). Thats not to be sniffed at. I will also go back to making DDs snacks, got a bit fed up doing this but I think they add up to a fairly significant number.

    Anyway back to:

    Scores on the Doors:

    Spent Today/Spend this Month/ Monthly Budget
    2.50/140.96/250 Food
    0.00/19.62/40.00 Stockpot
    0.00/2.00/60 -Kids
    0.00/17.05/40.00 Miscellaneous
    0.00/43.42/41.58 Petrol
    0.00/0.00/20.00 Me
    .050/4.41 - OP
    1.31/20.57 - Electricity
    12.26 - Daily Available Spend. Up 46p

    PFTP x
    Last edited by pennyforthepot; 12-05-2018 at 8:41 PM.
    Goal:to save 16,000 by 30/09/2019 claw back rental costs
    May18 -2,954.33/16,000
    • pennyforthepot
    • By pennyforthepot 12th May 18, 8:00 PM
    • 652 Posts
    • 2,134 Thanks
    pennyforthepot
    Famous last words indeed
    Originally posted by doingitanyway
    too funny
    Goal:to save 16,000 by 30/09/2019 claw back rental costs
    May18 -2,954.33/16,000
    • pennyforthepot
    • By pennyforthepot 13th May 18, 2:36 PM
    • 652 Posts
    • 2,134 Thanks
    pennyforthepot
    Ive been dissecting my celebrations budget today and have decided to separate it into two pots: Xmas and Everything Else (Bdays, Easter, Mothers Day etc).

    I have a budget for each person who I buy for and have based the budget on last years spends. I have reduced DCs budget by about 20% which I feel is pretty good going for an emotional spend (lets see if I can stick to it).

    I have already had a significant amount of the higher spend family birthdays, easter etc so my pot will be 485 for the remainder of the year (allocating 70/month) and my Xmas pot will be 1480 (allocating 211 per month). These budgets include all celebrations relating to the event ie food, drink, eating out etc. My goal is to underspend by 200 for xmas but tbh given Ive already cut 20% off DCs budget Im going to have to be a pretty savvy shopper.

    To help me along my savvy shopping I have taken to carrying a little Gift Ideas notebook with me, listing names and budget so whenever I see something or they mention anything to me I write it down and hey presto - gift in the bag I also write down any stores or websites that I think of that may be of use. Its proved really useful so far, particularly if I have any ideas as to what they might like.

    Cooked some up cannellini beans today to batch cooked some homemade beans but I managed to leave them in a little to long and they have gone slight mushy - hoping they wont mush down when I make the sauce.

    PFTP x
    Goal:to save 16,000 by 30/09/2019 claw back rental costs
    May18 -2,954.33/16,000
    • pennyforthepot
    • By pennyforthepot 13th May 18, 8:08 PM
    • 652 Posts
    • 2,134 Thanks
    pennyforthepot
    Im glad Ive set up my stockpot as I took full advantage of it today and have managed to save 19.00 so far by stocking up on my GF essentials (I now have a cupboard bursting with pasta and cereal). I may add in the 10 that I was originally going to put into the rental pot as the same offer is on their frozen Quorn items as well, not that I have any room in my freezer as its not very large.

    Scores on the Doors:

    Spent Today/Spend this Month/Monthly Budget
    • 8.29/149.25/250 - Food
    • 15.96/35.58/40 - Stockpot
    • 13.00/15.00/60.00 - Kids
    • 0.00/17.05/40.00
    • 0.00/43.42/85.00 - Petrol
    • 0.00/0.00/20.00 - Me
    • .075/5.16 - Op
    • 1.63/22.20 - Electricity
    • 12.37. Daily Available Spend. Down 50p

    Was planning on a low spend day but DD needed a few bits from Boots, I took advantage of the Stockpot and DD's bf came over and I had nothing in the freezer that wasn't lentil based so had to pick him up some chicken for Sunday dinner.

    I need to keep an eye on my pots now as we are not even half way through the month and I have spent just over half my monthly budget. I have an expensive week coming up as Im off to see DS at uni tomorrow to pick up some of his stuff for when he finishes (my car is too small to fit everything in in one go ) so we will probably grab something to eat. Then out on Tuesday with my two BFF to celebrate a birthday. Will only be a cuppa and I try and get there a little early so i can buy mine without having to offer to buy everyone elses (tight I know ) Pressie is sorted, we always do a joint gift voucher, just need to pop out and get some flowers. Actually now I think about it I have those the wrong way round. Glad I realised otherwise that would have been awkward!

    PFTP x
    Last edited by pennyforthepot; 13-05-2018 at 8:11 PM.
    Goal:to save 16,000 by 30/09/2019 claw back rental costs
    May18 -2,954.33/16,000
    • beanielou
    • By beanielou 14th May 18, 8:06 AM
    • 55,512 Posts
    • 222,854 Thanks
    beanielou
    Have a good week
    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.
    • pennyforthepot
    • By pennyforthepot 14th May 18, 5:42 PM
    • 652 Posts
    • 2,134 Thanks
    pennyforthepot
    Have a good week
    Originally posted by beanielou
    I'm spending as much of it as I can catching up on your diary. You appear to be rather legendary
    Goal:to save 16,000 by 30/09/2019 claw back rental costs
    May18 -2,954.33/16,000
    • pennyforthepot
    • By pennyforthepot 14th May 18, 5:51 PM
    • 652 Posts
    • 2,134 Thanks
    pennyforthepot
    Quick post whist the dinners cooking, think I may be too tired to post afterwards, it's been quite a full on day.

    Not too much going on MS wise, though I did find 5p on the pavement which I obviously picked up Also washed my car whilst the sun was out as I refuse point blank to pay for it to be washed, one of my top frugal rules. Not my favourite job though. Will have to vacuum tomorrow as I can't face doing both in one day! HM baked beans made - not too mushy as I didn't put the beans in till the end. One portion for DD for dinner with a jaket spud and 3 for the freezer. Did a little more stocking up of 'free from' at Tesco. I've just under a tenner left if I use the whole 50 my friend owed me. Cuppa with friends was 4.75 as I bought the bday girl one (I'm not that tight).
    Will have to post my scores on the doors in a bit - dinners ready
    Goal:to save 16,000 by 30/09/2019 claw back rental costs
    May18 -2,954.33/16,000
    • pennyforthepot
    • By pennyforthepot 14th May 18, 6:47 PM
    • 652 Posts
    • 2,134 Thanks
    pennyforthepot
    Scores on the Dorrs

    Spent Today/Spend this Month/Monthly Budget
    1. 3.00/152.25/250 - food
    2. 4.66/40.24/50.00 - Stockpot
    3. 0.00/13.00/60.00 - Kids
    4. 0.00/17.05/40.00 - Miscellaneous
    5. 0.00/43.42/85.00 - Petrol
    6. 4.75/4.75/20.00 - Me
    7. 0.59/5.75 - OP
    8. 2.20/24.40 - Electricity
    9. 12.60 - Daily Available Spend. + 23p

    PFTP X
    Goal:to save 16,000 by 30/09/2019 claw back rental costs
    May18 -2,954.33/16,000
    • apple muncher
    • By apple muncher 14th May 18, 7:32 PM
    • 7,479 Posts
    • 56,337 Thanks
    apple muncher
    Do you have a liddle near you? They now have a permanent gf range, which is defo cheaper than sainz, and may have items your dd can eat.
    NST Survive July #4; NSD 9/15; Ex 13/20 ; craft / (77); remove 29 (509)
    2018 Pay off: 2334; 2
    018 sell 49.10; WLOSW /10

    Mortgage 20,809 (01/14: 78,201; 01/15: 59,629; 01/16: 39,915; 01/17: 27,295; 01/18 23,143) MFWDate Dec 2018
    • beanielou
    • By beanielou 14th May 18, 10:13 PM
    • 55,512 Posts
    • 222,854 Thanks
    beanielou
    I'm spending as much of it as I can catching up on your diary. You appear to be rather legendary
    Originally posted by pennyforthepot
    Not me Really
    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.
    • pennyforthepot
    • By pennyforthepot 15th May 18, 5:07 PM
    • 652 Posts
    • 2,134 Thanks
    pennyforthepot
    Do you have a liddle near you? They now have a permanent gf range, which is defo cheaper than sainz, and may have items your dd can eat.
    Originally posted by apple muncher
    Thanks Apple Muncher. I think my nearest one is about 15 miles away so not somewhere I could go regularly. However i think there is also an aldi, iceland and b&M all in the one place so I may well do a monthly browse to see what they have as gf is so expensive. Its Tescos where I'm getting my offers from at the mo, I do use sainsburys to get my nuts and seeds though but in general a bit too pricey for me.
    Goal:to save 16,000 by 30/09/2019 claw back rental costs
    May18 -2,954.33/16,000
    • pennyforthepot
    • By pennyforthepot 15th May 18, 5:19 PM
    • 652 Posts
    • 2,134 Thanks
    pennyforthepot
    Ok, so... the highs of today were spending quality time with my lovely DS and his GF(celebrating her bday). I had such a lovely couple of hours with them, sat in the sunshine eating lunch. It is a rare treat indeed for us to do that, in fact I can't remember the last time I did.

    The cost, obviously, was not so much of a high! London prices and all that In an everyday world it wasn't really too pricey but in the world of the frugal DFW it was a little spendy.DS wanted to go halves with me but I told him he could buy me cake another day (gotta love a bit of cake) 40 for 4 of us (I took out their friend too who was from Auz and wouldnt be going home to see her family over the summer so I thought she needed a bit of motherly love). It was so delicious, you really appreciate it when you don't treat yourself often. On the upside I was able to Deduct 5 from lunch costs to as DS gave me a full box of washing tablets (along with his washing!) worth 5 so I have moved that from the cost of the meal and carried. I have also saved myself 1.70 by not eating lunch at home and not needing any dinner (big greedy lunch tum). Did have to spend 10 in Boots for some cream for DD.So total spend for the day is 45 That's massive for me and it gave my Daily Available Spend a bit of a booting - ony 169/455 left in the cash pot and we are still not even half way through the month!

    Scores on the Doors:

    Spent Today/Spent this Month/Monthly Budget:
    • 0.00/157.25/250.00 - food
    • 0.00/40.24/50.00 - Stockpot
    • 25.00/40.00/60.00 - kids costs
    • 10.00/27.05/40.00 - miscellaneous
    • 0.00/43.42/85.00 - petrol
    • 10.00/14.75/20.00 - me
    • 1.57/25.97 - electricity
    • 0.00/5.75/ - OP
    • 10.60 - daily available spend down 2.33

    Hopefully a few days not spending for me on the horizon

    PFTP x
    Last edited by pennyforthepot; 15-05-2018 at 6:24 PM.
    Goal:to save 16,000 by 30/09/2019 claw back rental costs
    May18 -2,954.33/16,000
    • beanielou
    • By beanielou 15th May 18, 5:56 PM
    • 55,512 Posts
    • 222,854 Thanks
    beanielou
    Glad that you had a lovely lunch
    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.
    • pennyforthepot
    • By pennyforthepot 16th May 18, 5:23 PM
    • 652 Posts
    • 2,134 Thanks
    pennyforthepot
    NSD - la la la

    11.31 - Daily Available Spend + 71p

    That's all folks

    PFTP X
    Goal:to save 16,000 by 30/09/2019 claw back rental costs
    May18 -2,954.33/16,000
    • beanielou
    • By beanielou 16th May 18, 9:21 PM
    • 55,512 Posts
    • 222,854 Thanks
    beanielou
    Good news on the NSD
    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.
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