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  • FIRST POST
    • Dragonpie
    • By Dragonpie 19th Jun 18, 5:13 PM
    • 62Posts
    • 88Thanks
    Dragonpie
    So what's next?
    • #1
    • 19th Jun 18, 5:13 PM
    So what's next? 19th Jun 18 at 5:13 PM
    I have recently started to address my debt, it is definitely manageable at the minute but I have a lot of uncertainty regarding jobs at the minute and am due to be made redundant in September. I have figured out how I intend to proceed with repayments either way but feel like writing this diary will make me a bit better at sticking to my plan! Plus any advice that people can give will be appreciated
    Currently I have a loan with 38 payments left at 295.57, a Tesco CC which is rapidly nearing the end of my 0% offer with 2556.40 and 2 other CCs with BT offers ending in June 2019 with balances of 2356.69 and 3255.30. The plan is to pay off the Tesco CC, then attack the other 2 and finally overpay the loan when all CCs are done (then think about the mortgage!), this plan only works if I find a job however otherwise, I intend to still have paid off the Tesco card by September and then stretch my redundancy payment with minimum payments until I find work and can start repaying again.
    I have already started to address my overspending- food, particularly lunch at work, clothes and shoes seem to be my weaknesses so I am taking my lunch to work and have deleted my shopping apps from my phone.
Page 4
    • Dragonpie
    • By Dragonpie 24th Sep 18, 12:48 PM
    • 62 Posts
    • 88 Thanks
    Dragonpie
    I'm home and back to work so the belt tightening begins! Not too happy today as I have found out that work are taking 10% next month for my pension which I cannot claim back into November and will eat up a significant chunk of my back pay!
    • Dragonpie
    • By Dragonpie 25th Sep 18, 8:56 AM
    • 62 Posts
    • 88 Thanks
    Dragonpie
    NSD yesterday! I really don't have enough NSDs so I am going to set myself a challenge to have 15 NSDs between now and payday (23 days away) - today has already been a spending day as I bought some energy drinks this morning and I will need to buy food for my rabbits after work, I think I am being especially nice to them at the moment after eating rabbit on holiday and feeling a bit guilty!
    • Starmummy
    • By Starmummy 25th Sep 18, 10:33 AM
    • 263 Posts
    • 1,165 Thanks
    Starmummy
    Hi DragonPie

    How is it going.
    I'm so jealous about your holiday in Malta, I haven't been since I was a kid. I'm desperately trying to persuade Mr Star that we should go next year. I will wear him down.

    Just a thought but what about keeping a monthly tally on here of your spending categories. What your budget is and spend to date.

    It could give you some accountability.
    The pension thing is annoying. I don't understand how your companies payroll could have mucked it up. Although I would be tempted to leave that amount in your pension and budget accordingly. Barely any of us are really preparing for our pensions properly...It is something that is very much on my radar at the moment. My plan is that from now on any pay rises I get will go straight into my pension. I should get about 2k by the end of the year so along side what already goes into my pension that should bring it to 12.5% contribution of my salary...my ultimate goal is 25%...I wanna be a rich b1tch drinking champagne on my yacht. a girl can dream

    Take care

    SM
    debt consolidated 16/8/18 12,267.85/12,618.12 (Total debt at LBM c..19k)
    EF savings 650.02 House Deposit (LISA) 136.25/12,000 1.14%
    • Dragonpie
    • By Dragonpie 26th Sep 18, 8:34 AM
    • 62 Posts
    • 88 Thanks
    Dragonpie
    We had a lovely time in Malta, I went a few years ago in March and it rained for most of these time that I was there so I couldn't appreciate how beautiful it was, this time it was glorious all week and I was amazed at how clear the sea is... Keep working on Mr Star!
    It's a good idea to put my spending tally up on here and what the budget should be... I'll have a look at my spreadsheet and put up some figures.
    The plan for the pension is to get the debts and mortgage paid off (hopefully in the next 5 years) and then throw any spare cash at my pension.
    • Dragonpie
    • By Dragonpie 28th Sep 18, 11:42 AM
    • 62 Posts
    • 88 Thanks
    Dragonpie
    Despite setting myself a challenge for NSDs, I still seem unable to manage them! It's usually a 1 or so each day but I am still spending (1 for cake at the Macmillan coffee morning today, new exercise mat yesterday (which was 9!) and Wednesday was 2 for shampoo and conditioner). Quite low spending most days but 1 each day is still going to add up to 365 by the end of the year.
    17/06/18 - loan 11527.23, CC1 3682.79, CC2 2356.69, CC3 2128.70 - total 19695.41
    17/09/18 - loan 10344.95, CC1 7055.19 - total 17400.14
    • beanielou
    • By beanielou 28th Sep 18, 6:55 PM
    • 57,414 Posts
    • 235,024 Thanks
    beanielou
    I have stopped carrying cash for this reason.
    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. MFW 2018. No 144
    • Dragonpie
    • By Dragonpie 5th Oct 18, 9:55 PM
    • 62 Posts
    • 88 Thanks
    Dragonpie
    No wonder that I am in debt. Today, I got a bag of clothes ready for clothes for cash, I had to remove some of the labels to get rid of them, stuff that either didn't fit or just wasn't my style, but I have spent money on these things just for them to sit in my house and then sell them for about 1% or what I paid for them, so wasteful.
    Last edited by Dragonpie; 06-10-2018 at 6:13 AM. Reason: Spelling
    17/06/18 - loan 11527.23, CC1 3682.79, CC2 2356.69, CC3 2128.70 - total 19695.41
    17/09/18 - loan 10344.95, CC1 7055.19 - total 17400.14
    • doingitanyway
    • By doingitanyway 5th Oct 18, 10:03 PM
    • 3,407 Posts
    • 18,520 Thanks
    doingitanyway
    You don't see how well you are doing Dragonpie. In recognising the behaviours that got you into debt and finding them frustrating means you now have awareness. You will do this. Keep on keeping on
    Emergency fund 700/1000
    If not now then when?
    • Dragonpie
    • By Dragonpie 8th Oct 18, 12:25 PM
    • 62 Posts
    • 88 Thanks
    Dragonpie
    2nd NSD in a row today... It wasn't supposed to be but I have forgotten my purse lol. I have realised this morning that I have 2 weekends between now and Christmas where I have nothing planned and am busy on all the others, the budget is going to need to be very creative for the next couple of months!
    17/06/18 - loan 11527.23, CC1 3682.79, CC2 2356.69, CC3 2128.70 - total 19695.41
    17/09/18 - loan 10344.95, CC1 7055.19 - total 17400.14
    • Starmummy
    • By Starmummy 8th Oct 18, 12:40 PM
    • 263 Posts
    • 1,165 Thanks
    Starmummy
    Well done on the NSD. DIA is right, you are recognising the problems that got you into this position and taking action. That's such a huge step.
    Well done

    SM
    debt consolidated 16/8/18 12,267.85/12,618.12 (Total debt at LBM c..19k)
    EF savings 650.02 House Deposit (LISA) 136.25/12,000 1.14%
    • Dragonpie
    • By Dragonpie 9th Oct 18, 10:18 AM
    • 62 Posts
    • 88 Thanks
    Dragonpie
    Thanks for your support and positivity, I think it is harder to see the positives for your own situation but I am getting there slowly but surely :-)
    17/06/18 - loan 11527.23, CC1 3682.79, CC2 2356.69, CC3 2128.70 - total 19695.41
    17/09/18 - loan 10344.95, CC1 7055.19 - total 17400.14
    • Dragonpie
    • By Dragonpie 10th Oct 18, 7:55 AM
    • 62 Posts
    • 88 Thanks
    Dragonpie
    I've left my purse at home again today, this time on purpose! I've managed to have 2 NSDs in the last week. I've also downloaded the Spendee app, which was mentioned by someone (I lurk on MSE at work but cannot sign in to comment lol) because I had a minor panic when I realised that I have a 3 week block off work where I won't have access to my spreadsheet.
    17/06/18 - loan 11527.23, CC1 3682.79, CC2 2356.69, CC3 2128.70 - total 19695.41
    17/09/18 - loan 10344.95, CC1 7055.19 - total 17400.14
    • Dragonpie
    • By Dragonpie 12th Oct 18, 9:19 AM
    • 62 Posts
    • 88 Thanks
    Dragonpie
    Aargh! Today has really hammered home the need for an emergency fund - a direct debit had gone out for the credit card that I use on holiday, this has taken me over my overdraft limit ( which I recently reduced in a fit of money saving enthusiasm) . My partner was due to give me 200 this morning but his wages hasn't gone into his account by the time we left the house so I am going to have to withdraw money from my credit card, which thankfully doesn't charge any fee to do so and then go to the bank on my dinner, so stressful!
    17/06/18 - loan 11527.23, CC1 3682.79, CC2 2356.69, CC3 2128.70 - total 19695.41
    17/09/18 - loan 10344.95, CC1 7055.19 - total 17400.14
    • beanielou
    • By beanielou 12th Oct 18, 1:46 PM
    • 57,414 Posts
    • 235,024 Thanks
    beanielou
    Hope that you get it all sorted out ok & your OH does get paid.
    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. MFW 2018. No 144
    • Dragonpie
    • By Dragonpie 13th Oct 18, 7:48 PM
    • 62 Posts
    • 88 Thanks
    Dragonpie
    Thanks Beanielou, his wages went in at about 12 o'clock and I put the money to cover the unarranged in my bank in time to avoid any charges, I hope to never be in that situation again!
    On a more positive note, I managed to stick to my budget for the month! I've proved to myself that I can do this so I am feeling a lot more confident
    17/06/18 - loan 11527.23, CC1 3682.79, CC2 2356.69, CC3 2128.70 - total 19695.41
    17/09/18 - loan 10344.95, CC1 7055.19 - total 17400.14
    • beanielou
    • By beanielou 13th Oct 18, 7:58 PM
    • 57,414 Posts
    • 235,024 Thanks
    beanielou
    Good news on sticking to your budget
    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. MFW 2018. No 144
    • Dragonpie
    • By Dragonpie 16th Oct 18, 12:49 PM
    • 62 Posts
    • 88 Thanks
    Dragonpie
    I now have the Spendee app (the free version) and I think I might be a bit addicted! I love a good spreadsheet and a graph and being able to update it as soon as I spend anything... Although, the fact it is currently showing 200 that has been spent in 4 days is not good!
    I updated my signature yesterday and am very happy to see the balances coming down although this will be slowing as I am planning on paying 170.70 off my CC each month and saving 150 which can be temporarily used as an emergency fund until all my budgets are in order
    17/06/18 - loan 11527.23, CC1 3682.79, CC2 2356.69, CC3 2128.70 - total 19695.41
    17/09/18 - loan 10344.95, CC1 7055.19 - total 17400.14
    • Dragonpie
    • By Dragonpie 17th Oct 18, 12:29 PM
    • 62 Posts
    • 88 Thanks
    Dragonpie
    Payday tomorrow which means payslips today... 185 instead of my normal 17 taken for my pension and no back pay because HR 'forgot' Grr I am not a happy Dragonpie!
    17/06/18 - loan 11527.23, CC1 3682.79, CC2 2356.69, CC3 2128.70 - total 19695.41
    17/09/18 - loan 10344.95, CC1 7055.19 - total 17400.14
    • beanielou
    • By beanielou 17th Oct 18, 7:51 PM
    • 57,414 Posts
    • 235,024 Thanks
    beanielou
    Payday tomorrow which means payslips today... 185 instead of my normal 17 taken for my pension and no back pay because HR 'forgot' Grr I am not a happy Dragonpie!
    Originally posted by Dragonpie
    Boo!!!!!!
    Not good enough.
    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. MFW 2018. No 144
    • Dragonpie
    • By Dragonpie 18th Oct 18, 9:30 AM
    • 62 Posts
    • 88 Thanks
    Dragonpie
    Definitely not good enough Beanielou... I have received around 300 less than expected and have 12 breathing space in my budget for the entire month! It's going to take a lot of concentration this month
    17/06/18 - loan 11527.23, CC1 3682.79, CC2 2356.69, CC3 2128.70 - total 19695.41
    17/09/18 - loan 10344.95, CC1 7055.19 - total 17400.14
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