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  • FIRST POST
    • Dragonpie
    • By Dragonpie 19th Jun 18, 5:13 PM
    • 88Posts
    • 100Thanks
    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 6
    • Dragonpie
    • By Dragonpie 10th Nov 18, 5:12 PM
    • 88 Posts
    • 100 Thanks
    Dragonpie
    Well, 1st night out was last night, budgeted 30 and spent 50! I'll have to make sure I spend a maximum of 25 on the upcoming nights out but considering how terrible I have felt today (I'm not supposed to drink as I have anxiety and drinking always makes it worse), I definitely won't be drinking as much on the other nights out!
    17/06/18 - loan 11527.23, CC1 3682.79, CC2 2356.69, CC3 2128.70 - total 19695.41
    28/02/19 - loan 8867.10, CC1 6,201.69, new CC2 2,367.09- total 17435.88
    • Dragonpie
    • By Dragonpie 22nd Nov 18, 10:18 PM
    • 88 Posts
    • 100 Thanks
    Dragonpie
    2 more nights out have been completed and around 60 spent on both of them.
    I am out on Saturday and have already paid 30 for bowling and food and will probably spend another 20 on transport and drinks on the night but I had one less night out than expected this month so I should be OK (I bought concert tickets for 21st November and didn't realise that they were for 2019 lol). Budget is ridiculously tight for the next couple of months because I paid for flights for June in the Black Friday sale but I was going to be buying them anyway so at least they were cheaper, if not very well timed! I seem to have managed to pull back on the clothes and shoes shopping - I bought clothes 2 weeks ago but I realised how unnecessary they were so I will be taking a walk to the post office to return them tomorrow and am then getting smart meters fitted for my gas and electric so hopefully that will help me cut back
    17/06/18 - loan 11527.23, CC1 3682.79, CC2 2356.69, CC3 2128.70 - total 19695.41
    28/02/19 - loan 8867.10, CC1 6,201.69, new CC2 2,367.09- total 17435.88
    • Dragonpie
    • By Dragonpie 23rd Nov 18, 11:55 AM
    • 88 Posts
    • 100 Thanks
    Dragonpie
    Since taking out the credit card to buy the boiler and the fact that I am still booking holidays that I know make it impossible to save an emergency fund, I have been thinking a lot about how I got myself into my situation.
    I am fairly sure that I have had my light bulb moment but sometimes it feels like the light bulb is on a dimmer switch rather just being either on or off!
    My borrowing started about 7 years ago when I took out a credit card with 0% on purchases and told myself that it would be paid off at the end of the 0% period, unsurprisingly, it wasn't... So I got myself a balance transfer credit card, continued to spend on a normal credit card but whenever there was a month that felt a bit tight on the budget, I just did another balance transfer! And I got myself stuck on this cycle, I thought a consolidation loan would stop the cycle but I kept spending, kept balance transferring and repeatedly reconsolidated the loan and now I am here with around about 20k of debt at 31, some of it has been used for necessary purchases, I have had my house entirely rewired, entirely replastered, most of the house has been redecorated and then my recent spend on the boiler... That probably comes to about 10k, so I have frittered away the rest, probably totalling 20k when I take into consideration the repayments that I have made during that time. It's a sickening amount of money wasted but I feel better having written this out, I know that it may be odd to write this after having my diary for so long but I think I was still in denial regarding my spending habits and when I feel like I am slipping, I can re-read this post and see how far that I have come and what behaviour to stop in order to prevent me travelling back in this journey rather than forwards.
    Last edited by Dragonpie; 23-11-2018 at 11:56 AM. Reason: Spelling
    17/06/18 - loan 11527.23, CC1 3682.79, CC2 2356.69, CC3 2128.70 - total 19695.41
    28/02/19 - loan 8867.10, CC1 6,201.69, new CC2 2,367.09- total 17435.88
    • Dragonpie
    • By Dragonpie 5th Dec 18, 9:26 AM
    • 88 Posts
    • 100 Thanks
    Dragonpie
    I've been quiet for a while but I am definitely not ready to give up my diary as I have been slipping whilst I have not been updating it. I am doing a lot better with my money than I was but the buying lunch has been sneaking back in which quickly mounts up! I've had the smart meter for 2 weeks now and am definitely over paying on my electricity bill so I will hopefully be able to get some money back in February however I am underpaying on my gas so the 2 will balance out I think (not surprising that I was underpaying on gas considering the hot water hadn't worked for about 2 years and the heating had barely worked for the past 12 months!) The saga with my pay is still rattling on however, now I think that I have been overpaid, so I am having to concentrate on not spending the extra money as I am waiting for my employers to say they want it back (fingers crossed that it really is mine as it will definitely help with Xmas coming up and a trip to Barcelona in 2 weeks!) I am researching purse friendly outings in Barcelona and hoping to not go too crazy with my spending but still being able to splurge a little bit.
    17/06/18 - loan 11527.23, CC1 3682.79, CC2 2356.69, CC3 2128.70 - total 19695.41
    28/02/19 - loan 8867.10, CC1 6,201.69, new CC2 2,367.09- total 17435.88
    • ImpulseSpender
    • By ImpulseSpender 5th Dec 18, 5:06 PM
    • 150 Posts
    • 370 Thanks
    ImpulseSpender
    I can sympathise with being overpaid and having to be so careful to not the touch the money that you may have to pay back. Fingers crossed it is yours to keep.

    I lived in Spain for a year when I was a student and if you can find cafes off the beaten path that aren’t too touristy then you often will get small Tapa of food with your coffee or drink.

    When I lived in Spain often I’d order a coffee for a euro and get small plates of food with it, everything from tortilla to fish dishes and it would cover my lunch. They may not do it in the touristy cafes but when I went to Madrid last year they still did it in the offbeaten cafes
    FD CC - 258.78/258.78, Santander CC - 507/3883.17, MBNA CC - 760/3144.96, Savings - 400/5000
    • Dragonpie
    • By Dragonpie 9th Dec 18, 5:01 PM
    • 88 Posts
    • 100 Thanks
    Dragonpie
    Thanks for the tip ImpulseSpender, we tend to stray away from the more touristy areas so hopefully we can stick to a budget :-) - people keep telling me how expensive places are that we have visited in the past but we always seem to find a local bar/ restaurant and not get too carried away (except in Copenhagen, I don't think it is possible to stay on a budget!) so, fingers crossed, we well manage the same feat in Barcelona.
    We now have gig tickets for the Sunday night (someone we have wanted to see for a while who just happens to be playing whilst we are there) so the rest of the time will be lots of exploring with a picnic thrown in, weather permitting.
    17/06/18 - loan 11527.23, CC1 3682.79, CC2 2356.69, CC3 2128.70 - total 19695.41
    28/02/19 - loan 8867.10, CC1 6,201.69, new CC2 2,367.09- total 17435.88
    • Dragonpie
    • By Dragonpie 10th Dec 18, 4:06 PM
    • 88 Posts
    • 100 Thanks
    Dragonpie
    I'm getting concerned regarding not having access to my budget spreadsheet! I finish work this week until after Xmas (which is very exciting!) but I am worried that I won't be able to keep on track, especially with a holiday and Christmas in between. I have printed a paper copy of my bills spreadsheet so I can keep track.
    17/06/18 - loan 11527.23, CC1 3682.79, CC2 2356.69, CC3 2128.70 - total 19695.41
    28/02/19 - loan 8867.10, CC1 6,201.69, new CC2 2,367.09- total 17435.88
    • Dragonpie
    • By Dragonpie 18th Dec 18, 8:23 AM
    • 88 Posts
    • 100 Thanks
    Dragonpie
    Last day in Barcelona today. It's gone amazingly quickly and I am not sure if I am ready to leave yet! I was concerned about overspending but I seem to have stuck to budget (finally starting to understand that the reason I was failing was due to unrealistic budgets and have given myself a bit more wiggle room), I have finally seen the Sagrada Familia which is definitely a bucket list item, and have drank lots, walked lots and enjoyed some wonderful food. It's a beautiful city and some of the architecture is stunning.
    Work have put a bit of a dampener on my good mood however, as it's payday today and have over 100 less than I expected amd have no access to my payslip so that means it'll be a call to HR... It couldn't be worse timed if they tried though!
    Edit*** after calling HR, apparently my pension has been set to 8% of my wages despite me opting out of this 2 months ago, HR have no idea why and have given themselves 10 working days to fix this so I am over 100 out of pocket this month with seemingly no chance of seeing the funds until January. I am ridiculously angry but I have one day of my holiday left so I am going to attempt to put this out of my mind.
    Last edited by Dragonpie; 18-12-2018 at 9:01 AM. Reason: Further info
    17/06/18 - loan 11527.23, CC1 3682.79, CC2 2356.69, CC3 2128.70 - total 19695.41
    28/02/19 - loan 8867.10, CC1 6,201.69, new CC2 2,367.09- total 17435.88
    • beanielou
    • By beanielou 18th Dec 18, 3:02 PM
    • 61,817 Posts
    • 264,914 Thanks
    beanielou
    Boo to your payroll team.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 12 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. ***Be the difference.***
    • Dragonpie
    • By Dragonpie 23rd Dec 18, 12:20 PM
    • 88 Posts
    • 100 Thanks
    Dragonpie
    Definitely Boo to them Beanielou... It has been a nightmare ever since I started this job in July.
    This month is very tight plus one of my beautiful bunnies had a stroke so I had to have him put down, I didn't even think of the cost at the time but a 125 spend is making it even more difficult moneywise.
    17/06/18 - loan 11527.23, CC1 3682.79, CC2 2356.69, CC3 2128.70 - total 19695.41
    28/02/19 - loan 8867.10, CC1 6,201.69, new CC2 2,367.09- total 17435.88
    • beanielou
    • By beanielou 23rd Dec 18, 3:16 PM
    • 61,817 Posts
    • 264,914 Thanks
    beanielou
    Sorry about your bunny
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 12 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. ***Be the difference.***
    • Dragonpie
    • By Dragonpie 29th Dec 18, 2:41 PM
    • 88 Posts
    • 100 Thanks
    Dragonpie
    Hope any readers have had a wonderful Christmas!
    Today I am making plans for my finances for the new year, I have got a lot better over the past 6 months and have significantly reduced my spending on clothes and shoes (my main vices). I want to be better prepared for Christmas next year and work on my non existent emergency fund, the plan is:
    1) I am going to save 20 per month for gifts, including birthdays.
    2) I am going to limit myself to 25 per week for grocery shopping - this means getting back into the habit of food planning (and more importantly, sticking to the plan!) and leftovers for lunch.
    3) at least 2 NSDs per week... I know that doesn't sound a lot but I rarely have any NSDs.
    I think that'll be enough to begin with but I tend to respond better if I have seemingly set myself a target which is too hard rather than too easy.
    Last edited by Dragonpie; 29-12-2018 at 3:36 PM. Reason: Spelling
    17/06/18 - loan 11527.23, CC1 3682.79, CC2 2356.69, CC3 2128.70 - total 19695.41
    28/02/19 - loan 8867.10, CC1 6,201.69, new CC2 2,367.09- total 17435.88
    • Dragonpie
    • By Dragonpie 30th Dec 18, 1:26 PM
    • 88 Posts
    • 100 Thanks
    Dragonpie
    I am a massive cliche at New Year! As well as working on my budget, I have decided to start working out more and doing the 5:2 diet... I figure that I can link this with my money based resolutions, if I meal plan and prep, the fasting days should be relatively easy and I can't buy any snacks on those days so it should also be easier to have NSD on my fasting days.
    I know I am probably massively, underestimating how easy this will all be but updating my signature on here has helped me see that I can do whatever I set my mind to!
    17/06/18 - loan 11527.23, CC1 3682.79, CC2 2356.69, CC3 2128.70 - total 19695.41
    28/02/19 - loan 8867.10, CC1 6,201.69, new CC2 2,367.09- total 17435.88
    • Dragonpie
    • By Dragonpie 23rd Jan 19, 1:20 PM
    • 88 Posts
    • 100 Thanks
    Dragonpie
    I've been quiet since new year thanks to be rushed off my feet but I am still plodding on. The wages saga is continuing and I am still overpaying into my pension and haven't had any money back yet, which is making things very tight! NSDs aren't happening as much as I would like but have increased and my spending has definitely been a lot better so far this month.
    17/06/18 - loan 11527.23, CC1 3682.79, CC2 2356.69, CC3 2128.70 - total 19695.41
    28/02/19 - loan 8867.10, CC1 6,201.69, new CC2 2,367.09- total 17435.88
    • beanielou
    • By beanielou 23rd Jan 19, 1:31 PM
    • 61,817 Posts
    • 264,914 Thanks
    beanielou
    Plodding on is always good

    Boo to the worted soon.ages saga continuing~~It really is not good enough.
    Hope it is s
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 12 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. ***Be the difference.***
    • Dragonpie
    • By Dragonpie 21st Feb 19, 3:36 PM
    • 88 Posts
    • 100 Thanks
    Dragonpie
    I seem to be updating once a month at the moment, mainly, because not a lot is happening! The debts are decreasing at a steady rate and the plan is still to be loan and cc free by the end of 2020 (it sounds sooner if I phrase it that way lol) and I hope for the mortgage to be gone in January 2024. My spending went a little berserk last month so I am working on reigning this back in and I have a holiday this month so that means that any plans for saving will take a hit. My savings are still my downfall but I have a bit of a pay rise starting in April so that should make it a bit easier.
    17/06/18 - loan 11527.23, CC1 3682.79, CC2 2356.69, CC3 2128.70 - total 19695.41
    28/02/19 - loan 8867.10, CC1 6,201.69, new CC2 2,367.09- total 17435.88
    • Dragonpie
    • By Dragonpie 10th Mar 19, 9:39 PM
    • 88 Posts
    • 100 Thanks
    Dragonpie
    I definitely need to work on my spending! I am getting back into old habits, buying lunch and online shopping are both becoming significant spends again. I am on holiday this week and have a few days booked in Gibraltar which will probably be expensive but I am going to try and not spend too much whilst away, outdoor activities with a packed lunch will be the main entertainment but I still want some balance and don't want to be worrying about spending when I should be relaxing. I've updated my signature today and the numbers are going down - I just need to remember that I can do this.
    17/06/18 - loan 11527.23, CC1 3682.79, CC2 2356.69, CC3 2128.70 - total 19695.41
    28/02/19 - loan 8867.10, CC1 6,201.69, new CC2 2,367.09- total 17435.88
    • Dragonpie
    • By Dragonpie 20th Mar 19, 10:44 PM
    • 88 Posts
    • 100 Thanks
    Dragonpie
    Well Gibraltar wasn't too expensive thankfully, had a fantastic break with lots of fresh air - just what I needed. I've already had to revise this month's budget because I didn't factor for the extra costs of multiple birthdays, d'oh! The good thing about most of my families birthdays being within a 2 week period, is that I have several months before I need to buy anymore gifts.
    17/06/18 - loan 11527.23, CC1 3682.79, CC2 2356.69, CC3 2128.70 - total 19695.41
    28/02/19 - loan 8867.10, CC1 6,201.69, new CC2 2,367.09- total 17435.88
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