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  • FIRST POST
    • Wonky_Teacup
    • By Wonky_Teacup 23rd Dec 18, 12:59 PM
    • 43Posts
    • 230Thanks
    Wonky_Teacup
    Slowly but surely, rushing gets us nowhere
    • #1
    • 23rd Dec 18, 12:59 PM
    Slowly but surely, rushing gets us nowhere 23rd Dec 18 at 12:59 PM
    Statement of Affairs and Personal Balance Sheet (01/03/2019)

    Household Information

    Number of adults in household........... 2
    Number of children in household......... 0
    Number of cars owned.................... 0

    Monthly Income Details

    Monthly income after tax................ 0
    Partners monthly income after tax....... 1665
    Benefits................................ 0
    Other income............................ 0
    Total monthly income.................... 1665

    Monthly Expense Details

    Mortgage................................ 0
    Secured/HP loan repayments.............. 0
    Rent.................................... 350
    Management charge (leasehold property).. 0
    Council tax............................. 95
    Electricity............................. 13
    Gas..................................... 13
    Oil..................................... 0
    Water rates............................. 0
    Telephone (land line)................... 8
    Mobile phone............................ 90
    TV Licence.............................. 15
    Satellite/Cable TV...................... 0
    Internet Services....................... 30
    Groceries etc. ......................... 213
    Clothing................................ 10
    Petrol/diesel........................... 0
    Road tax................................ 0
    Car Insurance........................... 0
    Car maintenance (including MOT)......... 0
    Car parking............................. 0
    Other travel............................ 0
    Childcare/nursery....................... 0
    Other child related expenses............ 0
    Medical (prescriptions, dentist etc).... 10
    Pet insurance/vet bills................. 0
    Buildings insurance..................... 0
    Contents insurance...................... 17
    Life assurance ......................... 0
    Other insurance......................... 0
    Presents (birthday, christmas etc)...... 10
    Haircuts................................ 10
    Entertainment........................... 67
    Holiday................................. 10
    Emergency fund.......................... 0
    Total monthly expenses.................. 961


    Assets

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

    No Secured nor Hire Purchase Debts


    Unsecured Debts
    Description....................Debt......Monthly.. .APR
    Sofa...........................1000......22....... .0
    Loan...........................11700.....231...... .12
    Credit Card....................1700......12........0
    Total unsecured debts..........14400.....265.......-


    Monthly Budget Summary

    Total monthly income.................... 1,665
    Expenses (including HP & secured debts). 961
    Available for debt repayments........... 704
    Monthly UNsecured debt repayments....... 265
    Amount left after debt repayments....... 439

    Personal Balance Sheet Summary
    Total assets (things you own)........... 0
    Total HP & Secured debt................. -0
    Total Unsecured debt.................... -14,400
    Net Assets.............................. -14,400

    Created using the SOA calculator at www.stoozing.com.
    Reproduced on MoneySavingExpert with permission, using Firefox browser.

    Last edited by Wonky_Teacup; 03-03-2019 at 6:49 PM.
    Debts Remaining - OD1:300/1200 ; CC:1900/2500 (0% till 06/2020)
    DFS:977.21/998 (0% till 12/2022) ; PL:11600/12000 (12% till 03/2025)
    --------------------------------------------------------------
    Debts Paid - Debenhams: 125 ; OD2: 500
Page 2
    • Aaleigha
    • By Aaleigha 28th Dec 18, 8:55 PM
    • 567 Posts
    • 3,643 Thanks
    Aaleigha
    oh my crafts are totally different
    I spin and dye yarn - weave with it
    make art yarn

    then I also do patchwork rather than the very formal style I use less rulers and more improve can wait to unpack it all at the other end - but once we move I think my main hobby will be unpacking
    SEALED POT CHALLENGE # 100
    pot 1 (unknown starting amount) 18 Pot 2 10
    total 22.50
    EMERGENCY FUND
    40/1000 plus some in my bank 138 total 178/1000
    DECLUTTER. 183/2019
    • Wonky_Teacup
    • By Wonky_Teacup 29th Dec 18, 2:09 PM
    • 43 Posts
    • 230 Thanks
    Wonky_Teacup
    20cogs update - now just waiting on the last 3 moving from pending, 155 confirmed but I'm keeping an eye on the available tasks/offers to see if I can up the overall total in the mean time.


    Hoping to crack on with some knitting once the sofa is here and the living room no longer looks like carnage.

    _______________________



    Aaleigha, that sounds gorgeous. There was a lady at our local christmas fair who did spinning, could have watched it for hours - the process was fascinating. Hope the unpacking goes quickly and smooth.
    Last edited by Wonky_Teacup; 29-12-2018 at 2:12 PM.
    Debts Remaining - OD1:300/1200 ; CC:1900/2500 (0% till 06/2020)
    DFS:977.21/998 (0% till 12/2022) ; PL:11600/12000 (12% till 03/2025)
    --------------------------------------------------------------
    Debts Paid - Debenhams: 125 ; OD2: 500
    • Wonky_Teacup
    • By Wonky_Teacup 3rd Jan 19, 4:47 PM
    • 43 Posts
    • 230 Thanks
    Wonky_Teacup
    So, today went well.
    A treat of a new work hoodie for OH since his was looking a bit baggy - got in sale for 15, doesn't fit and the leggings for me (fleece lined, 10) had a massive hole in them. Back to the shop they go. That money had been accounted for in this month's budget so it'll be nice to be able to add it to next month or on to the O/D.
    Also cashed out 192 from 20cogs, which is going straight into paying off the O/D.
    Prolific and TopCashBack are coming along nicely for some spare change for Christmas next year (that's my goal for them) - anything I make from selling crafts (not gonna take it too serious, it always ends up with me in a bad mental health place when I do) is gonna go into the O/D.


    Fingers crossed OH's work come through at his review - he's up for promotion and potential pay rise but upper management are notoriously cheap.
    Debts Remaining - OD1:300/1200 ; CC:1900/2500 (0% till 06/2020)
    DFS:977.21/998 (0% till 12/2022) ; PL:11600/12000 (12% till 03/2025)
    --------------------------------------------------------------
    Debts Paid - Debenhams: 125 ; OD2: 500
    • Wonky_Teacup
    • By Wonky_Teacup 5th Jan 19, 10:40 PM
    • 43 Posts
    • 230 Thanks
    Wonky_Teacup
    We've a couple of months of big purchases (crowns for him, though we're gonna try and spread them out as well as new glasses for me as I've been putting it off for a year - Specsavers may not be the cheapest but I trust them with my iffy fitting/eye issues so worth the money in my eyes) so have set up a D/D for the C/C (0% for 20 months, far longer than it'll take to pay these things off) 50 a month, and 50 a month into the three savings accounts. We should have 100 extra a month, which we'll use to pay the card faster. Card and O/D should be clear by July at the latest.


    Next week is stock creating week and learning some new skills - so that should help bring in some more dosh. While I'm sure there's 101 extra things we could be doing or that others could do better - we're feeling pretty good and in control for once. It feels like we have an easy plan, instead of a plan where we need to be basically perfect to pull it off.
    Debts Remaining - OD1:300/1200 ; CC:1900/2500 (0% till 06/2020)
    DFS:977.21/998 (0% till 12/2022) ; PL:11600/12000 (12% till 03/2025)
    --------------------------------------------------------------
    Debts Paid - Debenhams: 125 ; OD2: 500
    • pollyanna 26
    • By pollyanna 26 5th Jan 19, 11:45 PM
    • 2,654 Posts
    • 25,041 Thanks
    pollyanna 26
    I don't usually post on this forum WonkyTeapot but your username caught my eye tonight . I'm sorry the MR didn't go well .I seem to remember you were working on that late August.


    I understand if you didn't go to appeal at that point as is a big step when you're not feeling too good .


    Now you have a plan it will make you feel you have control now which must make you feel less anxious . I'm sending positive vibes for your husbands review and I still light my calming Lavender candles !


    Good luck for the year ahead . I actually typed your name earlier on the OS thread . As we slowly creep out of semi hibernation as per usual over there you were one of the friends I was thinking of .


    Best wishes to you both and your mum .


    polly x
    • Wonky_Teacup
    • By Wonky_Teacup 10th Jan 19, 5:11 PM
    • 43 Posts
    • 230 Thanks
    Wonky_Teacup
    Polly - I considered appeal, but opting against it was the start of finding a fantastic balance in my life as well as allowing me to focus on being a support for mum while she got her own sorted. Resources from the OS thread (actually, think it may have been you) were invaluable!
    Wishing you all the best in the year ahead, the positive vibes and luck are greatly appreciated.
    Debts Remaining - OD1:300/1200 ; CC:1900/2500 (0% till 06/2020)
    DFS:977.21/998 (0% till 12/2022) ; PL:11600/12000 (12% till 03/2025)
    --------------------------------------------------------------
    Debts Paid - Debenhams: 125 ; OD2: 500
    • Wonky_Teacup
    • By Wonky_Teacup 10th Jan 19, 5:24 PM
    • 43 Posts
    • 230 Thanks
    Wonky_Teacup
    Spreadsheet updated for earnings, savings and debt pay down. It's great to see all those little survey etc earnings adding up and being able to see their effect on debt. It's making it easier to see it as a process rather than something instant.
    Will we be perfect every month? No. Will we get there? Yes. Every day is a fresh start, just cause we bought takeaway last night (example) doesn't mean the month is a loss - cause today was a no spend day, so that's a success, lets aim for the same tomorrow.

    I've also gotten around to posting my wedding dress online in an effort to shift it - it's taking up space and a little dosh for it isn't to be sniffed at either.

    While we haven't made much progress with extra earnings (I'm ticking along with Prolific almost exclusively for now - not done much with regards to knitting up stock to sell) - we're in the middle of a massive de-clutter which is helping to work in tandem with no spend.
    Debts Remaining - OD1:300/1200 ; CC:1900/2500 (0% till 06/2020)
    DFS:977.21/998 (0% till 12/2022) ; PL:11600/12000 (12% till 03/2025)
    --------------------------------------------------------------
    Debts Paid - Debenhams: 125 ; OD2: 500
    • Wonky_Teacup
    • By Wonky_Teacup 13th Jan 19, 11:15 PM
    • 43 Posts
    • 230 Thanks
    Wonky_Teacup
    Another fiver waiting to be pulled out of Prolific. Finally listed wedding dress on eBay. Not exactly a no spend day as my xbox controller finally died (it's been dying randomly for a bit but I didn't want to invest in a new one - lots of spot fixes done) so a new one is coming this week.


    We're planning ahead for once the smaller debt payments are done with, which would mean at least by start of next year we'd be in a position to continue saving 50 per account/150 a month plus doubling our loan repayments to save a chunk on interest. Daft as it may sound, genuinely excited for that point.
    Debts Remaining - OD1:300/1200 ; CC:1900/2500 (0% till 06/2020)
    DFS:977.21/998 (0% till 12/2022) ; PL:11600/12000 (12% till 03/2025)
    --------------------------------------------------------------
    Debts Paid - Debenhams: 125 ; OD2: 500
    • Wonky_Teacup
    • By Wonky_Teacup 25th Jan 19, 9:34 PM
    • 43 Posts
    • 230 Thanks
    Wonky_Teacup
    Really need to get round to updating the SOA. Subscribing to the idea of every pound having a purpose, which doesn't leave much "extra" but does mean we are putting money into savings which I feel is smarter than paying down debt. As otherwise we use the card, then have another debt to pay down.. thinking long game.
    Between helping FIL with some paperwork (which meant he came into some money so kicked me 100 for the help), cashing out 20cogs (192) and a bingo slots win yesterday (185) on top of our usual repayment this month - in the space of 30 days, we've cleared half my overdraft. I'm counting that as a win.


    Also, everyone at hub's work got a pay rise of 500 a year (so, extra 20 a month) but the paperwork for his promotion has now officially been submitted. At long freaking last. Pay will need to be negotiated with Big Boss's Boss, but he's the sort who will pay what he needs to get the job done. Hub's has the skills they need, and is asking for less than the going rate for his role in this city (cause it's so close to home) so I'm crossing my fingers that goes well.
    Debts Remaining - OD1:300/1200 ; CC:1900/2500 (0% till 06/2020)
    DFS:977.21/998 (0% till 12/2022) ; PL:11600/12000 (12% till 03/2025)
    --------------------------------------------------------------
    Debts Paid - Debenhams: 125 ; OD2: 500
    • Wonky_Teacup
    • By Wonky_Teacup 1st Mar 19, 5:16 PM
    • 43 Posts
    • 230 Thanks
    Wonky_Teacup
    Hubs had an interview for another job - clothes for it paid on the Debenhams card to get money off, paid that a week later.
    Halting payments into savings for now - we need to shift the debts more. We'll reassess if circumstances change/once OD is gone and we've taken a chunk out of CC.

    Cut nearly 100 from groceries, cut a couple of subscriptions, plugging away at Prolific for some dosh here and there.
    As of March's pay day, we'll have cleared my OD and will be plowing 300 a month into the CC instead. Proposal for hub's pay-rise is currently at the last hurdle and there's rumblings again of hiring me on a as-needed basis so both those would be straight into loan over-payments (aim is to cut at least a year off the original term).

    No luck shifting the wedding dress or getting stock made to sell (health has taken a shocking turn lately, energy levels are at a nearly all time low - which is kinda worrying since I WAS making good progress at getting my baseline energy up. Gonna have to cut myself some slack and try and let it get back to a decent level, just in case there's a chance of temp work.)
    Last edited by Wonky_Teacup; 01-03-2019 at 5:19 PM.
    Debts Remaining - OD1:300/1200 ; CC:1900/2500 (0% till 06/2020)
    DFS:977.21/998 (0% till 12/2022) ; PL:11600/12000 (12% till 03/2025)
    --------------------------------------------------------------
    Debts Paid - Debenhams: 125 ; OD2: 500
    • Wonky_Teacup
    • By Wonky_Teacup 10th Mar 19, 7:55 AM
    • 43 Posts
    • 230 Thanks
    Wonky_Teacup
    Wrestling low energy levels and unfinished de-cluttering, inspection due this month as well as a bunch of "small stresses" which are snowballing into one ball of anxiety. As such, too many takeaways, but we're one pay day from being clear of my overdraft.
    Also the month of the last two big purchases, after which I'll actually put money aside per month in a specific account. For now, they're going on the 0% card, which will be paid by December (the 0% deal expires next summer) as we can't put them off any longer.

    STILL waiting on hubs promotion, but the boss has said "offering any less than 30k would be taking the mik". We were aiming for that, so am very pleased but cautious.
    Last edited by Wonky_Teacup; 14-03-2019 at 2:37 PM.
    Debts Remaining - OD1:300/1200 ; CC:1900/2500 (0% till 06/2020)
    DFS:977.21/998 (0% till 12/2022) ; PL:11600/12000 (12% till 03/2025)
    --------------------------------------------------------------
    Debts Paid - Debenhams: 125 ; OD2: 500
    • Wonky_Teacup
    • By Wonky_Teacup 11th Mar 19, 3:27 PM
    • 43 Posts
    • 230 Thanks
    Wonky_Teacup
    Small victory, which I'll allow myself since financially things are a bit funky right now (not terrible, just a transition time, not gonna focus too much on it).
    Prolific cash out is looking like it'll be about 25 at end of week. I've had a sewing machine on my wishlist for years but since it's stock levels have been all over the shop, I thought now was a good time to look for a back up as it'd "obviously" be ages before we could justify buying it.
    I found a simple but beasty little one (it was be perfect for what I'd want to use it for despite having one stitch) - small enough to go in my crafting drawer. 23!
    So, once I've hit 25, I'll be cashing out and treating myself to a sewing machine at long last. Absurdly excited.

    We've been given a deadline of May for hearing back about job for me/payrise for hubs. So for now, the focus is on ticking along.
    Last edited by Wonky_Teacup; 13-03-2019 at 11:16 AM.
    Debts Remaining - OD1:300/1200 ; CC:1900/2500 (0% till 06/2020)
    DFS:977.21/998 (0% till 12/2022) ; PL:11600/12000 (12% till 03/2025)
    --------------------------------------------------------------
    Debts Paid - Debenhams: 125 ; OD2: 500
    • Wonky_Teacup
    • By Wonky_Teacup 13th Mar 19, 11:15 AM
    • 43 Posts
    • 230 Thanks
    Wonky_Teacup
    Grand oh grand!
    Next pay period - 216 charge for a couple crowns for hubs. So, pushing eye care till the following pay period as that'll probably be the same. It's gonna near enough max out the 0% card.
    I'm aware this isn't what a lot would class as a good idea - but stopping savings means the last "incurs interest each month based on debt" debt is gone. We will be left with the fixed term loan (so, easy for me to track and we planned to pay the full term amount) and the 0% card which (once it becomes the target for what is now the OD payment) will be gone in plenty of time before the deal expires.

    This is all based on hubs work deciding against a payrise.
    If they give him the minimum they're talking about upping it by, card will be cleared by Autumn and we'll be making essentially 3x payments on the loan (the standard - plus over paying by 2x that payment)


    Cashed out 25 on Prolific - bought the sewing machine with it.
    Today, already up to 6.90 pending on Prolific.
    Added 5 to my OhMyDosh total (currently 15) - won 90 profit in the process (threw that into the O/D)
    Last edited by Wonky_Teacup; 13-03-2019 at 2:07 PM.
    Debts Remaining - OD1:300/1200 ; CC:1900/2500 (0% till 06/2020)
    DFS:977.21/998 (0% till 12/2022) ; PL:11600/12000 (12% till 03/2025)
    --------------------------------------------------------------
    Debts Paid - Debenhams: 125 ; OD2: 500
    • Wonky_Teacup
    • By Wonky_Teacup 14th Mar 19, 3:16 PM
    • 43 Posts
    • 230 Thanks
    Wonky_Teacup
    Huzzah! At long last, promotion and pay rise is through. Starting immediately (so we'll see a little of it in March's pay, April's will be the first where we'll see exactly how much it'll be month-to-month - online calculators are varying between 200 and 300 a month better off, so I'm gonna wait for the first pay instead of trying to guess.)


    It feels like a weight off our shoulders - as having that sort of cash "spare" to throw at debt repayment makes, what will be our last two, look much more manageable.
    Debts Remaining - OD1:300/1200 ; CC:1900/2500 (0% till 06/2020)
    DFS:977.21/998 (0% till 12/2022) ; PL:11600/12000 (12% till 03/2025)
    --------------------------------------------------------------
    Debts Paid - Debenhams: 125 ; OD2: 500
    • Wonky_Teacup
    • By Wonky_Teacup 18th Mar 19, 8:33 AM
    • 43 Posts
    • 230 Thanks
    Wonky_Teacup
    PLAN: (so I can keep it straight in my head - also, self reminder, best day to update signature figures is the 7th of the month) Starting in April we're putting 300 a month into savings across various accounts.

    - Pay off OD1 (March)(300)
    - Pay off CC (April, May, June, July, August)(400)

    - Save for Invisalign to fix previous NHS braces work so can stop chewing my own face (September, October, November, December, January 2020)(400)
    - Overpay Sofa (approx)(February 2020, March 2020)(400)
    - Loan - at this point we'll either refinance what's left at a lower interest rate, or let it keep getting paid by the direct debit it currently is. It works better for us to be liquid (keep savings) in case we have to move etc cause "needing to move/landlord wanting to sell" causes me much more stress than the loan interest.
    Debts Remaining - OD1:300/1200 ; CC:1900/2500 (0% till 06/2020)
    DFS:977.21/998 (0% till 12/2022) ; PL:11600/12000 (12% till 03/2025)
    --------------------------------------------------------------
    Debts Paid - Debenhams: 125 ; OD2: 500
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