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Old Jan 2nd, 2014, 22:06 PM   21
QueenMummyToBe
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Originally Posted by QueenMummyToBe View Post
Hey I'm Ashleigh, have 3 beautiful children under 5.

I am hoping to pay off around 7000 of debt this year (angry with myself for letting it build up)
Money is going to be super tight until it is all paid off but I just think if we have a frugal year from then on we can save save save.
Hubby doesn't have the best health (has arthritis & ankolosing spondylitis) so it will be good for us to have a fair bit of savings incase he needs time off work in the future.

xxxx
Is your target 7k by 2015?
Yep that is my plan! I am the same as you with spreadsheets etc, it is like my sad little hobby lol

My Grandmas advice to me was if you budget x amount for something so for us our 4 weekly budget for food etc is 250, if you take the 250 out the bank (or into a different empty bank account) then every time you go food shopping (even just for milk etc) use the money/same bank account and keep your receipts in a jar then you know exactly how much you have to spend and you can look back on the month and see if you have any weaknesses.

Xx



 
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Old Jan 3rd, 2014, 05:38 AM   22
Jchihuahua
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Well my good intentions have already gone out of the window . Our car broke down on hubby's way home from work last night. The AA think it is the engine and a big job and took it to the garage and now this morning my oven has stopped working completely and I'm now waiting for an electrician so those costly things will have to go on the credit card I want to clear as I am on maternity pay so can't afford to pay any other way. Aaaargh.



 
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Old Jan 3rd, 2014, 05:58 AM   23
Blah11
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Ugh sods law jeanna hopefully it's not as bad as expected!

Ive added up Christmas gift money we have left that we haven't spent and have 225 so will be adding another 200 when I can get to the bank.



 
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Old Jan 3rd, 2014, 06:18 AM   24
aimee-lou
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Blah - wow that's a nice chunk to pay in. Always a nice feeling!

JC - Aw no! I hope it's not as big a job as they think, but I know the feeling about it just piling up. Hope they fix your oven too.

So far today not been too eventful. Waiting for my buyers to pop by this afternoon so I can add my takings to my total and I have a couple more things to put on tonight. I'm aiming to try to 'make' 5 a day. If I can do that, then we'll be sorted. I'm am however, running out of things to sell



 
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Old Jan 3rd, 2014, 06:20 AM   25
aimee-lou
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QueenMummyToBe - it is my obsession. It strrted in the summer when we had absolutely nothing and I had to make things stretch so far that I just kept on going. I've done my budget for this semester last night and I have 94/week to get my weekly shopping plus buy anything else that's needed. It's going to be tight but I think it's doable.....considering for the whole of June and July last year we lived on 42 a week for 4 of us!



 
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Old Jan 3rd, 2014, 07:55 AM   26
Natasha2605
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So hoping a thread like this will make me see sense of what we are doing to ourselves.

I'm Natasha, 22 , married. Summer is 3.5 and Maci is nearly 2.

We owe a lot of money. But are getting there. Although we have gotten into a stupid cycle with Wonga (!!!!) and now owe them 900 which will be spread out 450 this month and 450 next.

Each month to debts I pay :

Council Tax debt - 50 per month (550 left)
Santander Overdraft - 40 per month (150 left from 700)
Provident - 200
Littlewoods repayment - 50 per month (600 remaining)
Very Repayment - 40 per month
Various other Catalogues - 100 per month

That's a LOT of money each month just to debts. The rest of our money we squirrel away. Get takeaways whenever we fancy etc. We are SKINT by the time payday comes.

I next get paid of January 10th so our mission to clear starts then!

My first goal will be to pay off the Santander overdraft, coucil tax debt the littlewoods repayment by April. So thats 1300 of debt.

We will not be booking a family holiday until all debts except provident are cleared. (If we get one at all this year).

On that note, has anyone here done the Sun Holidays. Thinking about it this year to save some money. I don't mind not going abroad but OH wants to.

I just need to get good at keeping tabs on money. Spending it comes way too easily.

OH does Sharesave through work at saves 40 per month. This is our Florida money. That will mature in 2016 and we hope to go to Florida in 2018 when kids are 8 and 6.



 
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Old Jan 3rd, 2014, 08:20 AM   27
aimee-lou
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Natasha - welcome I've added you onto the list If you have a date in mind that you'd like to have stuff paid off by let me know.

That Santander one should definitely be your first target. 150 is tantalisingly close. One little thing, you mentioned take-aways. My hubby and I now do 'fast food friday'. We used to buy takeaways once a week pretty much, now we choose a different 'fast food' and cook it at home on a Friday evening. Really good fun and a fraction of the cost. You could then put the normal takeaway money in a jar and after a few weeks you'll have enough to get rid! Then that money would then go twards the other debts to get paid. It's a spiral you see and it's addictive lol

You OH needs to learn how good UK holidays are!!! Having not been on a proper holiday since before Earl was born this year we are going to Cornwall for 2 weeks in a large caravan for the same cost as a week in a cheap hotel abroad. We've gone for a couple of rungs up the comfort scale this time, but could easily have cut the cost by at least another 200. Hoseasons and things do a half term deals where you get 4 nights in a caravan or chalet for 99! Who could grumble at that?! I've never done the Sun vouchers but my neighbour has done the past 2 years and she said it's pretty good choice wise. To be honest, with small children, as long as it's got a playground and a couple of places like the beach and arcades, it's a winner in my book!

Wonga are the best of the bad bunch. We used them last year when you got into trouble and we had to extend the term twice in order to pay it off. Cost us more in the long run, but at least we got clear.

Thanks for joining everyone. I'm actually very excited about this year. Yes, ok, it's going to be hard work, but I'm determined to achieve my goals. Keep up the PMA everyone xxxx



 
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Old Jan 3rd, 2014, 08:21 AM   28
Jchihuahua
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I've done my budget for this semester last night and I have 94/week to get my weekly shopping plus buy anything else that's needed. It's going to be tight but I think it's doable.....considering for the whole of June and July last year we lived on 42 a week for 4 of us!
That's impressive! I am currently on a weekly budget of 120 a week which is for our food, pet food, electric and petrol at the moment and finding it really difficult. The weekly food shop is impossible to get below 70 and then we always need top ups of bread, milk and fruit . One of my dogs is on a special diet due to his allergies and that is costly too. I would love to get the weekly budget to 100.



 
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Old Jan 3rd, 2014, 08:33 AM   29
weewdy
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Originally Posted by aimee-lou View Post
I've done my budget for this semester last night and I have 94/week to get my weekly shopping plus buy anything else that's needed. It's going to be tight but I think it's doable.....considering for the whole of June and July last year we lived on 42 a week for 4 of us!
That's impressive! I am currently on a weekly budget of 120 a week which is for our food, pet food, electric and petrol at the moment and finding it really difficult. The weekly food shop is impossible to get below 70 and then we always need top ups of bread, milk and fruit . One of my dogs is on a special diet due to his allergies and that is costly too. I would love to get the weekly budget to 100.
Just wondering if you meal plan before you do the shopping? Also i paid for online delivery for 3 months (15 from asda) and i have cut my bill by 20 per week because im not lifting things i see in the shop and because i live 20miles from nearest asda it saves on petrol money aswell.



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Old Jan 3rd, 2014, 08:39 AM   30
lau86
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Hi, I have been stalking a bit and would like to join? I really dislike admitting to myself how much debt were in!!
We are at that stage now where things are not too tight and were in the repayment stage rather than the build it up stage and that's where I'd like it to stay. My debts are around 8000 from a credit card and old student loan, I pay off around 180 per month to those at the moment. I also have a 2000 overdraft but just trying to prioritise the debt at the moment. I don't know what kind of state hubbies finances are in either but I suspect not great. We pay our bills together but apart from that everything is separate. I think now is the time to discuss combining all our money, salary and debts and each just have a bit of spending money. I get the feeling this is how most couples work?
Anyway thanks for reading I was just thinking aloud!
So I guess my goal for this year is continue to chip away at the debt 180 a month and not build up more debt whilst on mat leave.



 
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