Payday…it’s been and gone

That most blessed of days, payday, has been and gone. Standing orders have sent my money here, there and everywhere and a money blunder has left my contingency fund, wistfully named ‘spare cash’.

Lesson learned folks, don’t online bank when you’re tired.

Basically I have four debts to service; two are interest free, one a moderate interest rate and one overdraft whose charges are about to rocket. The plan originally was to clear the overdraft, make minimum payments on everything and to move anything left from the debt fund over to the moderate interest rate debt. Good plan, yes?

The blunder came when I was making the payment to the moderate interest rate card; instead of entering the amount I wished to pay, I entered my debit card security code and paid £150 too much, taking me down to a £60 contingency for the month.

Oh crap.

Well, on the bright side, at least the money went to my debt rather than into a black hole where I would never get it back. I’m seeing the silver lining in this and hoping to clear this card this month through my newly acquired frugal habits!

Check back next time for my frugal experiments with the grocery bill!

How Do We Get Here?

I guess everyone in this position asks themselves this. How did I get here? How did I end up in this mess yet again after being bailed out or struggling my way out of it numerous times?

You spend too much, you idiot. It’s really not a mystery.

I was doing ok, overspending by a little every month but nothing major or exciting. Then my dog got sick. He’s not insured, as an ex racing greyhound who is also rather old, the premiums were extortionate. A hundred pounds here and there didn’t seem too bad until my savings had run out and I had a huge credit card bill. Then my other greyhound had to have a dental, and more money disappeared into the vet’s pocket.

Debt petrifies me; I come from a family who have always had savings, never overspent, were always careful with money and here I am, in a hole of debt.

Don’t get me wrong, it could be a whole lot worse. But yesterday I went into Tesco for a loaf of bread and came out £15 lighter, including a magazine I grabbed and didn’t realise until later cost £7.99. I could buy a book for that.

I think that’s the crux of the matter…mindless spending. My fiancé said later that he thinks that’s my problem and for a Lancashire man to open his mouth and make a comment like that, you have to sit up and listen.

The idea of this blog is to hopefully keep me on track to clear my debts as quickly as possible and to explore different ways of doing things, to find something that makes sense, and works.

Here goes, to the frugal life!