Last year I had to take out a debt repayment plan after finally admitting my debts were out of control and I couldn’t cope. This year I decided to set myself some money goals to see what difference they would make.
My first decision was to take the advice of www.moneysavingexpert.com and switch suppliers of various things. (He also has lots of advice and support of people in debt that have mental health problems). Swapping my broadband and phone contract plus the house insurance saved me 20 pounds per month
Next, after bingewatching 10 series of Supernatural in a row I realised how much I did not miss regular TV so my sattelite channels were the next to go. I do watch some TV but by letting the Sky box switch to a freeview(ish) box (it doesn’t have all the channels of freeview) and getting a Now box for a few other things my bill went from 35 pounds per month to just 7. Huge savings.
About this time I took part in an excellent 3 week course run by http://www.capuk.org who helped me put together a budgeting plan, see where I could save money and see where I was missing essential things I should be spending my money on (like life insurance which I can now afford). Whilst I used the charity Stepchange for my debt plan Capuk have fantastic debt support themselves and whilst mine is done over the phone and internet; Capuk are excellent for that face to face service. I used them a lot in my old job and both companies are so supportive. It’s important to note they are both charitable organisations and would never charge. Don’t ever let anyone charge you for debt advice when the honest support is out there.
What else? Well I failed at everything I tried to do. Swapping jobs at easter to a desk job did originally start saving me cash but then I went and got promoted. Sounds good except I often work away and I’m still trying to find the right balance between working away and sticking to budget and wayhey I’m working away let me buy everything!!!!!
I’m a work in progress….
(In all seriousness the promotion has been great for finally helping me get on top of things. Once I stop hotel boredom eating to go with the already abandoned magazine buying for the train journeys I’ll be laughing. And I’m sorry but a 3 hour train journey and I’m taking the sweets! I just have to remember to buy from Aldi and not the train station. Life is good and getting better)
And nothings actually a failure, more of a need to review the situation a little further.
I was also meant to start a Christmas savings plan. I didn’t however this is the first year in my memory that I haven’t borrowed money to pay for anything so it’s a plus point.
I tried to switch my shopping to weekly but it didn’t feel quite right so went back to monthly. I think that’s a piece of advice I was given that’s a bit personal and people will have to see what suits them best.
So! What to do for next year??? Well I’ll keep an eye on the utility switching. My mobile contract is up in 12 months so will look at that. I am going to start a Christmas fund…honest. I want to clear one of my small debts. And most importantly I’d like to have a week where I don’t think about money at all. I think that’s do-able.
Smal steps that’s all I need and eventually (Jan 2020 fingers crossed) it will all be over x