3rd November 2019

These posts were originally posted on the MoneySavingForums (a UK money management site), I am moving my journals across to WordPress to have them in chronological order. I’m not sure how much of other people’s words I’m allowed to copy across from one site to another, so in some sections I may summarise conversations.

Start of November Update

Offical Savings Pots(kept in thier own seperate bank accounts)
Emergency Savings – £1000.61
H2B ISA – £449.81
Christmas Savings – £125.00
Pride Savings – £30.00
Total – £1605.42

Other Small Savings Funds(kept in current account)
Dad’s Birthday – £50.00
YNAB – £90.00 (about to be spent)
Divorce – £111.12
Total – £251.12

Debts
Red Card – £172.61
Black Card – £900.41
Total – £1073.08

Nonetheless thanks to my Brexit stockpile gamble I’ll probably be pulling money from some of those pots to grocery shop.

I’ve been having a Good Debt vs Bad Debt argument with myself lately. In the long run I’ve got my eye on being a financial advisor – and I am talking years here – and I had a chat with the financial advisor in branch about the training required. There are sponsorships available occasionally but they are few and far between so he self funded his.

Problem is, it’s about £200 per module. Which, on top of everything else… so I’ll wait until the New Year at the earliest to make a firm decision, see what happens with Christmas and the laptop. One option is to put it on a CC and pay it off over time. The other is to save up and pay for one module at a time, but I don’t know how long that could take.

Reason it could be Good Debt: it would eventually increase my earnings.
Reason it could be Bad Debt: debt.

In the meantime, one of the sites he showed me had a recommended reading list, which I’m working my way through.

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