10th & 11th 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.

10th November 2019

I’ve been running some numbers on my New Year budget and it doesn’t look as good as I hoped… the snowballing of debt mostly cancelled out by adding new things to save up for. **rolls eyes** I’ll probably be decreasing a few categories if I want to finish off my debt by the end of 2020. It’ll slow down some of my long term savings goal but some saving is better than no saving.

I could really do with my family being generous with the Christmas money this year! But that feels unlikely as none of us are in the best position financially. Even £150 would give me breathing room until March which is bonus month at work… which I know sounds like forecasting but I have set up my budget as if I wasn’t going to get any money at Christmas or in March, just in case. It would just be easier if I did get it.

Edit: Other things I forgot to say!

In January I’ll make a new budget sheet on YNAB. I’m waiting until January partly because of the neatness of starting one on 01/01/20 and partly to give me a little more practice w the goals to make sure I understand the software. My subscription went out this weekend so I’m signed up for a year.

I’m also thinking late December/early January I’ll close some of my savings accounts and consolidate the funds, trust YNAB to track how much is in each savings pot. (Well, YNAB and a spreadsheet… but that’s more about my desire to make pretty graphs and seeing the lines rise. I’m no longer budgeting on a spreadsheet, I just make a note of my savings progress on there.) I’m talking about accounts like the annual Pride savings, or Christmas funds. Small ones that never go over £200.


11th November 2019

I’m debating whether to go jump into the Dave Ramsey method in the New Year.

I was sort of accidentally doing it anyway, in that I hadnt heard of him until after I finished his step 1 (build £1000 Emergency fund)

Now I’m essentially trying to so his steps 2 (pay off debts) and 3 (build 3 to 6 month Emergency fund) simultaneously and my money feels… stretched. Like I cant fully dedicate my attention to any one goal.

So maybe I should focus a little, stop building the Emergency fund until I pay off CC debt.

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