Feels like ages since I’ve talked about budgeting, and for a reason… with excess spend on frivolities, a loan to pay off two credit cards one of which I didn’t close and am steadily filling back up, an expensive honeymoon (which I barely contributed towards) back in October 2016 and the increased cost of US-based services since the Brexit vote, it’s obvious I’ve had my head firmly planted in the sand. Or up my arse, if you like.
But I have a problem. And not just the problem of big scary debt which I promised myself I’d never get hooked into: the problem of a mortgage deal that ends in just over 12 months time and only self-employment income to prove my ability to buy or re-negotiate. If I have extra debt when it comes to sorting out a new deal, nobody is going to touch me. All of my mortgage over-payments will have been for nothing.
So I have a year. A year to do all the things I’ve blogged about doing a million times: reducing outgoings, making my projects successful (or closing them down) and putting any ‘side’ income straight into debt reduction.
And as that won’t be enough on its own, I have no choice but to go back to full scale frugality as per maternity leave income levels: meal planning, £20 a week shops, turning the heating down to 19 degrees and putting on an extra jumper… the kind of money saving stuff I used to do as par for the course.
I know I can do this, I’ve done it before. So why does it seem the most daunting of all my plans and goals for the year?