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  • FIRST POST
    • Dinah93
    • By Dinah93 15th Jun 16, 10:46 AM
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    Dinah93
    The Ultimate Incentive muddles along
    • #1
    • 15th Jun 16, 10:46 AM
    The Ultimate Incentive muddles along 15th Jun 16 at 10:46 AM
    Part 12. I have now been limping around these forums for the best part of a decade. I cleared it all, it all came back. It was nearly gone again, and it's grown almost to the max again. Somehow nearing that £16k debt figure always signals a change in the winds, something happens to make our finances go in a better direction for a few months, but then we hit a bump, fall off the wagon, down a cliff and into the deep dark sea. As well as a few maternity leaves and redundancy the biggest bump these last few years has been NIMs depression, where we can have no wages coming into the house for months on end, but also no ability to contribute in other ways so that I can work or even so I can do some home based money making.

    While the depression isn't in the best place right now, we are both committed to making it work as best we can, and my diary has always helped me, with the support and chatter of my amazing threadies. So, time to work out where we stand, and fill you in on what we plan to do about it.
    Debt January 1st 2018 £65,773.65
    Debt Feb 1st 2018 £61,909.25
    £3,863.91/5.87% paid off
    Met NIM 23/06/2008
Page 42
    • Dinah93
    • By Dinah93 6th Feb 18, 11:29 AM
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    Dinah93
    That's a shame he won't agree to go, certain things are not to be missed. I know I've taken it too far the other way on occasion, but you never know what's around the corner, I've had two friends my age already pass away through illness or accident and at least if it happened I can say I lived (and sign all the debts into my name, divorce NIM on paper and take them to the grave with me )
    1. Update timetable and descriptions on my website
    2. Submit final assignment
    3. Return extra dino game and parcel in hall
    4. Send info and confirm dates for funded course
    5. Book B's jabs
    6. Write intro course and send to S
    7. Create an event for all new courses
    8. Work out (potentially do?!) pregnancy course assignments
    9. Set up DD to W&G
    Last edited by Dinah93; 16-02-2018 at 4:01 PM.
    Debt January 1st 2018 £65,773.65
    Debt Feb 1st 2018 £61,909.25
    £3,863.91/5.87% paid off
    Met NIM 23/06/2008
    • Cinny91
    • By Cinny91 6th Feb 18, 11:56 AM
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    Cinny91
    My Brother 100% lives by that rule. "I could die tomorrow, I might as well have the cars/holidays/things I want now" and, to give his determination to always be right credit, he did almost randomly die on us Downside of that is his partner would have been left up sh*t creek without a paddle.

    To be fair we're with my BIL in England on his actual birthday so going away for celebrations is possibly overkill. I just want a holiday, it's been 3 years this Summer since we were away for more than a weekend.
    • Dinah93
    • By Dinah93 6th Feb 18, 12:04 PM
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    Dinah93
    Ah okay, for some reason I thought he lived over there.
    Debt January 1st 2018 £65,773.65
    Debt Feb 1st 2018 £61,909.25
    £3,863.91/5.87% paid off
    Met NIM 23/06/2008
    • Cinny91
    • By Cinny91 6th Feb 18, 12:20 PM
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    Cinny91
    Ah okay, for some reason I thought he lived over there.
    Originally posted by Dinah93
    He did! They moved back to England the summer I was pregnant, he got his Visa the Summer after O was born (only remember dates by O's milestones now ) We're hoping to hire one of those big American RV's one Summer and do a road trip when they've started popping out kids of their own so that's something to look forward to!
    • Dinah93
    • By Dinah93 6th Feb 18, 12:29 PM
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    Dinah93
    That sounds brilliant, would love to do that. Mum and dad are buying us a 'big' holiday for this year and next year's Christmas and birthday presents combined, so we're planning to do a mini road trip probably just Miami to Nashville with a few days in various places in between.
    Debt January 1st 2018 £65,773.65
    Debt Feb 1st 2018 £61,909.25
    £3,863.91/5.87% paid off
    Met NIM 23/06/2008
    • kavics17
    • By kavics17 6th Feb 18, 7:55 PM
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    kavics17
    Interesting to read this, I would have done so many things differently in my 20s. Losing Leo when I was 32 made me regret the big trips, instead I would have started a family earlier.That is actually my biggest regret of all.

    I have been thinking about the holiday this year. I think we might do Lake Balaton over the summer and many day trips beforehand and I would like to do a road trip around Poland with Little Kavics to see the amazing places her dad took me and also visit his grave. We didn't go in 2017 so it is time. Not sure whether new guy wants to join us or we just go without him.
    • Cinny91
    • By Cinny91 7th Feb 18, 12:13 PM
    • 5,848 Posts
    • 25,099 Thanks
    Cinny91
    It definitely put things into perspective in a whole new way. After what happened with my Brother we took out life insurance and salary protection. You kind of float through life a little thinking the bad things happen to other people and you're personally untouchable. We're a lot more determined to be in a stable place financially where as before we were 50/50. Getting rid of this loan will open so many doors for us in terms of our home life, need to keep the end game in mind and not get distracted by holidays

    Love the idea of a road trip, Kavics Be nice for you and mini Kavics to have that time alone together if the new guy doesn't go with you. How is she settling recently?
    • kavics17
    • By kavics17 7th Feb 18, 4:19 PM
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    kavics17
    She is much better,thanks. She loves him but still finds it hard to show it to him. There are glimpses though, on Monday night he arrived just after I put her to bed and she excitedly shouted his name to come into her bedroom as she wanted to sing her a new song. She also wakes him up in the mornings with a tickle and a cuddle. We are talking about moving in together in the near future though it still scares me.
    • Dinah93
    • By Dinah93 7th Feb 18, 11:18 PM
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    Dinah93
    Went to view a business premises today, looks really promising, I'm a bit scared to sign into a 2 year lease if I'm honest, it's a big commitment, but if I don't I'm worried that while I play it safe I'm going to loose the lead I have in such a niche, I've seen it happen in my area several times, having a more streamlined timetable, able to put more classes on without working extra hours, able to rent out the space when I'm not using it would be amazing.
    Debt January 1st 2018 £65,773.65
    Debt Feb 1st 2018 £61,909.25
    £3,863.91/5.87% paid off
    Met NIM 23/06/2008
    • wendz86
    • By wendz86 8th Feb 18, 10:20 AM
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    wendz86
    Interesting you should say that Kavics as I do sometimes wonder if I missed out by having Poppy quite young but i figure i can do my holidays etc later. Glad things are going OK with the new man and mini Kavics is getting there with him.

    We are doing a couple of smaller trips this year - Lake District next week and Cornwall in Aug. Girls are going to Spain with their dad to visit their Great Nan too, lucky things!

    Sounds like a big decision Dinah on the business property but i'm sure you will make the right choice.
    Make £100 a month challenge Jan £58.02 Feb £46.18
    • kavics17
    • By kavics17 8th Feb 18, 11:54 AM
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    kavics17
    I don't think you have missed out on anything. I guess the reason I am feeling this way is because I never got to experience the traditional family set up. My chances of having another baby are quite low although I always wanted at least 3. I am 39 this year and quite frankly dead scared of the thought of trying for a baby but not happening. I have accepted that mini Kavics might be an only child but new guy wants to child(ren) of his own too.
    • kavics17
    • By kavics17 8th Feb 18, 11:56 AM
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    kavics17
    Dinah, about the business. What is the likelyhood that you can rent it out when you don't use it? Would sub-letting be even possible? Also what will happen if you can't pay it for 2 years? If business doesn't go very well or if you get injured? Do you have a back up plan?
    • Cinny91
    • By Cinny91 8th Feb 18, 12:18 PM
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    • 25,099 Thanks
    Cinny91
    Be nice for you to have a little down time with the kids away, Wendz OH is taking O away August bank holiday with his parents and I'm thinking of the quiet nights, the house staying clean, being able to just grab my bag and leave the house... mental!

    Be lovely for mini Kavics to have a sibling. But I get the fear, I don't think I'd have the emotional strength (or, tbh, the energy) to actively try for a kid, but there's always just doing away with contraception and seeing what happens. Way less stressful. My Sister is about to start TTC and I'm already getting second hand nerves.

    Is there no negotiation on the lease potentially for 1 year instead of 2, or maybe a break clause? I think it's an area you'll ultimately need to stretch to so it's a case of strike while the iron's hot or wait it out another few months to see how things go. I'd look into sub-letting as a potential income generator if you need to.
    • wendz86
    • By wendz86 8th Feb 18, 2:17 PM
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    wendz86
    haha yes the excitement if all the things i can do without children! I always feel odd when i pop to the shop without them. So much easier!
    Make £100 a month challenge Jan £58.02 Feb £46.18
    • Dinah93
    • By Dinah93 9th Feb 18, 10:11 AM
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    • 45,565 Thanks
    Dinah93
    Sent inquiry over to planning to see if they would support my change of use application on the unit. Dad also thinks he can get me a grant towards it which would be great.

    I'm very aware that if we didn't have our personal debt the business could grow a lot more comfortably.

    My accountant has submitted documents of incorporation, so as of Monday I'll be director of a limited company - seems very grown up!
    Debt January 1st 2018 £65,773.65
    Debt Feb 1st 2018 £61,909.25
    £3,863.91/5.87% paid off
    Met NIM 23/06/2008
    • Dinah93
    • By Dinah93 9th Feb 18, 10:14 AM
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    • 45,565 Thanks
    Dinah93
    The two year lease is the negotiated down version, he was after 3 year minimum (still better than the other places I've seen which were both 5 years). Good thing about being a ltd company though is that if it doesn't work out the lease is to the company not me, I can fold the company and trade under a different name, although I'm not actually too concerned, I haven't even released my places to new students for the next course and I'm already around 75% full. Taking on the studio I could run a few more classes in the same number of hours and the room is a lot bigger so for some classes I could take more students, and I could also sublet to other groups when I'm not using it.
    Debt January 1st 2018 £65,773.65
    Debt Feb 1st 2018 £61,909.25
    £3,863.91/5.87% paid off
    Met NIM 23/06/2008
    • Dinah93
    • By Dinah93 9th Feb 18, 10:22 AM
    • 11,286 Posts
    • 45,565 Thanks
    Dinah93
    Today's must to list:
    • Create event for all upcoming courses on facebook
    • Create new pregnancy yoga course
    • Pregnancy Yoga Homework
    • See if I can set up co-op online banking and transfer money out
    • Put up Sunday night, Tuesday morning, Tuesday evening videos
    Last edited by Dinah93; 09-02-2018 at 10:41 AM.
    Debt January 1st 2018 £65,773.65
    Debt Feb 1st 2018 £61,909.25
    £3,863.91/5.87% paid off
    Met NIM 23/06/2008
    • Dinah93
    • By Dinah93 9th Feb 18, 10:45 AM
    • 11,286 Posts
    • 45,565 Thanks
    Dinah93
    Okay, lighter note, what habits do you have that you wish you could quit to save the money but just can't break? For me it's diet coke, I probably spend around £25 a month on diet coke, but if I don't have it I genuinely can't stay awake all day, I loose at least 2 hours to afternoon naps and early bedtimes, I don't drink coffee though. I've made it 2 weeks before thinking I'd become less tired without my crutch but it doesn't let up so I go back on it to get the time back!
    Debt January 1st 2018 £65,773.65
    Debt Feb 1st 2018 £61,909.25
    £3,863.91/5.87% paid off
    Met NIM 23/06/2008
    • roomontheend
    • By roomontheend 11th Feb 18, 3:25 PM
    • 421 Posts
    • 1,677 Thanks
    roomontheend
    Dinah we are all traveling to the same destination, the land of DFD. It!!!8217;s just some of us have a longer road to travel. Mine has taken a long time as I had a few diversions to deal with along the way. So I am still half way through my journey. I started at £54+ and I am planning on getting through the second half faster than the first. You have helped me more than you know. I remember when Nim wasn!!!8217;t even called Nim and there was no Pink and Blue, and your life on this journey had just began. You have come so far and you can do this again. You are an inspiration x

    So pleased that your little pink person is on the mind.
    Total debt Feb 2012 = £54354.11
    Paid = £22641.01 Current = £31713.10

    Paid = £28360.07 Current = £25994.04
    • kavics17
    • By kavics17 11th Feb 18, 4:01 PM
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    kavics17
    I quit diet coke when I got pregnant with mini Kavics, just could't look at the thing anymore. I drunk up to 4 coffees a day till August than weened myself off. I now drink one in the morning and if I feel very tired than I have one during the day. That happens twice a week only. I had horrendous headache for 2 weeks and also my energy level was really low but slowly it started to get better. I feel much better now.
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