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  • FIRST POST
    • Bobarella
    • By Bobarella 25th Jul 16, 7:16 PM
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    Bobarella
    Budget Wars - A New Hope (with apologies to George Lucas)
    • #1
    • 25th Jul 16, 7:16 PM
    Budget Wars - A New Hope (with apologies to George Lucas) 25th Jul 16 at 7:16 PM
    A New Hope is a very fitting title for my first ever DFW diary. For the first time in around 18 months I really have hope. I am one of those people who has always seen September as the start of the year. Because of back to school I suppose. And this year is the first September I can honestly say I am 100% looking forward to in years.

    My situation is complicated but to simplify, I took the enormous step to not only become self employed but to sell my family home to finance my new business in 2011. I turned my back on a very well paid career to go out on my own.
    In that period I have had many challenges. Gone to hell and back owing wages and HMRC. Dont worry the wages were paid back long ago as quickly as I could. And I repaid HMRC.
    The stress of being responsible for other peoples lives is intense if you've never been there. At my lowest point I deactivated my voicemail to avoid the energy company being able to contact me.

    At one point I owed around £40,000 all business related. Primarily on a loan, but some CC.

    Time and again I bashed my head against my mental bars and wondered if I could physically carry on. But I did. Through hell and high waters. Quite literally in fact....

    This last year has not been easy. I worked as the sole employee of my business during my entire pregnancy with DD and went into labour whilst still at work. When my baby was 4 months old I got seriously ill and spent a week in hospital. My lovely FIL was diognosed with the big C 2 months ago. And life has wobbled along precariously as always.

    The reason for my new hope is I finally made a big decision. To stop the business I am running & build another. It wont be easy but it will get me out of the hole I am in & allow me to take on paid employment around the new business. I have 4 days left of my old situation and then good night vienna!

    I love MSE. It and the people of it have been such a comfort. And now I am hoping to use this diary as a place for me to record my baby steps towards a life less stressful, adrenaline filled & chaotic.

    Bob
    Last edited by Bobarella; 25-07-2016 at 7:34 PM.
    £800 to pay =70% repaid
    RR 2016 #2 December £0.17 2016-£55.16 2015- £84.20)
    Wombling Free 2016#5 £2,227.06 2015 £1027.20
    NST December
    PAYDBX #7 £1890.53/£2,700 (70%)
Page 18
    • Bobarella
    • By Bobarella 17th Oct 16, 9:41 AM
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    Bobarella
    Morning All

    So after my cheerful streak the other day I am feeling somewhat flat again. Nothing dire but it's the last week before our money cycle starts again and things are very tight.

    We have a bill of £56 going out 1 day before payday. It's always a huge pain tbh. Looking at our account today we only have around that now. So not very realistic to think we can last another week and spend zero.

    We did quite a big shop yesterday so I won't need to go today. Just as well with DS off too. Pester power etc.

    Huge pain is there is an envelope somewhere between our postbox and the bank containing £55. But it was posted a week ago on Friday and cheques never take more than around 3 days to clear usually.So something has happened. The bank asked me to find out if the funds have been taken at the issuing banks so I have to investigate that. I am going to give it till tommorow and wait and then swing into action. They might just be stuck somewhere.

    On the good side I have a small booking this week that will pay me £40 hopefully cash. Then another booking that was going to be £100 but now looks like being £75.
    I have £50 left in the business account.

    Next week I have a guaranteed £100 plus between £150 and £250 coming for a party.

    I need £80 for the remainder of my business bills this month, plus whatever the electric comes to.

    If you haven't fallen asleep yet you will probably see why I struggle even though I am making money. Having just paid all the big shop bills it means the account is empty at just the time we start to run empty. It's like riding two horses!!

    I think I should have enough in the business purse to transfer the bill money we will need for next Monday. Then we will get our tenants rent on the 25th, and the business pot will have the £200 to £350 in it by end of the 30th.

    This is why I find making headway with the repayments hard. I never seem to have enough critical mass in the business account to be able to pay a useful lump sum to us. So far this month I have paid across £150 and paid for various bits of our food shopping by adding it on when I buy stuff for events. Ideally we need me to put £500 in. So bit of a gap.

    A long ramble this morning but very useful mentally. Don't worry I'm fine!

    Bob
    Last edited by Bobarella; 17-10-2016 at 9:54 AM.
    £800 to pay =70% repaid
    RR 2016 #2 December £0.17 2016-£55.16 2015- £84.20)
    Wombling Free 2016#5 £2,227.06 2015 £1027.20
    NST December
    PAYDBX #7 £1890.53/£2,700 (70%)
    • hugglemonster
    • By hugglemonster 17th Oct 16, 10:57 AM
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    hugglemonster
    I hope everything works out and all the cash payments happen and you find out where the cheques are, is it possible to change the date of your bill due day it might be a bit late this month but for next month onwards?

    I have just done that for our car payment, we had several bills going out on the same day which left us short for food money. It included the mortgage so was about £1000 going out in one day!!

    It's sounds like to is hard to get ahead of yourself, is it possible to build up a float at all for the business account even if it's a little at a time. I'm pretty sure you've already looked at this :-)

    Hope you have a good day, H x
    Debt:
    Computer £646.52 - now £360
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    • Bobarella
    • By Bobarella 17th Oct 16, 3:39 PM
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    Bobarella
    Thanks Huggle I keep meaning to with the gas and electricity. One day would make all the difference. I think the reason I haven't is because it would make things harder for one month. As we'd end up paying one bill twice in a billing period.

    I do need to build up a buffer on both sides of the tracks. The business has been a hard nut to crack as cash comes in a piecemeal manner and it seems I always need just the amount I have. It should get better now with things picking up.
    If all the enquiries counted for cash I'd be laughing.
    £800 to pay =70% repaid
    RR 2016 #2 December £0.17 2016-£55.16 2015- £84.20)
    Wombling Free 2016#5 £2,227.06 2015 £1027.20
    NST December
    PAYDBX #7 £1890.53/£2,700 (70%)
    • Tete en l'Air
    • By Tete en l'Air 18th Oct 16, 7:55 AM
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    Tete en l'Air
    Hi Bob, I'm afraid I haven't read the full 18 pages but I have read the first post and the last few and wish you well. It must be hard work having money coming in in drips and drabs but it's better than nothing at all. You said in your first post about taking paid work alongside your new business - have you managed to find something?
    Get Slinky for Santa Challenge: 3/11 (7/40 in total)
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    My 'Life Begins at 35' diary *click*
    • Bobarella
    • By Bobarella 18th Oct 16, 8:24 AM
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    Bobarella
    Hi Bob, I'm afraid I haven't read the full 18 pages but I have read the first post and the last few and wish you well. It must be hard work having money coming in in drips and drabs but it's better than nothing at all. You said in your first post about taking paid work alongside your new business - have you managed to find something?
    Originally posted by Tete en l'Air
    How kind of you to pop over. Don't blame you for skipping the ramble

    I did find a part time job but it was pretty rough ( washing up for 6 hours solid, peeling 20kg of potatoes by hand) you get the picture. Since then we have been managing on what I bring in plus eBay sales. Because my business is so changeable and I need to either be available to do evening meetings and views or events themselves like this Thursday, I am a bit at a loss about taking on fixed hours elsewhere. I have to remember that my main business is the reason I'm doing all the other stuff if that makes sense.
    Cash flow projections for Nov and Dec look good so I am going to have a bit of faith
    £800 to pay =70% repaid
    RR 2016 #2 December £0.17 2016-£55.16 2015- £84.20)
    Wombling Free 2016#5 £2,227.06 2015 £1027.20
    NST December
    PAYDBX #7 £1890.53/£2,700 (70%)
    • Bobarella
    • By Bobarella 18th Oct 16, 8:29 AM
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    Bobarella
    Morning All

    Today I will be attempting to get me and the 2 kids to the dentist so I and my son can have a check up. The tricky bit is the surgery is on the 2nd floor up some very steep steps and they have no lift. So I won't be able to use the buggy. Anyone fancy taking a wriggly 1 year old in a sling and trying to keep her from running around the room and pulling everything out whilst I attempt to sit in the dentist's chair? No me neither but I will let you know how that works out
    At least it's free or near enough.

    Back later

    Bob
    £800 to pay =70% repaid
    RR 2016 #2 December £0.17 2016-£55.16 2015- £84.20)
    Wombling Free 2016#5 £2,227.06 2015 £1027.20
    NST December
    PAYDBX #7 £1890.53/£2,700 (70%)
    • hugglemonster
    • By hugglemonster 18th Oct 16, 6:52 PM
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    hugglemonster
    How did the trip to the dentist go? I'm sure there must be regulation regarding access for elderly people, wheelchair users etc. to make access possible for all. I remember when I first moved to the town I live in, there is an opticians on the High Street which had a heavy sliding door as it's entrance, even I struggle to open it so I could imagine that others did too!


    Glad Nov/Dec is looking bright for you.


    H x
    Debt:
    Computer £646.52 - now £360
    Overdraft 1 £2200 Overdraft 2 £1200 Credit card £2200
    • Purplemumof2
    • By Purplemumof2 18th Oct 16, 7:48 PM
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    Purplemumof2
    Hope the dentist went ok, without too many antics.

    Money outlook for Nov/Dec looks great.
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
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    • f0xh0les
    • By f0xh0les 18th Oct 16, 8:49 PM
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    f0xh0les
    I had to have a filling done with a 1yr old and a 3 yr old in tow. I came up with the idea that if I bought a packet of starburst, it would take the 3 yr old about the right amount of time to unwrap one for his brother and one for him, by which time his brother would need another one unwrapped, and I would have the work finished. The dentist was not pleased about the kids eating sweets, but it also kept them in one place and I did not have to keep jumping up and dragging them back into the room.

    Some people just can't get their heads around you having to do everything with the smalls with you. I remember a nurse once saying 'couldn't you leave them somewhere?' I did suggest the carpark really wasn't the place to leave unattended children, then I got 'the look' and 'the sigh' combination.
    MFW May 16 £118,340 Aug£117,1 Sept£116,7 Oct£116,Nov£115,548 SPC #59 Wombling Free Very Special Agent #21 Competition wins..A fire steel! TShirt/ Return trip Car +2 to Ireland Free Amazon vouchers £60 YouGov 3.75p (£50 Mar/£50 Nov) Tesco £15.00 H&B £2.00 NO DEBT EXCEPT MORTGAGE
    • Purplemumof2
    • By Purplemumof2 18th Oct 16, 9:18 PM
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    Purplemumof2
    I had to have a filling done with a 1yr old and a 3 yr old in tow. I came up with the idea that if I bought a packet of starburst, it would take the 3 yr old about the right amount of time to unwrap one for his brother and one for him, by which time his brother would need another one unwrapped, and I would have the work finished. The dentist was not pleased about the kids eating sweets, but it also kept them in one place and I did not have to keep jumping up and dragging them back into the room.

    Some people just can't get their heads around you having to do everything with the smalls with you. I remember a nurse once saying 'couldn't you leave them somewhere?' I did suggest the carpark really wasn't the place to leave unattended children, then I got 'the look' and 'the sigh' combination.
    Originally posted by f0xh0les

    I'd have done that too.

    to the leaving the children in the car park, I'd have said that too
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
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    • Bobarella
    • By Bobarella 18th Oct 16, 10:08 PM
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    Bobarella
    Thanks guys. In the end I did take the buggy. I took both kids up to the waiting room checked us in then went back down for the buggy.

    Huggle they have what can only be described as a stannah stairlift affair which is flat to the wall with a big sign saying 'need help getting up stairs? Ask at reception' but as it didn't look like the sort of thing you could put a buggy on I didn't bother.

    Foxholes yes it's not great having to take children to appointments you'd rather they didn't come to. Good for you coming up with an innovative way of dealing with a tricky situation. Anyone who hasn't dealt with a lack of support network wouldn't understand.
    £800 to pay =70% repaid
    RR 2016 #2 December £0.17 2016-£55.16 2015- £84.20)
    Wombling Free 2016#5 £2,227.06 2015 £1027.20
    NST December
    PAYDBX #7 £1890.53/£2,700 (70%)
    • apple muncher
    • By apple muncher 19th Oct 16, 7:41 AM
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    apple muncher
    Dd has insisted on coming to the dr with me recently, when I am discussing things I do not want her to hear. So she wears dh's ear defenders and sits with her back to me!
    NST Dec #15; NSD 1; 2016 Pay off: £3201/£3980 (80.4%)
    2016 sell 386.75/1000

    Mortgage £33,979 (01/14: £78,201; 01/15: £59,629; 01/16 39,915) MFWDate Dec 2018
    • Bobarella
    • By Bobarella 19th Oct 16, 8:16 AM
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    Bobarella
    Dd has insisted on coming to the dr with me recently, when I am discussing things I do not want her to hear. So she wears dh's ear defenders and sits with her back to me!
    Originally posted by apple muncher
    Bless her Apple she sounds such a caring daughter.Great idea with the ear defenders as well. Possibly hard for you to feel like you can't have your privacy. But I'm sure its not the worst example of that as you will well know. Trying to go to the bathroom with a small person clinging onto your leg about to fall over or pull all the toilet roll off before you can catch them has to be worse
    £800 to pay =70% repaid
    RR 2016 #2 December £0.17 2016-£55.16 2015- £84.20)
    Wombling Free 2016#5 £2,227.06 2015 £1027.20
    NST December
    PAYDBX #7 £1890.53/£2,700 (70%)
    • Bobarella
    • By Bobarella 19th Oct 16, 8:26 AM
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    Bobarella
    Good morning All

    Have to rally the troops very soon as we need to leave by 9. Have someone using the space this morning so need to let them in.

    We have arranged a play date for my son so once we've done the let in we can go and do that.

    I'm really hoping to get cash today...

    Have been using up leftovers from Sundays roast chicken meal the last two nights. Monday I did a chicken and roasted veg bake with salad. Last night I boiled the carcass for stock and to get all the little bits of chicken off, then I added the remaining chicken, plus leftover potatoes. Added a bowl of instant noodles that hadn't been eaten up and some fresh veg. And a bit of curry powder. I served it with mash. Yum!
    Anyway the fridge is now very bare. Need to think of something for tea. Don't want to give my son pasta again.

    Have one date in December that I now have 1 booking and two enquiries for. It's weird how dates go like that. Some you could sell thrice over and others.....like the grave...

    Bye

    Bob
    £800 to pay =70% repaid
    RR 2016 #2 December £0.17 2016-£55.16 2015- £84.20)
    Wombling Free 2016#5 £2,227.06 2015 £1027.20
    NST December
    PAYDBX #7 £1890.53/£2,700 (70%)
    • Bobarella
    • By Bobarella 19th Oct 16, 4:08 PM
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    Bobarella
    Hey

    Mid day slump setting in. Play date done. Walked over and back so thats 90 mins walking as well as time in the park. Healthy.

    Picked up the cash from today's event.

    On our way back we stopped into the supermarket and bought pizza and oven chips. And Marmite! I used £5 in nectar points so only had to part with £5 of precious cash. I got an extra pizza as they were just £1 each so that will do another night of meals for OH and I.

    I can't say why in case it's being read but some cash I was expecting has now been reduced. Not happy but in the interests of long term relationships I have to suck it up. It does mean I will be working for free basically. But again it could have long term benefits so have to be positive.

    I have had another enquiry today that sounded fairly keen. Fingers crossed.

    Bob
    £800 to pay =70% repaid
    RR 2016 #2 December £0.17 2016-£55.16 2015- £84.20)
    Wombling Free 2016#5 £2,227.06 2015 £1027.20
    NST December
    PAYDBX #7 £1890.53/£2,700 (70%)
    • hugglemonster
    • By hugglemonster 19th Oct 16, 11:06 PM
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    • 402 Thanks
    hugglemonster
    Another busy day in the Bobarella household, great you are get the bookings but how annoying to get less than you thought. I hope the future long term relations bear fruit in your favour.


    Food purchases were good £1 for a pizza can't be beaten!


    Have a good day tomorrow, H x
    Debt:
    Computer £646.52 - now £360
    Overdraft 1 £2200 Overdraft 2 £1200 Credit card £2200
    • Bobarella
    • By Bobarella 21st Oct 16, 12:14 AM
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    Bobarella
    Thanks Huggle

    Very late/early post from me but I don't have to rush out in the morning.

    Survived the event tonight. Lots of good feedback.

    A black cloud appeared in my inbox the moment I walked in however so I need to look into that tommorow. Always something!

    Going to hit the hay.

    Bob
    £800 to pay =70% repaid
    RR 2016 #2 December £0.17 2016-£55.16 2015- £84.20)
    Wombling Free 2016#5 £2,227.06 2015 £1027.20
    NST December
    PAYDBX #7 £1890.53/£2,700 (70%)
    • debtaghh
    • By debtaghh 21st Oct 16, 5:46 AM
    • 431 Posts
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    debtaghh
    Hi,

    I've just read your whole diary and want to say that you are a true inspiration. It sounds like you are willing to give anything a go and it sounds like your businesss is going the right direction.
    Capital one balance to clear by 31st December 2016 £845/£1400

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    • kirtsypoos
    • By kirtsypoos 21st Oct 16, 9:23 AM
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    kirtsypoos
    Hope black cloud not too terrible Bob

    Excellent news about good feedback - all in the right direction for you
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    • Bobarella
    • By Bobarella 21st Oct 16, 7:55 PM
    • 7,966 Posts
    • 51,195 Thanks
    Bobarella
    Hi,

    I've just read your whole diary and want to say that you are a true inspiration. It sounds like you are willing to give anything a go and it sounds like your businesss is going the right direction.
    Originally posted by debtaghh
    Thank you Deb how kind of you. I really appreciate your encouragement.
    £800 to pay =70% repaid
    RR 2016 #2 December £0.17 2016-£55.16 2015- £84.20)
    Wombling Free 2016#5 £2,227.06 2015 £1027.20
    NST December
    PAYDBX #7 £1890.53/£2,700 (70%)
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