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  • FIRST POST
    • Bobarella
    • By Bobarella 25th Jul 16, 7:16 PM
    • 10,454Posts
    • 69,667Thanks
    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.
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
Page 97
    • Suffolk lass
    • By Suffolk lass 28th Aug 17, 1:54 PM
    • 1,556 Posts
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    Suffolk lass
    Hi Bob,

    I know what you mean about a support. I don't talk to my husband about the big things that bother me because he has his own pressures and my anger/frustration used to make him look like a rabbit in the headlights. Over the years I have had two or three work-based friends and we used to do a bit of mutual venting, getting it off our chests to each other. I had a mentor for a while as well - no answers, just lots of "why" questions and "have you considered...?" questions so I sorted it out myself. Maybe your local chamber of commerce has something similar?
    MFiT T4 #2 update 42.67% after Q7 £5,465 behind where I should be
    Save £12k in 2017 #64 - £9,260.94 saved (84.19%) after October - my annual target is £11,000
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    My DFD is http://forums.moneysavingexpert.com/showthread.php?t=5593594
    • Purplemumof2
    • By Purplemumof2 1st Sep 17, 4:11 PM
    • 5,243 Posts
    • 18,375 Thanks
    Purplemumof2
    Hi Bob,

    Been AWOL a bit due to the holidays, thought I'd pop in and say hello

    Hope you, Mr Bob and the Bobettes are ok?? Xx
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
    MBNA: £7100.00 Cap 1: £533.40 BC: £5090.00

    AFD 0/10 NSD 0/10 LTW 0/10

    20p Savers 2017 £2 Savers 2017 50p Savers 2017 SPC 11 2018 #003
    • Seasidegal58
    • By Seasidegal58 6th Sep 17, 10:07 PM
    • 1,084 Posts
    • 5,923 Thanks
    Seasidegal58
    Hi Bob. I've just caught up with your diary after being AWOL and was so sorry to read of the difficulties you have been having. I really can't think of anything useful to add to all the wonderful comments that your virtual friends have posted. This shouldn't be happening to such a lovely thoughtful person who always has such positive helpful comments for others on the site. I do hope things improve and you will be back soon.



    SSG x
    Finally Debt Free! - July 2016
    Finished Emergency Fund- £10,000 April 2017

    Next Scrimpy Goal - Save for New Kitchen!
    My debt free diary - " Paid off the £31,000 - BUT still scrimping!"
    • kirtsypoos
    • By kirtsypoos 7th Sep 17, 11:35 AM
    • 3,037 Posts
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    kirtsypoos
    I'm just here to saw I'm echoing everyone else and hope that everything is ok for you Bob, we miss you! x
    £250/3000 OH BC(91.66% PAID)
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    • crazy_cat_lady
    • By crazy_cat_lady 10th Sep 17, 9:00 AM
    • 3,369 Posts
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    crazy_cat_lady
    Thinking of you Bob and how you and the family are getting on.
    NSTSeptember #32 NSD 8/18 RYSAW17 #1 £1313.42 20p Savers #88 £1 a day for Xmas # DFD 6 Nov 15 - paid £28,447
    • NoOneAround
    • By NoOneAround 19th Sep 17, 2:25 PM
    • 1,597 Posts
    • 7,651 Thanks
    NoOneAround
    Just popping in to say Hi - Hope things have been better and that all is well?
    NOA
    x
    Feb2014 Total unsecured debt £72,520>>01/06/16 £68166>01/04/17 £66,996=7.62%PAID
    Mortgage Jan14=209,800 Jan15=£200,300 Jan17£180,700>OCT17 £173,200
    Health/Fitness Challenges Priority#1 Stay Fit and healthy - whatever it takes
    Wombling Free Cash May2016 £51
    • Hiddenidenity
    • By Hiddenidenity 20th Sep 17, 6:52 PM
    • 4,230 Posts
    • 26,372 Thanks
    Hiddenidenity
    Hope things have improved Bob x
    • UncannyScot
    • By UncannyScot 20th Sep 17, 7:09 PM
    • 723 Posts
    • 4,327 Thanks
    UncannyScot
    Hey Bob
    Hoping you're alright bud
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
    • Bobarella
    • By Bobarella 20th Sep 17, 7:20 PM
    • 10,454 Posts
    • 69,667 Thanks
    Bobarella
    Hi Guys

    Thanks for checking in, I hope everyone is doing well.

    So, one thing that is ongoing and may be a very good turn of events is, I was cold called the other week by a company of surveyors. They started into an obvious script all about why I should allow them to come and do a no fee look at my place with the view to getting the rates reduced. I was very tempted to just say no and put the phone down, considering I have already appealed my rates and been told they were not going to go down massively. And had my hardship relief request rejected too.

    Anyway I thought, what the heck. They come out, look at your place and if they can get it under the current threshold for exemption they will.

    They came out a fortnight ago and within about 2 minutes of being in there the surveyor had found an obvious error, which I wouldnt have ever thought of myself. This gave him the confidence that should we appeal again they could kick the rate under the £12,000 rates mark.

    Anyway, they have to do it all through the government gateway, so its all transparent for both parties. If they got a yes to their appeal on the portal, then they would send someone out to do a formal survey, at a cost of £795, plus you have to pay them 10% of any rebate on rates you have already paid that year. But, and this is golden, you are then exempt from rates for 5 years! this means I'd be saving around £200 a month for every month in that period.

    I have still got a couple of hoops to jump through before I actually believe this is going to happen. But it is still a bit of hope after a very rough time.

    Overall, things are difficult. We haven't made the ends meet since June. That's 4 months of very difficult times.

    I had a thing today that is another of the too good to be true variety, I think Im very jaded about the possibility of things making a sudden turn for the better. But we'll see.

    My husband and I have pretty much decided that he would take a week off work via holiday if I am able to get some temp work so we dont then loose all the money on childcare.

    If I can get something then that might be enough to try and halt the trouble we are falling into each month.

    Fingers crossed!

    Bob
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
    • paj1193
    • By paj1193 20th Sep 17, 7:47 PM
    • 4 Posts
    • 11 Thanks
    paj1193
    Good luck and I hope to see a post in the near future about your successes
    • apple muncher
    • By apple muncher 20th Sep 17, 8:20 PM
    • 6,536 Posts
    • 47,820 Thanks
    apple muncher
    Thank you for sharing your news bob. I have everything crossed for you x
    NST November #; NSD 10/17; Ex 9/12; craft 19/30 (247); remove 601
    2017 MFW#63 Pay off: £3484/£4050; 2
    017 sell 174

    Mortgage £23,486 (01/14: £78,201; 01/15: £59,629; 01/16: 39,915; 01/17: 27,295) MFWDate Dec 2018
    • f0xh0les
    • By f0xh0les 20th Sep 17, 8:51 PM
    • 1,037 Posts
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    f0xh0les
    Glad you are back, missed you.
    MFW May 16 £118,340
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    • Hiddenidenity
    • By Hiddenidenity 20th Sep 17, 9:04 PM
    • 4,230 Posts
    • 26,372 Thanks
    Hiddenidenity
    Glad you are back, missed you.
    Originally posted by f0xh0les
    Me too!!

    Fingers crossed all that looks good on the horizon comes off and you are back to life being slightly easier as soon as possible!

    x
    • UncannyScot
    • By UncannyScot 20th Sep 17, 9:09 PM
    • 723 Posts
    • 4,327 Thanks
    UncannyScot
    Good positive vibes Bob
    Glad your back, missed ya
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
    • Purplemumof2
    • By Purplemumof2 21st Sep 17, 5:18 AM
    • 5,243 Posts
    • 18,375 Thanks
    Purplemumof2
    Morning Bob,

    Sounds like things may be turning a corner, I have everything crossed that the surveyors get the rates reduced.

    Lovely to see your post xx
    Official DFW Nerd Club - Member no. 791 - Proud to be dealing with my debts
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    • parsniphead
    • By parsniphead 21st Sep 17, 5:25 AM
    • 2,239 Posts
    • 14,230 Thanks
    parsniphead
    Fingers crossed Bob. I hope this goes the way you want.
    My August to Christmas challenge:.
    Pay off £2500 debt - £1088/2500 43.52%
    Completely declutter the house by Christmas day...all of it.

    Nothing gets better until you get better.
    • kirtsypoos
    • By kirtsypoos 21st Sep 17, 11:30 AM
    • 3,037 Posts
    • 13,542 Thanks
    kirtsypoos
    The rates thing sounds amazing, everything crossed that it comes off for you, you really do deserve a break! x
    £250/3000 OH BC(91.66% PAID)
    PAID VERY, Barclaycard x2, Vanquis, Natwest, O/D, Tesco & MBNA x2 PAID LBM 24/07/15 - Debt: £250/31010.23 (99.19% paid)
    Mortgage - £161,000.00 (2017 O/P £2221.94) PAYDBX 17 #006 - £17,409.18/14,539.71
    • enthusiasticsaver
    • By enthusiasticsaver 21st Sep 17, 1:38 PM
    • 4,674 Posts
    • 8,840 Thanks
    enthusiasticsaver
    Just caught up on your diary Bob and really sorry you are having a tough time particularly with a little one to look after. Self employment is a minefield I was never brave enough to embark on. You are so dependent on other people doing what they say they will do and as we know they often don't come through. I hope at least you manage to get your rates bill reduced and your cash flow improves somewhat.

    Does your local council have a self employed traders committee or group or something where you could put out feelers to share experiences/contacts etc?

    As you say it is difficult to call time on it and try to go for working for someone else until you know the business is completely dead. The ups and downs must be completely frustrating. Perhaps it might be easier when your daughter has some paid nursery hours so you could have some back up employment to your business?
    4 weeks to go until early retirement in December . Debt free and mortgage free.

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • Bobarella
    • By Bobarella 21st Sep 17, 2:31 PM
    • 10,454 Posts
    • 69,667 Thanks
    Bobarella
    Just caught up on your diary Bob and really sorry you are having a tough time particularly with a little one to look after. Self employment is a minefield I was never brave enough to embark on. You are so dependent on other people doing what they say they will do and as we know they often don't come through. I hope at least you manage to get your rates bill reduced and your cash flow improves somewhat.

    Does your local council have a self employed traders committee or group or something where you could put out feelers to share experiences/contacts etc?

    As you say it is difficult to call time on it and try to go for working for someone else until you know the business is completely dead. The ups and downs must be completely frustrating. Perhaps it might be easier when your daughter has some paid nursery hours so you could have some back up employment to your business?
    Originally posted by enthusiasticsaver
    Hello ES

    Thanks for your post.

    I have been ramping it up on the networking front lately to meet others in a similar boat, not sure if the council do much to be honest.

    The issue I have is I wont get a second go, so there is no good trying to do it all again when I do get any nursery hours. Its a now or never situation for this particular business. Because I spent a fortune doing it up in the first place. If I cant afford to keep it, the keys go back to the landlord and I walk away with nothing but experience, and a few extra wrinkles.... that is why it is doubly hard, because I either keep going or stop and say enoughs enough, and really Im the only one who knows if I should do that. And I dont!

    Undoubtably things would be a million percent easier if I did have some child care, but I cant hide behind that as the reason it didn't work if it wont. It is the business itself.

    And on that note whizzing off on the school run!

    Take care

    Bob
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
    • mummytogirls
    • By mummytogirls 21st Sep 17, 4:38 PM
    • 5,545 Posts
    • 17,968 Thanks
    mummytogirls
    Oh Bob, I really hope things pick up soon for you. Fingers crossed on the rates, that will be a step in the right direction xx
    Mummytogirls x

    £23164.32 - 12/12/10
    £6936.45 - 04/09/17 - 70.99% paid off
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