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  • FIRST POST
    • in need of direction
    • By in need of direction 20th Apr 17, 3:59 PM
    • 4,737Posts
    • 26,817Thanks
    in need of direction
    A whole new world, for now
    • #1
    • 20th Apr 17, 3:59 PM
    A whole new world, for now 20th Apr 17 at 3:59 PM
    So, hereís the new thread Iíve been promising myself for a few months. My old one, that served me so well, is http://forums.moneysavingexpert.com/showthread.php?t=4855808

    A potted history of me. Iím 49, live in NI with OH, DD and dog and DS is London based.
    Have been in debt for a lot of my life and came here post personal debt but with the aim to clear my mortgage. I believe DFD to be the right place for me as a lot of whatís outstanding on the mortgage related to consolidation of other debts. The rates were lower and I just didnít consider the payback period.
    Having been a wage slave for some 30 years, I recently jacked in my well paid and secure job for a number of reasons. While I love what I do, I hated the environment in which I did it. I regularly travelled 6 hours a day, on my own time and had to ask others to do likewise. That was the downside about caring for my clients. While I continued, and got others, to deliver at the expense of my home life, my health and my finances, the firm continued to let me. I decided that Iíd sooner have some self respect than stay there. We also had an unexpected and untimely family bereavement last year which sparked the whole ďlifeís too shortĒ train of thought. The downside is this is the first time since I was 17 that I donít have an income and itís a big adjustment.
    To address this, Iíve decided to go the self employed route, for now (hence the title). One problem though is timing. We have booked a holiday in May for OHís big birthday and Iíve decided that is set in stone. We will be travelling half way round the world for two weeks to initially see pandas and then the delights of Tokyo. Weíve only been together just over 10 years so this is really our first landmark birthday to be properly celebrated, we were still bedding in last big date.
    So, work wise, Iíve created my website, taken out a separate mobile contract and opened a business bank account. Iíve also registered with HMRC to keep things tidy.
    Otherwise, since being unemployed, Iíve had a parking ticket refunded, gained a free overnight stay following a complaint to a hotel that disappointed and have signed up for a new loyalty card for my local Co-Op. I also switched to a cheaper mobile service and got my boiler serviced which restored the hot water! First world pleasure that is so easy to overlook. I've donated two bikes to a local charity, done a number of strolls to offload donations to charity shop, claimed topcashback, £20 from PA, £5 swagbucks voucher and am trying to declutter. My last car went with the job so I realised what a paucity of local shops there in despite being only 15 mins by bus from the city centre.
    The lack of car was proving to be an issue for family and other reasons so today we get a PCH car delivered that we have committed to for 4 years. This takes us into the realm of needing to use the mortgage off set savings to fund expenses. It also gives me a minimum level of income to achieve as eating into savings bothers me.
    So, whatís the plan?
    I lodged £2000 in my business bank account at the start of March and most of it is still there. By September, Iíd like to have this repaid to either the savings or the mortgage or to have secured an income stream that will enable that to happen shortly thereafter. Iíd also like a £1k buffer in the business account to make sure that I can take advantage of opportunities as they arise.
    I have applied for a few part time consultancy type posts, been unsuccessful at interview for the first, but will actively seek out these opportunities. Iíve provided associates with my contact details but come June, I will start more actively promoting myself. Iíve sought input from my LA business support services but to little avail so far. Iíve attended a few courses and networking events and will continue with these to keep some kind of a profile and, post holiday, will be creating an event that will hopefully income generate and/or build profile.
    I will continue to seek out vouchers and deals and will try to live cheaply but donít feel I can ask this of the others in the house as giving up the job was down to me. I will also get rid of extraneous items, for cash where possible.
    What I can see is that despite living semi frugally, or so I believed, we wasted A LOT!
    Today my outstanding mortgage is £83,478.58. By 31 Dec, based on just making standard payments, this will be £78,900. My target is for this to be £75,000.
    Today my available off set pot is £3,415.43. By 31 Dec, Iíd like this to be at £5,500.
    The truth is Iíd like the first figure to be a lot lower and the second to be a lot higher but I need to start somewhere.
    We still have our emergency fund intact and hopefully enough in the current account to address our living expenses shortfall at least to the year end. Spends for the holiday are ringfenced with any left overs going on extras for all.
    I have to confess to having what Iíve heard described as an internal Verucca Salt! When I want it, I want it now. I need to learn some restraint both in terms of shopping and also sugar consumption. Itís weird but one thing |I really struggle with is what to have for lunch.
    Anyhow, now that the car is here, Iím off to the dry cleaners and to pick up some groceries as I have a £5 voucher off a £25 shop. I may also buy a new toilet brush!
    Today I am grateful for
    The support I have consistently received from here

    Company from the dog

    E Mail
    Mortgage at 01.01.14 £119,481.83 today £79,389.12, target £75,000 by 31/12/17 Offset fund today £4,055.43 target £5,500 by 31/12/17
    Emergency fund £5k/5.5k & £130/200 cash.
    Current weight loss 7/32 by 28 feb 2018
    determined to stop defining myself by my mistakes.
    Progress not perfection.
Page 20
    • beanielou
    • By beanielou 12th Oct 17, 1:21 PM
    • 48,999 Posts
    • 181,846 Thanks
    beanielou
    Good news on the tender.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • Seasidegal58
    • By Seasidegal58 12th Oct 17, 9:48 PM
    • 1,173 Posts
    • 6,587 Thanks
    Seasidegal58
    Yes echoing beanie on the tender. The eBay £250 will certainly come in handy as welll!
    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!"
    • doingitanyway
    • By doingitanyway 12th Oct 17, 9:51 PM
    • 2,178 Posts
    • 10,140 Thanks
    doingitanyway
    Lots of good news from you. The dog. The tender. Bay. All excellent
    JANUARY 2016/SECURED DEBT=24,822/November 2017=3,500
    MORTGAGE FREE 25/07/16
    • jwil
    • By jwil 13th Oct 17, 3:43 PM
    • 7,794 Posts
    • 22,337 Thanks
    jwil
    great news on the tender, and congrats for getting into the 70s
    "If you can dream it, you can do it". Walt Disney
    • Happierdays
    • By Happierdays 14th Oct 17, 6:51 PM
    • 147 Posts
    • 461 Thanks
    Happierdays
    Just catching up on a few diaries..Well done inod on reducing mortgage to 70s xx
    • in need of direction
    • By in need of direction 15th Oct 17, 10:43 AM
    • 4,737 Posts
    • 26,817 Thanks
    in need of direction
    So, getting the bad news out of the way. Met up re delivery on tender. Goalposts have shifted and they won't want full delivery until jan so feb at the earliest before I see my fee. This is in spite of their spec stating that all was to be done by Halloween. Also, went up half a pound this week. However, Friday was a red letter day as I got my first payment. It was piddling, doesn't even cover the monthly expenses but it's in and it's lodged.
    Today, two types of soup will be made. I'm also determined to get a sb voucher so need around 200 points but do have a double up on one survey. Other bits and bobs to be done but am starting with soft boiled egg in a cup with butter and some toast.
    Mortgage at 01.01.14 £119,481.83 today £79,389.12, target £75,000 by 31/12/17 Offset fund today £4,055.43 target £5,500 by 31/12/17
    Emergency fund £5k/5.5k & £130/200 cash.
    Current weight loss 7/32 by 28 feb 2018
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • beanielou
    • By beanielou 15th Oct 17, 6:28 PM
    • 48,999 Posts
    • 181,846 Thanks
    beanielou
    Boo to tender date but yah to first payment.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • Seasidegal58
    • By Seasidegal58 15th Oct 17, 6:49 PM
    • 1,173 Posts
    • 6,587 Thanks
    Seasidegal58
    Thatís so disappointing re the tender. Still letís to your first payment!
    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!"
    • Seasidegal58
    • By Seasidegal58 16th Oct 17, 8:17 PM
    • 1,173 Posts
    • 6,587 Thanks
    Seasidegal58
    Hope the weather has not been too disruptive for you over in NI today inod.
    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!"
    • beanielou
    • By beanielou 16th Oct 17, 8:27 PM
    • 48,999 Posts
    • 181,846 Thanks
    beanielou
    Hope all well your way.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • gallygirl
    • By gallygirl 17th Oct 17, 7:31 AM
    • 16,459 Posts
    • 107,859 Thanks
    gallygirl
    From small acorns and all that, well done .
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    Mortgage Balance = £0
    "Do what others won't early in life so you can do what others can't later in life"
    • jwil
    • By jwil 17th Oct 17, 12:06 PM
    • 7,794 Posts
    • 22,337 Thanks
    jwil
    How frustrating about the tender, but great news on the payment, and hope it wasn't too stormy yesterday!
    "If you can dream it, you can do it". Walt Disney
    • doingitanyway
    • By doingitanyway 17th Oct 17, 7:29 PM
    • 2,178 Posts
    • 10,140 Thanks
    doingitanyway
    I hope you were safe in the storms...
    JANUARY 2016/SECURED DEBT=24,822/November 2017=3,500
    MORTGAGE FREE 25/07/16
    • beanielou
    • By beanielou 17th Oct 17, 7:51 PM
    • 48,999 Posts
    • 181,846 Thanks
    beanielou
    I also hope you were safe in the storms.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • in need of direction
    • By in need of direction 17th Oct 17, 11:08 PM
    • 4,737 Posts
    • 26,817 Thanks
    in need of direction
    We were unscathed by the storms though I was supposed to be in dublin for a ten o'clock meeting today that I cancelled. I just didn't know how the roads would be. On the plus side, I spent yesterday afternoon garaging some garden furniture and cutting back some overgrown branches. I needed the spur. Yesterday I also cashed out a £10 m&s voucher from sb. I'm aiming for one a month and am currently 6% towards my next one.
    I really need to be earning something every day even if just a few sb or pennies via inbox pounds.
    Got a long shot lead on some work today, will know more in the next week or so, fingers crossed.
    Today I am grateful for
    The dog not being too spooked by the wind
    Friends and family being unaffected by Ophelia
    A house that provided shelter for us
    Mortgage at 01.01.14 £119,481.83 today £79,389.12, target £75,000 by 31/12/17 Offset fund today £4,055.43 target £5,500 by 31/12/17
    Emergency fund £5k/5.5k & £130/200 cash.
    Current weight loss 7/32 by 28 feb 2018
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • beanielou
    • By beanielou 17th Oct 17, 11:41 PM
    • 48,999 Posts
    • 181,846 Thanks
    beanielou
    Glad you are ok.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.*** ***Keep plodding***
    • Dolly Rocker
    • By Dolly Rocker 18th Oct 17, 8:19 AM
    • 3,483 Posts
    • 9,896 Thanks
    Dolly Rocker
    Glad you are alright, it's so worrying this weather!

    Dxxx
    Starting Debt - £15,000
    Remaining Debt - £980

    Starting Weight - 16st 7lbs
    Current Weight - 15st 9lbs
    • Seasidegal58
    • By Seasidegal58 19th Oct 17, 10:05 PM
    • 1,173 Posts
    • 6,587 Thanks
    Seasidegal58
    Hope youíve had some good news on the work front and glad everything ok weather wise.
    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!"
    • in need of direction
    • By in need of direction 20th Oct 17, 8:29 AM
    • 4,737 Posts
    • 26,817 Thanks
    in need of direction
    Yay! It's Friday. It's been a bit of an odd week. Lots of running about with little getting done. I was in foul form yesterday. I'm just fed up with the house, the people in it!, my clients, lack of work pipeline, etc. yesterday I sent two strongly worded emails. As a result, one, if not two, invoices will go today. I also threw caution to the wind and went to the b00ts shopping event. Got lots of extra points on stuff that I would have been buying anyway all on the credit card that will need paid in dec. hopefully, there will be the money in by then.
    I also applied for a job after talking to a friend who works for the organisation. Yet another longshot but we will see.
    On other news, my eating habits went to pot and I didn't have jog club this week. Monday was cancelled and on Wednesday I got stuck on a phone call that I didn't want to cut short. Yesterday evening there was payback from my tummy.
    Today I am due to meet a friend for lunch rescheduled from Monday. Tomorrow we are going for lunch with another couple which will hopefully be good.
    On Wednesday, I went to see a former colleague and her new baby. This couple would both have fairly low paid jobs but a truly lovely home. It made me increasingly despairing of the stuff that is everywhere here. Also, we got no takers on our bay stuff. I really just want space and an easy to clean home.
    Today I am grateful for
    Some positive responses
    Friendship
    A cup of tea given to me in bed
    Mortgage at 01.01.14 £119,481.83 today £79,389.12, target £75,000 by 31/12/17 Offset fund today £4,055.43 target £5,500 by 31/12/17
    Emergency fund £5k/5.5k & £130/200 cash.
    Current weight loss 7/32 by 28 feb 2018
    determined to stop defining myself by my mistakes.
    Progress not perfection.
    • brizzledfw
    • By brizzledfw 20th Oct 17, 10:35 AM
    • 7,158 Posts
    • 34,766 Thanks
    brizzledfw
    Cup of tea in bed..the joy of small things..I usually get one of those from OH and I love it

    I really like your three gratitude statements in the midst of understandably feeling a bit low and cheesed off. Am sure it will work out and you will look back and think 'what was i worrying about'. Not sure what kind of work you do, but are there any useful networking events you could attend?
    MFiT-T4 Member No. 96 - 2022 is my MF goal
    Winter 17/18 Savings Rate Goal: 25% [October 30%]
    Declutter 200 items before 31.01.18 xx/200 ** LSDs Target 10 for Winter 0x/10 **AFDs xx/15 ** Sales Target '17 £750 £225 so far
    **NSDs Target 10 for Winter xx/10 Trying to be a Frugalista
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