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  • FIRST POST
    • in need of direction
    • By in need of direction 20th Apr 17, 3:59 PM
    • 4,737Posts
    • 26,829Thanks
    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 25
    • in need of direction
    • By in need of direction 30th Nov 17, 9:25 AM
    • 4,737 Posts
    • 26,829 Thanks
    in need of direction
    So, the major clean is still pending and I've been dragged into doing something for my mother at ten today. This has come about due to my interfering sister who, of course, vents and talks a lot but then someone else has to deal with the fall out. Finally got my report issued yesterday and also had a meeting about a 3 day a week assignment for a quarter of my usual fee but I think I'm gonna go for it as
    It's a charity
    The days are flexible over the entire week
    I'm interested in what I'd be doing
    It's a guaranteed in one each month through to the end of March

    I've also had a sniff of another assignment that should be around 2k which would be good. It's an organisation I've worked with before but, as usual, they're in dublin.

    Yesterday, OH, dd and I met up in town to go to a pre planned meeting. This required OH to finish work early and DD to shift her day off and the person wasn't there. Other staff apologised but apparently couldn't accommodate another meeting that we could attend as they were too busy. I'm so annoyed and also concerned. We are giving them a major assignment and that is the response. I just want to pull it now. This relates to next year's big project and is just another setback. I'm incredibly disheartened. In addition,the manflu associated snoring is leading to disturbed nights for me. I don't cope well with a lack of sleep.
    This evening, I have a coaching session. I'm dreading it. My coach is the one person who can, and does, hold me to account. Also, by end of today, I need to revisit my manifesto.
    Today I am grateful for
    Shelter from the elements
    People seeing me as a possible credible supplier
    Friendship
    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.
    • Dolly Rocker
    • By Dolly Rocker 30th Nov 17, 10:48 AM
    • 3,483 Posts
    • 9,896 Thanks
    Dolly Rocker
    That is so bad that they never showed for your meeting!!!

    I would be tempted to just drop it aswell, hate people that do things like that.

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

    Starting Weight - 16st 7lbs
    Current Weight - 15st 9lbs
    • beanielou
    • By beanielou 30th Nov 17, 4:09 PM
    • 49,013 Posts
    • 181,911 Thanks
    beanielou
    That is just so unacceptable it is not true.
    I am so mad on your behalf.
    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***
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 30th Nov 17, 9:25 PM
    • 2,205 Posts
    • 10,566 Thanks
    HairyHandofDartmoor
    Being self employed can really suck sometimes when customers let you down . Especially when you are a small business and not a large corporation. They don't seem to realise that time equals money to you . I hope they get their act together soon.
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt in July 2017 = £58,766 DEBT FREE 31 October 2017
    NEW GOALS - Build an Emergency Fund & Loss of Income Fund
    Emergency Fund 1 = £818/Emergency Fund 2 = £203.76
    • doingitanyway
    • By doingitanyway 30th Nov 17, 10:02 PM
    • 2,183 Posts
    • 10,157 Thanks
    doingitanyway
    Sorry you had the meeting no show, but at least you know what sort of people they are now.
    JANUARY 2016/SECURED DEBT=24,822/November 2017=3,500
    MORTGAGE FREE 25/07/16
    • in need of direction
    • By in need of direction 1st Dec 17, 8:57 AM
    • 4,737 Posts
    • 26,829 Thanks
    in need of direction
    Well, bin day is here and a total fail from me. OH is finally taking a day off now that he's on the mend. This was something I suggested on tues to avoid him struggling in. I sometimes wonder why I bother.

    Today I have two, possibly three, urgent pieces to get underway. One has been me putting things off, the others are clients pressing panic buttons. I spoke to a former colleague last night who gave me knees that annoyed me. Why are people two faced?

    Anyhow, yesterday I realised that my water intake was getting so low. I will work on that today. I also need to check bank stuff in case OH has forgotten to transfer and also, on the off chance that someone has paid me. All I really want to do however is stay under the covers.
    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.
    • jwil
    • By jwil 1st Dec 17, 11:56 AM
    • 7,800 Posts
    • 22,362 Thanks
    jwil
    I hope today improves for you.

    That is so rude about the no-show, and I hate two faced people as well.
    "If you can dream it, you can do it". Walt Disney
    • beanielou
    • By beanielou 1st Dec 17, 3:19 PM
    • 49,013 Posts
    • 181,911 Thanks
    beanielou
    I loathe two faced people.
    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***
    • redofromstart
    • By redofromstart 1st Dec 17, 4:20 PM
    • 615 Posts
    • 3,495 Thanks
    redofromstart
    V annoying re the meeting. Hope you can take your business elsewhere.

    Can I join your 'Scrub Club' please? This place is horrendous again and I am now not working every day so I have time to do something about it after months of over committing myself elsewhere.
    • in need of direction
    • By in need of direction 2nd Dec 17, 9:03 AM
    • 4,737 Posts
    • 26,829 Thanks
    in need of direction
    A scrub club is a great idea. It's so much better than the current grub club!

    Yesterday my wee business account got its first ever four figure lodgement. I can now pay my sept, October and nov expenses. It was less than expected due to RoI tax arrangements but I can get the balance back in a month or two. Also, another client phoned and asked if I wanted a cheque posted or would I pick it up when I'm with them on Monday. It'll be in my bank account by next Thursday. Yay. I was seriously doubting that I could pay my credit card in full this month but that will allow me to start repaying the £2k loan I made to open my business account.
    On other news, yet another disturbed night thanks to the coughing and snuffling OH but, my couch to 5k graduation run is at half nine today and I'm determined. I will also be freezing but, thankfully, there's currently no rain so that's a bonus. Will report back with what could be a record breaking (the slowest completion ever) time.
    Last edited by in need of direction; 02-12-2017 at 10:10 PM.
    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.
    • Fortune Smiles
    • By Fortune Smiles 2nd Dec 17, 10:34 AM
    • 2,586 Posts
    • 21,355 Thanks
    Fortune Smiles
    Good luck with the run INOD. Hope the arrival of your long awaited funds puts a spring in your step

    Fortune x
    Mortgage: 2.4% paid House Deposit Contribution: 88% Emergency Fund: 57%

    All we have to decide is what to do with the time that is given to us - J R R Tolkein
    • beanielou
    • By beanielou 2nd Dec 17, 4:56 PM
    • 49,013 Posts
    • 181,911 Thanks
    beanielou
    Great news on lots of pennies coming in
    So chuffed for you
    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 2nd Dec 17, 10:17 PM
    • 4,737 Posts
    • 26,829 Thanks
    in need of direction
    thank you. finished my crawl with a deplorable time but an improvement on last year. this afternoon i dropped dd into work and then did a top up shop using my £5 off a £25 spend. was able to get the Christmas traditional grape juices at half price and stock up on bottled water for a lot less than it would cost in Dublin next Mon - Wed. also, paid myself my september expenses of £660.04. is it any wonder I've been struggling!
    i had 2 calls from my mother so far today. she is sounding manic and i struggle to cope with her when she is like this.
    today i am grateful for
    a fairly dry run
    encouragement
    things easing on several fronts
    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.
    • in need of direction
    • By in need of direction 3rd Dec 17, 11:41 AM
    • 4,737 Posts
    • 26,829 Thanks
    in need of direction
    Today I am grateful that mr wii reported a 1lb weightloss. Yay
    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.
    • misstara
    • By misstara 3rd Dec 17, 4:22 PM
    • 2,481 Posts
    • 17,330 Thanks
    misstara
    All sounding very positive INOD
    Debt at LBM Jan 2014 £10458.09 Now £0
    New flat debt Jan 2017 £2302.75 Now £1239.95 (46.2% paid)
    Car debt Nov 2017 £797.68 Now £748.10 (6.2% paid) + monthly payments £146.82 0/60
    Mini Targets
    Exercise target - Run 0/6, Gym 1/6 Groceries target £38.05/£200. NSD target 5/15.
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 3rd Dec 17, 4:31 PM
    • 2,205 Posts
    • 10,566 Thanks
    HairyHandofDartmoor
    Well done on completing the run and picking up some Christmas bits. This is always such a busy and frantic time of year.
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt in July 2017 = £58,766 DEBT FREE 31 October 2017
    NEW GOALS - Build an Emergency Fund & Loss of Income Fund
    Emergency Fund 1 = £818/Emergency Fund 2 = £203.76
    • beanielou
    • By beanielou 3rd Dec 17, 4:37 PM
    • 49,013 Posts
    • 181,911 Thanks
    beanielou
    Great loss
    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***
    • doingitanyway
    • By doingitanyway 3rd Dec 17, 5:46 PM
    • 2,183 Posts
    • 10,157 Thanks
    doingitanyway
    Well done on the run
    JANUARY 2016/SECURED DEBT=24,822/November 2017=3,500
    MORTGAGE FREE 25/07/16
    • jwil
    • By jwil 6th Dec 17, 5:50 PM
    • 7,800 Posts
    • 22,362 Thanks
    jwil
    Great news about all the payments coming in. Well done on the run and the weightloss
    "If you can dream it, you can do it". Walt Disney
    • Seasidegal58
    • By Seasidegal58 8th Dec 17, 7:08 PM
    • 1,173 Posts
    • 6,595 Thanks
    Seasidegal58
    Glad that you remembered to pay yourself inod! Also hope things have improved with your mum. Weight loss is going in the right direction as well.
    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!"
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