Do you have a plan B?

Snooze

PasturesNew wrote: »

I don't have a Plan A! Not sure what the Plan A is ... so I can't tell you if I have a Plan B.

:T :rotfl: I'm the same. I take each day as it comes as all the plans I've made in the past have always gone tits up. I think people spend far too much of their lives and time worrying about !!!!!! that realistically probably won't happen.

Rob

Kez100

Well Plan A (our plan for life) was to not have any debts (bar mortgage) and we are already there as we have never taken on any debt other than the odd car loan.

Now Plan Bi is in action which is to use low interest rates to overpay so we can get away with taking a three year payment holiday, if necessary, on our mortgage. (Our particular mortgage allows this if we have overpaid) Plan Bii is to use this to repay mortgage earlier by many years if we don't need to use the mortgage holiday.

Davesnave

Our Plan A assumed something like this would happen sometime; we were just taken by surprise at how fast it happened. We've finished phase1, which was to flog our urban properties. Now, we're renting while we sort out the next bit.

We need to relocate to become partially self-sufficient in food & fuel, and we'd also like an independent water supply. Also, we'd like to set up a small rural business to supplement our pension income, especially if that takes a hit.

If the current Depression passes and things improve, that's great: we'll just be a bit 'odd' as far as the extended family are concerned. If it turns out that GB Plc goes down the toilet, then we will be as well-placed as most people to look after the basics.

That's it, really.

hearts

Run ;-)................and Hide ;-)

squirrelchops

Yep we have a plan b.

Plan A is that I am at Uni, OH works full time. He was made redundant last June so lived in plan B for the summer when he went and contracted away all week until he found a job back home.

Plan B would be that I would have to work quite a few hours to boost the household income. I have been fortunate in that I only need to work up to 10 a week at present but would be prepared to do a lot more and still study if needs be. OH would try and get a job anywhere if he was made redundant again so a long distance thing it might be. OH has a buy to let and if it got really hideous for us that would have to be sold but that would be the last option as it is his pension.

We are hoping that we can ride this storm until I finsih Uni in June 2010 and then at least I can work full time hopefully so takes the pressure off him.

baileysbattlebus

We don't have a plan - we, or rather I thought we did - OH would take early retirement in November this year, we would downsize, have "loadsamoney" and b*gger off to sunnier climes for a while.

Now he's decided he's not exactly happy with his pension and wants to do another couple of years, with that and the lack of buyers - not that we've tried to sell the house or anything = plan out of the window.

He works in the control tower at Heathrow - fairly recession proof - but one never knows and I live in hope that he is made redundant, takes his pension and we live happily ever after - I wish!!

lostinrates

Snooze wrote: »

:T :rotfl: I'm the same. I take each day as it comes as all the plans I've made in the past have always gone tits up. I think people spend far too much of their lives and time worrying about !!!!!! that realistically probably won't happen.

Rob

I think if you have the basics in place (svaings/insurances) you are probably right. However, I'm glad I wasn't living purely by the seat of my pants when I got ill. If I'd have had no savings I would have been in very serious trouble.

I've always leant towards being prepared, and fully accept that I have a tendancy now to want to be over prepared, which I agree can be as limiting if you let it be negative. The thing is, the longer life goes on the more likely it is the bad luck catches up with you! I'm hoping I've had my fair share, but I want to know that if it catches me better the next time....there's a plan:o

a_rather_tall_man

Austin_Allegro wrote: »

Plan C is to start up an odd job/man about the house (no jokes please) business helping elderly people in the local area. There are more and more old people living on their own who need work done and would like a reliable trustworthy person to do it, and I bet they'd all tell their friends at the bingo/church/lunch club etc.

This seems to be a rather common idea as I have heard it said by at least 2 people I know plus already had 2 leaflets through the door from others who are obviously already trying it.

fermi

hearts wrote: »

Run ;-)................and Hide ;-)

Tried that one already.

chris_spackman

Girlfriends parents have a big garden so we have decided to do the following.

Get some chickens in (Her dad used to be a butcher so that will comer in handy) for eggs and meat.

Grow veg etc and will use household rubbish for the garden too.

And at home we will and have been:

Only buy what foods we need.

Lights are out in the house if the room is empty

Everything is off standby

Cut right back on fuel (Live 5 mins from town so will bike it for going to the bank etc and bus for shopping)

Money saved from shopping goes in a money box.

Stopped smoking (£80 per month better off and i might live a little longer)

Bithdays and Christmas: only buy small presents (Girlfriend used to get carried away and buy everyone a present)

Not bothered with Valentines (Rip off)

Stock up on tinned fruit and veg plus frozen.


Use 2 for 1 vouchers IF the girlfriend has been good and i take her out for a meal!