Do you have a plan B?

matbe

Plan b "drink !!!! @!!!!"

bubblesmoney

using plan A at the moment- over paying my mortgage. baby just about to start nursery once a week so that wife can think about going back to work part time in a few months from now. trying to cutdown on unnecessary expenses. keeping emergency funds to last us a few months. cancelled a holiday this year so that can overpay mortgage.

plan B - if i lose my job then start temping which hopefully wont be much of a problem. can use emergency funds for a few months. dont know how much redundancy payment i will get but not banking on it anyway.

plan C - if i lose my job and cant get another job (regular or temp) in the uk then relocate abroad (present options - india, australia, new zealand, middle east* the last only for a short term option). send wife and child to india to be with my mom to keep expenses down while i wind down everything in the UK, sell house etc while doing any temp jobs as and when available and explore options in other countries.

plan D - if i cant work due to illness or any other reason then relocate abroad and stay with my mom till i get a house built nearby and live off my savings and do any odd job to cover expenses.

plan E - If I die, wife can access my life insurance payout, sell house even at a loss as still will have equity left in it, relocate abroad to be with family so that it is easier to bring up our child

plan for Tin hat time :rotfl: -

• grow vegetables and fruits what ever is easy to grow. have done it abroad, but the weather will be a problem here so will need a greenhouse probably. probably might be easier growing mushrooms in pots in the garage etc
• keep chickens for eggs and meat although its a bloody pain catching a chicken which is feeding wild in your backyard, slaughtering, defeathering / skinning it shouldnt be a problem and i have done that before.
• but what ever you do, dont ever let go ducks inside your house like i did once, bought 6 ducks for cooking live from a farm (abroad) a long while ago and as had some work to do i didnt feel like leaving them tied so let them go lose in my bathroom, took a while to catch them and a lot longer cleaning the mess they created, the first time i cooked ducks and even my two dogs refused to eat them that time.
• go fishing in the nearby river. as a kid i remember fishing with just coconut tree leaves and caught small fishes just with that. yes you dont need a fishing rod. was taught this by old timers in a village but just managed to catch really small fish by dangling the tips of the coconut leaves in the river and wiggling it, the fishes bit the tip thinking it is a worm and you yank out the leaf forcefully and the fish flies out on to the river bank! only worked for small fishes though in my case atleast, but this kept the chickens happy as i could feed a whole load of chickens with my catch of just a few hours play.
• buy an air gun and help out farmers keep unwanted birds from destroying their crops. had a flatmate in newcastle long ago who used to go bird hunting with others on farms etc and they apparently used to shoot a lot and only use a small amount for cooking (they used to shoot only what was allowed legally, i dont know which type of birds though as i never went along with them even though was asked).
• guess dont have the option in the uk of wandering into the nearby forest with a gun to shoot wild boar for dinner like one of my distant relatives apparently did when my relatives visited them once

lil'H

my plan b is to cry, lots. Plan c to panic and plan d to chill and get another job!

LindsayO

Well Plan A was to keep working, and paying off the mortgage until I reached 65, I was in a secure job at a university

Then I got sick with a progressive chronic illness, so I kick started Plan B, got another part-time job to suppliment my income and got a offset mortgage, have been paying into savings to offset for the last 6 months

Then my employer introduced voluntary redundancies with talk of compulsory, with my supervisor's supervisor leaning on my hard

So I need a Plan C, if I can hang onto my job I reckon I can pay off my mortgage in 3 years, and then if I qualify for my pension on medical grounds I'll be okay, but if I lose my job and don't get the pension I'm unlikely to get another job in the current climate

Jonbvn

My plan is to be here this time next year.

Davesnave

Jonbvn wrote: »

My plan is to be here this time next year.

Bridgwater Carnival has never looked so good!




(May as well get a plug in for a good cause!)

exil

Part of my plan B was ISA's - what a great idea that was. Well, I suppose stock markets must start going up one day..... besides that, bank accounts, cash ISAs, a house, 4 pension plans of various sizes and types that we'll be able to break into from age 55 in 5-6 years time. Permanent Health Insurance in case I get ill, Critical Illness in case I get REALLY ill and life assurance in case the worst happens. I suppose the only thing that will scupper us is alien abduction!