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Trials and tribulations of a Debt Free Wannabee!
Comments
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SH you are doing so well its amazing how your debt is reducing,and your savings are intact well done to you :T
we have no savings at the moment and it does worry me in case an unexpected expense arises. it must be lovely to have that cushion there
I know you are trying really hard to save but taking roast beef off peoples plates! thats a classic :rotfl:(actually i give them slightly less meat and they dont notice, it means you get an extra meal out of it)
off for a cup of tea x0 -
Hi Karen and SC thanks for the replies!
I know Martin says use your savings to pay off your debts and we may well do that once I am in a permanent job again - it is however great peace of mind right now to have them. Last October we had £1.3K in savings but because all of our debt was on interest free we decided to stooze some of the money we would have paid them for emergencies like for when my contract ended in March. It was such a great decision. We have also paid off a number of other cards.
We have one interest free ending in May but that will move to 3.45% so not worried about that one right now. More concerned with the one that ends July.... lets hope I have a job by then so it is clearer what to do next!
OH forgot to take my car this morning so he still hasn't had it checked out - hopefully he will do that tomorrow.
One bit of good news - I got my final pay from my last company today £355 :jso that is a big help! I've worked out if we are really careful my "cushion" in Acct 1 should last until around the end of August :Twhich would be great. I do have unemployment insurance, not sure if they will pay out tho as I was in a fixed term contract. I am going to dig out the paperwork and give them a call. I have a feeling if they do pay out that would be £450 a month extra which would be fab if I can get it!
The housework is calling me.... I can only ignore is so long :rolleyes:Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/250 -
Well reading the small print of my mortgage insurance it is very unlikely to pay out which is a shame as if it did it would pay out £575 per month! I am absolutely gutted... _pale_ I thought they would pay as long as I had been in role at least 6 months! I think I will put in my claim anyway and see what happens.... Nothing to lose.
Managed to get my DS 2 pairs of trousers for £9 from Mr Ts since he'd managed to split all his school trousers!Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/250 -
Afternoon,
It's def worth giving it a go with the claim....you never know!
Great news on the final pay, all helps. You're doing great with money and savings - only wish I was as good as you a few years back. Might not be in this mess now
How'd that housework go?0 -
Thanking you for the linky lou about the Scratchy-doos.** Proud to be dealing with my debts **LBM - Jan 2009 _pale_ : £24,802.21 :eek:February 2010 :silenced: : £18,078.47 (not including OD)July 2010
= £16,819.34 (not including OD)
January 2012 :mad: = £14,338.75 (not including OD)0 -
house work... whats that....??? surely you throw your house away when it gets too dirty? oh no silly me... that was my old life.
in fact u used to joke with OH that when the windows get dirty just ring up the window replacment people and get them to bring new shiny ones!!!
haha in my dreams!
xx mrscmr
ur doing just great!Highest Debt £581,000 Nov 08 and now owe nothing! yes really! I have learnt my lesson the hard way!
:heart2:Ebay Challenge 2011 - Still supporting from afar!
Long haulers supporters DFW #2230 -
Hi guys thanks for posting! :T
Well I have one charity bag and 3 bin bags of "rubbish" emptied from DD's room! It is her birthday soon so trying to create some space! She still has too much stuff tho - so if I am feeling up to it may have another go tomorrow.
I seem to have lost my job hunting umph! I got rung up by an agency today who'd seen my CV on monster. I already know the person from when she worked elsewhere.... She's got no jobs for me currently tho. I am still waiting to hear how last week's interview went. If I don't get to at least second stage for that then hopefully I might kick myself into gear and apply for a few more jobs.
Had porridge for lunch LOL! No breakfast got up too late (he he) Having beef roast dinner again for tea!
GG no problem re scratchies link!
One of my DD's friends CAN'T make it to her party I am so pleased!:rotfl:She invited 7 this year... I am hoping we get down to about 5 friends - that would be more manageable!Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/250 -
Hi savingholmes,
Congrats on getting the final pay, it all adds up. Good luck with the claim, why does it all seem like you pay for insurances and never get the benefits?! Weird!0 -
Swinstie73 wrote: »Hi savingholmes,
Congrats on getting the final pay, it all adds up. Good luck with the claim, why does it all seem like you pay for insurances and never get the benefits?! Weird!
Typical insurance companies, quicker than a rat up a drainpipe to take the money off you, do they like paying it out?? No sireeee they don't.
Understand about fraudulent claims etc, it seems its always the genuine claims that suffer.** Proud to be dealing with my debts **LBM - Jan 2009 _pale_ : £24,802.21 :eek:February 2010 :silenced: : £18,078.47 (not including OD)July 2010 = £16,819.34 (not including OD)
January 2012 :mad: = £14,338.75 (not including OD)0 -
another one can't make it either :j- now down to 5 if it goes below that I may let her have another friend....:rotfl:savingholmes wrote: »One of my DD's friends CAN'T make it to her party I am so pleased!:rotfl:She invited 7 this year... I am hoping we get down to about 5 friends - that would be more manageable!Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/250
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