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What can I do?

pickles110465
pickles110465 Posts: 12 Forumite
in Redundancy & redundancy planning
I have the threat of redundancy hanging over me, no savings, wife and 3 kids and lots of debts. To be honest I'm bricking it and having a go at everyone I feel so tense. What can I do to feel more in control and better prepared?

Comments

  • LindsayO
    LindsayO Posts: 398 Forumite
    Here is what I've done:

    reviewed my expenses and cut out anything unnnecessary and started saving what I can
    made sure I do the best I can each day at work
    started looking for a new job

    sorry herar you are going through this
    LindsayO
    Goal: mortgage free asap
    15/10/2007: Mortgage: £110k Term: 17 years
    18/08/2008: Mortgage: £107k Mortgage - Offset savings: £105k
    02/01/2009: Mortgage: £105k Mortgage - Offset savings: £99k

  • nuttyrockeress
    nuttyrockeress Posts: 1,260 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Contact your creditors to advise - you may be able to start the ball rolling on payment plans etc
    It's nice to be nutty but's more important to be nice
  • savingholmes
    savingholmes Posts: 29,049 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Firstly look at something like monster.co.uk. follow their cv hints and tips and do your cv. Set up an e-mail address that you are comfortable with and consider making your CV searchable on monster... Look for jobs in your field... start applying

    Second look at your statement of affairs using makesenseofcards and look at where you can make cut backs - perhaps post on the DFW board for extra advice

    Personally I wouldn't contact creditors at this stage because it hasn't happened yet and could cause you more problems. If you want to know which debts to pay off first use the snowball calculator at whatsthecost

    All the best - good luck! Perhaps read numpty's thread for other ideas...
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £172.5K Equity 36.11%
    2) £1.8K Net savings after CCs 13/9/25
    3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
    (If took bigger lump sum = 54.5K or 42.7%)
    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 £4.8K updated 13/9/25
  • Incapuppy
    Incapuppy Posts: 5,713 Forumite
    The OP is trolling, don't waste your time on them.
  • ceridwen
    ceridwen Posts: 11,547 Forumite
    10,000 Posts Combo Breaker
    I would forget about that foreign holiday you are querying having on another thread you started then.
  • max2009
    max2009 Posts: 543 Forumite
    Why not sell all your BTL'S ?
This discussion has been closed.
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