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A fresh start

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  • buddiebabe
    buddiebabe Posts: 1,408 Forumite
    Hey Seaxwyn

    Happy new diary :j i look forward to hearing all your positive debt busting news!!! I hope you have a great time on holiday you definately deserve it.

    Buddiebabe x
    DEBT OUTSTANDING 23.04.17 £16802.97
  • MediSin
    MediSin Posts: 118 Forumite
    Hi,

    Don't know if this will help, but hopefully... If your OH is working freelance, I think he may be entitled to charge interest on debt owed to him by the college under the Late Payment of Commercial Debt (Interest) Act 1998. Some info here.

    (hope that worked, I've only just found out how to post links...)

    My BF works freelance and the council are displaying their usual level of spectacular ineptitude - they wanted to be invoiced urgently before the end of the last financial year, and 4 months on they still haven't paid. I'm sure their filing system for invoices consists of a shredder and some matches. But colleges, NHS and councils habitually 'forget' to pay up (which really winds me up when I think about how quickly they pass you on to debt collectors if you're late paying council tax!), I know people who have come close to losing their businesses because of these late payments. I can't help thinking that it might teach them a lesson if all the freelancers and small businesses stood up for themselves and actually charged interest. If we all did it, they'd have to notice eventually... Maybe!

    I'd be tempted to dress up as a bailiff and relieve them of their computers... :rotfl:

    Anyway, good luck with it all!
  • chevalier
    chevalier Posts: 7,937 Forumite
    Part of the Furniture Combo Breaker
    I really hope that you can make great strides in this diary Seax. And GGRRRRR ref the college and their ineffectual pay system...
    chev
    I want a job that is less than an hour driving away from my house! Are you listening universe?
  • Karmacat
    Karmacat Posts: 39,460 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Happy New Diary! Your Italian trip sounds great, Seaxwyn - mind you, so does that job! Glad to hear things are going well.
    2023: the year I get to buy a car
  • Seaxwyn
    Seaxwyn Posts: 4,896 Forumite
    Thanks MediSin, I will look into that. It's shocking there are so many bad payers out there. OH is chasing up the missing pay so I hope it will turn up soon. He has just two days teaching and two days marking booked now - and a 'day' means 5 hours pay, no matter how many hours are worked - so the next pay cheque will be very small.

    Oh well, let's not dwell on the bad news. I had some nice news this morning - an email telling me I have won two weekend tickets to a local music festival. It's the weekend after my DDs' birthday, and the first weekend of the summer holidays, so I've said they can take a couple of friends and that can be their birthday party. It will be a lot more fun than anything else I could lay on for them.

    More good news... DD2 has been offered a Saturday/holiday job at a lovely local cafe, so she is chuffed to bits.
    Total debt: 1 January 2007 £[strike]49,387.79[/strike] 1 January 2012 £[STRIKE]19,312.85[/STRIKE] 1 August 2012 £11,517.62



  • kissjenn
    kissjenn Posts: 2,358 Forumite
    Mortgage-free Glee!
    That's excellent news. Things are looking good.
    :A Let us be grateful to people who make us happy: they are the charming gardeners who make our souls blossom. Marcel Proust :A
  • hypno06
    hypno06 Posts: 32,296 Forumite
    10,000 Posts Combo Breaker
    Excellent news on the festival tickets -they will love it. I took DD and 2 friends to a concert at the local uni for her birthday - as you say, far better than any birthday "party".....her friends said I was a "cool mum", so that has to be good!

    Really good news as well on the holiday job - my DD is still looking, and has a weekend of letter posting arranged again. Something will turn up when the time is right.

    If it is at a lovely local cafe, do they do lovely local cake? and do you get lovely local samples at a lovely local discount :confused:
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
  • Wordsmith
    Wordsmith Posts: 1,164 Forumite
    Well done on the new diary and the (re)new(ed) focus and the soon-to-be-decreasing-even-more debts. Your pending holiday sounds fab - ENJOY. And good luck with the debt busting!
    "Green pastures are before me,
    Which yet I have not seen;"
    I'd love to be a good example - instead, I am a horrible warning.
  • taxi73
    taxi73 Posts: 20,815 Forumite
    Well done to DD on her new job and well done to you on the win.They will love that.
  • savingholmes
    savingholmes Posts: 28,971 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Well done on DD's job

    Well done on the tickets

    Well done on sticking with the programme - at least you are still on a journey to reduce the debt - happy shiny new diary!
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £2.6K Net savings after CCs 6/7/25
    3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
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