MFW in 5 years

golfiematt

Bad news, no more child tax credit, it was £10 a week but due to new government/small payrise/ paying bck overpayment .... its gone to:eek: 0:eek:.

Oh well, gonna try to get another £500 for the 1st june and then revue my finances then.

Tough going at the moment, we are off to legoland and around london next week, then theres car mot/service...other little things....

Anyway i thought id vent off on here lol

GM

miss_corerupted

have you tried to see if you can get working tax credit instead??? I get about £10 a week

golfiematt

no unfortunately this is where it doesnt pay to get married. They take both our wage into account! and 24k a yr between 3 of us before tax isnt a fortune

miss_corerupted

oh thats a pain, i'm on more than that with a partner (not married though)

thats just silly, doesn't really encourage people to get married

Lois_E

Being married or not doesn't make any difference to TCs. You are assessed as a couple if you're living together, married or otherwise. But how much you get depends on other things - you get more if you're both working 16 hours a week and paying for childcare, for example. I wouldn't have thought £24k would normally reduce CTC to 0. But if they've overpaid you in the past, that might explain why they won't give you any more until the account's square. Hope you manage to sort things out somehow.

golfiematt

your right lois, we still owe £300 , weve always declared our wage to the the £, it was their botch up.And yeah if people declare their partner is living there thats also correct lol (maybe im a bit naive).

RosieTiger

golfiematt wrote: »

my mechanic advised me not to bother with bio fuel so ive put that on the backburner for now.

The good news is my balance as of 2april 2011 is ........

£29493.08

:jyahoo the 30k barrier has been destroyed :j

Only just catching up with this, well done on the milestone.

On the bio diesel, the issue is that there is plenty of different products out there. It can cause severe issues in cold winter depending on the specific FAME used. Running in hundred percent form as indicated it can cause big issues with seals and pumps and would invalidate any warranties. As it's used currently in bio diesel mixes, the quantity is reduced in winter and careful choices made on FAME used, but, it can still cause issues. so I would avoid full blown use.

golfiematt

as of today my balance is £27587.28 so 12/6/11 my bal will be around £27615.21 ( added 27.93) for mfit challenge so im well ahead of my 30k target.
looks as though i wont be able to keep up the £500 op's as i need to pay my cc and we have treated ourselves to new phones, car service and mot due, small holiday to pay for that we had last week also. But seeing as we are ahead of target i can afford to live a little for now!!

golfiematt

ok a big change in direction, its looking like we are completing a purchase of a 1 bed flat on friday so no o.p's for a while and a bigger mortgage, ill update stats when i know what they are! ive not said anything this time as i didnt want to curse it after getting gazumped last timed! Ill post more when i know

sarahevie

Well done on the flat, your mortgage is so tiny now, if it's a good price it makes sense.

We are now only £3.5K away from having enough equity to remortgage and buy another, not sure whether we are going to or not, but it's nice to have the option:D

Probably not though as our outstanding mortgage over the two properties is still around £250k which isn't for the fainthearted:rotfl: