am i addicted????

second_chance

second_chance wrote:

morning all - i have been awake for some time and here are my thoughts....

wages-mine: will try and get some extra night work already do this but will now ask about it instead of waiting to be asked!!!!
hubby: will try and do extra hours as able
avon : will make more effort and stop spending earnings stupidly and on avon products!!!!

soa : will finish this and then work out where i can save

ebay :[STRIKE]will actually put on the clothes i sorted yesterday [/STRIKE] DONE!! and find more-

bills : will chase up o2 re lowering my tariff
will sort out my food/cleaning products cupboards as prob have loads of things to use up and from now on will try and go to the pound shop for my household products
will also try and cut down on diesel costs-this could be hard already do 14hour shifts to cut down on travelling
will try cut down on electric by not using tumble and switching things off at socket (will this make a differnce???? and will i save electric by only using washing machine etc at night????? or is it just if you are on economy 7??)

vouchers:will now keep ALL vouchers i get through post and use them
will find out how many boots points i have and keep them for xmas
will find my clubcard vouchers and do as above
leisure: will spend more time taking my daughter for walks and too the park as free and will not spend stupidly on drinks etc on way home as usual
will aim for lots of no spend days!!!!!!!!!!!!!!!!!!!!!!!

debts: will aim to pay off avon
next
catalouge
and reduce credit card to £1500 next payday (26th)-this will be difficult and prob wont happen but will do my best!!!!!!!!!!!
phew....................

also will try and stop feeling like a wally about originally posting on the mfw thread and getting excited about paying off my motgage-duh get real!!!!

NOW TO START ON FINISHING MY SOA.....................

lynzpower

second_chance wrote:

thankyou daddyto3 i appreciate your honesty and had i posted just months ago i would have seriously reconsidered my head is spinning with all this worry but i have got to change and if it takes a mortgage to make me do this then it will be worth it-i would rather struggle with a mortgage than be crying to sleep because i cant pay my huge dorothy perkins bill (what a waste all that debt with nothing to show at least now i will have bricks and mortar) or is that a cop out??????? moving date now seems to have moved again to the end of june so thats another pay day

This is the bit that bothers me really. the debts in your sig, quite frankly are not that bad. You could have them paid off by the end of the year. Its the 40k that you have added onto the new mortgage that frightens me.

If you stayed where you are, and paid off the 40k in the usual way, you wouldnt have to pay them over such a long term.

Personally, I think you are likely to be crippled in the new house, and one of you is going to have to take on a second job probably for a rather long time. Is the new house really worth this sort of struggle?

If I were offering you advice, I would back out, stay put, go full throttle at paying off as much as you can now, and for a couple of years, while your overheads are cheaper, and break the back of this 40k. Houseprices are falling in many places around the country, so you may well find you get a similar house, cheaper in a few years time. Even if the purchase price isnt cheaper, you may be offered better products as you will have a higher equity in your current home as you will have paid it off for another couple of years.
I think it makes very good financial sense not to move, stay put, cut your losses of legal fees. You can sell the searches onto other potential buyers, make some money back there.

But thats a decision I dont think you are likely to make.

second_chance

i know you are right lynz but at this late stage i really really cant back out we are all go changed nurseries etc although that is no excuse i know-im kind of hoping that someone within the chain drops out so that it hasnt been my descision to make once the debts listed are paid i will have a £177,000 morgage to battle with obviously inc the original £40,000 i added in the first place-i am willing to do whatever it takes to be able to move to this house and pay even small extra amounts to bring it down-im resigned to the fact that i will have to put new addition on hold-i know your probably fed up with me as im not taking the sensible option but please dont abandon me!!!!! i have nearly finished my complete soa for new house and once posted could you please give it the once over and see what can be changed??????????
im still waiting for email from o2 suppose i willhave to ring them again if no news this afternoon xxx

lynzpower

second_chance wrote:

i know you are right lynz but at this late stage i really really cant back out we are all go changed nurseries etc although that is no excuse i know-im kind of hoping that someone within the chain drops out so that it hasnt been my descision to make once the debts listed are paid i will have a £177,000 morgage to battle with obviously inc the original £40,000 i added in the first place-i am willing to do whatever it takes to be able to move to this house and pay even small extra amounts to bring it down-im resigned to the fact that i will have to put new addition on hold-i know your probably fed up with me as im not taking the sensible option but please dont abandon me!!!!! i have nearly finished my complete soa for new house and once posted could you please give it the once over and see what can be changed??????????
im still waiting for email from o2 suppose i willhave to ring them again if no news this afternoon xxx

Sending you a hug. No one is going to abandon you, dont worry.

On one hand you hope someone will drop out of the chain, so you can get out of it. Why rely on strangers to hopefully do something you want, when you can do it yourself. However, you say that "i am willing to do whatever it takes to move" its not the moving thats going to bew the problem I dont think, I suspect that its the living day to day once you are there. Of course we will look over your other SOA.

The other thing to note is that for most of us, selling what we own, cutting right back, living hand to mouth, is only a temporary thing. For you guys if you move it might be more like 25 years. And thats with no extra additions.

I hope your new SOA proves me wrong to be honest with you

Sending more hugs xxx

Little_Miss_Winner

I agree with Lynz,

Personally, I think you are likely to be crippled in the new house, and one of you is going to have to take on a second job probably for a rather long time. Is the new house really worth this sort of struggle?

I personally can't imagine doing the cutting-back, going without, sacrificing etc etc..... for longer than i have to,, which is about a year I hope.

But for me i couldn't comprehend the next 25 years....

You say you really hope someone else backs out, so you don't have to go through with it, so you must be having seconds thoughts?

I would do the decent thing and get out now! You really are going to be struggling love, until you are 53. Not only you, but your husband and little girl too. No holidays, no outings, lack of new clothes, trips out etc.......

Sending you loads of hugs, as i know you are in turmoil.

love
pot
x

second_chance

gulp!!
wages: mine £1400 (at least )
hubby £1120
tax credits £35
child benefit £69
total £2624

outgoings :
mortgage: £1149
contents ins: £35
life/sickness ins : £90
aol :25 (am going to try and reduce this)
pension :£45
accident ins : £25
o2 : £50 (for two mobiles until sept trying to reduce this)
water : £35
rcn : £14
council tax : £88
tv licence : £12
car payment : £215 (0% until may 2009)
car insurance : £30
xmas vouchers : £30
aol phone : £10
nursery : £200
gas : £40
electric: £40 would like to combine these on dd if cheaper
shopping: £160
diesel :£45 was £90 going to try and reduce
birthdays :£17
car service:£13
car tax : £14
landline rental :£15
toiletries :£20
lotto :£16
dentist :£10
baby clothes etc :£15
hair : £10
saves :£10 i know a pathetic amount!!

total: £2510
the wages i have stated are basic my husband does get the odd bonus and does extra work occassionaly,mine also basic on an average month it is between £1450-90 but thought t was better to state the least

second_chance

cant believe i forgot to mention we had a letter today from hubs solicitor he is getting a compensation payout of at least £2250 after breaking his wrist last year payment should be in a couple of weeks and maybe for a little more!! good news as we werent expecting anything..

second_chance

earlier in th thread i said i had £15,000 equity in the new house what i actually meant was they reduced the price of the house by £15,000 for us to buy it the equity will be£38,000-£40,000

Little_Miss_Winner

So you are going to have £114 a month to live on????????

second_chance

at least but isnt that ok if ive accounted for everything????i know its not going to be at all easy but its not impossible is it?????????????????my heads exploding i really thought this would be ok...if i can cut down more on say electric etc (with your help huhum?) that would add more to the pot at the moment once bills etc paid im not left with any more
also got avon to consider have been getting £20 a month sure i could get more with effort (but now will stop spending it with avon!!!)