Debt Free by 40 Debt Diary

spud30

oakdale_minx wrote:

You certainly will get there - originally, i would have been DF at 55!!! (eek!!)

I just get the feeling I'll be the last one here

LJD1_2

Congratulations on your payrise to be. That's fantastic and well deserved. Hope you enjoyed walking Charlie and there's only one word to describe your boss but I won't use it because I don't want to be banned from here!

gallygirl

spud30 wrote:

I just get the feeling I'll be the last one here

I doubt it - my daughter will be keeping you company :mad:

oakdale_minx

I've joined the MSE Lose Weight thread. I was going to log in using the Slimming World password but it seems it can't be put on forums anymore. However, a fabby MSE'er gave me a link to a free site to record weight loss, just as good as Slimming World online. I can't justify the £5 a week to go to class and it is £60 to join SW online for the first 3 months membership.

I had to go to get 2 batteries from Tesco for my scales (£1.95 a battery - I could cook dinner from scratch for that!) and I treated myself to a CD of 'disco classic's in the £1 sale. Might have a boogy to that tomorrow.

oakdale_minx

Pants day.

Seems i'm going to be shafted over my pay rise. i won't find out until I get the letter, next month.

My job originally went in for banding a year ago. The result was protected pay, but then a pay cut in 2011. My (old) boss re-wrote my job description to give a better reflection of what I do and it was re-submitted at the end of June this year. It seems my pay will start from the day the job description was re-submitted. It's all a bit complicated (typical NHS) but I might only get £200 or so if I'm lucky. It will still be £200 or so and I will get about £50 a month extra when they do the paperwork, but it seems unfair. I've missed out on an increment (the October 05) one. If my job had been sorted 2 years ago, this would have happened then and I would have go the increments in Oct 05 and Oct 06.

I have to be positive and think I will get a little something, but it feels very unfair because I am literally one of the last in the organisation to be done.

I'm waffling. Basically, it looks like I've been done over.

dottyanne

Hi minx - just wanted to say that i too really want to be debt free bu the time im 40..... im 34 now (just turned in August) so that gives me 6 years or so - however im on a DMP with the CCCS and thats to run at the current rate until 2016, so ideally i want to knock this down by 4 years........this is probably do-able as i may be able to increase payments within that time - also you never know something good could happen ?? when do you turn 40?

dotty x

oakdale_minx

hiya dotty!

I will be 40 (aarrrggghh!:eek: ) in May 2010. I have three years and about 9 months.

To pay off the secured loan, I need to pay exactly £500 a month between now and May 2010. It will pay it off exactly the month I turn 40.

When I get all my bank charges back, I'm going to up my £238 loan payment to £385 (the money I would have been spending on my CC's every month), which means a DFD of August 2011.

I'm going to save and save and save all I can with AQA and any pay rises over the next couple of years and hope for a settlement figure in May 2010 of my savings.

Well, that's the plan anyway........of course, life could get in the way.......:rolleyes:

ZTD

oakdale_minx wrote:

It seems my pay will start from the day the job description was re-submitted. It's all a bit complicated (typical NHS) but I might only get £200 or so if I'm lucky.

But surely if they are claiming your job has changed, then you've actually done 2 jobs. Job A from a couple of years ago to where the description was submitted, and Job B from where the description was submitted to now.

So you should get 1yrs backpay for job A, and about 2 mths backpay for job B. IYSWIM.

They will try to stiff you though.

oakdale_minx

It seems not.

It will be

Oct 04 - Oct 05
£24,200 (old job description, salary I was on at the time )

Oct 05 -May 06
£24,200(old job description, no increment as I wasn't on a contract with increments)

June 06
£24,472 (national cost of living rise received)

July 06 - Oct 06
£24,580 (new job description, automatically go to the nearest increment on the new national payscales - could I have been any closer to the next increment!)

Oct 06 onwards

£25,811 This is the pay increment date nationally and will be my new salary from 01 Oct 06. After being banded everyone has gone on to a payscale with increments.

I will probably have my new payscale (£25,811 ) implemented in December or January, so will only have the little bit of back pay from Oct 06 to December/January.


I didn't sign my initial banding when I got the results nearly a year ago and presumed my new job description would have taken me back to Oct 04. Apparently it has been seen as a 'new' job description with additional duties and so is only valid from when it was signed by the Chief Exec in June this year. My boss re-wrote my job description because my old one didn't reflect what I did. Some of the bits in the new one are new responsibilities, but hte majority wasn't.

dottyanne

oakdale_minx wrote:

hiya dotty!

I will be 40 (aarrrggghh!:eek: ) in May 2010. I have three years and about 9 months.

To pay off the secured loan, I need to pay exactly £500 a month between now and May 2010. It will pay it off exactly the month I turn 40.

When I get all my bank charges back, I'm going to up my £238 loan payment to £385 (the money I would have been spending on my CC's every month), which means a DFD of August 2011.

I'm going to save and save and save all I can with AQA and any pay rises over the next couple of years and hope for a settlement figure in May 2010 of my savings.

Well, that's the plan anyway........of course, life could get in the way.......:rolleyes:

#

Hiya!! yes youre right life does get in the way - i know only too well!! However it can work both ways - you could get a windfall/inheritance/even lottery win between now and then so i think the best policy is just keep doing what youre doing and any extra is a bonus.......

My hubby turns 40 next June, my mum is 60 in January and my step-daughter turns 18 in August - so next years gonna be an expensive one - plus we havent had a holiday this year and are planning 2 weeks away in August of next year so its gonna be an expensive one i would say - !!:eek: but ive resigned myself to the fact that my DMP finishes in 2016 doing what im doing now - however im determined that i want to get that reduced and hopefully in 6 years be debt free too!!

good luck and keep up the good work!!

love dotty xx:T