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40 and Foolish!

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Comments

  • NewLeaf wrote: »
    ok completely despondent. Just did my taxes and owe another £6,600 just for me. I can't face doing OH's at the moment


    Urgh, NewLeaf, that's not nice. :mad:
    • Mortgage over-payments to date: = £16,746
    • Original redemption date: August 2043
    • Current redemption date: July 2041
    • Debt: £15,930
    • Savings: £12,430
  • NewLeaf_2
    NewLeaf_2 Posts: 2,116 Forumite
    really not nice
    Mortgage: £280,752/ £262,515.84
    hmrc:£16760/£5,480.20
    evil credit cards: £41,208/ £37,841
    Car: £18,800/£13,101.18
    Weight 13.9/ 12.6 -1 stone 3
    saving for refurb £2000/£700 1 July 2013
  • NewLeaf_2
    NewLeaf_2 Posts: 2,116 Forumite
    Still trying to absorb the £6,600 tax shock. I finally thought I was on the right code and everything, gave up the company car, the fuel card and still got slammed.

    I need to have another day of wallowing and then get a game plan together
    Mortgage: £280,752/ £262,515.84
    hmrc:£16760/£5,480.20
    evil credit cards: £41,208/ £37,841
    Car: £18,800/£13,101.18
    Weight 13.9/ 12.6 -1 stone 3
    saving for refurb £2000/£700 1 July 2013
  • NewLeaf wrote: »
    Still trying to absorb the £6,600 tax shock. I finally thought I was on the right code and everything, gave up the company car, the fuel card and still got slammed.

    I need to have another day of wallowing and then get a game plan together


    Terrible news. Can you set it to one side until the new year. A good time away from thinking often gives a good perspective?

    HHx
  • *Robin*
    *Robin* Posts: 3,364 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker Stoptober Survivor
    NewLeaf wrote: »
    ok completely despondent. Just did my taxes and owe another £6,600 just for me. I can't face doing OH's at the moment

    Yikes! What a shock - have you got an accountant? If not, getting one could be a very good investment if you're still looking for an xmas pressie to give yourself! ;)
  • NewLeaf_2
    NewLeaf_2 Posts: 2,116 Forumite
    I just instructed an accountant this morning. It was because of the damn company car.

    Just having a pity party because it is one step forward 2 back really. My house keeper goes to Poland on Friday for 3 weeks so I can use what I would have paid her in wages for the accountant.

    Things are going to get so frugal around here OH isn't going to know what's hit her!
    Mortgage: £280,752/ £262,515.84
    hmrc:£16760/£5,480.20
    evil credit cards: £41,208/ £37,841
    Car: £18,800/£13,101.18
    Weight 13.9/ 12.6 -1 stone 3
    saving for refurb £2000/£700 1 July 2013
  • *Robin*
    *Robin* Posts: 3,364 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker Stoptober Survivor
    NewLeaf wrote: »
    I just instructed an accountant this morning. It was because of the damn company car.

    Good - if the accountant can't shave a decent slice off that bill please feel free to instruct me to eat my hat! :D
    NewLeaf wrote: »
    Just having a pity party because it is one step forward 2 back really.

    Hmm. Sometimes it is advantageous to take a step sideways before the way forward becomes clear - rather like stepping round a large rock on a mountain path. I would definitely regard the accountant as a sideways step rather than backwards. An allowable expense of course, which softens the [STRIKE]blow[/STRIKE] bill. Actually NewLeaf, I'm a bit surprised you've been trying to manage without one, given the ££ [and $$?] that passes through your household, plus you're an employer.
    NewLeaf wrote: »
    My house keeper goes to Poland on Friday for 3 weeks so I can use what I would have paid her in wages for the accountant.

    Good again, useful (unless you'd already earmarked those funds for something else?).
    NewLeaf wrote: »
    Things are going to get so frugal around here OH isn't going to know what's hit her!

    Don't worry, it's possible to live well while enjoying frugal pleasures. :D On that line, here's a cheap excursion over the holidays:

    http://www.moneysavingexpert.com/deals/cheap-days-out/kew-gardens

    ..Would love to take up this offer myself but it wouldn't be very MSE or practical for me at the moment!
  • NewLeaf_2
    NewLeaf_2 Posts: 2,116 Forumite
    Robin, you are right we can still enjoy things but there will be no more little Waitr%^e runs for her to get sweets!
    Mortgage: £280,752/ £262,515.84
    hmrc:£16760/£5,480.20
    evil credit cards: £41,208/ £37,841
    Car: £18,800/£13,101.18
    Weight 13.9/ 12.6 -1 stone 3
    saving for refurb £2000/£700 1 July 2013
  • grannyx2
    grannyx2 Posts: 3,455 Forumite
    Ninth Anniversary 1,000 Posts Combo Breaker
    Hello honey, just noticed how well you are doing with your refurb fund, well done you x
    Targets
    Trip to Australia (On hold until 2022 now) to meet new grandson born jan 21!

    Lose 84lbs. Update (minus 65lbs mostly during lockdown as of 18.05.21)

    LBM : July 11 - £56,962
    DEBT FREE 21-05-21
    MORTGAGE FREE 13-06-18

    Loving my kitty cat

    https://forums.moneysavingexpert.com/discussion/3958715/return-to-solvency/p1
  • NewLeaf_2
    NewLeaf_2 Posts: 2,116 Forumite
    granny thanks for spotting the sunshine. That will be going to THEM ha ha ha
    Mortgage: £280,752/ £262,515.84
    hmrc:£16760/£5,480.20
    evil credit cards: £41,208/ £37,841
    Car: £18,800/£13,101.18
    Weight 13.9/ 12.6 -1 stone 3
    saving for refurb £2000/£700 1 July 2013
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