Frugal Living Challenge 2011 - part 1

dizzy_lizzie

minnie2 wrote: »

Hugs to you 23spiral!!!!


rising from the ashes - well done!!!! and i hope you clear your overdraft soon!!! my overdraft will take some doing as it 3k!!! i have a second job but it seems like that all that money gets swallowed up in bills each month!! I cant work anymore than i do either i never have any free time or time with hubby as it is!! I work all weekends and two evenings a week on top of my main job mon-fri 7.45-3.45. for which i am also doing over time!!

Jeepers minnie you'll be meeting yourself coming back!
luv dizzy x
♥

minnie2

i have just worked out i do 140hours a month for my second job ontop of the 130hours i do for my main job. Thats 270 hours a month!!! that is scary!!! and what do i have to show for it.....nothing really!! plus i am looking at doing more!!

dizzy_lizzie

minnie2 wrote: »

i have just worked out i do 140hours a month for my second job ontop of the 130hours i do for my main job. Thats 270 hours a month!!! that is scary!!! and what do i have to show for it.....nothing really!! plus i am looking at doing more!!

I am........



Luv Dizzy x
♥

minnie2

me too!! it is scary when you think about it!! may be getting another 12hours of work a week too soon!!! its just a shame the pay didnt reflect this!! I get £6.84 an hour for second job - but get tax heavily on it as its my 2nd job!! also when i do 24hours work at a time im actually only paid for 12 when you work it out which is a real cheek!! for a 24hr period i get paid a set amount of £90.59 (£72.39 after tax) but hey ho!!

tumptyteapot

minnie2 wrote: »

me too!! it is scary when you think about it!! may be getting another 12hours of work a week too soon!!! its just a shame the pay didnt reflect this!! I get £6.84 an hour for second job - but get tax heavily on it as its my 2nd job!! also when i do 24hours work at a time im actually only paid for 12 when you work it out which is a real cheek!! for a 24hr period i get paid a set amount of £90.59 (£72.39 after tax) but hey ho!!

can you claim some of that tax back if your overall income is low?

minnie2

tumptyteapot wrote: »

can you claim some of that tax back if your overall income is low?

ooooh i dont know, I was going to go to tax office to check the last years tax anyway as i started 2nd job last summer - but i didnt know you could claim.how would i go about doing that?

mooomin

minnie2 wrote: »

ooooh i dont know, I was going to go to tax office to check the last years tax anyway as i started 2nd job last summer - but i didnt know you could claim.how would i go about doing that?

You can call them and say you may have paid too much tax - they will then check and if you have send you a cheque out.

Mr F called them a couple of years ago as he hadn't worked for the full tax year and he got £600 back :money:

minnie2

flying_fresian wrote: »

You can call them and say you may have paid too much tax - they will then check and if you have send you a cheque out.

Mr F called them a couple of years ago as he hadn't worked for the full tax year and he got £600 back :money:

wow!!!!! i definately will!!! i have paid an awful lot of tax!!

Fishcake_Random

Hello everyone,
We're never a dull bunch in here are we? All these popping ears and house sales and such.
Today has been hectic. It was supposed to be a day off for my OH and we were going to be doing lots of family type things but we ended up getting a fabulous offer of a load of stock for OH's shop and we just couldn't pass it up! So most of today has been elbow deep in the most disgusting house you can imagine looking for salvagable bits. We are really chuffed with what we have found though!!!
After a hard afternoons work we almost succumed to the temptation of a tasty takeaway but our inner MSE angel spoke to us and we splashed out on a pizza and some garlic bread in Aldi instead.
So far this evening I have managed to finish the knitted bonnet I was making and almost finish my first bootie. Go me!!! I intend to pop them in my FaceBook shop once they are done. You can find my shop by searching Fool for Wool on FB. The profile pic is of my DD eating some wool lol.

I'm tempted to hop in the bath in a mo, OH treated me to some Avon bubblebath from the clearance booklet. Its Candy scented and it smells devine!!!!

x x x x

cw18

minnie2 wrote: »

ooooh i dont know, I was going to go to tax office to check the last years tax anyway as i started 2nd job last summer - but i didnt know you could claim.how would i go about doing that?

If Inland Revenue have to issue a tax code to more than one 'employer' (term used loosely, as in my case one is a penion provider), then they generally apply your personal tax code to one and set the other to 'BR' (basic rate) which means you're taxed at basic rate on every penny they pay you.

IF (and only if) the income from the place with the code using your allowance is less than your personal allowance (so you never pay any tax on that income), then you can get a partial rebate on the tax paid on the second income.

BUT if the combined income is more than you're entitled to at basic rate (plus personal allowance), they can also bill you for the extra which should be in a higher tax bracket (but it's better to be honest about it now, than have you calling for a lump sum payment in 3 or 4 years time)