Memorygirls - The Matrix Re-inspired

Firewalker

Memory_Girl wrote: »

Thanks hon - will go on and have a look at "estates dept" later. Although at the mo £500 is beyond me but you never know.


MG

If any of this is true let me know - the Universe works in misterious ways.

FW

Firewalker

The budget tool on this website is annual - and very useful at that. I am not technically advanced sufficiently to post a link but it is here; I use it (downloaded).

FW

maryb

what I really need is a cashflow predictor. Budgets are fine but it doesn't really help to divide your annual expenditure by 12 if you have got a big item coming up soon - and you have to start from where you are.

Microsoft Money has one but it's not very user friendly.

clairewop

Right I'm off into town, have posted on the other side, nothing to do with the jewellery, but some other advice if anyone can help

Firewalker

maryb wrote: »

what I really need is a cashflow predictor. Budgets are fine but it doesn't really help to divide your annual expenditure by 12 if you have got a big item coming up soon - and you have to start from where you are.

Microsoft Money has one but it's not very user friendly.

This is what the annual tool pretty much does - there are sections on different timeline events (including funerals). The unpredictable element can be income - particualrly for self emloyed people and others who do consulting on the side.

As to your last point - this is about doing all possible to build an emergency fund or, as a call it, a cushion. Opinions vary on this one but most agree that initially £1,000 in an emergency fund is all one needs. Once negative wealth (apart from mortgage) cleared one can consider having couple of months living expenses - decisions on this one depend on personal situation. Not much point having £30,000 emergency fund in case you lose your job if you will get redundancy payment, for example. If you are not getting this, however, the logic can change and a different decision made.

FW

MrsMoo2U

Oooo, rushes in excited. Need to share! Remember last week I asked for positive vibes to help me sort a situation? Well I just had a phone call that might do just that!!!!!! Waiting on a call back later so ladies please, please keep me in your thoughts when focusing on positive energies. I will love you all for ever.

I am working but just quickly wanted to say
Souk agree parents are lovely. Hope you get lots of lovely things for the holiday - tell more where and when is it
MG why would you need the £500 available for the Montessori building. Could it not be a charity set up? If you have enough people interested in sending their children then could you get a committee together to pay X amount each and then start raising funds that can be drawn back.
Maybe this is a teleconference discussion for the other side - ways to raise the money??????? After all we did pretty well with the Kits for Kids last year whose to say we cant come up with some inventive ideas for this.

Memory_Girl

I knwo what you mean Mary - you have to start with where you are right here today.

I've got a list of goals in the front of my notebook that I wrote coming out of that horrible "73p and three nappies" day.

1. Set up new account and build up a £500 operational budget in there (the figures go up and down throughout the month but should end the month at or around £500). That's a big enough first step cushion to stop me having cold sweats about Tax Credits not paying or washine machine breaking.

2. Come to a sensible arrangement of what I can afford to pay the big Horse Bank back for their debt - in my case £230 every 4 weeks - still working within the £500 operational budget.

3. Start an online savings account where ever penny over £500 atthe end of the month gets swept into a "storecupboard fund". Use that money to get the very best value in creating and stocking a kick-!!! storecupboard. Decide to take 2 years to "Make Do and Mend" with no uneccessary spendies.

4. Periodically have ultra frugal challenges with myself to build up reserve pots to set aside for the annual bills (my goal was to get every bill on annual payment in 2 years) - so if I couldn't pull together the funds they had to remain on monthly plans until the next renewal IYSWIM.

5. Use the few pounds per month saved by going annual to restock storecupboard to give me 6 months basic survival foods. Seed a garden to minimise veggie spends on top.

THIS IS WHERE I AM :j:j

6. Have an Ultimate Storecupboard Challenge combined with a back-to-basics renegotiate all the bills session (got moby down to £8) and collect rest of spare pennies to build the bedroom for DS2. (Ordering plasterboard tomorrow according to Mr Fantasia's shopping list)

7. Let the two downstairs rooms to some students and use the funds to finish paying off the Big Horse Bank, then to start regular overpayments of the mortgage capital. (College been around to "approve" the rooms already)

8. Back to work in my Dream Job. (more on this soon - as we know this has changed significantly)

9. Have a "handmade Christmas" - because we CHOOSE to rather than because we HAVE too. (I've started knitting my advent calendar :cool:)

10. Walk into the Big Horse Bank at 5 to 5pm, on a Friday before a bank holiday with all my Matrix Girlies and pay off the mortgage in £1 coins.:j:j


................ and I can't wait for the last one:T

Memorygirl

Dinah93

Afternoon everyone. Can I post business things here? I'm aware there is another forum/thread somewhere. I officially hired someone to do our website on Monday, and today he has told me it will be mid June hopefully when it is all finished. Very exciting but scary too, a lot of money to pay out and the business is finally starting to feel more real. I feel a bit lost and like a kid playing at being a grown up setting up my own business, but I figure I'll get there in the end!

Last nights to do list failed spectacularly, I got distracted as I had a splitting headache and hayfever and just lost the will to do anything. Tonight is a lost night too, boss's retirement party. At least we're nearly back to the weekend!

tellmeitsfriday

Memory_Girl wrote: »

Walk into the Big Horse Bank at 5 to 5pm, on a Friday before a bank holiday with all my Matrix Girlies and pay off the mortgage in £1 coins.:j:j


................ and I can't wait for the last one:T

Memorygirl

Mmmm it would be much more fun to use a mixture of coins - then the coins would all have to be sorted first

Evil? Me :O <angelic grin>

Dinah93

tellmeitsfriday wrote: »

Mmmm it would be much more fun to use a mixture of coins - then the coins would all have to be sorted first

Evil? Me :O <angelic grin>

I LOVE the idea of going in with lots of £1s to pay off the morgage! But the bank would make you sort them if they're not sorted into bags already in full ammounts - I did a bake sale for Japan a month or so ago and hubby counted and sorted it all but didn't write on the bags, I had to do it all again which drove me mad as I'm sure they could have weighed them!