Living @ home and hating it

cassidy0111

Another no spend day today!!

cassidy0111

Monthly take home pay- £1871

Credit cards....
Halifax Credit £0 @ 19.95% APR

Hire Purchase
RCI Financial £276 per month (in the process of VT)

Contribution to parents....
£200 per month

Mobile phone/internet....
£40 per month

Other expenses....
EIS union @ £12.30 per month (I need this for the legal cover it provides)

Gym membership @ £28.50 per month (I use this everyday for gym/swim)

cassidy0111

In the process of Volutary Termination of my car! I no longer need my car as was Compulsory Transferred to a new school as a result of falling roll at my old school. I can now get to work in 3 train stops!!

My Car Tax is due at the end of the month and I will cancel the 12months insurance I purchased in July.

I am currently saving towards a mortgage and have about £9000 in savings and parental contribution.

mark55man

well done - what a great diary

just reading from start to finish (you ought to try it) and you see such good progress.

You really seem to have turned it all around - as a person much nearer than you to retirement I was impressed that you didn't seem to begrudge the pension money. It is a long time away but my OH is a teacher and its a really good scheme over your lifetime. its unlikely that any other £'s you spend to return as much to you over your lifetime

cassidy0111

mark88man wrote: »

well done - what a great diary

just reading from start to finish (you ought to try it) and you see such good progress.

You really seem to have turned it all around - as a person much nearer than you to retirement I was impressed that you didn't seem to begrudge the pension money. It is a long time away but my OH is a teacher and its a really good scheme over your lifetime. its unlikely that any other £'s you spend to return as much to you over your lifetime

I think I will have a read from start to finish!

I have never really thought about the pension scheme. I am now at the top of the pay scale and after student loans stop I will clear about £2009 a month. In Scotland we have moved to a faculty system and abolished our chartered teacher scheme so there is little chance of promotion for me now.

mark55man

lol - sometimes the decisions you make without thinking/realising are the best. All the professionals on the pensions board say a teacher's scheme or Local government scheme is quite literally one of the few no brainers there are.

sounds a bit bleak on the job front, but (not from scotland so don't know) in the english system there are always extra responsibilities you can try for some of which carry extra payment points - if my world that's promotion

I can't believe any system that disenfranchises a generation will be around for too long - it may mean you have to move to get promoted but that's a decision we all have to face

cassidy0111

mark88man wrote: »

lol - sometimes the decisions you make without thinking/realising are the best. All the professionals on the pensions board say a teacher's scheme or Local government scheme is quite literally one of the few no brainers there are.

sounds a bit bleak on the job front, but (not from scotland so don't know) in the english system there are always extra responsibilities you can try for some of which carry extra payment points - if my world that's promotion

I can't believe any system that disenfranchises a generation will be around for too long - it may mean you have to move to get promoted but that's a decision we all have to face

Yeah, I think I will stick with the pension!

I have been teaching seven years. Until recently we had a Chartered Teacher scheme. This allowed teachers to study for a master's qualification in education and receive a nice pay rise.
My school has about 90 teachers and the following promoted posts (roughly)
Head
2 Deputes
7 Heads of Faculty 1 Head of Pupil Support

The jobs are very highly paid on the promoted pay scale but I would not want any of them as the remits are far too big.

mark55man

My kids school has loads of heads of year (pastoral), on top of heads of department, and I think its organised so that each subject has a lead (ie you can be head of physics but not the science faculty head)

all of these will probably help you feel more confident in due course trying for one of the bigger jobs.

what you say about the chartered teacher does sound like government changing goal posts, but if you have it you will still be better off especially later in your career when it may be harder to get one

Also personal experience here - being a bit grumpy about promotional prospects can move them further away - you just need to do the right things !!

A bit heavy for 10:30pm but there you go. I will enjoy reading your next steps - if you get a mortgage and start up on the MFW (mortgage free wannabe) let is all know here!!

cassidy0111

mark88man wrote: »

My kids school has loads of heads of year (pastoral), on top of heads of department, and I think its organised so that each subject has a lead (ie you can be head of physics but not the science faculty head)

all of these will probably help you feel more confident in due course trying for one of the bigger jobs.

what you say about the chartered teacher does sound like government changing goal posts, but if you have it you will still be better off especially later in your career when it may be harder to get one

Also personal experience here - being a bit grumpy about promotional prospects can move them further away - you just need to do the right things !!

A bit heavy for 10:30pm but there you go. I will enjoy reading your next steps - if you get a mortgage and start up on the MFW (mortgage free wannabe) let is all know here!!

Thanks. I do not fancy a move to England as I am settled here, so I guess I am stuck with the Scottish system!

I was just talking to a colleague on Friday about the fact that we are probably at our peak earnings so early in our careers but neither of us fancy a faculty head job as we both value our quality of life.

And yeah, the chartered teacher was brought in at the same time as agreement was made on the new promoted post structure. The idea was fewer promoted posts, more freedom for teachers.

cassidy0111

Monthly take home pay- £2005

Credit cards....
Halifax Credit £0 @ 19.95% APR

Contribution to parents....
£200 per month

Mobile phone/internet....
£40 per month

Other expenses....
EIS union @ £12.30 per month (I need this for the legal cover it provides)

Gym membership @ £28.50 per month (I use this everyday for gym/swim)