The black sheep returns...

elantan

wow aesop that sounds like a fun xmas time ...

ok i really dont have a clue ( obviously) but isnt halloween a pagan festival brought in by the christians to try and get the pagans to come on over ( to the dark side maybe lol)

weve been here over ten years now and have never had a kid at the door ... i have to admit the place does look like there is no one in as the living room etc is at the back of the house ... we used to buy things for the kids but after the third year gave up

elantan

incidently miz i still want your address flapcakes and fudge ... oh yeah

mizmir

Karmacat wrote: »

So the "worst case" is one income, no house sale and no renters? Good grief, that *would* be a bad'un ....

In that case, I'll join you on the MB!!!

Sadly the worst case includes renting but not selling. Not even going with not being able to rent it out - I don't think that is realistic (and if it happened we'd have to cut the price to rock bottom to sell). But the rent covers half the mortgage - the other £1K is debt repayment (most of which would be cleared by house sale). Oh dear. :o

Double_Trouble wrote: »

You will get this sorted and you have already made a huge difference with your cutbacks :T


DTxx

Yes we will. I am going to keep the positive energy. We have various bits of extra income coming in - including 3 months rent being covered by relocation. But OH gets a lot of extra bits - editing, reviews, examining etc which bring in 3-4K a year and I have royalties/consultancy which does about the same. I reckon between us over the next 6 months we will have about £5K extra that we know about plus about £3K more relocation. So question for you.

With the uncertainty about the house and the certainty of my job ending in May - would we be better to keep throwing that at the debts or hang on to some or all of it as an emergency back up fund? I know that Martin says always pay the debts first but in this case I am tempted to put it in the offset and build up a reserve. I'm wondering whether to put these big amounts that we know are coming aside as a back up fund and then use all the extra stuff I get from MB, dog training etc. against the debts. What do you think?

mizmir

elantan wrote: »

incidently miz i still want your address flapcakes and fudge ... oh yeah

Let me have yours and I'll send you some - save you the trip!

mizmir

Just back from the emergency vet - dog gashed her foot in the bushes - some idiot must've thrown broken glass in there. :mad: She lost a lot of blood - I could see the bone of her claw in the cut. OH was fab and carried her the mile or so to where I could get the car to pick her up and she is now recovering on the sofa (the dog that is not OH - though I suspect she will join her soon!) with a big bandage on. Hopefully insurance will cover most of the cost but could do without the stress! Thankfully I wasn't on my own (which I am during the week). Don't know how I would've got her back. Am going to carry an emergency kit in future.

elantan

hey theres an idea ... lol ... or even the recipe and i can try it out myself ...

Double_Trouble

Sorry to hear about the dog :eek: but I can see dog and OH crashed out on sofa :rotfl:

With regard to the question about paying off debts as you have an offset account I would put it in there as you are in effect paying off debt as you are saving the interest but it is readily available should things go really pearshaped or if things go well you have a lump sum saved which you can then pay off a debt with a higher interest rate.

That in effect is what I will be doing when I start tackling our mortgage putting as much as possible in offset but know it is there for a real emergency I am thinking car here as mine has done over 170k and I can't expect it to last for ever ......... or can I :rotfl::rotfl::rotfl:

DTxx

Aesop

oh no, your poor dog

mizmir

Double_Trouble wrote: »

With regard to the question about paying off debts as you have an offset account I would put it in there as you are in effect paying off debt as you are saving the interest but it is readily available should things go really pearshaped or if things go well you have a lump sum saved which you can then pay off a debt with a higher interest rate.



DTxx

Thanks DT - I hadn't thought of it like that (the offset paying off a debt). At the moment most of the cards are on 0% deals or long term low rates - there is one which isn't which will be concentrating on with the other stuff. So the 5.75% that we are paying on the mortgage is not unreasonable to focus on. Will definitely do that - put the big sums in there and then once the house is sold (see - keeping the positive thinking!) will have it to clear some debts or as savings. Thanks.

GreyhoundAngel

Awww, poor mite .. paws crossed here that the furball recovers soon :A

I too would suggest putting a good sum in the offset ... it's still a debt after all - but does allow you the flexibility of using it if you really needed to.

Angel xxx

PS ... can I have some cake too please