Hypno's kick up the backside debt diary....

hypno06

Thanks Seaxwyn, but don't worry - I have provision for tax. However last year was my first year as self employed and the expenses incurred in setting up meant that tax was not an issue last year. By the time I had added in all my retraining costs, the cost of buying and erecting the cabin to work in, all the gubbins that I can claim eg contribution to heating, water etc, plus the fact that my income for first year in business was fairly low due to being new means that I fell below the threshold last year.

This year will not be greatly different, but I am allowing for tax. I work out my "profit" month by month and put an appropriate amount away. Don't want to be caught out by the tax man - have had a backdated demand for NI which was bad enough today at £29.50!!

hypno06

Storm wrote: »

Also Hypno, you've said before how much happier & less stressed you are working for yourself, so think how much you've saved in 'comfort' spending!

It is true - for example we "needed" a holiday before, because everything was so stressful - so a lot of money would be spent just to get away from it all.

Now, we are lessed stressed and a week in Devon does us just fine! The rest of the time, the children are much happier by being able to be here, rather than being taken to holiday clubs at the crack of dawn, so that is a holiday in itself for them (and I just escape to my cabin to get away from the bickering :rotfl: ).

Seaxwyn

Well done for being so sorted on the tax front.

I think I need a holiday MORE as a freelance! At least in a job you have colleages to ask for advice when you're not sure, have a moan to when things don't turn out right, and have a beer with when you need to chill. As a freelance I have to present a confident, professional face to my clients at all times and take total responsibility for how projects turn out.

Also, in a job, you can go home at the end of the day and have weekends off, whereas my work is always "there" as it takes place in my front room. So I tend to work most weekends, and often in the evening.

Sorry - having a moan - I should do that on my own thread!

Perhaps we need a freelance/working from home support group on here - or does anyone know of one somewhere else?

Sea78

Hey Hypno - hope you're having a good day today - just found this smilie and it reminded me of you!



Sea xxx

taxi73

Hi Hypno...glad to see you are doing well as usual...you're post earlier about what you saved in a year reminded me of the one I posted a while ago wow I'm going to be rich...it's amazing how much can be saved in a year.Best of all saving all this money is whats keeping my head above water now.Well done on putting money away for your tax I still haven't done this but will make it top priority when I go back to work as the CCs don't need to be paid in full until May.

hypno06

Helloo!!

Sea - love the smiley. Thank you!! It is definately me!

Seaxwyn - mutual support group for those working at home - it is called MSE!!! There is loads of support around here - "women in enterprise and moneysaving"

Taxi - it was your original thread about this that got me thinking this week. So thanks for the inspiration!!

Today I have not done any matched betting because I couldn't get the spreadsheet to load :mad: I have done the letters for the next stages of OH's bank charge reclaims but he has not signed them, and has now gone out so they couldn't be sent :mad: The cost of Karate has gone up and I owe £124 in backdated fees because I didn't amend my standing order :mad: and I so do NOT fancy pasta tonight for dinner but have no money to go and buy anything any more inspiring :mad:

Right, that is all the :mad: :mad: :mad: :mad: out of the way. Now better find some for the weekend!!

Sea78

What else have you got in that could jazz the pasta up a little?

hypno06

I have loads of stuff I could use, I suppose, but I am just not inspired by it. DD has a big bowl of cheesy pasta right now, and DS has leftover chili with his pasta.

I think I will do something with olives and feta cheese. I have some frozen spinach so could use that too with some nutmeg. Will be an interesting concoction if nothing else!!

LookingAhead

Yummm feta & olives - I repeat, YUM!

hypno06

Decided to save the feta and olives for tomorrow - quite fancy them with a salad at lunchtime.

But, in my fridge (quite scary what you can find when you have a rummage) I have some bacon misfits, two mushrooms, some tomatoes and some brie that would run out of the fridge given half a chance. So with the spinach as well I am going to make a cheesy, bacony, spinachy pasta with a roughly chopped tomato in it.

Quite looking forward to it, now I have thought about it!! Thanks for not persuading me to have a bowl of cereal or some toast!!!