Caz counts it down

gallygirl

cazmanian_minx wrote: »

Nice Elance person has pinged me to say she's been let down by another transcriber and could I do a couple more files for her? Of course I can

How dreadfully inconvenient for you .

dawnybabes

Ooh sounds like the start of a wonderful relationship :-)

Cwtchie

Always something better round the corner pleased for you x

Verbatim

Sounds as if this could be the start of a great working relationship.

cazmanian_minx

Did the nice Elance person's files yesterday afternoon and sent them back - she has asked if I'd like anything over the Easter weekend She's having a look through what she's got today and will let me know. I've also pitched for a few more Elance jobs, one went to someone else (who is the highest-earning UK-based transcriber I've seen on there, so really nothing to feel bad about there) and the others are still deciding, so we'll see.

I had to get up early this morning to drop Mr Minx at the station, he's away to Aberdeenshire to collect the L200, so I'm expecting a phone call at some point this afternoon asking me to sort the tax out before he drives it away. He's stopping overnight in Inverness and then taking a leisurely drive up tomorrow.

I'm having a laundry day - first load is on, got another three to go and already have a basket-load of ironing, but I have sole control of the remote tonight so as long as everything dries in time, I should get it all done and put away.

Just £205 short of the VAT money being saved up now and the business bank account is still in credit. Waiting for my eBay invoice to be calculated, I've budgeted £250, it's currently showing as £213 owing, but I'm not sure if they've added the shop fee on yet or not, so I could be over or under. Given how quiet it was sales-wise, I'm hoping that that includes the shop fee, but then they'll be adding VAT onto it now as well, so I could be wrong.

cazmanian_minx

I've just been plugging all my YNAB numbers for the year into the SOA calculator. Not looking too bad.

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 2100 (this goes up and down depending on what sort of month I've had, but after Mr Minx's half of the bills and half of the shopping has come in, I'm usually guaranteed to have at least this)
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2100

Monthly Expense Details
Mortgage................................ 737
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 113
Electricity............................. 136 (from May 1st)
Gas..................................... 0
Oil..................................... 20
Water rates............................. 0 (Scotland - included in council tax)
Telephone (land line)................... 0 (Comes out of Mr Minx's account)
Mobile phone............................ 3 (Yes, really, and that's probably on the high side!)
TV Licence.............................. 12.13
Satellite/Cable TV...................... 73.75 (Just got a letter from Sky saying it was going up by £4.50, which will make it this - may have to have a chat with Mr Minx about the Movies channels, which we rarely, if ever use.)
Internet Services....................... 0 (Comes out of Mr Minx's account)
Groceries etc. ......................... 375 (Room for improvement here, but getting Mr Minx into Lidl is hard - he's fine until we get to the tills and then there's a lot of grumbling about not being able to pack at the checkouts)
Petrol/diesel........................... 70 (has been less than this for the past few months and will go down even further once I'm not going to the post office every day)
Road tax................................ 12.68
Car Insurance........................... 16.5
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Medical (prescriptions, dentist etc).... 10 (NHS dentist, contact lenses from VisionDirect, free eye tests and prescriptions in Scotland)
Pet insurance/vet bills................. 150 (ah, the expensive bit Now Finn isn't going through a tub of Protexin AcidEase at £80 every 2 months, this should go down too)
Buildings insurance..................... 15
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 30
Haircuts................................ 0
Entertainment/Clothing/Haircuts......... 50
Holiday................................. 40
Emergency fund.......................... 50
Total monthly expenses.................. 1944.06


Assets
Cash.................................... 6414.32
House value (Gross)..................... 175000
Shares and bonds........................ 0
Car(s).................................. 2500
Other assets............................ 0
Total Assets............................ 183914.32


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 117900...(737)......1.6
Total secured & HP debts...... 117900....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Halifax........................4930......49.3......0
Total unsecured debts..........4930......49.3......-


Monthly Budget Summary
Total monthly income.................... 2,100
Expenses (including HP & secured debts). 1,944.06
Available for debt repayments........... 155.94
Monthly UNsecured debt repayments....... 49.3
Amount left after debt repayments....... 106.64

Personal Balance Sheet Summary
Total assets (things you own)........... 183,914.32
Total HP & Secured debt................. -117,900
Total Unsecured debt.................... -4,930
Net Assets.............................. 61,084.32

Created using the SOA calculator at www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using Firefox browser.

cazmanian_minx

No scores on the doors today because they're unchanged from last week - everything's being funnelled into the VAT box on YNAB! The eBay bill is in, £247 and change. I've got another £172 to put aside for the VAT, then I need to put aside £496 for Royal Mail, due on 22nd April, then I can start throwing money at the remaining business overdraft. Paying me anything from the beads this month is a very, very long way down the list of priorities! I'm leaving all my Elance money sitting in Elance (not that I can withdraw it until they verify my PayPal account anyway), just in case I need a cash boost, but hopefully I'll be okay.

Nice Elance Lady (NEL) sent me another file yesterday afternoon, 63 minutes, which I finished this morning and sent back - total earnings now about $93 I think I'm going to try and promote myself as a business and finance transcription specialist, as I enjoy that kind of file far more than listening to a group of people discussing biscuits. I'm going to approach a few university departments and see if I can find myself some post-graduate business/management/economics students doing research who need interviews transcribing.

cazmanian_minx

Oh, and I managed to get Mr Minx into Lidl for a second week in a row - miracles will never cease!!! He went and picked the L200 up yesterday, stayed in Inverness overnight and then drove it up here this morning, so the trailer is booked in for repairs on Tuesday.

cazmanian_minx

Right, more or less up to date with my accounts. As far as I can calculate (and this may change a bit because I've taken a rough guess at my mileage allowance for the bead shop, I haven't worked it out properly yet), my income from beads and transcription/PR is £19,825.50 (£7025.50 of it transcription/PR, which definitely needs to increase a bit!). That's going to land me with a bill of £982.55 for tax and £1,068.26 for Class 4 National Insurance. Payments on account will be £1,564.18, so my HMRC payments for 2016 are going to be £1,564.18 on 31st Jan 2016 and £1,025.40 on 31st July 2016 - UNLESS my accountant can convince HMRC that because I'm closing down the bead business, my income will fall next year and therefore my payments on account shouldn't rise as much.

To be honest, I'm rather hoping my income won't fall next year - and if it does, I can get my accounts in early before July 16 and get that payment altered. I've already got £1,782.77 stashed in the tax & NI pot on YNAB, however I've got £756.02 to come out of that in July. Still feeling well ahead of the game on this one though

cazmanian_minx

I'm knackered! An hour of shifting hay bales, two and a half hours of shovelling manure, stopped for lunch and my lower back decided it didn't want to start again, so I had a couple of hours on the sofa eating an Easter egg and catching up with the Blacklist, then went and fed the horses, did a few minutes of in-hand work with each of them and then finished the day by photographing some of next door's lambs.

Gardening tomorrow....