Advice/thoughts on how to cut my hours and still get same pay

soulman247

Hay,

I am 19 and work 45 hours a week, I am looking to quit my job or reduce my hours any help on how I can go about doing this and still be able to live/get same pay or more.

-I currently have 1500 in fixed rate isa for 2 years (4% interest)
-Just opened a e-saver (3.30% Monthly paid)
Both with Santander

i get 1000 a month pay (average no sunday pay included)

This is all I have and am currently doing so suggest anything I should do.

soulsaver

Dunno about your question... but good choice of music!

CLAPTON

get a better job with more money and fewer hours

then leave your present job

soulman247

There must be a way, e.g live of interest and work park time any more suggestions like this

Dunroamin

soulman247 wrote: »

There must be a way, e.g live of interest and work park time any more suggestions like this

I know MSE advocates frugal living but I fear that living off the interest from £1,500 is taking the whole thing a bit too far!:rotfl:

mildred1978

soulman247 wrote: »

There must be a way, e.g live of interest and work park time any more suggestions like this

:rotfl:

I've a couple of hundred £k in the bank and I can't afford to live off the interest. You're getting £60 a year. I doubt anyone can live on £1.15 per week!!

You'll have to get a job paying a higher hourly rate to be able to work less and earn the same/more.

soulsaver

Live of the interest on £1500? I think you need to brush up on your math.


Your legal choices are simple:

Get a better paying job.

Get more money for the job you've got... Ask for a rise?

Or find a part time job (as well) that doesn't feel like a job...Barman?
Projectionist? Busker? Stand up?

soulman247

I can save 350 a month for 1 year plus 1500 grand is 4500 saved plus no interest added. What you think i want to live but work less hours and not change my job

mildred1978

soulman247 wrote: »

I can save 350 a month for 1 year plus 1500 grand is 4500 saved plus no interest added. What you think i want to live but work less hours and not change my job

From your previous threads you seen to have no mathematical/financial understanding at all.

With a 5% interest regular saver (average) plus the ISA you'll get around £140 interest a year, after tax.

You're taking home just over £5 an hour, so you could drop 28 hours a year and use your interest to cover them. A whole 32 minutes a week. Wow.

soulman247

Wait 2 years for isa to mature (1500 with 4% a year), save up 350-500 a month 2 years (3.20% month) take the money to put after 2-3 years on a rental property rent house save money and some rent for 2 year the cut hours done. (need to pay mortgage or do with my dad as he said he would)

Rent will pay for mortgage

oldvicar

mildred1978 wrote: »

:rotfl:

I've a couple of hundred £k in the bank and I can't afford to live off the interest.

Soulman: I suggest you marry Mildred. Although she clearly leads an expensive lifestyle, her capital should keep you (both) for 10 years or so.

Mildred: What could you possibly want with a 19 year old? Marry me instead.