Hi, My story or DIY career and Hot rod dreams

Modrodder

Hi All, It was stilojon on TV last night that got me on here.

Most of the other stories on spendaholics or money or your life did not really mean much to me, very interesting, but i saw some similarities with jons story

:eek:

Ok So I have generally been quite streetwise with money, even on £100 a week after leaving college, i managed to fund my first fastish car, an old fiesta 1.3 but it was a rust rocket and all mine..

2 years there went to uni to complete education so i could get into TV/sound studio production. took a course that offered mixed discipline and one that would take me on the strength of a BTEC!

Anyway as we all know Uni is when credit grabs ya. I was lucky to get in before they dropped the grants, and worked out that i could fund myself 100% grant covered rent, and loan covered food and bills, beer? :beer: and car Stuck with my employer part time which was agood excuse to keep car as i needed it, and worked throughout all three years, doing 4 nights in the final year was not wise but ther ya go I passed and only gained about £300 on my credit card and a full overdraft £1250, yeah I have 4.5k stu loans but you can virtually ignore that a 2.summat % plus i've not earnedenough to pay it off yet :rolleyes:

Ok so ended temping two years on virtual minimum wage for shameless temp agency, and famous bank :rolleyes:
Still spending my own money and paying chunks off overdraft, thanks to living at home with teh folks, no millionaire mind. got sick of being used by think managers and temp agency.

Continued with sorting a computer for project editing and looking for production work (over the years i have a stack of NO letters btw), and aaimed to do my own projects, i'm creative and have fresh ideas and multi skilled enough to go it alone...

Then had to help the girlfriends dad do building after he'd been operation. so i spent a year doing builder labouring! :rotfl:Meanwhile however (while pulling hair out) I did a business start up course over odd days ff, this was all the inspiration i needed. i was virtually credit free after sharing a one room bedsit with teh GF :rotfl: managing to buy a project car and a runner with my own money. :cool:

So where does it go painfully wrong?

I movce with teh wave and after being unable to save for production equipment (camera edit hard/software etc, accessories) i take teh plunge with a 0% credit card. how clever! :T i had a camera and a edit hardware on 0% credit agreement. since then finding time has been hard and i also got a slightly better paid job as a technician. i have moved away for Fiver an hour but not loads more. moved out to shared house, and since then swapped from card to card. :cool:

It was getting messy and i sold my projet but got offerd a very special (to me) car project for £2k at which point i went for a loan to consolidate the lot. :cool: decent rate too 6.9%

Paying £225 per month repayment was too much and cards and overdraft caught up. so i re did the loan after 1 year with a new loan 6.7% over 3 years at nationwide (recommended

Great only £155p/m but still too much, life and spending habbits on 'stuff i need' getting too much. getting another free car last year tipped the scales. great but to get it out of temp sorage. i spent £1k getting it going!
I now have a couple more virtually free projects and have sold a decent (but cheap car) cashing in £450 and this seems to of turnedinto this months bills :mad: :rolleyes:

So i'm in a pickle. loan, ( not sure how much is left (£4k ???) 2.3k with egg £700 with another card and £620 now racked up on ovd, and thats after selling on....

Modrodder

It seems month by month after the man robs my money for reant bills tax i'm £200 over ....

Modrodder

If anyone has read this far, it seems just hitting the bills is the hardest bit. and you have gotta live too right? yeah. i don't go partying much these days, so living a standardish life is difficult, yeah i buy a few car and bike bits but spend no more than someone who pays to have their car serviced.

So my current quick fix plan is to put the car i did up last year on the market once its ready to sell, it may fech anywhere between £500-900 which should sort one balance, then sell some odd bits i have which may kill a few hundred. I have then been offered a fiesta 1.1 thats going begging, its gonna be a dull years motoring but if i'm creative could be fun. I wanted to get my propper project done. but i can see now spending money in one go could be silly, quite sill, so the shows will be done this year in my comedy 55hp Fiesta! now just to find £400 for tax and insurance...

Bottom line. It would be nice to only have my loan hanging over. long term i may have to look at a new job, or even leaving the country... :-/

anyway hope that wasn't too boring for you all.

(BTW sorry for spellings etc, just wanted to get my first posts out )