The Ultimate Incentive part 10. The only thing holding you back is you.

Birdie85

Wow, that is a heck of a lot of money to be spending on petrol! I don't really know what to suggest either other than looking into getting a more economical car like you're already doing.

Well done on another big lump getting paid off the debt though! :T

ruby_eskimo

That's an eye watering amount of petrol! If going down the diesel route is going to work out cheaper in the long run then I would definitely seriously consider it.

Well it's official, I'm getting married on 29th October 2015! Signed the contract on the venue and paid the deposit today, as well as confirming with the registrar and taking out wedding insurance. If you're interested in seeing the venue, the link is here.

Dinah93

That looks really beautiful Ruby, and congratulations on booking somewhere!

ruby_eskimo

Thanks Dinah! It was the first place we saw and as soon as we walked in my heart fell for the place.

Just seen how much money you've paid off since January! You should be so proud of yourselves.

Birdie85

Ahhh, congratulations on setting a date and securing a venue Ruby! Looks beautiful, I'm sure it'll come around soon enough too!

Lara44

Ruby that is sooo pretty! Congrats

wendz86

Wowzers with the petrol Dinah, definitely sounds like you need to weigh up the options.

So exciting Ruby! OH's dad and his fiance have a brochure for that place and i was looking, looks gorgeous .

Dinah93

So, playing around with numbers some more. NIMs daily rate means that we have £30.58 a day after tax, pension etc left for everything else (freaking depressing that 2/5 of his income goes on just getting to the job). So I'm thinking I might challenge myself to make that much a day for the next few months to boost the debt clearance, in essence make as much staying at home as he does working. If I counted the fact that childcare at the nursery we were going to be sending her to was £28 a day, and we're saving that by me being here I'd make a complete mockery of my money making/saving . So to challenge myself a little, I'm even going to backdate it to 1st Feb, meaning I have to have £856.31 extra made in Feb to equal what NIM brings in. I think I might have about done that already this month

We also realised we'd actually be better off with him working 30 hours a week at the care home, and having tax credits than we are right now. Which is mad. But obviously where he is now has career progression and that wouldn't.

duchy

Quick delurk
Does NIM have to drive ALL the time Dinah? Are there some journeys where public transport (especially if he can plan ahead) would make more sense financially ? I know he was MSing before- can that not be used to offset some of the petrol costs? Eg reduce the daily rate (eg £20.58 less say £15 MS fees makes the daily rate a lot more digestible) plus expenses with MSing offset more tax.

Dinah93

Hi Duchy, thanks for delurking. Unfortunately the train is £48.90 a day, so its not an option at all. He does do some mystery shopping still, but the money from that has been going into a separate account as his consultancy needs to pay out two lots of interviewer costs which are about £600 each soon. So between the consultancy and the MSing yes he should get a little tax relief, but the consultancy's profits will mean he does pay tax on it, but yes the MS will reduce it. Phew! Really need him to get another tender through the consultancy at this point as the one hes working on at the moment is over half way through.