The impossible dream

DeterminedSingleMummy

Please include me in your billionaire plans:rotfl:
Yours sincerely
Determined Single Mummy

Tahlullah

Made it to the end of he month. Everything paid for within budget. No borrowing from next months money. Fully budgeted for next month including the F1 which I forgot about - can't wait! And the dentist.

Also managed to purchase my holiday tickets without any financial penalty and without borrowing or putting it on the visa card. Over the moon about this. However, I don't have any spending money yet! But, I have 2 months to get that together, so should be fine. Next to save for is Rufus's hotel and then I can think about what I will spend over there.

I have 0.42p in my snowball debt account from this month, should hopefully be able to put a bit more in next month and will pay it in as a lump sum, but have to be careful to ensure it's paid in after the direct debit comes out.

Mortgage is doing fine and i am keeping to my agreed over-payment. Still have the dream of starting the New Year at £40k - we shall see how I do with my budgeting and squirrelling away, however that is less likely now I've booked the holiday.

Think I will join the madly frugal July club, where the intention is not to spend anything beyond essential bills and petrol in the month of July. It's NSD's on steroids. I will start with stocking up on milk today!

Anyway, feeling more positive as I haven't had to forfeit my holiday and still fulfilling my aim of overpaying whilst staying within budget. Rolling with the punches!

Shiney, shiney day!

armchairexpert

You're doing great! I will take a peek at the July club, but those guys scare me a little bit. Let us know how you get on.

Tahlullah

Blown it already. Clearly not got the hang of this 'no spend' malarky. Bought a new work bag. Old one is literally sagging and looks like a piece of old leather that should have been put out to pasture many years ago.

To be fair, I have had the same bag for 9 years, so it has done well. I question my judgement though as my concerns regarding having a job at the end of the financial year seems to loom larger every day. Will I even have need for a work bag?

Getting stressed and it's starting to affect my sleep. Was like this a year ago going through the closure of the old place and tupe of staff into this job. And here I am a year later and the same stress levels are beginning to build.

I have looked at the finances and I will struggle to downsize and I will struggle to find alternative work. Before, my age gave me experience. Now my age just makes me too old to employ. So, I really do have concerns going forward.

I will get to the end of the financial year and re-evaluate. Too late for this year as I have all sorts of expenditure, mainly related to holidays! I may as well go on them and then worry. Isn't there a saying about worrying before the event is worrying twice?

The worst case scenario is that I have to start paying a normal mortgage. But to do that, I have to have a job. As I said, get to the end of the financial year - I am unlikely to lose my job before then - and then look at what sort of income I would need to be able to pay a standard P&I repayment mortgage over the remaining number of years left. From there, I can see if I need a high level, therefore high paying job or just a job.

Until then, I will take this no spend target more seriously and see what I can do towards making more inroads into overpaying the mortgage when and if I can.

I thought I was already on an austerity drive! No, I was merely playing at it.

Welshlassie

Sorry to hear you're stress levels are rising. It's not good for you. Could you start looking for a new job now. They say it's easier to find a job while in a job, at least that way you can be a bit pickier about what you choose in stead of just saying yes to the first offer you get.

Having a plan about how to get out might also reduce your stress levels.

It's ok to treat yourself everyso often (that's what budgets are for), especially if it's for things you really need and otherwise you end up resenting the whole situation and are more likely to splurge even worse.

armchairexpert

I feel like I've missed something: why is the worst case scenario that you will have to pay a normal mortgage (do you mean a P&I?)?

I'm sorry you're stressed. Is it the pending/potential court case, or do you hate the job on its own merits?

Tahlullah

Thank you Welshlassie and Ace for the concern and good wishes.

I am a drama queen, so everything will be ok, including my stress levels. What will happen is I will get to a point where I don't care any more and everything will be fine. Never good for the employer, but great for me.

Yes, the worst case would be having to pay a P&I mortgage. For a start, I would have to pay it over the full term of the mortgage, which is another 13 years, as I wouldn't have any income to overpay, and my income will be much lower so I will have to pay the standard monthly payment.

The stress surprisingly isn't the pending court case - still haven't heard about that. So that will just add to my woes when they finally get round to it. No, I'm purely stressed about my current job at the mo, which may not be my current job for very much longer. Told them what I thought at work today. Well, people can only take so much.

Yes, I should be looking for a new job and will start in earnest, but very difficult. I really am very de-skilled in what I am qualified to do. And what I do do, is very limited, so finding a job I do now could prove impossible. What I used to do, I am so outdated, it's unbelievable.

So, stress levels are getting higher.

No worries, at some point, I will stop caring. What's the worst that could happen? Thousands of people lose their job/ income very day and they have to cope and adapt. I will just have to do the same thing.

shangaijimmy

Not sure I have anything to advise other than use it to vent and sound out thoughts. I'm sure it'll help!

TallGirl

Tahlullah wrote: »

The stress surprisingly isn't the pending court case - still haven't heard about that. So that will just add to my woes when they finally get round to it. No, I'm purely stressed about my current job at the mo, which may not be my current job for very much longer. Told them what I thought at work today. Well, people can only take so much.

Yes, I should be looking for a new job and will start in earnest, but very difficult. I really am very de-skilled in what I am qualified to do. And what I do do, is very limited, so finding a job I do now could prove impossible. What I used to do, I am so outdated, it's unbelievable.

Sorry to hear it's all doom and gloom with current job god can I recognise your feeling of being deskilled. I know we're both in the same sector where funding is dire which is why I'm trying to get out but as for deskillng I felt exactly the same however not anymore. After a month of volunteering back on the ground in my old role I hadn't done for 11 years and a load of courses and online tests you know what I can actually do it. I know you might not have a month off to redo everything or have access to free coursed like I did but don't think you can never change and go back. It's possible.

Fingers crossed things get better do take care.

armchairexpert

But why will you have to pay a P&I mortgage? I understand why having to do so wouldn't work for you, but I don't know why it's a thing that might happen?