Mr and Mrs K's New Journey to a Debt Free Life.

AlexLK

snookey wrote: »

Alex well done to your wife for getting a pay rise.

Your debts will be a thing of the past if you keep going at this rate. Thats a massive amount from your auctions.
So glad your feeling better but try not to do too much until your fully
well.

Her pay rise has been long overdue. I've been telling her for ages not to let them think she absolutely loves her job, as I'm convinced they probably think "hmmm, this one will probably work for a bit less as they don't need the motivation to get here in the morning". :rotfl:

Thank you, the last lot of eBaying was just for "junk" we no longer wanted, so I was rather pleased with what it made too.

I know what you mean about trying not to do too much until fully well, yesterday I was working from 10.30-8.00pm which didn't really help matters. Seem to be paying for it today, not very well at all. However, work is on the quiet front today.

Mara_uk7 wrote: »

Oh Alex , ive just realised I dont have a sports car either ... Now Im miserable.

Your dear wife needs a reality check.

Good job one of you is attacking the debt problem, else goodness knows where you would have been in a years time.

Nursery day ! Have fun .. Both of you

Well I'm ever so sorry to have spoiled your day so early in the morning, Mara. She's not really very happy about the car situation and has taken the Triumph to work today. Her other idea was to sell her 5 Series and buy a sports car, reason being "we don't need two "family cars"."

At the moment she really seems to be "in a mood" about helping out with son altogether, yesterday she didn't pick him up from my parents as agreed leaving father ringing me extremely worried about her. I was too embarrassed to tell him the truth (that she wanted some "time alone") so said she'd been held up at work.:mad::mad:

We are both trying re. the debts and she understands that she's not getting another car until the debts have been cleared and we have saved the money.

:rotfl: Do you think I have not already been reminded it is nursery day already by a certain someone?

7roland8

Glad you and son get on so well together anyway Alex.

I know as parents we often crave 'me time' or peace and quiet - but leaving him with an old couple so you can have it is just not on - after they'd been looking after him for ages anyway.

AlexLK

Roland: Thank you.

And, yes, I didn't think it was on either. I do understand my wife's reasons and know it must sound terribly bad when I say she's not really interested (at times). Fortunately, she does not make her feelings obvious in front of son ever and they do have some good times together also.

Mara_uk7

Alex, your lad is lucky to have such a great loving dad. Never doubt yourself there, You, at least, have his interests at heart first & foremost.
He will always remember good times that you spend together.

AlexLK

Thank you, as I've said numerous times before I try my best though I don't suppose I'm perfect either.

LannieDuck

Been catching up with your diary after being away for the weekend. Two things jump out at me:

1. I can understand your wife not wanting to get involved with paying off 'your' debts. Whilst I would argue that some of it should be her debts too, I think you'll manage to deal with the debt pretty effectively by ebaying etc. So probably not worth too much of an argument.

BUT you both need to balance your budgets going forward. If your outgoings are more than your incomings each month (ignoring debt repayment), you both need to agree where else to cut. That's very definitely her responsibility as much as yours. If she's not prepared to do this, then she will be getting you both into debt in the future.

2. It struck me that it's possible your parents want to start passing some money onto you and Little K now, rather than when they get older, as a way of avoiding all the inheritance tax problems. If they pass it onto you within X years of their deaths, it can create problems. So they may prefer to do it now.

Granariesgirl

Hi Everyone, Hi Alex,
I hope things are looking up on the health front; can see things are looking better financially!

AlexLK wrote: »

my parents want him to go to my former prep school.

What THEY want shouldn't even be considered: it's what YOU & Mrs K want, what you think would be best for Little K & what HE wants - in that order!

AlexLK wrote: »

my father hotwired his old Jag when it wouldn't start and he was picking me up from school - the autobox inhibitor switch had failed. :rotfl:

Class! :rotfl:

AlexLK wrote: »

I do find it amusing how you think Mrs. K. and I may choose to have another child. That. Is. Not. Going. To. Happen.

That's why I put it as an option - not everyone wants (or can have) more than one & I'm definitely NOT one of those "everyone needs children" Ayatollahs! :cool:
The only reason we had a 2nd was 'cos as an only child I would have LOVED a brother or sister & didn't want to regret not doing so. It was either none or 2 for us! Though sometimes with the squabbling in the house I wonder if 2 was such a great idea!:rotfl:

(but wouldn't give either of them up for the world)

AlexLK wrote: »

As for my parents, I'm not sure I wish for them to pay for my son's education or anything else at the moment. Father wants us to move there and for them to move out. However, I'm not sure I wish to receive anymore handouts from them.

You are SO right there! Start looking at what YOU & your family want & need.
You have started to take control of your life, don't let them take over again - even if they are wanting to do it with the best of intentions!

AlexLK

LannieDuck wrote: »

Been catching up with your diary after being away for the weekend. Two things jump out at me:

1. I can understand your wife not wanting to get involved with paying off 'your' debts. Whilst I would argue that some of it should be her debts too, I think you'll manage to deal with the debt pretty effectively by ebaying etc. So probably not worth too much of an argument.

BUT you both need to balance your budgets going forward. If your outgoings are more than your incomings each month (ignoring debt repayment), you both need to agree where else to cut. That's very definitely her responsibility as much as yours. If she's not prepared to do this, then she will be getting you both into debt in the future.

2. It struck me that it's possible your parents want to start passing some money onto you and Little K now, rather than when they get older, as a way of avoiding all the inheritance tax problems. If they pass it onto you within X years of their deaths, it can create problems. So they may prefer to do it now.

Lannie: Thank you this is such a useful post, I have shown it to my wife especially regarding the budgeting for the future.

Yes, in a lot of ways my parents just want to "help" us and yes you have summed their intentions up quite well. Mother has openly admitted she wants to "die with nothing"... tax avoidance to the grave (note I do not say evasion so nothing illegal).

Granariesgirl wrote: »

Hi Everyone, Hi Alex,
I hope things are looking up on the health front; can see things are looking better financially!

What THEY want shouldn't even be considered: it's what YOU & Mrs K want, what you think would be best for Little K & what HE wants - in that order!


Class! :rotfl:


That's why I put it as an option - not everyone wants (or can have) more than one & I'm definitely NOT one of those "everyone needs children" Ayatollahs! :cool:
The only reason we had a 2nd was 'cos as an only child I would have LOVED a brother or sister & didn't want to regret not doing so. It was either none or 2 for us! Though sometimes with the squabbling in the house I wonder if 2 was such a great idea!:rotfl:

(but wouldn't give either of them up for the world)

You are SO right there! Start looking at what YOU & your family want & need.
You have started to take control of your life, don't let them take over again - even if they are wanting to do it with the best of intentions!

:rotfl: On the health front: I ended up directing a choir tonight - yes, theirs a story behind that and now am struggling to breathe let alone talk. Not too good at all.

My parents in a lot of ways mean well, in other ways they want their own way.

Interesting re. the only child thing, before getting pregnant / living with our son, my wife was open to more than one. I didn't want more than one. However, without going into too much detail, she is even less open to the idea than I now! In some ways I do wish other people would admit they find it hard, especially because at times my wife feels very much alone and as if it is all her fault; she does love our son but finds him difficult / took a long time to bond with him.

AlexLK

Tuesday 8th October.
Day 37.

Dear Diary,

I had so much to write in here for tonight, not really on the financial side but about a great day spent with son, work and an interesting development which lead me standing in as a choir director tonight. However, I am not up to writing a detailed account on here due to seriously underestimating what damage singing can do to a already sore throat and what appears now to be a bad chest infection of some sort.

Summary:
NSD, .

Yours Faithfully,
Alex.

Mara_uk7

Get thee to thy doctor ! Before you end up with something much worse !

And bed ... You need your rest too !

Im old, Im entitled to preach at you !

Humour me ok ?