Help to sort myself out?

LannieDuck

If partner works in a nursery job, could she pick up some babysitting in the evenings to earn a little extra? Might not be too stressful if the kids are mostly in bed already

Also, how do you feel about ebay/carboots? If you have things around the house you never use, turn them into cash and get the £500 CC debt paid off asap. Old computer games, clothes with labels, unopened aftershaves?

fatmcgav

More useful stuff...

Tixy They've recently relocated to Wales with my brother and his partner, so have been spending quite a bit of money modernising their new house.
It's not a conversation I'd like to have with them, however in the interests of trying to get back on track I think it's a conversation I'm going to have to have...

And yes, it came as a bit of a surprise when the mortgage did get approved... And then for Halifax to take an increased first mortgage instalment only 2 weeks after moving in... Took 5 weeks in the first payment, so over £1000...

Bedsit Bob Yes, changing jobs has been on her mind for a while. However she hasn't yet summed up the courage to make the leap. I think it will happen though...

nomunnofun The credit card limit is set at £500, so no spare on there atm, and have tried to up the limit within the past 3 months to no avail...

Cheers again for all the replies thus far.

Gav

fatmcgav

LannieDuck wrote: »

If partner works in a nursery job, could she pick up some babysitting in the evenings to earn a little extra? Might not be too stressful if the kids are mostly in bed already

Also, how do you feel about ebay/carboots? If you have things around the house you never use, turn them into cash and get the £500 CC debt paid off asap. Old computer games, clothes with labels, unopened aftershaves?

Yeh, she does do the odd bit of baby sitting here and there... However any money from that usually gets whittled away elsewhere...

Have used eBay quite alot - Usually buying rather than selling though... However I've been thinking about trying to use it to try and clear a few bits and pieces which might make a bit of money...
And my partner loves Car Boots, however it's usually as a buyer rather than a seller

Cheers
Gav

LannieDuck

Selling on ebay is straight-forward but a bit time-consuming. Start with some low-value items to figure out how it all works.

If you accept their mailling e-mails, they'll occasionally have zero-fees weekends where you don't have to pay insertion fees (so the only cost is the % they take for selling the item, and paypal's cut).

Definitely worth a go. I managed to clear two rooms' worth of junk and make ~£400. It was all stuff I thought was pretty much worthless (with the exception of a car radio which we got £60 for), so if you have some things that you think might actually fetch some money, it could help you out quite a bit.

barbarawright

If you're earning £45,000 surely you should be getting nearly £3000 each month?

fatmcgav

barbarawright wrote: »

If you're earning £45,000 surely you should be getting nearly £3000 each month?

I'm earning £45,000 from this month, so the first pay slip I'll get at that level will be on 29/11... However looking on The Salary Calculator, it gives the following break-down:

Monthly
Gross Income.......... £3,750.00
Pension Deductions.. £112.50
Childcare Vouchers.. £0.00
Salary Sacrifice........ £48.00
Pre-tax deductions... £0.00
Taxable Income........ £2,815.75
Tax.......................... £592.80
National Insurance... £301.81
Student Loan........... £0.00
Post-tax deductions. £0.00
Take Home............. £2,694.89

That's based on my tax code of 928L, with a 3% pension and £48 salary sacrifice for my Cycle Scheme payments...

Cheers
Gav

thriftylass

fatmcgav wrote: »

and a Cycle to Work scheme which is £48pm.

Are you actually going to use this or why are you paying into it? Could be 48 quid pre-tax saved a month.

And I agree with spending diary which you started, good. As there is nothing listed under entertainment (pub etc.), haircuts, presents, corner shop spends here and there etc. Because atm your SOA reads as if all you spend each month is the 60 on groceries. Unless your partner pays for your haircuts and anything else which I doubt given her salary.

Well done so far, keep going. Your definitely on the right track

Pixie5740

You mentioned that your OH also has debts and that is where a large chunk of her salary is going. I think you need to be honest with her about the state of your finances and maybe, as someone else has already suggested, pulling your money together. Maybe when she sees what a pickle you are in it will give her a gentle nudge into getting a new, less stressful job.

To get out of debt you will both have to adjust your standard of living i.e. eating out, holidays, etc so it's a good idea if you are both transparent about your financial situations.

Good on you for taking the bull by the horns and not keeping your head in the sand.

fatmcgav

thriftylass wrote: »

Are you actually going to use this or why are you paying into it? Could be 48 quid pre-tax saved a month.

And I agree with spending diary which you started, good. As there is nothing listed under entertainment (pub etc.), haircuts, presents, corner shop spends here and there etc. Because atm your SOA reads as if all you spend each month is the 60 on groceries. Unless your partner pays for your haircuts and anything else which I doubt given her salary.

Well done so far, keep going. Your definitely on the right track

Yep, it's a 12 month purchase scheme I started in March, with which I bought a load of Cycle gear that I use on a fairly regular basis. Unfortunately not to/from work though, as that commute is a bit too far...

Will run the spending diary for a week or so and then post an update on here

Pixie5740 wrote: »

You mentioned that your OH also has debts and that is where a large chunk of her salary is going. I think you need to be honest with her about the state of your finances and maybe, as someone else has already suggested, pulling your money together. Maybe when she sees what a pickle you are in it will give her a gentle nudge into getting a new, less stressful job.

To get out of debt you will both have to adjust your standard of living i.e. eating out, holidays, etc so it's a good idea if you are both transparent about your financial situations.

Good on you for taking the bull by the horns and not keeping your head in the sand.

Cheers...
N yep, think we're guna have to have a chat and both get on the same page...

Cheers again all...

Gav

bess1234_2

I hate to say this but you seem to think its a quick shuffle about. Why do you over spend? Why did relatively small unexpected expenses start you spiralling into the worst of the worst- pay day loans .

I think you need to face it, and then you ll sort it quite easily, and have a much better life.

Have you a shiny new bike, and a shiny new car, and a shiny new house- but your penniless.

I suspect you have more shiny things you could sell - learn how eBay works, start small as advised above, and crack on dear. There is no easy way out.

Do you add your food money to partners, or is this lunches, takeaways, etc on top of the food shop. Is your relationship at the point to deal with this jointly, and discover her debts. It would be better to wok together on it even if you keep your money separate.

I wish you all the luck ,as it is just needing to start to think about money, and then you will have lots of it to enjoy.am envious, please learn the mse way now.