Big changes

Penny2myName

OK, so I still have loads of debt, so most people would think taking a cut in hours at work is ludicrous. The fact is I am starting my own business, and therefor am unable to commit to a 30 hour week with my employer since my contract has me working 8 day and 7 day weeks. (8 on 2 off 7 on 4 off) over a three week period. Starting on January 5th my hours will be cut to 15, this allows me to then have 5hours a day with my own business, manufacturing and selling alternative children's wear. I intend to still do overtime each week, by doing 12hr shifts over 2 sundays and 1 saturday rota. This should hopefully keep me to what my basic wage is now without overtime.

Due to starting my own business it has meant I have taken on a second rent in the form of workshop. I have animals at home and for a professional finish I can not risk a stray cat or dog hair going onto the fabric.

so roughly mynew financial outgoing are going to be from January 2015
£496.55 basic wage
£200.00 board from partner
£281.12 Tax Credit
£82 CBH
£1059.67 Total Income

Household Costs
£250 Rent
£41Gas
£40 Electric
£28.90 Water
£67 Council Tax
£6 Netflix
£13.90 Insurance
£35 TalkTalk
£42.00 Vodafone
£523.80 Total

Debts
£1230.95 Capital One £100.00 Monthly 30.340% apr £44.01
£3384.65 Barclay Card £150.00 Monthly 29.9% apr £150.00
£1110.27 Barclay Finance £42.58 Monthly £1033.85
£1177.80 Bedroom finance £26.85 Monthly £1150.95
£-1,890.00 Student Overdraft £0000 Monthly £33 interest per month
£-342.00 Graduate Overdraft £171.00 Monthly Ends December 24th/29th (normally paid on 25th but lots of closed banking days)
£ 418 Npower final bill when it arrives.
Total regular payment £263.44 on Average
£787.24 Grand Total of Monthly expenses.


Leaving £272.43

Business
£270 Rent
£30.00 website
£300 Total

As you can see, this is why I have to work the overtime to cover the costs of the business whilst I am manufacturing enough stock to make an e-shop viable. As well as being able to feed myself and family.

I have 1 dog 2 cats and 1 teenagers, partner & myself


I know the next 6 months are going to be a major struggle, whilst I am manufacturing the clothes ready to sell.

For christmas next year I have just started on a site called Swag Bucks, so hopefully I can do a free christmas through using my points for amazon vouchers and get my gifts that way.

oh yeah 2015 I have the following birthdays
youngest son 16 April
mum 70 in August
Eldest Son 18 in August
Sister 50 in September
Daughter 21 in October

Big birthdays:eek:, no money:( god help me:A