Losing my job at the worst possible time!

Sea.Shore

Deleted%20User wrote: »

Out of interest, did you's get a mortgage while stuck in a dead end job? least you've not got a landlord with rent increasing year on year I suppose, hope you can see you are in a fortunate position
Good luck but I'd always have a plan b or z anyway!


Highest paid part timer work I've come by seems to be in an 'out of hours' setting - couple of long shifts of a weekend which can be a fixed arrangement means you would still get a break each week, work and do college, you can get paid for surveys as well but I've found you need a social life for that or easy with blagging it, looks like you can't do much on the savings except change to something of the like Iceland or it's equivalent (if you can)

There wasn't a lot going on in terms of progression and 'working my way up' at the time due to recruitment freezes but I suppose it wasn't totally 'dead end'. I only left because I was pushed out after returning from work in January, they made my life a misery, basically. The case is still with the Union, likely to be suggested it was constructive dismissal.

Thanks

getmore4less

you have no budget or an idea of how much you really spend.

you have debt

how big is the savings pot growing for all these things not on your list.

You say you save for things but have a sofa loan.

You did not notice a DD was not been taken

Go back over the last 12 month(1june 14-31st may 15) and account for all your income, that's your first estimate for the next 12 months.

start a spending diary.

You have a debt problem now and it has all the signs that it will get bigger unless you tackle it now and do a proper budget.

How much of your income were you spending/saving, how much did the OH wage change at last job change?

The reality you are paying for the wedding with debt(by using savings that could pay off the debt) unless you will have enough savings to pay the debts off.

You really need to do a SOA and move this to the debt board.

With 2 kids your missing stuff won't be small change and with no savings will result in more debt when you can't pay them.

Ronaldo_Mconaldo

Just because you're going to university doesn't mean you've reached the promised land. Plenty of people with degrees windup stacking shelves or flipping burgers. If you are that desperate for cash then give up that idea and get a job now.

Sea.Shore

Ronaldo_Mconaldo wrote: »

Just because you're going to university doesn't mean you've reached the promised land. Plenty of people with degrees windup stacking shelves or flipping burgers. If you are that desperate for cash then give up that idea and get a job now.

If you have nothing helpful to say, I'd be better if you didn't say it.

Sea.Shore

getmore4less wrote: »

you have no budget or an idea of how much you really spend.

you have debt

how big is the savings pot growing for all these things not on your list.

You say you save for things but have a sofa loan.

You did not notice a DD was not been taken

Go back over the last 12 month(1june 14-31st may 15) and account for all your income, that's your first estimate for the next 12 months.

start a spending diary.

You have a debt problem now and it has all the signs that it will get bigger unless you tackle it now and do a proper budget.

How much of your income were you spending/saving, how much did the OH wage change at last job change?

The reality you are paying for the wedding with debt(by using savings that could pay off the debt) unless you will have enough savings to pay the debts off.

You really need to do a SOA and move this to the debt board.

With 2 kids your missing stuff won't be small change and with no savings will result in more debt when you can't pay them.

I do know how much we spend, and I do know how much debt we have and compared to some, it isn't a massive amount.

I think it's our choice that we get married, not yours, regardless of how much we owe people, which isn't a huge figure by any stretch of the imagination. We wouldn't go bankrupt tomorrow. However, because of unfortunate events, that is why some of the debt is there. Yes I didn't notice the DD randomly stopping, but that was because I didn't check statements properly, not really the end of the world. They have, however, overcharged from estimates and argue that they won't change it, so I'm not about to pay for something I might not owe. It needs to be resolved first.

Not that it really concerns you why I got a sofa on credit from DFS ALMOST 4 years ago, yes it is almost paid off, but it was because I didn't have one for quite a while after parting ways with an abusive ex-partner who trashed the other one a while before that. So, at the time, because I was a single parent, with little money, and only working part time 20 hours per week, I budgeted and allowed £40 to come out of my accound so we could have one.

I appreciate the help by most people, but I don't think I really need to explain things like this on the forum. It is what it is and if you're only going to finger wag, it's not very productive.

missbiggles1

Ronaldo_Mconaldo wrote: »

Just because you're going to university doesn't mean you've reached the promised land. Plenty of people with degrees windup stacking shelves or flipping burgers. If you are that desperate for cash then give up that idea and get a job now.

IME, most mature students who do the Access route to unversity go on to do vocational degrees like Nursing where they're fairly sure of the employment prospects at the end of it.

GwylimT

Keep looking for work, when I was at university I was a single parent working fulltime, my bursary more than covered childcare so I was better off financially while at university.

If you aren't doing a practical course such as nursing get some more work experience than you normally would to make connections for when your degree is completed.

If child benefit isn't in your name you can sign on for NI purposes.

You need to do a proper budget, its clear that you don't know what you're spending, that isn't an ideal situation no matter what you earn.

Sea.Shore

missbiggles1 wrote: »

IME, most mature students who do the Access route to unversity go on to do vocational degrees like Nursing where they're fairly sure of the employment prospects at the end of it.

Very close! Midwifery is the dream, working my backside off to get there too

Alter_ego

When you marry you will be eligible to transfer £1060 of your unused personal tax allowance to your husband. There's £200+ saved each tax year.

Sea.Shore

GwylimT wrote: »

Keep looking for work, when I was at university I was a single parent working fulltime, my bursary more than covered childcare so I was better off financially while at university.

If you aren't doing a practical course such as nursing get some more work experience than you normally would to make connections for when your degree is completed.

If child benefit isn't in your name you can sign on for NI purposes.

You need to do a proper budget, its clear that you don't know what you're spending, that isn't an ideal situation no matter what you earn.

Thanks, I came across a job last night that will hopefully fit nicely alongside college, will be applying for it on Sunday.

I'll be applying for Midwifery, and knowing how difficult it is to get on to I've been working voluntarily supporting pregnant and new mothers along with paid employment, also secured some work experience in a hospital with midwives.

In all honesty, it's only in the last year everything has got a bit nuts with my partner losing his job, getting another but losing money, now started another and on a higher income (+6000), a newborn during that time, me being pushed out of work, and this job coming to an end. I do actually budget every month contrary to popular belief, but the last year has been hard. This is why I'm looking for ways to save money to make life a bit easier. Some repayments are coming to an end in a couple of moths, others can be consolidated into a loan, for example, accruing less interest and although repaying every month, paying less a month than I do now while paying separately.

I've never missed a payment in my life, credit rating is excellent so not really staring in the face of bankruptcy as some may think. I just wanted some advice to see if efforts to reduce how much were paying out is any good.