From Debit to Credit

Hiddenidenity

Glad the job went well sounds like things are picking up for you and all in the right direction well done x

tori.k

Total monthly income: £

2,200

Expenses (incl. HP & secured debts): £

1,303

Available for debt repayments: £

897

Unsecured debt repayments: £

218

Surplus (shortfall if negative) £

679

Well updated my SOA outgoings have risen by £55.51 a month thanks to the annual rise in council tax and household bills. I've also been spending a bit more in shopping a week as im not home so much. luckly our income has increased a little and I managed to offset the rise a bit with changing the electric and phone/B band supply. I will try and get a bit more organised with the shopping as that seems to have jumped from an average of £57PW to £69 and it can't be all down to inflation.
Spooky Is that debtwise we are almost in the same place as I was when I started this journey when I was looking at just paying off the credit cards, oddly the electric was over a £100 in credit (same as this time) and waiting for that to be returned and Dods had a tax rebate and this time im expecting £480 back odd how the wheels turn. It's been over 12 months since we last had to use a credit card for credit oddly im managing better on less than half the income than we had before, I guess I've become more cautious but in turn I feel far freer.

Tahlullah

Fabulous news!! Congratulations on getting to this point. Doing well on less money and losing the reliance on the Credit Cards. Can only get better.

Tx

tori.k

Well today is payday so I should be over the moon but the tax man is playing silly !!!!!! once again so I'm over $400 down on my wages again this month. So have paid just shy of a thousand pound in tax since April. This is having a massive impact on my budget and as much as I will get this back at somestage this couldn't happen at a worse time as Dods payday is being shifted this month so he will have split paydays and all the bills go out between them.
We can cover the DD but that's about it we are now eating into the savings we put by to overpay the loan. Regardless it's heartbreaking to put the graft in knowing I'm working for nothing. So nothing but the min payment on the loan and beans on toast for tea.

Tahlullah

Sorry about this awful situation. But think, you have savings to cover! How great is that! No borrowing from anyone except yourself, and you know you can pay yourself back once it is returned by HMRC.

You can always add cheese to make it cheesy beans on toast! Go on, be decadent!

tori.k

Cheesy beans! That's living the champagne lifestyle on lemonade money payslip turned up $860 in stopages in the end. I do take comfort that this year it's painful but manageable, the do say if you work a job you like your never work a day but there's limits.
Early start and early finish for me today so think we will spend an evening at the beach making the most of this weather.

Hiddenidenity

The weather is beautiful isn't it!

I agree enjoy it why it's here it doesn't stay for long

tori.k

Well haven't heard anything from payroll so it will be next week until someone decides who I'm having my issues with. Next week will be first payday with job two so will be interesting to see if I'm going to have the same problem as by my workings I should pay $65 in tax a month on a BR tax code with them.
It's going to be a long old slog today as last night saw me up at 2am with some light show and thunder going on, oddly the air doesn't have that fresh feeling you usually get after a storm so probably more to come, I know a lot of people hate them I find the display of energy fascinating.

tori.k

An interesting day, seems my services are in demand job one have given me another 16 hrs on permanent contract in the nursery alongside my 13.5 in the garden centre store, with the idea I will keep my seasonal position hours from March till July. Job two will take any hours I can give but I'm only keeping my 10hrs on contract with them so I'm not tied,but plan to do another 10hrs over the summer months. I've also decided to start up a very small seasonal business making up hanging baskets and containers I have the network for doing this with both my job's and it's something I don't mind doing and often do for free so it's time I started charging a little for my time. I would only make a couple of hundred quid a year max and this money would be earmarked just for me as play money.

tori.k

Still waiting on payroll, so guessing nothing will be sorted untill next payday. On the positive I'm trying to see the tax office as an unofficial savings account they pay about the same amount of interest as my current account .
Made my first top up contribution to my pension this month luckily I had set up nest pensions when we were self employed not that we really used them but both our employer's use nest as there work place pensions so at least it all going in the same pot. The plan is once the loan is paid off this will also be diverted into the pension as we have been managing without this money for the last two years​ so hopefully won't miss it to much going forward.

The first of the regular savers is due to pay out in August the plan was to save a years utilities and travel bills so we would get a lump sum payout every 13 weeks make a little interest and be able to pay things like the council tax off in full rather than monthly, it's a work in progress as we only managed two instead of the four planned we will make £25 in interest on each saver and had to raid the loan overpayment savings the last two months to fund them, will mean another tight 12 months ahead and a slog to get there, but would mean we shouldn't need to use a loan to sort a big ticket item like replacing the car, as I don't think on our wages we can save a huge amount and service the pensions like we want.