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Finally Debt Free After 34 Years, But Still Need to Live Frugally

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Comments

  • teafor2
    teafor2 Posts: 3,322 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Morning HHD :) Hope DS's diagnosis comes through soon. I always think it's easier to deal with something when you know exactly what you're dealing with. Grey areas are so frustrating. :o Have a lovely day. xx
  • Morning,

    Fingers crossed for a quick diagnosis from the doctor.

    Have a lovely day today xx
  • jwil
    jwil Posts: 22,397 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Belated Happy Birthday HHD :j Glad you had a good day.

    Hope you hear from your complaints and PPI soon x
    "Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee
  • badmemory
    badmemory Posts: 10,001 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    Harking back to the tax thing. Unless your earnings are going to be significantly more this tax year .... If they (as I believe) calculate your hours as payable at minimum wage, then you have plenty of hours left to work outside the partnership. But maybe a one third/two thirds split would be better. It could even be better to dissolve the partnership, that way you wouldn't need to employ an accountant, just do the books yourselves. Or would that be a step too far at the moment?
  • earthgirl
    earthgirl Posts: 3,762 Forumite
    Mortgage-free Glee!
    Yes a diagnosis will help in all areas of life and can help everyone understand, accept and focus on making progress. Good luck with all that driving.
    15/5/12 Paid off Mortgage 1 (£220k) Bought Dream House:www: Dec 13 - Mortage 2 -£116,508. 15/7/18 Mortgage Free Again :j

    Progress not Perfection
  • Seasidegal58
    Seasidegal58 Posts: 6,137 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Echoing everybody re. DS1's assessment results.
    x
    Finally Debt Free! - July 2016 🌟
    Finished Emergency Fund- £10,000 April 2017
    🌟
    RETIRED: MAY 2021!!!!😀🎆
    My diary: “Seasidegal's Scrimpy Retirement Diary!”
  • Having a diagnosis - that would be excellent for future plans and treatment. It's so much easier to deal with whatever it is, once you know WHAT it is.

    The bit about chatting in the car reminded me of one occasion we collected DD2 from UEA. She'd been at a party the night before, hadn't done any of her packing, and announced she was going to sleep the 3-4 hrs home. Then she got in the car and talked non-stop for 3 1/2 hrs !!!
    Well at least we knew what she'd been doing.

    Thanks Elizabeth :). How funny about DD :rotfl:.
    Good to get some answers re DS.

    Love the Hawaiian shirt purchase to celebrate :)

    Have a good day.

    Thanks DIA :). I know I'm dying to see the shirt now :rotfl:.
    teafor2 wrote: »
    Morning HHD :) Hope DS's diagnosis comes through soon. I always think it's easier to deal with something when you know exactly what you're dealing with. Grey areas are so frustrating. :o Have a lovely day. xx

    Thanks TF2 :).

    It will be good to have a diagnosis so that hopefully progress can be made.
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = £58,766 😱 DEBT FREE 31 OCTOBER 2017 :T 🎉
    EMERGENCY FUND 1 = £50/£5,000. EMERGENCY FUND 2 = £10/£5,000.
    CHRISTMAS SAVINGS = £0/£500. SEF = £1,400/£12,000 PREMIUM BONDS ME = £350. PREMIUM BONDS DH = £300.
    HOLIDAY MONEY = £0 TIME LEFT TO PAY OFF MORTGAGE = 5 YEARS 1 MONTHS
  • Morning,

    Fingers crossed for a quick diagnosis from the doctor.

    Have a lovely day today xx
    earthgirl wrote: »
    Yes a diagnosis will help in all areas of life and can help everyone understand, accept and focus on making progress. Good luck with all that driving.
    Echoing everybody re. DS1's assessment results.
    x

    Thanks all of you :). I'm looking forward to getting a firm diagnosis so that hopefully some treatment can follow.
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = £58,766 😱 DEBT FREE 31 OCTOBER 2017 :T 🎉
    EMERGENCY FUND 1 = £50/£5,000. EMERGENCY FUND 2 = £10/£5,000.
    CHRISTMAS SAVINGS = £0/£500. SEF = £1,400/£12,000 PREMIUM BONDS ME = £350. PREMIUM BONDS DH = £300.
    HOLIDAY MONEY = £0 TIME LEFT TO PAY OFF MORTGAGE = 5 YEARS 1 MONTHS
  • jwil wrote: »
    Belated Happy Birthday HHD :j Glad you had a good day.

    Hope you hear from your complaints and PPI soon x

    Thanks Jwil :). I don't know if we'll get any good results from the ombudsman but it's worth a try.
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = £58,766 😱 DEBT FREE 31 OCTOBER 2017 :T 🎉
    EMERGENCY FUND 1 = £50/£5,000. EMERGENCY FUND 2 = £10/£5,000.
    CHRISTMAS SAVINGS = £0/£500. SEF = £1,400/£12,000 PREMIUM BONDS ME = £350. PREMIUM BONDS DH = £300.
    HOLIDAY MONEY = £0 TIME LEFT TO PAY OFF MORTGAGE = 5 YEARS 1 MONTHS
  • HairyHandofDartmoor
    HairyHandofDartmoor Posts: 13,960 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 28 March 2019 at 3:34PM
    badmemory wrote: »
    Harking back to the tax thing. Unless your earnings are going to be significantly more this tax year .... If they (as I believe) calculate your hours as payable at minimum wage, then you have plenty of hours left to work outside the partnership. But maybe a one third/two thirds split would be better. It could even be better to dissolve the partnership, that way you wouldn't need to employ an accountant, just do the books yourselves. Or would that be a step too far at the moment?

    Thanks Badmemory :). I don't think either of us could cope with doing the accounts without an accountant as we're both awful at that sort of thing :eek:. I doubt if our earnings are going to be significantly more.

    If we dissolved the partnership then that would make DH a sole trader and then he'd be liable for all the tax wouldn't he? Sorry if I'm being dense :o.
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = £58,766 😱 DEBT FREE 31 OCTOBER 2017 :T 🎉
    EMERGENCY FUND 1 = £50/£5,000. EMERGENCY FUND 2 = £10/£5,000.
    CHRISTMAS SAVINGS = £0/£500. SEF = £1,400/£12,000 PREMIUM BONDS ME = £350. PREMIUM BONDS DH = £300.
    HOLIDAY MONEY = £0 TIME LEFT TO PAY OFF MORTGAGE = 5 YEARS 1 MONTHS
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