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Crunchy pays off the loan early, and other stories

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  • crunchy_time
    crunchy_time Posts: 520 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    So I had my interview today for an hr role. It was fine. The people that interviewed me were lovely and I think I would fit in well in their team. But I know I would be bored as I will be admin and I’m capable of so much more. Although I think eventually they would pay for my training, I would then be tied to them for a few years and wouldn’t be able to leave.

    Honestly I’m in such a conundrum about what to do for my future. If I aim high then I will have to pay for my own masters but if I stay out I will stagnate and get bored. I don’t know what is the best way to go. I don’t know what my heart is telling me any more.

    help!
    Debt-free Jan 2023 | MFW date Dec 2033. Start date 1st January 2023 £257,509 (23 years left)
    Current Mortgage: £235,698
    Emergency Fund = £8,256 Target £10,000
    Currently paying off CC £1204 - Saved £100 so far


  • crunchy_time
    crunchy_time Posts: 520 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    So now my employers, because I have said that I’m looking for a new job, want to pay for my masters. Lots of food for thought.

    some signature updates this evening.

    sofa loan is now £496 and husbands credit card is now £2312.

    Crunchy x
    Debt-free Jan 2023 | MFW date Dec 2033. Start date 1st January 2023 £257,509 (23 years left)
    Current Mortgage: £235,698
    Emergency Fund = £8,256 Target £10,000
    Currently paying off CC £1204 - Saved £100 so far


  • crunchy_time
    crunchy_time Posts: 520 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    Oh and emergency fund is now £624  and council tax rebate has been paid.

    Crunch x
    Debt-free Jan 2023 | MFW date Dec 2033. Start date 1st January 2023 £257,509 (23 years left)
    Current Mortgage: £235,698
    Emergency Fund = £8,256 Target £10,000
    Currently paying off CC £1204 - Saved £100 so far


  • Depends really, if you definitely want out of teaching, it makes sense to do an HR role and use it as a stepping stone to a different career.
    Unless the Masters is in a subject that can be used in other sectors, is it worth the effort if you want to leave the education sector?
    I personally hate it when an employer offers something only when they find out you're looking to leave, it's lazy management.  If you do want to stay, I'd get the promise of funding in writing as all school's budgets are only going to get tighter in the future.
    A friend of mine is a TA and had been promised funding for her PGCE, they've now said they can't afford it.  She's fuming as has been teaching classes and doing HLTA roles (for no extra money) as they'd said it was excellent prep for her PGCE :(
    DFD March 2025 (£35000 paid off)
    FFEF £10000/20000 saved
  • Depends really, if you definitely want out of teaching, it makes sense to do an HR role and use it as a stepping stone to a different career.
    Unless the Masters is in a subject that can be used in other sectors, is it worth the effort if you want to leave the education sector?
    I personally hate it when an employer offers something only when they find out you're looking to leave, it's lazy management.  If you do want to stay, I'd get the promise of funding in writing as all school's budgets are only going to get tighter in the future.
    A friend of mine is a TA and had been promised funding for her PGCE, they've now said they can't afford it.  She's fuming as has been teaching classes and doing HLTA roles (for no extra money) as they'd said it was excellent prep for her PGCE :(
    DFD March 2025 (£35000 paid off)
    FFEF £10000/20000 saved
  • crunchy_time
    crunchy_time Posts: 520 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    Depends really, if you definitely want out of teaching, it makes sense to do an HR role and use it as a stepping stone to a different career.
    Unless the Masters is in a subject that can be used in other sectors, is it worth the effort if you want to leave the education sector?
    I personally hate it when an employer offers something only when they find out you're looking to leave, it's lazy management.  If you do want to stay, I'd get the promise of funding in writing as all school's budgets are only going to get tighter in the future.
    A friend of mine is a TA and had been promised funding for her PGCE, they've now said they can't afford it.  She's fuming as has been teaching classes and doing HLTA roles (for no extra money) as they'd said it was excellent prep for her PGCE :(
    That’s really unfortunate about your friend. She should be able to get a student loan and a bursary to pay for PGCE or do it through school centres training.

    I was offered the hr role but turned it down. I’m going to pursue the funding for the first part of the masters and if that doesn’t work out I know I can secure a job in something else.

    Debt-free Jan 2023 | MFW date Dec 2033. Start date 1st January 2023 £257,509 (23 years left)
    Current Mortgage: £235,698
    Emergency Fund = £8,256 Target £10,000
    Currently paying off CC £1204 - Saved £100 so far


  • crunchy_time
    crunchy_time Posts: 520 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    Just paid £50 off my 0% credit card making it £1747!

    Small win today!

    Im coming to the realisation that I don’t want to do a course at all based at school as I don’t want to be shackled to my employers for the next 2-3 years stuck on £16,500.

    I’m growing tired of working in education now. I’m going to wait a bit longer before I start to look for what to do next as I would still like the summer holidays with my children but change is definitely on the horizon.

    Crunchy xx
    Debt-free Jan 2023 | MFW date Dec 2033. Start date 1st January 2023 £257,509 (23 years left)
    Current Mortgage: £235,698
    Emergency Fund = £8,256 Target £10,000
    Currently paying off CC £1204 - Saved £100 so far


  • crunchy_time
    crunchy_time Posts: 520 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    Happy bank holiday weekend!

    we are having a lovely time and hope everyone else is too.

    It’s about 8 weeks to go until our big holiday, the one we booked before Covid hit for our milestone birthdays. Although the holiday is completely paid for now,  Because of the law suit and car issues we don’t have as much spending money yet as we would like so the next 8 weeks are all about saving as much as we can. So no eating out, theme parks etc just bike rides, walks, beach trips where we just have to pay for parking. We still have to get suitcases and other holiday stuff of course. 

    After the holiday we are hoping to start building up the savings again and then smashing away the credit cards and the sofa loan.

    im getting closer with the career change too - considering instructional design as would be a good use of my teaching skills. Lots to learn but I feel excited about this one and that’s the point isn’t it. 

    Crunchy xx
    Debt-free Jan 2023 | MFW date Dec 2033. Start date 1st January 2023 £257,509 (23 years left)
    Current Mortgage: £235,698
    Emergency Fund = £8,256 Target £10,000
    Currently paying off CC £1204 - Saved £100 so far


  • crunchy_time
    crunchy_time Posts: 520 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    Credit card now down to £2252.

    Emergency fund is now £200 thanks to some legal fees we have had to fork out for.  But again, I guess that’s the point of it.

    Planned spends for the summer now have pots in the savings account and we are saving towards them every month. This makes me feel good as I haven’t been sure about how much things would cost so to tie some things down feels great!

    Job search is ongoing. Food budget is being stuck to so far.

    Crunchy x

    Debt-free Jan 2023 | MFW date Dec 2033. Start date 1st January 2023 £257,509 (23 years left)
    Current Mortgage: £235,698
    Emergency Fund = £8,256 Target £10,000
    Currently paying off CC £1204 - Saved £100 so far


  • Sofa loan now down to £454!!

    Crunch!
    Debt-free Jan 2023 | MFW date Dec 2033. Start date 1st January 2023 £257,509 (23 years left)
    Current Mortgage: £235,698
    Emergency Fund = £8,256 Target £10,000
    Currently paying off CC £1204 - Saved £100 so far


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