First Steps to Solvency

getmore4less

Still following, plenty of good progress dealing with the monsters some of the hickups are the sort of things we are all have to deal with due to covid. 


Couple of points. 

On the business doing well I think the message is yes doing fine but uncertain times ahead we need to be in a robust place to ride through dips if they come, which needs retained resources in the business. 

Budget reset should be the same day every month can't remember why you changed it for Dec.

Do the in-laws have a child care bubble already?
if not it can be your family. 
(they have said those rules don't change) 

What's the shelf life of make up?
Another area where reducing waste can create savings(and space) use up the old stuff first. 

Looking at the things you want to keep or would just replace later if you did sell them because it is stuff you really like. 

You are still allowed nice stuff on a budget as you say just needs thinking about, if there are things you would miss if sold keep them. 

All that happens is you sell raise say £4k

On £1k per month off debts that cuts 4 months off debt free but then you save up £4k and buy it back might as well just pay the debts for 4 more months and have the use of the item for all that time.

While 0% it's just a cash flow adjustment, could even compartment those things onto one card and let it run on its own schedule. 

Sarahwithlove

Maybe your wife should think about doing her own Instagram videos. A lot of people have had to take a pay cut or lose jobs this year and sadly think its going to follow into 2021. So maybe videos about how to make old colours new again. Reusing make up she already has to create similiar looks to the new colours that draw her in on Instagram. 

Tropically

Your wife might like #projectpan. It's a hashtag about getting really excited about finishing makeup. When you 'pan' a makeup product, you hit the metal pan below the product. It's all ladies who love makeup but are also excited about finishing it, as they realise they have lots of makeup and need to actually use what they have. 

alt80

Variable spends: £1380-1550.

Thanks for the responses - I will respond properly tomorrow. Been busy with christmas prep/  wrapping etc tonight and family day today. Determined to go to bed at a reasonable time and get up at a reasonable time too - something I 100 need to sort out once and for all tbh. 

Re budget reset - it kind of is and isn’t tomorrow had been debating in my own mind what to do - all DD payments etc due out between 21st and 26th are covered from this month’s budget not next. Only part I had planned to reset was the variables but tbh been thinking I can get to 26th - not going to spend hardly anything between now and 26th so might just try to make current variables last until 26th, then it’s been a proper month of this variable budgets spends and no long month to get through. 

enthusiasticsaver

I think it  is a good idea to try and get through to the normal budget reset date then January will not seem as long. You still have £170 to last until 26th.  

RelievedSheff

enthusiasticsaver said:

I think it  is a good idea to try and get through to the normal budget reset date then January will not seem as long. You still have £170 to last until 26th.  

I agree with this.

It isn't as though you can go anywhere and spend the money so trying to make the budget last until the 26th will make January much easier for you.

alt80

Variable spends: £1380/1550.

I do intend to respond properly. My wife isn’t doing very well after BoJos latest, not been in a good place since Saturday. Could drive down there myself and punch him tbh. 😆

Anyway no spend day for today. All Christmas food bought. Maybe one trip to Sainsburys for a few extra bits but going to keep the reset at the 26th. Will make January no more difficult that way. 

Trying to go to bed at a reasonable time. Got a decent nights sleep last night well over 6 hours so good for me. Been a lot better mindset wise apart from anger levels 100 BoJo issues. Not even thought about spending tbf.

theoretica

I don't know if this would fit your wife's sense of humour but it seems to apply https://www.youtube.com/watch?v=cE4lpSFNFUE

ryanm8655

alt80 said:

Variable spends: £1380/1550.

I do intend to respond properly. My wife isn’t doing very well after BoJos latest, not been in a good place since Saturday. Could drive down there myself and punch him tbh. 😆

Anyway no spend day for today. All Christmas food bought. Maybe one trip to Sainsburys for a few extra bits but going to keep the reset at the 26th. Will make January no more difficult that way. 

Trying to go to bed at a reasonable time. Got a decent nights sleep last night well over 6 hours so good for me. Been a lot better mindset wise apart from anger levels 100 BoJo issues. Not even thought about spending tbf.

Sorry to hear of the wife’s struggles. It’s a really !!!!!! situation. Good work on stepping up.

What a shamble it all is...and everyone !!!!!! off from London on the Saturday it was announced so won’t have made a shred of difference...

RelievedSheff

alt80 said:

Variable spends: £1380/1550.

I do intend to respond properly. My wife isn’t doing very well after BoJos latest, not been in a good place since Saturday. Could drive down there myself and punch him tbh. 😆

Anyway no spend day for today. All Christmas food bought. Maybe one trip to Sainsburys for a few extra bits but going to keep the reset at the 26th. Will make January no more difficult that way. 

Trying to go to bed at a reasonable time. Got a decent nights sleep last night well over 6 hours so good for me. Been a lot better mindset wise apart from anger levels 100 BoJo issues. Not even thought about spending tbf.

Good news on the sleep. 

Sorry to hear your wife is still struggling. At least she will see her parents on Christmas day though. Got to try and see some positives.

We won't be seeing either of our parents for a long time yet.  It will be almost a year since we saw the other half's mum last Christmas. We will miss having them here this year.