First Steps to Solvency

alt80

@getmore4less lol remember those from way back when haha. 

Talking of nostalgia my daily watch is a Rolex, I’d been dating my wife about 6 months she found its box etc told me she presumed I’d bought it from the lucky-lucky man. 🤣 I may be many things but I’m not fake lol.

mark55man

Ha ha - I can't keep a watch safe for more than a few months so I just stopped!.  But good luck with those sales just a matter of picking things to sell that are worth the effort.  Ebat and similar can be a real drag if you are down in the up to £10 range, but good things £50 back but not electronics are usually straightforward 

well done on progress - I think you may forget how much stuff you have that is resellable.  That would be a good chunk down, maybe something for your OH.  And do something like 80% to the debt 20% for the family days outs 

ohdearhowdidthathappen

Agreed, if we sell stuff, we keep a bit back for a family day out or a takeaway
Your watches sound like my husband's idea of heaven, he loves watches.  If he was loaded, he'd have one of those drawers with watch compartments filled with expensive makes 

PassElephant

https://www.gov.uk/guidance/check-if-youre-eligible-for-the-coronavirus-retail-hospitality-and-leisure-grant-fund 
Are you eligible?

ladyholly

With regard to watches the most accurate watch my dh has is a fake cartier we bought for a joke when visiting China several years ago. Still works and keeps good time as does the equally fake Rolex bought at the same time.

getmore4less

ohdearhowdidthathappen said:

Agreed, if we sell stuff, we keep a bit back for a family day out or a takeaway
Your watches sound like my husband's idea of heaven, he loves watches.  If he was loaded, he'd have one of those drawers with watch compartments filled with expensive makes 

A collection needs attention, indexing, valuations on display etc.

once it becomes a bunch of stuff that is ignored you are a hoarder. 

Finding that when sell stuff from a hoard it makes more than it cost does not convert you back to a genius collector/dealer.

alt80

@mark55man no idea how you lose a watch mate. Very true re picking things to sell I'll be honest if its only worth £10 I'd put it in the bin - not worth it for £9 once eBay / whoever take their cut. Can't fire the car up and go to the post office for that I don't think haha. 

We've definitely got things with resale value that we no longer want or at least feel ok with moving on. Wife is back onto selling the bags - one gone she has never used and genuinely doesn't know why she bought it in the first place. So that's £500 for a dowdy black mulberry bag that looks like something her mum would have lol. Thanks for the 80-20 suggestion, I've told her to treat herself to something with the £100 - she's decided it can play for some of the beauty stuff so win win that could be something we've accounted for this month which doesn't cost us anything. Anything left over from the spends budget can come of the cards as an additional payment.

@ohdearhowdidthathappen maybe a day out would be good, we don't tend to have takeaways in this house - wife won't eat Chinese / Indian / pizza as a takeaway. The other week I had a sneaky maccys working lunch with a staff member wife would be disgusted if she knew probably more than me owing money lol.

Hardly call three watches a collection lol but definitely one day I'd like to have maybe 6/7 quality watches.  

@PassElephant already sorted that but thanks for thinking of me.

@ladyholly I really don't get why people buy fake watches tbh. Not saying they don't keep time but a (real) Rolex is quite different and as much about an appreciation for the thing itself as its job. Anyone who knows watches or wears an actual Rolex will know if they are inclined to notice / look.

@getmore4less agree with that generally. I come across eccentrics every now and again house chock full with 'stuff' some of significant value but neglected. 

alt80

Update. -
This week: 
1. Stick with the budget. Feel this is going generally well right now.
2. Not spend my free time looking at cars / property rather than doing something with my family. Been working late instead. Did read to my son though.

3. Check yolt app everyday. 2/7
4. Tuesday - Friday aim to finish work 6.30pm. 🤣🤣🤣🤣🤣 need to work on this.

5. 3x workouts, 1x 5km. still 1/4

theoretica

Never seen any attraction in fake things either - much rather have something that isn't trying to pretend to be something else and quality matters far more to me than name. But only quality as far as I need it - I don't want bells and whistles or dive capability I'll never use.  In my case my watch is Scandinavian simplicity in good materials and down to a fraction of its price as end of line stock. 

One-step-at-a-time

I'm cringing a bit at the idea of binning a succession of tenners  OK yes, far far quicker to sell a couple of handbags or other bigger ticket items, but the end result is still debt reduction, even when it's a bit more of a faff. I've cleared well over £1000 selling odds and sods that way, and it's amazing what people will buy - old, broken stuff for spares/parts etc.  Sell only when there's a £1 max final fees offer, list a bunch of stuff at once, pack it up as soon as it's listed so it's ready to go, and it's cheap and efficient - money for a few minutes of work (though admittedly I have a Post Office less than a 5 min walk away from home and need to go there regularly anyway, so actually shifting the stuff isn't as much of a performance as it would be if I had to drive or go out of my way at all).