It's the final countdown...£10k to go

t2rry

Sarahwithlove said:

Just think how much spare you are going to have each month once the debt is gone to go towards savings or paying off mortgage etc. 

Oh I know!! I think that's part of what's now giving me the extra kick to get it gone asap, if we can keep going as we have done for a while (thereby not feel like we're missing out on much!) we'll have a good 6 month emergency pot in no time really!  So many bigger and better things to start putting it to!

In that vain, I have been on the selling wagon and cleared £84.66 profit today.  It should have been a little more but I underestimated some postage costs - d'oh! - but still, can't sniff at that.  As a side note, I don't like ebay's new payment method, you have to wait days to actually get it when with paypal you had it immediately and could use it to cover the postage.  Now there's a lag and I had to shell out the postage before I get the funds.  Good for them though, I guess - eyeroll!

I still have some other bits and pieces up but nothing as high value, though I did find an extra £10 from the car insurance by adding OH's license number to the quote.  So the £125 I started with as stashed away yesterday, is now up to £185, awaiting the pay out of the ebay bits, which will be £34.66 after postage (I'll round this up to £35).  So that will be £220 without too much effort.  I have a few other larger 'extras' that will hopefully come this month but I will save those for a later update when they actually land.

I also ended up budgeting for the 2 deposits I need to pay into this month as usual, so hopefully I've overestimated those (I'm pretty confident I have), I just need them to be confirmed so I can pay them and shove the extra into the pot.  It's weird to now live a life where I want to chase other people so I can make payments owed rather than waiting for them because I don't know if we'll have enough money to last us to the end of the month once they come out!!! 

ceremony

Wow that's incredible progress!

I know a few people who are complaining about Managed Payments on eBay. One friend has a reasonably successful store and used Paypal Working Capital to grow the business. They're getting complaints from Paypal that they're "in breach of the agreement" for diverting sales volume away from Paypal now, but it's not their fault, eBay forced it. It's all rather badly thought through in my opinion.

Got to agree it feels nice to not be stressed about money. It's going to be even better for you when the last of that balance is gone and you can continue saving AND treat yourself!

t2rry

I feel so bad for people relying on that income, it's really bad I think how they've done it, and I read everything, yet there was no mention of the timeline of payments in all the bumf they sent through getting you to sign up.  Maybe  I need to try another well known selling site for clothes at least.

Anyway, I've sold more since my last post, a few tiny bits on ebay (might scrape a couple of quid profit) but a few things on marketplace, netting £45.  I've added £30 of that to my banked funds already, the other £15 should go in today - always a time delay here between getting the cash and paying it into the bank.  I've also requested my rewards from my bank account, that will be £10 I will add to the pot too.  That will bring it up to £275 by my calculations, postage costs dependent on whether it's a little more or a little less.  I'm on the hunt for other things to sell now, if I can keep that pot ticking over that will be great.

t2rry

More good news, I've had written confirmation of my pay increase this morning, so no reason it shouldn't be effective this month and I will have almost an entire year of backpay to come.  Now I've worked out how many weeks this should cover, I have revised my net estimate down to £2,200, after National Insurance, tax, pension and student loan (yes I'm still paying this, I think I will be for about another 3 1/2 years too).

Still debating with myself whether to ask HR to let me know what the calculations will be exactly.  I can't bear the idea that it gets missed again another month either, so feel like a double, triple check would be the right thing to do either way!

All funds are now in from selling etc too (technically some payments in are still pending but they should hit within the next day or two so I've transferred the equivalent funds to the emergency fund account, and I think I'm going to use £250 to pay down the Car CC now.  That will leave £25 as a buffer, I have another £120 coming soon that is guaranteed so that pot will be good enough to use for another payment later in the month, even if only rounding down the interest when the statement hits.  I have £350 freelance work that I'm hoping will be paid this month and I'm also still waiting for those two deposits to be confirmed, I have £190 budgeted for (50% total costs as initially thought) them so plenty of scope for some savings to be made there.  Plus will keep on keeping on with trying to find things to sell!

otherwise just need to keep on keeping in budget for the boring daily stuff that is food!

EDIT: Another item sold, another £15 in.  The pot is back up to £40 already!

Sarahwithlove

The mse salary calculator is pretty accurate if you do the advanced version you can include student loan payments as well 

t2rry

Sarahwithlove said:

The mse salary calculator is pretty accurate if you do the advanced version you can include student loan payments as well 

Thanks Sarah, I have actually tried to use that before but it doesn’t seem to have an option for student loans?  There’s another ive always used that I’ve found accurate anyway, it’s the backpay that I’m having to do a little guess work about so I can’t figure that part out with a normal salary calculator, but I know all my percentages for tax/NI/student loan/pension so think I’m close. I’ve tried to underestimate too so I’m not disappointed. It’s more that I need to KNOW it’s going through this month from payroll. It has been ongoing for so long I don’t trust people’s word anymore. I won’t get a payslip until the end of the month and by then it’s too late to fix it for immediate pay day. I just want some sort of guarantee that it’s coming this month. 

In other news, selling is becoming addictive so another £10 banked this evening and £25 worth agreed for pick up tomorrow!!! ££££

t2rry

Did my 2021/22 working from home claim (via MSE link to the microservice) yesterday, and for OH, had notification of my tax code change today.  Now that's service!! 

I've also decided to start taking a @crunchy_time approach to slushing any extra to the Car CC, so with yesterday's £10 sale plus the £40 pot that's another £50 paid off.  £25 to follow later today and then I'll have another evening of listing things.  I found a bunch of kids clothes I obviously sorted a while ago and set aside to sell, but I set them aside in a drawer I had completely forgotten about!!

crunchy_time

t2rry said:

Did my 2021/22 working from home claim (via MSE link to the microservice) yesterday, and for OH, had notification of my tax code change today.  Now that's service!! 

I've also decided to start taking a @crunchy_time approach to slushing any extra to the Car CC, so with yesterday's £10 sale plus the £40 pot that's another £50 paid off.  £25 to follow later today and then I'll have another evening of listing things.  I found a bunch of kids clothes I obviously sorted a while ago and set aside to sell, but I set them aside in a drawer I had completely forgotten about!!

I finally got around to finding your diary and have been reading through it! You are doing so well!

Thanks for the @mention!!  It really helps me to keep things ticking over by chucking anything extra at our loans. Glad it’s helping you too. I live the word ‘slushing.’ It’s like Tilly tidying - do you remember her?

crunchy xx

Sarahwithlove

The mse one has an advanced option and that has about student loan you choose what loan scheme you come under and it works it out for you. But backpay is hard to work out I just waited for mine to see what payslip said then went from there. 

t2rry

Little Sunday night check in as we've done well on the selling front this weekend - £85 up with another £30 promised.  

Also had OH's CC statement so paid the 'minimum' off that and updated the signature.  There's £60 cash from the selling to be paid into the bank so that's not come off the CC yet but the rest has and I've dipped under £9k.  Very very happy with this progress and hopefully more to come....!