Future Proofing my life: Deposit saving then MFW journey in under 13 years

TallGirl

Totally agree interest on money that will never be paid would not be a good scenario sounds like you are being too nice again LWAP. I know things have been delayed due to the legal action but you don't want to wait forever. 

I love my Monzo too and I have joined the 1P challenge as well. So great they do not charge for european withdrawals (up to a limit) and spending on the card.  

RedLipstick

PennysIntoPounds said:

That sounds an interesting challenge LaPlan, how pathetic is it that I thought 'I'd like to do that' then realised how much it would stress me to put those small amounts aside! Could be maybe doable if it's a decent interest rate though, do you get any benefit from referring people? 

I have joined the challenge as well. It's all automated and zero effort so you don't even think about it, they take the money automatically after midnight and put to a wee saving account (all created for you too so really zero effort, you just join the challenge). I only use Monzo for travelling now but have some spare money there and just set a reminder every 3 months to transfer approx amount to cover the challenge. Not life changing money for some but I'm sure I'll be delighted with £600+ coming in Jan 26.

PennysIntoPounds

Thanks for the info @LadyWithAPlan and @RedLipstick, I'm going to have to stick with interest paying accounts at the moment as need all the money I can get for housing, enjoy your challenge!

South_coast

WelshmansDaughter said:

Why are you still doing work for people who haven’t paid you? It seems like they give you just enough when they want you to do work for them but have no intention of actually paying you whats owed.

apologies if this sounds rude, it is intended as a genuine question but its very early and my mental editor isnt awake yet

I agree - if they really need you to get them out of a hole, then they can get you out of one by paying you up to date. No pay = no work 👍

Alchemilla

I remember partying *muses jealously*

SuperSecretSquirrel

Another voice to the chorus... If they need you for this next job then you're in a position of strength. It would be a shame to waste the chance. I'd be insisting they settle the arrears in full before accepting any further work from them.

South_coast

You could always do the work in the background on the QT (if that's possible) so you could wheel it out at the appropriate moment once they've settled up, so you don't find yourself trying to do it at the last minute under loads of time pressure 

KajiKita

I agree. Time to call them out …

KK

astrocytic_kitten

Echoing everyone else LWAP. If a friend was in this situation - substantial sum owed, only breadcrumbs paid despite making it clear they were at risk of homelessness without it - what would you be advising them to do?

Apart from anything, if funding is so precarious are they ever going to be able to pay you or will someone else always take priority? Seems worth seriously thinking about sunk costs fallacy.

LadyWithAPlan

WelshmansDaughter said:

Why are you still doing work for people who haven’t paid you? It seems like they give you just enough when they want you to do work for them but have no intention of actually paying you whats owed.

apologies if this sounds rude, it is intended as a genuine question but its very early and my mental editor isnt awake yet

I have been paid but not the big chunks....  i am sure i will get paid - just not on the timetable I want....  been busy with other work for another client so I have actually not started any new work for that  main client  A as they still not sent me what I need anyway to start ...   I promise you all I will be having the conversation (again) before any work gets done..

It is my fault I have not spent much time new job hunting  this week what with all else so I will get back on that again to replace it.. Plus organising side hustle summer

Good to have push back from you all  (tx!) -you are  like a Greek chorus  echoing truth and justice at me.

 To be honest this last month   I have had only enough mental energy -  post xmas  - on my new short term contract (diff company) and the flat fight. I cant fight the battle on  too many fronts...;)

Today my boiler mysteriously broke down 30 mins after the new agents were  in the building - so that’s tomorrows task - luckily I have a heated throw and standalone heaters here as well 

I am now up to date on the new different company  contract work in terms of set up and figuring it out the  work  over the last 3 working days  - the work  will be over the next few weeks -

I did in-between my new contract stuff figure out my interest in various pots for my end Jan tax  SA filings... only thing outstanding for me to file that tomorrow. I started Ynab last Nov 23 and now have payees
-'interest income- not taxable'
'interest income-  taxable'
so next year will be a doddle.