The Mental Debt Struggle...

daisy_1571

Yes its an odd one but when retraining, the first cost, the cost of the initial training course can't be set aside for business expenses.  i think because you can't have a business, according to tax and ni rules, until the first day you are able to do that business, which kinda maked sense to me once they'd explained.   So in my case it was the day I passed my exam, until that point I wasn't qualified to actually 'do' that business.  I didn't start taking paid clients that day obviously, but for the tax people that was the day they suggested as official. 


Keedie could you divert the money you are being repaid to cover the repayment your mum?  Seems the same figure, £3000.  Save the £600s from the repayments you are receiving?   Because mathematically thats whats happened - if you hadn't paid out £3000 to other people you'd have had it and not needed to borrow it off your mum in one lump sum, or you'd have been able to repay it (if it happened in the other order)?

That way you are dealing with your own money for your own purposes as you are, essentially, debt free with a £68 bonus on top.  😀 

Its nice to be nice but maybe it will help if you can keep that thought in mind if anyone asks you for money overvtge next few years - its not you they are borrowing off and depriving of money, its your mum.  That might help you stay firm ?

Dxx